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3 83 � normal ratio between City-County assessments in each tax code area. Mr Ference stated that the cost of such review would be substantially less than for inspection of each parcel, but results would probably be comparable. � Discussion followed and Mr Fales and Mr Ference conmented and re- plied to questions concerning the fact that even reappraisal cannot eliminate all questions regarding assessments, whether or not un- ' developed parcels would be included in a reappraisal of GID No 1-64 assessments, the lack of experience and subsequent need to use arti- ficial values based on speculation which causes reappraisal of un- developed lands at this time to be undesirable, the need for commercial development in the area, the factors such as quality of construction, neighborhood, etc, which contribute to decisions regarding equitable assessment, the fact that reappraisal of undeveloped land may result in reduced assessments since values of commercial parcels appear to be less than anticipated in the original development plan, and it was generally acknowledged that the consequence of a reappraisal is intended to be equitable assessments and that reduced assessments for homeowners are unlikely MOTION Title having been read, Councilman Norris introduced the following ordinances and moved, seconded by Councilman Rhodes, the�r approval for first reading, with the appropriate rates to be set forth to include cost of the reappraisal of residential properties as described in Paragraph 4, Page 3 of the Report of the Director of Finance of August 18, 1977• (Paragraph 4 "An alternative to phys�cal �nspection of each � parcel is to review the Building Department permit records to determine the type of construction and size of the original structure, and where additional permits have been issued. A phys�cal reinspection would be made of these parcels, and any parcels where there may be a significant difference between the normal ratio between City-County assessments in each tax code area. It is estimated that the necessary data could be captured in this manner in not more than three man months, , provided qual�fied temporary help is obtained ") AN ORDINANCE FIXING THE AMOUNT OF MONEY TO BE RAISED BY TAXA- TION UPON THE TAXABLE PROPERTY WITHIN GENERAL INPROVEMENT DISTRICT NO 1-64 TO PROVIDE FUNDS FOR GENERAL IMPROVEMENT DISTRICT NO 1-64, AND FIXIN6 AND LEVYING THE TAX RATE THEREFOR ORDINANCE APPROPRIATING $28,005 FROM UNAPPROPRIATED BALANCE ' OF WATER FUND T0, AND APPROPRIATING $16,494 FROM UNAPPRO- PRIATED BALANCE OF SEWER FUND T0, GENERAL IMPROVEMENT DISTRICT NO 1-64 FACILITIES BOND INTEREST AND REDEMPTION FUND The ordinances were approved for first reading unanimously by roll call vote (MINUTE ORDER NO 77-191) � Consent Calendar MOTION Titles having been read, Counctlman Norris introduced the following resolutions and ordinances and moved, seconded by Council- man Rhodes, their adoption and adoption of the previously approved i ordirances and approval of all other items• -8- Reg Mtg. 8/22/77 �d &