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BOARD OF EQUALIZATION CHAIR WOMAN DIANE HOWARD VICE CHAIRMAN IRA RUSKIN MINUTES BOARD OF EQUALIZATION DIRECTOR IAN BAIN CITY OF REDWOOD CITY DIRECTOR RICHARD S. CLAIRE 1017 MIDDLEFIELD RD. DIRECTOR JIM HARTNETT REDWOOD CITY, CA DIRECTOR JEFF IRA DIRECTOR MATT LEIPZIG ADJOURNED REGULAR MEETING JULY 27,1998 The meeting was called to order by Chairwoman Howard at 7:00 PM. ROLL CALL Directors Present: Bain, Claire, Hartnett, Ira, Leipzig, Vice Chairman Ruskin, Chairwoman Howard Staff Members Present: City Manager Everett, City Attorney Schricker, District Assessor, Ponty, Financial Services Manager Somers, Deputy City Clerk Bein, Art Balsamo, Volunteer Also Present: Charles B. Warren, ASA; Dorothy Cornelius, Acting Secretary for Redevelopment Agency. ---------------------------------------------------------------------------------------------------------------------- I. PUBLIC COMMENT None. ---------------------------------------------------------------------------------------------------------------------- 2. PUBLIC HEARING A. District Assessment Roll, 1998/99. Financial Services Manager Somers reviewed the Staff Report dated July 27, 1998; Subject: Submittal of Equalized General Improvement District 1-64 Assessment Roll, with the Board. This assessment is a special task levied on property owners in Redwood Shores for debt service on facilities and reclamation bonds. The debt service is distributed among the property owners based on assessed value of land and improvements based on appraised market value. The rate is going down because property values have risen. The bonds will be paid off in 2009. Mr. Warren was introduced and the Board members were informed he was available to answer any technical questions they may have. (510) At 7:05 PM, Chair Howard opened the Public Hearing. Mr. John Murphy, 421 Luff Lane, Redwood City, expressed appreciation for the opportunity to comment on this matter. He also thanked Brian Ponty, District Assessor (Finance Director), for his comments advising property owners of individual assessed valuations and for providing him with a copy of the GID 1-64 Assessment Roll. In addition, he thanked Ms. Judy Somers for her reply to one of the points raised on his July 6th letter to Council. This item was in regard to expenditures on Bair Island. He submitted a copy of his remarks for the record. Mr. Murphy said that he was appalled at the brevity and lack of information in the GID 1-64 Assessment Rolls, and expressed MINUTES BOOK NO. 57 Page No. 092