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MINUTES OF THE RECONVENED BOARD OF REVIEW MEETING <br />HELD MAY 10, 1993 <br />Jabbour stated if they are looking at this property as a potential <br />tear -down, one must include in the price the cost to raze the <br />buildings. <br />Hurr stated she could not believe anyone would tear the house down. <br />Charles Schoen, #09- 117 -23 41 0.009. <br />Mayor questioned the buildability of the lot. <br />Rolf Erickson said if the owner would like to document the <br />unbuildability, the value could be reduced. <br />Mayor Callahan said assuming it is buildable land, he was not <br />dissatisfied with the valuation. <br />George Capp, 2080 Shoreline Drive #15- 117 -23 21 0006. <br />Mayor Callahan noted the Board at the previous meeting did reduce <br />• the value to the sale price. After review of the Assessor's <br />comments, he felt perhaps that was not quite right as the earlier <br />sales would indicate a higher value. He stated the Sheriff's sale <br />is a sale which the person is only interested in getting his money <br />back. <br />Jabbour disagreed as everyone is invited. <br />There was no change from the reduced amount. <br />Laurence Reardon, 3080 North Shore Drive, #09- 117 -23 32 0019. <br />Jabbour questioned the Assessor's feeling on this property after <br />review. <br />Erickson stated the owner compared his property to previous sales <br />on Lafayette Bay, of which two had been altered after purchase. He <br />said this house has been updated. <br />Jabbour noted the proximity to the marinas. He said at some point <br />updating is necessary, but that may not increase the value. <br />Erickson said if there is a substantial change in the house, the <br />value will increase. <br />Jabbour felt the value should be $380,000. <br />• All agreed. <br />3 <br />