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William Wyatt <br /> 4235 Sixth Avenue North <br /> 31-118-23 12 G1G�13 Mayor Butler asked Hilk to repert on the revaluation of <br /> this property . Hilk stated the 1983 market value had <br /> been $118 , (�f� and the recommended value after the <br /> review is 5113 , 4��1 . MGt.1GC) by Hammerel seconded by <br /> Adams to accept the 1983 recommended value cf <br /> $113 , 4g� . Motion , Ayes ( 4) , Nays (a) . <br /> Jose Torres <br /> 274H White Oak Circle <br /> (�4-117-23 42 0Q19 Mr . Torres had stated that he would nct be able to attend <br /> this meeting and would like tc be notified of the <br /> results of therevaluaticnby mail . Hilkstated there <br /> was no change in the 1983 market value of $197 , 6�1� and <br /> Mr . Tcrres had been notified by mail . Moticn by <br /> Butler to adopt the 1983 market value of $197 , ti01� <br /> seccnded Hammerel . Motion , Ayes ( 4) , Nayes ( �I) . <br /> Mrs. Crear <br /> 3�01 Shoreline Drive <br /> Casco Run Offices <br /> 20-117-23 2� 9033 Mayor Butler asked theAssessorwhattheresultsof the <br /> revaluaticn of this property were . Hilk stated that <br /> the value cf $ 281 , �4�� had not changed . `I"his value was <br /> based on cost of constructicn and not on income . The <br /> building is new and has no history cf rental tc use as a <br /> baseforinccme . Motionby Frahmseconded by Hammerel <br /> to accept the ]_Q83 market value cf S?.81 , OC��J . Motion , <br /> Ayes ( 4) , Nays (C�) . � <br /> David Bie <br /> Village Professional Building <br /> 3496 Shoreline Drive <br /> 17-117-23 43 0PJ91 and <br /> 17-117-23 43 0H92 Mayor Butler asked if Mr . Bie had talked with Mr . Benson <br /> of the County Assessor ' s staff . Bie stated they had <br /> met cn Thursday of last week . Butler asked Hilk for <br /> the results of that revaluaticn . Hilk stated the <br /> value had been $67 , 2C70 on each parcel (tctal value <br /> $134 , 41�d) . The new recommendation is $65 , �d6 on each <br /> parcel (total value $13(� , (��d) . Bie stated the total <br /> cost of construction and the purchase price of the 2 <br /> lcts amounted to 588 , 737 . Checkiny the cost of <br /> construction materials I find they have increased an <br /> average of 5 . 45o per year . Applying 6 . 45� inflation <br /> per year I estimate the value should be S1f�7 , �138 . The <br /> Mayor instructed the Board that they have the power to <br /> reduce the 1983 market value over the recommendation <br /> of the County Assessor . Monk told the Board that the <br /> appraiser had placed on the property a cost approach <br /> value of $135 , 5�1� , income value of $132, 8�1(� and market <br /> approachof $127 , 18� on this total property . These 3 <br /> values were then correlated , considering all of these <br /> page 2 of 6 <br />