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MINUTES OF THE <br />2008 LOCAL BOARD OF APPEAL AND EQUALIZATION <br />Wednesday, April 16, 2008 <br />7:00 o'clock p.m. <br />White stated the process is that either the Assessor's Office can reduce the valuation or Mr. Hanning <br />could go before the County if he does not feel the decrease is enough. <br />Hanning requested the Assessor's Office visit <br />Murphy stated the system is not designed to res <br />like to see it, especially when the values start to <br />The Orono Board of Appeal directed the <br />and review his information. <br />31. Allen Kozicky, 1720 Shadywood <br />Kozicky noted he did not have sufficient time to <br />Kozicky noted his property is valued at $1.1 mil <br />purchased .in.2001 for $575,000. Kozicky indic,, <br />business for a number of years. Kozicky stated: <br />even faster rate than they increased, and that giv <br />are getting much stricter with financing. <br />property. <br />to the market place as quickly as people would <br />County Assessor to visit Mr. Hanning's property <br />PID #17- 117 -23 210019 <br />at together comparables for tonight's meeting. <br />in for estimated market value. The property was <br />;d he has been in the real estate /mortgage title <br />his view the market values are going to reduce at an <br />the current credit crunch, underwriters and lenders <br />• Kozicky stated he personally would not pay more than $800,000 for his property at the present time <br />and that there is going to be even more houses tat have ARMs coming due in the next couple of <br />years, which will hurt the market even more. <br />• <br />Kozicky asked what type of information he <br />Davy explained the process that should be <br />Assessor's Office. <br />PEOPLE SIGNED IN BUT DID NOT <br />1. Barbara Kreisler, 1650 Shadywood Roa <br />2. John Doleman, 1680 Shadywood Road, <br />3. Frederick Johnson, 4091 Highwood Ro, <br />4. Harold Albrecht, 4545 North Shore Dri, <br />5. Tom Kubalak, 2623 Casco Point Road, <br />6. John Fiztpatrick, 1710 Shadywood Roar <br />7. Dave Runkle, 2684 Casco Point Road,1 <br />8. Richard Kling, 2780 White Oak Circle, <br />9. Bill Anderson, 1408 Baldur Park Road, <br />submit to the Assessor's Office. <br />Davy recommended Mr. Kozicky contact the <br />PID #17- 117 -23 210014 <br />1D #17- 117 -23 210016 <br />PID #07- 117 -23 44 0011 <br />PID #07- 117 -23 310019 <br />D # 20- 117 -23 24 0032 <br />PID #17- 117 -23 210018 <br />) #20-117-23 24 0003 <br />D #04- 117 -23 42 0017 <br />D #08- 117 -23 34 0017 <br />PAGE 17 of 18 <br />