E&R 1988-06-20
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MINUTES OF CONTINUED MEETING OF THE 1988 BOARD OF EQUALIZATION
AND REVIEW, JUNE 20, 1988
ASSEMBLY
A Continued Meeting of the 1988 Board of Equalization and
Review was held on Monday, June 20, 1988, at 11:26 o'clock A.M.
in the Assembly Room of the New Hanover County Administration
Building, 320 Chestnut Street, Wilmington, North Carolina.
Members present were:
Commissioner Jonathan Barfield, Sr.
Commissioner W. Albert Corbett, Jr.
Commissioner Fred Retchin
Chairman Nolan O'Neal
Members absent were:
Commissioner John M. Dolan
Chairman O'Neal called the meeting to order.
CONTINUATION OF REVIEW HEARING FOR COUNTRY CLUB APARTMENTS
Tax Administrator, Roland Register, gave background
information on the continued hearing stating after review of the
taxpayer's income statements, problems with revenue seem to be
related to personnel and management costs; therefore, he
recommends upholding the tax values of $15,366 per unit as
previously recommended.
Mr. Gene McLeod, Vice-President of the Southmark and
Wilmington Properties, commented on the current tax value
requesting a reduction from $15,366 per unit to $12,000 per unit.
He commented on a high turnover rate and destruction of property
by college students which has created a loss of eight units, and
requested the Board of E & R to take into consideration this loss
when assessing the value of the property.
Tax Administrator Register stated no information has been
received by the Tax Department that would allow the Tax Appraiser
to substantiate that eight (8) units were not usable as of
January 1, 1988; therefore, this should not be considered when
determining the tax value.
After a lengthy discussion by Appraisal Supervisor, Jim
Bethune, on the approach to value with no evidence to prove that
the appraised value is unreasonable, Commissioner Barfield MOVED,
SECONDED by Commissioner Corbett to uphold the tax values as
recommended by the Tax Department and instruct the Tax
Administrator to further review the information presented with
reference to the eight units. Upon vote, the MOTION CARRIED AS
FOLLOWS:
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4 4 MINUTES OF MEETING, JUNE 20, 1988 ( CONTINUED)
Voting Aye: Commissioner Barfield
Commissioner Corbett
Commissioner Retchin
Chairman O'Neal
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Absent:
Commissioner Dolan
ADJOURNMENT
Commissioner Barfield MOVED, SECONDED by
Retchin to adjourn the 1988 Board of Equalization
Upon vote, the MOTION CARRIED AS FOLLOWS:
Commissioner
and Review.
Voting Aye: Commissioner Barfield
Commissioner Corbett
Commissioner Retchin
Chairman O'Neal
Absent: Commissioner Dolan
Chairman O'Neal adjourned the meeting at 12:25 o'clock P.M.
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Lucie F. Harrell
Clerk
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