E&R 1989-04-17
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MINUTES OF THE 1989 BOARD OF EQUALIZATION AND REVIEW
APRIL 17, 1989
ASSEMBLY
The 1989 Board of Equalization and Review met on Monday,
April 17, 1989, at 2:31 o'clock P.M. in the General Assembly Room
of the New Hanover County Courthouse, 24 North Third Street,
Wilmington, North Carolina.
OATH OF OFFICE ADMINISTERED
Ms. Lucie F. Harrell, Clerk to
Commissioners, administered the sworn
Commissioner E. L. Mathews, Jr.
the Board
Oath of
of County
Office to
Members present were:
Commissioner Jonathan Barfield, Sr.
Commissioner W. Albert Corbett, Jr.
commissioner E. L. Mathews, Jr.
Commissioner Nolan O'Neal
Commissioner Fred Retchin
ELECTION OF CHAIRMAN FOR 1989 BOARD OF EQUALIZATION AND REVIEW
Commissioner Barfield MOVED, SECONDED by Commissioner
Corbett to elect Commissioner Fred Retchin as Chairman of the
Board of Equalization and Review. Upon vote, the MOTION CARRIED
UNANIMOUSLY.
PUBLIC HEARING FOR RECOGNITION OF APPEALS
Tax Appraisal Supervisor, Jim Bethune, presented the
following known appeals received by the Tax Department stating
Public Notice had been given that appeals would be received
through this date:
1. Wilmington Property Associates & South Mark Corporation
Tax Map #R049-15-003-006-00A - Buildings only on land
of Wilmington Property Associates
Tax Map #R049-15-003-006=OOO - Land only - South Mark
Corporation
Known as: Colonial Parke Apartments formerly Country
Club Apartments
Assessed value of buildings & improvements
Assessed value of land
$3,260,070
323,400
$3,583,400
Total
2. Corning Glass Works
Tax Map #R049-00-002-001-000
Assessed value
$11,688,380
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Appellant represented by Mr. Glen M. Fandl of Inter-
national Appraisal Company has not furnished the Tax
Department any evidence to support a reduction in value.
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3. Mr. Frank A. Incerto
Tax Map #R054-11-008-008-000
Assessed Value
$200,430
Appellant came in on April 14 at 4:30 P.M. The appraisal
department has not had an opportunity to review the value
of property. Appellant states he paid $85,000 for the
property and requests an appropriate reduction. (Property
was purchased in August 1988.)
4. Diversified Management Group (Fountainhead Apartments)
Assessed Value $4,589,610
Letter from owner authorized firm of Easley, McCaleb and
Stallings to represent them. Complaint indicates fair
market value at $4,150,000 and purchase price in 1988 was
$3,915,000.
Chairman Retchin opened the Public Hearing asking if anyone
present would like to present an appeal. No appeals were
presented.
Chairman Retchin closed the Public Hearing.
MEETING SCHEDULE FOR HEARING APPEALS
Commissioner O'Neal MOVED, SECONDED by Commissioner Mathews
to schedule a meeting on Monday, May 8, 1989, at 10:00 o'clock
A.M. in the General Assembly Room of the New Hanover County
Courthouse. Upon vote, the MOTION CARRIED UNANIMOUSLY.
ADJOURNMENT
Commissioner Corbett MOVED, SECONDED by Commissioner O'Neal
to adjourn. Upon vote, the MOTION CARRIED UNANIMOUSLY.
Chairman Retchin adjourned the meeting at 2:37 o'clock P.M.
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Lucie F. Harrell
Clerk