4/28/2015 BOARD OF ASSESSORS Minutes

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° Town of Mashpee 9R�'nn�rii:E �� crT 16 Great Neck Road North Mashpee, Massachusetts 02619 BOARD OF ASSESSORS - EXECUTIVE SESSION Mashpee Town Hall — Tuesday, April 28, 2015 Assessor's Office Board Members Present: Gregg Fraser, Chairman Sheldon Holzler, Vice Chairman Paul Andrews, Clerk Also Present: Jason Streebel, Director of Assessing Chairman Gregg Fraser called the meeting to order at 6:06 PM. Gregg Fraser made a motion to add to the agenda a letter received from Mr. Machado of 20 Quinn Way as an item not anticipated for discussion, for reconsideration of his property abatement application. Paul Andrews seconded the motion. The motion was unanimously approved. Jason Streebel stated that the Board had previously reviewed Mr. Machado's abatement application for his property at 20 Quinn Way, and had denied his request. Mr. Streebel reported that Mr. Machado had purchased the condo unit from Mr. Borenstein unfinished, on July 14, 2014, at a price of $584,000. Mr. Machado felt that the property had been over -assessed at $596,000 as of Jan. 1, 2014 because the property was still unfinished. Mr. Machado is suggesting that the property should be valued at $475,000. Mr. Machado, a tax specialist, has threatened to go to the ATB with his case. Jason Streebel stated that the property had been assessed at the purchase price, and that the assessed value cannot be placed based on the additional work completed on the inside of the condo unit. Mr. Streebel stated his feeling that the market value on the unit as of Jan. 1, 2015 was not going to be less than what he paid for the unit on July 14, 2014. After further discussion, the Board agreed to reduce the assessed value to 96% of the purchase price, or $560,640. RE: Personal Porperty exemption applications listed on Report # 04282015 G. Jason Streebel was recommending approval of the applications on the report. RE: Mashpee Commons, LLC Real Estate Abatement requests for two parcels located on Jobs Fishing Road. Jason Streebel stated that he met with Mashpee Commons folks including engineers and some of their people from New York to go over the details of their requests. Phase I A, Parcel #74-20A-0, has completed a lot of engineering and site work necessary in preparation for building on the lot including taking down the hill in order to put in the infrastructure. If the Board agrees, Jason Streebel is suggesting that we give some token adjustments for FY 2015 and FY 2016 in view of all the topography and infrastructure work that has been done. For Parcel, #74-20A-0 the assessed value would be reduced from $5,480,800 to $3,562,500. For Parcel #74- 206-0, the adjustment would be from $1,827,900 to $1,370,900. Jason Streebel stated that Mashpee Commons is one of the Town's pet projects. The Board of Selectmen and the Town went out of their way to get the project going. The project will include infrastructures and roads that will be for public use. The appraiser has estimated that when the project is completed as of 1/01/2016, the property