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s <br /> Board of Assessors Meeting Page <br /> Upcominq ATB Cases continued <br /> David Bailey stated that he has no problem with this case <br /> he has a noteworthy amount of sales comps. <br /> Daviel Bailey informed that United Church village is the only <br /> sizable case. Discussion followed. Upon question from Chairman <br /> Porter, Mr . Bailey affirmed that the property was researched and <br /> revalued a few years ago. The assessment seems reasonable to Mr. <br /> Bailey . . . the purchase price was quite low. However, if the <br /> sale was legitimate, the assessment will have to be adjusted. <br /> Upon comment from vice Chairman DeLory, Mr. Bailey informed that <br /> interrogatories were sent out a few weeks ago . * . a portion of <br /> the information was received just this afternoon the <br /> purchase and sale agreement consists of 100 pares which Mr. <br /> Bailey has not yet reviewed. However, this case will not be <br /> scheduled in September. <br /> David Bailey informed that Map 2 , Bloch 20 , owner Edith <br /> Frye,, a two acre lot very steep down to the water, had a F 1992 <br /> assessment of $142 ,000 and was increased to $168 , 900 in F 1.99 <br /> which was based on a nearly lot sale of $165 , 000 ; proposed <br /> settlement value, if agreeah�le to Board members , is $135 ,000 <br /> because -of the lower and more recent sales . Ma2 2 , Block 14 , <br /> with a house on it, has a current assessment of $121 , 000 ; before <br /> sale took place, assessment was X21.4 ,000 . Discussion followed. <br /> Mr. Bailey informed that the current assessment -on the subject <br /> property is $120 , 000 . Chairman Porter suggested a time be <br /> arranged to go out and look at the subject property. All <br /> reviewed the subject property appraisal card. Discussion <br /> followed. <br /> David Bailey pointed out that a property ' s value many tines <br /> changes with more current sales comps when the case is finally <br /> heard after three years . <br /> NEW BUSINESS: <br /> Notice of Retirement of Margaret Carmichael of Assessi.n <br /> David Bailey introduced Ms . Carmichael ' s letter of July 29 , <br /> 1994 , addressed to Marilyn Fara:ea, Personnel Administrator; the <br /> letter states notice of her resignation from Assessing Department <br /> effective September 2 ,, 1994 . (Copy of letter is attached to <br /> These Minutes . ) <br /> David Balley stated that Nis . Carmichael has leen a great <br />' employee never complains . . always does her lest . <br /> i <br /> i <br />