PROPERTY APPRAISAL ADJUSTMENT BOARD
SEPTEMBER 30, 1987
The Property Appraisal Adjustment Board met on Wednesday, September 30, 1987, at 9:00 a.m., in the Board of County Commissioner's Meeting Room, Lake County Courthouse, Tavares, Florida. Members present at the meeting were: Commr. Thomas J. Windram, Chairman; Commr. James R. Carson, Jr.; Commr. C. A. "Lex" Deems; and Ray Newman, Lake County School Board. Others present were : Ed Havill, Property Appraiser; Michael C. Willett, County Administrator; Christopher C. Ford, County Attorney; and Toni M. Austin, Deputy Clerk.
PROPERTY APPRAISER - HOMESTEAD EXEMPTIONS
PETITION 1987-258 ROOSEVELT COOK
Mr. Ed Havill, Property Appraiser, stated that he had been requested to further review the above petition. He stated that the title to the mobile home had been executed by Mr. Cook, but had never been brought to the Property Appraiser's Office. Therefore, the title to the mobile home is still in the prior owner's name of Mr. Cooper. Mr. Havill recommended denial of the Homestead Exemption, because the records do not show that Mr. Cook owns the mobile home and land, as required.
On a motion by Mr. Newman, seconded by Commr. Carson and carried unanimously, the Board denied the request for Homestead Exemption for Mr. Cook, as recommended by Mr. Havill.
PETITION 1987-59 WALTER B. EGLI
Mr. Ed Havill, Property Appraiser, stated that he had been requested to further review the above petition. He stated that Mr. Egli had informed the Board that he was an alien, but could not present a"green card". Mr. Egli further informed the Board that his records had been burned at the Immigration Service. Mr. Havill stated that the papers in Mr. Egli's possession indicated that Mr. Egli's wallet had been stolen in 1976, and he had written to the Immigration Service requesting a duplicate "green card", and was informed that there were no records. Mr. Egli was under the assumption that his records were burned, due to a fire occurring at approximately the same time that he had made his request.
Mr. Havill stated that he consulted with his attorney, Mr. Gaylord Wood, and Mr. Egli will need to produce a "green card". Mr. Havill recommended denial of the request, but if Mr. Egli can produce a"green card" between now and three years, and a letter from the Immigration Service stating that he should have had the exemption January 1, 1987, he can go back and correct the tax bills for this year, next year and the year after.
On a motion by Commr. Carson, seconded by Commr. Deems and carried unanimously, the Board denied the request for Homestead Exemption for Mr. Egli, as recommended by Mr. Havill.
PETITION 1987-107 ROSA BELLE JONES
Mr. Havill, Property Appraiser, stated that he had been requested to further review the above petition. He stated that Mrs. Jones had an Order of Summary for Administration for title to the property, which had been altered with a pen, but it had been recorded. He stated that the document was checked with Judge Aulls, who had originally issued the Order, and was informed that the document was in order. Therefore, Mr. Havill recommended approval of the petition, due to the petitioner having had title to the property as of January 1, 1987.
On a motion by Commr. Carson, seconded by Commr. Deems and carried unanimously, the Board approved the request for Homestead Exemption for Mrs. Jones, as recommended by Mr. Havill.
PETITION 1987-286 THOMAS BEISLEY
Mr. Havill, Property Appraiser, stated that he had been requested to further review the above petition. He stated that, after investigating whether or not Mrs. Reisley had filed a renewal card on the old house or the new house, his records indicated neither had been filed. Therefore, Mr. Havill recommended denial of the petition.
On a motion by Mr. Newman, seconded by Commr. Carson and carried unanimously, the Board denied the request for Homestead Exemption for Thomas Beisley, as recommended by Mr. Havill.
PROPERTY APPRAISAL ADJUSTMENT BOARD PETITIONS
PETITION 1987-317 THROUGH PETITION 1987-323
Mr. Havill informed the Board that Mr. Tom Poole, Marvin F. Poer and Company, requested appearance before the Board, due to a mixup on the notification of appearance time before the PAAB Board.
Mr. Havill stated that the seven petitions had all been filed on the last day, September 14, 1987, with a letter going out of his office the following day by certified mail, requesting income statements. He stated that he had not received the requested information as of this date, nor had anyone representing the companies, appeared in his office to review the assessments. Mr. Havill stated that he felt each of the assessments are correct.
Mr. Tom Poole, representing Marvin F. Poer and Company, appeared before the Board to discuss his request for appearance, and his insistance for a hearing.
Mr. Chris Ford, County Attorney, stated that he could understand the confusion of his notification of a hearing, and that Mr. Poole did receive a letter indicating a specific time and date to appear, even though a change of time had been verified by phone.
Mr. Ford stated that he saw no reason why the Board could not hear his oral presentation, but Mr. Poole would not be allowed to present any detailed income information for the Board's review, since the Property Appraiser had not received it prior to the hearings. Mr. Ford stated that the income information could be supplied to Mr. Havill's Office at a later time, once the Board has taken action on the petitions. Mr. Ford stated that it would be less expensive to hear the oral presentation, than to subject the Board to a potential lawsuit.
On a motion by Commr. Carson, seconded by Mr. Newman and carried unanimously, the Board approved to reconsider previous action taken on Petition 1987-317 through Petition 1987-323, and to hear the oral presentation by Mr. Tom Poole.
PETITION 1987-317 RAND MANAGEMENT CO. - PEPPERTREE APTS.
PETITION 1987-318 RAND MANAGEMENT CO. - PEPPERTREE APTS. II
Mr. Poole stated that this petition involved 70 units. The assessed value is $1,359,190.00; actual income amount $731,882.00; with a fair market value of $1,249,855.00.
Mr. Havill stated that the complex had been built in 1979, with Peppertree Apartments II being built in 1981. He stated that he combined the two complexes, for a total of 105 units, for an average depreciated assessed value of $24.08 per square foot. Mr. Havill discussed three comparables to these apartments. He stated that, on a cost basis, he saw no problem with these assessments.
Mr. Poole stated that the assessed value of Peppertree Apartments II is $690,355.00; actual income amount $438,276.00; with a fair market value of $574,752.00.
Discussion occurred regarding the income, cost and market approaches to appraising property.
Mr. Havill stated that the Florida Statutes requires the Property Appraiser to consider all three approaches, but allowing the use of only one approach suitable for the property.
On a motion by Commr. Carson, seconded by Mr. Newman and carried unanimously, the Board upheld the recommendation of the Property Appraiser and approved the assessment, in the amount of $1,359,190.00, for Peppertree Apartments.
Included in the motion was approval to uphold the recommendation of the Property Appraiser for an assessment, in the amount of $690,355.00, for Peppertree Apartments II.
PETITION 1987-319 ROYAL AMERICAN - SUNNY HILL APARTMENTS
Mr. Poole stated that this petition involved 34 units. The assessed value is $977,235.00; actual income amount $499,543.00; with a fair market value of $812,436.00.
Mr. Poole stated that he used the income approach for these petitions, with the Property Appraiser using the cost approach.
Mr. Havill stated that the complex was built in 1983, and he used three comparables, for an average depreciated assessed value of $31.40 per square foot. He stated that he felt the assessment was correct as recommended.
On a motion by Mr. Newman, seconded by Commr. Deems and carried unanimously, the Board upheld the recommendation of the Property Appraiser and approved the assessment, in the amount of $977,235.00, for Sunny Hill Apartments.
PETITION 1987-320 PARENT MANAGEMENT CO. - GRIFFIN MANOR APTS.
PETITION 1987-321 PARENT MANAGEMENT CO. - CLERMONT SANDS
PETITION 1987-322 PARENT MANAGEMENT CO. - PALM BROOK APTS.
PETITION 1987-323 PARENT MANAGEMENT CO. - EUSTIS SANDS APTS.
Mr. Poole stated that the assessed value on the Griffin Manor Apartments complex is $900,215.00; actual income amount $594,000.00; with a fair market value of $698,657.00.
Mr. Poole stated that the assessed value on the Clermont Sands complex is $1,008,172.00; actual income would not support the property value; with a fair market value of $680,743.00, and an insured value by State Farm, in the amount of $971,000.00.
Mr. Poole stated that the assessed value on the Palm Brook Apartments is $1,199,305.00; actual income would not support the property value; with a fair market value of $856,904.00, and an insured value by State Farm, in the amount of $964,800.00.
Mr. Poole stated that the assessed value on the Eustis Sands Apartments is $1,460,944.00; actual income would not support the property value: with a fair market value of $883,771.00, and an insured value by State Farm, in the amount of $1,237,000.00.
On a motion by Commr. Deems, seconded by Commr. Carson and carried unanimously, the Board upheld the recommendations of the Property Appraiser and approved the following assessments:
Petition 1987-317 Rand Management Co. $1,359,190.00
Petition 1987-318 Rand Management Co. 690,355.OO
Petition 1987-319 Royal American 977,235.oo
Petition 1987-320 Parent Management Co. 900,215.00
Petition 1987-321 Parent Management Co. 1,008,172.00
Petition 1987-322 Parent Management Co. 1,199,305.00
Petition 1987-323 Parent Management Co. 1,460,944.00
MINUTES
On a motion by Commr. Carson, seconded by Mr. Newman and carried unanimously, the Board approved the Property Appraisal Adjustment Board Minutes of September 21, 1987, as submitted.
There being no further business to be brought to the attention of the Property Appraisal Adjustment Board, the meeting adjourned at l0:15 a.m.
THOMAS J. WINDRAM, CHAIRMAN
ATTEST:
JAMES C. WATKINS, CLERK
TMA/10-l-87