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HomeMy WebLinkAboutM082889S e<:n-; "/~/8P . JEFFERSON COUNTY BOARD OF EQUALIZATION A. C. DALGLEISH DAVID G. DOUGLAS ARCHIE BARBER, JR. JAMES A. DE LEO CHAIRMAN VICE-CHAIRMAN MEMBER ALTERNATE PORT LUDLOW DIVISION IV MINUTES A U GUS T 2 8, 1 9 8 9 MEETING RE: DIVISION IV OF PORT LUDLOW Those present from the Board of Equalization were Chairman A. C. Dalgleish, Vice-Chairman David G. Douglas, and Clerk Dierdrei Keegan- Whiteford. Member Archie Barber, Jr. was absent. Those present on behal f of the Assessor's Off ice were Assessment Operations Manager Jeff Chapman, and Senior Appraiser Robert Shold. The Board called this meeting with the Assessor's Office to receive guidance and interpretation on the divergence of sales values in Port Ludlow as a basis for valuation. Vice Chairman began the meeting with a history of the situation within Port Ludlow Division IV. Vice-Chairman Douglas; The basic problem was started in Division IV of Port Ludlow. This is that area to the southwest of all the view property. It's over on the back side of the hill, and it leads down and comes out on Osprey Lane at the new village down there in Port Ludlow. It goes from the end of Walker Way down to the village. There's a series of streets in there, and I believe there are 85 lots in that development, in that division. And of those 85 lots, there's something like nine that have home improvements on them right now. It's either nine or ten. I walked all through them the other day. Jeff Chapman; I think iT'~ 80 lots. David Douglas; Eighty lots, okay. Port Ludlow Division IV Minutes; August 28, 1989 Page: 2 Chairman Dalgleish: That's about nine lots have improvements, right? Douglas: Now the problem that we have is that these lots all have varied utilities throughout the whole area. They have water, sewer, telephone, power, and cable, and they all have paved streets. When the land was first developed in 1968, it was cleared, I mean they got rid of all the scrub stuff. They left the big trees, but they got rid of all the scrub stuff on it. So, in 1968 when they started this development, each one of these lots had a countryside view. They didn't have any mountains to speak of, they couldn't see any water. but they could see out over the countryside. Well, now, 20 years later, the natural alder scrub growth is about 25 or 30 feet high. so none of these lots have a view as such. Ah, two years ago... Dalgleish; Weren't we up there? Douglas: Yeah, we've been there two or three times. Dalgleish; But, weren't we up there the day we went to Marrowstone? Come back and went up? Douglas: Yes. Dalgleish; It was one house; up around? Douglas: Yeah. Daigleish: Alright. I know where you are now. Douglas: Okay. About three years ago there was a big ruckus went on and as a result of the ruckus, Pope Resources was compelled to continue with and expand the extension of their sewer system to incorporate a secondary treatment [plantj. And, they have spent approximately 2 1/2 million dollars on this sewer plant. Up until that time it cost $350 to $400 for you to make a connection on the sewer in the street at the front of your house. Now, it's $2000. Mr. Folquet of Pope Resources has just issued a letter that says if you pay the fee before December 31 you only pay 2000 but if you wait until next year you pay 4000. The particular petitioner, this year, in this area, has said that this in essence reduces the value of his property by $4,000 or $3,500 because it's going to cost him that much more than when it was priced out to make a connection to the sewer. Now this would be a pressure in itself, but we have some other pressures. Two years ago, or a year and a half ago, Pope Resources decided they were going to develop a new area in Port Ludlow on the south side of the bay, and they were going to plat it and bui ld houses and everything. And they decided that in order to expedite that, to raise the money to do this new area, to finance it; they were going to offer these lots which had been listed for $15,000 for a lesser price. In fact they went so far as to offer packages of lots, two, three, and four lots combined, for as little as $6,500 a lot. So, here we are, $4,000 more to connect the sewer, and $8,000 less valuation. He's actually offering the property for sale at these values in order to Port Ludlow Division IV Minutes: August 28, 1989 Page: 3 Douglas (continued): do it. Ah, hasn't had very many sales, by the way. And my understanding is that recently they've reviewed this decision, and have withdrawn it. And... Dalqlpish: In other words, they've reduced it from 15 to 9 [thousand] on single sales and then if you wanted to buy three or four lots, they'd come down further. Douglas: They come down to about $6,000 a lot. I don't think that we have any records of actual sales of those multiple lot packages at all. I don't think any of them sold. He's now changed his line of operation and he's going to clear the lot, a lot, and put a spec house on it and try to sell the house and lot in order to get this property moving. They have out of the 800 plus lots in the North Bay Development, they have something jn the neighborhood of 250 of them that are sold, or have been developed. The rest of them are still vacant, so there is a hell of a big area of land there that hasn't been developed in Port Ludlow. Well, the problem that we have as the Assessor and as the Board of Equalization is what the hell markets do we accept as values for revaluation one, and two, if we change the value of this one lot in Division IV, what do we do with the other 80 lots? Are we compelled to do equalization? A lot of these people paid $15,000 for these lots, they paid for a sewer connection, they've got a house on it. Jeff Chapman: Most of these lots SO~Q ~n '82, and they paid 17 and 20 thousand nothing's happened since then. the early 80's; for them. For 179; '801 whatever, Douglas: They've had practically no sales up there, in the whole Divisjon~ Dalgleish: Ask them the question. Douglas: Well, that's what we're waiting for. statement of the problem. I think that's the Chapman: There's been one resale that we've found, and it's resold for 14 thousand and we had it on for 15,500. All the $9,000 ones are from Pope, as he said. Robert Shold: But you can't necessarily throw out all the Pope sales, just because you've got Pope Resources as the original developer sale. These were offered on the market.. Douglas: . ..at fifteen five... Shold: ...at lower... 20ugl~~: ...and then they put it on the publication that, that... Shold: .. .at lower prices, where you could walk in, I could walk in, anyone could have walked in and bought the lot. And they only sold Port Ludlow Division IV Minutes; Auqust 28, 1989 Page: 4 Shold (continued); what? rush. Well those are the maps of the Division) Five or six of them. So there was no big ones that the appellant was... (looking at DalgleiRh; Did that 9,000 include the sewer connection? Shold: No, that's just the bare lot. Douqlas; No. That's the bare lot (referring to map of Division). Shold; I talked to one of the people that purchased one of them that was offered in this package for 20,000. It was, lot 23, 25, and 26. I talked to the people that bought lot 25, and they paid 9,000, I think it was, either that or 9,900. They're building a house on it. So, they didn't want the whole package, they just offered 9,000 for that lot; Pope accepted. They didn't want to have to pay more than one assessment, in other words, if you bought three lots, you had to pay three... Douglas: Yes...you had to pay three...I forgot to mention that. Dalgleish; Well, you gotta pay three sewer hook-ups? And three...? DOllglas; No, no, no, no, no. The covenants say. ..the covenants and restrictions of the Port Ludlow Maintenance Commission, which is the area governing body in that area, say that there will be a dues collected on each lot no matter who owns it. Dalgleish; So the guys got three lots and one house, he's gotta pay for three assessments from now on out. Douqlas: Yes. he has to pay And so that's If he takes a three lot package, instead of paying 150 $450 a year to the LMC [Ludlow Maintenance Commission]. why they couldn't sell them in packages cause... Dalgleish: That's pretty steep, isn't it? Douglas; Well it is, if you want, but if you want four or three lots, why it's... Dalgleish: Yeah, but, I know, but you're not really benefiting three times, I mean use of the Club facilities or whatever all goes with this 'cause your only a man and a wife shall we say. Douglas: But Chet...that's right, but, but the purpose was to have an equi table distribution of the cost of the Ludlow Maintenance Commission which provides security, the Beach Club, Kahili Park, the R.V. Park and all these services, and so they had to distribute it evenly. One of the things that is kind of unique in this situation, I think, is the fact that most developments like this, the developer has to pay the dues into the LMC if the lots aren't sold or until the lots are sold. But in this case, he didn't do that, instead he's Port Ludlow Division IV Minutes: Augnst 28, 1989 Page: 5 Douglas (continued): paying them for use of the Community Club for contracted. services to the beach, to the, to the development down there. So they're getting some compensation but they're not getting compensated for all the owner lots. And in the same token he hasn't.. .he in essence has not paid anything for all those undeveloped lots in terms of sewer connections and that's why they're short of money on the sewer system. By the way, the sewer and water system are a public util. .., are a utility company. They're not part of Pope Resources, they're a' independent utility company. Although you pay the bill to Pope Resources. Shold: My understanding it's a whole, ah, wholly owned subsidiary. Douglas: Wholly owned subsidiary, is. ..Pope Resources. Shold: So it is Pope Resources but it is a separate company. Douglas: It's a separate company. Right. Dalgleish: Okay. What'll we do? Chapman: One of the problems you have is you don't have a lot of resales and you don't have a lot of forfeitures; and I couldn't find any. Dalgleish: Right. Chapman: And, but on the other hand, what you do have is the only listings are all these Pope listings are around nine or ten thousand and they're having a hard time moving them at that. Douglas.: Yes. Dalgleish: Which tells you? Chapman: That they're definitely worth less than what we've got them on. How much less is a tough one to call. Dalgleish: How many would you say were involved? Douglas: 80, about 80 lots. Sholg: It's 80 lots, yeah. Dalgleish: 80 lots, and they're on at 15 now? Shold: Fifteen five. f:hapman: There js a range of va 1 ues. Some lots are bigger than others. Our ranges go from 15,000 to seventeen five. Seventeen five are these lower ones (referring to map of Division). Port Ludlow Division IV Minutes: August 28, 1989 Page; 6 Dalgleish; But you admit that they are at the present time over valued on your rolis. Now you've gatta. " Chapman; No question of that. Dalgleish; Now the question is, what is, what is fair? Shold: Yeah, that's the question. Are you going to accept the recent $9,000 ones which David has thrown some question on... Dalgleish; And even, and even they didn't sell too well. Shold: That's right, even they didn't sell all that, a ton of them... Douglas: But they are, they do represent market, that's the problem. If there were any sold, that represents the market for the area, as I understand it. So... Shold; Yeah, you can't argue with the ones that have sold, that's for sure, Douglas' That's right. Now, now the only other parcel that's been sold up there is the one across the street, across Osprey Lane, and that's a five or ten acre tract. Shold; Yeah, I think those are five acre parcels. Chapman: The one resale we had was a, was it 14 (referring to map of Division)? Shold: Fifty-four? ChaDman: Fifty-four, that's right, right here. Douglas: Yeah. Chapman; It's one of the bigger ones, that one went for fourteen thousand. Douglas; Yeah, that's, there's a house on it too; isn't there? Chapman: No. Douglas; Oh, there isn't? Shnld; That's, wai t a minute, that's... the house is up here (referring to map). ~hapman: So it may be that these bigger lots along the green belt are worth a little bit more than the rest of these, that's not what we had it broken out for. Port Ludlow Division IV Minutes: August 28, 1989 Page: 7 Douglas: This, this is, this whole area down here Chet, is, is a green belt natural preserve, permanent. Shold: Big gully (referring to map). Douglas: It's a gully, and the coyotes and bear and deer live in this whole area up and down here (referring to map). There's even cougar in here. They had one on the golf course here a few months ago. A cougar. Kind of startled the guy. Just as he went to swing the ball he saw this big cat cross the free fairway. Dalqleish: I doubt that it was a cougar. Douqlas: No, it was. sighted it the same day. course. He was moving. Hell they, it was, they had other people He came cuttin' right through the damn golf Shold: Well, there's some wild country out off of Teal Lake Road. Chapman: One of the problems you have here is all these people who didn't appeal are all down here in the early eighties six years ago and they paid twenty thousand for those lots. I don't know how they're going to react to a dramatic drop. Dalgleish: Well... D01jglas: Yeah, we have some very famous people down there, like Mr. Berg, that's so well known in the rhododendron business, he has, he's an airline pilot, he has, I think it's this one (points to lot on map) . Dalgleish: Is he in this mess that we're talkin' about? Douglas: Well, he's in this whole section; these lots right up here along the green belt I think should be considered a little different than the others. Chapman: They're larger. D01!lJlas: They're all larger and ah, and, and that's where most of the improvements are, is right along those cul-de-sac lots going up the hill. There's about four or five houses in one of those lots going up the hill. There's two.,. Dalqleish: What's does this say here? What's that say (referring to map)? Shold: One's Pope Resources and the one's another guy. Douglas: Okay, and then down two streets, two fairly good sized houses on fairly good sized lots, built by Californians, and they put some money in them; in those places. Port Llldlow Division IV Minutes: August 28, 1989 Page: 8 (Indistinguishable commentaries) Dalgleish; edge. Is this all woods here (referring to map)? Along the Douglas: Yes. this is all woods, along. along here. Dalgleish: Can you see anything when lookin' this way? Douglas: No. Dalgleish: This is all that brushy growth. Douglas: Yeah, it's all 20 to 30 foot high alders Dalgleish: Well. I don't know. guys that ah... Jeff what do you think? Your the Ch~pman: Well, Jack and I talked about it and Jack's opinion is they're probably '"fOrth.. .you know he would say, well let's, let's compromise and say twelve thousand, something in that range, something for all of the inner ones; and then along the larger lots along the outside you could have like fourteen which goes along with that sale that was fourteen five. Dalgleish: basis? You want to go along and knock it down on a percentage Chapman: But then the prob.... well no. we could just do them all at whatever value. Douglas: Before we make a decision Chet, if we're really gonna do it we've got probably another 100 or more lots with no view in Port Ludlow that have not been connected or purchased, but, or may be owned but they have not been improved. They are faced with this $4,000 deal next year. Do we expand our revalue into those areas? Do we have (to Clerk)? See if we have that Port Ludlow folder in our file there. I, I don't think we're in any problem in the areas where we have views, but in the areas where they don't have views, if we give these guys a reduction. aren't we going to have to. aren't we going to have to look at some other areas? Shold: Do you have an overall map of that? Douglas: Yeah, that's what we're looking for. There it is. They referred to the map and discussed the situations in the area in the other Divisions of Port Ludlow. The discussion continued regarding Division IV. ~hold: If you think about it, what you're talking about is a non- view lot with the amenities, sewer. water, whatever, and so... Port Ludlow Division IV Minutes: Auqust 28, 1989 Page: 9 Dalqleish: So these are all septic, these yellow, huh (referring to map markings)? Shold: Well, these, some of these... Douqlas: Some of these have been changed now. ~hold: Right, I think all these. Douqla~' There's, there's now sewer on at least this street and this street (indicating map), and I think on this one. Shold: Yeah, I think it was. . . Douqlas: Yeah 'cause there's a house being built there right now, a new house. ~holg: Right. Douqlas: But these up here, and these on this side of the loop here are all of that kind, and quite a few of these; no view, they're in the woods, and, and the dots were two years ago an indication of where the houses were built. There are more houses there now. But, we'd have to go through, ah, Division, I can't remember, this is.. .Division III and Division IV selectively picking the lots that are similar to this if we are going to "revaJ" where...I mean the people. Chapman: Didn't you say that Division III are basically nicer lots? Shold: I feel they're nicer lots, but that's, you know. ..my opinion. Chapman: Some of them do have views. Sholg: Well, you know, some of them have views and some of them are nicer lots. Do~las: Well and not only that, but Division III, most of it is not all this damn scrub stuff. Shold: Right. Douqlas: There's evergreens in Division III. Sholg: Number IV, I don't think there's hardly any evergreens left. Chapman: Well, you could just do IV, I would think.. .What's odd is there aren't more appeals. If the values are that far off, why aren't there more appeals, why aren't there more forfeitures or resales? Dalqleish: And they're probably a lot of them are people that haven't retired yet and they're still... Port Ludlow Division IV Minutes: August 28, 1989 Page: 10 Douglas: Well a lot of people bought this land on speculation and they don't even come on it and see it. Shold: That's the kicker, like Jeff said that out of those 80 there was only one appeal. That's interesting. Dalgleish: Well I don't know what to tell ya. I haven't the slightest idea. You know something's gotta be done, but what? Shold: It's the degree of... Douglas: Yeah. on this appeal, Well, one, I think we agree that if we do anything that we have to equalize at least the non.. Dalgleish: Is that the one we're talkin' about, Bruce? Douqlas: Yes; nOt no it isn1t; there was, its... Shold: Grobe. Douglas: Yeah, Grobe, he's coming up today, I think. Dalgleish: Comin' up where? Up here? Douglas: Yeah, we're going to be reviewing... Dalgleish: Oh, you mean his appeal, but he isn't comin' up. DOl1glas: No, no, no, no. We're, we're discussing his. ..and I thought we should have this discussion before we get into that? Dalglpish: Well, do you guys want to make your decision or do you want to have your conference with the boss. Shold: Well he's pretty much, I donna know, I felt like he said he felt 12,000 was what it.. .but... Chapman: We're not sure we agree with him, it's hard because there was no 12,000 sales. You know, everything we see is this, all listings, plus it's all Pope. Dalgleish: What percent of reduction would that be over a... Shold: Well, some of them would be different but, 'cause there's four, apparently four different lots. Chapm~n: Twenty-five percent reduction. Dalgleish: Well, now hasn't it? somewhere so you suppose you take, every lot has got a value Al right, supposin' that you, you got to arbitrarily, say, well let's try 25 percent. on it start Port Ludlow Division IV Minutes; August 28, 1989 Page: 11 Chapman: That's about what you're talkin' about overall. DalqlRish: Right, so then you go take 25 percent off of each one of them. Chapman: Well, except that our current valuation scheme is we have higher values down here and lower values up here and I'm not sure that's really...from the reason..., because of the scrub, it's like they're all worth the same no matter whether... Shold: Except maybe the ones on the green belt. Chapman: Yeah. And the bigger ones and maybe down in here. Douglas: Well most of those down in there are right in that last three are pretty well developed. Chapman: These last four, 'cause they paid the most for those, but I don't think our breakdowns really mean anything anymore. It might be better to just put them all on, instead of 25 percent, just put them all on except for the larger ones, at the same value. Dougla~' What did the Californian, what did the Californian pay for his lot on, what, three? Chapman: Originally? Dougla~: He just bought it a few years ago and now he's built a house on it. Chapman: Oh, I... Shold: Lot three? Douglas: Yeah. Chapman: I don't have it here. Douglas: Right here (points to lot on map). it's five; five~ Five. Excuse me, excuse me, r.hapman: I don't have it. Dougla~: There's a new house there. After further discussion on this lot, the assessment figures for each lot in Division IV of Port Ludlow were given by Jeff Chapman: Lots 01 18 = $ 17,500.00 Lots 19 - 40 = $ 16,500.00 Lots 41 - 73 = $ 15,500.00 Lots 74 - 80 = $ 15,000.00 Port Ludlow Division IV Minutes: August 28, 1989 Page; 12 Chapman: From the recent sales it doesn't seem like that really makes; it seems like they're all really worth about the same except for the larger ones along the green belt. And maybe number four here. palgleish: All right, take 20 percent off. Chapman: Sn . in percentage scheme, this case we really don't have to follow like in some cases where land values... the Douglas: I wonder what would happen if we took the current valuations in those groupings and reduced them by 20 percent? Shold; Except that, what we're saying now is that there's no Shold difference between this lot and this lot. The only ones that, that look like that, maybe...at least the larger ones.,. Further discussion and explanation was held regarding the assessed valuations. Dalgleish: Well what are you afraid of if you just took a 20 percent on everything there? Shold: Well I, nothing, except that I don't.. .then we're maintaining the same four-tier deal which I don't think is necessarily valid. Douglas: Are you suggesting that it should be two tiers? One valuation for this and another for that? Dalgleish: All the same price? Douglas: Yeah. Shold: They're essentially all... Dalgleish: Then you're going to find that some lot is on for this, and it's got something on it that's better than the other one. Shold: Well, you find that now. Some are better than others. More discussion on the potential method and amount of reduction was held. Dalgleish: Hey, we could kick this thing around forever, Why don't you two guys, or whatever, whoever's going to make a. .,let us know in a couple of days, what you're gonna do. Chapman: Well see, we don't mind, but we can.. .can change all eighty lots and we can just say, put them all on at 12,000 and the bigger ones on at 14. Or, put them all on at 10,000 and the bigger ones at 14, I mean at 12, right. Ten, twelve, which is more with... Port Ludlow Division IV Minutes: August 28, 1989 Page: 13 Dalgleish: originally, sayin'? The 12,000, the 12,000 lots are before for about 18, is that right? the ones that sold Is that what you're Chapman: Yeah. Dalgleish: The ones that sold for 18, drop them down to 12. Chapman: Right. But you see, we're still, base.. .we're still suspicious that the $9000 sales are not going indicative of what the value truly is. on a. . . we I re to be real Dalgleish: Alright, but you're not going to...you said... Chapman: Well, based on the sales, we could, you could justify 10,000 for those lots. I'm not sure we can justify 12 even though we suspect that they are worth more. Douglas' Do we think, you think that we should consider it at all, this increased cost of connection as to how much we're reducing? Chapman: Not really. Your, basically you have three or four sales that are low, which probably already reflect the fact that the people are buying it, knowing that they're going to have to pay more for sewer hook-ups. Plus, you don't know how many people are going to go for that $2000 deal. And you know, 4,000 is a lot, but it costs you that much to put a septic system in. I mean it's nothing dramatic, nothing really new... (indistinguishable) Dalgleish: septic. I'd sure as hell rather be on the sewer than on the Douglas; I, I have no idea what a new septic system would cost today, but I know it ain't seventeen hundred dollars or $2,000. Chapman: No. Shold; Depends on what you need. Chapman' So it. I'm at the, I'm sure that the fact that they're selling for $9,000 reflects the fact that the hook-up charge, utility charges, are going up. which is why they're a lot less than 18. That's one of the reasons. Dalglei~h: Yeah, I guess you can get a simple septic system in for 3,500 or 4,000 depending on the terrain. Chapman: And by the fact that we have one division on at 9,000 that doesn't have sewer? Or.. ,? Shold: No; they have sewer. Just, they're just non-view. Port Ludlow Division IV Minutes: August 28, 198q Page: 14 Dalgleish: do. Jeff, let us know in a couple of days what you want to Douglas: We don't have to do any equalization as a part of that petition do we? Dalgleish: No. No. Douglas: We could recognize that recommendation for equalization to Assessor in a couple of days. petition and then, the Commissioner, I then make a mean to the Dalgleish: Well, I would rather they tell us what they think they could live with. Douglas: I think that what to this is, Division III. three on sales? we need to know from you guys, in addition Do you have any information on division Shold: Those two that I mentioned a little bit ago (during non- transcribed discussion). I just looked real quick. The question then is where do you stop? No matter what Division a lots in, if its a non-view with the same situation, I think you will find that the prices that have been paid are probably in the same ball park. It doesn't matter if it is in Division... Douglas: If there are then, sales, they're probably lower. Shold: Right. You remember um, last year, the house, not too far from you (Directed to David Douglas), which was Archie Charawell's where he first... Douglas: Yeah. Shold: Yeah. That was under appeal, but the lot right next to it sold for 7,900. No view, sewer, water... Douglas: Nothing. Shold: So you're talkin' how many lots do you want to look at if you're gonna do it that way. Douglas: That's right. And, and the thing, thing that we're faced with is this map, wherever it is, is no longer valid in terms of where sewers are and sewers aren1t. And weld have to look at that. Chapman: But, hey, you're talkin' about other neighborhoods, right? DOllgla"': Right. Chapman: The appeals for this neighborhood here, this area here that's got the scrub allover that's growing up, that's losin' their views, I mean, like Bob's saying, how far are you going to carry it? Port Ludlow Division IV Minutes: August 28, 1989 Page: 15 Chapman (continued): I mean, there's different criteria, for what other areas are worth less. Douglas: Do you have, do you have Port Ludlow divided into neighborhoods by Divisions or what? Chapman: Pretty much. Dougla':'!.: It's pretty much by Division. Chapman: Um huh. Douqla'", probably do would Okay. So your neighborhood valuations in Division IV are under one Neighborhood Code number and all we would have to be to instruct to change those. Chapman: Well, we treat it as a neighborhood, but that was when we were first developing the program, so we haven't even got it coded as such. We've got land codes, but we don't have the neighborhood codes designed yet. But yeah, that would be what we would do. We would treat it as one neighborhood. Douglas: Yeah. Probably each Division would be a neighborhood. Chapman: Pretty much, I'm not sure, but area two we might do a little more with. . . Douglas: Yeah, yeah, there are several subdivisions... Chapman: Right, right. Douglas: Yeah. Well I think what we should do in this meeting is make an indication to the Assessor's office that we are seriously considering, ah, an equalization in Division IV of Port Ludlow and that we would appreciate any counsel that we can receive from them on...before we make that equalization adjustment. Chapman: on those is fair. The problem you've got is our feeling, is probably 10,000 lots and 12,000 on the bigger ones; is probably what we feel pouglas: Okay, unless you see some real...I think that you're I think that this area right in here because it's on a slope have something different than these which are fairly level. my personal opinion from walking it.., right. should That's After further discussion it was recommended that these valuations be considered by the Board: Lots 1 - 18 at $12,000 with the exception of the larger lots along the green belts, which are lots 1, 2, 8, 9, and 18 which would be on at $14,000. Port Ludlow Division IV Minutes: August 28, 1989 Page: 16 Lots 19 - 80 at $10,000 with the exception of the larger lots, 19, 30, 31, 40, 41, 53, 54, 67, and 68 which would be at $14,000. It was suggested that Division III be looked at and considered one lot at time if considered at all, since there isn't even one appeal in this Division at this time. There being no further information available at this time, the meeting was adjourned. It was requested that the meeting be documented and a verbatim transcription be provided. OTHER BUSINESS OF THE BOARD There being Determinations scheduled for this date, the Board convened to accomplish this business. The Minutes of the Orders of the Board are transcribed in a separate document of this date. APPROVED BY: DATE APPROVED~~~iZ?I)?t9j1 , 0-1 1 lv/ CHAIRMAN ~ ATTESTED BY~~~~~ D. GAN-WHI FORD DAVID G. ~".-(J5k~. ARCHIE . BARBER, JR., MEMBER