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<br />. <br /> <br />~\ ~QU~e <br />~~'~ <br />C5 ~~~\ :0 <br />co (~,~:~ ~~ :z <br /> <br />\ ',.I' <br />~ ~~J <br />~~~ <br /> <br />1820 Jefferson Street <br />P.O. Box 1220 <br />Port TOWDsend, WA 98368 <br /> <br />James A. DeLeo <br /> <br />William S. Marlow <br /> <br />Richard A. Broden <br /> <br />MINUTES <br />APRIL 11, 2001 <br /> <br />William S. Marlow <br />Richard A. Broders <br />James A. DeLeo <br /> <br />Chairman <br />Vice-Chairman <br />Member <br /> <br />Chairman William S. Marlow called the meeting to order at 10:30 a.m. in the presence of Vice-Chairman Richard A. <br />Broders and Member James A. DeLeo. <br /> <br />APPROVAL OF MINUTES <br /> <br />Vice-Chairman Broders moved to approve the minutes of March 6, 2001. Member DeLeo seconded the motion <br />which carried by a unanimous vote. <br /> <br />DETERMINATION <br /> <br />Robert & Adele Lowe <br />41 Buckhorn Road <br />Port Townsend, WA 98368 <br /> <br />BOE: 00-104-LO <br /> <br />PN: 965800002 <br /> <br />After reviewing all the information submitted by both parties and conducting an inspection of the property, the <br />Board concurred that the steep ravine which runs through this parcel, negatively affects its value as indicated by the <br />appellant's purchase price. The purchase price accurately reflects fair market value of this parcel. Vice-Chairman <br />Broders moved to overrule the Assessor's determination of value and reduce it from $180,000 to $150,000. Member <br />DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of March 6,2001) <br /> <br />EQUALIZATION <br /> <br />Chairman Marlow explained that in the course of hearing a timely filed appeal (BOE#00-104-LO) submitted by <br />Robert and Adele Lowe, the Board discovered a condition that materially affects the valuation of the parcel under <br />appeal, as well as the adjacent parcel. A steep ravine runs through both parcels which negatively affects their <br />valuations as indicated by the purchase price of the appellant's property. The Board reduced the valuation of the <br />parcel under appeal, and feels it is necessary to equalize the valuation of the adjacent parcel in order to maintain <br />equity. Vice-Chairman Broders moved to equalize the valuation of the adjacent parcel #965800001 by reducing the <br />base land value to $150,000 to reflect fair market value. Member DeLeo seconded the motion which carried by a <br />unanimous vote. ( See above and also minutes of March 6, 2001) <br /> <br />Phone (360)385-9100 / 1-800-831-2678 Fax (360)385-9382 jellbocC@Co.jefferson.wa.ua <br />