 Okay, so the first five properties we have are owned by Mr. Ribolini As I was writing these reports up. I comp them all out the same way. I've been doing I realized the Proposed assessments seem a little out of line I proposed to mr. Ribolini the the numbers that I'm about to give to you. He's in agreement that He feels these are fair numbers If these are voted on he will drop his appeal will Change the assessments on these and so the first one's going to be 107 Berry Street gotcha This is a three-story wood frame building built in 1890 I Don't know how much detail you guys really want me to get into about it, but it's a it's a C rated average quality home Given total depreciation of 33% When comped out to four similar properties You'll see that the assessment on this property is a hundred and thirty seven thousand dollars per unit With these multi-unit properties we tend to break it down at a value per unit So it is a little bit higher than the four similar properties that it's comped out to We talked a little bit last week with with the Jacobs properties about the three the three approaches To to value none of the ribolini properties have income Reported on them. So we're just using the the sale approach and the assessment so we're comping the Building out to similar properties as far as their assessments bill. So if you see down at the bottom of page two The assessment is at a hundred and thirty seven thousand per unit as we were just talking about When comped out to similar properties right up in in the same neighborhood You can see it's more in line to be at a hundred and twenty three thousand per unit So the conclusion on the last page will be the breakdown of what the current value is and Where I feel it should be and what Mr. Regan has agreed to It was so high to begin with what caused them to come up with four hundred and ten and what caused you to Drop it down to three sixty nine some of the issues are access They weren't able to get into a lot of Commercial a lot of rental units. So sometimes there's a difference in depreciation is a difference in condition When when we went through the first grievance process we had a hundred and Hundred and ninety three Appeals come through in a two-week period state statues States that we have to turn decisions around in 14 days So it's a little hard to give a full appraisal to every single one So some of them only get 10 or 15 minutes look at you know Everything kind of seems to be in line, but then as you start doing a fuller deeper look into them Then you start realizing yet is kind of out of line And also, I mean mr. Riblin his own property in Montoya for 50 years He knows real estate so he brought to my attention like these five seem kind of out of line. Here's why So what was the reason why which was a depreciation was it condition, you know, what? Yeah, these are depreciation. They were they weren't Comped properly to the neighboring properties So what what they were doing is they were comparing them to properties ever in better conditions. They get less depreciation Okay, that I Sort of have the same question about a lot of these because we know we go look at properties. Yeah, you know Where we have a hard time knowing what they're what they did You know with the condition all that what they started with the condition is that what you reduced it to yeah You'll see only the record part of the very fact that What the pre-appraisal contractor is giving them for depreciation, right? But what was it before it hasn't changed yet? I'll change that after the agreements have been made Okay, so we change that from 33% to yeah, it will adjust it down to to make it Yes, okay, so you're just increased you're just increase it increasing the depreciation based on physical condition Or is that all yeah, okay? And it's gonna be pretty much the same for all Any other questions So when you're so to make sure I call it when you're saying in the report total depreciation 33% that's just based on what They did and you're After you've changed evaluation Then that's the change yeah, we're gonna we're gonna raise the depreciation a higher and it's gonna give it It's gonna give it a bit of a reduction in value So higher the appreciation property is Sure, you've changed the appreciation because You felt the condition wasn't the same as it was before but all these properties. Yes, we're going to change it Okay, yes, okay This is what you're saying Bob. I think is that it seems like this is backwards picking a number and then setting the depreciation to make the number work, but But you want to make sure there's a Basis for that right let's what I was trying to figure out what the basis was for Changing the value based on comparable sales other properties Oh Just as soon you know each one is a separate property So it's removed in second discussion All those in favor signify by saying I All right The next one next property is 178 very straight because another three-minute building Built around 1900 it's created as a C plus or an average plus quality Again, this was measured by the exterior by the reappraise of contractor did not gain access to the inside We've come down to these four sales The the assessed value of a hundred and fifty four thousand dollars per unit on the subject property Is a little it is higher than the four that is compared to Again on the second page the year there was no income reported on this property When compared to neighboring properties as far as their assessed value again, they fall in that hundred and twenty three thousand per unit The subject property is a hundred and fifty four thousand per unit So my recommendation on this one Would be to lower the assessment from four sixty one three hundred Lowering it to a value of a hundred and twenty per hundred twenty thousand per unit or a total assessment of three hundred and sixty thousand dollars So it has to one of the things about the the reappraisals that everyone's got to be treated fairly and equitably So the biggest driving factor on this one is going to be equitable assessment because these two three the four equity comps That is compared to they're all neighboring properties and The the assessed the assessment per unit on those the hundred and twenty three is kind of the top end So you mean if we left him at a hundred and fifty four we would have to bring everybody else up to to make it equitable That makes sense This one is a Depeche appreciation unit This one's got this one has some unfinished if you look at the back of the record card So it has the same depreciation, but there's some unfinished to it In that same depreciation home, so that makes it less valuable I believe it was up on the second floor Another question, but did you get in to see these properties? I have not So the change was made based on what information the change is going to be made based on the equity comps and comparing it to the sales Okay, and you say before the equity with this place is in worse condition than the other ones But you didn't no one was in there to see it so some at some point you can see There's good records on my predecessor If and when he's been there, so as these As time goes on if he's if nothing has changed the whatever Condition it was in the last time somebody was there is left until it gets Respected so these are based on stored inspections Yes Matt just did the exterior of this one. Yeah Whether someone got into the building there is under that field activity you'll see that the first thing there was a grievance denial The second one is an inspection by Matt Krojewski. That's the the reappraiser contractor On 10-6 somebody measured and left the card John Gertin October 2018 The former sessor measured in and inspected the property so it's all based on historical data So it's measured and inspected means Got inside. I believe on this one. He saw I think he saw the The unfinished, but he didn't go through the apartments. Okay Any other questions? To approve this one Any discussion all those in favor Next one is a hundred there's 184 very sweet Current assessment is three three hundred thirty two thousand eight hundred dollars It's a two-year in the building both in eighteen nine The assessment breaks down to a hundred and sixty six thousand dollars per unit When compared to the five variables on page Falls out it falls above Current market value of these five sales again, there was no income reported on this property Equity comparisons to other two buildings In the same neighborhood You can see the subject like I said before is that a hundred and sixty six thousand per unit Equity comparables fall in the one hundred and thirteen to one seventy eight range Given the condition and comparables to the equity comps. I would recommend a Value of a hundred and forty three thousand per unit Or a total assessment of two hundred and eighty six thousand dollars and is this because you think that the this property is most similar or closest to the condition to 192 yes, and I'm curious about I should have thought of this earlier is is it possible to draw and it make any generality generalization about Price per unit in terms of how many units in the building Like is it is a building that has more units Other things being equal gonna be worth more per unit or less per unit or economy of scale Yeah, sometimes like so when you get into the the 15 unit on the comparables of 282 Berry Street When you get into bigger unit counts like that there tends to be some Smaller one bedrooms or studios so it can fluctuate. So it's not a real exact science But we're trying to get it into a window of roughly what it should be worth per unit Statutorily there is a fine of hundred dollars people don't report their income Per-proper people tend to be pretty good Understandably so, but the city did very well as far as collecting data So with all the Jacobs properties last week, we don't put in their actual numbers because it's all confidential But it's a it's all taken put into a spreadsheet. This one is I don't I'm not sure why they weren't reported on these properties Yeah Any other questions I'm feeling really uncomfortable about how low that assessment is given what we assess Ranch houses much further from downtown Much higher than this. Yeah, I think in this in these particular cases it's location so if you look at the the property record card in the first page You'll see that this is a traffic average So land values down here The assessments down Compared to one of the first ones we were talking about is up on terrorist Street Terror Street lots there anywhere between a hundred and twenty five hundred and thirty thousand dollars for their lots These are So the land value didn't change really on any of that when you're just changing the Condition, you know the land Since the last appraisal Since the appeal You didn't make any adjustments to the land value I haven't made any adjustments to these properties at all Right, right, but as your proposal to change the land value or change the only value No, no, no, Rosie was just asking why the difference Of the right pretty on berry street versus a ranch house out of town And it's typically the land, you know, it's more value. Okay And this bit And this particular land has doubled its value since last year since 22 Look at the property card. Well, you have the card from the year before Yeah, if you look um, if you look at the property record card in the front side where it says patriot from the top right hand corner Yeah, over about in the middle of the property, you can see the land values And it gives it's the historical data currently the the land on this particular Okay, I said I got it 31 5. Yeah, so you can see you can see the substance as they change too You can imagine I'm not sure But you can imagine if some neighborhood and In a very street might be that particularly my neighborhood where the neighborhood itself is getting to be A more attractive desirable neighborhood and The whole place would uh, we go up for that reason Okay, any other questions Is there a motion Any discussion Okay, it's carried 171 very street This is going to sound kind of repetitive, but these are all properties owned by the same owner. They're all You know, if he has a tendency for, you know, certain types of properties he likes it's going to the same problems Similar, you know similar recommendations This one's also a freedom of building built in the early 1900s Uh, graded as c plus or average plus for quality Typical depreciation of 33 Current assessment breaks down to 144 000 per unit When comped out to the the the four sales it falls above What these units are selling for equity comps on the second page Again, it's the same four comparisons because they're all in the same neighborhood Owned by the same property owner Their current assessment of 144 000 per unit falls above What is typical for that neighborhood of 123 000 So the recommendation on this one would also be 123 000 per unit or a total assessment of 369 000 So this you're saying that this is essentially This is roughly the same as 107 berries. Yeah, and the next one at 93. I mean, they're all you know, kind of like I said owned by the same Same property owner. He maintains them all pretty similar All right, is there a motion for questions Is there a second A little isn't there, so you can put it like I say I I Last one for mr. Berlin is 93 belly street again same neighborhood same Pre-unit pre-unit construction built in late 1800s Another c-plus or average plus quality Same depreciation of 33 percent Excuse me the current assessment is 142 000 per unit That also falls above the the four comparable sales shown on your on your sheet there Same equity comparisons same neighborhood same properties Current assessment of 142 000 falls above the the typical 123 000 So the recommendation on this one is to um to correct it to 123 000 per unit for 369 000 total assessment Yeah, please hired contracted appraisers or these the Equities that they picked or these that you missed mine. So what did they use? To determine the value. So when they did the reappraise that they use all sales so they're I mean, they're doing, you know, 2930 properties So some of them some of them can be off but what they they come they compiled 231 sales that happened between April 1 of 20 and April 1 of 2023 That's put into a database Then all these numbers are plugged in and it spits out numbers Sometimes they don't get into some of these so the depreciation's off a little bit So so they don't put in the same type of property in this major database It's just you select at the end They do so to find what the change is. Yeah. So what I'm doing is I'm I'm defending either The the current assessment or a recommendation of a new assessment and here's why it's just a little deeper dig into I was just wondering why they could be so far off on this number of properties By the same number. Well, I mean there's they did 3000 parcels So I mean they they can be off on some for sure The question this one has land value higher than any It's also The other ones 0.15 this is 0.25 Yes, you can also there sometimes there is a neighborhood change So as you're looking at that Land value is the xa which is a traffic average So sometimes it can be a change in the neighborhood too as neighborhoods change starting value for land changes too Well that I don't think that would reflect or not would be quite the same as others I'm more challenging that you get with the same 123 per unit that you get the ones we just looked at and they had a different land value Yeah, there's probably different sides of all the same Is this which one are we talking about? I understand whatever caused the land value I would think would be reflected in having a little bit higher assessment Do you understand what I'm saying? I mean if you're looking at the units are similar And yet one has at least $2,000 more land value. You think the assessments are not separately a little higher versus falling back to them The ones we just take all the other ones I don't understand I know what you're saying Yeah, what you're saying is that if If this property, if this building 93 very street Is exactly the same Or functionally the same Oh, I see what you're saying It's going to be a little different for sure But you got three in a row that you're assessing for 123 per unit Yeah, so I'm suggesting that we drop that down to 369 when I make the adjustments It's not going to be exactly 369 because of the difference in the land value Okay, yeah So what I'm saying is that the building that has $2,000 more land value might Eventually actually come in at 371 instead of 369 because there's another $2,000 So we're changing just the building value on here and the land value will stay the same So the overall assessment will be higher than what's listed on your Recommendation it should be it should be pretty close It won't be higher because they won't that's that's not the agreement that we have with the With the homeowner Our way, I mean we want to make sure we get this all right. Well, it seems like part of what's going on here is that There's just a compromise Being arrived at between the assessor and the property owner and The question is Does the board of civil authority think the compromise is Reasonable enough that we'll accept it Is the land And I'm sorry. I had a sheet. I forgot what he was asking for reduction For this last one for any of these He put out his own number, right I propose a number to to steve put out one. Yeah So eventually You know one day Steve may start selling some of these properties and then we'll have some Comparable sales of these these buildings that are Virtually identical to each other and that could have an effect on On the per unit cost of all of them Because there's all these five They're what they're three or four that are all coming in at 123 unit as soon as he sells one of them at 140 unit then That might trigger a review of all One of the other sales trigger things besides just his Well, I mean that's if we're basing it on sales not just what one person sells The other comparable sales Oh, I think that's another question. I suspect the answer is You could point to little differences between Some of these other properties. It's it'd be hard to point to very much of a difference between This whole set of properties on various I just feel uncomfortable when something has not been inspected at all Yeah, and numbers are being changed from copying them to something else who we don't even know it's been inspected or not But yeah, a lot of the a lot of the equity comms that were comparing to our other ribolini properties And some of them there was uh, one was a jacob's property too To the what jacob's okay What are you saying about me saying that this really Raised the question about the general Quality of the work of the contractor. Yeah I think we had the same issue with the less to the right place Okay, is there any other discussion and was there a motion to be made? Yeah, the ones I think motionally accepted Okay, we're a second Any discussion All those in favor signify by saying I All right next Uh The last one is a property at 26 Franklin street same situation as with the ribolini properties This one Did tend being formal grievance no changes were made As I started putting the report together and copying it out to Eight comparables Um, as you can see the assessment on this one is a hundred and seventy nine thousand per unit Um, and it seems to be falling above the 116 to 195 thousand per unit for Typical sales And do you have any sense for why that is? The assessment was too high. Why why why this came in it's so much higher than that Yeah, they just missed this one. They Believe they were inside on this one Yeah, this one was measured inspected by uh, james stewart Let's see. What did they have Appreciation seems to be fair on this one. Um, but when comparing it to what Units are selling for that are similar in condition It's it came in too high As you can see the five there I think Are lower for similar properties One question that I'm thinking oh, is this is this one unit of a condominium? It's a no it's a two It's a two clicks. Okay so In the comments here on the back page on Top center where it says currently used as a sfd single family ground Okay, but it does have a problem if you look right to the left of it there are two kitchens I see so they can use I mean they can use it however they want but it's still deep links Yeah, carry it Generally speaking does a single family home hold more value than a multifamily home typically? Yes Vice versa, so so if you were to So if they were to take out one of these kitchens Then we would comp it to single family homes and would it be worth more money then most likely? Yes Right and until I did a you know full appraisal and I don't know but typically yes because then it would be like a six bedroom house Yeah, okay What The use of it would make a big difference. Yes Um equity comparables up and down Franklin st. Paul Hillhead Again, it falls above the You know the the 155 to 160 170 range I think the 19 and 24 Because they're direct neighbors are a good comparison as far as equity comparables go So this one I would recommend a hundred and fifty five thousand per unit Or a total assessment of three hundred fifty eight thousand five hundred dollars I'm sorry pretend I'm not going to recommend the same number I mean they're too higher of one place I'm sorry and the comparable sales are actually too higher than them and one close. Yep It just seems like a big jump Can you look at the other ones? Like 160 And so to be clear the alternative is um If we say no, we don't accept this then that puts the person back into The appeal process of having to come in and make their claim and have a committee inspect Which would be tricky because then we also have our assessor Also, the gradient that's too high And then you get into a burden of proof things Yeah You can have the opinion they may not listen to you that's the You can't change it Well as a staff I'm I so I have a different perspective on it lately, but my perspective is Is that the you know that we're not here as assessors, but that we're here to um Mediate conflicts and defer to our professional assessor You know the burden of proof becomes on someone who has to come To make that case that we shouldn't listen to the assessor That our default is in the particular case where there's no conflict at this point That I would just my information would be just by just The assessment where there is no conflict In play Maybe a little easier to look at the assessment rather than the value the per unit value as well of the two comps on franklin street 19 and 24 The the equity the equity comparables Yeah, so if you look at the equity cost, so that's what the the assessments are of their neighbors If there's still two two that are right close Yeah, and they're Next door neighbors at 310 I think that what donna's saying is when it was at like 165 that would be back dab in the middle and now Yeah, and that's your right to absolutely that's and yeah, that's up to you If you guys if you feel that that's a better number, you know, if that's I was just told we can't make that number We can do whatever we want. Oh, you can raise it lower. Oh, yeah The conflict will be there's to get a huge reduction from our fee Yeah, I don't I don't think we can make a number here because the tax payer hasn't been here to make their case but what we can do is vote no on on the Agreement if if we don't think Is sensible and then That and then the case isn't resolved. It's still open for the person to make their case This is the number they see Yes That's correct. So they they were in agreement with the river leaning properties a condition or anything We can't ask them if what's the condition of the property Ah When's the last time you rehab the property? None of that is known Because there wasn't an inspector This one This one was This one was some of the others And there are building permits are logged on here if there are Permits filed for each property this one the only things can file this A rooftop pvr. A But you can't tell The other properties if there wasn't any work out. There's a permit filed. You'll be able to tell Even if there wasn't a stock there is that Building permits ready to produce judgment That's the Get a new roof. Do you have to get a building permit? I mean Just the asphalt like you're supposed to I don't But that the permitting process does help us to keep track of condition of problems, you know for sure So we have an option here we can take a motion to Approve this we I take a motion to reject it and and just vote on it either way I make a motion to approve it second All right, is there any discussion? Yeah These numbers seem very confusing to me and I'm having hard time wrapping my head around it And it's hard not to think about my own house Which is worth the same as what this is being proposed and I cannot I can't believe that But I also don't know that much real about real estate and And I and I think that the way that john put it is exactly right So that you know, we're not we don't have the assessment assessor expertise We're here to mediate conflict. We don't actually have a conflict in front of us The assessor says this is what it should be Right. I'm very comfortable deferring to the assessor's expertise here and just You know going with his recommendation Even though I think it's confusing and weird I Carry you're on the city council you should be used to confusing Sometimes it helps to if you have two properties you're looking at Feel free to call or email me and I can send I can send you these cards as you can see they're really they're really detailed Working Well, Donna, I think you're right. I think that that you've identified a real question that I'm not sure I've been looking a lot of numbers and comparing them because of our site this and so I want to look at these numbers and compare them I say it's not that kind of wet a little bit Well, anyway, but so my question but the point I'm going to get at No, we don't have to I'm getting at is that I'm not sure if the board of civil authority has to vote on A decision like this where the assessor Just decides to change The assessment I think that it's within the power of the assessor to simply Change the assessment and have and the property owner within just withdraw the appeal And I don't know that it even requires us to To be I really everything about this whole Session of going through this but the bca has been bizarre so far But my concern is just that we have some sort of affirmative Statement in the back of the grand list for the sense that it has already been recorded And there was a challenge that it seems like there's got to be something to fill that vacuum Well, and I think there's something might just be withdrawn based on Assessors change in the value But that's not where we are for these because they're these are on the agenda, but I think this is something else that we might Look for some legal advice on so I'll follow up on that Because because if there are if there are a number more just like this You can save everybody here a lot of time. Yep. Yep. Okay. We have a motion and a second All those in favor is there any further discussion? All those in favor signify by saying aye Now we have to report Why don't we do 11 river street first? The caribou property Yeah Everybody this year now is here at the first meeting right? Yeah I just wanted to hear about it as well Just to refresh people's recollection. This is the one where the It's a tiny contaminated property and the report says we should put it down to zero. Yeah Yeah So the motion is to approve it as a second for any discussion All those in favor signify by saying aye Aye Any opposed all right And The entrance and property on spring street Carrie you're here. I'm here. All right. Why don't you tell us about this? A little more to this one. Sure. So we inspected this property. We only inspected the outside We didn't go inside because the property owners Argument was that the land value was too high relative to the size of the building and to comparable properties so we looked at The other comparable properties that the landowner had that the property owner had provided as well as what the assessor had provided and We were We were not swayed basically We did not feel that they provided enough evidence to warrant changing it that there are That there are differences in the land value between Comparable properties, but that the overall assessment Of the comparable properties was similar and that it didn't really make a difference at the end of the day When you looked at the size of the building and the location and all of that so Our recommendation was to uphold Assessment as presented Okay, is there a motion? I wrote to accept the Second any discussion All those favor signify by saying aye any opposed All right, and we are done with our business for tonight We can Not adjourn, but what's the word we need to assess to our next