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Mr. Santaniello reported that he had submitted Wakefield's information to <br />MADOR about two weeks ago. He expects to submit Reading's residential <br />information to MADOR tomorrow and Reading's commercial & industrial <br />information to MADOR sometime next week. <br />Mr. LeLacheur briefly updated the Board on some of the construction <br />activity going on around town, after which he left the meeting. <br />2. MINUTES OF PREVIOUS MEETINGN: <br />A copy of the draft minutes for the Board's June 11, 2013 meeting was <br />circulated on July 15, 2013. No changes were proposed. A motion by Mr. <br />McGrane seconded by Mr. Quinn to approve these minutes as written was <br />approved by a vote of 3 -0 -0. <br />3. TOWN APPRAISER'S REPORT: <br />Mr. Santaniello reported that the Residential portion of the FY 2014 <br />revaluation has been completed. The Board reviewed and discussed Patriot <br />Properties' "Analysis Report" and the Santaniello's accompanying <br />"Statistical Overview" at length. It appears that all of the statistical metrics <br />for residential properties fall well within MADOR's guidelines. <br />The Commercial & Industrial portion of the FY 2014 revaluation is expected <br />to be completed next week. Mr. Santaniello explained that sketches and data <br />imported from the CAMA system had to be manually verified and /or <br />corrected. The calculation of certain land values also had to be revised. The <br />Board reviewed and discussed a Patriots Properties' report which compared <br />the proposed FY 2014 values to the FY 2013 actual values. <br />Personal property will be assessed at $44.1 million, including $5.3 million of <br />new growth. <br />FY 2014 impact notices will only be mailed to property owners with out -of- <br />town addresses. Property owners having Reading addresses will be noticed <br />through the local media outlets and the Town Website. Timing is dependent <br />upon MADOR approval. <br />Assessing division staff will be made available to meet informally with <br />property owners who wish to discuss their new assessments on a first come, <br />first served basis. Details (where, when etc.) will be announced. <br />