1994-05-02 Board of Assessors Minutes

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INTRADEPARTMENTAL MEMORANDA TO: FROM: DATE: RE F: BOARD OF ASSESSORS DAVE BILLARD 05/02/94 APPRAISER'S REPORT at ~r kYr li 'k Nr ~k ~k Yr ~r*Mr ~k ~4 ~k lk ~k ~Ar. YC Mr Yc ~r )k ~k~YC tk vr~Yr ~Y ~k Yr ~k ~tY~~k Y~ W ~Y~yC~*yr ~k Mr ~r Ys 7r Yt :~~~~k YS Yc rtYr ~k Yt i4 ~k W ~ak~~Ys 1. We have a request from Boston Mortgage Capital to estimate the tax liabilities of the Bear Hill Apartment Complex upon completion. I have estimated a value for the complex and potential tax liabilities. I am estimating the complex at full completion to be worth, contin- gent on 164 units, to be $10,536,540. x,0_1 2. Marshalls withdrawal has been received a d an abatemeVhd rocessed for FY1993 and FY1994. Given this settlem nt, we have 5 ng c ases a.~,. the ATB. As you know, they are Fazio Enterprises, Aa Associates, Burton Faulkner, Humpty Dumpty day School and The Lakeview Ave. Apart ments. We have not yet received a date to have these heard, so use have time to plan haw to proceed with these cases. 3. On a parallel note, we have not received any information to date from Attorney Feldman relative to the interogetories that were mailed to Mr. Iodice. Do we want to have Ron Kaczynski try to proceed with a dismissal or wait for the information. 4. Frank and I have completed 200 permits, we have approximately 150 left to inspect by 06/01/94. All of the new subdivisions and lot splits have been completed. 5.. We are in the process of updateing the Personal Property accounts for FY1995. 6. I have copies of the income and expense forms that are being prepared for mailing for FY1995. Any changes that you want to make can be made before the mailing. 7. I have received numerous questions relative to Johnson's Farm on West and the potentiality of selling and subdividing the area. Given that these properties are in Chapter 61A, there is a definate protocol that must be adhered to of it is going to be transferred and used for some- thing other than agricultural use. I am presently determining the rollback taxes for the three effected parcels. The letter I am draft-, i.ng can be distributed so everyone will be aware of the liabilities and requirements. cc . Frank Reen cc Beth Klepeis