HomeMy WebLinkAbout1994-05-02 Board of Assessors Minutes~y OF)? £
Town of Reading
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16 Lowell Street
~o a Reading, MA 01867-11M93
639; INCOL~4~PP
BOARD OF ASSESSORS
FAX: (617) 942-9070 (617) 942-9027
ASSESSORS MINUTES
MAY 2, 1994
MEETING WAS HELD AT 6:30 P.M.
APPOINTMENTS
NONE.
OLD BUSINESS
1. MINUTES OF PREVIOUS.MEETING APRIL 26, 1994.
APPROVED. 2-0-0
2. APPRAISER'S REPORT.
ATTACHED. AN APPOINTMENT TO BE SET UP FOR MRS.
MELNIX OF 533 PEARL STREET.
NEW BUSINESS
v
CORREaPOND`Z1'C
SIGNINGS
1994 MOTOR VEHICLE EXCISE COMMITMENTS $244,772.64
1993 MOTOR VEHICLE EXCISE COMMITMENTS $ 7,195.51
1994.M.V. EXCISE ABATEMENTS $ 656.77
LEVY OF 1994 R.E. ABATEMENTS $ 100.14
GENERAL BUSINESS WAS CONDUCTED.
MRS. MARY S. ZIEGLER, CHAIRMAN AND MR. ROBERT I. NORDSTRAND WERE
PRESENT AT THIS MEETING.
ADJOURNED: 7:10 P.M.
ATTEST.
ROBERT I. NORDSTRAND
SECRETARY PRO-TEM
INTRADEPARTMENTAL MEMORANDA
TO:
FROM:
DATE:
RE F:
BOARD OF ASSESSORS
DAVE BILLARD
05/02/94
APPRAISER'S REPORT
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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