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Home My WebLink About1997-09-17 Board of Assessors MinutesOF]? Town of Reading m y 16 L,owcl~ Street r~o Ewa Reading, NIA, 01867-2693 1639: 1NC0 BOARD OF ASSESSORS FAX; (617) 942.9070 (617) 942.9027 MINUTES SEPTEMBER 17, 1997 MEETING WAS CALLED TO ORDER AT 6:30 P.M. APPOINTMENTS NONE. OLD BUSINESS 1. MINUTES OF PREVIOUS MEETINGS w AUGUST 11, 1997 AND AUGUST 26, 1997 AND SEPTEMBER 3.1997. 8/11/97 APPROVED 2-6-0. HOLD 8/26/97 AND 9/3/97 FOR NEXT MEETING. NEW BUSINESS 1. APPRAISER'S REPORT. SEE ATTACKED APPRAISER'S REPORT. 1. DAVID WILL SEND COPY OF LEGAL OPINION TO UNITED CHURCH HOMES OF READING AND REQUEST TO AMEND ITS P.I.L.O.T. AGREEMENT, THEY MUST SEEK STATU.NS. 2. NOTED COMMERCIAL RECOLLECTION. 3. REVIEWED A.T.B. CASES-APPRAISALS WILL COST $3000 AND WILL REQUIRE $485 TRANSFER FROM FINANCE COMMITTEE. CORRESPONDENCE NOTED. SIGNINGS 1997 M.V. EXCISE ABATEMENTS $2,253.72 PAGE 2. SEPTEMBER 17, 1997 MINUTES (CONTD.) SIGNINGS (CONTD..) 1996 M.V. EXCISE ABATEMENTS $192.52 UNAPPORTIONED BETTERMENT $599.53 RESCINDED 1993 M.V. EXCISE ABATEMENTS $7.81 END OF THE MONTH FIGURES AUGUS'T' 1997; LEVY OF 1997 R.E. ABATEMENTS $-17,671.26 1997 M.V. EXCISE ABATEMENTS $ 5,325.29 1996 M.V. EXCISE ABATEMENTS $ 714.69 GENERAL BUSINESS WAS CONDUCTED. MRS. MARY S. ZIEGLER AND MR. ROBERT I. NORDSTRAND WERE PRESENT AT THIS MEETING. NEXT MEETING SCHEDULED FOR WEDNESDAY, SEPTEMBER 24, 1997 AT 6:30 P.M. ADJOURNED: 8:10 P.M. ATTEST: s'1-2 ROBERT I. NORDSTRAND, SECRETARY Town of Reading 16 Lowell Street Readin, T'AA 01867-2693 BOARD OF ASSESSORS FAX: (617) 942-9070 , (617) 942-9027 TO: The Reading Board of Assessors FROM: David Billard, M AA DATE: 09/17/97 REF: Appraiser's Report 1. I left a message for Attn. Cheryl Blaine of Keegan, Werlin and Pabian. I. inquired on the status of the Board's request for a legal opinion on amending the United Church Homes of Reading, Inc PILOT. I have received a response which is attached. 2. Commercial recollection has focused on the area of south Main Street. The recollection has been completed throrgh the downtown area. 3. As you are aware, the Appellate Tax Board hearings for Oct. 29, 1997 are listed below. Interrogatories for the appropriate years have been issued to the income producing properties via Attn. Matthew Mitchell of Keegan, Werlin and Pabian. 1-15 Lakeview Ave FY1996 3,850,400 FYI 997 3,850,400 194 Sanborn Lane FY1996 366,800 FY1997 NONE 68+ Haven Street FY 1996 NONE FY1997 270,500 168 Belmont Street FY 1996 NONE FY 1997 267,900 V/" The case pending for The FYI 998 Tennessee Gas personal property value has been settled and withdrawn. The initial value committed to the Town by the J Commissioner of Revenue was 321,000. It has been revised to 300,200. 4. We have received a Bulletin from the Department of Revenue relative to the change in the exemption amount that will be granted to veterans. The current exemption for a veteran who has sustained a 10% or greater war related disability is $175. For FY1998, this exemption will be increased $75 to $250.00. All other applicable veteran exemptions have increased b y $75.00. The state reimbursement to the Town given this legislative change has increased $19,275; the total FY98 reimbursement for veterans is now $41,999. Total reimbursements for all exemptions in FYI 998 will be approximately $91,126. The Department of Revenue cautions that the FY1998 overlay amount may need to be adjusted to ieflect the change in this exemption. For FYI 997 the aggregate amount of exemptions charged to the overlay account was $171,759.33. With the increased exemption and the same number of applicants, the exemption projection for FY1998 will be $190,759. The overlay at a $400,000 figure would appear adequately fWaded. 5. The Classification Hearing for FYI 998 has been scheduled for November 4"', 1997. 6. I have received two quotes from Steve Gasperoni for appraisals to be prepared for both 1-15 Lakeview Avenue and 68+ Haven Street. The fee schedule was $1,500 for each appraisal. A reserve fund transfer of $485.00 will be necessary as the appraisal services line item is funded with $2515.00. 1 have prepared the request for this transfer. CC: Elizabeth Klepeis- Treasurer/Collector CC: Peter Hechenbleikner- Town Manager 97 WED 15:37 FAX KEEGAN WERLIN AND PABIAN KECOAN, WERLIN & PABIAN, LLP ATTU.gN9Y6 AT I..A`N 21 CUSTOM HOU8E STREET BOSTON. MAZSACHUSETrs o2I 10.3525 (e 1 r) 95 1-1400 Septemlxr 17, 1997 BY TELECt7PIER AND FMg., CLASS MAIL Mr. David Dillard, MAA Town Appraiser Town of Reading 16 Lowell Street Reading, MA 01867 RE: Peter Sanborn Place F Dear Mr. Billard: TEIECOP1ERSt (1517) 051. 1 354 td l 7) 05 1- 0+564 You have requested our advice concerning whether the Agreement Between the Tgym gf Reading and United Church Homes, of Reading, Inc (the "Agreement") dated December 28, 1981 can be revised, The Unit-A- Church Homes of Reading, Inc. ("United Church") has requested such a revision in a letter dated July 10, 1997 to the Board of Assessors. The Agreement was negotiated between United Church and the Town under the provisions of GI. c, 121A, Urban Redevelopment Corporations. Chapter 121A, Section 10 provides the following: "For a period of Been years after the organization of any such corporation, such corporation and all its real and personal property shall be exempt from taxation and from betterments and special assessments; and for such period any such corporation shall not be required to pay any tax, excise, or assessment to or for the commonwealth or any of its political s,.ibdivisions; provided, however, that [certain specif ed excises and sums inust be paid].. , ; and provided, further, that nothing in this section shall be construed to prevent any such corporation which enters into a contract undor section 1.4 from agreeing therein to make, or from nig pursuant thorcto, payrnonts in lieu of bettonncrits or special assessments X1002 87 WED 15:37 F.kX <~'i vp v WERLIN AND PABIAN 2003 Chapter 121A, Section 14 authorized the Agreement between United Church and the Town relative to the provisions requiring reimbursement to the Town for the cost of construction of a sidewalk, the installation of pedestrian crosswalks, two stop signs, and the painting of the center line and stop bar on the street. Chapter 121 A, Section 6A states that nothing in section ten shall prevent such contract (the Agreement) from further providing for such corporation to pay to the Town with respect to one or more years such specific or ascertainable amount in addition to the excises prescribed by Section 0, It accordance with this statutory authorization, United Church agreed to pay the amounts specified in the Agreement to the Town for a fixed period - 40 years. Neither the statute nor the Agp~erne it specifically provides that the fixed period may be shortened by amending the Agreement. However, under contract law, any agreement may be modified with the consent of all parties to the contract, unless such modification violates a statute or regulation, Accordingly, if United Church desires to change the tarms of the Agreement, they should provide statutory authority for amending the Agrecrnent. In addition, fw-ther rese tj must be done to ensure that amending tbo ---Agrccmcnt would not violatc any state or fcdcral laws, If you have any questions with regard to any of these matter, please don't hesitate to contact me at any time, uohes►lmadi»g~bitlardl .lu ale truly yours, ery . Blaine U: