1991-05-08 Regular MeetingKODIAK ISLAND BOROUGH
BOARD OF EQUALIZATION
May 8, 1991
A meeting of the Kodiak Island Borough Board of Equalization was held May 8, 1991, in the
Assembly Chambers of the Kodiak Island Borough Building, 710 Mill Bay Road. The meeting
was called to order at 6:38 p.m.
ROLL CALL
There were present:
absent:
L. Ann Barker
Vicki Case
Bill Roberts
Andy Cristaldi
Jim Carmichael
Tom Peterson
comprising a quorum of the Board; and
r Pat Carlson, Borough Assessor
Donna Smith, Deputy Borough Clerk
BOARD ORGANIZATION
ROBERTS,
seconded by BARKER
VOTE ON MOTION
MOTION CARRIED
moved to nominate Tom Peterson
as chairman.
Unanimous voice vote
MINUTES OF PREVIOUS MEETING
BARKER,
seconded by CASE
VOTE ON MOTION
MOTION CARRIED
moved to approve the May 8, 1990
minutes as presented.
Unanimous voice vote
Board of Equalization Page 1
May 8, 1991
ITEMS OF BUSINESS
Assessor Carlson was sworn in by the Deputy Borough Clerk. He explained that adjustments
to the assessments can be made prior to the Board's meeting.
A. Requested Adjustments
1. Woodland Acres Block 1, Lot 2A
Owner: Louis & Anita Scholl
The basis for adjustment on this property was that it was recently purchased by the Sholls, who
added a large addition to the original structure. The property was appraised in June of 1990 and
estimated to be complete as of the January 1, 1991 lien date with an assessed value for the
improvements of $135,900. A review during the appeal period indicated that the lower level
of the new addition was incomplete as of the lien date and the correct assessment for the
improvements should be $110,400.
Assessor Carlson requested the Board adjust the assessed value for the improvements located on
the referenced parcel from $135,900 down to $110,400 for the 1991 tax year, yielding a total
assessed value for the subject of $166,200.
2. Monashka Bay Block 7, Lot 14A
Owner: David & Kathryn Oberg
The basis for adjustment on this property was that the property was improved with a single
family residence, which is currently rented. After the purchase of the property, the Obergs
found their well to be polluted by hydrocarbons. Agencies were interviewed to confirm the
degree of impact and to determine a reasonable estimate for the cost to cure the problem. A
discounted cash flow analysis with the cost of cure capitalized into the formula as an expense
item was conducted. The analysis indicated a fair market value and reasonable assessment as
of the lien date for the total property of $106,400.
Assessor Carlson requested the Board adjust the assessed value for the improvements located on
the referenced parcel from $101,900 down to $77,600 for the 1991 tax year, yielding a total
assessed value for the subject of $106,400.
3. Larsen Bay Block 19, Lot 8
Owner: David & Kathryn Oberg
The basis for adjustment on the property was that the parcel was appraised in August of 1990
and numerous additions were found to be on the property. Assessor Carlson did not have the
opportunity to complete an interior inspection of the buildings and assessed them as complete.
Conversations with the owner were sufficient enough to verify that both cabins had a lack of
interior finish. The overall grade and interior components were also incorrectly appraised.
Assessor Carlson requested the Board adjust the assessed value for the improvements located on
the referenced parcel from $25,000 down to $15,400 for the 1991 tax year, yielding a total
assessed value for the subject of $20,700.
Board of Equalization Page 2
May 8, 1991
4. Onion Bay Township 24 South, Range 24 West
Section 28, Tax Lot 28-01 Seward Meridian
Owner: James, Doris & Dennis Starr
The basis for adjustment was that Assessor Carlson appraised the property in June of 1990 and
found a new cabin. The building was of average grade and considered to be complete as of the
lien date. Information provided to Assessor Carlson by the owner indicated less interior finish
than allowed for in the appraisal. It was also found that the locational obsolescence allowed for
the remote location of the property was not applied.
Assessor Carlson requested the Board adjust the assessed value for the improvements located on
the referenced parcel from $34,800 down to $23,300 for the 1991 tax year, yielding a total
assessed value for the subject of $43,300.
ADJOURNMENT
Donna F. Smith, Deputy Borough Clerk
Board of Equalization Page 3
May 8, 1991