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4. INTRODUCTIONS <br /> Introductions were made individually by all present. <br /> 5. APPROVAL OF MINUTES OF VAB ORGANIZATIONAL MEETING OF JUNE 24, <br /> 2015 <br /> ON MOTION by Vice Chairman Davis, SECONDED by <br /> School Board Member Searcy, the Board unanimously <br /> approved the Value Adjustment Board Organizational <br /> Meeting Minutes of June 24, 2015, as written. <br /> 6. APPROVE AND ADOPT THE SPECIAL MAGISTRATES' RECOMMENDATIONS <br /> AS THE VALUE ADJUSTMENT BOARD'S DECISION AND AUTHORIZE <br /> DISTRIBUTION OF FORM DR485V, PURSUANT TO SECTION 194.032, F.S. <br /> A. 2015 VAB RECAP <br /> ON MOTION by Vice Chairman Davis, SECONDED by <br /> School Board Member Searcy, the Board unanimously <br /> approved the 2015 Value Adjustment Board Recap, as <br /> submitted. <br /> B. SPECIAL MAGISTRATES' RECOMMENDATIONS <br /> ON MOTION by Vice Chairman Davis, SECONDED by <br /> Citizen Member Weise, to accept the Special Magistrates' <br /> recommended decisions. <br /> School Board Member Searcy referred to the Special Magistrates' Recommendations and <br /> their recommended reduction of$6,329,390 on Petition 2015-113. He wanted to know how <br /> the County could have missed the Just Value by approximately 30%. <br /> Manager Bruce Goodwyn, Property Appraiser's Office, explained that the property was <br /> listed for approximately $35 million, and that it was a difficult piece of property to value, <br /> because there were limited comparable sales. <br /> 2016 VAB Final Meeting for 2015 Tax Year Page 2 <br /> January 25, 2016 <br />