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07/21/2021
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07/21/2021
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Last modified
4/28/2022 11:57:03 AM
Creation date
7/21/2021 11:44:33 AM
Metadata
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Meetings
Meeting Type
Value Adjustment Board
Document Type
Agenda Packet
Meeting Date
07/21/2021
Meeting Body
Value Adjustment Board
Subject
VAB Organizational
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"Note In the above chart - 1. Market Value is the Just Value of the parcel, not the 100% <br />Sale Price T Market Value anticipated at sale of thep°roperty. it should be noted that the <br />terms Market Value, Just Value; and Assessed Value maybe intermingled on the information <br />presented. The. Magistrate will clarify the 100% sale price (Market Value) versus Assessed <br />J Just Value and will not use the term Market Value when Just/ Assessed Value is intended. <br />Petition 2020-099, Dinari Hospitality; 9065 Americana Way, Vero Beach, Florida <br />33 38 03 000094000 00005.1. <br />Petition was filed on behalf of Dinarl Hospitality by.Nathan Mandler <br />Findings of Fact, <br />Proposed Findings of Fact: <br />A. List of Property Appraisers (PA) Exhibits/Witnesses: <br />The Property Appraiser was represented at the hearing by Billy Auton and Wayne Bibeau Indian <br />River County Property Appraiser. Additionally Mickey Umphery of the Property Appraisers office . <br />attended via zoom <br />Petition #2020-099 <br />-Summary of Testimony <br />-Letter to Petitioner <br />-Petition #'s and Parcel #'s <br />-Required Considerations by the Property Appraiser per FS 193.011 <br />-Subject photograph <br />-Subject aerial location map <br />-Subject location Zoning Map <br />-Motel Sales Summary (7 sales) <br />-Sale 1 location map and summary (Indian River County) <br />-Sale 2, 3, 4, 5, 6, 7 summary page for each (St. Lucie County) <br />-St. Lucie Property Identification card, Sales 2, 3, 4, 5, 6, & 7 <br />-Vacant. Land Sales Summary <br />-Subject aerial map, Aerial maps for land sales <br />-Vacant Land listing chart - three listings <br />-Vacant Land listing map <br />-LoopNet land listing information <br />-PA Proforma Income Analysis (no actual income) <br />-LoopNet Comfort Suite Listing, Jacksonville, for Cap Rate <br />LoopNet Red Carpet Inn Fort Lauderdale, Florida listing for Cap Rate <br />-LoopNet Quality Inn Conference Center Jacksonville, listing for Cap Rate <br />-Loop Net Comfort Inn Maingate Kissimmee, Cap Rate <br />-Cap Rate Trends, National Association of Realtors <br />-IRC PA Cap Rate Band of Investment, Built Up Rate Analysis <br />-Realty Rates Investor Surveys, Rates and Financial Survey <br />-Marshall Valuation Service Cost Analysis <br />-Impact Fee Schedule <br />-National Real Estate Investor, 2020 Hotel Suite information, Dec 16, 2019 <br />-National.Real Estate Investor Feb 10, 2020 New Development Project article <br />-59- <br />
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