4/21/1998 - Laserfiche WebLink

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I Director Keating noted that the Flinn property has 2 parcels and the assessment project was done in 1990. The assessment was to have been paid in annual payments with interest at 12%. Mr. Flinn did make 1 payment on each parcel in 1991 and penalties and other charges were imposed thereafter. The penalties have previously been waived by the Board. There is now a total due of $43,082.92, principal and interest. The penalties waived were almost $20,000. The sewer line increased the value of the property and 2 appraisals were done, both of which indicated consideration had been given to the utilities being available. Those values have been reflected in the purchase price that Flinn has agreed to. The purchase price is $1,353,550, split 3 ways in a cost -share with FIND and SJRVIMD. If the assessment and interest are forgiven, Mr. Flinn would benefit twice. The current option agreement, which has been extended several times, expires May 1, 1998. He also noted that the assessment lien must be cleared in order to deliver clear title to the property. Bob Flinn stated that the property had been under contract at one time for 1.6 million dollars and they do not feel they should pay the full assessment as there will be no need for sewer on that property. Commissioner Adams felt that the whole area would need to be reassessed in order to forgive Mr. Flinn's assessment which would have been paid by now if regular payments had been made. The sewer line is of value simply because it is there and that value has been considered in the purchase price. Mr. Flinn stated he had been told by Mr. Asher of the Utilities Department that if he wrote a letter, he would not be penalized. However, he is willing to pay the original assessment. County Administrator Jim Chandler noted that the total amount due is $43,082.92 and that the Board in February had eliminated $24,882 in penalties. The contract states that any outstanding liens are to be extinguished by the owner. Commissioner Adams had a problem with forgiving the interest because the Board has been unable to forgive interest on assessments for taxpayers who are really destitute because of the problem of setting a precedent. She assured Mr. Flinn that she did sympathize with his problem. MOTION WAS MADE by Commissioner Adams to lower the interest rate to the current rate of 8.5%. MOTION DIED for lack of a second. APRIL 21, 1998 -62- 40 0