The
Kay County Equalization Board met in special session on
Chairman
Cary called the meeting to order. Those
present were as follows: Floyd Harden, Vice-Chairman;
J. C. Estes, Member; Carol Purdy, Kay County Assessor; Ron Colberg, Kay County
Assessor Deputy; Dr. David Pennington, Superintendent Ponca City Schools;
Sharon Rowen, Ponca City News; Tammy
Reese, Secretary/Kay County Clerk (see sign-in sheet).
Motion
was made by Harden and seconded by Estes approving special meeting minutes of
Formal
Appeals to the Board were heard from the following on
Mr.
Robert Cox spoke on behalf of Tyson Foods; Mr. Cox discussed the Summary of
Sale Value stating that without equipment furnishings and fixtures if sold
property could achieve a sales price in the range of $2 to $2.2 million. If Tyson placed deed restrictions on this
facility it would limit the amount of possible prospects and expect to see a
sales price between $1.2 and $1.7 million.
If Tyson were to sell the property “without” deed restrictions and with
all equipment in tact could potentially see a sales price of $7-$8 million.
Mr.
Cox said he wanted the property tax reduced.
He mentioned the property being valued at $11,563,729 with 178,450
square feet for a value of $64.80 per sq. ft.
Cox said the asking price should be around $2.2 million which indicates
$12.33 per sq. ft.
The
Board asked if they had any prospects and if they would sell either way, with
equipment or without.
Mr.
Cox said there were no prospects at this time and they would sell either way
depending on the intentions of the buyer.
Ron
Colberg, Deputy Kay County Assessor Office, said he thought it was a fair
valuation mentioning property being lowered from $13,817.846 to $11,563,723 and
stating valuations have gone down in 2006, 2007 and 2008. Colberg noted since the development has
occurred new buildings have been built, two this past year. Colberg said the Assessor’s office extracts
land and miscellaneous building sizes vs. square footage. Colberg said the building is worth $9.2
million with the land valued at $252,000 and miscellaneous at $2,108,162;
Colberg said we deal strictly with market value.
The
Board took no action on this to allow time to review more thoroughly.
Motion
was made by Estes and seconded by Harden to sign the “Notice of Formal Appeal
Decisions” on the following (decisions made in
The
Board is consulting opinion from District Attorney’s office and no decision or
action was taken on Ms. Lou Ann Myrick.
Motion
was made by Harden and seconded by Estes to adjourn at
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Approved this_____day
of___________________, 2009.
__________________________________________
JOE
R. CARY, CHAIRMAN
__________________________________________
FLOYD HARDEN, VICE-CHAIRMAN
__________________________________________
J.
C. ESTES, MEMBER
ATTEST:
_________________________________________
TAMMY
REESE,
SECRETARY,
COUNTY EQUALIZATION BOARD
(SEAL)
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