Friday, May 22, 2009

Kay County Courthouse

Newkirk, OK 74647



The Kay County Equalization Board met in special session on Friday, May 22, 2009,

2:00 o’clock p.m. in the Commissioners Court of the Kay County Courthouse in Newkirk, Oklahoma.   Notice of the meeting was posted on May 20, 2009, at the Courthouse front door, Commissioners Court, and basement handicapped entrance of the Kay County Courthouse in Newkirk, Oklahoma.


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 May 18, 2009, with corrections made on Commercial Property Kay County Hospital Co. LLC, Paragraph 11 as follows:  “The Board reviewed the cost and market value and it was assessed less than the purchase price; and the hospital made additions to the property.”  Motion to state to sustain current market value of $18,324.803.00.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.


Formal Appeals to the Board were heard from the following on May 22, 2009:  Tyson Foods, Inc.


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 May 18, 2009, meeting):  Mr. & Mrs. Donus Parker; Mr. & Mrs. Doug Brown; Commercial Federal % Bank of the West and Kay County Hospital Co., LLC.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.


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 2:35 p.m.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.






















Approved this_____day of___________________, 2009.











                                                                        JOE R. CARY, CHAIRMAN






                                                                        J. C. ESTES, MEMBER