Monday, May 24, 2010

Kay County Courthouse

Newkirk, OK 74647

 

 

The Kay County Equalization Board met in special session on Monday, May 24, 2010,

1:30 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, 2010, at the Courthouse front door, Commissioners Court, and basement handicapped entrance of the Kay County Courthouse in Newkirk, Oklahoma.

 

Chairman Harden called the meeting to order.  Those present were as follows:  J.C. Estes, Vice-Chairman; Joe R. Cary, Member; Carol Purdy, Kay County Assessor; Ron Colberg and Perry Ford, Assessor Office; Sharon Rowen, Ponca City New; Tammy Reese, Secretary/Kay County Clerk (see sign-in sheet).

 

Motion was made by Cary and seconded by Estes approving special meeting minutes of May 11, 2010.   Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

Formal Appeal hearings were heard as follows:

 

Mr. Brian M. Stephen (Long John Silvers/A&W):  Ms. Vondah Stockbridge, filling in for Mr. Stephens, requested taxes be decreased based on an “income approach” of said property.  She commented people are staying home more often to eat and company is seeing a decrease in gross sales as a result of the economy.  Ms. Stockbridge said the income approach is the most accurate.  She said the company is under a triple lease agreement paying for rent, taxes and insurance.

 

Carol Purdy, Kay County Assessor, said Long John Silvers owns the building and the assessed valuation is on the building only, not land.

 

The Assessor’s office presented comparisons in Ponca City on fast food restaurants and the total market value and found Long John Silvers total market value to be considerably less.

 

J.  C. Estes noted that the current market value is down around $9,000 and will drop again in 2011.

 

Joe R. Cary pointed out that management could make a difference in the income stream, but that has nothing to do with the building in operation.

 

Ron Colberg, Assessor’s office, said he does not agree with the “income approach” and presented an IRV and a Calculator Methods system.  Colberg said the estimate building is worth $376,104.

 

The Board asked questions to both parties involved and then discussed the economy and the effects.

 

Decisions on appeals were made as follows:

 

Ms. Betty Love:  Motion was made by Cary and seconded by Estes to sustain current market value; Board felt it was a fair appraisal.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

Mr. Douglas Brown:  Motion was made by Estes and seconded by Cary to sustain current market value, taxes were lowered last year and a new shed was added this year; Board felt it was a fair appraisal.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

Mr. Brock Massey:  Motion was made by Estes and seconded by Cary to sustain current market value, property upgraded and Massey’s problem was not with Assessor but having property listed in the flood zone, therefore, Board felt it was a fair appraisal.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

Mr. & Mrs. George Nix:  Motion was made by Harden and seconded by Cary to sustain current market value; Board felt it was a fair appraisal.  Motion carried:  Cary, aye; Estes, abstained; Harden, aye.

 

Mr. & Mrs. Robert Mittasch:  Motion was made by Estes and seconded by Cary to alter value to previous market value; Member Cary said there is definitely an environmental problem with midges and sewer.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

 

 

 

 

 

Elias, Books, Brown & Nelson (Tyson Foods, Inc.):  Motion was made by Cary and seconded by Estes to sustain current market value due to the fact that the current market value was reduced by $4,756,018.00 from the previous market value; Board felt it was a fair appraisal.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

Mr. Brian Stephen (Long John Silvers/A&W):  Motion was made by Cary and seconded by Estes to sustain current market value based on figures by methods of calculations; Board felt it was a fair appraisal.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

Motion was made by Estes and seconded by Cary to recess (2:57 p.m.) so County Clerk Reese could prepare for signing the Notice of Formal Appeal Decisions from the Kay County Board of Equalization.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

Motion was made by Cary and seconded by Estes to reconvene the special session (3:15 p.m.).  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

Motion was made by Cary and seconded by Estes to adjourn, 3:20 p.m.  Motion carried:  Cary, aye; Estes, aye; Harden, aye.

 

 

 

 

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Approved this_____day of___________________,          .

 

 

 

 

 

                                                                        __________________________________________

                                                                        FLOYD HARDEN, CHAIRMAN

                                                                       

                                                            __________________________________________

J. C. ESTES, VICE-CHAIRMAN

 

                                                                        __________________________________________

                                                                        JOE R. CARY, MEMBER

 

 

 

 

 

ATTEST:

 

_________________________________________

TAMMY REESE, COUNTY CLERK

COUNTY OF KAY, STATE OF OKLAHOMA

SECRETARY, COUNTY EQUALIZATION BOARD

 

(SEAL)

 

 

 

 

 

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