1. Abatement hearing-Info from Co and City

334 27 Circle S 346 27 Circle S Sholy Company 01-5450-00100-000 David Sholy 01-5450-00050-000 Recap 334 346 27 Cir S Page 1 of 2 Original Abatement Write-up Recap: - This property was included in a land review / reappraisal effort for the 2018 assessment year o Land values in this area were last reviewed in 2007 - The property consists of a storage yard utilized by a local landscaping company which adjoins this property to the east - All municipal and private services (sewer, water, electric, natural gas, etc.) are readily available to the site o A “Services” factor is typically given until underground public services and streets have been completed within an area o The subject plat appears to have been recorded November 1998 with a valuation of $21,000 until the 2007 reappraisal effort - Local unimproved land sales, exhibiting similar characteristics, were utilized in estimating land values on a per square foot basis of land area factoring for size, location, and other features o The land sales assembled are slightly dated but were the most recent available within the immediate area of the subject parcel with sale dates between January 2014 and October 2015 o The sales fronting 4 Ave S, 5 Ave S, 7 Ave S, Fiechtner Dr. S, and Westrac Dr. S provide a range in value of between $2.88 and $5.72 per square foot of land area  The land sales of similar size (approximately 42,000 square feet) provide indications of $4.06 and $4.71 (resale) per square foot • Located on Fiechtner Dr. S approximately 1.5 blocks south of the subject and provides a slightly superior location  Land sales along 4 Ave S provide indications of between $2.88 and $4.20 per square foot (approximately two blocks west of the subject) • Are generally larger sites by two to three times but provide a similar location • As a general rule, the larger the size the lower the price per square foot paid  Land sales along 34 St S, 5 Ave S, 7 Ave S, and Westrac Dr. S provide indications of between $4.20 and $5.72 per square foot (approximately three blocks southwest of the subject) • Are generally larger sites by two times and provide superior locations • Again, as a general rule, the larger the size the lower the price per square foot paid - Mr. Sholy attempted to buy a portion of former rail right-of-way at $3.94 per square foot o BNSF counter offered at $4.67 per square foot