2. Tax Equalizatn Bd reconvened - Laserfiche WebLink

Date: June 25, 2004 To: Frank Klein, Cass County Director of Equalization From: Wanda Wilcox, City Assessor RE: Valuation of 1050 - 1102 Center Street Edward Fereuson -1050-1102 Center St. West Fareo - Parcel # 02-0860-00035-000- Recommendation: Reduce overall valuation to $395.000 as aereed upon hv the Citv of West Fareo and Edward Fereuson. Edward Ferguson appeared before both the West Fargo Board of Equalization on April 13th and the County Board of Equalization on June 7th. His property is part of a four year mass reappraisal plan of all commercial property in West Fargo. At the time Mr. Ferguson appeared before the County Board of Equalization, the City of West Fargo was still reviewing the 2004 value as protested at our April 13th meeting. A review of the reappraisal has been completed. Mr. Ferguson has two pole barn structures being used for manufacturing. The quality of the manufacturing buildings is not on the same level as typical manufacturing buildings. An agreement has been reached between Mr. Ferguson and the City of West Fargo to reduce the value of his property from $476,400 to $395,000 for 2004. The City of West Fargo is requesting that the County Board of Equalization reduce the property valuation of this parcel from $476,400 to $395,000 for the 2004 assessment year. The $395,000 valuation has a commercial lot value of $63,400 and a commercial structure value of $331 ,600. If you have any questions or concerns regarding this information, please let me know. The telephone number is 282-3843.