Board of Review of Real Estate Assessments

BOARD OF REVIEW OF REAL ESTATE ASSESSMENTS CITY OF HAMPTON, VIRGINIA CHAIRMAN: David Richards VICE-CHAIRMAN: Asa Jenrette Jr. SECRETARY: Julianne Cyr MEMBERS: George C. Moore Sr., Carl Burt HEARING MEETING MINUTES June 17, 2021 8:30 AM - Veterans Conference Room Ruppert Leon Sargent Building I. Call to Order The meeting was called to order by David Richards. II. Roll Call Present: David Richards, Asa Jenrette Jr., Julianne Cyr, George C. Moore Sr., Carl Burt III. Reading of Minutes of Preceding Meeting The June 14, 2021 meeting's minutes were approved. IV. Unfinished Business V. Appeal Hearings 1 Case: FY2022 - 1000482 Owner: HOWMET CASTINGS & SERVICES INC C/O HOWMET AEROSPACE INC PIN: 1000482 Address: 1 HOWMET DR Assessment Office Review Recommended Decision Change Land $2,810,400 $2,810,400 $2,810,400 $2,810,400 $0 0% Improvement(s) $17,688,300 $17,688,300 $17,688,300 $17,688,300 $0 0% Total $20,498,700 $20,498,700 $20,498,700 $20,498,700 $0 0% The agent spoke before the Board. The appeal was made on the basis of Fair Market Value and Incomplete or Incorrect Data. A report for the Office of the Assessor of Real Estate was presented by Heather Shipe. Board Vote: The motion was made by Asa Jenrette Jr. and seconded by Carl Burt to affirm the current assessment based on fair market value. After discussion the Board of Review voted: Asa Jenrette Jr. Yea Julianne Cyr Yea Carl Burt Yea George C. Moore Sr. Yea David Richards Yea Page 1 of 4 2 Case: FY2022 - 7001355 Owner: FANNIE MAE & NOMAGON TITLE HOLDING I LLC PIN: 7001355 Address: 2220 EXECUTIVE DR Assessment Office Review Recommended Decision Change Land $1,400,200 $1,400,200 $1,400,200 $1,400,200 $0 0% Improvement(s) $8,872,300 $8,872,300 $8,872,300 $8,872,300 $0 0% Total $10,272,500 $10,272,500 $10,272,500 $10,272,500 $0 0% The agent spoke before the Board. The appeal was made on the basis of Fair Market Value. A report for the Office of the Assessor of Real Estate was presented by Trudy Clatterbaugh. The Board went into closed session for discussion. Board Vote: The motion was made by George C. Moore Sr. and seconded by Julianne Cyr to affirm the current assessment based on fair market value. After discussion the Board of Review voted: George C. Moore Sr. Yea Asa Jenrette Jr. Yea Julianne Cyr Yea Carl Burt Yea David Richards Yea Other Notes: Jay Adams, agent, participated electronically via Zoom. 3 Case: FY2022 - 7001880 Owner: HAMPTON ROADS III OWNER LLC C/O REALTA GROUP PIN: 7001880 Address: 22 ENTERPRISE PKWY Assessment Office Review Recommended Decision Change Land $824,700 NA $824,700 $824,700 $0 0% Improvement(s) $5,538,200 NA $5,538,200 $5,538,200 $0 0% Total $6,362,900 NA $6,362,900 $6,362,900 $0 0% Case Withdrawn Other Notes: Jay Adams, agent, participated electronically via Zoom. Agent withdrew appeal at hearing. 4 Case: FY2022 - 7001881 Owner: HAMPTON ROADS III OWNER LLC C/O REALTA GROUP PIN: 7001881 Address: ENTERPRISE PKWY Assessment Office Review Recommended Decision Change Land $123,500 NA $123,500 $123,500 $0 0% Improvement(s) $0 NA $0 $0 $0 0% Total $123,500 NA $123,500 $123,500 $0 0% Case Withdrawn Other Notes: Jay Adams, agent, participated electronically via Zoom. Agent withdrew appeal at hearing. 5 Case: FY2022 - 7001875 Owner: HAMPTON ROADS IV OWNER LLC C/O ACME EQUITIES LLC PIN: 7001875 Address: 521 BUTLER FARM RD Assessment Office Review Recommended Decision Change Land $873,300 NA $873,300 $873,300 $0 0% Improvement(s) $2,682,500 NA $2,682,500 $2,682,500 $0 0% Total $3,555,800 NA $3,555,800 $3,555,800 $0 0% Case Withdrawn Other Notes: Jay Adams, agent, participated electronically via Zoom. Agent withdrew appeal at hearing. Page 2 of 4 6 Case: FY2022 - 7003041 Owner: HAMPTON ROADS III OWNER LLC C/O REALTA GROUP PIN: 7003041 Address: 21 ENTERPRISE PKWY Assessment Office Review Recommended Decision Change Land $1,434,800 NA $1,434,800 $1,434,800 $0 0% Improvement(s) $6,176,400 NA $6,176,400 $6,176,400 $0 0% Total $7,611,200 NA $7,611,200 $7,611,200 $0 0% The agent spoke before the Board. The appeal was made on the basis of Fair Market Value. A report for the Office of the Assessor of Real Estate was presented by Heather Shipe. The Board went into closed session for discussion. Board Vote: The motion was made by Carl Burt and seconded by Asa Jenrette Jr. to affirm the current assessment based on fair market value. After discussion the Board of Review voted: Carl Burt Yea Julianne Cyr Yea Asa Jenrette Jr. Yea George C. Moore Sr. Yea David Richards Yea Other Notes: Jay Adams, agent, participated electronically via Zoom. 7 Case: FY2022 - 7001846 Owner: TYSINGER REAL ESTATE LLC ETAL PIN: 7001846 Address: 2712 MAGRUDER BLVD Assessment Office Review Recommended Decision Change Land $2,001,800 $2,001,800 $2,001,800 $2,001,800 $0 0% Improvement(s) $12,918,700 $12,918,700 $12,918,700 $12,918,700 $0 0% Total $14,920,500 $14,920,500 $14,920,500 $14,920,500 $0 0% The agent spoke before the Board. The appeal was made on the basis of Fair Market Value. A report for the Office of the Assessor of Real Estate was presented by Heather Shipe. Board Vote: The motion was made by Julianne Cyr and seconded by George C. Moore Sr. to affirm the current assessment based on fair market value. After discussion the Board of Review voted: Julianne Cyr Yea Asa Jenrette Jr. Yea George C. Moore Sr. Yea Carl Burt Yea David Richards Yea Other Notes: Jay Adams, agent, participated electronically via Zoom. 8 Case: FY2022 - 7002115 Owner: TYSINGER REAL ESTATE LLC PIN: 7002115 Address: 300 AIRBORNE DR Assessment Office Review Recommended Decision Change Land $738,200 $738,200 $738,200 $738,200 $0 0% Improvement(s) $809,400 $809,400 $809,400 $809,400 $0 0% Total $1,547,600 $1,547,600 $1,547,600 $1,547,600 $0 0% The agent spoke before the Board. The appeal was made on the basis of Fair Market Value. A report for the Office of the Assessor of Real Estate was presented by Heather Shipe. Board Vote: The motion was made by Carl Burt and seconded by Asa Jenrette Jr. to affirm the current assessment based on fair market value. After discussion the Board of Review voted: Carl Burt Yea Julianne Cyr Yea Asa Jenrette Jr. Yea George C. Moore Sr. Yea David Richards Yea Other Notes: Jay Adams, agent, participated electronically via Zoom. Page 3 of 4 VI. New Business Review of revised Board of Review By-Laws presented by Patricia Melochick, Sr. Deputy City Attorney. Edits needed. Board will adopt amended version at next regular meeting, which will be the education session and business meeting in 2022. All Board members term dates were discussed and the same members will be present on the Board next year. Meeting was adjourned at 11:02 am. Office of the Assessor of Real Estate 1 Franklin Street, Suite 602 | Hampton, Virginia 23669 www.hampton.gov/assessor | P: (757) 727-8311 Recipient of the Certificate of Excellence in Assessment Administration from the International Association of Assessing Officers Page 4 of 4