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• They would still need to set up the system and review the <br /> properties so that they could collect those characteristics <br /> • That is the three year period <br /> • They could probably have everything done in one cycle, looking <br /> at going back on the sales for five years and looking at the <br /> tables. <br /> • It does not mean anything unless you have those kinds of <br /> characteristics flagged on the parcels themselves <br /> • They would need to do the review too <br /> Mr Price stated <br /> • The division has a commercial appraiser, they have the data in <br /> the computer. <br /> • It would only require going into the computer and setting up the <br /> parameters for the information and then pulling it forward <br /> • It is the same information that they are going to use in the <br /> future <br /> o Mr Sitko responded <br /> • No, they would not have the classifications for the various types <br /> of buildings <br /> • They do not have, for example, how many doors are on this <br /> particular parking terminal or building <br /> • They do not have that information on the units <br /> Mr Price stated that he understood <br /> Mr Sitko stated <br /> • They do not have proper information as to the number of rooms <br /> in the hotels which they have been trying to fill in <br /> • They are in the process of filling them in right now <br /> • Unless they have the appropriate income units of comparison, <br /> they are not going to come up with a decent value <br /> c Mr Price stated <br /> • He would end it there. <br /> • However, the division did come up with a sales ratio and said <br /> here is the sales ratio but it really does not mean anything <br /> Mr Sitko responded- <br /> • It was their first attempt and actually has some validity to it <br /> • It is saying that it can get better <br /> • It was the division's first attempt at it and prior to this no one <br /> ever tried it <br /> • They are dust following the recommendations of the IAAQ to <br /> expand their sales ratio reports <br /> c. Ms Wille asked Mr Hussey to weigh in on the matter <br /> Mr Hussey responded <br /> • He is hearing a willingness on the part of the County <br /> • They have a desire to have this additional tool to assist with <br /> appeals on commercial property valuations and they do not <br /> have a way to do that at the moment <br /> • They are at a disadvantage as Ms Wille pointed out. <br /> - 8 - <br />