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i <br /> rthw <br /> B~D X97 ~ n~~r11y/M1~ <br /> APPRAISALS 29 F~1 ~ 29 <br /> P.O. Box 666 Ceptein Cook, H®weil 96704 ~.~~l~l i <br /> <br /> Ph: [BOBj 328-8634 Fex: [BOB] 324-6718 COUNTY OF HAWA(~ <br /> January 28, 1997 <br /> Curtis Tyler <br /> County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> RE: County Buyout <br /> Puna Geothermal Properties <br /> Dear Curt: <br /> Please find enclosed an article which appeared in Pacific <br /> Business News. If this article is correct, the County is getting <br /> hosed on the appraisal fee. If the appraisal is for 19 homes, <br /> this equates to approximately $1,842 per property. If the <br /> appraisal is for 36 homes, this equates to approximately $972 per <br /> property. <br /> Z think if you check on the going rate for appraisals in <br /> that area you will find fees more in the $425 per property range, <br /> not considering a bulk discount for the number of properties <br /> being appraised. <br /> Thank you for allowing me to sound off on the waste of <br /> public moneys. <br /> Respec fully bmitted, <br /> ~ /J ~ <br /> rr}~R. B ird <br /> eal Est a Appraiser <br /> <br />