2012-10-23 BOR Meeting Minutes - Laserfiche WebLink

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William P. Kenoi QD Mayor County of Hawaii DEPARTMENT OF FINANCE - REAL PROPERTY TAX Aupum Center • 101 Pauahi Street • Suite No 4 • Hilo, Hawaii 96720 • Fax (808) 961-8415 Appraisers (808) 961-8354 • Clerical (808) 961-8201 • Collecoons(808)961-8282 West Hawaii Civic Center • 74-5044 Ane Keohokalolc Hwy a Bldg D, 2nd Flr • Kadua Kona, Hawaii 96740 Fax(808)327-3538 • Appraisers(808)323-4881 • Clerical(808)323-4880 October 16, 2012 WB Kukio Resorts, LLC c/o Christopher J. Muzzi, Esq. 1132 Bishop Street, Suite 2400 Honolulu, Hawaii, 96813 Nancy E. Crawford Finance Director Deanna S. Sako Deputy Director Re: TMK's: 3-7-2-016-002, 3-7-2-016-006, 3-7-2-16-007, 3-7-2-016-003-0019, and 3-7-2-004-0016. Case No. 19512, Case No. 19516, Case No. 19504, Case No. 19392, Case No. 19537, Case No. 19533, Case No. 19507, Case No. 19517, Case No. 19519, Case No. 19523, and Case No. 19525. The Golf Course Parcels: 002, 006, 007, 019, and 016 were assessed considering the current market conditions, the rental income, and the value of the surrounding properties, the current use, and the functional obsolescence of the improvements. Based on the current market analysis of subject property a downward adjustment was required for each parcel and the improvements to reflect the market conditions that are affecting subject property. Please see second and third page for the breakdown of the recommended assessment. If you accept this settlement offer, I would ask you or your agent to sign the enclosed copy of this letter and return it to me as soon as possible. It will be presented to the Board for approval. If you have any questions at this time, feel free to contact me by mail at Inava((r)co.hawaii.hims or by telephone at (808) 961-8276 Sincerely yours, Jaime Ortiz Nava Real Property Appraiser V Hmvai'i Count)' is an Equal Opportunity Provider and Enrplgver