10601069 CITY OF AUSTIN, TEXAS MINUTES OF THE CITY COUNCIL CITY OF AUSTIN, TEXAS Recessed Meeting October 07, 1954 2:00 Ρ.Μ. Council Chamber, City Hall The meeting was called to order with Mayor McAden presiding. Roll call: Present: Councilmen Long, Pearson, Thompson, White, Mayor McAden Absent: None Present also: W. E. Seaholm, City Manager; W. T. Williams, Jr.; City Attorney; Clifford Stohl, Assistant City Tax Assessor and Collector; City Tax Appraisers; and Chairman of the Board of Equalization. The Mayor stated that the meeting was called for the purpose of considering the appeals of taxpayers from the action of the Board of Equalization for the year 1954; and the following persons then appeared and were heard: - - MR. BEN H. POWELL, JR. 300 and 302 South Lamar Austin Truck Co., Service Station and one family dwelling. MR. JOHN COFER, Attorney, appealed the value of the land and not the improvements. He presented a statement from an Appraiser, Lloyd W. Payne, stating in his opinion the 1.78 acres should be assessed at $45,000.00 as against the City's assessment of $75,250. Mr. Cofer listed the income from this property at $7,980 per year; and would be only 8% if the total assessed value of $100,760 were true. A fair return on his property should be 10%. MR. JOE C. POWELL - 200 South Lamar MR. JOHN COFER represented him also. His contention, based on his Appraiser's affidavit, was this property should be assessed $40,000 for the 1.77 acres. (Confusion of the number of acres from 1.44 to 1.77 was cleared by Mr. Stohl's statement that this was a recomputation) Income from this property was $2,505 per year. Mr. Cofer did not think the sale of nearby property to KASH & KARRY GROCERY STORES for $90,000 was a fair standard to judge Powell's land as the Seiders family particularly desired this tract for a particular reason and were willing to pay an extra price for it. MR. M. L. EILERS, appealing the assessment at 1900 Elton Lane was not satisfied with the adjusted figure on the improvements nor the figure on the land. He paid $3,000 in 1946. He has 2 3/4 lots. 1070 1070 CITY OF AUSTIN, TEXAS = MR. O. ASHLEY accepted the value placed on his home at 1012 and 1012 West 32nd Street, but appealed the assessment on the property of MRS. MATHILDA ASHLEY, 1005 West 33rd, stating this was not revenue bearing property; was not commercial, and this was a hardship case. The 3 room box house was assessed at $620. MR. J. H. TALLICHET, JR., appealed the figures at 720 Congress Avenue, French Boot Shop. The tax increase was actually small, but he felt he should have what he believes to be a correct valuation of his property. Rent from this property was $500.00 per month; the area was so small, the property was limited to certain kinds of businesses. The Council decided to take all of these appeals and make a study of them and deferred action until October 28th. The Mayor announced the Council would hear the CHARLES N. ALLRED appeal on October 28th. The appeal of MRS. EDITH PETERSON was referred to the Tax Department for an adjustment to be made due to a 17' easement that runs down the east side of her lot, that was not included in the first calculation. The Council adjourned at 5:00 P.M., subject to the call of the Mayor. ATTEST: City Clerk bei Noly APPROVED Cad Mayor