CITY OF AUSTIN, TEXAS 10 MINUTES OF THE CITY COUNCIL CITY OF AUSTIN, TEXAS Special Meeting December 17, 1976 2:30 Ρ.Μ. Council Chambers 301 West Second Street The meeting was called to order with Mayor Friedman presiding. Roll Call: Present: Mayor Friedman, Mayor Pro Tem Snell, Couniclmembers Hofmann, Linn, Trevino Absent: Councilmembers Himmelblau, Lebermann Mayor Friedman stated that this was a called Special Meeting of the City Council for the purpose of hearing tax appeals from the Board of Equalization. Mayor Friedman stated that the following tax appeals had been WITHDRAWN: 1976 Value by Board of Equalization 75% 1975 Appraised Value 1976 Appraised Value Property 100% 100% 1976 Rendered Value 75% 1976 Assessed Value 75% Land $ 18,350 $ 23,213 $13,760 $ 17,410 $ 17,410 Imps. 90,580 126.358 67.940 94.770 92,440 Total $108,930 $149,571 $81,700 $112,180 $109,850 Ownership and Description: J. G. TAYLOR Parcel No. 1-2606-0702 Lot 11 A, J. G. Taylor Subdivision Address of Property: 3421 Monte Vista CITY OF AUSTIN, TEXAS ----- 1975 Appraised Value Property 100% 1976 Appraised Value 100% 1976 Rendered Value 75% Land Imps. $ 2,707 18,800 $ 3,008 Did Not 23.475 Render Total $21,507 $26,483 Ownership and Description: RICHARD A. E. WHITE (1st of 2 properties) Parcel No. 3-0203-0520 Lot 6 A, Resub. of Lots 4-6 and part of Lot 7 Block 31, Travis Heights Address of Property: 1513 Travis Heights Boulevard --- 1975 1976 Appraised Value Appraised Value 1976 Rendered Value Property 100% 100% 75% Land $ 4,352 $ 4,352 Did Not Imps. 21.595 31,514 Render Total $25,947 $35,866 Ownership and Description: RICHARD A.E. WHITE (2nd Property) Parcel No. 4-0915-0416 Lot 6, Block M. Western Trails, Section 8 Address of Property: 4909 Tomahawk Trail 2482 December 17, 1976 1976 Assessed Value 75% $ 2,260 17.610 $19,870 1976 Value by Board of Equalization 75% $ 2,260 17,610 $19,870 1976 Assessed Value 75% $ 3,260 23,640 $26,900 1976 Value by Board of Equalization 75% $ 3,260 23,640 $26,900 CITY OF AUSTIN, TEXAS December 17, 1976 The Council then publicly heard the following tax appeal: 2483 1975 Appraised Value 1976 Appraised Value Property 100% 100% 1976 Rendered Value 75% 1976 1976 Assessed Value 75% Value by Board of Equalization 75% Land Imps. $ 4,644 16,788 $ 5,160 $ 3,480 $ 3,870 $ 3,870 22,250 12.590 16,690 16,690 Total $21,432 $27,410 $16,070 $20,560 $20,560 Ownership and Description: WILLIAM DAVID GREGG Parcel No. 4-0010-0208 Lot 15, Block D, Barton Hills, Section 1 Address of Property: 2900 Oak Haven Drive Mr. Gregg distributed to the Counéél some statistical information relating to the City budget and the assessment increase on his property during the past several years. He pointed out that there had been a 90% increase since 1970. He then reviewed portions of the other data which he had distributed to the Council. Mr. Gregg suggested that fiscal excesses within the City's operations were being corrected by excessive valuations on property. Mayor Friedman stated that the City of Austin was well under the national average on total expenditures and had one of the highest bond ratings in the country. He further pointed out that $85 million of the total budget figure of $218 million represented a fuel cost adjustment which was mandated by the Texas Railroad Commission. Per capita spending in Austin had been reduced by the present Council during the last two years. Mr. Gregg stated that he felt the assessment on his property was excessive. He did not believe that continuing th increase assessments on property at such a high rate was a long term solution to budgeting and spending. He indicated his intention to appear at future budget hearings. Mayor Friedman invited Mr. Gregg to participate in public hearings on the budget. He assured Mr. Gregg that no preconceived notion of what percentage to increase tax appraisals to fund the budget was developed. Council Action Councilmember Linn moved that the Council uphold the recommendation of the Board of Equalization as follows: 2484 =CITY OF AUSTIN, TEXAS December 17, 1976 1976 Value by Board of Equalization 75% Council Action $ 3,870 16,690 Ownership and Description Property WILLIAM DAVID GREGG Land $ 3,870 Imps. 16,690 Total $20,560 Parcel No. 4-0010-0208 Barton Hills, Section 1 Lot 15, Block D, Address of Property: 2900 Oak Haven Drive $20,560 The motion, seconded by Councilmember Hofmann, carried by the following vote: Ayes: Mayor Friedman, Mayor Pro Tem Snell, Councilmembers Hofmann, Linn, Trevino Noes: None Absent: Councilmembers Himmelblau, Lebermann Mr. Terral R. Smith, representing Rodney D. and Geneva Larson, requested that the following tax appeals be WITHDRAWN: 1975 Appraised Value 1976 Appraised Value Property 100% 100% 1976 Rendered Value 75% 1976 1976 Assessed Value Value by Board of Equalization 75% 75% Land $ 7,966 $ 9,104 Did Not Imps. 27.533 31.465 Render $ 6,830 23,600 $ 6,830 Total $35,499 $40,569 $30,430 23,600 $30,430 Ownership and Description: RODNEY D. LARSON By: Terral R. Smith (2nd Property) Parcel No. 9-4-0830-0103 1.138 Acres Thomas Anderson Survey 17 Address of Property: Highway 290 West --- -- - CITY OF AUSTIN, TEXAS 2485 December 17, 1976 1975 Appraised Value Property 100% 1976 Appraised Value 100% 1976 Rendered Value 1976 Assessed Value 75% 75% Land $27,251 $27,251 $20,000 $20,440 1976 Value by Board of Equalization 75% $20,440 Imps. 41.588 51.349 25,000 38.510 38,510 Total $68,839 $78,600 $45,000 $58,950 $58,950 Ownership and Description: RODNEY D. LARSON By Terral R. Smith (4th property) Parcel No. 4-0310-0404 Lots 117 and 118 West Park Addition Address of Property: 3300 South Lamar 1975 Appraised Value Property 100% 1976 Appraised Value 100% 1976 Rendered Value 75% Land $7,585 $9,653 $4,200 $7,240 Imps. 0 0 0 0 1976 Assessed Value 75% 1976 Value by Board of Equalization 75% $7,240 0 Total $7,585 $9,653 $4,200 $7,240 $7,240 Ownership and Description: RODNEY LARSON By Terral R. Smith (5th property) Parcel No. 9-4-0757-0464 6.895 Acres Wm. Schnautz Survey 601 Address of Property: Acreage in Oak Hill ----- =CITY OF AUSTIN, TEXAS 1975 Appraised Value Property 100% 1976 Appraised Value 100% Land Imps. $ 3,922 64,325 $ 4,991 Did Not 86,215 Render Total $68,247 $91,206 Ownership and Description: RODNEY LARSON By Terral R. Smith (6th property) Parcel No. 9-4-0757-0417 3.565 Acres William Schnautz Survey 601 Address of Property: Oak Hill 2486 December 17, 1976 1976 Rendered Value 75% 1976 Assessed Value 75% $ 3,740 64,660 1976 Value by Board of Equalization 75% $ 3,740 64,660 $68,400 $68,400 1975 Appraised Value 1976 Appraised Value Property 100% 100% 1976 Rendered Value 75% Land Imps. $ 21,120 153,530 $ 22,880 $ 14,000 The Council then heard the following tax appeals: 1976 Value by Board of Equalization 75% $ 17,160 1976 Assessed Value 75% $ 17,160 216,712 105.000 162,530 162,530 Total $174,650 $239,592 $119,000 $179,690 $179,690 Ownership and Description: LARSON EQUIPMENT COMPANY By Terral R. Smith (7th property) Parcel No. 9-4-0630-0130 Lot 3 Oak Park Subdivision Section 4 Address of Property: Highway 290 West ---- CITY OF AUSTIN, TEXAS December 17, 1976 2487 1975 Appraised Value Property 100% 1976 Appraised Value 100% 1976 Rendered Value 75% 1976 Assessed Value 75% 1976 Value by Board of Equalization 75% Land $50,670 $60,804 $38,000 $45,600 $45,600 Imps. 0 0 0 0 0 Total $50,670 $60,804 $38,000 $45,600 $45,600 Ownership and Description: RODNEY D. LARSON AND GENEVA LARSON By Terral R. Smith (3rd property) Parcel No. 9-4-0757-0418 50.67 Acres Geo. Heissner Survey 528 1975 Appraised Value 1976 Appraised Value Property 100% 100% 1976 Randered Value 75% 1976 Assessed Value 75% 1976 Land $-0- $13,152 Did Not $9,860 Value by Board of Equalization 75% $9,860 Imps. -0- 0 0 Total $-0- $13,152 $9,860 $9,860 Ownership and Description: RODNEY D. LARSON AND GENEVA LARSON By Terral R. Smith (1st of 7 properties) Parcel No.9-4-0858-0504 10.96 Acres Geo. Heissner #528 and J. Brandt #77 Surveys Address of Property: Acreage in Oakhill 2488 - CITY OF AUSTIN, TEXAS December 17, 1976 Discussion and Action Mr. Smith stated that his client had requested that the Council evaluate Lot 3, Oak Park Subdivision, Section 4 (Oak Hill Shopping Center) on the basis of income received from the property. There were a number of vacancies in the Center. Mr. Klitgaard stated that limited income information had been presented by the property owner, so that it might be considered in the valuation process. In this instance, he did not believe that the property had experienced a significant period of reduced earnings which would effect its selling price. Over a 25 to 30-year period, there was a 12.9% return on the appraisal of the property. That figure exceeded the return on other income-producing property in the City, which was being marketed. Councilmember Linn moved that the Council uphold the recommendation of the Board of Equalization as follows: 1976 Ownership Value by and Board of Equalization Council Description Property 75% Action LARSON EQUIPMENT CO. Land $ 17,160 $ 17,160 By Terral R. Smith Imps. 162.530 162,530 (7th property) Total $179,690 $179,690 Parcel No. 9-4-0630-0130 Lot 3 Oak Park Subdivision Section 4 Address of Property: Highway 290 West The motion, seconded by Councilmember Trevino, carried by the following vote: Ayes: Mayor Pro Tem Snell, Councilmembers Hofmann, Linn, Trevino, Mayor Friedman Noes: None Absent: Councilmembers Himmelblau, Lebermann Mr. Smith then presented his appeals for the 50.67 acres and the 10.96 acres respectively. He stated that only the best of the lots in the acreage had been sold, and he felt that the Tax Department had valued the entire acreage based on those sales. Much of the land was rocky and hilly and was not selling. He asked that the valuation remain as it was two years ago. Mayor Friedman stated that the increase in valuation for the two properties was minor. 2489 _ CITY OF AUSTIN, TEXAS December 17, 1976 Mr. Klitgaard stated that based on activity which had taken place in previous years, the property had been updated by $200 per acre. He did not believe that the overall property had been appraised based on sales of the better property. Comparisons had been made with larger, less expensive tracts. Councilmember Linn moved that the Council uphold the recommendation of the Board of Equalization as follows: 1976 Ownership Value by and Board of Equalization Council Description Property 75% Action RODNEY D. LARSON AND Land $9,860 $9,860 GENEVA LARSON Imps. 0 0 By Terral R. Smith (1st of 7 properties) Total $9,860 $9,860 Parcel No. 9-4-0858-0504 10.96 Acres Geo. Heissner #528 and J. Brandt #77 Surveys Address of Property: Acreage in Oakhill The motion, seconded by Councilmember Trevino, carried by the following vote: Ayes: Mayor Pro Tem Snell, Councilmembers Hofmann, Linn, Trevino, Mayor Friedman Noes: None Absent: Councilmembers Himmelblau, Lebermann Councilmember Linn moved that the Council uphold the recommendation of the Board of Equalization as follows: 1976 Ownership Value by and Board of Equalization Council Description Property 75% Action RODNEY D. LARSON AND Land $45,600 $45,600 GENEVA LARSON Imps. 0 0 By Terral R. Smith (3rd property) Total $45,600 $45,600 Parcel No. 9-4-0757-0418 50.67 Acres Geo. Heissner Survey 528 Address of Property: Acreage in Oak Hill CITY OF AUSTIN, TEXAS 2490 December 17, 1976 The motion, seconded by Councilmember Trevino, carried by the following vote: Ayes: Mayor Pro Tem Snell, Councilmembers Hofmann, Linn, Trevino, Mayor Friedman Noes: None Absents Councilmembers Himmelblau, Lebermann Motion Mayor Pro Tem Snell moved that the Council sustain the values set by the Board of Equalization on all properties on today's agenda which were withdrawn and the Larson properties which were not appealed. The motion, seconded by Councilmember Trevino, carried by the following vote: ATTEST: Ayes: Councilmembers Hofmann, Linn, Trevino, Mayor Friedman, Mayor Pro Tem Snell Noes: None Absent: Councilmembers Himmelblau, Lebermann ADJOURNMENT The Council adjourned at 3:16 p.m. City Clerk APPROVED Myor