March 17, 2004

JOURNAL OF PROCEEDINGS

CITY AND COUNTY OF SAN FRANCISCO

ASSESSMENT APPEALS BOARD

In the meeting of Assessment Appeals Board Number 1 of the City and County of San Francisco for Wednesday, March 17, 2004 at 9:33 a.m.

Present: Peter Fatooh, Gordon Huseby and Diane Robinson

Quorum present

Chairperson: Peter Fatooh, Presiding

Having no public comment, and the below listed applicants for change in the assessed valuation of property for the years at issue being present, the Board heard testimony from applicant’s expert witness, Kurt Reitman, MAI appraiser and author of the Valuation Analysis package presented for the subject property. The assessor’s office began its cross-examination of Mr. Reitman, then the Board took certain action, as specified under this date, on the original of the respective applications:

RECESS

The Board, at the hour of 11:50 a.m., recessed from the morning session to reconvene at 2:00 p.m.

RECONVENING OF THE BOARD

The Assessment Appeals Board reconvened at the hour of 2:02 p.m.

Present: Peter Fatooh, Gordon Huseby and Diane Robinson

Quorum present

Chairperson: Peter Fatooh, Presiding

The below listed applicants for change in the assessed valuation of property affecting the Assessment Roll for the years at issue being present, the Board continued to hear the assessor’s cross-examination of Mr. Reitman, after which the assessor’s office presented evidence and testimony in support of its recommendation of value for the subject properties at issue. Applicant’s cross-examination of the assessor’s office was heard, followed by closing statements by both parties. The Board then took certain action, as specified under this date, on the original of the respective applications:

There being no further business, the Board, at the hour of 3:32 p.m., recessed to reconvene on Thursday, March 18, 2004 at 9:30 a.m.

Gloria L. Young

Clerk

Dawn Duran

Administrator

Approved by the Board on Thursday, March 18, 2004