March 25, 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 Thursday, March 25, 2004 at 9:35a.m.

Present: Alec Lambie, Thomas Ramm and Diane Robinson

Quorum present

Chairperson: Alec Lambie, Presiding

Deputy City Attorney: Paul Zaferskey

Court Reporter

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 continued its evidentiary proceeding from March 11, 2004. The Board convened into closed session for approximately 70 minutes for the applicant’s cross-examination regarding confidential trade secret information and capitalization rates. The Board reconvened into open session and continued with the applicants’ cross-examination. Certain action was then taken by the Board, as specified under this date, on the original of the respective applications:

RECESS

The Board, at the hour of 11:45 a.m., recessed from the morning session to reconvene at 1:30 p.m.

RECONVENING OF THE BOARD

The Assessment Appeals Board reconvened at the hour of 1:30 p.m.

Present: Alec Lambie, Thomas Ramm and Diane Robinson

Quorum present

Chairperson: Alec Lambie, Presiding

Court Reporter

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 applicant’s cross-examination of the assessor, followed by assessor’s redirect testimony for the subject properties at issue. 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 4:32 p.m., recessed to reconvene on Friday, March 26, 2004 at 9:30 a.m.

Gloria L. Young

Clerk

Dawn Duran

Administrator

Approved by the Board on Tuesday, April 6, 2004