May 12, 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, May 12, 2004 at 9:33 a.m.

Present: Peter Fatooh, Lawrence Lee and Diane Robinson

Quorum present

Chairperson: Peter Fatooh, Presiding

Deputy City Attorney: Marie Blits

Court Reporter

Having no public comment, the below listed applicants for change in the assessed valuation of property for the years at issue being present and heard, the Board heard evidence and testimony from the applicant regarding the assessed valuation of the subject properties. The Board then took certain action, as specified under this date, on the original of the respective applications:

Appeal No.	Name	Disposition
2002-0959	Three Embarcadero Center Venture, GP	Continued to 1:30
2002-0960	Two Embarcadero Center Associates, GP	Continued to 1:30
2002-0961	One Embarcadero Center Venture, GP	Continued to 1:30
2002-0965	Four Embarcadero Center Venture, GP	Continued to 1:30
2002-0967	Four Embarcadero Center Venture, GP	Continued to 1:30

RECESS

The Board, at the hour of 12:02 p.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 1:38 p.m.

Present: Peter Fatooh, Lawrence Lee and Diane Robinson

Quorum present

Chairperson: Peter Fatooh, Presiding

Deputy City Attorney: Marie Blits

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 its evidentiary proceedings, and heard testimony from applicant’s first witness, Robert Pester of Boston Properties, regarding retail and office rents for the subject properties, as well as the loan to value ratio at the time the owners purchased the property. The Board then heard the assessor’s office cross-examination of Mr. Pester, after which the Board took certain action, as specified under this date, on the original of the respective applications:

Appeal No.	Name	Disposition
2002-0959	Three Embarcadero Center Venture, GP	Continued to 5/13/04
2002-0960	Two Embarcadero Center Associates, GP	Continued to 5/13/04
2002-0961	One Embarcadero Center Venture, GP	Continued to 5/13/04
2002-0965	Four Embarcadero Center Venture, GP	Continued to 5/13/04
2002-0967	Four Embarcadero Center Venture, GP	Continued to 5/13/04

There being no further business, the Board, at the hour of 4:02 p.m., recessed to reconvene on Thursday, May 13, 2004 at 11:00 a.m.

Gloria L. Young

Clerk

 

Dawn Duran

Administrator

Approved by the Board on May 17, 2004