2004 - 08-23-04 Regular Meeting - Laserfiche WebLink

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r • Deed of Easement between the County of Lee and the City of Sanford • Interlocal Agreement between the City of Sanford and the Lee County Board of Education Commissioner Adams moved to approve the above documents pertaining to the sewer project for the new high school, copies of which are attached to these minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Adams, Hincks, Lennmond, Matthews, Paschal, Reivcs, and Stevens Nay: None The Chairman ruled the motion had been adopted unanimously. The Board considered retiree health insurance qualifications. Commissioner Adams moved that the Lee County Retired Employees Health Insurance Policy adopted by the Board of Commissioners on April 15, 1996, he amended to include a new requirement designated as "Number 4" as set out in bold type on the revision of said policy submitted to the Board for its consideration at this meeting and further that the last sentence of the policy be amended to eliminate the period and add "other thcut those gctalifi1ing under the on-the job related disabilitY siltation listed in #4 above" and that this revision be effective with respect to any terminations of employment occurring on or after little 14, 2004, a copy of which is attached to these minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Adams, Hincks, Lemmond, Matthews, Paschal, Reivcs, and Stevens Nay: None The Chairman ruled the motion had been adopted unanimously. The Board considered a four-year (4) tax revaluation cycle. Tax Administrator Kep Kepley gave a power point presentation and told the Board of Commissioners that currently Lee County is on an eight-year (8) revaluation cycle. Fie told the Board that the county might benefit going to a four-year (4) revaluation tern. Mr. Kepley told the Board that his staff had conducted a random sampling of some three hundred and fifty (350) parcels in order to estimate both the need for a revaluation and the quality of information. It was determined using sales ration study that the average market value is increasing at 9.68% per year. The study showed that the average increase might be higher as market sales seem to be rising. Also, Mr. Kepley stated that the random sampling showed that tax office data needed to be reviewed. Of the three hundred and fifty (350) parcels sampled, Mr. Kepley reported that two hundred (200) had some type of corrective change. According to tax records, the last full list and measure conducted by the tax office was in 1987. Mr. Kepley further told the Board that a project of this size would generate a large amount of revenue for the county. He estimated that changing the tax office data would increase income by $370,280.00 per year when completed or $1,800,000.00 if the county recovers the lost revenue going back five (5) years on each 5