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<br />LAMAR COUNTY APPRAISAL DISTRICT <br /> <br />903-785-7822 FAX: 903-785-8322 521 Bonham P. O. Box 400 Paris, TX 75461-0400 <br /> <br />BOARD OF DIRECTORS <br /> <br />Chief Appraiser: <br /> <br />Phyllis Bryan, RPA, RTA, CCA <br /> <br />Don Wall, Chairman <br />Herman Talley, Vice-Chairman <br />Raymond Allen, Secretary <br />Mike Blackburn <br />Terry Christian <br /> <br />Appraisal Supervisor: <br /> <br />David Funderburg, RP A <br /> <br />Collections Supervisor: <br /> <br />Pat Loven, RIA <br /> <br />February 1,2007 <br /> <br />Please find enclosed a copy of the Agreed Judgment between Paris Retirement Village, <br />Ltd. and the appraisal district, signed and filed on January 24, 2007. The value of the <br />Paris Retirement Village, Ltd. was reduced for 2006 from $1,109,920 to $848,960. <br /> <br />This will result in a change in tax revenue as follows: <br />Entity Previous New Loss <br />Lamar County $4,915.84 $3,760.04 $1,155.80 <br />City of Paris 6,573.50 5,027.96 1,545.54 <br />Paris ISD 16,116.05 12,326.90 3,789.14 <br />PJC 2,133.27 1,631.70 501.57 <br /> <br />I regret the loss of value, but our attorney had advised that just hiring an appraiser who <br />specializes in low income housing would have cost between eight and nine thousand <br />dollars if we went to court, besides the other legal fees and court costs, so the net loss of <br />revenue doesn't seem as bad comparatively. <br /> <br />If you should have any further questions in this regard, please do not hesitate to call. <br /> <br />Sincerely, <br /> <br />~~<v !j~~ <br /> <br />Phyllis Bryan <br />Chief Appraiser <br /> <br />Encl. <br /> <br /> <br />~-'.". 11",-.'.".."...".......-. <br />