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Page 1 of 1 <br /> HAMLIN Peggy D <br /> From: HAMLIN Peggy D <br /> ent: Friday, September 02, 2005 10:40 AM <br /> o: PETERSON Tish A; CARLSON Becky A <br /> Cc: SCHOENING Mark A; RAPP Cathy <br /> Subject: Appraisal Fee <br /> Tracking: Recipient Read <br /> PETERSON Tish A Read: 9/2/2005 10:42 AM <br /> CARLSON Becky A <br /> SCHOENING Mark A <br /> RAPP Cathy <br /> Hi, <br /> I met with Peggy Keppler and Russ Royer yesterday to discuss ways to track appraisal time. Mark wants his Property <br /> Officers to charge their time when appraising properties to a capital project. A capital project dedicated to this function is <br /> being established. As is our procedure for this type of project, the project # will end in a zero. This will exclude the charges <br /> from being part of fixed assets. These are properties that will be put up for sale and because a capital fund paid for them <br /> originally, the revenue will go back into a capital fund. Mark wants to make sure the Property Officers time is covered. <br /> Peggy Keppler has set in motion an Admin Order process that will allow an appraisal fee to be charged to any citizen that <br /> initiates an appraisal. A new revenue object code has been requested. Since the bulk of these are ROW parcels, the <br /> revenue and project expenses are being tagged in the 312 Road Fund. The thought behind this is that this fund will be the <br /> recipient of sales revenue more times than not. A follow up meeting with the Real Property Officers will happen at FY end <br /> each year to determine if some of the revenue/expenses should be transferred to another fund. This type of transaction <br /> doesn't happen very often, but this is another avenue being covered as far as the PSF fund is concerned. <br /> Any thoughts or concerns? <br /> Thanks, <br /> Peggy Hamlin <br /> Financial Analyst <br /> Public Works Administration <br /> 682 5834 <br /> <br /> 9/2/2005 <br /> <br />