[Agenda] Meeting of the Property Tax Appeal Board

              BOARD MEMBERS
Michael J. (Mickey) Goral Kevin L. Freeman Walter R. Gorski Mauro Glorioso
Rockford Chicago Edwardsville Westchester
www.ptabil.com
State of Illinois
PROPERTY TAX APPEAL BOARD
Wm. G. Stratton Office Bldg. DONALD R. CRIST Suburban North Regional Office
401 South Spring St., Rm. 402 Chairman 9511 W. Harrison St., Suite 141
Springfield, Illinois 62706 Des Plaines, Illinois 60016
(T) 217.782.6076 (T) 847.294.4121
(F) 217.785.4425 LOUIS G. APOSTOL (F) 847.294.4799
(TTY) 217.785.4427 Executive Director
Meeting of the
Property Tax Appeal Board
May 10, 2011 – 10:00 AM
Springfield, Illinois
1. Roll Call
2. Approval of Minutes from Previous Meeting
3. Executive Director’s Report
4. Discussion of Motions
a. Real-Opp Enterprise LLC: #09-00808-C-3 (Boone)
Wolf Chevrolet Sales Inc.: #09-01233-C-3 (Boone)
Wolf Investments LP: #09-01238-C-3 (Boone)
In each of the above appeals, the appellant originally filed with PTAB on February 11, 2010. A total of 90 days has been granted for the submission of evidence. Each appellant is requesting an additional 90 days for the completion of an appraisal. Letter from appraiser (4-1-11) sites difficulty finding comparable properties and an estimated appraisal completion dates of 7-05-11 and 7-17-11.
b. Amcore Investment Group Trust 78-6898: #09-03126-C-3 (Winnebago)
The above appellant originally filed with PTAB on 4-1-10. A total of 90 days has been granted for the submission of evidence. Appellant is requesting an additional 90 days for the completion of an appraisal. Letter from appraiser (4-1-11) sites difficulty in finding sales comparables and an estimated appraisal completion date of 7-21-11.
c. Marquis Energy LLC: #09-00880-C-3 (Putnam)
Appellant originally filed with PTAB on 2-17-10. A total of 90 days has been granted for the submission of evidence. Appellant is requesting an additional 90 days for parties to continue discussions for streamlining the valuation of the property. Property is improved with an industrial complex and part of the issue is the classification of machinery and equipment as real property. Appellant has requested a reduction from $42,996,773 to $10,396,773.