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6. NEW OUSINESS (Cont'd
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<br />louses, and, consequently, get vandalized, get garbage dumped
<br />nto them, and by the time you can,.get to.the structure, with
<br />:he absentee landlords, to .do anything with it, it is almost an
<br />mpossible kind of thing. Now, the houses that are before the
<br />:ommission here for rehabilitation, these are houses that people
<br />,re living'in, and they can be rehabilitated to make it at least up.
<br />:o Ci °ty Code, and make i't a decent place to live in.
<br />Irs. Janet S. Allen, as an interested citizen, referred to the
<br />bove statement by Mr. Lindstaedt, and if'the Building Department
<br />aid their records indicate 10 houses were rehabilitated, then
<br />shy don't they have a record of the ones we are doing? Commissioner
<br />iggins advised further that we have had a lot 'more ' than 10 houses
<br />ehabilitated` through the Commission, plus all the others. Mr.
<br />righton said his division has had 107 houses rehabilitated- -plus
<br />he homes that are privately being rehabilitated. Commissioner
<br />iggins added that, in all probability; the statement made by the
<br />ubstandard Division were the substandard homes that go before the
<br />oard of Public Safety for cause- -the owners °must either rehabili-
<br />ate or have them demolished- -and that is another story altogether.
<br />rs. Allen questioned the $8,000 remodelling jobs- -now becoming a
<br />15,000 house, "I would like to know what the basis of the valuation
<br />f this particular house is with the general assumption of what it
<br />s worth ?" Mr. Crighton advised, "As I have stated before, we are
<br />eally not too concerned with the valuation of these properties;
<br />he homes, that we are involved in, are of greater value to the
<br />:cupants than they are to the market. The market has certain
<br />real that they are involved in, and the rates are based on those
<br />)mes that are turning over on that market. These homes don't turn
<br />ver on the market, so, therefore, the valuation is either in the
<br />ape of neighborhood they are in, or their condition, or the fact
<br />iat there is a low turnover in the neighborhood. The value is
<br />flatively low, so we are not concerned with the market value; all
<br />are.concerned about is the health and safety of the occupant."
<br />s. Allen again brought up the assessed valuation and what happens
<br />en the assessor comes around - -a $5,000 home and $8,000 in`rehabi-
<br />tation -how do they meet that higher assessed valuation? The
<br />air advised they don't get a higher assessed valuation, because a
<br />lace is worth what the mar
<br />ie front footage cost or f
<br />lock, and, of course, the
<br />ill bring on the open mark
<br />kccording to the Uniform A
<br />fly variation is the estim
<br />?aring on it. If you buil
<br />;sessment will go up for t
<br />ided, but just in the case
<br />i assessment would be the
<br />on, so you haven't really
<br />square footage. All you
<br />ements of the structure,
<br />(et will bring. The assessor goes by
<br />igure for each piece of land in a certain
<br />improvements are what he thinks a house
<br />�t for a sale. Commissioner Wiggins added,
<br />;sessment Law in the State of Indiana, the
<br />ition of condition or quality that has a
<br />i an addition on to a house, then your
<br />ie value of the addition that you have
<br />of repairing a house, the only change
<br />!stimation in value of terms of the condi-
<br />substantially altered the house in terms
<br />have done is change the condition of the
<br />;o that the actual changes would be very
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