Application 078-17: Safeway Stores, Inc., applicant; Brent Buskirk, agent for the applicant; Account Number 07316-00-9 for 2720-41st Avenue, Soquel, CA; heard on September 17, 2018; taken under submission (Cawaling)

Agent for the applicant, Brent Buskirk and the appraisers for the Assessor, Felicia Cawaling and Lori Smith were sworn-in and gave oral and documentary evidence.

The Assessor requested written Findings of Fact.

This application was heard in conjunction with applications numbers 079-17, 080-17, 081-17, 082-17 and 083-17.

The following exhibits were marked for identification and admitted into evidence:

Applicant’s Exhibit A: Narrative/ Summary Argument (4 pages)

Applicant’s Exhibit B: Industry Articles (56 pages)

Applicant’s Exhibit C: R3 Curve from Assessor’s Handbook (50 pages)

Applicant’s Exhibit D: Cumulative Cost Analysis (9 pages)

Applicant’s Exhibit E: Opinion of Value with various documents (82 pages)

Applicant’s Exhibit F: Fixed Asset Detail (42 pages)

Applicant’s Exhibit G: Other Information - Asset Custodial Listings, Equipment Removal Order, Liquidation Sales, Equipment Removal Order (66 pages)

Applicant’s Exhibit H: 2005 Garden Grove Auction information packet (115 pages)

Applicant’s Exhibit I: 2007 Lake Forest Auction information packet (66 pages)

Applicant’s Exhibit J: 2007 San Diego Auction information packet (62 pages)

Assessor’s Exhibit 1: Group Exhibit packet - Business Assessment Factors, Values per Roll, Values per Applicant, Average Life Expectancy/Stores over 10 Years Old (31 pages)

Assessor’s Exhibit 2: 41st Avenue Safeway (078-17) Information packet - 2017 Business Property Statement, Schedule A1 Costs with Factors, Average Life Expectancy, Photos (13 pages)

Assessor’s Exhibit 3: Rancho Del Mar Safeway (079-17) Information packet - 2017 Business Property Statement, Schedule A1 Costs with Factors, Average Life Expectancy, Photos (12 pages)

Assessor’s Exhibit 4: Mt. Hermon Safeway (081-17) Information packet - 2017 Business Property Statement, Schedule A1 Costs with Factors, Average Life Expectancy, Photos (15 pages)

Assessor’s Exhibit 5: Graham Hill Road Safeway (082-17) Information packet - 2017 Business Property Statement, Schedule A1 Costs with Factors, Average Life Expectancy, Photos (12 pages)

Assessor’s Exhibit 6: Morrissey Blvd. Safeway (083-17) Information packet - 2017 Business Property Statement, Schedule A1 Costs with Factors, Average Life Expectancy, Photos (12 pages)

After examination of the parties, the Board retired to chambers, deliberated with counsel present. The matter was taken under submission for further review of the exhibits and continued to closed session (October 9, 2018 at 2 pm) for further deliberations with the decision to be announced at the October 22, 2018 meeting.