Motion for production of property sale, environmental, and tenancy documents granted in assessment appeal.
The moving party (MPAC) brought a motion for the production of documents relating to the sale and valuation of the subject property.
On consent, the Assessment Review Board ordered the respondents to produce the purchase and sale agreement.
The Board further ordered the production of environmental reports and remediation costs to clarify the actual price paid, rent rolls to permit consideration of an income approach to valuation, and a co-tenancy agreement to determine if the sale was between unrelated parties.
The motion was granted.
