The Willows at Westborough v. Board of Assessors of the Town of Westborough (amended)

COMMONWEALTH OF MASSACHUSETTS

APPELLATE TAX BOARD


THE WILLOWS AT WESTBOROUGH	v.  THE BOARD OF ASSESSORS OF    
THE TOWN OF WESTBOROUGH  

Docket Nos.:	F252006 (FY 1999)
			F256211 (FY 2000)
			F259233 (FY 2001)	Promulgated:
							November 4, 2002


AMENDED FINDINGS

	The Board hereby amends the above-captioned findings, which were promulgated on October 16, 2002 and are reported at the Appellate Tax Board Adv. Sh. 2002-469, by deleting the following sentence located at the bottom of page 511 and continuing on the top of page 512: "Even if the business component in Mr. Logue's approach is adjusted to more closely correspond to the value attributed to the intangible business assets by Mr. Coleman, the resulting real estate values derived from Mr. Logue's adjusted approach still support the assessments for all three fiscal years at issue."  
     The Board hereby further amends said findings by replacing the deleted sentence with the following sentence:  "Even if the entrepreneurship return of 3% in Mr. Logue's approach is adjusted upward to more closely correspond to Mr. Coleman's entrepreneurial profit of 5% (plus his other intangibles, which the Board rejects under the circumstances present in these appeals), the resulting real estate values derived from Mr. Logue's adjusted approach still support the assessments for all three fiscal years at issue."  

  						APPELLATE TAX BOARD




					 By:	_____________________________
						Abigail A. Burns, Chairman



A true copy,



Attest: _____________________
		Clerk of the Board