Developer contests valuations on Cherry Park and Orchard affordable-housing projects

Fred Hoppe, identifying himself as a principal with Hoppe 572, addressed the assessor hearing about valuations for several redevelopment and affordable-housing properties, including Cherry Park and the Orchard Subdivision. Hoppe said Cherry Park has three development phases, the first two were low-income projects and the third adds additional units (he stated “88” when describing one phase). He said the combined valuation he calculates for the properties referenced is $6,017,003.73 and asked the assessor to check the modeled values and redevelopment agreement records.