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Chair briefs board on Market Rate Adjustment
Summary
During routine business on Aug. 15, 2024, Chair Rinaldo provided an update on the Market Rate Adjustment to the Board of Assessors; the minutes record the briefing as informational with no recorded vote.
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Chair Rinaldo provided the Board of Assessors with an update on the Market Rate Adjustment during the Aug. 15 meeting; the minutes record the update as an informational briefing without a motion or vote. The minutes do not include the text of the adjustment, dollar figures, or an effective date, indicating the item was presented for information.
No motion or follow-up assignment is recorded in the meeting text. The entry in the minutes is brief: it records that "Chair Rinaldo provided an update on the Market Rate Adjustment," but does not provide the adjustment amount or a timetable for implementation in the minutes.
