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October 17, 2013
CITY OF GROSSE POINTE — An outside appraiser is being brought in to resolve disputes about the value of three commercial properties.

All three properties are in the Village downtown section of the City of Grosse Pointe.

Municipal officials value them at a total of $3,825,400.

Petitioners counter with a combined value of $1,784,000.

The $2,041,400 difference represents the city’s appraisal being more than twice the value claimed by the petitioners.

“Because of the amounts involved, and the commercial nature of the properties, it is necessary for the city to retain professional appraisers to prepare the city’s valuation disclosures,” according to Charles Kennedy III, city attorney.

The properties, their petitioners’ claimed true cash values compared with values claimed by the city, are:

Kay Baum, 16822 Kercheval Place; city: $1,435,800; petitioner: $800,000.

Sunrise, on St. Clair south of Kercheval; city: $903,400; petitioner: $386,000.

RBS Citizens, 63 Notre Dame; city: $1,486,200; petitioner: $598,000.

Each outside appraisal may cost the city up to $5,000 for a total not to exceed $15,000.

— Brad Lindberg

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