Mary Niland, chairperson of the College of Western Idaho board, told the Idaho Statesman Thursday, “If I had it to do all over again, I would have looked at the tax assessment and would have asked for the appraisal. All I can tell you is we didn’t think about it. It was a mistake, and we are accountable for that.”
The GUARDIAN raised the issue of failure to obtain an appraisal in a Tuesday POST about purchase of land at 30th and Main in Boise. The deal calls for CWI to pay more than double the $3.6 million value set by the Ada County Assessor. CWI has agreed to pay $8.8 million, but has not released documents requested by the GUARDIAN under the freedom of information law.
The legacy media joined us in questioning CWI officials who claim the institution does not need to follow Idaho Code 33-601 which appears to REQUIRE appraisals for property acquisition.
Despite the public apology by Niland and other board members stand behind the decision to pay $5.2 million more than the assessed value. Property values are a moving target, but the Ada assessor has a record of hitting that target within a 96% accuracy, according to the Idaho Tax Commission.
We would like to see an independent appraisal of the old Bob Rice Ford lot. Had the CWI board taken the time to check the value themselves, they would have been positioned to get a much better price during their secret negotiations.
Meanwhile, the GUARDIAN awaits the documents we requested earlier in the week. When they come in, we will share any news.