Appraisal Being Challenged

When the New Mexico Spaceport Authority (NMSA) meets Sept. 11 at 10 a.m. it will be discussing the percentage of a loan the body seeks to borrow from the New Mexico Finance Authority to build a visitor center here in Truth or Consequences (T-or-C). The meeting will be in the Elephant Butte Municipal Building at 103 Water Street, and is open to the public. Two Sierra County residents filed complaints last month to the state Boards and Commissions Division, Real Estate Appraisers Board, concerning what they contend is an overinflated appraisal on property where the visitor’s center will be located. These residents said they have also personally met with state officials asking any action be postponed until the appraisal can be investigated further. Sophia Peron and Ariel Dougherty, both of Truth or Conse-quences (T-or-C), claim the appraisal, made by Barrett Appraisal Services LLC, is the result of a conflict of interest (Barrett’s land adjoins the appraised property) and that the appraisal is based on a series of misconstrued facts, which they say is a pattern Barrett uses to “conflate land values as judged in a U.S. Bankruptcy Memorandum Opinion, case 12-14204-t11 Doc 120. The Sentinel will be covering the Sept. 11 meeting, and will have a more in depth article on the complaint in the next issue…