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HANDOUTS 04-27-2011
Wa~n~~- ~il~l~~ ~,~, ~~ 2011 Assessment Report Elk River Sherburne County ~. r ~, ;Sherburne County Assessors Office ~. s .~,,., s ~~ ~# ~ Gerald Kritzeck, County Assessor 13880 Business Center Drive L, Elk River, MN. 55330 I~ ~erald.kritzeck co.sherburne.mn.us co.sherburne.mn.us 763-241-28801oca1 1-800-438-0577 outstate 2 Staff Responsibilities for Elk River Commercial Residential ~ ~ _ Agricultural .,. John Cullen Bill Riley Greg Olson Theresa Quinn Jeanne Henderson 3 ..r" ; Sherburne County Assessors Office s ~, ' `- Theresa Quinn .~„ s ~ Eastern Elk River ~ 13880 Business Center Driver ..~ ~ Elk River, MN. 55330 [ 763-241-2880 or763-241-2889 --_--~~theresa.quinn ,co.sherburne.mn.us co.sherburne.mn.us 4 2010 Reassessment (East) 75-484 Knollwood 75-513 Oak Meadows 75-486 Knollwood West 75-522 Royal Oaks Ridge 75-487 Knollwood West 2nd Add 75-523 Hidden Creek Country Estates 75-508 Deerfield 1St Add 75-529 Shores of Briarwood 75-510 Deerfield 2nd Add 75-532 Deerfield 4t" Add 75-512 Wilderness Acres 75-001,002,003 Sections 1,2 & 3 2010 Reassessment (West) ~. 75-473 Ridgewood 1St Add 75-485 Grandview 2nd Add 75-474 Ridgewood 2nd Add 75-489 Village Estates 2nd Add 75-475 Ridgewood 3rd Add 75-494 Mississippi Heights 75-477 Village Estates 75-478 Riverview Heights 75-479 Riverview Heights 2nd Add 75-480 Riverview Heights 3rd Add 75-481 Grandview Addition 75-482 Island View 2nd Add New for Elk River in 2010 Rocky Ridge Estates (Residential) D F~- O ~ TT~~ V1 ~ 0 • ~~ ~~ H ~ • r..~ ~ ~L/ N C LL O ~~ N O N CG t0 N C1 O o0 r 00 Q1 M ~ ~ N r ~ N N r r r r ~"{ O N ~A ~ C1 00 to '~ r f~ 1` M ~ O I~ ~ N N r r r r r pp r r N M r O ~ O r N O O r LCD r O O O O O O O O O O O O O r N M r O ~ O r N O O ~-~+ L~'~ r Z ~ ~ ~ o ° o ~ LL a ~ ' a ~n z ~ • ! • A i ~ ~ ~~ "d ~. U .~ O .~ U C~ r-+ .~ Elk River New Homes (Units) -lAA ~~ ~-I ~-I `~ Source Data: County Zoning ~°'A~ ti~~y ti~~3 ti~~h ti~~~ ti~~~ ^ # Homes ^ Multi-fam Calendar Years 15 9 Sales Study ..:... Sales from October 1St' 2009 to September 30th, 2010 were used to determine the January 2nd, 2011 Assessor's Estimated Market Value. The Department of Revenue requires the Assessor to maintain a ratio of 90 to 105%. Elk River Home Sales .' . ~ SALES - .~ _ 1996 :d Source: State Report 1998 2000 2002 2004 2006 2008 2010 127 Caler-dar Years 1] ~ Sherburne County Assessors Office s ~ Greg Olson: Elk River City Assessor s ~ Western Elk River 13880 Business Center Drive a ~ Elk River, MN. 55330 -' 763-241-2880 or 763-241-2886 ~a ~ greg.olson@co.sherburne.mn.us • co.sherburne.mn.us s rs 13 Elk River Average Sale Price 300,000 250,000 200,000 150,000 100,000 50,000 0 VS. Average EMV ~. .. 01 O°~ O~ 03 Oh O'~ 00 ~O ~O ~O ~O ~O ~O ~O Calendar Year ~ EMV -~ Avg SP EMV $199,551 Source Study: County Study Avg SP $200,590 ~_ 55- 59 Source: County Study Elk River Ratio Distribution 2010 Sales 30 25 20 15 65- 75- 85- 95- 105- 115- 125- 69 79 89 99 109 119 129 Calendar Year ' ~` Elk River Adjusted Sale Ratio _~ 98 97 96 95 94 w_. ~. e 93 92 91 90 89 88 1991 1994 1996 1998 2000 2002 2004 2006 2008 2010 Source Data: State Report Ratio 92.50% Assessment Years ~ \° \ \° ~ ~ ~ O O O O ~ ~ ~ M ~ ~ ~ ~ ~ .~. ~ . ~ N oo O~ N ~ N p,p M 41 i 01 ~ ~ ~ ~ N ~ '~ ~ p `O ~ pp ~ ~ ry ~ ~ ~, M ,r.~ ~ ~ ~` ~'"~ ~ ~ •~ .~„~ . O ~ .O 4~ ~ ~ ~ ~ ~ '~ o ~ ~ o ~ ~ ~, c~ . '.,., a~ 4~ o W ~ ~ W .+-~ N ~ ~ ~ ~ ~ ~ ' ~' C~ ~ U ' ~,.., ba~,A U ~~ c~ O ~.Z, O ~ ~ ~ ~ ~ 0 V 0 O N 3 0 a~ .~ . r..~ W 0 w • • • w w w w • ~ w '~ ~ A R ~ ~ ~ • M ~ ~ ~~ ~ ~r 2007 MINNESOTA STATUTES 274.01 BOARD OF APPEAL AND EQUALIZATION. Subdivision 1. Ordinary board; meetings, deadlines, grievances. (a) The town board of a town, or the council or other governing body of a city, is the board of appeal and equalization except (1) in cities whose charters provide for a board of equalization or (2) in any city or town that has transferred its local board of review power and duties to the county board as provided in subdivision 3. The county assessor shall fix a day and time when the board or the board of equalization shall meet in the assessment districts of the county. Notwithstanding any law or city charter to the contrary, a city board of equalization shall be referred to as a board of appeal and equalization. On or before February 15 of each year the assessor shall give written notice of the time to the city or town clerk. Notwithstanding the provisions of any charter to the contrary, the meetings must be held between April 1 and May 31 each year. The clerk shall give published and posted notice of the meeting at least ten days before the date of the meeting. 21 ~ BOARD OF APPEAL AND EQUALIZATION The board shall meet at the office of the clerk to review the assessment and classification of property in the town or city. No changes in valuation or classification which are intended to correct errors in judgement by the county assessor may be made by the county assessor after the board has adjourned in those cities or towns that hold a local board of review; however, corrections of errors that are merely clerical in nature or ~` changes that extend homestead treatment to property are permitted after adjournment ~ until the tax extension date for that assessment year. The changes must be fully documented and maintained in the assessor's office and must be available for review by any person. A copy of the changes made during this period in those cities or towns that hold a local board of review must be sent the county board no later than December 31 of the assessment year. (b) The board shall determine whether the taxable property in the town or city has been ~, properly placed on the list and properly valued by the assessor. If real or personal property has been omitted, the board shall place it on the list with its market value, and .._ ~ correct the assessment so that each tract or lot of real property, and each article, parcel, ~` or class of personal property, is entered on the assessment list at its market value. No assessment of the property of any person may be raised unless the person has been duly notified of the intent of the board to do so. On application of any person feeling `? aggrieved, the board shall review the assessment or classification, or both, and correct it ~~ as appears just. The board may not make an individual market value adjustment or classification change that would benefit the property if the owner or other person having control over the property has refused the assessor access to inspect the .,,,,, property and the interior of any buildings or structures as provided in section ~ =~ 273.20. `~...., .~ ~. Disclaimer: ~' Every attempt has been made to ensure that the information contained in the attached material is valid at this time. Additionally, Sherburne County disclaims any and all liability for damages incurred directly or indirectly as a result of errors, omissions, or discrepancies and is not responsible for misuse or misinterpretation. 23 '_ 2007 MINNESOTA STATUTES ~~ 273.20 ASSESSOR MAY ENTER DWELLINGS, BUILDINGS, OR STRUCTURES. ~„~, Any officer authorized by law to assess property for taxation may, when necessary to the proper performance of duties, enter any dwelling-house, building, or structure, and view the same and the ,.,. property therein. Any officer authorized by law to assess property for ad valorem tax purposes shall have reasonable access to land and structures as necessary for the proper performance of their duties. A ~,,. ;~ property owner may refuse to allow an assessor to inspect their property. This refusal by the property owner must be either verbal or ~- ~ expressly stated in a letter to the county assessor. If the assessor is _, ~ denied access to view a property, the assessor is authorized to estimate the property's estimated market value by making ~- assumptions believed appropriate concerning the property's finish and condition. ~. _: Elk River Residential Tax Base 1,800,000,000 1,600,000,000 1,400,000,000 1, 200, 000,000 1,000,000,000 800, 000, 000 600,000,000 400,000,000 200, 000, 000 1995 1997 1999 2001 2003 2005 2007 2009 2011 $1,376,238,300 Source Data: State Report Assessment Years .^°R ~+.,,,~ Elk River Market Value by Class AG, 2.58% C&I, 21.30 Apt, 2.96 ^ Residential ^ C&I ^ AG ^ Abt Residential, 73.16% 2011 Spring Adjusted Local Effort Program Assessment Year ~~~ =• • • Elk River Total Tax Rate 140.510% 160 140 120 100 nn ~ 20 0 . 1994 1996 1998 2000 2002 2004 2006 2008 2010 """~- Source: County Auditor Taxes Payable Year Elk River Tax Rate Components ~ City Tax Rate County Tax Rate ,~ School Tax Rate s County Special =~ ~ HRA .r Economic Dev - ~r Total Tax Rate ~~ ~'` Market Value Rate _: Taxes Payable Year 2010 2011 44.560 45.723 44.519 46.342 40.050 43.489 1.860 2.158 1.295 1.266 1.548 1.532 133.832 140.510 .18297% .18800% 28 ~~ 11 Tax a cu ator 2 ~~~ .~. ~• Jurisdiction-School 75-728 ~ Taxable Market Value $198,672 $2,971 (201-1) Residential Homestead 1 a Class Rate Class Rate -=- ~ Net Tax Capacity „ _:r Total Tax Rate Capacity Taxes ..., Market Value Rate Homestead Credit Net Tax Payable 2011 Effective Tax Rate $198,672 $0 1.00% 1.25% 140.510% 18.800% 1.5% $1,987 $1,987 $2,792 $374 - 194 $2,971 29 2009, 2010, 2011 Estimated Taxes 2009 Residential Homestead 2010 Residential Homestead 2011 Residential Homestead Value Tax ETR Hstd G. Value Tax E7R Hstd G. Value Tax EfR Hst d G. 50,000 515 1.03% 200 50,000 561 1.12% 200 50,000 597 1.19% 2C 75,000 772 1.03% 300 75,000 841 1.12% 300 75,000 895 1.19% 3C 100,000 1147 1.15% 282 100,000 1239 1.24% 282 100,000 1311 1.31 % 2E 125,000 1527 1.22% 260 125,000 1642 1.31 % 260 125,000 1731 1.38% 2E 150,000 1907 1.27% 237 150,000 2045 1.36% 237 150,000 2152 1.43% 2~ 175,000 2287 1.31 % 215 175,000 2447 1.40% 215 175,000 "[573 1.47% 21 200,000 2677 1.34% 192 200,000 2850 1.43% 192 200,000 2994 1.50% 15 225 000 3047 1.35% 170 225,000 3253 1.45% 170 225,000 3415 1.52% 17 , 250,000 3427 1.37% 147 250,000 3656 1.46% 147 250,000 3835 1.53% 14 275,000 3807 1.38% 125 275,000 4059 1.48% 125 275,000 4256 1.55% 1~ 300 000 4187 1.40% 102 300,000 4461 1.49% 102 300,000 4677 1.56% 1( ~, , 325,000 4567 1.41 % 80 325,000 4864 1.50% 80 325,000 5098 1.57% E 350,000 4947 1.41 % 57 35D,000 5267 1.50% 57 350,000 5518 1.58% `. 375,000 5327 1.42% 35 375,000 5670 1.51% 35 375,000 5939 1.58% 400,000 5707 1.43% 12 400,000 6073 1.52% 12 400,000 6360 1.59% 1 r: '~ 425,000 450,000 6077 6434 1.43% 1.43% 0 0 425,000 450,000 6465 6846 1.52% 1.52% 0 0 425,000 450,000 6771 7169 1.59% 1.59% 475,000 6792 1.43% 0 475,000 7226 1.52% 0 475,000 7567 1.59% 500,000 7149 1.43% 0 500,000 7606 1.52% 0 500,000 7966 1.59% 525,000 7585 1.44% 0 525,000 8070 1.54% 0 525,000 8452 1.61 550,000 8021 1.46% 0 550,000 8534 1.55% 0 550,000 8938 1.63% 575,000 8457 1.47% 0 575,000 8998 1.56% 0 575,000 9424 1.64% 600,000 8893 1.48% 0 600,000 9462 1.58% 0 600,000 9910 1.65% ~~ 2010 Range of Sales ~. 55 50 45 40 35 30 25 20 15 10 5 ~- 0 $0- $100,000- ~ 130,000- $160,000- $190,000- $220,000- $250,000- $280,000- $310,000- $340,000- $380,000- $410,000- , $99,999 $129,000 $159,000 $189,000 $219,000 249,000 $279,000 $309,000 339,000 $379,000 $409,000 Over ' ~ • ,~ -, ~~~ '!.. t 2010 Median Ratio's Per House Type 105 100 95 90 85 80 75 4~ ti ~' Goy ~1~ Calendar Year 32 End Of Elk River Board of Review Packet 33 Monthly Rent Less Mgmt Fee Assoc dues Taxes Net monthly cash flow Annual Cash flow Projected Cash Flow assume Present Cash TAV of $80M flow times 1.25% 850 850 75 180 258 75 180 83 337 4044 512 6144 ~"~`1~i~ 1008 Sq ft 1BR + Den 1.5BA includes underground parking Paid to Accuity 2900 in 2009 3098 in 2010 3430 in 2011 per assessor website or 10.7% increase Expenses do not include vacancy discount or cost of tenant turnover such as lease fees. Value at 8% cap rate 50550 76800 Value at 9% cap rate 44933 68267 Value at 10% cap rate 40440 61440 ,`~" Property- 633 Main Avenue - #416 '~ Elk River, MN PID 75-795-0416 Value is at best, between $50,000 (what I paid) and $80,000. A. Income approach 1. Based on income approach without any discounts for vacancy or costs of tenant turnover, current value is in the $39M to $49M range. 2. Assuming 80M TAV and 1.25% tax rate, value improves to $60M to $75M. 3. This assumes rental rates above comparable and newer property in Elk River -Lions Park Apartments which is assessed at $43.020/unit. B. Current appraisal of the residential portion of the property as of October 15, 2010 is $80,802 per unit. 1. Highest and best use in the appraiser's expert opinion is market rate rental property. C. Lack of other comparable sales - 1. In fact no condo sales in ER, or for that matter Sherburne County. Usually, lack of comparable sales suggests a lower price, not a higher price. 2. Northstar MLS reports the closest condo sales are in Coon Rapids and Columbia Heights- a. One comparable size unit in Coon Rapids sold for $58,000 November 1, 2010 b. The other unit located in Columbia Heights (Grand Central Lofts) is 1,292 sft and sold for $75,100 12/10/10. So bigger unit in better location sold for less than $80,000. D. Lender mediated sales significantly impacting Elk River residential market. Can't ignore it. 1. In 2010, per the Minneapolis Association of Realtors, distressed home sales made up 60% of home sales in the Elk River Market. 2. In 2010, per the Minneapolis Association of Realtors, average price per square foot was $85. g~c~o~9- ~la~l~r ~o~ ~~ 2011 Elk River Local Board of Appeal and Equalization April 27, 2011 The Department of Revenue issued a memo which indicated that the base value to be used in calculating the average Green Acres value per acre for tillable land was to be $4,300.00. This is based on sales for the five base counties in southwest Minnesota, Lyon, Murray, Nobles, Rock and Pipestone. Sherburne County uses a 75% factor for setting our green acres tillable value. Values are on a parcel or group of parcels 40 acres or more in size. 2011 Estimated Market Values 2a Tillable and Pasture 4500-5000/ac -Same values have been applied to CRP land Waste 500/ac 2b Woods 4500-5000/ac 2011 Green Acres Values 2a Tillable 3325/ac 2a Pasture 1615/ac -Same values have been applied to CRP land Waste 500/ac 2010 Estimated Market Values 2a Tillable and Pasture 5000/ac - 5500/ac -Same values have been applied to CRP land Waste 1300/ac 2b Woods 5000/ac - 5500/ac 2010 Green Acres Values 2a Tillable 3100/ac 2a Pasture 1500/ac -Same values have been applied to CRP land Waste 750/ac Wetlands 2400/ac ,, ~~cf c~u~ ~%~~f( ~-~ ~ I3 ~~ 5,= f' COMPAN_I E S; Providing Exceptional Personal Service 7044 East Fish Lake Road Mapte Grove MN 55311 Phone: 612.435.7770 Fax: 612.435.7771 www.ro cks olidcomlmercial.com Apri126, 2011 Sherburne County Assessor's Office Sherburne County Government Center 13$80 Business Center Dr. Elk River, MN SS330-4601 Elk River City Assessor, Please accept this notification that we wish to appeal the proposed property tax market valuation for 201 i, for taxes payable 2012 on the following pmperty(s); Bluffs of Elk River Attached Sheet. Sincerely, ?-~~ 7'~~~/ Ronald Touchette Broker/CEO Asset Manager RJT/dm Your Full Service Real Estate Brokerage-Licensed in Minnesota & Florida Commercial • OREO and Asset Man~ement Strategies • Investment/Equity • Residential • 1031 Exchange • Property Management • Leasing _ Delivering Exceptional Positive Results ,- Single Line Tax Report Plt7# Owner Name Address County Prop Type 757950001 Minnwest Bank, My 0 Unassigned Address, Elk River, MN Sherburne Commerdal 7579501D1 Minnwest Bank; My 633.Main'St NW Apt 101, Elk River, MN 55330-1793 Sherbume Residential 757950102 Minnwest Bank, My 633 Main St NW Apt 102, Elk River, MN 55330-1793 Sherbume Residential 757950103 Minnwest Bank, My 633 Main St NW Apt 103, Elk River, MN 55330-1793 Sherbume Residential 757950104 Minnwest Bank, My 633 Main St NW Apt'104, Elk River, MN 55330-1793 Sherbume Residential 757950105 Minnwest Bank, My 633 Main St NW Apt 105, :Elk River, MN 55330-1793 Sherbume Residential 757950106 Minnwest Bank, My 633 Main St NW Apt 106, Elk River, MN 55330-9793 Sherbume Residential 757950107 Minnwest Bank, My 633 Main St NW Apt 107, E!k River, MN 55330-1793 Sherburne Residential 757950202 .Minnwest Bank, My 633 Main St NW Apf 202, Elk River, MN 55330-1783 Sherburne Residential 757950203 Minnwest Bank, My 633 Main St NW Apt 203, Elk R'IVer, MN 55330-1783 Sherburne Residential 757950204 Minnwest Bank, My 633 Main St NW Apt 204, Elk River, MN 55330-1783 Sherburne Residential 757950205 Minnwest Bank, My 633 Main St NW Apt 205, Elk River, MN 55330-1783 Sherbume Residential 757950206 Minnwest Bank, My 633 Main St NW Apt 20fi, Elk River, MN 55330-1783 Sherbume Residential 757950207. Minnwest Bank, My 633 Main St NW Apt 207, Elk River, MN 55330-1783 Sherbume Residential 757950208 Minnwest Bank, My 633 Main St NW Apt 208, Elk River, MN 55330-1783 Sherbume Residential 757950209 Minnwest Bank, My 633 Main'St NW Apt 209, Elk River, MN 55330-1783 Sherbume Residential 757950210 Minnwest Bank, My 633 Main St NW Apt 210, Elk River, MN 55330-1792 Sherburne Residential 757950219 Minnwest Bank, My 633 Main St NW Apt 211, Elk River, MN 55330-1792 Sherbume Residential 757950212 Minnwest Bank, My 633 Main St NW Apt 212, Elk River, MN 55330-1792 Sherbume Residential 757950213 Minnwest Bank, My 633 Main St NW Apt 213, Elk River, MN 55330-1792 Sherbume Residential 757950214 Minnwest Bank, My 633 Main St NW Apt 214, Elk River, MN 55330-1792 Sherbume Residential 757950215 Minnwest Bank, My 633 Main St NW Apt 215, Elk River, MN 5533D-1792 Sherbume Residential 757950216 Minnwest Bank, My 633 Main St NW Apt 216, Elk River, MN 55330-1792 Sherbume Residential 757950217 Minnwest Bank, My 633 Main St NW Apt 217, Elk River, MN 55330-1792 Sherbume Residential 757950218 Minnwest Bank, My 633 Main St NW Apt 218, Elk River, MN 55330-1792 Sherbume Residential 757950219 Minnwest Bank, My 633 Main St NW Apt 219, Elk River, MN 55330-1792 Sherburne Residential 757950220 Minnwest Bank, My 633 Main St NW Apt 220, Elk River, MN 55330-1792 Sherburne Residential 757950304 Minnwest Bank, My 633 Main St NW Apt 301, Elk River, MN 55330-1795 Sherburne Residential 757950302 Minnwest Bank, My 633 Main St NW Apt 302, Elk River, MN 55330-1795 Sherbume Residential 757950303 Minnwest Bank, My 633 Main St NW Apt 303, Elk River, MN 55330-1795 Sherbume Residential 757950304 Minnwest Bank, My 833 Main St NW Apt 304, Elk River, MN 55330-1795 Sherbume Residential 757950305 Minnwest Bank, My 633 Main St NW Apt 305, Elk River, MN 55330-1795 Sherbume Residential 757950306 Minnwest Bank, My 833 Main St NW Apt 306, EIk River, MN 55330-1795 Sherbume Residential 757950307 Minnwest Bank, My 833 Main St NW Apt 307, Elk River, MN 55330.1795 Sherburne Residential 757950308 Minnwest Bank, My 633 Main St NW Apt 308, Elk River, MN 55330-1795 Sherburne Residential 757950309 Minnwest Bank, My 633 Main St NW Apt 309, Elk River, MN 55330-1795 Sherburne Residential 757950310 Minnwest Bank, My 633 Main St NW Apt 310, Elk River, MN 55330-1785 Sherburne Residential 757950311 Minnwest Bank, My 633 Main St NW Apt 311, Elk River, MN 55330-1785 Sherbume Residential 757950312 Minnwest Bank, My 633 Main St NW Apt 312, Elk River, MN 55330-1785 Sherbume Residential 757950313 Minnwest Bank, My 633 Main St NW Apt 313, Elk River, MN 55330-1785 Sherbume Residential 757950314 Minnwest Bank, My 633 Main St NW Apt 314, Elk River, MN 55330-1785 Sherbume Residential 757950315 Minnwest Bank, My 633 Main St NW Apt 315, Elk River, MN 55330-1785 Shertwme Residential 757950316 Minnwest Bank, My 633 Main St NW Apt 316, Elk River, MN 55330-1785 Sherbume Residential 757950317 Minnwest Bank, My 633 Main St NW Apt 317, Elk River, MN 55330-1785 Sherbume Residential 757950318 Minnwest Bank, My 633 Main St NW Apt 318, Elk River, MN 55330-1785 Sherburne Residential 757950319 Minnwest Bank, My 633 Main St NW Apt 379, Elk River, MN 55330-1785 Sherburne Residentia! 757950320 Minnwest Bank, My 633 Main St NW Apt 320, Eik River, MN 55330-1785 Sherburne Residential 757950401 Minnwest Bank, My 633 Main St NW Apt 401, Elk River, MN 55330-1818 Sherburne Residential 757950402 Minnwest Bank, My 633 Main St NW Apt 402, Elk River, MN 55330-1818 Sherbume Residential Report Created By: DeLayne Muehtbauer Report Date: Tuesday, April 26, 2D11 4:48 pm Information is Believed to be Accurate But Not Guaranteed All information contained herein is for the exclusive use of authorized MLS Subscribers. Copyright ®2011 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Single Line Tax Report PID# Owner Name 757950403 Minnwest Bank, My 757950404 Minnwest Bank; My 757950405 Minnwest Bank, My 757950406 Minnwest Bank, My 757950407 Minnwest Bank, My 757950406 Minnwest Bank, My 757950409 Minnwest Bank, My 757950410 Minnwest Bank, My 757950411 Minnwest Bank, My 757950412 Minnwest Bank, My 757950413 Minnwest Bank, My 757950414 - Minnwest Bank, My P5~96fs141B 757950417 Minnwest Bank, My 757950418 Minnwest Bank, My 757950419 Minnwest Bank, My 757950420 Minnwest Bank, My Address 633 Main St NW Apt 403, Elk River, MN 55330-1818 636 Main St NW Apt 404, Elk River, MN 55330-1818 633 Main St NW Apt 405, Elk River, MN 55330-1818 633 Main St NW Apt 406, Elk River, MN 5533D-1818 833 Main Si NW Apt 407, Elk River, MN 55330-181 B 633 Maln St NW Apt 408, Elk River, MN .55330-1818 633 Main St NW Apt 409, Elk River, MN 55330-1818 633 Main St NW Apt 410, Elk River, MN 55330-1818 633 Main St NW Apt 411, Elk River, MN 5533U-1786 633 Main 5t NW Apt 412, Elk River, MN 55330-1786 633 Main St NW Apt 413, Elk River, MN 55330-1786 633 Main St NW Apt 414, Elk River, MN 55330-1786 633 Main St NW Apt 417, Elk River, MN 55330-1786 633 Main St NW Apt 418, Elk River, MN 55330-1786 633 Main St NW Apt 419, Elk River, MN 55330-1786 633 Main St NW Apt 420, Elk River, MN 55330-1786 County Prop Type Sherburne Residential Sherburne Residential 5herbume Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential 9ie 4ieeld~atral Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Report Created 13y: DeLayne Muehlbauer Report Date: Tuesday, April 26, 2011 4:48 pm Information is Believed to be Accurate But Not Guaranteed All information contained herein is for the exclus'nre use of authorized MLS Subscribers. Copyright ©2011 Regional Mukiple Listing Service of Minnesota, Inc. All Rights Reserved. The Bluffs of Elk River ~~11 FM\/ Owner Minnwest Bank PID 75-795-0101 Land 17600 Bld 10300 Total Owner PID Land Bld LU I I GIVI V Total Minnwest Bank 75-795-0102 17600 0 10 120600 Minnwest Bank 75-795-0301 17600 92100 109700 Minnwest Bank 75-795-0103 17600 3000 10300 120600 Minnwest Bank 75-795-0302 17600 92100 109700 Minnwest Bank 75-795-0104 17600 0 103 120600 Minnwest Bank 75-795-0303 17600 117000 134600 Minnwest Bank 75-795-0105 17600 000 103 120600 Minnwest Bank 75-795-0304 17600 122100 139700 Minnwest Bank 75-795-0106 17600 000 1030 120600 Minnwest Bank 75-795-0305 17600 109900 127500 Minnwest Bank 75-795-0107 17600 00 115300 120600 Minnwest Bank 75-795-0306 17600 117500 135100 Minnwest Bank 75-795-0202 17600 829 132900 Minnwest Bank 75-795-0307 17600 109900 127500 Minnwest Bank 75-795-0203 17600 00 11700 100500 Minnwest Bank 75-795-0308 17600 135300 152900 Minnwest Bank 75-795-0204 17600 0 122 134600 Minnwest Bank 75-795-0309 17600 112900 130500 Minnwest Bank 75-795-0205 17600 100 1099 139700 Minnwest Bank 75-795-0310 17600 135300 152900 Minnwest Bank 75-795-0206 17600 00 117 127500 Minnwest Bank 75-795-0311 17600 112900 130500 Minnwest Bank 75-795-0207 17600 500 10990 135100 Minnwest Bank 75-795-0312 17600 135300 152900 Minnwest Bank 75-795-0208 17600 0 13 3 127500 Minnwest Bank 75-795-0313 17600 112900 130500 Minnwest Bank 75-795-0209 17600 5 00 10990 152900 Minnwest Bank 75-795-0314 17600 135300 152900 Minnwest Bank 75-795-0210 17600 0 13 127500 Minnwest Bank 75-795-0315 17600 112900 130500 Minnwest Bank 75-795-0211 17600 5300 10 152900 Minnwest Bank 75-795-0316 17600 130700 148300 Minnwest Bank 75-795-0212 17600 9900 13 127500 Minnwest Barik 75-795-0317 17600 136400 154000 Minnwest Bank 75-795-0213 17600 5300 11290 152900 Minnwest Bank 75-795-0318 17600 135500 153100 Minnwest Bank 75-795-0214 17600 0 13 130500 Minnwest Bank 75-795-0319 17600 129600 144500 Minnwest Bank 75-795-0215 17600 5300 1 152900 Minnwest Bank 75-795-0320 17600 96900 114500 12900 130500 Minnwest Bank 75-795-0216 17600 130 700 148300 Minnwest Bank 75-795-0217 17600 136 400 154000 Minnwest Bank 75-795-0218 17600 13550 0 153100 Minnwest Bank 75-795-0219 17600 126 900 144500 Minnwest Bank 75-795-0220 17600 969 00 114500 2011 EMV Owner PID Land Bld Total Minnwest Bank 75-795-0401 17600 92100 109700 Minnwest Bank 75-795-0402 17600 92100 109700 Minnwest Bank 75-795-0403 17600 117000 134600 Minnwest Bank 75-795-0404 17600 122100 139700 Minnwest Bank 75-795-0405 17600 108500 126100 Minnwest Bank 75-795-0406 17600 117900 135500 Minnwest Bank 75-795-0407 17600 108500 126100 Minnwest Bank 75-795-0408 17600 128900 146500 Minnwest Bank 75-795-0409 17600 106400 124000 Minnwest Bank 75-795-0410 17600 125800 143400 Minnwest Bank 75-795-0411 17600 106400 124000 Minnwest Bank 75-795-0412 17600 125800 143400 Minnwest Bank 75-795-0413 17600 106400 124000 Minnwest Bank 75-795-0414 17600 128900 146500 Minnwest Bank 75-795-0415 17600 117000 134600 Russ Bushman 75-795-0416 17600 108000 125600 Minnwest Bank 75-795-0417 17600 136400 154000 Minnwest Bank 75-795-0418 17600 109400 127000 Minnwest Bank 75-795-0419 17600 126900 144500 Minnwest Bank 75-795-0420 17600 96900 114500 41a-~lu April 21St, 2011 Gerald Kritzeck Sherburne County Assessor 13880 Business Center Drive Elk River, MN 55330 RE: City of Elk River, Local Board of Appeal and Equalization Dear Mr. Kritzeck, We wish to appeal the 2011 assessment for property taxes payable in 2012 for the parcels shown on the attached 2 pages. You have my permission to discuss this property with our appraiser, Laurie Karnes of Land For Sale, Inc. Her email is landforsale~a visi.com. Sincerely, ~~._s / ._ _._.. ~----~ L~~'-~ Bryan T. Talbot Controller, Novak-Fleck, Inc. GSS, LLC page 2 City of Elk River Local Board of Appeal andyyEqualization 1 SHERBURNE COUNTY o~ ~ ~ ~ ~ ~~ ~'°' ',PID Lot Blk 11 EMV 756880114 7 1 $54,000 756880334 17 3 $54,000 756880336 18 3 $54,000 756880338 19 3 $54,000 756960114 7 1 $27,000 756960116 8 1 $27,000 756960118 9 1 $27,000 756960120 10 1 $27,000 756960122 11 1 $27,000 756960124 12 1 $27,000 756960126 13 1 $27,000 756960128 14 1 $27,000 756960130 15 1 $27,000 756960132 16 1 $27,000 756960134 17 1 $27,000 756960136 18 1 $27,000 756960138 19 1 $27,000 _____ 756960140 20 1 $27,000 756960142 21 1 $27,000 756960144 22 1 $27,000 756960210 5 2 $27,000 756960212 6 2 $27,000 ' 756960214 7 2 $27,000 756960216 8 2 $27,000 756960218 9 2 $27,000 GSS, LLC page 3 City of Elk River Local Board of Appeal and Equalization 756960220 10 2 $27,000 756960222 11 2 $27,000 756960224 12 2 $27,000 756960226 13 2 $27,000 '~ 756960228 14 2 $27,000 756960230 15 2 $27,000 756960232 16 2 $27,000 756960234 17 2 $27,000 756960236 18 2 $27,000 756960238 19 2 $27,000 756960240 ~ 757310106 20 3 2 1 $27,000 $48,400 757310108 4 1 $48,400 757310110 5 1 $48,400 757310112 6 1 $48,400 757310116 8 1 $48,400 757310118 9 1 $48,400 757310130 15 1 $48,400 757310304 2 3 $48,400 757310404 2 4 $48,400 757310406 3 4 $48,400 757310408 4 4 $48,400 757310410 5 4 $48,400 757310412 6 4 $48,400 757310414 7 4 $48,400 757310416 8 4 $48,400 757560302 1 3 $21,300 757560304 2 3 $21,300 757560306 3 3 $21,300 757560308 4 3 $21,300 1, ~~ f~',~~~ ._~ `,~ K -- ``~ gY: ', X2011 Assessed Values SF -Single Family TH - Townhome PID LOT BLOCK 2011 EMV PID LOT BLOCK 2011 EMV 75-688-0114 7 1 $43,200 SF 75-696-0220 10 2 $19,400 TH 75-688-0334 17 3 $43,200 SF 75-696-0222 11 2 $19,400 TH 75-688-0336 18 3 $43,200 SF 75-696-0224 12 2 $19,400 TH 75-688-0338 19 3 $43,200 SF 75-696-0226 13 2 $19,400 TH 75-696-0114 7 1 $19,400 TH 75-696-0228 14 2 $19,400 TH 75-696-0116 8 1 $19,400 TH 75-696-0230 15 2 $19,400 TH 75-696-0118 9 1 $19,400 TH 75-696-0232 16 2 $19,400 TH 75-696-0120 10 1 $19,400 TH 75-696-0234 17 2 $19,400 TH 75-696-0122 11 1 $19,400 TH 75-696-0236 18 2 $19,400 TH 75-696-0124 12 1 $19,400 TH 75-696-0238 19 2 $19,400 TH 75-696-0126 13 1 $19,400 TH 75-696-0240 20 2 $19,400 TH 75-696-0128 14 1 $19,400 TH 75-731-0106 3 1 $43,200 SF 75-696-0130 15 1 $19,400 TH 75-731-0108 4 1 $43,200 SF 75-696-0132 16 1 $19,400 TH 75-731-0110 5 1 $43,200 SF 75-696-0134 17 1 $19,400 TH 75-731-0112 6 1 $43,200 SF 75-696-0136 18 1 $19,400 TH 75-731-0116 8 1 $43,200 SF 75-696-0138 19 1 $19,400 TH 75-731-0118 9 1 $43,200 SF 75-696-0140 20 1 $19,400 TH 75-731-0130 15 1 $43,200 SF 75-696-0142 21 1 $19,400 TH 75-731-0304 2 3 $43,200 SF 75-696-0144 22 1 $19,400 TH 75-731-0404 2 4 $43,200 SF 75-696-0210 5 2 $19,400 TH 75-731-0406 3 4 $43,200 SF 75-696-0212 6 2 $19,400 TH 75-731-0408 4 4 $43,200 SF 75-696-0214 7 2 $19,400 TH 75-731-0410 5 4 $43,200 SF 75-696-0216 8 2 $19,400 TH 75-731-0412 6 4 $43,200 SF 75-696-0218 9 2 $19,400 TH 75-731-0414 7 4 $43,200 SF 75-731-0416 8 4 $43,200 SF 75-756-0302 1 3 $19,400 TH 75-756-0304 2 3 $19,400 TH 75-756-0306 3 3 $19,400 TH 75-756-0308 4 3 $19,400 TH ~. _ r~ ~~.~Uu,~~~l~ Dear, Board of Appeal and Equalization, I am unable to attend the Local Board of Appeal and Equalization meeting. I had 1°arge spinal fusion with instrumentation and have had a few complications. Sitting or standing for long periods at the meeting would be difficult. I hope you can accept my letter. My home is located at 19737 Lowell Street NW Elk River. I feel the assessed tax value $200,900 for 2011 is high for my particular property. My home is 24 years old, built in 1987. My tot is 1.98 acres. I have 3 bedrooms, one bath with a basic bath tub and one''/2 bath. No whirlpool or Jacu~i. I do not have a master bath. My property is showing a great deal of depreciation. Other than new furnace, water softener and fireplace updates, most things are either original or older. The windows are original. The trim and woodwork are original and showing a great deal of wear. All exterior doors except one pine door replaced many years ago are painted steel (inside} and are original. All carpet and flooring is original except living room and hall replaced many years ago. All interior paint and wall coverings have not been updated in many years. Lavatory and kitchen faucet fixtures are original and in very poor condition with corrosion. The stave is original, and the other appliances are substantial age. 3/a of the walkout level is finished with cedar walls many years ago, '/ is un-finished (laundry roam) with exposed pipes, ducts and vents on the walls and ceiling and cement floor. '/~ of the underground basement is finished, (no legal windows}, 1/z is unfinished exposed black walls and cement floor. The exterior is the original painted fiber board. I have the original asphalt driveway and it very much needs replacement. My home does show it's age and depreciation, and it lacks valuable amenities and qualities other comparable homes offer. Please compare the enclosed homes that sold between October 1°` 2009 and September 30~' 2010. According to records these properties were not bank or sheriff owned. The first 3 pm~rties sold for close to and one at less than my assessed value, and have a great deal more value to offer. 18028 Kent St. sold for $203,000. It is nearly the same sq ft finished as my property. It has a smaller lot but, is 10 years newer and includes 4 bedrooms, 3 baths including master bath and whirlpool, main floor laundry, 3 car garage, metallvinyUstone exterior, sprinkler system and new siding, roof, carpet and paint. 20068 Ironton St sold for $198,000. It has a smaller lot, but has 226 more sq ft finished, 4 bedrooms, 3 baths including Master bath, vaults, wood floors, new stainless appliances and is 2 years newer. 14014 2018` Ave sold for $210,000. The property is the same age and far surpasses my property in value and amenities and sold at only $9,100 above my assessed value. It ofl'ers, more acreage - 2.330 acres with a pond,172 more sq ft finished, 5 bedrooms, 3 baths, 3 car garage, hot tub, 4 season porch, and new carpet and paint. 21434 Concord St sold for $122,000. It is 8 years older, with a anadditional'/: an acre lot and an additional 112 ft sq foot finished with a master bath. It appears to be a beautiful home. If it is a legitimate comparison, it just exemplifies the decrease in market values. There are some nice homes in my neighborhood. Bnt my home is not of that category or curb appeal. My home is the same as the picture except for the addition of furnace pipes near the front door and several trees removed. I hope that you will assess the value of my property as it is, not upon the value and curb appeal of other nicer homes in my neighborhood. I believe the assessed value of my property is at most $1802000. A properties taxable value shouldn't be more than what it could sell for. Please consider these factors. Thank you very much for your time. atinevu.lr~„ `~2azti-~J ~OGt0?t.F - ?sp 3 - ~f ~,F l - 4 y 7 ~ # 15 ~-. 2011 ELK RIVER BOARD OF EQUALIZATION OWNER: ROGER GUS ENTERPRISES, LLC ADDRESS: P O BOX 795 WILLMAR MN 56201 LEGAL: Lot 15 Block 1 Deerfield Second Addition PARCEL# 75-510-0175 Physical Address: 11537 197th Ave NW Elk River, NIN 55330 An arbitrary assessment was performed because Appraiser was unable to make an interior inspection. On April 21st, 2011 an interior inspection was completed. I recommend the following changes. Assessment of property is as follows: Before change Land Building Total $47,800 $186,100 $233,900 After change Land Building Total $47,800 $118,600 $166,400 Decrease : $67,500 2011 ELK RIVER BOARD OF EQUALI7_,ATION OWNER: BERG, GARY J & LORI L ADDRESS: 19077 CARSON ST NW ELK RIVER MN 55330-2690 LEGAL: Lot 13 Block 1 Deerfield Fourth Addition PARCEL# 75-532-0126 Physical Address: 19077 Carson St NW Elk River, MN 55330 15 P~, An arbitrary assessment was performed because Appraiser was unable to make an interior inspection. On April 25th, 2011 an interior inspection was completed. I recommend the following changes. Assessment of property is as follows: Before change Land Building Total $46,000 $164,700 $210,700 After change Land Building Total $46,000 $126,400 $172,400 Decrease : $38,300 2011 ELK RIVER BOARD OF EQUALIZATION OWNER: STANLEY, JAMES F & DENISE L ADDRESS: 19096 CARSON ST NW ELK RIVER MN 55330-2690 LEGAL: Lot 10 Block 2 Deerfield Fourth Addition PARCEL# 75-532-0220 ~- 15 An arbitrary assessment was performed because Appraiser was unable to make an interior inspection. On April 25th, 2011 an interior inspection was completed. I recommend the following changes. Assessment of property is as follows: Before change Land Building Total $46,000 $167,500 $213,500 After change Land Building Total $46,000 $112,900 $158,900 C Decrease : $54,600 15 J 2011 ELK RIVER BOARD OF EQUALIZATION OWNER: DANIELSON, JASON E ADDRESS: 11080 190 '/2 AVE NW ELK RIVER MN 55330 LEGAL: Lot 7 Block 3 Royal Oaks Ridge PARCEL# 75-522-0314 An arbitrary assessment was performed because Appraiser was unable to make an interior inspection. On Apri127th, 2011 an interior inspection was completed. I recommend the following changes. Assessment of property is as follows: Before change Land Building Total $48,200 $217,800 $266,000 After change Land Building Total $48,200 $166,200 $214,400 Decrease : $51,600 X15 ~ 2011 ELK RIVER BOARD OF EQUALIZATION OWNER: STUDNISKI, EDWARD & KRISTINE ADDRESS: 9936 174t" AVE NW ELK RIVER MN 55330 LEGAL: Lot 34 Block 1 Hidden Creek Country Estates PARCEL# 75-523-0168 An arbitrary assessment was performed because Appraiser was unable to make an interior inspection. On April 27th, 2011 an interior inspection was completed. I recommend the following changes. Assessment of property is as follows: Before change Land Building Total $50,600 $204,500 $255,100 After change Land Building Total $50,600 $128,700 $179,300 Decrease : $75,800 ~I 15 2011 ELK RIVER BOARD OF EQUALIZATION OWNER: ISENGA-COBLENTZ, JENNIFER ADDRESS: 20321 AUBURN STREET NW ELK RIVER MN 55330 LEGAL: Lot 6 Block 2 Deerfield First Addition PARCEL# 75-508-0230 An arbitrary assessment was performed because Appraiser was unable to make an interior inspection. On Apri127th, 2011 an interior inspection was completed. I recommend the following changes. Assessment of property is as follows: Before change Land Building Total $50,600 $138,300 $188,900 After change Land Building Total $50,600 $97,400 $148,000 Decrease : $40,900 Narlc~o~f ~ t~ ~I~~~, Bill Riley From: Diane Young [DYoung@nccpes.com] Sent: Wednesday, April 27, 2011 4:38 PM To: Bill Riley Subject: Parcel 75-566-0230 Request to present at Local Board Bill, Per our phone conversation, please present the information we submitted to you on the Valvoline in Elk River, parcel 75- 566-0230, to the Local Board of Review tonight. Thanks, Diane Diane Young Nationwide Consulting Co., Inc. (201) 670-7400 Ext. 3115 DYounc~(7a nccpes.com CAL NATIONWIDE CONSULTING COMPANY, INC. P.O. BOX 548, 66 GLEN AVENUE, GLEN ROCK, NEW JERSEY 07452 TEL (201) 670-7400 FAX (201) 670-7959 www.nccpes.com April 8, 2011 Sherburne County Assessor's Office 13880 Business Center Drive Elk River, MN 55330 Attn: Bill Riley RE: Valvoline Instant Oil Change Parcel 75-566-0230 Dear Bill: As discussed, we wish to have the assessment on the referenced property reviewed. It is our opinion that the 2011 assessment of $502,000 is excessive and exceeds the property's market value as of the 1J1/2011 date of value. We are supplying market information which supports a lower value. The subject property is the Valvoline Instant Oil Change located at Hillside Crossing on Evans St NW. The subject sits on 0.93 acres and has 3drive-through oil change bays and a very small office area. The gross building area, including the basement pits, is 1,792 square feet. It is our estimate that the first floor area is approximately 1,200 square feet. The Quick Lube located at 522 Dodge Ave NW is still vacant and being offered for sale. This facility is located a mile down the road from the subject in a very comparable location just off the highway. It sits on 1.08 acres and has 3drive-through oil change bays and a sizeable office area. The square footage quoted on the listing is 2,100 square feet, while we estimate the first floor square footage to be 2,000 square feet. It was previously being marketed with an asking price of $549,000. The asking price has been reduced to $397,500. As this is an asking price, the actual sale price will be lower due to negotiations. The first floor area of the subject is approximately 60% of the size of the Quick Lube. As such, the Quick Lube has both a larger building and larger land size. Therefore, it is our opinion that the subject property should be valued less than the Quick Lube. We are providing the details of some sales transactions and listings which illustrate the tendency for large price reductions along with a general ballpark of what these types of facilities are selling for. As three of the sales are older, their sale prices would be adjusted downward to account for the weakening of the market due to current economic conditions. Please note square footages for these properties vary, as some listings show first floor area, while others include pit areas to list the gross area, and still others are based off of rough estimates. Therefore, each property listed shows the square footage claimed on the listing as well as our estimate of the first floor area. We have provided a summary sheet of these comparables along with averages of key indicators of value. Based on the four sales, the average sale price was $363,750, which represents an average 18% decrease from the original asking price. The average amount of time on the market was 14 months, and the average sale price per first floor square foot was $258.62. The five current offerings have an average asking price of $339,500, which represents an average decrease of 32% from the original asking price. The average amount of time on the market is 29 months and the average asking price per square foot is $267.19. Based on these indicators, the decline in the market since the sales occurred is reflected in lower asking prices, larger discounts, and longer marketing periods. As these properties still have not sold, their eventual sales prices and prices per square foot will be lower still. The current assessment of the subject property is $502,000, which is well above all of the sales prices and current offering prices of the comparables. The subject's assessment per first floor square foot of $418.33 is also above all of the sales and listings value indicators. It is our opinion that as of the 1/1/2011 date of value, the subject would have sold for no more than $300,000, or $250.00 per first floor square foot. Based on the sales and offering data, as well as the still vacant and for sale Quick Lube in Elk River, it is our opinion that this value is more than reasonable. Please review this information. I would like to discuss it with you prior to the local and County Board meetings to see if we can come to a reasonable agreement. You can reach me at 201-670-7400 ext. 3115. Thank you for your cooperation in this matter. Sincerely, ~ ~ n lane Youn g~ Property Tax Consult~'nt y la`s ~ c ~ Providing Exceptional Personal Service 7044 East Fish Lake Road Ma le Grove, MN 55311 Phone: 612.435.7770 Fax: 612.435.7771 -~:~- . www.rocksolidcommercial.cam April 26, 2011 Sherburne County Assessor's Gffice Sherburne County Government Center 13880 Business Center Dr. Elk River, MN 55330-4601 Elk River City Assessor, Please accept this notification that we wish to appeal the proposed property tax market valuation for 2011, far taxes payable 2012 on the following property~s): See Attached Sheet. Sincerely, .¢~ Ronald Touchette Broker/CEO Asset Manager RJT/dm Your Full Service heal Estate Brokerage-Licensed in Minnesota ~ Florida Commercial • OREO and Asset Management Strategies • Investment/E uity • Residential • 1031 Exchan e • Pro a Management • Leasing Delivering Exceptional Positive Results ~ingl~ Line Tex R~~~rt plD# Owner Name Address County prop Type 754040152 C E Murphy Properties, LLC 0 Unassigned Address, Elk River, MN Sherbume Commercial ,! 754050410 C E Murphy Properties, LLC 657.Main"8t NW, Elk River, MN 55330-1584 Sherbume Commercial ? ~ P~ ~ ;^\. rr Report Created By: DeLayne Muehlbauer Report Date: Tuesday, April 26, 2011 4:46 pm Information is Believed to be Accurate But Not Guaranteed All information contained herein is for the exclusive use of authorized MLS Subscribers. Copyright ©2011 Regional Multiple Listing Service of Minnesota, Inc, All Rights Reserved. out- ~ ~q ~~~~~f1 PP! ,: G O M PAN I E Si: Providing Exceptional Personal Service 7044 East Fish Lake Road Manle Grove MN 55311 Phone: 612 435 7770 Fax• 612 435 7771 www.rocksalidcommerclial.com Apri126, 2011 Sherburne County Assessor's Office Sherburne County Government Center 13880 Business Center Dr. EIk River, MN 55330-4601 Elk River City Assessor, Please accept this notification that we wish to appeal the proposed property tax mazket valuation far 2011, far taxes payable 2012 ~on the following property(s}: Woodland Hills 1. PID # 75-736-0030 -Sect 28 Twp .33.0 Rg 26 Outlot C 2. PID # 75-736-0205 -Sect 29 Twp 33.0 Rg 26 Lot 1 Blk 2 3. PID # 75-736-0210 -Sect 29 Twp 33.0 Rg 26 Lot 2 Blk 2 4. PID # 75-?3b-0255 -Sect 29 Twp 33.0 Rg 26 Lot 11 Blk 2 5. PID # 75-736-0110 -Sect 29 ~Twp 33.0 Rg 26 Lot 2 Blk 1 6. FID # 75-736-0115 -Sect 29 Twp 33.0 Rg 26 Lot 3 Blk 1 7. PID # 75-736-0215 -Sect 29 Twp X3.0 Rg 26 Lot 3 Blk 2 8. PID # 75-736-0225 -Sect 29 Twp 330 Rg 2b Lot 5 Blk .2 9. PID # 75-736-0315 -Sect 29 Twp 33.@,Rg 26 Lot 3 Blk 3 10. PID # 75-736-0320 -Sect 29 Twp 33.0 26 Lot 4 Blk 3 11. PID # 75-73b-0420 -Sect 29 Twp 33.0 R~, 26 Lot 4 Blk 4 12. PID # 75-736-0425 -Sect 29 Twp 33A Rg ~6 Lot 5 Blk 4 13. PID # 75-736-0430 -Sect 29 Twp 33.0 Rg 26,Lot6 Blk 4 14. PID # 75-736-0250 -Sect 29 Twp 33.0 Rg 26 Lit 10 Blk 2 :Elk River City 1. PID # 75-130-1101- Secl;30 TiWp 33.0 Rg 26 Acres: 5.00 2. PID # 75-132-2426 -Sect 3~0 Twp 33.0 Rg 26 Acres: 1.80 3. PID # 75-013-1415 -Sect 1~``Y'wp 32.0 Rg 26 Acres: 4.79 Your FuII Service Real Estate Brokerage-Licensed in Minnesota & Florida Commercial • OREO and Asset Management Strategies • Investment/Equ~ • Residential • 1031 Exchange • Property Management • Leasing Delivering Exceptional Positive Results ~~la~ fir s ~~ rs G p '~ ;p A~°,, I E S ao Providing Exceptional Personal Service 7444 East Fish Lake Road -Maple Grove MN SS311 Phone• b12 435 7774 Fax• 612 435 7771 www.roGksolidcom>tnercial.com April 27, 2011 Sherburne County Assessor's Office Sherburne County Government Center 13880 Business Center Dr. Elk River, MN 55330-4601 City of Elk River Assessor, Please accept this notification that we wish to appeal the proposed property tax market valuation for 2021, for taxes payable 2012 an the following property(s): 1. PID # 75-597-0110 2. PID # 75-•597-0105 Sincerely, Ronald J. Touchette Broker/CEO Asset Manager RJT/dm Your Fnll Service Real Estate Brokerage-Licensed in Minnesota & Florida Commercial • OREG and Asset Management Strategies • Investment/Equity • Residential • 1031 Exchange • Property Management Leasing Delivering Exceptional Positive Results -~C~t"1C~ac,:~ `~~ t 4 la-~ 1 ~ ~ 2011 City of Elk River Board of Appeal and Equalization Apri127st, 2011 Recommendations from County Assessor For changes to the 2011 Assessment BURY, RICHARD B 4175 TRILLIUM LN E MOUND MN 55364-7730 PROPERTY TYPE: VACANT LAND: ACRES: 8.3 ACRES 2011 Original Land Building 243-0 $ 75,000 $ 0 151-0 $ 3,300 $ 0 TOTAL EMV 2011 Suggested Change Land Building 243-0 $ 57,800 $ 0 151-0 $ 3,300 $ 0 TOTAL EMV P.I.N. 75-104-4410 COMMERCIAL/SEASONAL REC Total $75,000 $ 3,300 $78,300 Total $57,800 $ 3,300 $61,100 Reduction: A $17,200 reduction to the (243-) commercial land. Reason: A downward reduction of $2,900 per acre for 5.91 acres was made to the commercial gravel classified acreage for a size adjustment. ~I~,d~u+- ~aa ~+la~lii 2011 City of Elk River Board of Appeal and Equalization Apri127st, 2011 Recommendations from County Assessor For changes to the 2011 Assessment BURY, RICHARD B 4175 TRILLIUM LN E MOUND MN 55364-7730 P.I.N. 75-109-1100 PROPERTY TYPE: VACANT LAND: ACREAGE: 110.75 2011 Original Land Building 243-0 $ 988,300 $ 0 151-0 $ 21,800 $ 0 TOTAL EMV 2011 Suggested Change Land Building 243-0 $ 806,200 $ 0 151-0 $ 21,800 $ 0 TOTAL EMV COMMERCIAL /SEASONAL REC Total $ 988,300 $ 21,800 $1,010,100 Total $ 806,200 $ 21,800 $ 828,000 Reduction: A $182,100 reduction to the (243-0) commercial land. Reason: A downward reduction of $2,900 per acre for 62.80 acres was made to the commercial gravel classified acreage for a size adjustment. ~}ra-,iii 2011 City of Elk River Board of Appeal and Equalization Apri127st, 2011 Recommendations from County Assessor For changes to the 2011 Assessment HOULTON INVESTMENT CO P.LN. 75-134-2303 C/O WILLIAM HOULTON 1801 MAIN ST ELK RIVER MN 55330 PROPERTY TYPE: VACANT LAND ZONED C-2 ACREAGE: 1.76 LEGAL DESCRIPTION: PARCEL D-S. THAT PT OF THE FOLLOWING DESC PARCEL D LYING S OF WLY EXTENSION OF CTRLINE OF 6TH ST (FORMERLY PLATTED AS 8TH ST) AS (ETC.) 2011 Original Land $ 388,000 Building $ 0 Total $ 388,000 2011 Suggested Change Land $236,800 Building $ 0 Total $236,800 Reduction: A reduction to the land of $151,200. Reason: After reviewing the property a reduction will be made to $3.09 per s.f. due to the necessity of filling the lot to be buildable, reduction for road, and market condition. ~c~n~vu~ °~ a ~~a~ / ~ i 2011 City of Elk River Board of Appeal and Equalization Apri127s`, 2011 Recommendations from County Assessor For changes to the 2011 Assessment DEAN & BARBARA JOHNSON HOLDING, LP P.I.N. 75-627-0110 3915 COUNTY RD 44 MINNETRISTA MN 55364 PROPERTY TYPE: COMMERCIAL /PRECISION TUNE /STRIP MALL LEGAL DESCRIPTION: LOT 2, BLK 1, ELK RIVER RETAIL CENTER NO TWO 2011 Original Land $ 318,900 Building $ 691,800 Total $ 1,010,700 2011 Suggested Change Land $ 318,900 Building $ 576,700 Total $ 895,600 Reduction: A reduction to the building of $115,100. Reason: After reviewing the property a 5% reduction was made due to the condition of the building and an 11.6% reduction was made for high vacancy for the 2011 assessment. ~~ ~ ~~ /2S(~~~ v~ ~-c~ U ~ -~ -Foy 2 ~%1( /~~~w~~c~: ~~c_ ~~c~~j_~~fiG ?S- ~Z~{- 2//~, 7 S- ~-}'? O - D 2 / / Dle ~~ ~~ ~,~~ ~ ~ ~~~ ~~ ~~ ~ P~~ ~ ~ ~ i/ ~Z~~CJ~ ~~ ~o~ Gre Olson ~1°~~! f ~ From: Micah H. Hager [Micah.Hager@mmicgroup.com] Sent: Tuesday, April 26, 2011 10:00 AM To: Greg Olson Subject: Property Tax Good Moring Greg, I live at 21387 Queen Ct NW, Elk River, the legal description is: Windsor Park Third Addition Sec 7 Twp 33.0 Rg 26 Lot 23 Blk 1 Parcel ID 75-694-0146 Being that I will be out of town for the Board meeting being held on April 7th 2011, I am requesting the following: I would like to have my Property Tax re-evaluated at the City of Elk River Local Board of Appeal and Equalization. Please let me know if there is anything else I need to do at this time. Thanks, l~ticalt Hager <~ccouut Executive ~IAIIC Group 7701 France Avenue South, slate 500 Vliimeapoiis, 1'Iti 55=!35 952-1338-b8I2 Fax: 952-8~3-2I9-I Micah.I-IaLer<aMMICGrou~~.coin ~-a-~ 41a~1~~ ~. ~ • C"OM PAN I>'E S Providing Exceptional Personal Service 7044 East Fish Lake Road Maple Grpve, MN 55311 Phone: fi12.435.7770 Fax: fi12.435.7771 ~ ' ur .... www.rocksolidcommercial.com Cottage Homesteads 1. PID # 75-728-0186 -Sect 31 Twp 33.0 ltg 26 Lot 43 Blk 1 2. PID # 75-728-018$ -Sect 31 Twp 32.0 Rg 26 Lot 44 Acres: 4.79 3. PDa # 75-728-0190 -Sect 31 Twp 33.0 Rg 26 Lot 45 Blk 1 4. PID # 75-728-0192 -Sect 31 Twp 33.0 Rg 26 .Lot 46 Blk 1 5. PID # 75-728-0122 -Sect 31 Twp 33.0 Rg 2b Lot 11 Blk 1 6. PID # 75-728-0124 -Sect 31 Twp 33.0 Rg 26 Lot 12 Blk 1 7. PID # 75-728-0126 -Sect 31 Twp 33.0 Rg 26 Lot 13 Blk 1 8. PID # 75-728-0128 -Sect 31 Twp .33.0 Rg 26 Lot 14 Blk 1 9. PID # 75-728-0138 -Sect 31 Twp 33.0 Rg 26 Lot 19 Blk 1 10. PID # 75-728-0140 -Sect 31 Twp 33.0 Rg 26 Lot 20 Blk 1 11. PID # 75-728-0142 -Sect 31 Twp 33.0 Rg 26 Lot 21 Blk 1 12, PID # 75-728-0144 -Sect 31 TwP 33.0 Rg 26 Lot 22 Blk 1 Sincerely, ~~ Ronald Touchette Broker/CEO Asset Manager RJT/dm Your Full Service Real Estate Brokerage-Licensed in Minnesota & Florida Commercial • OREO and Asset Management Strategies • Invesiment/Equity • Residential • 1031 Exchange • Property Management • Leasing Delivering Exceptianal Positive Results /~ #~ of ver PID #: Name• '~ ,,c .l~ ~~ ~~ Address• Action Requested by Applicant/Reason: Current Assessor Valuation Land: Building: Total: Assessor Comments: 1, CC Motion/Action: ~~' ~~~~hG~,c~ 'S~ - 2- ~ ~l -~ Providing Exceptional Personal Service ' 7044 East Fish Lake Road Maple Grgve, MN 55311 Phone: 612.435.7770 Fax: 612.435.7771 www.rocksolidcommercial.com Apri126, 2011 Sherburne County Assessor's Office Sherburne County Government Center 13880 Business Center D, EIk.River, MN 55330-4b0~ `~~ Elk River City Assessor, ,F Please accept this notification that we wish to appeal the proposed prcSperty tax mazket valuation. far 2011, for taxes payable 2012 on t~e following property{s): Woodland Hills 1. PID # 75-736-0030 - ect 2. PID # 75-736-0205 - ect 3. PID # 75-7.36-0210 - t 4. PID # 75-736-0255 -- S t 5. PID # 75-736-0110 - S t 6. FID # 75-736-0115 - S 7. PID # 75-736-0215 - S $. PID # 75-736-0225 -Sect 9. PID # 75-736-03 i S -Sect 10. PID # 75-736-0320 -Sect 11. PID # 75-736-0420 - Sep 12. PID # 75-736-0425 - Sect 28 Twp .33.0 Rg ~ Outlot C 29 Twp 33.0 R~'~6 Lot 1 Blk 2 29 Twp 33.O.~g 26 Lot 2 Blk 2 29 Twp 33.~A`Rg 26 Lot 11 Blk 2 29 Twp 3,3".0 Rg 26 Lat 2 Blk 1 29 Tw~33.0 Rg 26 Lot 3 Blk 1 29 Tip 33.0 Rg 26 Lot 3 Blk 2 9 ~"wp 33 A Rg 26 Lot 5 Blk 2 ~`'Twp 33.0 Rg 26 Lot 3 Blk 3 2 Twp 33.0 Rg 26 Lot 4 Blk 3 2 Twp33.0Rg26Lot4Bllc4 29 Twp 33.0 Rg 26 Lot 5 Blk 4 13. PID # 75-736-0430 '`Sect 29 wp 33.0 Rg 26 Loth Bllc 4 14. PID # 75-736-02SO;r=Sect 29 wp 33.0 Rg 26 Lot 10 Blk 2 :Elk River City 1. PID # 75-13 =1101- Sect 30 33.0 Rg 26 Acres: 5.00 2. PID # 75-~ 2-2426 -Sect 30 T 33.0 Rg 26 Acres: 1.84 3. PID # 75013-1415 -Sect 13 T 32.0 Rg 26 Acres: 4.79 Xour Fuli Service Real Estate Brokerage-Licensed in Minnesota & Florida Commercial • OREO and Asset Management Strategies • Investment/Equity • Residential • 1031 Exchange • Property Management • Leasing Delivering Exceptional Positive Results Providing Exceptional Persona! Service 7044 East Fish Lake Road Maple Grove, MN SS311 Phone: 612.435.7770 Fax: 612.435.7771 www.rocksolidcommercial.com Apri126, 2011 Sherburne County Assessor's O~,ce Sherburne County Government Center 13880 Business Centex Dr. Ells River, MN .55330-4601 Elk River City Assessor, Please accept this notification that we wish to appeal the proposed property tax market valuation for 2011, for taxes payable 2012 on the following property(s): PID # 75-745-0416 - 633 Main St # 416, Elk River, MN 55330 Sincerely, f e!~ Ronald Touchette Broker/CEO Asset Manager RJT/dm Your Full Service Real Estate Brokerage--Licensed In Minnesota & Florida Commercial • OREO and Asset Management Strategies • Inveshnent/Equi Residential • 1031 Exchange • Property Management • Leasing Delivering Excepti©nal Positive Results Providing Exceptional Personal Servr"ce 7044 East Fish Lake Road Maple GFove, MN 55311 Phone: 612.435.7770 Fax: 612.435.7771 ti ~ '~:... www.ro cksolidcommercial.com Apri126, 2011 Sherburne County Assessor's Office Sherburne County Governmen# Center 13880 Business Center Dr. Elk River, MN 55330-4b01 Elk River City Assessor, Please accept this notification that we wish to appeal the proposed property tax market valuation for 2011, for taxes payable 2012 on the following pmperty(s}; Bluffs of Elk River Attached Sheet. Sincerely, y'~~~/ Ronald Touchette Broker/CEO Asset Manager RJT/dm Your Full Service Real Estate Brokerage--Licensed in Minnesota & Florida Commercial • OREd and Asset Man~ement Strategies • Investment/Equit~r • Residential • 1031 Exchange • Property Management • Leasing Delivering Exceptional Positive Results Single Line Tax Report PII]# Owner Name Address County Prop Type 757950001 Minnwest Bank, My 0 Unassigned Address, Elk River, MN Sherburne Commercial 757950101 Minnwes# Bank; My 633.Mairr'St NW Apt 101, Elk River, MN 55930-1793 Sherburne Residential 757950102 Minnwest Bank, My 633 Main St NW Apt 102, Elk River, MN 55330-1793 Sherbuma Residential 757950103 Minnwest Bank, My 633 Main St NW Apt 103, Elk River, MN 55330-1793 Sherburne Residential 757950104 Minnwest Bank, My 633 Main St NW Apt 104, Elk River, MN 55330-1793 Sherburne Residential 757950105 Minnwest Bank, My 633 Main St NW Apt 105, :Elk River, MN .55330-1793 Sherburne Residential 757950106 Minnwest Bank, .Mv 633 Main St NW Apt 106, Elk River, MN 55330-9793 Sherburne Residential 757950107 Minnwest Bank, My 633 Main St NW Apt 107, Elk River, MN 55330-1793 Sherburne Residential 757950202 Minnwest Bank, My 633 Main St NW Apt 202, E[k River, MN 55330-1783 Sherburne Residential 757950203 Minnwest Bank, My 633 Main S# NW Apt 203, Elk River, MN 55330-1763 Sherburne Residential 757950204 Minnwest Bank, My 633 Main St NW Apt 204, Elk River, MN 55330-1783 Sherburne Residential 757950205 Minnwest Bank, My 633 Main St NW Apt 205, Elk River, MN 55330-1783 Sherbuma Residential 757950206 Minnwest Bank, My 633 Main St NW Apt 206, Elk River, MN 55330-1783 Sherburne Residential 757950207 Minnwest Bank, My 633 Main St NW Apt 207, Elk River, MN 55330-1783 Sherbuma Residential 757950208 Minnwest Bank, My 633 Main St NW Apt 208, Elk River, MN 55330-'1783 Sherbuma Residential 757950209 Minnwest Bank, My . 633 Main `St NW Apt 209, Elk River, MN 55330-1783 Sherburne Residential 757950210 Minnwest Bank, My 633 Main 5t NW Apt 210, E!k River, MN 55330-1792 Sherburne Residential 757950211 Minnwes# Bank, My 833 Main St NW Apt 211, Eik R'nrer, MN 55330-1792 Sherburne Residential 757950212 Minnwest Bank, My 633 Main St NW Apt 212, Elk River, MN 55330-1792 Sherburne Residential 757950213. Minnwest Bank, My 633 Main St NW Apt 213, Elk River, MN 55330-1792 Sherburne Residential 757950214 Minnwest Bank, My 633 Main .St NW Apt 214, Elk River, MN 55330-1792 Sherburne Residential 757950215 Minnwest Bank, My 633 Main St NW Apt 215, Elk River, MN 55330-1792 Sherburne Residential 757950216 Minnwest Bank, My . 633 Main St NW Apt 216, Elk River, MN 55330-1792 Sherburne Residential 757950217 Minnwest.Bank, My 633 Main St NW Apt 217, Elk River, MN 55330-1792 Sherburne Residential 757950218 Minnwest Hank, My 633 Main St NW Apt 218, Elk River, MN 55330-1792 Sherburne Residential 757950219 Minnwest Bank, My 833 Main St NW Apt 219, Elk River, MN 55330-1792 Sherburne Residential 757950220 Minnwest Bank, My 633 Main St NW Apt 220, Elk River, MN 55330-1792 Sherburne Residential 757950301 Minnwest Bank, My 683 Main St NW Apt 301, Etk.River, MN 55330-1795 Sherburne Residential 757950302 Minnwest Bank, My 633 Main St NW Apt 302, Elk River, MN 55330-1795 Sherburne Residential 757950303 Minnwest Bank, My 633 Main St NW Apt 303, Elk River, MN 55330-1795 Sherburne Residential 757950304 Minnwest Bank, My 633 Main St NW Apt 304, Elk River, MN 55330-1795 5hertsume Residential 757950305 Minnwest Bank, My 633 Main St NW Apt 305, Elk River, MN 55330-1795 Sherburne Residentiaf 757950306 Minnwest Bank, My 633 Main St NWApt 306, EIk River, MN 55330-1795 Sherbuma Residential 757950307 Minnwest Bank, My 833 Main St NW Apt 307, EIk River, MN 5533Q-1795 Sherburne Residential 757950308 Minnwest Bank, My 633 Main St NW Apt 308, EIk River, MN 55330-1795 Sherburne Residential 757950309 Minnwest Bank, My fi33 Main St NW Apt 309, EIk River, MN 55330-1795 Sherburne Residential 757950310 Minnwest Bank, My 633 Main St NW Apt 310, Eik River, MN 55330-1785 Sherburne Residential 757950311 Minnwest Bank, My 633 Main St NW Apt 311, Elk River, MN 55330-1785 Sherburne Residential 757950312 Minnwest Bank, My 633 Main St NW Apt 312, EIk River, MN 55330-1785 Sherburne Residential 757950313 Minnwest Bank, My 633 Main St NW Apt 313, Elk River, MN 55330-1785 Sherbuma Residential 757950314 Minnwest Bank, My 633 Main St NW Apt 314, Elk River, MN 55330-1785 Sherbuma Residen#ial 757950315 Minnwest Bank, My 633 Main St NW Apt 315, Elk River, MN 55330-1785 Sherburne Residential 757950316 Minnwest Bank, My 633 Main St NWApt316, EIk River, MN 55330-1785 Sherbuma Residential 757950317 Minnwest Bank, My 633 Main St NW Apt 317., EIk River, MN 55330-1785 Sherburne Residential 757950318 Minnwest Bank, My 633 Main St NW Apt 318, EIk River, MN 55330-1785 Sherburne Residential 757950319 Minnwest Bank, My 633 Main St NW Apt 319, Elk River, MN 55330-1785 Sherburne Residential 757950320 Minnwest Bank, My 633 Main St NW Apt 320, Elk River, MN 55330-1785 Sherburne Residential 757950401 Minnwest Bank, My 633 Main St NW Apt 401, EIk River, MN 55330-1818 Sherburne Residential 757950402 Minnwest Bank, My 633 Main St NW Apt 402, EIk River, MN 55330-1818 Sherburne Residential Report Created By: DeLayne Muehlbauer Report bate: Tuesday, April 26, 2011 4:48 pm Information is Believed to be Accurate But Not Guaranteed All information contained herein is for the exclusive use of authorized MLS Subscribers. Copyright 0 2011 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Single Line Tax Report Plb# Owner Name Address 757950403 Minnwest Bank, My 63.3 Main St NW Apt 403, Elk River, MN 55330-1818 757950404 Minnwest Bank; My 633 Main St NW Apt 404, Elk River, MN 55330-1816 757950405 Minnwest Bank, My 633 Main St NW Apt 405, Elk River, MN 55330-1818 757950406 Minnwest Bank, My 633 Main St NW Apt 408, Elk River, M:N 5533D-1818 757950407 Minnwest Bank, My 633 Main St NW Apt 407, Elk River, MN 55330-1818 75795040.8 Minnwest Bank, My 633 Main St NW Apt 408, Elk River, MN 55330-1818 757950409 Minnwest Bank, My 633 Main St NW Apt 409, Elk River, MN 55330-1898 757950410 Minnwest Bank, My 633 Main St NW Apt 410, Elk R'n-er, MN 5533D-1818 757950411 Minnwest Bank, My 633 Main 5t NW Apt 411, Elk River, MN 55330-1786 757950412 Minnwest Bank, My 633 Main St NW Apt 412, Elk River, MN 55330-1786 757950413 Minnwest Bank, My 633 Main St NW Apt 413, Elk River, MN 55330-1786 757950414 Minnwest Bank, My 633 Main St NW Apt 414, Elk River, MN 55330-1786 ~5~9bi3AA~ 757950417 Minnwest Bank, My 633 Main St NW Apt 417, Elk River, MN 55330-1786 757950418 Minnwest Bank, My 633 Main St NW Apt 418, Elk River, MN 55330-1786 757950419 Minnwest.Bank, My B33 Main 5t NW Apt 419, Elk River, MN 55330-1786 757950420 Minnwest Bank, My 633 Main St NW Apt 420, Elk River, MN 55330-1786 County Prop Type Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherbume .Residential Sherburne Residential Sherburne Residential Sherburne Residential Sherburne Residential ' Sherbume I Residential Sherbume Residential Sherbume Residential Sherbume Residential Report Created By: DeLayne Muehlbauer Report Gate: Tuesday, April 26, 2011 4:48 pm Information is Believed to be Accurate But Not Guaranteed All information contained herein is for the exclusive use of authorized MLS Subscribers. Copyright ®2011 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Providing Exceptional Personal Service 7044 East Fish Lake Road Manle G;nye, MN 55311 .Phone: 612.435.7770 Fax• 612 435 7771 L ~'.. www.rocksolidcommercial.com Apri126, 2011 Sherburne County Assessor's Of~ee Sherburne County Government Centerr 13880 Business Center Dr. Elk River, MN 55330-4601 Elk River City Assessor, Please accept this notification that we wish to appeal the proposed property tax mazket valuation for 2011, for taxes payable 2012 on the following property(s): See Attached Sheet. Sincerely, ~~~ Ronald Touchette Broker/CEO Asset Manager RJT/dm Your Full Service Real Estate Brokerage-Licensed in Minnesota & Florida Commercial • OREO and Asset Management Strategies • InvestmentlEquity • Residential • 1031 Exchange • Property Management • Leasing Delivering Exceptional Positive Results ,• Single Line Tax Report __ PID~ Owner Name Address County Prop Type 754040152 C E Murphy Properties, LLC 0 Unassigned Address, Elk River, MN Sherbume Commercial 754050410 C E Murphy Properk+es, LLC 657.Mairi`St NW, Elk River, MN 55330-1584 Sherbume Commercial • Report Created:By; DeLayne Muehlbauer I Report Date: Tuesday, April 26, 2011 4:46 pm Information is Believed to be Accurate But Not Guaranteed f AO information contained herein is for the exclusive use of authorized MLS Subscribers. Copyright ®2011 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.