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05-01-2000 CC MIN - BOA MEETING OF THE ELK RIVER CITY COUNCIL (BOARD OF REVIEW) HELD AT THE SHERBURNE COUNTY GOVERNMENT CENTER MONDAY, MAY 1, 2000 Members Present: Members Absent: Staff Present: Also Present: Mayor Klinzing, Councilmembers Dietz, Farber, and Thompson (6:45 PM) Councilmember Motin Sandra Peine, City Clerk Assessors and Staff from the Sherburne County Assessors Office Call Meetin.q To Order Pursuant to due call and notice thereof, the meeting of the Elk River Board of Review was called to order at 6:00 p.m. by Mayor Klinzing. Assessor John Cullen explained the purpose of the meeting which is to review the 2000 assessed property value. He stated that in order to be consistent with the state requirement of staying within 90 - 105°,/o of the actual market value, an overall increase of approximately 7% was applied to all property in the city. The Assessor explained that grievances would be heard by the Board of Review on an individual basis. Richard Elliot - 75-535-0255 - Mr. Elliot indicated that his property value has increased excessively over the past few years. The Assessor indicated that this was necessary due to the overall property value increasing in the City. The Assessor reviewed comparable sales in the area. It was the consensus that the increase in property value from $151,200 to $160,000 was justified due to the general increase given to all property owners and based on comparable sales in the area. COUNCILMEMBER DIETZ MOVED THAT THERE BE NO CHANGE TO THE ASSESSED PROPERTY VALUE OF $160,000 ON PROPERTY ID# 75-535-0255. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 3-0. Mr. Elliot's concern was that senior citizens couldn't afford a constant increase in property value as it results in higher taxes. The Council encouraged Mr. Elliot to contact his legislators regarding this issue. Rolfe Anderson - 75-431-0420 - Mr. Anderson indicated that his value increased from 193,500 to $206,600 in 2000. He indicated that he feels his total assessed value is too high. Councilmember Thompson arrived at this time (6:45 p.m.). Board of Review Minutes Page 2 May 1, 2000 After reviewing assessed values of similar style homes in the area and reviewing sales comps, it was the consensus that the value may be too high and that the Assessor should re-evaluate the property. COUNCILMEMBER DIETZ MOVED TO AUTHORIZE THE ASSESSOR TO COMPLETE AN APPRAISAL OF PROPERTY OWNED BY ROLFE ANDERSON #75-535-0255 AND TO REPORT BACK TO THE CITY COUNCIL WITH A RECOMMENDATION. COUNCILMEMBER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 4-0. Rich Schultz - 75-516-0728 - Mr. Schultz indicated that his assessed property value increased from $171,800 to $183,000. He indicated that he felt his value increased too much and that his home was appraised too high. The Assessor reviewed sales comps and assessed market values of homes in the area. The review of these issues revealed that the value on the property was justified. COUNCILMEMBER THOMPSON MOVED THAT THERE BE NO CHANGE TO THE MARKET VALUE OF $183,000 FOR PROPERTY ID# 75-516-0728. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 4-0. Country Inn and Suites - 75-627-0105 - Country Inn and Suites submitted a letter appealing the assessed market value of their property which was valued at $2,854,800. COUNCILMEMBER THOMPSON MOVED TO DENY THE APPEAL FOR PROPERTY ID #75- 627-0105. COUNCILMEMBER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 4-0. 5. Adiournment There being no further business, Mayor Klinzing adjourned the meeting of the Elk River City Council at 7:15 p.m. Sandra Peine City Clerk