Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Handouts
� o �.4- � I uSIC an IvPlacie A 55+Cooperative Community 17155 Quincy Street. N.W. Elk River, MN 55330 763-633-0999 April 12, 2021 Local Board of Appeal & Equalization, On behalf of Pullman Place Cooperative, I want to thank you for hearing our concerns regarding the taxable value of membership shares at Pullman Place Cooperative. Pullman Place Cooperative is a 55+ Senior Housing Cooperative located in Elk River, Minnesota. Pullman is a 65 unit senior housing complex, each member/owner of the Cooperative owns 1/65 of the entire building and grounds. Pullman Place was developed by and is managed by Guardian Angels Senior Services of Elk River. Guardian Angels does not own Pullman Place, Pullman is owned jointly by its 90 members, representing all 65 membership shares. There is one revenue stream in a housing Cooperative, and it is the monthly fees that its senior members pay. Out of Pullmans 90 residents, 3 of them still work, one works only part time- all the rest of our members are retired and have a fixed income. One of the beauties of the Cooperative model is democratic control by its members. I market on a daily basis that folks here will not ever have better stewards of their money, because the people making those decisions are paying the same monthly fees. Pullman Place's mission is to, "Make every effort to provide a safe and secure environment, and to promote trust, harmony, dignity and independence." This is something Pullman Place is really great at- hardly anyone leaves Pullman Place because they want to, they leave Pullman Place because some situation in their life has put them in a place where they have to. Wouldn't it be a shame, if one of the "situations" in one of these seniors' lives that led them to leave Pullman Place Cooperative were because they could no longer afford the monthly dues at Pullman Place? It would be devastating. am including four documents for you to review with this letter. Pullman Place Bylaws contain the framework formula for the Annual Compounded Interest formula that is used to develop Share Costs, which is the rate at which a share/membership interest is sold. This information can be found on pages 9-10 section (e) Transfer Value. The second document I have is the Restated Information Bulletin and Disclosure Statement. Page 7-8 section 111. Financing of the Project and section 1V. Schedule of Subscriber Down Payments and Monthly Carrying Charges for Each Type of Dwelling Unit would be of interest to you. This states the Dwelling Unit Designation and Initial Managed by Guardian Angels Senior Services e? PuRnian w ce A 55+Cooperative Community 17155 Quincy Street. N.W. Elk River, MN 55330 763-633-0999 Value (this is not the share cost), the Proportionate Factor of Unit Valuation to Total Valuation which is the formula used to derive the initial share costs of each dwelling unit, the Required Total Cash Down Payment (this is the share cost price that initial members paid for their share in the membership interest in the Cooperative), and then the initial monthly fee. can provide you with a history of how the Annual Compounded Interest has accrued over time at a steady rate of 1 % as pursuant to our Bylaws. The third document I provided you is a Request to Make Upgrades and Improvements within a Dwelling Unit. This. document states that any changes to a unit that are permanent, become the property of the cooperative and stay when a member leaves. It also states that any upgrades or improvements will not increase the Membership Transfer Value of the Membership in the Cooperative under the Cooperative's limited equity formula. The reason this information is relevant is to show you that the rate at which Pullman's property taxes are increasing, far outpaces what a share at the cooperative is actually worth. Our values do not fluctuate like homes in an open market, Pullman is constant at 1 % equity increase per year. Property taxes are taking up a significant portion of the annual budget. As you can see in the attached spreadsheet titled, "Pullman Place Property Tax Comparison 2015-2021 ", we have seen nearly a 70% increase in Property Tax since 2015. This is the fourth document I have included. Respectfully, ehel(&gga-er.org Property Manager 763-633-0999 cc: Judy King, Board President Pat Hendrickson, Vice President Larry Toth 2nd Vice President Don Arndt, Secretary Bob Jones, Treasurer Managed by Guardian Angels Senior Services �{�� Epµa xousfxu 1 avromoxi*r (b) Member Unable to Live Indeoendentiv If a member becomes unable to live independently in the Cooperative by reason of physical or mental disability, the Board of Directors may, by written resolution, elect to purchase the Membership of such member and his/her appurtenant right of occupancy, in accordance with the provisions of Paragraph (c) of this Section 3.10. (c) Oplion of Coo;_erative to Purchase. If the member desires to leave the Project, he must notify the Cooperative in writing of such intention. The Cooperative will have an option for a period of.sixty (60) days commencing the first day of the calendar month following its receipt of such notice, but not the obligation, to purchase the Membership, together with all of the member's rights with respect to the .Dwelling Unit, at an amount the Cooperative determines represents the Transfer Value, less: (i) any amounts due by the member to the Cooperative under the Occupancy Agreement, and (ii) the cost of maintenance, including painting, redecorating, floor finishing, and such repairs and replacements the Cooperative determines are appropriate to place the Dwelling Unit in suitable condition for another occupant. The purchase by the Cooperative of the Membership will immediately terminate the member's rights, and upon such termination, the member will immediately vacate her/her Dwelling Unit. (d) Procedure When the Coo�)erative Does Not Exercise Option, If the Cooperative waives in writing its right to purchase the Membership under its. option, or if the Cooperative fails to exercise its option within the sixty (60) day period, the member may sell his Membership to any qualified person duly approved by the Cooperative as a member and occupant. If the member requests and the Cooperative .agrees to assist the member in finding a purchaser, the Cooperative will be entitled to charge the member an administrative service charge it deems reasonable for this service. When the transferee has been approved for Membership and has executed the prescribed Occupancy Agreement., the refiring member will be released of his obligations under his Occupancy Agreement, provided he has Ipaid all amounts due the Cooperative to the date of release. ;(i�) _T'ransfer value:. , Whenever the Board of Directors exercises the Cooperative's option to purchase a Membership, the term "Transfer Value" shall mean the down payment applicable to the Membership being transferred as set forth in Exhibit A- hereto with respect to the initial holder of that Membership, and with respect to each subsequent holder of that membership, the down payment made by such holder; plus (i) Annual Compounded Interest (as defined below) accrued during the N period of the transferring member's ownership; plus (ii) the sum of the cost of Approved Upgrades (as defined below), if any, installed by the departing member in the subject Dwelling Unit. As used in the above paragraph, the following capitalized terms are defined as follows: "Annual Compounded Interest" means an amount, computed on the basis of one percent of the Initial Value of the Dwelling Unit being transferred, as shown on Exhibit A hereto, compounded annually, commencing on the first day of the month following the month in which Project construction commenced, and as of each successive annual anniversary date thereof (such period being the Annual Calculation Period) through and including the annual anniversary date in the year in which the transfer occurs. If the transfer occurs other than on an annual anniversary date, the amount of the Annual Compounded Interest for the final Annual Calculation Period shall be prorated between the departing member and the incoming member based upon the number of days elapsed therein to the date of transfer. "Approved Upgrades" refers to the excess cost of the following items selected by the member from the Cooperative's Approved Upgrades Schedule over the cost allowances for the standards of such items set forth in the Project plans and specifications: Flooring; fireplaces; cabinetry; countertops; appliances; and such other items as may be set forth in the Cooperative's Approved Upgrades Schedule. Deductions From Transfer Value, The Transfer Value as calculated above is subject to reduction as follows: (I) Such expenses and costs incurred by the Cooperative in processing the transfer, as such costs and expenses are provided for in the then applicable policies of the Cooperative. (ii) The cost or estimated cost for such refurbishing, repairs and replacements as are deemed necessary by the Cooperative to place the Dwelling Unit in suitable condition for occupancy by another member. (iii) Any liens or encumbrances on the Membership and Dwelling Unit which are not satisfied by the departing member prior to closing the transfer. Any such unsatisfied lien or encumbrance shall be satisfied if the amount thereof does not exceed the Transfer Value calculation prior to deduction of this line item. The balance of the Transfer Value proceeds then remaining, if any, shall be paid to the departing member. If the amount of the lien or encumbrance exceeds the Transfer Value calculation prior to such deduction, the 10 II III. FINANCING OF THE PROJECT The funds provided by your subscription and the subscription of other members will constitute the equity investment and are intended to cover the cost of acquiring the Project over and above the mortgage proceeds and to provide working capital funds, as required by HUD/FHA, in an amount equal to two percent (2%) of the principal amount of the HUD/FHA insured mortgage. Construction financing for the Project has been arranged for the Cooperative by Sand Companies, Inc. and HUD/FHA has issued its commitment to insure a mortgage loan up to $5,800,000 upon completion of Project construction. The HUD/FHA insured mortgage will- cover all of the property of the Cooperative and provide for amortization over a period of forty (40) years with an interest rate of 6.15%. The total estimated development cost of the Project is $9,955,810; and HUD/FHA, for its own purposes in determining a maximum insurable mortgage of $5,800,000, has estimated the replacement cost of the Project at $9,468,729. The members of the Cooperative are, in effect, their own landlords. They pay monthly carrying charges to the Cooperative to cover the Cooperative's operating costs, in accordance with the terms of the Occupancy Agreement. The Cooperative corporation will hold title to the property and will execute a blanket mortgage covering the entire property. The individual member signs no note or mortgage and has no personal obligation under the blanket mortgage of the Cooperative. The following table(s) set forth the initial value allocated by the Project sponsor to each unit/membership, the proportionatefactor of unit value to total Project value, each member's required cash payment for his/her membership based upon the type of dwelling unit selected, ' and the estimated monthly charges to be paid by members pursuant to their Occupancy Agreements, to cover the Cooperative's operating expenses. The total required cash down payment set forth below will be payable in two (2) installments, consisting of an initial down payment in an amount equal to fifteen percent (15%) of the applicable initial value, which initial down payment will be due upon signing a Subscription Agreement, and the balance of the total required cash down payment will be due upon demand to be made by the Cooperative on or about the date of completion of construction of the Project. Please refer to Section Vill, PROCEDURE TO PURCHASE, herein.. 1. Dwelling Unit 2. Proportionate 3. Required 4. Initial Estimated Designation and Factor of Unit Total Cash Monthly Charges Initial Value Valuation to Down to Be Paid to Total Payment Cooperative Valuation N Reading $ 94,676 0.940851% $39,100 $610 Soo Line $120,633 1.198804% $49,820 $780 Wabash $130,876 1.300589% $54,050 $840 Milwaukee $150,416 1.494775% $62, 220 $970 Santa Fe $157,898 1.569129% $65,210 $1,010 Great northern $158,625 1.5763.47% $65,510 $1,020 Burlington $174,703 1.736124% $72,150 $1,120 Rio Grande $180,950 1.798205% $74,730 $i,160 Golden Spike $204,849 2.635704% $84,600 $1,320 Guardian Angels of Elk River, Inc., the organization that the Gooperative will engage to provide management services, has made a study of the foregoing projections and has submitted its written opinion to the effect that the estimated carrying charges, set forth above, will be adequate to meet all expenses for the first year based upon costs reasonably foreseeable as of ,dune 1, 2004, the date of its opinion. The detailed operating budget on which these carrying. charges are based is being furnished to prospective members with this Information Bulletin and Disclosure Statement. Individual members will pay for electricity, telephone, television cable, and personal contents insurance, for their own dwelling units, and for certain amounts periodically to maintain their own dwelling units in proper state of repair. The amount required to maintain a members dwelling unit depends somewhat upon the care and attention given by the member to his/her dwelling unit. Accordingly, estimates have not been made for this categpry of expense. The Gooperative will pay the common area costs for heat, water, electricity and trash removal and heat for the Dwelling Units Accordingly, these represent operating costs, of the Cooperative which are covered by the monthly carrying charges paid by the members. Carrying charges are estimated based on full occupancy. Any vacancy or collection losses may require an increase In such charges. An increase may also be necessary if real estate taxes are raised., the cost of utilities furnished by the Cooperative are increaser) or if the cost of supplies or labor rises. The Cooperative will operate on a non-profit basis and will collect monthly carrying charges in an amount sufficient to meet all operating costs including payment of its mortgage. The cost of amortizing the mortgage will normally remain constant since the payments to principal and interest have been computed in equal monthly installments covering the full term of the mortgage. The Cooperative will deposit a portion of the monthly carrying charges in the Reserve Fund for Replacements. This reserve fund is for defraying, at least in'part, the cast of replacing structural components and mechanical equipment when it . becomes necessary. The reserve fund is also available to the Cooperative for replacing the standard grade carpet, blinds, kitchen range, microwave, refrigerator, dishwasher and disposal, clothes washer and dryer, consistent with the replacement policy of the Cooperative. E /511 Pullman Place Cooperative Request to Male Upgrades and. IMprovements — Within Dwelling Unit x undersigned hereby requests the consent of the Board of Directors of Pullman Place Cooperative ("the Cooperative") to upgrade certain items -which constitute improvements to, or appliances in the dwelling unit within the Cooperative which will be, or is, occupied by the undersigned, or which constitute fixtures to, or Permanent improvements to, such unit, which upgrades, appliances and improvements are listed below. The undersigned hereby agrees to the following: l . That such upgrades, appliances and improvements shall become the property of the Cooperative upon installation in the unit, 2. That such upgYacles will 'noun xe'aSe d Members] p Transfer Taiue efthe, undersigned's }VI€mbe Sh p .. it the Cooperative uoder. the Coop erative's.lirnited.equity value formula, ._ 3. The undersigned shall be responsible for the cost of replacement and/or repair to improvements to the extent that the cost for replacing the items exceed the cost of"standard" items under the Cooperative's Replacement Policy. The cost of repairs for appliances and fixtures other than the brand or brands designated by the Board as being the Cooperative's standard shall be the responsibility of the member. • The undersigned shall, upon the request of the Cooperative, remove such upgrades, appliances and improvements when the undersigned terminates his/her interest in the Cooperative, and shall, at the undersigned's cost, repair any damage to the dwelling unit caused by such removal aad, where applicable and at the undersigned's cost, replace' such upgraded items, appliances and improvements with "standard" items as directed by the Cooperative; and This Agreement shall be bm" ding upon the undersigned and his/her personal representatives, heirs, trustees, guardians, conservators, successors and assigns. Please describe here the upgrades, appliance's, fixtures or improvements which you are requesting consent of the Board of Directors to make to your dwelling unit:- ember/Prospective Member Board Approved Board Denied ,nature ;nature te: Date: Comments: a o c o° e a 9-1 oI.R o �, a o �, o c' o o a o c 1On LOn M ccgaIqaDn)aano a Lao v Lan LM�l o Dn' v N Lr! L`n° ko Doo cnov rNi m m N N a m rl LD r1 N a m a rl O M rl m m m m m N a O LD lD m n LD LD n n n n n tD n LD N O n 00 rV m O N n LO ca u c N d VL W u c 9 g, o o e o a e o o e g o g eR g a *\. e 0 of g o N ci rl LD n n m r+ m n n op m 00 11 LD W n N r1 r-1 ri n n n co LD LD Ll rl r1 W ri OO r-L N LA N N L!I of OO n l0 lD O 00 ri c-1 d -e a ri Ln N a a LO a H In a Ln 0) O n lD a r a a Ln c i u ei - N rl e-4 rl rl ri e-i ri c-I rl rl N ri ri rl ri ri ri r1 rl C LD rl N a m LD ri LD ri a L4 N N O m m m m rl N a m ri lD r1 a a m LD r1 N r1 N n n n lD n LD n LD n LD n n o0 LD LD LD LD n n LD LO n n n N n LO n LD ri LD rl 0 0 e o o 0 o a o o 0 0 N e o- o o a o N o N e o 0 0 0 rmi Ono rni N Lmn oq N O N N N Ono �--I OO LO LO LO LO c0 c-I �--1 Li Ono O-1 OO r1 N mn W N O N LD a Ln Ln a Ln m Ln m Ln m a Ln a a a a a a Ln N a a LD a Ln Ln a Ln m r1 m ri a ri ri 1-1 ri ri ri ri N r1 r1 r1 H rl r1 r1 r1 11 r1 r1 r1 r r1 rl H r-1 ri r1 r1 rl r1 0 o O O o 0 0 0 0 0 0 0 0 0 0 0 o O O o 0 0 0 0 0 0 0 0 0 0 0 0 o O o 0 0 0 0 0 0 0 0 0 0 0 o O O 0 O O 0 0 0 0 0 0 lb O WN 00 M O 00 O N LO W lD N LD O O O 00 WW O N W00 O W O" LD w LO N LD N O N O N O 00 00 00 00 O N 00 00 O W O N LD 00 LD N LD N N N LO N HwO n O N m LD M m LD I- 0 ri N N N O N rl LO O n O N Ln LD N m N m Ln m O N O N N N N O N HLO O n O N Ln to N m Ln (3) N N a L%1 LO ri Cl a m 00 W ri oo O a rl m O N N N m OO LO ri m a 01 00 OO r1 LD O LD O 00 O m 00 m N N 'N r'm OO LO r1 Cl a m OC OO c-1 LO O m O N N N ri r-I N N a -I ri ri ri rl N ti r-I rl N Ly N N N N rl c-i N N A ri ri ri H NH i rrl ri A r-I rl r-I rl N rV N N N r-1 r-I rl r-I r-I N rl rl ti r-I O N 0 0 0 0 0 0 0 0 o O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o O o 0 o O o o O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o O o 0 0 0 0 0 4A u* V} Vn V} Vt N VT V! Vt t/} Vn in in Vn in Vf Vn to Vf V} VI 41 vn V} V} V! V? Vn V? V). N V} Vl in to Vn V1 Vn V1 N Vf Vn V? VT VT ,f V} V)in Vf An n n VT VT n N o a o o a cam' o 0 0 0 oe o c o 0 0 0 o ems° a ems° oe ae o 0 0 0 0 o a a o o a o 0 0 0 0 0 0 0 0 0 o a o 0 o a o 0 0 0 W O O r1 m LO LO OO N r1 M O LO O N 00 ri 00 00 O O O Op M LD lD oo ei oo M O LD oo N OO N o N e0 m 00 O O O O 00 M LO O 00 1 00 M O o 00 N m N f6 lD LD n r•I O LD O M tO ri LD lD LO .-1 LO a o a LO LD LO o 11 O 1. O fn O ri LD lD m ri oD ri LD ri O ri O LD LD LD LD O c-I O LO O 07 O rl LD l0 00 ri N rl ` 0 0 r1 .i O O ci N M rl r-1 o ri M LO O rl N O o c) rl r-1 O O ri N a-1 ci r1 O ri M r1 M r M r1 rl rl 0 0 0 0 ri ri O O rl N c-I rl ri O rl M LO M V N N ci N N N N N N N N N N N rl N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N r1 N C 0 0 O O O O O O O O O O O o 0 0 0 0 0 0 0 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 R;r a LD N a N V' N V N O N O LD b O It N a a N a N a N N O N a LD a w O LD a" a 14 -e a a a' N a" a N a N O N a' LD N LO a a O w M m Ln n M 00 rl m ri ri O M Ln N a Ln M M m M n 0 wrl m O ri O H ri H Ln 00 Ln a a a a Ln 00 M m Ln n Ln m Hm O ri LD ri O m m N LA m olLO N LO LA LO O lD m N 0) LD n m m m LO L!1 M oc O N LD Ln LD Octa m a m LD m LD Lr LO m m m m LO Ln M c0 LD N LO Lfl LO Cl a m n m N c-1 ri r-I r-1 N ri r•I r-I rl ri ri ri ri r-I ri rl rl a-1 ri c-1 rl ci N rl -1 c1 ri rl r-i rl rl ri c-I r-1 ri ri ri 14r-i ri ri ri N ti ti r-i .ti 11ri 1-1ti ri O N V} Vf Vn n Vn V? in Vn VT in V) in in V1 ih in V} t4 VS V4 u} V} V). Vn V} in Vn V) in N an VT /} to VF V1 Vn V? to a? to in VT in H to V} V? V? N V? ut Vf V} V! VI. i/! VA N -.,e o 0 0 0 0 O d m m ri Ln 00 a N ri ri a LD 00 ri N w w w w n w 4 c N 0 0 o c� o e e-.K e� x x o `"- o `-' "' o a o " o o e x a o 0 0 0 0 0 0 0 0 x omL) m m m a o 0 0 amLnOam i'owo :rLrr novamam Om r rimmmmriLncoariv Lno N ri LD n ri n v, N T v ri ri ri ri a O oo ri a N r LD n ri m a m v n a v LD a ci ri ri ri a LD Lb ri a N a Lo n a LD w w w w a Ln r� w o w w w w w rl w w m w w w w m a m v w v b w oo oo oo w oo w w I- w w m w w oo m ri M rl O O O O O O O O O O O O O O O O o o O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O o O O o o O O O O O O O O o O O O O O O O O O O o O O O O O O o O O O O O O O O O O O o O O o O O O O O O O •L N N LD LO � W m O LD ID a W a s N w LD LD N N N LD ww O O tD w a w N a N a a a LO LD LD N N N N LD w a O wO O LD a 00 N 3 wa rl H LD o V O LD a ri O N LO N a M 0 0 0 rl r-I rl LD O O O a LO O N LO 0 r Ln a" a LD O LD ri ri r1 r-1 O O a LD O a LD CDN LD M a ri M LD LO Ln m m Ln M O n rn M Ln M n m LD M a LD LD LD a 1n m Ln m CZrn e M Lc r1 n r1 n M n cl M M LD l0 LD m M rlm Ln M O M M M Ln ri n Ln n rl rl rl ri ri ri ri e-I ri ri rl ri e-1 e-I e-I ri e-1 rl ri e-I ri rl rl ri rl e-I ri r-I r-I r-I ri r-I ti e-I ri ri e-1 ri ti ri ri e-I e-1 ri ri rl ri rl e-1 ri rl O N U x in +n v> �n ,n in V> in sn <n in in. v} in to v4 Vf v> in Vf V). an to an +n vn in .n v> .n V} u} .n 4 <n uA in in in in in in in in in in in in in v* in in in in y o o 0 0 0 0 0 0 0 0 0 0 0 0 g g a ;2 a g 02 g g o a e o e o 0 0 0 o e g e o oe o� e a o o e g. o e o e o 0 04.1 M m oo Ln oo to 0o m oo Ln m LD m m N Ln Ln a L» M m cO Ln co LD co m oo Ln m 0 M m m m m m oo Ln oo m m en m oo Ln o0 0 0o m co Ln m 0 m m m m G. M a a n n 11 a n LO n n O a O n m In 00 r. a V a n n M a n O n n 0 a M n C'l n O n n n n a a a a n n M a n LO n n O a M n M n 0, LD LO LD LD LG LD LD N Lo LD rl w N M r-1 w m LD LD w w LD w LD w rs to to r- LD 1, m 1r m r� m LD LD LD LD to LD LD LD LD LD LG LD N LD LD r, LD r-. cn r: en G1 a IN M O o O O O O O O O O O O O O O O O O O O O O o O o o o o o o o o O o o o O O o O O O o O o O o o O O O O O o o o o o a o O o 0 o O o 0 0 0 O O O O o O O O o O o 0 0 0 0 0 0 0 0 0 0 0 0 O O o 0 O o 0 0 0 0 0 O o 0 o O O o O o O O o o O 0 0 0 N N O O N O N W 0 00 !V LD " O w O O O O N N o O N O N W O a N� N 00 N o N 0 0 0 0 0 0 N N O O N O N 00 O a N a N C m m tD o o Ln LD Ln LD o ri Ln ri ri N o LD r, m m m LO O O Ln lO Ln LD O ri o o ri Ln ri ri r1 LD O LD m m m m LD o o Ln LO Ln LD o ri m m ri m ri (0 W a a N N 00 a N m N N N a N n 00 N N N a a a N N 00 a N m N N N a O n o n N n N N N a a a a N N m a N m N N N a O n L7 n ~ r-I r-I r-I rl rl rl rl c-1 ri rl c-I ri rl rl c-I ri ri ri rl c-I ri ri rl ri rl ri ri c-I ti r-i ri H ri ri H ri ri H H ri ri rl ti ri H c-I rl rl N O a v. v> ,n vn to in 14 i/l. AA. in vain in v>in in v� v>- n in in Vn v}in in an vn vn lf� ll� "I �n v� v� �n in V� a v), v* In un In In un 14 "1 In In u* In �n 14 v* „o �o .o . . -.,z - -ogg e A g g gz go o a'o N lD LD n m tO LD n a n m n w n m LO m rl co w wlD n M WlD n a n MN lD N m N m m m � M n O wlD LD n M O to n a n M n lO N m N m m N N rl LD m N rl n rl l0 Ln N LA H) n LD r1 a N N N %R m m N r1 n rl LD Lq N Oq Cl 00 Cl Ln Cl rl LD rl N N N N rl LD m N rl n rl LD Ln N 00 trl 00 m LJ Ln Ln Ln Ln f Ln Ln a Ln Ln Ln Ln Ln N m Ln O m Ln Ln Ln N Ln V Ln Ln a Ln Ln Ln Ln Ln N Ln N Ln N Ln Ln Ln Ln Ln Ln Ln Ln Ln a M Ln a Ln Ln Ln Ln Ln N Ln N Y I- M N c 9 O O o 0 0 0 0 o 0 o 0 o 0 o o o 0 0 0 o o 0 o O o o o o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o O 0 00 0 O O O O 0 0 0 o 0 0 0 o O O O O O o 0 0 o O o O o 0 0 o O o 0 0 0 0 0 0 0 0 0 0 0 0 0 o O O o O o 0 o O o o O o 0 0 0 o O o O O O LO a N O a O LD Lb N tb t0 N O tV O O O O O m d' N O a 0 LD w N N LD N 10 W tD O tD 0 0 0 0 0 0 LD a N O a 0 m W N N LD N LD O O lXJ N m l0 a0 lX/ lb N M lD m W� N n W O O O W N m lO 00 a0 lb N M LD CO 00 W W M 00 W N OO O O O O m N m O Lb OO 1p N M tp lb ao 00 00 n a a ri r-I lD M r-1 W ri r-I ri M ri LD n r1 Ln r1 a R a ri ri O m rl O rl rl ri M m O m O rl lD ri ri ri a a a a ri ri lD M ri ao ri ri ri M m O m O '~ r-i ti ri ti .-i r-i r-i ri r-i ti r-i ri c-I ri ri rl rl ri ri c-1 ri c-i ri c-I ti ti ri ti ti r-i r-i ri rti r-i r-i ti ri ri ti ti r-I ti r-I ri O N V} to V} V} V? V) .} V! in V} N in to of in V) in in V? in VY V1 Vn V> Vn in V} in V1 V). V} to V? V! VT in Vl Vn in In -T in V? to to in 1h V) V? V? V? VT V} V} Vll in in o e o e e e e e oe ;e a e a o e o o g e g 2` o g e e 32 e, e o e o e e g e o 0 0 o a o e e o 0 0 0 0 0 o a o e a N LO a 00 Ln to LO LD a N Ln N m N r Ln Ln Ln N N N a 00 Ln 1D LD LD a N u'L mm m N m 10 �7 Ln N N N N �D a 00 Ln o LO LO m �i Ln mm m " N r1 cq N N m N ri m" M 00 m rl �T a 00 N N Ln ri M N N m N ri m N oo 00 oo 00 M ttl N a N N N N N c in N N m N 0 ^. N oo oo co 00 c-i rl ri ri ri c-I O rl r1 rl rl c-I Q a rl ti O N c-I .ti O ri ri rti ri O c-1 •-1 rl .+ O O O Q r-i O r-i ri O c-1 c-I r•+ ri r+ c-I ri rl r-I O ri n ri O O O O ci N N O O O O O O O O o CCD O O O O O O O O 0 O O O O O O o O O O O O O O O O O O O O O O O O O O O O O O O O O o O O O O O O O O O O O O O O o O O RR O o O O O O O O O o O O O O O O O O O O O O O O O O O O O O O o O O O O O O O O O O O O O N W -Zr. a N 3 N lD w a CO O LO LO N a O O O t0 W a a N a N LD 00 a OO O 00 o 00 O N LD N O O O O N O a a N 3 N LD CO -�t w 0 00 O M M N LO ri m N N LD m m rl n n LD N c0 M M M N 14 rl m N a N LO n m N n N n n n N o N M M M CO N lO N m N N O n m N n N n LD M M r-I co LD N ri co ri O O N O LO 10 O ri 00 rr1 crM Ln O LO N rl 00 r1 Oi O N m LD m LD O ID It O r-I M llM cl ri O LD N ri Co ri O O N m LO m LD ~ rl ri rl rl c-1 ri ri ri ri ri ri rl r-I ri rl rl ri ri ri rl ri ri rl rri r-I ri ri ti rl c-I ri ri ri rl c-I .--I ri rl ri ri rl r-I O N in in in in in Vn in Vn in VS in in VY in to VY VT Vf VT VT V). VF V! Vf /l Vn V} vT to M Vn Vn in to in in in in Vn in V} in in in in in V1 in Vn Vn in in in Vf in VT V? V7 0 0 0 0 o O 0 O OOCDOOOO 00 O O O Cl O O O O O o 0 O O O o 0 0 0 o O 0 O O O Co 0 0 0 0 O 0 0 0 0 o 0 0 O O 0 0 O O O O O O O O O O O O O O O O O O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4TcwvNwwLDwvvw1*10wvLDvavaaaNiwwLOwv-4wMwCDw-It LDwvacvavwvNwwwwNvw0LD0w ri rl O Ln m n O m O Ln O n LD n a' M O oo N A AM Ln m no m O m LO n N n N n LD n O Ln Ln Hr1 rl ri O 0 m n O M O b w n N n N n Ln M m r1 O Ln N L-1 - r1 O O N O l0 LO O rl O n M m Ln O Lr N r1 00 rli O O N m LD m LD O O ri O O M m M M ri O -1 N r1 O rl a O N m tD m lD 0 ri ri ri ri ri ri ri i rri ri c-I ri ri r-I ri r-I ri ri ri rl ri rl ri r-1 r-1 rl rl rl ri c-I rl ri ri ri rl ri rl rl rl rl rl c-1 c-1 ri N in ut /! Vlf Vn VT in u? in N N in in VF V1 in rT V? in N in V? V) in Vf in Vf in to Vn in VY to V} VT N V} Vf V? VT in in .} an i/T V! N in in N V} an in V? V? in V} Vn LM LO 0 0 0 0 0 0 0 0 0 r1 r1 rl - r1 ON N N N O O O O O o 0 Cl 0 14 r ri . ri ri � c W r NO N N N 0 1-1 0 0 0 0 0 0 CO 0 1 ri ri rM-1 rai ri ri e ri ri r1 r r r-1 ri r-L c-1 a r1 r1 r1 ri r1 rl H ei N N N N N N N N N N N N N N N N N N N N N N N m m M M m m m M M M m M M M M M v y w w w w w w w N N N N F-+ W N I� O W lD 00 W V {ry V) iA VT Vf 41 iA N V N N w W i+ O m O � A A 000 A W p A 9 O O O O O O O y. V� VT VF VY V) Vt M W iuiui-+ Oi-+ rn O W W N m N V V 0 0 N 01 N O W Q 0 0 0 0 0 0 0 0 0 0 0 0 0 0 W , O F+ d N N m m tD N �A 1 1 V Vr V} VY V} V1 Vf 0 0 W A A M M M m W N 0 0 0 91 O p al O O O O O O O la 0 0 0 0 0 0 •� lA lJ1 U1 l7� l!1 N lJ1 F4 lD V W l i o\ V w W V (/` U• V, VT V} Ul to Vi 03 Q ti A A N N N V N � 0 0 O N O N 0P0 cn CD O O O O O O O CD0 0 0 0 0 0 0 m m m W V VY V/ VT VT Vf 1f " N r r `+ `-+ N A0) a) m O m V N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 I P. PO P. P. P. A 00 ni W ID m In m ID m N A A Ul 00 to F-A F + ? A N A m O a OOOOMOO N Q N N N N N N N 0 oorrrw�+ ,P m m O i-+ O r m O O Oo W W N O C%I iA Vf Vs Vf to Vf VT N N N V N N w w lD O 00 a! N N O N O lD Ul O] 00 O N O N m 0 0 0 0 0 0 0 O O O O O O O O A A A In A lD Vt m m w N w N N o CR 00 m m V V V Share and Fee Costs Effective 1 / 1 /2021 Unit Type Quantity Reading 1 BR/1 Bath 7 Soo Line 1 BR/1 Bath 3 Wabash 1 BR/Sun/ 4 1 Bath Milwaukee 1 BR/Den/ 9 1-1/2 Bath Santa Fe 2 BR/1 Bath 6 Great Northern 2 BR/2 Bath 15 Burlington 2 BR/2 Bath 6 Rio Grande 2 BR/2 Bath 12 Golden Spike 2 BR/Den/ 3 2 Bath Included in Monthly Fee Principal and interest Real estate taxes (may be homesteaded) Insurance coverage for the building Operating expenses Lender -required reserves Snow removal, lawn care, maintenance Heat and natural gas Water, sewer, trash Parking space in underground, heated garage Professional management by Guardian Angels of Elk River Pullman Place is a 65-Unit cooperative community. Share cost is the actual purchase price. Monthly fee increases are limited to actual costs and determined by members. Square Share Monthly Foot Value Cost Fee 798 $111,015 $55,439 $735 848 141,452 70,639 937 920 153,462 76,636 1,008 1058 176,375 88,119 1,166 1110 185,148 92,460 1,212 1115 186,000 92,885 1,226 1228 204,853 102,300 1,346 1272 212,178 105,958 1,396 1440 240,202 119,953 1,586 Monthly Fee Does Not Include • Electricity Television/Internet Telephone Personal contents insurance Puffman Place A SS+Cooperative Community 17155 Quincy St. NW • Elk River, MN 55330 (763) 633-0999 • fax (763) 633-0966 www.pullmanplace.org f ,Q Professionally Managed by Guardian Angels Senior Services ©®-- EEO/AA 0 0 0 0 0 0 0 0 0 lull O O o 0 0 0 0 0 0 c Ol M i i N 'i Ln m O Ln V V M N M r-I V V M M O/ Ln lD O N r1 00 00 m m -t I% V m .4 O 00 m N i Ln N n 00 m O1 O O N S f I ci rl N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .s O 00 LO 0) I, O Ln V 01 m N N I, 00 l0 Lr] I, c} n 00 N 00 cn In .-i Ol 00 O1 Ln N I, en Ln 00 M LU Ln a+ � LO 00 00 O rl O rl O ai N rl N rl V s-i Y A N .G f0 X F- N N Nin iR ih in in i� in to N 0 0 0 0 0 0 0 0 0 G m m LO m O Ln O w m u m m m H �.o w O m m i a LA %C O %' l0 r1 w v N 00 N m N am m rn m I m N n 00 m m O O H rn ei N N Ln 0 0 0 0 coo 0 0 •O a LO O c-I tD N a -I f6 d O' N LO LO N .A O 00 01 N 0 V .-i Ln 00 M O > m N N m e-II V N Ln -i +, w w m O ci r1 m mk.0 r-I ti Y m S X x f0 H N � N ilT V? iA VT iA ih ih i/! il! 0 0 0 0 0 0 0 0 0 y 0 0 0 0 0 0 0 0 0 3 0 0 0 O O O O O O 0 0 0 0 0 0 0 0 0 > O v N o Lr7 v r1 fn O v Lr} lO 0 ci H Q) H -i-I Oi a ri m Il r Ln 00 tD Y rn U, W N N � N V? L? iA i/> t/? Vl i/1• in i/} 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 = 0 0 0 0 O 0 0 0 0 7p 0 O 0 lO 0 0 O 0 O) 0 LO 0 0 00 0 O1 > N V M to LO' m 0 w rl Y m ci N m m m Ln m 00 � ci ci rl c-I rl c-I v--1 ci Y .6 G! R 4' IA LLI rl N � N i/► i/? V? V? V? V? V! V? V} W Ol cu L D Y y t Y 0) D Z N ='a J a 3: LL. - o `-pp A ( >_ v a°e Ln In (7 m 0 o[ l7 Rio Grande Rio Grande Grt Northn Milwaukee Gldn Spk w Burlington Grt Northn Soo Line Grt Northn Milwaukee Santa Fe Burlington Santa Fe Reading Grt Northn Milwaukee Grt Northn Rio Grande Rio Grande Rio Grande Rio Grande Grt Northn Milwaukee Gldn Spk Burlington Grt Northn Soo Line Grt Northn Milwaukee Santa Fe Burlington Wabash Reading Wabash Reading Santa Fe Reading Grt Northn Milwaukee Grt Northn Rio Grande Rio Grande Rio Grande Rio Grande Grt Northn Milwaukee Gldn Spk Burlington Grt Northn Soo Line Grt Northn Milwaukee Santa Fe Burlington Wabash Reading Wabash Reading Santa Fe Reading Grt Northn Milwaukee Grt Northn Rio Grande Rio Grande Pullman Place Value Changes 2015-2022 Tax Years Urdt 2015 2016 % Increase 2017 % Increase 2018 % Increase 2019 % Increase 2020 % Increase 2021 % Increase 2022 101 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52is $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 102 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 103 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 104 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% $ 118,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 105 $ 118,400.00 $ 122,200.00 3.21% $ 128,200.00 4.91% $ 135,900.00 6.01% $ 149,200.00 9.79% $ 161,700.00 8.38% $ 181,900.00 12.49% $ 168,100.00 106 $ 101,000.00 $ 103,900.00 2.87% $ 108,900.00 4.81% $ 115,200.00 5.79% $ 126,200.00 9.55% $ 136,400.00 8.08% $ 155,400.00 13.93% $ 147,500.00 107 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 108 $ 76,500.00 $ 78,200.00 2.22% $ 81,200.00 3.84% $ 85,800.00 5.67% $ 93,600.00 9.09% $ 100,900.00 7.80% $ 114,600.00 13.58% $ 110,200.00 109 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 110 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% $ 118,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 ill $ 89,100.00 $ 91,600.00 2.81% $ 95,900.00 4.69% $ 101,500.00 5.84% $ 111,100.00 9.46% $ 120,200.00 8.19% $ 136,900.00 13.89% $ 131,300.00 112 $ 101,000.00 $ 103,900.00 2.87% $ 108,900.00 4.81% $ 115,200.00 5.79% $ 126,200.00 9.55% $ 136,400.00 8.08% $ 155,400.00 13.93% $ 147,500.00 117 $ 89,100.00 $ 91,600.00 2.81% $ 95,900.00 4.69% $ 101,500.00 5.84% $ 111,100.00 9.46% $ 120,200.00 8.19% $ 136,900.00 13.89% $ 131,300.00 118 $ 62,200.00 $ 63,200.00 1.61% $ 65,500.00 3.64% $ 69,000.00 5.34% $ 75,000.00 8.70% $ 80,400.00 7.20% $ 92,000.00 14.43% $ 94,00000 119 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 120 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% $ 118,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 121 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 122 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 123 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 201 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 202 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 203 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 204 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% $ 119,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 205 $ 118,400.00 $ 122,200.00 3.21% $ 128,200.00 4.91% $ 135,900.00 6.01% $ 149,200.00 9.79% $ 161,700.00 8.38% $ 181,900.00 12.49% $ 168,100.00 206 $ 101,000.00 $ 103,900.00 2.87% $ 108,900.00 4.81% $ 115,200.00 5.79% $ 126,200.00 9.55% $ 136,400.00 8.08% $ 155,400.00 13.93% $ 147,500.00 207 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 208 $ 76,500.00 $ 78,200.00 2.22% $ 81,200.00 3.84% $ 85,800.00 5.67% $ 93,600.00 9.09% $ 100,900.00 7.80% $ 114,600.00 13.58% $ 110,200.00 209 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 210 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% $ 119,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 211 $ 89,100.00 $ 91,600.00 2.81% $ 95,900.00 4.69% $ 101,500.00 5.84% $ 111,100.00 9.46% $ 120,200.00 8.19% $ 136,900.00 13.89% $ 131,300.00 212 $ 101,000.00 $ 103,900.00 2.87% $ 108,900.00 4.81% $ 115,200.00 5.79% $ 126,200.00 9.55% $ 136,400.00 8.08% $ 155,400.00 13.93% $ 147,500.00 213 $ 81,100.00 $ 83,100.00 2.47% $ 86,900.00 4.57% $ 91,900.00 5.75% $ 100,500.00 9.36% $ 108,400.00 7.86% $ 123,400.00 13.84% $ 114,500.00 214 $ 62,200.00 $ 63,200.00 1.61% $ 65,500.00 3.64% $ 69,000.00 5.34% $ 75,000.00 8.70% $ 80,400.00 7.20% $ 92,000.00 14.43% $ 94,000.00 215 $ 81,100.00 $ 83,100.00 2.47% $ 86,900.00 4.57% $ 91,900.00 5.75% $ 100,500.00 9.36% $ 108,400.00 7.86% $ 123,400.00 13.84% $ 114,500.00 216 $ 62,200.00 $ 63,200.00 1.61% $ 65,500.00 3.64% $ 69,000.00 5.34% $ 75,000.00 8.70% $ 90,400.00 7.20% $ 92,000.00 14.43% $ 94,000.00 217 $ 89,100.00 $ 91,600.00 2.81% $ 95,900.00 4.69% $ 101,500.00 5.84% $ 111,100.00 9.46% $ 120,200.00 8.19% $ 136,900.00 13.89% $ 131,300.00 218 $ 62,200.00 $ 63,200.00 1.61% $ 65,500.00 3.64% $ 69,000.00 5.34% $ 75,000.00 8.70% S 80,400.00 7.20% $ 92,000.00 14.43% $ 94,000.00 219 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 220 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% $ 118,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 221 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700-00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 222 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 223 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 301 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 302 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600,00 303 $ 91,600,00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 304 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% $ 118,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 305 $ 118,400.00 $ 122,200.00 3.21% $ 128,200.00 4.91% $ 135,900.00 6.01% $ 149,200.00 9.79% $ 161,700.00 8.38% $ 181,900.00 12.49% $ 168,100.00 306 $ 101,000.00 $ 103,900.00 2.87% $ 108,900.00 4.81% $ 115,200.00 5.79% $ 126,200.00 9.55% $ 136,400.00 8.08% $ 155,400.00 13.93% $ 147,500.00 307 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 308 $ 76,500.00 $ 78,200.00 2.22% $ 81,200.00 3.84% $ 85,800.00 5.67% $ 93,600.00 9.09% $ 100,900.00 7.80% $ 114,600.00 13.58% $ 110,200.00 309 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% S 139,600.00 13.77% $ 134,000.00 310 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% $ 118,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 311 $ 89,100.00 $ 91,600.00 2.81% $ 95,900.00 4.69% $ 101,500.00 5.84% $ 111,100.00 9.46% $ 120,200.00 8.19% $ 136,900.00 13.89% $ 131,300.00 312 $ 101,000.00 $ 103,900.00 2.87% $ 108,900.00 4.81% $ 115,200.00 5.79% $ 126,200.00 9.55% $ 136,400.00 8.08% $ 155,400.00 13.93% $ 147,500.00 313 $ 81,100.00 $ 83,100.00 2.47% $ 86,900.00 4.57% $ 91,900.00 5.75% $ 100,500.00 9.36% $ 108,400.00 7.86% $ 123,400.00 13.84% $ 114,500.00 314 $ 62,200.00 $ 63,200.00 1.61% $ 65,500.00 3.64% $ 69,000.00 5.34% $ 75,000.00 8.70% $ 80,400.00 7.20% $ 92,000.00 14.43% $ 94,000.00 315 $ 81,100.00 $ 83,100.00 2.47% $ 86,900.00 4.57% $ 91,900.00 5.75% $ 100,500.00 9.36% $ 108,400.00 7.86% $ 123,400.00 13.84% $ 114,500.00 316 $ 62,200.00 $ 63,200.00 1.61% $ 65,500.00 3.64% $ 69,000.00 5.34% $ 75,000.00 8.70% $ 80,400.00 7.20% $ 92,000.00 14.43% $ 94,000.00 317 $ 89,100.00 $ 91,600.00 2.81% $ 95,900.00 4.69% $ 101,500.00 5.84% $ 111,100.00 9.46% $ 120,200.00 8.19% $ 136,900.00 13.89% $ 131,300.00 318 $ 62,200.00 $ 63,200.00 1.61% $ 65,500.00 3.64% $ 69,000.00 5.34% $ 75,000.00 8.70% $ 80,400.00 7.20% $ 92,000.00 14.43% $ 94,000.00 319 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 320 $ 88,600.00 $ 90,900.00 2.60% $ 95,200.00 4.73% $ 100,600.00 5.67% $ 109,900.00 9.24% S 118,700.00 8.01% $ 135,000.00 13.73% $ 129,100.00 321 $ 91,600.00 $ 94,100.00 2.73% $ 98,400.00 4.57% $ 104,000.00 5.69% $ 113,700.00 9.33% $ 122,700.00 7.92% $ 139,600.00 13.77% $ 134,000.00 322 $ 103,000.00 $ 106,000.00 2.91% $ 111,100.00 4.81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% $ 150,600.00 323 $ 10000.00 3, $ 106,000.00 2.91% $ 111,10orlu 4 81% $ 117,600.00 5.85% $ 128,800.00 9.52% $ 139,400.00 8.23% $ 158,800.00 13.92% 5 150,600.00 . T S 6,050,6WAO 2.68% $ 6,329,100.00 4.60% $ 6,692,500=00 5.74% $ 7,319,AOOM 937% $ 7,905,400.00 R.02% $ 8,995.300.00 13.79% $ 8,603;W&W . % Decrease -5.16% - -5.16% -4.01% -4.37% -7.59% _ -5.08% -4.01% -3.84% -4.01% -4.37% -4.09% -5.08% -4.09% 2.17% -4.01% -4.37% -4.01% -5.16% -5.16% -5.16% -5.16% -4.01% -4.37% -7.59% -5,08% -4.01% -3.84% -4.01% -4.37% -4.09% -5.08% -7.21% 2.17% -7.21% 2.17% -4.09% 2.17% -4.01% -4.37% -4.01% -5.16% -5.16% -5.16% -5.16% -4.01% -4.37% -759% -5.08% -4.01% -3.84% -4.01% -4.37% -4.09% -5.08% -7.21% 2.17% -7.21% 2.17% -4.09% 2.17% -4.01% -4.37% -4.01% -5.16% -5.16% -4.37% Joao- -5 9,09f, Pullman Place Value Changes 2015-2022 Tax Years Unit20152016% Increase2017% Increase2018% Increase2019% Increase2020% Increase2021% Increase2022 % Decrease 101$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 102$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 103$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 104$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 105$ 118,400.00$ 122,200.00 3.21%$ 128,200.004.91%$ 135,900.006.01%$ 149,200.009.79%$ 161,700.008.38%$ 181,900.0012.49%-7.59% Gldn Spk $ 168,100.00 106$ 101,000.00$ 103,900.00 2.87%$ 108,900.004.81%$ 115,200.005.79%$ 126,200.009.55%$ 136,400.008.08%$ 155,400.0013.93%-5.08% Burlington$ 147,500.00 107$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 108$ 76,500.00$ 78,200.002.22%$ 81,200.00 3.84%$ 85,800.005.67%$ 93,600.00 9.09%$ 100,900.007.80%$ 114,600.0013.58%-3.84% Soo Line$ 110,200.00 109$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 110$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 111$ 89,100.00$ 91,600.002.81%$ 95,900.00 4.69%$ 101,500.005.84%$ 111,100.009.46%$ 120,200.008.19%$ 136,900.0013.89%-4.09% Santa Fe$ 131,300.00 112$ 101,000.00$ 103,900.00 2.87%$ 108,900.004.81%$ 115,200.005.79%$ 126,200.009.55%$ 136,400.008.08%$ 155,400.0013.93%-5.08% Burlington$ 147,500.00 117$ 89,100.00$ 91,600.002.81%$ 95,900.00 4.69%$ 101,500.005.84%$ 111,100.009.46%$ 120,200.008.19%$ 136,900.0013.89%-4.09% Santa Fe$ 131,300.00 118$ 62,200.00$ 63,200.001.61%$ 65,500.00 3.64%$ 69,000.005.34%$ 75,000.00 8.70%$ 80,400.00 7.20%$ 92,000.0014.43%2.17% Reading$ 94,000.00 119$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 120$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 121$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 122$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 123$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 201$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 202$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 203$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 204$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 205$ 118,400.00$ 122,200.00 3.21%$ 128,200.004.91%$ 135,900.006.01%$ 149,200.009.79%$ 161,700.008.38%$ 181,900.0012.49%-7.59% Gldn Spk $ 168,100.00 206$ 101,000.00$ 103,900.00 2.87%$ 108,900.004.81%$ 115,200.005.79%$ 126,200.009.55%$ 136,400.008.08%$ 155,400.0013.93%-5.08% Burlington$ 147,500.00 207$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 208$ 76,500.00$ 78,200.002.22%$ 81,200.00 3.84%$ 85,800.005.67%$ 93,600.00 9.09%$ 100,900.007.80%$ 114,600.0013.58%-3.84% Soo Line$ 110,200.00 209$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 210$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 211$ 89,100.00$ 91,600.002.81%$ 95,900.00 4.69%$ 101,500.005.84%$ 111,100.009.46%$ 120,200.008.19%$ 136,900.0013.89%-4.09% Santa Fe$ 131,300.00 212$ 101,000.00$ 103,900.00 2.87%$ 108,900.004.81%$ 115,200.005.79%$ 126,200.009.55%$ 136,400.008.08%$ 155,400.0013.93%-5.08% Burlington$ 147,500.00 213$ 81,100.00$ 83,100.002.47%$ 86,900.00 4.57%$ 91,900.005.75%$ 100,500.009.36%$ 108,400.007.86%$ 123,400.0013.84%-7.21% Wabash$ 114,500.00 214$ 62,200.00$ 63,200.001.61%$ 65,500.00 3.64%$ 69,000.005.34%$ 75,000.00 8.70%$ 80,400.00 7.20%$ 92,000.0014.43%2.17% Reading$ 94,000.00 215$ 81,100.00$ 83,100.002.47%$ 86,900.00 4.57%$ 91,900.005.75%$ 100,500.009.36%$ 108,400.007.86%$ 123,400.0013.84%-7.21% Wabash$ 114,500.00 216$ 62,200.00$ 63,200.001.61%$ 65,500.00 3.64%$ 69,000.005.34%$ 75,000.00 8.70%$ 80,400.00 7.20%$ 92,000.0014.43%2.17% Reading$ 94,000.00 217$ 89,100.00$ 91,600.002.81%$ 95,900.00 4.69%$ 101,500.005.84%$ 111,100.009.46%$ 120,200.008.19%$ 136,900.0013.89%-4.09% Santa Fe$ 131,300.00 218$ 62,200.00$ 63,200.001.61%$ 65,500.00 3.64%$ 69,000.005.34%$ 75,000.00 8.70%$ 80,400.00 7.20%$ 92,000.0014.43%2.17% Reading$ 94,000.00 219$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 220$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 221$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 222$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 223$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 301$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 302$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 303$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 304$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 305$ 118,400.00$ 122,200.00 3.21%$ 128,200.004.91%$ 135,900.006.01%$ 149,200.009.79%$ 161,700.008.38%$ 181,900.0012.49%-7.59% Gldn Spk $ 168,100.00 306$ 101,000.00$ 103,900.00 2.87%$ 108,900.004.81%$ 115,200.005.79%$ 126,200.009.55%$ 136,400.008.08%$ 155,400.0013.93%-5.08% Burlington$ 147,500.00 307$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 308$ 76,500.00$ 78,200.002.22%$ 81,200.00 3.84%$ 85,800.005.67%$ 93,600.00 9.09%$ 100,900.007.80%$ 114,600.0013.58%-3.84% Soo Line$ 110,200.00 309$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 310$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 311$ 89,100.00$ 91,600.002.81%$ 95,900.00 4.69%$ 101,500.005.84%$ 111,100.009.46%$ 120,200.008.19%$ 136,900.0013.89%-4.09% Santa Fe$ 131,300.00 312$ 101,000.00$ 103,900.00 2.87%$ 108,900.004.81%$ 115,200.005.79%$ 126,200.009.55%$ 136,400.008.08%$ 155,400.0013.93%-5.08% Burlington$ 147,500.00 313$ 81,100.00$ 83,100.002.47%$ 86,900.00 4.57%$ 91,900.005.75%$ 100,500.009.36%$ 108,400.007.86%$ 123,400.0013.84%-7.21% Wabash$ 114,500.00 314$ 62,200.00$ 63,200.001.61%$ 65,500.00 3.64%$ 69,000.005.34%$ 75,000.00 8.70%$ 80,400.00 7.20%$ 92,000.0014.43%2.17% Reading$ 94,000.00 315$ 81,100.00$ 83,100.002.47%$ 86,900.00 4.57%$ 91,900.005.75%$ 100,500.009.36%$ 108,400.007.86%$ 123,400.0013.84%-7.21% Wabash$ 114,500.00 316$ 62,200.00$ 63,200.001.61%$ 65,500.00 3.64%$ 69,000.005.34%$ 75,000.00 8.70%$ 80,400.00 7.20%$ 92,000.0014.43%2.17% Reading$ 94,000.00 317$ 89,100.00$ 91,600.002.81%$ 95,900.00 4.69%$ 101,500.005.84%$ 111,100.009.46%$ 120,200.008.19%$ 136,900.0013.89%-4.09% Santa Fe$ 131,300.00 318$ 62,200.00$ 63,200.001.61%$ 65,500.00 3.64%$ 69,000.005.34%$ 75,000.00 8.70%$ 80,400.00 7.20%$ 92,000.0014.43%2.17% Reading$ 94,000.00 319$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 320$ 88,600.00$ 90,900.002.60%$ 95,200.00 4.73%$ 100,600.005.67%$ 109,900.009.24%$ 118,700.008.01%$ 135,000.0013.73%-4.37% Milwaukee$ 129,100.00 321$ 91,600.00$ 94,100.002.73%$ 98,400.00 4.57%$ 104,000.005.69%$ 113,700.009.33%$ 122,700.007.92%$ 139,600.0013.77%-4.01% Grt Northn$ 134,000.00 322$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 323$ 103,000.00$ 106,000.00 2.91%$ 111,100.004.81%$ 117,600.005.85%$ 128,800.009.52%$ 139,400.008.23%$ 158,800.0013.92%-5.16% Rio Grande$ 150,600.00 Total$ 5,892,500.00 $ 6,050,600.002.68%$ 6,329,100.004.60%$ 6,692,500.005.74%$ 7,319,400.009.37%$ 7,905,400.008.01%$ 8,995,500.0013.79%$ 8,602,800.00 -4.37% 2021 Elk River Board of Appeal and Equalization April 12, 2021 Recommendations from the County Assessor For Changes to the 2021 Assessment ATKINSON, GARY M & LINDA 14323 RANCH RD NW ELK RIVER MN 55330-9547 P.I.D. 75-883-0110 Description: Lot 2 Blk 1 LG Acres Physical Address: 14323 Ranch Rd NW Elk River The taxpayer contacted the Assessor's Office concerning the value of his property. He came to the counter on April 121h requesting review of his land valuation. He has 30.62 acres and was questioning if we had enough low area in our calculations. Due to short notice there was not sufficient time for review and recommendation by the Assessor's office. We are recommending no change at this time so that we can take appeal to the County Board. -A3 2021 Elk River Board of Appeal and Equalization April 12, 2021 Recommendations from the County Assessor For Changes to the 2021 Assessment DAVIS, ANN M 13902 189TH AVE NW ELK RIVER MN 55330 P.I.D. 75-462-0135 Description: Lots 9 & 10, Blk 1 Fifth Camp Cozy Physical Address: 13902 189th Ave NW Elk River The taxpayer contacted the Assessor's Office concerning the value of her property. She emailed us on Sunday April 1 Ith questioning increase in value. Due to short notice there was not sufficient time for review and recommendation by the Assessor's office. We are recommending no change at this time so that we can take appeal to the County Board. 2021 Elk River Board of Appeal and Equalization April 12, 2021 Recommendations from the County Assessor For Changes to the 2021 Assessment HARNOIS LIVING TRUST 9509 NEWTON AVE N BROOKLYN PARK MN 55444 P.I.D. 75-130-4202 Description: PARCEL A-2 N 162.50 FT OF S 487.50 FT OF W 629.50 FT OF NW 1-4 OF SE 1-4. Physical Address: 19157 Troy St NW Elk River The taxpayer contacted the Assessor's Office concerning the value of his property. The property is 1296 sq ft berm rambler with a 1-car attached garage. Based on a review of the property the following change is recommended. 75-130-4202 2021 Original 2021 Recommended Change Land $ 82,800 $ 82,800 Improvements $ 142,000 $ 134,900 Total $ 224,000 $ 217,700 Decrease of $ 7,100