04-17-1990 Council Minutes Board of Review

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• r r Mayor Grabek stated the Assessor would review the property. 21. Mr. and Mrs. Strickland, 735 North Ferndale Road P.I.D. 36- 118 -23 12 0008 Mrs. Strickland stated the 1990 market value was $529,000. In conversation with Paul it was noted that the land value is $142,000. She stated she was not contesting the market value of house specifically however, she was contesting the market value of the land. This is lakeshore on Lydiard Lake, they have 2 dry acres out of just under 4 acres, the rest is marshland. They do not have direct access to the lake because of the marsh. The lake is being choaked by Purple Loose Strife and is suffering from the drought. Eventually the lake will disappear, in the last 5 years the lake has_receeded its shoreline at least over 50 %. Councilmember Callahan asked if they contested the combined valuation. Mrs. Strickland indicated yes. Mayor Grabek stated the Assessor would review the property. 22. Jerry Barthel - No comments. 23. Newell Weed, 1385 Orono Lane - P.I.D. 02 -117 -023 34 0003 No comments. 24. Jim Rivers, 1440 -1444 Shoreline Drive • P.I.D. 10- 117 -23 22 0004, 0005, 0006, 0007 and 0010 Mr. Rivers stated this is the property that comprises Windward Marine on Browns Bay. Mr. Rivers gave the Council printed material. He stated the property value was to be based on income and for the past couple of years the marinas around the lake are suffering because dock rental is down 50 %. He stated customers are being driven away by bad publicity. Mayor Grabek stated the City did not want to see him go out of business. Councilmember Nettles requested a copy of the court decision which states the income from the property, slip rental, would be the basis for the taxes. Mayor Grabek stated the Assessor would review the valuation. 25. Elizabeth Crear, 4701 Shoreline Drive - P.I.D. 20- 117 -23 21 0033 Ms. Crear stated the 1990 valuation is $274,000 compared to 1989 value of $266,100. She stated that because of the County Road 15 construction during 1989 she had lost two tenants and has not been able to lease this space. Mayor Grabek stated the Assessor would revalue the property. Assessor stated he would review the occupancy ratio and also the income expense. 26. E. C. Graham, Jr., 95 Leaf Street - P.I.D. 05- 117 -23 11 0005 Mr. Graham stated he had two values; ag and residential market value. He stated there is a 28 1/2% increase over 4 years on the ag value and a 21% increase over last year. The 1990 ag value is $282,300 and in 1989 it was $233,900. There have been no • improvements to the home in the last 5 years. Mayor Grabek noted that the values had increased because of comparable sales it is not just if the person improved the property. Mr. Graham stated he had asked the Assessor to revalue the property prior to 672