04-30-1991 Council Minutes Board of Review

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15. Dennis Landin, 1375 Vine Place - 07- 117 -23 42 0007 and 08. In March 1988 an appraisal was done which indicated a value of $155,000. The 1991 valuation is $190,000. Mr. Erickson will be in contact. 16. Christopher Tully, 1355 North Arm Drive - 07- 117 -23 41 0067, 0068 and 0073. He is *,pur-chasing° the 716t.,M'ay 1st for $74,000. The 1991 valuation is $88,000. The house is in need of a lot of repair and he feels that the purchase price is fair. Mr. Erickson will set up an appointment. 17. Jim Rivers of Windward Marine, 1444 Shoreline Drive - 11- 117 -23 22 0004, 0005,0006, 0007 and 0010. The valuation for 1991 is $620,000. The buildings on the property are all new or in good shape. It is commercial property which can only be used as a marina. Because of current low lake levels and milfoil, the marina business in the past years had deteriorated to a low level. The valuation or taxes should be based on income earned from the property which would make it more reasonable. Mr. Rivers has had a recent appraisal which reflects a much lower valuation than an appraisal done by Hennepin County for the purpose of tax court. Mr. Rivers noted that his occupancy rate currently is 33% or less, with reduced rates. Mr. Erickson suggested that the Council compare both appraisals and review a recommendation by him to base their decision on. 18. Kelly Shaughnessy, 2150 Colin Drive - 03- 117 -23 21 0015. The 1989 valuation was $175,400; 1990 was $192,600; and 1991 is $191,500. There is a house on Bollum Lane in Long Lake, built about the same company, at the same time which is valued at $169,000 which he feels is fair. Mr. Erickson explained that valuation is based on compatible sales in the area. Mr: Erickson will be in contact. 19. R.F. Potas, 2190 Shadywood Road - 17- 117 -23 42 0007. The valuation for 1991 is $274,900; the building is valued at $131,000 and land at $143,900. In 1988 the land value increased by 11 %, 1989 by 21.4% and 1990 by 35 %, and meanwhile the lake level is dropping to an all -time low and the lake is unusable at times because of milfoil. Mr. Erickson will be in contact. The following property owners were unable to attend the Board of Review meeting and submitted letters to the Board Members: H.D. Berman, 3650 Casco Avenue - 20- 117 -23 31 0043 Kurt Nejezchelba, 2625 Kelly Avenue - 20- 117 -23 14 0026 Ormond L. Luger, 2696 Caroline Avenue - 20- 117 -23 24 0034 Lakeside Marina, Inc., 08- 117 -23 41 0012, 08- 117 -23 44 0004, 08- 117 -23 44 0005, 08- 117 -23 41 0014 and 08- 117 -23 41 0007 4