05-12-2003 Board of Review Packet

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MINUTES OF THE ORONO LOCAL BOARD OF APPEAL AND EQUALIZATION MEETING Wednesday, April 23,2003 7:00 o ’clock p.in. Jensen indicated that she had reviewed the property and the minimum assigned value that can be given to residential buildings is SI,000, which she did. She pointed out that the land value was $224,000 in her estimation and the buildings at merely $1,000. Since the site next door is industrial, Mr. Goldsmith felt the land was worth only the 2002 estimate of $200,000. He pointed out that it will cost him $15,000+ to remove the buildings from the site. Based on his experience with the Mn/DOT buy out process, Murphy was surprised that the property was only given a value of $200,000. In contrast, many similar properties of 3-5 acres have been selling for $350,000-$500,000. Sansevere stated that he supported the $200,000 appraisal. Goldsmith noted that, just one year ago, he could have sold 13 acres for $750,000. He suggested that the mass valuation process does little to take into consideration the grading process. He questioned why and how parcels are compared to other parcels on a mass appraisal. Murphy pointed out that all of the properties subject to mass appraisal can also be redefined by individual review. In regard to selling his property, Murphy suggested that the owner might be better served by dividing it up into smaller palatable parcels. Sansevere moved, Mnrpby seconded, to approve the appraisal for $225,000 for the property located at 225 N. Old Crystal Bay Road. VOTE: Ayes 4, Nays 0. 7) Beverly Silberman, 465 S. BrowTi Road, PID #03-117-23 31 0002 and 0001 to be reviewed. 8) Natalye Chemerskaya, 2490 Casco Point Road, PID #20-117-23 21 0036 to be reviewed. 9) Marcia Hickey, 4640 Tonkaview Lane, PID #07-117-23 32 0043 to be reviewed. 10) Charles Hommeyer, 465 Linden Avenue, PID#06-1 17-23 41 0109 to be reviewed. 11) James Suddendorf, 1070 Tonkawa Road, PID #08-117-23 13 0020 to be reviewed. The board moved to accept the reviews put into record, with no additional appeals being noted, for the reconvening of the Board of Appeal and Equalization Meeting on May 12, 2003, at 6:00 P.M. VOTE Ayes 4, Nays 0. ADJOURNMENT White mo^ ed, Nygard seconded, to adjourn the Orono Local Board of Appeal and Equalization Meeting of April 23,2003 at 8:47 P.M. VOTE: Ayes 4, Nays 0. ATTEST: Linda S. Vee, City Clerk Barbara Peterson, Mayor PAGE 6 of 6