02-12-1996 Council Packet - Laserfiche WebLink

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c:: CITYof ORONO Municipal Offices Strest Address: 2750 Kelley Parkway Orono. MN 55356 Mailing Address: P.O. Box 66 Crystal Bay, MN 55323-0065 Dean Maeser 372 Westlake Street Long Lake, MN 55356 RE: Follow-up on our discussion regarding your property Dear Mr. Maeser: As a follow-up to our meeting on April 17. this letter is to address some of the options that were di^cusL regLing the future of your property. We discussed the followmg concepts: 1. Rezone from LR-IA - 2 Acre, to LR-IB - 1 Acre, then replat into 1-r acre lots. 2. Replat three lots into two, requiring a lot area variance. 3. Lot line rearrangement between existing lots, existmg mam ouse i remaining or removed. Each of these scenarios has pros and cons, and none are guaranteed to be approved if requested. ^weveSre addressing each scenario, I will address the tax situation which you questioned. Vonr three lots which were created many decades ago as part of the subdivision of Hillside Park, tove mmained as three separate tax parcels. You asked how the assessed values on thern changed a few years ago. Orono lax records only date back to 1974. Enclosed is a copy mx and valuatiL data we have available, and 1 would offer the following comments: • 1974-76 - Greatest value consistently placed on middle lot. • 1977-82 - Steady large increases in land value, main building value still on middle lot. .11. . 1983-present - Main building value placed on the northerly lot. • 1986 -^Apparent reapportionment of homestead/HACA between north and mid • 1988-89 - North lot apparently got no homestead/HACA, and taxes extremely high (-H40-50%) for these two years. . 1990 - Taxes on north lot back to 1987 level - apparently received credits^ • 1991 - Further major credit on middle lot, but disappears agam m 1992-95. • 1992-95 - Taxes and valuation fairly stable. Telephone (612) 473-7357 • FAX 473-0510