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April 14, 1994 <br />heceived <br />APR 1 5 <br />0ffOfO****° <br />Mr. David F. Wild <br />Assessor, City of ORONO <br />2750 Kelly Parkway <br />Orono, Mn. 55356 <br />Dear Mr. Wild; <br />I have just received the proposed Real Estate Property Tax for 1994 on my property <br />at 1489 Shoreline Drive <br />Last year the valuation on my property was increased by <br />the proposed valuation represents an Increase of almost lOZ. To me. an increase <br />of 18.9% in the space of two years is very excessive. <br />1 would like to address a second consideration that is suggested by the definition <br />of "Market Value", as stated on the back of Che Real Estate Valuat on . <br />First, it states "Market Value" is defined as the most probable price chat a well <br />informed buyer would pay a well informed seller for a property without either <br />n"rtrbeln7undulv forcL to buy or sell", and that the valuation of your property <br />irblsH on "r'eported and recorded maTi^t sales data from property similar to <br />yours". <br />In AuRust 1993 I suffered a Cardiac Arrest which I was fortunate enough to survive <br />bf 5iirirnc:Lyri:pt^i:erp!J::ak:r^?^^^ -iS^Ji^^or. «y <br />o-rris" rLrr^rd\itJ.rr-ii-i:ir <br />the maintenance of my P«P«'T- The combination of this <br />: :«fa! "its Th: ia lfa^S :ubs a^tial incrLses in my P-P««y^-xes have <br />put me into the category of a party e ng <br />health is cfcc concern to These increases, when coupled <br />CO bring me to the *°cced to s P^^ Shoreline Drive) <br />t"'’the°rec«ded“ale price of S3j0.000.00. I contend that the proposed valua- <br />tion of my home at $407,200 is excessive. <br />u Jn urltine because I know how busy you are these days <br />Ld“wouirprJb!bly liL to give them some thought before 1 call you for your <br />response. <br />Your^very truly. <br />•Elmer S. ConoVe <br />1489 Shoreline Drive <br />Wayzata, Minnesota 55391