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MINUTES OF THE BOARD OF REVIEW MEETING <br />HELD APRIL 29, 1993 <br />Rick Ho I I enkamp._1513 Bay R i.d^__RO-ad->—ilQ-1 17-23 3-^ 199^ <br />value w^s $225,500. He said he purchased this oroperty in 1979 .or <br />$170,000. The residence is 1,350 s.f. In 1982 the value increase <br />64*, at wh»ch tine he appeared before the Board <br />remained the same. Since that time it has increased ,129,000 or <br />122*. He noted his shoreline is a soft, mud bottom, . <br />the traffic in front of his residence has increased. He referred <br />to three properties which recently sold in the neighborhood and <br />noted ail have larger homes and better pro- jrties. Dave Wilde has <br />agreed the value is too high. <br />Dan Perkins. 55_Lanclmar k Dr i ye.,_j101^.111:1-43 22 <br />$339,800. He stated he purchased the property in December 1992 for <br />$320,000, after it was listed for $325,000. <br />Erickson clarified that this is the residence that sustained fire <br />damage and questioned who he purchased from. <br />Perkins said that is the correct home, and they purchased directly <br />from the original owner. <br />Callahan agreed the market value should be lowered to reflect the <br />selling price. <br />Jennifer Dotzenroth. 3225 Casco Circle,_l!20-117-23 43 QQ21x 1993 <br />value $212,000, 1992 value $186,100, or a $26,000 increase. She <br />explained the residence is only valued at $5,900 and needs <br />razed. She questioned the exorbitant increase In land value. She <br />noted many issues afflicting lakeshore owners such as Increased <br />density, erosion, and mil foil. She felt something has to be done <br />to relieve the tax burden for the elderly and lower Income <br />fami I Ies. <br />Goetten stated they are well aware of the concerns of the Community <br />and they are always willing to take the time to listen. <br />Callahan indicated the current economIc conditions drive the market <br />value, but it takes several years fo.' property owners to realtze <br />the change. <br />Jabbour explained the City receives the same amount of <br />regardless of the assessed valoe. He added if the total assessed <br />value is too low the County or the State will increase it. Me <br />stated this Council does support legislation to held the elderly <br />and lower income families to stay in their homes. <br />Dotzenroth felt the 15* increase was excessive. <br />'