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C/i1991 RBCONVENBD BOARD OF RBVIBM - MAT 13, <br />lardsJwT <br />The 1991 Reconvened Board of Review was held on <br />13, 1991. Mayor Peterson called the meeting to <br />pjn. Councllmembers Goetten, Callahan, Jabbour and <br />present. Representing the City were Mark BernhardsoM^£jB^ <br />Administrator; Rolf Erickson, City Assessor; and Dave Wfl^" <br />Assistant City Assessor; and Teri Naab, Recorder. <br />City Administrator Bernhardson introduced each property <br />owner, address and explained the Assessors' va' lation and <br />reasoning for such. They are as follows: <br />1. Art Brambllla, 3838 Cherry Avenue - PID #08-117-23 33 0003. <br />Mr. Brambllla valuation was at $226,500. It has been <br />reduced to $215,000. The reduction in taxes as questioned <br />by Mr. Brambllla at the last meeting was due to a <br />reclassification from seasonal non-homestead to homestead. <br />2. Jeanette Burch, Big Island - 23-117-23 32 0058. <br />The valuation has been reduced from $51,600 to $48,600. <br />3. Newell Weed, 1385 Orono Lane - 02-117-23 34 0003. <br />The valuation is recommended to stay the same at $522,000. <br />Mr. Weed arrived later and explained that the valuation <br />system Is unfair as It Is based on market value, however the <br />market is dotm. Relatively a small percentage of houses are <br />currently selling, so to use comparitlve sales gives a false <br />market value. He noted also that outstate Minnesota does <br />everything to depress their values while we here, do <br />everything to increase those values, thereby requiring us to <br />pay more taxes and they to pay less. We are taxing <br />ourselves right out of our homes. He feels a fair market <br />value would be $460,000. He also noted that Boyer <br />Construction has Indicated i*hat it would cost approximately <br />$500,000 to upgrade the house. <br />CounclImember Jabbour asked Mr. Weed how much property he <br />has. <br />Mr. Weed explained he has about 1 acre. <br />CounclImember Jabbour noted that he had recently purchased a <br />3 acre parcel for a substantially lower price than what Mr. <br />Weed's valuation for his land is. <br />Mayor Peterson asked Mr. Weed If he currently has an <br />application In with the County for reduction. <br />Mr. Weed noted that It is pending. <br />CounclImember Callahan feels that Mr. Weed should petition <br />to the County for 1991 valuation also and go through the <br />Court of Appeals for a decision for 1990 valuation payable <br />1991.