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APR 26 '35 X0:46 OLD REPUBLIC TITLE <br />April 26. 1995 APR 2 6 1995 <br />City Assessor <br />Local Board of Review <br />Orono, MN <br />Re: Hennepin County Real Estate Valuation Notice <br />1995 Value for Taxes Payable in 1996 <br />Property Address. 2474 Carman Street <br />Wayzata. MN 55391 <br />I.D. #20-117-23 12 0027 <br />Dear Sir; <br />I am unable to be at the local Board of Review meeting scheduled for April 26,1995 at <br />7:00 p.m. at the Orono Council Chambers. <br />I am contesting the estimated market value of $340,000 for the 1995 Value For Taxes <br />on the above property The most current appraisal of our property was made on <br />November 22.1993 at a value of $309,000 (see enclosed copy of this appraisal). The <br />Orono City Appraiser/Assessor was provided with a copy of this appraisal in April 1994. <br />At that time, the 1994 value was set at $328,000. (See copy of 19^ Valuation Notice <br />enclosed.) <br />After review by the City Assessor, the $328,000 was reduced to $308,200. (See <br />enclosures dated April 27, 1994 and May 5,1994.) I have also enclosed a copy of my <br />letter to the Orono Board of Review dated April 25, 1994, <br />Once again, I find if very difficult to understand how the estimated value of property eau <br />increase from $308,200 as of January 2, 1994 to $340,000 in April 1995. In 1994, <br />Property Value For Taxes increased from $303,500 to $328,000. In 1995, Property <br />Value for Taxes increased from $308,200 to $340,000. <br />Based on the appraisal value of November 23,1993, there is no justification for this <br />increase of $31,800 <br />Sincerely. <br />Ward E. Edwards <br />2474 Carman Street <br />Wayzata, MN 55391 <br />471-8155 (h) or 520-5558 (w)