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r <br />I <br />APP - 22-19'r 3 09=01 h :<uh *#;e bio elpfaiieb &12912T-410 F'.Ol-Ol <br />Warren and Christine Bielke <br />2565 Dunwoody <br />Wayzata, MN S5391 <br />April 21, 1998 <br />Rolf Erickson, Cii> Assessor <br />2750 Kelly Parkway <br />Orono, MN 55356 <br />Dear Mr. Erickson and Cit> Council: <br />We arc writing to question our real estate valuation notice payable in 1999, <br />The increases this year in both the limited market value and estimated market \ alue far <br />exceeds the actual value of oil- home. The proposed increase in mar ket value is S207.000 <br />or 27.3®/'o more than las: year. The percentage of change over tlie past five years has <br />varied from (a decrease!) -.003% to increases up to 5.8%. See attached copies of the last <br />five vears of valuation notices. <br />We understar.d that by law the increases in limited market values arc capped at 10% per <br />vear. We are not sure, ho.vever, how such a large estimated market value was determined. <br />Tc substantiate our fccl'mgs. we’ve attached an appraisal done this week that lists the <br />appraised value of 2565 Dunwoody Avenue at $800,000 which is $43,800 below the <br />limited market value and 5165,000 below the estimated irarket value. <br />Needless to say, we wish oar property would be as valuable as Orono lias estimated, tut <br />unfortunately that ’s not the case. We certainly v/culd appreciate your reviewing this <br />information and. if in agreement, adjust our market \ames accordingly. <br />Sincerely. <br />Warren Bielke Chris ne Bielke <br />enclosures <br />TOTtliL P.01