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« <br />— <br />MINUTES OF THE <br />OkONO BOARD OF APPEAL AND EQUALIZAl ION <br />Wedacsday, April 20,2005 <br />7:00 o’clock p.in. <br />Prochnow stated at the present rate of increase, his valuation would probably approach a million dollars <br />next year and that in his (pinion his house is not worth that much. <br />Wynn stated there are other comparables around the lake that this valuation is compared to and that it is <br />not based solely on one transaction. Wyrai pointed out in an area where there is a very low turnover, the <br />values may not be adjusted upwards as high as necessary to reflect the current market rates and that they <br />may experience a higher than usual adjustment one year to catch up to the market rate. <br />Wynn inquired whether this house has been appraised recently by anyone. <br />Prochnow stated two real estate agents have indicated his house is worth approximately $600,000 to <br />$650,000. <br />Murphy noted Prochnow has the option of having the Assessor’s OfTicc review his property and then <br />proceeding forward to the County if he is still dissatisfled with the valuation. <br />The Board requested the Assessor visit the Prochnow property. <br />Mayor Peterson noted the City received the following written appeals: <br />John R. Bums, 2080 Shoreline Drive, PID lS-117-23 21 <br />Jack and Bobbi Henrich, 4125 Highwood Road, PID 07-117-23 44 0084 <br />Tim and Natalie Vaughan, 205 Tonka Avenue, PID 05-117-23 13 0053 <br />John Busacker and Carol Busacker, 2380 Abingdon Way, PID 03-117-23 23 0016 <br />Karen and David Tayeh, 1370 French Creek Drive, PID lO-117-23 32 0010 <br />Davy noted he received the following wrinrn appeal this afternoon: <br />Green Valley & Associates. 2190 Wayzau Boulevard, 34-118-23-21-0033 <br />Peterson requested the Assessor contact the above property owners. <br />Davy requested the Board close the meeting to any requests that the Assessor’s Office may receive after <br />tonight’s meeting. <br />Mnrphy Moved, WhMc aecended, to dose the iMctteg to aoy hirther requests for reviews before the <br />Orooo Board of Appeal aod EqoaUntfon. VOTE: Ayes4,NaysO. <br />URNMENT <br />While awved, Murphy seconded, to recess and to reconvene the Oroao Board of Appeal aad <br />Equalisation no farter than 20 days froM tonight’s inectinf. VOTE: Ayes4,NaysO. <br />a.-PAGE7