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COUNCIL MEETING <br />JAN -� /91S <br />TO: Mayor and City Councilmembers <br />City of Orono CITY OF ORONO <br />cwOM: Rolf Erickson <br />City Assessor <br />ZPATE: January 10,1984 <br />RE: 1985 Assessment -Ratio stud) <br />PIeasc refer to the attached summary of our sales +cr the <br />1985 assessment. <br />The sales used cn our study were thoss occurring from august <br />31, 1983 to the present. Normally Hennepin County uses sales <br />fror.. August 31, 1983 through August 31, 1984 to determine the <br />January 2, 1995 assessment. I have included sales past August <br />31, 1984 to have a more complete study. <br />As of this date I have not been able to isolate anv single <br />property characteristic that affects the majority of the <br />Lakeshore sales or the non-lakeshore sales. Bp -'_,re wo <br />complete the assessment wP will analyze all 'he sales G- age of <br />dwelling, size of dwelling, and site c— —c+esistic=. <br />Ymu will notice that generally property incated on ba-s with <br />r.stricted access (rf-stricted clearanrc channel) to the Lower <br />c,r Upper Lake have higher ratios. <br />"=•+.Qr than attempt a more detailed anal w t n-,terial in <br />wrr ti6g, Dave Wilde and I wi l l attoot the Januar i ' aunci i <br />meeting to answer any quse t i on s th:xt you may hat. <br />Rolf Erickscrr. <br />