06-10-1985 Council Packet - Laserfiche WebLink

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n ( I 717 171 . June 5, 1985 Mayor Mary C. Butler and Councilpersons Lynn Adams, Timothy Adams, Thomas Fraham and James R. Grabek City Of Orono, Board Of Review 1335 South Brown Road P.O. Box 66 Crystal Bay, Minnesota, 55323 Re: 997 Wildhurst Trail P.I.D. C7-117-23-21-0004 Dear Madam and Sirs: The purpose of this letter is to present to you our reasons for believing that the proposed estimated market value for our home as of January 2, 1985 is excessive. Our opinion is founded both on factual data and upon established legal principals. There are two .najor issues. First, what is the "fair market value" of our prriperty. Second, is the proposed"estimated market valud'an equal treatment of our property in comparison with other properties in Hennepin County. We moved into Minnesota in 1984. We signed a purchase agreement for this property on June 2, 198, and the transaction was closed and we received the deed to the property on July 9, 1984. While the size of our lot is ill feet by 656 feet, thEre is but 228 feet between the front of our lot and the channel. The balance of the depth of our lot is marsh land which lies across the channel, is in essence unbuildable, and is unuseable by us excep for vista -type purposes. Therefore, the useable portion of our property contains but slightly more than one-half acre. The prop- erty is served by public sewer, but our water supply is by means of our private well. The road which provides access to our property is a narrow gravel private road, which is in poor condition. We understand that numerous attempts have been made to have this road taken over by the City and improved, but that the City refuses to accept it. As it is a private road, the individual land owners must bear the expenses of maintaining it, plowing the snow from it, etc. This fact, of course, reduces the value of this property in comparison with other properties which are serviced by public roads and,/or have public water systems.