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m <br />CITY of ORONO <br />Post O(Bn• Boa GG•CrYetel B.,, Mi...W 5r53 ). M..j,j el O ficn <br />On the North Shore of i ake Minnetonka <br />April 30, 1986 <br />Mr. James Kelly <br />Spring Hill Conference Center <br />725 Sixth Avenue North <br />P.O. 288 <br />Wayzata, MN 55391 <br />Dear Jim, <br />As you are probably aware Rolf Erickson and Dave Wilde, who <br />provide assessing services for the City of Orono on a contract <br />basis, have done an appraisal of Spring Hill properties as <br />required every six years for all tax exempt F p(-ties. That <br />valuation yielded a total valuation of 3.18 milAion .jllars for <br />the five parcels that are registered to Spring Hill. These break <br />down as follows: <br />P.I.D. <br />Acres <br />Valuation <br />1. <br />25-118-23 <br />sl <br />0002 <br />16.83 <br />134,609 <br />2. <br />25-118-23 <br />33.0001 <br />23.65 <br />239,200 <br />3. <br />25-118-23 <br />33 <br />0002 <br />21.44 <br />2,536,200 <br />4. <br />26-118-23 <br />41 <br />0002 <br />8.80 <br />70,400 <br />5. <br />26-118-23 <br />44 <br />0004 <br />25.33 <br />202,600 <br />TOTALS <br />96.05 <br />3,183,000 <br />You are aware the first, fourth and fifth parcels have not <br />been included in the •calculation• for determining a voluntary <br />contribution for Spring Hill. Attachment 41 lists what that <br />voluntary contribution would be listing all five parcels. The <br />second column lists what that value would be for the two parcels <br />that have utilizied in the past. <br />It is our understanding however, that parcels four and five <br />were in the past taxable and that based on a petition filed on <br />behalf of Spring Hill on May 16, 1985 these parcels were declared <br />tax exempt, with parcel one exempt since 19BO. <br />SUILDINGA ZONING-tlY73S7 • ADMINISTRATION A FINANCE -tl]735S • eURI It WORKS -V3-7359 <br />ASSESSING <br />