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0 :: <br />ORONO BOARD OF REVIEW <br />RECONVENED MONDAY, MAY 14, 2001 <br />7. Jim Rivers, 1440 Shoreline Drive, 11-117-23-22-0004,-0005, -0006, -0007, -0010— • <br />Continued <br />there is no room for future expansion. He had spoken to John Schmidt of Sheenahan <br />Company and Mr. Baker, a business valuation consultant, and was informed that the <br />Hennepin County appraisal was too high; they recommended a value of $580,000. He <br />did not, however, have an official independent appraisal for the Council to review. <br />Rivers also argued that a price per slip was unfair because different size slips rent for <br />different amounts. <br />Bennett stated that just because the houses were not rentable, does not make them <br />worthless. He stated that he assessed the property based on its current use and not on <br />potential future uses. He also stated that Windward's income did support a value of <br />$1.25 million. <br />Moorse stated that even if the sale of Lakeside Marina was an aberration, Lakeside was <br />appraised at $2.5 million and Windward at $1 million. <br />Jensen stated that Mr. Rivers could appeal at the Hennepin County Board of Equalization <br />and could present a new appraisal then. <br />Acting Mayor Sansevere stated that in the absence of contrary information, Council was • <br />forced to act on the Assessor's appraisal. <br />Sansevere moved, and White seconded that the Windward Marina (#11- 117- 23 -22- <br />0004, -0005, -0006, -0007, -0010) assessment should be reduced from the original <br />2001 EMV of $1,254,000 to the recommended 2001 EMV of $1,000,000. <br />Vote: Ayes 3, Nays 0. <br />16. David and Sherokee Ilse, 3630 Eileen Street, 05- 117 -23 -21 -0013 <br />Jensen stated that Kevin Wynn appraised the property and found that no changes are <br />recommended. <br />Mr. Ilse stated they were shocked that a 23- year -old home increased in value 25% in one <br />year. The Ilse's felt that the other homes listed as similar to theirs were not actually <br />similar. Mrs. Ilse stated that they have not remodeled their home. The average increase <br />in the City was 16 %. She stated that they have not yet had realtors appraise the property, <br />but intend to do so. <br />Wynn stated that the value of the house increased from $186,500 to $205,000, which was <br />a fair increase. The main increase in the property value was in the land. <br />White stated that he did not feel the increase was fair. Mr. Isle stated $325,000 • <br />2 <br />