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MINUTES OF THE <br />ORONO BOARD OF APPEAL AND EQUALIZATION <br />Wednesday, April 15, 2009 <br />7:00 o'clock p.m. <br />31. Bill Wyatt, 4235 North Sixth Avenue, PID 31- 118 -23 12 0013 <br />Wyatt asked if the Board of Equalization meeting two weeks following this meeting was in place last <br />year. <br />McMillan indicated it was. <br />Wyatt stated he probably should speak with the Assessor's Office. <br />The City Council requested the Assessor's Office review Mr. Wyatt's property. <br />32. Dave Lindberg, 3440 North Shore Drive, PID 08- 117 -23 43 0019 <br />Lindberg stated he did speak with Nate Stulc in regards to the value of his house and was provided with <br />four comparables: 3490 Shoreline Drive, 1930 Shoreline Drive, 1501 Bay Ridge Road, and 2054 <br />Shoreline Drive. He has reviewed the comparables. His house consists of 3500 square feet, has a three <br />car garage, three bedrooms, and was constructed in 2003. Located approximately ten houses from his <br />house is a 3100 square foot house consisting of three bedrooms, four baths, three car garage, and 50 feet <br />of lakeshore. That property sold for $700,000. Lindberg indicated in his view that property is probably <br />the most similar to his. <br />Lindberg stated the other comparable was a house that consisted of 5,800 square feet and sold for $1.7 <br />million, which is way out of line. That property is located across the road from the lake like their <br />property is. It sold for $700,000. The two properties located on Bay Ridge are located quite a distance <br />from the lake and both of the lots are larger than his. They are valued at $1.158 million but are requesting <br />$900,000. <br />Stulc stated the first fifty feet of lakeshore on North Shore Drive will be valued the highest at between <br />12,000 and 14,000. Lakeshore in excess of that would be valued at 6,000 per square foot. <br />Lindberg stated he feels the comparable down the street is the closest and that he would like to see a <br />reduction. <br />White asked whether he has had sufficient time to discuss the information with the Assessor's Office. <br />Stulc indicated they could discuss it further. <br />The City Council requested the Assessor's Office review Mr. Lindberg's property. <br />33. Scott Prochnow, 4075 Highwood Road, PID 07- 117 -23 44 0009 <br />Prochnow indicated he would like to go on record stating that he cannot afford the property taxes any <br />longer. He moved out here in 1982 and he can remember reading almost every year about how people <br />were getting taxed out of their homes. He has been able to manage their mortgage and they have adjusted <br />their lifestyle but cannot manage the steady increases in their property taxes. <br />• White asked what the assessed value is. <br />PAGE 15 <br />