05-24-1989 Council Minutes Reconvened Board of Review

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v 1989 RECONVENED BOARD OF REVIEW 6. Alan Larson, 3844 Cherry Avenue P.I.D. 08- 117 -23 33 0004 Mr. Larson stated he had talked to Rita prior to tonight's meeting and she had answered all of his questions regarding the identified property. He went on to say he is in the process of purchasing the adjacent property for $70,000 and the 1989 market value is in excess of $80,000 and wanted to know how this value can be changed. Rita stated that once the purchase has been completed the Assessor would revalue this property. Mr. Erickson stated he could not change the 189 value until Larson was the actual owner noting he would revalue the property at that time. There was not action by the Board on this matter. 7. David Bie, 1910 Shadywood Road P.I.D. 17- 117 -23 24 0020 Mr. Bie asked the Assessor for a breakdown on the valuation between land and structures stating his lot was 75 feet of lakeshore and 176 feet deep. Councilmember Goetten asked Mr. Erickson if he had reappraised this property for 1989. Erickson replied he had changed the value from $229,400 to $170,400 noting this reduction was due to an error in calculation. • It was moved by Mayor Grabek, seconded by Councilmember Goetten that the Board accept the Assessor's revised 1989 market value. Motion, Ayes 5, Nays 0. 8. Jack McElhaney, 875 Partenwood Lane P.I.D. 05- 117 -23 34 0013 Mr. McElhaney stated he paid too much for the property. He stated he had talked with the Assessor and his staff and they had answered his questions in a very professional and courteous manner. He stated his property was valued higher than neighboring properties noting his lot was pie shaped and because of the low lake level was unable to use his lakeshore. Mr. Erickson stated that odd shaped lot values were based on a functional value noting that this procedure was an accepted appraisal practice. Mayor Grabek suggested Mr. McElhaney use the appeal process. Mr. McElhaney asked the Assessor if his property was equitable with 850, 855 and 880 Partenwood. Erickson stated he would give him that information. It was moved by Mayor Graybek, seconded by Councilmember Callahan to accept the Assessor's 1989 market value. Councilmember Callahan stated that either the Assessor is correct, the value is too high or the neighboring properties are too low and you are not too high. Mayor Grabek noted that the property owner can still appeal to the County Board. • Councilmembers Nettles and Goetten noted the 1989 market value is under the purchase price. Motion, Ayes 5, Nays 0. 3