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HomeMy WebLinkAbout05-10-1993 Board of Review Reconvened Minutes'A • • • MINUTES OF THE RECONVENED BOARD OF REVIEW MEETING HELD MAY 10, 1993 ROLL The Board of Review met on the above date with the following members present: Mayor Edward Callahan, Councilmembers J. Diann Goetten, Gabriel Jabbour, and Charles Kelley. JoEllen Hurr arrived at 7:56. The following represented the City staff: City Administrator Ron Moorse, City Assessors Rolf Erickson and Dave Wilde. Mayor Callahan called the meeting to order at 7:30 P.M. Mayor Callahan explained the Board has received recommendations from the Assessor for the 46 properties for which the owners have questioned the value. He said if property owners still are not satisfied, they retain their right to appeal to the County. He noted there are a number of people who contacted the Assessor wishing to preserve their right to appeal, and that list is included in the packet. He said he feels we have a very strong Assessor doing a very tough job. He reiterated the assessments are complied by mass appraisals using comparisons and selling ratios. He pointed out the area actually reviewed this year was North Shore Drive. The appraised values compared to the selling ratio indicated the market values were approximately 14% lower. The County requires a valuation of 92 to 93% or the value is automatically raised. Mayor Callahan noted there were some properties which were reduced by the Board at the last meeting, and those will be included in the approval motion. Greg Gerard, 2610 Mapleridge Lane Mayor Callahan noted at the first should be reduced to $250,000. John Ericson 1620 Shadywood Road Jabbour felt this value should be Mayor Callahan noted the apprais value. #21- 117 -23 21 0009. meeting, they decided the value #17- 117 -23 21 0012. further reduced. al changed by reducing the land Jabbour agreed that lakeshore property is a premium, but at the same time property adjacent to commercial activities, such as the pub I i c I and i ng, i s not worth as much. He sa i d due to the County Roads abutting this property, the public access across the road, and the parking along the street, the value should be reduced. Kelley noted the similar parcel adjacent to this home that just sold for $235,000. 1 r, • MINUTES OF THE RECONVENED BOARD OF REVIEW MEETING HELD MAY 10, 1993 Jabbour felt the value should remain at $232,000. Goetten felt it was a large increase, and the property should realize a smaller increase. Jabbour felt they should be more concerned with the market value, not an increase each year. Kelley suggested $240,000. George and Charmoin Grooms, 3065 North Shore Drive, #09- 117 -23.32 0001. Mayor Callahan felt this valuation was too high, and felt $204,400 would be a more reasonable value. He said the entire amount increase for the property was assigned to the land, and he felt the value of the land should be Iimited to an increase of 16.4% as other lakeshore properties have done. All members agreed to this reduction. • Curt Quady, 1223 South Brown Road #10- 117 -23 31 0065. Mayor Callahan felt the value should be reduced to between $83,500 to $86,900. He felt the main reason for the increase was probably the sale of the next door house. The comparable house used has five bedrooms. He felt the 15% increase was excessive. Jabbour agreed. Goetten felt it should be $83,500. Dean Molin, 248 Cygnet Place #04- 117 -23 23 0017. Mayor Callahan stated he did not agree with the value for this parcel. He thought the value should be $161,000. The land seems to have increased substantially. All agreed. Steve Wilson, 2485 North Shore - Drive, #09- 117 -23 44 0001. Mayor Callahan said he did not agree with the valuation. He felt the shoreland has gone up 23% for no particular reason. If the land is reduced to the 16.4 %, the value would be $461,400. All but Hurr agreed to this reduction. Hurr felt the property • fronting on Crystal Bay with the view was not over - valued. 2 MINUTES OF THE RECONVENED BOARD OF REVIEW MEETING HELD MAY 10, 1993 Jabbour stated if they are looking at this property as a potential tear -down, one must include in the price the cost to raze the buildings. Hurr stated she could not believe anyone would tear the house down. Charles Schoen, #09- 117 -23 41 0.009. Mayor questioned the buildability of the lot. Rolf Erickson said if the owner would like to document the unbuildability, the value could be reduced. Mayor Callahan said assuming it is buildable land, he was not dissatisfied with the valuation. George Capp, 2080 Shoreline Drive #15- 117 -23 21 0006. Mayor Callahan noted the Board at the previous meeting did reduce • the value to the sale price. After review of the Assessor's comments, he felt perhaps that was not quite right as the earlier sales would indicate a higher value. He stated the Sheriff's sale is a sale which the person is only interested in getting his money back. Jabbour disagreed as everyone is invited. There was no change from the reduced amount. Laurence Reardon, 3080 North Shore Drive, #09- 117 -23 32 0019. Jabbour questioned the Assessor's feeling on this property after review. Erickson stated the owner compared his property to previous sales on Lafayette Bay, of which two had been altered after purchase. He said this house has been updated. Jabbour noted the proximity to the marinas. He said at some point updating is necessary, but that may not increase the value. Erickson said if there is a substantial change in the house, the value will increase. Jabbour felt the value should be $380,000. • All agreed. 3 Pell- MINUTES OF THE RECONVENED BOARD OF REVIEW MEETING HELD MAY 10, 1993 It was moved by Mayor Callahan, seconded by Jabbour, to accept the recommendations of the Assessor with the exceptions of the particular items reviewed individually. Ayes 4, nays 0. Hurr abstained. ADJOURNMENT The reconvened Board of Review was adjourned at 8:27 p.m. by Mayor Callahan. ATIV$T : orothy Hallin, City Clerk Edward J. Call an, Jr., Mayor/ 4 0 • •