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'A <br />• <br />• <br />• <br />MINUTES OF THE RECONVENED BOARD OF REVIEW MEETING <br />HELD MAY 10, 1993 <br />ROLL <br />The Board of Review met on the above date with the following <br />members present: Mayor Edward Callahan, Councilmembers J. Diann <br />Goetten, Gabriel Jabbour, and Charles Kelley. JoEllen Hurr arrived <br />at 7:56. The following represented the City staff: City <br />Administrator Ron Moorse, City Assessors Rolf Erickson and Dave <br />Wilde. Mayor Callahan called the meeting to order at 7:30 P.M. <br />Mayor Callahan explained the Board has received recommendations <br />from the Assessor for the 46 properties for which the owners have <br />questioned the value. He said if property owners still are not <br />satisfied, they retain their right to appeal to the County. He <br />noted there are a number of people who contacted the Assessor <br />wishing to preserve their right to appeal, and that list is <br />included in the packet. He said he feels we have a very strong <br />Assessor doing a very tough job. He reiterated the assessments are <br />complied by mass appraisals using comparisons and selling ratios. <br />He pointed out the area actually reviewed this year was North Shore <br />Drive. The appraised values compared to the selling ratio indicated <br />the market values were approximately 14% lower. The County requires <br />a valuation of 92 to 93% or the value is automatically raised. <br />Mayor Callahan noted there were some properties which were reduced <br />by the Board at the last meeting, and those will be included in the <br />approval motion. <br />Greg Gerard, 2610 Mapleridge Lane <br />Mayor Callahan noted at the first <br />should be reduced to $250,000. <br />John Ericson 1620 Shadywood Road <br />Jabbour felt this value should be <br />Mayor Callahan noted the apprais <br />value. <br />#21- 117 -23 21 0009. <br />meeting, they decided the value <br />#17- 117 -23 21 0012. <br />further reduced. <br />al changed by reducing the land <br />Jabbour agreed that lakeshore property is a premium, but at the <br />same time property adjacent to commercial activities, such as the <br />pub I i c I and i ng, i s not worth as much. He sa i d due to the County <br />Roads abutting this property, the public access across the road, <br />and the parking along the street, the value should be reduced. <br />Kelley noted the similar parcel adjacent to this home that just <br />sold for $235,000. <br />1 <br />