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MINUTES OF ORONO 1992 RECONVENED BOARD OF REVIEW MEETING <br />HELD MAY 11, 1992 <br />ROLL <br />The Reconvened Board of Review met on the above date with the <br />following members present: Mayor Barbara Peterson, Councilmembers <br />Gabriel Jabbour, Mary Butler and J. Diann Goetten. Edward Callahan <br />was absent. The following represented the City staff: City <br />Administrator Ron Moorse, Public Works Director John Gerhardson, <br />City Assessor Rolf Erickson, Assistant City Assessor Dave Wilde, <br />and City Recorder Teri Naab. Mayor Peterson called the meeting to <br />order at 6:00 P.M. <br />Harvey Anderson, 1101 Willowbrook Drive, PID# 26- 118 -23 41 0003 & <br />0006, felt the - -new valuation was still inequitable and inconsistent <br />with the surrounding neighborhood. He stated the property next <br />door which is fairly comparable is for sale for $30,000,more than <br />his asking price and yet it was originally appraised almost $50,000 <br />less than his home and after the-adjustment is still $19,000 less <br />than his home. He noted another house down the street was valued <br />at $24,000 more than his house in 1981 and since then have <br />installed a pool, and until the adjustment was made, his property <br />was valued at $19,000 more than that property. <br />Jabbour stated they are told by the Legislature based on the fair <br />market value. <br />Anderson said that on his street there are seven homes which are <br />in Orono and several in Medina. The properties In Orono have been <br />raised more than those in Medina. He noted*a property that is <br />comparable to his home on Salem Court which just sold for $265,000 <br />and his realtor has suggested lowering his selling price. He said <br />his wife asked the assessor why the discrepancy between the 1981 <br />valuation between the two houses and the 1992 valuation. The <br />answer was there must be some specific reason. <br />Erickson explained that he has reviewed the properties in Medina <br />and felt the valuations for those properties were correct. He <br />explained that last year Medina realized some substantial <br />increases. He said the 1981 valuati "on mean nothing for this <br />review. <br />Anderson said his property abuts County Road 6 and the valuation <br />for h i s property i s the same as those sett i ng further back from the <br />road. He noted his-asking price for the property is $339,000. <br />Butler felt that the assessor's valuation was near enough the <br />asking price of the property. <br />Anderson explained that price is considered to be the top dollar <br />amount to be expected from a sale of the property. <br />1 <br />