04-30-2012 Council Minutes Board of Appeal & Equalization

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MINUTES OF THE RECONVENED 2012 LOCAL BOARD OF APPEAL AND EQUALIZATION Monday, April 30, 2012 • 6:00 p.m. ROLL CALL The Orono Board of Appeal and Equalization met on the above - mentioned date with the following members present: Mayor Lili Tod McMillan and Council Members Cynthia Bremer, Doug Franchot and David Rahn. Representing Staff were City Administrator Jessica Loftus and Finance Director Ron Olson. Hennepin County Assessor Tom Kunik was present. Mayor McMillan called the meeting to order at 6:00 p.m. APPROVAL OF MINUTES - APRIL 18, 2012 Bremer moved, Rahn seconded, to approve the minutes of the Orono Board of Appeal and Equalization of April 18, 2012, as submitted. VOTE: Ayes 4, Nays 0. COUNCIL ACTION ON ASSESSOR'S RECOMMENDATIONS A. Kunik stated only one of the four properties, 360 North Arm Lane, requested an inspection. His recommendations on the valuations are as follows: 1. Brian J. & Emily L: Hedeen, 360 North Arm .Lane — following an inspection of the property, the valuation was reduced from $636,000 to $592,000 based on the condition of the home, comparables and recalculation using the computer assisted mass appraisal system. 2. T.P. & E.H. (Betsy) LaBelle, 539 Keene Avenue — original estimated market value of $607,000; no change recommended. 3. William & Nancy Bockmann, 1130 Loma Linda Avenue — original estimated market value of $746,000; no change recommended. 4. John & Phoebe Stavig, 780 Brown Road North — original estimated market value of $585,000; no change recommended. Mr. Hudeen, 360 North Arm Lane, thanked the Council for their time. He indicated he is considering some improvements in the next year and is aware the assessment may change. Kunik stated if any of these four property owners still want to appeal, they would call the phone number on the valuation notice to make application for the County Board. Another appraiser from the Hennepin County Assessor's Office would visit the property and the comp grid would be used for the County Board. Rahn asked about the $200,000 reduction in one year on the Loma Linda property. Kunik noted the property value dropped 0.21% from 2010 to 2011 as there were no comparable sales at that time, with the big drop in value this year. Sales this year dropped and the assessor visited the site. The assessors have been looking at site adjustments for properties with water access in the winter because • of complaints. This property had a site adjustment in accordance with equalization of other sites. Page 1