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050588 CC SP Min . . . CITY OF SHOREWOOD BOARD OF REVIEW THURSDAY, MAY S", 1988 COUNCIL CHAMBERS 5755 COUNTRY CLUB ROAD 7:30 P.M. M I NUT E S CALL TO ORDER The Shorewood City Council convened at the Shorewood Board of Review at 7:30 p.m. on May 5, 1988, in the Council Chambers to review the assessed valuation plclced on real estate property in Shorewood. ROLL CALL Present: Acting Mayor Brancel, Councilmembers Haugen, Stover and Gagne. (Rascop absent). Staff Administrator Vogt, Clerk Kennelly, City Assessor Rolf Erickson, Dave Wilde and Rita Guderian and Hennepin County Assessor Kermit Benson. REQUEST The following property owners came before the Council for review of their assessed valuation. JUDY MCCUSKEY 30-117-23-44-0007 5250 Howards Point Road Mrs. McCuskey was present to oppose a $42,000.00 increase over the last two years. Assessor Rolf Erickson reviewed the method for calculating lakeshore property. He listed various rates assessed for a running foot of lake shore in the cities around the lake. This house was reviewed by Assessor Wilde and he didn't feel an adjustment was due. Erickson stated that most lake shore was increased 20%. Council took no action on this property. GLENN JANSON 25-117-23-41-0025 19285 State Highway 7 Mr. Janson submitted a packet of information to the Council that included a page from the 1987 tax book showing that valuation at $215,000.00, a purchase agreement for $196,000.00 dated March 29, 1988, and tax statement payable in 1988 with a valuation notice for taxes in 1989 set at $234,700.00. Mr. Janson felt the purchase price on the Commercial property was a true indication of the actual valuation. Stover moved, seconded by Gagne, to reduce the valuation to $196,000.00, $38,700.00 to be removed from the building valuation. Motion carried - 4 ayes. -1- . MINUTES BOARD OF REVIEW PAGE -2- DOROTHY LANE 35-117-23-14-0004 5660 Christmas Lake Point Ms. Lane opposed her $14,600.00 valuation increase to $179,100.00. She feels the poor maintenance, steep slope of her lot and being directly across from the new public access should decrease the value of her property, Assessor Guderian stated that Lane's lot is a moderately sloped lot in comparison to other lots on Christmas Lake. Erickson stated that the access has not reduced any sale price. Haugen moved, seconded by Stover, to decrease the value by $3,000.00 to $176,000.00. Motion failed - 2 ayes to 2 nays (Gagne and Brancel). CHARLES DONLEY 35-117-23-14-0014 5795 Christmas Lake Point Mr. Donley reviewed the past year land valuation increase. He has an appointment set for 5:30 p.m. this evening with Guderian who was late and the inspection was not done. Haugen moved that an inspection be done. Mr. Donley left the meeting with Assessor Guderian and returned after the inspection was done. He indicated that he has two professional appraisals at $265,000.00 and $266,000.00, and opposed his $294,500.00 valuation. The assessor did indicate that the home had many "do it yourself" problems and recommended a reduction to $268,900.00. . Stover moved, seconded by Haugen, to reduce the valuation to $118,900.00 building and $150,000.00 land total $268,900.00 as recommended by the assessor. Motion carried - 4 ayes. CRAIG OMTVEDT 36-117-23-11-0014 19580 Waterford Place Mr. Omtvedt has requested a reduction in his valuation from $297,000.00 to $277,000.00. He feels this reduction would make his valuation more in line with his neighbors valuation. He feels his neighbors property should be $40,000.00 more than his own. Council postponed action until his file can be reviewed by the assessor. After review the Council to took no action on his request. MINNETONKA COUNTRY CLUB 33-117-23-32-0014 Smithtown Road 33-117-23-31-0002 33-117-23-24-0013 Mr. Bodan Witrak was present as a matter of record due to the Court litigation in progress on behalf of the Country Club golf course. The total valuation was set by the County at $1,352,300.00, the City has retained $758,000.00 as their valuation since 1986. Haugen moved, seconded by Gagne, to set their valuation at $835,000.00. Motion carried - 4 ayes. . -2- MINUTES BOARD OF REVIEW PAGE -3- . JOHN MAJESTIC 33-117-23-32-0023 5840 Eureka Road Mr. Majestic was present to request a reduction in his valuation due to the granting of land to the City for a new drainage ditch. The city purchased this land for $4,800.00. Erickson supports a reduction because the reduction of property has not been reflected in his valuation. Stover moved, seconded by Gagne, to reduce his land valuation by $4,800.00. Erickson supports a reduction because the reduction of property has not been reflected in his valuation. Stover moved, seconded by Gagne, to reduce his land valuation by $4,800.00 total change from $120,700.00 to $116,500.00. Motion carried - 4 ayes. FRANK REESE 34-117-23-34-0007 6200 Chaska Road Assessor Erickson informed Mr. Reese that he has made a reduction after the inspection and notice has been sent. Mr. Reese agreed with the Assessor and no Council action was needed. . TIM SEXTON 5355 Elmridge Circle Mr. Sexton spoke in opposition $275,600.00 to $320,700.00 and valuation system is operated. supported their valuation. 29-117-23-34-0011 to his valuation increase from the manner in which the state Erickson reviwed his calculations and Haugen moved, seconded by Stover, to reduce the $15,000.00 from their building valuation to a total of $305,700.00. Motion carried - 4 ayes. MARVIN OLSON 36-117-23-21-0015 5474 Carrie Lane Mr. Olson was opposed to his land value going from $16,500.00 in 1987 to $60,000.00 in 1988. The assessor explained the platting laws regarding newly platted lots within a subdivision. Mr. Olson did not feel that his purchase price should have any reflection on the valuation set. Council took no action to change the new valuation. . TOM RICE 36-117-23-13-0019 19825 Chartwell Hill Mr. Rice explained that he moved from Massachusetts and was told by the builder that his taxes should be around $6,000.00. His taxes are $14,000.00. He questioned what the valuation represents in accordance with the actual purchase price. This new valuation is $422,000.00 and he paid $429,000.00. His valuation is 98.1% of the purchase price. The County is requiring 92% to 93% of the actual market value. -3- . . . MINUTES BOARD OF REVIEW PAGE -4- TOM RICE - CONTINUED Haugen moved, seconded by Gagne, to reduce Mr. Rice's valuation to 94% of purchase to $403,000.00. Motion carried - 4 ayes. JAMES BRUCE 35-117-23-44-0008 1010 Holly Lane Mr. Bruce was present to request a reduction in his valuation of $369,800.00 from $325,000.00 in 1987. He stated that his land value has stayed at $110,000.00 since 1984. The assessors had has valuation set at $154,000.00 as were his surrounding neighbors with comparable lots. Council took no action to change the valuation. JUDY MCCUSKEY Haugen asked for reconsideration to reduce McCuskey's property by $10,000.00. Motion was not seconded, and no Council action was taken. HENRY CARSON 26-117-23-11-0020 4640 Lakeway Terrace Stover presented a request for reduction in valuation for Mr. Henry Carson. His value went from $82,700.00 to $90,700.00 representing a 10% increase. He felt some of his neighbors only got a 3% increase. She also felt his corner lot location was a disadvantage. Assessor felt that the value is justified in comparison to surrounding homes. No Council action was taken. LIST OF PROPERTY OWNERS OPPOSING VALUATION FOR RECORDS Richard and Ingrid Hoyt 36-117-23-24-0008 5710 Ridge Road Allen and Carol Ofstehage 6140 Ridge Road 36-117-23-33-0006 Karen J. Zubert 5320 Elmridge Circle 29-117-23-34-0007 John and Sandy Hotvet 26420 Edgewood Road 29-117-23-35-0012 Dave and Allen Raisbeck 26640 Edgewood Road 29-117-23-34-0015 John and Patricia Thomas 5310 Elmridge Circle 29-117-23-25-0008 Brian Zubert 28040 Woodside Road 31-117-23-24-0006 Elizabeth Braid Linlow 27920 Smithtown Road 31-117-23-34-0003 -4- . . . MINUTES BOARD OF REVIEW PAGE -5- LIST OF PROPERTY OWNERS - CONTINUED Paul Swanson 4670 Lakeway Terrace 26-117-23-11-0023 Melton Brooks, Jr. 23610 Gillette Curve 34-117-23-23-0009 Dr. Stephen Larson 20435 Radisson Inn Road 36-117-23-21-0010 ADJOURNMENT OF THE LOCAL BOARD OF REVIEW Haugen moved, seconded by Gagne, to adjourn the Local Board of Review at 10:37 p.m., Thursday, May 5, 1988. Motion carried - 4 ayes. RESPECTFULLY SUBMITTED, Sandra L. Kennelly City Clerk -5-