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041890 CC BR Min . . . CITY OF SHOREWOOD BOARD OF REVIEW WEDNESDAY, APRIL 18, 1990 COUNCIL CHAMBERS 5755 COUNTRY CLUB ROAD 7:00 P.M. Special Meeting 7:30 P.M. Board of Review MINUTES CONVENE Mayor Haugen convened a special meeting of the Shorewood City Council at 7:00 P.M., Wednesday, April 18, 1990, to discuss an option agreement and counter offer for ~ne purChase of property for a proposed Public Works site. The property consists of a 5.77 acre parcel located at 24250 Smithtown Road owned by John Cross. The acreage to be pur- chased has been reduced from 6.24 acres to 5.77 acres. Mr. Cross has agreed to provide a protective covenant to the City for the rear 50' of his property for a 50' buffer and to maintain the trees within that buffer zone. Council felt that a reduction in the original offer of $150,000 should be equal to the reduction in property now offered. Brancel moved, seconded by Gagne, to offer $130,000 for 5.77 acres with the protective covenant granted over the rear 50' of Cross's remaining property and to authorize the negotiator to increase any additional counter offer up to $10,000. Motion was approved - 5 ayes. ADJOURNMENT Stover moved, seconded by Watten, to adjourn the special meeting of Wednesday, April 18, 1990 at 7:23 P.M. Motion carried - 5 ayes. BOARD OF REVIEW CALL TO ORDER The Shorewood City Council convened as the Board of Review in the Council Chambers to review the assessed valuations placed on real estate property in Shorewood at 7:30 P.M., Wednesday, April 18, 1990. ROLL CALL Present: Mayor Haugen, Councilmembers Stover, Gagne, Brancel and Watten. Staff: Deputy City Clerk Kennelly, City Assessors Rolf Erickson, Dave Wilde and Rita Guderian and Hennepin County Assessor Kermit Benson. APPLICANTS TO THE BOARD OF REVIEW The following property owners requested a consideration for a re- duction in their assessed valuation of real estate property. -1- . . . BOARD OF REVIEW PAGE 2 APRIL 18, 1990 MINNETONKA COUNTRY CLUB 24575 Smithtown Road 33-117-23-24-0013 33-117-23-31-0002 33-117-23-31-0004 33-117-23-31-0014 Mr. Witrak was present representing Minnetonka Country Club in their request for Council support to go to tax court and request a reduction of valuation from 1,700,000 to 1,113,000. Mr. Witrak referred to a court decision in 1988 that set their valuation at 1,000,050. Assessor Benson stated that the judge listed sales, cost and income as methods of assessing this property. Cost and income was used to establish the 1,700,000 value. Witrak felt that the income value should be prorated rather than using one good years income. Stover moved, seconded by Gagne, to direct Mr. Witrak to the County Board and that the City supports Minnetonka Country Club as a community resource and considers it to be treated as open space. MEETING PROCEDURE Mayor Haugen stated that the Board will take information and the assessor will review the information and return with his determination at the reconvening of the Board of Review for a final decision. JOHN BRIDGE 25810 Birch Bluff Road 29-117-23-44-0007 Mr. Bridge stated that his valuation has increased 55,600 - 31%, in the past two years. He felt all lakeshore can not be treated equally, $1,500 per front formula should not always be used. DICK SPELLMAN 5100 Shady Island Trail 30-117-23-13-0004 Mr. Spellman referred to two properties on Shady Island that sold up to $200,000 less than asking price. He is spending one-half of his social security for taxes. Mayor Haugen suggested that he talk to his legislature about the 1% - 2% - 3% tax structure being used. DAVID MCCUSKEY 5250 Howards Point Road 30-117-23-44-0007 Mr. McCuskey's property has increased 31% in valuation over the past 3 years, he feels that the value is higher than it could be sold for. KIMERLY NORD-NASH 21235 Radisson Inn Road 35-117-23-13-0031 Ms. Nord-Nash purchased this property in October and an appraisal was done, how the valuation is higher than the purchase price. -2- . . . BOARD OF REVIEW - APRIL 18, 1990 PAGE 3 ED KRUMME 22035 Stratford Place 35-117-23-33-0022 Mr. Krumme asked for written guidelines for assessing properties. The assessor is reviewing his property at this time. HORTON BROOKS 21195 Radisson Inn Road 35-117-23-13-0029 Mr. Brooks feels the public access and boat traffic from the access has adversely affected his shoreline, also the proposed State High- way will take 20' additional property and cause the loss of many trees and devalue his property. DAN MOONAN 21115 Radisson Inn Road 35-117-23-11-0077 Mr. Noonan did speak to the assessors today and he was hoping for a change of valuation. JOHN AND SUE MOORE 22340 Bracketts Road 35-117-23-32-0037 Mr. Moore explained that his property is valued at $50,000 higher than it was prior to selling off three quarters of his land. Mr. Erickson stated that the lot was valued equal to the sell price of the area lots. The value went from 173,200 with 5 acres to 223,300 with half an acre in two years. Council directed a review. DAN JAMES 28160 Boulder Bridge Drive 31-117-23-43-0006 Mr. James doesn't agree with any increase in valuation. He compared his valuation with two current sales in his neighborhood 417,000 and 375,000, comparatively his should be 403,000 as last year. He stated that 50% of the dockage for Boulder Bridge homes are in the lagoon and can no longer be accessed. DAVID SANDERS 5205 Howards Point Road 30-117-23-44-0002 Mr. Sander's does not believe that his summer home could be worth 246,900. This home is not winterized and is on a sub standard size lot that could not be used to build a luxury home. AMY KVALSETH 4980 Shady Island Circle 30-117-23-24-0005 Ms. Kvalseth recently purchased her property for 150,000 and feels this should be the current assessed value. -3- . . . BOARD OF REVIEW - APRIL 18, 1990 PAGE 4 MARK HUGO 5395 Shady Hills Circle 25-117-23-44-0042 Mr. Hugo received an outside real estate assessment of 120,000 - 122,000 and referred to two current sales in the neighborhood of 114,000 and 126,000. He did purchase his home for 130,000 but he felt he paid an inflated price as he lived in the house for a year rent free. DARLENE DALLMAN 4815 Ferncroft Drive 26-117-23-0029 Mrs. D~lman asked what would cause an 8,000 increase in one year without any improvements. Erickson will check, he did state mass appraisals can reflect the increase. MARY MCNABB 19420 Elbert Point 36-117-23-44-0048 Ms. McNabb purchased her property in June, 1989 for 151,658 and is now assessed for 170,000, she would like this value reviewed. DOROTHY LANE 5660 Christmas Lake Point 35-117-23-14-0004 Ms. Lane questioned the inconsistency in the valuation increases. She could accept the inflation rate of 4~% but not a 10% inflation. She would like aging of dwelling as a consideration also. CLINT CARLSON 25865 Smithtown Road 32-117-23-14-0041 Mr. Carlson would like a review of his property as he paid 95,000 in December of 1989, which also included personal property and has now received an assessment of 108,200. MATT ALLEN 19460 Elbert Point 36-117-23-41-0046 Mr. Allen referred to eleven homes selling in his neighborhood for 141,000 to 164,000; he purchased for 171,000 and now assessed for 188,000 and he has no lawn installed to date. SANDRA HOTVET 26420 Edgewood Road 29-117-23-34-0012 Mrs. Hotvet requested a review and an explanation to the 47,000 valuation increase in the past two years. ROBERT WALZ 5125 Suburban Drive 25-117-23-32-0048 Assessor Wilde has reviewed and decreased his valuation, clarification will be sent. -4- . . . BOARD OF REVIEW - APRIL 18, 1990 PAGE 5 ROSS HARDWICK 22240 Bracketts Road 35-117-23-32-0039 Mr. Hardwick purchased his property in March, 1990 for 343,000 and received a valuation of 301,700. He questions how this reflects on the actual taxes paid. He compared taxes to a comparable Edina property paying much less. Stover stated that assessed values is what the Board is responding to, not taxes. FRANK FALLON 1050 Holly Lane 35-117-23-44-0007 Mr. Fallon questioned his 99,000 increase from 303,000 to 402,000 on a 100 year old house. The house doesn't have the amenities of newer homes and the lot is not as nice as others around him, without a nature beach area. Erickson will review. LOUIE TILTON 5620 Covington Road 36-117-23-24-0013 Mr. Tilton stated that he has received a 25.7% increase in valuation over the place in two years. He over paid when purchasing his 1920 bult home which was added onto 1933 and 1945. He has none of the amenities that the new homes in his area have that sold for less than his valuation. JIM SLAUGHTER 5570 Old Market Road 36-117-23-12-0054 Mr. Slaughter stated that he felt his property was over assessed last year and now it has increased 15,000 more. The value is now close to his purchase price, his house is a 'custom house"and couldn't be sold for what he paid for it. He stated that the City controls 15% assessor to increase values to 100%. a reasonable rate equal to the other ing cities. of the taxes and lS directing the He wants his value lowered to cities in the State or neighbor- LARRY MACCORMICH 26020 Birch Bluff Road 29-117-23-43-0003 Mr. MacCormich requested a review of his two year valuation increase of 52,000. SIMON OOSTERMAN 19365 Waterford Place 36-117-23-11-0018 Mr. Oosterman signed in but no longer was present. The assessors do have a meeting scheduled with him. -5- . . . BOARD OF REVIEW - APRIL 18, 1990 PAGE 6 ANN CHRISTIAN 19490 Muirfield Circle 36-117-23-12-0044 Ms. Christian is opposed to her 10% increase assessment. She stated that Old Market Road has been a proble ill and referred to a near by sale that was 7,000 less than the original purchase price. STEVE POLSTON 28215 Boulder Circle 31-117-23-34-0020 Mr. Polston was present to follow through with the appeal procedures. He is in the mortgage banking business and obtained comparables of property sales. His property is assessed at 430,000 and is equal to comparable sales from 375,000 to 385,000. He stated that he does not agree with the three tier type of taxation. He will submit his comparable information. ADDITIONS TO THE BOARD OF REVIEW Letters were received from the following listed property owners for review of their assessed valuation: James Bruce 1010 Holly Lane 35-117-23-44-0038 John Streed 22520 Murray Street 34-117-23-44-0038 A.E. Lounsbury 25990 Birch Bluff Road 29-117-23-44-0035 Robert Nevin 21135 Christmas Lane 35-117-23-44-0006 ADJOURNMENT FOR CONTINUANCE Stover moved, seconded by Gagne, to adjourn the first segment of the Board of Review of April 18, 1990 at 10:06 P.M. and continue the Board of Review on Monday, April 30, 1990 at 7:30 P.M. Motion carried 5 ayes. RESPECTFULLY SUBMITTED, or .~ l -6-