041105 CC WS1 Min
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CITY OF SHOREWOOD
BOARD OF REVIEW WORK SESSION
MONDAY, APRIL 11, 2005
5755 COUNTRY CLUB ROAD
COUNCIL CHAMBERS
6:15 P.M.
MINUTES
1. CONVENE BOARD OF REVIEW WORK SESSION
Chair Love called the meeting to order at 6: 16 P.M.
A.
Roll Call
Present:
Chair Love; Boardmembers Wellens, Lizee, Turgeon, and Callies, and Administrator
Dawson
Absent:
None
B.
Review Agenda
Without objection from the Board, Chair Love proceeded with the only item on the Agenda for the evening.
2. PRESENTATION OF PRE-BOARD OF REVIEW REPORT BY HENNEPIN COUNTY
REPRESENTATIVE
Tom Kunik, Assessor from Hennepin County, presented a summary of the duties and responsibilities of the
Board of Review, and of data relating to assessment growth issues for the City. Mr. Kunik stated that
there were 101 property sales last year. There were 23 lakeshore sales and 83 off-lake sales. Hennepin
County requires that market values be at 95% of the sale price. The overall values increased 8% on
average for the City. Mr. Kunik noted that the revaluation area included the northeast portion of the City
and all townhouses, duplexes and twin homes.
Mr. Kunik noted a majority of calls were from residents concerned about the increase in limited market
values and explaining that the limited market values will be phased out and in a few years would no longer
be relevant for taxation purposes. Mr. Kunik noted that to determine and track land valuation, they have
separated the City into neighborhoods. When sales happen, land values are adjusted as similar structures
have similar values. Buildings are separated by quality and style, which allows the County to trend the
sales for a certain quality and style and the increase percentage will affect structures that are similar. Mr.
Kunik reiterated that land values tend to follow the local City trend and sales, and the building value
follows the County trend and sales.
Mr. Kunik also noted after addressing the resident calls and explaining the process, and in some cases
making adjustments for property characteristic changes, most cases are considered resolved.
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City of Shorewood Board of Review Work Session
April 11, 2005
Page 2 of2
3.
ADJOURN
Wellens moved, Callies seconded, Adjourning the April 11, 2005, Board of Review Work Session at
6:55 P.M. Motion passed 5/0.
RESPECTFULLY SUBMITTED,
Shelley Souers, Recording Secretary