040802 Board of Review Min
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CITY OF SHOREWOOD
BOARD OF REVIEW WORK SESSION MEETING
MONDAY, APRIL 8, 2002
5755 COUNTRY CLUB ROAD
COUNCIL CHAMBERS
5:30 P.M.
MINUTES
1. CONVENE BOARD OF REVIEW WORK SESSION MEETING
Chair Love called the Work Session meeting to order at 5:36 P.M.
A.
Roll Call
Present:
Chair Love; Board Members Turgeon, Garfunkel, Lizee (arrived at 5:40 P.M.), Zerby
(arrived at 5:50 P.M.); Administrator Dawson
Absent:
None
B.
Review Agenda
Board Member Lizee arrived at 5 :40 P.M.
2. PRESENTATION OF REPORT TO BOARD OF REVIEW BY HENNEPIN COUNTY
ASSESSOR'S OFFICE REPRESENTATIVES BILL DAVY AND TOM KUNIK
Senior Assessor Davy reported that market values throughout the Twin Cities are up. He passed around
booklets containing the pertinent sales study statistics in regards to Shorewood for the 2002 assessment
period running October 1,2000, until September 30,2001. He stated that during that period there was a
total of 88 residential sales, 11 of which were on the lake. Davy explained that the County takes all of
those actual sales and compares them to the sale prices on January 2, 2001, which gives them an idea of
just how much the market had changed by looking at the sale price versus the assessment.
Davy reported that offlake properties were adjusted approximately 15.1 % and on lake properties 11.3%
in order to meet Hennepin County sales ratio standard of 95-96%. In comparison to other cities, an
adjustment of 11 % is low, which can be attributed to previous years of adjusting lake shore properties
more accurately. He added that six of the City's 49 double bungalows sold this year, which is a good
sample of over 12%, and showed an increase of20% in assessed value.
In regard to phone calls received by Hennepin County, of the 85 calls, over half have been purely of an
informational nature. Since notices were released, 27 interior inspections have been performed by Davy
and Kunik, 15 of which were adjusted downward. The remaining 12 have been notified that there will be
no change upon review. Others may simply require a call back to the owners to explain the changes.
While Davy pointed out that Hennepin County has just about wrapped up all of its reviews, Kunik added
that a few late calls tend to trickle in that they will be continuing to follow-up with.
Chair Love asked if they and the County have found they are able to resolve the questions that arise with
the home visits and discussion. Davy stated that much of the concern centers on the need to explain to
people where they compare City-wide and point out to them that they have not been singled out among
their neighbors.
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BOARD OF REVIEW WORK SESSION MEETING MINUTES
April 8, 2002
Page 2 of2
In the past, Chair Love stated that a few property owners have come before the initial meeting of the
Board of Review, asking for an appeal process in which the Hennepin County staff have come back with
information regarding comparable properties and been able to discuss the assessment point-for-point.
While the sales booklets are useful tools, Chair Love questioned how the staff would handle the situation
if property owners came to the meeting and what sort of data would Hennepin County provide when
reporting back on these properties. Davy stated that they would want to perform interior inspections on
the properties, defme sales and provide a comparable grid to the homeowners. While the Board has been
very supportive of past assessments by Hennepin County, Chair Love believed in the need to show the
process to the public. Davy stated that although they use a mass appraisal system, individual concerns
could be addressed more thoroughly. Often times by merely helping people focus on the percent increase
year-to-year makes a difference.
Board Member Zerby arrived at 5:50 P.M.
Chiar Love inquired whether it would be possible to meet again if there are any unresolved reviews to
examine. Davy stated that currently there are four to eight reviews that could be followed up.
11. ADJOURN
Lizee moved, Garfunkel seconded, adjourning the Board of Review Work Session of April 8, 2002,
at 5:53 P.M. Motion passed 5/0.
RESPECTFULLY SUBMITTED,
KRIST! ANDERSON
Recording Secretary