05-07-02 Special
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RICHFIELD BOARD OF EQUALIZATION
MEETING MINUTES
Richfield, Minnesota
May 7, 2002
The meeting was called to order by Mayor Kirsch at 6:34 p.m.
Members Present:
Martin Kirsch, Mayor; Susan Rosenberg (arrived at 6:53 p.m.); John
Enger; Lawrence Emond; and Glenn Erickson.
Members
Not Present:
Gertrude Ulrich; and Sue Sandahl.
Staff Present:
Steven Devich, Acting City Manager; Cheryl Krumholz, Recording
Secretary; Larry Miller, Hennepin County Appraisal Supervisor; and Craig
Lone, Hennepin County Appraiser.
Item #1
Acting City Manager Devich stated the 2002 Richfield Board of Equalization is conducted to
determine property values for the period ended January 2, 2002, not to discuss property taxes.
Mr. Devich introduced Larry Mille!, Hennepin County Appraisal Supervisor, and Craig Lone,
Hennepin County Appraiser. He also explained the appointment process for Lawrence Emond
and Glenn Erickson as citizen members of the board. He said the citizen members were equal
voting members with the City Council.
Hennepin County Appraisal Supervisor Miller reviewed Staff Report No. 121 regarding
convening of the 2002 Richfield Board of Equalization. He reviewed property averages for the
sales period, September 30, 2001 through October 1, 2002. He said changes after that timeframe
would be reflected in the next property valuation period.
There being property owners present, the Board of Equalization proceeded.
Board of Equalization Minutes
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May 7, 2002
Item #2
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Anil Tandon, 6232 12th Avenue, appealed the Estimated Market Value (EMV) of his
property based on the water damage to his basement and the repair estimate from a contractor.
He requested the $141,000 EMV for his property be reduced by $25,000.
Hennepin County Appraiser Lone, presented data on the subject property and comparable
properties in support of the assessor's determination of an EMV of $141,000. He said he verified
the wet basement, but considered the basement finish of minimal value.
The board reviewed the contractor's estimate for the basement repair presented by Mr.
Tandon.
Council Member Rosenberg arrived at 6:53 p.m.
Mr. Tandon said the water problem has increased over the years and the foundation is
cracked.
Mr. Lone said the value of the home is in the upper level, not the basement.
M/Enger, S/Emond to reduce the Estimated Market Value of the property located at 6232 I
12th Avenue South, P.I.O. 26-028-24-21-0013 from $141.000 to $135,000.
Motion carried 5-0.
Item #3
Duncan Putnam, manager of rental property at 7615 18th Avenue, appealed the EMV of
this rental property based on the impact of the changing housing market and airport noise. He
also referenced an article in the May 5, 2002 Star Tribune, "Landlords Strain to fill Apartments".
He requested that the EMV for this property be reduced 5% to 10%.
Hennepin County Appraisal Supervisor Miller stated the 2002 EMV is based upon
valuations prior to January 1, 2002. He said current changes would be considered in the 2003
EMV. Mr. Miller presented data on the subject property and comparable property in support of the
assessor's determination of an EMV of $318,000.
M/Emond, S/Erickson to sustain the assessor's determination of $318,000 as the
Estimated Market Value of the property located at 7615 18th Avenue South, P.I.O. 35-028-24-44-
0002.
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Mayor Kirsch stated that if the EMV sustained at the local level, the property owner has the
right to continue the appeal process on the County and State level.
Motion carried 5-0.
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Board of Equalization Minutes
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May 7, 2002
Item #4
Garfield Hoversten, 6812 Cornelia Drive, owner of rental property at 6413 Pleasant
Avenue, appealed the EMV of this rental property based on the rapid increase of the valuation
from last year and the changing rental trends. He commented on the board's consideration of
income on rental property as it relates to the valuation. He requested that the EMV for this
property remain at the 2001 EMV of $396,000.
Hennepin County Appraisal Supervisor Miller said Mr. Hoversten had not notified the
assessor's office about his appeal before the board. He said staff needed time to gather data, so
the local board's sustaining the 2002 EMV tonight will permit Mr. Hoversten to continue his appeal
to the County.
M/Erickson, S/Enger to sustain the assessor's determination of $485,000 as the Estimated
Market Value of the property located at 6413 Pleasant Avenue South, P.I.D. 27-028-24-24-0017.
Motion carried 5-0.
Item #5
John Miller, owner of rental property at 7626 Pleasant Avenue, appealed the EMV of this
rental property based on his concern for a 31 % EMV increase for one year and the changing trend
in rental rates. He requested that the EMV for this property be reduced to $175,000.
Hennepin County Appraisal Supervisor Miller stated Mr. Miller's appearance before the
board tonight was not anticipated because information requested by Mr. Miller was sent to him
earlier and staff believed he was satisfied with the EMV.
M/Emond, S/Enger to sustain the assessor's determination of $223,000 as the Estimated
Market Value of the property located at 7626 Pleasant Avenue South, P.I.D. 34-028-24-33-0024.
Motion carried. 5-0.
There being no other property owners present to make an appeal, it was announced that
the 2002 Board of Equalization had completed its business.
M/Enger, S/Rosenberg to adiourn the 2002 Richfield Board of Equalization MeetinQ.
Motion carried 5-0.
Board of Equalization Minutes
The meeting was adjourned at 7:33 p.m.
Date Approved: May 28.2002
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Cheryl rumhOfZ
Recording Secretary
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May 7, 2002
Steven Devich
Acting City Manager
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