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06-01-1983 Board of ReviewCITY OF RICHFIELD BOARD OF REVIEW June 1, 1983 Mayor John Hamilton called the meeting of the Board of Review to order at 7:00 p.m. Beard members present included Council Members Priebe, Bunce, Rirsch, Hassenstab, Ludeman and Hamilton, and resident members included Mr. Larry Emond and Mr. John Janski. Staff members present included City Manager Karl Nollenberger, Assistant City Manager/Director of Administrative Services Ron Rankin and Assessor Dick Becken. A list of those property owners who had contacted the assessor's office requesting appearance before the local board of review had previously been distributed to the board members. Mr. Edward Calvin, .7038 James Avenue South, 33-21-0038, addressed the board indicating he believed the value established for his residence was too high. Mr. Calvin said he did not recall a visit by the assessor to reappraise the property. Mr. Calvin said he owned a modest home with a few significant improvements. City Manager Nollenberger stated that because of an inability to reach Mr. Calvin, it had not been possible for the assessor to physically review the property and that if such a review could take place, it's likely that the value could be adjusted. Motion by Hassenstab, seconded by Bunce to have the assessor reevaluate this property and report back to the board before the board reconvens on June 13. All ayes - Carried. Mr. Garfield Hoversten addressed the board with regard to the apartment buildings owned by him and located at 7420 Oliver Avenue South, 33-32-0021, 7000 Cedar Avenue South, 33-32-0021, and 6413 Pleasant Avenue South, 27-24-0017. Mr. Hoversten indicated that he had experienced a substantial market value increase for these buildings over the last several years, despite the fact that he believed the values had been depressed due to low net operating income from the properties. He also said that because of the age of the buildings, major maintenance expenses and other costs Board of Review -2- June 1, 1983 detract from their value. Assessor Richard Becken reviewed the information used for the valuation of the property, indicating that the value had increased by 5% from 1982 to 19.83 for the property on Oliver Avenue. The city manager recommended that this appeal be deferred to the board's reconvening on June 13, 1983, so that Mr. Hoversten could provide additional income information to the assessor. Motion by Hassenstab, seconded by Kirsch to have this property reevaluated by the assessor prior to the board reconvening on June 13. All ayes - Carried. At this point the city manager addressed the board, clarifying the role of the local board of review and the appeal process for property valuations. Mayor Hamilton asked if Dale and Kate Schwie were present and they were not. Mayor Hamilton asked if Perry Ohnstad was present and he was not. Mr. Wilmot Holtzman, 7300 Knox Avenue South. 33-24-0039, addressed the council, indicating that he did not believe his property was in good condition and that the value established by the assessor was too high. Mr. Becken stated that there had been an $800 increase in the valuation and the appraiser had visited the property in the fall of 1981. Mr. Becken reviewed a listing of comparable properties for the board members. Mr. Janski asked about the terms of sales and how various financing techniques were taken into account establishing valuations. Mr. Becken responded that the type of sale of this property had not been noted. Ron Rankin commented that general valuation increases had been kept at a lower rate than in the past in order to take into account the additional costs of various types of financing. Council Member Ludeman asked about the status of remodeling Mr. Hoitzman's house. Motion by Hassenstab, seconded by Bunce to have the assessor evalute this property and report back to the board prior to its reconvening on June 13, 1983. All ayes - Carried. Board of Review -3- June 1, 1983 Mr. Donald Sorenson, an attorney representing John Bittner regarding property at 6237 Russell Avenue,. 29-11-OOSS, addressed the board. Mr. Sorenson said the purchase of property had been finalized during the past December and January, and although the 1983 estimated market value had been set at $85,000, the purchase price was $81,000 including approximately $9,000 in personal property. Mr. Sorenson further stated that taking into account the sales ratio studies of the Minnesota Department of Revenue and the financing costs of the transaction, the value of the property should be $60,500. Discussion ensued. Mr. Emond commented on the appeal based on his familiarity with the property and the sale. Motion by Priebe, seconded by Ludeman to sustain the assessor's value of the property owned by John E. Bittner, 6237 Russell Avenue South. All ayes - Carried. . Dr. William Renneke appeared regarding his property at 7533 Sheridan Avenue South, 32-41-0050, and made a detailed presentation concerning comparisons of property value. Dr. Renneke distributed information concerning the valuation of comparable properties that he had identified. Dr. Renneke indicated that he believed the value should be set at $96,000 instead of the 1983 estimated market value of $97,300 set by the assessor. Mr. Dick Becken reviewed information on the subject property and comparables. Discussion ensued, with board members asking questions concerning the value of the office portion of the property. Motion by Ludeman, seconded by Bunce to sustain the assessor's value for this property. Discussion followed and the motion and second were withdrawn. Motion by Bunce, seconded by Priebe to reduce the 1983 estimated market value of this property to $96,000. Poll of votes: Ayes - Bunce, Kirsch, Ludeman, Priebe, Hamilton. Nays - Hassenstab. Carried. Board of Review -4- June 1, 1983 Mr. Richard Ziemer appeared regarding property he owned at 6400 Vincent Avenue South, 29-13-0065, and his residence at 6229 Xerxes Avenue. Mr. Ziemer described the-building which was constructed in the ~1880's and its current condition. He said a 1983 estimated market value of $43,100 had been set but upon review by the assessor, this has been offered to be adjusted to $38,600. Mr. Ziemer believed this amount was still too high and it should be modified due to the age and depreciated state of the building. Information was presented that the property had recently been rented for $325 per month. Mr. Hassenstab stated that he believed the structure should be valued at a lower amount. Motion by Hassenstab, seconded by Kirsch to adjust the market value of 6400 Vincent Avenue to $33,000. All ayes Carried. Mr. Ziemer then addressed the board regarding a double bungalow at 6227-6229 Xerxes Avenue South. Since this matter had just been recently brought to the board's attention it did not have information to address this matter. Mr. Ziemer said he was concerned about discrepancies among the valuation established for buildings along Xerxes which were all basically identical. Motion by Kirsch, seconded by Hassenstab to defer this matter for a report from the assessor prior to reconvening June 13, 1983. All ayes - Carried. Sherry Hoffman appeared to address the board concerning property owned at 7120 Portland Avenue South. Since information was not available concerning this property or comparable properties, it was moved by Ludeman, seconded by Hassenstab for an assessor's report prior to reconvening on June 13, 1983. All ayes - Carried. it Board of Review -5- June 1, 19$3 The meeting of the local board of review was continued to an item of business at the regular city council meeting of June 13, 1983, and it was indicated to the property owners present that items deferred at this evening's meeting would be considered by the board at that time. The and adjourned to the continued meeting of June 13, 1983,at 9:30 p.m Date Approved: June 13, 1983 Ronald Rankin Acting City Clerk Mayor ff ~1 Karl Nollenberger City Manager