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05-02-1988 Board of ReviewCITY OF RICHFIELD, MINNESOTA 1988 BOARD OF REVIEW MEETING May 2, 1988 MEMBERS PRESENT: Steven Quam, Mayor; Edwina Garcia; Michael Sandahl; Lawrence Emond; and John Janski. STAFF PRESENT: James Prosser, City Manager; Steven Devich, Administrative Services Director; Thomas P. Ferber, City Clerk; Larry Miller, Hennepin County Principal Appraiser; and Steve Ide, Hennepin County Appraiser. The meeting was called to order by Mayor Quam at 7:04 p.m. Items #1 APPEAL OF JEREMIAH SISK, 220 EAST 78TH STREET. P.I.D. 34-028-24-43-0004 Julie Ackerman, representing Mr. Sisk, stated that the location and size of the property at 220 East 78th Street did not warrant the 1988 Estimated Market Value (EMV) of $68,000. Larry Miller, Hennepin County Principal Appraiser, reviewed the subject property and recent commercial land sales. M/Sandahl, S/Garcia to sustain the assessor's determination 'of $68,000 as the Estimated Market Value of the property located ~at 220 East 78th Street. Motion carried 5-0. Item #2 APPEAL OF FRED HABEGGER, 7025 NICOLLET AVENUE. P.I.D 34-028-24-12-0022 Fred Habegger, owner of 7025 Nicollet Avenue South, appealed the EMV for this property on the basis of the condition of the house and the type of heating system. Larry Miller, Hennepin County Principal Appraiser, reviewed comparable properties. Board Member Emond stated that most mortgage companies would not approve a loan for this house because of the heating system, therefore, some adjustment may be justified. Board of Review Minutes -2- May 2, 1988 M/Sandahl, S/Janski to reduce the Estimated Market Value of 7025 Nicollet Avenue {P.I.D. 34-028-24-12-0022 from 50 000 to 48,000. Motion carried 3-2. (Quam, Garcia opposed) Ite® #3 APPEAL OF JUDY SARFF, 6745 ELLIOT AVENUE. P.I.D. 26-028-24-31-0082 Judy Sarff, 6745 Elliot Avenue South, appealed the EMV of this property on the basis of comparable properties she presented and information from the MLS Residential Real Estate Report. Larry Miller, Hennepin County Principal Appraiser, stated that the assessor's office had reviewed this property and reduced - the 1988 EMV to $85,800. He then reviewed comparable properties. Judy Sarff questioned the impact of recent tax legislation on market values. The Board noted that this legislation has not yet been signed by the governor and that it's impact is not yet known. The Board decided to continue consideration of this appeal to allow a further review by Mr. Miller of the comparable property information presented by Mrs. Sarff. M/Garcia, S/Sandahl to continue consideration of the appeal .of Jud Sarff of the Estimated Market Value of the ro ert _ located at 6745 Elliot Avenue South. P.I.D. 26-028-24-31-0082) to May 9, 1988. Motion carried 5-0. Item #4 APPEAL OF ELOISE NELSON, 6626 IRVING AVENUE SOUTH. P.I.D. 28-028-24-31-0026 Eloise Nelson, 6626 Irving Avenue South, appealed the EMV of this property on the basis that it has two bedrooms, no improvements were made to justify the increased EMV, and that the adjacent rental property has a negative impact. Larry Miller, Hennepin County Principal Appraiser, reviewed the comparable properties. Board of Review Minutes -3- May 2, 1988 M/Quam, S/Garcia to sustain the assessor's determination of $91,900 as the Estimated Market Value of the property located at 6626 Irving Avenue South P.I.D. 28-028-24-31-0026. Motion carried 5-0. Item #5 APPEAL OF MILLIAM TIMBERG, 7500 4TH AVENUE. P.I.D. 34-028-24-41-0070 Mr. Timberg did not appear before the Board. M/Sandahl, S/Garcia to sustain the assessor's determination of $92,000 as the Estimated Market Value of the property located at 7500 4th Avenue P.I.D. 34-028-24-41-0070. Motion carried 5-0. Item #6 APPEAL BY S. M. SANFORD, 7000 PORTLAND AVENUE SOUTH P.I.D. 34-028-24-11-0071 Mr. Sanford did not appear before the Board. M/Garcia, S/Sandahl to sustain the assessor's determination of 87,700 as the Estimated Market Value of the property located at 7000 Portland Avenue South. P.I.D. 34-028-24-11-0071. Motion carried 5-0. Item #7 APPEAL OF JOHN PREST, PARK INN HOTEL, 7640 CEDAR AVENUE P.I.D. 35-028-24-44-0004 John Prest, owner of the Park Inn Hotel, 7640 Cedar Avenue South, appealed the EMV of this property on the basis of the income and occupancy figures of the hotel. The Board requested that Mr. Prest provide operating statements and information to Mr. Miller for review. M/Quam, S/Garcia to continue consideration of the appeal of John Prest of the Estimated Market Value of the property located at 7640 Cedar Avenue P I.D. 35-028-24-44-0004 to May 9, 1988. Motion carried 5-0. Board of Review Minutes -4- May 2, 1988 Item #8 APPEAL BY RICHARD MATTILA, 6632 17TH AVENUE SOUTH P.I.O. 26-028-24-41-0010 Richard Mattila, 6632 17th Avenue, appealed the EMV of this property on the basis of his recent purchase of the property for $65,026. MlSandahl, S/Garcia to reduce the Estimated Market Value of the ro ert located at 6632 17th Avenue South P.I.D.26-028-24- 41-0010 from 68 900 to 65 000. Motion carried 5-0. Item #9 APPEAL OF DON AND MARY ERICKSON COMMON PARCEL OF 7413, 7421 .PENN AVENUE SOUTH, 7412, 7420 OLIVER AVENUE AND 2215 MEST 74TH STREET. P.I.D. 33-028-24-32-0024 Don and Mary Erickson, Apple Valley, appealed the EMV of the common parcel of 7413, 7421 Penn Avenue, 7412, 7420 Oliver Avenue and 2215 W. 74th Street which is used as a parking lot for these buildings. Larry Miller, Hennepin County Principal Appraiser, stated he had reviewed this parcel and recommended to the Board that the EMV be reduced to $100 for the purpose of equalization. M/Sandahl, S/Quam to reduce the Estimated Market Value of parcel P.I.D. 33-028-24-32-0024 from 27, 00 to 100. s Motion carried 5-0. Item #10 APPEAL BY RALEIGH NELSON, 140 EAST 78TH STREET. P.I.D. 34-028-24-43-0005 Raleigh Nelson, owner of the Burger King Restaurant, 140 East 78th Street, appealed the EMV of this property on the basis of an increase from $490,000 to $550,000. The Board decided that further information would be needed for consideration of this appeal. Board of Review Minutes -5- May 2, 1988 M/Sandahl, S/Garcia to continue consideration of the appeal of Raleigh Nelson of the Estimated Market Value of the property located at 140 East 78th Street P.I.D. 34-028-24-43-0005 to May 9, 1988. Motion carried 5-0. Item #11 APPEAL BY YUJIN SUURA, 6920 NEMTON AVENUE SOUTH P.I.D. 28-028-24-33-0072 Yu~in Suura, 6920 Newton Avenue, appealed the EMV of this property on the basis that flood damage had diminished the value of the property. Larry Miller, Hennepin County Principal Appraiser, stated that after review of this property the EMV had been adjusted from $65,400 to $63,600. He stated that there has been no trend of homes located in areas that were flooded receiving reduced sales prices. M/Quam, S/Sandahl to sustain the assessor's determination of $63,600 as the Estimated Market Value of the property located at 6920 Newton Avenue South P.I.D. 28-028-24-33-0072. Motion carried 5-0. Item #12 APPEAL BY GARFIELD HOVERSTEN, 7000, 6520, 6528, 7244 CEDAR AVENUE SOUTH. P.I.D. 35-028-24-11-0009, P.I.D. 26-028-24-14-0056, P.I.D. 26-028-24-14-0055, P.I.D. 35-028-24-14-0074 Garfield Hoversten appealed the EMV of these apartment properties on the basis operating expenses, age, and rental income. The Board decided that further information would be needed for consideration of this appeal. M/Sandahl, S/Garcia to continue consid of Garfield Hoversten of the Estimated Mark properties located at 6520, 6528, 7000, and P.I.D. 26-028-24-14-0056, P.I.D. 26-028-24- P.I.D. 35-028-24-11-0009, P.I.D. 35-028-24- 1988. Motion carried 5-0. eration of the a et Value of the 7244 Cedar Aven 4 to Mav 9 Board of Review Minutes -6- May 2, 1988 Item #13 APPEAL BY DON AND MARY ERICKSON, 7116 CEDAR AVENUE SOUTH. P.I.D. 35-028-24-11-0015 Don and Mary Erickson appealed the EMV of this property on the basis that the per unit value of this 7 unit apartment building was higher than their 11 unit buildings. The Board decided that further information would be needed for consideration of this appeal. M/Sandahl, S/Garcia to continue consideration of the appeal of Don and Mary Erickson of the Estimated Market Value of the property located at 7116 Cedar Avenue South P.I.D. 35-028-24-11- 0015 to May 9, 1988. Motion carried 5-0. Item #14 APPEAL BY JIM MARTY, 7428 LYNDALE AVENUE SOUTH P.I.D. 33-028-24-41-0004 Jim Marty, owner of 7428 Lyndale Avenue, appealed the EMV of this property on the basis of apartment operating costs and per unit value. The Board decided that further information would be needed for consideration of this appeal. M/Sandahl,.S/Quam to continue consideration of the appeal of Jim Marty of the Estimated Market Value of the property located at 7428 Lyndale Avenue South P.I.D. 33-028-24-41-0004 to May 9, 1988. Motion carried 5-0. Item #15 APPEAL BY RICHARD HOLT, 7521 PARK AVENUE SOUTH P.I.D. 35-028-24-32-0044 Mr. Holt did not appear before the Board. M/San•dahl, S/Garcia to sustain the assessor's determination of $92,300 as the Estimated Market Value of the property located at 7521 Park Avenue South P.I.D. 35-028-24-32-0044. Motion carried 5-0. -7_ May 2, 1988 Board of Review Minutes ADJOURNMENT M/Quam, S/Sandahl to adiourn the meeting a May 9, 1988 the 1988 Board of Review on Monday. the City Council Chambers to consider the appea Motion carried 5-0. The meeting was ad3ourned at 10:25 p.m• Date Approved : 5123188 / ~~~~v~ Thomas P. Ferber City Clerk 1 to reconvene t 5:30 p.m. in still pending. \/ l/i ~ . w--- Steven J. u Mayor J p. Prosser C Manager