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05-06-1991 Board of ReviewCITY OF RICHFIELD, MINNESOTA RECONVENED 1991 RICHFIELD LOCAL BOARD OF REVIEW MAY 6, 1991 MEMBERS PRESENT: Martin Kirsch, Mayor; Ivan Ludeman; Michael Sandahl; Kristal Stokes; William Bullock; Lawrence Emond; and Glenn Erickson. STAFF PRESENT: James Prosser, City Manager; Steven Devich, Administrative Services Director; Thomas P. Ferber, City Clerk; Donald Fondrick, Community Services Director; Jack Erskine, Public Safety Director; and Larry Miller, Hennepin County Principal Appraiser. The meeting was called to order by Mayor Kirsch at 7:00 p.m. Item #1 RECONVENE LOCAL BOARD OF REVIEW. C.L. NO. 112 The Board of Review was reconvened to consider the appeals continued from the April 29, 1991 Board of Review Meeting. Board Member Sandahl read the following statement into the record: °'before we start tonites festivities I would like to clarify an issue from our last board of review. During that review a resident came before us with a concern over his valuation. In his presentation he referred to a real estate appraisal he had done on his property. One of his contentions was that we should accept his appraisers value for his house. He further suggested that we should, as a matter of policy, accept anyones appraisal £or their valuation. The city has its own appraiser and he is called the city assessor. Market valuations are not an exact science and different appraisers will come up with different valuations. As a rule we will and we MUST use the city appraiser. The board of review is set up to handle those instances where there are anomalies in the system. If a resident believes there are special circumstances involved we are here to listen to those unusual circumstances. That is to say that should a resident have an appraisal made on his property he or she can certainly use this appraisal as PART of his or her presentation and the board could use the appraisal as part of their decision, but the authority for real estate valuation for the city of Richfield is and will be the city assessor. To allow everyone to pick his or her own appraiser would lead to chaos." Board discussion followed regarding the resident's suggestion relating to the acceptance of appraisals from acceptable firms. Board Member Emond stated that appraisal is not an exact science. He stated that the Board needs to consider appraisals and comparables presented by residents in making a decision. However, the board should not dust accept an appraisal without reviewing all the factors and information presented by the assessor. Reconvened Board of Review Minutes -2- May 6, 1991 Item #2 APPEAL OF WAYNE CORDER, 1200 WEST 73RD STREET, P.I.D. 33-028-24-13-0011 Larry Miller, Hennepin County Principal Appraiser, stated that a review appraisal of the subject property had been conducted and recommended that the Estimated Market Value be reduced from 591,800 to $85,000. He stated that Mr. Corder accepted the new valuation. M/Bullock, S/Sandahl to reduce the Estimated Market Value of the property located at 1200 West 73rd Street, P.I.D. 33-028-24- 13-0011, from 591,800 to 585,000. Motion carried 7-0. Item #3 APPEAL OF DONALD GLEASON, 6211 LOGAN AVENUE SOUTH, P.I.D. 28-028-24-21-0049 La~°rg~ Miller, ~le~epin County Principal Appraiser, stated that a review appraisal of the subject property had been conducted and recommended that the Estimated Market Value be reduced from 5109,300 to 599,000. He stated that Mr. Gleason accepted the new valuation. M/Sandahl, S/Stokes to reduce the Estimated Market Value of the property located at 6211 Logan Avenue South, P.I.D. 28-028- 24-21-0049, from $109,300 to 599,000. Motion carried 7-0. Item #5 APPEAL OF RAY THOMAS, 6800 PORTLAND AVENUE SOUTH, P.I.D. 27-028-24-44-0001 Larry Miller, Hennepin County Principal Appraiser, stated that a review appraisal of the subject property had been conducted and recommended that the Estimated Market Value be reduced from $67,700 to $61,000. He stated that Mr. Thomas accepted the new valuation. M/Stokes, S/Ludeman to reduce the Estimated Market Value of the property located at 6800 Portland Avenue South. P.I.D. 27- 028-24-44-0001, from 567,700 to 561,000. 1 Motion carried 7-0. Reconvened Board of Review Meeting -3- May 6, 1991 Item #6 APPEAL OF BX PROPERTIES, CHASE COMPANY, 1900-12-16 EAST 66TH STREET, P.I.D. 25-028-24-23-0037, P.I.D. 25-028-24-23-0038 Larry Miller, Hennepin County Principal Appraiser, stated that a review appraisal of the subject properties, including a purchase option, had been conducted and recommended that the total Estimated Market Value of the properties be reduced from $495,000 to $460,000. He stated that the Chase Company accepted the new valuation. M/Ludeman, S/Sandahl to reduce the Estimated Market Value of the property located at 1900-12-16 East 66th Street as follows: P.I.D. 25-028-24-23-0037 $410,000 (no change) P.I.D. 25-028-24-23-0038 from 585,000 to 550,000 Total 5460,000) Motion carried 7-0. [] Item #7 APPEAL WARREN SNYDER, BEN OSTFIELD, 6401 PLEASANT AVENUE SOUTH, P.I.D. 27-028-24-24-0018 Larry Miller, Hennepin County Principal Appraiser, reviewed data on the subject property and on comparable properties. He recommended the Estimated Market Value remain at $270,000. M/Ludeman, S/Bullock to sustain the assessor's determination of 5270 000 as the Estimated Market Value of the property located at 6401 Pleasant Avenue, P.I.D. 27-028-24-24-0018. Motion carried 7-0. ADJOURNMENT The meeting was adjourned by unanimous Date Approved: 5/13/91 8"~4 {ii~I~l~~I ~!~° w Thomas P. Ferber J City Clerk Ci /D. Prosser Manager at 7:18 p.m. Mayor