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City Council Minutes 05-10-2000 Board of ReviewMINUTES SPECIAL MEETING - MONTICELLO CITY COUNCIL BOARD OF REVIEW Wednesday, May 10, 2000 - 7 p.m. Members Present: Roger Belsaas, Roger Carlson, Clint Herbst, Brian Stumpf and Bruce Thielen. Members Absent: None Mayor Belsaas opened the meeting and then turned it over to Greg Kramber and Gerry Kritzeck from the Wright County Assessor's office. Greg Kramber reviewed the assessment process for the year noting that during the period of 10/98-10/99 there were 156 sales with a median sale ratio of 89.1 %. The state requires that the sales ratio falls within 90% to 105%. Mr. Kramber noted that the average increase for residential property was 7%. A letter was submitted by the property owner of Lots 1-13, Block 3, Macarlund Plaza regarding the $4,600 assessment on the garage units. The assessor reviewed the property and recommended the assessed value be adjusted to $3,600 per unit. BRIAN STUMPF MOVED REDUCE THE ASSESSED VALUATION FOR THE GARAGE UNITS FROM $4,600/PER UNIT TO $3,600/PER UNIT. ROGER CARLSON SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. A letter was submitted by the property owner for 155-010-050101. The 12'x 69' parcel was assessed at $3,200. The assessor reviewed the property and recommended that the minimum value be placed on the parcel. BRUCE THIELEN MOVED TO REDUCE THE ASSESSED VALUATION FOR 155-010-050101 AS RECOMMENDED BY THE ASSESSOR. CLINT HERBST SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. Greg Kramber indicated that the assessor's office this year had looked specifically at apartment buildings in an attempt to equalize values throughout the County. A letter and survey had gone out to the apartment owners. A letter was received regarding the valuation on parcel 155-053-001010 which questioned the increased in assessed valuation from $1,293,300 to $1,543,500. The assessor will be meeting with property owner on May 16, 2000 and will report back to the Council. However, the letter was being read so that the requirements of the appeal process could be met. BRUCE THIELEN MOVED TO RECESS THE BOARD OF REVIEW UNTIL 6:45 P.M. ON MAY, 225 2000. CLINT HERBST SECONDED THE MOTION. MOTION CARRIED .-J' UNANIMOUSLY. Board of Review - 5/10/00 The assessor indicated that a letter was also received regarding the assessed valuation for parcel 155- 010-050070. The assessed value for 2000 is $231,000 as compared to the assessed value of $220,800 in 1999 which was approximately a 5% increase. CLINT HERBST MOVED THAT THE ASSESSED VALUATION FOR PARCEL 155-010-050070 REMAIN AT $231,000. BRIAN STUMPF SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. The meeting recessed to be reconvened at 6:45 p.m. on May 22, 2000. QCLkk)-V-\ "- �- Recording Secretary 2