City Council Minutes 05-03-1982 SpecialMINUTES
SPECIAL MEETING - MONTICELLO CITY COUNCIL
Monday, May 3, 1982 - 7:30 P.M.
Members Present: Arve Grimsmo, Fran Fair, Dan Blonigen, Phil White,
Ken Maus.
Members Absent: None.
The purpose of this special meeting was to conduct the annual Board
of Review for assessed valuations for taxes collectible in 1983.
Mr. Orland Kreitlow with the Wright County Assessor's Office was
present to explain to the Council and the citizens present how the
valuations for the taxes payable in 1983 were determined.
Concerns were expressed by the following individuals in regard to
their market value determinations on their homes and other property.
Mr. Denton Erickson, who owns a home in Lot 3, Block 1 - Creekside
Terrace, noted that the valuation of his home has in-
creased substantially over the past few years and appears to be
reaching a value that may be higher than the actual selling price.
Mr. Troy Chaplin, who owns property in Hoglund Addition, questioned the
valuation of a small triangular piece of property that he acquired
from his neighbor. It was explained to Mr. Chaplin that the value
of this small parcel on the Mississippi River increased due to its
location on the river. Mr. Jerome Schwarz, of the Hillcrest
Addition, also questioned the valuation of his home in that his
property was valued higher than any other property in the Hillcrest
Addition. Mr. Kreitlow explained how his value was determined and
noted that an addition to the home constructed in 1975 increased
the value substantially.
Mr. Dale Lungwitz of the Wright County State Bank questioned the
market value of a building located on Lot 6, Block 34, and felt
that a proposed valuation was extremely high in light of the con-
dition of the building. Mr. Lungwitz explained that the bank is
a mortgage holder on the property and he requested that the County
Assessor reevaluate the present structure by actually viewing the
present condition of the building. Questions were
raised by Council Member Fran Fair concerning how the valuations
of commercial property were determined. Mr. Kreitlow explained
that in a majority of the cases, increases in commercial property
resulted from increases in the land values determined by recent
sales occurring during the past three years.
After reviewing each of the concerns expressed, a motion was made
by Phil White, seconded by Dan Blonigen and unanimously carried
to adopt the valuation on the City of Monticello's property as
presented by the Wright County Assessor's Office except for the
parcel noted by the Wright County State Bank referred to as Lot 6,
Block 34, which shall be reevaluated by Mr. Kreitlow of the
Assessor's Office with the new valuation determined, being also
accepted by the Council.
Meeting Adjourned. - 1 - /_ L
CJ
Rick Wolfstel r