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City Council Minutes 04-13-2005 SpecialMINUTES SPECIAL MEETING - CITY COUNCIL BOARD OF REVIEW April 13, 2005 - 7 p.m. Members Present: Wayne Mayer, Tom Perrault and Brian Stumpf Members Absent: Clint Herbst and Glen Posusta 1. Call to Order. In the absence of the Mayor and Acting Mayor, Brian Stumpf presided over the Board of Review. Brian Stumpf called the meeting to order at 7 p.m. Also present at the meeting were Greg Kramber, Wright County Assessor; Tony Rasmussen, Senior Appraiser and Lori Thingvold, the assessor assigned to Monticello. Lori Thingvold summarized information relating to the 2005 assessment for the City of Monticello. There were 224 sales and the median sales ratio was 89.3%. The Department of Revenue requires sales ratios to be between 90% and 105%. Residential land and buildings in Monticello were increased by approximately 7%. Commercial/industrial property was increased by approximately 12.73% and apartments by 11.31%. The median sale price on residential property as of September, 2004 was $182,200. 2. Board of Review. Wright County Assessor, Greg Kramber, read a letter from Robert Sawyer, 4963 Park Drive (155-130-001120) He stated the presence of a group home adjacent to his property and having a county road abutting his property made it impossible to get the price his property was valued at if he should decide to sell his property. The property valuation in 2004 for 2005 taxes was $199,500 and the proposed valuation in 2005 for 2006 taxes is $205,000. WAYNE MAYER MOVED TO MAKE NO CHANGE TO THE VALUATION ESTABLISHED FOR PARCEL 155-130-001120 FOR 2006 TAXES. TOM PERRAULT SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. A letter from Cathy Brown, 2702 Oakview Lane (155-080-003120) questioned her valuation. She noted the following factors: 1) Property advertised for sale on Oakview Lane; 2) Property sold on Oakview Lane; 3) Lack of a deck or finished basement on her structure; and 4) Value of neighboring properties. Lori Thingvold stated the comparisons were not valid since Ms. Brown was comparing a rambler with a modified two story house. The valuation in 2004 for 2005 taxes was $166,600 and the 2005 valuation for 2006 taxes was $194,000. Greg Kramber stated the property was viewed this past summer and he submitted pictures of the property to the Council. He stated that based on comparable property (other modified two story houses) there was no basis to change her valuation. TOM PERRAULT MOVED TO MAKE NO CHANGE IN THE 2005 VALUATION FOR 2006 TAXES ESTABLISHED FOR PARCEL 155-080-003120. WAYNE MAYER SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. Dinesh Amin owner of the Americ-inn at 118 7t'' Street East (155-010-003040) was present to address the valuation on his property. Wright County Assessor, Greg Kramber indicated that in researching and reviewing the values they had placed on a number of hotels in Monticello they had determined that the valuations were slightly high. The valuation on this parcel in 2004 for 2005 taxes was $614,100 and the valuation in 2005 for 2006 taxes was $753,800. The assessor was recommending that the valuation be adjusted to $642,700. The assessor noted that revenue stream was one of three methods they looked at for valuing commercial property. He indicated his office would be looking at this parcel again next year as far as valuation. WAYNE MAYER MOVED TO REDUCE THE 2005 VALUATION FOR 2006 TAXES FOR PARCEL 155-010-003040 TO $642,700. TOM PERRAULT SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. The other scheduled appointment was for Doug Schneider of Karen's Custom Drapes. The assessor's office had talked to the property owner regarding his valuation. The property owner did not appear at the Board of Review. Greg Kramber then discussed individually the hotels that they had reviewed and were proposing changes in the valuation. Comfort Inn, 89 Chelsea Road (155-079-001030). The valuation in 2004 for 2005 taxes was $11609,800. The 2005 valuation for 2006 taxes is $1,758,000. The assessor was recommending the valuation be set at $1,609,800. WAYNE MAYER MOVED TO SET THE VALUATION FOR 2006 TAXES FOR PARCEL 155-079-001030 AT $1,609,800. TOM PERRAULT SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. Best Western,(Silver Fox) 1114 Cedar Street (155-079-001020). The valuation in 2004 for 2005 taxes was $1,609,700 and the valuation in 2005 for 2006 taxes is $2,060,000. The assessor was recommending the valuation be set at $1,609,700. Wayne Mayer noted that the hotel had changed names and was now the Best Western. He asked if the name change factored into it. Greg Kramber stated that different franchises have different levels of quality and so that is considered when establishing values. Brian Stumpf noted that the 2004 valuation for this parcel and that of the Comfort Inn -Chelsea Road (Best Western) was within $100 of each other but this parcel had a greater increase in 2005 and he wondered why that was so. Greg Kramber indicated that this hotel had a restaurant which was factored in. TOM PERRAULT MOVED TO SET THE 2005 VALUATION FOR 2006 TAXES FOR PARCEL 155-079-0010 AT $1,609,700. BRIAN STUMPF SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. Days Inn, 201 Oakwood Drive East (155-083-001010). The 2004 valuation for 2005 taxes was $719,900. The assessor was recommending that the 2005 valuation for 2006 taxes be set at $745,800. TOM PERRAULT MOVED TO SET THE 2005 VALUATION FOR 2006 TAXES FOR PARCEL 155-083-001010 AT $745,800. WAYNE MAYER SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. The Taylor Land Surveying building was viewed and it was determined that part of the building was storage area and not office space. As a result, the assessor was recommending a reduction in the 2005 valuation for 2006 taxes from $111,000 to $104,500 for parcel 155-010-051080. The 2004 valuation for 2005 taxes was $92,100. The assessor noted there was a capon commercial property at 25%. WAYNE MAYER MOVED TO SET THE 2005 VALUATION FOR 2006 TAXES FOR PARCEL 155-083-001010 AT $104,500. TOM PERRAULT SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. The assessor then brought up two parcels owned by Robert and Sherrie Danner (155-500- 143212 and 155-500-142312). These parcels were created when TH 25 improvements were done. It had been thought these parcels were used as part of the trucking operation but the parcels are actually Cedar Street right of way. The assessor is proposing that a valuation of $100 be placed on each parcel. BRIAN STUMPF MOVED TO SET THE 2005 VALUATION FOR 2006 TAXES FOR PARCELS 155-500-143212 AND 155-500-14313 AT $100 FOR EACH PARCEL. WAYNE MAYER SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. The parcel belonging to John Klinkner, 4889 Stoneridge Lane (155-093-001040) was being recommended for an adjustment because of a correction in the garage calculation. A $2,100 reduction was being recommended reducing the valuation from $169,900 to $167,800. TOM PERRAULT MOVED TO REDUCE THE 2005 VALUATION FOR 2006 TAXES FOR PARCEL 155-093-001040 TO $167,800. WAYNE MAYER SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. 3. Adjourn. TOM PERRAULT MOVED TO ADJOURN THE BOARD OF REVIEW AT 7:55 P.M. WAYNE MAYER SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. Recording Secretary