CCMin_84Sep5_Special - Laserfiche WebLink

Home Browse Search

~Li 1 MINUTES SPECIAL CITY COtTNCIL MEETING~P[TBLIC HEARING sEPTEMSER 5, 1984 PAGE 4 7 (2) technical defects in the hearing notice (did not advise properly of ATTORNEY appeal rights and did not address deferrments for senior citizens and YAN DE NORTH handicapped). These problems potentially invalidated the original assess- ment, therefore the City Attorney recommended reassessment. Engineer Schunicht ezplained the assessment policy ordinance and its ENGINEER application to this reassessment for Albert~Pascal improvements. SCHUNICT his report (paired sales technique). Mr. Parranto then presented his report dated September 5, 1984, s copy of which is on file in the Clerk-Administra- tor's office. Following the presentation Mr. Parranto indicated. his conclusion was that the assessments for the lots in the reassessment area are reasonable- because they did not exceed increases in market values of benefited parcels. Mark Parranto, J. E. Parranto Associates, Inc., the real estate appraiser MARK PARRANTO hired to prepare an assessment value or benefit analysis for Albert~Pascal, REAL ESTATE presented his qualifications and explained the method followed in preparing APPRAISER Carol Masks, 1402 W. Iowa, stated that Ramsey County Assessor's Office informed her that in assessing they have no provision for improvements such as curb and gutter, a,nd Audrey Moore, Hiina Realty, stated they include no provision for curb and gutter. Mrs. Masks also had contacted three other realtors who gave her the same information. She asked Mr. Parranto why his report is in sharp contrast. Mr. Parranto explained that realtor's jobs and his are in two different areas, the realtor attempts to obtain the maximum value for the person selling the house, his job is to determine what the buyer actually did, he must determine what the range is. He also stated that County Assessor's determine values differently. Hold Arneman, 1403 W. California, stated that he was of the opinion that the sample of homes was too small. CAROL MASKE 1402 W. IOWA HAROLD ARNEMAN, 1403 W. CALIFORNIA Archie Bruder, 1375 W. California, asked why Mr. Parranto used some properties outside the City of Falcon Heights (City of Eagan). Mr. Parranto ARCHIE BRUDEP. stated he did not appraise any individual homes to determine market values, 1375 W. but took data to look at what had happened to the market between 1982 and CALIFORNIA 1984, and tha:~. the technique is valid. Bruce Rushton, 1469 w. California, asked what estimated sampling variance Mr. Parranto would ezpect from 200 homes and felt that the report presented was not a statistical analysis. Mr. Parranto replied that the report is an analysis of paired sales, and that he is not a statistician. Mr. Rushton shared his opinion that there is no statistical validity to projecting the added value that carves from curb and gutter based on Mr. Parranto's samples. BRUCE RUSHTON 1469 w. CALIFORNIA Henry Herbert, 1426 W. Idaho, asked if the homes in Eagan had street improve- HENRY ments in front of the homes, or were there collector streets, and Mr. HERBEP.T Parranto replied that the first two homes discussed were based on collector 1426 W. IDAHO streets. Mr. Herbert then asked if Mr. Parranto had any other data for basis of comparison, and commented that one of the homes in Falcon Heights used in the report was in need of many repairs such as updating electric service. Mr. Parranto replied that he did not go in any of the homes, did not deal with needed repairs, only the streets.