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STATE OF MINNESOTA <br />DEPARTMENT OF REVENUE <br />CENTENNIAL OFFICE BUILDING <br />SAINT PAUL, MINNESOTA 55145 <br />October 22, 1976 <br />Mr. Lou McKenna <br />Ramsey County Auditor <br />Ramsey County Courthouse <br />St. Paul, Minnesota 55102 <br />Mr. Joseph G. Chelbeck <br />'Little Canada City Clerk <br />v 515 Little Canada Road <br />St. Paul, Minnesota 55117 <br />In Re: Application #269173 <br />TERM <br />OM 26 1976 <br />CITY OF <br />LITTLE CANADA <br />Mr. William E. Carlson <br />Ramsey County Assessor <br />Ramsey County Courthouse <br />St. Paul, Minnesota 55102 <br />Mr. Howard E. Wailen <br />Clerk - School District #623 <br />1251 West County Road B -2 <br />St. Paul, Minnesota 55113 <br />Theodore Glasrud, President of Ted Glasrud Associates, Inc., the <br />General Partner of Canabury Apartments, has filed with the Commissioner <br />of Revenue an application for reduction in assessed valuation of certain <br />real estate located in the City of Little Canada, Ramsey County, Minn- <br />esota. The tax description of the property is District 53, Plat 92700, <br />Parcel 01002. <br />The application states that a reduction is warranted in consideration <br />of economic circumstances and in comparison to similar apartment <br />building adjoining subject property. The application further states <br />that 1975 was the initial assessment year and should have received <br />valuation allowance for "Rent Up" period. The application requests <br />that the assessed valuation for the assessment year 1975, taxes <br />payable in 1976, be reduced from $1,514,320 to $1,300,520. The <br />abatement has been recommended by the County Board, the County Auditor <br />and the County Assessor of Ramsey County. <br />Minnesota Statutes, Section 270.19, provides that where the reduction <br />in assessed valuation of any property exceeds $50,000, the city, town, <br />school district, and county in which the property is located may request <br />a hearing to object to the reduction. If your political subdivision <br />desires to have a hearing on this application, please send your request <br />to me within 20 days. <br />If I receive no request for a hearing within 20 days from any of the <br />political subdivisions affected by the reduction, the hearing will be <br />deemed to be waived, and the application will be considered by the <br />Commissioner of Revenue on its merits. <br />015 <br />AN EQUAL OPPORTUN;TY EMPLOYER <br />