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Anoka County City of Lino Lakes
<br />473.121, subdivision 2; (7) a leased or privately owned noncommercial aircraft storage
<br />hangar not exempt under section 272.01, subdivision 2, and the land on which it is located,
<br />provided that: (i) the land is on an airport owned or operated by a city, town, county,
<br />Metropolitan Airports Commission, or group thereof; and (ii) the land lease, or any ordinance
<br />or signed agreement restricting the use of the leased premise, prohibits commercial activity
<br />performed at the hangar. If a hangar classified under this clause is sold after June 30, 2000,
<br />a bill of sale must be filed by the new owner with the assessor of the county where the
<br />property is located within 60 days of the sale; (8) a privately owned noncommercial aircraft
<br />storage hangar not exempt under section 272.01, subdivision 2, and the land on which it is
<br />located, provided that: (i) the land abuts a public airport; and (ii) the owner of the aircraft
<br />storage hangar provides the assessor with a signed agreement restricting the use of the
<br />premises, prohibiting commercial use or activity performed at the hangar; and (9) residential
<br />real estate, a portion of which is used by the owner for homestead purposes, and that is
<br />also a place of lodging, if all of the following criteria are met: (i) rooms are provided for rent
<br />to transient guests that generally stay for periods of 14 or fewer days; (ii) meals are provided
<br />to persons who rent rooms, the cost of which is incorporated in the basic room rate; (iii)
<br />meals are not provided to the general public except for special events on fewer than seven
<br />days in the calendar year preceding the year of the assessment; and (iv) the owner is the
<br />operator of the property. The market value subject to the 4c classification under this clause
<br />is limited to five rental units. Any rental units on the property in excess of five, must be
<br />valued and assessed as class 3a. The portion of the property used for purposes of a
<br />homestead by the owner must be classified as class 1a property under subdivision 22; (10)
<br />real property up to a maximum of three acres and operated as a restaurant as defined under
<br />section 157.15, subdivision 12, provided it: (A) is located on a lake as defined under section
<br />103G.005, subdivision 15, paragraph (a), clause (3); and (B) is either devoted to commercial
<br />purposes for not more than 250 consecutive days, or receives at least 60 percent of its
<br />annual gross receipts from business conducted during four consecutive months. Gross
<br />receipts from the sale of alcoholic beverages must be included in determining the property's
<br />qualification under subitem (B). The property's primary business must be as a restaurant
<br />and not as a bar. Gross receipts from gift shop sales located on the premises must be
<br />excluded. Owners of real property desiring 4c classification under this clause must submit
<br />an annual declaration to the assessor by February 1 of the current assessment year, based
<br />on the property's relevant information for the preceding assessment year; and (11)
<br />lakeshore and riparian property and adjacent land, not to exceed six acres, used as a
<br />marina, as defined in section 86A.20, subdivision 5, which is made accessible to the public
<br />and devoted to recreational use for marina services. The marina owner must annually
<br />provide evidence to the assessor that it provides services, including lake or river access to
<br />the public. No more than 800 feet of lakeshore may be included in this classification.
<br />Buildings used in conjunction with a marina for marina services, including but not limited to
<br />buildings used to provide food and beverage services, fuel, boat repairs, or the sale of bait
<br />or fishing tackle, are classified as class 3a property. Class 4c property has a class rate of
<br />1.5 percent of market value, except that (i) each parcel of seasonal residential recreational
<br />property not used for commercial purposes has the same class rates as class 4bb property,
<br />(ii) manufactured home parks assessed under clause (5) have the same class rate as class
<br />4b property, (iii) commercial-use seasonal residential recreational property and marina
<br />recreational land as described in clause (11), has a class rate of one percent for the first
<br />$500,000 of market value, and 1.25 percent for the remaining market value, (iv) the market
<br />value of property described in clause (4) has a class rate of one percent, (v) the market
<br />value of property described in clauses (2), (6), and (10) has a class rate of 1.25 percent,
<br />and (vi) that portion of the market value of property in clause (9) qualifying for class 4c
<br />property has a class rate of 1.25 percent. (e) Class 4d property is qualifying low-income
<br />rental housing certified to the assessor by the Housing Finance Agency under section
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