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NORTHERN WHOLESALE SUPPLY <br /> 04/14/98 <br /> Local Board of Review <br /> City of Lino Lakes <br /> 1189 Main Street <br /> Lino Lakes,MN 55014 <br /> _ 'Dear Sirs: <br /> I would like to appeal the property valuation increase that was applied to PIN: R24 31 <br /> 22 43 0011. It is my understanding that the valuation should reflect what the market <br /> value of building and property is. Should this not be equal to what some one would pay to <br /> purchase a property or building under reasonable conditions?You have put that figure at <br /> $3,027,400.00 even though the building was completed in January of last year at a cost of <br /> about$2,400,000.00 for both land and building. I can not understand how you can value <br /> this property 45%higher then the replacement cost. <br /> When the building was originally built I provided your office with the documentation <br /> for the actual building costs and it was agreed to value the building at its present amount. <br /> If I need to provide further information please do not hesitate to contact me. <br /> Sincerely. <br /> Nick Gargaro _-- <br /> 6800 Otter Lake Road • Lino Lakes, MN 55038-9466 <br /> (61 21 429-1 61 6•FAX,(6121 429-9757 <br /> TOTAL P.02 <br />