Laserfiche WebLink
BOARD OF REVIEW APRIL 19, 1999 <br /> 35W/Lake Drive intersection. They noted that the value increased from approximately <br /> $402,000 to approximately $4,020,000. They felt the increase was unreasonable since the <br /> land is vacant. <br /> Mr. Munneke explained that his appraisal was based on a purchase agreement he had <br /> received. Although he felt that the purchase agreement was unreasonable, it was a viable <br /> document. Mr. Rehbein explained that the sale of the property did not happen. He also <br /> noted that the purchase agreement included improvements to the property not just raw <br /> land. <br /> Mr. Munneke noted that Mr. Rehbein's attorney did bring additional information on the <br /> property to his office this morning. He will be reviewing his appraisal,however, he noted <br /> that the original valuation of$402,000 was too low. There will be some increase in value. <br /> Mr. Rehbein felt that the City needed to be realistic. He noted that he__cofil w the land <br /> and raise a crop such a rye or oats. Mr. Smith explained that the p, pof wou then be <br /> valued as agriculture. However, he must also take into consid -1101the clkht the <br /> property is zoned for commercial use. Mr. Smith also not th =Sta legislature has <br /> mandated that all property be appraised at or close tomarbit,value .: <br /> a <br /> Mr. Smith explained that if Mr. Rehbein t satisfied with the <br /> revaluation, they can appear before the Cou Board of Review. If they are not satisfied <br /> with that decision,that can take the matter to'court. <br /> Mr. Smith and Mr. Munneke*1,,,ill be in,touch-with Mr. Rehbein and Mr. Winge. They <br /> will provide a reporto the Co eil on 'is matter. <br /> y� ., <br /> Mr. Smith has recel� veraY. lephone calls from Lino Lakes residents questioning the <br /> value of th214de, <br /> ro e"' After discussions with Mr. Smith or Mr. Munneke,these <br /> residents d - thir valuations were correct. Mr. Smith will detail this information <br /> in his report <br /> Council Member Dahl moved to close the hearing at 7:14 p.m. Council Member <br /> Bergeson seconded the motion. Motion carried unanimously. <br /> These minutes were considered, corrected and ap roved at a r lar Council meeting held <br /> on May 10, 1999. <br /> Marilyn G. Anderson, Clerk-Treasurer erl ukpan,Mayor <br /> u <br /> Printed 4/28/99 <br /> PAGE 2 <br />