01/23/1989 Council Minutes (2) - Laserfiche WebLink

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:'1.77 COUNCIL MEETING JANUARY 23, 1989 person associated with RISE has become a homeless person. Mayor Benson thanked Mr. Masterson for coming this evening. Mr. Schumacher explained that Lino Lakes will be receiving its allocation in June but must designate where the money is to be spent in February. Mayor Benson said that he would let Mr. Masterson know what the designation is before June 1st. PRESENTATION BY ANOKA COUNTY ASSESSOR CONCERNING 1988 CITY APPRAISAL Anoka County Assessor, Jeff Nienaber appeared before the Council to give them an update of the work he has done in the City in preparation for the 1988 appraisal. He displayed two maps on the wall behind the Council Members and explained that he will be completing the reappraisal of the entire City by the end of this year. Mr. Nienaber explained that he has found that the values on the structures are very close to what he is calculating. He did find a few parcels of land that were dramatically undervalued and this has been corrected. He also noted that there was a problem with commercial and industrial property. He has corrected this based upon sales in the various area. In total he has raised the appraised value of the entire City by approximately $45,000,000 to $50,000,000. However, he does not feel this will increase taxes for any residential property owners. Mr. Nienaber gave a brief explanation on what could be expected for property taxes on variously valued homes. Mr. Nienaber invited the Council to take time to go with him to view certain properties in Lino Lakes that sold during the past year. This will enable the Council to see what the market is in Lino Lakes. Mr. Reinert said he felt that lake shore property lagged behind in property value for many year in Lino Lakes. Mr. Nienaber explain Reshanau Lake has experienced the largest growth in building and the prices of lots have escalated sharply. He noted that the gross discrepancy in values may have resulted during the turnover in- assessors because the properties may not have been re- evaluated for as long as six years. In addition, Mr.- Nienaber noted that the city assessor did not have the wealth of information that he has at the County to make an accurate appraisal. Mr. Reinert asked Mr. Nienaber if he felt the convergence of two freeways in Lino Lakes is a detriment or asset to the City. Mr. Nienaber said if there is a difference, the freeways are an asset. He also noted that the freeways have benefitted Maple Grove. Mr. Nienaber noted the worst barrier in Lino Lakes is the regional park. Mr. Bisel asked for a definition of tax capacity. Mr. PAGE 2