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216 <br />BOARD OF REVIEW <br />CITY OF LINO LAKES <br />COUNCIL MINUTES <br />APRIL 6, 1992 <br />DATE : April 6, 1992 <br />TIME STARTED 6:27 P.M <br />TIME ENDED : 9 :10 P.!M. <br />MEMBERS PRESENT: Reinert, Neal, Kuether, Elliott: <br />MEMBERS ABSENT : None <br />Staff Members present: City Attorney, Bill Hawkins; City <br />Assessor, Todd Smith; City Administrator, Randy Schumacher and <br />Clerk - Treasurer Marilyn Anderson. <br />Mr. Smith explained that the purpose of this meeting is for <br />residents to address the City Council regarding the 1992 <br />assessment for property taxes payable for 1993 on each of their <br />individual properties. He noted that overall, property values in <br />the City of Lino Lakes has increased this past year. <br />Brad Elshaug, 148 Connie Lane explained that his valuation had <br />escalated from $66,700 to $104,000. Mr. Elshaug will call Mr. <br />Smith in the morning and make an appointment to meet with him on <br />this matter. <br />Dawn and John Kenny, 6299 Red Maple Lane asked how the <br />availability of sanitary sewer and municipal water affect the <br />value of the property. Mr. Smith explained that currently he <br />adds $2,000 to the value of a lot for septic and well. He noted <br />that an additional value would be added for public improvements. <br />He noted that he did not feel that public improvements would be <br />available in the Red Maple area for some time since the lots are <br />quite large. <br />Mrs. Kenny said that it was opinion that taxes were escalating <br />very fast because property values were going up very fast. She <br />noted that she that she purchased her property in 1989 for <br />$129,000. In July, 1990, the Assessor valued the property at <br />$143,000. She explained that she called the Assessor and he came <br />and re- evaluated the property and felt it was too high as well. <br />The value was lowered but was set at $137,600 for 1992. Mrs. <br />Kenny said she felt that the value was very inflated and this <br />value was lowered to $121,000. <br />PAGE 1 <br />1 <br />1 <br />1 <br />