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 could `pl w the land <br />and raise a crop such a rye or oats. Mr. Smith explained that the g?pety wou then be <br />valued as agriculture. However, he must also take into consideration the fac t the <br />property is zoned for commercial use. Mr. Smith also noted thttle'Sta e Legislature has <br />mandated that all property be appraised at or close to market va' <br />Mr. Smith explained that if Mr. Rehbein and Mr. Winge are not satisfied with the <br />revaluation, they can appear before the County Board of Review. If they are not satisfied <br />with that decision, that can take the fte:to' ct urt. <br />Mr. Smith and Mr. Munnouch with Mr. Rehbein and Mr. Winge. They <br />will provide a report 1pthe €c`l onhis matter. <br />Mr. Smith has rece <br />value of th <br />residents d <br />in his report <br />veralelephone calls from Lino Lakes residents questioning the <br />After discussions with Mr. Smith or Mr. Munneke, these <br />it valuations were correct. Mr. Smith will detail this information <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 approved at a r' . lar Council meeting held <br />on May 10, 1999. <br />A, )4 (2,,,,,A„, <br />Mar lyn G. Anderson, Clerk -Treasurer <br />Printed 4/28/99 <br />PAGE 2 <br />, Mayor <br />• <br />