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• <br />• <br />• <br />CITY COUNCIL WORK SESSION <br />VAPPROV F;I) <br />DATE <br />TIME STARTED <br />TIME ENDED <br />MEMBERS PRESENT <br />MEMBERS ABSENT: <br />CITY OF LINO LAKES <br />MINUTES <br />APRIL 3, 2006 <br />: April 3, 2006 <br />. 5:39 p.m. <br />. 10:23 p.m. <br />: Councilmember Carlson, O'Donnell, <br />Reinert, Stoltz and Mayor Bergeson <br />: None <br />Staff members present: City Administrator, Gordon Heitke; Community Development <br />Director, Michael Grochala; Director of Administration, Dan Tesch (part); Public <br />Services Director, Rick DeGardner; Chief of Police, Dave Pecchia (part); Economic <br />Development Coordinator, Mary Alice Divine (part); Finance Director, Al Rolek; City <br />Engineer, Jim Studenski (part); and City Clerk, Julianne Bartell <br />ANOKA COUNTY ASSESSOR — EXPLANATION OF MARKET VALUE <br />TRENDS <br />Ms. Linda Weiner, Assessor for Lino Lakes, distributed information regarding the <br />breakdown of properties and growth within the City. She advised the City is the closest it <br />has ever been to market value. The State of Minnesota does require homes be at 95% to <br />105% of market value. <br />Ms. Weiner also handed out a list of properties that were sold last year noting there were <br />almost 500 sales. She included a list of homes that were on the market within the City as <br />of this morning. <br />Ms. Weiner stated the biggest change in Lino Lakes is typically land values. There was <br />an average of 8-10% increase in structures. She provided an example of how evaluations <br />are done. She also stated she believes the school district levy that passed resulted in the <br />large increase in Lino Lakes. She noted commercial land values in Lino Lakes were also <br />adjusted. <br />Ms. Weiner advised the cause of the large increase in market valuations occurred due to <br />the combination of correcting values, the school district levy and market trends. <br />GATEWAY SIGN CONCEPTS <br />Economic Development Coordinator Divine presented gateway sign options as well as <br />pricing for each of the three options. She noted no dollars have been budgeted for the <br />gateway sign this year. She asked the Council to keep in mind the approximate cost of <br />$35,000 for a gateway sign during the next budget process. <br />1 <br />