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• <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />• 23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />• 44 <br />45 <br />BOARD OF REVIEW MINUTES <br />DATE <br />TIME STARTED <br />TIME ENDED <br />MEMBERS PRESENT <br />MEMBERS ABSENT <br />APRIL 14, 2008 <br />APPROVED <br />CITY OF LINO LAKES <br />MINUTES <br />BOARD OF REVIEW <br />: April 14, 2008 <br />. 6:07 p.m. <br />. 6:33 p.m. <br />: Councilmember O'Donnell, Reinert, <br />Stoltz, Gallup and Mayor Bergeson <br />: None <br />Staff members present: City Administrator, Gordon Heitke; and City Clerk, Julie Bartell <br />Mayor Bergeson explained that the Local Board of Appeal and Equalization of the City of Lino Lakes <br />meets for the purpose of reviewing and correcting the assessment of the city for the year 2008, <br />payable in 2009. All persons considering themselves aggrieved by said assessment or who wish to <br />complain that the property of another is assessed too low were given the opportunity to address the <br />Board. The Mayor reminded those present that only appeals for the current year valuation or <br />classification could be made. Discussion of the Board is limited to valuations only, not taxes. <br />Linda Weiner, Anoka County Assessor's Office, presented the Board with the Anoka County, 2008 <br />Board of Appeal and Equalization, County Assessor's Report document and presented a brief <br />overview of the property tax process and a recap of current assessments. <br />A correspondence from Patty Fogerty, Sentry Real Estate, Inc., regarding properties 17-31-22-22- <br />0042 and 17-31-22-22-0043, was announced thereby reserving the right to appeal to Anoka County. <br />Assessor Weiner noted that Dale Ramsden (property identification numbers 17-31-22-21-0006, 17- <br />31-22-21-0007, 17-31-22-21-0009, 17-31-22-22-0023 and 17-31-22-22-0036) had communicated <br />with her and has scheduled an appeal to the county board. <br />The following individuals addressed the Board: <br />Theresa Koslowski, Property ID #25 31 22 43 0043, explained that she bought a house in October of <br />2007 and now that house is being assessed at $404,800 more than she paid ($379,000). She did <br />research on sales in the area and found that similar homes sold for $300,000 to $370,000. <br />Ms. Weiner responded that she visited the home and has reduced the assessment for taxes payable <br />(2009) to $401,600. She explained that sales figures aren't immediately taken into account but the <br />sale price should affect the payable 2010 taxes. <br />Richard McNamara, 17-31-22-21-0019 and 17-31-22-21-0017, owner of industrial properties on <br />Apollo Drive. He built the Lino Lakes Business Center (4 buildings) for $30 per square foot, <br />$2,511,000 total funds in 2003. The county tax valuation is now $4,586,500, about $54 per square <br />foot. These are primarily warehouse properties and one-third of his income is going to the taxes. The <br />1 <br />