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12 <br /> Board of Review Meeting Minutes <br /> April 10, 2001 <br /> Page 4 <br /> 1 Councilmember Horst asked if they take other things into account. Ms. Doolittle stated they look <br /> 2 at the overall valuation.to find:a number.representative and account for tennis court lights.by.land <br /> 3 value of the property.-They then take additional depreciation for other economical influences. <br /> 4 Councilmember Horst stated he understands this situation and was shocked at the valuation of <br /> 5 his own property. He stated he believes home values are high in St. Anthony but homes are <br /> 6 selling for more. <br /> 7 Councilmember Thuesen stated he went through a home sale/purchase recently and was <br /> 8 pleasantly surprised about what he sold his home for but to stay in St. Anthony, you have to <br /> 9 expect to pay more for a home. He stated that he finds an increase of 20% since his purchase to <br /> 10 be reasonable. <br /> 11 Motion by Horst to take no action on 3008 33rd Avenue NE. <br /> 12 Motion carried unanimously. <br /> 13 Mayor Cavanaugh noted it was mentioned that a property owner is allowing his home to <br /> 14 deteriorate to keep the value down.- However, the City is looking at an enforcement policy to <br /> • 15 assure the housing stock is maintained. He asked if the County lets someone depreciate a . <br /> 16 $200,000 house. <br /> 17 Ms. Doolittle stated they look at what the house would sell for, not the owner's intention. She <br /> 18 stated it would be unusual for a property owner to allow their property to depreciate in an attempt <br /> 19 to keep property taxes down. However, she understands the frustration expressed by some <br /> 20 property owners. <br /> 21 Ms. Doolittle advised that the Board of Review meeting can be reconvened or the Council can <br /> 22 rely on the County's determination. <br /> 23 .Council consensus was reached to rely on the County's determination. <br /> 24 IV. ADJOURNMENT. <br /> 25 Motion by Thuesen to adjourn the meeting at 7:41 p.m. <br /> 26 Motion carried unanimously. <br /> 27 Respectfully submitted, <br /> 28 Carla Wirth <br /> 29 Timesaver O,fJ`'Site Secretarial, Inc. <br /> • 30 <br /> 31 Mayor <br /> 32 ATTEST: , City Clerk <br />