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Board of Review <br /> April 9, .1991 <br /> page 4 <br /> • <br /> 1 Richard McKenney - 3304 Croft Drive <br /> 2 The value of this property has increased $5,100 for each of the last <br /> three years. Mr. McKenney requested a reviewal . <br /> 4 <br /> 5 Motion by Marks, second by Fleming to direct the appraiser to review <br /> on-site the property located at 3304 Croft Drive. <br /> 7 <br /> P Motion carried unanimously <br /> 9 <br /> 10 <br /> 11 Irene Buzinski - 4012 Penrod Lane <br /> 12 This property is located in Ramsey County. The property owner was advised <br /> 13 that Ramsey County does not hold Board of Review hearings. -She can contact <br /> i4 City staff regarding what actions she can take to discuss her value. <br /> 15 <br /> 16 Frank Lang - Autumn Woods Apartments <br /> 17 Mr. Lang is representing LaNel Developers who built Autumn Woods Apartments. <br /> 18 He had met with Mayor Ranallo and was advised that he could request a <br /> 19 reviewal of the development . <br /> 20 <br /> 21 Motion by Enrooth, second by Marks to direct the appraiser to review <br /> 22 on-site the Autumn Woods Apartments. <br /> 23 <br /> 24. Motion carried unanimously • <br /> 25 <br /> 26 <br /> 27 Bruce Holten - 2919 Rankin Road <br /> 28 This home was recently built. Hennepin County appraised it at $133,600. <br /> 29 Mr. Holten stated that a FHA certified government appraiser had valued <br /> 30 it at $110,000. Mr. Holten also had gotten six comparables which were <br /> 31 less than the value placed on his home by Hennepin County. He requested <br /> 32 a reviewal . <br /> 34 Motion by Marks, second by Enrooth to direct. the appraiser to review <br /> 35 on-site the property located at 2919 Rankin Road. <br /> 36 <br /> 37 Motion carried unanimously <br /> 38 <br /> 39 <br /> 40 Gerald Rekuski .- Apartment #314, Kenzington Terrace <br /> 41 Mr. Rekuski is speaking on behalf of an estate which includes apartment <br /> 42 #314 in the Kenzington Terrace development . He reviewed the value and <br /> 43 taxes placed on this unit since it was purchased. He felt this property <br /> 44 can not be sold for market value. The appraiser agreed that there is <br /> br, a "soft" market for condos. <br /> 46 <br /> 47 The City Manager advised this development is located' in a Tax Increment <br /> 48 District. When this District was established a minimum assessment agre- <br /> 49 ement was put into place which stated that the property would be valued <br /> 50 so the bonds of the District could be paid off. This is a twenty year • <br /> agreement. <br />