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I CITY OF ST. ANTHONY BOARD OF REVIEW MEETING MINUTES 3 APRIL 8, 1997 4 I. CALL TO ORDER/ROLL CALL. 5 The meeting was called to order at 7:32 P.M. by Mayor Ranallo: 6 H. ROLL CALL. 7 Councilmembers Present: Ranallo, Marks, Enrooth, Wagner, and Faust. 8 Also Present: Michael Mornson, City Manager and Carrie Luther, Hennepin County 9 Appraiser. 10 III. DISCUSSION ON PROPERTY VALUATION IN ST. ANTHONY. 11 Mayor Ranallo explained the purpose of this meeting was to discuss property valuation in the 12 City of St. Anthony. Mayor noted that property owners may ask to have their property 13 reevaluated if they so chose but cautioned that although valuations may decrease, there is the 14- possibility that the assessor may determine the valuation should be increased. The property 15 owner would still have an opportunity to appeal to the County Board in June. 16 Carrie Luther, Hennepin County Appraiser explained the areas where physical inspection 17 occurred this year were the south side of 33rd Avenue between Stinson and Silver Lake Road 18 to the north side of St. Anthony Boulevard. She stated the sales growth for residential homes 19 this year was 3.1%. q0 Mayor Ranallo noted the 1997 sales rice and 1997 market valuation of four homes which Y P 21 had recently sold in the City of St. Anthony: 2808 - 34th Avenue N.E., sales price $119,900, 22 market valuation $111,000; 3220 Belden Drive, sales price $145,000, market valuation 23 $144,000; 3017 Wilson Street N.E., sales price $111,500, market valuation $113,500; and 24 3042 Old Highway #8, sales price $132,000, market valuation.$132,000. 25 Mayor Ranallo invited anyone who wished to speak to step to the podium. 26 Jeff Amundsen, 3316 Croft Drive, stated he had purchased his home in July of 1994. The 27 market valuation at that time was $125,000. In 1995 the valuation increased to $140,000. 28 Mr. Amundsen contacted the Board at that time and they reduced the valuation to $138,500. 29 Last year his valuation increased to $141,000,and the 1997 valuation payable in 1998 has 30 increased to $147,000. Mr. Amundsen stated he felt this valuation was too high and asked 31 that his property be reevaluated. 32 Councilmember Faust asked Mr. Amundsen how much he had paid for the house and how 33 much he had it insured for. 34 Mr. Amundsen stated he had purchased the home in 1994 for $135,000 and did not have the 35 insurance information with him this evening. Motion by Marks, second by Enrooth to approve a County reappraisal of the property owned —37 b Jeff Amundsen 3316 Croft Drive as requested. y q