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CITY OF ST. ANTHONY BOARD OF REVIEW May 30, 1979 The Board of Review was called to order at 7 : 05 p.m. by Mayor Haik. Present for roll call: Haik, Ranallo and Letourneau. Absent: Sundland and Sauer. Also present: Jim Fornell , City Manager Donald Monk, Hennepin County Assessor R. O. Becken, Hennepin County Assessor's Office Mr. Monk reported that, as required by law, his office 'had physically reappraised 25 percent of the properties in St. Anthony (the north- east quadrant), and statistically adjusted the real property assess- ment valuation for the remaining 75 percent. He estimated raises in valuation amounting to 50 percent for residential lots and 17 percent for residential buildings with commercial property appraised indivi- :?ually. The aggregate raise in valuation for the City he estimated to be between 20 and 25 percent. Having met the legal requirements of their role as City Assessor, the County then arranged informal discussions with affected property owners at which 39 were in attendance. Of these, only 11 requested • reappraisals . Mr. Monk detailed the procedures to be followed by the City regarding the Board of Review and told the Council it is their responsibility to make the judgment whether the County or property owner is correct regarding a contested valuation. The only property owner to appear to question the valuation placed on his property was Len Toth, 2900 Roosevelt "Street N.E. He said a conference with County officials indicated there is no record of a physical appraisal being made of his home and he was told his valuation was arrived at through com- parative sales figures . Homes in other City districts than his own, whose valuations were $60 ,000 , $66 ,000 , and $98, 000, were used to set his valuation he said he had learned. He felt the sales price of a home identical to his own which had been sold within the last ten years should have been used instead. Mr. Toth also questioned the fairness of the question posed to him by the County officials , "Would you sell your home for the amount of your valuation?" , since he has no intention of selling. Mr. Monk saw the question as a fair, though perhaps not the most tactful, method of attempting to reach a decision regarding the current market values . Although Mr. Toth conceded, "A private appraiser would probably appraise the property higher" , he requested a physical reappraisal of his property. Motion by Councilman Ranallo and seconded by Councilman Letourneau to continue the Board of Review to the next Council meeting, June 12, when the Council will receive the results of the Toth reappraisal . Motion carried unanimously.