CC MINUTES 03132001 - Laserfiche WebLink

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City Council Study Session Minutes • March 13, 2001 Page 6 1 Councilmember Thuesen questioned if Highway 88 was County or State owned. Mr. Stenglein 2 indicated this was State owned. 3 Councilmember Thuesen indicated he felt the 29`h Street corridor would be heavily used, but 4 stated concern for the major intersections at each entrance. He asked if a bridge could be lobbied 5 for by the County. Mr. Stenglein noted a pedestrian bridge is certainly something that could be 6 investigated. 7 b. Hennepin County Assessor Tamara Doolittle will be present to discuss the upcoming 8 Board of Review on April 10, 2001. 9 Mayor Cavanaugh introduced Tamara Doolittle from the Hennepin County Assessor's office. 10 Ms. Doolittle reviewed the summary of the year 2001 assessments and some sales data from the 11 City. She noted there was a raise in the assessments to 8.8% for 2000 and up 3.8% in 1999. Ms. 12 Doolittle reviewed several high priced sales within the City for residential and condominium 13 style homes. She indicated the manufactured home park value increased 3.7% over the past year. 14 Ms. Doolittle explained the median home sales price was $150,000, up from $139,000 from the previous year. She noted only valid sales are included within these numbers. Ms. Doolittle 6 indicated she felt the values and sales prices were very strong throughout the year. 17 Mayor Cavanaugh asked how close the assessed prices were to the actual value of the home. Ms. 18 Doolittle indicated she set her value at roughly 95% of the value of the home at the time it is 19 assessed. She noted as the year progresses, this number varies as the value of the home increases 20 over time. 21 Ms. Doolittle stated she mailed value notices to the residents several days ago and indicated the 22 County has received a couple calls to date. She indicated the residents are becoming more 23 knowledgeable about the value of their property and the assessments charged accordingly. 24 Councilmember Thuesen noted he does feel the market is very strong in St. Anthony as he has 25 been looking for another home within the City. 26 Ms. Doolittle reviewed the actions the local Board of Review could take. She asked for 27 comments or questions from the Council. 28 Mayor Cavanaugh thanked Ms. Doolittle for her comments and noted the process she uses has 29 been self-explanatory which keeps the resident's minds at ease. it e. Discuss Custom Liquidators Property, 2654 Kenzie Terrace. Nancy Schultz, from SEH, reviewed the building condition survey of Custom Liquidators at 32 2654 Kenzie Terrace. She indicated the City would need to set the minimal function for this