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2002-05-13 CC Minutes BOR . ALBERTVILLE CITY COUNCIL BOARD OF REVIEW May 13, 2002 Albertville City Hall PRESENT: Mayor John Olson, Berning and John Vetsch, Administrator Rasmusson 6:30 PM Councilmembers Keith Franklin, LeRoy Linda Goeb, and City Assessor Tony Mayor Olson called the Board of Review meeting to order. Rasmusson explained there were 74 homes sales in Albertville during 2001 and the median sales price for a house in Albertville is $154,400. He reported that residential land values in the City were increased $3,000-$5,000. Residential homes valuations were increased 10%; commercial values were increased approximately 14%; and ag land values were increased 10%, to approximately $20,000 per acre. City Assessor Tony Rasmuson told the Council that he had received a call from Mike Bauer (PID #101-04-*008170) questioning his increased evaluation. Tony found that he had assumed the basement was completely finished and discovered that it was not. Tony recommends that the evaluation be reduced by $7,200 to take into account the portion of the basement that is unfinished, leaving a total evaluation on the parcel at . $161,000. Franklin made a motion to approve Tony's recommendation on Parcel #101-045- 008170, reducing its valuation from $168,200 to $161.000. Berning seconded the motion. All voted aye. Rasmusson erred on the valuation of the Terry Hozba home (PID #101-062- 001010). The center of the house is vaulted and should have been valued at one story over basement. Instead the evaluation assumed there were two stories over basement. Rasmusson recommends decreasing the total valuation on PID #101-062-001010 from $379,200 to $358,600. Berning made a motion to approve Tony's recommendation on Parcel #101-062- 001010, reducing its valuation from $379,200 to $358.600. Franklin seconded the motion. All voted aye. !) Franklin made a motion to adjourn at 7:15 ~~Be~g sec All voted aye. ( .../ ' 1 ~ .' Linda Goeb, City Administrator .