2005-05-03 CC Minutes Special
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ALBERTVILLE CITY COUNCIL
May 3, 2005
Albertville City Hall
6:30 PM
PRESENT: Mayor Don Peterson, Council members Tom Fay, Ron Klecker, LeRoy Berning and
John Vetch and City Administrator Larry Kruse.
Absent: None
Present from the Wright County Assessor's Office: County Assessor Gregory Kramber, Senior
Assessor Tony Rasmuson and City Assessor Wally Peterson.
Mayor Peterson called the Board of Review meeting ofthe City Council of the City of
Albertville to order at 6:30 p.m.
There were 144 sales that were used in Minnesota Department of Revenue Sales Ratio Study
conducted form October 1, 2003 to September 30, 2004.
The state study indicated that the median sales price for a home in Albertville was $206797
compared to $ 186,950 a year ago. This was about as eight percent increase.
If you divided the Estimated Market Value by the Actual Sales Price, the Median Sales Ratio for
the City of Albertville was 91.7 percent with a coefficient of dispersion of 6.03.
State law requires that this ratio must be between 90 and 105%.
After reappraising a portion of the property in the City of Albertville and making adjustments to
the remaining property, the total value increase for residential property is approximately 6.2%
(Area reappraised Plats 11, 12, 13, 14, 15,25,26,27 & 45.)
The increase brought the cities sales ratio to approximately 98.87 percent.
The current sales study being conducted from October 1,2004 to Present indicated 47 sales and
the ratio is at 92.39%.
The average residential property received an increase of 1,000 to 12,000 on the land and
approximately three and one half percent on the buildings.
Commercial property values increased approximately 9.76% on average.
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Albertville City Council
Board of Review Minutes
May 3, 2005
Page 2 of3
Agricultural property within the city limits increased approximately 36.52 percent. Ag property
is currently valued from $35,000 per acre to $144,000 per acre. Green acre values increased five
percent.
There were 612 permits issued for the city of Albertville. 123 of which were for single or multi
- family dwellings. There were also 11 new commercial industrial buildings in 2004.
Residential new construction amounted to $27,253,800, and Commercial came in at
$6,347,900.
We are here tonight to discuss the 2005 assessment for taxes due and payable in 2006. The
board does not have the authority to open prior years assessments for taxes due and payable for
2005.
Dale and Rebecca Langsdorf, 6041 Kalland Circle NE, PID No. 101-029-004070 presented their
opinion based on refinancing appraisals that the value on their home was too high. After
reviewing comparab1es, the following motion was made.
MOTION BY Mayor Peterson, seconded by Council member Berning to request Wright County
Assessor's Office review the property and appraisal information of the Langsdorfs and make a
recommendation to the County Equalization Board for further review and decision. Motion
carried unanimously.
ASSESSOR'S RECOMMENDED ACTIONS:
Andrew Savitski, Pill No. 101-033-001010, 11092 61st Street NE. City Assessor recommends
lowering the value from $784,200 to $737,700 representing a decrease of $47,500.
Donald J and Anne T Savitski, Pill No. 101-033-002030,6040 61st Street NE. City Assessor
recommends lowering the value from $462,000 to $424,100 representing a decrease of$37,900.
Omann Brothers Properties, Pill No. 101-500-351401,6551 LaBeaux Avenue NE. The City
Assessor recommends lowering the value from $1,381,800 to $1,300,100, representing a
decrease of$81,700 for Right of Way adjustment.
Randal and Sandra Stangler, Pill No. 101-500-351402,6737 LaBeaux Avenue NE. The City
Assessor recommends lowering the value from $502,800 to $468,700, representing a decrease of
$34,100 for Right of Way Adjustment.
Randal and Sandra Stangler, PID No. 101-500-351404,6737 LaBeaux Avenue NE. The City
Assessor recommends lowering the value from $239,500 to $222,500, representing a decrease of
$17,000 for Right of Way adjustment.
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Albertville City Council
Board of Review Minutes
May 3,2005
Page 3 of3
Donna and Russel Voght, PID No. 101-500-351405,6575 LaBeaux Avenue NE. The City
Assessor recommends lowering the value from $725,00 to $643,500, representing a decrease of
$81,700 for Right of Way adjustment.
Country Inn & Suites, PID No. 101-099-001060,6554 Lamplight Drive NE. The City Assessor
recommends lowering the value from $2,760,200 to $2,442,000 representing a decrease of
$318,200 representing a general decrease in value originally derived from Marshal Swift.
MOTION BY Council member Vetch, seconded by Council member Fay to make the changes
recommended by the City Assessor as previously stated above. Motion carried unanimously.
ADJOURNMENT
MOTION BY Council member Klecker, seconded by Mayor Peterson to adjourn the meeting at
7:15 p.m.
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Don Peterson, Mayor