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2016-04-18 LBAE MinutesA�lbcrtvillc i CITY OF ALBERTVILLE LOCAL BOARD OF APPEAL AND EQUALIZATION CITY HALL — COUNCIL CHAMBERS April 18, 2016 APPROVED MINUTES ROLL CALL PRESENT: Board members Jillian Hendrickson, Walter Hudson, Rob Olson, Larry Sorensen, and John Vetsch ABSENT: None OTHERS PRESENT: City Administrator -PWD Adam Nafstad, City Clerk Kimberly Olson, Albertville Appraiser Wally Peterson, Senior Appraiser Tammy Anderson, Appraiser Brice Nelson, Appraiser Melissa Janzen Hendrickson called the meeting to order at 6:00 p.m. PRESENTATION - WRIGHT COUNTY ASSESSOR'S OFFICE Peterson began by explaining that the purpose of the Local Board of Appeal and Equalization is to review the assessment of property. This Local Board of Appeal and Equalization is being held for the 2016 assessment for taxes due and payable in 2017. Peterson reported taxes payable are always based on the prior year's value, which is determined using sales data from a previous time period, in this case it based on a study that occurred between October 1, 2014 and September 30, 2015. Peterson introduced Appraisers Nelson and Janzen and Senior Appraiser Anderson as the new appraisers for the City of Albertville. Peterson stated that Wright County is looking at conducting open book meetings for the municipalities and townships that request them. He explained that open book meetings are an alternative to the Local Board of Appeals and Equalization where the meetings are held with County officials. It provides an informal setting where residents can meet with County appointments with no appointment necessary. It also allows a longer period of time for a resident to appeal their valuation. Peterson stated some cities are interested whereas others prefer to maintain local control with their local board at the city level. Sorensen stated that would take away the city's ability to lower taxes if the Council wishes to do so. Vetsch felt that elected officials need to be aware of the market. Vetsch and Sorensen would like to keep the Local Board of Appeals and Equalization as is. Anderson explained the timeline required to change if the Council decided to change to open book meetings. Page 1 City of Albertville Meeting Minutes Local Board of Appeal and Equalization April 18, 2016 Page 2 of 2 Peterson reported there were 130 qualified and 27 unqualified (foreclosed) residential sales. The median price for the qualified sales was $195,667. He stated that unqualified sales (foreclosurelbank sales) were trending down. Peterson stated residential values increased 4.74 %, commercial values increased 0.07 %, and apartment values increased 7.03 %. Peterson reported they received two requests for changes in valuation of property. PID #101 - 062 - 004170,10514 Karston Avenue NE Peterson reported the homeowner had requested a reduction in value from $308,200. Peterson stated he was able to review the home and noticed the amount of finished square footage I the basement was incorrect. He suggested reducing the value to $290,000, a decrease of $18,200. Motioned by Hudson, seconded by Hendrickson, to approve the reduction in value from $308,200 to $290,000 for property at 10514 Karston Avenue NE, PID# 101 - 062 - 004170. Ayes: Hendrickson, Hudson, Olson, Sorensen, and Vetsch. Nays: None. Absent: None. MOTION DECLARED CARRIED. PID# 101 - 096- 001060, 10598 491h Street NE Peterson reported this was a blanket request for multiple rental properties in Wright County and this is the only one in Albertville. Since the appraisers could not gain access to the home and they did not provide accurate comparables, he recommended denial of the request. Motioned by Sorensen, seconded by Hudson, to make no change in value for property at 10598 491h Street NE, PID# 101- 096 - 001060. Ayes: Hendrickson, Hudson, Olson, Sorensen, and Vetsch. Nays: None. Absent: None. MOTION DECLARED CARRIED. ADJOURNMENT Motioned by Hudson, seconded by Vetsch, to close the Valuation Hearing and adjourn the meeting at 6:30 p.m. Ayes: Hendrickson, Hudson, Olson, Sorensen, and Vetsch. Nays: None. Absent: None. MOTION DECLARED CARRIED. Respectfully submitted, ZZ- Kimberly,/X. Olson, City Clerk