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2017-04-17 LBAE MinutesNbertville Sm" Tman wmq. ag OW tr.. CITY OF ALBERTVILLE LOCAL BOARD OF APPEAL AND EQUALIZATION CITY HALL — COUNCIL CHAMBERS April 17, 2017 APPROVED MINUTES ROLL CALL PRESENT: Board members Jillian Hendrickson, Aaron Cocking, Rob Olson, Board member John Vetsch arrived at 6:40 p.m. and Board member Walter Hudson arrived at 6:51 p.m. ABSENT: None OTHERS PRESENT: City Administrator -PWD Adam Nafstad, City Clerk Kimberly Olson, Albertville Appraiser Brice Nelson, Appraiser Wally Peterson Hendrickson called the meeting to order at 6:30 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 hearing is being held for the 2017 assessment for taxes due and payable in 2018. 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 is based on a study that occurred between October 1, 2015 and September 30, 2016. Peterson reported there were 140 qualified and 37 unqualified (foreclosed) residential sales. The median price for the qualified sales was $238,711. The sales ratio is 92.05% and within the State of Minnesota's requirements. Qualified residential sales countywide were up 13% and the average market value countywide was up approximately 6%, indicating continued improvement. Commercial/industrial value countywide increased 1.42%. Nelson outlined the appeals process regarding property tax valuations. He stated the Assessor's Office has received a few calls and staff explained what market value is and how it is determined. PID 101051002070, 5617 Kalenda Drive NE Nelson reported the property owner had concerns about the valuation of the property. Nelson stated he visited the property and recommends the reduction of square footage in the lower level and value reduction of the deck due to condition. Council will need to take formal action on this property valuation. Page 1 City of Albertville Meeting Minutes Local Board of Appeal and Equalization April 17, 2017 Page 2 of 2 PID 101500364301, 101500364302, 101500364311, 6065 Large Avenue NE Leon Greenslit, of MGM Properties Corporation, was present at the meeting to request a reduction in the valuation of the parcels. Greenslit stated the properties are the old creamery and a billboard sign. The billboard sign is slated to be relocated to a different property in the near future. He felt the three parcels are valued higher than surrounding parcels. He stated the three parcels are packaged together in order to sell; if they are not packaged together, there are not a lot of buyers. Nelson replied that once the billboard is removed, the valuation can be adjusted. Nafstad inquired if there is unusable right of way or utilities located on the parcels that would prohibit development. Peterson stated the County would need time to review and re-evaluate the property. Vetsch felt the property should be revalued. Hendrickson inquired how the Council should address the issue and Nelson reported the Board can reconvene in 20 days or less to give the County time to address the request or take no action and have the property owner appeal to the Wright County Board of Appeals and Equalization. Cocking stated that he preferred the matter to be kept at the municipal level. PID 101110006090, 6853 LaSalle Circle NE Rebecca Nielson was present to dispute the valuation of the property. She stated the valuation was $384,300 and there are no homes in the neighborhood that have sold for over $350,000. She felt there was a $35,000 discrepancy in value and there are other comparable properties to look at in the same neighborhood. Nelson replied that he would like to visit and review the property and suggested the Council set a date and time to reconvene the Local Board of Appeals and Equalization for both this property and the MGM parcels. He recommended closing the hearing. Motioned by Cocking, seconded by Olson, to approve the change in valuation for 5617 Kalenda Drive NE, PID 101051002070, from $216,744 to $211,071. Ayes: Hendrickson, Cocking, Hudson, Olson, and Vetsch. Nays: None. Absent: None. MOTION DECLARED CARRIED. Motioned by Cocking seconded by Olson, to approve no change in valuation for PID's 101500364301, 101500364302, 101500364311, and 101110006090 and to reconvene the Local Board of Appeals and Equalization meeting specific to these parcels at 6:45 p.m. on Monday, May 1, 2017. Ayes: Hendrickson, Cocking, Hudson, Olson, and Vetsch. Nays: None. Absent: None. MOTIONDECLARED CARRIED. ADJOURNMENT Motioned by Olson, seconded by Cocking, to close the Local Board of Appeals and Equalization hearing at 7:10 p.m. Ayes: Hendrickson, Cocking, Hudson, Olson, and Vetsch. Nays: None. Absent: None. MOTIONDECLARED CARRIED. Respectfully submitted, Kimber y . Olson, City Clerk