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1989-04-18 CC Board of ReviewC] • • BOARD OF REVIEW APRIL 18, 1989 Mayor Gary Schwenafeier called the 1989 Board of Review meeting to order Members present included Jim Krystosek, Donatus Vetsch, Bob Braun and Don Cornelius Others present, included Maureen Andrews and two representatives of the County Assessor's Office The representatives of the County Assessor's Office pointed out that the purpose of the hearing was to talk about 1989 property assessments due and payable for the 1990 taxes and not the general issue of taxes One of the Wright County representatives went on to explain that this is the only opportunity for residents to have the market values for their property adjusted if need be before they receive their 1990 tax statements Several people were present to express their concern regarding the issue of taxes. In all instances, the discussion focused on taxes and not property values A question was raised regarding the increases made by the County -- What determines the percentage of increase, who gets the increase and what influence does the State of Minnesota have determining these charges The City's assessing is done through the method of mass approval, which means that each year the assessor inspects 1/4 of the properties located in the City, determines what types of sales have taken place in each of the property classifications to determine what type of an overall increase to the city's valuation It was noted that according to State Statute each city is suppose to be at 100% of the market value, but they are allowed a 10% variance. If, in the event that the City's overall valuation does not meet the 90% mark the State automatically increases the asaessed valuation for one year to bring that City into conformance with the state law, meaning everyone gees an increase For this reason, the assessor tries to keep the valuations in the 92-96% to be on the safe side In addition to the 1/4 of the properties checked each year, all new construction, any property that was not completed at the end of the year, the year prior is also looked at, and finally, any home that has had a building permit issued during the year is looked at as well There was also a question regarding the breakdown of taxes for school, county and city The people present were informed that the School District uses approximately 52%, the City uses 30% and the County uses 20% of the allocated taxes 40 The people who got up and spoke did not question their valuation on their homes but stated their concern about where taxes are going on their property Mr Jim Hennum, being the spokesperson for the group, showed the Council a select group of real estate listings showing some homes in the metropolitan area that have lower taxes then the City of Albertville He noted that something has to be done if houses are going to continue to sell in Albertville The minutes should note the groups biggest concern seemed to focus on the issue of the St Michael Albertville School Districts proposal to be building a new school at a quoted sum of some "14 million dollars" and what impact it will have on the local taxes It was pointed out that if the citizens are concerned about the school bond issue they need to more involved with what is happening on the School District level The residents need to attend the meeting so as to know what is going on The minutes should also note that it was pointed out that the City of Albertville's portion of the tax has not changed very much in the past few year because the City has been able to capture any increase in budget expenses through the increase in tax base There was some discussion about the issues of homestead credits, how the values are determined and what is the next step for these • people It was pointed out that the people present or who wrote a letter are now allowed to go before the County Board of Review regarding the issue of their market value The County Board of Review will be held June 19 and 20, 1989 at 1 00 p m at the County Courthouse Those wishing to be heard need to make an appointment with the County Administrator's Office Hearing no other questions or comments, Mayor Schwenzfeler asked for a motion to adjourn the 1989 Board of Review The motion was made by Bob Braun and seconded by Don Cornelius All were in favor and the motion carried • After a short break, the Council then settled into their work meeting Issues discussed included the cash flows from Juran and Moody for blacktopping Psyk's 4th Addition and for John -George, Inc for a possible expansion to the WESTWIND plat There was also limited discussion regarding municipal building expansion but due to the discussion which had just taken place during -2- the Board of Review it was agreed that the timing was not the best for this discussion It was also agreed that these schedules needed to be expanded in the areas of additional income (i e fire contracts) and carrying the debt out over a longer period of time Brad agreed to •work out some new schedules and bring them back to the Council for discussion. The other issue discussed was the issue of providing Tax Increment Financing to an interested party The Council was informed that staff had met with the party earlier in the day and felt that they were really interested in coming to the City of Albertville Issues discussed included the fact that the party was not interested in locating in the industrial park because of costs It was noted that because our Comprehensive Plan stresses the desire to focus on the park for industrial growth it might be advisable for the City to meet with the representatives of Barthel Industrial Park to see if they could be of any assistance in helping locate the business to the park Secondly, the issue of site improvements were discussed It was pointed out that the party was not interested in installing black topping, curb and gutter The Council was asked if they were willing to waive the improvement requirements After some general discussion it was agreed that all the improvements need to be installed per the requirements of the City There was also some discussion regarding how the information should be presented to the interested party It was agreed that the • staff would work out together three options for them to review The options include 1 Locating in the Industrial Park, provided the park owners are willing to provide a reduction in land costs to make the land more competitive with the other site 2 Provide the financing for the Ackermann site bringing the improvements to the back site as discussed in the meeting This option would use most of the increment for the installation of utilities, leaving little or none for the actual building 3 Provide the financing for the Ackermann site (7 5 acres) using some of the monies for the removal of the house and farm site, making this a redevelopment district In addition, the Council would consider how to deal with the utility issue in this situation as well After some additional discussion, it was agreed that staff should put together a proposal and see if the party is still interested in Albertville In the event that they are willing to go forward with the project, a tax increment financing package will be put together Having no other matters to discuss the Council adjourned the work meeting 0- 4 a"46"-4