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~, L <br />CITY OF ELK RIVER <br />LOCAL BOARD OF APPEAL AND EQUALIZATION <br />RECONVENE <br />1VIAY 17, 2010 <br />Parcel No. 75-621-0030 <br />Fee Owner: Douglas and Grace Ostien <br />Address: 20842 Concord St. NW, Elk River, MN 55330 <br />Acreage: 10.75 <br />Based on an on-site review of the above parcel on May 14, 2010 it is the agricultural appraiser's <br />recommendation to correct the classification from Rural Vacant Land to Agricultural and re- <br />categorize the land as follows: <br />BEFORE - <br />Classification Rural Vacant Land <br />Land $35,400.00 <br />Total - $35,400.00 <br />Past-2B 4.20 acres <br />Waste 6.55 acres <br />AFTER - <br />Classification Agricultural Land <br />Pasture $39,000.00 <br />Waste $ 1,300.00 <br />Total - $40,300.00 <br />Acreage <br />9.75 <br />1.00 <br />This will result in an increase of $4,900.00 to the estimated market value. <br />Increase is due to a re-assessment of parcel acreage. Agricultural appraiser reduced the <br />waste acreage per on-site inspection. <br />