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~}ra-,iii <br />2011 City of Elk River Board of Appeal and Equalization <br />Apri127st, 2011 <br />Recommendations from County Assessor <br />For changes to the 2011 Assessment <br />HOULTON INVESTMENT CO P.LN. 75-134-2303 <br />C/O WILLIAM HOULTON <br />1801 MAIN ST <br />ELK RIVER MN 55330 <br />PROPERTY TYPE: VACANT LAND ZONED C-2 <br />ACREAGE: 1.76 <br />LEGAL DESCRIPTION: PARCEL D-S. THAT PT OF THE FOLLOWING DESC <br />PARCEL D LYING S OF WLY EXTENSION OF CTRLINE <br />OF 6TH ST (FORMERLY PLATTED AS 8TH ST) AS (ETC.) <br />2011 Original <br />Land $ 388,000 <br />Building $ 0 <br />Total $ 388,000 <br />2011 Suggested Change <br />Land $236,800 <br />Building $ 0 <br />Total $236,800 <br />Reduction: A reduction to the land of $151,200. <br />Reason: After reviewing the property a reduction will be made to $3.09 per s.f. due to <br />the necessity of filling the lot to be buildable, reduction for road, and market condition. <br />