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2016 Elk River Board of Appeal and Equalization <br />April 11, 2016 <br />Recommendations from the County Assessor <br />For Changes to the 2016 Assessment <br />2015-3 I142 BORROWER L.P. <br />901 MAIN ST SUITE 4700 <br />DALLAS TX 75202 <br />P.I.N. 75-474-0140 <br />Description: Lot 4 Block 1 Ridgewood Second Addition <br />Physical Address: 12285 Rush Circle NW, Elk River MN <br />Robert Peyton of Ryan LLC, representing 2015-3 I1-12 Borrower LP, contacted the Assessor's <br />Office concerning the value of 75-474-0140. The property is a 1.64 acre parcel with <br />improvements. Sales were reviewed and the land and improvements inspected. The following <br />changes are recommended. <br />75-474-0140 <br />2016 Original 2016 Suggested Change <br />Land $ 60,100 $ 60,100 <br />Improvements $ 191,800 $ 184,900 <br />Total $ 251,900 $ 245,000 <br />Decrease of $6,900. <br />