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<br />Board of Review Minutes <br />April 28, 1994 <br /> <br />Page 2 <br /> <br />e <br /> <br />Total Valuation - 92,100: Land - $21.500: Buildina - $70,600 <br /> <br />Mr. Vojta stated that his property valuation raised significantly since 1991. He <br />stated that he is having problems with a retaining wall that was installed by the <br />developer. He further indicated that his lot is unfinished and that the basement is <br />unfinished. City Assessor, John Cullen, indicated that Mr. Vojta has begun <br />constructing another garage on his lot which has an affect on the property <br />valuation. <br /> <br />Mayor Duitsman and Councilmember Farber commented that the home was <br />assessed at a fair market value, however, they felt a slight reduction in the land <br />value would compensate for the problems resulting from the retaining wall. <br /> <br />MAYOR DUITSMAN MOVED TO DECREASE THE MARKET VALUE OF THE LAND FOR 75- <br />532-0116 TO $19,900. COUNCILMEMBER FARBER SECONDED THE MOTION. THE <br />MOTION CARRIED 3-0. <br /> <br />3. Timothy Klinobeil 75-532-0104 <br /> <br />Total Valuation $135,500, Land $21,500, Buildina $114,000 <br /> <br />Mr. Klingbeil stated that there was an error in the square footage of his home. <br />Assessor John Cullen confirmed this and stated that a correction will be made. <br /> <br />e <br /> <br />4. <br /> <br />Daniel Graham - 75-53:-0134 <br /> <br />Total Valuation $91,000, Land $21,500, Buildina $69,600 <br /> <br />Mr. Graham indicated that he paid $73,900 for his home two years ago. He <br />believes the property is appraised too high. He further indicated that he cannot <br />receive FHA financing for the property and also indicated that he is having <br />problems with retaining walls causing washing away of dirt in his yard. He also <br />indicated that he is having trouble with dampness in his basement. <br /> <br />Due to the problems Mr. Graham is experiencing with his property and home, the <br />Council felt it was appropriate to lower the valuation of the property by $8,000. <br /> <br />MAYOR DUITSMAN MOVED TO LOWER THE VALUATION OF PARCEL 75-532-0134 TO <br />$83,000. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED <br />3-0. <br /> <br />5. Larry SwedaI75-484-0315 <br /> <br />Total Valuation $144,900: Land $22.700: Buildina $122,200: <br /> <br />Mr. Swedal questioned the reason for the increase in his property valuation. Mr. <br />Cullen indicated that all home is Elk River received an increase in property value, <br />plus Mr. Swedal added an addition to his home in 1993 which increased the <br />property value <br /> <br />e <br />