04-29-1992 CC MIN - BOR - Laserfiche WebLink

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. . . Board of Review Minutes Wednesday, April 29, 1992 Page 2 Mr. Cornelius explained that both of these lots are vacant. The property owner of the neighboring lot has done some landscaping to his lot next to the lot line of one of Cornelius' lots. The landscaping process has created a steep knoll on one of Cornelius' lots which also affects his other lot. He stated that he has been trying to sell both lots for a total of $12,900 and has been unsuccessful. He indicated that in order to sell the lots he will have to remove the knoll. COUNCILMEMBER DIETZ MOVED TO TABLE A DECISION ON THIS ISSUE UNTIL THE ASSESSOR CAN VISIT THE PROPERTY AND RECOMMEND A NEW ASSESSED VALUE TO THE CITY COUNCIL (BOARD OF REVIEW). COUNCILMEMBER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 4-0. Richard Pool - 75-431-0410 - $78,000 Mr. Pool stated that his property was appraised based on a 7.5 class appraisal. He stated that he disagrees with the appraised value. He indicated that he paid $51,000 for his home and that the interior of his home is finished with low quality materials. Assessor Jerry Kritzeck indicated that he decreased the valuation by $20,000 to allow for the uncompleted portion of the home and the low quality of the interior fixtures. COUNCILMEMBER DIETZ MOVED THAT THE ASSESSED VALUE OF PROPERTY REMAIN AT $78,000. COUNCILMEMBER SCHULDT SECONDED THE MOTION. CARRIED 3-0. 75-431-0410 THE MOTION Bill Cherrier - 75-127-4201 - $227,200 (22.72 Acres) Jerry Kritzeck stated that he assessed the property at a commercial rate of $10,000 per acre based on what he felt was the highest and best use of the property. Bill Cherrier stated that his property was appraised at $120,000 in 1991. Mr. Cherrier explained that about 5 acres of the property is wetland. He indicated this will be an obstacle in developing the property as he will need approval from the DNR. He further stated that if the property is not developed soon, the property could be tied up by the Federal Wetlands Preservation Act for a long time. He indicated that he did not feel it was fair that his property was being assessed at a commercial rate when it would be some time before it is developed. COUNCILMEMBER SCHULDT MOVED TO REASSESS PROPERTY #75-127-4201 A1 $5,000 PER ACRE BASED ON THE FACT THAT THE PROPERTY IS UNDEVELOPED. COUNCILMEMBER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 3-0. Mike Wallin - 75-405-0630 - $98,300 Mike Wallin indicated that this parcel is commercial and is located on Main Street. He indicated that the past two sales of the property were about $20,000 to $30,000 less than the assessed valuation. Mr. Wallin indicated that the only portion of the house being used was the front. Councilmember Kropuenske suggested assessing the front of the house only as the back of the house is unusable.