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<br />Board of Equalization Minutes <br />April 11, 1991 <br /> <br />Page 5 <br /> <br />e <br /> <br />There was no action taken on this as the home will be reappraised by <br />the County Assessor. <br /> <br />11. <br /> <br />BON:ITA HOPPER 75-401-0445 Resid~ntial $72.300 <br /> <br />Jerry Kritzeck stated that a mistake was made by the County Assessor's <br />Office with this appraisal and that some flat charges were not added, <br />to the assessed value of the home. The appraisal will increase from <br />$72,300 to $78,300 when these flat charges are added. <br /> <br />COUNCILMEMBER KROPUENSKE MOVED TO ADD THE FLAT CHARGES RAISING THE <br />APPRAISAL FOR PROPERTY 75-401-0445 TO $78,300. COUNCILMEMBER DIETZ <br />SECONDED THE MOTION. THE MOTION CARRIED 4-0. <br /> <br />The Assessor noted that Bonita Hopper has been informed of the <br />additional charges. <br /> <br />12. <br /> <br />L.IQN~_PA~K PARTNERSHIP 75-134-2202 Co~mercial $2.011.800 <br /> <br />e <br /> <br />Jerry Kritzeck stated that he received a phone call from Allan <br />Stellmark. Mr. Stellmark expressed his feeling that the value of the <br />Lion's Park Apartments was too high due to the increased vacancy for <br />apartments in the City of Elk River. <br /> <br />COUNCILMEMBER DIETZ MOVED THAT THE ASSESSED VALUE FOR THE LION'S PARK <br />APARTMENTS REMAIN AT $2,011,800 BASED ON COMPARABLE VALUATIONS. <br />COUNCILMEMBER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 4-0. <br /> <br />13. H~FOLD GRAMSTAD 75-433-0)40_ Commercial $l2.fJ00 <br /> <br />Harold Gramstad stated that his commercial property consisted of rental <br />units and felt that they were assessed too high. Jerry Kri tzeck <br />indicated that he felt the appraised value represented the market value <br />for the units. <br /> <br />COUNCILMEMBER SCHULDT MOVED THAT THE APPRAISED VALUE FOR PROPERTY <br />75-433-0140 REMAIN AT $126,700. COUNCILMEMBER DIETZ SECONDED THE <br />MOTION. THE MOTION CARRIED 4-0. <br /> <br />There being no further business, COUNCILMEMBER SCHULDT MOVED TO ADJOURN THE <br />MEETING. COUNCILMEMBER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED <br />4-0. <br /> <br />The meeting of the Elk River Board of Review adjourned at 8:35 p.m. <br /> <br />. ;?J~aitted' <br /> <br />Sandra A. Thackeray <br />City Clerk <br /> <br />