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<br />Page 4 <br /> <br />Board of Review Minutes <br />May 11. 1988 <br /> <br />e <br /> <br />Phil Tenenbaum - Apartments at 7 - 3rd Street and 21 3rd Street <br />115-115-000001 and 115-115-000002 <br /> <br />Mr. Tenenbaum indicated by letter. that he wished to appeal the <br />assessments due to the fact he is not given a large enough operating <br />percentage in the method used to appraise the property. Jerry Kritzeck <br />indicated that Mr. Tenenbaum has been requested to submit his operating <br />expenses to the County to be used in determining the assessment. Mr. <br />Tenenbaum has not submitted these expenses to date. <br /> <br />COUNCILMEMBER SCHULDT MOVED TO UPHOLD THE VALUE OF THE PROPERTY OWNED BY <br />PHIL TENENBAUM. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION <br />CARRIED 4-0. <br /> <br />Sheldon Vie - Barrington Place - 115-220-030140 <br /> <br />Mr. Vie indicated by letter that he is appealing his assessment because <br />he feels the estimated value of $55.000 is too high. Councilmember <br />Holmgren indicated that this same area was brought to the Board's <br />attention last year. He indicated he felt the properties have been <br />slightly overvalued in the past. <br /> <br />e <br /> <br />COUNCILMEMBER HOLMGREN MOVED THAT THE 6% INCREASE ON THE 1988 ASSESSMENTS <br />BE ELIMINATED FROM ALL BARRINGTON PLACE TOWNHOMES. COUNCILMEMBER SCHULDT <br />SECONDED THE MOTION. THE MOTION CARRIED 4-0. <br /> <br />COUNCILMEMBER TRALLE MOVED TO CONTINUE THE BOARD OF REVIEW UNTIL THE JUNE <br />6. 1988. CITY COUNCIL MEETING AT 7:00 P.M. TO BE HELD AT THE ELK RIVER <br />PUBLIC LIBRARY. COUNCILMEMBER SCHULDT SECONDED THE MOTION. THE MOTION <br />CARRIED 4-0. <br /> <br />There being no further busines. COUNCILMEMBER TRALLE MOVED TO ADJOURN THE <br />BOARD OF REVUEW MEETING. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. <br />THE MOTION CARRIED 4-0. <br /> <br />The meeting of the Board of Review adjourned at 9:57 p.m. <br /> <br />~7 <br /> <br />Sandy Thackeray <br />Recording Secretary <br /> <br /> <br />e <br />