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<br /> <br /> <br /> <br />Boar1v9f Equalization Minutes <br />May e;t 1985 <br />Page Six <br /> <br />of square footages for businessess in Elk River that he and Mr. Bischoff had <br />compiled. Mr. VanValkenburg indicated that the Pizza Station and Sunshine Depot <br />were valued at $30.00 per square foot and SneakylPete's at $35.00 per square foot. <br /> <br />Discussion was carried on regarding the market value of the properties, the impact <br />of the valuations per square foot on the second level apartments of the Sunshine <br />Dopot and the age of the buildings. <br /> <br />COUNCILMEMBER ENGSTROM MOVED TO REDUCE THE SQUARE FOOT VALUATION ON THE SUNSHINE <br />DEPOT FROM $30.00 PROPERTY TO $25.00 PER SQUARE FOOT. COUNCILMEMBER SCHULDT <br />SECONDED THE MOTION. THE MOTION PASSED 4-0. <br /> <br />COUNCILMEMBER ENGSTROM MOVED TO REDUCE THE SQUARE FOOT VALUATION ON THE SNEAKY <br />PETE'S PROPERTY FROM $35.00 PER SQUARE FOOT TO $30.00 PER SQUARE FOOT. COUNCIL- <br />MEMBER WILLIAMS SECONDED THE MOTION.. THE MOTION FAILED 0-4. <br /> <br />COUNCILMEMBER WILLIAMS MOVED TO REDUCE THE ASSESSED VALUATION ON THE SNEAKY PETE'S <br />PROPERTY FROM $35.00 PER SQUARE FOOT TO $25.00 PER SQUARE FOOT. MAYOR HINKLE <br />SECONDED THE MOTION. THE MOTION PASSED 4-0. <br /> <br />COUNCILMEMBER.SCHULDT MOVED THAT THE ASSESSED VALUATION FOR THE PIZZA STATION AT <br />$30.00 PER SQUARE FOOT REMAIN THE SAME. COUNCILMEMBER WILLIAMS SECONDED THE MOTION. <br />THE MOTION PASSED 4-0. <br /> <br />9. Warren Williams <br /> <br />MAYOR HINKLE MOVED THAT THE ASSESSED VALUATION FOR THE WARREN WILLIAMS PROPERTY <br />REMAIN AT $136,000 BECAUSE OF THE LOCATION OF HIS PROPERTY AND THE FACT THAT <br />HE WAS OVERBUILT FOR THEAREA~ COUNCILMEMBERENGSTROM SECONDED THE MOTION. THE <br />MOTION PASSED3~1. COUNCILMEMBER SCHULDT OPPOSED. <br /> <br />Discussion was carried on regarding the valuation of properties in the Industrial <br />Park and concerns of the Elk River Associated Investors. <br /> <br />COUNCILMEMBER SCHULDT MOVED TO CONTINUE THE BOARD OF EQUALIZATION MEETING FOR <br />THE SPECIFIC PURPOSE OF DISCUSSING THE ASSESSED VALUATIONS OF PROPERTIES IN THE <br />INDUSTRIAL PARK. COUNCILMEMBERWILLIAMS SECONDED THE MOTION. THE MOTION PASSED <br />4-0. <br /> <br />The meeting was concluded at 12:00 midnight. <br /> <br />Respectfully submitted, <br /> <br />~aA- 'Ijh-~ <br /> <br />Deborah Kleckner <br />Administrative Assistant <br /> <br />sm <br />