04-25-2005 CC MIN - BOA - Laserfiche WebLink

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Board of Appeal and Equalization Minutes April 25, 2005 Page 2 . MOVED BY COUNCILMEMBER DIETZ AND SECONDED BY COUNCILMEMBER MOTIN TO LEAVE THE PROPERTY VALUE AT THE ASSESSED VALUE PER THE ASSESSOR'S RECOMMENDATION DUE TO THIS VALUE HAD ALREADY BEEN REDUCED BY 5 PERCENT. MOTION CARRIED 5-0. 2. Charles Hulse, Parcel Identification Number 75-690-0130 Mr. Hulse stated that in April of 2004 he paid $356,000 for his home and that now the value is at $74,600 for the land and $324,583 for the building for a combine value of $399,200. He asked that this amount be reduced. Appraiser Holmgren stated that other houses in the area with the same square footage have sold for $400,000+. He stated that this value was placed using the same methods as used for other homes in the area with similar comparisons and that this amount should be correct. Assessor Kritzeck recommended the value to stay the same. MOVED BY COUNCILMEMBER DIETZ AND SECONDED BY COUNCILMEMBER FARBER TO KEEP THE VALUE THAT THE COUNTY ASSESSOR HAS PLACED ON IT. Councilmember Morin felt that the value should be at 100 percent of the purchase price plus 92.5 percent. . The Mayor called the question. MOTION CARRIED 4-1 with Councilmember Motin voting no. 3. Chuck Jensen and Mr. Jacobs representing Cargill Corporation, Parcel Identification Numbers 75-001-3400, 75-011-1401, 75-011-4100, 75-011-4105, 75-011- 4400,75-012-1100,75-012-1411,75-012-2000, 75-012-3000, 75-012-3300, 75-013-2100,75- 013-2400,75-014-1100 Mr. Jacobs stated that the best use of this land is to remain agricultural and should be valued similar to other agricultural land. He stated that AG sales of land could have the price built in for future potential and developments or the AG sales of land could be for using the land for crops. He stated that $3,000 to $4,000 per acre is farmland price. This land is used by the Cargill Corporation as farming land. Assessor Kritzeck stated that agricultural land has gone up by 15 percent. He stated that this land is classified as AG and taxed as AG but that the Green Acres Program cannot be extended to corporations. It was also discussed that the settlement agreement that Cargill Corporation has with the City of Elk River eliminates them from the Urban Expansion Area. . Appraiser Henderson stated that sales of agriculture land in February 2004 in Bluehill Township that went from AG to AG sold for $6,100 per acre. Sales in Clear Lake were listed as $3,800 in January 2003; $3,700 in December 2003. It was stated that Elk River has a more valuable market.