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<br />INFORMATION <br /> <br />Sherburne County ~ ( <br />ASSESSOR ~ <br /> <br /> <br />GERALD E. KRITZECK, S.A.M.A. <br /> <br />July 25 2005 <br /> <br />13880 Highway 10 <br />Elk River, MN 55330 <br />(763) 241-2880 0 1-800-438-05770 Fax: 241-2869 <br /> <br />Mr. Patrick Klaers <br />City Administrator <br />13065 Orono Parkway <br />Elk River, MN 55330 <br /> <br />Dear Mr. Klaers: <br /> <br />Per your letter dated July 19,2005 regarding the issue of the status of property values on <br />lots adjacent to the Trott Brook Farms wetland complex, it is the finding of our <br />investigation of the land values in that area that we have not attached a greater value to <br />those building sites. <br /> <br />Therefore, there is no adjustment that can be made for the fact that the wetlands in the <br />Trott Brook Farm complex have changed in their appearance. For mass appraisal <br />purposes all lots in the Trott Brook Farm development are currently being valued at the <br />base value for a city sewer and water building site. The current base value for that <br />building site in the city urban districtis $58,000, plus $5,000 for sewer and water <br />availability, for a $63,000 value per building site for the 2005 assessment year. <br /> <br />Currently the market sales ratio indicates that this site value may increase for the next <br />assessment year, however, if the market should change downward we would react <br />accordingly. <br /> <br />Sincerely, <br /> <br />~ <br /> <br />. Gerald E. Kri <br />Sherburne County Assessor <br />Sherburne County <br /> <br /> <br /> <br />Deputy Assessor <br />Sherburne County <br /> <br />JUt 2 6 2005 <br />