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5. Peggy Kaproth, Parcel Identification Number 75-409-0635 <br />Ms. Kaproth indicated that this is a vacant lot that she purchased at auction. She stated that the 42% <br />increase in market value is excessive. <br />Mr. Olson explained that he reassessed all of the properties on the river in that area. He admitted he <br />had trouble with figuring out a land scheme because the lots had been underassessed in previous <br />years. <br />Councihnember Gumphxev questioned why an increase in value of a property that has been <br />underassessed is not spread out over a couple years. Mx. Olson explained that he cannot ethically <br />spread it out. He noted that the value is not raised simply because it has been underassessed but <br />because that is what it is worth. <br />Mayor Klinzing questioned if the lot can be reviewed to evaluate its condition. Mr. Olson indicated <br />he will review the property and report back to the board at the reconvene meeting. <br />6. Kenneth Dehn, Parcel Identification Number 75-733-0210 and 75-733-0215 <br />Mr. Dehn submitted a letter appealing his market value. He explained that his business is currently <br />closed and has no tenants and he would like a reassessment. <br />Mx. Cullen indicated he will reassess the property and report back at the reconvene meeting. <br />Jeffrey Day, Parcel Identification Number 75-523-0230 <br />Mx. Day submitted a letter appealing his market value. <br />The property will be reassessed and the appraiser will report back at the next meeting. <br />8. Mark Pendergast, Penmar Properties, Parcel Idendfication Numbers 75-133-1115 and 75-133- <br />1100 (Elk Crossing, LLC) <br />Mr. Riley presented a letter from Mr. Pendergast appealing his values on the above mentioned <br />apartment buildings. Mx. Riley explained that the appraisers were not able to review the properties <br />until yesterday. He stated that he would recommend this item be continued to the reconvene meeting <br />so the owner has time to respond to the rental data survey that has been sent out. <br />5:AAdmirilsceadonABoaxd of Appeal\7A08 Reconvene CC Memo.doc <br />