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<br />ELK RIVER BOARD OF <br />APPEAL AND EQUALIZATION <br />APRIL 29, 2009 <br />Parcel No. 75-005-1100 <br />Fee Owner: Houlton Olson Family LLLP <br />Address: 729 Main St., Elk River, MN 55330 <br />Property Address: Vacant land <br />Acreage: 60.99 acres <br />The appraiser keyed in the incorrect per acre value for the non-productive pasture land. It <br />is the appraiser's recommendation to correct the valuation as follows: <br />BEFORE - <br />Classification Agricultural Non-homestead <br />Pasture $382,600.00 <br />Waste 16,300.00 <br />Buildings -0- <br />Total - $398,900.00 <br />AFTER - <br />Classification Agricultural Non-Homestead <br />Pasture $242,200.00 <br />Waste 16,300.00 <br />Buildings -0- <br />Total - $258,500.00 <br />This would result in a reduction of $140,400.00 the Estimated Market Value. <br />