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I-t~ndmaf~ f <br />412~I~o ~~ud a~ l(~ <br />~ -~~~ <br />2010 City of Elk River Board of Appeal and Equalization <br />Apri128th, 2010 <br />Recommendations from County Assessor <br />For changes to the 2010 Assessment <br />KAAP ENTERPRISES, LLC P.I.N. 75-445-0130 <br />21850 BROOK RD <br />ELK RIVER MN 55330 <br />Plat: BARRINGTON SQUARE <br />Legal description .. <br />LOT 3, BLK 1 TOGETHER WITH <br />EASEMENT & UNDIVIDED 1-3 INTEREST IN <br />OUTLOT A <br />2010 Original <br />Land $ 148,300 <br />Building $ 362,200 <br />Total $ 510,500 <br />2010 Suggested Change <br />$ 111,300 <br />$ 309,000 <br />$ 420,300 <br />Reduction: Building reduced by $53,200 Land reduced by $37,000 <br />Reason: After reviewing the building with the new owner, a lot of repair to the interior is <br />needed before space can be leased. The building has been vacant for over a year. <br />The land value was reduced because the street portion of the parcel should not be valued. <br />