04-12-2021 BOA CCM - Laserfiche WebLink

Home Browse Search

Members Present: Members Absent: Staff Present: Meeting of the Elk River Board of Appeal and Equalization Held at the Elk River City Hall Monday, April 12, 2021 Mayor John Dietz (6:26 p.m.), Councilmembers Garrett Christianson, Mike Beyer, Matt Westgaard, and Jennifer Wagner None City Administrator Calvin Portner, Deputy Clerk Jessica Miller, and Records Specialist Katie Porath Also Present: County Assessor Michelle Moen, Residential Appraiser Krista Thoe, and Residential Appraiser Beth Boysen I. Call Meeting to Order Pursuant to due call and notice thereof, the meeting of the Elk River City Council was called to order at 6:00 p.m. by Acting Mayor Christianson. 2. Sherburne County Assessor's Report Beth Boysen, Sherburne County Residential Appraiser, presented information on the assessment procedures and statistics for the City of Elk River 2021 assessments. Councilmember Westgaard asked why the number of "good sales" was such a high percent of total sales. Michelle Moen, Sherburne County Assessor, stated that new constructions were not included, which affected the number considered "good sales". 3. Hear Appeals Submitted by Attendees Jessica Barthel, Property Manager of Pullman Place, introduced board members in attendance: Larry Toth, Don Arndt, and Robert Jones. Ms. Barthel described the limited equity formula used to determine the value of the 65 units located in Pullman Place. Pullman Place is a cooperative housing building managed by Guardian Angels and insured by Housing and Urban Development (HUD). Revenue is generated through monthly fees which are used to cover expenses. Currently, 10.5% of the monthly fees go toward property taxes. Shares in the units do not ebb and flow with the housing market but stay at a 1% increase. Owners cannot sell their unit for more than the established listing amount, even if they have upgraded their property.