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<br />CITY OF ELI RIVER <br />LOCAL BOARD OF AljisEAL AND E(~IJALIGATION <br />RECONVENE <br />MAY 17, 2010 <br />Parcel No. 75-1.17-4007 <br />Fee fawner: Douglas and Grace Ostien <br />Address: 20842 Concord St. NW, Elk River, MN 55330 <br />Acreage: 20.00 <br />Based on an on-site review of the above parcel on May 14, 2010 it is the agricultural appraiser's <br />recommendation to correct the classification from ResidentiaURural Vacant Land to <br />Agricultural and re-categorize the land as follows: <br />BEFORE - <br />Classification ResidentiaURural Vacant Land <br />Land $125,800.00 <br />Buildings $ l 52,300.00 <br />Total EMV- $278,100.00 <br />AFTER - <br />Classification Agricultural Land Acreage <br />House Site $ 57,000.00 1.00 <br />2"d Site 15,000.00 1.00 <br />Pasture (hay) 43,700.00 10.94 <br />Pasture (horses) 24,000.00 6.00 <br />Waste 1,400.00 1.06 <br />Total land 141,100.00 <br />Buildings $152,300.00 <br />Total - $293,400.00 <br />This will result in an increase of $15,300.00 to the estimated market value of the land only. <br />Increase is due to a re-assessment of parcel acreage. Agricultural appraiser reduced the <br />waste acreage from 10.00 acres to 1.06 acres per on-site inspection. <br />