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<br />BOARD OF EQUALIZATION MEETING <br />HELD AT THE SHERBURNE COUNTY ADMINISTRATION BUILDING <br />THURSDAY. JUNE 5. 1986 <br /> <br />e <br /> <br />Members Present: Councilmembers Gunkel. Schuldt and Williams <br /> <br />Members Absent: <br /> <br />Mayor Hinkle and Councilmember Engstrom <br /> <br />The meeting was called to order at 7:00 p.m. by Acting Mayor Schuldt. <br /> <br />Acting Mayor Schuldt introduced the County Assessors. Ty Bischoff and Jerry <br />Kritzek to the audience. <br /> <br />Ty Bischoff explained that the purpose of the meeting was to review the 1986 <br />assessments with anyone questioning or wishing to appeal their assessed <br />property valuation. <br /> <br />A sign-in sheet was <br />valuation of property. <br /> <br />used for property owners wishing to discuss assessed <br />The following people signed the list: <br /> <br />Ed Bailek <br />Phil Tennenbaum <br />Mr. Ralph C. Schmidtke <br />Mick and Sandy Herkenoff <br />Mr. & Mrs. Don Coleman <br />Mike Majkrzak <br /> <br />1. <br /> <br />Ed Bailek & Phil Tennenbaum <br /> <br />e <br /> <br />Mr. Ed Bailek indicated that he and his partner. Phil Tennenbaum owned two <br />apartment buildings located on 7 - 3rd Street and 23 - 3rd Street. Mr. <br />Bailek gave the following assessed valuation figures to the Council and <br />noted he wished to appeal the fact that the valuation had raised so much <br />since 1984. <br /> <br />Apartment Complex located on 7 - 3rd Street (12 units) - $202.800 - 1984 <br /> $304.900 1985 <br /> $282.000 1986 <br />Apartment Complex located on 23 3rd Street (18 units) - $309.700 - 1984 <br /> $462.900 1985 <br /> $428.500 1986 <br /> <br />Mr. Bailek indicated he has filed a petition with the court to receive a <br />tax release, but the case is still pending. He indicated Mr. Kritzek. <br />Assessor. used the income approach method to determine the valuation. <br />and further indicated he agreed with Mr. Kritzek's approach but felt he <br />did not use the actual figures in determining the assessed valuation, <br />which in turn caused the valuation to be too high. E-=! indicated the <br />buildings are not built very well and they have had ongolg problems with <br />the plumbing work and electrical work. He further indicated he has owned <br />the buildings for ten years. Mr. Bailek compared his Elk River apartment <br />buildings with a building he ovhled in Ar:oka of comparable size and <br />indicated the assessed valuation was much lower for the Anoka building. <br /> <br />e <br />