MINUTES OF THE MEETING OF THE EDINA BOARD
<br />OF REVIEW 'HELD TUESDAY, MAY 2, 1972,
<br />AT 5:00 P.M. AT EDINA VILLAGE HALL
<br />Councilmen Johnson, Shaw and Van Valkenburg, acting as Hayor Pro Tem in the
<br />absence of Mayor Bredesen, served as Board of Review. No County represent-
<br />atr'ive attended the meeting as in the past, inasmuch as certain functions
<br />have now been assigned to the local Assessor in c-ommunities over 30,000.
<br />The meeting was convened at 5:00 p.m., pursuant to "Notice of Review Meetingt'
<br />published in the Edina Sun on April 20 and posted on Village bulletin boards
<br />on April 21, 1972. -I Mr. Swanson advised that 1972 assessments have been established which have
<br />resulted in a value of $278,387,975 representing an increase in market
<br />value of approximately 15%. 9 to 10% of this increase is the result of
<br />revaluation, 4 to 5% is the result OX new construction in the Village and
<br />the remainder of approximately 1% has come abrout because of lekislative
<br />action in assessing commercial and industrial property at 43% of their full
<br />value in comparison with the 40% that has been used up to this point. Mr.
<br />Swanson recalled that this increase is subject to a mill rate to raise
<br />revenues. for the municipality, the School District and the County and that
<br />40% of the di'fference between 40 and 43% is shared on a metropolitan wide
<br />selling prices of residential property to the Assessor's market value which
<br />indicated that selling prices are increasing.
<br />has increased generally at a rate of 5% per year.
<br />Mr. Swansod caLled attention to a chart which compared monthly
<br />He added that market value
<br />Mr. David R. Mulligan, 7128 Br,istol Blvd., requested re'duction of the market
<br />value on his house in view of the fact that his market value had increased
<br />25% since he purchased the house four years ago. Market value in 1968 was
<br />given at $27,900; $33,370 in 1970, and $37,100 in 1972. Mr. Swanson will'
<br />examine the appraisal which Mr. Mulligan obtained from the Spring Company,
<br />wh'ich set market value at ,$34,900.
<br />Vr. John G. Jones, 5500 McGuire Road, requested'reduction of hi.s property
<br />from 1972 market value of $51,600 in view of the fact that he had purchased
<br />ihe house for $49,000 in August, 1972, and that the purchase price included
<br />carpeting, drapes and appliances. Mr. Jones added that Mr. Herman Strauchauer
<br />of Edina Realty had said that he believed that $48,000 would be a fair market
<br />price. .Mr. Swanson cited comparison of another similar property in the area
<br />and said-that he would be able to get information on sales of other similar
<br />properties in the neighborhood within two weeks.
<br />Mr. A. L. Remingtoq, 5505 Knoll Drive, objected to the 1972 market value of
<br />$61,500 on his property'which had been increased from the 1970 market value
<br />of $59,640.
<br />other houses in his neighborhood were not consistent with his property and
<br />that municipal sewer and water are available but that his house is not con-
<br />nected to these improvements.
<br />house has not been inspected for six years-but that he will make an inspect-
<br />ion of the property in the next few days.
<br />Mr, J. R. Watson, 5605 Heather Lane, objected to the increase in his 1972
<br />market value of $47,600 which had been increased from the 1970 market value
<br />of $44,490 on the grounds that he had paid $38;000 in May, 1968. Mr. Swan-
<br />son recalled that the County had denied Nr. l?atson's request for an abatement
<br />in 1970 and had established the ~arket value at that time of $45,300.
<br />Swanson told Mr, Watson that he would review sales made in his area if he would
<br />furnish him with the addresses of houses which had been recently sold.
<br />I '
<br />Basis of Mr. Remington's objection was that market value of the
<br />Mr. Swanson said that the interior of the
<br />Mr. L. Ridinger, owner of the apartment building at 4415 Valley View Road,
<br />objected to the 1972 market value of $400,000 being placed on his 17 unit
<br />apartment building at $23,500 per unit, noting that Mr. Schuyler of Thorpe
<br />Bros. had said that $21,000 per unit, or $357,000 for the building would have
<br />a-more realistic value. Mr. Swanson will get together with Mr. Schuyler and
<br />review the market value.
<br />Mr. John Hedberg, representing Hedberg & Sons Company, 3725 W. 76th Street,
<br />objected to the market value placed on his property.
<br />ued indefinitely so that Mr. Hedberg and Mr. Swanson could meet together and
<br />review the valuation.
<br />This matter was contin-
<br />3ks. GladstoneStlenson, 4811 Bywood West, advised that her house had never been
<br />,inspected and an insDection aDpointment was arranged. -