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MINUTES OF THE CONTINUED PEETING OF THE <br />EDINA BOARD OF REVIEF7 <br />HELD THURSDAY, JUNE 14, 1973, AT 4:30 P. M. <br />c <br />Councilmen Courtney, Shaw, Van Valkenburg and Mayor Bredesen served as Board of <br />Review at the meeting continued from June 13, 1973. <br />Mr. Earl Fredrickson, 5408 Doncaster %lay, objected to the increase in his pro- <br />perty valuation from $53,500 in 1972 to $56,200 in 1973. 'He said that he had <br />purchased his home in November; 1971, for $50,000 and that the asking price <br />had been $52,500. <br />by the Village Assessor is approximately 95.3% of the selling price. <br />rickson said that he had obtained a list from his realhor of some 109 sales in <br />the Village and cited numerous prices of sales of houses in the $45,000 to <br />$85,000 price range. He was reminded by Councilman Courtney that the Board is <br />interested only in selling prices of similar houses in similar locations. <br />Mayor Bredesen said that the market value of a property can never be determined <br />until that property is resold. <br />the purpose of raising taxes. <br />ment to inspect the house. <br />Nayor Bredesen pointed out that the valuation established <br />Mr. Fred- <br />He added that valuation is not increased for <br />Mr. Swanson will attempt to arrange an appoint- <br />Mr. Rodger E. Jensen, 4420 Philbrook Lane, was not present at this meeting but: <br />had left his objection on June 11, 1973, to the increase of his valuation from <br />$48,500 in 1972, to $50,900 in 1973. <br />a correct valuation. <br />He had indicated that $40,000 would be <br />Mr. John M. Anderson, 440: Grimes Ave., was not present at this meeting but had <br />left his objection on June 11, 1973, to the increase of his valuation from <br />$29,100 in 1972 50 $29,200 in 1973.. He had indicated that he did not feel that <br />a two bedroom, one' bath home with old plumbing, furnace, etc. is worth the <br />valuation set by the Assessor. <br />Mr. David D. Naas, 6721 McCauley Trail 27, objected to the increase of valuation <br />of the parcel on which his home is located from $36,800 in 1972 to $105,000 <br />in 1973, and the increase of an adjacent parcel of land from $400 in 1972 to <br />$1,000 in 1973. <br />$76,800. <br />and that his only increase for this year would be 5%. <br />that in 1972 the land was valued at $34,000 and the structure at $42,800, in <br />comparison to the 1973 land value of $60,000 and the structure at $45,000. <br />Mr. Naas was told that if he is over 65 years of age, his 1974 real estate <br />taxes will be no higher than taxes paid in 1973. <br />Mr. Samuel Z. Hechter, owner of a 63 unit apartment building located at 4545 <br />Valley View Road, objected to the increased valuation on his building from <br />$1,200,000 in 1972 to $1,240,000 in 1973. Mr. Hechter said that he believes <br />that the correct value would be $1,100,000. Mr. Swanson will review a state- <br />ment of income and expenses of the property with Mr. Hechter. <br />He advised that he believes that the correct value should be <br />Mr. Naas was told that the land had been undervalued for many years <br />Mr. Swanson pointed out <br />Mr. Curtis E. Austin, 5509 Grove Street, was not present at this meeting but <br />had left his objection on June 11, 1973, to the increase of his valuation from <br />$29,400 in 1972 to $37,000 in 1973. Mr. Austin had indicated that he believed <br />that newer property with greater floor space and additional facilities was <br />selling at.values equal to the assessed value of his property. <br />Mrs. Lylas J. Clark, owner of the double bungalow at 5715-5717 France Ave. S., <br />was not present. at the meeting but left her objection on,June 11, 1973, to the <br />increase of the valuation from $61,600 in 1972 to $64,100 in 1973. <br />Mr. Villis Borchert, 6122 France Ave. S., was not present at this meeting but <br />had left his objection on June 11, 1973, to the increas.ed valuation of his <br />double house at 6122 France Ave. S. from $72,300 in 1972 to $75,900 in 1973. <br />Nr, Kenneth Pearson, 6801 Telemark Trail, was not present at this meeting but <br />had left his objection on June 11, 1973,. to the increased valuation of his <br />property from $82,000 in 1972, to $85,300 in 1973. Mr. Pearson had indicated <br />that he believed that the true market value should be $75,000. <br />11s. Venus E. Smith, owner of an eleven unit apartment building at 4001 Navelle <br />Drive, was not present at this meeting bur had left her objection at the meet- <br />ing of June 11, 1973, to the increased valuation of her property from $208,600 <br />in 1972 to $212,000 in 1973. <br />rect value to be $200,000 and had noted that the value of older apartment <br />Ms. Smith indicated that she believed the cor-