MINUTES OF THE CONTINUED MEETING OF THE
<br />EDINA BOARD OF REVIEW
<br />HELD MONDAY, JUNE 27, 1977, at 430 P.M.
<br />Answering rollcall for the continued meeting of the Board of Review were members
<br />Courtney, Richards, Schmidt,. Shaw and Mayor Van Valkenburg.
<br />Council reviewed a memorandum from MS. Arlin Waelti about what possible action
<br />could be taken by the City to address the inequity caused to the City of Edina
<br />in particular and Hennepin County generally by the differences in market value
<br />throughout the State. Ms. Waelti pointed out that, assuming an inflationary
<br />rate of twelve percent on real property in the City over a given period of time
<br />and a statutory limitation of ten percent, the effect would be to eventually
<br />reduce the City's limited market value,
<br />interested in pursuing this matter.further, officials might 1) meet with inembers
<br />of the Department of Revenue staff to disccver what action might be taken; 2)
<br />declare the Statute on limited value unconstitutional; and 3) instigate legisla-
<br />tive lobbying.
<br />after the Managers'meet on June 30, 1977, so that they can respond to questions
<br />raised in Mr. Hyde's letter.
<br />Discussion ensued as to Ms. Waelti's conclusion that the Board of Review may
<br />reduce the entire valuation of the City by no more than one percent of the aggreg-
<br />ate assessment made by the Assessor during the year 1977. It vas generally agreed
<br />to continue this matter to see what other municipalities are doing to solve the
<br />She concluded that if the City is
<br />It was generally agreed that the matter be continued until
<br />Mr. Hyde invited Council to attend the Managers' Meeting on June 30.
<br />Being advised by Assessor Swanson that additional applicatidns for assessment
<br />review are still being received, Councilman Richards' motion that applications be
<br />closed as of June 28, 1977, was seconded by Councilman Shaw.
<br />Ayes: Courtney, Richards, Schmidt, Shaw, Van Valkenburg
<br />Nays: None
<br />Motion carried.
<br />Mr. Swanson presented the foilowing applications for review which had been received
<br />after June 13, 1977:
<br />1977 value of $73,200 from $67,800 in 1976, stating his concern about low valu-
<br />ations in his area. Mr. Swanson said that he believed that nearby houses might
<br />be under valued and that those..properties will be revalued during future eazlu-
<br />ation of the area.
<br />Mr. Robert W. Olson, 5600 Johnson Drive, objected to the increase in his
<br />Wickes Furniture Co., 6725 York Ave. S., presented their objection to their
<br />market value of $1,500,000 which had increased from $1,355,000 in 1976. He
<br />explained that the value was reduced to a figure shown by the Hennepin County
<br />Board and further appealed by the owner.
<br />analysis does not indicated the property to be overrated.
<br />He clarified that the Assessors
<br />Mr. Peter Weiss, 5300 Evanswood Lane, objected to his value of $116,700 which
<br />had been increased from $112,000 in 1977. Mr. Swanson said that this property
<br />would continue to be inspected annually.
<br />Mr. Swanson said that Mrs. Thelma Dodge, 5232 Millpond Place, had dropped her
<br />objection to her 1977 market value of $31,600.
<br />The Board reviewed the adjusted values of the Assessor for persons who had
<br />appeared in person or who had written applications at the previous meeting,
<br />whereupon Councilman Courtney moved that the recommendations of the Assessor be
<br />accepted on all applications including the following whose values had been
<br />adjusted by the Assessor: *
<br />F. X. McCarthy
<br />Address Value
<br />4200-50-80 Parklawn Ave.)
<br />4415 Parklawn Court 1 $900 , 000
<br />David Thomas Vacant Land on County Road 18 LOO, 000
<br />Thomas P. Keyes 5528 W. 70th St. 49,700
<br />James T. Deusterhoff 6320 Peacedale Ave. 56,500
<br />Knut A. Reishus 7309 Schey Dr. 67 , 900
<br />Joseph Jellen 5221, Minnehaha Blvd. 51,500
<br />Amid D. Adclman 5418 Creek View La. 75 , GOO
<br />Note was made of the intention of Mr. William Jarcline, 5400 Malibu Dr., and
<br />The Colony at Southdale to appeal their.assessments to Hennepir! County.
<br />noted also that Mr. tiedberg, owner of a number of parcels in Southeast Edina
<br />are still in Court over their 1976 assessment.
<br />Councilman Courtney.
<br />It was
<br />Notion was seconded by