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6/27/77 <br />I80 <br />Ayes: Courtney, Richards, Schmidt, Shaw, Van Valkenburg <br />Gys: None <br />1-iotion carried. <br />Mayor Van Valkenburg <br />should be consistent <br />Notion of Councilman <br />emphasized his opinion that the value of rental property <br />with its ability to yield a profit. <br />..! <br />Richards was seconded by Councilman Shaw that discussion of <br />the assessment of the Hedberg properties be continued to the Board of Review Meet- <br />ing of June 30, 1977, at 4:30 p.m. <br />Ayes: Courtney, Richards, Schmidt, Shaw, Van Valkenburg <br />Nays: None * <br />Blotion carried. <br />In response to a question of Mr. Hyde regarding the objection of tlr. Burch Bell, <br />6620 Normandale Road, to his increase in value'from $84,100 in 1976, to $93,100 <br />in 1977, Mr. Swanson said that appraisals for the structure of the City and the pri-. <br />vate appraiserarenuch the same but that he believes the land value is higher than <br />the value set by the other appraiser. He added that if the property should be <br />divided and sold into lots, even as raw land, the value would be significantly <br />higher than $93,100. <br />The Mayor then declared the meeting adjourned until 4:30 p.m. on June 30, 1977, <br />which meeting will be held in the Conference Room.at the Edina City Hall. <br />.A&j ournment at .5.; 45 p .m. <br />&A- L <br />City Clerk <br />MINUTES OF THE CONTINUED MEETING OF THE <br />EDINA BOARD OF REVIEW <br />HELD TSJRSDAY, JUNE 33, 1977, at 4:30 P.M. <br />Acswering rollcall €or the continued meeting of the Board of Review were members <br />Courtney, Richards, Schmidt, and Mayor Van Valkenburg. <br />Mr. Swanson presented a schedule showing land values of properties owned by <br />Eedberg & Sons Company, recalling that these values have been subject to litiga- <br />tion since 1970 and that values from 1970 thru 1972 have been adjudicated and <br />consolidated and affirmed by the Supreme Court. He clarified that once the 1975 <br />value has been agreed upon, the limitations will be in effect. <br />indicated thzt the Court had reduced the valuation from the adjusted value set <br />by the Council in 1970 from $2,503,200 to $1,089,000 and from $2,709,000 to <br />$1,089,000 in 1972. <br />cated that the Hedbergs will not oppose the Tax Increment District and that they <br />are in a mood to compromise on the market value of their propertv. <br />lenghty discussion, Councilman Courtney's motion accepting the ASSeSSOr'S values <br />for the Hedberg property for 1977 was seconded by Councilman Richards. <br />The schedule <br />3fr. Hyde pointed out that the Hedberg's attorney has indi- <br />Following <br />Ayes: Courtney, Richards, Schmidt, Van Valkenburg . <br />Nays: None <br />Xotion carried. <br />I Mr. Swanson advised the Board :hat an additional appeal had been received from <br />Jewel Properties on June 29, 1977, without previous discussion or contact with <br />his office, objecting to the increase in the market value of property at 4251 <br />Parklaw& Ave. from $437,100 in 1976 to $480,000 in 1977. He recommended that no <br />adjustment be made, based on his reviewal of the. property. <br />Mr. Hyde recalled that the Me-tropolitan Area Managers' Association had met with <br />Messrs. Dah1 and Gardner of the Minnesota State Aid Department and that none of <br />the metropolitan area City Councils had made a 1% reduction of market values. <br />He advised that there was a general feeling that all municipalities should submit <br />t? resolution to the HemrZin rnwty Board which the Eoard could, in turn, submit <br />to the State Legislature to protest the inequities in market value which exist <br />throughout the State. Councilman Shaw thereupon offered the following resolution <br />and moved its adoption: