HomeMy WebLinkAbout19720510_edina_board_of_reviewMINUTES OF THE CONTINUED MEETING OF THE
HELD IIEDNESDAY, MAY 10, 1972, at-5:OO‘P.M.
EDINA BOARD. OF REVIElJ .
EMNA VILLAGE HALL -
Councilmen Courtney, Shaw and Van Valkenburg, acting as Mayor Pro Tem in the
absence of Mayor Bredesen, served as Board of Review for the meeting continued
from May 3, 1972. Messrs. Jphn and Fred W. Hedberg and their attorney, Mr.
Kenneth Anderson, were present to protest the market value placed on their
property which is located generally between Southdale Center and Interstate
.
follows :
Parcel
800
1200
2800
4800
- 5300
6400
6 800
I Highway 494, East of France Avenue. Hedberg properties were reviewed as
1970 Value 1972 Value Proposed Changes
$ . 276,000 I $ 370,000 $ 294,000
225,000 270 io00 No Change
1,125,000 . 1,280,000 1,175,000
555,000 720,000 576,000
75,000 100,000 No Change
123,600 . 147,000 No Change
’ . 123,600
Totals $2,503,200
Per Acre 27,720
147,000
$3,034,000
33,600
- No Change
$2,709,000
30,000
Mr. Swanson advised that the 1970 values which had been revised as a result
of an appeal by the Hedbergs was still in contention. He added that the over-
all average market value had been set at $30,000 per acre and that the value ’
of land along Fratce Avenue had beep set at a higher value than other pro-
perties. Mr. Aziderson advised that the Assessor is not permitted to establish
value based on potential zoning and said that present zoning is R-1 Residential
District with the present use of mining having been established many years ago
by ordinance. He recalled the case of the Minneapolis Golf Club in which
St. Louis Park had attempted to assess the golf course property at $17,000 per
acre and in which the court held that the property was only worth $4,000. Mr.
Anderson said that Hedbergs cannot get the yield from their mining business
to pay taxes at the rate of $1,000 per acre and suggested that the Yorktown
development has lessened the value of the property inasmuch as uses which
would generate high traffic would probably-npt be allowed this close to the
Yorktown area. Mr. John Hedberg said that he believed that if his property
was included in Yorktown, the Assessor’s value would not be far off. He
added that his property still has a significant deposit of sand and that they
can continue mining for someztime, whereas other properties in the area.
which had been sold to Yorktown had been mined out. Mr. Hedberg said that he
does not believe that R-1 zoning is the ultimate zonPng for this property
but that some coqgyi$e should be made in the market value. Councilman
Shaw questioned/F e cost of the Minneapolis-Golf Club property was
realistic and noted also that.the Hedberg property is included in the South-
east Edina Comprehensive Plan.
Mr. Hedberg objected also to the $945,000 market value placed by the Assepsor
on his new 44 unit apartment building at 4000 Parklawn and produced records
indicating that the total cost of land and the structure was $696,000, not
including the cost of contracting which was done by Mr. Hedberg himself.
pointed out that the rental history of the apartment units was poor, with only
50% occupancy and compared market cost with the market cost of his other
apartment buildings in Bloomington.
notified of the dedision of the Board of Review by May 22, 1972.
I
’
He
The Hedbergs were told that they will be
Mr. Swanson then advised that he had reviewed the assessments which had been
previously presented to the Board 0.f Reviexvand had made revisions on the
following three properties as follows :
Owner owner’s Value 1972 Assessment Recommendation
John L. Jones $48,000
5500 McGuire Road
Roland C. Danielson 81,000 81,000 ’ 85,000
6209 Loch lfoor Drive
G. M. Stenson Not Stated 61,900 58,300
5811 Bywood Vest
No further business appearing, the meeting was adjourned at 6:20 p.m. andl
continued to May 17, 1972, following the 7:OO p.m. Special Co/uncil Meeting.
I $49,000 . $51,600 I
-A’ QM d I’ LLAB1-4
Village Clerk