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Assessor Keefe stated that one reason why the adjustments haven't been made is that he has to look at the market facts and sales type data. He added he would have to see appraisals documenting loss of value and based on that, an adjustment could be made. Mary Ann Johnson, 15131 Jackel Street N.W., Ramsey (20-32-25-42-0026) stated there is a substantial increase in her property value and she inquked as to how Mr. Keefe arrived at the figures. Mr. Keefe stated that last year was the first year the City of Ramsey saw a change in the requirements for valuation. The ruling before was to be at 80% of the market value and last year it was changed to be as close to 100% of the market value as possible. Most of the neighborhoods were adjusted upwards last year; however, some were missed. Ms. Johnson stated that the value on their house is higher than the neighbor's houses and their's is not the "nicest on the block". If the value is based on sales, a house in the neighborhood sold in 1989 for $80,000. Everything is new in that house and this year it received a value of $74,200.00. After checking, Mr. Keefe found an error in computation and stated he would meet with Ms. Johnson and her value will be corrected. Arlan Enfield, 14810 Nowthen Boulevard N.W., Ramsey (26-32-25-11-0005) stated the he would like his property reassessed as he felt the value had jumped too much in one year's time. Mr. Keefe recomputed Mr. Enfield's property and discovered another error. He stated he would meet with him and get it corrected. Mike Larson, 6260 Highway #10, Ramsey (35-32-25-32-0013) stated a year ago he had met with Mr. Keefe and went through the property valuation. At that time, he was asking for a valuation of $96,000 but agreed on $107,800. This year the valuation is $117,000. He stated he's had to give rent concessions in the past year and with rent down and valuation up, he is asking for a reduction to $102,000 for 1991. Mr. Keefe stated there is an adjustment in value with the recent hook up to sewer and water. He also reiterated there has been a total reassessment done of commercial property. When Mr. Keefe repeated the size of Mr. Larson's building, Mr. Larson stated the square foot figure was incorrect. Mr. Keefe stated he would check the discrepancy in the square feet figure. He added that in 1991, the median was about 92% after assessment and prior to that the median was about 68%. Adjustments were made to get in line with what is happening in the marketplace. He added that with rental property, the assessor has to look at what is a typical rent figure for this type of building in the area, not what it's actually being rented for. Mr. Larson stated that his income is down and the 9% increase in taxes is tough for the owner to swallow. This amount can't be passed on to the tenants as they will move out. Mr. Keefe stated that since there is a disagreement as to the size of Mr. Larson's building, this discussion should be deferred to the follow-up Board of Review meeting to be scheduled. Gary Waller, 15067 Yakima Street N.W., Ramsey, (24-32-25-42-0035) stated he's lived in his house for 17 years and it's gone up 15.6% in value and the taxes went up 37% and he wants to know why. Mr. Keefe stated that value had only gone from $80,200 to $81,700. Board of Review/April 4, 1991 Page 4 of 8