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appreciation as long as the Adult Book Store is in existence. There have been no sales In that vicinity since the book store started, so he cannot determine the effect of the book store on the surrounding property valuations. At some point in time when some of those properties are sold, he will be able to measure the Impact of the book store on the property values. Richard Wolend, 6726 137th Avenue NW, 34-32-25-42-0006 - stated it is at the point where there are a lot of parcels for sale in the area, but they are not selling since the book store has been in existence. The residents feel the assessor has increased the value of their property significantly; however, his study says there is a significant decrease in property values resulting from such businesses In an area. He asked If the Council would move Into a neighborhood to raise children that is next to a porno shop, or if they would bring their children to a day care center which is next to a porno shop. Based on the study and based on the loss of business for the child care center, they believe their property values have decreased significantly. They are praying the City Council will understand and emphathlze and move to reduce their valuations by 25 percent using their valuations just before the book store went In as the base. (Mayor Gllbertson arrived at this time, 7:22 p.m.) Mr. Wolend felt the immediate area Is affected and should have the valuations reduced, that area being within a three- or four-block radius of the book store. Mayor Gllbertson asked If the residents are willing to take the chance that the County Board may even increase their valuations rather than reduce them. Mr. Wolend didn't feel their valuations would be raised. He had Anoka County assess his home 18 months ago. His is the most expensive home In that area, and the valuation is about what he paid for it. He asked that the City support the residents, that the City and the residents work together. He again noted the request to lower their valuations by 25 percent, realizing It is a tough decision for the Council. Mr. Keefe felt that If there Is to be a reduction, each parcel should be re-evaluated. The commercial property has already been re-evaluated, but he was worried about the accuracy of the valuations in the residential areas. He again noted the problem of not being able to prove an adjustment until something has sold in that area. Mr. Keefe aisc stated he has a problem with the tax freeze that has been requested by those residents. BOARD OF REVIEW FOLLOW-UP/APRIL 10, 1991 Page 3 of 7