12/12/90 - Laserfiche WebLink

Home

NOTE CITY COUNCIL MEETING MINUTES The following City Council meeting minutes were duly noted: 1990. 1) 2) City Council public hearing and special meeting minutes dated September 5, City Council regular meeting minutes dated September 10, 1990. COMMISSION BUSINESS Case #1: Expired Terms and Vacancy on the Economic Development Commission. Commissioner Hardin was congratulated on his election to the Ramsey City Council. According to City Charter, a member of City Council may not simultaneously hold a seat on the advisory commissions. Motion by Commissioner Gorecki and seconded by Commissioner Muller to accept the resignation of Commissioner Hardin effective December 31, 1990 and to authorize advertisement of commission vacancy. Motion carded. Voting Yes: Chairman Wagner, Commissioners Fults, Gorecki, Hardin, Muller, Nelson, Vevea and Zillinger. Voting No: None. Absent: Commissioner Greenberg. Motion by Commissioner Hardin and seconded by Commissioner Muller to recommend to Ramsey City Council, the reappointment of Commissioners Darryl Fults, Steven Gorecki and Donald Greenberg to the Economic Development Commission. Motion carried. Voting Yes: Chairman Wagner, Commissioners Fults, Gorecki, Hardin, Muller, Nelson, Vevea and Zillinger. Voting No: None. Absent: Commissioner Greenberg. Case #2: Presentation by City Assessor on Commercial Property Tax. City Assessor John Keefe gave a brief history of property taxes and the evolution of the various classifications of property in the State of Minnesota. The property tax value based system is very stable and inexpensive to administer, especially compared with income and sales taxes. The State of Minnesota determines the percentage of tax to be paid. The local assessor determines the class and property value and the school district, county and city establish a local mil rate. It is the responsibility of the assessor to assure consistent assessments and is required to be as close to 100% of the actual value as possible. The assessed market values can be adjusted by the County or State if the value ratios are incorrect. There are three approaches that can be used to arrive at market value; the cost approach, the market approach and the income approach. Cost and market approaches am the primary way to arrive at a value for residential properties. The income approach is used for commercial properties and is generally the most accurate for income property. Assessments are subject to review if the property owner disagrees with value determined by the assessor. There is a Board of Review at the City level, the County level and the State level. For the most part if, at the first three levels the property owner is not satisfied, the final recourse is tax court. Economic Development Commission / December 12, 1990 Page 2 of 4