04/04/90 - Laserfiche WebLink

Home

Mayor Reimann called the meeting back to order at 8:45 p.m. David Baach - 6500 170th Lane N.W. - PIN 10-32-25-14-0020 - Stated that after listening to people tonight, he is glad that he only got an 8% increase in property valuation. David did inquire as to why Ramsey had an average 8% increase when the National inflation was at 4%. David inquired as to who and what precipitated the increase. Mr. Keefe stated that the valuations are based on what the market is paying. Mr. Keefe also noted that he had a good data base to work from as there were over 320 home sales in Ramsey last year. David Baach inquired if property values were raised to make up for what is not happening in River's Bend. Mr. Keefe replied that the rate at which River's Bend fills in has nothing to do with property values. Mr. Hartley stated that the water tower is being paid for by a combination of water rates and tax increment financing (TIF); TIF has something to do with property taxes, but only in River's Bend; the tax revenue generated by the increased growth in that area is being used to pay for the water tower versus going to the school district, city and county. River's Bend was assessed for it's share of the trunk line and water tower. Councilmember Pearson inquired if there are legal limits on how much a city can increase a property valuation. Mr. Keefe stated that there is no legal limit on how much property valuations can be increased; there previously was a law that set limits but it was abolished because it prevented properties that were valued substantially below the market from ever catching up to their correct market value. Gordy Starkey indicated that City Council, in it's capacity as Board of Review, cannot reduce the city's aggregate property valuation by more than 1%. Doloras Fleischer - 4249 Viking Blvd. N.W. - PIN 25-32-25-22-0003 (Fleischer's 2nd Addition) - Stated that the subject property is 42 acres in size and 4 acres is wetland; that last year's valuation was $77,400; this year it increased $97,000 to $174,000+; the subject property was recently rezoned from B-1 to R-1 Urban Residential. Mr. Keefe stated that he has the property size listed as 45 acres with 12% wetland; it is in the MUSA area and the value placed on it was $.09/square foot, versus $.10/square foot, because of the wetlands; this works out to approximately $3920/acre. Mr. Keefe recalculated the valuation to $145,000 based on Doloras Fleisher's information regarding the actual property size being 42 acres. Doloras Fleisher - Referred to previous discussions regarding the valuation placed on river lots in Oak Grove and noted that she recently sold a river lot in Oak Grove for $30,000; the valuation was at $32,500. David Tranby - 17220 Armstrong Blvd. N.W. - PIN 07-32-25-11-0004 - Stated that his property valuation card indicates a value of $150,000; his 1990 property tax statement indicates the property value is $234,000. Board of Review/April 4, 1990 Page 5 of 9