Laserfiche WebLink
<br />October 18, 1982 <br /> <br />The Honorable Tom Garnec, Mayor <br />City of Ramsey <br />15153 Nowthen Boulevard <br />Ramsey, Minnesota 55303 <br /> <br /> <br />Subject. Property Values in Ramsey <br /> <br />Dear Mr. !':ayor, <br /> <br />Referencing our recent conversation, we wanted to go on record <br />conveying our feelings in regard to the low-cost housing being <br />built in Ramsey and the resulting reduction in home values for <br />existing properties. ~e think this is a very serious M~tter-- <br />by allowing low-cost housing to be built you are putting a lid <br />on your tax base while limiting the realistic ceiling on existing <br />dwellings for tax purposes. <br /> <br />In reviewing the reasons for permitting low-cost housing, we <br />feel that the State of iiJinnesota means well by insisting that <br />areas be made available for such housing but that they do not <br />want anyone injured, financially, because of the requirement <br />for the housing. We feel we are being injured irreparably by <br />allowing this low cost housing to be constructed in our <br />immediate vicinity: our current resale value is being severely <br />impacted and we are not being permitted to enjoy the inflation <br />that our property should realize annually. We are restricted <br />by the value of the houses being built in our area and by the <br />deplorable house-keeping of the outside properties of many of <br />these low-cost buildings. Unfortunately, low-income housing <br />means the people don't have enough for the house payment let <br />alone enough to buy lawn-mowers, grass seed, or house paint. <br /> <br />As a further consideration, we have watched the assessed evaluation <br />of our home escalate each year since we have lived there. We now <br />ask that this escalation be revised to properly reflect the <br />declining value of our home and property due to the declining <br />value of the neighborhood. If we are going to be fair to the <br />disadvantaged, we have to consider what injury is being done <br />to the people already living in an area and treat them fairly, <br />too. So please let us know what kind of a tax reduction we can <br />expect in 1983. <br /> <br />Thank you for allowing us to voice our opinion. We look forward <br />to finding out how much of a tax reduction we can expect in 1983. <br /> <br /> <br />. ncer1)~~ <br /> <br />vV.~ <br />mes D.. Ac ers <br />!~aren W. Acers <br />8600 176th Ave N.W. <br />Ramsey, Minnesota 55303 <br />