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City Assessor Wirz said commercial and industrial structures went up 8%, but land values went up more than the structures themselves. County Assessor Thurston said there is no protection for land speculators or investors who let the land lie and don't farm it like is given farmers. Mr. Jack Menkveld, 737 E. Main, Plat #89228, Parcel #600 and Plat #89228, Plat #0010 Mr. Menkveld said he had a couple of different parcels that are involved. He questioned the 31 acres which were market valued at $89,800. city Assessor Wirz said the valuation on these 31 acres went from $59,800 to $89,8O0. Mr. Menkveld said he didn't feel the economic atmosphere was the same when the sale of this parcel took place as it is today. He said the other parcel behind it went up $23,000 and the two parcels together went up some $50,000+. Mayor Gamec said it appears that the valuations went up 40% or greater in all cases on just raw land. He asked what would happen next year. City Assessor Wirz said what happens next year depends on land sales. He said he was trying to catch up and he is still not up to what the sales are indicating. Councilman Sorteberg said if there are just a few parcels being sold, he didn't know how they could be used to base the valuations. City Assessor Wirz said there are more than just' a few sales. Mr. Roger Meyer, 7250 - 175th Ave. N.W., Plat 989227, Parcel ~1800 Mr. Meyer said he had two lots next to the landfill. One of the lots went up in valuation from $35,100 to $70,000 and the other went from $38,000 to $76,000. He explained that his hands were tied. until something was done about the landfill. He said he was told when he bought the lots that in 1980 to 1982 and landfill would be filled. He said he had a 4-plex lot in Fridley and a lot on a lake that didn't increase this much. He said he thought the valuations should be equalized with the rest of the county. Mr. Bob Neary, Plat #89224, Parcel #1210, Plat ~89224, Parcel ~300, Plat #89224, Parcel #600 Mr. Neary questioned the raw land increases on Parcel #1210, which went from $31,300 to $58,700, Parcel #300, which went from $8200 to $20,200 and Parcel ~600 which went from $20,600 to $38,600. He indicated that Parcel #1210 had a substantial amount of drainage. He said he couldn't object if these increases were representative of what is going on for the whole city. He asked what classified a land "agricultural',. City Assessor Wirz said a land is classified ".agricultural" if it is tilled and has a certain amount of income from produce, right off the land. City Assessor Wirz said he felt Plat 91300, Parcel' #0440, Lot 1, Block 5 is a buildable lot. City Administrator Schnelle said the only people who can determine whether a lot is buildable or unbuildable is the City Council. Board of Review May 22, 1980 Page 3