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will be revising the valuation to allow part of the home as crawl space. Council took no action. James Acers - PIN #05-32-25-32-0008 - 8600 176thAvenue N.W. - Mr. Acers stated that his 1988 property valuation increased $5,000 to $100,200 and he disagrees with the contint~.ng rise in property valuations. Mr. Acers stated that many h~nes in the neighborhood, comparable to nis, are valued in the high $70's to mid $80's. Mr. Acers noted that he has 2600 square feet. Mr. Wirz noted that a home comparable to Mr. B~ers's, in that neighborhood, is valued at $111,000; sharp increases in property valuations are not uncxm~non this yearbecause of the raise in replacement cost values. Council took no action. Michael & Michelle Pomeroy- PIN #25-32-25-13-0013 - %4582 Waco St. NW - Michal Pomeroy stated that he built his home in September of 1987 for $118,000 and now his 1988 property valuation is $149,700; comparable homes in the neighborhood are listed for $134,000-$139,000 and they are not selling. Mr. Wirz stated that he has reduced the Pomeroy classification to a 4 and that is as much as he can reduce it without out knowing the Pomeroy's total construction costs. Mr. Pomeroy presented an it~nized list of his construction costs and stated that his bank appraised the home at $128,000. Mr. Pomeroy stated that he previously owned a comparable home in Andover and the property taxes were $1244/year; in Ramsey his taxes will be $3100/year. CityCouncil suggested that the Pomeroy's take their case to the County Board of ~qualization. RECESS Mayor Reimann continued the Board of Review to Tuesday, May 3, 1988 at 7:00 p.m. The Board of Review recessed at 8:12 p.m. Respectfully sut~itted, Sylvia Frolik Secretary City Assessor Page 3 of 3