HomeMy WebLinkAboutCity Council - 06/23/1971 - Village Meeting MINUTES
EOEW "RAIRIE VILLAGE COWICIL
°:ednesday, June 23, 1971 3:30 p.m., Vi l l age Hall
Members presents were: Mayor Osterholt, Councilmen Haugen, Hesbitt and
Redpath. Also present were Manager George C. tiite, Assessor Kenneth 11.
Ch;7mbers, Roy Johnson, Chief Appraisor and Assistant to the County Assessor
and Gary Ramacher of the Personal Property Department of the County
Assessor' s Office.
REQUESTS OF TtSE BOARD OF REVIE'l
I. Mr. Don McGlenn, President of The Olympic Hills Golf Club presented his
views on the assessment of the Club House and Improvements that were
added in 1970. Mr. McGlenn based his opinion that the total estimated
value of $623,700 was 1/6th too high and should be reduced accordingly.
The Assessor then gave a breakdown of the total estimated market value as
f of 1 ows:
Club House $230*900
Irrigation System $1000000
Blacktop Surfacing $ 29400
Maintenance Building $ 36,600
Land $253,800
:...
Mr. McGlenn objected only on the club house and irrigation system portion
of the assessment and felt that the maintenance building, blacktop surfacing f
and land were valued fairly. After a discussion and review of costs of
other club houses and watering systems in the metropolitan area it was T
decided by the Board to make a reduction of $30,900 on the club house and
t
$39*000 on the irrigation system. d
II. Mr. l-latter Carpenter of Minnesota Tree was present to voice his views on
the manner in which his small tools and equipment are being depreciated.
At the present time, equipment like chain saws and small hand tools are
being depreciated on a five year life. Small tools and equipment that have
longer life spans are given a ten year life. It was Mr. Carpenter's
contention that the chair► saws and other hand tools have shorter life spans
than five years and that his other equipment and tools do not last the ten
years. It was decided by theBoard to give a six year depreciation schedule
for all toots and equipment this year. Rext year, however, the Board
recommended that Mr. Carpenter keep a record of what tools and equipment
wear out faster and should be depreciated accordingly. The 1971 estimated
market value was $4,920. After the Board's recommendations, the estimated
market value is $4,491, amounting to a $429 reduction.
The Assessor then gave an analysis of 1971 valuations. There were 143 changes
in value, consisting of the following; 42 new homes, 4 industrial buildings,
1 office building and i golf club house. The remaining 95 changes were
additions, garages, decks, basement finishing etc. These changes totaled
a
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Board of Review Meeting
June 23, 1971
'sage Two r
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$4,130,829 in estimated market value, $1,376,943 in true and full value,
and $ 519,467 in assessed value. This increase represents approximately
5% of the present assessed value. At the present time, the Village has
$9,774,067 assessed value of Real Property plus the new increase equals
$10,293,534 assessed.
'ersonal :'roperty equals $1,140,856 assessed value plus $13€3,932 assessed
value increase for 1971 totaling to $1,279,780 assessed value. The total
assessed value (both Personal and Real Property) is as follows:
Real Property $10,293:534
Personal Property $, -1`279,788
1971 Total Assessed Value $i 1,573,322
These figures are subject to the changes by the Board of Review and also
abatements in process.
Meeting adjourned at 9:45 p.m.
Edna M1: Holtr4ren, Cl er