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HomeMy WebLinkAboutBoard of Appeals and Equalization - 05/12/1998 UNAPPROVED MINUTES CITY OF EDEN PRAIRIE BOARD OF REVIEW TUESDAY, MAY 12, 1998 7:00 PM, COUNCIL CHAI\1BERS 8080 Mitchell Road, Eden Prairie BOARD OF REVIEW 11ZENIBERS: Chair Phil Olson, Vice-Chair N4ike Best, Annette O'Connor, Patricia Pidcock, and Carol Standal BOARD OF REVIEW`' STAFF: Director of Assessing Steve Sinell, Appraiser H John Sams, Appraiser H Barb Cook and Recording Secretary Jan Nelson ROLL CALL: All members were present. I. RECONVENE BOARD OF REVIEW The meeting of the Board of Review was reconvened by Chair Phil Olson at 7:00 P.M. Director of Assessing Sinell said by statute the Board of Review has 20 days to complete their work; consequently we will need to make decisions on all the outstanding issues today. Anyone not satisfied with the outcome may appeal to the Hennepin County Board of Equalization, as stated on the property valuation notice. II. ORDER OF BUSINESS A. APPROVE MINUTES FROM APRIL 22 AND APRIL 23 Olson noted that on the Xl nutes of April 23 the date in sentence 4, paragraph 2, page 1 should be changed to 1998. Sinell said the correct PID for Item 6 on page 2 of the April 23 Minutes is PID 19-116-22-11-0032. MOTION: Best moved, seconded by Pidcock, to approve the I\tinutes of the April 22 and April 23 meetings as published and amended. Motion carried 5-0. B. REVIEW ITEMS CONTINUED FROM APRIL 23 Olson said the items for those present at tonight's meeting would be considered first. 5. WILLIAM & DOROTHY GILK - PID 19-116-22-11-0031 BOARD OF REVIE«' MINUTES May 12, 1998 Page 2 6. AVILLI. M & DOROTHY GILK - PID 19-116-22-11-0032 Mr. Gill: said his property is on the proposed entrance and exit ramp as well as being on the Highway 212 corridor. He said the two lots combined are not worth what one is valued at. There is no opportunity for additional screening on the north side of the lots. He was not sure how they could get to a finished product on this property. He faxed the data to his attorney so they can ask 1\InDOT about taking of this property. He now believes the value should be set at $25,000 per lot. O'Connor asked at what price the lots are currently being offered. Gilk said it is a matter of making an offer; however, there has been no interest in the lots. O'Connor then asked how many showings there have been. Gilk said he didn't know. Sinell asked if they are on the list at $135,000 this year. Gilk said he didn't think so and noted that Bearpath refuses to buy hi n out of the lots. O'Connor asked if they are on the list of available lots with prices. Gill: did not know. Sinell said they are listed on Bearpath's list at more than $100,000. He said, while he would agree they are not worth that much, Colin Schmidt did some more work on comparables and discussed the lots with the Bearpath sales department who said they might sell the two combined for $130,000. Sinell suggested a compromise at $50,000 each. Gill: said that was too much because people won't even consider the lots. Pidcock thought Mr. Gill:had a valid point that at this point in time it isn't worth much until you can see what is happening with the freeway. She didn't think that anyone would purchase property that is on the ramp of a future freeway if there are other lots available. Olson thought they have some value to someone. Pidcock thought until they reach a more developed point in Bearpath, she didn't see anyone building on these lots. O'Connor agreed nobody would buy them and asked if they have considered donating the lots to the City. Crilk said he has to do something with them. Best said he looked at the two lots. He thought it makes sense to combine the two lots. Standal noted that the lots on Sunnybrook Road that back up to Hwy 212 sold. The problem with this is that Bearpath has such strict guidelines for home construction. O'Connor noted they have a very tough architectural committee. BOARD OF REVIENN' MINUTES May 12, 1998 Page 3 Pidcock thought the Bearpath requirements do not make the lots more valuable. She doesn't think they are worth that much today but it may be different in six months. Standal asked if there have been any offers on these. Gill:said John Vogelsbach said there has never been an offer on either of them. Smell said the lots have some value, perhaps as a speculative investment. Pidcock suggested $80,000 total for both as a fair compromise. XIOTION: Pidcock moved, seconded by Standal, to adjust the valuation of the Gills properties, PID 19-116-22-11-0031 and PID 19-116-22-11-0032, to $40,000 each. Motion carried 5-0. 12. XLAHMOUD YOLTSEFZADEH - PID 24-116-22-44-0043 Mr. Yousefzadeh said comparables 1, 2 and 3 have more amenities than his house. He has only two bedrooms on the top floor, and the cat-pet needs to be replaced. Pidcock asked how much value is placed on carpeting and flooring. Sinell said they assume all finished area has some covering. The three comparables were all built by the same builder. The builder of Mr. Yousefzadeh's house chose to put two over-sized bedrooms rather than three bedrooms on the main floor. He said Colin Schmidt found that the subject house is in normal condition except for a few items. Because of the poor condition of the patio, they assumed it had no value on the review appraisal. Standal asked if the comparables on Garrison Way have the same value as the Clark Circle location. Sinell said sales on Clark Circle tend to follow Garrison Way sales. The Travois road comparable has two bedrooms on the upper level. A discussion followed regarding sales of split-level homes with two bedrooms on the upper level. Yousefzadeh said he has less than half of his basement finished. The property next to him has recently been rezoned commercial. He thought Comparable 1 is in a better location and has more to offer. Best said there has been a 3%increase in the value of this property since 1994, and he thought the question we have to answer is whether the home is worth at least $130,000 today. By the information from the comparables and our own knowledge, we know it is worth at least $130,000 today. He thought similar properties going on the market today will be priced at $139,000 to $143,000. there may be some things that would need to be done to make this property BOARD OF REVIE«' MINUTES May 12, 1998 Page 4 current but would probably cost only $3,000-4,000 to upgrade. He thought the key is to go back to what we are constituted to do and that is to look to see if it is worth at least the value the City put on it after the review process. MOTION: Pidcock moved, seconded by O'Connor, to sustain the valuation of the Yousefzadeh property, PID 24-116-22-44-0043, at $130,100. Motion carried 5-0. 8. LAUREN LEIH - PID 08-116-22-32-0012 Ms Leih was not present. MOTION: Pidcock moved, seconded by Best, to sustain the valuation of the Leih property, PID 08-116-22-32-0012, at $229,000. Motion carried 5-0. 9. BARBARa ENGEN - PID 25-116-22-11-0042 Ms Engen was not present. Sinell said Ms Engen agrees the valuation should be reduced to $132,500. MOTION: Pidcock moved, seconded by Best, to reduce the valuation of the Engen property, PID 25-116-22-11-0042, to $132,500. Motion carried 5-0. 10. CAROL M. THOMPSON - PID 09-116-22-21-0011 Ms Thompson was not present. Sinell said Ms Thompson agreed the valuation should be reduced to $185,000. MOTION: Pidcock moved, seconded by Best, to reduce the valuation of the Thompson property, PID 09-116-22-21-0011, to $185,000. Motion carried 5-0. 13. COLLEEN CAVARA - PID 30-116-22-24-0005 APIs Cavara was not present. Sinell said the appraiser and Ms Cavara agree the valuation should be reduced to $235,000. N10TION: Pidcock moved, seconded by Best, to reduce the valuation of the Cavara property, PID 30-116-22-24-0005, to $235,000. Motion carried 5-0. 14. BARRY S. JOHNSON - PID 30-116-22-13-0009 BOARD OF REVIE«' MINUTES Mai, 12, 1998 Page 5 Mr. Johnson was not present. Sinell said Staff recommends the valuation of$133,100 be sustained. MOTION: Pidcock moved, seconded by Best, to sustain the valuation of the Johnson property, PID 30-116-22-13-0009, at $133,100. Motion carried 5-0. 15. MARK & GAYLA BELL - PID 30-116-22-13-0011 The Bell's were not present. Sinell said the appraiser and the Bell's agree the valuation of$128,000 is correct. MOTION: Best moved, seconded by Pidcock, to sustain the valuation of the Bell property, PID 30-116-22-13-0011, at $128,000. Motion carried 5-0. 16. STEVE & PAIVI OLSEN - PID 30-116-22-12-0003 The Olsen's were not present. Sinell said the appraiser recommends the valuation of$248,200 be sustained. MOTION: Pidcock moved, seconded by Best, to sustain the valuation of the Olsen property, PID 30-116-22-12-0003, at $248,200. Motion carried 5-0. 21. PAUL M. EDWARDSON - PID 21-116-22-42-0027 11/Ir. Edwardson was not present. Sinell said the appraiser recommends the valuation of$169,500 be sustained. MOTION: Pidcock moved, seconded by Best, to sustain the valuation of the Edwardson property, PID 21-116-22-42-0027, at $169,500. Motion carried 5-0. 22. HERMAN WIPPERFURTH - PID 16-116-22-33-0019 Mr. Wipperfurth was not present. Sinell said the appraiser recommends the valuation be sustained at $421,300. MOTION: Pidcock moved, seconded by Best, to sustain the valuation of the Wipperfurth property, PID 16-116-22-33-0019, at $421,300. Motion carried ,,,, 5-0. BOARD OF REVIE«' MINUTES May 12, 1998 Page 6 23. LINDA V. WEYER - PID 10-116-22-14-0182 24. LINDA V. WEYER - PID 10-116-22-14-0181 Ms Weyer was not present. Sinell said the appraiser and Ms Weyer agree the original valuations are correct. MOTION: Pidcock moved, seconded by Best, to sustain the valuation of the Weyer property, PID 10-116-22-14-0182, at $97,700. Motion carried 5-0. MOTION: Pidcock moved, seconded by Best, to sustain the valuation of the Weyer Property, PID 10-116-22-14-0181, at $97,700. 1l11otion carried 5-0. C. SIGN BOARD OF REVIEW DOCUMENTS Barb Cook distributed documents for the Board to sign. On behalf of the City Council, Sinell thanked the Board Members for the time they give as volunteers on the Board of Review. III. CLOSE MEETING MOTION: Pidcock moved, seconded by Standal, to close the meeting. Motion carried 5-0. Chair Olson closed the meeting at 8:00 p.m.