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HomeMy WebLinkAboutBoard of Appeals and Equalization - 05/10/2016 UNAPPROVED MINUTES EDEN PRAIRIE BOARD OF APPEAL AND EQUALIZATION TUESDAY,MAY 10,2016 7:00 P.M., CITY CENTER Council Chambers 8080 Mitchell Road BOARD MEMBERS PRESENT: Lyndon Moquist, Chair; Annette O'Connor, Vice-Chair; Kristin Rial, Nate Thompson, and Todd Walker BOARD MEMBERS ABSENT: None CITY STAFF PRESENT: City Assessor John Sams. Staff Appraisers: Dave Buswell and Jon Thompson. Hennepin County Assessor's Representative Earl Zent.Assessing Technician Lisa Ramsey and Recording Secretary Jan Curielli. I. CALL MEETING TO ORDER The meeting was called to order by Chair Moquist at 7:00 p.m. II. ORDER OF BUSINESS A. Approve Minutes from April 21, 2016 Board of Appeal and Equalization Meeting MOTION: Rial moved, seconded by O'Connor to approve the minutes of the April 21, 2016 meeting of the Board of Appeal and Equalization. Motion carried 5-0. B. Review Appeals Continued from April 21, 2016 Sams said the staff recommendation is printed in red on the list of appeals. Appeal#4—Eden Prairie Development, 14301 Martin Drive Sams said the assessor and the property owner have agreed to reduce the value to $34,900,000. Walker asked on what basis the value was reduced. Sams replied when he originally looked at the property it was the first year it was complete, there was no opportunity to inspect, and no income or cost information was available. He did inspect the BOARD OF APPEAL AND EQUALIZATION MINUTES May 10, 2016 Page 2 property after the Board's first meeting and also reviewed the financial information. The value was reduced based on the income approach and the cost information provided.He noted they found a comparable property in Bloomington. Walker asked if the income was based on lease revenue. Sams said there are some vacancies at the property now;however, they expect that will change, and staff plans to look at this again next year. MOTION: Walker moved,seconded by Thompson, in Appeal#4 to reduce the value to$34,900,000. Motion carried 5-0. Appeal #5—Cole PM Eden Prairie MN—11200 Prairie Lakes Drive Moquist said the information staff requested was not provided,so the Board must affirm the original value. MOTION: O'Connor moved,seconded by Thompson, in Appeal#5 to affirm the value at$3,558,000. Motion carried 5-0. Appeal#20—Glenn Schultz, 7431 Bittersweet Dr. Moquist noted the owner agrees to the original value. MOTION: Walker moved,seconded by Thompson, in Appeal#20 to affirm the original value at $193,400. Motion carried 5-0. Appeal#21 —Edenvale Property Owner, 7600 Executive Dr. Moquist said the review appraisal determined a value of$7,849,000, and the owner's representative disagrees. The staff recommendation is to affirm the original value of$7,287,000. MOTION: Rial moved, seconded by O'Connor, in Appeal#21 to affirm the value at $7,287,000. Motion carried 5-0. Appeal#22 —LSOP 2 MN,LLC,7660 Golden Triangle Dr. Moquist said the review appraisal determined a value of$6,277,000, and the owner disagrees with that. The staff recommendation is to affirm the original value at $6,073,000. MOTION: Walker moved,seconded by Rial, in Appeal#22 to affirm the value at $6,073,000. Motion carried 5-0. Appeal#24—MTS Systems Corp.. 14000 Technology Dr. BOARD OF APPEAL AND EQUALIZATION MINUTES May 10, 2016 Page 3 Moquist said the assessor and the property owner's representative agree to no change in the original value. MOTION: O'Connor moved,seconded by Rial, in Appeal#24 to affirm the original values ofPID 15-116-22-22-0011 at $15,371,000 and PID 15-116-22-21- 0005 at $2,222,000. Motion carried 5-0. Appeal#26—Dorothy Severson, 10660 Northmark Dr. Moquist said the assessor and the property owner agree the value should be reduced to$255,000. MOTION: O'Connor moved,seconded by Walker, in Appeal #26 to reduce the value to$255,000. Motion carried 5-0. C. Sign Board of Appeal and Equalization Documents The Board members signed the Board of Appeal and Equalization documents. III. ADJOURN THE 2016 BOARD OF APPEAL AND EQUALIZATION MEETING Chair Moquist adjourned the meeting at 7:16 p.m.