►
Description
Minneapolis Local Board of Appeal and Equalization Meeting
https://lims.minneapolismn.gov/
A
B
Morning,
welcome
to
this
live
broadcast
of
our
virtual
meeting.
This
move
meeting
includes
the
remote
participation
of
members
as
authorized
under
Minnesota
statutes,
section
13
d,
dot
0
to
1
due
to
the
the
declared
local
health
pandemic.
For
the
record,
my
name
is
Neil
Anderson
and
I.
Am
the
chair
of
the
local
board
of
Appeal
and
Equalization
will
now
call
this
meeting
to
order.
The
open
meeting
law
requires
a
roll
call
vote
to
be
conducted
during
a
virtual
meeting
and
a
certification
form
will
be
completed
for
each
local
board
meeting.
B
C
B
Let
the
record
reflect
the
quorum
of
the
board.
Is
present
we'll
proceed
to
the
agenda,
a
copy
of
which
was
posted
for
public
access
to
the
city's
legislative
information
management
system,
which
is
available
at
L
I
am
s
dot,
minneapolis,
MN,
gov
members?
The
agenda
is
before
you
for
your
consideration
may
have
a
motion
to
adopt
the
agenda.
E
D
E
F
B
F
G
F
F
So
the
first
property
is
three
zero.
Two
on
East
bday
Mycoskie
Parkway.
This
was
the
home
of
the
owner
for
seven
years
in
December
there
was
a
water
pipe
burst
on
the
second
floor,
which
led
to
significant
water
damage,
standing
water
in
the
second
floor,
main
floor
and
basement
mitigation,
crews
were
brought
in
and
they
did
take
down
all
the
walls
and
floors.
Hopefully,
you
have
received
our
photos
of
the
current
condition.
The
current
estimates
for
the
repair
are
over
$450,000
just
to
get
the
home
back
to
the
previous
value.
F
This
property
generated
about
thirty
one
hundred
dollars
a
month
in
rental
income
before
the
damage,
and
it
just
needs
significant
amount
of
work
to
get
it
back
to
normal.
Again,
we
have
shelved
the
Calhoun
condos
project,
because
it's
just
not
tenable
at
this
time
and
I,
don't
think
that
it
would
be
for
at
least
five
years
before
we
would
try
to
do
that
again
with
these
three
properties
in
a
row.
B
F
F
F
F
H
E
B
F
F
The
previous
purchase
price
for
this
property
is
four
hundred
and
eighty
thousand
dollars
in
2008.
The
three
units
are
in
need
of
significant
renovation.
We
have
one
tenant
who
is
moving
out
this
week,
even
when
completely
rented
the
income
doesn't
support
a
price
anywhere
near
the
purchase
price.
We
needed
that
property.
F
We
needed
3017
to
make
calhoun
condos
a
tenable
project
and
current
owner
knew
that
at
the
time,
and
so
we
sort
of
had
to
pay
lien
in
excess
of
what
the
property
was
worth
and
have
lost
money
on
the
project
and
the
property
ever
since,
and
we
were
are
going
to
do
some
cosmetic
things
to
it
with
some
painting
and
perhaps
some
new
carpet
and
try
to
get
it
back
on
the
rental
market
and
hopefully
cover
our
cost.
But
we're
not
certain,
that's
possible.
E
F
E
H
Okay,
again
I'm
looking
at
the
packet
that
was
sent
and
there's
nothing
supporting
again,
the
value
and
and
I
is
the
reason
that
they
were
vacant.
Was
it
vacant
because
of
the
project
that
was
coming
online
and
you
didn't
want
to
have
tenants
in
there
or
are
they
vacant
because
of
the
condition
of
the
building?
I?
Think.
F
It's
a
combination
of
the
two.
We
had
very
difficult
time
getting
tenants
in
there
due
to
the
condition
of
the
building,
and
then
we
didn't
want
to
put
a
significant
amount
of
money
into
the
building,
because
we
were
going
to
go
forward
with
the
calhoun
condos
project,
but
it
ended
up
that
we
couldn't
build
the
project
as
high
as
we
would
have
liked
and
also
with
the
Kovan.
It's
just
not
a
not
tenable
to
do
it
at
this
time.
H
F
We
will
we
want,
but
we
we
wanted
to
reread
for
the
past
year
about
the
37,
teens
and
badge
and
we
couldn't
get
a
tenant
to
stay
in
that
property
at
all.
We
didn't
know
when
we
were
going
to
start
the
building
project.
We
have
hopes
by
2021,
but
we
haven't
had
anybody
renting
in
3017
for
a
while,
okay,
okay.
H
B
I
I
The
the
value,
the
assessment
that
was
made
when
the
purchase
was
done
was
for
294,000
and
every
other
property
I've
owned
I've,
seen
the
the
taxable
value
less
than
what
the
what
the
assessed
value
was
at
the
time
of
the
transaction
and
really
I'm.
Just
asking
to
get
my
my
tax
value
down
to
what
the
Assessor
values
the
house
that
I
have
I've
articulated.
K
I
I
I
J
B
E
E
I
B
M
M
M
M
M
The
woodland
homes
that
are
work
that
Setzer
mentioned
I
mean
they're
over
a
mile
away:
they're,
not
zoned
for
our
same
school
districts,
I
mean
I,
know
that
they
have
different
Assessors,
even
assessing
them,
so
obviously
Minneapolis
doesn't
see
them
in
a
like
minded
districting,
and
if
you
take
those
two
comps
out,
there's
just
nothing.
That's
that's
even
close
to
fit
to
that
price.
B
B
M
B
M
M
M
My
last
conversations
with
Susan
she
pointed
out
that
the
whole
building
is
being
classified
as
commercial
and,
in
fact,
as
we
submitted
permits
and
when
we
rebuilt
or
reconstructed
the
building
back
in
2016,
we
submitted
permits
to
turn
that
upstairs
into
a
a
residence
I
live
there.
Whenever
I
come
to
Minneapolis
to
visit,
my
family
I
live
down
here
in
Pueblo
happier
and
up
happier
up
there.
So
that's
it's
relevant
to
our
discussions
later
on.
M
As
you
look
at
the
income
approach
to
our
evaluation
and
we'll
come
back
to
this
in
a
minute,
please
in
the
minute
any
time
I
use
an
income
approach,
cost
basis
and
comparables
approach
on
each
of
those
approaches
to
valuation,
have
merit
and
can
be
argued,
and
so
I
just
took
this
average
of
the
three
to
come
up
with
my
recommendation
of
six
hundred
and
one
thousand
dollars
on
a
second
on
the
next
page.
You
see
the
income
approach,
you
can
see
that
we
are
in
asan
the
last
two
columns
from
the
right.
M
You
notice
that
I
make
an
adjustment.
You
know,
knowing
that
we
we
could
rent
the
upper
apartment
and
his
fare
for
the
city
to
give
some
value
to
that.
I
took
our
actual
rentals
from
2019
and
added
$1,100
a
month
for
a
one-bedroom
apartment,
which
is
which
is
the
space
upstairs
for
$82,000
a
year,
and
it's
you
know
an
hour
I
had
that
high
I
went
out
and
got
a
broker
just
to
make
sure
I
was
and
looking
at
this
properly
and
I.
M
He
gave
me
that
you
know
basically
just
customary
and
his
analysis
to
use
a
10%
vacancy.
We
haven't
been
vacant
on
the
commercial
space
which
is
downtown
bounced
down
stairs
in
the
last
year,
so
that
was
not
in
our
my
2019
actuals,
but
I
accommodated
a
vacancy
a
lot
in
a
Performa
analysis.
Here
bottom
line
is
when
you
add
back
interest
expense.
You
get
$25,000
worth
of
an
ally
for
evaluation
purposes.
M
When
you
add
the
arm,
the
the
apartment
to
its,
you
get
37,000
and
valuation
on
an
income
approach
of
forty
seven
thousand
four
hundred.
Seventy
three
thousand
dollars
valuation.
The
next
is
our
cost
basis
for
next
page
as
a
cost
basis,
evaluation,
it's
starting
with
a
purchase
price
and
five
hundred
and
twenty
thousand
dollars.
We
made
two
hundred
seventy
three
thousand
dollars
worth
of
improvements
with
a
cost
basis
of
seven
hundred.
G
M
Okay,
I
got
ya
so
when
you
subtract
1,100
square
feet,
which
is
you
know,
50
square
feet
that
we
had
to
cut
into
the
commercial
space
downstairs
in
order
to
make
a
separate
egress
that
complied
with
a
residential
space
and
the
thousand
feet
upstairs.
If
you
subtract
11
on
her
feet,
you
get
thirty.
Four
hundred
and
seventy
square
feet
upstairs
commercial
rental
space
when
I.
M
If
you,
if
I,
do
an
analysis
of
what
kind
of
okay,
so
what
I'm
getting
right
now
I'm
3470
is
$27
per
square
foot
and
I
think
that
the
city's
Assessor
is
thinking
I'm
getting
a
you
know
he
might
he
or
she
might
be
thinking
I'm
only
getting
22
square
feet
per
square
foot.
Thinking
that
I'm
getting
commercial
rent
upstairs,
which
I
am
NOT
I'm
in
fact
not
getting
any
rent
upstairs
that's
a
personal
choice.
M
Obviously,
since
I
live
up,
there
I
told
you
know
in
order
to
get
a
valuation
of
eight
hundred
and
thirteen
thousand
dollars.
I
did
an
analysis
and
I
would
have
to
be
getting
36
dollars
a
square
foot
for
my
commercial
space
best
to
simply
you
know,
125
thousand
dollars
a
year,
I
would
love
to
know
in
$65,000.
At
the
end
of
the
day,
net
operating
income
I
would
love
to
be
making
that
kind
of
money,
and
if
anybody
wants
to
pay
me
that
rent
I'll
take
it,
but
it's.
I
M
M
I'm
done
I
guess
you
know,
bottom
line
is
at
my
valuation
should
be
no
more
than
six
hundred
one
thousand
dollars
per
square.
Please
and
I
would
like
to
have
some
consideration
for
the
you
know,
the
the
classification
of
my
building
and
knowing
to
pass
a
working
process
with
a
combination
of
the
Zoning
Department,
as
well
as
the
assessor's
office.
Okay,.
B
B
B
K
M
M
M
What
we
learned
by
way
of
Suzanne
is
that
for
some
reason,
even
though
the
building
was
inspected,
they
never
closed
out
that
permit,
and
it
was
just
say
it
was
really
I,
don't
know
how
it
happens
on
the
rest
of
the
building
was
you
know,
approved
and
so
forth?
It
somehow
was
just
missed
it.
So,
yes,
I
do
actually
go
live
there,
part
of
the
year
and
it's
you
know
fully
functioning
yeah
got.
M
Thank
you
for
that
home
immediately.
You
know,
I
I,
think
you've
his
own
I
mean
we
started.
We
submitted
our
permits
to
make
that
a
residential
space
in
2016.
In
fact,
if
you
look
at
the
history
of
the
building's
use,
it
used
to
be
classified
as
a
multi-purpose
building
with
a
resident
upstairs
and
the
commercial
downstairs
these.
You
know
in
the
intermediate
time
somebody
turned
it
all
into
commercial.
When
we
looked
at
the
building
we,
you
know,
we
thought
maybe
we'd
have
an
apartment,
upstairs
long
story
short.
M
M
M
M
B
But
the
next
item
is
item
number
10,
3700
Lyndale
Avenue
South
case
number:
zero,
zero,
six,
four
nine!
The
applicant
is
a
representative
representative
of
Cielo
Investments,
Limited
LLP,
please
state
your
name
and
address
for
the
record
and
then
you'll
have
five
minutes
to
present
your
appeal
to
the
board.
G
K
Lynda.30
737
away
clean
there.
You
guys
raised
the
taxes
from
a
million
to
five
nine,
approximately
to
a
million
for
weight
and
3436
Lindale,
the
new
tax,
valued
for
2020
it's
and
a
million
124
there's
$300,000.
This
discrepancy
between
34
36
Lindale
and
the
other
two
lenders.
By
the
way
we
did
send
documents
for
3708,
Lindo,
I,
guess
that
that
will
happen
at
a
different
time.
K
We
feel
that
the
value
over
one
hundred
and
two
hundred
and
three
maybe
one
hundred
five
thousand,
it's
more
reflective,
which
is
the
value
at
34:36,
those
one-bedroom
units,
ten
one-bedroom
units
and
one
two-bedroom
units.
No
work
was
done.
We
didn't
do
major
renovations
or
outside
the
regular
makers
of
these
buildings
over
the
years
that
we
owned
them
and.
K
B
K
Which
is
right
now
you
increased
the
test
value
Linda
from
a
million
70
to
a
million
124,
the
other
tool
in
Dale's,
it's
a
million
for
48
and
a
million
for
50,
and
as
they
said
before,
they
are
exact
the
same
buildings.
They
will
build
by
the
same
builder
in
early
16
and
as
I
said,
we
did
not
do
any
kitchen
renovations
or
major
renovations
of
these
buildings
like
some
of
our
other
competitors,
they
did
their
buildings
in
our
town
and
we
feel
that
100
506
a
unit,
it's
more
reflective
than
million
for
for
weight.
B
F
K
K
We
feel
that
they
should
be
an
increase.
We
understand
that,
but
they
think
that
that's
a
very,
very
aggressive
increase
to
go
up.
Twenty
thousand
three
hundred
thousand
dollars
in
a
year
where
those
units
designed
for
low
income,
moderate
income,
people
and
and
some
student
housing,
the
square
footage
is
roughly
about
what
four
450.
G
K
K
Little
bit
more
than
some
of
our
competitors
there,
those
buildings
again
will
built
in
the
sixties.
No
major
renovations,
oh
well
done
there
early
maintenance,
daily
maintenance.
That
needs
to
be
taken
care
of.
We
understand
that
we
need
to
go
up
in
value,
understand
about
the
things
go
on,
but
we
think
that
it's
a
very
aggressive,
aggressive
jump
in
one.
You.
G
Just
primarily
that
we
really
have
worked
for
23,
I've
worked
with
mr.
seller
for
23
years.
He's
had
this
business
for
30
years,
and
we
predominantly
worked
for
the
low
to
moderate
income
families
for
a
lot
of
veterans.
We
help
a
lot
of
folks
and
with
this
aggressive
of
the
increases
it
doesn't
allow
us
to
continue
that
type
of
what
the
city
of
Minneapolis
is
looking
for
us
to
do.
We
can't
do
it
with
those
aggressive
increases
in
the
tax
fresh
checks
here.
So
please
we
would
like
you
to
redress
the
portfolio
questions
that
mr.
G
B
B
Seeing
none
we'll
move
on
to
item
number,
eight
Thank
You
mr.
Sela
and
miss
Gagne,
and
we
will
be
going
back
to
item
number,
eight
I
believe
the
applicant
is
or
the
property
addressed
as
3812
Upton
Avenue
South
case
number:
two:
zero
zero.
Five,
eight
six,
the
applicant
is
Lynn.
Do
it
please
state
your
name
and
address
for
the
record
and
then
present
your
appeal
to
the
board.
You'll
have
five
minutes
and
then
we'll
call
for
questions
from
the
board
members
go
ahead.
Miss
do
it
yeah.
N
Yeah
I
I,
put
together
an
appeal:
I
spoke
to
Andrew
Jones.
We
discussed
the
value,
but
she
did
not
have
time
to
get
to
this
one
before
the
local
board
I
my
valuation
I
had
looked
at
it
last
year,
I'm
a
residential
real
estate
agent,
with
Coldwell
Banker,
Burnett
and
I,
had
looked
at
the
valuation
last
year.
I
thought
it
was
a
little
high,
but
not
enough
to
get
me
to
do
anything.
This
year,
2020
value
went
up
again,
so
I
had
to
dig
into
it
a
little
bit
further
and
do
a
market
analysis.
N
N
One
thing
to
note
about
my
property
is
that
we
purchased
it
in
2002
and
have
not
done
any
updates
to
the
property
and
having
spending
most
of
my
time
in
the
residential
real
estate,
world
I
work
with
a
lot
of
buyers
and
the
Builder
the
profile
for
the
for
a
purchaser
for
my
property
is
more
likely
a
builder
or
a
flipper.
That's
looking
for
discount
properties
and
knowing
that
buyers
prefer
a
turnkey
type
property.
N
N
N
E
N
M
N
E
N
N
N
I
put
that
in
there
as
rent
was
1750
for
the
for
the
front
unit,
and
that
includes
heat
and
water,
and
the
back
unit
is
1350,
which
includes
heat
water.
Also
and
I
did
I
didn't
note
that
my
property,
my
units,
turned
over
last
year
and
I
actually
had
a
very
well
a
down
year
from
rental
income
standpoint
that
the
one
does
higher-end
unit
was
vacant
for
two
months.
In
the
end,
the
lower
end
unit
was
also
vacant
for
two
months.
So
from
that
standpoint
it
was
not
a
very
good
year,
but
it
did.
N
L
N
B
B
E
He's
got
information
here
that
repairs
would
be
at
least
450
thousand,
but
I
think
they
mentioned
that
that
isn't
everything
so
you
know,
based
on
that,
I
would
certainly
agree
that
there
needs
to
be
a
pretty
substantial
adjustment
and
the
property
value.
I
would
also
say
that,
in
addition
to
the
fix
up,
funds,
repairs
or
whatever
you
want
to
call
them,
there's
also
loss
of
use
to
be
taken
into
consideration.
So
I
would
certainly
look
at
a
possibility
of
reducing
the
value
by
a
pretty
significant
amount.
B
D
Does
anyone
on
the
board
have
good
information
as
to
what
land
value
alone
is
worth
right?
There
I
know
they
were
talking
about
tearing
it
down
so
I'm,
not
sure
the
condition
of
the
improvement
necessarily
should
result
in
a
diminution
in
value,
however,
that
that's
its
own
specialized
market
and
I,
quite
frankly,
don't
have
a
ton
of
good
information
on
that
as
far
as
land
value.
E
C
B
B
B
E
H
Yes,
I
understand
the
situation
that
they
overpaid
for
the
property
in
2017,
in
anticipation
of
a
land
assembly
of
eight
hundred
and
sixty-seven
thousand
five
hundred
and
left
the
units
in
disrepair
and
did
not
rent
them
so
that
there
could
be
a
land
assembly
in
the
development.
So,
although
it's
probably
a
little
high
from
the
standpoint
of
867
500,
but
with
with
with
what
they
did,
why
they
why
they
purchased
the
property
it
overpaid
it
and
why
they
didn't
rent.
It
should
be
in
consideration
of
any
adjustment.
Okay,.
G
B
A
A
B
M
Wonderful.
Okay,
thank
you
for
doing
this,
so
my
name
is
Joe
Abraham.
The
address
of
the
property
is
34
14,
Tyler,
Street
northeast
and
that's
all
the
information
needed
so
I
guess
don't
go
forth
mighty
I'll!
Try
to
keep
it
brief,
I
a
profit
loss
statement.
Hopefully
you
received
that
it
covered
the
last
two
years
and
a
comparison
as
you
can
see.
The
results
I
did
a
kind
of
a
quick
analysis,
even
in
a
very
aggressive
cap
rate
of
five
and
a
half
percent
the
value
of
this
property,
just
over
four
million
dollars.
M
The
last
two
years
I
know
I
were
about
two
hundred
twenty
four
thousand
two
hundred
and
twenty
one
thousand
and
and
that
excluded
capital
improvement.
So
it
didn't
even
include
things
like
appliances,
flooring,
cabinets
in
you
to
replace
not
strictly
ongoing
expenses
and
really
most.
Concerning
about
this
is
you
know
these
are
small
older,
a
little
bit
more
dated
building
and
we
really
strive
to
keep
these
affordable,
they're
all-natural,
cortical
housing
about
eighty
percent
to
market
rate
and
twenty
percent
of
the
residents
are
have
Housing
Choice
vouchers.
G
M
It's
a
really
difficult
to
sort
of
keep
them
in
that
affordable
category,
so
I
guess
my
appeal
is
one:
is
market
could
really
afford
to
keep
these
I
would
like
to
keep
these
affordable.
The
Noi
doesn't
supported,
so
all
those
expenses
would
need
to
be
passed
along
to
the
end
users
or
a
customer
here
and
I.
Just
I
can't
see
how
even
a
very
aggressive
cap
rate
of
five
and
a
half-
and
this
supports
the
proposed
amount-
so
guess
I'll
end
it
there
unless
I'm
happy
to
answer
any
questions
you
have,
though,
okay.
H
M
So
ideally,
we'd
keep
it
at
the
same
value
you
had
last
year,
which
was
4056
that
that's
about
a
four
that's
a
little
bit
more
than
a
five
point.
Five
cap
rate-
and
you
know
I,
also
realize
you
guys
are
you
know:
we've
got
to
look
at
the
market
value,
what
price
to
increase
to,
but
so
I
think
that
would
be
reasonable
and
still
at
the
cap
rate
and
still
allow
us
to
keep
these
rents
affordable.
Okay,.
B
N
Thank
you
so
so
to
the
board.
My
properties
valuation
was
set
several
years
ago
before
I
owned
the
property.
Just
over
two
years
ago,
the
property
was
listed
for
sale
publicly
on
the
MLS,
pursuant
to
a
listing
that
I
ultimately
bought
it
from
the
property
was
listed
for
I.
Think
in
excess
of
a
month
publicly.
B
B
M
B
N
B
N
B
J
L
B
L
L
It's
going
to
be
probably
about
a
17%
increase
in
our
payable
taxes,
which
is
a
horrendous
height
over
a
three
year
period
of
time.
We've
owned
the
property
making
about
five
or
six
years.
It's
an
old
building-
and
you
know
always
been
able
to
do-
is
sustained
value
or
sustained
and
upkeep
cost,
and
this
year
alone
we
put
in
probably
about
ten
thousand
dollars.
We
had
to
replace
a
look,
a
rough
replacement,
which
is
seventy
four
hundred
dollars.
Our
electricians
we've
had
them
there
multiple
times
that
succeeded
five
hundred
tree-trimming
every
year.
L
We
have
to
stake
out
the
system
to
the
city
sewer
because
the
tree
Brooks
growing
through
the
line,
snow
removal
yard
and
servicing
the
four
furnaces
for
the
four-plex
every
fall.
So
we
we
take
great
pride
in
providing
a
good
quality
with
the
place
for
our
tenants,
but
we
just
can't
sustain
the
continuing
property
tax
increases
year
over
year.
L
L
Also,
the
the
lentil
here
is
to
supplement
my
wife
and
my
retirement
income.
It
was
our
retirement
plan
and
it
just
becomes
more
and
more
difficult
on
with
good
responsible
landlords.
We
have
excellent
tenants
and,
if
they
ever
reach
in
need
of,
you
know
unable
to
pay
more
than,
but
never
one
to
miss
assisting
them.
So,
in
conclusion,
what
what
I
would
propose
is
that
we
hold
our
assessed
value
efforts,
20:19
assessment
at
six
hundred
thirteen
thousand.
L
B
B
H
L
M
B
B
B
P
My
name
is
Beverly
rollbacks.
Thank
you
for
taking
my
call
today
and
thank
you
for
taking
the
time
to
hear
me
out
here.
Okay
addresses
one
six:
nine
five
peninsula
driving
a
new
brain
in
Minnesota
and
I'm,
calling
in
about
twenty
five
forty
California
Street
northeast,
which
is
a
side
by
side
duplex
that
was
built
in
1966.
P
P
The
bathroom
is
original,
think
hanging
on
the
wall
that
somebody
built
some
kind
of
a
vanity
around
it.
That
happened
before
I
took
ownership
in
ninety
and
the
ceramic
tiles
that
are
there
were
there
back
then
as
well.
So
you
know
they're
original
too
we've
replaced
toilets
in
the
bathroom
for
water
conserving
that's
about
it
there.
P
P
The
windows
are
original
to
the
house.
My
tenants
are
putting
a
plastic
over
the
windows
to
keep
the
air
from
you
know
coming
in
in
the
wintertime
when
it
gets
cold.
So
you
know,
since
this
house
has
really
not
been
or
building
really
has
not
been
updated
at
all,
it's
been
mostly
maintenance.
Things
like
a
faucet
if
it
breaks
or
a
roof.
I
really
don't
feel
that
it's
increased
40,000
in
value
over
the
past
year.
So
that's
kind
of
what
my
appeal
is
about
today.
C
C
C
P
E
B
B
M
308
West
22nd
Street
101
B
here
in
Minneapolis,
so
the
the
biggest
thing
that
I
sort
of
looked
at
was
that
our
assessment
this
year
was
first,
the
I
think
the
valuation
jump
was
about
20
percent,
which
I
felt
was
somewhat
aggressive,
so
I
looked
into
it.
I
found
some
comps
right
in
the
area
there.
That
I
believe
supports
the
number
that
I
think
it's
closer
to,
which
is
about
3,
885
or
3
9,
and
that
range
the
one
of
the
cons
for
that
32:51
14th
Avenue.
M
M
B
I'm,
seeing
none,
we
will
move
on
to
item
number
21
1101
Spring
Street
case
number,
2
0,
B,
H,
0,
0,
1
3.
The
applicant
is
1101
spring
LLC
Jim
Auslan
is
the
representative
go
ahead
again
with
Rosalind
and
state
your
name
and
address
for
the
record
and
you'll
have
five
minutes
to
present
your
appeal.
M
So
this
one
again
like
the
pleadings,
we
saw
that
20%
increase,
which
I
thought
again
was
made
a
little
aggressive,
so
I'd
dug
into
it,
and
there
aren't
a
ton
of
comps
in
this
area.
It's
over
in
Beltrami
neighborhoods
are
nice,
but
just
based
on
what
the
rent
roll
is
there
at
the
moment,
I
don't
three
of
our
eight
units
in.
M
Had
longtime
residents
and
the
units
are
definitely
getting
getting
a
lot
more
tired
if
they
were
to
turn
in
their
current
condition.
The
rent
would
definitely
be
not
where
the
market
rent
is
I,
think
those
three
units
would
probably
need
you
know,
somewhere
in
the
neighborhood
of
twenty
to
twenty-five
thousand
dollars
in
renovation,
work
to
get
them
up
to
market.
M
The
other
units
in
that
building
are
one-bedroom.
Units
that
are
not
very
large
unit
can
have
a
kitchen
that
blends
right
into
those
right
into
the
dining
and
living
room,
they're
almost
play
studio,
style,
kitchen
living
rooms,
but
then
with
a
bedroom.
So
some
of
them
are
below
500
square
feet,
which
I
believe
also
kind
of
limits,
the
value
of
that
property.
M
M
M
They're
eight
units
in
the
Spring
Street
cooling,
the
ones
on
the
North
half,
are
a
little
bit
larger
and
the
four
on
the
South
half
are
those
smaller
styles
that
are.
We
still
have
a
separate
bedroom,
but
like
I
like
to
mention
the
living
and
teaching
and
kitchen
and
dining
all
kind
of
blend
in
the
one
room.
Okay,.
M
B
B
O
O
B
E
C
E
C
B
Any
board
members
have
any
comments
on
this
property.
This
is
the
property
that
the
owner
provided
an
appraisal
from
two
hundred
eighteen
thousand
four,
that
was
for
two
hundred
ninety
four
thousand
two
hundred
ninety
four
thousand
dollars.
It
was
four
thousand
dollars
higher
than
what
he
paid
for
it
at
that
time,
board
member
bland.
E
Well,
he
does
have
an
appraisal
here.
However,
I
noticed
that
the
cops
that
were
chosen
were
all
on
busy
streets.
We
had
France
and
I'd
lead
xerxes,
where
the
comps
and
there
were
no
adjustments
made
for
location.
So
that
would
be
one
question
about
the
ultimate
outcome
of
the
appraisal.
So
I
would
question
that
mm-hmm,
okay,.
B
E
E
B
B
B
B
H
E
C
A
A
B
B
B
H
H
E
B
H
H
B
C
B
D
Yeah
I
had
some
comments
on
this
one
and
was
looking
at
the
what
he
had
worked
up
here
and
it
sounds
like
this
one's
a
little
bit
convoluted
because
I'm
not
sure
the
property
is
classified
correctly,
I'm,
not
sure
what
what
certificates
of
occupancy
he
might
have
on
that
second
floor,
but
in
terms
of
what
he
provided.
His
cost
approach
is
not
a
cost
approach.
It's
it's
a
it's
a
priceless
renovation
analysis,
but
the
I
believe
the
purchase
was
two
years
ago
or
for
longer
four
years
ago.
D
D
If
you
apply
that
number
to
the
second
floor,
it's
obviously
different
but
I,
don't
it
seems,
like
there's
been
a
miscommunication
with
the
property
owner
in
the
city
with
how
things
are
classified
and
even
I,
don't
know
if
it
still
could
be
rented
as
an
office
which
would
bring
his
his
income
pro-forma
way
up
his
sales
that
he
provided
appeared
to
be
significantly
inferior
to
the
subject.
I
think
it's
a
pretty
nice
property,
that's
had
quite
a
bit
of
renovations
done,
particularly
to
the
commercial
space.
B
H
Guess
that
I
would
have
to
to
follow
a
board
member
tinker's
valuation
of
the
of
the
commercial
building.
From
the
standpoint
of
that,
isn't
my
expertise,
but
I
think
that
I
have
seen
confusion
with
with
different
statuses
of
buildings
within
the
city
that
are
are
a
juggernaut
to
get
changed.
So
I
think
that
that
should
be
taken
into
consideration
with
the
valuation.
E
Think
that
there
is
confusion
about
how
this
property
is,
is
zoned
or
at
the
attributes.
I
think
we
don't
have
enough
information
I
feel
to
be
able
to
make
a
judgment
based
on
not
having
that
discrepancy
cleared
up.
Based
on
that,
I
would
say
that
we
were
sustained
the
value
and
he
may
well
have
a
case
and
you
could
move
on
to
the
county
and
be
able
to
get
this
cleared
up,
but
I
think
without
knowing
exactly
where
things
stand
with
regard
to
residents,
commercial
I
think
we
don't
have
enough
information.
B
A
B
D
Yeah
the
property
owner
mentioned
I
think
his
concern
here
is
that
whether
this
property
is
equalized
with
the
property
is
very
close
to
it,
and
then
he
cited
some
other
properties
that
aren't
the
subject
here,
which
I
haven't
had
a
chance
to
review.
I,
don't
think
anyone
has
it's
difficult
to
comment
on
this
one
I'm
looking
at
what
its
assessed
at
and
that
that
price
is
not
out
of
line
for
what
I'm
seeing
in
the
neighborhood.
Obviously
apartments
and
in
Minneapolis
have
increased
radically
in
value
in
the
last
few
years.
D
B
H
Guess,
I
guess
that
looking
at
the
value
change
it
is,
it
is
not
dramatic,
based
on
on
what
board
member
tinker
is
saying
on
the
valuations
of
the
building.
I
do
I
think
as
if
we
get
through
some
of
these
other
ones
as
well.
I
am
concerned
about
being
fair
with
with
the
valuations
for
the
city,
taxation
and
equalization.
On
the
other
side
of
the
coin,
the
mandate
of
Minneapolis
is
to
have
low
low
income,
housing
or
better
rent.
E
D
I
just
wanted
to
comment
on
what
board
member
having
said
I
do
a
lot
of
apartments
and
I'm
constantly
hearing
about
this.
It
is
a
significant
concern.
He
is
right
when
the
city
raises
their
taxes
and
the
county
raises
their
taxes.
It's
passed
directly
on
to
the
tenants
for
the
most
part
and
real
estate
theory
holds
that
that
will
impact
properties
at
some
point.
D
If
you
keep
raising
the
rents,
people
will
eventually
move
out
and
move
to
someplace
that
they
can
maybe
afford
a
little
bit
more
easy,
which
will
have
an
impact
on
vacancy
which
people
will
start
building
into
their
models
when
they
buy
these
things.
But,
as
of
you
know,
it's
looking
at
the
GBA
market
report
and,
despite
all
the
increase
in
taxes
the
last
few
years,
that
average
vacancy
in
Minneapolis
is
still
under
5%
and
typically
that's
what's
applied
when
they
do
a
pro
forma
analysis.
D
As
long
as
people
keep
paying
more
for
these
properties,
the
assessments
are
gonna
continue
to
go
up,
and
it
does
feel
like
we're
on
a
collision
course.
Absolutely
I.
Don't
think
we've
seen
that
yet
will
we
see
in
the
near
future?
It
sure
seems
like
it,
but
yeah
I
just
haven't
seen
impact
on
vacancy
as
a
result
of
rent
increases.
Yet.
B
B
E
B
D
Yeah,
just
echoing
what
I
said
on
the
last
property,
which
will
essentially
carry
over
to
all
the
multi-family
stuff
for
a
lot
of
the
multifamily
stuff,
we
do
values
have
been
increasing
drastically
by
the
you
again
completely
sympathetic
with
with
the
property
owners
comments
as
to
what's
what
might
be
the
result
of
these
tax
increases.
I.
Just
don't
think,
we've
seen
enough
impact
yet.
D
Generally
speaking,
at
the
you,
a
lot
of
the
more
marginal
quality
properties
are
being
torn
down
and
wreaths
and
redeveloped,
which
is
you
know,
creating
a
problem
because
we're
losing
you
know,
units
that
can
be
leased
to
people
who
might
not
have
the
same
income
characteristics,
but
I
don't
think
they.
They
gave
us
anything
on
this
or
the
following
property.
To
suggest
that
there's
a
clear
and
convincing
evidence
that
the
Assessors
value
is
wrong.
E
Well,
I
would
agree
with
mr.
tinker
and
I
and
I
certainly
am
sympathetic
to
the
comments
that
were
made
regarding
this
property,
the
previous
property
and
the
subsequent
property
trying
to
provide
affordable
properties,
rental
properties
in
the
city,
so
I'm,
certainly
sympathetic
to
that
and
I
know
that
that's
an
important
part
of
what
what
needs
to
happen.
However,
on
none
of
these
we
have
seen
even
so
much
as
an
income
analysis,
simply
a
list
of
what
the
units
are.
E
B
E
C
B
B
B
C
B
J
L
J
G
B
Q
That's
me:
okay,
thank
you.
This
should
be
fairly
straightforward.
I
just
purchased
this
property
I
closed
this
morning
it
was
dead.
Eight
hundred
forty-one
thousand
I
purchased
the
property
for
seven
hundred
and
seventy
thousand,
and
that
came
with
a
fifteen
hundred
dollar
discount
from
for
a
correction
to
that.
I'm
gonna
take
care
of
so
really
it's
seven
hundred
and
fifty
eight
thousand
five
hundred
the
we
had
our
appraisal
done.
Q
We've
got
alone,
the
appraisal
came
in
at
seven
hundred
and
eighty
thousand
there
were
multiple
offers
on
the
property
we
originally
were
seven
hundred
and
fifty
thousand,
but
we
raised
our
price,
so
we
we
prevailed,
there
were.
It
was
on
the
market
for
several
weeks,
so
there
was
ample
opportunity
for
anyone
who
felt
it
was
worth
more.
So
it
seems
pretty
straightforward
that
the
value
should
come
in
at
seven
hundred.
Seventy
thousand,
because
that
was
the
open
market
purchase
price.
L
B
B
M
B
B
A
M
M
D
M
It
was
an
8
by
8
bump
out
the
back
and
we
pushed
it
out
to
16
by
8
to
accommodate
a
half
bath
on
the
first
floor
and
then
11
years
ago
we
remodeled
the
main
bath,
which
was
basically
a
superficial
remodel,
as
the
wrong-size
statement
same
window
stayed
the
same.
It
kept
the
old
bathtub
and
mostly
came
down
to
maintain
tile
and
flooring
sink
and
toilet.
M
G
M
M
Your
evaluation
has
our
house
at
five
hundred
ninety
eight
thousand
dollars,
which
comes
to
three
hundred
sixty
five
dollars
per
square
foot
I'm,
referring
to
the
two
comparative
market
analysis
that
we
sent
to
you
in
one
report,
you'll
see
that
there
are
12
pounds
for
approximately
the
assessed
value
of
our
house
and
every
one
of
those
jobs
are
considerably
larger
than
our
house
averaging
more
than
50%
larger,
the
average
price
per
square
foot
of
those
homes
is
216
dollars
per
square
foot.
Do
you
apply
that
to
the
square
footage
of
our
home?
M
The
value
should
come
in
at
three
hundred
and
forty
Webster
and
in
fifty
four
thousand
dollars
and
the
other
report
you'll
see.
Eight
houses
recently
sold
in
our
neighborhood
that
are
similar
in
slightly
over
1,700
square
feet.
Every
one
of
those
houses
sold
for
400
something
thousand
dollars
every
June,
439,000
average
price
per
square
foot
of
these
homes
is
two
hundred
and
fifty-seven
dollars
per
square
foot
began
the
harvest
value
to
three
hundred
and
sixty-five
per
square
foot.
M
You'll
notice
on
that
second
report,
that
there
are
two
houses
that
are
particularly
relevant
to
our
case
has
they're
within
a
block
and
they're
on
the
same
street
that
we
live
on
and
I
similar
to
our
house
when
I
was
home
sold
for
four
hundred
and
fifteen
thousand
and
forty
two
thirty
five
thousand
considerably
less
than
our
houses
purported
value.
So,
in
short,
that's
my
case.
B
J
O
B
D
D
On
most
of
these
apartment
properties
I'm
a
little
confused
by
this,
because
in
one
of
the
appeals
they
gave
us
a
full
income
rigged
up
that
wasn't
redacted.
But
on
most
of
these
apartments,
everything
is
redacted
and
I
know
the
property
owner
for
this
one
gave
a
stated
Noi,
but
that
there's
you
have
to
look
at
the
assumptions
behind
that
Noi.
What
the
what
the
occupancy
was,
what
the
rents
were,
what
the
operating
expense
ratio
is,
if
any,
if
any
expenses
typically
considered
below
the
liner
included
in
expenses.
D
O
Chair
anderson
and
board
member
tinker
minnesota.
We
are
not
able
to
share
income
and
expense
information
with
anyone
other
than
with
Assessors.
So
when
the
information
comes
to
us
in
this
virtual
setting
electronically,
we
are
responsible
for
redacting
all
the
income
and
expense
information
that
we
find
that's
been
submitted.
O
O
Chair
Anderson
and
board
member
tinker.
Yes,
the
county
is
currently
working
on
their
process
right
now
and
because
they
have
to
have
a
little
bit
more
time,
they
do
not
convenient
to
believe
it's
June
15th.
There
should
be
a
process
in
place
for
which
the
board
members
can
receive
all
of
the
information
the
appellant
wishes
them
to
receive.
D
Okay,
perfect,
perfect
I
would
just
if
there's
any
way
to
ensure
that
can
happen.
I
want
all
these
property
owners
to
get
a
fair
shake
if
they're,
given
it
if
they're
giving
income
information
that
we
can't
see
so
I.
Just
I
just
wanted
to
note
that,
because
it's
gonna
make
a
lot
of
these
apartment
appeals
very
difficult,
because
we
don't
have
anything
to
correlate
any
sale
data
that
they
provide.
So.
D
The
the
current
assessed
value
I
believe
is
nate
is
ninety
three
thousand
a
unit
which
is
not
out
of
line
for
what
we
see.
I
did
a
property
in
very
close
proximity
to
this
and
and
I
believe
the
value
was
that
believe,
it's
sold,
I
should
say
for
for
about
considerably
higher
than
that.
Ninety
three,
but
it's
hard
to
know
with
with,
without
seeing
what
kind
of
rats
he's
getting
there.
So
I'd
like
to
hear
what
the
other
board
members
have
to
say.
Okay,
thank
you.
H
There
we
go
yeah,
we
go
no
now
we're
on
full
speed.
Yeah
I,
think
the
you
know,
I
agree
with
with
both
the
chair
and
board
member
tinker.
That
800,000
is
is
a
very
hefty
increase
and
without
seeing
supporting
information
and
just
shoving
this
off
to
Hennepin,
County
I
think
is,
is
not
responsible
for
this
board.
So
I
would
like
to
make
some
sort
of
an
adjustment.
Please,
okay,.
B
E
Tend
to
agree
with
mr.
tinker
that
in
mr.
havoc
that
it
appears
to
be
a
pretty
substantial
increase.
However,
information
was
not
provided
to
help
us
make
a
determination.
I
would
I
would
hope
that
the
property
owner
would
choose
to
belong
to
Hennepin
County
and
provide
that
information.
Perhaps
an
Assessor
could
time
for
the
Assessor
to
come
out
and
actually
view
the
property,
or
at
least
do
a
desktop.
We
haven't
even
seen
an
income
analysis
so
based
on
that,
and
that
there
is
not
really
evidence
provided
for
us.
E
D
It
says
there
are
certain
circumstances,
such
as
appeals
and
bullying,
involving
contamination,
values
or
income
producing
properties
which
may
require
more
than
the
given
time
for
the
Assessor
to
review.
In
such
cases,
a
local
board
may
decide
to
vote
no
change
and
forward
the
appeal
to
the
county
board
of
Appeal
in
Equalization
further.
It
says
there
also
may
be
circumstances
involving
complicated
Appeals
in
which
the
board
may
review
the
information
presented
and
not
be
able
to
determine
if
the
Assessors
value
should
stand
or
if
the
property
owners
evidence
justifies
a
value
or
class
change.
D
If
the
board
is
faced
with
a
situation
in
which
it
is
not
sure
how
to
rule
based
on
the
facts
presented,
the
proper
decision
would
be
no
change
in
these
instances.
The
board
should
keep
in
mind
that
the
taxpayer
can
appeal
to
Tax
Court,
so
I
just
wanted
to
state
that
I
know
it's
a
little
bit
confusing
and
hard
to
go
through.
Some
of
these,
with
the
information
we've
been
given,
I
think.