Res 1990 - 28 Requesting Dakota County to Reduce Property Market Value Assessments within the Furlong's Addition of MHCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 90 - 28
RESOLUTION REQUESTING DAROTA COUNTY TO REDIICE
PROPERTY MARRET VALUE ASSE3SMENTS WITHIN THE
FURLONG�S ADDITION OF MENDOTA HEIGHTS
WHEREAS, the City of Mendota Heights desires that all parcels
within the community be appropriately valued for purposes of
property taxation, and
WHEREAS, within Dakota County the Dakota County Assessor's
Office has the responsibility to administer the property market
value assessment system, and
WHEREAS, there exists within the City of Mendota Heights a
residential subdivision formally recorded as Furlong's Addition,
and
WHEREA3, recent statements provided by residents in the
subdivision confirm that the salability of property within the
subdivision has suffered due to conditions which can be identified
and described as "curable functional obsolescence", and
WHEREAS, on May 2, 1990 the City of Mendota Heights opened its
1990 Board of Review for the purpose of reviewing market value
assessments made by Dakota County for valuations which will affect
future property taxes, and
WHEREAS, market valuations within the Furlong's Addition
appear to not reflect true values within the area due to reasons of
curable functional obsolescence.
�
NOW THEREFORE BE IT RESOLVED that the City Council of Mendota
Heights requests that the Dakota County Assessor's Office reduce
the property market value assessments within the Furlong's Addition
by application of the following formula applied to each residential
and vacant parcel:
1. Reduce current market value of land by $5,000 however
resultant land value should not be less than $1,000.
2. Structures - Other improvements should be reduced in
market value by ten percent.
3. Total reduction in market value assessment, due to curable
functional obsolescence, should not exceed $15,000 total
per parcel.
1
4. Items 1, 2 and 3 as set forth above shall apply
independently of any other reduction in market value. The
owner of the residential unit may be entitled to for
reasons other than the curable functional obsolescence
referred to herein.
5. Market Value reductions authorized via this Resolution
are not intended to impact any future negotiations for
property purchase within the Furlong's Addition by any
governmental unit. .
BE IT FURTHER RESOLVED that the Dakota County Assessor's
Office should individually change parcel values as necessary to
insure that assessment records are correct.
Adopted by the City Council of the City of Mendota Heights this
15th day of May, 1990.
ATTEST:
�n
thleen M. Swanson
City Clerk
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
gy ��S �. /���'
Charles E. Mertensotto
Mayor