City of Grand Forks, North Dakota


	MINUTES/FINANCE COMMITTEE Monday, June 6, 1994 - 6:45 p.m. Members present: Kulas, McCabe, Shores. 1. Protest of assessor's 1994 valuation of property: a) John Cowger, 121 8th Avenue South Mel Carsen, city assessor, reported that this protest involves single-family home which received 10% increase by a neighborhood factor, with 1994 value at $115,600. He reported they have inspected the property and made a new appraisal, that the additional value due to remodeling can be exempt from taxation for a 3-year period, and were recommending a reduction in the assessor's 1994 value from $115,600 to $109,100. Moved by Shores and McCabe that the assessor's valuation of $115,600 be reduced to $109,100 due to approval of the three-year remodeling exemption. Motion carried. 2. Applications for 3-year remodeling exemptions: a) 520 Plum Avenue b) 121 8th Avenue South c) 2614 Chestnut Street Mr. Carsen reviewed applications for exemption with the committee, that applicants qualify, with any exceptions noted. Moved by McCabe and Shores that exemptions be approved per the assessor's recommendation. Motion carried. 3. Matter of bond for city auditor, mun.judge and assessor. Moved by McCabe and Shores that bonds as required by NDCC 40-13-02 be approved through the State Bonding Fund for the city auditor, municipal judge and assessor. Motion carried. Meeting adjourned. John M. Schmisek/af City Auditor Dated: 6/14/94.