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LBAE Resolution No. 2021-01 Resolution No. 2021-01 Approving the Equalization of Assessed Valuations of Real and Personal Property as Recommended by the Local Board of Appeal and Equalization for 2021 Whereas, the Local Board of Appeal and Equalization (LBAE) convened and conducted a public hearing on May 10, 2021 to consider appeals to the classification and/or estimated market value (EMV) assessment of properties located within the City of Fridley (City); and Whereas, the EMV is an overview of the 2021 assessments and informs the LBAE of the compliance with State laws and regulations pertaining to the reappraisal and analysis of market conditions; and Whereas, the property owners listed in Exhibit A either resolved their respective appeal regarding their property with the City Assessor or attended the LBAE meeting on May 10, 2021 to appeal the classification and/or EMV assessment of their properties within the City; and Whereas, following the completion of its hearings, the LBAE fixed and approved the assessed EMV to each property listed in Exhibit A and submitted the same to the City Clerk; and Whereas, the LBAE was unable to reach consensus regarding those appeals listed in Exhibit B, preserving the right of those appellants to appeal to the Board of Appeal and Equalization for Anoka County; and Now, therefore be it resolved, that the Local Board of Appeal and Equalization of the City of Fridley hereby accepts and approves the 2021 report of the City Assessor; and Be it further resolved, that the Local Board of Appeal and Equalization hereby approves the adjustments in estimated market value outlined in Exhibit A; and Be it further resolved, that the Local Board of Appeal and Equalization hereby acknowledges and affirms those properties outlined in Exhibit B, preserving the rights of those appellants listed therein to proceed to the Board of Appeal and Equalization for Anoka County. Passed and adopted by the City Council of the City of Fridley this 10th day of May, 2021. _______________________________________ Scott J. Lund – Mayor ATTEST: Daniel Tienter – City Clerk Exhibit A Estimated Market Value (EMV) Changes Parcel Original Adjusted Property Identification 2021 2021 No. Owner(s) Name Property Address Number EMV EMV 1 ASHRAF, LLC 7513 Able St. NE 12-30-24-22-0024 $260,100 $243,100 2 ASHRAF, LLC 7553 Able St. NE 12-30-24-22-0021 $259,800 $242,800 3 Andy Zheng 1632 Rice Creek Rd. NE 13-30-24-44-0002 $440,000 $425,000 4 5 6 7 8 9 10 Exhibit B County Board of Appeal and Equalization Acknowledgements Parcel Identification No. Property Owner(s) Name Property Address Number rd 1 WIP Petco, LLC 753 53 Ave. NE 23-30-24-44-0009 2 Home Depot 5650 Main St. NE 22-30-24-41-0007 3 IH2 Property Illinois, LLP 170 Craigbrook Way NE 03-30-24-43-0034 4 IH2 Property Illinois, LLP 6171 Kerry Ln.NE 13-30-24-43-0048 5 6 7 8 9 10