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<br />CENSUS TRACT <br /> <br />502.03 <br /> <br />REAL ESTATE TAXES AND ASSESSMENT <br /> <br />The Assessors Estimated Market Value and the Real Estate Taxes are as follows: <br /> <br />2003ASSESSOR'S ESTIMATED MARKET V ALUE: <br /> <br />2004 REAL ESTATE TAXES: <br /> <br />. LAND: <br />BUILDING: <br />TOTAL: <br /> <br />$16,700 <br />$82.000 <br />$158,700 <br /> <br />Tax: exempt <br /> <br />HISTORY <br /> <br />The subject property has been in the possession of The City of S1. Paul (Water Service) <br />for a ni1mb~r of years. No recorded transfers of ownership have occurred within the past five year <br />period. <br /> <br />ZONING <br /> <br />The portion of the subject property lying in Lino Lakes is zoned R-l, Residential. The <br />portion lying in Centerville is zoned PI - Public/Semi-private. ; <br /> <br />The R -1, Residential zoning for Lino Lakes requires a minimum lot size of 10,800 square <br />feet 'with a minimum setback from the high water mark of Centerville Lake of 75 feet. The <br />existing dwelling on the subject site is in violation of this setback requirement. The existing use <br />is allowed as a non-conforming use. If the dwelling were destroyed more than 50 %, the city could <br />require that the property comply with the existing requirements of the ordinance. We have <br />assumed that the owners of the subject property would adjust the width of the utility easement <br />across the subject site to accommodate the construction of a new single family dwelling. <br /> <br />The PI - Public/Semi-private zoning by the city of Centerville is designated for Some type <br />of public or institutional use and it would be very questionable that a rezoning to another use <br />would be allowed. We have however, valued the property at its highest and best use, which is <br />considered to be single family residehti?1. <br /> <br />"'""~~ ......,.,,, .... '....::.-. ,.,-::::'.-.__h.~...__'"_:3;?__~___y..~_".~~_.,!';~~~~~1.;tg.~~k~~1t!~~:-;'~~E.{~";--"~~~~#.~",;;B:i:'.~::_;;c":;~~:Z~~':s.:'~~_~~~~~E~1~;~~~:~:;~Z~~';g~';;~T: <br />~~Ej.X;,;:~.t~~~~~~~~:f'-"~;;:[.:~~:t.,G::'~;~~'-:~~';.:::;~~~t~~:~~i:-e4f;J"'i:~'":;':;:;'~_~:.=-~~1.""::"~~.~:;.,,:.\:.;;'~::';':~~:,?':' _ _ _ _ ~ _ _, <br /> <br />15 <br />