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7 <br /> i <br /> i <br /> VILLAGE PROPERTIES <br /> 2500 ,, 39Th Avo- &vz NE <br /> Miriw.&poliis, SIN 55421 <br /> September 13 , 1993 <br /> Roaevi lle City council <br /> City of Rosevi l l e <br /> Roseville, XN 55113 <br /> Re : Assesoment for Improvement P -92 -03 <br /> PIN 0 5 -2 9 - 3-21e-0071 <br /> D&ar Mayor and Council Xember s ; <br /> d <br /> We own the eleven unit apartment building 36ocataad at <br /> 3,020 Old Nigb ay Be This property is the subJect of <br /> t o special a s ses sment referenced above e bJc t <br /> to the proposed aaseagment and hereby submit our <br /> objection t the public Nearing being bald cn <br /> September 23 # 1993 . <br /> The basis for' our objection i a <br /> Nil. The improveme at did not add any value to the <br /> proparty t0 Gerve as a basis for additional tax$tiQL . <br /> In f act using the income approach to property <br /> valuation, the approximate annual payment of $ 300 * 00 <br /> reduces the market value of the property by $ 3 00 0 ,, 0 0 i <br /> 'Abe improvement does not justify rent increase-W to <br /> offset the assessmento <br /> 2 , We u uders t and that improvemie'nt s to 9 t at a aid <br /> roads are nit assessed to single family residential <br /> propert i s l e We feel that the proposed a s s e s gment s <br /> to mu�.tifamily residential property discrimfnata0 <br /> against a housing class that is already payf inn <br /> significantly more that its prorata share of . real <br /> estate taxes . <br /> Based on these objections , we request that you wa #.ve <br /> the referenced assessment <br /> I <br /> That ou f <br />