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Total estimated market value in Preston up nearly 10 percent


Mon, Apr 27th, 2015
Posted in Preston Government

Fillmore County appraiser Heidi Knepper briefed the Preston City Council at their April 20 meeting on assessed property value changes in Preston and the county. No one from the public was in attendance for the 2015 Local Board of Appeal and Equalization, so there were no questions or challenges to assessed property values.

Knepper pointed to one new rule to maintain assessment uniformity, a measurement “between low and high value properties to determine equitability.” With this rule some higher value properties were discovered to be under appraised and some lower value properties were discovered to be over appraised. Some newer, larger homes may see an increase in the square foot rate. Values on under appraised properties increased 10 percent and values on lower valued properties decreased 10 percent.

Preston’s total estimated market value for all property within the city (except exempt and public utility) is $70,428,500. This is up 9.79 percent from the 2014 assessment total which is one of the largest increases in the county. The increase of total market value county wide is 0.16 percent and for all cities is 1.75 percent.

Knepper explained that Preston was reassessed last year. The total value of new construction is $2,037,400 which includes actual new construction and some value that had not been picked up previous to last year’s assessment. About $740,000 of the new construction value is residential and nearly $1.3 million is commercial. Large commercial projects include new construction by Preston Dairy and Farm and Bluff Country Manufacturing.

Ag land values (A tillable) stayed steady for two years in a row at $7,400 per acre, first time since 2001 when it was valued at $1,700 per acre. B and C soils decreased by $100 per acre and recreational land decreased by $300 per acre. Pasture, woods, and waste land increased by $100 per acre.

Other business in brief

•Ambulance director Ryan Throckmorton reported that the ambulance service had two AEDs that were not in use since they purchased two 12-lead cardiac monitors with integrated defibrillators. When they purchased the cardiac monitors they were offered $250 for each AED as a trade allowance. Throckmorton recommended keeping the AEDs within the community offering them for sale to local businesses for $500 each. Both F & M Bank and Preston Golf & Country Club have expressed interest in purchasing an AED. He e .....
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Housing incentive applications approved

Mon, Apr 13th, 2015
Posted in Preston Government

At the April 6 Preston City Council meeting three applications for 2015 housing incentives were approved. The incentive program is a partnership between the Preston Economic Development Authority (EDA), Preston Public Utilities, city government, and ..... 
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Preston Foods loading dock

Mon, Mar 9th, 2015
Posted in Preston Government

In a relatively brief meeting of the Preston City Council on March 2, a variance request from Brad Hoiness on behalf of Rush Properties was granted to build a loading dock back of the Preston Foods grocery store. Planning and Zoning at a Februar ..... 
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Preston renews housing incentives

Mon, Feb 23rd, 2015
Posted in Preston Government

At a relatively brief meeting of the city council on February 17 the Preston housing incentives were renewed for 2015 as recommended by the Economic Development Authority. The incentive program is a partnership between Preston EDA, Preston Public ..... 
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Informational signage for Preston discussed

Mon, Feb 9th, 2015
Posted in Preston Government

Revisiting an old issue about the need for lighting on Preston’s south entrance sign morphed into a discussion about an informational sign to direct visitors downtown during the February 2 meeting of the Preston City Council. Jim Bakken, Public ..... 
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Preston Community Foundation took center stage at PACC annual meeting

Mon, Feb 9th, 2015
Posted in Preston Government

On Wednesday, January 21, 2015, Will Mensink, representing the Preston Area Community Foundation, was the guest speaker at the Preston Area Chamber of Commerce annual meeting held at the Branding Iron in Preston. Mensink addressed an audience of app ..... 
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Preston refinances 2007B bond

Mon, Jan 26th, 2015
Posted in Preston Government

Mike Bubany, David Drown and Associates, in his capacity as Preston’s financial adviser, recommended refinancing the General Obligation Improvement Bond issued in 2007 (Valley Street & Corn Cob Acres area project) at the council’s January 20 m ..... 
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Preston discusses possible meeting schedule changes

Mon, Jan 12th, 2015
Posted in Preston Government

The regular meeting time for the Preston City Council was discussed at the January 5 meeting. Re-elected Mayor Kurt Reicks and councilmen Charles Sparks and Robert Maust recited the oath of office as they began their new terms. Reicks said they ..... 
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2014, a busy year in Preston

Mon, Dec 22nd, 2014
Posted in Preston Government

The Preston city council at their December 15 meeting, the last in 2014, concluded its business for the year. City administrator Joe Hoffman maintained that this has been a very busy year with a number of different projects. The largest of these b ..... 
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