Lögberg-Heimskringla - 17.12.1993, Page 4

4 • Lögberg-Heimskringla • Föstudagur 17. desember 1993
By Roger Newmari
If the Town of Gimli is ever des-
perate for money, it could raise
about $3.2 million by selling the
21 pieces of property it owns.
That is the total value of town-
owned properties according to
provincial officials who have recently
completed their new assessment list-
ings for 1994. They have calculated
that town properties are worth
$3,262,200, or $149,200 more than
their $3,113,000 value when these
same parcels were last reassessed in
1990.
The town doesn’t pay taxes on its
properties, but the assessment figures
can be used as a guide if town offi-
cials decide to dispose of some of
their land. They can gain some satis-
faction from the overall assessment
increase, but probably are less happy
about the declining value of some
individual properties.
For example, the assessed value of
Gimli’s town hall on First Ave. has
dropped by $17,700 in the past three
years. Its estimated worth is currently
$70,200 compared to $87,900 in
1990.
Also dwindling in value are Gimli’s
public works garage on Fifth Ave. and
the lift station on Fourth Ave. The
assessment on the garage has been
reduced to $80,700 from $90,300
while the lift station is listed at
$74,200 compared to $93,300 at the
time of the previous reassessment.
Going downhill as well are the val-
ues of the Evergreen Library and the
Town-R.M. of Gimli fire hall. The
libraiy at $184,900 is worth $15,800
less than its $200,700 value three
years ago. The fire hall, meanwhile, is
assessed at $91,000 which is down
$10,600 from the 1990 figure of
$101,600.
On the brighter side, the Viking
statue property on Second Ave. has
risen in value to $27,700 from
$21,000 since the last
assessment. But the
biggest increase in assess-
ment value has taken
place at Gimli Park on
Fourth Ave. where the
new figure is $370,700 or
$76,500 more than the
$294,200 for 1990.
Glenn Leskiw, the
provincial assessor for
Gimli, has told town offi-
cials that the park increase stems in
part from a reassessment of the build-
ings. The pavilion was previously
rated as a sub-standard building but it
has been upgraded to the same classi-
fication as a well-constructed cottage.
The stage and washrooms have also
been included as buildings and the
land has been changed from residen-
tial property to reflect its real use.
Leskiw also said the town beach
has gained eight per cent in value in
the past three years. “Generally, all
Gimli property values are appreciat-
ing,” he said. “Residential lots in the
older section of town are now worth
$23,000 to $25,000 compared to
$19,000 in 1990. And in the
Vesturland subdivision, lots that
started out at $13,000 are valued at
$21,000 today.”
Another big assessment increase of
$54,800 is listed for the town’s rela-
tively new public parking lot which is
comprised of three lots on Second
Ave. It has a current assessment value
of $112,800 compared to $58,000 io
1990. According to Leskiw, the high-
er assessment stems mainly from the
reclassification of the three lots from
residential to commercial.
Also showing increased values on
the new assessment roll are Gimli
Memorial Hall ($92,700 from
$88,200); the town-owned Icelandic
Festival Building ($53,700 from
$39,400); and town property in the
harbour area ($261,200 from
$211,300). But the assessment of
Vesturland Park remains unchanged
at $42,400).
The town holdings constitute only
a small percentage of the $43 million
worth of publicly and privately-
owned properties in Gimli.
Courtesy The Interlake Spectator
Gimli's famous White Rock
and (beiow) Viking Statue.
r
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