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Menard Inc. Property Tax Appeal Stipulation of Settlement Copyrighted March 6, 2023 City of Dubuque Consent Items # 011. City Council Meeting ITEM TITLE: Menard Inc. PropertyTaxAppeal Stipulationof Settlement SUM MARY: Senior Counsel transmitting notice of a stipulation of settlement and the proposed settlement agreement for a property tax appeal filed by Menard I nc. for their property located at 5300 Westside Drive. SUGGESTED Suggested Disposition: Receive and File DISPOSITION: ATTACHMENTS: Description Type Agenda Letter Staff Memo Stipulation of Settlement Supporting Documentation Notice of Voluntary Settlement Supporting Documentation Barry A. Lindahl, Es�. Dubuque Senior Counsel THE CTTY OF „ Suite 330, Harbor View Place uHl�enaCiry 300 Main Street ' ' Dubuc�ue,lowa 52001-6944 �� � ������,���� (563)583-4113 oftice �� (563)583-1040 fax 2007•2012 ba�es��«��tyot�Ub���ue.o�-a Masterpieee on the Mississippi 2o,3.Zo1, Office Hours: 8:00 AM—5:00 PM,T-W-Th 8:00 AM— 12:00 PM,F AGENDA LETTER February 24, 2023 Mayor and Members of the City Council President of the Board of Directors of the City of Dubuque Northeast lowa Community College City Hall P.O. Box 400 50 West 13th Street Calmar, IA 52132 Dubuque, IA 52001 Chairperson of the Chairperson of the Board of Trustees Dubuque County Board of Supervisors Dubuque County Hospital Dubuque County Courthouse Sunnycrest Manor 720 Central Avenue 2375 Roosevelt Street Dubuque, IA 52001 Dubuque, IA 52001 Chairperson of the School Board Chairperson of the Council of the Dubuque Community School District Dubuque County Agricultural Extension Central Administration Offices Service 2300 Chaney Road 14858 West Ridge Lane, Suite 2 Dubuque, IA 52001 Dubuque, IA 52003 Chairperson of the Conference Board of the City of Dubuque City Hall 50 West 13t" Street Dubuque, IA 52001 RE: Menard Inc. vs. City of Dubuque Board of Review 2021 Property Tax Appeal Enclosed is a copy of the Stipulation of Settlement regarding a tax assessment appeal filed by Menard, Inc. with the Property Assessment Appeal Board. lowa Code Sec. 441.44 requires that the Stipulation of Settlement be served upon each of you. I There is one property that is the subject of this appeal. The property is located at 5300 Westside Drive Dubuque, IA 52003.The appeal is for the January 1 , 2021, assessed value. Proposed Settlement After reviewing appraisals provided by each party and negotiations between them, the parties have reached a proposed settlement agreement. The tentative settlement is for an assessed value for January 1 , 2021 , of$9,850,000. Pursuant to the Stipulation of Settlement the appeal will be dismissed, and the assessed value will be adjusted to $9,850,000 for the January 1, 2021, year. The value for 2021 will be apportioned as follows: Land $2,021,630 Building $7,828,370 Total $9,850,000 The total tax loss to all taxing bodies is estimated to be $5,861. The proposed settlement will be presented to the Property Assessment Appeal Board after fourteen (14) days from the date indicated on the attached Notice of Voluntary Settlement. If there are any objections to the settlement they should be made known to the Property Assessment Appeal Board prior to that time. If you have any questions about the proposed settlement, please contact City Assessor Troy Patzner at (563) 589-4919. Very sincerely, � Barry A. Lindahl, Esq. Senior Counsel ; Enclosure Attachment cc: Michael C. Van Milligen, City Manager Adrienne N. Breitfelder, City Clerk Troy Patzner, City Assessor 2 i I�WA PROPERTY ASSESSM�IdT`APPEAL BE)ARD PAAB DOCKET NO. 2021-43�-00130C PARCEL NO. 1E?3212801� ) M�NARD, 1N�, � Appeflanf ) } � vs. � } } CITY OF DUBUQUE BQARD {JF ) REViEW. � � Ap�ellee � __ � STEPULATIC}N QF S�TTLEMENT Fiaintiff and Defendant state to ti�e Board that the pending appeal wfth rec�ard fc� the t�x assessment for the fallowing-describ�d property as of January '1, 2021: (Parcel Na. 143212&095� has been se�ttled and agraed upon as foilovvs: Valuation: Land Value: $2,021,63� Buildinq Value: $71828�370 Total Valu�: $9,85(�,000 it is furf�er agreed that the Valuation of $9,85�,000.00 shall be effective for January 1, 2021. It is iurther agreed that upon entry of an Order confirming the abova sett€ement� the above pending appeaf shaif be dismissed with prejudiGe and the casts shall b� paid by F�laintiff. Dated�his�day of� -� 1.���, 2023. � � t I i I i MENARD, INC. CITY OF f]U�UQUE BQARD fyF R�1!!EW .-'�' � `/ ' By:�����' �,,; f� �- I Mi hael S. Koziczf, Esq. Barry A, Lindah(, Esq. I Attorney for Appeilant Counsei for the City af Dubuque Soard of Review i 2 I I I IOWA PROPERTY ASSESSMENT APPEAL BOARD PAAB Docket No. 2021-031-00130C Parcel No. 1032128015 MENARD, INC., Appellant, vs. CITY OF DUBUQUE BOARD OF REVIEW, Appellee. NOTICE OF VOLUNTARY SETTLEMENT TO: City of Dubuque, lowa County of Dubuque, lowa I Dubuque Community School District Northeast lowa Community College Dubuque County Hospital Dubuque County Agriculturai Extension Service Conference Board of the City of Dubuque YOU ARE HEREBY NOTIFIED, pursuant to lowa Code Section 441.44, that the above-named Appellant and the City of Dubuque Board of Review, Appellee, have entered into a voluntary settlement of this assessment appeal. A copy of the proposed Stipulation of Settlement is attached hereto. This Stipulation of Settlement will be presented to the lowa Property Assessment Appeal Board for approval no sooner than fourteen (14) days from the date of this Notice. Dated this ��day of _��'Q�v�^ , 2023. CITY OF DUBUQUE BOARD OF REVIEW Appellee. , By: Ba A. Lindahl, Esq. Sui#e 330, Harbor View Place 300 Main Street Dubuque, IA 52001-6944 (563) 583-4113