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Menard Inc. Property Tax Appeal Stipulation of Settlement ApprovalCity of Dubuque City Council Meeting Consent Items # 011. Copyrighted March 20, 2023 ITEM TITLE: Menard Inc. Property Tax Appeal Stipulation of Settlement Approval SUMMARY: Senior Counsel recommending approval of the stipulation of settlement for a property tax appeal filed by Menard I nc. for their property located at 5300 Westside Drive. SUGGESTED Suggested Disposition: Receive and File; Approve DISPOSITION: ATTACHMENTS: Description Agenda Letter Stipulation of Settlement Type Staff Memo Supporting Documentation Barry A. Lindahl, Esq. Senior Counsel Suite 330, Harbor View Place 300 Main Street Dubuque, Iowa 52001-6944 (563) 583-4113 office (563) 583-1040 fax balesq(_a-,cityofdubuque.or Office Hours: 8:00 AM - 5:00 PM, T-W-Th 8:00 AM - 12:00 PM, F OF THE CITY V DUtB E Masterpiece on the Mississippi Dubuque *Awrincity 2007-2012 2013-2017 AGENDA LETTER February 24, 2023 Mayor and Members of the City Council President of the Board of Directors of the City of Dubuque Northeast Iowa Community College City Hall P.O. Box 400 50 West 13 th Street Calmar, IA 52132 Dubuque, IA 52001 Chairperson of the Dubuque County Board of Supervisors Dubuque County Courthouse 720 Central Avenue Dubuque, IA 52001 Chairperson of the School Board Dubuque Community School District Central Administration Offices 2300 Chaney Road Dubuque, [A 52001 Chairperson of the Conference Board of the City of Dubuque City Hall 50 West 13 th Street Dubuque, IA 52001 Chairperson of the Board of Trustees Dubuque County Hospital Sunnycrest Manor 2375 Roosevelt Street Dubuque, IA 52001 Chairperson of the Council of the Dubuque County Agricultural Extension Service 14858 West Ridge Lane, Suite 2 Dubuque, IA 52003 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. Iowa Code Sec. 441.44 requires that the Stipulation of Settlement be served upon each of you. 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 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 STIPULATION OF SETTLEMENT Plaintiff and Defendant state to the Board that the pending appeal with regard- to the tax assessment for the following -described property as of January 1, 2021: (Parcel No. 1032128015) has been settled and agreed upon as follows: Valuation: Land Value: $2,021,630 Building Value:__ $7,828370 Total Value: $9,850,000 It is further agreed that the Valuation of $9,850,000.00 shall be effective for January 1, 2021, It is further agreed that upon entry of an Order confirming the above settlement, the above pending appeal shall be dismissed with prejudice and the costs shall be paid by Plaintiff, Dated this J!j:�day of _. - WUNWA, , 2023. MENARD, INC. By: Midhael S. Kozic�zl, E�sq... Attorney for Appellant 2 CITY OF DUBUQUE BOARD OF REVIEW By: Barry A. Linclahl, Esq. Counsel for the City of -Dubuque Board of Review