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Kohl's Department Stores #985 2025 and 2026 Property Tax Appeal Stipulation of Settlement NoticeCopyrighted August 3, 2026 City of Dubuque CONSENT ITEMS # 6. City Council ITEM TITLE: Kohl's Department Stores #985 2025 and 2026 Property Tax Appeal Stipulation of Settlement Notice SUMMARY: Senior Counsel transmitting notice of a Stipulation of Settlement for a 2025 and 2026 property tax appeal filed by Kohl's Department Stores for their property located at 2995 NW Arterial, Parcel No. 1017426003. SUGGUESTED Receive and File DISPOSITION: ATTACHMENTS: 1. Kohls 2025 2026 Tax Settlement AGENDA Letter 2. Stipulation of Settlement —Kohl's 2025 2026 Tax Appeal 3. Notice of Voluntary Settlement_Kohls 2025 2026 Tax Settlement Page 149 of 1281 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(i4itvofdubua ue.ore Office Hours: 8:00 AM — 5:00 PM, T-W-Th 8:00 AM — 12:00 PM, F THE CITYF Dubuque UUB-FE uH wria to I, ,:�,► I I 2007 2012 Masterpiece on the Mississippi 2013.2017 AGENDA LETTER July 23, 2026 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 13t" 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, IA 52001 Chairperson of the Conference Board of the City of Dubuque City Hall 50 West 13th 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: Kohl's Department Stores Inc vs. City of Dubuque Board of Review 2025 & 2026 Property Tax Appeal Enclosed is a copy of the Stipulation of Settlement regarding a tax assessment appeal filed by Kohl's Department Store Inc with the Property Assessment Appeal Board. Iowa Code Sec. 441.44 requires that the Stipulation of Settlement be served upon each of you. Page 150 of 1281 There is one property that is the subject of this appeal. The appeal is for the January 1, 2025 and January 1, 2026 assessed value. The January 1, 2025 assessed value is $8,367,200.00. Details of Property The property is located at 2995 NW Arterial, Dubuque, Iowa, and it is owned by Kohl's Department Store Inc. and operated as Kohl's retail store. The land area of the property is 9.86 acres. The property was improved in 2004 with a one-story steel -framed retail building totaling 88,406 square feet. 2025 Appeal Kohl's filed a protest with the City of Dubuque Board of Review in April 2025 appealing the 2025 assessment of $8,367,200.00. The prior 2024 assessment was $6,675,000.00. After presenting evidence to the Board of Review, the petitioner requested a value of $6,550,000.00. The Board did not change the 2025 value; Kohl's filed an appeal to the Iowa Property Assessment Appeal Board (PAAB). Proposed Settlement After each party submitted appraisals, discussion ensued between them regarding a settlement. The parties have reached a proposed settlement agreement. The tentative settlement is for an assessed value for January 1, 2025, and January 1, 2026, of $7,500,000.00. Pursuant to the Stipulation of Settlement the appeal will be dismissed and the assessed value will be adjusted to $7,500,000.00 for the January 1, 2025 and January 1, 2026 year. The value for 2025 and 2026 will be apportioned as follows: Land $2,389,500.00 Building $5,110,500.00 Total $7,500,000.00 The total tax loss to all taxing bodies is estimated to be $23,665.00. 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) 589-7800. Very sin,6ey6ly, t Bari y A. Lindahl, Esq. Se P, for Counsel L% Page 151 of 1281 Enclosure Attachment cc: Michael C. Van Milligen, City Manager Adrienne N. Breitfelder, City Clerk Troy Patzner, City Assessor Page 152 of 1281 IOWA PROPERTY ASSESSMENT APPEAL BOARD PAAB Docket No. 2025-104-00339C & 2026-104-00393C Parcel No. 1017426003 KOHL'S DEPARTMENT STORES #985 Appellant, vs. CITY OF DUBUQUE BOARD OF REVIEW, Appellee. STIPULATION OF SETTLEMENT Appellant Kohl's Department Stores #985 and Appellee City of Dubuque Board of Review state to the Iowa Property Assessment Appeal Board that the pending litigation with regard to the tax assessment for the following -described property as of January 1, 2025 and January 1, 2026: Parcel No. 1017426003 has been settled and agreed upon as follows: Valuation: Land $2,389,500.00 Dwelling $5,110,500.00 Total $7,500,000.00 It is further agreed that the Valuation of $7,500,000.00 shall be effective for January 1, 2025 and January 1, 2026. It is further agreed that upon entry of an Iowa Property Assessment Appeal Board Order confirming the above settlement, the above pending litigation shall be dismissed with prejudice. Dated this day of 2026. Page 153 of 1281 KOHL'S DEPARTMENT STORES #985 Appellant By: Sarah Franklin, Esq. CITY OF DUBUQUE BOARD OF REVIEW Appellee By: Barby A. Lindahl, Esq. Page 154 of 1281 IOWA PROPERTY ASSESSMENT APPEAL BOARD PAAB Docket No. 2025-104-00339C & 2026-104-00393C Parcel No. 1017426003 KOHL'S DEPARTMENT STORES #985, Appellant, vs. CITY OF DUBUQUE BOARD OF REVIEW, Appellee. NOTICE OF VOLUNTARY SETTLEMENT TO: City of Dubuque, Iowa County of Dubuque, Iowa Dubuque Community School District Northeast Iowa Community College Dubuque County Hospital Dubuque County Agricultural Extension Service Conference Board of the City of Dubuque YOU ARE HEREBY NOTIFIED, pursuant to Iowa 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 Iowa Property Assessment Appeal Board for approval no sooner than fourteen (14) days from the date of this Notice. Dated this day of �ul 12026. CITY OF DUBUQUE BOARD OF REVIEW Appellee. a By: Barry A. Lindahl, Esq. Suite �30, Harbor View Place 300 Main Street Dubuque, IA 52001-6944 (563) 583-4113 Page 155 of 1281