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Stipulation of Settlement_Krieg_195 FreemontBarry A. Lindahl, Esq. City Attorney Suite 330, Harbor View Place 300 Main Street Dubuque, Iowa 52001-6944 (563)583-4113 office (563)583-1040 fax balesq@cityofdubuque.org Mayor and Members of the City Council of the City of Dubuque Cit~r Hall 13t & Central Avenue 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 Cit~ Hall 13t & Central Dubuque, IA 52001 Dubuque ~. 2007 March 12, 2008 THE CrrY OF DuB E U `~" President of the Board of Directors Northeast Iowa Community College P.O. Box 400 Calmar, IA 52132 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 14742 Hwy. 20 West, Suite 2 Dubuque, IA 52003 RE: David F Krieg vs. Dubuque City Board of Review - 2007 Property Tax Protest; State of Iowa Property Assessment -Docket No. 07-104-0078 Dear Chairpersons, Mayor and President: Enclosed is a copy of a Stipulation of Settlement of a tax assessment appeal. Iowa Code § 441.44 requires that the Stipulation of Settlement be served upon each of you. The property that is the subject of this appeal is the David F. Krieg residence located at 195 Fremont Avenue, Dubuque, Iowa, Assessor's Parcel 1026377016. The Dubuque City Assessor's Office revalued all residential property for 2007 and placed a value of $301,300 on the Krieg property. The breakdown of that value is as follows: Land: $ 57,400 Building: $ 243,900 Total: $ 301,300 The 2006 assessed value prior to the revaluation was $260,600. The increase for 2007 was placed solely on the dwelling, increasing the dwelling assessment from $203,200 to $243,900. Upon receiving notice of the 2007 assessment, Mr. Krieg filed a protest to the Dubuque City Board of Review, stating he felt his property was not assessed fairly when comparing the percentage increases for neighboring properties. The protest was denied by the Board of Review. Mr. Krieg then appealed to the State of Iowa Property Assessment Appeal Board. Mr. Krieg took the position that his property should be assessed at $272,100 based on an average percentage increase of the neighboring properties. The Krieg property is located on the west side of Fremont Avenue, which is the opposite side as the golf course. It is one of the largest homes on the west side of Fremont Avenue. The exterior of Mr. Krieg's home has been updated. Dubuque City Assessor Rick Engelken met with Mr. Krieg twice in the Fall of 2007. Mr. Engelken reviewed the percentage increase of all large homes on Fremont Avenue, of all similar homes in Mr. Krieg's neighborhood, and of all homes in the City of Dubuque. A settlement offer of $291,000 was extended to Mr. Krieg on October 30, 2007. Mr. Krieg has now agreed to that value. The settlement will result in a loss of tax dollars of $162 per year. Pursuant to the Stipulation of Settlement, this appeal will be dismissed and the tax assessment will be adjusted to $291,000 for January 1, 2007. The proposed settlement will be presented to the Property Assessment Appeal Board after fourteen days from the date indicated on the attached Notice of Voluntary Settlement. If there are any objections to the proposed settlement, they should be made known to the City Assessor prior to that time. If you have any questions about the proposed settlement, please contact City Assessor Rick Engelken at (563)-589-4416. Very sincerely ~ - ~m / ~ Barry A. Lindahl, Esq. City Attorney 2 BAUtIs Enclosure cc: Michael C. Van Milligen, City Manager Jeanne Schneider, City Clerk Rick Engelken, City Assessor STATE OF IOWA PROPERTY ASSESSMENT APPEAL BOARD Docket No. 07-104-0078 IN THE MATTER OF David F. Krieg Petitioner-Appellant, vs. Dubuque City Board of Review, Respondent-Appel lee. 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 Dubuque City 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 State Of Iowa Property Assessment Appeal Board for approval after fourteen days from the date of this Notice. Dated this 12th day of March, 2008. Dubuque City Board of Review, Respondent-Appellee By Barry A. Li ahl, Esq., City Attorney Suite 330, arbor View Place 300 Main Street Dubuque, IA 52001-6944 (563) 583-4113 Counsel for the Board of Review STATE OF IOWA PROPERTY ASSESSMENT APPEAL BOARD Docket No. 07-104-0078 IN THE MATTER OF David F. Krieg Petitioner-Appellant, vs. Dubuque City Board of Review, Respondent-Appellee. STIPULATION OF SETTLEMENT Appellant David F. Krieg and Appellee Dubuque City Board of Review, state to the State of Iowa Property Assessment Appeal Board that the pending litigation with regard to the tax assessment for the following-described property as of January 1, 2007: Parcel No. 10-26-377-016 has been settled and agreed upon as follows: Valuation: Land Dwelling Total $57,400 $233,600 $291,000 It is further agreed that upon entry of a Property Assessment Appeal Board Order confirming the above settlement, the above pending litigation shall be dismissed with prejudice. Dated this s~ 5 day of , 2008. David F. Krieg DUBUQUE CITY BOARD OF REVD Barry A. Lindahl, Esq. Suite 330, Harbor View Place 300 Main Street Dubuque, IA 52001-6944 (563) 583-4113 Counsel for the Board of Review