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Stipulation of Settlement_Vicki GlabBarry 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~ 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~r Hall 13t & Central Dubuque, IA 52001 Dubuque I '` 2007 April 8, 2008 THE CITY OF ~. DUB E ~~.~ 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: Vicki Glab vs. Dubuque City Board of Review - 2007 Property Tax Protest; State of Iowa Property Assessment -Docket No. 07-104-0053 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 a residence owned by Vicki Glab located at 680 Southern Avenue, Dubuque, Iowa, Assessor's Parcel 10-36-180-005. The Dubuque City Assessor's Office revalued all residential property for 2007 and placed a value of $126,800 on the Glab property located at 680 Southern Avenue. The breakdown of the value follows: Land: $23,300 Building: $103,500 Total $126, 800 The 2006 assessed value prior to the revaluation was $112,100. The increase for 2007 was all placed on the dwelling, increasing the dwelling assessment from $88,800 to $103,500. Upon receiving notice of the 2007 assessment the owner, Vicki Glab filed a petition to the Dubuque City Board of Review. Ms. Glab's petition was filed because she felt her property was not assessed fairly compared to a neighboring property when you compared the assessments. The petition was denied by the Board of Review. Ms. Glab then appealed to the Property Assessment Appeal Board. Ms. Glab feels her property should be assessed around 100,000 to 105,000 based on the comparable property. The property at 680 Southern Avenue has some water damage in the home. The house is a rental home that is currently sitting vacant. It is located near the Glab's primary residence and was purchased by the Glab's in 2002 to protect their investment in their home. The home was built in the early 1800's. Dubuque City Assessor Rick Engelken talked with Charlie Glab on the phone to set up an appraisal of the property. The City Assessor's office hired Nick Goodmann to perform an appraisal on the house in hopes of establishing market value on the property. Mr. Goodmann visited the home on February 15, 2008 and submitted an appraisal report on February 25, 2008. Mr. Goodmann felt the property would have a market value of $89,500. Mr. Engelken then viewed the home with Mr. Glab on March 24, 2008. The property is sitting vacant and is in need of some repair. The two parties agreed to a settlement of $102,000 for 2007 and for a further reduction to $87,000 for 2008 based on the current condition of the property. The 2007 settlement will result in a loss of tax dollars of $388 per year. Pursuant to the Stipulation of Settlement, this appeal will be dismissed and the tax assessment will be adjusted to $102,000 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 enclosed 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. 2 Very sincerely, rry A. Lindahl, Esq. y Attorney BAL/tls Enclosure cc: Michael C. Van Milligen, City Manager Jeanne Schneider, City Clerk Rick Engelken, City Assessor 3 STATE OF IOWA PROPERTY ASSESSMENT APPEAL BOARD Docket No. 07-104-0053 IN THE MATTER OF Vicki Glab Petitioner-Appellant, vs. Dubuque City Board of Review, Respondent-Appellee. STIPULATION OF SETTLEMENT Appellant Vicki Glab 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. 10-36-180-005 has been settled and agreed upon as follows: Valuation: Land: $23,300 Building: $78,700 Total $102,000 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. s-r Dated this ~ f day of l~CI.Y'G~1 , 2008. VICKI GLAB DUBUQUE CITY BOARD OF REVIEW i~99 ~~ ~ by: ~ ~(.~,~.C ~ ~~U=6ct/ by: B rry A. Lindahl, Esq. Suite 330, Harbor 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. 07-104-0053 IN THE MATTER OF Vicki Glab 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 8th day of April, 2008. By Dubuque Cit Board of Review, Responder~Appellee B rry A. Lindahl, Esq., City Attorney S e 330, Harbor View Place 300 Main Street Dubuque, IA 52001-6944 (563) 583-4113 Counsel for the Board of Review