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Platinum Holdings, LLC Property Tax Appeal Dismissal Copyrighted February 18, 2019 City of Dubuque Consent Items # 19. ITEM TITLE: Platinum Holdings, LLC PropertyTaxAppeal Dismissal SUMMARY: Senior Counsel submitting information on the dismissal of a property tax appeal brought by Platinum Holding, LLC for property at 350 Bell Street. SUGGESTED DISPOSITION: Suggested Disposition: Receive and File ATTACHMENTS: Description Type Staff Memo Staff Memo Dubuque Barry A.Lindaht, Esq. THE CITY OF � Senior Counsel uFiluenqCi� Suite 330, Harbor View Place LxT } �"�� 300�tain Street UB E '�I I�' Dubuque, [owa 52001-6944 (563)583-41 13 oftice • 2007•2012 �5�3)sg3-lo�o taX Masterpiece on the Mississtppi zoi3�zoi� balesq cicitvofdubuque.orQ Oftice Hours: 8:00 AM—5:00 PM,T-W-Th 8:00 AM— 12:00 PM,F February 6, 2019 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 13t" & Central Avenue 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 13t" & Central Dubuque, IA 52001 RE: Platinum Holdings, LLC vs. Board of Review of the City of Dubuque 2018 Property Tax Appeal lowa District Court Case No. EQCV107688 Platinum Holdings, LLC, the owner of the Grand Harbor Hotel and Waterpark, filed a protest to the Board of Review from the January 1, 2018 assessed value of the property, which was $13,500,000. Platinum claimed the assessed value should be $7,425,000. The Board of Review denied the protest and Platinum appealed to the District Court. Platinum has dismissed its appeal at no cost to the taxing bodies. The 2018 assessed value will remain at $13,500,000. Very sincerely, arry A. Lindahl, Esq. enior Counsel Enclosure � Attachment � cc: Michael C. Van Milligen, City Manager Kevin Firnstahl, City Clerk Rick Engelken, City Assessor F:\Users\tsteckle\Lindahl\Tax Appeals\Platinum Holdings,LLC 2018\TaxingBodiesLetter AppealDismissed_020619.docx 2