Enclosed is a copy of the Stipulation of Settlement regarding a tax assessment appeal filed by Conlon Enterprises LLC with the District Court. Iowa Code Sec. 441.44 requires that the Stipulation of Settlement be served upon each of you.
There is one property, consisting of two parcels, that is the subject of this appeal. The appeal is for the January 1, 2025 and January 1, 2026 assessed value.
Details of Property
The property is located at 4131 and 4141 Westmark Drive, Dubuque Iowa, owned by Conlon Enterprises LLC and is operated as leased office space. A contiguous single tenant office building spans over two parcels. 4131 Westmark Drive land area is 1.89 acres. In 1992 it was improved with a two-story office building totaling 12,048 square feet. 4141 Westmark Drive land area is 2.13 acres. It was improved with a two-story office building built in 1993 and expanded in 1996, with a total building area of 44,572 square feet.
2025 Appeal
Conlon Enterprises LLC filed a protest with the City of Dubuque Board of Review in April 2025 appealing the 4141 Westmark Drive 2025 assessment of $4,301,100. The prior 2024 assessment was $3,802,500. The Board of Review did not change the 2025 valuation; Conlon Enterprises LLC filed a District Court appeal.
2026 Appeal
Conlon Enterprises LLC filed a protest with the City of Dubuque Board of Review in April 2026 appealing the 4141 Westmark Drive 2026 assessment of $4,301,100 and the 4131 Westmark Drive 2026 assessment of $1,209,000. The Board of Review did not change the 2026 valuation on either parcel; Conlon Enterprises LLC filed a District Court appeal.
Proposed Settlement
After numerous settlement discussions occurred, the parties have reached a proposed settlement agreement. The tentative settlement of 4141 Westmark Drive is for an assessed value for January 1, 2025 and January 1, 2026, of $3,500,000. The tentative settlement of 4131 Westmark Drive for January 1, 2026, of $1,000,000.
Pursuant to the Stipulation of Settlement the appeal will be dismissed and the assessed value of 4141 Westmark Drive will be adjusted to $3,500,000 for 2025 and 2026. The assessed value of 4131 Westmark Drive will be adjusted to $1,000,000 for 2026.
The 2025 and 2026 value for 4141 Westmark Drive will be apportioned as follows:
Land$304,900
Building$3,195,100
Total$3,500,000
The 2026 value for 4131 Westmark Drive will be apportioned as follows:
2