03a. Abatement hearing- Travelodge
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03a. Abatement hearing- Travelodge
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<br /> <br /> <br /> <br /> <br /> <br />ASSESSOR’S OFFICE Fargo City Hall 225 4th Street North Fargo, ND 58102 Phone: 701.241.1340 | Fax: 701.241.1339 www.FargoND.gov <br />January 27, 2022 <br /> Board of City Commissioners <br />City Hall Fargo, ND 58102 <br />Dear Commissioners: Attached is the Application for Abatement or Refund of Taxes prepared by David Tibbals of Fredrikson & Byron, PA. The application is for the Travelodge hotel, under the ownership of Yoginivas, LLC, located at 1407 35 St S. and is requesting a value reduction for 2021 from $1,507,100 down to $690,000. <br /> The appellant presented an appraisal for financing as support for a reduction. Information regarding our valuation has been included for this property, including a market comparison and equity analysis. <br /> SUGGESTED MOTION: Denial of the Application of Abatement or Refund of Taxes on 1407 35 St S. and retain the 2021 value. <br /> Sincerely, <br /> Michael Splonskowski Fargo City Assessor
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