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HomeMy WebLinkAbout9A - JPA for Assessment Agreement for Years 2015 & 2016 O� FRIO ti U 4646 Dakota Street SE Prior Lake,MN 55372 CITY COUNCIL AGENDA REPORT MEETING DATE: OCTOBER 27, 2014 AGENDA#: 9A PREPARED BY: JERILYN ERICKSON, FINANCE DIRECTOR PRESENTED BY: JERILYN ERICKSON AGENDA ITEM: CONSIDER APPROVAL OF A RESOLUTION AUTHORIZING A JOINT POWERS AGREEMENT FOR ASSESSMENT OF THE CITY OF PRIOR LAKE FOR ASSESSMENT YEARS 2015, 2016 AND 2017 DISCUSSION: Introduction The purpose of this agenda item is to ask the Council to consider authorizing Scott County to continue to provide assessing services for the City for the next three years. Histo Prior Lake has never elected to have its own municipal assessing department since this function can be more cost effectively delivered by contracting with the County. With all Scott County cities receiving assessment services through the County there is also greater consistency in the treatment of properties. The current agreement (attached to this report) was entered into by the Council on August 15, 2011 for property assessment services covering calendar years 2012—2014 and amended on October 7, 2013. This cooperative agreement between the City and Scott County has existed since 1972. The current agreement is scheduled to expire on December 31, 2014. Assessment service costs for the current service contract (2012-2014) as well as the prior three years are shown in the following table: 2014 $132,500 2013 $124,000 2012 $116,700 2011 $116,300 2010 $105,000 2009 $102,000 Current Circumstances In the last year the County has reviewed in detail the cost components of providing assessment services to the cities. They learned that the earlier contracts did not capture all associated costs. Phone 952.447.9800 / Fax 952.447.4245/www.cityofpriorlake.com The attached letter from Michael Thompson, Scott County Taxation Department Manager, details the analysis that was conducted to determine the costs associated with performing assessment services for each jurisdiction within the County. The proposed costs for Prior Lake were $171,300 and $178,200 for 2015 and 2016, respectively. This would have resulted in a $38,800 increase for 2015 and a $6,900 increase for 2016. City staff met with Mr. Thompson to discuss the analysis as well as options for possibly phasing in the higher costs. The assessing contract was further discussed at the October 20th SCALE Service Delivery Committee meeting. Mr. Thompson agreed to work with each jurisdiction to find a solution that works as long as the end goal of recovering actual costs was achieved within three years. Based on that direction, Staff presented the following amounts for the County to consider: Year Amount Change Original Amount Difference Proposed 2014 $132,500 2015 $150,000 $17,500 $171,300 $21,300 2016 $167,500 $17,500 $178,200 $10,700 2017 $185,000 $17,500 $185,328* $ 328 *Calculated using 4% inflationary factor applied to$178,200. The County has agreed with this proposal. A proposal for providing property assessment services covering calendar years 2015-2017 is attached to this agenda report. Conclusion The Council should determine if it believes that contracting with the County continues to be the best way to accomplish statutorily required valuations. ISSUES: The operation of a city assessing department would be well in excess of the annual contract cost from Scott County. We do not believe that contracting with a private party for developing a multi city assessment would achieve a savings either. The City could consider contracting with another county to accomplish this work but there would be the issues of consistency in the treatment of properties across the County were this to occur. The county assessing department has done a satisfactory job providing these services to the city. FINANCIAL The following table reflects the proposed agreement for assessing services IMPACT: for the City of Prior Lake: Year Original Amount of Amount Change from PY 2015 $150,000 $17,500 2016 $167,500 $17,500 2017 $185,000 $17,500 ALTERNATIVES: The following alternatives are available to the City Council: 1. Adopt a Resolution Authorizing approval of the Joint Powers Agreement for Assessment of the City of Prior Lake for Years 2015, 2016 and 2017. 2. Table this item for a specific reason. RECOMMENDED Alternative 1. MOTION: ATTACHMENTS: 1. Resolution 2. Letter from Michael Thompson/Scott County Taxation Department Manager 3. Assessing Services Agreement for Years 2015, 2016 and 2017 b� PRION Al le U 4646 Dakota Street SE Prior Lake,MN 55372 RESOLUTION 14-xxx A RESOLUTION AUTHORIZING THE JOINT POWERS AGREEMENT BETWEEN SCOTT COUNTY AND THE CITY OF PRIOR LAKE FOR ASSESSMENT SERVICES Motion By: Second By: WHEREAS, Since 1972, the City has contracted with Scott County to provide assessment services within the City; and WHEREAS, The City has determined that because of the experience and expertise required to conduct property valuations and the number and cost of employees necessary if the City to undertake property assessments that it is most cost-effective for the City to contract with Scott County to receive assessment services; and WHEREAS, The City of Prior Lake desires to continue the Assessment Agreement. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. The City of Prior Lake hereby approves the contract for Scott County to provide the City with assessment services. The cost of the services for 2015, 2016 and 2017 is $150,000; $167,500 and $185,000, respectively. 3. The Mayor and City Manager are hereby authorized to execute the contract on behalf of the City of Prior Lake. PASSED AND ADOPTED THIS 27th DAY OF OCTOBER 2014. VOTE Hedberg Keeney McGuire Morton Soukup Aye ❑ ❑ ❑ ❑ ❑ Nay ❑ ❑ ❑ ❑ ❑ Absent ❑ ❑ ❑ ❑ ❑ Abstain ❑ ❑ ❑ ❑ ❑ Frank Boyles, City Manager i x i SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 October 2,2014 Jerilyn Erickson 4646 Dakota St SE Prior Lake, MN 55372 Re:Scott County Assessment Services To Whom It May Concern: I recently conducted an in depth analysis to determine the costs associated with performing the assessment services for each jurisdiction within the County. Our departmental goals are always to conduct a fair and equitable assessment, comply with all statutory requirements, and ensure that we are providing excellent customer services, all at a reasonable cost. This letter will explain the methods utilized to determine the proposed 2015 and 2016 contract amounts, how the proposed rates compare to neighboring assessment jurisdiction costs, and a plan for administering assessment contracts going forward. Costs Determined 1. Assessment Activities We reviewed time entry records and identified all of the time coded for "assessment work" over a one year period. "Assessment work" includes time coded directly to tasks such as the annual property review, permit work, data entry, sales processing, customer service, processing applications,etc. To account for ebbs and flows that occur from year to year due to additional reviews or projects for individual jurisdictions, we then pooled the costs by four jurisdictional groupings: a. Eleven Townships=$128,083 b. Four Small Cities=$65,060 c. Three Large Cities=$294,211 d. Scott County =$148,697 (category utilized for assessment work that was global to the county and wasn't feasible to be split out and directly code to one jurisdiction) 1 i SCOTT COUNTY PROPERTY AND U CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 We split out the costs for groups A, B, and C based on the parcel counts within those groups, I and allocated the costs in group D to every jurisdiction based on parcel count. I Step 1 Cost Detail: I Jufis`d'iction, Step,1 Costs- Belle Plaine TWP $8,894.57 Blakeley $5,628.80 Cedar Lake $20,152.17 Credit River $30,493.76 Helena $13,713.56 Jackson $9,545.06 Louisville $9,226.45 New Market $22,196.59 St.Lawrence $4,540.21 Sand Creek $12,054.13 Spring Lake $24,174.63 Belle Plaine City $29,533.58 Jordan $23,888.77 Elko New Market $17,370.94 New Prague $18,462.21 Prior Lake $114,970.65 Savage $116,946.87 Shakopee $154,257.84 i I 2 f SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER-200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 2. Tax Court appeals We reviewed the work completed by assessors for tax court appeal petitions only. This included time coded directly to tasks such as reviewing information submitted for consideration by the petitioner, performing our own analysis of the property, meeting with tax attorneys or tax representatives, completing appraisals of the property, preparing for trial,trial, etc. To account for ebbs and flows that occur from year to year due to specific tax court cases,we then pooled the costs and divided the total Countywide costs by commercial, industrial, and apartment property allocations in each jurisdiction. Step 2 Cost Detail: Jurisdiction;,' Step 2 s Cots Belle Plaine TWP $682.57 Blakeley $739.45 Cedar Lake $1,535.77 Credit River $2,104.58 Helena $1,251.37 Jackson $3,583.47 Louisville $3,981.64 New Market $3,697.23 St.Lawrence $1,365.13 Sand Creek $3,640.35 Spring Lake $2,445.86 Belle Plaine City $12,456.83 Jordan $11,091.70 Elko New Market $3,014.67 New Prague $8,247.68 Prior Lake $17,064.16 Savage $28,838.42 Shakopee $41,409.02 3 i 4 SCOTT COUNTY PROPERTY AND ��- CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 3. Additional Indirect Costs This is the time coded to additional activities by those staff completing assessment duties. These indirect costs included time coded to activities such as vacation, holiday pay, breaks, training, staff meetings, countywide initiatives, recruitment, etc. To reflect the costs of these activities attributed to each jurisdiction we multiplied the total costs by each jurisdiction's percentage of the total parcel count. Step 3 Cost Detail: Jurisdiction, Step 3 Costs Belle Plaine TWP $4,405.12 Blakeley $2,787.72 Cedar Lake $9,980.56 Credit River $15,102.34 Helena $6,791.78 Jackson $4,727.29 Louisville $4,569.49 New Market $10,993.08 St.Lawrence $2,248.59 Sand Creek $5,969.93 Spring Lake $11,972.73 Belle Plaine City $19,573.21 Jordan $15,832.14 Elko New Market $11,512.49 New Prague $12,235.72 Prior Lake $66,938.15 Savage $68,088.74 Shakopee $89,811.91 4 Air /10 SCOTT COUNTY PROPERTY AND ��- CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 4. Non Salary and Benefit Costs We reviewed the additional resources required to perform the assessment including facilities costs, travel expenses, equipment requirements, general office supplies, training registration fees, etc. To reflect the costs of these resources attributed to each jurisdiction we multiplied the total costs by each jurisdiction's percentage of the total parcel count. Step 4 Cost Detail: Ju"risdict�on `Ste6,4 Costs Belle Plaine TWP $1,710.41 Blakeley $1,082.41 Cedar Lake $3,875.23 Credit River $5,863.91 Helena $2,637.10 Jackson $1,835.50 Louisville $1,774.23 New Market $4,268.37 St. Lawrence $873.08 Sand Creek $2,317.99 Spring Lake $4,648.75 Belle Plaine City $7,599.85 Jordan $6,147.27 Elko New Market $4,470.05 New Prague $4,750.86 Prior Lake $25,990.61 Savage $26,437.36 Shakopee $34,872.00 5 I i I t SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 S. Costs Inherent in Performing the Duties of the County Assessor Understanding that regardless whether or not jurisdictions choose to contract with the County for their assessment services, the County Assessor's office is still responsible for the oversight and administration of certain assessment functions. To this end we attempted to quantify the costs that would be incurred by the county if all jurisdictions decided to contract for their own assessment services. This estimated$291,200 was subtracted for the running total of costs. In essence, this is a discount given to each jurisdiction in an effort to account for those inherent administrative and oversight costs. To reflect the credit of these inherent costs attributed to each jurisdiction we multiplied the total cost by each jurisdiction's percentage of the total parcel count. Step 5 Credit Detail: Jurisdiction Step 5 Credit . " Belle Plaine TWP -$3,528.55 Blakeley -$2,232.99 Cedar Lake -$7,994.53 Credit River -$12,097.13 Helena -$5,440.28 Jackson -$3,786.61 Louisville -$3,660.21 New Market -$8,805.57 St. Lawrence -$1,801.14 Sand Creek -$4,781.97 Spring Lake -$9,590.28 Belle Plaine City -$15,678.34 Jordan -$12,681.71 Elko New Market -$9,221.62 New Prague -$9,800.94 Prior Lake -$53,618.13 Savage -$54,539.76 Shakopee -$71,940.25 6 SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION rz9NC60_ At,- GOVERNMENT CENTER•200 FOURTH AVENUE WEST-SHAKOPEE,MN 55379-1220 1. Total Cost Breakdown: Step 1 Step 2 ::. Step 3 Ste-4 Step 5£ Total Proposetl 2014 „�2015(Roundeil�__ _Contract Belle Plaine TWP $8,895 $683 $4,405 $1,710 -$3,529 $12,200 $10,900 Blakeley $5,629 $739 $2,788 $1,082 -$2,233 $8,000 $6,600 Cedar Lake .$20,152 $1,536 $9,981 $3,875 -$7,995 $27,500 $24,100 Credit River $30,494 $2,105 $15,102 $5,864 -$12,097 $41,500 $36,700 Helena $13,714 $1,251 $6,792 $2,637 -$5,440 $19,000 $16,100 Jackson $9,545 $3,583 $4,727 $1,836 -$3,787 $15,900 $11,200 Louisville :_ $9,226 $3,982 $4,569 $1,774 $3,660 $15,900 $10,900 New Market $22,197 $3,697 $10,993 $4,268 -$8,806 $32,400 $27,000 St.Lawrence $4,540 $1,365 $2,249 $873 -$1,801 $7,200 $5,300 Sand Creek $12,054 $3,640 $5,970 $2,318 s -$4,782 $19,200 $19,800 Spring Lake $24,175 $2,446 $11,973 $4,649 -$9,590 $33;700 $28,400 Belle Plaine City $29,534 $12,457 $19,573 $7,600 -$15,678 $53,500 $37,700 Jordan $23,889 $11,092 $15,832 $6,147 -$12,682 $44,300 $30,800 Elko New Market $17,371 $3,015 $11,512 $4,470 -$9,222 $27,100 $21,900 New Prague $18,462 $8,248 $12,236 $4,751 -$9,801 $33,900 $27,000 Prior Lake $114,971 $17,064 $66,938 $25,991 -$53,618 $171,300 $132,500 Savage $116,947 $28,838 $68,089 $26,437 -$54,540 $185,800 $159,000 Shakopee .$154,2S8 $41,409 $89,812 $34,872 -$71,940 $248,400 $244,800 TOTAL $636,051- $147,150 :$363,541 ,$141,155. $291,200', $996,697, $850,700 7 i f SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 General Observations and Explanations All but one jurisdiction is receiving proposed increases for the 2015 assessment. Historically, costs associated with employee coded time listed under step three, such as vacation and training, have not been passed along through assessment contracts. However, those costs are necessary in order to employ qualified appraisers in the pursuit of completing the assessment functions for each jurisdiction. Tax petition costs are now allocated by commercial, industrial, and apartment property counts. This process was outlined in step two. In the past we've attempted to allocate these costs by historical petition counts, or total parcel counts. However,the tax appeal efforts actually required each year are very unpredictable and are not necessarily reflective of historical trends. In addition,total parcel counts are less reliable because tax court costs incurred each year are overwhelmingly related to the commercial,industrial,and apartment properties. i i 8 i iA r SCOTT COUNTY PROPERTY AND A - CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 Cost Comparisons The overall countywide costs under the proposed 2015 contract amounts averaged $18.03 per parcel. Each jurisdiction's individual cost per parcel is different based on various factors, but is most heavily influenced by their share of overall parcel counts involving commercial, industrial, and apartment property types. The question is often asked, "what would it cost us to conduct our own assessment". Although there is not good data regarding "local" assessors who are willing to contract with a jurisdiction independently and perform all of the statutorily required tasks, we do have reliable information regarding City Assessing Departments. The following cost analysis was put together by the City of Minneapolis and can be found in their"Results Minneapolis,September 17,2014, City Assessor"Report: CitV Operations are Efficient,Effective,Results Driven and Customer Focused Assessment Cost per Parcel in Hennepin County Cities,2013 $60 $51 $50 Municipal Average:$38 $42 $40 $42 $40 $33 $32 $32 $30 $29 $20 $10 Bloomington Brooklyn Park Eden Prairie Edina Maple Grove Minnetonka St.Louis Park Minneapolis 2013 Cost per Parcel -City Average Source:Assessor's Office The average cost of doing business when the City completes their property assessment is $38.00 per parcel,with the best value being$29.00 per parcel. 9 f SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 County assessment costs compare favorably to those City costs. The following data was compiled by Scott County for our"Delivering What Matters"initiative: Page 5 Delivering What Matters Assessing About this measure: Assessment Cost per Parcel $45 ..._..___.__... _.._-.... _...___T_.... _....... _.._ _ ._._......_.._.__.__.... 'rhis measure displays the overall $40 ----------__.—___ budget of each assessing department divided by the $35 --- - - - ---- ---- Average:$32 appraised parcel count.The three $30 counties listed to the right on the Average:$26 display graph do not appraise $25 - -- ----- 100%of the parcels within their boundaries,becasue jurisdictions $20 - -- -- within those Counties have contracted with their own'local" $15 - --------------- - - assessors. However,county staff $lo are still Involved with the locally assessed parcels in many $5 different ways which involve additional administrative costs. $_ Ramsey Carver Scott Dakota Hennepin Washington Anoka 100%County Assessed Partially Assessed by Local Jurisdictions Source: County's Budget Sum ma{y and Parcel CountSunley Why does this matter? Taxpayers must be confident that not only are the assessors doing a good job,but they are also being responsible with the taxpayer dollars. As is visible in the data above,overall it is more efficient to have all of the assessing functions performed by one office. It is also apparent that Scott County is one of the most efficient in the business. Each County's ability to complete all statutory requirements under their current budget is not analyzed within the data. Scott County is able to achieve those requirements while remaining efficient and cost effective. 10 A / ♦id SCOTT COUNTY PROPERTY AND -' CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 Costs Not Included The following is a listing of some, but not all, of the expenses incurred by the County which were not included in the proposed 2015 contract amounts: • County Attorney Costs o 0.5 FTE, salary and benefit costs for one County Attorney staff member who spends approximately half of their time on property tax appeal work. • Additional County Staff Resources employed outside of the Taxation Department o Planning and Zoning—Reporting for analyses related to assessing functions(Highest and Best Use analysis, building eligibilities,etc.) o Admin-Escalated issue resolution,work planning,etc. o GIS—Mapping and other analyses,etc. • Valuation Software Replacement o Cost of software upgrade o Cost of backfill support staff throughout conversion Contract Timing For the 2015 and 2016 assessment services contract we are proposing a two year agreement. Going forward,we would like to revert back to one year agreements. Our business is constantly changing and the County is constantly growing. It is too difficult to predict costs two or three years out, and it is almost equally difficult to reopen existing contracts and renegotiate after the fact. Understanding each jurisdiction's need to budget in advance for assessment services we are proposing the following schedule going forward: Timeline Example for One Assessment Cycle (2017 Assessment) 8/2015 2017 Contract 5/2017 Amount 9/2016 Send Billing Finalized End Sale Study Involces 10/2015 8/2017 Begin Sale Study Finalize 2017 Assessed Values and Mall Notices 11 SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION L' + GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 2015 and 2016 Proposed Contracts As stated previously, due to the timing of the 2015 and 2016 assessment work being completed,we are proposing a two year agreement covering both of these years. Subsequently, starting with the 2017 contract we will begin one year contracts as outlined in the timeline above(with a new agreement to be reached by August of 2015). The proposal for the 2015 contract has been outlined in detail in this letter. For 2016 we are proposing increasing the 2015 figures by 4%. This increase attempts to account for known scheduled increases in our greatest costs (employee salary and benefit compensation), as well as the unknown increases in costs due to various other factors such as parcel count growth. The proposed contracts that were included in this mailing reflect each jurisdiction's 2015 and 2016 assessment costs as outlined in the following table: TotalProposed 2015 Total Propp* 2016 Belle Plaine TWP $12,200 $12,700 Blakeley $8,000 $8,300 Cedar Lake $27,500 $28,600 Credit River $41,500 $43,200 Helena $19,000 $19,800 Jackson $15,900 $16,500 Louisville $15,900 $16,500 New Market $32,400 $33,700 St. Lawrence $7,200 $7,500 Sand Creek $19,200 $20,000 Spring Lake $33,700 $35,000 Belle Plaine City $53,500 $55,600 Jordan $44,300 $46,100 Elko New Market $27,100 $28,200 New Prague $33,900 $35,300 Prior Lake $171,300 $178,200 Savage $185,800 $193,200 Shakopee $248,400 $258,300 12 f i AN Aw SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 Please feel free to contact me with any questions that you may have. Thank you for your attention to this matter, I Michael Thompson Taxation Department Manager County Assessor 952.496.8972 mthompson@co.scott.mn.us I f 13 SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE, MN 55379-1220 JOINT POWERS AGREEMENT FOR ASSESSMENT OF THE City of Prior Lake THIS JOINT POWERS AGREEMENT is made and entered into by and between the City of Prior Lake and the County of Scott, State of Minnesota,pursuant to Minnesota Statute 273.072 and Minnesota Statute 471.59. WHEREAS, the City of Prior Lake wishes to enter into an agreement with the County of Scott to provide for the assessment of the property in said City of Prior Lake by the County Taxation Department; and WHEREAS, it is the wish of said County to cooperate with said City of Prior Lake to provide for a fair and equitable assessment of property; NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS HEREIN CONTAINED, IT IS AGREED AS FOLLOWS: 1. That the City of Prior Lake, which lies within the County of Scott and constitutes a separate assessment district, shall have its property assessed by the County Assessor of Scott County, for the assessment years 2015, 2016, and 2017. All work done necessary to the establishment of the estimated market value for each parcel shall be performed by the Scott County Assessor or by one or more of the licensed assessors under his direction and supervision. 2. It is hereby agreed that the City of Prior Lake and all of its officers, agents, and employees shall render full cooperation and assistance to said County to facilitate the provision of the services contemplated hereby. 3. In consideration for said assessment services, the City of Prior Lake hereby agrees to pay the County of Scott the sum of$150,000 for assessment year 2015, $167,500 for assessment year 2016, and $185,000 for assessment year 2017. Such payments are to be made to the Scott County Treasurer on or before June 1, of the year of the assessment. 4. The County agrees that in each year of this Agreement it shall, by its County Assessor or one or more staff appraisers, actually review at least twenty percent(20%) of the parcels within this taxing jurisdiction according to statute. It is further agreed that the County shall have on file documentation of those parcels physically inspected for each year of this Agreement. 5. The County agrees that in each year of this Agreement it shall provide the following data summarized by property usage class (i.e. residential, commercial, industrial, utility, apartments, etc.) for each assessment year of 2015, 2016, and 2017: SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE,MN 55379-1220 1) Taxable Market Valuation 2) Tax Capacity 3) Taxable Market Valuation—New Construction 4) Referenda Market Value 5) Number of Parcels Such data will be available per the following schedule: April 1, 2015 —Assessment Year 2014/Payable Year 2015 Final Data April 1, 2015 —Assessment Year 2015/Payable Year 2016 Preliminary Data August 1, 2015 —Assessment Year 2015/Payable Year 2016 Preliminary Data(updated) April 1, 2016—Assessment Year 2015/Payable Year 2016 Final Data April 1, 2016—Assessment Year 2016/Payable Year 2017 Preliminary Data August 1, 2016—Assessment Year 2016/Payable Year 2017 Preliminary Data(updated) April 1, 2017—Assessment Year 2015/Payable Year 2016 Final Data April 1, 2017—Assessment Year 2016/Payable Year 2017 Preliminary Data August 1, 2017—Assessment Year 2016/Payable Year 2017 Preliminary Data(updated) April 1, 2018—Assessment Year 2016/Payable Year 2017 Final Data 6. Each named party to this Agreement shall be liable for its own acts to the extent provided for by law and hereby agrees to indemnify, hold harmless and defend the other named parties to this Agreement, its officers and employees against any and all liability, loss, costs, damages, expenses, claims or actions, including reasonable attorney's fees with the other, its officers and employees may hereafter sustain, incur or be required to pay, arising out of or by reason of any act or omission of the party, its agents, servants, or employees, in the execution, performance, or failure to adequately perform its obligations. This provision to indemnify and hold harmless does not constitute a waiver by any named party to limitations on liability provided by Minnesota Statute Chapter 466. Further, all workers' compensation claims shall be handled in the jurisdiction in which the agent is employed. IN WITNESS WHEREOF, the City of Prior Lake has executed this Agreement by its Mayor and City Administrator/Manager, or its Township Chairperson, by the authority of its governing body and the County of Scott has executed this Agreement by its Chairperson, County Administrator, and County Assessor pursuant to the authority of the Board of Commissioners intending to be bound thereby. SCOTT COUNTY PROPERTY AND CUSTOMER SERVICES DIVISION GOVERNMENT CENTER•200 FOURTH AVENUE WEST •SHAKOPEE, MN 55379-1220 City of Prior Lake: City Mayor/Township Chairperson Date City Administrator/Manager Date City/Township Clerk (if applicable) Date COUNTY OF SCOTT: Chairperson Date County Board of Commissioners County Administrator Date County Assessor Date Approved as to form: Scott County Attorney