HomeMy WebLinkAbout20132089August 8, 2013
CLERK TO THE BOARD
PHONE (970) 336-7215, EXT 4226
FAX (970) 352-0242
WEBSITE: www.co.weld.co.us
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
GILCREST LLC
504Q ACOMA STREET
DENVER, CO 80216
RE: THE BOARD OF EQUALIZATION 2013, WELD COUNTY COLORADO
APPROVAL QF STIPULATION BETWEEN PETITIONER AND ASSESSOR
ACCOUNT NO.: R4436786
Dear Petitioner:
On August 01, 2013, the Board of County Commissioners of Weld County Colorado
convened and acting as the Board of Equalization, pursuant to C.R.S. Section 39-8-101 et seq.,
considered your request to approve and adopt a valuation of your property arrived at by a
Stipulation between you and the Weld County Assessor, for the year 2013.
The Board of Equalization found that the evidence presented at the hearing supported the
stipulated value placed upon the above -described property as set forth below. Such evidence
indicated the value was reasonable, equitable, and derived according to the methodologies,
percentages, figures and formulas dictated by law.
ACTUAL VALUE AS STIPULATED VALUE
DETERMINED BY ASSESSOR APPROVED BY BOARD
$182,184.00 $117,360.00
The above 'Stipulated Value' is the value which will be used in the calculation of your property
taxes for 2013. This value is not appealable.
If you have questions concerning the above information, please call me at (970) 336-7215,
Ext. 4226.
Very truly yours,
Esther E. Gesick, Deputy Clerk
Weld County Board of County Commissioners
Cc: Christopher Woodruff, Weld County Assessor
1ST NET REAL ESTATE SERVICES INC
3333 S WADSWORTH BLVD SUITE 200
LAKEWOOD, CO 80227
w. "Pe+ (2141
2013-2089
AS0085
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Number R4436786
STIPULATION (As To Tax Year_2013_ Actual Value)
RE PETITION OF :
NAME: GILCREST LLC
ADDRESS: 905 Railroad St.
Gilcrest, CO
ALL 3 0 20143
GO?�z'ttlx E OK
Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation
regarding the tax year 2013 valuation of the subject property, and jointly move the Board
of Equalization to enter its order based on this Stipulation.
Petitioner (s) and Assessor agree and stipulate as follows:
1. The property subject to this Stipulation is described as:
L4 THRU 9 BLK6 BEG AT PT FROM WHENCE NE COR BLK5 BEARS
N54D39'W 60.5' S54D39'E 68' S48D52'W 220.75' N84D40'W 50' TO W LN
BLK6 N41D39'E 244' TO BEG (BETWEEN RR ST & US #85 ACCESS RD)
2. The subject property is classified as Commercial property.
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2013:
Total $182,184.00
4. After further review and negotiation, Petitioner (s) and Weld County Assessor
agree to the following tax year 2013 actual value for the subject property:
Total $117,360.00
5. The valuation, as established above, shall be binding only with respect to tax
year 2013.
6. Brief narrative as to why the reduction was made:
Subject vacancy issues indicate an adjustment.
7. Both parties agree that:
The hearing scheduled before the Board of Equalization on (Date) at
(Time) be vacated.
R4436786
1
2013-2089
®A hearing has not yet been scheduled before the Board of Equalization.
ATED tb,i ' 18 day of July, 2013.
etitioner(s) or Agent or Attorney / (A istant) County Attorney for
Respondent, Weld County Board of
Commissioners
Address: Address:
,lltriers¢G rsf,0fs Sari eic r;. re_ 1150 "O" Street
333 fJ4 art /fi dsm., P.O. Box 758
.15anJ C‘s en 2 2 ? Greeley, CO 80632
Telephone: 2.7ri-9' 7-17,b
Docket Number n/a
Stip-1.Frm
R4436786
Telephone:(970) 336-7235
ounty Assessor
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 353-3845 ext. 3697
2
NOTICE OF DETERMINATION
Christopher M. Woodruff
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
ACCOUNT NO.
TAX YEAR
TAX AREA
LEGAL DESCRIPTION/ PHYSICAL LOCATION
R4436786
2013
0170
GIL 16719-A PT L4 THRU 9 BLK6 BEG AT PT FROM
WHENCE NE COR BLK5 BEARS N54D39'W 60.5'
S54D39'E 68' S48D52'W 220.75' N84D40'W 50' TO
W LN BLK6 N41D39'E 244' TO BEG (BETWEEN RR
ST & US #85 ACCESS RD) 905 RAILROAD ST
GILCREST, CO
PROPERTY OWNER'.
GILCREST LLC
5040 ACOMA STREET
DENVER, CO 80216
PROPERTY CLASSIFICATION
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
REVIEW
ACTUAL VALUE AFTER
REVIEW
COMMERCIAL
182,184
182,184
TOTAL
$182,184
$182,184
The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessor's determination of value after review is based on
the following:
CM05 - The law requires that all of 2011 and the first 6 months of 2012 data be used to establish
current values. We have considered all (3) three approaches to value in arriving at your current
valuation. We have denied your appeal based upon this data.
If you disagree with the Assessor's decision, you have the right to appeal to the County
Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S.
The deadline for filing real property appeals is July 15.
The Assessor establishes property values. The local taxing authorities (county, school district, city,
fire protection, and other special districts) set mill levies. The mill levy requested by each taxing
authority is based on a projected budget and the property tax revenue required to adequately fund
the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall.
If you are concerned about mill levies, we recommend that you attend these budget hearings.
Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities.
Please refer to the reverse side of this notice for additional information.
Date of Notice: 6/27/2013
Telephone: (970) 353-3845
Fax: (970) 304-6433
Office Hours: 8:00 AM - 5:00 PM
1ST NET REAL ESTATE SERVICES INC
3333 S WADSWORTH BLVD SUITE 200
LAKEWOOD, CO 80227
RECEIVED
.JUL i 5 2013
WELD COUNTY
COMMISSIONERS
15-DPT-AR
PR 207-08/13
R4436786 16170
County Board of Equalization Hearings will be held from
July 1 through August 5 at 1400 N 17 AVE.
To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown
below, and mail or deliver a copy of both sides of this form to:
Weld County Board of Equalization
1150 O Street, P.O. Box 758
Greeley, CO 80631
Telephone: (970) 356-4000 ext, 4225
To preserve your appeal rights, your Petition to the County Board of Equalization must be
postmarked or delivered on or before July 15 for real property — after such date, your right to
appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we
recommend that all correspondence be mailed with proof of mailing.
You will be notified of the date and time scheduled for your hearing. The County Board of
Equalization must mail a written decision to you within five business days following the date of the
decision. The County Board of Equalization must conclude hearings and render decisions by August
5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and
you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by
September 12, § 39-2-125(1)(e), C.R.S.
If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your
appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of
the following:
Board of Assessment Appeals District Court
1313 Sherman Street, Room 315 Contact the District Court in the County
Denver, CO 80203 where the property is located. See your
(303) 866-5880 local telephone book for the address and
www.dola.colorado.qov/baa telephone number.
Binding Arbitration
For a list of arbitrators, contact the County Commissioners at the address listed for the County Board
of Equalization.
If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document
falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed
on the next business day, ,¢ 39-1-120(3), C.R.S.
PETITION TO COUNTY BOARD OF EQUALIZATION
What is your estimate of the property's value as of June 30, 2012? (Your opinion of value in terms of a
specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.)
$ r
What is the basis for your estimate of value or your reason for requesting a review? (Please attach
additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original
instt ed ost, appr sal, etc.)
/ d.r ,2_ ,a a
ATTESTATION
I, the updersigned owner or agent'? of the property identified above, affirm that the statements contained
herein jnc) on any atty'chments hereto are true and complete.
9 -
Signature
;o- //
Telephone Number Date
Email
12 Attach letter of authorization signed by property owner.
Address
15-DPT-AR
PR 207-08/13
R4436786 16170
75 S Main St
Keenesburg, CO 80643
Sale on 8/9/2011 for $56,000 ($15.14/SF) - Research Complete
3,700 SF Retail Freestanding Building Built in 1920, Renov 2012
SOLD
Recorded Buyer:
True Buyer:
Buyer Type:
Buyer Broker:
Sale Date
Escrow Length
Sale Price
Asking Price
Price/SF
Price/SF Land Gross
Percent Leased
Tenancy
Buyer & Seller Contact Info
Tom & Lisa LLC
Tom & Lisa LLC
Tom Nguyen
75-77 South Main St
Keenesburg, CO 80643
Other - Private
Colorado Tenderfoot Properties, Inc.
Christine Curl
(303) 732-1115
08/09/2011 (469 days on market)
$56,000 -Confirmed
$75,000
$15.14
$7.47
Multi
Document No: 3784284
Recorded Seller:
True Seller:
Listing Broker:
Transaction Details
Sale Type:
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Transaction Notes
Nixon Rosemarie
Nixon Rosemarie
Rosemarie Nixon
PO Box 152
KEENESBURG, CO 80643
Colorado Tenderfoot Properties, Inc.
Christine Curl
(303) 732-1115
ID: 2180772
Investment
Retail - Freestanding
Built in 1920, Renov 2012 Age: 91
3,700 SF
0.17 AC (7,501 SF)
75 South Main St in Keenesburg, Colorado closed on August 9th, 2011 as reported by the broker. The property ended up selling at $56,000
and was purchased as an investment. The building had recently caught fire so this is a fix up project for the new owner. The broker also
reported to Costar that the new owner was considering converting this once retail location to office space.
This copyrighted report contains research licensed to 1st Net Real Estate Services - 89536.
Page 45
711 39th St
Evans, CO 80620
Sale on 6/15/2010 for $109,000 ($21.80/SF) - Research Complete
5,000 SF Retail Building Built in 1980
SOLD
Recorded Buyer:
True Buyer:
Clark's Honey Farm
Clarks Honey Farm
Clark Sloan
20509 County Road 20
Fort Lupton, CO 80621
(303) 536-0777
Buyer Type: CorporatelUser
Sale Date:
Escrow Length:
Sale Price:
Asking Price:
Price/SF:
Price/SF Land Gross:
Percent Leased:
Sale Conditions:
It S1
L3 3;it'1 5' -
c
Microsoft'
Virtual Earth'
Buyer & Seller Contact Info
06/1 512 01 0 (232 days on market)
60 days
$109,000 -Confirmed
$159,000
$21.80
$9.27
Deferred Maintenance
Parcel No: 096129214012
Document No: 3699571
Recorded Seller:
True Seller:
Seller Type:
Listing Broker:
Transaction Details
Sale Type
Bldg Type
Year Built/Age
GLA
Land Area
Percent Improved:
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
Land Assessed/SF:
Transaction Notes
Sale date, sale price, escrow length, and square footage confirmed with Listing Broker
36t'' St
Lies St
St$6 Jest
37th St
utp_' .1..ei .14f 3'atits,ss
coo
Farmers Bk
Farmers Bank
Fred Bauer
713 S Lemay Ave
Fort Collins, CO 80524
(970) 221-2020
Bank/Finance
Sears Real Estate
Shelley Costigan
(970) 381-4090
Owner/User
Retail
Built in 1980 Age: 30
5,000 SF
0.27 AC (11,761 SF)
89.6%
$229,500 in 2010
$205,700
$23,800
$2.00
ID: 1937246
This copyrighted report contains research licensed to 1st Net Real Estate Services - 89536.
Page 34
126 1st St
Eaton, CO 80615
Sale on 1/27/2011 for $110,000 ($19.00/SF) - Research Complete
5,788 SF Retail Supermarket Building Built in 1925
SOLD
Recorded Buyer:
True Buyer:
Buyer Type:
Buyer Broker:
Sale Date:
Escrow Length:
Sale Price:
Asking Price:
Price/SF:
Price/SF Land Gross:
Percent Leased:
Tenancy:
Sale Conditions:
Financing:
Legal Desc:
Parcel No:
Document No:
N1 cro3olt`
virtual Earti
500 yds
Buyer & Seller Contact Info
Mary B & Shawn M Ragan
Mary B & Shawn M Ragan
Shawn & Mary Ragan
111 Linden Oaks Dr
Ault, CO 80610
Individual
RE/MAX Residential Office
Dean Smith
(970) 226-3990
01/2712011 (146 days on market)
45 days
$170,000 -Confirmed
$140,000
$19.00
$12.63
Single
Deferred Maintenance
Recorded Seller:
True Seller:
Seller Type:
Listing Broker:
Transaction Details
Down payment of $30,000.00 (27.3%)
$80,000.00 from Seller
ETN 14119 W87" L33 THRU 36 BLK43
070931323001
3747906
Sale Type:
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Barbara J Cochran
Barbara J Cochran
Barbara Cochran
2590 Cody Ct
Lakewood, CO 80215
(303) 238-1631
Individual
RE/MAX Residential Office
Dean Smith
(970) 226-3990
Owner/User
Retail - Supermarket
Built in 1925 Age: 86
5,788 SF
0.20 AC (8,712 SF)
ID: 2045883
This copyrighted report contains research licensed to 1st Net Real Estate Services- 89536.
Page 1
213 1st St - TBS Resicom Inc
Eaton, CO 80615
Sale on 7/9/2012 for $100,000 ($28.17/SF) - Research Complete
3,550 SF Retail Storefront Building Built in 1926
Recorded Buyer
True Buyer
Buyer Type
Sale Date:
Escrow Length:
Sale Price:
Asking Price:
Price/SF:
Price/SF Land Gross:
Percent Leased:
Tenancy:
Legal Desc:
Parcel No:
Document No:
mi rozrft-
Virtual Earth'
Buyer & Seller Contact Info
213 First Street LLC
Curt Wiederspan
Curt Wiederspan
213 First St
Eaton, CO 80615
(970) 454-3139
Individual
07/09/2012 (161 days on market)
$100,000 -Full Value
$110,000
$28.17
$44.15
100.0%
Single
Recorded Seller:
True Seller:
Listing Broker:
Transaction Details
Sale Type:
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Percent Improved:
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
Land Assessed/SF:
Tin Can LLP
Julie Walker
Julie Walker
No Listing Broker on Deal
Owner/User
Retail - Storefront
Built in 1926 Age: 86
3,550 SF
0.05 AC (2,265 SF)
93.5%
$105,058 in 2011
$98,200
$6,858
$3.00
ETN 14213-A W25.4" OF 515" OF L14 & W25.4" OF L15 THRU 17 BLK32
070931319020
3858366
SOLD
ID: 2500896
This copyrighted report contains research licensed to 1st Net Real Estate Services - 89536.
Page 3
116 N 2nd Ave
Ault, CO 80610
Sale on 5/24/2011 for $40,000 ($20.00/SF) - Research Complete
2,000 SF Retail Storefront Building Built in 1898
SOLD
Recorded Buyer:
True Buyer:
Gary D Hale
Gary D Hale
Gary Hale
W. 4th St
.) 21d St.
E sr:.i St
ad82 stSt E1stt
GAttraeaTe
Virtual Earth'
Buyer & Seller Contact Info
Recorded Seller: Dahlgren Ronald L
True Seller: Ronald Dahlgren
Ronald Dahlgren
116 N 2nd Ave
Ault, CO 80610
(309) 613-6882
Buyer Broker: No Buyer Broker on Deal Listing Broker: No Listing Broker on Deal
Sale Date: 05/24/2011 (4 days on market)
Escrow Length:
Sale Price: $40,000 -Confirmed
Asking Price: $55,000
Price/SF: $20.00
Price/SF Land Gross: $9.76
Percent Leased:
Tenancy:
Single
Document No: 3772458
Transaction Details
Sale Type: Owner/User
Bldg Type: Retail - Storefront
Year Built/Age: Built in 1898 Age: 113
GLA: 2,000 SF
Land Area: 0.09 AC (4,099 SF)
Transaction Notes
The information in this report has been verified by sources on the seller side of the transaction,
COUr
500 yds
ID: 2143640
This 2000 SF building has sold for a confirmed price of $40,000 or $20.00/SF. The property has been acquired in a transaction between
Ronald Dahlgren and Gary D Hale. It was reported that the property was vacant at the time of sale. Neither party would confirm if there was
or was not financing on the transaction.
This copyrighted report contains research licensed to 1st Net Real Estate Services - 89636.
Page 5
Dan George
From:
Sent:
To:
Subject:
Lisa DelVescovo <lisa@S040group.com>
Thursday, July 11, 2013 1:09 PM
Dan George
RE: 905 Railroad St.
We don't have a lease there....it's vacant
Lisa L. DelVescovo
Administrative Assistant to Fred Orr
Standard Group, LLC
Direct: (303) 295-1216 ext 101
Fax: (303) 295-1256
Original Message
From: Dan George [mailto:dgeorge@lstnetre.com]
Sent: Thursday, July 11, 2013 11:21 AM
To: Lisa DelVescovo
Subject: 905 Railroad St.
Lisa, Can you send me a copy of the lease for 905 Railroad?
Thanks
Dan George
1ST Net Real Estate Services, Inc
3333 S. Wadsworth Blvd. Suite 200d
Lakewood CO 80227
Phone: 720-962-5750
Fax: 720-962-5760
e-mail:dgeorge@lstnetre.com
1st Net Real Estate Services, Inc., 3333 S. Wadsworth Blvd. Ste 200
Lakewood, CO 80227, Phone: 720-962-5750 - Fax: 720-962-5760
LETTER OF AUTHORITY
To Whom It May Concern:
I, Fred R. Orr , am the manager, of the following real and/or business personal property:
ADDRESS
PARCEL/SCHEDULE NUMBER COUNTY
See "Exhibit A", attached hereto and incorporated herein by this reference
I do hereby authorize 1st Net Real Estate Services, Inc. to represent my interests and to appear on my behalf before County Assessor,
County Board of Equalization, Board of County Commissioners, the Colorado Board of Assessment Appeals, binding arbitration,
District Court, all Colorado state courts, and/or any other agency or entity with regard to any and all matter(s) concerning the
valuation and taxation of the above mentioned property(s) for tax years 2013, 2014 and any or all previous years as allowed by
Colorado law.
The undersigned requests that copies of all decisions from any of the above entities, or any other agency or entity, as is involved
pertaining to matters of valuation and/or taxation for the above -mentioned property(s), be mailed to:
1st Net Real Estate Services, Inc.
3333 S. Wadsworth Blvd. Suite 200
Lakewood, CO 80227
Phone: (720) 962-5750
Fax: (720) 962-5760
I hereby expressly revoke any and all previous authorizations relating to the Property(s). This authorization shall remain in effect until
this authorization is terminated in a written instrument executed by the undersigned.
Dated this \ day of _
20 }
Owner: AVALANCHE FUNDING INC, AVALANCHE FUNDING, LLC/ 5350 LLC
76 and 88 LLC / 11450 CHEROKEE STREET LLC / ACME INDUSTRIAL LLC /
5200 BROADWAY LLC / 7000 E. 58TH LLC / STANDARD FINANCIAL SERVICES /
AA WHOLESALE STORAGE LLC / STOCK SHOW DRIVE LLC/ ARVADA INDUSTRIAL LLC /
ERIE EXCHANGE LIB / GILCR_EST.LLC /GLENCOE LLC /
SiRnature:
Print Name:
Title: Managing /Member
Address:
5040 Acorns Street
City, State, Zip: Denver CO 80216
Phone: 303-295-1216 Fax #: 303-295-1256
STATE OF COLORADO )
) SS
COUNTY OF )
Swgrn to and subscribed before me this _
Witness my hand and official seal.
My Commission expires
day oft/F/flstf ,20( by
Notary Public �
Address 33 --� _5l /cJ r2 G� /i #0-r8
.Ll - < r 0227
Address
"EXHIBIT A"
Schedule or Parcel #
County
1. 6300 E. 88th Ave.
2. 11450 Cherokee St.
3. 6521 Washington St.
4. 6501 Washington St.
5. 5200 Broadway
6.7000 E. 58th Ave.
7. 5321 Magnolia St.
8.350 S. Potomac St.
9.360 S. Potomac St.
10. 16810 E. Quincy Ave.
11. 5040 Acoma St.
12. 5010 Acoma St.
13. 5050 Acoma St.
14. 1140 Yuma Ct.
15. 1130 Yuma Ct.
16. 1120 Yuma Ct.
17. 1100 Yuma Ct.
18.4701 Marion St.
19. 601 Bryant
20.4590 Forest St.
21.2501 Ogden St.
22.2531 Ogden St.
23.5350 W. Evans Ave.
24. 12100 W. 52nd Ave.
25. 6340 W. 56th Ave.
26. 8123 W. 125 Frontage Rd.
27. Erie, Colorado
28.905 Rail Road St.
29. Vacant Land / Nancy Ave.
1721-20-0-02-002
1719-03-0-04-006
1825-03-4-02-008
1825-03-4-02-006
1825-15-1-10-002
1823-08-4-13-012
1823-17-1-04-020
1975-18-2-02-002
1975-18-2-02-001
2073-08-1-26-002
2153-05-028
2153-05-029
2153-05-017
5043-13-026
5043-13-027
5043-13-028
5043-13-029
2232-00-155
5081-05-029
1191-03-009
2352-06-018
23 52-06-016
4251-00-102
176201
193785
R0349894
R4704907
R4436786
R0907501
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