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Home My WebLink About20132244August 13, 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 NEW WINDSOR STATION LLC 11501 NORTHLAKE DR CINCINNATI, OH 452491669 RE: THE BOARD OF EQUALIZATION 2013, WELD COUNTY COLORADO APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR ACCOUNT NO.: See Attached Dear Petitioner: On August 02, 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 $7,498,650.00 $6,869,797.00 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. Ver �tr�ul yours, 'ck Esther E. Gesick, Deputy Clerk Weld County Board of County Commissioners Cc: Christopher Woodruff, Weld County Assessor RYAN 5251 DTC PARKWAY ONE DTC SUITE 1045 GREENWOOD VILLAGE, CO 80111 ReA- 2013-2244 AS0085 Accounts for Petitioner: NEW WINDSOR STATION LLC Account: Assessor Value: CBOE Value: R2429803 $4,999,650.00 $4,563,855.00 R2429903 $1,309,000.00 $1,208,383.00 R2430003 $1,190,000.00 $1,097,559.00 COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R2429803, 82429903, R2430003 STIPULATION (As To Tax Year_2013w Actual Value) RE PETITION OF : New Windsor Station, LLC NAME: New Windsor Marketplace ADDRESS: 1520-1550 Main Street Windsor, CO 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: I. The property subject to this Stipulation is described as: WIN 3JF LI, L2 & L3 JACOBY FARM 3RD FG 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 $7,498,650.00 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 $6,869,797.00 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: Further review of current vacancy and income potential. 7. Both parties agree that: QThe hearing scheduled before the Board of Equalization on 08/02/13 at 2:30 p.m. be vacated. flA hearing has not yet been scheduled before the Board of Equalization. R2429803, R2429903, R2430003 2013-2244 ATED thi ofJuly, 2013. etition or gent or Attorney Jfidsist fit) County Attorney for 'R espondent, Weld County Board of Commissioners Address: Address: 1150 "O" Street S� Fe I M S P.O. Box 758 Co t Greeley, CO 80632 Telephone: 72o - s ` - OO,1,A Telephone:(970) 336-7235 Docket Number Stip-1.Frm R2429803, R2429903, R2430003 Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 2 ka Lc e S New W V" 1 1/Ll isor r ) &x(c.c+fg (Cz tic NOTICE OF DETERMINATION a; 3, Christopher M. Woodruff Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 ACCOUNT NO., TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R2429803 2013 0437 WIN 3JF L1 JACOBY FARM 3RD FG 1520 MAIN ST WINDSOR, CO PROPERTY OWNER NEW WINDSOR STATION LLC 11501 NORTHLAKE DR CINCINNATI, OH 452491669 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW COMMERCIAL 4,999,650 4,999,650 TOTAL $4,999,650 $4,999,650 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: AL01 - Your property has been uniformly valued following Colorado law. Your protest of value has been denied due to comparison of other similar properties which sold during the 2011/2012 time period. The King Soopers lease is for land only. 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. Date of Notice: 6/27/2013 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM Please refer to the reverse side of this notice for additional information. RYAN 5251 DTC PARKWAY ONE DTC SUITE 1045 GREENWOOD VILLAGE, CO 80111 RECEIVED JUL 1 7 2013 WELD TY COMMISSIONERS N 15-DPT-AR PR 207-08/13 R2429803 16314 Phillips Edison NTR Fund New Windsor Marketplace APPEAL PROCEDURES 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.gov/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.) $ 4,431,624 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 installed cost, appraisal, etc.) The property is valued in excess of fair market value based on the three approaches to value; cost. market and income. In addition, the property is valued in excess of other similarly situated properties. I ATTESTjPTION I, the her gl1atur jerad.larkin@ryan.com ned eiad La km agent2W of the property identified above, affirm that the statements contained to are true and complete. (720)524-0022 July 15, 2013 Telephone Number Date Email 208 Attach letter of authorization signed by property owner. Address 15-DPT-AR PR 207-08/13 R2429803 16314 P4t Gcl,:hdsor & r -p1Q 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 R2429903 2013 0437 WIN 3JF L2 JACOBY FARM 3RD FG 1540 MAIN ST WINDSOR, CO PROPERTY OWNER NEW WINDSOR STATION LLC 11501 NORTHLAKE DR CINCINNATI, OH 452491669 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW COMMERCIAL 1,309,000 1,309,000 TOTAL $1,309,000 $1,309,000 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: AL01 - Your property has been uniformly valued following Colorado law. Your protest of value has been denied due to comparison of other similar properties which sold during the 2011/2012 time period. The King Soopers lease is for land only. 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. Date of Notice: 6/27/2013 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM Please refer to the reverse side of this notice for additional information. RYAN 5251 DTC PARKWAY ONE DTC SUITE 1045 GREENWOOD VILLAGE, CO 80111 RECEIVED JUL 172013 WELD COUNTY COMMISSIONERS 15-DPT-AR PR 207-08/13 R2429903 16315 Phillips Edison NTR Fund New Windsor Marketplace • APPEAL PROCEDURES 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.) $ 1,160,280 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 installed cost, appraisal, etc.) The property is valued in excess of fair market value based on the three approaches to value; cost, market and income. In addition, the property is valued in excess of other similarly situated properties. igna jerad.larkin@ryan.com r agent2u9 of the property identified above, affirm that the statements contained hereto are true and complete. (720)524-0022 July 15, 2013 Telephone Number Date Email 209 Attach letter of authorization signed by property owner. Address 15-DPT-AR PR 207-08/13 R2429903 16315 T1- New (,c;i'vtd5Dr 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 R2430003 2013 0437 WIN 3JF L3 JACOBY FARM 3RD FG 1550 MAIN ST WINDSOR, CO PROPERTY OWNER NEW WINDSOR STATION LLC 11501 NORTHLAKE DR CINCINNATI, OH 452491669 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW COMMERCIAL 1,190,000 1,190,000 TOTAL $1,190,000 $1,190,000 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: AL01 - Your property has been uniformly valued following Colorado law. Your protest of value has been denied due to comparison of other similar properties which sold during the 2011/2012 time period. The King Soopers lease is for land only. 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. Date of Notice: 6/27/2013 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM Please refer to the reverse side of this notice for additional information. RYAN 5251 DTC PARKWAY ONE DTC SUITE 1045 GREENWOOD VILLAGE, CO 80111 RECEIVED JUL 1 7 2013 WELD COUNTY COMMISSIONERS 15-DPT-AR PR 207-08/13 R2430003 16316 Phillips Edison NTR Fund New Windsor Marketplace APPEAL PROCEDURES 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.gov/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.) $ 1,054,800 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 installed cost, appraisal, etc.) The property is valued in excess of fair market value based on the three approaches to value; cost, market and income. In addition, the property is valued in excess of other similarly situated properties. I ATTEST TION I, the rsii ed here jerad.larkin@ryan.com agent"° of the property identified above, affirm that the statements contained reto are true and complete. (720)524-0022 July 15, 2013 Telephone Number Date Email 210 Attach letter of authorization signed by property owner. Address 15-DPT-AR PR 207-08/13 R2430003 16316 LETTER OF AUTHORIZATION FOR PROPERTY TAX REPRESENTATION New Windsor Station LLC Property Owner See Attached Subject Property Weld County Assessor, CO Jurisdiction and State 2013/2014 Year This letter authorizes Ryan, LLC and its affiliate, Ryan Tax Compliance Services, LLC to represent the above -named property as its property tax agent in the jurisdiction and state named above. This authorization includes, but is not limited to: filing property renditions or returns; signing and filing appeals; examining property tax records; and, appearances before the assessor, boards of equalization or review, or other governmental agencies responsible for the assessment of property. If there are any questions concerning this authorization please contact the following: Jared Larkin, (303)292-6207, Jerad.larkin®ryan.com A copy of any application or appeal attached to this authorization has been provided to the undersigned property owner. A facsimile or scanned image of a signature below shall constitute an original signing of this authorization and the document containing the original signature will be submitted upon request. This authorization shall remain effective as long as permitted by law or until revoked in writing by the owner. ' : person signing below certifies that they are a duly appointed officer, representative or age • of ' : owner and that they have the legal capacity to execute this authorization. Owner. Si na. re ftr Cee.± Tide R. 44 Add, i 2_q( Printed Name Date Sworn and subscribed before me this %�c da f /�}%iA; etc",, , 2013. // Ny Public dtar My commission expires: //-/,3/s Company: Phillips Edison & Company Site: New Windsor Marketplace CYNTHIA BLEIKAMP NOTARY PUBLIC • STATE OF OHIO Recorded in Hamilton County My commission expires Nov. 13, 2015 Parcel Account Number Parcel Address R2429803 1520 Main St, Windsor R2429903 1540 MAIN ST. WINDSOR R2430003 1550 MAIN ST, WINDSOR R2430303 1560 Main St, Windsor R2431003 VACANT LAND R2431103 1520 Main Street Ran.)® Innovative solutions to Taxing Problems. July 15, 2013 CERTIFIED RETURN RECEIPT 7011 1150 0001 8720 8486 Weld County Board of Equalization 1150 O Street, PO Box 758 Greeley, CO 80631 Re: 2013 Property Protests 5251 DTC Parkway One DTC Suite 1045 Greenwood Village, CO 80111 Tel. 720.524.0022 Fax 720.524.0651 www.ryan.corn End osed are the 2013 Objection to Reel Property Assessments for the fol I owing taxpayers and parcels numbers Taxpayer LN Real Estate LLC LN Real Estate LLC New Windsor Station LLC New Windsor Station LLC New Windsor Station LLC New Windsor Station LLC NEW WINDSOR STATION LLC NEW WINDSOR STATION LLC REALTY INCOME CORPORATION Western Equipment Truck Inc Inland PPD HudsonAc'ldates, LLC Parcel R0208287 R8372200 R2429803 R2429903 R2430003 R2430303 R2431003 R2431103 120723202014 096124201001 R6775763 If you have questions, or need additional information, please contact Mr. Ian James at (720) 524- 0022. Sincerely, Michelle Turner Senior Analyst a Qat m in t Greenwood Village, Colorado 80111 t. \\ gt 7011 1150 0001 8720 8486 July 22, 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 NEW WINDSOR STATION LLC 11501 NORTHLAKE DR CINCINNATI, OH 452491669 Account No.: See Attached Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 02, 2013, at or about the hour of 2:30 PM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2013, and mailed to you on or before August 12, 2013. Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you have questions, call (970) 353-3845. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. AS0085 NEW WINDSOR STATION LLC - Multiple Accounts Page 2 Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION 41 ct .44 Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor RYAN 5251 DTC PARKWAY ONE DTC SUITE 1045 GREENWOOD VILLAGE, CO 80111 AS0085 NEW WINDSOR STATION LLC - Multiple Accounts Page 3 Accounts scheduled for this hearing: R2429803 R2429903 R2430003 AS0085 Hello