HomeMy WebLinkAbout20132020.tiffJuly 30, 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
F & S PETROLEUM INC
6335 S IDER WAY
AURORA, CO 80016
RE: THE BOARD OF EQUALIZATION 2013, WELD COUNTY, COLORADO
DENIAL OF PETITIONER'S APPEAL AND AFFIRMATION OF ASSESSOR'S VALUE
ACCOUNT NO.: R2390903
Dear Petitioner:
On July 30, 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 petition for appeal of the Weld County Assessor's valuation of your property
described above, for the year 2013.
The Board of Equalization found that the evidence presented at the hearing supported the 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. This decision is based upon the Board's analysis of the
written and oral testimony presented by both parties. Further that it is the Board's decision that
the taxpayer/did not present sufficient evidence to show that the value of the property was not
reasonably valued by the Assessor.
The Assessment and valuation of the Weld County Assessor was affirmed as follows:
ACTUAL VALUE AS ACTUAL VALUE AS
DETERMINED BY ASSESSOR SET BY BOARD
$845,778.00 $845,778.00
cc .• Pe74
7SP- 2O/3
2013-2020
AS0085
A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within
thirty (30) days of the date the denial is mailed to you. You must select only one of the
following three (3) options for appeal:
1. Appeal to Board of Assessment Appeals: You have the right to appeal the County
Board of Equalization's decision to the Colorado Board of Assessment Appeals. A hearing
before that Board will be the last time you may present testimony or exhibits or other evidence,
or call witnesses in support of your valuation. If the decision of the Board of Assessment
Appeals is further appealed to the Court of Appeals pursuant to C.R.S. Section 39-8-108(2),
only the record of proceedings from your hearing before the Board of Assessment Appeals and
your legal brief are filed with the appellate court.
All appeals to the Board of Assessment Appeals filed after August 10, 2013, MUST
comply with the following provisions of C.R.S. Section 39-8-107(5):
(5)(a)(I) On and after August 10, 2013, in addition to any other requirements under law, any petitioner
appealing either a valuation of rent -producing commercial real property to the board of assessment
appeals pursuant to section 39-8-108(1) or a denial of an abatement of taxes pursuant to section 39-10-
114 shall provide to the county board of equalization or to the board of county commissioners of the
county in the case of an abatement, and not to the board of assessment appeals, the following
information, if applicable:
(A) Actual annual rental income for two full years including the base year for the relevant property tax
year;
(B) Tenant reimbursements for two full years including the base year for the relevant property tax year;
(C) Itemized expenses for two full years including the base year for the relevant property tax year; and
(D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject
property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for
two full years including the base year for the relevant property tax year.
(II) The petitioner shall provide the information required by subparagraph (I) of this paragraph (a) within
ninety days after the appeal has been filed with the board of assessment appeals
(b)(I) The assessor, the county board of equalization, or the board of county commissioners of the county,
as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal
with the board of assessment appeals not more than ninety days after receipt of the petitioner's request,
the following information:
(A) All of the underlying data used by the county in calculating the value of the subject property that is
being appealed, including the capitalization rate for such property; and
(B) The names of any commercially available and copyrighted publications used in calculating the value
of the subject property.
(II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b)
shall redact all confidential information contained therein.
(c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this
subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the county may move
the board of assessment appeals to compel disclosure and to issue appropriate sanctions for
noncompliance with such order. The motion may be made directly by the county attorney and shall be
2013-2020
AS0085
accompanied by a certification that the county assessor or the county board of equalization has in good
faith conferred or attempted to confer with such petitioner in an effort to obtain the information without
action by the board of assessment appeals. If an order compelling disclosure is issued under this
paragraph (c) and the petitioner fails to comply with such order, the board of assessment appeals may
make such orders in regard to the noncompliance as are just and reasonable under the circumstances,
including an order dismissing the action or the entry of a judgment by default against the petitioner.
Interest due the taxpayer shall cease to accrue as of the date the order compelling disclosure is issued,
and the accrual of interest shall resume as of the date the contested information has been provided by
the taxpayer.
Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board,
and must be mailed or delivered within thirty (30) days of the date the denial by the Board of
Equalization is mailed to you.
The address and telephone number of the Board of Assessment Appeals are:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, Colorado 80203
Telephone Number: 303-866-5880
Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not
charged for the first two (2) appeals to the Board of Assessment Appeals. A taxpayer
represented by an attorney or agent must pay a fee of $101.25 per appeal.
OR
2. Appeal to District Court: You have the right to appeal the decision of the Board of
Equalization to the District Court of the /county wherein your property is located: in this case that
is Weld County District Court. A hearing before The District Court will be the last time you may
present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If
the decision of the District Court is further appealed to the Court of Appeals pursuant to C.R.S.
Section 39-8-108(1), the rules of Colorado appellate review and C.R.S. Section 24-4-106(9),
govern the process.
OR
3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you
choose this option, the arbitrator's decision is final and you have no further right to appeal
your current valuation. C.R.S. Section 39-8-108.5 governs this process. The arbitration process
involves the following:
a. Select an Arbitrator: You must notify the Board of Equalization that you will
pursue arbitration. You and the Board of Equalization will select an arbitrator
from the official list of qualified people. If you cannot agree on an arbitrator, the
District Court of the county in which the property is located (i.e., Weld) will select
the arbitrator:
b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60)
days from the date the arbitrator is selected, and are set by the arbitrator. Both
you and the Board of Equalization are entitled to participate in the hearing. The
hearing is informal. The arbitrator has the authority to issue subpoenas for
2013-2020
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witnesses, books, records documents and other evidence pertaining to the value
of the property. The arbitrator also has the authority to administer oaths, and
determine all questions of law and fact presented to him. The arbitration hearing
may be confidential and closed to the public if you and the Board of Equalization
agree. The arbitrator's decision must be delivered personally or by registered
mail within ten (10) days of the arbitration hearing.
c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by
you and the Board of Equalization. In the case of residential real property, the
fess may not exceed $150.00 per case. For cases other than residential real
property, the arbitrator's total fees and expenses are agreed to by you and
Board of Equalization, but are paid by the parties as ordered by the
arbitrator.
If you have questions concerning the above information, please contact me at (970) 336-7215,
Ext 4226.
Very truly yours, g/
Esther E. Gesick, Deputy Clerk
Weld County Board of County Commissioners
Cc: Christopher Woodruff, Weld County Assessor
2013-2020
AS0085
Weld County
CHRISTOPHER M. WOODRUFF COUNTY ASSESSOR
BRENDA BONES, DEPUTY ASSESSOR
VALUATION REPORT
OF
COMMERCIAL PROPERTY
FOR
Weld County Board of Equalization
F & S PETROLEUM INC
PETITIONER
VS.
WELD COUNTY ASSESSOR'S OFFICE
RESPONDENT
Parcel Number: 0961-16-2-28-002
Schedule Number: R2390903
Log Number: 7607
Date: 07/30/2013
Time: 10:45
Board: CBOE
PREPARED BY
CHARLES JACK
WELD COUNTY ASSESSOR'S OFFICE STAFF APPRAISER
ASSESSOR'S VALUE
COMMERCIAL $845,778
2013-2020
645"1dec.oy
Weld County
CHRISTOPHER M. WOODRUFF COUNTY ASSESSOR
BRENDA DONES, DEPUTY ASSESSOR
VALUATION REPORT
OF
COMM ERG AL PROPERTY
FOR
Weld County Board of Equalization
F & SPETROLEUM INC
PETITIONER
VS.
WELD COUNTY ASSESSOR'S OFFI CE
RESPONDENT
Parcel Number: 0961-16-2-28-002
Schedule Number: R2390903
Log Number: 7607
Date: 07/ 30/2013
Time: 10:45
Board: CBOE
PREPARED BY
CHARLES.J4CK
WELD COUNTY ASSESSOR'S OFFICE STAFF APPRAI SER
ASSESSOR'S VALUE
COMMERCIAL $845,778
CBOECOMM 010998
Page 1
SALI ENT FACTSAND CONCLUSIONS
Purpose of Appraisal
Property Rights Appraised
Location
Land Area
Zoning
To determine Market Value as of 1/ 1/ 13 based on an
appraisal date of 6/ 30/ 12.
Unencumbered fee simple interest.
101 E22ST
GREELEY
29,309 Square Foot
Property Type Commercial
1- Mini -Mart Convenience Stores
Year Built 2003
Year Remodeled
Quality Cood
Class Masonry
Number of Stories 1
Improvement Sq. Ft. 3,912
Value Indications:
Land
Cost Approach
Market Approach
Income Approach
$117,236
n/a
$860,640
$852,400
Assessor 's Value $845,778
CBOECOMM 010998
Page 2
Subject Photos
CBOE_COMM _010998
Page 3
O
W
m
16.0'
Automatic
Car Wash
1 Bay
912.0
8.0'
24.0' 2'.
Sketch by Apex IVWndows k
75.0'
Cony. Store
Blt 2003
Class C
14' wh
Package Air
First Floor 3000.0
East 22nd Street
75.0'
Steel Canopy
Blt 2003
18'wh
2376.0
99.0'
Sketch by Apex IV Windows^'
CBOE_COMM_010998
Page 4
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Sale: 1:3,003
CBOECOMM 010998
Page 5
MARKET APPROACH SUMMARY
Real property for the tax year 2013 must be valued utilizing the level of value for the period of one
and one-half years immediately prior to June 30th, 2012. A period of five years immediately prior
to lily 1, 2012 shall be utilized to determine the level of value if adequate data is not available from
such one and one-half year period to adequately determine the level of value for a dass of property.
Said level of value shall be adjusted to the final day of the data -gathering period. Changes occurring
between base years are not to be accounted for until the fol lowi ng level of value is implemented,
other than additions, change in use, detrimental acts of nature, damage due to fire, eta, creation of a
condominium, new regulations restricting or increasing the use of the land, or a combination
thereof {39-1-104(11)(b)(I),CRS}.
The comparable sales in this report were selected using county records, as well as the Multiple
Listing Services.
The Weld County Assessor's Office has verified that the comparable sales are arms -length
transactions based on review of the Real Property Transfer Dedaration, telephone or personal
confirmation interviews and physical inspections to confirm property characteristics at the time of
sale.
Based upon investigation and analysis, it is the opinion of the appraisers that the value
of $860,640 accurately reflectsthe market value of the subject property.
VALUE ASI NDICATED BY THE MARKET APPROACH
$860,640
CBOECOMM 010998
Page 6
COMPARATIVE SALES APPROACH
SALE #
Subject
1
2
3
4
5
6
Comments
Gas o the Go
Convenience Store
Conoco / Subway
convenience store
Fast Break
Conoco
Convenience
Store
Food Mart
Parcel#
96116225020
70713200013
95912104021
95903421002
131509050005
9701138019
Address
101 E 22 St
203 S 85 Hwy
1110 28 Av
1095 1 St
1800 Boston Av
501 S Taft
1037 Conifer
Greeley
Ault
Greeley
Berthoud
Longmont
Ft. Collins
Ft Collins
Grantor
WISHCO
Karma
Sky
Metro
D & B
Khang
Grantee
Metro Gas
Goldman
Aspire
Phillip
Sun Energy
REV
Sale Date
4/23/2009
6/30/2009
1/30/2012
1/24/2012
8/29/2011
10/21/2009
Adjusted Sale
Assessor's Value
$845,778
$775,000
$475,000
$700,000
$425,000
$575,000
$825,000
Land Size
29,309
18,200
22,500
18,731
18,200
22,215
17,397
LIB Ratio
7.49
4.55
13.16
8.92
9.84
8.48
6.20
Bldg SF
3,912
4,000
1,710
2,100
1,849
2,620
2,806
Sale Price PSF
Assessor's Value
PSF $216.20
$193.75
$277.78
$333.33
$229.85
$219.47
294.01
Size
-10%
-10%
-10%
-5%
-5%
Location Adj
5%
0%
0%
0%
-15%
-0.15
Adjusted Sale PSF
$203.44
$250.00
$300.00
$206.86
$175.57
$235.21
Comps Range:
$175.57 - $300.00
Comps Avg:
$228.51
Comps Median:
$221.04
Value per Market Sales
$220 x 3,912 sq ft = $860,640
CBOE_COMM_010998
Page 7
COMPARABLE SALE #1
ACCOUNT
PRIMARY OCC:
SECONDARY OCC:
THIRD OCC:
ADDRESS:
R0811386
Mini -Mail Convenience
203 S 85 HWY AULT
RECEPT NUMBER: 3619650
GRANTOR: WISHCO #2 LLC
GRANTEE: METRO GAS CONVENIENCE STORE
YEAR BUILT:
EFFECTIVE AGE:
LAND SIZE (SF):
BLDG SIZE (SF):
WALL HEIGHT:
STORIES:
BSMNT SIZE:
BSMNT FINISH:
ZONING:
QUALITY:
COUNTY: WELD
PARCEL NUMBER: 070713200013
PERCENT: 100%
PERCENT:
PERCENT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
1976 CLASS:
LAND/BLDG RATIO:
18,200 LAND VALUE:
4,000 IMPS PRICE/SF:
18 SALE PRICE/SF:
1
ALT C
Average
4/23/2009
$775,000
S
4.55
$45,500
$182.37
$193.75
Sale Price per Annual gal:
DOWN PYMT:
LOAN TERM (YRS):
POINTS PAID:
1.44
COMMENTS: Ault Conoco has 2,920 SF of retail store and a 1,080 SF arcade. It also has 1,080 SF of mezzanine storage which is not included
in building size. Canopy is 26' X 45', 1-6,000 & 1-8,000 gallon underground tanks, 2 -two sided fuel dispensers. Confirmed sale
with Nemat Qasimi. According to the seller the store was averaging the sale of 45,000 gallons per month for 2007 and 2008.
CBOE_COMM _010998
Page 8
COMPARABLE SALE #2
ACCOUNT
PRIMARY OCC:
SECONDARY OCC:
THIRD OCC:
ADDRESS:
R2130686
Mini -Mail Convenience
1110 28 AV GREELEY
RECEPT NUMBER: 3634361
GRANTOR: KARMA LLC
GRANTEE: GOLDMANS FAST BREAK LLC
YEAR BUILT: 1972
EFFECTIVE AGE:
LAND SIZE (SF): 22,500
BLDG SIZE (SF): 1,710
WALL HEIGHT: 12
STORIES: 1
BSMNT SIZE:
BSMNT FINISH:
ZONING:
QUALITY:
GRE CH
Average
57.0'
Convenience Store
First Floor 1710.0 SF
Canopy
2560.0 SF
40.0'
Sketch by {tax IV"
COUNTY: WELD
PARCEL NUMBER: 095912104021
PERCENT: 100%
PERCENT:
PERCENT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
CLASS:
LAND/BLDG RATIO:
LAND VALUE:
IMPS PRICE/SF:
SALE PRICE/SF:
INTEREST RATE:
DOWN PYMT:
LOAN TERM (YRS):
POINTS PAID:
6/30/2009
$475,000
C
13.16
$ 112,500
$211.98
$277.77
0
COMMENTS: The property is known as Greeley Fast Break. Canopy is 40' X 64', 1-8,000 gallon & 2-10,000 gallon underground tanks, 4 -
double sided dispenser. Confirmed sale with Tony Goldman.
CBOE_COMM_010998
Page 9
COMPARABLE SALE #3
ACCOUNT
PRIMARY OCC:
SECONDARY OCC:
Mini -Mart Convenience
ADDRESS: 1095 1st Street, Berthoud
RECEPT NUMBER: 20120029284
GRANTOR: Aspire Eventing
GRANTEE: Sky Petroleum
YEAR BUILT: 1972
EFFECTIVE AGE:
LAND SIZE (SF): 18,731
BLDG SIZE (SF): 2,100
WALL HEIGHT: 18
STORIES: I
BSMNT SIZE:
BSMNT FINISH:
ZONING:
QUALITY:
COMMENTS:
ALT C
Average
COUNTY: WELD
PARCEL NUMBER: 09414474026
PERCENT: 100%
PERCENT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
CLASS:
LAND/BLDG RATIO:
LAND VALUE:
IMPS PRICE/SF:
SALE PRICE/SF:
01/30/2012
$700,000
S
8.91
$333.00
Sale Price per Annual gal:
DOWN PYMT:
LOAN TERM (YRS):
POINTS PAID:
CBOE_COMM _010998
Page 10
COMPARABLE SALE #4
ACCOUNT
PRIMARY OCC:
SECONDARY OCC:
ADDRESS:
Mini -Mail Convenience
1800 Boston Ave, Longmont
RECEPT NUMBER: 3202183
GRANTOR: Phillip 66
GRANTEE: METRO GAS CONVENIENCE STORE
YEAR BUILT:
EFFECTIVE AGE:
LAND SIZE (SF):
BLDG SIZE (SF):
WALL HEIGHT:
STORIES:
BSMNT SIZE:
BSMNT FINISH:
ZONING:
QUALITY:
COMMENTS:
COUNTY: Boulder•
PARCEL NUMBER: 131509050005
PERCENT: 100%
PERCENT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
1970 CLASS:
LAND/BLDG RATIO:
LAND VALUE:
IMPS PRICE/SF:
SALE PRICE/SF:
18,200
1,849
18
1
ALT C
Average
01/24/2012
$425,000
S
9.81
$229.85
Sale Price per Annual gal:
DOWN PYMT:
LOAN TERM (YRS):
POINTS PAID:
CBOE_COMM _010998
Page 1 1
COMPARABLE SALE #5
ACCOUNT
PRIMARY OCC:
SECONDARY OCC:
Mini -Mart Convenience
ADDRESS: 501 S Taft Hill Rd, Ft. Collins
RECEPT NUMBER: 20110054191
GRANTOR: D & B
GRANTEE: Sun Energy
YEAR BUILT: 1963
EFFECTIVE AGE:
LAND SIZE (SF): 22,215
BLDG SIZE (SF): 2,620
WALL HEIGHT: 18
STORIES: 1
BSMNT SIZE:
BSMNT FINISH:
ZONING:
QUALITY:
COMMENTS:
ALT C
Average
COUNTY: Larimer
PARCEL NUMBER: 09716100048
PERCENT: 100%
PERCENT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
08/29/2011
$575,000
CLASS: S
LAND/BLDG RATIO: 8.47
LAND VALUE:
IMPS PRICE/SF:
SALE PRICE/SF:
Sale Price per Annual gal:
DOWN PYMT:
LOAN TERM (YRS):
POINTS PAID:
$219.00
CBOE_COMM _010998
Page 12
COMPARABLE SALE #6
ACCOUNT
PRIMARY OCC:
SECONDARY OCC:
ADDRESS:
RECEPT NUMBER:
GRANTOR: Khang
GRANTEE: REV
Mini -Mail Convenience
1037 Conifer St, Ft Collins
20090073012
YEAR BUILT: 1995
EFFECTIVE AGE:
LAND SIZE (SF): 17,397
BLDG SIZE (SF): 2,806
WALL HEIGHT: 18
STORIES: 1
BSMNT SIZE:
BSMNT FINISH:
ZONING: ALT C
QUALITY:
COMMENTS:
Average
COUNTY: Larimer
PARCEL NUMBER: 09701138019
PERCENT: 100%
PERCENT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
CLASS:
LAND/BLDG RATIO:
LAND VALUE:
IMPS PRICE/SF:
SALE PRICE/SF: $294.01
Sale Price per Annual gal:
DOWN PYMT:
LOAN TERM (YRS):
POINTS PAID:
10/21/2009
$825,000
S
6.2
CBOE_COMM _010998
Page 13
I NCOME APPROACH SUMMARY
The Weld County Assessor has appropriately considered the IncomeApproach to value for the aibject
property on appeal.
The Assessor has gathered income information from local commercial properties for the time frame of
January 1, 2011 through June 30, 2012. This information, combined with statewide and industry -wide
data, is used to determine typical income and expenses for various property types.
In condusion of the IncomeApproach, the Assessor has considered both groups of data and has put more
emphasis on the local factors and data than the state and national data. This information was then applied
to the subject property to arrive at an appropriate Income Approach Value.
TOTAL I NCOME VALUE FOR THE SUBJECT PROPERTY
$852,400
CBOECOMM 010998
Page 14
MARKET INCOME WORKSHEET
Parcel :
096116228002
Name:
F & S Petroleum
Address:
101 E 22 St, Greeley
Bldg Sq Ft
Use
3,912
Cony. Store
Avg NNN Rent PSF
NNN
Subject Rents
1
Annual
Rent per
Annual Gross
Area
Rent PSF
Month
Income
Main Fir PSF 3,912
$25.00
$8,150 $97,800
LessVacancy & Expenses
Vacancy
10%
$9,780
$88,020
Expenses 1
mgmt
5%
$4,401
R/R
3%
$2,641
Net Income
$20.70
$80,978
Net Income/Overall
Cap Rate
= Property Value
Property
Value
Cap Rate + Eff Tax Rate
0.095
0.09500
$852,404
Estimated Property Value
$852,400
Value psf
$217.89
CBOE CC MM 010998
Page 15
Comparable
_
Bldg
Income
Rentals
Use
Address
Size
Per Sq Ft
96119322002
Cony Store
3636 23 Av, Grly
2,526
$29.72
95911327005
Cony Store
4695 20 St, Grly
2,054
$27.51
096109300068
Cony Store
104 E. 18 St, Grly
2,400
$25.00
096120319004
Cony Store
1011 37 St, Evans
2,400
$25.00
Avg Lease
$26.81
Median Lease
$26.26
CBOECOMM 010998
Page 16
CONCLUSION
Real property for the tax year 2013 must be valued utilizing the level of value for the period of one
and one-half years immediately prior to June 30th, 2012. A period of five years immediately prior
to lily 1, 2012 shall be utilized to determine the level of value if adequate data is not available from
such one and one-half year period to adequately determine the level of value for a dass of property.
Said level of value shall be adjusted to the final day of the data -gathering period. Changes occurring
between base years are not to be accounted for until the fol lowi ng level of value is implemented,
other than additions, change in use, detrimental acts of nature, damage due to fire, eta, creation of a
condominium, new regulations restricting or increasing the use of the land, or a combination
thereof {39-1-104(11)(b)(I),CRS}.
The subject property has been classified as Commercial Property for assessment purposes. Commercial
property value shall be determined by appropriate consideration of the Cost Approach, Market Approach,
and Income Approach to value. {39-1-103(5)(a) C. R. S.} The Assessor has considered all throe approaches to
value for the subject parcel on appeal.
FINAL RECONCILIATION
After consideration of the cost, market and income approaches, it isthe Weld County Assessor's opinion
that the value of $845,778 , most accurately reflects the value of the subject property in Weld County for
the 2013 tax year.
COST APPROACH MARKET APPROACH I NCOM E APPROACH
N/A
$860,640 $852,400
ASSESSOR'S VALUE
COMMERCIAL $845,778
CBOECOMM 010998
Page 17
ADDENDUM "A"
Non Market Sale
Not considered in this report
CBOECOMM 010998
Page 18
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COMPARABLE SALE
ACCOUNT NUMBER: R0269295
PRIMARY OCC:
SECONDARY OCC:
Mini -Mart Convenience Stores
ADDRESS: 3636 23 AV, EVANS
RECEPT NUMBER: 3857942
GRANTOR: RREG INVESTMENTS
GRANTEE: DAGEENAKIS JOHN A
YEAR BUILT: 1995
EFFECTIVE AGE:
LAND SIZE (SF):
BLDG SIZE (SF):
WALL HEIGHT:
STORIES:
BSMNT SIZE:
BSMNT FINISH:
ZONING:
QUALITY:
25,779
2,920
15'
1.0
Good
Convenience Store
Class C
Blt 1995
13'w11
Package -air
2920.0 sf
2006 addition
393.6 sf
26.5'
Canopy
20'wh
3600.0 sf
(4) 2 hose/3product
Pumps
0 0
60.0'
Sketch by Apex Me r a'4
60.0'
Conc. paving 5'
(1) 15,000 gal tank
(1) 7,000 gal tank
(1) 8,000 gal tank
Location of Car Wash
COUNTY: WELD
PARCEL NUMBER: 0961 19322002
PERCENT: 100.0%
PERCENT:
SALE DATE: 6/27/2012
SALE PRICE: $415,000
ADJ SALE PRICE:
CLASS:
LAND/BLDG RATIO:
LAND VALUE:
IMPS PRICE/SF:
SALE PRICE/SF:
INTEREST RATE:
DOWN PYMT:
LOAN TERM (YRS):
POINTS PAID:
C
8.8284
$257,790
$53.83
$ 142.12
COMMENTS The subject convenience store had been closed for approximately 1 '/2 years due
to a bank foreclosure. The subject was in poor condition due to lack of normal maintenance and
vandalism. A considerable amount of upgrading needs to be done before the subject could open
again. The pumps are also in need of replacement. It had been listed as is for $635,000 before
the subject sale.
CBOE_COMM_010998
Page 19
/0
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
R2390903
2013
0683
GR PMU1 R ENVELOPE 1 BLK1 PARKVIEW MIXED
USE 1ST RPLT
101 E 22 ST
GREELEY, CO 000000000
PROPERTY OWNER.
F & S PETROLEUM INC
6335 S IDER WAY
AURORA, CO 80016
PROPERTY CLASSIFICATION
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
REVIEW
ACTUAL VALUE AFTER
REVIEW
COMMERCIAL
899,760
845,778
TOTAL
$899,760
$845,778
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:
CM03 - After review of your property, we have made adjustments. This was done because of
additional information obtained, or provided thru the appeal process.
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.
RECEIVED
JUL 1 6 2 ?
WELD COUNTY
COMMISSIONrr
15-DPT-AR
PR 207-08/13
R2390903 16896
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 decisi nrearrathe Petition f2rthe County Board of Equalization shown
below, and mail or deliver py of both sides of this form to:
Weld County Board of Equalization `N
1150 O Street, P.O. Box 758
Greeley, CO 80631
Telephone: (970) 356-4000 ext, 4225
To preserve your appeal rights, your —Petition —t th Gounty 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 dgllar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.)
$ 79) cs°° , '1:1 --
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
in ,aaUed cost, appraisal et . S' t.% �L Si�fi7ia✓v S-- la ( C-"'‘ 1 c - S1
z3a0 4 -37 I i.ST . i--'31-1 -C L 3 cle" A i "2--iC i°11C ft -I Ct, a=` riffih\ kN`rl -4
ATTESTATION
I, the undersigned owner or agent°' of the property identified above, affirm that the statements contained
herein and on any attachments hereto are true and complete.
gillA 7z0';ft-`c 2.111 l3
Signature Telephone Number Date
Email
659 Attach letter of authorization signed by property owner.
Address
15-DPT-AR
PR 207-08/13
R2390903 16896
•
• CPU -7•;7„,c5'
1, `nti ; •.
a
0600 0001 7182
in
N
wan
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
F & S PETROLEUM INC
6335 S IDER WAY
AURORA, CO 80016
Account No.: R2390903
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of July 30, 2013, at or about the hour of
10:45 AM, 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
F & S PETROLEUM INC - R2390903
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
Esther E. Gesick
Deputy Clerk to the Board
cc: Christopher Woodruff, Assessor
AS0085
BOE SUMMARY SHEET
Account Number: R2390903
F & S PETROLEUM INC
6335 S IDER WAY
AURORA, CO 80016
HEARING DATE: July 30, 2013, AT 10:45 AM
HEARING ATTENDED? (Y
AGENT NAME:
APPRAISER NAME:
NAME:
DECISION
ACTUAL VALUATION
APPROVE BY
ASSESSOR
SET BY
BOARD
TOTAL ACTUAL VALUE
$845,778.00
g'115/1Qf,CO
COMMENTS:
MOTION BY ,J/ [`-TO d
bl._
SECONDED BY
Failed to prove appropriate value
No comparables given
Assessor's value upheld
Other:
Conway --
Garcia --
Kirkmeyer --
eemreal I <1"9' --
Rademacher --
N)
N)
N)
%N)
/N)
RESOLUTION NO. 2013-2020
m:\OBOE\Letter Templates\Summary Sheet.docx
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