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Home My WebLink About20132057.tiffQ PETITION TO STATE BOARD OF ASSESSMENT APPEALS 1313 Sherman Street, Room 315 Phone: (303) 866-5880 Denver, Colorado 80203 Fax: (303) 866-4485 Date: g- 7 —,AO Property Owner: A1S ,V .fir ✓e; Subject Property: 75a, 51-/N t 2i ✓�(. RE1 I GK C1fr/ Street Address City > Schedule Number(s): R oA7 t 573 — Appeals the decision of the VVij7 County Attach separate sheet if necessary ilrBoard of Equalization Board of Commissioners O State Property Tax Administrator This Appeal concerns: gialuation O Refund/Abatement O Exemption O State Assessed The subject property is currently classified as: ❑ Agricultural Commercial ❑ Oil & Gas ID Personal El Vacant -Land Actual Value assigned to subject propertyt.io�4� Estimated time for Petitioner to present the appeal: '© minutes or ',, 5 hours. Not less than 30 minutes. Board will allow equal time to County or Property Tax Administrator. ❑Exempt ❑Possessory Interest O Industrial lJMixed Use ❑ Producing ®Residential Mines For Office Use Only Docket No. Fee: Y N Check/Credit Card # F F N RECEIVED AUG 082013 WELD COUNTY COMMISSIONERS Dated: —a —AO/ Tax Year: s,0 1 3 a Natural Resources ❑State Assessed Appearance: ,Petitioner will be present at the hearing ❑ Petitioner will be represented by an agent ❑ Petitioner will be represented by an attorney coo Petitioner's estimate of value: .731, 0Petitioner will appear by telephone Petitioner is responsible for calling the Board at 303-866-5880 on the scheduled date and time of hearing (Mountain Time Zone) p Petitioner would like to appear by video conference Petitioner must contact the Board at 303-866-5880 at least 20 days in advance of the scheduled hearing to confirm availability of video conference equipment If the property owner is an entity, it must appear under the representation of an attorney licensed in Colorado except as follows. A closely held entity may be represented by an officer of the entity as long as the amount in controversy does not exceed $10,000, exclusive of costs, interest or statutory penalties. A closely held entity can have no more than three owners. See Section 13-1-127, C.R.S. A closely held entity that will be represented by an officer of the entity must provide a letter to the Board with this petition stating that it has no more than three owners and that the tax amount at issue does not exceed 515,000 as of August 7, 2013. A trust filing a petition as of August 8, 2012 may be represented by a trustee, an attorney or an agent. Filing Fee: None /// ❑ $ 33.75 P $101.25 Petitioner is appearing pro se (self -represented) and has not filed more than two Petitions with the Board of Assessment Appeals during this fiscal year (July 1 — June 30). Petitioner is appearing pro se (self -represented) and has filed more than two Petitions with the Board of Assessment Appeals during this fiscal year (July 1 — June 30). Petitioner will be represented by an agent or by an attorney. In the space below, please explain why you disagree with the value assigned to the subject property £ J6- j ciA/C-Y. P70 pw.5)46gym, er -rol P/ore-g s ;49;46- Croti, rk1141* etrYnnew4viciti-t'oet, 910-0., M e-4, g Ig ti3.)--7 Vl5 DD$5 Required attachments to this form: XAssessor's or Property Tax Administrator's Notice of Valuation or Notice of Denial XDecision of County Board of Equalization, County Board of Commissioners or Property Tax Administrator Attachments required under certain circumstances: ❑ A notarized Letter of Authorization if an agent will be representing Petitioner O A list of names, fast known addresses and telephone numbers of co -owners or parties directly interested in the subject property if applicable. Certificate of Service I hereby certify that a true and correct copy of the foregoing Petition to the State Board of Assessment Appeals and attachments were mailed, faxed or hand delivered to: County at the following address: Board of Equalization ❑ Board of Commissioners ❑ State Property Tax Administrator 050 O STET" on -7- -aO 13 Date ?O, SS O1-4 } j Co so b,3? I hereby certify that a true and correct copy of the foregoing Petition to the State Board of Assessment Appeals and attachments were mailed, faxed or hand delivered to all co -owners or parties directly interested in the subject property on — ? -42.o i3 Date I hereby certify that four (4) true and correct copies of the foregoing Petition to the State Board of Assessment Appeals and attachments were mailed or hand delivered to the Board of Assessment Appeals at 1313 Sherman Street, Room 315, Denver, CO 80203 on O "" -ao Date (One copy may be faxed to the Board but the original and two additional copies must be mailed or hand delivered.) Petitioner's Mailing Address is Required Even if Petitioner is Represented by An Agent or Attorney (per C.R.S. 39-8-109) Signature of Agent D or Attorney D Signature of Petiti Printed Name AH t"�1 p✓ Printed Name 4513 Mailing Address Mailing Address City, State, Zip Code v -&-%R f3O5 3 City, State, Zip Code Telephone: Telephone: 3 ~ Lfyq E -Mail: E -Mail: A/ Daytime number A - Attorney Reg. No.: It is the Petitioner's responsibility to notify the BAA of any change of address. Petitioners are strongly encouraged to read the Instructions and Rules of the Board of Assessment Appeals prior to completing this Petition Form. The Instructions and Rules are available on the Web at www.dola.Colorado.gov/baa or may be requested by phone at 303-866-5880. 2013 REAL PROPERTY NOTICE OF VALUATION 0372424 In order to save postage and printing costs, this is a condensed version of your Notice of Valuation. See your entire Notice of Valuation which includes a listing of property characteristics germane to value, further details on the protest and appeal process, sales data used for this valuation cycle, and an online protest filing application at www.weldgov.com/Departments/Assessor. Property Owner: JOHNSON DRIVE 7500 LLC Business Name: Account Property Address/Description R0271595 7500 JOHNSON DR FREDERICK FRE FWBCRA L5A BLK2 FREDERICK WEST B USINESS CENTER RPLT A Classification INDUSTRIAL Prior Current Difference 683,900 982,680 +298,780 683,900 982,680 +298,780 Using the above values, the estimated tax based on the prior year value was $19,963. The estimate of tax based on the current value is $28,685. This results in an increase of +$8,722. This estimate is based on 2012 tax rates. You will recieve a tax bill in 2014. Your property was valued as it existed on January 1, 2013, using an appraisal date of June 30, 2012. If you are unable to view your Notice of Valuation online, please call us at 970-353-3845 Check here if new address. Place stamp here. Post Office vAt not deliver treil without proper postage. III 11111III111II'1II11IIII1IIIlnnlrlll'll"'IIIIII'1'IIIIII.1.. Weld County Assessor 1400 N. 17th Avenue Greeley, CO 80631-9563 August 2, 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 JOHNSON DRIVE 7500 LLC 4523 NAVAJO PL BOULDER, CO 80303 RE: THE BOARD OF EQUALIZATION 2013, WELD COUNTY, COLORADO DENIAL OF PETITIONER'S APPEAL ACCOUNT NO.: R0271595 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 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 set as follows: ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY ASSESSOR SET BY BOARD $982,680.00 $924,210.00 cc; At ef-S /.3 2013-2057 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 2013-2057 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 2013-2057 AS0085 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. Vejy truly yours, c ‘ p Esther E Gesick, Deputy Clerk Weld County Board of County Commissioners Cc: Christopher Woodruff, Weld County Assessor 2013-2057 AS0085 Weld County CHRISTOPHER M. WOODRUFF COUNTY ASSESSOR BRENDA DONES, DEPUTY ASSESSOR VALUATION REPORT OF COMMERCIAL PROPERTY FOR Weld County Board of Equalization JOHNSON DRIVE 7500 LLC PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 1313-26-2-02-005 Schedule Number: R0271595 Log Number: 7616 Date: 8/2/2013 Time: 3:15 PM Board: CBOE PREPARED BY WADE J. MELIES WELD COUNTY ASSESSOR'S OFFICE STAFF APPRAISER ASSESSOR'S VALUE INDUSTRIAL $982,680 2013-2057 45cc15 SALI ENT FACTSAND CONCLUSi ONS Purpose of Appraisal Property Rights Appraised Location Land Area Property Type Year Built Year Remodeled Quality a ass Number of Stories Improvement Sq. Ft. Value Indications: Land Cost Approach Market Approach Income Approach Reconciled To determine Market Value as of 1/ 1/ 13 based on an appraisal date of 6/ 30/ 12. Unencumbered fee simple interest. 7500 JOHNSON DR FREDERICK 143,051 Square Feet Commercial Industrial Light Manufacturing 2000 2001 Average Metal Frame 1 16,378 $286,102 $952,626 $982,680 $1,033,800 $982,680 CBOECOMM 010998 Page 2 Subject Property Neighborhood Map R t __set t Stapp �! !tlEl�f 4 R' y.pasa Toyota =I Transwest Truck & RV ACCON'ORell OHM" MD center. !0:,6' 48,6_N. 104'58' 26.0' W The subject is located in the Frederick West Business Park. The business park is adjacent east of Interstate 25 and approximately half way between Highway 119 on the north and Highway 52 on the south. The business park has shown signs of growth in 2011 and 2012 with one building expanding and a condominium warehouse completed. The subject property has not been physically inspected by the Assessor's office. The Assessor's office has been denied access to this property since 2000. A permit of an addition was discovered in March of 2012. The permit was issued by the Town of Frederick on 7/ 5/ 2001. The permit was for a "comm. Addition, 2,700 SF metal S1 storage- 7450 .bhnson Dr - owner - Al Truss Co.". This addition was measured from aerial photos and was added to the subject's building characteristicsfor 2013. There are sales brochures, for the subject, in the addendum that supports the Appraiser's estimated total square footage. CBOECOMM 010998 Page 3 Subject Aerial Map 16.534 CORIOLIS WAY rdd 7 i 3.707 4.046 May Center. -3J 3 51 .•53 • N. 104 `r, ? T.) f 1 • CBOECOMM 010998 Page 4 Sketch Aerial Map Measurement Measure Distance Tool This document shows the positions of the pouts that you have clicked on the map using the measure tool, and reports the &stance between them. Position 1040 58' 29.82' W 40:6'52.12'N Poodion 104° 58' 29.91• W Arlo EQ rn• Distance 155.4 ft True Course 181.6' Clear Points CBOECOMM 010998 Page 6 COST APPROACH SUMMARY The Assessor is currently using Marshall and Swift cost tables for the cost approach of commercial properties in Weld County, which has been approved by the Division of Property Taxation to be utilized by Colorado Assessors. The structure has boon classified properly utilizing the Marshall and Swift Valuation service and an appropriate value assigned. A land value has likewise been established through the utilization of vacant land sales of comparable properties. Improvement Value $666,524 Land Value $286,102 TOTAL VALUE BY THE COST APPROACH $952,626 CBOECOMM 010998 Page 7 COST APPROACH LAND VALUE Sales utilized to establish the value in the subject neighborhood are from 2011 and the first six months of the 2012 market for the 2013 assessment date. The comparative sales approach is the most reliable method of land valuation. Pursuant to 39-104-(10.2) (c) C. R. S., the Assessor may utilize sales from July 2007 through line 2012 to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Weld County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developing value. The land size of the subject is 143,051square Comparable commercial land in the subject area range from $1.91 to $4.38 per sq. ft.. A value of $2.00 per square foot was chosen to be applicable for the subject property when considering its location. Parcel Number Sale Date Sale Price Land Size Per Sq. Ft. SF Comparable 1 Comparable 2 Comparable 3 131326206005 12/22/09 177,000 92,478 $1.91 131314206001 4/13/10 726,000 230,558 $3.15 146703112004 7/18/08 355,800 81,147 $4.38 ASSESSOR'S SUB,ECT LAND VALUE $286,102 CBOECOMM 010998 Page 8 LAND SALES COM PARABLE MAP et ec Comp 2 Rmi itilSra � RRr� 5 m i . NpR� ►�.. GOOD NG HOLLOW PKWY Subject OMAIERCEi)R t p C. tAC'COk'DR� qM�r. 40`6' 48,6' N. 104' 56' 26. n. CBOECOMM 010998 Page 9 SUB= PROPERTY REPLACEMENT COST NEW MINUS D EPRECI AT I ON The subject property has not boon physically inspected. All characteristics have boon gathered from permits, plans, street observations, and aerial photos. All the characteristics are correct to the best of the Appraiser's knowledge. The following table summarizes the cost to replace the subject property minus physical depredation. For a detailed analysis please refer to the account profile in the addendum. Base Cost $759,285 $ 20,139 $ 4,148 $ 23,514 $ 37,440 Mezzanine Canopies Concrete Asphalt Total Replacement Cost New $844,526 -$178,002 Physical Depredation 21% Replacement minus Depreciation Cost New $666,524 CBOECOMM 010998 Page 10 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 July 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 class of property. Said level of value shall be adjusted to the fi nal day of the data -gathering period. Changes occurring between base years are not to be accounted for until the following level of value is implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, etc., 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 wel I 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 Declaration, telephone or personal confirmation interviews and physical inspections to confirm property characteristics at the timeof sale. Three comparable sales similar to the subject were found. One sale is located in the subject's Frederick West Business Park and the other two are in nearby business parks. All throe comparables are very similar to the subject and required no adjustments. The sales range from $59 to $69 per square foot. Based upon investigation and analysis, it is the opinion of the appraisers that the value of $60 per square foot accurately reflects the market value of the subject property. VALUE As I NDICATED BY THE MARKET APPROACH $982,680 CBOECOMM 010998 Page 11 Comparative Sales Grid PROPERTY Subject Comp 1 Comp 2 Comp 3 Comments Parcel # Address City Grantor Grantee Sale Price Sale Price PSF VALUE ADJUSTMENTS Sale Date Location Land Size Bldg SF Age Condition NET ADJUSTMENTS Adjusted Sale Price Adjusted Price PSF Tuss Mfg 131326202005 7500 Johnson Dr Frederick Truss Mfg Industrial Light Mfg Rv Sale & Repair 131326205009 +1 120723001012 131310101009 4289 Commerce Dr. 14000 Mead St. 3690 Stagecoach Rd Frederick Mead Weld B&L Leasing LLC Highland Properties 2708 Coloraodo HUD Colorado Boilabs Inc Photon LLC Draw Enterprises LLC $950,000 $1,337,500 $800,000 $59.40 $60.42 $68.99 DESCRIPTION Average 143,051 16,378 2000/2001 Average 982,680 $60.00 DESCRIPTION Adjustment DESCRIPTION Adjustment DESCRIPTION Adjustment 11/12/2010 6/25/2012 8/29/2011 Average Average Average 163,394 100,302 159,865 15,993 22,138 11,596 -5% 2001 1986/2007 1997 Average Average Average 0% 0% -5% $950,000 $1,337,500 $760,000 $59.40 $60.42 $65.54 Comparables Price / SF Range $59.40 $65.54 Comparables Price / SF Median $61.79 Comparables Price / SF Average $60.42 $60 / sf selected $982,680 CBOE_COMM_010998 Page 12 COMPARABLE SALES MAP n Comp3 3 mi. N (7.OOD IN liarCORloci S WAY DirriERC€ Comp2 6 mi. N b is ll �� O bft 4 ,-"t . • t ,r IIIIIIIIPP c lor, 40' 6' 48.6`N, 104'5 26.0' W RA P RRY�Rart� 4. ��t:et= vai Subject 17 dr At ON CBOECOMM 010998 Page 13 COMPARABLE SALE ONE ACCOUNT NUMBER: R7439598 PRIMARY OCC: Indust Lght Manufacturing SECONDARY OCC: Office Building ADDRESS: COUNTY: WELD PARCEL NUMBER: 131326205009 & 012 PERCENT: 75.0% PERCENT: 25.0% 4289 COMMERCE DR FREDERICK RECEPT NUMBER: 3732529 GRANTOR: B&L LEASING LLC GRANTEE: COLORADO BIOLABS INC YEAR BUILT: EFFECTIVE AGE: LAND SIZE (SF): BLDG SIZE (SF): WALL HEIGHT: STORIES: QUALITY: 2001 9 79,236 & 84,158 15,993 24 1.00 Average SALE DATE: SALE PRICE: ADJ SALE PRICE: CLASS: LAND/BLDG RATIO: LAND VALUE: IMPS PRICE/SF: SALE PRICE/SF: 11/12/2010 $950,000 $950,000 C 10.22 $138,662 $50.73 $59.40 COMMENTS: Property consists of two parcels. One parcel contaions the improvement the adjacent parcel is a water detention pond and fenced outside storage. Purchase price was negotiated. CBOE_COMM _010998 Page 14 COMPARABLE SALE TWO ACCOUNT NUMBER: R0208087 PRIMARY OCC: Indust Lght Manufacturing ADDRESS: 14000 MEAD ST MEAD RECEPT NUMBER: 3855370 GRANTOR: HIGHLAND PROPERTIES 2708 LLC GRANTEE: PHOTON LLC YEAR BUILT: 1986 EFFECTIVE AGE: LAND SIZE (SF): BLDG SIZE (SF): WALL HEIGHT: STORIES: QUALITY: COMMENTS: 100,302 22,138 16 1.00 Average COUNTY: WELD PARCEL NUMBER: 120723001012 PERCENT: 100.0% SALE DATE: SALE PRICE: ADJ SALE PRICE: CLASS: LAND/BLDG RATIO: LAND VALUE: IMPS PRICE/SF: SALE PRICE/SF: 6/25/2012 S 1,337,500 $1,337,500 S 4.5307 $200,604 $51.35 $60.41 CBOE_COMM _010998 Page 15 COMPARABLE SALE THREE ACCOUNT NUMBER: R4201706 PRIMARY OCC: Service Garage SECONDARY OCC: Showroom ADDRESS: 3690 STAGECOACH RD WELD 100.0' 40.9' • 210' ".:L Sales Parts _4, N371.0'ry 772.. 10.1' Showroom 2484.4' 50.8' 39.1' Offices 2344.6' 49.2' 100.0' First Floor 5200.0' V1t$ 14' Class S WII 210 Meat Pad So.a3a t320' 210' T0' Sara a Ens ESS20' b 1n Crcrste s4ae SW 25.31 Nash Bay 520' 0 2 COUNTY: WELD PARCEL NUMBER: 131310101009 PERCENT: 100.0% PERCENT: 100.0% RECEPT NUMBER: 3789194 SALE DATE: GRANTOR: COLORADO HOUSING FINANCE AUTHORITY GRANTEE: DRAW ENTERPRISES LLC ADJ SALE PRICE: YEAR BUILT: 2005 EFFECTIVE AGE: LAND SIZE (SF): 159,865 BLDG SIZE (SF): 11,596 WALL HEIGHT: 20 STORIES: 1.00 QUALITY: Average 8/29/2011 SALE PRICE: $800,000 $800,000 CLASS: S LAND/BLDG RATIO: 13.7862 LAND VALUE: $639,461 IMPS PRICE/SF: $13.84 SALE PRICE/SF: $68.98 COMMENTS: Sale is the result of a foredosure and resale. Price was negotiated from an internal appraisal by HUD. Property had been vacant for several years and required some repairs. Buyer has converted showroom area to offices. Property was a RV sales lot; buyer is a landscape service company CBOE_COMM_010998 Page 16 I NCOM E APPROACH SUMMARY The Weld County Assessor has appropriately considered the IncomeApproach to value for the Subject property on appeal. The Assessor has gathered income information from local commercial properties for the timeframeof January 1, 2011 through dine 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. The subject property is believed to be currently leased. The lease and income and expenses for 2011 and 2012 was requested but not provided. Four comparable leases were considered. For this analysis $6.50 per square foot triple net was selected as the subject's market lease rate. Deductions were made for vacancy, management and reserves. The net operating income was capitalized at a market derived 9%. No allowance was added for property taxes. When a lease i s tri ple net the tenant pays the property taxes as part of the CAM, common area maintains fees. The resulting indicated value is $63 per square foot or $1,033,800 dollars. TOTAL I NC0M E VALUE FOR THE SUB,ECT PROPERTY $1,033,800 Address Size Sq. Ft. Rent 3764 Eureka Wy., Frederick 7,600 $6.80 NNN 4001 SValley Dr., Mead 28,700 $6.80 NNN 265 Basher Dr., Johnstown 11,000 $6.00 NNN 840 Diamond Valley Dr., Windsor 69280 $7.98 NNN Income EGI Expenses Total NOI Cap Rate Indicated Value 16,378 Vacancy Mngt F&v persf rounded $6.50 5% 5% 3% $106,457 $5,323 $101,134 $5,057 $3,034 $8,091 $93,043 9% $1,033,800 $63 CBOECOMM _010998 Page 17 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 July 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 class of property. Said level of value shall be adjusted to the fi nal day of the data -gathering period. Changes occurring between base years are not to be accounted for until the following level of value is implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, etc., 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 boon dassified 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 three approaches to value for the subject parcel on appeal. FINAL RECONCILIATION After consideration of the cost, market and income approaches, it is the Weld County Assessor's opinion that the value of $60 per square foot or $982,680, most accurately reflects the val ue of the subject property in Weld County for the 2013 tax year. COST APPROACH MARKET APPROACH I NOOME APPROACH $952,626 $982,680 $1,033,800 ASSESSOR'S VAL U E INDUSTRIAL $982,680 CBOECOMM 010998 Page 18 APPRAI SAL STANDARDS AND ET H I CS CERT I Fl CAT I ON I certify to the best of my knowledge and belief that: The statements of fact contained in this report are true and correct. The reported analyses, opinions and condusions are limited only by the reported assumptions and limiting conditions and is my personal unbiased professional analyses, opinions and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no personal interest or bias with respect to the parties involved. My compensation is not contingent on an action or event resulting from the opinion or conclusions in, or the use of, this report. My analyses, opinions and conclusions were developed, and this report has boon prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. No one provided significant professional assistance to the person signing this report. I have made a personal inspection of the property that is the subject of this report. 1/ Wade J. Mel i es Colorado Certified General Appraiser CG40036400 CBOECOMM _010998 Page 19 ADDENDUM Sales Brochure from listing dated 4/5/ 2012 REALTEC LISTING More Listings. More Deals More Experience Risi.mc Felt WW1 ARMES FOR SALE/LEASE Frcria1I,tL trucE Pr lea - a I' w • r V: 1500 JOHNSON DRIVE FREDERICK, COLORADO BUILDING SIZE: 14,000 SF (county records) 16, 163 SF (per owner) FINISHED WAREHOUSE 7,740 SF OFFICE SPACE 1,575= SF (an adefithimal 1.575siamid be added upstairs) COVERED WAREHOUSE: SALE PRICE: LEASE RATE: TAXES: 5,085 SF $1,250,000 $4.95!SF NNN $17384 (2010) SITE SIZE: CEILING HEIGHT - LOAD ING: 3.28 ACRES OR 142.876 SF 22'- 24' 4 DRIVE-IN DOORS 2-I6'X 14' I - 20'X 14' I-2TX14' FEATURES: • Clearspan Warehouse/Manufacturing area • Oversized drive-in doors with drive -through capability • Ability to build -out second story office (1.500 SF possible) • Fenced recycled asphalt yard area with two access points • Great access to 1-25 via Hwy S2 or Hwy 119 • Dock High loading can be added • Air lines and radiant heat throughout • Air compressors and dryers available • Zoned industrial, Weld County • Metal construction; built in 1999 • Power is 480V 3 phase Mark Bradley, CCIM, SIOR 970.346.9900 mbradleyI?realtec.com View more Realtec listings at: www.realtec.com Realtec 171 1 61 sr A.'erue. Suite 104 Greeley, CO 80634 - Fit 970.346.9900 - Fax: 970.304.0707 I4kola i4 timid Iron e ru gum set lu yOat sd ri drool a grit al Stream Pei a. ant ud nMm4in an ayra d dm. 111412 CBOECOMM _010998 Page 20 Sales Brochurefound on Internet 8/31/2011 B/TZER REAL ESTATE PARTNERS Property Details Budding Size 14.400 SF Finished Warehouse 7.740 SF Office Space 1,575 ;M ,ttcrt4 1.575 SF acrid be brit art t.etar4 Covered Warehouse 5,085 SF Site Size 328 Acres or 142.876 SF Ceding Height 22' - 26' Power To be verified Loading 4 Drive -n Doors 2 - 16'x14' 1 - 20'x14' 1 - 27'x14' Zonng Industrial Construction Metal YOC 1999 County Weld Taxes (2010) $17,584 Lease Rate $6.95 PMI Sala Price $1.250.000 Contact Information Brady Welsh 720264.3486 bweistiebbitzerrizp.corn Ron Webert 720.264.3489 rwebertdbitzerrep.com Indust Prope r Sale or Lease 7500 Johnson Drive, Frederick, Colorado ► Clearspan Warehouse/Manufacturing Area I. Oversized drive-in doors with drive through capabilities D. Ability to build out second story office (1,500 SF possible) I. Fenced recycled asphalt yard area with two access points ► Great access to 1-25 via HWY 52 or HWY 119 ► Dock High loading can be added ► Airlines and Radiant heat throughout ► Air Compressors and Dryers Available Bitter Real Estate Partnevs/CORFAC International 16I0'Ahrh ap Street Ent LW. Da -.r: tat 303 206.8500 I Fat 303 206.8601 Iwo" BtreFEP cm+ Locally Owned. Globally Connected. OBOECOMM 010998 Page 21 Account*: R0271595 Lc :alt: WELD COUNTY ASSESSOR PROPERTY PROFILE Parcel 11: 131326202C05 NH Stag r Y H Spam: Appr Year: 2013 Tax Dist:4459 459 Assign To: NN Levy: 1 X .656 Maps: 2457 Initials:Yi JM a Bldgs:1 LEA: FREDDa Acct Type: In.".ustrial •iew Growth: Create On: 09/1611986 Active On: 19950101 Inact eon: Last Updated:7.2212C13 Owner's Name and Address: UCHNSON DRIVE 7500 LLC 4523 NAVAJO PL BOULDER CO 7 Business: Property Address: Street: 750: JC+4NSON DR city: FREDERICK Sales Summary Sale Date Sale Price .1'911999 5226.400 1.201998 5178.500 211/1995 $20.600 1111 & 1994 $44,400 Deed Type WD WD Reception r 2680206 2656344 02425600 02416659 Book Page : Grantor 1031 NN LAND CORPORATION DEPO LAND CO 1478 GDP INC 1469 GRANT BROTHERS Legal Description FRE FWBCRA LSA 8UC2 FREDERICK WEST RAINES'S CENTER RP_T A &Mutt= Naro FREDERICK WEST BUSINESS CENTEM FV'LT A Block 2 Lot 5A Tract Section 2►_. Tow nship Range Land Valuation Summary Abst _ and T y 49 Code Code `!?dustrial 3115 _and Subtotal Square Unit of Feet Measure 143.051 Square = _et ' 43,5E • Number Value Of Units Per Unit $- ro Actual Assmt Value Percent $2"86.102.00 0.29 'Assessed Value 582,970 143051 $286,10200 $82,970 Monday, July 22, 2013 Page 1cf3 CBOECOMM _010998 Page 22 Account st: F3 ' =3 Lccal t: WELD COUNTY ASSESSOR PROPERTY PROFILE Buildings Valuation Summary Parcel s:1313262027.40 MH Eel t. MH Spac: Bldg st Property Type Commercial Improvements Subtotal: Abst Code Occupancy 3215 334 - Inds Lght Manufacturing Actual Value 5666.524 Assmt 'Assessed Percent '13 S. $193,292 Total Property Value 'Approximate Assessed Value Building st: 1 Property Type: Commercial Quality: Ave -age Condition: CM-Tytscal Perimeter: 4.34 Percent Comp: 101)_00% Condo SF s952.626 $276.262 Condo % Land: Condo % Bldg: Unit Type: Landscaping $: rt Nbhd: t_t3 Nbhd Ex t: o: Nbhd Adj: 1 Individual Built As Detail 1 $3.00 Occupancy: Ind.;st Lght Manufacturing Built As: Indust Lght Varutac:u'ing Construction Type: S HYAC: Radiant Interior Finish: Roof Cover: Built As SF: 13678 S of Baths: * of Bdrms: S of Stories: Story Height: Sprinkler SF: Capacity: 1 Year Built: 1999 Year Remodeled: % Remodeled= Adj Year BIt: 1999 Effective Age: 13 Mh Make: Tag Length Width: X Tag Length Width: X Mh Skirting LF: MH Skirting Type: Diameter: Height: Mcnda/. July 22.2013 P30-2 2 _7 iJ CBOE COMM 010998 Page 23 Account:: R0271595 Lccal s: WELD COUNTY ASSESSOR PROPERTY PROFILE Parcel*: MH Sag t. 131326202005 W H Spacc : Built As: Construction Type: HYAC: Interior Finish: Po of Cover: Built As SF: 2700 a of Baths: a of Bdrms: * of Stores: 1 Story Height: 22 Sprinkler SF: Capacity: Indust LgM Va-ufaciuring S Radiant Year Built: 2 Year Remodeled: % Remodeled: Adj Year Blt: 2001 Effective Age: 11 Mh Make: Tag Length'Width: X Tag Length Width: X Mh Skirting LF: MH Skirting Type: Diameter: Height: Building Details B dig:: 1 _nits Urn Price RCN Adual Value Mezzanine Unfinished 428 $14.10 520,13828 $20.139.28 Add On Corn Canapes Steel Average Concrele Slab Average Asp^ah Awerap? 165 4940 15600 525.14 54,148.10 54.76 $23,514.40 52.40 $37,440 _CO $3.235.': $18.341.X $29,203.00 Value Details PCN ConSF: Total PCN: Phys Depr Phys Depr 5: PCNLD 5: $46.36 $844.526.00 0.21 178002 $666.524.00 Design Adj Exterior Adj 9*: Imerior Adj %: Amateur Adj PCNLD Cost. SF $40.70 0 0 0 0 Func Obs %: Econ Obs Other Obs Market. SF: 0 0 n Mondw, July 22, 2013 Page 3 of 3 CBOECOMM _010998 Page 24 LJ July 12, 2013 Mr. Dari Bozorgpour Property Tax Advisors, Inc. 3090 South Jamaica Court, Suite 204 Aurora, CO 80014 Subject: Appeal of R0271595 OFFICE OF THE WELD COUNTY ASSESSOR PHONE (970) 353-3845, EXT 3650 FAX (970) 304-6433 WEBSITE: www.co.weld.co.us WELD COUNTY ADMINISTRATIVE OFFICES 1400 N 17 AVE GREELEY CO 80631 Mr. Bozorgpour We are reviewing the appeal of R0271595, 7500 Johnson Dr., Frederick, CO.. We are formally requesting a physical inspection of the property. As the property is an income producing property, we are requesting a copy of the current lease and the income and expenses for the property for 2011 and 2012. If you have any question, please contact me. Wade J. M el i es Commercial Appraiser Weld County Assessor's Office 970-353-3845 ext 3672 wmelies@co.weld.co.us CBOE_COMM _010998 Page 25 gtQ° NOTICE OF DETERMINATION 3:/5 Christopher M. Woodruff Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R0271595 2013 1459 FRE FWBCRA L5A BLK2 FREDERICK WEST BUSINESS CENTER RPLT A , PROPERTY OWNER JOHNSON DRIVE 7500 LLC 4523 NAVAJO PL BOULDER, CO 80303 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW INDUSTRIAL 982,680 982,680 TOTAL $982,680 $982,680 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: CM06 - The assessor's staff has requested information which is pertinent and critical to proper evaluation of your property's value. Because we have not received this information, we have no choice but to deny any adjustments. 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. PROPERTY TAX ADVISORS INC 3090 SOUTH JAMAICA COURT SUITE 204 AURORA, CO 80014 15-DPT-AR PR 207-08/13 R0271595 17372 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 spep 6 dp�la� unt is required for real property pursuant to § 39-8-106(1.5), C. R.S.) I) 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.) I ATTESTATION I, the undersigned owner or agent1H4 of the property identified above, affirm that the statements contained herein and on any attachments hereto are true and complete. ....a? 3113 Signature Telephone Number Date Email Property Tax Advisors, Inc 184 Attach letter of authorization signed by property owner080 S. Jamaica Ct. Suite 204 Aurora, CO 80014 (303) 368.0500 Address 15-DPT-AR PR 207-08/13 R0271595 17372 Property Tax Advisors, Inc. 3090 S. Jamaica Ct., Suite 204 Aurora, Colorado 80014 CONSULTANT - AGENCY AGREEMENT Property Owner: Johnson Drive 7500 I.LC County: Weld P.I.N. Property Address 80271595 7500 Johnson Dr. (303)368-0500 FAX (303)368-0573 a Corporation X a Partnership — as Individuals a Trust The undersigned hereby appoints and authorizes Property Tax Advisors, Inc. as its Agent and Consultant in the preparation and execution of a real estate valuation appeal(s) on behalf of the undersigned in regard to the above enumerated property(ies) for the assessment year(s)2013=2014 and for the prior two years. The undersigned further authorizes Property Tax Advisors. Inc.. as Agent of the undersigned, to execute and cause to be filed on behalf of the undersigned, in the name of the undersigned, ai:v and all documents relating to an appeal of the subject property's(ics') valuation(s). Property Tax Advisors, Inc. will c utact property owner to review appeal prior to tiling a property tax appeal. This agreement is executed this day of 11 A Y BY: Print Name: ,, 1.9 a . Telephone No.: 3, - `'N Fax No.: ,20 ,3. Title: (2iynjek. (If Corporation, your title; (or) Owner. General Partner, I.essee, Power of Attorney, Trustee, etc.) Rev. 12/12 0_ �} tag ,0\ 22 61. 7010 0290 0002 9936 0455 c0 rn 00 c o \\\{ 22/ / Tammy Waters From: Sent: To: Subject: Tammy Waters Friday, July 19, 2013 3:23 PM 'Bill Person' RE: Johnson Drive 7500 LLC Appeal Thanks Bill, this works great. If you will be represented by another Tax Agent please just make sure we get that authorization. Have a great weekend. Tammy Waters Deputy Clerk to the Board 1150 O Street 1 P.O. Box 7581 Greeley, CO 80632 tel: (970) 336-7215 X5226 • Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Bill Person [mailto:wj.person@yahoo.com] Sent: Friday, July 19, 2013 1:43 PM To: Tammy Waters Subject: Johnson Drive 7500 LLC Appeal Tammy.... This email is being sent per you request, to inform you that we will continue with the appeal process of our appeal R0271595. Should you have any further questions - please call me at 303-494-6014. Thank you.... Bill Person Johnson Drive 7500 LLC - owner 1 Tammy Waters From: Sent: To: Cc: Subject: Stephanie Arries Friday, July 19, 2013 12:09 PM Esther Gesick Jonathan Troyer; Wade Melies; Courtney Anaya; Tammy Waters RE: Johnson Drive 7500, LLC Sent my response before I saw this latest message. I do want a paper trail of some type — email is fine. You can call the property owner and get an email address. Stephanie L. Arries Assistant Weld County Attorney 1150 "O" Street P.O. Box 758 Greeley, Colorado 80632 Tel: 970-356-4000 ext 4394 Fax: 970-352-0242 Email: sarries{cco.weld.co.us STATEMENT OF CONFIDENTIALITY & DISCLAIMER:The information contained in this email message is attorney privileged and confidential, intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copy of this email is strictly prohibited. If you have received this email in error, please notify us immediately by replying and delete the message. Thank you. From: Esther Gesick Sent: Friday, July 19, 2013 12:06 PM To: Stephanie Arries Cc: Jonathan Troyer; Wade Melies; Courtney Anaya; Tammy Waters Subject: RE: Johnson Drive 7500, LLC Stephanie, I just checked and there is a phone number for the property owner that we can call just to verify how they wish to proceed. Are you agreeable with that? Esther E. Gesick Deputy Clerk to the Board/Office Manager 1150 O Street/P.O. Box 758'Greeley, CO 80632 tel: (970) 336-7215 X4226 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. 1 From: Esther Gesick Sent: Friday, July 19, 2013 12:02 PM To: Stephanie Arries Cc: Jonathan Troyer; Wade Melies; Courtney Anaya; Tammy Waters Subject: RE: Johnson Drive 7500, LLC Stephanie, Please see Wade's message below. How would you advise that we proceed? Esther E. Gesick Deputy Clerk to the Board/Office Manager 1150 O Street'P.O. Box 758)Greeley, CO 80632 tel: (970) 336-7215 X4226 Confidentiali y Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may con aln information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately otify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Wade Melies Sent: Thursday, July 18, 2013 1:36 PM To: Courtney Anaya; Esther Gesick Cc: Jonathan Troyer Subject: FW: Johnson Drive 7500, LLC How do we handle this? Wade From: Property Tax Advisors[mailto:otadvisor©orooertvtaxadvisor.net] Sent: Thursday, July 18, 2013 1:35 PM To: Wade Melies Subject: Johnson Drive 7500, LLC Wade, We no longer represent the property at 7500 Johnson Drive. I have notified them that we no longer represent them. Thank you, Dart Bozorgpour Property Tax Advisors, Inc. (303) 368-0500 2 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 JOHNSON DRIVE 7500 LLC 4523 NAVAJO PL BOULDER, CO 80303 Account No.: R0271595 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 02, 2013, at or about the hour of 3:15 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 JOHNSON DRIVE 7500 LLC - R0271595 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 thzt zie.aftit Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor AS0085 BOE SUMMARY SHEET Account Number: R0271595 JOHNSON DRIVE 7500 LLC 4523 NAVAJO PL BOULDER, CO 80303 HEARING DATE: August 2, 2013, AT 3:15 PM HEARING ATTENDED? 9/N) NAME: AGENT NAME: APPRAISER NAME: WJM W Eifi 4k5e, Pow DECISION ACTUAL VALUATION APPROVE BY ASSESSOR SET BY BOARD TOTAL ACTUAL VALUE $982,680.00 19y10 ZO COMMENTS: /� MOTION BY Se- TO dep.y t\-Set\e-Sel whigiimk er9r7ijia it- op SECONDED BY /1/F Failed to prove appropriate value No comparables given Assessor's value upheld Other: Conway --®/N) Freeman --0/N) Kirkmeyer -- (Y/N) LX eased Rademacher -- (YlN)EXGif_sed Garcia -- ®/N) RESOLUTION NO. 2013-2057 M:\CBOE\Letter Templates\Summary Sheet.docx Hello