HomeMy WebLinkAbout20132144August 8, 2013
CLERK TO THE BOARD
PHONE (970) 336-7215, EXT 4226
FAX (970) 352-0242
WEBSITE: www.co.weld.co.us
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
TWO RIVERS REAL ESTATE LLC
2424 6 AVENUE
GREELEY, CO 80631
RE: THE BOARD OF EQUALIZATION 2013, WELD COUNTY COLORADO
APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR
ACCOUNT NO.: R3566586
Dear Petitioner:
On August 01, 2013, the Board of County Commissioners of Weld County Colorado
convened and acting as the Board of Equalization, pursuant to C.R.S. Section 39-8-101 et seq.,
considered your request to approve and adopt a valuation of your property arrived at by a
Stipulation between you and the Weld County Assessor, for the year 2013.
The Board of Equalization found that the evidence presented at the hearing supported the
stipulated value placed upon the above -described property as set forth below. Such evidence
indicated the value was reasonable, equitable, and derived according to the methodologies,
percentages, figures and formulas dictated by law.
ACTUAL VALUE AS STIPULATED VALUE
DETERMINED BY ASSESSOR APPROVED BY BOARD
$259,600.00 $236,000.00
The above 'Stipulated Value' is the value which will be used in the calculation of your property
taxes for 2013. This value is not appealable.
If you have questions concerning the above information, please call me at (970) 336-7215,
Ext. 4226.
Very
Ctruly yours,
er,r
Esther E. Gesick, Deputy Clerk
Weld County Board of County Commissioners
Cc: Christopher Woodruff, Weld County Assessor
CC`. ME 3
0
2013-2144
AS0085
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Number R3566586
STIPULATION (As To Tax Year 2013 Actual Value)
RE PETITION OF : Two Rivers Real Estate LLC
NAME: Two Rivers Real Estate LLC
ADDRESS: 2424 6 Ave
Greeley, 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:
1. The property subject to this Stipulation is described as:
GR 1286-A L18-19 & S2 L20 BLK6 YOLKS & W2 VAC ALLEY ADJ aka
2424 6 Av, Greeley, Co
2. The subject property is classified as commercial office/warehouse property.
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2013:
Total $259,600.00
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 $236,000.00
5. The valuation, as established above, shall be binding only with respect to tax
year 2013.
6. Brief narrative as to why the reduction was made:
Subject has been listed on the open market for approxiamtly 3 years at
$239,500. Sales comparables and income aproach indicate a value of
$236,000
7. Both parties agree that:
The hearing scheduled before the Board of Equalization on (Date) at
(Time) be vacated.
R3566586
1
2013-2144
EA hearing has not yet been scheduled before the Board of Equalization.
DATED this 15 day,,pf July, 2013.
cca
ione
F
P r(s) or Agentghr'Attorney
Address: h
cl (i A 2_
Lt7 1_(o.
Telephone: 0 ' ( t 1
Docket Number
Stip-I.Frm
R3566586
County Ass
(As t nf) County Attorney for
Respondent, Weld County Board of
Commissioners
Address:
1150 "O" Street
P.O. Box 758
Greeley, CO 80632
Telephone:(970) 336-7235
sor
400,9
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 353-3845 ext. 3697
2
NOTICE OF DETERMINATION
Christopher M. Woodruff
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
ACCOUNT Na
TAX YEAR
TAX AREA
LEGAL DESCRIPTION/ PHYSICAL LOCATION
R3566586
2013
0600
GR 1286-A L18-19 & S2 L20 BLK6 VOLKS & W2
VAC ALLEY ADJ
2424 6 AV
GREELEY, CO 000000000
PROPERTY OWNER
TWO RIVERS REAL ESTATE LLC
24246 AVENUE
GREELEY, CO 80631
PROPERTY CLASSIFICATION
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
REVIEW
ACTUAL VALUE AFTER
REVIEW
COMMERCIAL
292,500
259,600
TOTAL
$292,500
$259,600
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 0 3 2013
WELD COUNTY
COMMISSIONERS
15-DPT-AR
PR 207-08/13
R3566586 16589
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.)
$.na',b0c
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
4 undersigned owner or agent"" of the property identified above, affirm that the statements contained
d on gayattAchments hereto are true and complete.
ignatlre
} ei7c - vis 17.E i tsfi zs
Telephone Number Date
Email
2323 Attach letter of authorization signed by property owner.
Address
15-DPT-AR
PR 207-08/13
R3566586 16589
1 Per Page - Listing Report
Page 1 of 1
Approx Acres: 0.57
Water: City of Greeley
Lot Size: 25000
Elec: Xcel Energy
Gas: Atmos Energy
PIN: R3566586
Zoning: I -M
Available Date:
Min/Max Vacant:
Total Bldg SqFt: 5128
Total SqFt Leased:
Min SqFt Avail:
Potential Rental Income: $2,500
Less Vacancy Rate: 0%
Effective Rental Income: $2,500
Gross Operating Income: $2,500
Property Taxes: $6,747
Tax Year:
Total Operating Expense: $6,747
Net Operating Income: $4,247
Cap Rate: -1.77 Gross Rent Mult: 99.6
Floor Levels: 1
Max SqFt Avail:
IRES MLS # : 656957 PRICE: $239,500
2424 6th Ave, Greeley 80631
SALE: COMMERCIAUINDUSTRIAL ACTIVE
Locale: Greeley County: Weld
Area/SubArea: 10/17 Map Book: O - 99 - KR45
Subdivision: Volks
Legal: Lot 18 and 19 and the South 1/2 of Lot 20, Block 6, Volks
Subdivision, and the West 1/2 of the Vacated Alley Adjacent to, City of
Greeley
Built: 1963
New Const: No
New Const Notes:
Listing Comments: Owner occupied. Income is estimated. Note square
footage does not include mezzanine space. A flexible office and
warehouse building with fenced storage and lots of paved parking. Owner
financing available or owner may lease back a portion. Mineral Rights are
excluded.
Driving Directions: From 8th Avenue, go east on 22nd Street to 6th Ave.;
go south on 6th Ave. to property. The property is on the east side to the
street.
Property Features
Land Size: .25-.5 Acre Construction: Block, Metal Siding Roof: Tar &
Gravel, Metal Roof Commercial/Industrial Type: Office,
Industrial/Warehouse Fences: Enclosed Fenced Area, Chain Link
Property Features: Storage on Site, Paved Parking Lot Improvements:
Street Paved, Curbs Road Access: City Street
Parking Per Building Square Foot: 1:250 Basement/Foundation: No
Basement Heating: Forced Air, Space Heater Cooling:
Refrigeration/HVAC Utilities: Natural Gas, Electric Water/Sewer: City
Water, City Sewer Ownership: Private Owner Possession: Owner Will
Vacate Tenant Pays: Nothing Flood Plain: Minimal Risk Existing Lease:
Not Leased Sale Includes: Building(s), Land Possible Usage: Commercial
or Industrial New Financing/Lending: Cash, Conventional, Owner
Financing Showing Instructions: Lockbox, Call Listor Exclusions -
Mineral Rights
SqFt Source: Licensee
Contact: Stanley Jantz Phone: 970-353-3845 Cell: - Email: sjantz@co.weld.co.us
Office: Weld County Assessor's Office Phone: 970-353-3845
LA: Bruce Willard LO: Austin & Austin Real Estate
Prepared By: Stanley Jantz - May 20, 2013 8:36:01 AM
Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2013, IRES LLC. All rights reserved.
http://www. iresis.com/MLS/awa/reports/listing?reportName=One_ler_Page
5/20/2013
1_/ [Cr( .
S1eLaS8Ce
J
Austin & Austin Real Estate
Austutttstvl 91813th St Ste 1
Greeley, CO 80631
Phone: (970) 353-0790 Fax: (970) 353-0799
1 I The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission.
2 I (CP40-10-11) (Mandatory 1-12)
3
4 THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR
5 OTHER COUNSEL BEFORE SIGNING.
6
7 COUNTERPROPOSAL
8
9
10
11 1. This Counterproposal shall supersede and replace any previous counterproposal. This Counterproposal amends the proposed
12 contract dated April 12, 2012 (Contract), between Two Rivers Real Estate, LLC
13 (Seller), and - (Buyer), relating to the sale and purchase
14 of the following legally described real estate in the County of Weld, Colorado:
15 Lots 18 and 19, and the South 1/2 of Lot 20,
Block 6, yolks Subdivision,
And the West 1/2 of the Vacated Alley Adjacent to,
City of Greeley
16
17
18 known as No. 2424 6th Avenue
19 Street Address
20
21 2. § 3. DATES AND DEADLINES. No Change
Date: April 17, 2012
Greeley CO 80631 (Property).
City
State Zip
26 3. § 4. PURCHASE PRICE AND TERMS. [Note: This table may be deleted if inapplicable.]
27 The Purchase Price set forth below shall be payable in U.S. Dollars by Buyer as follows:
Item No.
Reference
Item
Amount
Amount
I
§ 4.1
Purchase Price
$ $208, 000.00
2
§ 4.2
Earnest Money
$ $5, 000.00
3
§ 4.5
New Loan
4
§ 4.6
Assumption Balance
5
§ 4.7
Seller or Private Financing
$156, 000.00
6
7
allatilla$47,
000.00
8
§4.3
Cash at Closing
9
TOTAL
$ $208,000.00
$ $208,000.00
28
29 4. ATTACHMENTS. The following are a part of this Counterproposal:
30
31
32
33 Note: The following disclosure forms are attached but are not a part of this Counterproposal.
34
35
36
37 5. OTHER CHANGES.
38 a. Paragraph 4.7 shall be changed to read: $156,000.00 note amortized on the basis
of 10 years payable at $1,693.01 per month including principal and interest at the
CP40-10-11. COUNTERPROPOSAL 4/19/2012 13:27
Page 1 of 3
40
41
42
43
rate of 5.5 percent per annum. All other terms to remain the same.
b. Paragraph 30.1 shall be changed to read: Seller a • :uyer shall enter into
a lease agreement, at closing, for the westerl :s' square feet of the building,eideol
with the Seller to have a tenancy for - ear at $650 per month, gross lease,
and two, one-year options a - same rental amount.
6. ACCEPTANCE DEADLINE. This Counterproposal shall expire unless accepted in writing by Seller and Buyer as
evidenced by their signatures below and the offering party to this document receives notice of such acceptance on or before
April 18, 2012 5:00 pm
MDT
44 Date Time
45
46 If accepted, the Contract, as amended by this Counterproposal, shall become a contract between Seller and Buyer. All other terms
47 and conditions of the Contract shall remain the same.
48
Buyer's Namee
:,, 4."
Buyer's Signature:
Address:
Phone No.:
Fax No.:
Electronic Address:
Date
Buyer's Name -
Buyer's Signature
Address:
Phone No.:
Fax No.:
Electronic Address:
Date
Seller's Name: Charles E. Rybar
Seller's Signature:
Address:
Phone No.:
Fax No.:
Electronic Address:
Date
CP40-10.11. COUNTERPROPOSAL 4/19/2012 13:27 Page 2 of 3
l2
Seller's Name: William Patrick Sullivan
Seller's Signature:
Address:
Phone No.:
Fax No.:
Electronic Address:
Date
49 Note: When this Counterproposal form is used, the Contract is not to be signed by the party initiating this Counterproposal.
50 Brokers must complete and sign the Broker's Acknowledgements and Compensation Disclosure portion of the Contract.
51
CP40-10-11. COUNTERPROPOSAL 4/19/2012 13:27 Page 3 of 3
Prepared by Patrick L. McNear, Broker/Owner page 1 of 17
Scott Realty Co.
1212 8th Avenue
Greeley, Colorado 80631-4012
Office (970) 352-1212
Fax (970) 352-1215
m
THIS FORM HAS IMPORTANT LEGAL
CONSEQUENCES AND THE PARTIES SHOULD
CONSULT LEGAL AND TAX OR
OTHER COUNSEL BEFORE SIGNING.
CONTRACT TO BUY AND SELL
REAL ESTATE
(COMMERCIAL)
(n Property with No Residences)
(n Property with Residences -Residential Addendum Attached)
Date: THURSDAY, APRIL 12, 2012
AGREEMENT
1. AGREEMENT. Buyer, identified in § 2.1, agrees to buy, and Seller, identified in § 2.3, agrees to sell, the Property described below
on the terms and conditions set forth in this contract (Contract).
2. PARTIES AND PROPERTY.
2.1. Buyer. Buyer,
, will take title to the real Property described below as
X
Other Severalty
Joint Tenants
Tenants In Common
2.2. Assignability and Inurement This Contract X Shall Shall Not be assignable by Buyer without Seller's
prior written consent. Except as so restricted, this Contract shall inure to the benefit of and be binding upon the heirs, personal representatives,
successors and assigns of the parties.
2.3. Seller. Seller,
Two Rivers Real Estate LLC
, is the current owner of the Property described below.
2.4. Property. The Property is the following legally described real estate in the County of WELD , Colorado:
Lots 18, 19 and the South 1/2 of lot 20, Block 6, Volks Subdivision, City of Greeley, Colorado; together with the West 1/2
of a vacated alley located adjacent to the Easterly portion of the property.
known as No. 2424 6th Avenue Greeley COLORADO 80631
Street Address City State Zip
together with the interests, easements, rights, benefits, improvements and attached fixtures appurtenant thereto, and all interest of Seller in
vacated streets and alleys adjacent thereto, except as herein excluded (Property).
2.5. Inclusions. The Purchase Price includes the following items (Inclusions):
2.5.1. Fixtures. If attached to the Property on the date of this Contract lighting, heating, plumbing, ventilating, and air conditioning
fixtures, inside telephone, network and coaxial (cable) wiring and connecting blocksfjacks, floor coverings, intercom systems, sprinkler systems
and controls, garage door openers including ANY remote controls.
Other Fixtures:
All fixtures as they currently exist on the property shall remain with the property and conveyed to Buyer at time of sale.
If any fixtures are attached to the Property after the date of this Contract, such additional fixtures are also included in the Purchase Price.
The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. CBS3-10-11
(Mandatory 1-12)
Scott Realty Co.
0403 1210313010083
Qes Contracts O1993 - 2012 Qes,lnc. 1-800-795-7759
page 2 of 17
Prepared by Patrick L. McNear, Broker/Owner
24.2. Personal Property. If on the Property whether attached or not on the date of this Contract: storm windows, storm doors,
window and porch shades, awnings, blinds, screens, window coverings, curtain rods, drapery rods, heating stoves, storage sheds, and all keys.
If checked, the following are included:
Water Softeners Smoke/Fire Detectors Security Systems I r 1 Satellite Systems (including satellite dishes).
Other Personal Property:
All personal property that is or maybe integral to the day to day operation and maintenance of the building shall be
included and conveyed at time of sale.
The Personal Property to be conveyed at Closing shall be conveyed by Seller free and clear of all taxes (except personal property taxes for
the year of Closing), liens and encumbrances, except
* * NOT APPLICABLE ' *
Conveyance shall be by bill of sale or other applicable legal instrument
2.5.3. Trade Fixtures. With respect to trade futures, Seller and Buyer agree as follows:
--NONE--
The Trade Fixtures to be conveyed at Closing shall be conveyed by Seller free and clear of all taxes (except personal property taxes for
the year of Closing), liens and encumbrances, except
• * NOT APPLICABLE ' *
Conveyance shall be by bill of sale or other applicable legal instrument.
2.5.4. Parking and Storage Facilities. Use Only Ownership of the following parking facilities:
* * NOT APPLICABLE * *
and Use Only Ownership of the following storage facilities:
* * NOT APPLICABLE * *
2.5.5. Water Rights, Water and Sewer Taps.
2.5.5.1 Deeded Water Rights. The following legally described water rights:
All City of Greeley water and sewer taps that exist with the property.
Any water rights shall be conveyed by X assignment or Deed
Other applicable legal instrument
2.5.5.2. Well Rights. If any water well is to be transferred to Buyer, Seller agrees to supply required information about such well to
Buyer. Buyer understands that if the well to be transferred is a Small Capacity Well or a Domestic Exempt Water Well used for ordinary household
purposes, Buyer shall, prior to or at Closing, complete a Change in Ownership form for the well. If an existing well has not been registered with
the Colorado Division of Water Resources in the Department of Natural Resources (Division), Buyer shall complete a registration of existing well
form for the well and pay the cost of registration. If no person will be providing a closing service in connection with the transaction, Buyer shall
file the form with the Division within sixty days after Closing.
The Well Permit # is N/A
2.5.5.3. Water Stock Certificates:
NOT APPLICABLE
2.5.5.4. X Water Tap X Sewer Tap
Note: Buyer is advised to obtain, from the provider, written confirmation of the amount remaining to be paid, if any, time and other
restrictions for transfer and use of the tap.
2.5.5.5. Other Rights:
The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. CBS3-10-11
(Mandatory 1-12)
Scott Realty Co.
0403 1210313010083
Qes Contracts O 1993-2012 Qes,lnc. 1-800-795-7759
Prepared by Patrick L. McNear, Broker/Owner
page 3 of 17
2.6. Exclusions. The following items are excluded (Exclusions):
All Seller owned personal property not set forth previously herein.
3. DATES AND DEADLINES.
Item
No.
Reference
Event
Date or Deadline
1
§ 4.2
Alternative Earnest Money Deadline
MEC plus 3 days
Title and Association
2
§ 7.1
Record Title Deadline
Wednesday, Apri118, 2012
3
§ 7.2
Exceptions Request Deadline
Friday, April20, 2012
4
§ 8.1
Record Title Objection Deadline
Monday, May 7, 2012
5
§ 8.2
Off -Record Tdle Deadline
Wednesday, April 18, 2012
6
§ 8.2
Off -Record Title Objection Deadline
Monday, May 7, 2012
7
§ 8.3
Title Resolution Deadline
Thursday, May 10, 2012
8
§ 7.3
Association Documents Deadline
NOT APPLICABLE
9
§ 7.3
Association Documents Objection Deadline
NOT APPLICABLE
10
§ 8.5
Right of First Refusal Deadline
NOT APPLICABLE
Seller's Property Disclosure
11 § 10.1
Seller's Property Disclosure Deadline _I
NOT APPLICABLE
Loan and Credit
12
§ 5.1
Loan Application Deadline
NOT APPLICABLE
13
§ 5.2
Loan Conditions Deadline
NOT APPLICABLE
14
§ 5.3
Buyers Credit Information Deadline
Wednesday, April 18, 2012
15
§ 5.3
Disapproval of Buyer's Credit Information Deadline
Tuesday, May 1, 2012
16
§ 5.4
Existing Loan Documents Deadline
NOT APPLICABLE
17
§ 5.4
Existing Loan Documents Objection Deadline
NOT APPLICABLE
18
§ 5.4
Loan Transfer Approval Deadline
NOT APPLICABLE
Appraisal
19
§ 6.2
Appraisal Deadline
NOT APPLICABLE
20
§ 6.2
Appraisal Objection Deadline
NOT APPLICABLE
Survey
21
§ 9.1
Current Survey Deadline
Friday, April20, 2012
22
§ 9.2
Current Survey Objection Deadline
Monday, May 7, 2012
Inspection and Due Diligence
23
§ 10.2
Inspection Objection Deadline
Monday, May 7, 2012
24
§ 10.3
Inspection Resolution Deadline
Thursday, May 10, 2012
25
§ 10.5
Property Insurance Objection Deadline
Tuesday, May 1, 2012
26
§ 10.6
Due Diligence Documents Delivery Deadline
Wednesday, April 18, 2012
27
§ 10.7
Due Diligence Documents Objection Deadline
Tuesday, May 1, 2012
28
§ 10.8
Environmental Inspection Objection Deadline
NOT APPLICABLE
29
§ 10.8
ADA Evaluation Objection Deadline
NOT APPLICABLE
30
§ 11:1
Tenant Estoppel Statements Deadline
NOT APPLICABLE
31
§ 11.2
Tenant Estoppel Statements Objection Deadline
NOT APPLICABLE
The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. CBS3-10-11
(Mandatory 1-12)
Scott Realty Co.
0403 1210313010083
Oes Contracts 01993 - 2012 Qes,Inc. 1400-795-7759
Prepared by Patrick L. McNear, Broker/Owner
page 4 of 17
Closing and Possession
32
§ 12.3
Closing Date
Friday, May 11, 2012
33
§ 17
Possession Date
at time of closing
34
§ 17
Possession Time
at time of closing
35
§ 28
Acceptance Deadline Date
Saturday, April 14, 2012
36
§ 28
Acceptance Deadline Time
12:00 PM
Note: Applicability of Terms.
Any box, blank or line in this Contract left blank or completed with the abbreviation "N/A", or the word "Deleted" means such provision in Dates and
Deadlines (§ 3), including any deadline, is not applicable and the corresponding provision of this Contract to which reference is made is deleted.
The abbreviation "MEC" (mutual execution of this Contract) means the date upon which both parties have signed this Contract.
4. PURCHASE PRICE AND TERMS.
4.1. Price and Terms. The Purchase Price set forth below shall be payable in U. S. Dollars by Buyer as follows:
Item
No.
Reference
Item
Am,,rount
Amount
1
§ 4.1
Purchase Price
$ $180,000.00/////////////
2
§ 4.2
Earnest Money
$ $5,000.00
3
§ 4.5
New Loan
$ $0.00
4
§ 4.6
Assumption Balance
$ $0.00
5
§ 4.7
Seller or Private Financing
$ $135,000.00
6
$
$
7
$
$
8
§ 4.3
Cash at Closing
��
$ $40,000.00
9
Total
$ $180,000.00
$ $180,000.00
4.2. Earnest Money. The Earnest Money set forth in this section, in the form of , PERSONAL CHECK
shall be payable to and held by Austin & Austin Real Estate (Earnest Money Holder), in its
trust account, on behalf of both Seller
agree to an Alternative Earnest
§ 33 or § 34, Closing Instructions
to Eamest Money Holder. The parties
Company), if any, at or before Closing.
to a fund established for the purpose
any interest accruing on the Earnest
4.2.1. Alternative Earnest
Contract is as set forth as the Alternative
4.2.2. Return of Earnest
Money as provided in this Contract.
already been returned following receipt
mutual instructions, i.e., Earnest
4.3. Form of Funds; Time
4.3.1. Good Funds. All
shall be in funds that comply with
and cashier's check (Good Funds).
4.3.2. Available Funds.
timely paid to allow disbursement
as of the date of this Contract,
not less than the amount stated as
Money
signed
of
Money
Money
Money.
If
Money
of Payment;
amounts
all applicable
All
by Closing
X
Cash
and Buyer.
Deadline
by Buyer,
authorize delivery
In the event
providing
deposited
Deadline.
Earnest
If Buyer
this Contract
of a Notice
Release
Funds
payable
Colorado
funds required
Company
Does
at Closing
The
(§
Seller
Earnest
affordable
Money
is
to
form,
by
in
Earnest Money deposit shall be tendered with this Contract unless the parties mutually
3) for its payment. If Earnest Money Holder is other than the Brokerage Firm identified in
and Earnest Money Holder must be obtained on or before delivery of Earnest Money
of the Earnest Money deposit to the company conducting the Closing (Closing
Money Holder has agreed to have interest on Earnest Money deposits transferred
housing to Colorado residents, Seller and Buyer acknowledge and agree that
with the Earnest Money Holder in this transaction shall be transferred to such fund.
The deadline for delivering the Earnest Money, if other than at the time of tender of this
Deadline (§ 3).
has a Right to Terminate and timely terminates, Buyer shall be entitled to the return of Earnest
terminated as set forth in § 25 and, except as provided in § 24, if the Earnest Money has not
Terminate, Seller agrees to execute and return to Buyer or Broker working with Buyer, written
within three days of Sellers receipt of such form.
Available.
the parties at Closing, including any loan proceeds, Cash at Closing and closing costs,
laws, including electronic transfer funds, certified check, savings and loan tellers check
to be paid at Closing or as otherwise agreed in writing between the parties shall be
at Closing OR SUCH PARTY SHALL BE IN DEFAULT. Buyer represents that Buyer,
Does Not have funds that are immediately verifiable and available in an amount not
§ 4.1.
The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. CBS3-10.11
(Mandatory 1-12)
Scott Realty Co.
0403 1210313010083
Qes Contracts ® 1993-2012 Qes,Inc. 1-800-795-7759
8
9
10
11
12
luslirgo4i8ti 1
Austin & Austin Real Estate
1823 65th Ave., Ste 2
Greeley, CO 80634
Phone: (970) 353-0790 Fax: (970) 353-0799
1 I The printed portions of this form. except differentiated additions, have been approved by the Colorado Real Estate Commission -
2 (AE42-8-10) (Mandatory l-1ll
3
4 THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX
5 OR OTHER COUNSEL BEFORE SIGNING.
6
7 AGREEMENT TO AMEND/EXTEND
CONTRACT WITH BROKER
This Agreement to Amend/Extend amends the following contract which is checked:
13 ❑X Seller Listing Contract or;
14 ❑ Exclusive Right -to -Lease Contract,
15 dated May 24, 2011, relating to the sale or lease of the real estate in the County of Weld, Colorado,
16 (Legal Description):
17 Lots 13 and 19, and the South 1/2 of Lot 20,
Block 6, yolks Subdivision,
And the West 1/2 of the Vacated Alley Adjacent to,
City of Greeley
18
19
30 known as 2424 6th Avenue
21 Street Address City State Zip
22 ❑ Exclusive Right -to -Buy Contract or;
23 ❑ Exclusive Tenant Contract,
24 dated , between Brokerage Firm named below' and the undersigned Buyer or Seller.
25
26 If this Agreement is used with a lease or rental transaction, the word "Seller- shall mean "Landlord", and the word "Buyer" shall
27 mean "Tenanf-
28
29 This Agreement will control in the event of any conflict with the contract to which it amends.
30
31 Buyer or Seller and Brokerage Firm agree to amend the aforesaid contract as follows:
32 1. The date ending the Listing Period or Duration of Agency/Duration of Relationship is extended to May 16, 2014.
33 2. If this Agreement amends the Listing Contract or Exclusive Right -to -Lease Contract, the price or rental rate is changed to
34 S 239, 500.00.
35 3. Additional amendments:
36
Date: May 14, 2013
Greeley CO 80631 (Property).
38
39 All other terms and conditions of said contract shall remain the same.
40
41
AE42-8-10 CONTRACT TO AMEND/EXTEND CONTRACT WITH BROKER 5/14/2013 10.18 Page 1 of 2
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