HomeMy WebLinkAbout20112007.tiff (it
Le.
CLERK TO THE BOARD
21. ; PHONE (970)AX: (915, Ext.352 4226
FAX: (970) 3 STREET
1150 O STREET
P. O. BOX 758
IGREELEY, COLORADO 80632
Ci
COLORADO
August 26, 2011
SAFEWAY STORES 45 INC
1371 OAKLAND BLVD SUITE 200
CIO CPTS (No. 1828)
WALNUT CREEK, CA 94596-4349
RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - STIPULATE
PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE
DESCRIPTION OF PROPERTY: ACCOUNT#: R0722701 PARCEL#: 131119304005 - FIR FS
L5 FIRESTONE SAFEWAY
Dear Petitioner:
On July 26,2011,the Board of County Commissioners of Weld County, Colorado,convened,
and acting as the Board of Equalization, pursuant to Section 39-8-101, C.R.S., et.seq., considered
the Stipulation on your petition of appeal of the County Assessor's valuation of your property
described above, for the year 2011.
The Stipulation was entered into between the Assessor and said petitioner(s),and accepted
by the Board of Equalization, agreeing that the assessment and valuation of the Weld County
Assessor be Stipulated as follows:
ACTUAL VALUE AS ACTUAL VALUE
DETERMINED BY AS STIPULATED
ASSESSOR
$4,598,046 $4,073,000
/� / 2011-2007
ed.1,17- /ei/) -a7te --‘,722// AS0079
SAFEWAY STORES 45 INC - R0722701
Page 2
If you have questions or need additional information, please do not hesitate to contact me at
(970) 336-7215, Extension 4226.
Very truly yours,
Esther E. Gesick
Deputy Clerk to the Board
cc: Christopher Woodruff, Assessor
1ST NET REAL ESTATE SERVICES INC
3333 S WADSWORTH BLVD SUITE 200
LAKEWOOD, CO 80227
2011-2007
AS0079
2011
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
ASSESSOR'S ACCOUNT NUMBER R0722701
STIPULATION (As To Tax Year 2011 Actual Value)
RE PETITION OF :
NAME: Safeway Stores 45 Inc
ADDRESS: 8134 13 Cr
Firestone, CO 80520
* * * * *
Petitioner(s), Safeway Stores 45 Inc and the Weld County Assessor, hereby enter
into this Stipulation regarding the tax year 2011 valuation of the subject property, and
jointly move that the Board of Equalization to enter its order based on this Stipulation.
Petitioner(s) and the Assessor agree and stipulate as follows:
1. The property subject to this Stipulation is described as:
L5 FIRESTONE SAFEWAY
2. The subject property is classified as Commercial
property.
3. The County Assessor originally assigned the following actual value to the subject
property for tax year 2011.
Land $ 1,294,700
improvements$ 3,303,346
Total $ 4,598,046
4. After further review and negotiation,the petitioner(s) and Weld County Assessor
agree to the following actual value for the subject property.
Land $ 1,294,700
lmprovements$ 2,778,300
Total $ 4,073,000
2011-2007
5. The valuations, as established above, shall be binding only with respect to tax
year 2011.
6. Brief narrative as to why the reduction was made: Value was adiusted based
upon the general market prices per SC1, ft. that were in place in the base period,
additionally the income was considered as backup for the market.
7. Both parties agree that the hearing scheduled before the Weld County Board of
Equalization on n/a at n/a be vacated,; or, a hearing has not yet been
scheduled before the Board of Equalization x _ (check if appropriate).
ATED t is 21St day of July, 2011.
Petitioner(s) or Attor y Petitioner(s) or Attorney
Address. �, Address:
Q ,
,3-c v Utz r/rEXCA eil. "
Telephone: 7.2n -96 -6756 Telephone:
o4 ,4
County Ass ss ?/or
Address:
1400 N.17th Avenue
Greeley, CO 80631
(970) 353-3845 ext. 3656
Yv1 ,-
NOTICE OF DETERMINATION
Christopher M. Woodruff Date of Notice: 6/22/2011
Weld County Assessor Telephone: (970) 353-3845 or (720) 652-4255
1400 N 17th Ave Fax: (970) 304-6433
Greeley, CO 80631 E-mail: appeals@co.weld.co.us
www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM
SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/
PHYSICAL LOCATION
R0722701 2011 3929 FIR FS L5 FIRESTONE SAFEWAY
8134 13 CR, FIRESTONE
x
z SAFEWAY STORES 45 INC
0 0/O OPTS(No. 1828)
1371 OAKLAND BLVD SUITE 200
w WALNUT CREEK,CA 94596-4349
0.
ce
0.
ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER
REVIEW REVIEW
COMMERCIAL 4,598,046 4,598,046
TOTAL $4,598,046 $4,598,046
The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessor's determination of value after review is based
on the following:
CM05- The law requires that all of 2009 and the first 6 months of 2010 data be used to
establish current values.We have considered all (3) three approaches to value in arriving at
your current valuation. We have denied your appeal based upon this data.
If you disagree with the Assessor's decision, you have the right to appeal to the County
Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S.
The deadline for filing real property appeals is July 15.
The deadline for filing personal property appeals is July 20.
The Assessor establishes property values. The local taxing authorities (county, school district,
city, fire protection, and other special districts) set mill levies. The mill levy requested by each
taxing authority is based on a projected budget and the property tax revenue required to
adequately fund the services it provides to its taxpayers. The local taxing authorities hold
budget hearings in the fall. If you are concerned about mill levies, we recommend that you
attend these budget hearings. Please refer to last year's tax bill or ask your Assessor_for a
listing of the local taxing authorities. -
Please refer to the reverse side of this notice for additional informatiion.
1ST NET REAL ESTATE SERVICES INC w
3333 S WADSWORTH BLVD SUITE 200
>
LAKEWOOD CO 80227 =
c
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from July 1 through August 5
at 915 10th Street, Greeley, CO
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
915 10th Street, P.O. Box 758
Greeley, CO 80632
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 and on or before July 20 for
personal 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 9th Avenue and 9th Street
Denver, CO 80203 P.O. Box C
(303) 866-5880 Greeley, Colorado 80632
www.dola.colorado.gov/baa (970) 356-4000 Ext. 4520
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, 2010? (Your opinion of value in terms of
a specific dollar amount is required for real r perty pprsu nt to § 39-8-106(1.5), C.R.S.)
11 IVY11
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.)
ATTESTATION AndAIersigned owner or agent' of the property identified above, affirm that the statements contained
d on an attachments hereto are true and complete.
2-7r— `i,pn-262 57. -7-/ / -7,ci ( i
Signature Telephone Number Date
Attach letter of authorization signed by property owner.
8134 CR 13
Total Operating Revenue 2010
56,766 Rentable SF @ $ 7.00 $ 397,362
Vacancy 5% $ (19,868)
$ 377,494
Operating Expense
2010
Management 3% 11,325
Reserve Expenses 8% 30,200
Total Expenses $ 41,524 $ 41,524
Expenses Per SF $ 0.73
Net Income from Rental Real Estate $ 335,970
Capitalization Rate 9.00% 9.0%
Indicated Property Value $ 3,732,995
Rounded $ 3,732,995
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Recorded Buyer: Dillon Companies,Inc. Recorded Seller: Marketplace At Briargate,LLC
65 Tejon St
Denver,CO 80223
(303)778-3100
Buyer Contact Barb Astmus True Seller Regency Realty Group,Inc
1873 S Bellaire St
Denver,CO 80222
(303)300-5300
Buyer Broker: No Buyer Broker on Deal Listing Broker: No Listing Broker on Deal
-�. , .';Transaction Details, -i:. ,, ' '.,,Ir, ilia:rl#'.ID:1190701`
Sale Date: 06/15/2006
Sale Type: Owner/User
Escrow Length: Bldg Type: Retail-Supermarket(Neighborhood
Center)
Sale Price: $2,225,000-Confirmed Year Built/Age: Built in 2006
Asking Price: - GLA: 66,000 SF
Price/SF: $33.71 Land Area: 7.29 AC(317,552 SF)
Price/SF Land Gross: $7.01
Percent Leased: -
Tenancy: Single
Transfer Tax: $222.50
Legal Desc: Lot 1 Briargate Parkway Plaza Flg 1
Parcel No: 62352-10-002
Document No: 0129952
Transaction Notes - ,..,-.� '' L`';'i'ir3.i ", .'+I'`'ri `F^.�•„,
King Soopers is the anchor for the Marketplace at Briargate shopping center.
This copynghted report contains research licensed to 1st Net Real Estate Services-89536. 7/8/2009
Page 4
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Recorded Buyer: Lafayette Sunflower LLC Recorded Seller: ABS RM Investor LLC
True Buyer: Snyder Realty Group True Seller: Cerberus Capital Management,LP
Loren Snyder 299 Park Ave.23rd Floor
3900 E Mexico Ave New York,NY 10171
Denver,CO 80210 (212)891-2100
(303)918-5390 Lubert-Adler Partners,L.P.
2929 Arch St
Philadelphia,PA 19104
(215)972-2200
Klaff Realty,LP
122-150 S Michigan Ave
Chicago, IL 60603
(312)360-1234
Kimco Realty Corporation
3333 New Hyde Park Rd
New Hyde Park,NY 11042
(516)869-9000
Schottenstein Real Estate Brokerage
2 Easton Oval
Columbus,OH 43219
(614)418-8900
Buyer Type: Individual Seller Type: Investment Manager
Equity Funds
DeveloperlOwner-NTL
REIT
Buyer Broker: Advisor Commercial Realty LLC Listing Broker: SullivanHayes Brokerage
Philip Baggerly Brian Shorter
(720)261-5439 (303)534-0900
Jeff Tompkins Grant Maves
(720)274-9800 (303)534-0900
John Liprando
(303)534-0900
_.. _ ... -.t. i--��. ' i '+ :�� .Tansactio Details , '. �4 `� :_; ._.._. 193�F9M3'
,t+nt This copyrighted report contains research licensed to 1st Net Real Estate Services-89538_ 51912011
I Page 37
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WEI11111 11111 Lakewood CO 80227,Phone:720-962-5750, Fax:720-962-5760
LETTER OF AUTHORITY
To Whom It May Concern:
I, Robin H.Knight , am the owner, and/or agent of the owner, of the following real and/or business personal
property:
ADDRESS PARCEL/SCHEDULE NUMBER COUNTY
See Exhibit A,Attached hereto and incorporated herein by this reference
I do hereby authorize 1st Net Real Estate Services, Inc. to represent my interests and to appear on my behalf before County
Assessor, County Board of Equalization, Board of County Commissioners, the Colorado Board of Assessment Appeals,binding
arbitration, District Court, all Colorado state courts, and/or any other agency or entity with regard to any and all matter(s)
concerning the valuation and taxation of the above mentioned property(s) for tax years 2011, and all previous years as allowed
by Colorado law.
The undersigned requests that copies of all decisions from any of the above entities,or any other agency or entity, as is involved
pertaining to matters of valuation and/or taxation for the above-mentioned property(s),be mailed to:
1st Net Real Estate Services,Inc.
3333 South Wadsworth Blvd. Suite 200
Lakewood, CO 80227
Phone: (720) 962-5750
Fax: (720) 962-576600,,/�`1L ����
Dated this zp day of ����'14""' "( 2017.
Owner/Tenant: _ _ Safeway Inc.
Signature: L�yl/ Q. ',O
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Print Name: ,�RobinH.Knight A
Title: 4-ss/sro,tr T7fe/f-SUXEZ
Address: 5918 Stoneridge Mall Rd.
City,State,Zip: Pleasanton,CA 94588
Phone: 925-226-5565 Fax#: 925-226-5738 ii MARSHADSCHAAK
a ,'9' g, ,. C0MM.IZ 1924955
STATE OF CALIFORNIA ) I •s� NoTAmy Pueuc • CALIFORNIA
SS JI �;;� ►I AIAME?.MARCH
R hj�r n MY CONK EXP.MARCH 8,2015
COUNTY m to and subscribed before me this 2—% day of ?0-`r C----• 20 M. by
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Witness my hand and officiafleal.��Y ZD\S
My Commission expires ! . '�".".� t'RSHA • •K
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Notary Public ^' MY co E r " I F :015 l
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EXHIBIT A
Address Schedule # County
37500 E HWY 40 R4251212 ROUTT
1008 SUMMIT 1900139 SUMMIT
FRISCO 1900072 SUMMIT
1101 E HWY 24 6031.302.190.060 TELLER
WOODLAND PARK 6031.302.190.020 TELLER
1122 11TH Ave. R3239986 WELD
100 S ROLLIE AVE R1395402 WELD
101 S ROLLIE AVE Fuel R1395802 WELD
1535 MAIN R0584601 WELD
1536 MAIN Fuel R0584701 WELD
8206 13 CR. R0722701 WELD
8206 13 CR. R5411386 WELD
8206 13 CR.Fuel R0722901 WELD
4632 CENTERPLACE DR. R2132803 WELD
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