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Home My WebLink About20111933.tiff Kis;ce4 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: 0) 352-0242 1150150 O STREET P. 0. BOX 758 ' GREELEY, COLORADO 80632 C. COLORADO August 26, 2011 BMC WEST CORPORATION PO BOX 70006 BOISE, ID 83707-0106 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R5274686 PARCEL #: 130931400012 - FTL 16232-K PT N2SE4 31 2 66 BEG 40.30'N & N89D59'W 30' FROM SE COR N2SE4 N89D59'W 315.10' N519.96' N89D56'W 604.19' S35D51'W 690.46' TO PT ON S LN S89D56'E 1323.71' N40.28' M/L TO BEG (10.657A) 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 $1,435,328 $1,335,000 cc.' /GAT 1/e/ / er) V/cxx`o? // 20AS1933 BMC WEST CORPORATION - R5274686 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, s i��/ 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 2011-1933 AS0079 2011 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R5274686 STIPULATION (As To Tax Year 2011 Actual Value) RE PETITION OF : NAME: BMC West Corporation ADDRESS: 1241 Denver Av Fort Lupton, CO W • % v ♦ T W Petitioner(s),BMC West Corporation 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: FTL 16232-K PT N2SE4 31 2 66 BEG 40.30'N Aka 1241 DenverAv, Fort Lupton, CO 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 $ 435,328 Improvements$ 1,000,000 Total $ 1,435,328 4. After further review and negotiation,the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 435,328 Improvements$ 899,672 Total $ 1,335,000 2011-1933 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 adjusted based upon the general market prices per sq. 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). DATED this 14th day of July, 2011. e itioner(s) or Attorn y Petitioner(s) or Attorney Address: Address: / //of4gh'. f,l nom_ 4 / d ( cPn2 z7� �� Telephone: 7,2a-'( 7,-$75-) Telephone: / County As ssor C �`!''� Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 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 R5274686 2011 3428 FTL 16232-K PT N2SE4 31 2 66 BEG 40.30'N & N89D59'W 30' FROM SE COR N2SE4 w N89D59'W 315.10' N519.96' N89D56'W 0 BMC WEST CORPORATION 604.19' S35D51'W 690.46' TO PT ON S LN PO BOX 70006 S89D56'E 1323.71' N40.28' M/L TO BEG BOISE,ID 83707-0106 (10.657A ) a 1241 DENVER AV, FORT LUPTON cc a. ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW INDUSTRIAL 1,410,328 1,410,328 COMMERCIAL 25,000 25,000 TOTAL $1,435,328 $1,435,328 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 tliaj you attend these budget hearings. Please refer to last year's tax bill or ask your A;ssessaFfor 'a^_., listing of the local taxing authorities. I - i Please refer to the reverse side of this notice for additional information. — 1ST NET REAL ESTATE SERVICES INC 3333 S WADSWORTH BLVD SUITE 200 -� LAKEWOOD CO 80227 • ••j• _1 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. I 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 property pursuant to § 39-8-106(1.5), C.R.S.) $ /, an 6cb 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.) n/tiAtde_t c en 4 Aredizahz,e ATTESTATION nI, the dersigned owner or agent of the property identified above, affirm that the statements contained her d on a attachments hereto are true and complete. ,—,;-L--- 77v-9r<2-5 7-0 7- 9)--2,4/i Signature Telephone Number Date Attach letter of authorization signed by property owner. Cost Approach 1241 Denver Ave. Direct Cost of Exsisting Improvements Building: 51,316 Square Feet @ $ 25.00 per square feet $ 1,282,900 Site Improvements SF 464,350 @ $ 0.25 $ 116,088 Total Direct Cost $ 1,398,988 Developers Indirect Cost and Profit @ 10% $ 139,899 Replacement Cost New $ 29.99 $ 1,538,886 Depreciation, which is a loss in value of improvements, may be thought of in three catagories. Physical Depreciation: 60% $ (923,332) Economic Depreciation: Functional Depreciation: Depreciated Improvement Value $ 615,555 Add land to Value $ 0.94 $ 436,489 Total $ 1,052,044 Rounded $ 1,052,044 2401 2nd Ave-Fabricated Metal Products Bldg i �. . , SOLD Greeley,CO 80631 -Weld Countylnd Sutimarket Sale on 01/26/2010 for$2,300,000($21 54/SF),Research Complete 106,800 SF Class,B Manufacturing Building Built in 1966 V .f rr, � �. iy • .tl5! 23rd St U o nO •"" i 25th St'. Delta _. Park. . 1 _S00 1d5 Microsoft I Virtual Earth' �]Ji_isnif wtdL .o: ;sivt 5I.JD ;r ,:r ut,,,• Buyer&Seller Contact Info Recorded Buyer: Jbs Usa LIc Recorded Seller: Jdj Invest True Buyer: JBS USA True Seller: JDJ Investments,LLC 2401 2nd Ave 4840 W 29th Ave Greeley,CO 80631 Denver,CO 80212 (970)506-8000 (303)824-2069 Seller Type: Individual Listing Broker: Realtec Commercial Real Estate Services Mark Bradley (970)346-9900 Transaction Details ID:1870176 1: Sale Date: 01/26/2010(746 days on market) Sale Type: Investment OR Owner/User Escrow Length: - Bldg Type: Manufacturing Sale Price: $2,300,000-Full Value Year Built/Age: Built in 1966 Age:44 Asking Price: $2,950,000 RBA: 106,800 SF Price/SF: $21.54 Land Area: 13 AC(566,280 SF) Price/SF Land Gross: $4.06 Percent Leased: 100.0% Tenancy: Multi Percent Improved: 67.9% Total Value Assessed: $763,120 in 2009 Improved Value Assessed: $518,400 Land Value Assessed: $244,720 Land Assessed/SF: $0.00 No.of Tenants: 1 Tenants at time of sale: Ultimate Support Systems Parcel No: 096117402001 Document No: 3672917 This copynyhted report contains research licensed to 1st Net Real Estate Services-89536. 5118/2011 Page 1 is O11at4t�Stti. SOLD S '�F rt L pton CO 80621 -Weld County Id Submarket - . `tr$ale or O9/0212009 for$2,600,000($31 26/SF) Research Complete ;'`^ "� -2,,,-.;,,:,-;, ,}�,-, 8 17 n a C Manufacturing Building Built in 1973 - A- ' nt. , ,' e ''rat .j 4 T.'.C, i r& a, at Y Do i ZS co If e Oom 85 14th 8t 1". 03 .. U f,' 5 Stage 0i - f r t V Z I g Lantern Dr S0r0 yds {Mkroseft I n. I r -,..4:-,,,4_,V.,---2-,;-'3t „ r�n Virtual Earth'" osj§a:d,if ritr�1�'ao :-vr-1.s. lv � ^ t r '' Bu er&Seller.Contact Info - '? Recorded Buyer: Bach Composite Cob Inc Recorded Seller: Rader Properties True Buyer: Bach Composite Cob Inc True Seller: Colorado Railcar Mfg,LLC. Geert Skovsgaard Thomas Kim 1011 14th St 1011 E 14th St Fort Lupton,CO 80621 Fort Lupton,CO 80621 Buyer Broker: Cassidy Turley Fuller Real Estate Listing Broker: CB Richard Ellis Kittie Hook Ryan Good (303)312-4265 (720)528-6383 Mike Camp (720)528-6313 Transaction Details - - ` a 1770811 Sale Date: 09/02/2009(155 days on market) Sale Type: OwnerlUser Escrow Length: 7 days Bldg Type: Manufacturing Sale Price: $2,600,000-Confirmed Year Built/Age: Built in 1973 Age:36 Asking Price: $2,700,000 RBA: 83,178 SF Price/SF: $31.26 Land Area: 16.14 AC(703,058 SF) Price/SF Land Gross: $3.70 Percent Leased: 100.0% Sale Conditions: Distress Sale Percent Improved: 79.2% Total Value Assessed: $1,224,435 in 2009 Improved Value Assessed: $969,435 Land Value Assessed: $255,000 Land Assessed/SF: $0.00 No.of Tenants: 1 Tenants at time of sale: Rader Properties Parcel No: 130932000019 Document No: 3647822 �m This copyrighted report contains research licensed to 1st Net Real Estate Services-59536. 5/16/2011 ^,:.:k Page 3 16300 Cr-44 . ,. 'f,-:...::..E‘...1"'..:..; ,,v SOLD 4 La-Salle CO 80645-Weld County Ind Submarket - 4 • ..-..„••,41,44-,-,:k S •Sale on 05/03/2010 for$800,000(S25:46/SF)-Research Complete 31,425 SF Class.C Warehouse Building Built in 1985 o • Peckham.' —... - j O County Road 44 .:.v i• Y 1 r 7Y-±c1:';'ST-'-'''' �, , / x • .. - pry• - U 560 yds.. Mkrosoft' t Virtual Earth' n1sL3.Ji1:atollCit;,1��,2"-il17rLLTs.:1,Z.1Alb _.- • ' Buyer&Seller Contact Info Y - �' - �� Recorded Buyer Petrocco Family Lp Lltp Recorded Seller: Martin Produce Co Inc True Buyer. Petrocco Family Lp Lllp True Seller: Martin Produce Co Inc David Petrocco Duane Zabka 14110 Brighton Rd Brighton,CO 80601 (303)659-6498 . 3' °;_ "`-05 Transaction Details. .."--,•''''C'•-• M ` • s;. .'` ID: 1925033 • Sale Date: 05/03/2010 Sale Type. Owner/User Escrow Length: - Bldg Type Warehouse Sale Price $800,000-Full Value Year Built/Age: Built in 1985 Age:25 Asking Price: - RBA: 31,425 SF Price/SF: $25.46 Land Area: 4.52 AC(196,891 SF) Price/SF Land Gross. $4.06 Percent Leased. 100.0% Tenancy: Multi Percent Improved: 87.2% Total Value Assessed: $143,890 in 2009 Improved Value Assessed: $125,540 Land Value Assessed. $18,350 Land Assessed/SF: $0.00 Financing: $750,000.00 from Seller Parcel No: 105723000056 Document No: 3691449 _ This copyrighted report contains research licensed to 1st Net Real Estate Services-89536. 5/18/2011 Pago 8 �1A11\1111 .®e1ee16 111) ®eee11I\111! 1111A1i'IIAI st ®®®®®®®®®®l 1 Net Real Estate Services, Inc., 3333 S. Wadsworth Blvd. Ste 200 11A111111111 11e111Y1111) Lakewood, CO 80227, Phone: 720-962-5750- Fax: 720-962-5760 anvil LETTER OF AUTHORITY To Whom It May Concern: I, Brad Armitage 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 2012. 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)962-5760 I hereby expressly revoke any a d all previous authorizations relating to the Property(s). Dated this 'P day of ril 20 I I. Owner: BMC CORPORAT N/BMC REALTY,INC. ( Signature: ` ///C Print Name: '13Q -4-DA k n vt fc--g Title: Director of Tax a Address: 720 Park Blvd.ID 83712 • City,State,Zip: Boise, ID 83712 Phone: 208-331-4300 Fax#: 208-331-4492 STATE OF k--c-ltti.ltio ) SS COUNTY OF Sworn to and}}ubscribed before me this rX CO day of C't"1i r t L 20 t C by laracl FF✓MtI-aq e Witness my hand and offThial gal. My Commission expires S t.f-}em lOer ) g, .-0 ('r jar / u. G'-9'nt o y e-cmcurc Notary PuKlic TONYA BRAME-LEONARD Address 7;72.0 An-IC Bt4/1.) S cu to ;LOO Notary Public l 0 ise ZP g3-7-,d— State of Idaho "EXHIBIT A" Address Parcel / Schedule # County 7272 S Eagle St. Centennial 2073-30-4-02-015 Arapahoe 7881 S.'Wheeling Ct. Englewood 2075-36-4-04-001 Arapahoe 1001 W Mississippi Ave. Denver 5164-01-008 Denver 870 (720) Paonia St. Colorado Springs 54073-15-027 El Paso 2700 E 4th St. Pueblo 433000050/0433000115/0433000114 Pueblo 500 E 27th St. Greeley R3568286 Weld 1241 Denver Ave. Fort Lupton R5274686 Weld 420 26th St. (land only) Garden City R3567786 Weld Hello