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Home My WebLink About20111867.tiff CLERK TO THE BOARD (0416:4 _ PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 1150 O STREET P. O. BOX 758 GREELEY, COLORADO 80632 C. COLORADO August 26, 2011 MAPLEWOOD I INVESTMENTS LLC 6180W10ST GREELEY, CO 80634 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R4095106 PARCEL #: 080306218001 - ETN 2MEP L1 BLK 2 MAPLEWOOD ESTATES PUD 2ND RPLT 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 $1,396,526 $1,110,000 CC:Acthe r) 8 .O?6 -011'// 2011-1867 AS0079 MAPLEWOOD I INVESTMENTS LLC - R4095106 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, d // Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor THOMSON REUTERS 1125 SEVENTEENTH ST SUITE 1575 DENVER, CO 80202 2011-1867 AS0079 2011 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R4095106 STIPULATION (As To Tax Year 2011 Actual Value) RE PETITION OF : NAME: Maplewood Investments LLC ADDRESS: 6180 W. 10 St. Greeley, CO 80634 Petitioner(s),Maplewood I Investments LLC 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: ETN 2MEP L1 BLK 2 MAPLEWOOD ESTATES PUD 2ND RPLT 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 $ 659.497 Improvements$ 737.029 Total $ 1.396,526 4. After further review and negotiation,the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 405.844 Improvements$ 704.156 Total $ 1.110.000 a0//-1867 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 sg. 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 07/29/2011 at 11:00 am be vacated; or, a he �'rig has not yet been scheduled before the Board of Equalization i• (check if appropriate). DATED 25th day of July, 2011. Petitioner(s) or Attorney Petitioner(s) or Attorney /ten 3 '=✓"BPS Address: Address: /R1 St S ..,I-1 IS7( Telephone: 3 ) ≥`'z- G z Telephone:CCoun Asses r C< Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 NOTICE OF DETERMINATION Christopher M. Woodruff cL' ' t' 1 i Y Date of Notice: 6/22/2011 Weld County Assessor 'IRS Telephone: (970) 353-3845 or (720) 652-4255 1400 N 17th Ave Fax: (970) 304-6433 Greeley, CO 80631 'r j L I 3 A I I: fJaE-mail: appeals@co.weld.co.us www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. t LEGAL DESCRIPTION/ jl t( &Rl �t Y'A AREA PHYSICAL LOCATION R4095106 2011 3993 ETN 2MEP L1 BLK 2 MAPLEWOOD ESTATES PUD 2ND RPLT x 201 S ELM AV, EATON W MAPLEWOOD I INVESTMENTS LLC C 6180W10 ST GREELEY,CO 80634 0. 0. cc a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 1,470,000 1,396,526 TOTAL $1,470,000 $1,396,526 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 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 information. THOMSON REUTERS 1125 SEVENTEENTH ST SUITE 1575 DENVER CO 80202 2011-1867 Maplewood I Investments LLC 201 S.Elm 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 property pursuant to § 39-8-106(1.5), C.R.S.) $ 1,110,000 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.) R/10•5106 The property is valued in excess of fair market value based on the three approaches to value: cost, market and income approaches. In addition,the property is valued in excess of other similarly situated properties. ATTESTATION I, the unde igned owner or agent' of the property identified above, affirm that the statements contained herein and o n tachments hereto are true and complete. (p1) 252 7/15/2011 Signature Telephone Number Date ' Attach letter of authorization signed by property owner. LETTER OF AUTHORIZATION To Whom It May Concern: Owner of Record: Maplewood I Investments LLC Hereby appoints and authorizes Thomson Reuters (Property Tax Services), Inc. as taxpayer's property tax representative on all matters pertaining to the 2011 and 2012 ad valorem taxes relating to the property listed below. Until written notice of termination is issued, Thomson Reuters (Property Tax Services), Inc. may have the right to, exclusive to the below listed property,examine property tax records,obtain all property tax statements,and discuss or appeal any property tax assessments with the proper authorities, when in their opinion, the property tax assessment does not constitute fair market value. Additionally,Thomson Reuters(Property Tax Services),Inc. has the right to file property tax appeals to the appropriate jurisdiction,if authorized by law. Instructions: This letter of authorization must be signed by the OWNER OF RECORD. If the Management Company is acting on behalf of the owner,then a letter from the owner or a copy of the management agreement must be supplied If the Lessee is initiating the appeal, then a copy of the entire lease must be provided to establish proper authorization, this lease must state that lessee has authority to appeal property value. LLC's must be signed by Manager/Member,Partnerships must by signed by a General Partner, Corporations must be signed by an Officer and a Trust must be signed by a trustee.All Colorado Letters of Authorization must be notarized Parcel Number Address l Jurisdiction I Stan I R4095106 1201 S Elm Ave j Weld County CO Signature 0,l3 D IE7 J . 3 R-I) /l9,1"47/1-- Printed Name: r� Title: f7 if Address: 9• © • OX / q,91 L u censor, C O 8e696 Phone Number: 970 - 35 2 - 79 7s Subscri and sworn before me thi day of A /tr I 1 t/` /' Notary Public" State of O. D l.[)EA- County of LAIICI j- My commission expires D 7/Q&/0-U,f/ CLERK TO THE BOARD f PHONE (970) 336-7215 E 4226 FAX: (970) 35252-0242 WEBSITE: www.co.weld.co.us 915 10TH STREET WI I D P.O. BOX 758 C. GREELEY COLORADO 80632 COLORADO July 25, 2011 MAPLEWOOD I INVESTMENTS LLC 6180W10ST GREELEY, CO 80634 Parcel No.: 080306218001 Account No.: R4095106 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 29, 2011, at or about the hour of 11:00 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Centennial Center, First Floor Hearing Room, 915 10th 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, 2011, and mailed to you on or before August 12, 2011. 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. 2011-1867 AS0079 MAPLEWOOD I INVESTMENTS LLC - R4095106 Page 2 Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor THOMSON REUTERS 1125 SEVENTEENTH ST SUITE 1575 DENVER, CO 80202 2011-1867 AS0079 Hello