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HomeMy WebLinkAbout20112134 Q© Stevens & Associates R © Specialists in:Property Tax Reductions Utility Bill Auditing MI .rfiV 2? r 9: +!0 Dear County Board: Please find enclosed our 2011 Real Property tax Appeals requested information. This Property is Vacant; there are no documents required. Mile High Banks 713313CR Weld: R2806104/131325425002 This information has been submitted satisfying the requirements within the senate's bill 11-119. Sincerely, Todd J. Stevens President Stevens &Associates Cost Reduction Specialists, Inc. 9800 Mt. Pyramid Court, Suite 220, Englewood, Colorado 80112 Cpvn my ati tiOr ao 11- a 13 1 11 '� 11 (303) 347-1878 ()fax(303) 347-9242 Ce- . Qe\, `ASR ASoomA 11 - D3 - ii ©© Stevens & Associates Rill Specialists in:Property Tax Reductions ^ " '1' � � Utility Bill Auditing "' 1;� Dear County Board: Please find enclosed our 2011 Real Property tax Appeals requested information. Enclosed you will find the following: • 2009-2010 Rent Rolls • 2009-2010 Income & Expense statements Mile High Banks 3050 67 Ave Weld: R6778547/095921272008 This information has been submitted satisfying the requirements within the senate's bill 11-119. Sincerely, Todd J. Stevens President Stevens & Associates Cost Reduction Specialists, Inc. 9800 Mt. Pyramid Court, Suite 220, Englewood, Colorado 80112 DO1 \- a\3L1 G:mmUrC1 r o:k0an (303) 347-1878 ',fax(303) 347-9242 IA 5O. 161 \\• aq-11 u '. i Asa llZ3- ►I 8 Mile High Banks-St. Michaels Income Statement For the Twelve Months Ending December 31,2009 Current Month Year to Date OPERATING INCOME Base Rent 1,908.75 74.19 6,826.25 82.58 Additional Rent-CAM 388.06 15.08 1,164.18 14.08 Daily Kitchen Rentals 150.00 5.83 150.00 1.81 Miscellaneous Income 126.00 4.90 126.00 1.52 TOTAL OPERATING INCOME 2,572.81 100.00 8,266.43 100.00 REIMBURSABLE PROPERTY EXP Association Expenses 3,675.24 142.85 3,675.24 44.46 Marketing Expense 1,180.00 45.86 1,500.00 18.15 Repairs& Maintenance- Build <111.00> <4.31> 1,075.92 13.02 Repairs&Maintenance-Ground 0.00 0.00 3,71 1.53 44.90 Security Monitoring 123.80 4.81 207.65 2.51 Sign Maintenance 0.00 0.00 636.24 7.70 Utilities-Electric 2,673.99 103.93 4,985.53 60.31 Utilities-Gas 1,055.67 41.03 1,666.31 20.16 Utilities-Telephone 0.00 0.00 35.00 0.42 Utilities-Telephone-Security 391.98 15.24 561.83 6.80 Utilities- Water 746.60 29.02 1,275.73 15.43 Property Management Fees 2,000.00 77.74 6,058.08 73.29 Mileage Reimbursement-Mgmt 58.08 2.26 58.08 0.70 Salary Reimbursement-Mgmt 1,980.00 76.96 5,940.00 71.86 Accounting Services-Mgmt 500.00 19.43 1,800.00 21.77 TOTAL REIMBURSABLE PROPERTY EXP 14,274.36 554.82 33,187.14 401.47 NON-REIMBURSABLE PROPERTY EXP TOTAL NON-REIM. PROPERTY EXP 0.00 0.00 0.00 0.00 GENERAL& ADMINISTRATIVE EXP Delivery Expenses 0.00 0.00 14.79 0.18 TOTAL GENERAL& ADMIN. EXP. 0.00 0.00 14.79 0.18 NET OPERATING INCOME <11,701.55> <454.82> <24,935.50> <301.65> OTHER INCOME/EXPENSE TOTAL OTHER INCOME/EXPENSE 0.00 0.00 0.00 0.00 NET INCOME <11,701.55> <454.82> <24,935.50> <301.65> 5/10/2011 at 12:02 PM Page: 1 Page Sj i. Mile High Banks-St.Michaels ♦ € Income Statement For the Six Months Ending June 30,2010 Current Month Year to Date INCOME Base Rent $ 5,758.75 87.96 $ 25.052.50 87.05 CAM Recovery 388.06 5.93 2,328.36 8.09 Daily Kitchen Rentals 400.00 6.11 950.00 3.30 Daily Rentals-Other 0.00 0.00 450.00 1.56 TOTAL OPERATING INCOME 6,546.81 100.00 28,780.86 100.00 EXPENSES REIMBURSABLE EXPENSES Association Expenses 2,348.00 35.86 14.088.00 48.95 Equipment Rental 89.34 1.36 178.68 0.62 Repairs&Maintenance-Build 2,162.50 33.03 2,273.32 7.90 Sign Maintenance 0.00 0.00 17.93 0.06 Property Management Fees 2,000.00 30.55 13.980.00 48.57 Mileage Reimbursement-Mgmt 116.16 1.77 580.80 2.02 Salary Reimbursement-Mgmt 1,980.00 30.24 9,900.00 34.40 Accounting Services-Mgmt 500.00 7.64 3,000.00 10.42 TOTAL REIMBURSABLE PROPERTY EXP 9,196.00 140.47 44,018.73 152.94 NON-REIMBURSABLE EXPENSES Cleaning 482.00 7.36 1,032.00 3.59 Marketing Expense 0.00 0.00 1,830.12 6.36 Security Monitoring 243.25 3.72 795.45 2.76 Utilities-Electric 1,463.67 22.36 10,473.86 36.39 Utilities-Gas 475.15 7.26 4,248.33 14.76 Utilities-Telephone 0.00 0.00 298.17 1.04 Utilities-Telephone-Security 280.55 4.29 944.52 3.28 Utilities-Water 945.20 14.44 4,754.48 16.52 Miscellaneous 0.00 0.00 353.48 1.23 Postage 0.00 0.00 11.53 0.04 TOTAL NON-REIM.PROPERTY EXP 3,889.82 59.42 24,741.94 85.97 NET INCOME $ (6,539.01) (99.88) $ (39,979.81) (138.91) • Page:1 Mile High Banks-St.Michaels Income Statement For the Twelve Months Ending December 31.2010 Current Month Year to Date INCOME LEASING REVENUES Base Rent $ 6,552.23 93.19 $ 64,773.48 81.68 CAM Recovery 0.00 0.00 4,268.66 5.38 Daily Kitchen Rentals 250.00 3.56 4,135.00 5.21 Daily Rentals-Other 0.00 0.00 450.00 0.57 1'O'l'AL LEASING REVENUES 6,802.23 96.74 73,627.14 92.84 EXPENSE REIMBURSEMENTS Utility Expense Reimbursments 112.61 1.60 4,511.62 5.69 HOA Expense Reimbursement 116.40 1.66 1,164.00 1.47 TOTAL EXPENSE REIMBURSEMENTS 229.01 3.26 5,675.62 7.16 TOTAL INCOME 7,031 24 100.00 79,302.76 100.00 EXPENSES REIMBURSABLE EXPENSES Association Expenses 2,348.00 33.39 28.176.00 35.53 Equipment Rental 89.34 1.27 714.72 0.90 Repairs&Maintenance-Build 0.00 0.00 7,405.11 9.34 Sign Maintenance 0.00 0.00 17.93 0.02 Property Management Fees 2,000.00 28.44 25,980.00 32.76 Mileage Reimbursement-Mgmt 174.24 2.48 1,501.28 1.89 Salary Reimbursement-Mgmt 1,980.00 28.16 21,780.00 27.46 Accounting Services-Mgmt 500.00 7.11 6,000.00 7.57 TOTAL REIMBURSABLE PROPERTY EXP 7,091.58 100.86 91,575.04 115.48 NON-REIMBURSABLE EXPENSES Cleaning 300.00 4.27 2,286.00 2.88 Condominiumization Costs 6,651.49 94.60 6,651.49 8.39 Marketing Expense 0.00 0.00 1,830.12 2.31 Security Monitoring 86.90 1.24 1,475.70 1.86 Utilities-Electric 1,855.12 26.38 21,585.47 2722 Utilities-Gas 1,714.80 24.39 11,928.16 15.04 Utilities-Telephone 135.84 1.93 876.27 1.10 Utilities-'telephone-Security 355.26 5.05 2,328.93 2.94 Utilities-Water 2,006.60 28.54 11,277.21 14.22 Miscellaneous 0.00 0.00 385.41 0.49 Postage 0.00 0.00 11.53 0.01 Amortization-Lease Costs 238.24 3.39 1,290.20 1.63 Amortizaton of Tenant Improve 71.44 1.02 285.76 0.36 TOTAL NON-REIN.PROPERTY EXP 13,415.69 190.80 62,212.25 78.45 NET INCOME $ (13,476.03) (191.66) 5 (74,484.53) (93.92) CC Ln Q w H OZ w Z 2 L" O to u w 0 J Z Q Ln 0 Z w w Ln Q J Ln Z_ 0 W m OO . -.- (.0. 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W P co Q \ z f, ~ ~ C a ,Ni m N in m co oN O H u * * W ,o m m N 0 O O 0 O 0 O1 m y p, m ,n o o in o in v ,o m c e a m N a u, ✓ w E r w p E C- w w c u° a 4/4 v—a z a u a — Oc n O a = ( d a ,94: > a m s o ° ≥ y u o m i- I w 3 `o J .c O C d ¢ -, u p a 3 o u CO ¢ J ¢ m C 0 0 0 0 0 0 z N 2 CU 01 as J O J C C C Q a CN a > 9 L L .C V .8 0 m n b m F- M N M M 0© Stevens & Associates R © Specialists in: Property Tax Reductions Utility Bill Auditing August 24, 2011 Weld County Board of Equalization 915 10th Street Greeley, CO 80631 Dear County Board: Please find enclosed our 2011 Real Property Tax Appeals that have been sent to the BAA for the following properties. Mile High Banks Colorado National Golf Club LLC 3050 67 Ave 1745 Colorado 7 Hwy Erie Schedule/ ID#: 095921255009 Schedule/ID#: R1388502/146732402052 Mile High Banks 7133 13 CR Market Square LLC Schedule/ ID#: 131325425002 3820 W 10th Street Schedule/ID#: R4952308 3840 W 10th Street Schedule/ID#: R0034492 If you should have any questions regarding these appeals, please feel free to call our office. Thank you for your assistance with this matter. Sincerely, Todd J. Stevens President Enc/mss cc: cA, /9.5R f-ah -ii Stevens &Associates Cost Reduction Specialists, Inc. fs_ aO xo 9800 Mt. Pyramid Court,Suite 220, Englewood, Colorado 80112 sc-a�i t 1 (303) 347-1878 •fax(303)347-9242 d c/7-ai3`/ g AS0o'79 For Office Use Only PETtTION TO STATE BOARD OF ASSESSMENT APPEALS 1313 Sherman Street, Room 315 Phone: (303)866-5880 Docket No. Denver, Colorado 80203 Fax: (303)866-4485 Fee: Y N Check/Credit Card# Date: August LX/ 2011 P F H Property Owner: Mile High Banks Subject Property: 3050 W 67th Ave Street Address City Schedule Number(s): 095921272008 / R6778547 Attach separate sheet if necessary X Board of Equalization Appeals the decision of the Weld ❑ Board of Commissioners Dated: 8/3/2011 County ❑ State Property Tax Administrator This Appeal concerns: X Valuation ❑ Refund/Abatement ❑ Exemption S State Assessed Tax Year: 2011 The subject property is currently classified as: O Agricultural X Commercial ❑ Exempt p Industrial ❑ Mixed Use ❑ Natural Resources ❑ Oil & Gas ❑ Personal ❑ Possessory ❑ Producing ❑ Residential ❑ State Assessed Vacant Land Interest Mines Actual Value assigned to subject property: $ 2,458,320 Petitioner's estimate of value: $ 1,500,000 Estimated time for Petitioner to present the appeal: minutes or 2.0 hours. Not less than 30 minutes. Board will allow equal time to County or Property Tax Administrator. Appearance: ❑ Petitioner will be present at the hearing ❑ Petitioner will appear by telephone X Petitioner will be represented by an agent Petitioner is responsible for calling the Board at 303-866-5880 ❑ Petitioner will be represented by an attorney on the scheduled date and time of hearing(Mountain Time Zone) Except as provided in §13-1-127 (2) and (2.5) C.R.S. 2000, a corporation must appear under the representation of a licensed attorney. See BOP Industries v. State Board of Equalization, 694 P.2d 337 (Cob. App. 1984). Filing Fee: Si None 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). ❑ $ 33.75 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). X $101.25 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 The assessor did not properly consider the Cost, Market and Income approaches to value or aspects of the property in question. 2_ L., I -2i A-s ccn • Required attachments to this form: X Assessor's or Property Tax Administrator's Notice of Valuation or Notice of Denial X Decision of County Board of Equalization, County Board of Commissioners or Property Tax Administrator Attachments required under certain circumstances: X A notarized Letter of Authorization if an agent will be representing Petitioner n A list of names, last 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: X Board of Equalization Weld ❑ Board of Commissioners County ❑ State Property Tax Administrator at the following address:' / 915 10th Street, PO Box 758, Greeley CO 80632 on August, , 2011 • Date 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 • 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 August ,y, 2011 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 e tired Even if Petitioner is Represented by An Agent or Attorney (per C.R.S. 39-8-109)/�'�/� l Sig ture of Agent or Attorn y_ Signature of Petitioner Todd J. Steve/ Mile High Banks Printed Name / Printed Name 9800 MT. Pyramid Ct Suite 220 1726 Hover St Mailing Address Mailing Address Englewood, Colorado 80112 T,ongmont CO 80501 City, State, Zip Code City, State, Zip Code Telephone: /1(111 147.1 R7R Telephone: Daytime number E-Mail: todd(astevensandassoc.com E-Mail: 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. Property Tax Consultant-Agency Agreement Owner Address:8400 East Crescent Parkway,Suite 100,Greenwood Village,CO 80111 • Property AddresslLegal Desaiption/Schedule#:See Attached exhibit A Consultant/Agent:Stevens&Associates Cost Reduction Specialists,Inc. • I/We Mile High Banks,subsidiaries,parent companies and all affiliated companies agree with Stevens&Associates Cost Reduction Specialists,Inc.that for the property tax assessment years 2010,2011 and prior years,In Colorado as the • property referred to above,that Stevens&Associates Cost Reduction Specialists,Ina Is hereby engaged and authorized • to act as agent and consultant before either the Board of review as well as the State Tax Review Board or for any hearing pertinent to the property for the property tax assessment years 2010,2011 and prloryears. Please direct ill correspondence and refunds to Stevens&Associates Cost Reduction Specialists,Inc. The undersigned further authorizes Stevens&Associates Cost Reduction Specialists,Inc.as agent of the undersigned,in the name of the undersigned,to execute and cause to be filed on behalf of the undersigned,jn the name of the undersigned,any and ail documents relating to an appeal of the said assessments,br the assessment years In question and prior years,before either the Board of review as well as the State Tax Review Board or any hearings pertinent to the Prope4 Thus done and executed on this // day of February 2010. Agreed: BY: / - i 401 - 1.---- Please Sign ams By: !/orn it .5i10/d Sri k,, Please Prim Name Title: i S5.shn/ 44r ter-aM+ STATE OF t,Otror;A0O The foregoing instgoneM was admowledged before me} This IL day of VP nuArulE/0 Please Direct all correspondence/refunds to: d f s- f jGa p�r Pea f By: Stevens&Associates/Inc. Please Prim Cate Signers Name 840 Plaza Dr.,Suite 290 Witness my hand and official seal. Littleton,Colorado 80129 ,t,tocn "°s g/ a !S•; 4.1467, .1 my commission expires: t'. ma+ jot) Notary Public NotifSigature kti:4 t 'yyq,y,:iilllnPl'y„ • Exhibit A Mile High Banks 3050 67th Ave Weld County Parcel/Account# 095921272008 / R3485605 V V 1,A P V I.A.Arl J ' II"' 14 • 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 DESCAIPTION/ PHYSICAL LOCATION R6778547 2011 2081 BEB ST MICHAELS TOWN CENTER 2ND FG 3050 W 67 AV,GREELEY CC z MILE HIGH BANKS O1726 HOVER STREET LONGMONT,CO 80501 rc ¢' M . , A5sEssDR'S YkLUATION' ACTUAL VALUE PRIOR TO PROPERTY CLASSIFICATION �: ACTUAL VALUE AFTER REVIEW ' ' REVIEW COMMERCIAL 2,458,320 2,458,320 TOTAL, $2,458,320 $2,458,320 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: AL01 - Your property has been uniformly valued following Colorado law. Your protest of value has been denied due to comparison of other similar properties which sold during the 2009/2010 time period. 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. STEVENS & ASSOCIATES 9800 MT PYRAMID COURT SUITE 220 ENGLEWOOD CO 80112 4 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 756 GREELEY, COLORADO 80632 �i COLORADO August 3, 2011 MILE HIGH BANKS 1726 HOVER STREET LONGMONT, CO 80501 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY:ACCOUNT#: R6778547 PARCEL#: 095921272008-BE8 ST MICHAELS TOWN CENTER 2ND FG Dear Petitioner: On July 29, 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 your request for an Administrative Denial of your petition of appeal of the County Assessor's valuation of your property described above, for the year 2011. The assessment and valuation of the Weld County Assessor was affirmed as follows: ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY SET BY BOARD ASSESSOR $2,458,320 $2,458,320 2011-2134 AS0079 MILE HIGH BANKS - R6778547 Page 2 A denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however, said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's(CBOE's)decision to the Board of Assessment Appeals(BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 NOTE: On or after August 10, 2011, any appeal of the valuation of rent- producing commercial real property to the Board of Assessment Appeals shall provide to the County Board of Equalization the following information within ninety (90) days after the appeal is filed. For two full years, including the base year for the relevant property tax year: (1) actual annual rental income (2) tenant reimbursements (3) itemized expenses (4) 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 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of$101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.) OR 2011-2134 AS0079 MILE HIGH BANKS - R6778547 Page 3 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE 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 will make the selection. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public,upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed $150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. 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 STEVENS &ASSOCIATES 9800 MT PYRAMID COURT SUITE 220 ENGLEWOOD, CO 80112 2011-2134 AS0079 PETITION TO STATE BOARD OF ASSESSMENT APPEALS For Office Use Only 1313 Sherman Street, Room 315 Phone: (303) 866-5880 Docket No. Denver, Colorado 80203 Fax: (303) 866-4485 Fee: Y N Check/Credit Card# Date: AugusVi, 2011 P F H Property Owner: Mile High Banks Subject Property: 7133 13 CR Street Address City Schedule Number(s): 131325425002 / R2806104 Attach separate sheet if necessary X Board of Equalization Appeals the decision of the Weld ❑ Board of Commissioners Dated: 8/3/2011 County E State Property Tax Administrator This Appeal concerns: X Valuation E Refund/Abatement n Exemption ❑ State Assessed Tax Year: 2011 The subject property is currently classified as: Agricultural X Commercial ❑ Exempt ❑ Industrial ❑ Mixed Use ❑ Natural Resources ❑ Oil & Gas ❑ Personal ❑ Possessory U Producing ❑ Residential ❑ State Assessed U Vacant Land Interest Mines Actual Value assigned to subject property: $ 900,000 Petitioner's estimate of value: $ 570,000 Estimated time for Petitioner to present the appeal: minutes or 2.0 hours. Not less than 30 minutes. Board will allow equal time to County or Property Tax Administrator. Appearance: Petitioner will be present at the hearing C Petitioner will appear by telephone X Petitioner will be represented by an agent Petitioner is responsible for calling the Board at 303-866-5880 Petitioner will be represented by an attorney on the scheduled date and time of hearing(Mountain Time Zone) Except as provided in§13-1-127 (2) and (2.5) C.R.S. 2000, a corporation must appear under the representation of a licensed attorney. See BOP Industries v. State Board of Equalization, 694 P.2d 337 (Colo. App. 1984). Filing Fee: None 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). $ 33.75 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). X $101.25 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 The assessor did not properly consider the Cost, Market and Income approaches to value or aspects of the property in question. o f I- z 13<-I A5O0-7 cl Required attachments to this form: X Assessor's or Property Tax Administrator's Notice of Valuation or Notice of Denial X Decision of County Board of Equalization, County Board of Commissioners or Property Tax Administrator Attachments required under certain circumstances: X A notarized Letter of Authorization if an agent will be representing Petitioner I A list of names, last 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: X Board of Equalization Weld I Board of Commissioners county C State Property Tax Administrator at the following address 915 10th Street, PO Box 758, Greeley CO 80632 on August -ii , 2011 • Date 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 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 t the Board of Assessment Appeals at 1313 Sherman Street, Room 315, Denver, CO 80203 on August , 2011 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 . Required Even if Petitioner is Represented by An Agent or Attorney (per C.R.S. 39-8-M1, /�F nature of Agerxt X r A orney_ Signature of Petitioner Todd J. StyV/ens Mile High Banks Printed Name Printed Name 9800 MT. Pyramid Ct Suite 220 1726 Hover St Mailing Address Mailing Address FngIewood, Colorado 80117 Longmont, CO 80501 City, State, Zip Code City, State, Zip Code Telephone: /303) 't47.1 R7R Telephone: Daytime number E-Mail: todd@stevensandassoc.com E-Mail: 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. Property Tax Consultant-Agency Agreement Owner Address:8400 East Crescent Parkway,Suite 100,Greenwood Village,CO 80111 Property Address/Legal Description/Scheduler!:See Attached exhibit A Consultant/Agent:Stevens&Associates Cost Reduction Specialists, Inc. I/We Mile High Banks,subsidiaries,parent companies and all affiliated companies agree with Stevens&Associates Cost Reduction Specialists,Inc.that for the property tax assessment years 2010,2011 and prior years,in Colorado as the property referred to above,that Stevens&Associates Cost Reduction Specialists,Inc is hereby engaged and authorized _ to act as agent and consultant before either the Board of review as well as the State Tax Review Board or for any hearing pertinent to the property for the property tax assessment years 2010,2011 and prior years. Please direct ill _. correspondence and refunds to Stevens&Associates Cost Reduction Specialists,Inc. The undersigned further authorizes Stevens&Associates Cost Reduction Specialists,Inc.as agent of the undersigned,in the name of the undersigned,to execute and cause to be tiled on behalf of the undersigned,In the name of the undersigned,any and all documents relating to an appeal of the said assessments,for the assessment years In question and prior years,before either the Board of review as well as the State Tax Review Board or any hearings pertinent to the property. Thus done and executed on this it �k day of February 2010. Agreed: By(5A*nr Please Sign ame By:w.4 .5:eve,1ask.• Please Print Name ,// Title: 14331.54.471r�.C. "990,1-5:419" STATE OF COLes-ADO The foregoing inslwmeM was acknowledged before me} This J_L day of kEB Pu ANI do 11 Please Direct all conespondence/refunds to: ey: 0/111-A4 t..4.- SKor-uositt Stevens&Associates/Inc. Please PAM Contract Signers Name 840 Plaza Dr.,Suite 290 Witness my hand and official seal. Littleton,Colorado 80129 0%:; sM/o"� 3'sl it �ss tp•,,......,,O� my commission expires: 3r�2?' •9C It , a: o1ARr ea I vf1 tne� in �K� m' . Notary Pubic ti.). Notary Signature kPLtiML pit ��Is, ,.;,,,,,nt�•� Exhibit A Mile High Banks 893 Kuner Rd Adams County Parcel/Account# 0157112410004/R0008852 • Mile High Banks 713313 CR Weld County Parcel/Account# 131325425002/R2808104 Mile Minh Banks 7340 S.Clinton St Arapahoe County Parcel# 2075-27-4-13-007 Mile High Banks 2323 S Troy St Arapahoe County Parcel/Account# 1973-253-11-003/1233224 Mile Hket Bank 305585 Ave Weld County Parcel/Account# 095921255008/R3485505 Mile Hiabi Banks 3050 ar Ave Weld County Parcel/Account# 095921255009/R3485605 Mile Mat Banks 2939 sr Ave Weld County Parcel/Account# 095921255007/R3485405 Mite Hitt Banks 180E Hampden Ave Arapahoe County Parcel# 2077-03-1-06-012 Mile Hial51Banks 8140 E 5 Ave Denver County Parcel# 0609201183000 And all other Properties designated by Mile High Banks 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 DESCRIPTION1 PHYSICAL LOCATION R2806104 2011 1432 FRE TBRA L4B TOPS BUSINESS PARK RPLT A rc,.'z3 MILE HIGH BANKS 7133 13 CR, FREDERICK 1726 HOVER STREET O' LONGMONT,CO 80501 ar 0, 0.. ASSESSOR'S YALUATION -I ACTUAL VALUE PRIOR SO PROPERTY CLASSIFICATION ACTUALVALLLE AFTER. REVIEW REVIEW COMMERCIAL 900,000 900,000 TOTAL $900,000 $900,000 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 information. STEVENS & ASSOCIATES 9800 MT PYRAMID COURT SUITE 220 ENGLEWOOD CO 80112 II CLERK TO THE BOARD cat J PHONE (970) 336-7215, Ext. 4226 FAX: 42 P. O BOX 7 P. O. BOX 758 GREELEY, COLORADO 80632 111111 e COLORADO August 3, 2011 MILE HIGH BANKS 1726 HOVER STREET LONGMONT, CO 80501 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R2806104 PARCEL #: 131325425002 - FRE TBRA L4B TOPS BUSINESS PARK RPLT A Dear Petitioner: On July 29, 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 your request for an Administrative Denial of your petition of appeal of the County Assessor's valuation of your property described above, for the year 2011. The assessment and valuation of the Weld County Assessor was affirmed as follows: ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY SET BY BOARD ASSESSOR $900,000 $900,000 • 2011-2134 AS0079 MILE HIGH BANKS - R2806104 Page 2 A denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however, said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's(CBOE's)decision to the Board of Assessment Appeals(BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the OBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 NOTE: On or after August 10, 2011, any appeal of the valuation of rent- producing commercial real property to the Board of Assessment Appeals shall provide to the County Board of Equalization the following information within ninety (90) days after the appeal is filed. For two full years, including the base year for the relevant property tax year: (1) actual annual rental income (2) tenant reimbursements (3) itemized expenses (4) 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 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of$101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.) OR 2011-2134 AS0079 MILE HIGH BANKS - R2806104 Page 3 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE 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 will make the selection. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the OBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed$150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. 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 STEVENS &ASSOCIATES 9800 MT PYRAMID COURT SUITE 220 ENGLEWOOD, CO 80112 2011-2134 AS0079 6 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 tiat 1\f:44,4 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 Ci COLORADO August 3, 2011 MILE HIGH BANKS 1726 HOVER STREET LONGMONT, CO 80501 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R2806104 PARCEL #: 131325425002 - FRE TBRA L4B TOPS BUSINESS PARK RPLT A Dear Petitioner: On July 29, 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 your request for an Administrative Denial of your petition of appeal of the County Assessor's valuation of your property described above, for the year 2011. The assessment and valuation of the Weld County Assessor was affirmed as follows: ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY SET BY BOARD ASSESSOR $900,000 $900,000 • 2011-2134 AS0079 MILE HIGH BANKS - R2806104 Page 2 A denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however, said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's(CBOE's)decision to the Board of Assessment Appeals(BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 NOTE: On or after August 10, 2011, any appeal of the valuation of rent- producing commercial real property to the Board of Assessment Appeals shall provide to the County Board of Equalization the following information within ninety (90) days after the appeal is filed. For two full years, including the base year for the relevant property tax year: (1) actual annual rental income (2) tenant reimbursements (3) itemized expenses (4) 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 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of$101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.) OR 2011-2134 AS0079 MILE HIGH BANKS - R2806104 Page 3 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE 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 will make the selection. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed $150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. 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 STEVENS &ASSOCIATES 9800 MT PYRAMID COURT SUITE 220 ENGLEWOOD, CO 80112 2011-2134 AS0079 . - ,_ , y t! , i'_ �l'C,l'1 NOTICE OF DETERMINATION Christopher M. Woodruff - , Date of Notice: 6/22/2011 Weld County AssessgK ;',"� 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 L www.co.weld.co.us CuII u 18 A 11: 13 Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT ..TAX Y AR-1 TAX AREA LEGAL DESCRIPTION/ t 1 Ll PHYSICAL LOCATION R2806104 2011 1432 FRE TBRA L4B TOPS BUSINESS PARK RPLT A ac 7133 13 CR, FREDERICK i MILE HIGH BANKS 33 1726 HOVER STREET LONGMONT,CO 80501 w a O a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 900,000 900,000 TOTAL $900,000 $900,000 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 hal/6 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. STEVENS & ASSOCIATES 9800 MT PYRAMID COURT SUITE 220 ENGLEWOOD CO 80112 ( 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.aov/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 ofJune 30, 2010?0gggg (Your ppgg opinion of value in terms of a specific dollar amount is required for real p$peSyfk r oaluo i570dg1)(1.5), C.R.S.) 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.) ret-properly consider the cost, market andincnmP approaches to value or asperts to the property in auestion. ATTESTATION I, the undersigned owne or nt o e property identified above, affirm that the statements contained herein and4q-r t/acl true and complete. ��O�v� 303-347-1878 7-15-11 Signature Telephone Number Date Attach letter of authorization signed by property owner. • Property Tax Consultant-Agency Agreement • Owner Address: 8400 East Crescent Parkway,Suite 100, Greenwood Village,CO 80111 Property Address/Legal Description/Schedule#:See Attached exhibit A I Consultant/Agent:Stevens&Associates Cost Reduction Specialists,Inc. • I/We Mile High Banks,subsidiaries,parent companies and all affiliated companies agree with Stevens&Associates Cost Reduction Specialists,Inc.that for the property tax assessment years 2010,2011 and prior years,in Colorado as the • property referred to above,that Stevens&Associates Cost Reduction Specialists,Inc.is hereby engaged and authorized to act as agent and consultant before either the Board of review as well as the State Tax Review Board or for any hearing pertinent to the property for the properly tax assessment years 2010,2011 and prior years. Please direct all • correspondence and refunds to Stevens&Associates Cost Reduction Specialists,Inc. The undersigned further authorizes Stevens&Associates Cost Reduction Specialists, Inc.as agent of the undersigned,in the name of the undersigned,to execute and cause to be filed on behalf of the undersigned,in the name of the undersigned,any and all documents relating to an appeal of the said assessments,for the assessment years in question and prior years,before either the Board of review as well as the State Tax Review Board or any hearings pertinent to the property. Thus done and executed on this //yF day of February 2010. • • Agreed: By(a or Please Sign am me By:-n.n.-// ,_<oe rsk,. - Please Print Name Title: 465.61&4/ I/'Cr IPS erlf STATE OF to Lal;Rov The foregoing instilment was acknowledged before me} This 11 day of EBnrA • ,fro Please Direct all correspondence/refunds to: By: pAll-rt-E u. SK-an-una Stevens 8,Associates/Inc. Please Print Contract Signers Name 640 Plaza Or.,Suite 290 Witness my hand and official seal. Littleton,Colorado 80129 3 k, +, It ,.t`"fib.SA'hl004y my commission expires: t .t' • 9 ,. • CitAff EP". Mabry Public Wiry Signature IS--fize /ere clA +!V,:Di;51Ui1P Exhibit A Mile Hiah Banks 893 Kuner Rd Adams County Parcel/Account# 0157112410004/R0008852 Mile Hiah Banks 713313 CR Weld County Parcel/Account# 131325425002/R2806104 Mile Hiah Banks 7340 S.Clinton St Arapahoe County Parcel# 2075-27-4-13-007 Mile Hiah Banks 2323 S Troy St Arapahoe County Parcel/Account# - 1973-25.3-11-003/1233224 Mile Hiah Banks 3055 sr Ave Weld County Parcel/Account# 095921255008/R3485505 Mile Hiab Banks 3050 sr Ave Weld County Parcel/Account# 095921255009/R3485605 Mile High Banks 2939 65th Ave Weld County Parcel/Account# 095921255007/R3485405 Mile Hiah Banks 180E Hampden Ave Arapahoe County Parcel# 2077-03-1-06-012 Mile Hiah Banks 8140 E 5"Ave Denver County Parcel# 0609201183000 , And all other Properties designated by Mile High Banks (11/1( 0 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O BOX P. O. BOX 758 GREELEY, COLORADO 80632 Ci COLORADO August 3, 2011 MILE HIGH BANKS 1726 HOVER STREET LONGMONT, CO 80501 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT#: R6778547 PARCEL#: 095921272008-BE8 ST MICHAELS TOWN CENTER 2ND FG Dear Petitioner: On July 29, 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 your request for an Administrative Denial of your petition of appeal of the County Assessor's valuation of your property described above, for the year 2011. The assessment and valuation of the Weld County Assessor was affirmed as follows: ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY SET BY BOARD ASSESSOR $2,458,320 $2,458,320 2011-2134 AS0079 MILE HIGH BANKS - R6778547 Page 2 A denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however, said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's(CBOE's)decision to the Board of Assessment Appeals (BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only,the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 NOTE: On or after August 10, 2011, any appeal of the valuation of rent- producing commercial real property to the Board of Assessment Appeals shall provide to the County Board of Equalization the following information within ninety (90) days after the appeal is filed. For two full years, including the base year for the relevant property tax year: (1) actual annual rental income (2) tenant reimbursements (3) itemized expenses (4) 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 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of$101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.) OR 2011-2134 AS0079 MILE HIGH BANKS - R6778547 Page 3 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE 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 will make the selection. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed$150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. 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 STEVENS &ASSOCIATES 9800 MT PYRAMID COURT SUITE 220 ENGLEWOOD, CO 80112 2011-2134 AS0079 1r\11,\ r hAA h h(i,11IV. NOTICE OF DETERMINATION Christopher M. Woodruff' ;'. I i 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 •11) SI 18 A 11: 13 E-mail: appeals@co.weld.co.us www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM -- +"" €€��.. LEGAL DESCRIPTION/ SCHEDULE/ACCOUNT NO 1�7 'v�JIiR 4 7AX AREA PHYSICAL LOCATION R6778547 2011 2081 BE8 ST MICHAELS TOWN CENTER 2ND FG 3050 W 67 AV,GREELEY EC Ill MILE HIGH BANKS 3 1726 HOVER STREET 0 LONGMONT,CO 80501 0. a ce a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 2,458,320 2,458,320 TOTAL $2,458,320 $2,458,320 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: ALO1 - Your property has been uniformly valued following Colorado law. Your protest of value has been denied due to comparison of other similar properties which sold during the 2009/2010 time period. 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. STEVENS & ASSOCIATES 9800 MT PYRAMID COURT SUITE 220 ENGLEWOOD CO 80112 2011-2134 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.00v/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 g opinion of value in terms of a specific dollar amount is required for real property pursuant $1,500,000 t to o §39-8-10611.5), 0611 5), C.R.S.) S ii A 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.) The assessor did not properly consider the cost, market and income approaches to value or aspects to the prnperty in question ATTESTATION I, the undersigned owne or nt he property identified above, affirm that the statements contained herein and nac true and complete. 303-347-1878 7-15-11 Signature Telephone Number Date 1 Attach letter of authorization signed by property owner. • Property Tax Consultant-Agency Agreement • • • Owner Address: 8400 East Crescent Parkway,Suite 100,Greenwood Village,CO 80111 Property Address/Legal Description/Schedule#:See Attached exhibit A Consultant/Agent:Stevens&Associates Cost Reduction Specialists, Inc. INVe Mile High Banks,subsidiaries,parent companies and all affiliated companies agree with Stevens&Associates Cost Reduction Specialists, Inc.that for the property tax assessment years 2010,2011 and prior years,In Colorado as the property referred to above,that Stevens&Associates Cost Reduction Specialists,Inc.is hereby engaged and authorized to act as agent and consultant before either the Board of review as well as the State Tax Review Board or for any hearing pertinent to the property for the property tax assessment years 2010,2011 and prior years. Please direct all correspondence and refunds to Stevens&Associates Cost Reduction Specialists,Inc. The undersigned further authorizes Stevens&Associates Cost Reduction Specialists,Inc.as agent of the undersigned,in the name of the undersigned,to execute and cause to be filed on behalf of the undersigned,in the name of the undersigned,any and all documents relating to an appeal of the said assessments,for the assessment years In question and prior years,before either the Board of review as well as the State Tax Review Board or any hearings pertinent to the property. Thus done and executed on this //y� day of February 2010. • Agreed: By�•� / Please Sig me --no By: cl/o..n// SA1O/d,5k. //1/ Please Print Name The: %5's>/u✓t} 64'cr gesilMr STATE OF t. L®(;A D o The foregoing instlyment was acknowledged before me} This J,J_day of E$NI Art% do l6 Please Direct all correspondence/refunds to: By DEw SK•or=-u.Psa Stevens&Associates/Inc. Please Print Contract Signers Name 640 Plaza Dr.,Suite 290 Witness my hand and official seal. „gNiRililgrh Littleton,Colorado 80129 ,'.' -• . 3 �/I b' eel ;....,•aNd 0t my commission expires: I-1 1'it ncnARP ,i1tt4\+r- M erg.( °✓`{ • 044 Notary Public Notary Signature - 14 %,..;e6-63,1,0+ Exhibit A Mile Hlah Banks 893 Kuner Rd Adams County Parcel/Account# 0157112410004/R0008852 pile High Banks 713313 CR Weld County Parcel/Account# 131325425002/R2806104 - Mile High Banks 7340 S.Clinton St Arapahoe County Parcel# 2075-27-4-13-007 Mile High Banks 2323 S Troy St Arapahoe County Parcel I Account# 1973-25-3-11-003/1233224 Mile HO Banks 3055 65 Ave Weld County Parcel/Account# 095921255008/R3485505 Mile Hirt Banks 3050 6r Ave Weld County Parcel/Account# 095921255009/R3485605 Mile High Banks 2939 ar Ave Weld County Parcel/Account# 095921255007/R3485405 Mlle High Banks 180E Hampden Ave Arapahoe County Parcel# 2077-03-1-06-012 Mile Hi&%Banks 8140E 5 Ave Denver County Parcel# 0609201183000 And all other Properties designated by Mile High Banks 0© Stevens & Associates It © Specialists in:Property Tax Reductions Utility Bill Auditing May 2011 Weld County Board of Equalization 915 10th Street Greeley, CO 80631 Dear County Board: Please find enclosed our 2011 Real Property Tax Appeals for the following properties. We will take Administrative Denials on the following 2011 appeals: Mile High Banks e Colorado National Golf Club LLC 3050 67 Ave 1745 Colorado 7 Hwy Erie Schedule/ ID#: 095921255009 Schedule/ID#: R1388502 /146732402052 " Mile High Banks 7133 13 CR Market Square LLC Schedule/ ID#: 131325425002 v 3820 W 10th Street Schedule/ID#: R4952308 \ 3840 W 10th Street Schedule/ID#: R0034492 If you should have any questions regarding these appeals, please feel free to call our office. Thank you for your assistance with this matter. Sincerely, Todd J. Stevens President Enc/mss Stevens &Associates Cost Reduction Specialists, Inc. 9800 Mt. 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