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Home My WebLink About20112135 Iffl© Stevens & Associates R © Specialists in:Property Tax Reductions WELD COUNTY Utility Bill Auditing COMMISSIONERS NU APR -2 A II: 141 March 30, 2012 RECEIVED Mike Beery Administrator for the Board State Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Dear Mike: After further consideration we have decided to withdraw our appeals for the following referenced State Board of Assessment Appeals cases. Petitioner: Market Square LLC Docket No: 59064 Schedule No: R4952308, R0034492 Hearing Date: 4/27/2012 Thank you for your assistance in with this matter. Sincerely, p-joia,APIC Todd J. Stevens President Enclosure I certify to the Board of Assessment Appeals that I have sent via facsimile, email or standard mail one complete copy of this withdrawal to the: Weld County Board of Equalization. Stevens &Associates Cost Reduction Specialists,Inc. A a _ 9800 Mt. Pyramid Court,Suite 220,Englewood,Colorado 80112 qdC//-a7/S5 b3vV-WNWA\At-N\ `^ (303)347-1878 •fax(303) 347-9,242 u-c1-\a. (:).=-/. R5R, CA C:01;190 45m27LI -& 1a 4-a-13- If at any time you decide you DO NOT wish to pursue your appeal and choose to withdraw,please sign this letter and return it to the Board of Assessment Appeals. Please do not fill out and file this form if you are entering into a stipulation with the county. Stevens&Associates Inc Todd J. Stevens 9800 MT. PYRAMID COURT, SUITE 220 Englewood, CO 80110 Date: Docket No.: 59064 Hearing Date: April 27, 2012 To: Board of Assessment Appeals Via Facsimile: 303.866.4485 1313 Sherman Street, Room 315 Denver, CO 80203 I no longer wish to pursue this matter and request that my property tax appeal be withdrawn. I understand that, by withdrawing this appeal, I relinquish all rights to obtaining a reduction in value for the subject property for tax year(s)2011. I understand that this withdrawal letter should not be mailed or faxed if I have reached an agreement(stipulation)with the Weld County Board Of Equalization resulting in a reduction in value. CERTIFICATE OF SERVICE I hereby certify that a true and correct copy of this document was mailed,faxed, or hand delivered to the Weld County Board Of Equalization. ignature:Todd J e Stevens & Associates REli Specialists in: Property Tax Reductions Utility Bill Auditing ?nn Rini fl2 f'' in. no 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 Market Square LLC 3820-3840 W 10th St Weld: R4952308, R0034492/095911137002, 095911124018 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. 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W to F- tt,' OS a a om c 2 13 ei �- .. is 4 d K < m 0 r N ( Cr' .f> l C, O C ra C *� 'V M A.h N(C t, c() tD O) .- a e m a t` = <t S Q d ¢ CA CO CO n n ao 03 = ap st a3 O t) n 9:08 AM MARKET SQUARE LLC. 02/04/10 Profit & Loss Prey Year Comparison Accrual Basis January through December 2009 Jan-Dec 09 Jan-Dec 08 5 Change Ordinary Income/Expense Income 4000 •RENT 4000-1 •SIGN RENT 480.00 40.00 440.00 4000•RENT-Other 621,807.71 175,771.82 446,035.89 Total 4000-RENT 622,287.71 175,811.82 446,475.89 4010•LATE FEES 548.04 0.00 548.04 4150•CAM INCOME 172,328.49 58,756.62 113,571.87 Total Income 795,164.24 234,568.44 560,595.80 Expense 5120-BANK CHARGES 0.00 -0.10 0.10 5180•DEPRECIATION 174,561.00 45 478.00 129,083.00 5270-INSURANCE 8,765.72 2,158.29 6,607.43 5280•MANAGEMENT 31,433.07 8,020.32 23,412.75 5300•INTEREST 334,622.64 90,846.32 243,776 32 5330-LEGAL&ACCOUNTING 3,140.00 477.00 2,663.00 5350•LICENSES&FEES 10.00 0.00 10.00 5400.OPERATING SUPPLIES 105.25 58.84 46.41 5415-SNOW REMOVAL 14,264.49 4,779.50 9,484.99 5450•REPAIRS&MAINTENANCE BUILDING 5,439.01 841.11 4,597.90 5452-DAY PORTER 3,970.00 1,649.68 2,320.32 5454•PARKING LOT MAINTENANCE 4,665.00 0.00 4,665.00 5456•LANDSCAPING 10,482.51 1,387.38 9,095.13 5457•PARKING LOT LIGHTING 913.21 13.75 899 46 5458-HVAC 5,650.00 150.00 5,500.00 5510-WATER&SEWER BUILDING 15,369.73 5,915.98 9,453.75 5570-REAL PROPERTY TAX 113,313.71 31,376 40 81,937.31 5605•UTILITIES-GAS(VACANT) 569.28 0.00 569.28 5660-UTILITIES-ELECTRICITY 3,657.36 1,277.07 2,380.29 5665-UTILITIES-ELECTRIC(VACANT) 252.76 91.16 161.60 Total Expense 731,184.74 194,520.70 536,664.04 Net Ordinary Income 63,979.50 40,047.74 23,931 76 Other Income/Expense Other Income 4100-INTEREST INCOME 4,465.14 1,075.51 3,389.63 Total Other Income 4,465.14 1,075.51 3,389.63 Net Other Income 4,465.14 1,075.51 3,389.63 Net Income 68,444.64 41,123.25 27,321.39 Page 1 11;57 AM MARKET SQUARE LLC. 03122/11 Profit & Loss Prey Year Comparison Accrual Basis January through December 2010 Jan-Dec 10 Jan-Dec 09 Ordinary Income/Expense Income 4000•RENT 4000-1 •SIGN RENT 480.00 480.00 4000 RENT-Other 580,235.48 621,807.71 Total 4000•RENT 580,715 48 622:287 71 4010 LATE FEES 378.30 548.04 4150•CAM INCOME 153,502.41 172,328.49 4200•OTHER INCOME 8,400.70 0 CO Total Income 742.994.89 795:164.24 Expense 5110•AMTZ.STARTUP COST 29,592 00 0 00 5120•BANK CHARGES -25.00 0 00 5130•BAD DEBT 8,748,72 0 00 5180•DEPRECIATION 144,969.00 174.561,00 5270-INSURANCE 8,875.95 8,765.72 5280•MANAGEMENT 28,499 33 31.433.07 5300•INTEREST 329,471.85 334.622.64 5330•LEGAL&ACCOUNTING 3.225.00 3.140.00 5350•LICENSES&FEES 10.00 10.00 5400•OPERATING SUPPLIES 206.13 105 25 5410•POSTAGE 16.26 000 5415•SNOW REMOVAL 4,498.32 14,264.49 5450•REPAIRS&MAINTENANCE BUILDING 12.105.87 5,439.01 5452•DAY PORTER 3,875.00 3,970.00 5453-PAVING 2,795 00 0.00 5454-PARKING LOT MAINTENANCE 2,020.00 4.665.00 5455-REPAIR&MAINTENANCE-TI 2,900.00 000 5456•LANDSCAPING 7,088.56 10 482 51 5457•PARKING LOT LIGHTING 2,191.19 913 21 5458•HVAC 6,000.00 5.650 00 5510•WATER&SEWER BUILDING 17,048.32 15,369 73 5570•REAL PROPERTY TAX 118,101 15 113,313.71 5605•UTILITIES-GAS(VACANT) 636.05 569 28 5660•UTILITIES-ELECTRICITY 6,9662 62 3.657.36 5665•UTILITIES-ELECTRIC(VACANT) 1,993.60 252.76 Total Expense 739.804.92 731,184.74 Net Ordinary income 3.189 97 63,979.50 Other Income/Expense Other Income 4100•INTEREST INCOME 2.330,45 4,465.14 Total Other Income 2,330.45 4,465.14 Net Other Income 2.330 45 4,465 14 Net Income 5,520.42 68,444.64 Faye 11 59 AM MARKET SQUARE LLC. 03/22111 Profit & Loss Prey Year Comparison Accrual Basis January through June 2010 Jan-Jun 10 Ordinary Income/Expense Income 4000 RENT 4000-1 •SIGN RENT 2.10 4000• RENT-Other .6:96.112.04 Total 4000•RENT 296 412 04 4010 •LATE FEES '.220 02 4150 'CAM INCOME 86.018 27 4200 •OTHER INCOME 5.400 70 Total Income 392.051 03 Expense 5130•BAD DEBT 10.291.80 5180-DEPRECIATION 137,280 50 5270•INSURANCE 5.7'32.65 5280 MANAGEMENT 14.651 34 5300•INTEREST 1151.808 40 5330 LEGAL&ACCOUNTING 2,226 00 5400.OPERATING SUPPLIES 101.50 5410 POSTAGE 16.26 5415•SNOW REMOVAL 3.393 25 5450•REPAIRS&MAINTENANCE BUILDING -429.72 5452'DAY PORTER I.r.?50.U0 5453.PAVING 2 795.00 5454•PARKING LOT MAINTENANCE 960.06 5456 LANDSCAPING 444.01 5458 HVAC 3,060.00 5510 WATER&SEWER BUILDING 8.348 65 5570•REAL PROPERTY TAX 58626 13 5605 UTILITIES-GAS{VACANT) 269 31 5660•UTILITIES-ELECTRICITY 3.214 97 5665 UTILITIES-ELECTRICIVACANT) 1.11:!76 Total Expense ?64.598 75 Net Ordinary Income 21.452.28 Other Income/Expense Other Income 4100•INTEREST INCOME 1 280.91 Total Other Income + 280 91 Net Other Income -. 4.:91 Net Income 28.733.19 Page 1 ©© Stevens & Associates R lil 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, ..----€57'44./ArCi- Todd J. Stevens President Enc/mss et: C4, 4-5/2 %-ac, // Stevens &Associates Cost Reduction Specialists, Inc. C.6YNNI.Ayt1 a W 9800 Mt. Pyramid Court, Suite 220, Englewood, Colorado 80112 $-as-t I (303) 347-1878•fax(303) 347-9242 , D//-.2/35 A50o -7q For Office Use Only PETITION 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: Auguste 2011 P F H Market Square LLC Property Owner: Subject Property: 3820 W. 10th St/ 3840 W 10th St. Street Address City Schedule Number(s): R4952308/ 095911137002 R0034492/095911124018 Attach separate sheet if necessary X Board of Equalization Appeals the decision of the Weld ❑ Board of Commissioners Dated: August 3, 2011 County ❑ State Property Tax Administrator This Appeal concerns: X Valuation ❑ Refund/Abatement ❑ 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 0 Possessory ❑ Producing U Residential ❑ State Assessed ❑Vacant Land Interest Mines $5,371,011 Actual Value assigned to subject property: $2,900,000 petitioner's estimate of value: 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: 0 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 ol 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. Zc11-ztz s+ -Sao-79 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 ❑ 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 E Board of Commissioners county D State Property Tax Administrator at the following address: 915 10th Street PO Box 758. Greeley CO 80632 on Auguste 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 Augustf . 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 uired Even if Petitioner is Re resented by An Agent or Attorney (per C.R.S. 39-8-1091 S nature of Agent/ or ey_ Signature of Petitioner Todd J. Stevpt s Market Square LLC Printed Name, Printed Name 9800 Mt Pyramid Ct. Suite 220 4949 N Broadway No. 105 Mailing Address Mailing Address Englewood. CO 80112 Boulder, CO 80304 City, State, Zip Code City, State, Zip Code Telephone: nofl\147-1 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:4949 North Broadway,Suite 105. Boulder,CO 80304 Property Address/Legal Description/Schedule#:See Attached exhibit A Consultant/Agent: Stevens&Associates Cost Reduction Specialists, Inc. lme Emerald Investment V LW, Sunrise Partners LLC,95 LLC, Buckley Center LLC,Market Square LLC, J&R Co, subsidiaries,parent companies and all affiliated companies agree with Stevens&Associates Cost Reduction Specialists.. Inc,that for the property tax assessment years 2011,2012 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 2011,2012 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 ether 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 3/ day of May 2011. Agreed: By / / r star Ghadimi Title: Managing Member �q�/ /y/ STATE OF li�oYadO The r regoing instru was acknowledged before me} This day of Please Direct all correspondence/refunds to: By: Nader Ghadimi Stevens&Associates I Inc. 9800 Mt Pyramid CI,Suite 220 Witness my hand and official seal. Englewood, Colorado 80112 ,a�-dam my commission expires: �5�k edam 9lBCr ` ,ie' .Va I �+'.in MY COMMON MIMES 0PRY7012 Exhibit A Emerald Investment V LLC 25797 Conifer Rd Jefferson County Parcel/Schedule# 61-123-06-004/454867 Sunrise Partners LLC 9071 Washington St Adams County Parcel/Account# 0171922402001 /0051177 95 LLC Boulder County Account Ns R0145707 R0145705 • R0145703 R0145701 R0122867 R0145706 R0145704 R0145702 R0145700 Buckley Center•LLC 4333 S Buckley Rd Arapahoe County Parcel IAccount# 2073-08-1.27-002/2488751 Buckley Center LW 4343 S Buckley Rd Arapahoe County Parcel I Account# 2073.08-1-27-003/2488760 Market Square LLC 3820 W 10 St Weld County Parcel/Account# 095911137002/R4952308 Market Souare LLC 3840 W 10 St Weld County Parcel/Account# 095911124018/R0034492 JBRCo 275 Waneka Pkwy Boulder County Parcel/Account# 157503473002/R0076925 ea-V Qcrou..G rr\0,ink 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 t TAX AREA LEGA DES'4>fil..{.. ' _! .� . ; PHYSICAL LOCATION .. R4952308 2011 0600 GR MSSC LOT 2 MARKET SQUARE SHOPPING CENTER EXC BEG AT cc": MARKET SQUARE LLC INTERSECT OF C/L 39 AVE & S LN W 10 ST 4949 N BROADWAY No.105 N85D13'E 61.51' TO TRUE POB N85D13'E �. BOULDER,CO 80304 152.98' SO4D46'E 170' S85D13'W 175.43' TO E LN 39 AVE TH 27.02' ALG CURVE TO a; RIGHT (R=420' C/A=03D41' CHORD rc. N09D21'W 27. a 3820 W 10 ST, GREELEY �pR S VALUATION ACTUAL j ALIOE fPR(OR'Tq- PRO'PERTY CLASSIFICATION _ `" F'EVIEV11 `' AGTtfeti. lLuE:AFTER REVIEW COMMERCIAL 4,698,911 4,698,911 TOTAL $4,698,911 $4,698,911 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 • 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 tEGAL t3ESCRIP ION/ SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA PHYSICi L•L .. ON R0034492 2011 0600 GR BN-TB1 PT LOT 2 MARKET SQUARE SHOPPING CENTER DESC AS BEG AT cC UI MARKET SQUARE LLC INTERSECT OF C/L 39 AVE & S LN W 10 ST 3 4949 N BROADWAY No.105 N85D13'E 61.51' TO TRUE POB N85D13'E ..:. BOULDER,CO 80304 152.98' SO4D46'E 170' S85013'W 175.43' TO E LN 39 AVE TH 27.02' ALG CURVE TO a( RIGHT(R=420'C/A=03O41'CHORD NO ¢' 3840 W 10 ST,GREELEY a. AS'SESSOA S•ALUATI,ON PROPERTYCLASSIFICATION ACTUAL VALUE PRIIORTO ""ACTUAL•VALUE AFTER - REYFEW REVIEW• COMMERCIAL 672,100 672,100 TOTAL $672,100 $672,100 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 6 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 COLORADO August 3, 2011 MARKET SQUARE LLC 4949 N BROADWAY No. 105 BOULDER, CO 80304 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY:ACCOUNT#: R4952308 PARCEL#: 095911137002-GR MSSC LOT 2 MARKET SQUARE SHOPPING CENTER EXC BEG AT INTERSECT OF C/L 39 AVE&S LN W 10 ST N85D13'E 61.51' TO TRUE POB N85D13'E 152.98' SO4D46'E 170' S85D13'W 175.43' TO E LN 39 AVE TH 27.02' ALG CURVE TO RIGHT (R=420' C/A=03D41' CHORD N09D21'W 27. 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 $4,698,911 $4,698,911 2011-2135 AS0079 ' MARKET SQUARE LLC - R4952308 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 2011-2135 AS0079 • MARKET SQUARE LLC - R4952308 • 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 OBOE 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 2011-2135 AS0079 CLERK TO THE BOARD t PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 i COLORADO August 3, 2011 MARKET SQUARE LLC 4949 N BROADWAY No. 105 BOULDER, CO 80304 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT#: R0034492 PARCEL#: 095911124O18-GR BN- TB1 PT LOT 2 MARKET SQUARE SHOPPING CENTER DESC AS BEG AT INTERSECT OF C/L 39 AVE & S LN W 10 ST N85D13'E 61.51' TO TRUE POB N85D13'E 152.98' SO4D46'E 170' S85D13'W 175.43' TO E LN 39 AVE TH 27.02' ALG CURVE TO RIGHT (R=420' C/A=03D41' CHORD NO 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 $672,100 $672,100 2011-2135 AS0079 MARKET SQUARE LLC - R0034492 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 2011-2135 AS0079 MARKET SQUARE LLC - R0034492 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 2011-2135 AS0079 BOARD OF ASSESSMENT APPEALS STATE OF COLORADO NOTICE OF HEARING SCHEDULE NO. R4952308 DOCKET NO. 57576 Petitioner(s): Tax Year(s): 2008 MARKET SQUARE LLC V. Respondent: WELD COUNTY BOARD OF COMMISSIONERS The Board of Assessment Appeals will hear the above-captioned matter: Date: October 11, 2011 Time: 8:30 AM Mountain Time on a trailing docket Location: 1313 Sherman Street Room 315, 3rd Floor Denver, CO 80203 Time Allocated: 1.5 hour(s) per side PLEASE TAKE NOTICE: The Board of Assessment Appeals uses a one-day modified trailing docket. Several cases are scheduled for hearing at 8:30 am each day. Cases are heard in the order determined by the Board,with the first case commencing at 8:30 am. At the completion of the first case on the docket,the Board hears the second case on the docket. The Board proceeds through the docket in this manner until all cases have been heard or until insufficient time remains to fully hear the remaining cases on the docket. Cases not heard wiN be continued to another day. You are required to appear for your hearing at 8:30 am on the date noted above and remain until your case is heard or continued, unless the Board removes your case from the trailing docket and schedules your case for a specific time later in the day. A list of cases removed from the trailing docket will be available at least one week prior to the hearing date. If your case is removed from the trailing docket, you are required to appear at the specific time scheduled by the Board. Please check the Hearing Schedule on the Board's web page(www.dola.state.co.us/baallndex.htm)or call(303)866-5820 within one week prior to your hearing date to determine if your hearing has been scheduled for a specific time on the hearing date. If the Petitioner is a closely held entity as defined in CRS 13-1-127, the Petitioner must be represented by either an attorney licensed in Colorado or an officer of the entity. If the Petitioner is a domestic or foreign entity that is not closely held,as defined in CRS 7-90-102, an attorney licensed in Colorado must represent the entity in all legal proceedings before the Board. Pursuant to Board Rule 11,documentary evidence and witness lists must be received by the Board and the opposing party no later than September 27,2011. If this date falls on a State Holiday,the documentary evidence and witness lists are due the following working day. Petitioner's Representative of Record: Mailed: August 5,2011 STEVENS&ASSOCIATES INC TODD J.STEVENS 9800 MT. PYRAMID COURT, SUITE 220 lECEOVErl ENGLEWOOD, CO 80110 AUG - 9 2011 J 3-15,20 cid LA Ash,o?O//-a 1.5 Kee 6its t.% 4 CLERK TO THE BOARD PHONE (970) 336 (970) Ext. 4226 FAX: (P. O BOX352-02425 P. O. BOX 758 GREELEY, COLORADO 80632 C. COLORADO August 3, 2011 MARKET SQUARE LLC 4949 N BROADWAY No. 105 BOULDER, CO 80304 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT#: R0034492 PARCEL#: 095911124O18- GR BN- TB1 PT LOT 2 MARKET SQUARE SHOPPING CENTER DESC AS BEG AT INTERSECT OF C/L 39 AVE & S LN W 10 ST N85D13'E 61.51' TO TRUE POB N85D13'E 152.98' SO4D46'E 170' S85D13'W 175.43' TO E LN 39 AVE TH 27.02' ALG CURVE TO RIGHT (R=420' C/A=03D41' CHORD NO 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 $672,100 $672,100 CC : " `/i/e/k3 8-e-aew 2011-2135 AS0079 MARKET SQUARE LLC - R0034492 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(BM). 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 2011-2135 AS0079 MARKET SQUARE LLC - R0034492 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 2011-2135 AS0079 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 R0034492 2011 0600 GR BN-TB1 PT LOT 2 MARKET SQUARE SHOPPING CENTER DESC AS BEG AT rc INTERSECT OF C/L 39 AVE & S LN W 10 ST z MARKET SQUARE LLC N85D13'E 61.51' TO TRUE POB N85D13'E 4949 N BROADWAY No. 105 152.98' SO4D46'E 170' S85013'W 175.43' >. BOULDER,CO 80304 TO E LN 39 AVE TH 27.02' ALG CURVE TO w RIGHT(R=420'C/A=03D41'CHORD NO O 3840 W 10 ST, GREELEY 0. a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 672,100 672,100 TOTAL $672,100 $672,100 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 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 91510'° 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 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.) $ S & A Value $2,900,000 combined 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.) Combined parcels K4952,308 & R0034492 The abseeaot did not properly col'bider the cust, tiiarket aid income approaches to value or aspects to the property in question ATTESTATION I, the undersigned owner art. • . he property identified above, affirm that the statements contained herein andy}etnt Oact,. - true and complete. 303-347-1878 7-15-11 Signature Telephone Number Date ' Attach letter of authorization signed by property owner. CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 tit FAX: (970) 352-0242 P. O BOX P. O. BOX 758 GREELEY, COLORADO 80632 111k. COLORADO August 3, 2011 MARKET SQUARE LLC 4949 N BROADWAY No. 105 BOULDER, CO 80304 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY:ACCOUNT#: R4952308 PARCEL#: 095911137002-GR MSSC LOT 2 MARKET SQUARE SHOPPING CENTER EXC BEG AT INTERSECT OF C/L 39 AVE& S LN W 10 ST N85D13'E 61.51' TO TRUE POB N85D13'E 152.98' SO4D46'E 170' S85D13'W 175.43' TO E LN 39 AVE TH 27.02' ALG CURVE TO RIGHT (R=420' C/A=03D41' CHORD N09D21'W 27. 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 $4,698,911 $4,698,911 2011-2135 AS0079 MARKET SQUARE LLC - R4952308 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 2011-2135 AS0079 MARKET SQUARE LLC - R4952308 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 • 2011-2135 AS0079 z.m ext.'-kO YY\c,mit NOTICE OF DETERMINATION Christopher M. Woodruff- ` ; 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 Ld`1 JUL 18 A I I: 13 E-mail: appeals@co.weld.co.us www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM L LEGAL DESCRIPTION/ SCHEDULE/ACCOUNT NO1."� 'fAit-YE LIT AREA PHYSICAL LOCATION R4952308 2011 0600 GR MSSC LOT 2 MARKET SQUARE SHOPPING CENTER EXC BEG AT ¢ INTERSECT OF C/L 39 AVE & S LN W 10 ST z MARKET SQUARE LLC N85D13'E 61.51' TO TRUE POB N85D13'E O 4949 N BROADWAY No.105 152.98' SO4D46'E 170' S85D13'W 175.43' F BOULDER,CO 80304 TO E LN 39 AVE TH 27.02' ALG CURVE TO rc RIGHT (R=420' C/A=03O41' CHORD p N09D21'W 27. 0. 3820 W 10 ST, GREELEY ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 4,698,911 4,698,911 TOTAL $4,698,911 $4,698,911 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 2011-2135 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 asp of June 30,2010? (Your fifi�� opiniooRn, of value in terms of a specific dollar amount is required for real $P Sy&A Value$2,900,000 c)bmbined 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.) Combined parcels R4952308 & R0034492 The assessor did not properly consider the cost, market and income approaches to value or acpects to the property in question ATTESTATION I, the undersigned owne or nt he property identified above, affirm that the statements contained herein andhjttac true and complete. 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 4949 North Broadway,Suite 105. Boulder,CO 80304 Property Address/Legal Description/Schedule#:See Attached exhibit A Consultant/Agent: Stevens&Associates Cost Reduction Specialists, Inc. I/VVe Emerald Investment V LW, Sunrise Partners LLC,95 LLC, Buckley Center LLC,Market Square LLC, J&R Co, subsidiaries,parent companies and all affiliated companies agree with Stevens&Associates Cost Reduction Specialists. Inc.that for the property tax assessment years 2011, 2012 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 2011, 2012 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 t 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 3/ day of May 2011. Agreed: ader Ghadimi Title: Managing Member STATE OF fi fig/// olora e The foregoing instru was acknowledged before me} This)) day of —•4/ Please Direct all correspondence/refunds to'. By: Nader Ghadlrni Stevens&Associates/Inc. 9800 Mt Pyramid Ct,Suite 220 Witness my hand and official seal. Englewood, Colorado 80112 _a my commission expires: 61 .aurrybueaCO{vv&-{/roun steneY �IK_ J�1 ( MONICA SHANK NOUN PUOUC ! `:r STATE OFCOLOM0o MY COMMISSION EXPIRES O2/2W2014 Exhibit A Emerald Investment V LLC 25797 Conifer Rd Jefferson County Parcel/Schedule# 61-123-06-004!454867 Sunrise Partners LLC 9071 Washington St Adams County Parcel/Account# 0171922402001 /0051177 95 LLC Boulder County Account%s R0145707 R0145705 R0145703 R0145701 R0122867 R0145706 R0145704 R0145702 R0145700 Buckley Center LLC 4333 S Buckley Rd Arapahoe County Parcel l Account ft 2073-06.1.27-002/2488751 Buckley Center LLC 4343 S Buckley Rd Arapahoe County Parcel/Account# 2073.08.1-27-003/2488760 Market Square LLC 3820 W 10 St Weld County Parcel/Account# 095911137002/R4952308 Market Satiate LLC 3840 W 10 St Weld County Parcel/Account# 095911124018/R0034492 J&RCo 275 Waneka Pkwy Boulder County Parcel/Account# 157503473002/R0076925 0© Stevens & Associates it CI 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 " 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 101h 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, /moo Todd J. Stevens President Enc/mss Stevens &Associates Cost Reduction Specialists, Inc. 9800 Mt. 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