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Home My WebLink About20112138 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 (10, FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 WID € COLORADO August 3, 2011 HEXCEL CORPORATION CIO THOMSON REUTER INC/MEGAN DOWLING 2235 FARADAY AVE SUITE O CARLSBAD, CA 92008 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY:ACCOUNT#: R6775983 PARCEL#: 080726103003-L3 BLK2 GREAT WESTERN INDUSTRIAL PARK 4TH 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 $10,584,500 $10,584,500 cc; 4/ C `e Ale rJ -S-07ea 2011-2138 AS0079 HEXCEL CORPORATION - R6775983 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 2011-2138 AS0079 HEXCEL CORPORATION - R6775983 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, W c(1. Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor THOMSON REUTERS 1125 SEVENTEENTH ST SUITE 1575 DENVER, CO 80202 2011-2138 AS0079 //= c ' ter,nr 1-(exc-e- (— C3 - utj 0r /4 )(Lei C“re 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 !III R A II: (y5 E-mail: appeals@co.weld.co.us www.co.weld.co.us t Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. t „S/ yEitty `j, X AREA LEGAL DESCRIPTION/ i ,n® PHYSICAL LOCATION R6775983 2011 4009 L3 BLK2 GREAT WESTERN INDUSTRIAL PARK 4TH FG cc 31815 GREAT WESTERN DR,WINDSOR z HEXCEL CORPORATION 3 C/O THOMSON REUTER INC/MEGAN DOWLING r 2235 FARADAY AVE SUITE O 2 CARLSBAD,CA 92008 W a O a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW INDUSTRIAL 10,584,500 10,584,500 TOTAL $10,584,500 $10,584,500 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: CM01 - The Colorado Constitution requires commercial property to be valued based on actual value and assessed at 29%. Replacement cost, market, and income are approaches used to determine the actual value of your property. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The deadline for filing personal property appeals is July 20. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. THOMSON REUTERS 1125 SEVENTEENTH ST SUITE 1575 DENVER CO 80202 2011-2138 Hexcel Corporation CO-Windsor Hexcel Corp APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before July 20 for personal property— after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado,gov/baa (970) 356-4000 Ext. 4520 Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30,2010? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 7,430,000 What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, appraisal, etc.) R6775983 The property is valued in excess of fair market value based on the three approaches to value: cost, market and income approaches. In addition,the property is valued in excess of other similarly situated properties. ATTESTATION I, the undersi ned owner or agent' of the property identified above, affirm that the statements contained herein and o tta ents hereto are true and complete. (3o3) ZgZ- 7- Li 7/15/2011 Signature Telephone Number Date Attach letter of authorization signed by property owner. HEXC4 LETTER OF AUTHORIZATION To Whom It May Concern: Lessee: Hexcel Corporation Hereby appoints and authorizes Thomson Reuters (Property Tax Services), Inc. as taxpayer's property tax representative on all matters pertaining to the 2009, 2010, 2011 and 2012 ad valorem taxes relating to the property listed below. Until written notice of termination is issued,Thomson Reuters(Property Tax Services), Inc. may have the right to,exclusive to the below listed property, examine property tax records,obtain all property tax statements, and discuss or appeal any property tax assessments with the proper authorities, when in their opinion, the property tax assessment does not constitute fair market value. Additionally, Thomson Reuters (Property Tax Services), Inc. has the right to file property tax appeals to the appropriate jurisdiction,if authorized by law. Instructions: This letter of authorization must be signed by the OWNER OF RECORD. If the Management Company is acting on behalf of the owner,then a letter from the owner or a copy of the management agreement must be supplied. If the Lessee is initiating the appeal, then a copy of the entire lease must be provided to establish proper authorization, this lease must state that lessee has authority to appeal properly value. LLC's must be signed by Manager/Member,Partnerships must by signed by a General Partner,Corporations must be signed by an Officer and a Trust must be signed by a trustee.All Colorado Letters of Authorization must be notarized. Parcel No. Address Jurisdiction State R6775983 31815 Great Western Dr. Weld County Assessor CO P0905335 31815 Great Western Dr. Weld County Assessor CO Signature: k fife Printed Name: M 1"^'k Seim ux' Title: t/ . P. TOO Address: 2S' I Tie S(. 1uil t 1 b l-1. Fjp0Y S-6v11-1t7-Y rt CT o6 ci 0 Phone Number: 20 3— — &b 4S' Subscribed and sworn before me this cm day of "J-4►- v et('y , oZO r! . Notary Public State of Co44ecj-tev-F County of F4 My commission expires 16 /3 1 / 1 S Hexcel Corporation • Two Stamford Plaza • 281 Tresser Boulevard • Stamford,CT 06901-3261 • (203)352-6800 • Fax(203)358-397 www.hexcel.com Phone: 303.292.6206 Mobile: 303.875.3800 benjamin.turner@thomsonreuters.com thomsonreuters.com From: Noel Lawrence Jmailto:nlawrence@co.weld.co.usj Sent: Monday,July 25, 2011 11:05 AM To:Turner, Benjamin (Professional) Subject: Administrative Denial Hi Ben. If you could just reply to this email indicating an Administrative Denial for the 2011 appeal of Hexcel account R6775983 that should suffice. Thank you. Noel Lawrence Commercial Appraiser Assessor's Office 1400 N. 17th Avenue Greeley, CO 80631 970-353-3845 ext. 3695 I 6{ I 0 ' ' w E 'R.“COV N Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. 2 Donna Bechler From: Courtney Anaya Sent: Monday, July 25, 2011 1:17 PM To: Esther Gesick Cc: Donna Bechler Subject: FW: Administrative Denial Attachments: Benjamin M. Turner FYI From: Noel Lawrence Sent: Monday, July 25, 2011 12:00 PM To: Courtney Anaya Subject: FW: Administrative Denial NbefLawrence Commercial Appraiser Assessor's Office 1400 N. 17th Avenue Greeley, CO 80631 970-353-3845 ext. 3695 I &4 1 7tII w E la_2c 0 U N 1v • Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: beniamin.turnerCathomsonreuters.com fmailto:beniamin.turner©thomsonreuters.coml Sent: Monday, July 25, 2011 12:00 PM To: Noel Lawrence Cc: ian.james@thomsonreuters.com; michelle.turner(althomsonreuters.com Subject: RE: Administrative Denial Thanks Noel, The admin denial is acceptable to us, thanks for following up Benjamin Turner Sr Consultant, Property Tax Thomson Reuters 1 Hello