The URL can be used to link to this page

Browse Search

Home My WebLink About20112139 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 I FAX: (970) 352-0242 �1 P. O. BOX 758 GREELEY, COLORADO 80632 COLORADO August 3, 2011 INLAND PPD HUDSON ASSOCIATES LLC 211 E 7TH STREET SUITE 1120 AUSTIN, TX 78701 RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT#: R6775763 PARCEL#: 130726201002-L2 SAND HILLS INDUSTRIAL PARK 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 $61,914,792 $61,914,792 A./(4rLferi 8-3-aoi/ 2011-2139 AS0079 INLAND PPD HUDSON ASSOCIATES LLC - R6775763 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 2011-2139 AS0079 INLAND PPD HUDSON ASSOCIATES LLC - R6775763 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 PARADIGM TAX GROUP LLC 2801 E BELTLINE NE GRAND RAPIDS, MI 49525 2011-2139 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 -:. l j c ,n, 3 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.': '•,TAXAREA. LEGAL DESCRIPTION/ • PHYSICAL LOCATION R6775763 2011 2606 L2 SAND HILLS INDUSTRIAL PARK 3001 N JUNIPER ST, HUDSON LC z INLAND PPD HUDSON ASSOCIATES LLC 211 E 7TH STREET SUITE 1120 >. AUSTIN,TX 78701 r a w a O c a ASSESSOR'S VALUATION PROPERTY CLASSIFICATIONACTUAL VALUE PRIOR TO JY ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 61,914,792 61,914,792 TOTAL $61,914,792 $61,914,792 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: LHO2-No change has been made to the valuation of this property. Colorado law requires us to send this notice of denial for all properties on which we do not adjust the value. 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. 2011-2139 15-DPT-AR PR 207-08/11 R6775763 12403 APPEAL PROCEDURES I 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 101h 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.dov/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 prove ty_pursuant to§ 39-8-106(1.5), C.R.S.) $ occ, o)CJ -j'- 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.) B 'tJr Zu s �c t�Cal -u-L, MAP t- tc 4., • CO.e_ ' -�✓ ..& ›ax..0-A-) »4;t4.4-tC ca4-• m-d s.) e2 aet_ ./ t<><3"a-4 .,i-t e fir ��— �-v w ,0-aA • a- o iv > -- ATTESTATION I, the undersigned owner or agent of the property identified above, affirm that the statements contained herein and on any attachments hereto are true and complete. JP Rand for Paradigm Tax Group q1/4/// 11-47001 N.Locust,Ste 1(h nature Gladstone,MO 64118 Date 816-468-7148 FAX 816-468-1776 Jprand@paradmintaxcom ' Attach letter of authorization signed by property owner. COLORADO STATEMENT OF AGENCY This is to authorize Paradigm Tax Group, to act in our behalf as our agent in assessment matters related to Colorado property owned, possessed or controlled by the undersigned. Any and all previous authorizations are hereby revoked. Account# and County: R6775762 & R6775763 Weld County Address: 3001 N. Juniper St. Hudson Paradigm Tax Group is delegated full authority to handle matters relative to property values and assessments, to appear before administrative boards or agencies, to review and receive copies of any prior tax year's returns and to represent us, with the assistance of legal counsel if necessary, in the appeal process. The rights, powers and authorization of Paradigm Tax Group herein granted shall commence upon the execution of this letter of authorization and shall terminate upon written notification indicating otherwise. Name: Inland PPD Hudson Associates LLC Mailing Address: 211 E. 7th St., Sje, 1120 Austin, TX 78701 ' j Signed: ' � � i -� Printed Name: 6/Lit �,. ( Title: ,6, Date: ( J 6' IN WITNESS WHEREOF: Subscribed and sworn to before me on this -'_ day of .':fiF N( , 2011. Notary Public .0` ROAN s Kr I tSKI In and for the County of State of ' , „no do„ rrn nV� hAb'u0ry , 9 15 My commission expires . '':' 3°to n — I . Is g In•� C [ to d9 v. CD 137 03 l to ii i �4 sn ,g• m v re ! 1 1 o 1'4isi ii pal � t rPi, : 3M J, a m^ll `I mai n,a. � Icn 4‘ g . ia,c V1 Nrn O b r1 co 7.1 O N ® t m O o , F--p — S. "'n 71 ito -4 o cp. U.S. POSTAGE y m a _, REQUIRED b g co r. QD. USPS PRIORITY MAIL® a cc, 3 , JP RAND SHIP DATE: 711412011 e m - I- PARADIGM TAX GROUP WEIGHT: 0 lb.4 oz. l V Z 7001 N LOCUST ST STE 105 Flat Rate Envelope O NGLADSTONE MO 84118-2555 iglt 7) Q � z c z d SHIP WELD COUNTY BD. OF EQUALIZATION • 1 TO: WELD COUNTY ,o , PO BOX 758 I' R GREELEY CO 80632-0758 x10 , IItILII,,,,ll,,,,ll„tl,llluil I,IIIthIIIIIIIt)„IIIIJd -r ZIP - el USPS DELIVERY CONFIRM r 'r. z v, .,' -. [::.,,, 9101 9690 1038 3260 7411 34 - - Electronic Rate Approved #969010386 , • , .._ .1 ,.... /..IN e 2fli</(41 $t Donna Bechler From: Courtney Anaya Sent: Tuesday, July 19, 2011 4:29 PM To: Donna Bechler Cc: Esther Gesick Subject: FW: CBOE appeal Attachments: R6775763.pdf _-1-n- 4 ?Pb Hi Donna, This one is requesting an Admin Denial. Thanks! Courtney Anaya Assistant Analyst Weld County Assessor's Office (970) 353-3845 ext. 3670 canava@co.weld.co.us , 8' i TJii u 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: Courtney Anaya Sent: Tuesday, July 19, 2011 4:10 PM To: Charles Jack Subject: CBOE appeal 1 BOARD OF ASSESSMENT APPEALS STATE OF COLORADO NOTICE OF HEARING SCHEDULE NO. R6775763 DOCKET NO. 55620 Petitioner(s): Tax Year(s): 2010 INLAND PPD HUDSON ASSOCIATES LLC V. Respondent: WELD COUNTY BOARD OF EQUALIZATION - The Board of Assessment Appeals will hear the above-captioned matter: Date: October 12,2011 Time: 8:30 AM Mountain Time on a trailing docket Location: 1313 Sherman Street Room 315, 3rd Floor Denver, CO 80203 Time Allocated: 4 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 will 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.uslbaa/index.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 28,2011. 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 DOWNEY&MURRAY LLC THOMAS E. DOWNEY JR. ESQ. 383 INVERNESS PARKWAY, SUITE 300 ENGLEWOOD, CO 80112 O-44-e44-11 artE-et aO//-a/ 2 Esther Gesick From: JP Rand Uprand@paradigmtax.com] Sent: Wednesday, August 17, 2011 8:08 PM To: Esther Gesick Subject: Copy of State Appeal on R6775763 Attachments: 2005_0001.pdf As per the guidelines, attached is your copy of our filing mailed to the State Board. If you have any questions, please feel free to give me a call. JP Rand/ Senior Managing Consultant/Principal ptg STATE & LOCAL .x.ma+TAX CONSULTANTS A OC J} IR0.1_ -YNLV,5 Paradigm Tax Group 7001 N Locust St,Ste 105 Gladstone, MO 64118 816-468-7148 Phone 816-838-9017 Mobile 816-468-1776 Fax jprand@paradigmtax.com Atlanta"Austin*Boston*Buffalo*Chicago"Cleveland*Dallas*Denver* Detroit*Fort Lauderdale*Honolulu*Houston*Indianapolis*Kansas City*Los Angeles*Minneapolis*Philadelphia*Phoenix*Pittsburgh"San Diego*San Antonio*San Francisco*Silicon Valley*Seattle*St.Louis*Washington DC This email is confidential,and may be legally privileged. It is intended solely for the use of the addressee. Access to it by any other persons is unauthorized.If you are not the intended recipient,any disclosure,copying,distribution or any action taken,or omitted to be taken in reliance on it,is prohibited and may be unlawful.When addressed to our clients,any opinions or advice herein are based on facts as stated and authorities that are subject to change,retroactively or prospectively. Any advice contained in this email is limited to the conclusions specifically set forth herein and is based on the completeness and accuracy of the above-stated facts, assumptions,and representations,presumed to be entirely complete and accurate.If any are not entirely complete and accurate,it is imperative that we be informed immediately,as that may have a material impact on our conclusions. We are relying upon the relevant provisions of the state and local statutes,the regulations there under, and the judicial interpretations thereof. These authorities are subject to change or modification. Qt CA , Y-1�YZ vn- II ZG11 / 3 CAIRA70// 1 ASo0-79 PETITION TO STATE BOARD OF ASSESSMENT APPEALS For Office Use Only 1313 Sherman Street, Room 315 Phone: (303)866-5880 Denver. Colorado 80203 Fax: (303)8664485 Docket No. Fee: Y N Check/Credit Card Date: August 18,2011 D F N Property Owner: Inland PPD Hudson Associates LLC Subject Property; 3001 N.Juniper St. Hudson,CO 80642 Street Address City Schedule Number(s): R6775763 Parcel 130726201002 Attach separate sheet if necessary CiBoard of Equalization Appeals the decision of the Weld O Board of Commissioners Dated: 7/29/11 County O State Property Tax Administrator Thls Appeal concerns: DValuation O Refund/Abatement O Exemption OState Assessed Tax Year: 2011 The subject property is currently classified as: O Agrict...:ura Ccrnmercial °Exempt D Industrial °Mixed Use ONatural Resources pit &Gas .0 Personal :°Possessory O Producing ©Residential OState Assessed D Vacant .anw Interest Mines Actual Value assigned to subject property: $61,914,792 Petitioner's estimate of value: $45,000,000 Estimated time for Petitioner to present the appeal: minutes or 4 hours. Not less than 30 minutes. Board will allow equal time to County or Property Tax Administrator. Appearance: O Petitioner oe present at the hearing ElPetitioner will appear by telephone Peti;lone.; be represented by an agent petitioner is responsible for calling the Board at 303-866.5880 Petition e" t e represented by an attorney on the scheduled date and time of hearing(Mountain Time Zone) Entry of appearance by Thomas E.Downey,Jr. Q Petitioner would like to appear by video conference will be forwarded Petitioner must contact the board st 303-866-5550 at least 20 days in advance or the scheduled heanng to confirm availability of video conference equipment :'t"e prose.y c:. .c •s- ecaty it must appear under the representation of an attorney licensed in Colorado except as follows. A closely held entity may be represerieO b:an o•'f zer:;l the entity as long as the amount=n controversy does not exceed$10,000,exclusive of costs,interest or statutory penalties. A closely re;n er3,:y car.nave no more then three owners. See Section 13-1-127,C.R.S. A closely held entity that will be represented by an officer of ontity must provide a letter to the Board with this petition stating that it has no more than three owners and that the tax amount at issue does not exceed$10,000.A.t%us'.f.i ng a petition atter 12/31/2010 must be represented by an attorney and must pay a$101,25 filing fee. 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). S 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). t 5101.25 Petticner will be represented by an agent or by an attorney. to the space below, please explain why you disagree with the value assigned to the subject property County market value exceeds fair market value based on income approach to value as well as other recognized approaches to value. A formal appraisal is in process and should be completed within the next 60 days and submitted to the County. Required attachments to this form: 3 Assessor's o Properly Tax Administrator's Notice of Valuation or Notice of Denial a Decision of County Board of Equalization, County Board of Commissioners or Property Tax Administrator Attachments required under certain circumstances: it A notarized Le:ter of Authorization if an agent will be representing Petitioner p 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 cer:tfy 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: tfBoard of Equalization Weld O Board of Commissioners O State Property Tax Administrator at the fo o.no address: via email to Esther Cesick,Deputy Clerk to the BCE egesick@co.weid.co.us C'1_ 8/I8:11 Late 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 8/18'11 Cate. 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 8/18/11 Date (One copy may t lazoe tc;!,e Board but the original and two eddiiional copies must be malled or hand delivered.) Petitioner's Mailing Address is Required Even if Petit pner is Represented by An Agent or Attorney (per C.R.S. 39-8-109 t .ature of Agent [Si or Attorney C) Signature of Petitioner JP Rand of Par:iii gm Tax Group Printed Name Printed Name 7001 N.Locust#I05 Mali ng Address Mailing Address Gladstone,\1O 64118 City, State,Zip Coee City, State,Zip Code Telephone. 816-468-7148 Telephone: Daytime number jpr'anduparadigmtas.com E-Mail: Attorney Rea 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.dota,Cotorado.govlbaa or may be requested by phone at 303-866.5880. COLORADO STATEMENT OF AGENCY This is to authorize Paradigm Tax Group, to act in our behalf as our agent in assessment matters related to Colorado property owned, possessed or controlled by the undersigned. Any and all previous authorizations are hereby revoked. Account#and County: R6775762& R6775763 Weld County Address: 3001 N. Juniper St. Hudson Paradigm Tax Group is delegated full authority to handle matters relative to property values and assessments, to appear before administrative boards or agencies, to review and receive copies of any prior tax year's returns and to represent us, with the assistance of legal counsel if necessary,in the appeal process. The rights, powers and authorization of Paradigm Tax Group herein granted shall commence upon the execution of this letter of authorization and shall terminate upon written notification indicating otherwise. Name: Inland PPD Hudson Associates LLC Mailing Address: 211 E. 7th St4'St* 1120 Austin,TX 788701 Signed: J Printed Name: �• �t.f '•a Title: ice':";; 2 `,L. •' i Date: .: IN WITNESS WHEREOF: Subscribed and sworn to before me on this day of -°,y>..n..•3-% ,2011. Notary Public F [tt{ a n f; 1' 1 if K#i 1 Si In and for the County of s _ s'ac' r �st,E:: ,ra=e rat p E9xa3 State of 11 ~'`ria5 ice' ".ti ornT ss or tabgtoiy C19, 20,16 xfi 83 p My commission expires i (Sti TO THE BOARD PHONE(970)336-7215,Ext.4226 FM: (970)352-0242 lig P. O.BOX 758 I\ GREELEY,COLORADO 80632 COLORADO August 3, 2011 INLAND PPD HUDSON ASSOCIATES LLC 211 E 7TH STREET SUITE 1120 AUSTIN, TX 78701 RE. THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - ADMINISTRATIVE DENIAL OF PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY:ACCOUNT#:R6775763 PARCEL#: 130726201002-L2 SAND HILLS INDUSTRIAL PARK Dear Petitioner: On July 29,2011,the Board of County Commissioners of Weld County,Colorado,convened, ana 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 $61,914,792 $61,914,792 CC-A./r/e kri -3-adi/ 2011.2139 AS0079 INLAND PPD HUDSON ASSOCIATES LLC-R6775763 Page 2 A denial of a petition, in whole or in part, by the Board of Equalization may be appealed by seiecting 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 AssessmentAppeals(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 2011-2139 AS0079 INLAND PPD HUDSON ASSOCIATES LLC-R6775763 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, rot 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 4228. Very truly yours. Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff,Assessor PARADIGM TAX GROUP LLC 2801 E BELTUNE NE GRAND RAPIDS,MI 49525 2011-2139 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 , ` is n ;>?-mail: appeals@co.weld.co.us www.co.weld.co.us Office Hours:8:00 AM-5:00 PM SCHEDULE/ACCOUNT NO. : T , YEAR,; •:TAX:AREA •LEGAL DESCRIPTION/ PHYSICAL LOCATION 86775763 2011 2606 L2 SAND HILLS INDUSTRIAL PARK 3001 N JUNIPER ST,HUDSON Z .'NLAND PPE)hU'JSON ASSOCIATES LAC i O 211 E 7TH STREET SUITE 1120 AUSTIN,TX 76701 ai a; ASSESSOR'S VALUATION- • ACTUAL VALUE PRIOR TO PROPERTY CLASSIFICATION • ACTUAL VALUE AFTER REVIEW REVIEW;: COMMERCIAL 61,914,792 61,914,792 ITOTAL $61,914,792 $61,914,792 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 or the loi;owing: Lid02- No change has been made to the valuation of this property. Colorado law requires us to send this notice of denial for all properties on which we do not adjust the value. 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 tiling 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 aoegUately 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. 2011-2139 15•DPT•AR PR 207-06/11 R6775763 12403 Hello