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Home My WebLink About20110699.tiff BOARD OF ASSESSMENT APPEALS, Docket Number: 56355 STATE OF COLORADO 1313 Sherman Street, Room 315 Denver, Colorado 80203 Petitioner: CENTERPLACE OF GREELEY III LLC, , E©E 0 V i MAR - 9 2011 v. Respondent: WELD COUNTY BOARD OF EQUALIZATION. ORDER ON STIPULATION THE PARTIES TO THIS ACTION entered into a Stipulation, which has been approved by the Board of Assessment Appeals. A copy of the Stipulation is attached and incorporated as a part of this decision. FINDINGS OF FACT AND CONCLUSIONS: 1. Subject property is described as follows: County Schedule No.: R4997408 Category: Valuation Property Type: Commercial Real 2. Petitioner is protesting the 2010 actual value of the subject property. 3. The parties agreed that the 2010 actual value of the subject property should be reduced to: Total Value: $10,000,000 (Reference Attached Stipulation) 4, The Board concurs with the Stipulation. 1 /nI_ -�t-� 2011-0699 3-W- '3cli ASGo'71 ORDER: Respondent is ordered to reduce the 2010 actual value of the subject property,as set forth above. The Weld County Assessor is directed to change his/her records accordinglyraj . P + AND MAILED this 7th day of March 2011. is Irt 11t f3 BOARD OF ASSESSMENT APPEALS k+t 11� e 2A� Diane M. DeVries I hereby certify that this is a true and correct copy of the decision of the Board of Assessment Appeals. MUMbark/ 1 Debra A. Baumbach V' I Cara McKeller „.00F20. <G $ e SEAL 2 02/24/2011 09:36 FAX 9703046433 WELDCOUNTYASSESSOR 2003/004 Cn BOARD OF ASSESSMENT APPEA`O STATE OF COLORADO Docket Number 56355 Zitj, Nk -3 Cif }. p Single County Schedule Number R4997408 STIPULATION (As To Tax Year 2010 Actual Value) Centerplace of Greeley 111 LLC, Petitioner(s), vs. WELD COUNTY BOARD OF EQUALIZATION, Respondent. Petitioner(s)and Respondent hereby enter into this Stipulation regarding the tax year 2010 valuation of the subject property,and jointly move the Board of Assessment Appeals to enter its order based on this Stipulation. Petitioner(s) and Respondent agree and stipulate as follows: 1. The property subject to this-Stipulation is described as: OR 3CP Ll BLKI CENTERPLACE PHASE 3 MINOR 2. The subject property is classified as Community Shopping Center property (what type). 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2010: Land $2,909,333.00 Improvements $7,962,847.00 Total $10,872,180.00 4. After a timely appeal to the Board of Equalization,the Board of Equalization valued the subject property as follows: Land $2,909,333.00 Improvements $7,962,847.00 Total $10,872,180.00 R4997408 M:\Stipulations\BAA form for Stipulations.doc 02/24/2011 09:37 FAX 9703046433 1YELDCOUNTYASSESSOIt Z004/004 5. After further review and negotiation, Petitioner(s)and County Board of Equalization agree to the following tax year 20I0 actual value for the subject property: Land $2,909,333.00 Improvements $7,090,667.00 Total $10,000,000.00 6. The valuation, as established above, shall be binding only with respect to tax year 2010. 7. Brief narrative as to why the reduction was made: The 2010 value was changed based on a review of market income, comparative sales, and cost to cure for unfinished area. 8. Both parties agree that the hearing scheduled before the Board of Assessment Appeals on 03/17/2011 (date)at 8:30am(time)be vacated; or, a hearing has not yet been scheduled before the Board of Assessment Appeals (check if appropriate). DATED this 23rd day of February,2011 L,(4 `II Petitioner(s) or Attorney County orner Responds , Board o Equalization Address: Address: o tq I S� 2coo q15- ID`s 5t P. D. noKi5E 19I'ul c` b g6Z0z c7refley , x RY�fi a Telephone: 303 97 2C Telephone: 970- 5(0- loan x 39(o Cale 6(10 County Ass M Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 Docket Number Stip-1.Frm R4997408 M:\Stipulations'BAA form for Stipulations.doc 2 Hello