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Home My WebLink About20111001.tiff RESOLUTION RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND OF TAXES -STARTEK, INC. (R7083798) WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 18th day of April, 2011, at which meeting there were present the following members: Chair Barbara Kirkmeyer, and Commissioners Sean P. Conway, William F. Garcia, David E. Long, and Douglas Rademacher, and WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, with said Assessor, Christopher Woodruff, being present, and taxpayer Startek, Inc., not being present, and WHEREAS, the Board of County Commissioners has carefully considered the attached petitions, and is fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the Assessor and the petition be and hereby is, denied, and an abatement or refund not be allowed as follows: CORRECTION TO ASSESSED ABATEMENT TAX VALUATION OR REFUND YEAR $0.00 $0.00 2008 $0.00 $0.00 2009 $0.00 $0.00 2010 C� AR, R6 , cj _ \.1 2011-1001 AS0078 TAX ABATEMENT PETITION - STARTEK, INC. (R7083798) PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 18th day of April, A.D., 2011. BOARD OF COUNTY COMMISSIONERS WEL9D COUNTY, COLORADO ATTEST: ‘7; '3acbara Kirkmeyer; Chair / Weld County Clerk to the`�ar: 8 (r C (T 1)4, Sean P ' o , Pro-Terri BY: Deputy Clerk to the Boa 5 �. ilia . Garcia APPROyED AS--T RM: David E. Long Attorney Douglas ademach- Date of signature: SPA/ 2011-1001 AS0078 PETITION FOR ABATEMENT OR REFUND OF TAXES County:Weld - Date..Received-,"4:20 M e '(Use e A55esstit rCoduyissioners'Date�Stamp) �ta Section I: Petitioner,please complete Section I only. ` ,ii 2 p i. 'R E V E E Date: 12/23/10 Month Day Year C ql Petitioner's Name:Stan fizwE Stanek,Inc Scaot- DEC 2 7 LO IO Petitioner's Mailing Address:44 Cook St,4th Fir WELD COUNTY ASSESSOR Denver,CO 80206 GREELEY, COLORADO City or Town State Zip Cede SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY R7083798 244 Dundee Petitioner states that the taxes assessed against the above property for property tax year(s) 200% and are incorrect for the following reasons: (Briefly describe the circumstances surrounding the incorrect value or tax. Attach additional sheets if necessary.) Assessor's value does not reflect market value. Petitioner's estimate of value: $ N/A ( N/A )and $3,500,000 ( 2ccg ) Value Year Value Year Petitioner requests an abatement or refund of the appropriate taxes. I declare,under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits or statements,has been prepared or examined by me,and to the best of my knowledge,information and belief,is true,correct,and complete. Daytime Phone Number( ) Petitioner's Signal -cam By ,KI ' .C.��2. Daytime Phone Number(T6 77O — Lei'LC •gent's Signature* `Letter of agency must be attached when petition is submitted by an agent. If the board of county commissioners,pursuant to section 39-10.114(1),or the property tax administrator, pursuant to section 39-2-116,denies the petition for refund or abatement of taxes In whole or in part,the petitioner may appeal to the board of assessment appeals pursuant to the provisions of section 39-2-125 within thirty days of the entry of any such decision,§39-10-114.5(1),C.R.S. Section II: Assessor's Recommendation (For Assessors Use Only) Tax Year 16C'� Tax Year Actual Assessed Tax Actual Assessed Tax Original Y, 878 830 y/Y, 8Z-1' 7070c/5-3 corrected V78' 834_ /,y/Y, hie, /07 04`x.73 Abate/Refund ❑Assessor recommends approval as outlined above. N rotest was filed for the year(s): or (If a protest was filed,please attach a copy of the NOD.) Assessor recommends denial for the following reason(s): �2.. �- /�-d),„ •�CPU rillbt+lc 1414'1 (LC /j/r/� W/ Assessors r uty/{sE6ssors ign re 15-OPT-AR No.920-66/06 FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund filed pursuant to section 39-10-114 shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor,as appropriate,within six months of the date of filing such petition,§39-1-113(1.7),C.R.S. Section III: Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to$1,000) The commissioners of County authorize the assessor by Resolution No. to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract,parcel,or lot of land or per schedule of personal property,in accordance with§39-1-113(1.5),C.R.S. The assessor and petitioner mutually agree to the values and tax abatement/refund of: Tax Year Tax Year Actual Assessed Tax Actual Assessed Tax Original Corrected Abate/Refund Note:The total tax amount does not include accrued interest,penalties,and fees associated with late and/or delinquent tax payments,if applicable. Please contact the county treasurer for full payment information. Petitioner's Signature Date Assessors or Deputy Assessors Signature Date Section IV: Decision of the County Commissioners (Must be completed if Section III does not apply) WHEREAS,The County Commissioners of County,State of Colorado,at a duly and lawfully called regular meeting held on / / ,at which meeting there were present the following members: Month Day Year with notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and Assessor (being present--not present)and Name petitioner (being present--not present),and WHEREAS,The said Name County Commissioners have carefully considered the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,That the Board(agrees--does not agree)with the recommendation of the assessor and the petition be(approved--approved in part--denied)with an abatement/refund as follows: Year Assessed Value Taxes Abate/Refund Year Assessed Value Taxes Abate/Refund Chairperson of the Board of County Commissioners'Signature I, County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementioned county,do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners. IN WITNESS WHEREOF,I have hereunto set my hand and affixed the seal of said County this day of Month Year County Clerk's or Deputy County Clerk's Signature Note: Abatements greater than$1,000 per schedule,per year,must be submitted in duplicate to the Property Tax Administrator for review. Section V: Action of the Property Tax Administrator (For all abatements greater than$1,000) The action of the Board of County Commissioners,relative to the within petition,is hereby ❑Approved ❑Approved in part$ ❑Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature Date 15-OPT-AR No.920-66/06 • • APPOINTMENT OF AGENT OcfobeA- 2_00 DATE TO WHOM IT MAY CONCERN: AGENT: Consultus Asset Valuation, Inc. 68 Inverness Lane East#205 Englewood, CO 80112 Fax: (303)770-2430 Phone: (303)770-2420 Consultus Asset Valuation, Inc. is authorized to represent StarTek, Inc., et al in property tax valuation matters for the years 2008 through 2014. Please contact Consultus regarding all property tax issues. The properties are indicated below: COUNTY PROPERTY SCHEDULE NO. ADDRESS Wets),CO Greeley North _(Z i -y� s! d t 2,3ro -,-' Oct We.LQCO Greeley west 2?a8�7_(�u _ z4y°'f7oN ie, Rv cot Ffo,tetac—Ovvike.n0 Kingston 1 i�3\l G40 o �BOS lcg list kt4 rjWY Laamie _ a c��iQvLt7z Cp-Qp.(4,OK Ernd,0— 2830 ec 6Z3 oZo—o--%f tUo C+ x,cjt tl HeAr-vl C 1071le dQ Z66y Z CC>pe� nvCO Mesa,CO Grand Junction Qb 64`t064°'('obflo . 'i41 uAU3'(otaS2`—"ST ID 03'121_ Employer ID#or Social Security Number \ �rdkt�ltTR. (b, l4 in (Signature) A p Dete I Printed Name §L I()I R- -A . (_Y vUT4N Title 0tot P(',PSicle:r'k , Cbrc Cale 1 Company Name 4`rz, .k,TtJC- Phone No. ,�,f�3 " 2(0i —7ILIp o Subscribed and sworn before me this 111 day of �l U bee 201 My commission expires `/as-Pol f . 111 /(c). yt '�- U Notary Pu lic STAR-owned 5 e^ '— V r1 qt 1 '9 !„. ..l 4n - 4 • • ▪ , •• ' W O Q9. NN 6 MM N N_ V T AOA 0 d 1 W 2 Clin • Csj ..Q a cc LL f0 ✓ u7 �2 - m CO amLL c W '° O cn ft 1 E N• °o 7 N C N O) • 7 C immo p L�OUJ W 0 ru W Z -0 O 4.; 00 4-0 Li-) O J O x O 2 1- N Ua oM � � LZ • }{kiN00 03/15/2011 Attn: Chris Woodruff RE: 2008 Abatement received 01/03/11 Startek, Inc. (west location) 244 Dundee Ave Greeley, CO 2008 Assessors Value$4,878,830 SUBJECT: The subject property is a commercial property with Office/Warehouse/Light Industrial Manufacturing occupancy located in west Greeley near Boomerang Golf Course on the northwest corner of 4th Street and 71st Avenue. The subject was built in 1994 and is considered to be in average condition for its age and use. The building is owner occupied by Startek, Inc. and housed the company's call center, assembly/distribution area, and warehouse. Consultus Asset Valuation, Inc. is representing the petitioner and has requested a reduction in value from $4,878,830 to $3,500,000 for tax year 2008. Cost Approach: The subject is valued based on its actual age at$5,117,237. Market Approach: The subject is valued at$55/sf for the 2008 assessment period. Sales of similar occupancies with a mix of Office/Warehouse/Light manufacturing revealed a range of sales from $48.47 -$77.65/sf. Due to the office portion of the subject having minimal partitioning for its call center, a market value of$55/sf was selected. This yielded a market value of$4,878,830. Income Approach: After multiple requests, the owner/petitioner did not respond to requests for their actual income. Typical lease rates during the assessment period for Office occupancy ranged from $8-$12/sf. For Warehouse occupancy the range was$4-$9. As the subject has less than 20%Office occupancy, $6/sf was selected as the potential lease rate. Capitalization and vacancy rates were also selected weighing the percentage of Office/Warehouse/Manufacturing occupancy. After giving the subject typical expenses, the value produced by the Income Approach was$4,821,435. Summary: Each of the approaches above support the value of the Assessor's Office, therefore, I would recommend a denial of the petitioner's request for abatement. Weld Count CHRISTOPHER WOODRUFF COUNTY ASSESSO BRENDA DONES, DEPUTY ASSESSO VALUATION REPORT OF COMMERCIAL PROPERTY FOR County Board of Equalization STARTEK, INC. PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 095905104005 Schedule Number: R7083798 Log Number: Date: Time: Board: PREPARED BY NOEL LAWRENCE Aar 03/15/2011 Signature Date ASSESSOR'S OFFICE STAFF APPRAISER ASSESSOR'S VALUE Improvements $4,202,791 Land $676,039 Total: $4,878,830 CBOE_COMM_01( Pei SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value as of 1/1/07 based on an appraisal date of 6/30/06. Property Rights Appraised Unencumbered fee simple interest. Location 244 Dundee Ave Greeley Land Area 712.087 Acres / 526,510 SF Property Type Commercial Office Building/Warehouse/Manufacturing Year Built 1994/1998 Year Remodeled n/a Quality Average Class Masonry Number of Stories 1 Improvement Sq. Ft. 88,706 Value Indications: Cost Approach $5,117,237 Market Approach $4,878,830 Income Approach $ 4,821,435 Assessor's Value $4,878,830 CBOE_COMM_01 PE LAND VALUE Sales utilized to establish the value in the subject neighborhood are from 2005 and the first six months of 2006 for the 2008 assessment date. The comparative sales approach is the most reliable method of land valuation. Pursuant to 39-104-(10.2) (c) C. R. S., the Assessor may utilize sales fror July 2001 through June of 2006 to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Wel County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developing value. The land size of the subject is 526,510 (rounded) square feet. Comparable commercial land in the subject area is valued at $1.28 per square foot. Parcel Number Sale Date Sale Price Land Size Per Sq Ft Comparable 1 095904110999 06/05/06 $900,000 300,041 3.00 Comparable 2 080328400001 04/04/06 $200,000 252,953 .79 Comparable 3 095922286009 01/18/05 $701,000 233,825 3.00 Comparable 4 095902100010 06/03/04 $695,958 656,449 1.06 ASSESSOR'S SUBJECT LAND VALUE $676,039 CBOE_COMM_01 PE ih �\ i�"�.0' "j 'J } 4:`} V / 'f f B. t, �a.t '.tt1` (.< . 11'10 ..k.\%,.\ lk "JPA) I' Y ,n .1 N‘E' . � i. rl. ,dk:%:.4. W n If .Jft y H —�'_.'.�`._«.xx A.—. "fig ` -a. C= ~P41.44Z44";.''' , likx i i t� TH if '., s - y,. — •4 .44.1, B wig ` s, & 4 ik +r''..., ' -' 4'41‘•••4$'44•;44' y,��;;�,vv +i .ars R ••44;$1...."‹.4.,.. f i4 .T CBOE_COMM_01i Pa 110.0' 25.0 45.0' 160.0' 65.0' Truck Well WAREHOUSE AREA 32320.0 sf 202.0' �II Truck Well \ ,. 65.0' \. 280.0' 150.0' MANFACTURING 150.0' 42,000 sf. 50.0' 38.0' • 292.0' OFFICES 50.0' 50.0' 14,440 sf. 4.0' 4.0' 182.0' 40.0' 70.0' Sketch by Apex IVULWndows^" CBOE_COMM_0' P, Page 1 of 1 # 'r t-%,?....;;:.;‘'.1 -11.7-... a ta.€ ' `t ' !•, 413 t' -_. - > 5 r F*YIW .€,x*7k...rt�i}#. H A` ' 1 tit I S4 ?ir`kr, 3'3 .nr k 7 x , Y ...«ter r,.,,,•.:!! ly:; iQ4 - 1211 xR-^^'' k ,r A•o5 ....e(..;:.9'.',.... t SUBJECT: _ . r .1-1/.1-1. 4 1. H` Startek(west) 1. '-" ""'- 244 Dundee Ave �7 µ ' #`'a CS is • - T 1 11'� °y �.FY 5 a , .......,- ,!, ! t � g r✓' ivA 5 .� i�j T t alt , , _�? 'Ei1 list , .t • .__ e ,''s _.,--""2:7414517'::*-- +' ,� .._s .�._. .. . T''�,3 k 5^3 �.�I to S ` '.� '� �. -J.i �' \ : i. I 4 ... tS1.'t: 1 I SS ₹ ....sY_ • F�.rrs"^ (� ₹ . •, 1.. `J ...I, ..t- rte[ ,,$j w' J I' •.y 57.E*.. t..' iyi*".4.' ,i,11'.. . . W,$tg7HyrY Map center 40 25'_36"'N, i04_47_40RW# http://geoware2:8080/imf-sdg2/imfMainMap.j sp?cmd=zoom&x 1=31963 86.19341789&y 1... 3/15/2011 COMPARATIVE SALES SUMMARY Real Property for the tax year 2008 must be valued utilizing data for the period one and one-half years immediately prior to July 1, 2006. If comparable valuation data is not available from such one and one-half year period to adequately determine the level of value for a class of property, pursuant 39-1-104 (10.2)(c) C.R.S, the Assessor may utilize sales five years prior to July 1, 2006 to establish the proper value. The Assessor has appropriately considered the Market Approach to value for the property on appea The Sales Comparison Approach was considered in developing a market value for the Subject. Sal( used to establish a market value for the tax year 2008 are from January 1, 2005 through June 30, 2006. All sales have been confirmed and verified through transfer declarations as well as interviews with buyers, sellers or their representatives to the sale. All sales used are arm's length transactions, and considered to be the most comparable properties sold in relationship to the Subject property. Based upon investigation and analysis, it is the opinion of the appraisers that the value of $4,878,830 accurately reflects the market value of the subject property. VALUE As INDICATED BY THE MARKET APPROACH $4,878,830 CBOE_COMM_0 P COMPARATIVE SALES APPROACH SALE # Subject 1 2 3 Comments Parcel # 095905104005 131326204002 131314301001 080722202001 Address 244 Dundee Ave 4040 Coriolis Wy 4001 Salazar 661 Innovation Cr Grantor FMC Tech SNKTW LLC Don Garner Grantee Carbon Valley First Indust. A Plus Invest. Sale Date 06/14/2005 01/11/2006 05/25/2006 Assessor's Value Sale Price $4,878,830 $3,000,000 $9,200,000 $975,000 Land Size 526,510 138,550 570,636 59,914 L/B Ratio 5.94 3.51 3.01 4.77 Bldg SF 88,706 39,426 189,776 12,556 Eff. age 1994/1998 1998 1999 2001 Use Office/WH/Manuf Light Manuf. Office/WH WH/Office Assessor's Value Sale PSF $55.00 $76.09 $48.47 $77.65 Comps Range: $48.48-77.65 Comps Avg: $67.40 Comps Median: $76.09 Value per Market Sales $55 x 88,706 sq ft = $4,878,830 CBOE_COMM_O P 115 0' Total Building Size 40,000.0' First Floor 25000 0' Second Floor 15000.0' „' x r.tatY •`-. Twn stmt'seclmn rTx;sg; v 77'F!4 'r.� 6Y is•v fib Art COMPARABLE SALE COUNTY: WELD ACCOUNT NUMBER: R6884897 PARCEL NUMBER: 131326204002 PRIMARY OCC: Indust Lght Manufacturing PERCENT: 100% SECONDARY OCC: PERCENT: THIRD OCC: PERCENT: ADDRESS: 4040 CORIOLIS WAY FREDERICK RECEPT NUMBER: 3297425 SALE DATE: 6/14/2005 GRANTOR: FMC TECHNOLOGIES INC SALE PRICE: $3,000,000 GRANTEE: CARBON VALLEY LLC ADJ SALE PRICE: $3,000,000 YEAR BUILT: 1998 CLASS: S EFFECTIVE AGE: LAND/BLDG RATIO: 3.51 LAND SIZE(SF): 138,550 LAND VALUE: $207,825 BLDG SIZE(SF): 39,426 IMPS PRICE/SF: $70.82 WALL HEIGHT: 12 SALE PRICE/SF: $76.09 STORIES: 2 INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM (YRS): ZONING: POINTS PAID: QUALITY: Average COMMENTS: Former industrial building converted to charter school. High bay area used as gymnasium and cafeteria. 458 3' m 70 o' 5 . m 188045 6 S.F. ry . .,. Office o _.. . w.+sr�, i "Er4 "trs .a.4i a.tDa-, 650' 70.0' Truck Wash 0 m m am i 523.3' COMPARABLE SALE COUNTY: WELD ACCOUNT NUMBER: R7433398 PARCEL NUMBER: 131314301001 PRIMARY OCC: Distribution Warehouse PERCENT: 90% SECONDARY OCC: Office Building PERCENT: 10% THIRD OCC: PERCENT: ADDRESS: 4001 SALAZAR WAY FREDERICK SALE NUMBER: 3355277 SALE DATE: 1/I 1/2006 GRANTOR: SNKTW LLC UT 62%INT& SALE PRICE: GRANTEE: $9,200.000 FIRST INDUSTRIAL LP ADJ SALE PRICE: $9,200,000 YEAR BUILT: 1999 CLASS: C EFFECTIVE AGE: LAND/BLDG RATIO: 3.01 LAND SIZE(SF): 570,636 LAND VALUE: $770,359 BLDG SIZE(SF): 189,776 IMPS PRICE/SF: $44.41 WALL HEIGHT: 31' & 16' SALE PRICEISF: $48.47 STORIES: I INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM (YRS): ZONING: POINTS PAID: QUALITY: Average COMMENTS: Building consists of office, warehouse, truck wash, and scale house. There is a 50 ton scale, dock high, and ground level overhead doors. 660 /20'WH ¢"•' 90 0 SF\.o • ¢ wn,p 1 Ewe k t�silea' fyr, S ,125560 S{{ flout2001 Cu1}��I kM4! t1 cross9154251<6° ..�- 71 k{OCrI^' illy Jll4III Y. .mot'- F, x '• — "- _ Mezzanine 50rce 1.4].050 g Once ]13).B SF 42 4 Y,tyF t sl§ _ Y4 9 COMPARABLE SALE COUNTY: WELD ACCOUNT R1226497 PARCEL NUMBER: 080722202001 PRIMARY OCC: Storage Warehouse PERCENT: 80% SECONDARY OCC: Industrial Interior Office PERCENT: 20% THIRD OCC: PERCENT: ADDRESS: 661 INNOVATION CIR WINDSOR RECEPT NUMBER: 3392197 SALE DATE: 5/25/2006 GRANTOR: GARNER DON SALE PRICE: $975,000 GRANTEE: A PLUS INVESTMENT SYSTEMS LLC ADJ SALE PRICE: YEAR BUILT: 2001 CLASS: S EFFECTIVE AGE: LAND/BLDG RATIO: 4.77 LAND SIZE(SF): 59,914 LAND VALUE: $89,571 BLDG SIZE (SF): 12,556 IMPS PRICEISF: $70.51 WALL HEIGHT: 23 SALE PRICEISF: $77.65 STORIES: I INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: WIN 1(L) LOAN TERM (YRS): ZONING: POINTS PAID: QUALITY: Average COMMENTS: WAREHOUSE 10,058 SF,OFFICE 2,498 SP. 2,498 SF OF MEZZANINE STORAGE OVER OFFICE AREA NOT INCLUDED IN BUILDING SIZE. Income Approach Startek West- 244 Dundee Ave 2008 Tax Year Potential Net Income 532236 88,706 sf x$6 (Warehouse lease range$4-9/Office lease range$8-12) total income 532236 Less total expenses (8%) 42579 less vacancy(15%) 79835 NOI 409822 Divided by cap rate Rounded 0.085 $4,821,435.29 Total Value $4,821,435.00 Square footage 88,706 $54.35 Value/SF CONCLUSION Real property for tax year 2008 must be valued utilizing the level of value for the period of one and one-half years immediately prior to July 1,2006. Except that, if comparable valuation data is not available from such one-and one-half-year period to adequately determine the level of value of a dal of property, the period of five years immediately prior to July 1, 2006 shall be utilized to determine th level of value. Said level of value shall be adjusted to the final day of the data gathering period. Changes occurring between base years are not to be accounted for until the following level of value implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, et( or creation of a condominium, or any new regulations restricting or increasing the use of the land, or combination thereof. {39-1-104(11)(b)(1) C. R .s.} The subject property has been classified as Commercial Property for assessment purposes. Commercial property value shall be determined by appropriate consideration of the Cost Approach, Market Approach, and Income Approach to value. {39-1-103(5)(a) C. R. S.} The Assessor has consider( all three approaches to value for the subject parcel on appeal. FINAL RECONCILIATION After consideration of the cost, market and income approaches, it is the Weld County Assessor's opinion that the value of $4,878,830 most accurately reflects the value of the subject property in We County for the 2008 tax year. COST APPROACH MARKET APPROACH INCOME APPROACH $5,117,237 $4,878,830 $4,821,435 ASSESSOR'S VALUE Improvements & Land $4,878,830 Total: $4,878,830 CBOE_COMM_D1 Pa PETITION FOR ABATEMENT OR REFUND OF TAXES County:Weld Date Receibetl //— O tlfse Asteaser,or'Commissioners'Date Stamp) Section I: Petitioner,please complete Section I only. 1. .i 2I J ' L-1 R E C E I V E D Date: 1/3/11 Month Day Year JAN 0 3 2011 Petitioner's Name:Startek,Inc STAR-WE-002 Petitioner's Mailing Address:44 Cook St,4th Flr WELD COUNTY ASSESSOR Denver,CO 80206 GREELEY, COLORADO City or Town State Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY R7083798 244 Dundee Petitioner states that the taxes assessed against the above property for property tax year(s) 2009 and 2010 are incorrect for the following reasons: (Briefly describe the circumstances surrounding the incorrect value or tax. Attach additional sheets if necessary.) Assessor's value does not reflect market value. Petitioner's estimate of value: $ 3,500,000 (2009 )and $3,500,000 ( 2010 ) Value Year Value Year Petitioner requests an abatement or refund of the appropriate taxes. I declare,under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits or statements,has been prepared or examined by me,and to the best of my knowledge,information and belief,is true,correct,and complete. Daytime Phone Number( 1 / Petitionervs S� dzie" By `6 Daytime Phone Number( � Z y Z O gent's Signature* tatter of agency must be attached when petition is submitted by an agent If the board of county commissioners,pursuant to section 39.10.114(1),or the property tax administrator, pursuant to section 39-2-116,denies the petition for refund or abatement of taxes in whole or In part,the petitioner may appeal to the board of assessment appeals pursuant to the provisions of section 39-2-125 within thirty days of the entry of any such decision,§39-10-114.5(1),C.R.S. Section II: Assessor's Recommendation (For Assessor's Use Only) Tax Year dell Tax Yearx O/ Actual Assessed Tax Actual Assessed Tax Original g 'Lc Lk /Y/t' -L' /o7,0'5-w b'7s' x'30 / '7/ 2 t) /07 ggYL6 Corrected , 17g,830 /.'fly, Yt,O' /G7,093-7i '71 18 83v /,`f/k/. b'LC' /07 hit•t'S Abate/Refund ❑Assessor recommends approval as outlined above. No protest was filed for the year(s): Or (If a protest was filed,please attach a copy of the NOD.) Assessor commends der/�ial for the f(lowing rea/s n'(s): / 'j�i,✓f credit 'AILa)�C/�'y' t') Le-it); OW" (6J Assessor or eputy sessors ame 15-DPT-AR No.920-66/06 FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund filed pursuant to section 39-10-114 shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor,as appropriate,within six months of the date of filing such petition,§39-1-113(1.7),C.R.S. Section in: Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to$1,000) The commissioners of County authorize the assessor by Resolution No. to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract,parcel,or lot of land or per schedule of personal property,in accordance with§39-1-113(1.5),C.R.S. The assessor and petitioner mutually agree to the values and tax abatementlrefund of: Tax Year Tax Year Actual Assessed Tax Actual Assessed Tax Original Corrected Abate/Refund Note:The total tax amount does not include accrued interest,penalties,and fees associated with late and/or delinquent tax payments,if applicable. Please contact the county treasurer for full payment information. Petitioners Signature Date Assessors or Deputy Assessors Signature Date Section IV: Decision of the County Commissioners (Must be completed if Section III does not apply) WHEREAS,The County Commissioners of County,State of Colorado,at a duly and lawfully called regular meeting held on / / ,at which meeting there were present the following members: Month Day Year with notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and Assessor (being present--not present)and Name petitioner (being present--not present),and WHEREAS,The said Name County Commissioners have carefully considered the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,That the Board(agrees—does not agree)with the recommendation of the assessor and the petition be(approved--approved in part--denied)with an abatement/refund as follows: Year Assessed Value Taxes Abate/Refund Year Assessed Value Taxes Abate/Refund Chairperson of the Board of County Commissioners'Signature I, County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementioned county,do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners. IN WITNESS WHEREOF,I have hereunto set my hand and affixed the seal of said County this day of Month Year County Clerk's or Deputy County Clerk's Signature Note: Abatements greater than$1,000 per schedule,per year,must be submitted in duplicate to the Property Tax Administrator for review. Section V: Action of the Property Tax Administrator (For all abatements greater than$1,000) The action of the Board of County Commissioners,relative to the within petition,is hereby ❑Approved ❑Approved in part$ ❑Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature Date 15-OPT-AR No.920-66/06 APPOINTMENT OF AGENT akr 11'2©)D DATE TO WHOM IT MAY CONCERN: AGENT: Consultus Asset Valuation, Inc. 68 Inverness Lane East#205 Englewood, CO 80112 Fax: (303)770-2430 Phone: (303) 770-2420 Consultus Asset Valuation, Inc. is authorized to represent StarTek. Inc., et al in property tax valuation matters for the years 2008 through 2014. Please contact Consultus regarding all property tax issues. The properties are indicated below: COUNTY PROPERTY SCHEDULE NO. ADDRESS CO Greeley Nortfi Q [25° $'j' co Greeley Wesi ?a8- �u 2�'('PCn1T1e.. R�1 cot r'r0 erG' _cntoG Kingstoni 'yo�t,c4DC}oc�8ot= t la r. .t L ;7 '5t�erjWY Lafamle - _ 9 �'-ItdV�yZ Crr$gd,OK Enid�O SL $3D oc�0-Z`3 oZfa-D=^ ,I rb tlb C+ c�D�� 1-lQ tii�} Co7hnsu lle v'P ZC6Yy Z _Cr3Q� h�p0 vitgr is e1V Mesa,CO Grand.Uuncbon Qb ta+{kpp<VataggpZ 'i4Parr aE J -(D R5t1t .r q_ tO&3fla Employer ID#or Social Security Number (Signature) A p Date t Printed Name ` 1/41(ula- T\ . CinU'r'J-, Tide Dirt Pryeslde:rf - Coro5ra-it I- Company Name S-hwY6-0.-K,t&JC- Phone No. 300 - 2(4Z —q f 4t aoi Subscribed and sworn before me this )Cfday of Oc.,,t7 bee 200_. My commission expires 4/&5 IJo)( . Pe. /4167-)N r1 Notary Pu STAR-owned , u : . t G k s he S-V,' r tz- Rrfpft:f%•,2 • •i S • l 1.1 r W O CJ N g `;15 N . • O/W N CO a0 o ,co a bg '/ o CO J Zt- p cL On U 1 O V d�LL 4- v0 D mcoU dmLL rn N N w N O C 0 m N V) U 1 nommapinem N -6 c N Q m >R co o m m up(/) w a a U N U U m O z O VD o _J — 07 m CO Z ? L/14-; W mssao O J C h- U a D t U Y 5. N ^J a x ru D v U m v L COJ -6 N VJ a a `n O v ESIIIIIIIIMIIIMMI ID Z 7 > Q1 0_ l7 ,. P- O w U ` Z I I 03/15/2011 Attn: Chris Woodruff RE: 2009 & 2010 Abatement received 01/03/11 Startek, Inc. (west location) 244 Dundee Ave Greeley, CO 2009&2010 Assessors Value$4,878,830 SUBJECT: The subject property is a commercial property with Office/Warehouse/Light Industrial Manufacturing occupancy located in west Greeley near Boomerang Golf Course on the northwest corner of 4th Street and 71"Avenue. The subject was built in 1994 and is considered to be in average condition for its age and use. The building is owner occupied by Startek, Inc. and housed the company's call center, assembly/distribution area, and warehouse. Consultus Asset Valuation, Inc. is representing the petitioner and has requested a reduction in value from $4,878,830 to $3,500,000 for tax years 2009 and 2010. Cost Approach: The subject is valued based on its actual age at$5,117,237. Market Approach: The subject is valued at$55/sf for the 2009 and 2010 assessment period. Sales of similar occupancies with a mix of Office/Warehouse/Light manufacturing revealed a range of sales from $48.47 -$82.24/sf. Due to the office portion of the subject having minimal partitioning for its call center, a market value of $55/sf was selected. This yielded a market value of$4,878,830. Income Approach: After multiple requests,the owner/petitioner did not respond to requests for their actual income. Typical lease rates during the assessment period for Office occupancy ranged from $8-$12/sf. For Warehouse occupancy the range was$4-$9. As the subject has less than 20%Office occupancy, $6/sf was selected as the potential lease rate. Capitalization and vacancy rates were also selected weighing the percentage of Office/Warehouse/Manufacturing occupancy. After giving the subject typical expenses, the value produced by the Income Approach was$4,884,047. Summary: Each of the approaches above support the value of the Assessor's Office, therefore, I would recommend a denial of the petitioner's request for abatement. Weld Count CHRISTOPHER WOODRUFF, COUNTY ASSESSOI BRENDA DONES, DEPUTY ASSESSO VALUATION REPORT OF COMMERCIAL PROPERTY FOR County Board of Equalization STARTEK, INC. PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 095905104005 Schedule Number: R7083798 Log Number: Date: Time: Board: PREPARED BY NOEL LAWRENCE 03/07/2011 Signature Date ASSESSOR'S OFFICE STAFF APPRAISER ASSESSOR'S VALUE Improvements $4,202,791 Land $679,039 Total: $4,878,830 CBOE_COMM_O P SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value for tax years 2009 and 2010 as of 1/1/09 based on an appraisal date of 6/30/08. Property Rights Appraised Unencumbered fee simple interest. Location 244 Dundee Ave Greeley Land Area 12.087 Acres / 526,510 SF Property Type Commercial Office Building/Warehouse/Manufacturing Year Built 1994/1998 Year Remodeled n/a Quality Average Class Masonry Number of Stories 1 Improvement Sq. Ft. 88,706 Value Indications: Cost Approach $5,117,237 Market Approach $4,878,830 Income Approach $ Assessor's Value $4,878,830 CBOE_COMM_01 P. LAND VALUE Sales utilized to establish the value in the subject neighborhood are from 2007 and the first six months of 2008 for the 2009 and 2010 assessment date. The comparative sales approach is the most reliable method of land valuation. Pursuant to 39-104-(10.2) (c) C. R. S., the Assessor may utilize sales from July 2003 through June of 2008 to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Weld County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developing value. The land size of the subject is 526,510 (rounded) square feet. Comparable commercial land in the subject area is valued at $1.28 per square foot or $55,931 per acre. Parcel Number Sale Date Sale Price Land Size Per Sq Ft Comparable 1 095708401012 10/12/07 $1,984,800 720,883 2.75 Comparable 2 095924419002 11/28/07 $2,858,700 1,143,480 2.50 Comparable 3 080729000045 03/23/07 $265,000 435,600 .61 Comparable 4 095714202004 01/04/07 $270,631 102,125 2.65 ASSESSOR'S SUBJECT LAND VALUE $676,039 CBOE_COMM_0' P, .rr ` 1 2 { Lis: 44. ,'Vtj 80.0 1\N Y . _ x3 .n r "^ y, ""�' . "art a v y=£�4'm x s 'i ty .lsi y a'= r .ry � tu5 a.. .. CBOE_COMM_0' P. 110.0' 25.011 ' I 45.0' 180.0' 11W ' I iff IINI ■ r i YY�YI ut 20.0' 65A Truck Well WAREHOUSE AREA 32320.0 sf 2020' 21n Truck Well 65.0' 280.0' 150.0' MANFACTURINO 150.0' 42,000 sf. 50.0' 38.0' 292.0' OFFICES 50.0' 14,440 sf. 50.0' 4,0' 4.0' Sketch by 1pex IVUOodows"" 182.0' 40.0' 70 0' C BO E_C OMM_01 PE Page lofl a 4+ •i's EP? •:". i 0."'1 4x/ 1-.w� -t. : y 116.111: 74.3:: rl T 1 2. a 1 � aid I 1 n KYY,:l A, .: ,• i ! .w. .a Sly ' 7 _ ..t w'u...a.�t........«-_.^.......... 1 1 .�•• � ��"``'m' ya 2W 7Rx �� 015 —1.--.1( , ...�.._, f s i.4 Nn. u i,{• i-. tom-' sW 'ail E+I ,,ti t �i";'>; -, i-r......_.! R� ,y � �.. .. S•S 4-:4,),c,-4.13ri w. 4 K}'. 2 2 .7.1 'YYLZJ u 1 _ + f z I } ,,,_y ! , r f",".•4F N. .. !it' d ' _.41-4A, ,. ... ` 3"""°r 411 gee; S7 %s r:- GR1221Y R. S, t.n5 .^.1 i - 1 1 ^)? t- :a` 1 [j�1 l ((��,�__x}rj`oi. f' 4a.. _. �.. ; .»x. SUBJECT: — mss irtt L1, 3...q s',, g;y Startek(west) co L,. a t '". 244 Dundee Ave I ) f 1 rte" k I, �! sa . E "' . • .f¢... • t{ St.y k. 1 i I ??4‘,4s h `i vtiR `.' I- - L..cec Fya. 4 ,1 �I11 "I i i 51. d- F � p ii iu t e � � , ; 4 F • ,..y .I; Ia.p.r t. ₹ � A II L M 9•sh ,�ttu` I�ax nii 1.4b�.-Ap .` ^ ;' ---•w. x``'W16TH ST Map canter.40 25 36"N, 10447'40"WJ http://geoware2:8080/imf-sdg2/imfMainMap.j sp?cmd=zoom&x 1=31963 86.19341789&y 1... 3/15/2011 COMPARATIVE SALES SUMMARY Real Property for the tax year 2009 and 2010 must be valued utilizing data for the period one and one-half years immediately prior to July 1, 2008. If comparable valuation data is not available from such one and one-half year period to adequately determine the level of value for a class of property, pursuant to 39-1-104 (10.2)(c) C.R.S, the Assessor may utilize sales five years prior to July 1, 2008 1 establish the proper value. The Assessor has appropriately considered the Market Approach to value for the property on appea The Sales Comparison Approach was considered in developing a market value for the Subject. Sal( used to establish a market value for the tax year 2009 and 2010 are from January 1, 2007 through June 30, 2008. All sales have been confirmed and verified through transfer declarations as well as interviews with buyers, sellers or their representatives to the sale. All sales used are arm's length transactions, and considered to be the most comparable properties sold in relationship to the Subjec property. Based upon investigation and analysis, it is the opinion of the appraisers that the value of $4,878,830 accurately reflects the market value of the subject property. VALUE As INDICATED BY THE MARKET APPROACH $ 4,878,830 CBOE_COMM_O COMPARATIVE SALES APPROACH SALE # Subject 1 2 3 Comments Parcel # 095905104005 080722303003 131314301001 096130107005 Address 244 Dundee Ave 701 Automation 4001 Salazar 3812 Carson St. Grantor 701 Automation SNKTW LLC D. Wernsman Grantee Windsor Auto. 1s` Industrial Lp Star Enterprises Sale Date 05/08/2008 01/11/2006 05/09/2008 Assessor's Value Sale Price $4,878,830 $2,200,000 $9,200,000 $800,000 Land Size 526,510 95,099 570,636 99,143 L/B Ratio 5.94 3.56 3.01 7.47 Bldg SF 88,706 26,750 189,776 13,268 Eff. age 1998 1996 1999 1995 Use Off/WH/Manuf. Office/Manuf Office/WH Office/WH Assessor's Value Sale PSF $55.00 $82.24 $48.47 $60.29 Comps Range: $48.47-82.24 Comps Avg: $63.67 Comps Median: $60.29 Value per Market Sales $55 x 88,706 sq ft = $4,878,830 COOE_COMM_O P 2050' 0—__ 1100' 550 iplai nup0in __--fl nppg _ }6)SO spO _ ManuldtWnnA 8 MaZ7nng 3 uJl� 6 Iipbscfi PEtl11an I 500 220 we n¢0,. BUBIn A05 as0aosc — rn.p pavane rwle}MBaew „ eplry sm noo '� cpp,l.m eammelm 09/16/2008 )52 COMPARABLE SALE COUNTY: WELD ACCOUNT R1227597 PARCEL NUMBER: 080722303003 PRIMARY OCC: Indust Lght Manufacturing PERCENT: 100% SECONDARY OCC: PERCENT: THIRD OCC: PERCENT: ADDRESS: 701 AUTOMATION DR WINDSOR RECEPT NUMBER: 3553342 SALE DATE: 5/8/2008 GRANTOR: 701 AUTOMATION LLC SALE PRICE: $2,200,000 GRANTEE: WINDSOR AUTOMATION LLC ADJ SALE PRICE: YEAR BUILT: 1996/2005 CLASS: S EFFECTIVE AGE: LAND/BLDG RATIO: 3.56 LAND SIZE(SF): 95,099 LAND VALUE: $416,058 BLDG SIZE (SF): 26,750 IMPS PRICE/SF: $66.68 WALL HEIGHT: 20 SALE PRICE/SF: $82.24 STORIES: I INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM (YRS): ZONING: POINTS PAID: QUALITY: Average COMMENTS: Manufacturing area 19,250 SF, first&second floor office area 7,500 SF.Confirmed sale with Mike Sampson. 458 3' of v 70.0' 1980456S F. ^' 4yif X41 .a,`a t • �, t t Office __.. _. . 850, 70.0 Truck Was C ICI 5233' COMPARABLE SALE COUNTY: WELD ACCOUNT NUMBER: R7433398 PARCEL NUMBER: 131314301001 PRIMARY OCC: Distribution Warehouse PERCENT: 90% SECONDARY OCC: Office Building PERCENT: 10% THIRD OCC: PERCENT: ADDRESS: 4001 SALAZAR WAY FREDERICK RECEPT NUMBER: 3355277 SALE DATE: 1/11/2006 GRANTOR: SNKTW LLC UND 62%INT& SALE PRICE: $9,200,000 GRANTEE: FIRST INDUSTRIAL LP ADJ SALE PRICE: $9,200,000 YEAR BUILT: 1999 CLASS: C EFFECTIVE AGE: LAND/BLDG RATIO: 3.01 LAND SIZE (SF): 570,636 LAND VALUE: $770,359 BLDG SIZE (SF): 189,776 IMPS PRICE/SF: $44.41 WALL HEIGHT: 31' & 16' SALE PRICE/SF: $48.47 STORIES: I INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM (YRS): ZONING: POINTS PAID: QUALITY: Average COMMENTS: Building consists of office, warehouse, truck wash, and scale house. There is a 50 ton scale, dock high, and ground level overhead doors. 441 ti p =np Yµ' £ q 110 4444 ; y00' m]' i.K >>ce. S *µfit; ytt '4 BOOsp.A x 8 j}c - x'.:.I Storagewarenouse .Ce t iu :y'..vtt v y x• 4' G954 IIOOfen eBN 1935 — che.5 cnvmeu 600' Sp,u Nen 6m pm WO ToWSO IOGR.OSp41 I yam, • � .v,T,rt yt *i .�W.S:rN k _ 660952 A 1240' 65'11 onto 160 4O mmmm�m�mm ifireitall k t o ,.. 51to4to,.W„ ER2006 Class S P3hHM nsn 80.0' q 12000 sq.A. L COMPARABLE SALE COUNTY: WELD ACCOUNT R3989186 PARCEL NUMBER: 096130107005 PRIMARY OCC: Storage Warehouse PERCENT: 100% SECONDARY OCC: PERCENT: ADDRESS: 3812 CARSON ST, EVANS RECEPT NUMBER: 3553838 SALE DATE: 5/9/2008 GRANTOR: WERNSMAN DENNIS L SALE PRICE: $800,000 GRANTEE: STAR ENTERPRISES LLC ADJ SALE PRICE: YEAR BUILT: 1995 CLASS: S EFFECTIVE AGE: LAND/BLDG RATIO: 7.47 LAND SIZE (SF): 99,143 LAND VALUE: $188,371 BLDG SIZE(SF): 13,268 IMPS PRICE/SF: $46.09 WALL HEIGHT: 16 SALE PRICE/SF: $60.29 STORIES: 2 INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM (YRS): ZONING: POINTS PAID: QUALITY: Good COMMENTS: The subject has two buildings. Bldg 41 is a 10,068 sq ft stor.whse with a 20%office area.Bldg#2 is a. 3,200 sq ft stor/whse. The seller leased back bldg#2(the 3,200 sq ft storage warehouse)after the sale. The seller also carried back a second mortgage for$291,000. Income Approach Startek West- 244 Dundee Ave 2009 and 2010 Tax Year Potential Net Income 532236 88,706 sf x$6 (Warehouse lease range$4-9/Office lease range$8-12) total income 532236 Less total expenses (8%) 42579 less vacancy (14%) 74513 NOI 415144 Divided by cap rate Rounded 0.085 $4,884,047.06 Total Value $4,884,047.00 Square footage 88,706 $55.06 Value/SF CONCLUSION Real property for tax year 2009 and 2010 must be valued utilizing the level of value for the period of one and one-half years immediately prior to July 1,2008. Except that, if comparable valuation data is not available from such one-and one-half-year period to adequately determine the level of value of a class of property, the period of five years immediately prior to July 1, 2008 shall be utilized to determine the level of value. Said level of value shall be adjusted to the final day of the data gathering period. Changes occurring between base years are not to be accounted for until the following level of value is implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, etc., or creation of a condominium, or any new regulations restricting or increasing the use of the land, or a combination thereof. {39-1-104(11)(b)(1) C. R .S.} The subject property has been classified as Commercial Property for assessment purposes. Commercial property value shall be determined by appropriate consideration of the Cost Approach, Market Approach, and Income Approach to value. {39-1-103(5)(a) C. R. S.} The Assessor has consider€ all three approaches to value for the subject parcel on appeal. FINAL RECONCILIATION After consideration of the cost, market and income approaches, it is the Weld County Assessor's opinion that the value of $4,878,830 most accurately reflects the value of the subject property in Wel County for the 2009 and 2010 tax year. COST APPROACH MARKET APPROACH INCOME APPROACH $5,117,237 $4,878,830 $4,884,047 ASSESSOR'S VALUE Improvements & Land $4,878,830 Total: $4,878,830 CBOE_COMM_O1C Pac CLERK TO THE BOARD PHONE: (970) 336-7215, EXT. 4226 1 8 6 1 - 2 0 1 1 FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 WELD__-C OUNTY March 21, 2011 STARTEK INC 44 COOK ST 4TH FLR DENVER CO 80206 RE: SCHEDULE NUMBER R6777530 and R7083798 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: 1250 H Street and 244 Dundee, Greeley, CO. The meeting is scheduled for April 18, 2011, at 9:00 a.m., in the First Floor Meeting Room, Weld County Centennial Center, 915 10th Street, Greeley, Colorado. The Assessor is recommending that the Board deny your petitions. You are not required to be present at this hearing; however, this is your opportunity to have your position heard, especially if your position is opposed to the Assessor's recommendation. If you intend to submit any documentation in support of your position for this hearing, all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearing. If you have any questions concerning this matter, please do not hesitate to contact me at (970) 336-7215, Extension 4226. Sincerely, J� Tonya Disney Deputy Clerk to the Board cc: Assessor CONSULTUS ASSET VALUATION INC 68 INVERNESS LANE EAST#205 ENGLEWOOD CO 80112 2011-1001 CLERK TO THE BOARD PHONE: (970) 336-7215, Ext. 4225 5 1 8 6 1 - 2 0 1 I 915 1 OTH STREET P.O. BOX 758 GREELEY, COLORADO 80632 jELD.___,000NTY May 5, 2011 STARTEK INC 44 COOK ST 4TH FL DENVER CO 80206 RE: SCHEDULE NUMBER R6777530 and R7083798 Dear Property Owner: On April 18, 2011, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and denied same. Pursuant to Section 39-2-125(f), C.R.S., you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from: Board of Assessment Appeals, Department of Local Affairs, 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 In preparation for appealing to the State Board of Assessment Appeals you may also go to the following state link to obtain any further information you may need to proceed, http://www.dola.state.co.us/baa/index.htm Very truly yours, Tony 6sney Deputy Clerk to the Board cc: Assessor CONSULTUS ASSET VALUATION INC 68 INVERNESS LANE EAST#205 ENGLEWOOD CO 80112 Hello