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Home My WebLink About20111619.tiff RESOLUTION RE: DENY PETITION FOR ABATEMENT OR REFUND OF TAXES - SHARON MORRISON TRUST 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 11th day of July, 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, Sharon Morrison Trust, not being present or represented, and WHEREAS, the Board of County Commissioners has carefully considered the attached petition, 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 2009 $0.00 $0.00 2010 QL . PtSR , 2011-1619 1 - AS0078 TAX ABATEMENT PETITION - SHARON MORRISON TRUST PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 11th day of July, A.D., 2011. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO I� E ATTEST: �Ir it '. % - L ta- arbara Kirkmeyer,Chair Weld County Clerk to the (` • Qom. NEW; 9EW p� earl, C ay, Pro-Tee Deputy Clerk to the Board Will rc?APPROVED AS TO FORM: Ceti��ffll id E. Long " ?9 �, , ° �, .f c; da�( 45 .County Attorney � -Maar Douglas demacher Date of signature: 7/I' // 2011-1619 AS0078 PETITION FOR ABATEMENT OR REFUND OF TAXES j/'�� County: Weld Date Received 9v//e 05/ (Use Assessor's or Commissioners'Date Stamp) Section I: Petitioner,please complete Section I only. Date: April 6 2011 Month Day Year Petitioner's Name: Morrison Sharon C Trust L 1r '�•' 'i1 F.: MAY 0 2 2011 Petitioner's Mailing Address: 712 South Pearl St. Denver CO n Ct71 awn'ASSESSOR City or Town State aGREELEY, COLORADO SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY R8124099 5186 Longs Peak Rd. Petitioner requests an abatement or refund of the appropriate taxes and 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 why the taxes have been levied erroneously or illegally,whether due to erroneous valuation,irregularity in levying,clencal error or overvaluation. Attach additional sheets if necessary.) Property is overvalued. See attached"Appeal of Real Property Valuation". Petitioner's estimate of value: $1,777,400 (2009 )and $1.777,400 (2010 ) Value Year Value Year 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) Signature By 2 Daytime Phone Number f 303 )368-0500 rvtAp.ms C f'ffOUC *Letter of agency must attached whertpe°non Is submitted by an agent. If the Board of County Commissioners,pursuant to§39-10-114(1),C.R.S.,or the Property Tax Administrator,pursuant to¢39-2-116,C.R.S., 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§39-2-125,C.R.S.,within thirty days of the entry of any such decision,§39-10114.5(1),C.R.S. Section II: Assessor's Recommendation (For Assessor's Use Only) C9 Tax Year 200? Tax year zO�O eatial ansti .Q Iss AdmitAssessed Ina original j 2n4a2 443.32'' ,5' ..°1514.1,1 2, 2 r a7 40 7z6: ' 2 Corrected SGOt' jq.q . -S9,0i< <Sh"r c Jtt Sc.,"c Abate/Refund `'f` ❑Assessor recommends approval as outlined above. If the request for abatement is based upon the grounds of overvaluation,no abatement or refund of taxes shall be made if an objection or protest to such valuation has been filed and a Notice of Determination has been mailed to the taxpayer,§39-10-114(1)(a)(I)(D),G.R.S. Tax year. Protest? 6 No O Yes (If a protest was flied,please attach a copy of the NOD.) Tax year. Protest? No ❑Yes (If a protest was filed,please attach a copy of the NOD.) ]Assessor recommends denial for the following reason(s): 2011-1619 & /Sc e` r- Set/- 17;Y r C)(-„1;/ f- ,.:,ray¢" �c,rcl�r /r! c Assessor's or s re 15-DPT-AR No.920-66/11 • FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III 2 Section IV must be completed) • Every petition for abatement or refund filed pursuant to (39-10-114,C.R.S.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$10,000) 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$10,000 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 Ac ual Assessed Tex Actual Assessed Tiyx 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 Assessor's or Deputy Assessor's 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 Petitioner 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$10,000 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$10,000) The action of the Board of County Commissioners, relative to this abatement petition, is hereby ❑Approved ❑Approved in part$ ❑Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature Date 15-DPT-AR No.920-66/11 .MAR-22-2011 03 :41 PM UNITED MGT 303 779 9947 P. 03 Property Tax Advisors,Inc. (303)368-0500 3090 S.Jamaica Ct.,Suite 204 FAX(303)368.0573 Aurora,Colorado 80014 CONSULTANT - AGENCY AGREEMENT a Corporation Property Owner: Morrison Sharon C Trust a Partnership as Individuals County: Weld -'r— a Trust P.I.N. Property Address R8124099 5186 Longs Peak Rd. The undersigned hereby appoints and authorizes Property Tax Advisors, Inc.as its Agent and Consultant in the preparation and execution of a real estate valuation appeal(s) on behalf of the undersigned in regard to the above enumerated property(ies)for the assessment year(s)2011.2012 and for the prior two years. The undersigned further authorizes Property Tax Advisors,Inc.,as Agent of the undersigned,to execute and cause to be filed on behalf of the undersigned.in the name of the undersigned,any and all documents relating to an appeal of the subject property's(ies')valuation(s). This agreement is executed this vi JI C1• day of I (..1L �� 20 BY: Print Name: 8 ( /11 l r � � Title: OWN( (If Corporation,your title: (or) Owner, General Partner, Telephone No.: — 77 112 3 6 Lessee,Power of Attorney,Trustee.etc.) FaxNo.: 8 - 77`i (i�V2 Rev. 12/10 Agent: PROPERTY TAX ADVISORS, INC. 3090 South Jamaica Court, Suite 204 Aurora, Colorado 80014 TEL: (303)368-0500; FAX: (303)368-0573 Petition To: BOARD OF COUNTY COMMISSIONERS Subject: APPEAL OF REAL PROPERTY VALUATION Tax Year: 2009 & 2010 County: Weld Schedule Number: R8124099 PTA# 3708E Property Address: 5186 Longs Peak Rd. Property Owner: Morrison Sharon C Trust Inclusions: X Photograph(s) of Subject Property Correlation and Conclusions X Income Approach X Market Sales Cost Approach X Salient Facts Report Date: 4/5/11 Effective Date: 6/30/08 PETITIONER'S FINAL ESTIMATE OF VALUE: $1,777,400 Value per Square Foot: $69.87 ASSESSOR'S VALUE: $2,289,600 Value per Square Foot: $90.00 Site Size 87,579 s.f. YOC 2001 Effective Bldg. Age (yrs) 15 Gross Building Area 25,440 s.f. Remaining Econ. Life (yrs) 25 Land to Bldg. Ratio 3.4 :1 Zoning Ind. Construction Metal Use: Warehouse SUBJECT PROPERTY a x1 c t'74 t"' �'. I1- r{ in m 0 42. tw FF e x Yx i' a N e ,{ • 1......i ""U° .,� t. 7 rz � t t"' ., f . Eti;!i 4,fs pwp� � Y₹ rR pR 1r k.� e a � *k II i A Fs il' E i�y�1�R - .-C 1, .F ea . 6„ Property Address: 5186 Longs Peak Rd. PTA# 3708E SALIENT FACTS The Subject property was purchased for $2,235,000 on 8/07; however, the income approach and the market sales do not appear to support the purchase price. Rental Rate: $0.00 /sf Source: Owner provided income and expense Factors Affecting Rental Rate: 0 sf x $0.00 /sf= $0 0 sf x $0.00 /sf= $0 0 sf x $0.00 /sf= $0 Potential Gross Income $ 192,516 Source: Annualized 2007 and 2008 Actual Income Occupancy Rate X 0.95 Effective Gross Income $ 182,890 Source: Annualized 2007 and 2008 Actual Expense Expenses - 40,693 (R.E.Taxes&Dep. Excluded) Net Operating Income $ 142,197 Source: Cap Rate 8.00% Capitalization Rate - 0.0800 *ETR 0.0000% Overall Rate 8.0000% VALUE BY INCOME APPROACH $ 1,777,465 Mill Levy 0 Say $ 1,777,400 Assessment Rate 0.29 'ETR 0.0000 Revenue: 2007 2008 $ 192,516 Total: $ - $ 192,516 2007 2008 Expenses: Total $40,693 Total: $0 $40,693 • 15 NM M m'.Nw r i I i f a i p <N hs fP-Dt2 V4 k C I I (\V4.� i. 6 MM 2°' IQ �I III O li N N N N N I .rrI j 'r \' - Ti ti § I 42.•fr N N 'I a C 8 :rt 4a' ;tat If lot§ E 1E OYIPN �CNl�1 If N mil(^,N 0 r n. N. N VN -0, m. ice) ) c f •� {6 LdS 0 Ti ~ N N P O N P N Y1. fY �D O P N N if r ♦ Q IS v V 1 Y ry ry. Q. . . . NiN 19 J O 4 app. (QYf n ( Ti...._______ pg to��((y� 4- 4"1,1 m fa! CO N (O Qf� MN N N N .0111N. 111 N (91�2p .�N. � .O. OI tO r O . 21.;it]W 'Ia O" 'r M NIN V'Q 'NW m m $' k la 0 A' No N N 0 Y C 1,OI 31 1 `>` a 61 '1eGq 1z� yW� W _ -� 8U t UN 5 C Z'J1[ �ee'� @ o difi Lu S map N til, c,�ffip J =`are WWilt' 5,11 0 JW W3 �0_, H 1- a H 5 H 0 I- a £0 'd 1466 641 £02 1DW Q31IN11 WV 9T : 0T TTOZ-4Z-aow j > r,N Na N C, �Vi � Yr ^,moo p a ry f[J NI IN'I T r I:roa _ - _ py Nla 7111n b G I I ' I I I I IM1 Evil NoJ • I rt Xi N ..xs. R R III NlN i N m 8 F b p ali N 7 IN Wl� I .+t I co m VI m -Aj$ N � � r i- co E1g - - gI a te C os 4 . -.- cS i N:r �.F IF IN 'N Vi R] N I 41$ IS 1 i' : .- m. N r t- r �i WI 4 M1- Ti e N 4 I . I N 2 9 Ili 3 Ci 2W U' y la x glz i ,‘ nc to it EA w � � m H Mau'- ` °aj � c ijd o W�i)y 0 oc3o o z b0 'd Lt66 6LL 20£ LOW aaliNn WtJ 9T = 0T TTOZ-4Z-dOW Market Sales '3026 4th Ave Greeley,CO 80631 Class B Industrial Building of 26,878 SF Sold on 06/29/2007 for $1,950,000-Research Complete buyer. J xis Frac Tech Services Ltd ' "sr$�° -, ' -i -y ttAkt'°' '3 4150 International Plz v. ; War, • Fort Worth,TX 76109 b •.* . (817)850-1008 t. '7' N 3.4 seller m Gary G Glick .....- Y"s4,. , 341 � 3� is' �a. 2801 Middlesborough Ct t - > sit . fit 4334 Fort Collins,CO 80525 •'.;'' lr -AA; a..r r1.. t 91-33,3t:133-3,;:',3313!3tt ii'x'r;r ,1/2 - yr` (970)223-0619 ''.."v P r ...a ss#Add3113,.is vital data Escrow/Contract: 60 days Sale Price: $1,950,000 Sale Date: 06/29/2007 Status: Confirmed Days on Market: 413 days Building SF: 26,878 SF Exchange: No Price/SF: $72.55 Conditions: - Pro Forma Cap Rate: - Land Area SF: 155,074 Actual Cap Rate: - Acres: 3.56 Down Pmnt: - $/SF Land Gross: $12.57 Pd Down: - Year Built,Age: 1980 Age:27 Doc No: 3487670 Parking Spaces: 70 Trans Tax: $195 Parking Ratio: 4.28/1000 SF Corner: No FAR: 0.17 Zoning: I-M Lot Dimensions: - Percent Improved: 87.2% Frontage: - Submarket: Weld County Ind Tenancy: Multi Map Page: - Comp ID: 1344829 Parcel No: 096120101008 Property Type: Industrial income expense data - -. listing broker FTC Realty 2278 Iroquls Dr Fort Collins,CO 80525 (970)227-9230 Thomas Coll buyer broker Mike Martin Real Estate 260 E Horsetooth Rd Fort Collins,CO 80525 (970)226-1614 Mike Martin 1 financing . i This copyrighted report centers research licensed to Property Tax Advisors.Inc.-8255. 4/4/2011 eaaaeat�`TAI ADYI W _.__.._......_.., _...,.... Page 1 701 Automation Dr • Windsor,CO 80550 Class B Warehouse Building of 26,750 SF Sold on 05108/2008 for 82,200,000-Research Complete buyer -.---- - — ------- David Diehl c/o David Diehl �, t z .r 148 Remington St a�t. a ft rF, a�f Fort Collins,CO 80524 ' (970)225-8109 , i° "" ° �"- 4qr "'rr: �Z x b ,ii+ .! seller • k DRM Real Estate Advisors "y'� .. "*--; c/o Chris Ruff 624 Main St • Windsor,CO 80550 t'eSt3�x (970)267-2900 vital data Escrow/Contract: 60 days Sale Price: $2,200,000 Sale Date: 05/08/2008 Status: Confirmed Days on Market: 78 days Building SF: 26,750 SF Exchange: No Price/SF: $82.24 Conditions: Investment Triple Net Pct Office: 29.9 Land Area SF: 94,961 Pro Forma Cap Rate: 8.6% Acres: 2.18 Actual Cap Rate: 8.2% $/SF Land Gross: $23.17 Down Pmnt: $2,200,000.00 Year Built,Age: 1996 Age:12 Pct Down: 100.0% Parking Spaces: 9 Doc No: 3553342 Parking Ratio: - Trans Tax: - FAR: 0.28 Corner: No Lot Dimensions: - Zoning: IL,Windsor Frontage: - No Tenants: 1 Tenancy: Multi PercentImproved: 74.0% Comp ID: 1530315 Submarket: Weld County Intl Map Page: - Parcel No: 080722303003 Property Type: Industrial income expense data - listing broker. Net Income Debt Service Net Operating Income $189,060 Realtec Commercial Real Estate Services - 255E Monroe Dr -Capital Expenditure Fort Collins,CO 80525 (970)229-9900 Cash Flow $189,060 Michael Ehler buyer broker Brinkman Partners 3003 E Harmony Rd Fort Collins,CO 80528 (970)206-4500 Joshua Guernsey financing This mpynghte0 report contans researm licensed to Roperty !it'll!!tAl AO!IS Tax AtlNsors,Inc.-8255 ,_... ..,., . 4/4/2011 QAS _.__ ....... ..._.... Page 2 736 Baseline PI Brighton,CO 80603 x, �, e '(?m ./ Class C Warehouse Building of 15,200 SF Sold on 02123/2007 for$1,050,000•Research Complete buyer. Vecchiarelli Holdings LLC waa' . ' g r€�j' c/o Edward Vecchiarelli t,' '" -� i3 736 Baseline PI - - & , Lifa Igo IFJ0.441 t2exa r-¢q r Brighton,CO 80601 • y, (720)685-7778 St ° ,ry 'a. seller M.A.J.K.LLC •..._ z : ,0 • c/o Katherine Fels Y f 15351 Riverdale Rd Brighton,CO 80601 (303)654-1522 vital data • Escrow/Contract: - Sale Price: $1,050,000 Sale Date: 02/23/2007 Status: Full Value Days on Market: - Building SF: 15,200 SF Exchange: No Price/SF: $69.08 Conditions: - Pro Forma Cap Rate: - Land Area SF: 64,469 Actual Cap Rate: - Acres: 1.48 Down Pmnt: $262,500.00 $/SF Land Gross: $16.29 Pd Down: 25.0% Year Built,Age: 2000 Age:7 Doc No: 3458140 Parking Spaces: 35 Trans Tax: - Parking Ratio: - Corner: No FAR: 0.24 Zoning: 1-2 Lot Dimensions: - Percent Improved: 80.9% Frontage: - Submarket: Weld County Ind Tenancy: Multi Map Page: - Comp ID: 1259669 Parcel No: 147131004008 Property Type: Industrial income expense data 1 listing broker buyer broker financing 1st Wells Fargo Bk Na(Conventional,due in 15 yrs) Bal/Pmt: $787,500 "' " •"' ^" This copynghted report contans research licensed to Property Tax Advisors,Inc.-8255. 4/4/2011 fl fl is rss war(saas ,n_.,.......,__' Page 3 316 Basher Dr Berthoud.CO 80513 2 Class B Self-Storage Building of 22,400 SF Sold on 07/24/2007 . a ` r _ d; h d✓ Ku � Sr{ for$1,210,000-Research Complete buyer ...... ...: Johnstown Self Storage&RV 316 Basher Dr Berthoud,CO 80513 (970)532-0685 seller ) Lester Alan Berry&Kimball F.Beery a ^""" '. COSTAR • vital data Escrow/Contract: - Sale Price: $1,210,000 Sale Date: 07124/2007 Status: Confirmed Days on Market: - Building SF: 22,400 SF Exchange: No Price/SF: $54.02 Conditions: - Pro Forma Cap Rate: Land Area SF: 81,457 Actual Cap Rate: - Acres: 1.87 Down Pmnt: - $/SF Land Gross: $14.85 Pct Down: - Year Built,Age: 2006 Age: 1 Doc No: 3495820 Parking Spaces: 4 Trans Tax: $121 Parking Ratio: - Corner: No FAR: 0.27 Zoning: - Lot Dimensions: - Percent Improved: - Frontage: • Submarket: Weld County kid Tenancy: Single Map Page: - Comp ID: 1375759 Parcel No: 106103416002 Property Type: Industrial income expense data -. listing broker' Northern Colorado Real Estate 8 S Parish Johnstown,CO 80534 (970)587-2220 John Mitchell ,buyer broker'• ._ No Buyer Broker on Deal financing . ..• .;.. :.. 1st Interbay Fndg LIc Bal/Pmt: $833,000 This oopynghted report oontdns research licensed to Property T ax Adwsars,Inc.-8255. 4/4/2011 flOP6ltT?Id 10113185 �r...� __.., .... Page 4 • 1020 Carbon Ct • Erie,CO 805161 , 4.2'; r"t Class B Showroom Building of 18,000 SF Sold on 04/17/2008 a S kxu , for$1,450,000-Research Complete• buyer PND2,LLC clo John Cicero 3354 W Centennial Ave Littleton,CO 80123 (303)794-0657 seller '_ ., — e y _ • Dill Homes Inc. c/o John Ridilla ' 1 `��"" +i 4,• 1571 Carlson Ave ! a '' r _ t^ - :` Erie,CO 80516 (720)273-2210 vital data Escrow/Contract: - Sale Price: $1,450,000 Sale Date: 04/17/2008 Status: Full Value Days on Market: - Building SF: 18,000 SF Exchange: No Price/SF: $80.56 Conditions- - Pro Forma Cap Rate: - Land Area SF: 67,954 Actual Cap Rate: - Acres: 1.56 Down Pmnt: $132,800.00 $/SF Land Gross: $21.34 Pct Down: 9.2% Year Built,Age: 2002 Age:6 Doc No: 3549303 Parking Spaces: 42 Trans Tax: $145 Parking Ratio: - Corner: No FAR: 0.26 Zoning: G-C Lot Dimensions: - Percent Improved: - Frontage: - Submarket: Weld County Ind Tenancy: Multi Map Page: - Comp ID: 1527065 Parcel No: - Property Type: Industrial income expense data • listing broker No Listing Broker on Deal buyer broker No Buyer Broker on Deal --financing • 1st Wells Fargo Bk(due in 1 yr) Bal/Pmt: $585,200 2nd Small Business Admin.(due In 10 yrs) Bal/Pmt: $732,000 This oopynghted report contans research licensed to Properly Tax Advisors,Inc.-8255. Feali9ti tAr►urisaes 4/4/2011 ._ ..:.... _�,..L Page 5 • • 1 12556 County Road 2 1/2 Prestige Equipment -- Brighton,CO 80603 Class C Manufacturing Building of 17128 SF Sold on 07/26/2007 for$1,300,000-Research Complete buyer Prestige Equipment Lib c/o Lois Paglione 7753 8 Waco StSaritt ? Centennial,CO 80016 '* ' L , (303)795-9997 u ) 'Tea .3gr ". seller Dun-Rite Real Estate LLC c/o Michael Gauger _ - 12256 CR 21/2 Rd 4 ' - t ta5t 1aG Brighton,CO 80603 (303)637-0007 vital data Escrow/Contract: -Sale Date: 07/26/2007 Days on Market: - Sale Price: $1,300,000 Status:in Full ValuSFe dg SF Exchange: No Price/SF:: $75.9017,128 Conditions: - Pro Forma Cap Rate: - Buil Land Area SF: 346,738 Actual Cap Rate: - Acres: 7.96 Down Pmnt: $100,000.00 8/SF Land Gross: $3.75 Pd Down: 7.7% Year Built,Age: 1972 Age:35 Doc No: 3493441 Parking Spaces: 50 Trans Tax: $130 Parking Ratio: - Corner: No FAR: 0.05 Zoning: 1-3 Lot Dimensions: - Percent Improved: 79.3 Frontage: - Submarket: Weld County Ind Tenancy: Multi Map Page: - Comp ID: 1368761 Parcel No: 147131000051 Property Type: Industrial income expense data ;listing broker No Listing Broker on Deal buyer broker. No Buyer Broker on Deal I finandng 1st Colorado Business Bank(7.50%) Bal/Pmt: $1,200,000 This wpynghled repod contans research licensed to Ropedy Tax Addsors,Inc.-8255. 4/4/2011 laaraert 1311111111$ v_„....,.._.._...,,,__. Page 6 • ' 100 Front St - Platteville,CO 80651 Class B Warehouse Building of 15,721 SF Sold on 05/16/2008 for$800,000-Research Compoll; lete ,. buyer. Drill Green Llc 129 Madison � ). s G❑ s .Soa ` auuq` Loveland,CO 80537 seller Douglas Y&Janice F Frost % 1373 Front 9 Dr Fort Collins,CO 80525 (970)282-9373 Sale Price: $800,000 vital data Escrow/Contract: - Sale Date: 05/16/2008 Status: Full Value Days on Market: - Building SF: 15,721 SF Exchange: No Price/SF: $50.89 Conditions: - Pro Forma C Rate: - Land Area SF: 189,922 Actual Cap Rate: - Acres: 4.36 Downap Pmnt: $160,000.00 $/SF : Pd Down: 20.0% Year BLanduilt,AgeGross: $4.21 1996 Age: 12 Doc No: 3556515 Parking Spaces: 13 Trans Tax: $91 Parking Ratio: - Corner: No FAR: 0.08 Zoning: Commercial Lot Dimensions: - No Tenants: 1 Frontage: - Percent Improved: 75.8 Tenancy: Single Submarket: Weld County Ind Comp ID: 1535856 Map Page: - Parcel NType:o: 121118000013 Property Industrial income expense data listing broker buyer broker financing - - -- '.. 1st Wells Fargo Bk Bal/Pmt: $640,000 4/4/2011 This mpynghtetl report contans research licensed so Property Tax AtlNsors,Inc.-8255. p51PE@TT Tilt HUMS 7 320 Gateway Dr Bragg Excavation "' '`i" a :411,46: � Johnstown,CO 80513 „r,,,,,--:„. x r 1 � ' . bl.a`` h 'h�+ � Class B Warehouse Building of 27,394 SF Sold on 07/23/2007 ° ' rx r '° for$1,975,000-Research Complete ¢' ".^ buyer.. - -- -- — — sxt Preferred Cartage Servicce 1 jr 1-4 Pt., d • `. "' c/o John Stouffer ` $' ' ° °yk 108N6thAve lip ii I" N c ar"yew — ."-ms-:*-- "-m "" F Greeley,CO 80631 '�` ^s^"" (970)304.1454 42. WLgron.' ° seller Bragg Excavation,Inc. clo Jake Bragg 320 Gateway Dr I Johnstown,CO 80513 (970)532-3870 vilaldeta Escrow/Contract: 45 days Sale Price: $1,975,000 Sale Date: 07/23/2007 Status: Confirmed Days on Market: • Building SF: 27,394 SF Exchange: No Price/SF: $72.10 Conditions: Sale Leaseback Pct Office: 43.8% Land Area SF: 86,684 Pro Forma Cap Rate: 7.0% Acres: 1.99 Actual Cap Rate: - $/SF Land Gross: $22.78 Down Pmnt: $493,000.00 Year Built,Age: 2002 Age:5 Pct Down: 25.0% Parking Spaces: 35 Doc No: 3493782 Parking Ratio: 1.35/1000 SF Trans Tax: $197.50 FAR: 0.32 Corner: No Lot Dimensions: - Zoning: COMM Frontage: Percent Improved: 81.2% Tenancy: Multi Submarket: Weld County Ind Comp ID: 1368524 Map Page: - Parcel No: 106103419003 Property Type: Industrial income expense data listing broker Livingston Real Estate&Development 736 Whalers Way Fort Collins,CO 80525 (970)266.0333 Tom Livingston buyer broker Home-a-Loan Financial 2601 S Lemay Ave Fort Collins,CO 80525 (970)225.2993 John Stouffer financing 1st First Nat'l Bk(due ins yrs) Bal/Pmt: $1,482,000 — This mpyn�tee report confabs researm licensed to FYopetty Tax Advisors,Inc.-8255. 4/4/2011 pupil. TT TAI WIS08S Page 8 19009 Hwy 392 _.. Bldg 2 Lucerne,CO 80646 Class C Warehouse Building of 19,400 SF Sold on 01/17/2007 for$850,000-Research Complete �,a, buyer erpp r " !. Lucerne Commons LLC T ' r t r .. dill: Wesley Sargent . . 3', '-' ' ti ', ' it ° ,.r'ea'd 5412 Vardon Way ` # - • 't �- ..n ,c Fort Collins,CO 80528 ,,, >r. � 4 (970)204-4837 ` '. 1, seller I FJL Venture Group LLC I c/o Jeffrey Bedingfieltl Grand Lake, 80447 352-3161(970) vital data _. Escrow/Contract: Sale Price: $850,000 Sale Date: 01/17/2007 Status: Full Value Days on Market: - Building SF: 19,400 SF Exchange: No Price/SF: $43.81 Conditions: - Pro Forma Cap Rate: - Land Area SF: 138,085 Actual Cap Rate: - Acres: 3.17 Down Pmnt - $/SF Land Gross: $6.16 Pct Down: - Year Built.Age: 1979 Age:28 Doc No: 3450118 Parking Spaces: 100 Trans Tax: - Parking Ratio: 5.15/1000 SF Corner: No FAR: 0.14 Zoning: - Lot Dimensions: Percent Improved: - Frontage: - Submarket: Weld County Ind Tenancy: Multi Map Page: - Comp ID: 1237622 Parcel No: 80317000041 [Partial List] Property Type: Industrial income expense data .. listing broker buyer broker financing _.- 1st Farmers Bk Bal/Pmt: $900,000 - This mpyrighted report contans research licensed to Property Tax Adhsors,Inc.-8255. 4/4/2011 tutUTI TA!1➢PISOR3 Page 9 • 14274-14286 Mead St Five Pines Bldg Mead,CO 80542 Class B Manufacturing Building of 20,000 SF Sold on =_ 12/20/2007 for$1,240,000-Research Complete buyer • --� Jtek Enterprises Lis Jane Sprouse wry 20 208 Po Box I„� Mead,CO 80542 (970)535-4568 seller Larry L Nelson f'4a'k",�px_1-.}.,, vital data Escrow/Contract: 180 days Sale Price: $1,240,000 Sale Date: 12/20/2007 Status: Confirmed Days on Market: - Building SF: 20,000 SF Exchange: No Price/SF: $62.00 Conditions: - Pro Forma Cap Rate: - Land Area SF: 87,120 Actual Cap Rate: - Acres: 2 Down Pmnt: $372,000.00 5/SF Land Gross: $14.23 Pct Down: 30.0% Year Built,Age: 2000 Age:7 Doc No: 3525609 Parking Spaces: 60 Trans Tax: - Parking Ratio: - Corner: No FAR: 0.23 Zoning: - Lot Dimensions: - Percent Improved: 72.0% Frontage: - Submarket: Weld County Ind Tenancy: Multi Map Page: - Comp ID: 1460047 Parcel No: 120723001015 Property Type: Industrial income expense data - . listing broker Century 21 Gold 450 Main St Longmont,CO 80501 (303)651-3636 Carol Davis buyer broker - Century 21 Gold 450 Main St Longmont,CO 80501 (303)651-3636 Carol Davis financing - 1st Adams Bank&Trust Bal/Pmt: $868,000 .-- This mpynghted report contans researt licensed to Property Tax Adaisors,Inc..8255. 4/4/2011 4l➢TliTl Tll AMISS Page 10 CLERK TO THE BOARD PHONE: (970) 336-7215, EXT. 4226 FAX: (970) 352-0242 I 8 6 1 - 2 0 1 1 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 WELD COUNTY I June 17, 2011 SHARON MORRISON TRUST 712 S PEARL ST DENVER CO 80209 RE: SCHEDULE NUMBER R8124099 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: 5186 Longs Peak Rd. The meeting is scheduled for July 11, 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 petition. 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, Tonya Disney Deputy Clerk to the Board cc: Assessor PROPERTY TAX ADVISORS INC 3090 S JAMAICA CT STE 204 AURORA CO 80014 4 CLERK TO THE BOARD PHONE: (970) 336-7215, Ext. 4225 FAX: (970) 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 wimiC. COLORADO July 20, 2011 SHARON MORRISON TRUST 712 S PEARL ST DENVER CO 80209 RE: SCHEDULE NUMBER R8124099 Dear Property Owner: On July 11, 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,( Tonya Disney Deputy Clerk to the Board cc: Assessor PROPERTY TAX ADVISORS INC 3090 S JAMAICA CT STE 204 AURORA CO 80014 Hello