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Home My WebLink About20111826.tiff CLERK TO THE BOARD PHONE (970) 336-7215 EXT.4226 FAX: (970) 352-0242 1861 - 2011 1150 O STREET P.O. BOX 758 GREELEY, COLORADO 80632 WELD _-€ OUNTY I November 17, 2011 THOMAS KOWALSKI, MANAGER MONARCH INVESTORS LLC 7006 S ALTON WAY BLDG A CENTENNIAL CO 80112 RE: Arbitration Hearing Award - Monarch Investors, LLC (Account#: R1199702, R1201502, R1204502, R1205102, R1205902, R1026102, R1206202, and R1206302) Dear Mr. Kowalski: Enclosed is a refund check, in the amount of$300.00($400-$100 to pay 50%Arbitrator fee), as a result of reaching a Stipulation Agreement and eliminating the need for a hearing. If you have questions, please do not hesitate to contact me at (970) 336-7215 Ext. 4226. Sincerely, \ Co d�Cy? , .HBO t i2 Esther E. Gesick Deputy Clerk to the Board cc: County Attorney Assessor ec AS, CA, P.Lt Ar6. ao/%/I?lv // 7 207 M:\BOE\ARBITRATE.doc 8/22/11 CLERK TO THE BOARD PHONE (970) 336-7215 EXT.4226 FAX: (970) 352-0242 1861 - 2011 1150 O STREET P.O. BOX 758 - GREELEY, COLORADO 80632 WELD._000NTY November 17, 2011 SUE FOSTER CIO FOSTER VALUATION CO 910 54TH AVE STE 210 GREELEY CO 80634 RE: Arbitration Hearing Award - Monarch Investors, LLC(Account#: R1199702, R1201502, R1204502, R1205102, R1205902, R1026102, R1206202, and R1206302) Dear Sue: Enclosed is a check, in the amount of $200.00, as agreed to for the Stipulated values. If you have questions, please do not hesitate to contact me at (970) 336-7215 Ext. 4226. Sincerely, Esther E. Gesick Deputy Clerk to the Board cc: County Attorney Assessor Monarch Investors, LLC M:\BOE\ARBITRATE.doc 8/22/11 CLERK TO THE BOARD PHONE (970) 336-7215 EXT.4226 FAX: 186 1 - 20 1 1 1150OSTREET P.O. BOX 758 8 GREELEY, COLORADO 80632 WEL & COUNTY I November 1, 2011 Attn: Sue Foster Foster Valuation Company 910 54th Avenue, Suite 210 Greeley, Colorado 80634 RE: Arbitration Hearing Award - Monarch Investors, LLC (Account#: R1199702, R1201502, R1204502, R1205102, R1205902, R1206102, R1206202, and R1206302) Dear Sue: Enclosed are eight Awards of Arbitrator and Adoption of Stipulation, the Motion to Adopt Stipulation, and a copy of the Stipulation. Upon review of said documents, if you concur with the determination of value, please sign/date the Awards and return all documents to me for inclusion in the official record. If you have questions, please do not hesitate to contact me at (970) 336-7215 Ext. 4226. Sincerely, Esther E. Gesick Deputy Clerk to the Board M:\BOE\ARB ITRATE,doc 8/22/11 WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1199702 AWARD OF ARBITRATOR and ADOPTION OF STIPULATION MONARCH INVESTORS, LLC, Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. THE undersigned Arbitrator, having read the Stipulation entered into between Petitioner, MONARCH INVESTORS, LLC and Respondent, WELD COUNTY BOARD OF EQUALIZATION, previously filed with this Arbitrator, and being otherwise fully advised in the premises, makes the following finding and Orders as follows: 1. The property which is the subject of this appeal is County Schedule Number R1199702, Property Type being Vacant Land. 2. The Petitioner is appealing the 2011 actual value of the above described property. 3. The parties have entered into a Stipulation, (a copy of which is attached hereto as Exhibit A and incorporated as a part of this Award), and have agreed that the 2011 actual value of the subject property should be reduced to a Land value of Twenty—Five Thousand and no/100 Dollars ($25,000.00). 4. The Arbitrator concurs with the determination of value as set forth in the Stipulation, and finds said Stipulation is just and equitable and not reached as a result of duress. AWARD: 1. The 2011 actual value of the subject property shall be as set forth above. The records of the Weld County Assessor shall be adjusted to reflect the 2011 actual value of the subject property. 2. The Arbitrator's fees for conducting this matter are $25.00, which shall be paid as follows: Petitioner: $12.50 Respondent: $12.50 3. Each party shall pay their own witness fees, attorney's fees and miscellaneous costs. DATED THIS V day of 2, ( P y F-I , 2011. Sue Foster, ARBITRATOR WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1199702 MOTION TO ADOPT STIPULATION MONARCH INVESTORS, LLC Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. COME NOW the Petitioner Monarch Investors, LLC, by Thomas R. Kowalski, Manager, and Respondent, by and through its attorney, the Assistant of Bruce T. Barker, Weld County Attorney, below named, and jointly move the Arbitrator named to hear the Petition filed in the above-named matter to adopt the Stipulation reached by the parties in this matter as its decision, and as grounds therefore allege as follows: 1. The Stipulation was reached by the parties after due consideration of the evidence provided by each party. 2. The parties believe that the stipulated 2011 value is a fair and just value. 3. The parties agree that this Stipulation was not reached as a result of duress or undue influence. THEREFORE, the parties request that the Arbitrator assigned in this matter, Sue Foster, adopt as its decision, the Stipulation as to value which was reached by the parties in this matter and enter an Order as to the payment of fees. WELD COUNTY BOARD OF EQUALIZATION Respondent BRUCE T. BARKER WELD COUNTY ATTORNEY 7 Date T HANIE L. ARRIES #5809 Assistant Weld County Attorney WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number RI 199702 STIPULATION (As To Tax Year 2011 Actual Value) Monarch Investors, LLC, Petitioner, vs. Weld County Board of Equalization, Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly move the Arbitrator to enter a decision based on this Stipulation. Petitioner (s) and Respondent agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L2 BLK2 Monarch Estates 1st Fg. 2. The subject property is classified as Vacant Land property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2011: Land $50,000 Improvements Total $50,000 4. After a timely appeal to the Board of Equalization, the Board of Equalization valued the subject property as follows: Land $25,000 Improvements Total $25,000 R1199702 1 • 5. After further review and negotiation, Petitioner and County Board of Equalization agree to the following tax year 2011 actual value for the subject property: Land $20,000 Improvements Total $20,000 6. The valuation, as established above, shall be binding only with respect to tax year 2011. 7. Brief narrative as to why the reduction was made: Value was adjusted based on market sales of comparable lots. 8. Both parties agree that the hearing scheduled before the Arbitrator on November 1s`, 2011at 10:30am be vacated. r\ DATED this 17th ay o October, 2011. ,4O, Pe itioner(s) or Attorney Ar„sfCb n Attorney for Respondent, Board of Equalization Address: Address: 7006 S. Alton Way J�1 SO 40 `` S�p f Building A '1 of 74 ?n Centennial, CO 80112 (4v`e c f j O.) K nn✓ c)13 Telephone: 303-694-4673 Telephone: 'on 40-4006 X 43q`- County Asse sor ` a4 71 Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 R1199702 2 WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1201502 AWARD OF ARBITRATOR and ADOPTION OF STIPULATION MONARCH INVESTORS, LLC, Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. THE undersigned Arbitrator, having read the Stipulation entered into between Petitioner, MONARCH INVESTORS, LLC and Respondent, WELD COUNTY BOARD OF EQUALIZATION, previously filed with this Arbitrator, and being otherwise fully advised in the premises, makes the following finding and Orders as follows: 1. The property which is the subject of this appeal is County Schedule Number R1201502, Property Type being Vacant Land. 2. The Petitioner is appealing the 2011 actual value of the above described property. 3. The parties have entered into a Stipulation, (a copy of which is attached hereto as Exhibit A and incorporated as a part of this Award), and have agreed that the 2011 actual value of the subject property should be reduced to a Land value of Twenty-Five Thousand and no/100 Dollars ($25,000.00). 4. The Arbitrator concurs with the determination of value as set forth in the Stipulation, and finds said Stipulation is just and equitable and not reached as a result of duress. AWARD: 1. The 2011 actual value of the subject property shall be as set forth above. The records of the Weld County Assessor shall be adjusted to reflect the 2011 actual value of the subject property. 2. The Arbitrator's fees for conducting this matter are $25.00, which shall be paid as follows: Petitioner: $12.50 Respondent: $12.50 3. Each/DATED THIS ` day of 2011. C Sue Foster, ARBITRATOR WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1201502 MOTION TO ADOPT STIPULATION MONARCH INVESTORS, LLC Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent, COME NOW the Petitioner Monarch Investors, LLC, by Thomas R. Kowalski, Manager, and Respondent, by and through its attorney, the Assistant of Bruce T. Barker, Weld County Attorney, below named, and jointly move the Arbitrator named to hear the Petition filed in the above-named matter to adopt the Stipulation reached by the parties in this matter as its decision, and as grounds therefore allege as follows: 1. The Stipulation was reached by the parties after due consideration of the evidence provided by each party. 2. The parties believe that the stipulated 2011 value is a fair and just value. 3. The parties agree that this Stipulation was not reached as a result of duress or undue influence. THEREFORE, the parties request that the Arbitrator assigned in this matter, Sue Foster, adopt as its decision, the Stipulation as to value which was reached by the parties in this matter and enter an Order as to the payment of fees. WELD COUNTY BOARD OF EQUALIZATION Respondent BRUCE T. BARKER WELD COUNTY ATTORNEY k,--027-/( By: ✓ � � Date STE ANIE L. ARRIES #5809 Assistant Weld County Attorney WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1201502 STIPULATION (As To Tax Year 2011 Actual Value) Monarch Investors, LLC, Petitioner, vs. Weld County Board of Equalization, Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly move the Arbitrator to enter a decision based on this Stipulation. Petitioner(s) and Respondent agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L20 BLK2 Monarch Estates 1" Fg. 2. The subject property is classified as Vacant Land property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2011: Land $50,000 Improvements Total $50,000 4. After a timely appeal to the Board of Equalization, the Board of Equalization valued the subject property as follows: Land $25,000 Improvements Total $25,000 R1201502 1 Il 5. After further review and negotiation, Petitioner and County Board of Equalization agree to the following tax year 2011 actual value for the subject property: Land $20,000 Improvements Total $20,000 6. The valuation, as established above, shall be binding only with respect to tax year 2011. 7. Brief narrative as to why the reduction was made: Value was adjusted based on market sales of comparable lots. 8. Both parties agree that the hearing scheduled before the Arbitrator on November 1st, 2011at 10:30am be vacated. 1 DATED this 17th day of ctober, 2011. Petitioner(s) o Attorney ou y Attorney for Respondent, Board of Equalization Address: Address: 7006 S. Alton Way l GSO (V3" She/ /- Building A PJO,Ic&K '7 t Centennial, CO 80112 (� >�� (�O )63 Z Telephone: 303-694-4673 Telephone: 97O-3SL-'GOO r d39'1 CAsseso?1 Y dip Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 R1201502 2 WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1204502 AWARD OF ARBITRATOR and ADOPTION OF STIPULATION MONARCH INVESTORS, LLC, Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. THE undersigned Arbitrator, having read the Stipulation entered into between Petitioner, MONARCH INVESTORS, LLC and Respondent, WELD COUNTY BOARD OF EQUALIZATION, previously filed with this Arbitrator, and being otherwise fully advised in the premises, makes the following finding and Orders as follows: 1. The property which is the subject of this appeal is County Schedule Number R1204502, Property Type being Vacant Land. 2. The Petitioner is appealing the 2011 actual value of the above described property. 3. The parties have entered into a Stipulation, (a copy of which is attached hereto as Exhibit A and incorporated as a part of this Award), and have agreed that the 2011 actual value of the subject property should be reduced to a Land value of Twenty-Five Thousand and no/100 Dollars ($25,000.00). 4. The Arbitrator concurs with the determination of value as set forth in the Stipulation, and finds said Stipulation is just and equitable and not reached as a result of duress. AWARD: 1. The 2011 actual value of the subject property shall be as set forth above. The records of the Weld County Assessor shall be adjusted to reflect the 2011 actual value of the subject property. 2. The Arbitrator's fees for conducting this matter are $25.00, which shall be paid as follows: Petitioner: $12.50 Respondent: $12.50 3. Each party shall pay their own witness fees, attorney's fees and miscellaneous costs. DATED THIS `r�n day of 2J h/ , 2011. Sue Foster, ARBITRATOR WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1204502 MOTION TO ADOPT STIPULATION MONARCH INVESTORS, LLC Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. COME NOW the Petitioner Monarch Investors, LLC, by Thomas R. Kowalski, Manager, and Respondent, by and through its attorney, the Assistant of Bruce T. Barker, Weld County Attorney, below named, and jointly move the Arbitrator named to hear the Petition filed in the above-named matter to adopt the Stipulation reached by the parties in this matter as its decision, and as grounds therefore allege as follows: 1. The Stipulation was reached by the parties after due consideration of the evidence provided by each party. 2. The parties believe that the stipulated 2011 value is a fair and just value. 3. The parties agree that this Stipulation was not reached as a result of duress or undue influence. THEREFORE, the parties request that the Arbitrator assigned in this matter, Sue Foster, adopt as its decision, the Stipulation as to value which was reached by the parties in this matter and enter an Order as to the payment of fees. WELD COUNTY BOARD OF EQUALIZATION Respondent BRUCE T. BARKER WELD COUNTY ATTORNEY By: Date EP ANIE L. ARRIES #5809 Assistant Weld County Attorney f WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1204502 STIPULATION (As To Tax Year 2011 Actual Value) Monarch Investors, LLC, Petitioner, vs. Weld County Board of Equalization, Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly move the Arbitrator to enter a decision based on this Stipulation. Petitioner(s) and Respondent agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L1 BLK4 Monarch Estates 1st Fg. 2. The subject property is classified as Vacant Land property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2011: Land $50,000 Improvements Total $50,000 4. After a timely appeal to the Board of Equalization, the Board of Equalization valued the subject property as follows: Land $25,000 Improvements Total $25,000 R1204502 1 i 1 5. After further review and negotiation, Petitioner and County Board of Equalization agree to the following tax year 2011 actual value for the subject property: Land $20,000 Improvements Total $20,000 6. The valuation, as established above, shall be binding only with respect to tax year 2011. 7. Brief narrative as to why the reduction was made: Value was adjusted based on market sales of comparable lots. 8. Both parties agree that the hearing scheduled before the Arbitrator on November ls`, 2011at 10:30am be vacated. + E 17th d y f Oc ber, 2011. itioner(s) or Attorne 4- ounty Attorney for Respondent, Board of Equalization Address: Address: 7006 S. Alton Way /la() "Olt c keel" Building A P.0-101-- 7 S"g Centennial, CO 80112 6ypG/rd , CO X 63 Z Telephone: 303-694-4673 Telephone:q7O 3(a-4 C) X l434c County Asses or Z% / fi dr Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 R1204502 2 WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1205102 AWARD OF ARBITRATOR and ADOPTION OF STIPULATION MONARCH INVESTORS, LLC, Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. THE undersigned Arbitrator, having read the Stipulation entered into between Petitioner, MONARCH INVESTORS, LLC and Respondent, WELD COUNTY BOARD OF EQUALIZATION, previously filed with this Arbitrator, and being otherwise fully advised in the premises, makes the following finding and Orders as follows: 1. The property which is the subject of this appeal is County Schedule Number R1205102, Property Type being Vacant Land. 2. The Petitioner is appealing the 2011 actual value of the above described property. 3. The parties have entered into a Stipulation, (a copy of which is attached hereto as Exhibit A and incorporated as a part of this Award), and have agreed that the 2011 actual value of the subject property should be reduced to a Land value of Twenty-Five Thousand and no/100 Dollars ($25,000.00). 4. The Arbitrator concurs with the determination of value as set forth in the Stipulation, and finds said Stipulation is just and equitable and not reached as a result of duress. AWARD: 1. The 2011 actual value of the subject property shall be as set forth above. The records of the Weld County Assessor shall be adjusted to reflect the 2011 actual value of the subject property. 2. The Arbitrator's fees for conducting this matter are $25.00, which shall be paid as follows: Petitioner: $12.50 Respondent: $12.50 3. Each party shall pay their own witness fees, attorney's fees and miscellaneous costs. DATED THIS Litt day of ,Ptor,2 46-17—) , 2011. Sue Foster, ARBITRATOR WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1205102 MOTION TO ADOPT STIPULATION MONARCH INVESTORS, LLC Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. COME NOW the Petitioner Monarch Investors, LLC, by Thomas R. Kowalski, Manager, and Respondent, by and through its attorney, the Assistant of Bruce T. Barker, Weld County Attorney, below named, and jointly move the Arbitrator named to hear the Petition filed in the above-named matter to adopt the Stipulation reached by the parties in this matter as its decision, and as grounds therefore allege as follows: 1. The Stipulation was reached by the parties after due consideration of the evidence provided by each party. 2. The parties believe that the stipulated 2011 value is a fair and just value. 3. The parties agree that this Stipulation was not reached as a result of duress or undue influence. THEREFORE, the parties request that the Arbitrator assigned in this matter, Sue Foster, adopt as its decision, the Stipulation as to value which was reached by the parties in this matter and enter an Order as to the payment of fees. WELD COUNTY BOARD OF EQUALIZATION Respondent BRUCE T. BARKER WELD COUNTY ATTORNEY /(9 02?1( By: iZAS,Date STEPHANIE L. A_ ES #5809 Assistant Weld County Attorney WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1205102 STIPULATION (As To Tax Year 2011 Actual Value) Monarch Investors, LLC, Petitioner, vs. Weld County Board of Equalization, Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly move the Arbitrator to enter a decision based on this Stipulation. Petitioner (s) and Respondent agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L7 BLK4 Monarch Estates 1st Fg. 2. The subject property is classified as Vacant Land property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2011: Land $50,000 Improvements Total $50,000 4. After a timely appeal to the Board of Equalization, the Board of Equalization valued the subject property as follows: Land $25,000 Improvements Total $25,000 R1205102 1 a ' 5. After further review and negotiation, Petitioner and County Board of Equalization agree to the following tax year 2011 actual value for the subject property: Land $20,000 Improvements Total $20,000 6. The valuation, as established above, shall be binding only with respect to tax year 2011. 7. Brief narrative as to why the reduction was made: Value was adjusted based on market sales of comparable lots. 8. Both parties agree that the hearing scheduled before the Arbitrator on November ls`, 2011at 10:30am be vacated. DATED this 17th day of 04ber, 2011. Pe itioner(s) or Attorney Ass bunt Attorney for Respondent, Board of Equalization Address: Address: 7006 S. Alton Way / SO a "Ge 74 Building A O. 36V�S Centennial, CO 80112 (..,-yee%. �� i' 32. Telephone: 303-694-4673 Telephone: 9 7O 3 t-(kie i K L[8QK afief)Pt County Asse or Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 R1205102 2 WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1205902 AWARD OF ARBITRATOR and ADOPTION OF STIPULATION MONARCH INVESTORS, LLC, Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. THE undersigned Arbitrator, having read the Stipulation entered into between Petitioner, MONARCH INVESTORS, LLC and Respondent, WELD COUNTY BOARD OF EQUALIZATION, previously filed with this Arbitrator, and being otherwise fully advised in the premises, makes the following finding and Orders as follows: 1. The property which is the subject of this appeal is County Schedule Number R1205902, Property Type being Vacant Land. 2. The Petitioner is appealing the 2011 actual value of the above described property. 3. The parties have entered into a Stipulation, (a copy of which is attached hereto as Exhibit A and incorporated as a part of this Award), and have agreed that the 2011 actual value of the subject property should be reduced to a Land value of Twenty-Five Thousand and no/100 Dollars ($25,000.00). 4. The Arbitrator concurs with the determination of value as set forth in the Stipulation, and finds said Stipulation is just and equitable and not reached as a result of duress. AWARD: 1. The 2011 actual value of the subject property shall be as set forth above. The records of the Weld County Assessor shall be adjusted to reflect the 2011 actual value of the subject property. 2. The Arbitrator's fees for conducting this matter are $25.00, which shall be paid as follows: Petitioner: $12.50 Respondent: $12.50 3. Each party shall pay their own witness fees, attorney's fees and miscellaneous costs. DATED THIS day of 'I-a rlairn , 2011. Sue Foster, ARBITRATOR WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1205902 MOTION TO ADOPT STIPULATION MONARCH INVESTORS, LLC Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. COME NOW the Petitioner Monarch Investors, LLC, by Thomas R. Kowalski, Manager, and Respondent, by and through its attorney, the Assistant of Bruce T. Barker, Weld County Attorney, below named, and jointly move the Arbitrator named to hear the Petition filed in the above-named matter to adopt the Stipulation reached by the parties in this matter as its decision, and as grounds therefore allege as follows: 1. The Stipulation was reached by the parties after due consideration of the evidence provided by each party. 2. The parties believe that the stipulated 2011 value is a fair and just value. 3. The parties agree that this Stipulation was not reached as a result of duress or undue influence. THEREFORE, the parties request that the Arbitrator assigned in this matter, Sue Foster, adopt as its decision, the Stipulation as to value which was reached by the parties in this matter and enter an Order as to the payment of fees. WELD COUNTY BOARD OF EQUALIZATION Respondent BRUCE T. BARKER WELD COUNTY ATTORNEY -027-/( By:le� * ' Date $IH IE L. ARRIES #5809 Assistant Weld County Attorney Iyr WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1205902 STIPULATION (As To Tax Year 2011 Actual Value) Monarch Investors, LLC, Petitioner, vs. Weld County Board of Equalization, Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly move the Arbitrator to enter a decision based on this Stipulation. Petitioner(s) and Respondent agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L1 BLK6 Monarch Estates 151 Fg. 2. The subject property is classified as Vacant Land property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2011: Land $50,000 Improvements Total $50,000 4. After a timely appeal to the Board of Equalization, the Board of Equalization valued the subject property as follows: Land $25,000 Improvements Total $25,000 5. After further review and negotiation, Petitioner and County Board of Equalization agree to the following tax year 2011 actual value for the subject property: R1205902 1 4 w I Land $20,000 Improvements Total $20,000 6. The valuation, as established above, shall be binding only with respect to tax year 2011. 7. Brief narrative as to why the reduction was made: Value was adjusted based on market sales of comparable lots. 8. Both parties agree that the hearing scheduled before the Arbitrator on November ls`, 2011at 10:30am be vacated. DATED this 17th a of I ctober, 2011. � . . _ •�'titioner(s) or Attorney a< o y A orney for Respondent, Board of Equalization Address: Address: 7006 S. Alton Way 115D (O'L CC- t Building A iiii. Cr. S Centennial, CO 80112 c� `' , (B[ ) )( 2 Telephone: 303-694-4673 Telephone:Q76-35(o -i(OLb % q3%t/ County Asses oi:277 ' 9 Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 R1205902 2 WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1206102 AWARD OF ARBITRATOR and ADOPTION OF STIPULATION MONARCH INVESTORS, LLC, Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. THE undersigned Arbitrator, having read the Stipulation entered into between Petitioner, MONARCH INVESTORS, LLC and Respondent, WELD COUNTY BOARD OF EQUALIZATION, previously filed with this Arbitrator, and being otherwise fully advised in the premises, makes the following finding and Orders as follows: 1. The property which is the subject of this appeal is County Schedule Number R1206102, Property Type being Vacant Land. 2. The Petitioner is appealing the 2011 actual value of the above described property. 3. The parties have entered into a Stipulation, (a copy of which is attached hereto as Exhibit A and incorporated as a part of this Award), and have agreed that the 2011 actual value of the subject property should be reduced to a Land value of Twenty-Five Thousand and no/100 Dollars ($25,000.00). 4. The Arbitrator concurs with the determination of value as set forth in the Stipulation, and finds said Stipulation is just and equitable and not reached as a result of duress. AWARD: 1. The 2011 actual value of the subject property shall be as set forth above. The records of the Weld County Assessor shall be adjusted to reflect the 2011 actual value of the subject property. 2. The Arbitrator's fees for conducting this matter are$25.00, which shall be paid as follows: Petitioner: $12.50 Respondent: $12.50 3. Each party shall pay their own witness fees, attorney's fees and miscellaneous costs. DATED THIS y") day of /PQ+--0-m it LI , 2011. Sue Foster, ARBITRATOR WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1206102 MOTION TO ADOPT STIPULATION MONARCH INVESTORS, LLC Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. COME NOW the Petitioner Monarch Investors, LLC, by Thomas R. Kowalski, Manager, and Respondent, by and through its attorney, the Assistant of Bruce T. Barker, Weld County Attorney, below named, and jointly move the Arbitrator named to hear the Petition filed in the above-named matter to adopt the Stipulation reached by the parties in this matter as its decision, and as grounds therefore allege as follows: 1. The Stipulation was reached by the parties after due consideration of the evidence provided by each party. 2. The parties believe that the stipulated 2011 value is a fair and just value. 3. The parties agree that this Stipulation was not reached as a result of duress or undue influence. THEREFORE, the parties request that the Arbitrator assigned in this matter, Sue Foster, adopt as its decision, the Stipulation as to value which was reached by the parties in this matter and enter an Order as to the payment of fees. WELD COUNTY BOARD OF EQUALIZATION Respondent BRUCE T. BARKER WELD COUNTY ATTORNEY /6 -a 2 /( By: Date TE HAN L. ES #5809 Assistant Weld County Attorney ' a ,. WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1206102 STIPULATION (As To Tax Year 2011 Actual Value) Monarch Investors, LLC, Petitioner, vs. Weld County Board of Equalization, Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly move the Arbitrator to enter a decision based on this Stipulation. Petitioner(s) and Respondent agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L3 BLK6 Monarch Estates 1st Fg. 2. The subject property is classified as Vacant Land property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2011: Land $50,000 Improvements Total $50,000 4. After a timely appeal to the Board of Equalization, the Board of Equalization valued the subject property as follows: Land $25,000 Improvements Total $25,000 5. After further review and negotiation, Petitioner and County Board of Equalization agree to the following tax year 2011 actual value for the subject property: R1206102 1 : .. 4$ Land $20,000 Improvements Total $20,000 6. The valuation, as established above, shall be binding only with respect to tax year 2011. 7. Brief narrative as to why the reduction was made: Value was adjusted based on market sales of comparable lots. 8. Both parties agree that the hearing scheduled before the Arbitrator on November ln, 2011at 10:30am be vacated. DATED this 17t /y of ctober, 2011. -1/4aL' Pe itioner(s) or Attorney} unt Attorney for Respondent, Board of Equalization Address: Address: 7006 S. Alton Way S '0 Q Slue°-t Building A A:), l3c)>c 76 .r Centennial, CO 80112 &Y�/sse/ Lb Wi63 z Telephone: 303-694-4673 Tele hone:47D —3 Sb�t/CY)O )(16'9 t( County Asse or ��'6 42 ey Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 R1206102 2 WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1206202 AWARD OF ARBITRATOR and ADOPTION OF STIPULATION MONARCH INVESTORS, LLC, Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. THE undersigned Arbitrator, having read the Stipulation entered into between Petitioner, MONARCH INVESTORS, LLC and Respondent, WELD COUNTY BOARD OF EQUALIZATION, previously filed with this Arbitrator, and being otherwise fully advised in the premises, makes the following finding and Orders as follows: 1. The property which is the subject of this appeal is County Schedule Number R1206202, Property Type being Vacant Land. 2. The Petitioner is appealing the 2011 actual value of the above described property. 3. The parties have entered into a Stipulation, (a copy of which is attached hereto as Exhibit A and incorporated as a part of this Award), and have agreed that the 2011 actual value of the subject property should be reduced to a Land value of Twenty-Five Thousand and no/100 Dollars ($25,000.00). 4. The Arbitrator concurs with the determination of value as set forth in the Stipulation, and finds said Stipulation is just and equitable and not reached as a result of duress. AWARD: 1. The 2011 actual value of the subject property shall be as set forth above. The records of the Weld County Assessor shall be adjusted to reflect the 2011 actual value of the subject property. 2. The Arbitrator's fees for conducting this matter are $25.00, which shall be paid as follows: Petitioner: $12.50 Respondent: $12.50 3. Each party shall pay their own witness fees, attorney's fees and miscellaneous costs. DATED THIS zit)) day of .i i Ln As Ai , 2011. Sue Foster, ARBITRATOR WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1206202 MOTION TO ADOPT STIPULATION MONARCH INVESTORS, LLC Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. COME NOW the Petitioner Monarch Investors, LLC, by Thomas R. Kowalski, Manager, and Respondent, by and through its attorney, the Assistant of Bruce T. Barker, Weld County Attorney, below named, and jointly move the Arbitrator named to hear the Petition filed in the above-named matter to adopt the Stipulation reached by the parties in this matter as its decision, and as grounds therefore allege as follows: 1. The Stipulation was reached by the parties after due consideration of the evidence provided by each party. 2. The parties believe that the stipulated 2011 value is a fair and just value. 3. The parties agree that this Stipulation was not reached as a result of duress or undue influence. THEREFORE, the parties request that the Arbitrator assigned in this matter, Sue Foster, adopt as its decision, the Stipulation as to value which was reached by the parties in this matter and enter an Order as to the payment of fees. WELD COUNTY BOARD OF EQUALIZATION Respondent BRUCE T. BARKER WELD COUNTY ATTORNEY - J By: l Date TE ANIE L. A ES #5809 Assistant Weld County Attorney • .� WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number RI206202 STIPULATION (As To Tax Year 2011 Actual Value) Monarch Investors, LLC, Petitioner, vs. Weld County Board of Equalization, Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly move the Arbitrator to enter a decision based on this Stipulation. Petitioner(s) and Respondent agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L4 BLK6 Monarch Estates l51 Fg. 2. The subject property is classified as Vacant Land property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2011: Land $50,000 Improvements Total $50,000 4. After a timely appeal to the Board of Equalization, the Board of Equalization valued the subject property as follows: Land $25,000 Improvements Total $25,000 5. After further review and negotiation, Petitioner and County Board of Equalization agree to the following tax year 2011 actual value for the subject property: R1206202 1 Land $20,000 Improvements Total $20,000 6. The valuation, as established above, shall be binding only with respect to tax year 2011. 7. Brief narrative as to why the reduction was made: Value was adjusted based on market sales of comparable lots. 8. Both parties agree that the hearing scheduled before the Arbitrator on November 1st, 2011at 10:30am be vacated. DATED this 17th day of ctpber 2011. P oner(s) or A orney s o y Kney for Respondent, Board of Equalization Address: Address: 7006 S. Alton Way 1«v "0" (bee+ Building A P.U. t ))(- Centennial, CO 80112 &tent, ( "). 1063Z Telephone: 303-694-4673 Telephone: q7O-35(o -/ceio )C 434�F �& asesor �� Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 R1206202 2 WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1206302 AWARD OF ARBITRATOR and ADOPTION OF STIPULATION MONARCH INVESTORS, LLC, Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. THE undersigned Arbitrator, having read the Stipulation entered into between Petitioner, MONARCH INVESTORS, LLC and Respondent, WELD COUNTY BOARD OF EQUALIZATION, previously filed with this Arbitrator, and being otherwise fully advised in the premises, makes the following finding and Orders as follows: 1. The property which is the subject of this appeal is County Schedule Number R1206302, Property Type being Vacant Land. 2. The Petitioner is appealing the 2011 actual value of the above described property. 3. The parties have entered into a Stipulation, (a copy of which is attached hereto as Exhibit A and incorporated as a part of this Award), and have agreed that the 2011 actual value of the subject property should be reduced to a Land value of Twenty-Five Thousand and no/100 Dollars ($25,000.00). 4. The Arbitrator concurs with the determination of value as set forth in the Stipulation, and finds said Stipulation is just and equitable and not reached as a result of duress. AWARD: 1. The 2011 actual value of the subject property shall be as set forth above. The records of the Weld County Assessor shall be adjusted to reflect the 2011 actual value of the subject property. 2. The Arbitrator's fees for conducting this matter are $25.00, which shall be paid as follows: Petitioner: $12.50 Respondent: $12.50 3. Each party shall pay their own witness fees, attorney's fees and miscellaneous costs. DATED THIS 119) day of /At a cs n-tit . / , 2011_ Sue Foster, ARBITRATOR WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1206302 MOTION TO ADOPT STIPULATION MONARCH INVESTORS, LLC Petitioner, v. WELD COUNTY BOARD OF EQUALIZATION Respondent. COME NOW the Petitioner Monarch Investors, LLC, by Thomas R. Kowalski, Manager, and Respondent, by and through its attorney, the Assistant of Bruce T. Barker, Weld County Attorney, below named, and jointly move the Arbitrator named to hear the Petition filed in the above-named matter to adopt the Stipulation reached by the parties in this matter as its decision, and as grounds therefore allege as follows: 1. The Stipulation was reached by the parties after due consideration of the evidence provided by each party. 2. The parties believe that the stipulated 2011 value is a fair and just value. 3. The parties agree that this Stipulation was not reached as a result of duress or undue influence. THEREFORE, the parties request that the Arbitrator assigned in this matter, Sue Foster, adopt as its decision, the Stipulation as to value which was reached by the parties in this matter and enter an Order as to the payment of fees. WELD COUNTY BOARD OF EQUALIZATION Respondent BRUCE T. BARKER WELD COUNTY ATTORNEY /d 2 ? By: ERhAN Date IE L. ARRIES #5809 Assistant Weld County Attorney } a � WELD COUNTY COLORADO BINDING ARBITRATION Single County Schedule Number R1206302 STIPULATION (As To Tax Year 2011 Actual Value) Monarch Investors, LLC, Petitioner, vs. Weld County Board of Equalization, Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly move the Arbitrator to enter a decision based on this Stipulation. Petitioner(s) and Respondent agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L5 BLK6 Monarch Estates 151 Fg. 2. The subject property is classified as Vacant Land property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2011: Land $50,000 Improvements Total $50,000 4. After a timely appeal to the Board of Equalization, the Board of Equalization valued the subject property as follows: Land $25,000 Improvements Total $25,000 5. After further review and negotiation, Petitioner and County Board of Equalization agree to the following tax year 2011 actual value for the subject property: R1206302 1 1 Land $20,000 Improvements Total $20,000 6. The valuation, as established above, shall be binding only with respect to tax year 2011. 7. Brief narrative as to why the reduction was made: Value was adjusted based on market sales of comparable lots. 8. Both parties agree that the hearing scheduled before the Arbitrator on November 151, 2011at 10:30am be vacated. DATED this 17 h ay of ctober, 2011. r P titioner(s) or Attorney a ou y Attor ey for Respondent, Board of Equalization Address: Address: 7006 S. Alton Way (1 S'O t).4 c+lteef Building A P. 0, ilov.. 7 Centennial, CO 80112 arte/#.y QO632- Telephone: 303-694-4673 Telephone:✓✓ q71 -3C b- ) V 43iti County Asses r w4 Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 R1206302 2 CLERK TO THE BOARD PHONE: (970) 336-7215, Ext. 4226 1 8 6 I - 2 0 1 1 FAX: (970) 352-0242 915 10TH STREET P. 0. BOX 758 GREELEY, COLORADO 80632 WELD. -COUNTY I I October 7, 2011 Attn: Thomas Kowalski, Manager Monarch Investors, LLC 7006 South Alton Way, Bldg A Centennial, Colorado 80112 RE: Arbitration Hearing - Account#: R1199702 Parcel #: 131311402002 Account#: R1201502 Parcel #: 131311402020 Account#: R1204502 Parcel #: 131311404001 Account#: R1205102 Parcel#: 131311404007 Account#: R1205902 Parcel #: 1313114060W Account#: R1206102 Parcel #: 131311406003 Account#: R1206202 Parcel #: 131311406004 Account#: R1206302 Parcel #: 131311406005 Dear Petitioner: You are hereby notified that an Arbitration Hearing has been set, at your request, for Tuesday, November 1, 2011, at 10:30 a.m. The hearing will be held in the County Attorney's Dearfield Conference Room, located within the Weld County Administration Building, 1150 O Street, Greeley, Colorado 80631. Sue Foster will be presiding as Arbitrator. If you have questions, please do not hesitate to contact me at (970) 336-7215 Ext. 4226. Sincerely, s �� it) S�C1Po<i� Esther E. Gesick Deputy Clerk to the Board egesick@co.weld.co.us cc: County Attorney Assessor Sue Foster WELD COUNTY, COLORADO OATH OF ARBITRATOR Taxpayer, MONARCH INVESTORS, LLC v. WELD COUNTY BOARD OF EQUALIZATION I solemnly swear and affirm under penalty of perjury that I meet the qualifications of Section 39-8-108.5, C.R.S., that I will be completely impartial, and that I will fairly and justly determine the issues placed before me. I further swear and affirm that I have no financial or personal interest in the outcome of the arbitration of this case, and have no existing or past financial, business, professional,family or social relationships with any of the parties or their attorneys that will affect my impartiality or create an appearance of partiality or bias except /O— if— /7 SIGNATURE DATE M:\BOE ARBITRATE.doc 8/22/11 CLERK TO THE BOARD PHONE: (970)336-7215 EXT.4226 1 8 6 1 - 2 0 1 I EAX: ) 352-0242 11500O STREET P.O. BOX 758 . GREELEY, COLORADO 80632 WELD__-COUNTY August 23, 2011 MONARCH INVESTORS LLC 7006 S ALTON WAY BLDG 1 CENTENNIAL CO 80112 RE: Account#: R1199702, R1201502, R1204502, R1205102, R1205902, R1206102, R1206202, R1206302 Dear Petitioner: This is to acknowledge your request for arbitration pursuant to Section 39-8-108, C.R.S. In an effort to expedite handling of cases,the Weld County Board of County Commissioners has adopted rules and procedures for the arbitration process. Enclosed for your review is the list of approved arbitrators, a copy of the rules and procedures, and a petition. The petition must be completed by the property owner or legal counsel and returned to this office with the appropriate fees. Upon receipt of the petition and advancement of fees,your case will be assigned for arbitration. It is important to promptly comply with the rules and procedures to ensure that your case is dealt with in a fair and expeditious matter. Sincerely, at`' )C/at.ei Esther E. Gesick Deputy Clerk to the Board End. M:\BOE\ARBITRATE.doc 9/02/09 / WELD COUNTY, COLORADO PETITION FOR ARBITRATION Taxpayer, / i/DY1Orck inv dvrt f L.LC- v. WELD COUNTY BOARD OF EQUALIZATION 1. The undersigned property owner or authorized agent, pursuant to Section 39-8-108, C.R.S., requests arbitration. 2. The subject property is located in Weld County with address or legal description as follows: See attached list with tax schedule number 3. That the property is (residential real property) (other property). State classification of the property if other than residential, i.e., personal, commercial, vacant land, etc.: Residential real property 4. That the residential arbitration fee in the amount of$150.00 is hereby advanced, to be held in trust pending a decision of the arbitrator: OR 4. That the fee estimate of $ agreed upon between the parties is hereby advanced, to be held in trust pending a decision by the arbitrator; OR 4. An application for fee waiver based upon indigence of the petitioner is pending before the Board of County,Commissioners. (Pie Suit, Fosltter- Email e 5. That Na..e, A.,1...., be named and assigned as arbitrator. 6. That the following issues are in need of arbitration Property value UPETITIONER'S SIGNATURE: tiv.-.� 8724,O4 0 ( 1 Date Printed NAME: Thomas R. Kowalski, Manager of Monarch Investors, LLC ADDRESS: 7006 S. Alton Way, Bldg. A, Centennial, CO 80112 PHONE #: (303)694-4673 E-mail. tom@respondcorp.com M:\BO E\AR B I TRATE.doc 9/02/09 • Monarch Investors, LLC Petition for Arbitration Item 2 Account#: Parcel#: Legal Description R1199702 131311402002 FIR 1ME L2 BLK 2 MONARCH ESTATES 1ST FG R1201502 131311402020 FIR 1ME L20 BLK 2 MONARCH ESTATES 1ST FG R1204502 131311404001 FIR 1ME L1 BLK 4 MONARCH ESTATES 1ST FG R1205102 131311404007 FIR 1ME L7 BLK 4 MONARCH ESTATES 1ST FG R1205902 131311406001 FIR 1ME Ll BLK 6 MONARCH ESTATES 1ST FG R1206102 131311406003 FIR 1ME L3 BLK 6 MONARCH ESTATES 1ST FG R1206202 131311406004 FIR 1ME L4 BLK 6 MONARCH ESTATES 1ST FG R1206302 131311406005 FIR 1ME L5 BLK 6 MONARCH ESTATES 1ST FG 7/ae Monarch Investors, LLC 006 South Alton Way Building A I: f_= j Centennial, CO 80112 (303)694-4673 Fax(303) 694-2469 August 9, 2011 VIA USPS Certified Mail Receipt#70110470000341574338 Weld County Board of Equalization Ms. Esther Gesick Deputy Clerk to the Board Po Box 758 Greeley, CO 80632 RE: Appeal of Board of Equalization 2011 Decision regarding Assessor's Valuation Dear Ms. Gesick: This letter shall serve as notification to the County Board of Equalization that Monarch Investors, LLC, will appeal the value as determined by the CBOE and will submit its case to binding arbitration for the following properties: Account#: Parcel It: Legal Description R1199702 131311402002 FIR 1ME L2 BLK 2 MONARCH ESTATES 1ST FG R1201502 131311402020 FIR 1ME L20 BLK 2 MONARCH ESTATES 1ST FG R1204502 131311404001 FIR 1ME Ll BLK 4 MONARCH ESTATES 1ST FG R1205102 131311404007 FIR 1ME L7 BLK 4 MONARCH ESTATES 1ST FG R1205902 13f311406001 FIR 1ME Ll BLK 6 MONARCH ESTATES 1ST FG R1206102 131311406003 FIR 1ME L3 BLK 6 MONARCH ESTATES 1ST FG R1206202 131311406004 FIR 1ME L4 BLK 6 MONARCH ESTATES 1ST FG R1206302 131311406005 FIR 1ME L5 BLK 6 MONARCH ESTATES 1ST FG Sin rely, -ter Thomas R. Kowalski Manager CC C+l, ASI: 2, oIi- IS Esther Gesick From: Tom Kowalski [tom@respondcorp.com] Sent: Thursday, October 06, 2011 10:16 AM To: Esther Gesick; Stephanie Arries; Bruce Barker; Brenda Dones; Chris Woodruff; Sue Foster; Carol Linser Subject: RE: Binding Arbitration Hearing - Monarch Investors, LLC I have accepted the time and place. Tom Kowalski 7006 S. Alton Way Building A Centennial, CO. 80112 303-694-4673 Off 303-694-2469 Fax Original Appointment From: Esther Gesick [mailto:egesicl alco.weld.co.us] Sent: Wednesday, October 05, 2011 3:43 PM To: Esther Gesick; Stephanie Arries; Bruce Barker; Brenda Dones; Tom Kowalski; Chris Woodruff; Sue Foster; Carol Linser Subject: Binding Arbitration Hearing - Monarch Investors, LLC When: Tuesday, November 01, 2011 10:30 AM-12:00 PM (GMT-07:00) Mountain Time (US &Canada). Where: Weld Admin Attorney's Conf Room Tom and Carol-I've reserved the County Attorney's conference room here at the Weld County Administration Building, 1150 0 Street,Greeley Colorado(located at the corner of 11th Avenue and 0 Street). Please contact me if you need more specific directions. I will send an updated calendar appointment with a scanned copy of all the backup materials I have and any of the parties may e- mail me with any supporting documentation you wish to provide prior to the hearing and I will forward it accordingly. Thanks! «Message:RE:Arbitrator» «Message:RE:Arbitrator» 1 Esther Gesick From: Carol Linser[carol@respondcorp.com] Sent: Wednesday, October 05, 2011 3:14 PM To: Esther Gesick; sue@fosterval.com Cc: Bruce Barker; Stephanie Arries; Chris Woodruff; Brenda Dones; Tom Kowalski Subject: RE: Arbitrator Attachments: image001.png Esther, Any time after 9:30 a.m. on November 1 or 2 would work for Tom. Carol From: Esther Gesick Jmailto:egesick@co.weld.co.usl Sent: Wednesday,October 05, 2011 3:01 PM To:Carol Linser; sue@fosterval.com Cc: Bruce Barker; Stephanie Arries; Chris Woodruff; Brenda Dones; Tom Kowalski Subject: RE:Arbitrator Carol, I called and spoke with Sue Foster(c/o Foster Evaluation Company, 910 54th Avenue, Suite 210, Greeley, Colorado 80634) and explained the status of the fee arrangement and general location of the subdivision and she indicated she would be willing to serve as arbitrator and has more flexibility in her schedule. It's my understanding, based on discussions with the County Attorney and Assessor Offices, that mid-week starting in November would best suit their schedule. Sue and Carol - Please check your schedules for the following dates(November 1, 2, 7, and 10)and let me know which would date(s)/time(s)work best so I can reserve a conference room and send an appointment for everyone's calendars. Thanks! Esther E. Gesick Deputy Clerk to the Board/Office Manager 1150 O Street,P.O. Box 758(Greeley, CO 80632 tel: (970)336-7215 X4226 lad )5II W F t0_''C O ll N o r 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. 1 From:Carol Linser Jmailto:carol@respondcorp.coml Sent:Wednesday,October 05, 2011 12:31 PM To: Esther Gesick Subject:Arbitrator Hi Esther, Do any of the other arbitrators have better availability? Thanks, Carol 2 Esther Gesick From: Esther Gesick Sent: Monday, October 03, 2011 3:38 PM To: Stephanie Arries; Bruce Barker Cc: carol@respondcorp.com; Chris Woodruff; Brenda Dones; Tom Kowalski; Esther Gesick Subject: FW: Arbitration Fee- Monarch Investors, LLC Bruce or Stephanie, Please see the message below. I am deferring to you on how to proceed in response to Mr. Kowalski on behalf of Monarch Investors. Thanks! Esther E. Gesick Deputy Clerk to the Board/Office Manager 1150 O Street P.O. Box 7581 Greeley, CO 80632 tel: (970)336-7215 X4226 IS, 1011 WIcO 'C-O jNI • 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: Carol Linser [mailto:carol@respondcorp.com] Sent: Monday, October 03, 2011 3:28 PM To: Esther Gesick Subject: FW: Arbitration Fee - Monarch Investors, LLC Hi Esther, Tom Kowalski sent an email to your office last Wednesday, September 28, and I haven't seen a response. Do you know when we can expect a response? Tom is out for a medical issue through tomorrow but I know he would like to get the arbitration scheduled as soon as possible. Thank you. Carol Linser From:Tom Kowalski Sent:Wednesday,September 28, 2011 1:26 PM To: bbarker@co.weld.co.us; egesick@co.weld.co.us; cwoodruff@co.weld.co.us; bdones@co.weld.co.us Cc:Carol Linser Subject:Arbitration Fee- Monarch Investors, LLC 1 Well, I guess I'm getting a taste of government at work, but not for the citizen. Why in the world doesn't anyone have the ability to make a common sense decision regarding this matter? When it was heard by the commissioners it was heard as ONE case/hearing, now it has become eight hearings. Will they be on separate days so I can make eight trips, that way we'll be creating jobs; extra gas sales, new tires, tuneup on the car etc? No wonder this country is in trouble; please look at this case again for costs. The only reason I'm appealing is that one commissioner couldn't see cutting the valuation too low as it impacts the budget. I showed every sale but that wasn't enough. Please let me know if you will consider the fee requested? Regards, Tom Kowalski 7006 S. Alton Way Building A Centennial, CO. 80112 303-694-4673 Off 303-694-2469 Fax From:Carol Linser Sent:Tuesday,September 27, 2011 1:29 PM To:Tom Kowalski Subject: FW:Arbitration Fee- Monarch Investors, LLC From: Esther Gesick [mailto:egesick@co.weld.co.us] Sent:Tuesday,September 27, 2011 12:28 PM To: Carol Linser Cc: Bruce Barker;Chris Woodruff; Brenda Dories; Esther Gesick Subject: FW: Arbitration Fee- Monarch Investors, LLC Hi Carol, I've received a response from the County Attorney's Office (see message below) and he maintains the amount is per case, not per hearing. Based on that determination, please advise on whether you intend to submit the remaining fee ($1,200-$150 paid = $1,050 due)or withdraw the matter. I would point out that the fee is held in trust by the Clerk to the Board, pending a determination by the Arbitrator as to who is responsible for final payment, per the Arbitration Fee Agreement. Also, I have not received any response from Nancy Anders so I will need for you to indicate which of the remaining Arbitrators you wish to select: West Foster, Sue Foster, or Gene Stille. Thanks! Esther E. Gesick Deputy Clerk to the Board/Office Manager 1150 O Street P.O. Box 758 Greeley, CO 80632 tel: (970)336-7215 X4226 2 11341 TJII W :: U N •y 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: Bruce Barker Sent:Tuesday, September 27, 2011 10:11 AM To: Esther Gesick Subject: RE:Arbitration Fee- Monarch Investors, LLC I think the question is whether the arbitrator will take a fee that is less than $150 per case. The highlighted part of the statute shows that it's that price per case for residential. For commercial or industrial,we can negotiate a price, but usually that will be more than $150 per case. So, I think the answer is$150 per case and not that amount for all of the cases they have that day. §39-8-108.5.Arbitration of property valuations--arbitrators--qualifications--procedures (1)(a) In order to give taxpayers an alternative to pursuing an appeal of the county board of equalization's decision through either the board of assessment appeals or the district court, an arbitration process shall be established.The board of county commissioners shall develop a list of persons who shall be qualified to act as arbitrators of property valuation disputes. Such list shall be kept in the office of the county clerk and recorder. (b) Except as otherwise provided in paragraph (c) of this subsection (1), persons on such list shall be, in addition to any other qualifications deemed necessary by the board,experienced in the area of property taxation,on and after June 1, 1993, be registered, licensed, or certificated pursuant to part 7 of article 61 of title 12, C.R.S., and be any one of the following: (I) An attorney licensed to practice law in the state; (II) An appraiser who is a member of the institute of real estate appraisers or its equivalent; (Ill)A former county assessor; (IV)A retired judge; (V)A licensed real estate broker. (c) No person shall act as an arbitrator of property valuation disputes in any county during any property tax year in which such person represents or has represented any taxpayer in any matter relating to the protest and appeal of property valuation or to the abatement or refund of property taxes. (2)(a)Within thirty days of the county board of equalization's decision, any taxpayer who plans to pursue arbitration shall notify the board of his intent.The taxpayer and the county board of equalization shall select an arbitrator from the list prepared pursuant to subsection (1) of this section within forty-five days of the county board of equalization's decision or within thirty days from the date the list of arbitrators is made available in any given year,whichever is later. 3 In the absence of agreement by the taxpayer and the county board of equalization within said specified time period, the district court of the county in which the property is located shall select an arbitrator from said list. (b) If a taxpayer acts pursuant to paragraph (a)of this subsection (2), the county board of equalization shall be required to participate in arbitration and to accept the arbitrator selected. (3)(a)Arbitration hearings shall be at a time and place set by the arbitrator with the mutual consent of the taxpayer and the county board of equalization.The arbitration hearing shall be held within sixty days from the date the arbitrator was selected. (b) Procedure at arbitration hearings shall be informal, and strict rules of evidence shall not be applied except as necessitated in the opinion of the arbitrator by the requirements of justice. All questions of law and fact shall be determined by the arbitrator. (b.5)The taxpayer shall produce information to support his contention that the property should be valued differently. The assessor shall produce information to support the basis and amount of his valuation of the property. Both the information of the assessor and the information of the taxpayer shall be considered by the arbitrator in making his decision. (c)The arbitrator may issue or cause to be issued subpoenas for the attendance of witnesses and for the production of books, records, documents, and other evidence and shall have the power to administer oaths.Subpoenas so issued shall be served and, upon application to the district court by the taxpayer or the county board of equalization or the arbitrator, enforced in the manner provided by law for the service and enforcement of subpoenas in civil actions. (d)The taxpayer and the county board of equalization shall be entitled to attend, personally or with counsel, and participate in the proceedings. Such participation may include the filing of briefs and affidavits. Upon agreement of both parties, the proceedings may be confidential and closed to the public. (e) No record of the proceedings is required. (f)The arbitrator's decision shall be made in accordance with applicable Colorado property tax laws.The arbitrator's decision shall be in writing and signed by the arbitrator. (g)The arbitrator shall deliver a copy of his decision to the parties personally or by registered mail within ten days of the hearing.Such decision shall be final and not subject to review. (4)An arbitrator shall be immune from civil liability arising from participation as an arbitrator and for all communications,findings,opinions, and conclusions made in the course of his duties under this section. (5)(a)An arbitrator's expenses and fees shall not exceed one hundred fifty dollars per case concerning residential real property. For cases concerning any taxable property other than residential real property, an arbitrator's expenses and fees shall be an amount agreed upon by the taxpayer and the county board of equalization. (b)The arbitrator's fees and expenses, not including counsel fees, incurred in the conduct of the arbitration shall be paid as provided in the decision. (6)Any decision of the county board of equalization regarding a 1987 property valuation which has been appealed to either the board of assessment appeals or the district court and which has not been heard or adjudicated may be submitted to arbitration pursuant to this section at the request of the taxpayer. Bruce T. Barker, Esq. Weld County Attorney 4 P.O. Box 758 1150"O" Street Greeley, CO 80632 (970) 356-4000,ext. 4390 Fax: (970) 352-0242 i66 , TJI art: WEi2_'COUNt. 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: Esther Gesick Sent:Tuesday,September 27, 2011 9:48 AM To: Bruce Barker Cc: Esther Gesick Subject: FW:Arbitration Fee- Monarch Investors, LLC Bruce, I need to contact the petitioner and inform them they need to select a different arbitrator(Nancy Anders) is not responding. What did you determine from the Statute on the fee? $150—1 hearing, or$1,200-8 parcels. I'll address the payment issue when I contact them as well so we can get them scheduled. Thanks! Esther E. Gesick Deputy Clerk to the Board/Office Manager 1150 O Street)P.O. Box 758'Greeley, CO 80632 tel: (970)336-7215 X4226 isai Toil WEttciUN?V 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: Esther Gesick Sent:Thursday,September 22, 2011 2:48 PM To: Bruce Barker Cc:carol@respondcorp.com; Esther Gesick Subject:Arbitration Fee- Monarch Investors, LLC 5 Bruce, The issue in question is whether the Arbitration fee is per hearing(petitioner has paid $150), or per parcel ($150 X 8= $1,200), or otherwise as determined by the Arbitrator. Please advise. Thanks! Esther E. Gesick Deputy Clerk to the Board/Office Manager 1150 O Street'P.O. Box 7581 Greeley, CO 80632 tel: (970)336-7215 X4226 P6 I 101i WED a>UNTr 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. OOuttal Lau- —R O) ) IDgt— £l(73 eared Q rzpndcorp•ca7w Lti_tL� Lie u a# 6 0 RECEIPT DATE /2-7-20/1 NO. 86081 ° -o c4 RECEIVED FROM l) 6YI0ACAi el t 'l4)j �t U o o ADDRESS l mco o .'�eun.phr.sdka 4-t'/Qia�o $ 4100.an 8 2 o (ifFOR f24,tnt0.V jAdi `-'�Wi!�! �/l.tt..7' -o m a HOW PAID # jou_ Y 4 I037 U C7 + CASH 0 CHECK tiI IM BY �/W(/�W�.J \14._•.01 MONEY ,y{•,�J �� ORDER CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX BOX 758 GREELEY, COLORADO 80632 COLORADO August 2, 2011 MONARCH INVESTORS LLC 7006 S ALTON WAY BLDG A CENTENNIAL, CO 80112 RE: THE BOARD OF EQUALIZATION, 2011,WELD COUNTY, COLORADO-DENY, IN PART, PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT#/ PARCEL#: VARIOUS -SEE ATTACHED LIST Dear Petitioner: On July 28, 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 petitions of appeal of the County Assessor's valuation of your properties described in the attached list, for the year 2011. The Board of Equalization found that the evidence presented at the hearing supported the value placed upon your above described properties as set below. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages,figures and formulas dictated by law. The assessment and valuation is set as follows: ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY SET BY BOARD ASSESSOR $50,000 $25,000 (161,1,4ET(/e> J �'-3-ate// 2011-1826 AS0079 MONARCH INVESTORS LLC - VARIOUS ACCOUNTS 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 fled 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 2011-1826 AS0079 MONARCH INVESTORS LLC - VARIOUS ACCOUNTS 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 t�trr-ulyyy�yours, Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2011-1826 AS0079 MONARCH INVESTORS LLC -VARIOUS ACCOUNTS Page 4 DESCRIPTION OF PROPERTY:ACCOUNT#: R1199702 PARCEL#: 131311402002-FIR 1ME L2 BLK2 MONARCH ESTATES 1ST FG DESCRIPTION OF PROPERTY:ACCOUNT#: R1201502 PARCEL#: 131311402020-FIR 1ME L20 BLK2 MONARCH ESTATES 1ST FG DESCRIPTION OF PROPERTY:ACCOUNT#: R1204502 PARCEL#: 131311404001 - FIR 1ME L1 BLK4 MONARCH ESTATES 1ST FG DESCRIPTION OF PROPERTY:ACCOUNT#: R1205102 PARCEL#: 131311404007-FIR 1 ME L7 BLK4 MONARCH ESTATES 1ST FG DESCRIPTION OF PROPERTY:ACCOUNT#: R1205902 PARCEL#: 131311406001 -FIR 1 ME L1 BLK6 MONARCH ESTATES 1ST FG DESCRIPTION OF PROPERTY:ACCOUNT#: R1206102 PARCEL#: 131311406003-FIR 1 ME L3 BLK6 MONARCH ESTATES 1ST FG DESCRIPTION OF PROPERTY:ACCOUNT#: R1206202 PARCEL#: 131311406004-FIR 1ME L4 BLK6 MONARCH ESTATES 1ST FG DESCRIPTION OF PROPERTY:ACCOUNT#: R1206302 PARCEL#: 131311406005-FIR 1ME L5 BLK6 MONARCH ESTATES 1ST FG 2011-1826 AS0079 Weld County CHRISTOPHER M.WOODRUFF COUNTY ASSESSOR BRENDA DONES,DEPUTY ASSESSOR VALUATION REPORT OF VACANT LAND FOR Weld County Board of Equalization MONARCH INVESTORS LLC PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 1313-11-4-02-002+7 Schedule Number: R1199702+7 Log Number: 5406 Date: 7/28/2011 Time: 10:15 AM Board: CBOE PREPARED BY MARTA ARNDT WELD COUNTY ASSESSOR'S OFFICE STAFF APPRAISER ASSESSOR'S VALUE VACANT LAND $50,000 Total: $50,000 CBOE_VacLand_010998 Page 1 d0//-/gar2 6 ACCOUNT NUMBERS R1199702 R1205902 R1206102 R1206202 R1206302 R1201502 R1204502 R1205102 CBOE_VacLand_01099 Page GENERAL DESCRIPTION OF SUBJECT The subject property is 8 fully developed lots described as Filing #1of the Monarch Estates Subdivision located within the town limits of Firestone. The entire Monarch Estates subdivision is approximately 27.5 acres and has platted 140 buildable sites, ranging in size from .158 to .503 acres each. Filing #1 encompasses the eastern half of the subdivision and includes 73 buildable sites, 61 of which have residential building improvements. Filing 1 has surpassed the 80% threshold and has no discounting. Filing #2 encompasses the western portion of the subdivision and being valued by market present worth discounting. The 8 subject lots have been inspected every January since 2002. All utilities are clearly evident on each lot. All roads, street signs, street lights, and mail boxes have also been installed. TILBURY CT BALD EAGLE CIR BARRON CIR 4 .. ` is - Filing 2 lop M ' 4 � ♦ cyan t' ♦ Filing 1 sass4 w At Dee. ros, t %Of, .7 • 41+O,„ dict. k44$ttli# sm. IPA # 400 ell \CRI22 - \ ! \ / CBOE_VacLand_010998 Page 3 Subject Photos . it/ / !s A OP lir 078 ll 1A imar . wrinfr-4 ;Cm '71 ' CMINEPH 11 • p U a . 4.40.1 CIS CE3OE_VacLand_ 01099€ Page t APPROACHES TO VALUE The value of vacant, non-agricultural land shall be determined by appropriate consideration to the cost, market,and income approaches to value, as required by§ 39-1-103(14)(b), C.R.S. Assessors are required to consider,and when applicable, to apply the present worth valuation procedure when using the market approach to value vacant land, § 39-1-103(14)(b), C.R.S. As required by 39-1-104(10.2), C.R.S.,the market value is determined by utilizing data from the period of one and one-half years immediately prior to June 30th, 2010. If sufficient comparable valuation data is not available within the eighteen-month time period, the assessor shall use market data from the five year period immediately prior to June 30th, 2010. When appropriate, all sales are to be time adjusted to the appraisal date of June 30th, 2010. Although the appraisal date is June 30, 2010, the physical characteristics are reflective of the property as of January 1, 2011. DEFINITION OF MARKET VALUE: The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms,for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self interest, and assuming that neither is under undue duress."{The Appraisal Institute} After consideration of the cost, market and income approaches to value, the final market value of the property as of June 30th, 2010 is: ASSESSOR'S VALUE VACANT LAND $50,000 Total: $50,000 CBOE_VacLand_010998 Page 5 Cost Approach The developmental cost method, or cost approach, is used primarily where sales are limited and the land is in transition from agricultural use to residential, or if the lots are not yet fully developed. This method was not used as these lots were fully developed. Income Approach Since there was no data available for the capitalization of ground rents on vacant residential lots, the income approach was not utilized. Market (Sales) Approach Since there was an adequate quantity of qualified sales data available, the direct sales comparison approach was deemed the best method in determining the adjusted sales price. The Weld County Assessor's Office has verified that the comparable sales are arms-length transactions based on review of the Real Property Transfer Declaration, telephone or personal confirmation interviews and physical inspections to confirm property characteristics at the time of sale. Three vacant land sales were found in the area that are comparable based on location and physical attributes. Subdivision Account # Sale Date Sale Price Gross Acre Comparable 1 Stoneridge R4895207 6/25/09 48,700 .3391 Comparable 2 Stoneridge R4885707 5/28/10 62,000 .2792 Comparable 3 Moore Farm R2025503 3/26/09 60,200 .1886 There were multiple vacant land sales in this area. These are three sales that are within a couple of miles of the subject and are in similar subs with similar improvements. In addition, an analysis of the Allocation Method in this subdivision concluded a lot value of $50,000 when using a 20% land to building ratio. There were 11 improved sales in Monarch Estates. The sales range is from $174,500 to $264,000 for an average of $219,250. A 20% land to building ratio calculates to $43,850. Based on the range of lot sales from $60,200 to $62,000 and given that the $62,000 sale was for a single lot and occurred closer to the June 30th, 2010 Appraisal date, and bolstered by the Allocation method of improved sales, the unadjusted selling price for all vacant lots in the Monarch Estates subdivision was set at $50,000. Therefore, the total market value is: $50,000 per lot multiplied by 8 lots For a total value of $400,000 C BOE_VacLand_01 0991 Pagel Comparable Map t •0 _ :SHENANDOAH•AV u ./or• ttfttiiiiifj7•r1 •ice�ittr 1 ►�I►, SCENIC AV 'ill j f 1 jai Monarch Estates- Subject II a I F CR22 mloo RUSTIC AV -4- . .-Nr .1 /2/ I ... \. RUBY ''‘I I-ob,*f Stoneridge- Comp 1 and 2 ,Q j ____I . ,--4-490 .\., . ; RIMROCK AV F— O4. ��\- ka4 R; w..,, MROADRUNNERAV) S ♦l r 7 - REMINGTON AV i 1 I --1 \ 11, _> " WETLANDS:DRa r ..■ I ?-` t//■ ! rr "Ia fret -�, ._ r r air TETON DR a, atm • 4t hi m SW:AZAR:WAY' p 00 m Jt . '5$:tt9 oil 14 3_A1I a!/// f. ` . r1 �r f� 1/// O . 1 M 7J se wall MIMI --I SAL'AZAR LN cc • D ¢ .� [�j r l 1 li D X a L_i.J lE t� WI p — (BRUIN BLVD < < a■ rr Ora Is.I1 in WM ,: ter' arar r OM INIS Ail 11.Moore Farm Comp 3 , x -, D • ro,ii JAL ' r� i CR=20'� BELLA ROSH PKWY 11111l,Tt -1 l J I NUiSTANfi_DR „. •�� k. 1ll1i1111lfllily •�•� VGA TUT . iIIIII �g fwaco a I .1 4 ( L OBOE VacLand 0109 Pagi /O f5 Va2 NOTICE OF DETERMINATION Christopher M. Woodruff Date of Notice: 6/22/2011 Weld County Assessor 4 -; Telephone: (970) 353-3845 or (720) 652-4255 1400 N 17th Ave " j Fax: (970) 304-6433 Greeley, CO 80631 , =1 I fa li_ l 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. tTAtF AR LEGAL DESCRIPTION/ EA • _ t , PHYSICAL LOCATION R1199702 2011 2084 FIR 1ME L2 BLK2 MONARCH ESTATES 1ST FG , FIRESTONE MONARCH INVESTORS LLC 33 7006 S ALTON WAY BLDG A j. CENTENNIAL,CO 80112 UI W c 0 rc a •+.._,f _ASSESSUR'S.YALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO . ACTUAL VALUE AFTER REVIEW REVIEW VACANT LAND 50,000 50,000 TOT ►L $50,000 $50,000 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: LN16 - The discount procedure for your subdivision has been checked and it is correct based on instructions published by the state division of property taxation. 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. 15-DPT-AR 2011-1826 PR 207-08/11 R1199702 11952 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before July 20 for personal property— after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado.00v/baa (970) 356-4000 Ext. 4520 Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. ,;,:PETITION,TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of a specific dollar amount is required for real property'pursuant to § 39-8-106(1.5), C.R.S.) $ 11,00.00 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.) This vacant lot should be valued the same as the other 43 vacant lots. No comparable sales to support a $50,000 valuation. ATTESTATION I, t undersigned own or ent' of the property identified above, affirm that the statements contained in and c an eta me s hereto are true and complete. 303-694-4673 7/13/11 Signature Telephone Number Date Attach letter of authorization signed by property owner. 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 1r,.,F 8 A II; 01 E-mail: appeals@co.weld.co.us www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO TAI(t4 4R r TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R1205902 2011 2084 FIR 1ME L1 BLK6 MONARCH ESTATES 1ST FG , FIRESTONE Z MONARCH INVESTORS LLC 3 7006 S ALTON WAY BLDG A O CENTENNIAL,CO 80112 w a 0 Q ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW VACANT LAND 50,000 50,000 TOTAL $50,000 $50,000 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: LN16 - The discount procedure for your subdivision has been checked and it is correct based on instructions published by the state division of property taxation. 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. 15-DPT-AR PR 207-08/11 R1205902 11956 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10'"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.aov/baa (970) 356-4000 Ext. 4520 Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. ,:PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of a specific dollar amount is required for real property ursuant to § 39-8-106(1.5), C.R.S.) $ 11,000.00 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.) This vacant lot should be valued the same as the other 43 vacant lots. No comparable sales to support a $50,000 valuation. ATTESTATION I, e undersigned owner o gen of the property identified above, affirm that the statements contained h r in nd on atta m is h reto are true and complete. 303-694-4673 7/13/11 Signature Telephone Number Date I Attach letter of authorization signed by property owner. 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 - E-mail: appeals@co.weld.co.us www.co.weld.co.us = ,„ IC L, it. 01 Office Hours: 8:00 AM 5:00 PM U SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R1206102 2011 2084 FIR 1ME L3 BLK6 MONARCH ESTATES 1ST FG Ct , FIRESTONE i MONARCH INVESTORS LLC 7006 S ALTON WAY BLDG A CENTENNIAL,CO 80112 CC w n cc a. ...ASSESSPE'S.YAt-IIATION ACTUAL VALUE PRIOR TO PROPERTY CLASSIFICATION ACTUAL VALUE AFTER REVIEW REVIEW VACANT LAND 50,000 50,000 TOTAL $50,000 $50,000 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: LN16- The discount procedure for your subdivision has been checked and it is correct based on instructions published by the state division of property taxation. 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. 15-DPT-AR PR 207-08/11 R1206102 11957 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 91510th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before July 20 for personal property— after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado.gov/baa (970) 356-4000 Ext. 4520 Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. PETITION TO;COUNTY BOARD OF EQUALIZATION What Is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 11,000.00 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.) This vacant lot should be valued the same as the other 43 vacant lots. No comparable sales to support a $50≥000 valuation. ATTESTATION , the undersigned owner or gent' of the property identified above, affirm that the statements contained erei and on a attac m s her o are true and complete. 303-694-4673 7/13/11 Signature hone Number Date Attach letter of authorization signed by property owner. 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 E-mail: appeals@co.weld.co.us www.co.weld.co.us ! ! 18 A II: ill Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ v PHYSICAL LOCATION R1206202 2011 _ 2084 FIR 1ME L4 BLK6 MONARCH ESTATES 1ST FG Er , FIRESTONE Z MONARCH INVESTORS LLC G 7006 S ALTON WAY BLDG A CENTENNIAL,CO 80112 a d _ASSESSQB'S.YAWATKIN t __ _ .. ACTUAL VALUE PRIOR TO PROPERTY CLASSIFICATION ACTUAL VALUE AFTER REVIEW REVIEW VACANT LAND 50,000 50,000 TOTAL $50,000 $50,000 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: LN16- The discount procedure for your subdivision has been checked and it is correct based on instructions published by the state division of property taxation. 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. 15-DPT-AR PR 207-08/11 R1206202 11958 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before July 20 for personal property— after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado.gov/baa (970) 356-4000 Ext. 4520 Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. ,PETITION;TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 11,000.00 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.) This vacant lot should be valued the same as the other 43 vacant lots. No comparable sales to support a $50,000 valuation. ATTESTATION e undersigned owne r a ent' of the property identified above, affirm that the statements contained h ein and o any attac en hereto are true and complete. I, 303-694-4673 7/13/11 Signature Telephone Number Date t Attach letter of authorization signed by property owner. 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 S Fax: (970) 304-6433 Greeley, CO 80 3i .) , ,, I 8 A !l: f } E-mail: appeals@co.weld.co.us Gwwey Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO, . X Y,t;AR TAX AREA LEGAL DESCRIPTION/ TA . to L) PHYSICAL LOCATION 81206302 2011 2084 FIR 1ME L5 BLK6 MONARCH ESTATES 1ST FG zMONARCH INVESTORS LLC , FIRESTONE 3 7006 S ALTON WAY BLDG A } CENTENNIAL,CO 80112 CC W a s a ACTUAL VALUE PRIOR TO PROPERTY CLASSIFICATION ACTUAL VALUE AFTER RE1/IEW REVIEW VACANT LAND 50,000 50,000 TOTAL $50,000 $50,000 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: LN16- The discount procedure for your subdivision has been checked and it is correct based on instructions published by the state division of property taxation. 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. 15-DPT-AR PR 207-08/11 R1206302 11925 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10`h 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 10'"Street, P.O. Box 758 Greeley, CO 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before July 20 for personal property— after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado.gov/baa (970) 356-4000 Ext. 4520 Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 11,000.00 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.) This vacant lot should be valued the same as the other 43 vacant lots. No comparable sales to support a $50000 valuation. ATTESTATION I, he undersigned ow r or gent' of the property identified above, affirm that the statements contained h ein an any att c me s hereto are true and complete. 303-694-4673 7/13/11 Signature Telephone Number Date ' Attach letter of authorization signed by property owner. 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 18 A i . 0-j E-mail: appeals@co.weld.co.us www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. , . 'FADS YEAR`'.; AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R1201502 2011 2084 FIR 1ME L20 BLK2 MONARCH ESTATES 1ST FG , FIRESTONE III MONARCH INVESTORS LLC a 7006 S ALTON WAY BLDG A CENTENNIAL CO 80112 re ASSESSOR'S VALUATION . ACTUAL VALUE PRIOR TO PROPERTY CLASSIFICATION ACTUAL VALUE AFTER REVIEW REVIEW VACANT LAND 50,000 50,000 TOTAL - $50,000 $50,000 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: LN16- The discount procedure for your subdivision has been checked and it is correct based on instructions published by the state division of property taxation. 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. 15-DPT-AR PR 207-08/11 R1201502 11953 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or beforeJuly 20 for personal property— after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado.gov/baa (970) 356-4000 Ext. 4520 Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. if the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. ,,,:PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 11,000.00 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.) This vacant lot should be valued the same as the other 43 vacant lots. No comparable sales to support a $50,000 valuation. ATTESTATION I I, t e undersigned owner a nt' of the property identified above, affirm that the statements contained in and o ny ac n hereto are true and complete. 303-694-4673 7/13/11 Signature Telephone Number Date Attach letter of authorization signed by property owner. NOTICE OF DETERMINATION Christopher M. Woodruff Date of Notice: 6/22/2011 Weld County Assessor i,/ Telephone: (970) 353-3845 or (720) 652-4255 1400 N 17th Ave Fax: (970) 304-6433 Greeley, CO 80631 E-mail: appeals@co.weld.co.us www.co.weld.co.us (- �l Office Hours: 8:00 AM - 5:00 PM 18 ASCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ z , PHYSICAL LOCATION R1204502 2011 2084 FIR 1ME L1 BLK4 MONARCH ESTATES 1ST FG , FIRESTONE MONARCH INVESTORS LLC 7006 S ALTON WAY BLDG A y CENTENNIAL CO 80112 1- a a w a a _AI;SSESSOR'SVALUARQN -x.:.. ACTUAL VALUE PRIOR TO PROPERTY CLASSIFICATION ACTUAL VALUE AFTER REVIEW REVIEW VACANT LAND 50,000 50,000 TOTAL $50,000 $50,000 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: LN16 - The discount procedure for your subdivision has been checked and it is correct based on instructions published by the state division of property taxation. 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. 15-DPT-AR PR 207-08/11 R1204502 11954 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before July 20 for personal property— after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado.00v/baa (970) 356-4000 Ext. 4520 Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. ,,.PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 11,000.00 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.) This vacant lot should be valued the same as the other 43 vacant lots. No comparable sales to support a $50000 valuation. ATTESTATION I I therundersigned owner r age t of the property identified above, affirm that the statements contained et and o ny atta h is reto are true and complete. \\VV, 303-694-4673 7/13/11 Signature elephone Number Date Attach letter of authorization signed by property owner. NOTICE OF DETERMINATION Christopher M. Woodruff Date of Notice: 6/22/2011 Weld County Assessor j.+ 1. . Telephone: (970) 353-3845 or (720) 652-4255 1400 N 17th Ave ; Fax: (970) 304-6433 Greeley, CO 80631 E-mail: appeals@co.weld.co.us www.co.weld.co.us / g ,A II: 01 Office Hours: 8:00 AM - 5:00 PM LEGAL DESCRIPTION/ SCHEDULE/ACCOUNT NO. TAX"Y R, . ;T AREA r PHYSICAL LOCATION R1205102 2011 2084 FIR 1ME L7 BLK4 MONARCH ESTATES 1ST FG cc , FIRESTONE Z MONARCH INVESTORS LLC 7006 S ALTON WAY BLDG A y CENTENNIAL,CO 80112 re w a. cc a. ASSESSOR'S VALUATJON PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW VACANT LAND 50,000 50,000 TOTAL $50,000 $50,000 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: LN16 - The discount procedure for your subdivision has been checked and it is correct based on instructions published by the state division of property taxation. 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. 15-DPT-AR PR 207-08/11 R1205102 11955 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before"July 20 for personal property— after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado.qov/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 I What is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 11,000.00 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.) This vacant lot should be valued the same as the other 43 vacant lots. No comparable sales to support a $50,000 valuation. ATTESTATION I, the undersigned own: r r age t1 of the property identified above, affirm that the statements contained er n and otrmj attac i ents erpto are true and complete. 303-694-4673 7/13/11 gnature Telephone Number Date ' Attach letter of authorization signed by property owner. W W O O /y� I V - /C IOW UI ON H • VlO OOO- •Z d¢30-00 �0 •awm t Oo COJ • 6 O• O J Z W N co O O co �,E o I� u" $ O X1..1 N N 7 T � W _ v. rr P2 00 'fl . -= • L M r-1e e ‘.O,n° m eC0 o a Fco G.) 00 V] r O L•L L V O O .) '7 --i 0. nN a) L I., Bom co U- �� O N • CLERK TO THE BOARD PHONE (970) 336-7215 EXT 4226 FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us ' 915 10TH STREET P.O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO July 25, 2011 MONARCH INVESTORS LLC 7006 S ALTON WAY BLDG A CENTENNIAL, CO 80112 Parcel No. and Account No.: VARIOUS - SEE ATTACHED LIST Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 28, 2011, at or about the hour of 10:15 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Centennial Center, First Floor Hearing Room, 915 10th Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2011, and mailed to you on or before August 12, 2011. Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you have questions, call (970) 353-3845. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. 2011-1826 -"11a5 Sty>I.c. Lci ln6di (tO AS0079 MONARCH INVESTORS LLC -VARIOUS ACCOUNTS Page 2 Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2011-1826 AS0079 PARCEL#: 131311402002 ACCOUNT#: R1199702 PARCEL#: 131311402020 ACCOUNT#: R1201502 PARCEL#: 131311404001 ACCOUNT#: R1204502 PARCEL#: 131311404007 ACCOUNT#: R1205102 PARCEL#: 131311406001 ACCOUNT#: R1205902 PARCEL#: 131311406003 ACCOUNT#: R1206102 PARCEL#: 131311406004 ACCOUNT#: R1206202 PARCEL#: 131311406005 ACCOUNT#: R1206302 J eRecorded in We, ounty, CO Doc Id: 3648151 09/11/2009 09:46 A Receipt-it: 7431596 Page: 1 of 3 Total Fee: $24.00 Steve Moreno, Clerk and Recorder After Recording, Return to: Bonnie Schlieker MDC Holdings, Inc. 4350 South Monaco Street Denver, CO 80237 SPECIAL WARRANTY DEED THIS DEED, made this 24th day of August, 2009, is between MONARCH INVESTORS, LLC, a Colorado limited liability company ("Grantor"), and RICHMOND AMERICAN HOMES OF COLORADO, INC., a Delaware corporation, whose legal address is 4350 South Monaco Street, Denver, CO 80237("Grantee'). WITNESSETH, that the Grantor, for and in consideration of the sum of EIGHTY a THOUSAND and 00/100 Dollars ($80,000.00), the receipt and sufficiency of which are hereby acknowledged, has granted, bargained, sold and conveyed, and by these presents does grant, its bargain, sell, convey, and confirm, unto the Grantee, its successors and assigns forever, all the real property, together with improvements, if any, situate, lying and being in Weld County, State of itColorado, as more particularly described as: p Lots 8, 9, 10 and 16, Block 2 ° MONARCH ESTATES SECOND FILING, —9 Town of Firestone, County of Weld, State of Colorado was as. incluriing any water and water rights and minerals and mineral rights associated therewith (the l -. "Property"). TOGETHER with all and singular the hereditaments and appurtenances thereto belonging, or in anywise appertaining, and the reversion and reversions, remainder and remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of I. the Grantor, either in law or equity, of, in and to the above bargained premises, with the he�, reditaments and appurtenances. TO HAVE AND TO HOLD the Property, with the appurtenances, unto the Grantee, its • successors and assigns forever. And the Grantor, for itself, its successors and assigns, does covenant and agree that it shall and will WARRANT AND FOREVER DEFEND the above- bargained premises in the quiet and peaceable possession-of the Grantee, its successors and assigns, against all and every person or persons claiming the whole or any part hereof, by, through or under the Grantor, excepting and subject to the Permitted Exceptions, as more particularly set forth in EXHIBIT A attached hereto and incorporated herein by this reference. 91 Igir4 it A-1 eRecorded in We :aunty, CO Doc Id: 3648151 09/11/2009 09:46 A Receipt#: 7431596 Page: 2 of 3 Total Fee:$24.00 Steve Moreno, Clerk and Recorder IN WITNESS WHEREOF, the Grantor has executed this deed on the date set forth above. MONARCH INVESTORS, lC, a C a limited liability omp By: omas R Kowalski, Manager • STATE OF COLORADO ) )ss. COUNTY OF A 111.16{,mom ) The foregoing instrument was acknowledged before me this \ day of' 4p P r ,2009, by Thomas R. Kowalski as Manager of MONARCH INVESTORS, LLC, a Colorado limited liability company. WITNESS my hand and official seal. My Commission Expires: 1:7-1 -aD 13 47' KATHY TURNER /✓ " V✓ "! NOTARY PUBLIC 6 STATE OF COLORADO Notary Public 41 • • • A-2 date: 01-Sep-09 Time: 11:31 AM SELLER(S) FINAL CLOSING STATEMENT Prepared by Stewart Title Company 50 South Steele Street, Suite 600 Denver, CO 80209 (303) 331-0333 Seller(s) : MONARCH INVESTORS, LLC, A COLORADO LIMITED LIABILITY COMPANY Buyer(s) : RICHMOND AMERICAN HOMES OF COLORADO INC. , A DELAWARE CORPORATION Lender: Property: 4 LOTS IN MONARCH ESTATES SECOND FILING FIRESTONE CO Closing Date: 09/01/2009 Proration Date: 09/01/2009 Escrow Officer: Carma Weymouth File Number: 914755 DEBIT CREDIT SALES PRICE 80,000.00 PRORATIONS: County Taxes - BASED ON $1,272.81 847.38 from 01/01/09 to 09/01/09 ® $ 3 .48715 per day ESCROW CHARGES: Real Estate Closing Fee 200.00 PAYEE: STEWART TITLE COMPANY Wire Fee 40.00 PAYEE: STEWART TITLE COMPANY TITLE CHARGES: Owner's Title Policy 490.00 Liability amount (OTP) $80,000.00 PAYEE: STEWART TITLE COMPANY Tax Certificate 100.00 PAYEE: STEWART TITLE COMPANY 1970 POLICY FEE 250.00 PAYEE: STEWART TITLE COMPANY RECORDING FEES/TRANSFER CHARGES: HOA Transfer Fee 150.00 PAYEE: CROOKED CREEK ENTERPRISES LLP 2101 KEN PRATT BLVD. MISCELLANEOUS CHARGES: STATUS LETTER FEE 600.00 PAYEE: CROOKED CREEK ENTERPRISES BOA Fees - PAST DUE AMOUNT $12,500.00 POCS $12,500.00 PAYEE: MONARCH ESTATES HOME OWNERS ASSOICATI SUBTOTALS: 2, 677.38 80,000.00 BALANCE DUB TO SELLER: 77,322.62 TOTALS: 80, 000.00 80,000.00 APPROVED AND ACCEPTED The above statement is approved on the settlement date above shown and Stewart Title is hereby authorised to disburse the funds as indicated above. Personal Property Taxes are not a part of this settlement unless set out herein. Seller acknowledges receipt of the amount set out above. Stewart Title assumes no responsibility for the adjustment of Special Taxes or Assessments or for the exception of these items in the conveyance unless they are shown on the Treasurer's Certificate of Taxes Due. Interest on existing liens is figured to the date indicated. If not paid by then, additional interest will have to be collected and your statement will be adjusted to have sufficient funds to secure release from the lienholder. (Continued on next page) Page: 1 1e\ Seller Final Closing Statement (Continued) File Numbers 914755 It is understood by the undersigned that Stewart Title assumes no responsibility as to the condition of title unless Title Insurance is being issued by said Title Company simultaneously herewith. MONARCH INVESTORS, , A COLORADO LIMITED LIABILITY C.M BY: OMAS R. ROW S I, MANAGER STEWAR24Jcfli. T TITLE BY: c4A- CARMA WEYMOUTH, 0 l,e-RCIAL ESCROW OFFICER Page: 2 ate: 18-Nov-09 Time: 12:34 PM SELLER(S) FINAL CLOSING STATEMENT Prepared by Stewart Title Company 50 South Steele Street, Suite 600 Denver, CO 80209 (303) 331-0333 Seller(s) : MONARCH INVESTORS, LLC, A COLORADO LIMITED LIABILITY COMPANY Buyer(s) : RICHMOND AMERICAN HOMES OF COLORADO, INC. , A DELAWARE, CORPORATION Lender: Property: LOT 2, BLOCK 6, MONARCH ESTATES Closing Date: 11/20/2009 Proration Date: 11/20/2009 Escrow Officer: Carma Weymouth File Number: 919944 DEBIT CREDIT ALES PRICE 20, 000.00 RORATIONS: bunty Taxes - BASED ON $1,719.05 1,521.24 from 01/01/09 to 11/20/09 @ $ 4.70973 per day :omeowners Association - NOV. 2009 PRORATED 7.33 from 11/20/09 to 12/01/09 @ $ 0.66667 per day SCROW CHARGES: .eal Estate Closing Fee 200 .00 PAYEE: STEWART TITLE COMPANY are Fee 20 .00 PAYEE: STEWART TITLE COMPANY 'ITLE CHARGES: owner's Title Policy 490.00 Liability amount (OTP) $20, 000 . 00 PAYEE: STEWART TITLE COMPANY [ECORDING FEES/TRANSFER CHARGES: :ECORD FEES FOR LOAN MODIFICATION 100 . 00 PAYEE: ESCROW AGENT [OA Transfer Fee 150 .00 PAYEE: CROOKED CREEK ENTERPRISES LLP SUBTOTALS: 2,481.24 20,007.33 BALANCE DUE TO SELLER: 17, 526.09 TOTALS: 20, 007 .33 20,007 .33 APPROVED AND ACCEPTED The above statement is approved on the settlement date above shown and Stewart Title is hereby authorized to disburse the funds as indicated above. Personal Property Taxes are not a part of this settlement unless set out herein. Seller acknowledges receipt of the amount set out above. Stewart Title assumes no responsibility for the adjustment of Special Taxes or Assessments or for the exception of these items in the conveyance unless they are shown on the Treasurer's Certificate of Taxes Due. Interest on existing liens is figured to the date indicated. If not paid by then, additional interest will have to be collected and your statement will be adjusted to have sufficient funds to secure release from the lienholder. It is understood by the undersigned that Stewart Title assumes no responsibility as to the condition of title unless Title Insurance is being issued by said Title Company simultaneously herewith. MONARCH INVESTORS, LLC, A COLORADO LIMITED LIABILITY COMPANY (Continued on next page) Pa e: 1 (i)11 tiller Final Closing Statement (continued) ile Number: 919944 BY: / • S R. ..OWALSICI, ER STEWART TITLE BY: C4Jtni u CARMA WEYMOUTH, CO CIAL ESCROW OFFICER Page: 2 late: 16-Jun-10 Time: 03rtd PM SELLER(S) FINAL CLOSING STATEMENT Prepared by Stewart Title Company 50 South Steele Street, Suite 600 Denver, CO 80209 (303) 331-0333 Seller(s) : MONARCH INVESTORS, LLC, A COLORADO LIMITED LIABILITY COMPANY Buyer (s) : RICHMOND AMERICAN HOMES OF COLORADO INC. , A DELAWARE CORPORATION Lender: Property: LOT 9, BLOCK 3, MONARCH ESTATES FLG 2 FIRESTONE CO Closing Date: 06/23/2010 Proration Date: 06/23/2010 Escrow Officer: Carma Weymouth File Number: 929830 DEBIT CREDIT TALES PRICE 20, 000 . 00 PRORATIONS: 2ounty Taxes - BASED ON $317 .47 150 .47 from 01/01/10 to 06/23/10 ® $ 0 . 86978 per day 3omeowners Association - 4 .48 BASED ON $16. 80 (JUNE PAID) from 06/23/10 to 07/01/10 ® $ 0 .56000 per day PAYOFFS: raxes Due - 2009 TAXES DUE PLUS INTEREST 323 . 82 PAYEE: WELD COUNTY TREASURER ACCOUNT NO. R1211902 ESCROW CHARGES: Real Estate Closing Fee 250 .00 PAYEE: STEWART TITLE COMPANY Wire Fee 5 . 00 PAYEE: STEWART TITLE COMPANY TITLE CHARGES: Owner' s Title Policy 490 .00 Liability amount (OTP) $20, 000 . 00 PAYEE: STEWART TITLE COMPANY MISCELLANEOUS CHARGES: HOA TRANSFER FEE 150 . 00 PAYEE: CROOKED CREEK ENTERPRISES HOA FEES (PAST DUE INCLUDING JUNE, 2010) 33 . 60 PAYEE: CROOKED CREEK ENTERPRISES SUBTOTALS: 1,402 . 89 20, 004 .48 BALANCE DUE TO SELLER: 18 , 601. 59 TOTALS: 20, 004 .48 20, 004 .48 APPROVED AND ACCEPTED The above statement is approved on the settlement date above shown and Stewart Title is hereby authorized to disburse the funds as indicated above. Personal Property Taxes are not a part of this settlement unless set out herein. Seller acknowledges receipt of the amount set out above. Stewart Title assumes no responsibility for the adjustment of Special Taxes or Assessments or for the exception of these items in the conveyance unless they are shown on the Treasurer' s Certificate of Taxes Due. Interest on existing liens is figured to the date indicated. If not paid by then, additional interest will have to be collected and your statement will be adjusted to have sufficient funds to secure release from the lienholder. ood by the undersigned that Stewart Title assumes no sj • (Continued on next page) Page: 1 )V1�:1 -ra 1/4 Seller Final Closing Statement (continued) File Numbers 929830 responsibility as to the condition of title unless Title Insurance is being issued by said Title Company simultaneously herewith. MONARCH INVESTORS, LLC, A COLORADO LIMITED LIABILITY COMPANY BY: J/..). wj e:21):-) - THOMAS R. KOWALSKI, MANAGER STEWA 7' TITLE_ BY• Vw'W 31 CANNA WEYMOUTH, COMMERCIAL ESCROW OFFICER Page: 2 BOE SUMMARY SHEET Account Number: R1199702 Parcel Number: 131311402002 MONARCH INVESTORS LLC 7006 S ALTON WAY BLDG A CENTENNIAL, CO 80112 HEARING DATE: 7/28/2011, AT 10:15 AM HEARING ATTENDED? ON) NAME: / w1 O,0Sku AGENT NAME: I-I rnG�1 m APPRAISER NAME: MMA Mox* Gxnc� t DECISION ACTUAL VALUATION APPROVE BY SET BY ASSESSOR BOARD TOTAL ACTUAL VALUE 50,000 0e5/ (. 1,O COMMENTS: MOTION BY TO % CAA'Vl ifi` CA.44. Ot-e-Nh} Ut par+ SECONDED BY (.13 C-1 -- N) Conway -- N) Failed to prove appropriate value Garcia -- ) No comparables given L-eag>- (Y/N) Assessor's value upheld Rademacher--el) Other: RESOLUTION NO. 2011-1826 M:\BOE\SUMMARY.dotx Hello