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HomeMy WebLinkAbout20101277.tiff RESOLUTION RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND OF TAXES - 7000 GREELEY COMMERCIAL, LLC WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 14th day of June, 2010, at which meeting there were present the following members: Chair Douglas Rademacher, and Commissioners Sean P. Conway, William F. Garcia, Barbara Kirkmeyer, David E. Long, and WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, with said Assessor, Christopher Woodruff, being present and taxpayer 7000 Greeley Commercial, LLC, not being present, and WHEREAS, the Board of County Commissioners has carefully considered the attached petition, and is fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the Assessor and the petition be and hereby is, denied, and an abatement or refund be denied as follows: CORRECTION TO ASSESSED ABATEMENT TAX VALUATION OR REFUND YEAR $0.00 $0.00 2009 CC : ASS Pd. a a- 2010-1277 AS0075 TAX ABATEMENT PETITION — 7000 GREELEY COMMERCIAL, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 14th day of June, A.D., 2010. BOARD OF COUNTY COMMISSIONERS / %•. ELD COU OLORADO ATTEST: .:ice e:� �:' . . .�� �-t•.. g s .emac 91, Chair Weld County Clerk to the Bo Z. 541 -"-s, ;~ '-rbara Kirkme er, Pro- em BY: tit{ ��z11 Dep Cle4the Board Sean P. Con y ( J APPR A RM: Wil iam F. Garcia my Attorney u"\ E David E. Long Date of signature: (01(11IO l0 2010-1277 AS0075 ' 1 I' ' • PETITION FOR ABATEMENT OR REFUND OF TAXES County:Weld Date Received aO1O_Oat (Use Assessor's or Commissioners'Date Stamp) a Section I: Petitioner,please complete Section I only. Date: April 15 2010 Month Day Year APR 2 8 2010 Petitioner's Name:7000 Greeley Commercial LLC WELD COUNTY ASSESSOR Petitioner's Mailing Address: 1420 Falcon Ridge Rd. GREELEY, COLORADO Eaton CO 80615 City or Town State Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY R4607807 6801 20 St.203 Petitioner states that the taxes assessed against the above property for the property tax year 2009 are incorrect for the following reasons: (Briefly describe the circumstances surrounding the incorrect value or tax. Attach additional sheets if necessary.) Property is overvalued. See attached"Appeal of Real Property Valuation". Petitioner's estimate of value: $378,000 (2009 ) Value Year Petitioner requests an abatement or refund of the appropriate taxes. I declare,under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits or statements,has been prepared or examined by me,and to the best of my knowledge,information and belief,is true,correct,and complete. Daytime Phone Number( Petitior / pnnatu ra ''1t,I A---}en,/ pit Daytime Phone Number f303) 361.-031-O Agent's Signature' U' 'Letter of agency must be attached when petition is submitted by an agent. If the board of county commissioners,pursuant to section 39-10-114(1),or the property tax administrator, pursuant to section 39-2-116,denies the petition for refund or abatement of taxes in whole or in part,the petitioner may appeal to the board of assessment appeals pursuant to the provisions of section 39-2-125 within thirty days of the entry of any such decision,§39-10-114.5(1),C.R.S. Section II: Assessor's Recommendation (For Assessor's Use Only) ( • 0765s Tax Year 2.009 yL+51+1668 Actual Assessed]/ �-' original +51+)W^B ' I3/ 3Jb 410.0?5 Correcte° 45 Li, hoe #)3j,33b ' /0) 075a AbatelRefuntl •DO D.00 O.06 ❑Assessor recommends approval as outlined above. No protest was filed for the year: (If a protest was filed,please attach a copy of the NOD.) I--1.L�Assessor recommends denial for the following reason(s): lc Ceuvtl V-4/. Assessors or Deputy Assessor's Sig t re 15-DPT-AR No.920-66/06 ! FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund filed pursuant to section 39-10-114 shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor,as appropriate,within six months of the date of filing such petition,§39-1-113(1.7),C.R.S. Section III: Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to$1,000) The commissioners of County authorize the assessor by Resolution No. to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract,parcel,or lot of land or per schedule of personal property, in accordance with§39-1-113(1.5),C.R.S. The assessor and petitioner mutually agree to the values and tax abatement/refund of: Tax Year Actual Assessed a� Original Corrected Abate/Refund Note:The total tax amount does not include accrued interest,penalties,and fees associated with late and/or delinquent tax payments,if applicable. Please contact the county treasurer for full payment information. Petitioner's Signature Date Assessors or Deputy Assessors Signature Date Section IV: Decision of the County Commissioners (Must be completed If Section III does not apply) WHEREAS,The County Commissioners of County,State of Colorado,at a duly and lawfully called regular meeting held on / / ,at which meeting there were present the following members: Month Day Year with notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and Assessor (being present--not present)and Name petitioner (being present--not present),and WHEREAS,The said Name County Commissioners have carefully considered the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,That the Board(agrees—does not agree)with the recommendation of the assessor and the petition be(approved—approved in part—denied)with an abatement/refund as follows: Year Assessed Value Taxes Abate/Refund Chairperson of the Board of County Commissioners'Signature County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementioned county,do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County this day of Month Year County Clerk's or Deputy County Clerk's Signature Note: Abatements greater than$1,000 per schedule,per year.must be submitted in duplicate to the Property Tax Administrator for review. Section V: Action of the Property Tax Administrator (For all abatements greater than$1,000) The action of the Board of County Commissioners,relative to the within petition,is hereby ❑Approved ❑Approved in part$ ❑Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature Date 15-DPT-AR No.920-66/06 ou Vor CV IV 10.4 r 1 nn 005/006 M• • Property Tax Advisors,Inc, 3090 S. Jamaica Ct.,Suite 204 (303)368-0500 Aurora, Colorado 80014 FAX(303)368-0573 CONSULTANT -AGENCY AGREEMENT a Corporation Property Owner: 7000 Greeley Commercial I.LC z7.0 ,7/°7 ^j> a Partnership as Individuals County: Weld a Trust P.I.N. Property Address R4607807 6801 20 St 203 Greeley The undersigned hereby appoints and authorizes Property Tax Advisors,Inc.as its Agent and Consultant in the preparation and execution of a real estate valuation appeal(s)on behalf ofthe undersigned in regard to the above enumerated property(ies)for the assessment year 2010 and for the prior two years. The undersigned further authorizes Property Tax Advisors,Inc.,as Agent orthe undersigned,to execute and cause to be filed on behalf of the undersigned,in the name of the undersigned,any and all documents relating to an appeal of the subject property's(ies')valuation(s). This agreement is executed this c'— day of ri , 20 et) . BY: Print Name: fret t dear o, a. Title; jL(aste_c pr/awl (If Corporation, your title; (or)Owner, General Partner, Telephone No.: 9--Ai - 3 S-3- 9 re3 Lessee, Power of Attorney,Trustee,etc.) Fax No.: 3c, oP p fl Rev. 1/10 Agent: PROPERTY TAX ADVISORS, INC. 3090 South Jamaica Court, Suite 204 Aurora, Colorado 80014 TEL: (303)368-0500; FAX: (303)368-0573 Petition To: BOARD OF COUNTY COMMISSIONERS Subject: APPEAL OF REAL PROPERTY VALUATION Tax Year: 2009 County: Weld Schedule Number: R4607807 PTA# 3118C Property Address: 6801 20 St 203 Property Owner: 7000 Greeley Commercial LLC Inclusions: _ Photograph(s) of Subject Property Correlation and Conclusions X Income Approach X Market Sales _ Cost Approach Salient Facts Report Date: 4/15/10 Effective Date: 6/30/08 PETITIONER'S FINAL ESTIMATE OF VALUE: $378,000 Value per Square Foot: $149.64 ASSESSOR'S VALUE $454,608 Value per Square Foot: $179.97 Site Size s.f. YOC 2006 Effective Bldg. Age (yrs) 10 Gross Building Area 2,526 s.f. Remaining Econ. Life (yrs) 30 Land to Bldg. Ratio :1 Zoning Comm. Construction Use: Office Condo Rental Rate: $0.00 /sf Source:Market Rental Rate Study Factors Affecting Rental Rate: 2,526 sf x $18.00 /sf= $45,468 0 sf x $0.00 /sf= $0 0 sf x $0.00 /sf= $0 Potential Gross Income $ 45,468 Source: Historic Occupancy Rate X 0.95 Effective Gross Income $ 43,195 Source: Market 30% Expenses - 12958 Net Operating Income $ 30,236 Source: Cap Rate 8.00% Capitalization Rate + 0.080 *ETR 0.00% Overall Rate 8.00% VALUE BY INCOME APPROACH $ 377,953 Mill Levy 0 Say $ 378,000 Assessment Rate 0.29 'ETR 0.00 Comments: o k § i .— :, I y I 2 < \/ f to > : a■\ `# [■Z \ \ « iz / { 4 «fit » Sa .1 \ _ \ 1� may \ i \ / . . , 2 > y °may . 9 } ; 01i.. ! CO O ^ �\IR. [, \ F / - .—g\I ,s » ' �l . ( . J ,iti . \ � / ' 3� A I $ y S,4 ! oz I—,, m Trt 1 \ \ \ \ �\ ` i � \ \��;/ Z\/{ \ 0 W • 0 N m d m gp ^a v A it :,17,44 it � Y 4 ' aX x • . Ln r, n --.7;:::: v a '. —a- n _ ��>Yp, , o. 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N ,. m 0 0 0 0 0 0 0 0 0 0 a V o 0 0 0 O 0 0 0 0 0 0 N N N N N N N N N N N Market Sales a ti° ' 8201 W 20th St Greeley,CO 80634 Class B Office Building of 3,942 SF Sold on 04/16/2007 for $528,300 -Research Complete buyer Steinbecker Properties LIc F c/o Larry Steinbecker 8201 20th t II Greeley,CO 80634 seller D2BE Investments LLC c/o Larry Buckendorf 7251 W 20th St Greeley,CO 80634 (970)352.7072 - vital data . .. . >. . ::.._ Escrow/Contract: - Sale Price: $528,300 Sale Date: 04/16/2007 Status: Full Value Days on Market: - Building SF: 3,942 SF Exchange: No Price/SF: $134.02 Conditions: - Pro Forma Cap Rate: - Land Area SF: 25,047 Actual Cap Rate: - Acres: 0.58 Down Pmnt: $4,300.00 $/SF Land Gross: $21.09 Pct Down: 0.8% Year Built,Age: 2006 Age:1 Doc No: 3469475 Parking Spaces: 20 Trans Tax: $52.83 Parking Ratio: - Corner: No FAR: 0.16 Zoning: CH,Greeley Lot Dimensions: - Percent Improved: - Frontage. - Submarket: Weld County Tenancy: - Map Page: - Comp ID: 1302138 Parcel No: 95908327001 Property Type: Office income expense data '-- "f listing broker it buyer broker _ -- Vintage Corporation 4631 20th St.Rd Greeley,CO 80634 (970)353-3000 Rob Haimson financing.. --......-- 1st Firstbank/greeley Bal/Pmt: $524,000 • "' """'•"""^'•' This copyrighted report contains research licensed to Property Tax Advisors,Inc.-8255. 2/23/2010 1111►►TT TAI AIIISI►S Page 1 Coast s 5411 pfi pvrckcru, 13i( Mast 1i414ur.. %.r � mS r 1813 61st Ave Greeley,CO 80634 ' Class B Office Condominium,100 Units of 13,000 SF Sold on 11/21/2007 for$574,259 -Research Complete buyer -` 1 �+ :<': x ; ' r p«. 1813 Llc i 4 it c/o David Richter ,y= 7720 Lakeview t h 1.1 Littleton,CO 80120 . .tu --E r::! le• -# • s • seller .__. l :7 � {Jt. \tr1 , . Francis Energy Inc -"1 t c/o Nicholas Francis • 4539 14th Greeley, CO 80634 " �._ Y,y •} vital data • Escrow/Contract: - Sale Price: $574,259 Sale Date: 11/21/2007 Status: Full Value Days on Market: - Condo Type: 3,759 SF Office Condo Exchange: No Building SF: 13,000 SF Conditions: Price/SF: $152.77 Land Area SF: 34,025 Pro Forma Cap Rate: - Acres: 0.78 Actual Cap Rate: - $/SF Land Gross: $16.88 Down Pmnt: - Year Built,Age: 2007 Pct Down: - Parking Spaces. 30 Doc No: 3519123 Parking Ratio: 2.3/1000 SF Trans Tax: $57.43 FAR: 0.38 Corner No Lot Dimensions: Zoning: MU-PUD Frontage: - Percent Improved: - Tenancy: Submarket: Weld County Comp ID: 1489805 Map Page: - Parcel No: 95909436001 Property Type: Office income expense data • •_ __..___._....._..._...—._..._:_.._.--_.—..---- 'listing broker buyer.broker- finandng _..-. ...• - — -•1st Ironstone Bk Bat/Pmt: $1,001,256 This copyrighted report contains research kenaed to l91MM i4t MIMS Property 7a"Advi80fa'Inc. B255. 2/23/2010 �� Page 5 to{c fnk ( proost.* 152 / `dam 3 ° I • 181361st Ave Greeley,CO 80634 - ..... -.. Class B Office Condominium,201 Units of 13,000 SF Sold on 11/21/2007 for$437,132 -Research Complete buyer -- ------- 210 Dental Office Llc , � � c/o Richard Boyes a ` ' ` 9 Dos Rios Greeley,CO 80634 , 44 _-.... 19016 .. seller ---- > w 4_ Francis Energy Inc c/o Nicholas Francis 4539 14th - , Greeley,CO 80634 vital data -.... ' .:.. Escrow/Contract: - Sale Price: $437,132 Sale Date: 11/21/2007 Status: Full Value Days on Market: - Condo Type: 3,154 SF Office Condo Exchange: No Building SF: 13,000 SF Conditions: - Price/SF: $138.60 Land Area SF: 34,025 Pro Forma Cap Rate: - Acres: 0.78 Actual Cap Rate: - $/SF Land Gross: $12.85 Down Pmnt: - Year Built,Age: 2007 Pct Down: - Parking Spaces: 30 Doc No: 3519127 Parking Ratio: 2.3/1000 SF Trans Tax: $43.71 FAR: 0.38 Corner: No Lot Dimensions: - Zoning: MU-PUD Frontage: - Percent Improved: - Tenancy- - Submarket: Weld County Comp ID: 1463112 Map Page: - Parcel No: 95909436004 Property Type: Office income expense data listing broker buyer broker - financing., ._..._ _..._ 1st Ironstone Bk Bal/Pmt: $872,131 This copyrighted report contains research licensed to Property Tax Advisors,Inc.-8255. 2/23/2010 rRRPUTT Tit►111:11; Page 6 Ctrta.F cki' purcblr>u 17° 210� J. 1 8219 W 20th St Greeley,CO 80634 Class B Office Condominium, 1 Units of 3,998 SF Sold on 05/09/2008 for$300,000 -Research Complete ,:a 4 zd: buyer Kaleb Holdings LIc f c/o Jeremy Klausner l• 7257 W 4th St I Ir11 Greeley,CO 80634 - °` . : r _Wr- sellert._ ' Prothe Properties,LLC - _ " c/o Powell Prothe 5801 W 11th St Greeley,CO 80634 (970)353.3000 vital data Escrow/Contract: - Sale Price: $300,000 Sale Date: 05/09/2008 Status: Full Value Days on Market: - Condo Type: 1,708 SF Office Condo Exchange: No Building SF: 3,998 SF Conditions: - Price/SF: $175.64 Land Area SF: 16,117 Pro Forma Cap Rate: - Acres: 0.37 Actual Cap Rate: - $/SF Land Gross: $18.61 Down Pmnt: $30,000.00 Year Built,Age: 2005 Age:3 Pct Down: 10.0% Parking Spaces: 10 Doc No: 3552880 Parking Ratio: - Trans Tax: $30 FAR: 0.25 Corner: No Lot Dimensions: - Zoning: - Frontage. - Percent Improved: - Tenancy: - Submarket: Weld County Comp ID: 1530119 Map Page: - Parcel No: 095908326001 Property Type: Office income expense data t _..Irsbng broker buyer broker financing . 1st Wells Fargo Bk m.,,..-1 Bal/Pmt: $270,000 i This copyrighted report contains research licensed to Property Tax AW,sors,Inc.-8255. c T11T11TT111118111t 1 2/23/2010 ` Gem 15141 ?Ur " ' - 1b3 Page 3 ?N4T/‘I•^ 3 3 rjot CLERK TO THE BOARD PHONE: (970) 336-7215, EXT. 4226 citajet-H- FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 COLORADO May 13, 2010 7000 GREELEY COMMERCIAL LLC 1420 FALCON RIDGE RD EATON CO 80615 RE: SCHEDULE NUMBER R4607807 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: 6801 20 ST #203. The meeting is scheduled for June 14, 2010, at 9:00 a.m., in the First Floor Meeting Room,Weld County Centennial Center, 915 10th Street, Greeley, Colorado. The Assessor is recommending that the Board deny your petition. You are not required to be present at this hearing; however, this is your opportunity to have your position heard, especially if your position is opposed to the Assessor's recommendation. If you intend to submit any documentation in support of your position for this hearing, all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearing. If you have any questions concerning this matter, please do not hesitate to contact me at(970) 336- 7215, Extension 4226. Sincerely, ncre Esther E. Gesick Deputy Clerk to the Board cc: Assessor Property Tax Advisors, Inc 3090 S Jamaica Ct Ste#204 Aurora CO 80014 2010-1277 aitiew CLERK TO THE BOARD PHONE: (970) 336-7215, Ext. 4225 a FAX:91 100)H STREET 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Wage. COLORADO JUNE 17, 2010 7000 GREELEY COMMERCIAL LLC 1420 FALCON RIDGE RD EATON CO 80615 RE: SCHEDULE NUMBER R4607807 Dear Property Owner: On June 14, 2010, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and denied same. Pursuant to Section 39-2-125(f), C.R.S., you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from the Board of Assessment Appeals, Department of Local Affairs, 1313 Sherman Street, Room 420, Denver, Colorado 80203. Very yV^ly truly yours, V Tonya Disney Deputy Clerk to the Board cc: Assessor PROPERTY TAX ADVISORS INC 3090 S JAMAICA CT STE #204 AURORA CO 80014 td/eg Hello