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Home My WebLink About20101766 Th CLERK TO THE BOARD ii.. et4t:, PHONE (970) 336-7215, Ext. 4226 FAX: (970) 748 P. O. BOX 8OX 242 P. GREELEY, COLORADO 80632 COLORADO August 5, 2010 REALTY INCOME CORP PM DEPARTMENT NO.0113 P O BOX 460069 ESCONDIDO, CA 92046-0069 RE: THE BOARD OF EQUALIZATION, 2010, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY:ACCOUNT#: R2041386 PARCEL#: 095911116012-GR BSN1- B4 PT LOT B BLK1 BITTERSWEET NORTH BEG S87D01'W 235'OF NE COR LOT B S87D01'W 113' S02D58'E 199.02' N87D01'E 113' N02D58'W 199.02' TO BEG Dear Petitioner: On July 29, 2010,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 the Stipulation on your petition of appeal of the County Assessor's valuation of your property described above, for the year 2009. The Stipulation was entered into between the Assessor and said petitioner(s), and accepted by the Board of Equalization, agreeing that the assessment and valuation of the Weld County Assessor be Stipulated as follows: ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY STIPULATED ASSESSOR $459,090 $391,850 Cd.' e PST-al-E) \a�9/ao/D 2010-1766 IES,e (dour�-n� +� J e i) AS0076 REALTY INCOME CORP - R2041386 Page 2 If you have questions or need additional information, please do not hesitate to contact me at (970) 336-7215, Extension 4226. Very truly yours, Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor THE STRATOS GROUP C/O STAN WAGNER 383 INVERNESS PARKWAY ENGLEWOOD, CO 80112 2010-1766 AS0076 07!20/2010 11 : 24 3038131122 DOWNEY&MURRAY PAGE 02/03 agir 07/19/201,0 14:35 FAX 9703040433 WELOCOUNTYASSESSOR 81002/003 2010 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R2041386 STIPULATION (As To Tax Year 2010 Actual Value) RE PETITION OF : NAME: Realty Income Corp ADDRESS: PM Department No. 0113 P.O.Box 460069 Escondido, CA, 920460069 k' ♦ f A w R Petitioner(s), Realty Income Corp.and the Weld County Assessor,hereby enter into this Stipulation regarding the tax year 2010 valuation of the subject property,and jointly move that the Board of Equalization to enter its order based on this Stipulation. Petitioner(s) and the Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: GR BSN1-84 PT LOT B BLK1 BRTERSWEET NORTH BEG S87D01'W 235' OF NE COR LOT B S87D01'W 113' S02058'E 199.02' NS7D01'E 113' N02D58'W 199.02' TO BEG 2. The subject property is classified as Day Care -property. 3. The County Assessor originally assigned the following actual value to the subject property for tax year 2010. Land $ 78.667 Improvements$ 380.423 Total $ 459,090 4. After further review and negotiation,the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 78.667 Improvements$ 313.183 Total $ 39'.850 &o/0-4710(2 07.(20/2010 11: 24 3038131122 DOWNEY&MIJRRAY PAGE 03/03 07/19/2010 14:35 FAX 9703046433 WELDCOUNTYASSESSOR 14 003/003 5. The valuations, as established above, shall be binding only with respect to tax year 2010. 6. Brief narrative as to why the reduction was made: Value was adiusted based uoon the General market prices Der so. ft.that were in place in the base periods additionally the income was considered as backup for the market, 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on PATE at Tt be yam; or, a hearing has not yet been scheduled before the Board of Equalization z (check if appropriate). DATED this 1 h day of July, 2010. e oner s) or Attor Petitioner(s)or Attorney Address: Address: The Stratos Grou _c/o Stan Wagner 383 Inverness PkWy#300 ,Englewood, Co, 80112 Telephone:_303-224-9940 Telephone: County s r Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 7/g Cpfi REAL AND PERSONAL PROPERTY --viti - NOTICE OF DETERMINATION FVG�2y 0-0 l . Christopher M. Woodruff Date of Notice: 6/22/2010 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 Office Hours: 8:00 AM - 5:00 PM BCHEDULEJACCO UNT NO. -TAX YEi TAX AREA-- ` I' L DESCRIPTION/ '' .- PHYSICAL=LOCATION R2041386 2010 0600 GR BSN1-B4 PT LOT B BLK1 BITTERSWEET NORTH BEG S87D01'W 235' REALTY INCOME CORP OF NE COR LOT B S87001'W 113'S02D58'E 199.02' N87D01'E 113'NO2D58'W 199.02'TO PM DEPARTMENT NO.0113 BEG Z. P O BOX 460069 3519 W 12 ST ESCONDIDO, CA 920460069 GREELEY,CO ;ft, g° 6= PROPERTYC $_F� !_ - 1" inVEPAPSE� AC VALUEAFTER ,,, ttfitEtN a COMMERCIAL 459,090 459,090 TOTAL.... $459,090 $459,090 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: LH02-No change has been made to the valuation of this property. Colorado law requires us to send this notice of denial for all properties on which we do not adjust the value. The subject is currently listed for$499,000. 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 infooati 3rr*t n 2010-1766 ('ty :12°6"--111 Bldg ID Lease ID t`,= 0 _ r+1� Index .PR Y ML Y '� Ea7 ILED tow ,P [] Replace CJ insert II6 1O i Jl't_ ® er"15 PT-AR In d++6 41i Ai(, _4-- PR 207-08/08 Initial ; NOD a:8384 Mu - l __ - APPEAL PROCEDURES i County Board of Equalization Hearings will be held from July 1 through August 5 at 91510") Street, Greeley, CO To appeal the Assessors 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 WFI.O COUNTY BOARD OF EQUALIZATION 915 10 Street. P O Box 758 Greeley Colorado 8063 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 11 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 Boards written decision to ONE of the following Board of Assessment Appeals District Court 1313 Sherman Street Room 315 9' Avenue acid 9- Street P Cu 80k C Denver. CO 80203 Greeley. C:oloraars 80632 303) 866 5880 ',../,..!rrr.:r'(' r 97f) .?56-4000'-',t 4520 Binding Arbitration For a list of arbitrators contact the County Commrss.oners at the address listed for the County Board of Equalization If the (i, u' tilt f.7:rig any report .schedule (::!arm. tax rrittlrrl statement r(aimlftarir.t- :i1 oilier (h)Cur1JOrrt falls upr:in d atilfday Sunday or k-iq it h()!r(lay if Sliiiil he doomed to Baal-?tri;.'(?!i lrlrlely !ilead if filed or) Um lie I hii tines~ (lay : 39-7. 7 20i 3) C R S PETITION TO COUNTY BOARD OF EQUALIZATION ` What is your estimate of the property's value as of June 30. 2008? :"'�,u' ::pir';On • `value- r' terns ,f 1 spe,.,f,r li:tar amount .s required for a. r roil rt•! l;:-,rSuant to t(:e ':C i 1 . . 5. C P . $ O What is the basis for your estimate of value or-Vour reason for requesting a review? :Pieas;:> attach additional sheets as necessary and any sari c,tin do(.umentation i e compara I sales re. t original ,nst lie i•, r, . . :-tom. ..;. a . de) e-> 17 . . . .... .. ._...... . .... .. . . . ATTESTATION • • dersigned ow r r a ent of the property „]entitieu above .affil.,, 'r. ;• State-r„ar:t� - .:o. nd a / tt chnlents Ilea to ark true and ,-r'n )fete"- ..P.-V-.-1. '411/) 1 Z 20 /O r T;.rer►,.)(» Nun-ter (r,a•� l Attic': iertt--.r of autlorn?at.cir, signec by properly. (')wnr! Appointment of Agent ' 1 Mr.Stan Wagner of the Srratos Group I authorized to represent Really Income Crupcticn in property tax valuation matters for lax years 2009-2010 :Please rnntact Mr.Stan Waencr regarding all property tax issues.The property is indicated below: • La Peltte 40111(vacant) 6. — i 3519 W.1_1h SI Greeley.Co Parcels: 095911116012 • Agent: Mr.Stan Wagner The Stratos Group 383 Inverness Parkway rGi.z..7ccd,CD 80172 1 (303),M-4 477c Sign Date f 1Ah/4 f 1 Name C--1"4•44i-;11-zi- Title SA-I/ #-,,tvaiy7 L1 Company ?3rc 3t Phone State of: County of: day of of 20 By • W1TIvt5 my ham'anti nifici:.i'Sr;,, Notary Public .. , - tom.... .-._ - •.'f r 3 ? p • - n �s n s - i' •A'liont It May CuliL:,:n • I.FTfl ROF AlTftttmizAiION l'Ic ase let this letter sere a- notification that Sa`••age X f3rt«lling. LLC: :(7b :Vest Stith Stiect. Suite I0ft, Overland Park, KS 66219 is authorized w represent REAL;'r INC() 1l CORPORATION,ION, a i\.lar iand corporation. on toenail.of itself ar t :s aiiiliates and 5I;hsidiaries (collemiveiy referred - to herein as"R1"1, concerning Ad Valorem . -:= fir;ea! property i..: 2009-2013 as described herein. Savage & L•ruwni:,_;LLC.- s:r its nominee or agent. :4 a'thorized:o file returns. :o investigate al's raic''ls :'.lid assessments.to review and receit a copies of am prier!'ears tat return_.to appeal property values and taxes, to appear before administrative boards or agencies and where authorized. to appear before coins of competent iur►5-'"'lion. Savage& rii\titiq? LI_C •-'' `t` nominee or agent. iC atitiinriz_rd to act as :Tent for this purposes as set forth herein for those properties listtd on the attached List of Properties, F.xltii:it -A-attached hereto and inci_rporaterl herein t:: this efer.ncc.that art owned or controlled by Ill. The r;_ehts,powers,and ati't_,rr:atw'n orSiiva ?':_ l:trownini_ t•.1.[-_herein emoted shall commence upon the execution of this letter of authorization and shall remain in force and effect thereafter until written . nciice of termination is received bt Savage �\: Browning_ LLC._ or until the purpose for glitch this • LITTER OF AUTHORIZATION is given_ is complete. IN WITNESS Wl:i.E l=: 'l he undcrsitned has hereunto set our hands and at'med our seals on this the \'3 dad-of April. 2010. Signed_sealed and delivered, in the presence ul': 13 ': REALTY INCOME CORDMATi )N, Marylan 'ltotporttii i.e i:'=C , 'title: Ninary f'tt$li�- .t_� Date. Nutar; L•'. P iration Date _ -- —� ' •ed.6s To Form delivered, 1 ' r lmieportY+eat Signed,sealed and :7 : lr 1 m the presence or: :-mow (;--1) Identify Results Page 1 of 1 Parcel Valuation Account#: R2041386 Parcel#:095911116012 Owners Name&Address: Property Address: REALTY INCOME CORP Street: 3519 W 12 ST GREELEY PM DEPARTMENT NO.0113 City:GREELEY P O BOX 460069 ESCONDIDO, CA 920460069 Business/Complex: Legal Description GR BSN1-84 PT LOT B BLK1 BITTERSWEET NORTH BEG S87D01'W 235' OF NE COR LOT B 587O01'W 113' 502D58'E 199.02' N87D01'E 113' N02D58'W 199.02'TO BEG Land Value $78,667 Land Assessed Value $22,810 Impr. Value $380,423 Imor. Assessed Value 4110,320 Total Value $459,090 Total Assessed Value $133,130 Tax Area: Bordering County: Township Range Section Ouart.Sec. Subdivison Name Block# Lot# 05 - 66 - 11 - 1 BITTERSWEET NORTH - - B Land Subtotal: Square Feet:22489 Sale Price Sale Date Deed Type Reception # $292,000 11/21/1984 X0005303 http://maps2.merrick.com/Website/Weld/setSq Lasp?cmd=QUERY&DET=Parcel&pin=09591111601... 5/26/201C The Stratos Group 383 Inverness Parkway Suite 300 Englewood,CO 80112 Phone: (303)224-9940 Cell:(303)641-3476 Fax: (303)813-1122 July 12, 2010 Weld County Board of Equalization 915 10th St PO BOX 758 Greeley, CO 80632 RE: Parcel ID No. 095911116012 To Whom It May Concern: Attached is the Assessor Record and Denial of appeal for 2010 showing assigned value at $459,090($90.00per sqft) for the above referenced schedule number. The subject property is a vacated daycare center built in 1982 containing 5,101 sqft. Also attached is a Certificate of Agency. We respectfully request subject value be reduced to$290,400 for 2010 which would then reflect the distressed nature of this property. Thank you in advance for your help and consideration. Sincerely, Wagner �Y/ Hello