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Home My WebLink About20102274.tiff RESOLUTION RE: APPROVE, IN PART, PETITION FOR ABATEMENT OR REFUND OF TAXES - RPM PROPERTIES, RLLLP 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 27th day of September, 2010, at which meeting there were present the following members: Chair Douglas Rademacher, and Commissioners Sean P. Conway, William F. Garcia, Barbara Kirkmeyer, and 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 RPM Properties, RLLLP, 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, approved, in part, and an abatement or refund be allowed as follows: CORRECTION TO ASSESSED ABATEMENT TAX VALUATION OR REFUND YEAR $58,000.00 $4,969.67 2009 Ley. A5P-, Po; io a°l-!0 2010-2274 AS0075 TAX ABATEMENT PETITION - RPM PROPERTIES, RLLLP PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 27th day of September, A.D., 2010. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: ' dC) vn4 0LC 422 ouglas a emac er Chair Weld County Clerk t 1 Nk ck s L rbara Kirkmeyer/ Pro-Ter BY: Deputy Cler,ro the Boa Sean P < ) APP ED AS T RM: Willi . Garncia unty Attorney cij David E. Long Date of signature:V8O0/0 2010-2274 AS0075 • PETITION FOR ABATEMENT OR REFUND OF TAXEES)/� • County,wet Date Rece P+ived '{Y4O oar (Use Assessor or Cornnhdslohet t.DtttCStamp) �p 1r l hi4: 10 7.Se io Periop@r,please cvnpleto 8echotl I only. 23 Period, L L� p� ��yyy Date: 04/09/2010 E■ - Month Day Year 7,y�f Petitioner's Name:RPM Properties RLLLP APR 2 3 2010 Petitioner's Mailing Address: 3686 Stage Coach Unit H Longmont,CO 80504 WELD COUNTY HS cSSOh City or Town State Zip Code GREELEY, COLORADO SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY 4561906 1160 Dexter St 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.) Comparable sales indicate a lower value. Petitioner's estimate of value: $742,600 (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 j Petitioner's Signature By r^�7i Daytime Phone Number jT3e-1; )fi5,i—537( Ag s Signature* 'Letter of agency must be attached when petition is submitted by an agent. If the board of county commissioners,pursuant to section 39-10-114(1),or the property tax administrator, pursuant to section 39-2-116,denies the petition for refund or abatement of taxes in whole or in part,the petitioner may appeal to the board of assessment appeals pursuant to the provisions of section 39-2-125 within thirty days of the entry of any such decision,§39-10-114.5(1),C.R.S. Section II: Assessor's Recommendation (FFor Assessor's Use Only) Tax Year 7a`. /// Actual Assessed Tax �/ afj200 ODO ',3q,�J00 "2i �/p ,c, Original /` g Corrected/_a 0e nO 'c 2'7J 000 ¶24 AbatelRefun6`Z.O 00.a f fc o c 9G Y.G 7 !"r 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.) ''.ssessor recommerds d4nial for the folbwinn reason(s): ilN✓kS Senn/ 640-e [t/7 4GtIG./ seCo.99�`\`--' sw ti m. ro/ Assessor's or epu#Assessor's S' a re 15-DPT-AR Nc.920-66/06 • 2010-2274 FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund fled 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 Tax Original Corrected AbatelRefund Note.The total tax amount does not include accrued interest,penalties,and fees associated with late and/or delinquent tax payments,if applicable. Please contact the county treasurer for full payment information. Petitioner's Signature Date Assessor's or Deputy Assessor's Signature Date Section IV: Decision of the County Commissioners (Must be completed if Section III does not apply) WHEREAS,The County Commissioners of County,State of Colorado,at a d nd lawfully called regular meeting held on / / ,at which meeting there were present the f wing members: Month Day year with notice of such meeting and an opportunity to be present having been . n to the taxpayer and the Assessor of said County and Assessor (being present--not present)and Name petitioner (being pr ent--not present),and WHEREAS,The said Name County Commissioners have carefully considered the ' in petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,That the Board(agrees-- es not agree)with the recommendation of the assessor and the petition be(approved--approved in p --denied)with an abatement/refund as follows: year Assessed Value T 5 Abate/Refund + x/ ' .y � Y Q' Chairperson of tt�e board(off Countya( oM commissioners'Signature I, County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforeme oned county,do hereby certify that the above and foregoing order is truly copied from the record of the proce ngs of the Board of County Commissioners. IN WITNESS EREOF,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 te: 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$1,000) ef t Board of County Commissioners,relative to the within petition,is hereby Approved in part$ ❑Denieytfor the fol wi g reason(s): Ml . . 6 5 co Secretary's Signature rty Tax Administrator's Sig to Date 15-DP 0.920-66/06 `J ELITE DENVER COLORADO SPRINGS 6000 EAST EVANS AVE.,STE 1-426 PO BOX 50827 DENVER,CO 80222 COLORADO SPRINGS,CO 80949-0827 PROPERTY (303)355-5871 (719)594-6440 (800)840-9668 (800)840-9668 SERVICES, Inc. FAX(303)691-8882 FAX(800)694-6983 Property Tax Adjustment Specialist, Inc. •Subsidiary• www.copropertytaxes.com April 23rd, 2010 To: Weld County Assessor's Office Ref: 2009 tax year appeals #4561906 To Whom It May Concern: Enclosed are the petitions for the 2009 tax year, I can be reached at 303-355-5871 if you need further information. Thank you Sincerely Tom Keyes Evaluation Summary Tax Year 2009 Name: RPM PROPERTIES RLLLP Situs: 1160 DEXTER ST PIN: 4561906 Comments: The subject is a francise mini lube garage and there are are no comparable sales located in the subject's immediate area. Thus, comparables were selected from the Denver metro market to determine market value. The sale prices for these properties typically include the equipment, francise opportunity, and goodwill which inflates the price above what the building and land alone are worth. Using the comparable sales from the Denver market area, the average price per square foot was $322.15 or an indicated subject value of$742,556. We suggest a subject value of $742,600. After evaluation of the property, Elite Property Services Inc. recommends a value of $742,600.00. Quick Stats Report Comps Statistics Low Average Median High Count Sale Price $442,000 $808,312 $587,250 $1,500,000 8 Center Size 1,296 SF 2,509 SF 2,500 SF 4,000 SF 8 Price per SF $220.00 $322.15 $344.70 $420.17 8 Actual Cap Rate - - - - - Days on Market 153 205 197 273 4 Sale Price to Asking Price Ratio 76.67% 82.51% 84.62% 86.26% 3 Totals Sold Transactions Total Sales Volume: $6,466,500 Total Sales Transactions: 8 Survey Criteria Location: Location method- Market; Market- Denver Basic Criteria: Sale Status- Sold; Property Type- Retail; Secondary Type-Auto Repair; Sale Date- 1/1/2007 -6/30/2008; -Include Public Record Comps This copyrighted report contains research licensed to Elite Property Services-486592. 418/2010 Page 1 • 1 3801 E 40th Ave-Gas Station and Rapid Lube SOLD Denver,CO 80216 Denver County i... Sale Date: 04/30/2008(213 days on mkt) Bldg Type: Auto Repair Sale Price: $599,500-Confirmed Year Built/Age. Built 2000 Age:8 I kI I s- Price/SF. $348.34 RBA: 1,721 SF I' x1 R,,.t , Pro Forma Cap: - Parcel No: 2244-18-011 Actual Cap Rate: - Comp ID: 1530211 Sale Conditions: - Research Status: Research Complete 2 5425 W 80th Ave-King Square Center SOLD Arvada,CO 80003 Jefferson County `§1r,R' y, Ft NIT ...v Sale Date 11/16/2007(153 days on mkt) Bldg Type: Auto Repair ..Nr ,-,.0"I Sale Price: $575,000-Confirmed Year Built/Age: Built 1997 Age:10 0OO Price/SF: $230.00 RBA: 2,500 SF 1;34-7,,,:- Pro Forma Cap: - Parcel No: 29-254-14-029 Actual Cap Rate: - Comp ID: 1433354 Sale Conditions: - Research Status: Research Complete 3 5425 W 80th Ave-King Square Center SOLD Arvada,CO 80003 Jefferson County 'aD. 11T 'Cif Sale Date: 05/08/2007(181 days on mkt) Bldg Type: Auto Repair i �,t.��?v! a 3;: Sale Price: $550,000-Confirmed Year Built/Age: Built 1997 Age:10 I N.5007- Price/SF: $220.00 RBA: 2,500 SF Pro Forma Cap: - Parcel No: 29-254-14-029 Actual Cap Rate: - Comp ID: 1310319 Sale Conditions: - _.... Research Status: Research Complete 4 7425 W 92nd Ave-Valvoline Instant Oil Change SOLD iii—Westminster,CO 80021 Jefferson County "' '� Sale Date: 03/30/2007(273 days on mkt) Bldg Type: Auto Repair Sale Price: $1,100,000-Confirmed Year Built/Age. Built 2000 Age:7 [ ,.li Price/SF: $275.00 RBA: 4,000 SF `may. Pro Forma Cap - Parcel No: 29-231-07-017 .[„ Cikiegek Actual Cap Rate- - Comp ID: 1285820 Sale Conditions: - Research Status: Research Complete Elt9975 W Bowles Ave-Honest-1 Auto Care SOLD Littleton,CO 80123 Jefferson County " a 6 ibfas h Sale Date: 03/18/2008 Bldg Type: Auto Repair ti { Sale Price: $1,200,000-Confirmed Year Built/Age. Built 1996 Age:12 Price/SF: $388.35 RBA: 3,090 SFit s _Sx Pro Forma Cap: - Parcel No: 59-153-15-010 s y Actual Cap Rates - Comp ID: 1507475 Sale Conditions: - Research Status: Research Complete • 1061 S Hover St SOLD Longmont,CO 80501 Boulder County Sale Date: 11/26/2007 Bldg Type: Auto Repair I Sale Price $1,500000-Full Value Year Built/Age Built 1997 Age:10 -/ '11 Price/SF: $420.17 RBA: 3,570 SF Pro Forma Cap: - Parcel No: 1315080-05-002 Actual Cap Rate: - Comp ID: 1445662 Sale Conditions: - Research Status: Research Complete This copynghled report contains research licensed to Elite Properly Services-486592. 4/8/2010 Page 1 7 1231 Main St-Oil Can Henry's SOLD Windsor,CO 80550 Weld County4iEt Sale Dale: 11/15/2007 Bldg Type. Auto Repair Sale Price $500,000-Full Value Year Built/Age. Built 1995 Age:12 -4014 Price/SF-. $358.17 RBA: 1,396 SF 51 fa ;:„: Pro Forma Cap: - Parcel No: 080720203002 ..+... Actual Cap Rale: - Comp ID: 1524597 Sale Conditions: - Research Status: Research Complete 95 S University Blvd -Grease Monkey SOLD Denver,CO 80210 Denver County Sale Date: 05/01/2007 Bldg Type Auto Repair Sale Price. $442,000-Full Value Year Built/Age. Built 1954 Age:53 Price/SF: $341.05 RBA: 1,296 SF Pro Forma Cap: - Parcel No: 5266-12-008 Actual Cap Rate. - Comp ID: 1304753 Sale Conditions: - Research Status: Research Complete This copyrighted report contains research licensed to Elite Property Services-485592. 4/8/2010 Page 2 AGENT AIJTHORI?,ATION TO WHOM IT MAY CONCERN: We authorize Property Tax Adjustment Specialists. Inc.. to act as our agent in proneny assessment matters for the real and personal property :sted below. As cur agents, Property Tax Adjustment Specialists, Inc. has full authority to handle all matters relative to assessments with your office. This Includes,but is not limited to. the inspection of any property record documents, both public and confidential, fir real and personal property,the receipi of assessment notices,lax statements. etc. Additionally, they have permission to represent us in any appeal or abatement imadcess. This auth:uiz:;tiou is valid for the 2010 tax year, utiti! t and any previous year's appeal or abatement petit ions_ t% '1 .,Dnttt *,*e s ! L2 Z77 :ROPER FY oVVlr ,it OF RECOR "/J __ (Owner as shown on PropertyTax Bill) czb _ Title 9 e- Date Signature /,�.__ ._ . ! 303 - icy ` -�HO E t ofroyJ Plume Number Name(Printed or Typed) PROPERTY At. ;MESS ,'i TAX SC@.EDEL L NUMBER: _Set L.-;-oftr: Licit • `r I I I lI 1 H . i I a ,410' i`liN. o 'co - 0c a, � , 1 VI ..�. an N O' O C C N N c0 rOe� IV O C i N Q O a •tt M CDC' Y1 �pl� Ma� al C.�R 1 a a I � 11 1I• . 1 � o ii 41 ' • i -J-._L •;O, I iN �a.' K MI P. IMI 11 ^:i once' •o �1 00 F,4 , ' is 1 Ci GI C; iMI; 2I�I V .�'. 9. 6• I CI 0 al • O �y 6.• 001 I j r;1 ,imi,_ c �; -�U. U. 1 , I :v I WI i.pi-►w, C lea (2 m, .-a L' '-I 1 > N•' 2� 5 i I � IA 12 ' w A ! � •m m N C 1 I V' a1 i ._. ar, IC; ro G]' C v 00 N L y 14 r-... § un• O O CO .-1 c. .vai ,1 ..ci CC 0 Q 0 rii .-I 00 • 1 It 1 I iN r CJ .K'mi AIM .. ••ao omi `�_ as: -I y, H I : LA th i VII j• i i as ca oa' d w v $ c° i 13 CLERK TO THE BOARD PHONE: (970) 336-7215, EXT. 4226 4 FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 ' GREELEY, COLORADO 80632 C. COLORADO September 3, 2010 RPM PROPERTIES RLLLP 3686 STAGE COACH, UNIT H LONGMONT CO 80504 RE: SCHEDULE NUMBER: R4561906 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: 1160 Dexter St, Ft. Lupton, CO 80621. The meeting is scheduled for September 27, 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 approve 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, 33-v Tonya Disney Deputy Clerk to the Board cc: Assessor Elite Property Services, Inc. 6000 E Evans Ave, Ste 1-426 Denver CO 80222 Hello