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Home My WebLink About20092197.tiffCLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 COLORADO August 21, 2009 SAFEWAY STORES 46 INC C/O CPTS (No. 1791) 1371 OAKLAND BLVD No. 200 WALNUT CREEK, CA 94596 Parcel No.: 080719006003 Account No.: R0584601 Dear Petitioner(s): Based upon information furnished to the Weld County Board of Equalization, we understand that you have withdrawn the petition challenging the valuation of the above PIN number. Please be informed that a withdrawn petition precludes any further challenge to the valuation of the above PIN number for this assessment period. Therefore, the Board of Equalization took no action on your petition and the assessed value remains as set by the Assessor. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 1ST NET REAL ESTATE SERVICES INC 3333 S WADSWORTH BLVD STE 200 LAKEWOOD, CO 80227 2009-2197 AS0073 to s, C /1, /-f-7- -tr-t Ca/ "ijaloci COMMERCIAL 4,796,805 REAL AND PERSONAL PROPERTY NOTICE OF DETERMINATION Christopher M. Woodruff WELD Assessor 1400 N 17th Ave GREELEY, CO 80631 Date of Notice: 6/24/2009 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO, TART. TA) LEGAL DESCRIPTION! PHYSICAL LOCATION R0584601 2009 0437 SAFEWAY STORES 46 INC C/O CPTS (No. 1791) 1371 OAKLAND BLVD No. 200 WALNUT CREEK, CA 94596 WIN 1HS L1 BLK1 HOEHNE 1ST FG EXC ROW TO CDOT REC#3182865 1535 MAIN ST WINDSOR 80550 1535 MAIN ST WINDSOR, CO 80550 ASSESSOR'S.TALUA ACTUAL TALUS AFTER REVIEW 4,796,805 TOTAL $4,796,805 $4,796,805 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: LHO2 - 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. 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 leviSs, we recommend that you attend these budget hearings. Please refer to last year 'tax biller air( your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional infor ation r 1ST NET REAL ESTATE SERVICES INC 3333 S WADSWORTH BLVD SUITE 200 LAKEWOOD CO 80227 2009-2197 n N) (jS 15 -OPT -AR PR 207-08/08 NOD #. 1956 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, Colorado 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 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 Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9t Avenue and 9th Street, P.O. Box C Denver, CO 80203 Greeley, Colorado 80632 (303) 866-5880 Telephone (970) 356-4000 Ext. 4520 www.dola.colorado.govlbaa 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, S 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, 2008? (Your opinion of value in terms of a specific dollar amount is required for,re j Qpe ursuant to § 39-8-106(1.5), C.R.S.) 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.) I ATTESTATION.: I. te�undersig d owner or agent' of the property identified above, affirm that the statements ed her nd on any attachments hereto ar true and complete. �> 7�0-Ye,2-575 7 ignature f1 Telephone Number Date 'Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/08 NOD M: 1956 a I C a 0 U 1/2 w h to co N O CO atN to m 4 Gm ! .3-- 47 O Q a -) O • i O 0 CC 0 0 O o O a q a 3 4 0 0 0 0 O O N .13 O a N 0 1 O 0 0 m r o Q 0 r6 N N .- IfJ to 0 N m N N N N74 a a m N y F. O o).- 0) to en a 0 N N h u e is O a '6 CO 0 0 O 0 G O O C 9 p u 4 0 CO T N 0 > N 7, N y 4 in N Cti N in o T 4 M Y O) o I, N 0 o n N a C) al t NN CV e 0 0 O Zc g ep �`��+1 W tmp t+ g n]! ;3.e pO o40t W m C N IG v �aOm O) T 'ON N Ct: m N Q ' • YO t 0 _ C1 0 0. 0 M COI &I e9 Ln m cc co fi Proof Of Concpt v Proof Of Concpt ea 0 0 0 0 0 0 0 C cD Proof Of Concpt N C co e CO O N `y CO Nn 8 W N O 0N r 4),. co. e •,- 400' o c T9 8 Y d b 4 Proof Of Concpt CO oCO EM Co R 0 0 0 e 8 N N 0 N N N N 0 N N M o et N^i FY cm O N N O Wu) O C) M to 0 'a W N N O, " T 0 0 0 0 e O S O CD 0 O it 0 3 o o Q co O 0 W 0 O LP Oda O o o.2 a to 0 0 0 0 7561 W 881h Ave e h 8 R m 0 _ N a S N ? 0 N O m O M to p to N co a' a .J 0 9 C 4 Cost Approach Direct Cost of Exsisting Improvements Building: 56,433 Square Feet @ $ 46.00 per square feet $ 2,595,918 Site Improvements SF 237,291 @ $ 1.50 $ 355,937 Total Direct Cost $ 2,951,855 Developers Indirect Cost and Profit @ 10% $ 295,185 Replacement Cost New $ 57.54 $ 3,247,040 Depreciation, which is a loss in value of improvements, may be thought of in three catagories. Physical Depreciation: Economic Depreciation: Functional Depreciation: Depreciated Improvement Value Add land to Value $ 6.15 10% $ (324,704) $ 2,922,336 $ 1,459,340 Total $ 4,381,676 Recorded Buyer: True Buyer: Recorded Seller: True Seller: nngmpnt C0 80501 LQ gmonYSubiii soi /^?2007 fora 4,QQ0 0090`74 ,4 �gS<Re`feil Genel'glx„r�estaning Buyer Type: Buyer Broker: W Mkro' Virtua Earth'"Y6aa Uluueeti Cu y es q0 h.. uyer'& Seller Contact Info Twin Peaks Mall Associates Ltd CBL & Associates Properties, Inc. Charles Willett 2030 Hamilton Place Blvd Chattanooga, TN 37421 (423) 855-0001 REIT (Public) No Buyer Broker on Deal The Higbee Company Dillard's, Inc. 1600 Cantrell Rd Little Rock, AR 72201 (501) 376-5200 Listing Broker: No Listing Broker on Deal Sale Date: 0612112007 Escrow Length: - Sale Price: $4,000,000 -Confirmed Asking Price: - Price/SF: $42.74 Price/SF Land Gross: $11.31 Transaction Details Sale Type: Investment Bldg Type: Retail - General Freestanding Year Built/Age: Built in 1984 Age: 23 GLA: 93,600 SF Land Area: 8.12 AC (353,707 SF) Percent Leased: - Transfer Tax: $400 Percent Improved: - Total Value Assessed: $1,305,000 in 2006 Improved Value Assessed: - Land Value Assessed: - Land Assessed/SF: - Financing: Not Available Legal Desc: Lot 4A Twin Peaks Mall Parcel No: 1315090.40-004 Document No: 2865015 This copyrighted report contains research licensed to 1st Net Reel Estate Services - 99536. 3D 1342275 _. 5/2712009 Page 1 5220 E 6th Ave Former Albertson's Supermarket. T.,a51 CO 80011 Aurora Subr arrket: k ehin 10/0112007 for $'I 6"00,00`($,38 66/SP) Re; , 41'cgtnpletg YY.1 Pk ,TIf ₹F4 p tI ryF ��. 41384 $F Re)ali Supermarket (Neighborhood Center}, Buffs)(ng Bldg SOLD'' r t ' X13 ,uilt;In1980 EatryAva z gd. �C4 6fn nece w Ave z �/ a ' ® % P stn PI .. .,. - p,.. 500 yes Mkrosaft I Virtual Earth'2Lta:Err ls,i$V.. __as.,. p......61 ,Suyrkr, liIlerCgntactInfo , -(`,,,,t•-� I — - - Recorded Buyer: Sixth and Chambers LLC Recorded Seller: NK-Remainder Interest LLC 1 Penn Plz New York, NY 10119 (212) 692-7200 True Buyer: Western Centers, Inc. Mark Schwartz 2821 S Parker Rd Aurora, CO 80014 (303) 306-1000 Buyer Broker: Earthwise Inc Listing Broker: Legend Retail Group Brian Hollenback (720) 529-2987 Jesse Yuran (720) 529-2984 Transactio{tDetafls" h -°,a>,' ID: 1414152'.. Sale Date: 10101/2007 (365 days on market) Sale Type: Investment Escrow Length: 90 days Bldg Type: Retail - Supermarket (Neighborhood Center) Sale Price: $1,600,000 -Confirmed Year Built/Age: Built in 1980 Age: 27 Asking Price: $1,900,000 GLA: 41,384 SF Price/SF: $38.66 Land Area: 4 AC (174,240 SF) Price/SF Land Gross: $9.18 Percent Leased: - Tenancy: Single Percent Improved: 75.4% Transfer Tax: $160 Total Value Assessed: $687,000 In 2006 Improved Value Assessed: $502,780 Land Value Assessed: $164,220 Land Assessed/SF: $0.00 Legal Desc: Lot 4 Bik 1 Chambers Village East Subdiv Flg No. 1 Parcel No: 1975-07-1-03-006 This copyrighted report contains research licensed to 1st Net Real Estate Services - 69536. 5/27/2009 Page 16 Sr P: 550 E -€102nd Ave ,DenCo 8022@ North Submarket', L. o1130/2007.J0r$5100 000 ($46.97/SF) Research Complete Salver, en A 108,57p $F;ltetail Gen"eral Freestanding B 88 uilding Built in 19 SOLD co-r Highland 3 O Memorial ?21 Gardens Cemetery «t• ' d^; y E 102nd Ave t E 101 6 E1[ U E 100u Mkroralt Virtual Earth E 990 PI A Oa 3.ur_r CY0:44�:. Nr s ,ra09:-- .> ;EVtJr .,41h r—�ellerContactlnfo- � .. . Recorded Buyer: Wal-Mart Realty Recorded Seller: Elk Grove Limited Partnership 10024 Devon Limited Partnership LuntlBerteau Limited Partnership Centennial Palace on the Lake Limited Partnership True Buyer: Wal-Mart Realty True Seller: Inland Real Estate Corporation 2001 SE 10th St 2901 Butterfield Rd Bentonville, AR 72712 Oak Brook, IL 60523 (479) 273-4535 (630) 218-8000 Buyer Type: Corporation Seller Type: Corporation Buyer Broker: Jones Lang LaSalle Listing Broker: No Listing Broker on Deal Joren Peterson Transaction Details ID: 1231038 Sale Date: 0113012007 Sale Type: Investment Escrow Length: 75 days Bldg Type: Retail - General Freestanding Sale Price: $5,100,000 -Confirmed Year Built/Age: Built in 1988 Age: 19 Asking Price: - GLA: 108,575 SF Price/SF: $46.97 Land Area: 8.13 AC (354,143 SF) Price/SF Land Gross: $14.40 Percent Leased: - Tenancy: Multi Percent Improved: 43.9% Sale Conditions: Double Escrow Total Value Assessed: $1,098,110 in 2006 Transfer Tax: $510 Improved Value Assessed: $482,170 Land Value Assessed: $615,940 Land Assessed/SF: $1.00 Legal Desc: Lot 1, Block 3, Horizon Meadows Subdly. Fig. No. 1 8 easements Parcel No: 1719-15-1-02-012 Document No: 0011975 This copyrighted report contains research licensed to 1st Net Real Estate Services - 59536. 5/2712009 Page 2D 5005 W ,120th Ave - K -Mart Broomfield, CO 80020 Broomfield County Submarket Sale on 11/30/2006 for $3,000,000.($33.00/SF) - Research Complete 90,900 SF Retail General Freestanding (Community Center) Building Built in 1979''. Ave Yates Cr * ."4-7-------«. W 1201h Ave, �'• �1zer T'287. w $20TAva .. _. m Recorded Buyer: Lone Ranger LLC 9701 Wilshire Blvd Beverly Hills. CA 90212 5 g z Microsoft N' $111th+ Virtual Earth'" 4 v..ILL.,):-Ii...it;,-,:,;,—,,,=,'at,:iiL.I1t-'.Ji:N1 it Buyer a Seller Contact Info Buyer Type: Individual Sale Date: 11/30/2006 Escrow Length: - Sale Price: Asking Price: Price/SF: $33.00 Price/SF Land Gross: $9.04 $3,000,000 -Full Value Percent Leased: - Transfer Tax: $300 No. of Tenants: 1 Tenants at time of sale: Kmart Legal Desc: Parcel No: Document No: -3Or. yd5 Recorded Seller: Broomfield Partners LP Transaction Details ttt ID.,1440070' ; Broomfield Plaza Subdlv Replat BIk 2 1573.31-3-08-006 0016361 Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed: Land Value Assessed: Land Assessed/SF: Investment Retail - General Freestanding (Community Center) Built In 1979 Age: 27 90,900 SF 7.62 AC (331,927 SF) 39.7% $798,880 In 2005 $317,480 $481,400 $1.00 This copyrighted report contains research licensed to 1st Net Real Estate Services - 89536. 612712009 Page 1 1535MainLeaseGdd xls , � f \() #\; O Iv \7/ ( 7 )dZ`C \ fog Selected Rental Rate 1535 Main St. Total Operating Revenue 56,433 Rentable SF @ Operating Expense Reserve for Replacement/Management Expenses 5% $ 7.00 Total Expenses Expenses Per SF Vacancy5% 2008 18,764 $ 18,764 $ 0.33 2008 $ 395,031 $ (19,752) $ 375,279 $ 18,764 Net Income from Rental Real Estate $ 356,515 Capitalization Rate 8.00% 0.08 Indicated Property Value $ 4,456,443 ocJ-LLO-J/30 SAFEWAY TAX PAGE 02/13 Alla l in; --VuOeµlpl i I1�1 n my mail on 111111 1101 1s` Net Real Estate Services, Inc.. 3333 S. Wadsworth Blvd. Ste. 200 Lakewood CO 80227, Phone:720-962-5750, Fax:720-962-5760 LETTER OF AUTHORITY To Whom It May Concern: I, Robin H. Knight , am the owner, and/or agent of the owner, of the following real and/or business personal property: ADDRESS PARCEL/SCHEDULE NUMBER COUNTY See Exhibit A, Attached hereto and incorporated herein by this reference I do hereby authorize 1st Net Real Estate Services, Inc. to represent my interests and to appear on my behalf before County Assessor, County Board of Equalization, Board of County Commissioners, the Colorado Board of Assessment Appeals, binding arbitration, District Court, all Colorado state courts, and/or any other agency or entity with regard to any and all matter(s) concerning the valuation and taxation of the above mentioned property(s) for tax years 2009, and all previous years as allowed by Colorado law. The undersigned requests that copies of all decisions from any of the above entities, or any other agency or entity, as is involved pertaining to matters of valuation and/or taxation for the above -mentioned property(s), be mailed to: 1st Net Real Estate Services, Inc. 3333 South Wadsworth Blvd. Suite 200 Lakewood, CO 80227 Phone; (720) 962-5750 Fax: (720) 962-5760 Sat Dated this day of ish`r' e-4 20 0 Owner/ Tenant: y Safeway Inc. Inc. Print Name: Robin H. Knight Signature: Title: )41-iscri 7riiec aeE2 Address: 5918 Stoneridge Mall Rd. City, State, Zip: Pleasanton CA 94588 Phone: 925-226-5565 Fax #: 925-226-5738 STATE OF CALIFORNIA ) SS COUNT,/ OF Alameda Sworn to and subscribed before me this 4nth day of March 20 04 by Robin H. Knight Witness my hand and official seal. My Commission expires March 8, 2011 Notary Public Address 6 1R Stnneriige Mal Rnad Pleasanton. A 94588-3229 ts, .Colbff t Min way r as • Cana mina Comfy ► ocantlnmre 20tu I a::; /30/2009 15:40 925-225-5739 SAFEWAY TAX PAGE 13/13 4ddress 617 W 29TH 1322 E 8TH ST. 1348 E 8TH ST VACANT LAND VACANT LAND 1231 S PRAIRE 1231 S PRAIRE 12O0 2ND AVE 37500 E HWY 40 1OO8 SUMMIT FRISCO 11O1 EHWY24 WOODLAND PARK 1122 11TH Ave. 1OO S ROLLIE AVE 101 S ROLLIE AVE Fuel 1535 MAIN 1536 MAIN Fuel 82O6 13 CR. 62O6 13 CR. 82O6 13 CR.Fuel EXHIBIT A Schedule # 05-241-02-041 04-293-34-010 04-293-34-001 04-293-34-006 04-293-34-011 15-034-31-006 15-034-33-003 3531330012 R4251212 1900139 1900072 '031'302'190.060 6031.302.190.020 R3239986 R1395402 R1395802 R0584601 R0584701 R0722701 R5411386 R0722901 PUEBLO PUEBLO PUEBLO PUEBLO PUEBLO PUEBLO PUEBLO RIO GRANDE ROUTT SUMMIT SUMMIT TELLER TELLER WELD WELD WELD WELD WELD WELD WELD WELD County 07/16/2009 13:57 FAX 9703046433 JUL-I4-2009(TUE) 13:45 WELDCOUNTYASSESSOR a002/002 P. 002/002 JI1! III .• 11I "`1IIII ,,III 1111111 111 111 111/1 1111 'VIII 1111 X1111 111E 111 7J i AMIS tint 1lhdwrwe. BIN. auks 200. Lakewood CO 10M7. Minn Sena. ' a42r4M11 rat noon M twin imam Weld Casty Beard of Equalinfon 915 led' St. Greeley CO 80632 Re; Valuation Protest for Account # R0584601 We respectfully request the Petition to the Board of Equalization for the above mentioned schedule number be withdrawn. Thank rou for your attention in this matter 1st Net Real Estate Services, Inc. CC; Wade J. Manes 07/16/2009 13:56 FAX 9703046433 JUL-14-2009(TUE) 13:45 WELDCOUNTYASSESSOR g1001/002 P.001/002 I"Net Real Estate Services, Inc. 3333 S. Wadsworth Blvd. Ste. 200 Lakewood CO 80227 Phone: 720-962-5750 Fax: 720-962-5760 e-mail: dtteorge@1st1net.biz From Dan George Della 7/14/2009 TO:Weld Comity Bard of Equelladon 8701001: Onidey CO 00132 FAX:1/970-304.6433 CO Wade a Maur Was 970-3046433 Subject Schedule # acto 352-02q2 Hello