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Home My WebLink About20092171.tiffWIk CLERK 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 20, 2009 NOTICE OF INVALID APPEAL Account No.: R3622305 CRVI H-AZCO LLC 301 CONGRESS AVENUE STE 500 AUSTIN TX 78701 Dear Petitioner(s): Your request to appeal your real or personal property valuation has been received in this office; however, records show your appeal to the County Assessor's Office was not made in a timely manner. Under Section 39-8-106(1), C.R.S., no appeal may be accepted by the Weld County Board of Equalization without it first having been considered by the Assessor during the Assessor's appeal period. Although we cannot accept your appeal, we do urge you to contact the Assessor's Office to be certain no error was made in your property valuation. Very truly yours, BOARD OF EQUALIZATION -/ Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor DUFF AND PHELPS LLC 950 17TH ST STE 200 DENVER CO 80202 2009-2171 AS0073 00 '. 45, i'' j 7 6-L-77 7Q) l)s4e3%'�% DUFF & PEILLI'S, I. LC • 95017m SIREEI, SU IIL 2000 • DENVER, CO 50202 • Irk. 303 749 9001 • lax 303 749,9011 DUFF&PHELPS Weld County Board of Equalization 915 10`" Street, PO Box 758 Greeley, CO 80632 Dear Honorable Board, MICHAEL VAN DONSELAAR Senior Associate TEL: 303-749-9034 MOBILE #: 303-875-5471 michaeLvandonselaar@cluffandphelps.com July 13, 2009 On behalf of our client, Cypress Real Estate Advisors and its affiliated entities, Duff and Phelps LLC is hereby filing an appeal for tax year 2009 to the Board of Equalization in response to the Assessor's Notice of Determination for the attached list of real properties. The list includes 25 finished lot parcels acquired by Cypress in the Raspberry Hill Subdivision in Frederick. The current assigned value is $49,398 per lot or $1,234,950 in aggregate. This value is high relative to the allocated acquisition price of $150,000 which also included 100 unfinished lots. It is also high relative to assessed values for finished lots owned by Cypress in Arapahoe and Adams counties that are valued at $10,000 to $25,000 per lot. The assessor's absorption period of 2 years does not seem realistic given the market conditions of June 30, 2008. We would suggest that these lots should be valued at raw land value as sell-off is unlikely and anticipated holding costs continue to drive down the value. Documentation supporting our request has been attached or will be presented at the time of hearing. A signed letter of authorization to appeal is also enclosed. Thanks for your consideration of this matter and we look forward to a reasonable resolution. Sincerely, ✓6a POhG t.A.. Michael Van Donselaar Duff & Phelps LLC 2009-2171 www. du ffa nd phelps. con' Cypress Realty July 13, 2009 Page 2 of 2 Parcel ID 131323304001 131323304002 131323304003 131323304004 131323304005 131323304006 131323304018 131323,304019 131323304020 131323304021 131323304022 131323305001 131323305002 131323305003 131323305004 131323305005 131323305006 131323305007 131323305008 131323308001 131323308002 131323308003 131323308004 131323308005 131323308006 Schedule # R3615905 83616005 R3616105 R3616205 R3616305 R3616405 R3617605 R3617705 R3617805 R3617905 R3618005 R36 -1-8405- R3618505 R3618605 R3618705 R3618805 R3618905 R3619005 R3619105 R3622105 R3622205 R3622305 R3622405 R3622505 R3622605 Assigned Value $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 $49,398 Petitioner's Value $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 412,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 Oppaijd Li no uoo s btG $12,500-..QnwR,«I 6,,enuat .not oppe4aa d $12,500 1A., Qagioam CaLg2 £ 763/x9 $12,500 Esther Gesick ,otsud frp,nom.Lit (Vacua( From: Sent: To: Cc: Subject: Courtney, Esther Gesick Thursday, July 23, 2009 4:25 PM Courtney Anaya Esther Gesick RE: CRVI H-AZCO LLC I'm replying to this e-mail to document the fact that we discussed Account R362305 is Invalid because it was not appealed at the Assessor level, therefore, it may not be appealed to the BOE. Esther E. Gesick Deputy Clerk to the Board Weld County, Colorado 915 10th Street Greeley, CO 80631 (970)356-4000 X4226 (970)352-0242 (fax) From: Courtney Anaya Sent: Thursday, July 23, 2009 3:20 PM To: Esther Gesick Subject: RE: CRVI H-AZCO LLC R3622305 Courtney From: Esther Gesick Sent: Thursday, July 23, 2009 2:28 PM To: Courtney Anaya Subject: CRVI H-AZCO LLC Courtney, Just discovered a another situation similar to what we found with the Tuscany file. We only received appeals on 25 parcels vs. the 139 listed in ScheduleWare for the CRVI H-AZC0 file at 1:30 on 8/5. Here is the list submitted, so can you also delete the extras on this one. R3615905 CRVI H-AZCO, LLC DUFF AND PHELPS R3616005 CRVI H-AZCO, LLC DUFF AND PHELPS R3616105 CRVI H-AZCO, LLC DUFF AND PHELPS R3616205 CRVI H-AZCO, LLC DUFF AND PHELPS R3616305 CRVI H-AZCO, LLC DUFF AND PHELPS R3616405 CRVI H-AZCO, LLC DUFF AND PHELPS R3617605 CRVI H-AZCO, LLC DUFF AND PHELPS R3617705 CRVI H-AZCO, LLC DUFF AND PHELPS R3617805 CRVI H-AZCO, LLC DUFF AND PHELPS R3617905 CRVI H-AZCO, LLC DUFF AND PHELPS R3618005 CRVI H-AZCO, LLC DUFF AND PHELPS R3618405 CRVI H-AZCO, LLC DUFF AND PHELPS R3618505 CRVI H-AZCO, LLC DUFF AND PHELPS R3618605 CRVI H-AZCO, LLC DUFF AND PHELPS R3618705 CRVI H-AZCO, LLC DUFF AND PHELPS R3618805 CRVI H-AZCO, LLC DUFF AND PHELPS R3618905 CRVI H-AZCO, LLC DUFF AND PHELPS R3619005 CRVI H-AZCO, LLC DUFF AND PHELPS R3619105 CRVI H-AZCO, LLC DUFF AND PHELPS R3622105 CRVI H-AZCO, LLC DUFF AND PHELPS R3622205 CRVI H-AZCO, LLC DUFF AND PHELPS R3622305 CRVI H-AZCO, LLC DUFF AND PHELPS R3622405 CRVI H-AZCO, LLC DUFF AND PHELPS R3622505 CRVI H-AZCO, LLC DUFF AND PHELPS R3622605 CRVI H-AZCO, LLC DUFF AND PHELPS Esther E. Gesick Deputy Clerk to the Board Weld County, Colorado 915 10th Street Greeley, CO 80631 (970)356-4000 X4226 (970)352-0242 (fax) Hello