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Home My WebLink About20091908.tiff*rr• COLORADO September 1, 2009 GREELEY REALTY VENTURES LLC 31811 MIDDLEBELT SUITE 202 FARMINGTON HILLS, MI 48334 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R2587603 PARCEL #: 095914309001 - GR 2CP L1 BLK1 CENTERPLACE 2ND FG SITUS: 4224 CENTERPLACE DR GREELEY Dear Petitioner: On July 28, July 30, and August 5, 2009, 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 DETERMINED BY ASSESSOR ACTUAL VALUE AS STIPULATED $7,094,160 $6,618,000 C C '. F{ S, 04, P 0—Efr ria?) 2009-1908 AS0073 OV/ GREELEY REALTY VENTURES LLC - R2587603 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 CBIZ PROPERTY TAX, LLC, ATTN RICHARD HERMES ONE CITYPLACE DRIVE STE 570 ST LOUIS, MO 63141 2009-1908 AS0073 W (7/09/2009 09:58 FAX 9703048433 WELDCOUNTYASSESSOR In002/003 2009 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R2587603 STIPULATION (As To Tax Year 2009 Actual Value) RE PETITION OF : NAME: GREELEY REALTY VENTURES LLC ADDRESS: 31811 MIDDLEBELT SUITE 202 FARMINGTON HILL, MI 48334 4 W Petitioner(s),GRgEL Y REALTY VENTURES LLC and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 2009 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: LOT 1 BLOCK 1 CENTERPLACE 2�� FILING. AKA 4224 CENTERPLACE DR. GREELEY 2. The subject property is classified as COMMERCIAL property. 3. The County Assessor originally assigned the following actual value to the subject property for tax year 2009. Land $ Improvements$ Total $ 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 4 Improvements$ 4 Total $ 6. 18.000 RECEIVED 07-09-'09 10:53 FROM- 9703046433 TO- CBIZ ATA ST. LOUIS P002/003 2009-1908 07/C9/2009 09:58 FAX 9703040433 WELDCOUNTYASSESSOR WJ UUJ/UU3 5. The valuations, as established above, shall be binding only with respect to tax year 2Q09. 6. Brief narrative as to why the reduction was made: Value wee adiusted based Loop the general market prices per ta. ft. that were lnjlace in the bestoeriod, 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 DATt;, at TIME am be yateg; or, a hearing has not yet been scheduled before the Board of Equalization x (check if appropriate). DATED this 9 day/of July, 2009. -Lea/ OAe Coy /6/ce Day Sion - etit�) or ttorney Petitioners) or Attorney Address: Address: s-70 Sr Lahr, MO 63/S// Telephone: ?/y ≤ f2 .rc/f Telephone: couas*ssor Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 RECEIVED 07-09-'09 10:53 FROM- 9703046433 TO- CBIZ ATA ST. LOUIS P003/003 Stan Jantz From: Sent: To: Subject: Attachments: D00070909.pdf (45 KB Stan, Here's the signed stip. Call with any questions. Richard Hermes (CBIZ ATA - St. Louis) [RHermes@CBIZ.com] Thursday, July 09, 2009 10:08 AM Stan Jantz FW: Kohl's Stip DOC070909. pdf Thanks for all your help. Rich Richard W. Hermes, CMI Senior Property Tax Manager CBIZ Accounting, Tax & Advisory of St. Louis, LLC One CityPlace Drive, Suite 570 St. Louis, MO 63141 Direct: 314-692-5841 Cell: 618-210-0712 Fax: 314-692-4222 Email: rhermes@cbiz.com Original Message From: 4th Floor Copier[mailto:4thFloorCopier@cbiz.com] Sent: Thursday, July 09, 2009 1:00 PM To: Richard Hermes (CBIZ ATA - St. Louis) Subject: Scanned from MFP-05872485 07/09/2009 10:59 Scanned from MFP-05872485. Date: 07/09/2009 10:59 Pages:2 Resolution:200x200 DPI COMMERCIAL 7,094,160 7,094,160 R2587603 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 TAXYEAR 2009 TAX AREA 0683 GREELEY REALTY VENTURES LLC (89.9% INT) 31811 MIDDLEBELT SUITE 202 FARMINGTON HILLS, MI 48334 :GAL DESCRIPTION/ PHYSICAL LOCATION GR 2CP L1 BLK1 CENTERPLACE 2ND FG SITUS: 4224 CENTERPLACE DR GREELEY 000000000 4224 CENTERPLACE DR GREELEY, CO 000000000 ASSESSOR'S VAL A' TOTAL $7,094,160 $7,094,160 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 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 information. 43 CBIZ ACCOUNTING TAX & ADVISORY SERVICES C/O RICHARD ERES :3 d b- -)f` UV ONE CITY PLACE STE 570 ST LOUIS MO 63141 15 -OPT -AR PR 207-08/08 NOD N 2372 Signature r 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 i i + I�; ��C.w•c4 915 10TH Street, P.O. Box 758 Greeley, Colorado 80631 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, 4 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 9°" Avenue and 9'' Street, P.O. Box C Denver, CO 80203 Greeley, Colorado 80632 (303) 866-5880 Telephone (970) 356-4000 Ext. 4520 www.dola.colorado.govibaa 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, § 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 real property pursuant to ` 39-8-106(1.5), C.R.S.) $;,44a%' 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.) ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements c ine}f her in 9n any attachments hereto are true and complete. It ZIT -Gee/ 3/ /6Sz Shy/ 7/-0 Telephone Number Date Attach letter of authorization signed by property owner. 15•DPT-AR PR 207-08/08 NOD# 2372 CBIZ CBIZ Accounting, Tax & Advisory Services, LLC One City Place Drive, Suite 570 St. Louis, MO 63141 Ph: 314.692.2249 • F: 314.692.4222 July 7, 2009 Clerk to the Board of Equalization Weld County Board of Equalization 915 10th Street Greeley, Colorado 80631 Re: Kohl's R2587603 Dear BOE, Please find attached the protest form representing the above mentioned property. As I will be coming in from out of town and I am already scheduled in Arapahoe County at 8:00am on July 29, is it possible to have a hearing either on the afternoon of the 28th or sometime after my Arapahoe hearing? Do not hesitate to contact me with any questions or concerns at 314-692-5841. Respectfully submitted, Richard W. Hermes, CMI Senior Property Tax Manager Enclosures 12627036)43 KOTRS CORP FINANCE 03.21.36 pm 06-04-2007 2 /2 KON IS LETTER OF AUTHORIZATION - 2007 SUBJECT: APPOINTMENT OF AGENT To: All County Assessors, Appraisal Districts and Property Assessment Jurisdictions Please be advised that Richard Hermes and Jay Mason of CBIZ Property Tax LLC, One CityPlace Drive, Suite 570, St Louis, MO, 63141, are duly appointed agents of Kohl's Department Stores Inc. in all ad valorem tax matters. Richard Hermes and Jay Mason of CBIZ Property Tax LLC are authorized to represent Kohl's Department Stores Inc. in appraisal applications; negotiating, appealing and settling real estate assessments with appropriate govemmentjurisdictions; change mailing addresses where appropriate and receive communications from appraisal or assessing authorities. This appointment is effective January 1, 2007, and will remain in effect until further notice. Sincerely, D. Kendall Lees Real Estate Expense Manager Kohl's Department Stores CORPORATE OFFICES • N56 W17000 RIDGEWOOD DRIVE • MENOMONEE FALLS. WISCONSIN 53051 • (262) 703-7000 KOHL'S #569 Greeley, CO Account # R2587603 GBA Rent PGI Expenses @8% NOI Cap Rate MV Say: Per S.F. 88,677 $6.50 $576,401 -$46,112 $530,288 8.50% $6,238,688 $6,200,000 $70 Proposed by Weld Co. $7,094,160 Per S.F. $80 O U) O aCl) ) a i rn O N L E. N CO 3 (n O 0 O m a) .a) 00 3 co a C) O C E O °) _C E a) O O. O C L -a L .O O 'O O -O = m d (%% C CO C = O C C) C CO Q E co N _iiii 45 E E aa)) a) aa)) E `n a` )) aa)) E E O 8 92 O O N O s_ O co O co U u_ U- LL LL LL -LL CD LL LL CL U_ CL RENT COMPARABLES Lease Rate/SF •-, C m C a) I- (1) N in 0 O 0 O m 0 o� co O COco o O (N o M V oO N oi 0O co co T co m O N N fA > T a) a) c c a)a) a) a) a a o O Gander Mountain Sam's Club 0O (D N CO to CO to (A cA r u) ca 3 2 O a J CO Property Address to N O fa > o D m 3 3 c 3 a v a s 45 m m >@ o) & = C0 U .C W m C i 0 >0 - a) m° o 0 0< j m a) o a@ LO C I!) O O j 0 LO N CO (O L m J r LL r Q d' LL � J CO Average Rental Rate a C in 01 co C o a ry '5 d m O 0 N 0 O m .e's Food N' Fun ry0 d 0 S — R N u v m O N -2;f o 8; ¢ —5 U 0 155 vo v o ?° a 9 m E E o E° y o f m a H88 ofl Aom E E.. a 0r O 0$ 88.22 E E NE 0 `0 ` E %v O OMM O▪ MNW d O A W U LL> d LL D- d LL D f W LIB Ratio Sale Price/SF 0 N O y Property Address N N N w O of N T 0 0 0 N m 108,575 3.26'.1 Current Kmart � O xa ins eaa m m Tn U > 61); 88— 8=4 LL 0S O O O W O) O o m 0 0 0 0 0 0 6 O O 0 0 0 N O O S 4, 4, N 0 13 N N CD N w w m y a a O a c C O C N m .-o O o 0 W C o 0 0 - 6 F - W 3 E O 0 • 01 m o a O 0) J Hello