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Home My WebLink About20091982.tiffCLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 COLORADO September 9, 2009 SAFEWAY STORES 46 INC 5918 STONERIDGE MALL RD PLEASANTON, CA 94588-3224 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R1395402 PARCEL #: 147105304001 - FTL 2FLCC LOT 1 BLK1 FORT LUPTON COMMUNITY CENTER FG #2 SITUS: 1300 DEXTER ST FORT LUPTON 80621 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 $4,944,025 $4,769,530 0 4 fk- CLA71tX3 2009-1982 AS0073 ori/ /n7 SAFEWAY STORES 46 INC - R1395402 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 1ST NET REAL ESTATE SERVICES, INC. 3333 S. WADSWORTH BLVD STE 200 LAKEWOOD, CO 80227 2009-1982 AS0073 '14-CUUJkIUCJ 14; ID x`/14/2009 15:33 FAX 9703046433 r. uuut uuI WELDCOUNPYASSESSOR O 002/007 2009 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R1395402 STIPULATION (As To Tax Year 2009 Actual Value) RE PETITION OF: NAME: SAFEWAY STORES 46 INC 5918 STONERIDGE MALL RD PLEASANTON CA 94588-3224 Petitioner(s), SAFEWAY STORES 46 INC 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: FTL 2FLCC LOT 1 BLK1 FORT LUPTON COMMUNITY CENTER FG #2 SITUS: 1300 DEXTER ST FORT LUPTON 806210000 2. The subject property is classified as Commercial property 3. The County Assessor originally assigned the following actual value to the subject property for 2009. LAND: $1.156,794 IMPROVEMENTS: 13,787.231 TOTAL: $4,944,025 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. LAND: $1,156,794 IMPROVEMENTS: $3.612.736 TOTAL: $4,769,530 5. The valuations, as established above, shall be binding only with respect to tax year 2009. 2009-1982 JIIMI,,'-1U-[UU7l IUt) 1U: in `C7/14/2009 15:34 FAX 9703046433 WELDCOUNTYASSESSOR r. uuriuuI la 003/007 6. Brief narrative as to why the reduction was made: Value was.adiusted based upon the general market,prices.per so. ft. that were in place in jhe base perio4, additionally the Income was considered as backup for the market. 7. A hearing has not yet been scheduled before the Board of Equalization. DATED this 13 day of July, 2009. 4,,4 etitioner(s) or AttorneW Petitioner(s) or Attorney Address:7Address: A O 5 As_ A orread CAD ar. CZ27 Telephone: 7;2O .-42.2-.5750 Telephone: County Assessor. ADDRESS: 1400 ts1.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 COMMERCIAL 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. PROPERTY OWNER TAX YEAR - ,:TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R1395402 2009 0882 SAFEWAY STORES 46 INC 5918 STONERIDGE MALL RD PLEASANTON, CA 94588-3224 FTL 2FLCC LOT 1 BLK1 FORT LUPTON COMMUNITY CENTER FG #2 SITUS: 1300 DEXTER ST FORT LUPTON 806210000 1300 DEXTER ST FORT LUPTON, CO 806210000 ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO RIEW ACTUAL VALUE AFTER REVIEW 4,944,025 TOTAL S4,944,025 4,944,025 54,944.025 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. 1ST NET REAL ESTATE SERVICES INC 3333 S WADSWORTH BLVD SUITE 200 LAKEWOOD CO 80227 C, r►; C.i r^ - w f f j 15-D'r-AR'_' .-4.11R 2074 08: • 1NOD lk,2A62 " I CJI EDUREs County Board of Equalization Hearings will be held from July 1 through August 5 at 91510`" 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) 3564000 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 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.qov/baa 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 rrOl 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 rope 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, t coin undersigned wner or agent' of the property identified above, affirm that the statements herein on any attachments here o ar true and complete. 7 o'762 -s'75'' 7-- 9-c? Signature Telephone Number Date Attach letter of authorization signed by property owner. 15 -OPT -AR PR 20]-06/08 NOD #: 2462 mmN 1or amNo O A v 0 m n m c m m m 1 a• ❑ 0 0• m •i 8 mmo O To .a.. MC) i O b O i $ m C �tia In tRte 'g g O q 3 C 4 r N Y a1 to to N m D C C m : U m m U 0 C21 U t C1— O O O 0 N N 0 t0 U U Q N O O O O N N �u^J 2' ,°�br ,tma 6 a 0 0 0.0 0 NN u o o m a o o ; U N W Y N NN O O n N [ti N 10 tr O O M rrr m coo s N- O m Proof Of Concpt H V 0 11 N 1. O O O J ,- m m m V 0 N N n e O y to 0 0 C clot as o R No h o 00 01 N Op N M. a 0 0 0 N- 1L @ H 0), Vi 0O NNV 0 rn'0 N N O N n c5 0 O 0 O M 4 0r0MINI W co 1.- 0 t o$ts r .26:2 10... -' 'pm r0 N O �t0 tm r rr I nor Min ao c 000: M 0 a T Proof Of Concpt N Proof Of Concpt N (O N r t` N O N o MN O) N N N 0 • 0 N IN N W 0 P to N N O N N 4 000 w O O O • o • $ M J O U O u V C O N C N N E N •O V • o 'Y0.m r T r O in 00 r. r M 0 Q el n o M C O O 0 F3 9 to u O O a r N N qq N N a N N M M O N. et N 00 0NNO Mil O M N 0 0 n °INNa m 0 0 0 e Proof Of Concp! 0 0 • 0 0 0 o & O' W 0 W O m 0 to 000 o a9 a O 0 0 O t, oft b M O O O OO m O b a 0 O m NY U 0 E 10 E m U O Cost Approach Direct Cost of Exsisting Improvements Building: 58,165 Square Feet @ $ 46.00 per square feet $ 2,675,590 Site Improvements SF 237,291 @ $ 1.50 $ 355,937 Total Direct Cost $ 3,031,527 Developers Indirect Cost and Profit @ 10% $ 303,153 Replacement Cost New $ 57.33 $ 3,334,679 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 $ 10% $ (333,468) $ 3,001,211 4.88 $ 1,157,980 Total $ 4,159,191 9851 S Parker Rd - (Former) Target SOLD , Parker, CO 80134 - Parker/Castle Rock Submarket ( Sale on 12/01/2006 for $6,500,000 ($67.74/SF) - Research Complete ' 95957 SF Retail General Freestanding (Community Center) Building Built in 1994. EP topero a Dr p la Iii w 2 N a' b 't - '; $rJf.1.$x� Microsoft' .v'Z b a 1' Virtual Earth"' _ tsio J ,:,ueu.s.Su„r,s2.2svr:n-ortu l Buyer & Seller Contact Info . Recorded Buyer: Parker Bullseye L.L.C. Recorded Seller: Target Corporation True Buyer: Woodbury Corporation True Seller: Target Corporation 2733 E Parleys Way 1000 Nicollet Mall Salt Lake City, UT 84109 Minneapolis, MN 55403 (801) 485-7770 (612) 304-6073 Buyer Broker: No Buyer Broker on Deal Listing Broker: Jones Lang LaSalle Brian Murphy (214) 545-6900 Transaction'Details, Improved ID: 1191311 Sale Date: 12101/2008 (326 days on market) Escrow Length: 80 days Sale Price: $8,500,000 -Confirmed Asking Price: - Price/SF: $87.74 Price/SF Land Gross: $18.65 Percent Leased: - Tenancy: Single Transfer Tax: $850 Legal Desc: Lot 2, Maclachlan Subdiv Flg. No. 1 Parcel No: 2233-103-08-005 Document No: 0105338 Sale Type: Investment Bldg Type: Retail - General Freestanding (Community Center) Year Built/Age: Built in 1994 Age: 12 GLA: 95,957 SF Land Area: 8 AC (348,480 SF) Percent Improved: 42.9% Total Value Assessed: $1,982,710 in 2006 Value Assessed: $850,850 Land Value Assessed: $1,131,860 Land Assessed/SF: $3.00 This copyrighted report contains research licensed to 1st Net Real Estate Services - 89538. 5/2712009 Page 11 4 arker Rd (Forme'r) Target, hiker CO 80,134 -, Parker/Casde Rock Subrparket ale oh 12/Q1,/2006 for$Q,500 00Q ($67.74/SF) Research cpmplete 5 9r57 Sfi Retail.Qeperal Freestandrgg{Commumty'Ce'nter) ,Bulltlin0 Built in 7994' Recorded Buyer: True Buyer: Buyer Broker: Parker Bullseye L.L.C. Woodbury Corporation 2733 E Parleys Way Salt Lake City, UT 84109 (801) 485-7770 No Buyer Broker on Deal Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: Legal Desc: Parcel No: Document No: 12/01/2006 (326 days on market) 60 days $6,500,000 -Confirmed $67.74 $18.65 Single $650 c oelosa Dr e Microsoft` r.3 Virtual Earth' Seller Conte� Recorded Seller: True Seller: Listing Broker: Transaction' Details, Lot 2, Maclachlan Subdiv Flg. No. 1 2233-103-08-005 0105338 Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: Percent Improved Total Value Assessed Improved Value Assessed Land Value Assessed Land Assessed/SF Target Corporation Target Corporation 1000 Nicollet Mall Minneapolis, MN 55403 (612) 304-6073 Jones Lang LaSalle Brian Murphy (214) 545-6900 Investment Retail - General Freestanding (Community Center) Built in 1994 Age: 12 95,957 SF 8 AC (348,480 SF) 42.9% $1,982,710 in 2006 $850,850 $1,131,860 $3.00 ID: 1191311 This copyrighted report contains research licensed to 1st Net Real Estate Services- 89536. 5127/2009 Page 11 Recorded Seller: True Seller: 51-S Parker Rd'- (Former) Target Parker CO80134 ParkerlCaaUq Rock,8ubmarket Sale on(7210112008 for $6,500 00Q ($677415F) Research Complete 95,957SF RetaiLGeneral Freestanding(Community Center),@uiiding Built in 1994 Recorded Buyer: True Buyer: Parker Bullseye L.L.C. Woodbury Corporation 2733 E Parleys Way Salt Lake City, UT 84109 (801) 485-7770 Buyer Broker: No Buyer Broker on Deal Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: Legal Desc: Parcel No: Document No: i,1aroto Or 4 Mkrorott` #' Virtual Earth' ror &Seller Contact Info Listing Broker: Transaction Details, 12101/2006 (326 days on market) 60 days $6,500,000 -Confirmed $67.74 $18.65 Single $650 Lot 2, Maclachlan Subdiv Flg. No. 1 2233-103-08-005 0105338 Target Corporation Target Corporation 1000 Nicollet Mall Minneapolis, MN 55403 (612) 304-6073 Jones Lang LaSalle Brian Murphy (214) 545-6900 Sale Type: Bldg Type: Year BuilUAge: CIA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed: Land Value Assessed: Land Assessed/SF: SOLD ID: 1191311 Investment Retail - General Freestanding (Community Center) Built in 1994 Age: 12 95,957 SF 8 AC (348,480 SF) 42.9% $1,982,710 in 2006 $850,850 $1,131,860 $3.00 This copyrighted report contains research licensed to 1st Net Real Estate Services - 89538. 5/27/2009 Page 11 Recorded Seller: True Seller: Recorded Buyer: True Buyer: Buyer Broker: Parker Bullseye L.L.C. Woodbury Corporation 2733 E Parleys Way Salt Lake City, UT 84109 (801) 485-7770 No Buyer Broker on Deal Pcoerosa Dr CC u Microsoft` ti Virtual Eaith' Buyer & Seller Contact Info.'' Listing Broker: 4. (ft m I fit' F4tti Target Corporation Target Corporation 1000 Nicollet Mall Minneapolis, MN 55403 (612) 304-6073 Jones Lang LaSalle Brian Murphy (214) 545-6900 Transaction Details ID: 1191311 Sale Date: Escrow Length: 1210112006 (326 days on market) 60 days Sale Price: $6,500,000 -Confirmed Asking Price: Price/SF: Price/SF Land Gross: $67.74 $18.65 Percent Leased: - Tenancy: Single Transfer Tax: $650 Legal Desc: Lot 2, Maclachlan Subdly Flg. No. 1 Parcel No: 2233-103-08-005 Document No: 0105338 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 1994 Age: 12 95,957 SF 8 AC (348,480 SF) 42.9% $1,982,710 in 2006 $850,850 $1,131,860 $3.00 This copyrighted report contains research licensed to 1st Net Real Estate Services - 69538. 5/27/2009 Page 11 1300LeaseGnd. / � 7 \§0 !!\:{ !$©§C 0 !) z�!_;e Selected Rental Rate 1300 Dexter Total Operating Revenue 58,165 Rentable SF @ Operating Expense Reserve for Replacement/Management Expenses 5% $ 7.00 Total Expenses Expenses Per SF Vacancy5% 2008 19,340 $ 19,340 $ 0.33 2008 $ 407,155 $ (20,358) $ 386,797 $ 19,340 Net Income from Rental Real Estate $ 367,457 Capitalization Rate 8.00% 0.08 Indicated Property Value $ 4,593,217 aHr LWAV TAX PAGE 02/13 ft Net Real Estate Services, Inc.. 3333 S. Wadsworth Blvd. Ste. 200 Lakewood CO 80227, Phone:720-962-5750, Fax:720-962-5760 LEI'1'ER 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 Dated this 3e - day of gil20 d Owned Tenant: Safeway Inc. Signature: Print Name: Robin H. Knight Title: ai-sszciterr 7/E$d'cf c.2 Address 5918 Stoneridee Mall Rd. Cily, State. Zip: Pleasanton CA 94588 Phone: 925-226-5565 Fax #: 925-226-5738 STATE OF CALIFORNIA ) SS COUNTY OF Alameda ) Sworn to and subscribed before methis 38th day of March 20 (1q by Robin H. Knight Witness my hand and official seal. My Commission expires March 8, 2011 Notary Public 77 Address 591 R Stnneri ^pP Mall R9oad Pleasanton. A 95 /,iyt� Conan i4 11:4$ [ L • • V % A1a111bO CeaWy I Mrfannm�lrn! 20u E y/gib/2U09 15:40 925-226-5738 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 1200 2ND AVE 37500 E HWY 40 1008 SUMMIT FRISCO 1101 EHWY24 WOODLAND PARK 1122 11TH Ave. 100 S ROLLIE AVE 101 S ROLLIE AVE Fuel 1535 MAIN 1536 MAIN Fuel 8206 13 CR. 8206 13 CR. 8206 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 6031.302.190.060 6031.302.190.020 R3239986 R1395402 R1395802 R0584601 R0584701 R0722701 R5411386 R0722901 County PUEBLO PUEBLO PUEBLO PUEBLO PUEBLO PUEBLO PUEBLO RIO GRANDE ROUTT SUMMIT SUMMIT TELLER TELLER WELD WELD WELD WELD WELD WELD WELD WELD Hello