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Home My WebLink About20091883.tiffCLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 WI�Dc. COLORADO September 1, 2009 BFS RETAIL & COMMERCIAL OPERATIONS LLC C/O BRIDGESTONE AMERICAS HOLDING INC 535 MARRIOTT DR 9TH FL No. 110701 NASHVILLE, TN 37214 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R3236186 PARCEL #: 096108202004- GR 5255 S133FT L5BLK83 SITUS: 1130 8 AV GREELEY 80631 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 $417,240 $365,085 CO r,/IS CM, Pig C c-E-� le -7A 2009-1883 AS0073 oq///%' BFS RETAIL & COMMERCIAL OPERATIONS LLC - R3236186 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 THE AEGIS GROUP LLC 1102 18TH AVE SOUTH NASHVILLE, TN 37212 2009-1883 AS0073 07/23/2009 10:39 6158432809 ' 07/23/2009 09:10 FAX 9703046433 PAGE 02/03 WELDCOUNT'YASSESSOR 141002/003 2009 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R3236186 STIPULATION (As To Tax Year 2009 Actual Value) RE PETITION OF: NAME: BFS RETAIL & COMMERCIAL OPERATIONS LLC CIO BRIDGESTONE AMERICAS HOLDING INC 535 MARRIOTT DR 9TH FL No. 110701 NASHVILLE TN. 37214 Petitioner(s), BFS RETAIL & COMMERCIAL OPERATIONS 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: GR 5255 S133FT L5BLK83 SITUS: 1130 8 AV OF2EELEY 80631 2. The subject property is classified as Commercial property 3. The County Assessor originally assigned the following actual value 4o the subject property for 2009. LAND: $53 200 IMPROVEMENTS: $364,040 TOTAL: $417240 4* 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. LAND: $53.200 IMPROVEMENTS: $311.885 TOTAL: $36;5.085 .gyp 2009-1883 07/23/2009 10:39 6158432B08 • 07/23/2009 09:10 FA3 9703046433 wEL,DCOUNTYASSESSOR PAGE 03/03 i003/003 5. The valuations, as established above, shall be binding only with respect to tax year 2009. 6. Brief narrative as to why the reduction was made: Value was adjusted based upon the general market prices per sq. ft. that were in place in the base period, additionally the income was considered as backup for the market. 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on 7/30/2009 at 11:00 AM be vacated. DATED this 23 day of July, 2009. Petition (s) rney Petitioner(s) or Attorney Address: Address: 1/ OA / Es#1 Asir Soul. NA sik °Ctla_ t'tt. 37 ids 33ata. Telephone; 61.5 -110 - a -$OS Telephone: County Assessor, ADDRESS: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 07/23/2009 10:39 6158432808 07/23/2009 09:09 FAX 9703046433 WELDCOUNTYASSESSOR SE S SOR PAGE 01/03 0001/003 FAX TRANSMISSION weld county office of the board Fa 9703046433 Phone: 970.353.3845, e:d.3676 To: /./e44.),) 5-..frwyta Fn: Phone: Date: July 23, 2009 Pages: From: C1wck 3/u -k l >O z Subject: 6 -Fs aerha.r-1 ( Fan s) COMMENTS: O c,o+h ) RI -bathe 4/1-410J abo.�- Or' 7/23 Cc $ senti1rr3 aFS 6�iri,1 , t13) 8-""F C G� )Co PI PASQ_ cis N as-) a S back - (F ta our o, a AS Seay-+ a5 �sibit . rtkaP)Crs �r yew- hslp ch 6Je 110.1V:Z This facsimile is -intended onlytor the ustof the individual or entity to tivhighit is addressed and may contain information that is privileged, confidential. and eggaipt fromdisa4osure under applicable law. If the reader of this facsimile is not the intended recipient nor the employee or agent responsible for delivering the facsimile to the intended recipient, you are hereby notified that any dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediatelyby telephone and return the original message to us at the above address via the U.S. Postal Service. Thank you. 41/ 07/13/2009 08:47 6150432000 PAGE 02/10 AEGIS. PROPERTY TAX SPECIALISTS weld County Assessor ATTN: Board of Equalization 1400 North 17th Avenue Greenley, CO 80631 July 13, 2009 RE: R3236186 1130 Eight Avenue Greenley, CO 80632 Dear Board, EL. Please be -advised that we are formally requesting.a hearing date with the board of equalization in Weld County, CO. We would like to discuss the details'of the property and how the county came to the present valuation of the subject property. We are located in Nashville; TN and would greatly appreciate if we could perform our hearing on the telephone or via web. If this request is not possible, we would respectfully request if our information could represent us at the board hearing. The most noticeable issues with the subject property would be the depreciation used and the total amount of square footage of the subject. Attached you will find a Marshall & Swift definition page that outlines how a cost manual would view this type of location and in that report it shows a building of this class and age would be completely depreciated by now. We understand the property is still open and there is some contributory value to the building, but we would appreciate it if you could adjust the location to a depreciation scale more fitting this location. 1 102 I8th Avenue South Nashville. Tennessee 37212 Telephone 615-843-2805 Facsimile 615-843-2508 w w w. atsi 5 tax.corn A dfvin'on of The AEGIS CrarrAr I,LC 07/13/2009 08:47 6158432808 PAGE 03/10 Secondly, the square footage of this location would be considered overkill for an automotive garage as a current new build would only be at a maximum of 6,600 square feet, leaving 3,800 square feet. This issue is much like&a smaller home vs. a larger home in price persquare feet to build. We.. would like to confirm that a base rate is used that represents the subject property correctly and views the extra square feet as excess square footage. Thank you for you attention and for your time. Heath Senior Tax Consultant/ Authorized Agent for Bridgestone/Firestone Enclosures: Letter to informal (2 Pages) Authorization Definitions Page from Marshall & Swift (2 Pages) Marshall & Swift Cost Approach 07/13/2009 08:47 6158432808 PAGE 04/10 AEGIS PROPERTY TAX SPECIALISTS Weld County Assessor Attn: Commercial Assessor May 6, 2009 Dear Assessor, I would greatly appreciate the opportunity to discuss this property with you. You may contact me at your earliest convenience. Below is a location with a brief description including address, parcel, age, square footage,proposed assessed value and the value indicated by the Marshall & Swift depreciated cost estimate. We have utilized the value of the land set forth by your office and ran a depreciated cost on the building using What we believe -to be the approximate remaining economic life of the location. I look forward to speaking with you and hearing your thoughts on this matter. Enclosures: Authorization Marshall & Swift Depreciated Cost Estimate Maishall & Swift Definitions for Auto Garage 1 102 18th Avenue South Nashville. Tennessee 372 12 Telephone 6 1 5-843-2.805 Facsimile 61 5.843-2808 www.aegistax.com A division of riu ASCI$ Group, MG 07/13/2009 08:47 6158432809 PAGE 05/10 Location 1; Address: 1130 Eight Avenue Parcel ID. 123236186. Current Assessed Value Our Opinion of Assessed Value $417,240 $204,000 Description of the Property This property is a 40 year old one-story automotive center with 10,452 Square Feet. Reason for the Anneal • The attached Marshall & Swift depreciated cost approach indicates the value of the property to be $204,000. • Marshall & Swift Valuation Service shows that a typical automotive center has a total economic life of 40 years. 07/13/2009 08:47 6158432808 PAGE 06/10 LETTER OF AUTHORIZATION TO WHOM IT MAY CONCERN: BFS Retail & Commercial Operations, LLC (BFRC) hereby appoints The Aegis Group, LLC as its authorized property tax agent for Ad Valorem tax matters. This agency includes filing returns, reviewing assessment records, discussing/appealing values with tax offices/assessment officials, meetings with appeal (review) boards, and obtaining tax statements. This authorization shall remain in effect until written termination is delivered. BY: J.D, Christensen TITLE: Manager of Property Toy DATE: /— 26-0 7 07/13/2009 08:47 6158432808 PAGE 07/10 410 Automotive Center These buildings are designed for both sales and service with display rooms, office, storage and repair space commensurate with the quality. The better qualities are a combination retail store (with storefronts and finish) and garage. Average quality contains sales area of between 20 and 30 percent of the total floor area. The lighting in the sales area is similar to store lighting both in quantity and types of fixtures with industrial fluorescent fixtures in the service areas. Plumbing is adequate to service the personnel. The following are not Included in the costs: Hoists and service equipment Availability of Elevators by Area for this occupancy: No Marshall Valuation Service sections: 14 and 44. Occupancy Availability: Commercial Estimator only. Typical Lives Rank Low Average Good Excellent A B C - 35 40 — 45 - 45 Rank Selection Guide Class C (Masonry Bearing Walls' Rank Low Exterior Walls Block, simple storefront 15% - 25% finished sales area D 30 35 40 40 Class H M P 30 35 40 40 S W 30 35 40 40 — Interior Finish Mechanicals Minimum store finish in sales, garage finish in balance Average Block, typical storefront, Store finish in sales, 20% - 30% sales area garage finish in balance Good Brick, block, good front, Good store finish in 30% or more sales area sales, good garage finish in balance Class D (Wood or Steel Framed Exterior Walls' Rank Average Exterior Walls Siding, storefront, 20% - 30% finished sales area Good Siding, veneer, good storefront, 30% or more sales area Class P (Pole Frame' Rank Exterior Walls Low 15%-25%finished sales area, storefront, Interior Finish Store finish in sales, garage finish in balance Good store finish in sales, good garage finish in balance Interior Finish Minimum store finish in sales, garage finish in HVAC Minimum lighting, Space outlets and plumbing heaters fixtures Average store Space illumination and heaters restrooms Good store illumination, Space good restrooms heaters Mechanicals HVAC Average store Space illumination and heaters restrooms Good store illumination, Space good restrooms heaters Mechanicals Minimum lighting, outlets and plumbing HVAC Space heaters 07/13/2009 08:47 6158432808 PAGE 08/10 steel on wood pole frame balance Class S (Metal Frame and Walls) Rank Low Average Exterior Walls Single wall, simple storefront, 15% - 25% finished sales area 20% - 30% sales area, storefront, some trim, sandwich panels Interior Finish Minimum store finish in sales, garage finish in balance Store finish in sales, garage finish in balance fixtures Mechanicals Minimum lighting, outlets and plumbing fixtures Average store illumination and restrooms HVAC Space heaters Space heaters 07/13/2009 08:47 5158432808 5/6/2009 Summary Report PAGE 09/10 Page: 1 Estimate Number Estimate TD Property Owner Property Address Property City State/Province ZIP/Postal Code Section 1 Occupancy 100% Automotive Center Total Area Number of Stories (Section) Shape Components Land and Site: Land HVAC (Heating): Package Unit Land and Site: Site Improvements Exterior Walls: Concrete Block Cost as of 06/2008 Basic Structure Base Cost Exterior Walls Heating & Cooling Basic Structure Cost Extras Sitc Improvements - Depreciated Replacement Cost New Less Depreciation Physical & Functional Depreciated Cost Miscellaneous Land Total Cost Rounded to Nearest 1739 110701 BPS Retail & Commercial 1130 Eight Avenue Greenley CO 80632 Class Height Rank Masonry bearing walls 16.00 2.0 : 10,452 : 1.00 : 2.00 Units/% 10,452 10,452 2,613 10,452 10,452 79.0% 10,452 10,452 1,000 Units/% Other 53,200 25% 15,000 100% Cost Total 52.73 11.37 12.11 67.13 551,134 118,839 31,643 701,616 15,000 68.56 716,616 566,127 14.40 150,489 53,200 19.49 203,689 204,000 Cost Data by Marshall & Swift 07/13/2009 08:47 5158432808 sutra% Mato luaoaang PAGE 10/10 Page: 1 Estimate Number : 1739 Estimate Number Building Name Property Owner Property Address Property City State/Province ZIP/Postal Code Estimate ID County State Parcel Identification # Surveyed By Survey Date Rounding Value ($) Report Date (tam/yyyy) Apply depreciation % to Replacement Cost New Section 1 Occupancy 410 Automotive Center Total Area Number of Stories (Section) Shape Effective Age (years) Typical Life (years) Base Date Adjustment Depreciation Type Components Land and Site: 61 Land HVAC (Heating): 611 Package Unit Land and Site: 62 Site Improvements Exterior Walls: 812 Concrete Block : 1739 Eight Avenue BPS Retail & Commercial : 1130 Eight Avenue : Greenley :CO 80632 : 110701 Weld :CO :096108202004 N- Stuard 05/05/2009 : 1000 : 06/2008 :Yes "/o Class Heleht Rank 100 C 16 2 10452 :1 :2 : 40 : Marshall & Swift Tables : 06/2008 :1 Marshall & Swift Tables Units/% Ran blnr % Other 53200 25 15000 100 Cost Data by Marshall & Swift 07/13/2009 08:47 6158432808 PAGE 01/10 Heath Stuard 1102 180% Avenue South Nashville, TN 37212 615-843-2805 615-843-2808 Hstuard@aegistax.com Fax To: /�U�IIX 4,1 6c,t Fax: ( 97o 6C! Phone: 97v ^ 35 3 6 `+c Re: The Aegis Group, LLC From: Pages: Date: CC: Heath Stuard /D 7— /3 -0 Ei /rrgent Review ❑ Phase Comment l2?fease Reply ❑tse Recycle 8E, Here is the information your office requested. If anything else is required please let me know at your earliest convenience. Best Regards, s r ho fry 6104 4-n 1/4111 -AA)" $aA IIIIIDe COLORADO July 20, 2009 BFS RETAIL & COMMERCIAL OPERATIONS LLC C/O BRIDGESTONE AMERICAS HOLDING INC 535 MARRIOTT DR 9TH FL No. 110701 NASHVILLE, TN 37214 CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 096108202004 Account No.: R3236186 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 30, 2009, at or about the hour of 11:00 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Centennial Center, First Floor Hearing Room, 915 10th Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2009, and mailed to you on or before August 12, 2009. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you have questions, call (970) 353-3845. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. BFS RETAIL & COMMERCIAL OPERATIONS LLC - R3236186 Page 2 Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor THE AEGIS GROUP LLC 1102 18TH AVE SOUTH NASHVILLE, TN 37212 Hello