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Home My WebLink About20091965.tiff:tri flgc. COLORADO September 3, 2009 NORTH COLORADO MEDICAL CENTER FOUNDATION 1801 16 ST GREELEY, CO 80631 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#: R0270793 PARCEL#: 095912334009 - GR WH1- 1 L1-2 BLK1 WEBHAN SUB 1610 29 AVPL 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 $812,001 $690,200 2009-1965 AS0073 P i 04, A. 6-emt NORTH COLORADO MEDICAL CENTER FOUNDATION - R0270793 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 2009-1965 AS0073 JUL-16-2029 02:13P FROM: U1111J/ZUUU 14:413 'IAA U/U4U4C444 9703506723 MCLUUUUN1IAdDCSJU!( TO:93046433 P.2 yy MUL'UUO 2009 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R0270793 STIPULATION (As To Tax Year 2009 Actual Value) RE PETITION OF: NAME: NORTH COLORADO MEDICAL CENTER FOUNDATION 1801 16 ST GREELEY CO 80831 Mtt CD O- LO _O Petitleoner(s), NORTH COLORADO MEDICAL CENTER FOUNDATION and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 2009 valuation of the subject property, end jointly move that the Board of Equalization to enter its order based on this Stipulation. Petitioners) and the Assessor agree and stipulate as follows: 1. The property subject to this Stipulation Is described as: OR WH1-1 L1-2 BLK1 WEBHAN SUB 1610 29 AVPL GREELEY 80631 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: $70.5§$ IMPROVEMENTS: $741615 TOTAL: $012:000 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. LAND: $70.585 IMPROVEMENTS: $6$9:61$ TOTAL: $690200 2009-1965 JUL-16-2009 02:14P FROM: 9703506723 OGIAII.UUR l lAAJRJJUK TO:93046433 P.3 1&UUJ/UUJ 5. The valuations, as established above, shall be binding only with respect to tax year 2009. 8. Brief narrative as to why the reduction was made: Value was adjusted based upon the general market prices per sq. ft. that ware 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 4:30 PM be vacated. DATED this 18 day of July, 2009. fey Aknc 4,414 rj,, ti' fer(s) or Attorney " Petitioner(s) or Attorney Address: Address: lid la, SI CAS, co POI Telephone: ..7C110- /Pa County Assessor: ADDRESS: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3858 Telephone: JUL-16-2009 02:13P FROM: 9703506723 TO:93046433 P.1 WELDUOUN[YASSSSSOK 140001/003 I Uf/,1.0fZUU 10:40 PAA UFU4U40433 FAX TRANSMISSION WELD COUNTY ASSESSOR'S OFFICE Fax: 970-304-6433 Phone: 970-353-3845, Ext. 3695 )4,r�� Tom Smaud Fa:: 970 350-6723 Phone: 970 350-6772 T, : Stan Jantz SubJticb Stipulations on account R0270793 Date: July 16, 2009 Pages: 3 COMMENTS: If you have questions, please call 970 353-3845 ext 3695 or send email to kiao2z141co.weld.co.vg fONFIIDRN'FTAT, This Rscsimilp is intended only for the use of tic individual or entity to which it is addressed an4 pray contain information that y priyilegej‘conlidential: and exempt rgm disclos}rre Under applicable law, lithe reader of this facsimile is not the intended recipient nor the employee or agent responsible for delivering the thcsfmlle 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 immediately by telephone and return the original message to us at the above address via the U.S. Postal Service. Thank you. REAL AND PERSONAL PROPERTY NOTICE OF DETERMINATION Christopher M. Woodruff WELD Assessor 1400 N 17th Ave GREELEY, CO 80631 RECEI' 3 1 1 1LN,i , (I 2Oi"; Date of Notice: 6/24/2009 Telephone: (970) 353-3845,L Fax: (970) 304-6433 ML f ULliffjdai01 Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R0270793 2009 0600 GR WH1-1 L1-2 BLK1 WEBHAN SUB 1610 29 AVPL GREELEY 80631 16109 AVPL GREELEY, GREO LELEEY,Y, COC80631 PROPERTY OWNER NORTH COLORADO MEDICAL CENTER FOUNDATION 1801 16 ST GREELEY, CO 80631 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW EXEMPT PROPERTIES COMMERCIAL 406,002 405,999 406,002 405,999 TOTAL $812,001 $812,001 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. 15-DPT-AR PR 207-08/08 NOD #: 2221 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10`" 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 9°' 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.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 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.) $;S01fedO 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, tc.) LAcrl/yr App"aC=cC f,A,a[� ch ctC-1 01 r4,11-1Ptet/!J, r 4/II Afir U.1 cl 4 ' cr/I 0' 2JV</ SQ/tl ATTESTATION _ I, the undersigned owner or agent' of the property identified above, affirm that the statements c ain d herei and on any attachments hereto are true and complete. 7 ��}Nf r o.-2So-177) -rl-C/g r Sigl(ature ► Telephone Number 1 Attach letter of authorization signed by property owner. Date f C: C f+; rn ---1 1W1 -,AR PR e93-088 W NOD N:2221 0 Property: 1610 29th Avenue Place Greeley, CO Date: May 27, 2009 Schedule Number R0270793 I. COSTS. NFP - 1st Steps NFP - Family Connects Hope Family Services Health Psychology Assoc. First Professional Services Common Area A. Land 8 Building B. Improvements SO. FT. $/SO. FT. TOTAL 1,258 100.00 125.800 1 887 100.00 188700 3,145 314,500 900 100.00 90,000 1,534 100.00 153,400 L345 100.00 1500 3.779 100.00 377,900 1 196 100.00 119600 8,120 100.00 812,001 TOTAL COSTS 812,001 II. INCOME'. Rent III. EXPENSES'. Vacancy Management Fee Insurance Taxes Utilities Trash Landscape / Snow Janitorial/Cleaning Maintenance TOTAL EXPENSES Hope Family Services Health Psychology Assoc. First Professional Services SO. FT. ANNUAL 5/SQ FT. TOTAL 900 700 6,300 525 1,534 9.02 13,841 1,153 1845 9.00 1208 1,009 3,779 32,249 2.687 45 42% TOTAL NOT -FOR-PROFIT 1.612 2,700 1,226 7,842 3,562 8,208 20,606 9,360 1,021 464 3,496 1,588 4,057 1,843 16,816 7,638 66,359 25,681 54.58% RATE COMMERCIAL 5% 1,612 1,474 4,280 8,208 11,247 557 1,908 2,214 9,178 40.678 NET OPERATING INCOME (8,430) LOAN AMOUNT Balance ANNUAL DEBT SERVICE ANNUAL NET INCOME IV. SUMMARY Debt Coverage Ratio N O.I. Debt Service 0 (8,430) (702) #DIV/0! (8,430) 0 Annual Cash Flow (8,430) Total Costs 812,001 Total Face of Loan 0 Total Loan Principal Paid Assumption & Closing 0 Down Payment 812,001 Cash on Cash Retum -1.04% Actual Cap. Rate Value at a Cap. Rate of 8.5% (99,173) -1.04 Loan to value 0 00 Conclusion' Based on the actual rental and expenses for this properly the commercial portion is showing a loss of $8,000. We estimate the 2009 value for the total property at $350,000. The Commercial portion of the property based on the rent received and the current market would be approximately 50% of the value or $175000. Thank you for considering this Real Property Valuation Appeal. Schedule Number R0270793 co N O Co J4 D Z Q = W J I••• Q N a) a) 0 al cn (0 J o I > LL a co C O) E a) > O aca E _ (n C- I- I- I- I- CO OD O 000000 O 0 0 0 0 0 0 N N N N N N N Nr N r M 0 N N N W r (O (O 00 0 0 0 0 00 00 O O (n 0 0 0 0 6 lD (O O) 0 • O 0 O NN- I� r N N r r CO r O O O M O O (n CD CV O N V O) ( CD CO ND V (n 0) r O(OO) co op Ch r r OO r M r r M V C) M 0) 0) N- n I- O) n CO N r M (O O V r r 0 (f) W (O (O 6 CO CO (O M (f) N CO N r CO O O (O (D O I - ✓ V T- OD V (n 0 (D co" O co O • Nr r OCo CI CSi V N • Co O CO O O N V 0 CO N r 00 CO O) O O) r 0) 0 O) N O CO L1 W NOMM V (nN 0 (V c ow 0) I- 0) M M O N V CO r0) 00) 0)) CO 01 0) 0 0 0) 0) 43.39 2,086,128 0 0 0 0 0 OD 0 r l0 O (D O O 0) O 0 CM V M M V C7 U) Co CO oCD O�(C0 C) CD CO 10 r 0 CO r O O CO O o5 05 6 6 A N V N O CO (O CO M M 1� O O O (O O (D O N N 0) CD 0 CO CD 0 N 0 0 C0O O 0 N O N O0) u5 r N N OD UD 0M) CO OD CD T)CO CO CO ODD OD P.. y CO CO Ch CO CO V 0 r W 0 0 00 I- N V O) N I. N J 0) lY N iCCC CC CC CC CC CC F- 0 M N 0) M a Nj C) 4. a) 'm C O N m N > M O N 00 co N- 0) M 0) 0 O n N 0' NORTH COLORADO it ALI MEDICAL CENTER FOUNDATION July 2, 2009 Weld County Board of Equalization P.O. Box 758 Greeley, Colorado 80632 Re: Property Value Appeal —1610 29th Avenue Place, Greeley, CO 80631 Tom Smerud, North Colorado Medical Center Foundation Finance Manager, acting on behalf of the North Colorado Medical Center Foundation concerning property located at 1610 29th Avenue Place, Greeley, CO 80631- GR WHl-1 L1-2 BLK1 WEBHAN SUB, has my authorization to appeal the Weld County Assessor's determination of property value. Sincerely, John H. Smith President 1801 16th Street • Greeley, Colorado 80631 • www.ncmcfoundation.org • (970)356-9020 • Fax (970)350-6723 • Email ncmc.foundation@bannerhealth.com 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 COLORADO July 16, 2009 NORTH COLORADO MEDICAL CENTER FOUNDATION 1801 16 ST GREELEY, CO 80631 Parcel No.: 095912334009 Account No.: R0270793 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 30, 2009, at or about the hour of 4:30 PM, 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. NORTH COLORADO MEDICAL CENTER FOUNDATION - R0270793 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 c Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor Hello