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Home My WebLink About20091993.tifftit Gzir Mae COLORADO September 9, 2009 S G TRUST 6845 W PRINCETON ST DENVER, CO 80601 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#: R6295986 PARCEL#: 147131004009 - BRI BIP1- 9 L9 BLK1 BRIGHTON INDUSTRIAL PARK LIMITED SITUS: 726 BASELINE PL BRIGHTON 80601 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 $823,200 $754,600 (i(" : /95; A 6, at/ ) 2009-1993 AS0073 / s/z S G TRUST - R6295986 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 DOWNEY & MURRAY LLC 383 INVERNESS PARKWAY STE 300 ENGLEWOOD, CO 80112 2009-1993 AS0073 '467/23/2009 14:17 FAX 9703046433 WELDCOUNTYASSESSOR 81002/003 2009 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R6295986 STIPULATION (As To Tax Year 2009 Actual Value) RE PETITION OF: NAME; S G TRUST 6845 W PRINCETON ST DENVER CO 80601 Petitioner(s), S G TRUST 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: BRI BIP1-9 L9 BLK1 BRIGHTON INDUSTRIAL PARK LIMITED SITUS: 726 BASELINE PL BRIGHTON 80601 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: $19.4.813 IMPROVEMENTS: $628.387 TOTAL: $823.200 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. LAND: $194.813 IMPROVEMENTS: $559.787 TOTAL: $754,600 2009-1993 ' 07/23/2009 14:18 FAX 9703048433 WELDCOUNTYASSESSOR IJ003/003 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 generalmarket prices per sq. ft. that were in place in the base period, 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 23 day of July, 2009. m`J-i91€4, Petitioner(s) or Attorney l/ Petitioner(s) or Attorney Address: Address: eDw'&-) /I�j oLpte�1/ CCU 5 2)N1 Telephone: g63 -W3-111. County Assessor: ADDRESS: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 Telephone: 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. .:.. • `. TAX 1f(� .... . `. T�IitAREA . LEGAL DESCRIPTION/ PHYSICAL LOCATION R6295986 2009 2032 BRI BIP1-9 L9 BLK1 BRIGHTON INDUSTRIAL PARK LIMITED SITUS. 726 BASELINE PL BRIGHTON 80601 726 BASELINE PL BRIGHTON, CO 80601 et La 0 CC CC w a O ce A. S G TRUST 6845 W PRINCETON ST DENVER, CO 80601 ;y .. PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO t: REVIEW ACTUAL VALUE AFTER REVIEW COMMERCIAL 823,200 823,200 TOTAL $823,200 S823,200 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. DOWNEY & MURRAY LLC 383 INVERNESS PARKWAY SUITE 300 ENGLEWOOD CO 80112 r 15 -OPT -AR PR 207-08108 NOD #: 2634 'PEAL 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 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 9tH 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.) $ 55.a3 2co, 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 unders ained h Signature ned owner or agent' of the property identified above, affirm that the statements nd on any a achments hereto are true and complete. OO2 ")•3 Telephone Number 1 Attach letter of authorization signed by property owner. Date 16DPLAR PR 207-08/08 NOD 8: 2634 qt. DOWNEY & MURRAY ac ATTORNEYS AT LAW July 14, 2009 VIA CERTIFIED MAIL RETURN RECEIPT REQUESTED Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 Re: SG Trust 726 Baseline PL Schedule/Account Number R6295986 Dear Clerk to the Board: O. Russel Murray 303 813-1111 onn(w,downeymurray.com We represent the owner of the above referenced real property in Weld County. Enclosed is a Petition to the Board of Equalization protesting denials, or inadequate adjustments, by the Weld County Assessor. The Notice of the hearing on this matter should be directed to the undersigned. We will not be available for hearings from August 3rd through August 5th . Thank you for your cooperation in this regard. Should you have questions, please call. Further, pursuant to C.R.S.§ 39-8-107(3), Petitioner, for each protest, hereby request that the Assessor provide all data supporting the assessor's determination of actual value to the undersigned no later than two working days prior to the CBOE hearing. Very truly yours, Thomas E. Downey, Jr. TED/ss Enclosure cc: Sanders Warehouse Partnership 383 Inverness Parkway n Suite 300 0 Englewood, Colorado 80112 fax 303 813-1122 EXHIBIT "A" ATTACHMENT TO COUNTY BOARD OF EQUALIZATION PETITION OF SG TRUST, SCHEDULE/ACCOUNT NUMBER R6295986 1. The Assessor has failed to give appropriate consideration to all the requisite approaches to valuation in determining the value of the property. 2. The current year actual value assigned by the assessor does not reflect the actual value of the subject property during the 18 month period ending June 30, 2008. 3. Upon consideration of all the approaches to value, values given to comparable land and improvements and upon consideration of the requirements of Colorado law that require that assessments be uniform, just and equitable, a reduction in the current year actual value of this property is warranted. 4. The $823,200 assigned value for 2009 is excessive and should be reduced. Analysis of this property is on -going. Preliminary analysis, however, indicates that, the per square foot value of the subject is excessive. Utilizing a per square foot value of $30.00 indicates a value of approximately $411,600. W CO CO O Q 0 CO /��Q VI Z(D. H Y go, OOON •Z o, acwNo tn. cc) 0_100 p /o I- m O •. J O N Es. 0 b y o a) IQ 0000. r o O U z b O N a) 0 a) Hello