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Home My WebLink About20092249.tiffto :11Rr WIDc. COLORADO September 1, 2009 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 EASTMAN KODAK -COLORADO DIVISIO C/O GOLDWYN LING CORP TAX 343 STATE STREET ROCHESTER, NY 146500904 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R5343408 PARCEL #: 080726200015 - W2 26-6- 67 EXC BEG AT C4 COR SEC 26 S00D25'E 1320.21' TO C S 1/16 COR TH S89D40'W 138.47' TO E BACK OF CURB LN ON LITHOPLATE DR TH ALG SD CURB N24D53'E 52.19' TH ALG CURVE TO L (R=130.05) CHORD=N12D20'E 57.14' TH N0D12'W 82.36' TH ALG CURVE TO L (R=116.5 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 $31,100,478 $26,289,531 f),,{7(c 71-E ) 2009-2249 AS0073 U�/�/%a EASTMAN KODAK -COLORADO DIVISIO - R5343408 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, CL�a"L`L Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor ERNST & YOUNG LLP 370 17 ST STE 300 DENVER, CO 80202 2009-2249 AS0073 2009 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R5343408 STIPULATION (As To Tax Year 2009 Actual Value) RE PETITION OF: NAME: EASTMAN KODAK -COLORADO DIVISIO C/O GOLDWYN LING CORP TAX 343 STATE STREET ROCHESTER NY 146500904 Petitioner(s), EASTMAN KODAK -COLORADO DIVISIO 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 Petitioner(s) and the Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: W2 26-6-67 EXC BEG AT C4 COR SEC 26 S00D25'E 1320.21' TO C S 1/16 COR TH S89D40'W 138.47' TO E BACK OF CURB LN ON LITHOPLATE DR TH ALG SD CURB N24D53'E 52.19' TH ALG CURVE TO L (R=130.05) CHORD=N12D20'E 57.14' TH N0D12'W 82.36' TH ALG CURVE TO L (R=116.5 2. The subject property is classified as Industrial property 3. The County Assessor originally assigned the following actual value to the subject property for 2009. LAND: $22,634,273 IMPROVEMENTS: $8,466,205 TOTAL: $31,100,478 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. R5343406 W2 26-6-67 EXC BEG AT C4 COR SEC 26 S00025E 1320 2V TO C S 1/16 COR TM 509040W 136 4T TOE BACK 2009-2249 s Stipulation. LAND: $17,823,326 IMPROVEMENTS: $8,466,205 TOTAL: $26,289,531 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 8/3/2009 at 4:30 PM be vacated. DATED this 31 day of July, 2009. er(s) or Attorney Address: WErTE- T• I AToui-i,9-,J `m Petitioner(s) or Attorney Address: `?bberl' s/u�-4 33x1 310 17th cf' Uenvev c(7 t07av Telephone: 2 -1)6l41 --57S9 Telephone: 7 93/-1/3/YY County Assessor: (a ADDRESS: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 R5343408 W2 26-6-67 EXC BEG AT 04 COR SEC 26 S00O25'E 132031 TO C S 1/16 COR TH O89O40W 138.4' TOE BACK • Eastman Kodak R5343408 2009 Value Allocation 249.1 Acres Industrial @ $53,143 per sq ft. = 173.8 Acres Excess Industrial Land @ 26,000 per acre = 184.2 Agricultural Land Industrial Improvements 2009 Adjusted Value $13,237,921 $4,518,800 $66,605 $8,466,205 $26,289,531 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, R5343408 TAX YEAR 2009 0429 EASTMAN KODAK -COLORADO DIVISIO C/O GOLDWYN LING CORP TAX 343 STATE STREET ROCHESTER, NY 146500904 a C a. EGAL'DESCRIPTIONI SICAL LOCATION W2 26-6-67 EXC BEG AT C4 COR SEC 26 S00D25'E 1320.21' TO C S 1/16 COR TH S89D40'W 138.47' TOE BACK OF CURB LN ON LITHOPLATE DR TH ALG SD CURB N24D53'E 52.19' TH ALG CURVE TO L (R=130.05) CHORD=N12D20'E 57.14' TH N0D12'W 82.36' TH ALG CURVE TO L (R=116.5 2000 HOWARD SMITH AV WELD, CO 80550 OPERTY CLASSIFICATION R'S VALUATIol UAL VALUE AFTER REVIEW AG BUILDINGS COMMERCIAL INDUSTRIAL AG LAND 10,517 134,085 30,889,271 66,605 10,517 134,085 30,889,271 66,605 TOTAL $31,100,478 $31,100,478 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 concemed 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. N CJ Please refer to the reverse side of this notice for additional informatio ti ERNST & YOUNG LLP 370 17 ST SUITE 300 DENVER CO 80202 cc r J -n .r- ry 15 -DPI -AR PR 207-08/08 NOD It 1833 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 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 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.) $18,000,000 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.) The market value of the property is lower than the county's actual value of the property. We are currently providing supporting information to the Weld County Assessor and will provide it to the Board prior to the hearing. I, the undersigned owner or agent' of the property identified above, affirm that the statements cont ' ed hereriinn and on any attachments hereto are true and complete. rf rl� 7Zv 93/-"1,410 Signature Telephone Number Date Attach letter of authorization signed by property owner. 15 -DPI -AR PR 207-08/08 NOD R. 1833 Oct -31-2007 02:30om From- T-860 P.002/002 F-182 August 3, 2007 GENERAL APPOINTMENT OF AGENCY I have authorized Ernst & Young to represent Eastman Kodak Company and all related subsidiaries for all property tax matters. Ernst & Young has the general power to represent us in receiving notices of value, filing of returns, obtaining copies of appraisals, tax assessments, or any other information relevant to property tax matters. Ernst & Young is also authorized to negotiate and accept any settlement reached with all assessment and appraisal authorities to Including boards of equalization, appraisal review boards, state tax couunissions, or other entities exercising authorities or review of properly tax assessments, abatements, exemptions or any matter upon which it has administrative j This appointment of agency remains in effect for tax year(s) 2007 thru 2009 or until revoked in writing by Eastman Kodak Company or Ernst & Young. Tafectoc 44-tn►c Availc 4 f ianeitt- printed name and title Eastman Kodak Company 343 State Street Rochester, New York 14650 mailing address ^� t0" - date 665-lit-5bo1 telephone signed (Ernst & Young) Ernst & Young LLP Property Tax Services P. O. Box 68964 Indianapolis, IN 46268 mailing address 317/280-3400 telephone 317/280-6102 fax number 01 CO CD CO • C k• §\ \�� S 4987 8660 0430 3855 ito Elk COLORADO July 23, 2009 EASTMAN KODAK -COLORADO DIVISIO C/O GOLDWYN LING CORP TAX 343 STATE STREET ROCHESTER, NY 146500904 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.: 080726200015 Account No.: R5343408 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 3, 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. EASTMAN KODAK -COLORADO DIVISIO - R5343408 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 Ernst and Young LLP 370 17 Street Suite 300 Denver, Colorado 80202 Hello