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Home My WebLink About20092187.tiff4r.„ Wilk COLORADO August 21, 2009 MANELIS JAMES J & 4715 E MARIPOSA STREET PHOENIX, AZ 85018 CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 105908103002 Account No.: R1032896 Dear Petitioner(s): Based upon information furnished to the Weld County Board of Equalization, we understand that you have withdrawn the petition challenging the valuation of the above PIN number. Please be informed that a withdrawn petition precludes any further challenge to the valuation of the above PIN number for this assessment period. Therefore, the Board of Equalization took no action on your petition and the assessed value remains as set by the Assessor. Very truly yours, BOARD OF EQUALIZATION v4, Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor DOWNEY AND MURRAY LLC 383 INVERNESS PARKWAY STE 300 ENGLEWOOD, CO 80112 2009-2187 AS0073 ('O'. f\c";, c\ -A, Pt- 7 (i_o-roz) COMMERCIAL 1,000,000 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 R1032896 iYE 2009 0567 rc w a MANELIS JAMES J & 4715 E MARIPOSA STREET PHOENIX, AZ 85018 AL'DESCRIPTION/ SICAL LOCATION JOH 1JCC-2 L2 AMD JOHNSTOWN CENTER 1ST COMMERCIAL ADD SITUS: 121 CASTLE PINES AV JOHNSTOWN 80534 121 CASTLE PINES AV JOHNSTOWN, CO 80534 VALUATION ACTUAL VALUE AFTER REVIEW 1,000,000 $1,000,000 $1,000,000 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 years 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 2009-2187 N 'TS-DPT-AR PR 207-08/08 NOD #: 2106 APPEAL PROCEDURES 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) 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 r al property pursuant to § 39-8-106(1.5), C.R.S.) $s1t2' og2- What is the basis for your estimate of value oryour 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.) 2S € A-TTr1 I ATTESTATION J I, the undersigned owner or agent' of the property identified above, affirm that the statements cgnlaned herein and on any attachments hereto are true and complete. )-a. ‘.,-.1 cib`Sl .503 -all 3-/1/ / -1 ll1-/6g ignature Telephone Number Date 1 Attach letter of authorization signed by property owner. 15-DPT AR PR 207.08/08 NOD U. 2106 DOWNEY & MURRAY LLc ATTORNEYS AT LAW July 14, 2009 VIA CERTIFIED MAIL RETURN RECEIPT REQUESTED Weld County Board of Equalization 915 10`h Street, P.O. Box 758 Greeley, CO 80632 Re: 121 Castle Pines Ave Schedule/Parcel Number: 105908103002 Dear Clerk to the Board: Thomas E. Downey, Jr. 303 813-1111 ted(d 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. I am not available for hearings on August 3rd through the 56. 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, TED/ss Enclosure cc: McIntosh & Associates Thomas E. Downey, Jr. 383 Inverness Parkway ❑ Suite 300 0 Englewood, Colorado 80112 0 fax 303 813-1122 EXHIBIT "A" ATTACHMENT TO COUNTY BOARD OF EQUALIZATION PETITION OF Manelis James J & — SCHEDULE NO./PARCEL NO. 105908103002 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 attached analysis of McIntosh & Associates indicates that the value should be reduced to $840,092. McIntosh & Associates, LLC (.,,�,,,i��,;. 121 Castle Pines Ave County: Parcel: Weld 105908103002 Bldg Area 6,681 Income Approach Potential Gross Income Vacancy & Collection Loss Effective Gross Income Operating Expenses Net Operating Income Capitalization Rate Indicated Value FMV Assessment Assessment Assessment Ratio per SF $ 102,496 $ 15.34 $ (5,125) 5.0% $ 97,371 $ (13,362) $ 2.00 Management Fees and other Operating Expenses $ 84,009 10.00% (Includes real estate taxes) $ 840,092 $ 126 $ 1,000,000 $ 150 $ 290,000 29% Notes: Overall postal service revenues are declining due to changes in technologies. The Postal Service is currently reviewing consolidation opportunities, which may affect their space needs around the country. This property is currently being reviewed. o o ¢ U N Z'c- - 000N -Z .y QWONO o CO•dIOJ £ fag � Z¢ ... J M Co CO ► i I rm r. N C v) v ti 08 7,3 a o 4. 0001 4909 6106 Esther Gesick From: Sent: To: Cc: Subject: That helps...Thanks! Esther E. Gesick Deputy Clerk to the Board Weld County, Colorado 915 10th Street Greeley, CO 80631 (970)356-4000 X4226 (970)352-0242 (fax) Esther Gesick Thursday, July 23, 2009 4:21 PM Courtney Anaya Esther Gesick RE: Post Offices From: Courtney Anaya Sent: Thursday, July 23, 2009 3:20 PM To: Esther Gesick; Wade Melies Subject: RE: Post Offices Hi Esther, If you read the below emails, you'll see where he is withdrawing account # R1032896 "Having reviewed your income approach with respect to the Johnstown post office at 121 Castle Pines, I am withdrawing that appeal. Please consider this message as a formal withdrawal of the Johnston CBOE petition." Tom Thomas E. Downey, Jr. Downey & Murray LLC Hope that makes sense! Courtney From: Esther Gesick Sent: Thursday, July 23, 2009 3:03 PM To: Courtney Anaya; Wade Melies Subject: FW: Post Offices Hi Courtney and Wade, I just want to confirm we're dealing with two separate things in the e-mail you sent. The attached stipulation is for R0013292 — Mc Milian, and I've printed a copy, so you don't need to send over another one. Nobody has called or e -mailed regarding a withdraw for R1032896 — Manelis, so for now that still needs to be scheduled. Thanks! Esther E. Gesick Deputy Clerk to the Board Weld County, Colorado 915 10th Street Greeley, CO 80631 (970)356-4000 X4226 (970)352-0242 (fax) From: Wade Melies Sent: Thursday, July 23, 2009 1:22 PM To: Courtney Anaya; Esther Gesick Subject: Post Offices This a withdrawal for R1032896. Wade Commercial Appraiser Weld County Assessor's Office 970-353-3845 ext 3672 wmeliesco.weld.co.us This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. From: Tom Downey [mailto:ted@downeymurray.com] Sent: Thursday, July 23, 2009 12:47 PM To: Wade Melies Cc: Sue Schield; sharif@mcintoshtaxllc.com Subject: Post Offices Wade, Thanks for your time yesterday and your professional review of our CBOE matters. Attached hereto is the Stipulation for 150 Wells Street in Erie reducing the value from $547,200 to $441,365. Please forward a copy of the fully executed Stip for my file. Having reviewed your income approach with respect to the Johnstown post office at 121 Castle Pines, I am withdrawing that appeal. Please consider this message as a formal withdrawal of the Johnston CBOE petition. Tom Thomas E. Downey, Jr. Downey & Murray LLC 383 Inverness Parkway Suite 300 Englewood, CO 80112 Tele: (303)813-1111 Fax: (303)813-1122 2 The preceding e-mail message (including any attachments) contains information that may be confidential, be protected by attorney -client or other applicable privileges, or constitute non-public information. It is intended to be conveyed only to the designated recipient(s). If you are not an intended recipient of this message, please notify the sender by replying to this message and then delete it from your system. Use, dissimination, distribution, or reproductin of this message by unintended recipients is not authorized and may be unlawful. FEDERAL TAX ADVISE DISCLAIMER: We are required by U.S. Treasury Regulations to inform you that, to the extent this message includes any federal tax advice, this message is not intended or written by the sender to be used, and cannot be used for the purpose of avoiding federal tax penalties. Information from ESET NOD32 Antivirus, version of virus signature database 4270 (20090723) The message was checked by ESET NOD32 Antivirus. http://www.eset.com 3 Hello