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Home My WebLink About20082075.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2008, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: MCW-RC CO-GREELEY LLC C/O PROPERTY TAX DEPARTMENT PO BOX 790830 SAN ANTONIO, TX 78279-0830 DESCRIPTION OF PROPERTY: ACCOUNT#: R2133403 PARCEL#: 095914308008 - GR CP L8 CENTERPLACE SITUS: 4548 CENTERPLACE DR GREELEY 000000000 SITUS: 4626 CENTERPLACE DR GREELEY 000000000 SITUS: 4552 CENTERPLACE DR GREELEY 000000000 SITUS: 4530 CENTERPLACE DR GREELEY 000000000 SITUS: 4520 CENTERPLACE DR GREELEY 000000000 WHEREAS, the Board of County Commissioners of Weld County, Colorado, convened as the Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the assessment and valuation of real and personal property within Weld County, fixed and made by the County Assessor for the year 2008, and WHEREAS, said petition has been heard before the County Assessor and due Notice of Determination thereon has been given to the taxpayer(s), and WHEREAS, the taxpayer(s) presented a petition of appeal of the County Assessor's valuation for the year 2008, claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, said petitioner was not present or represented, and WHEREAS,the Board has made its findings on the evidence,testimony and remonstrances and is now fully informed. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, acting as the Weld County Board of Equalization, that the evidence presented at the hearing clearly supported the value placed upon the Petitioner's property, after review by the Weld County Assessor. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated to the Weld County Assessor by law. The assessment and valuation of the Weld County Assessor shall be, and hereby is, affirmed as follows: ACTUAL VALUE AS DETERMINED BY ASSESSOR Land $ 3,723,430 Improvements OR Personal Property 15,203,820 TOTAL $ 18,927,250 2008-2075 CC:/ £'/9, "e7" 7er/0 R 0070 Ode RE: BOE - MCW-RC CO-GREELEY LLC PAGE 2 BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options;however,said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's(CBOE's)decision to the Board of Assessment Appeals (BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of$101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals fora review of the record. (Section 39-8-108(1), C.R.S.) OR 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator,the District Court of the county in which the property is located will make the selection. 2008-2075 AS0070 RE: BOE - MCW-RC CO-GREELEY LLC PAGE 3 Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed$150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 31st day of July, A.D., 2008. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: Li", William H. Jerke, Chair Weld County Clerk to t! :� • "-&-YY t A EXCUSED �.,• ( I j� Robert D. slpro-Tem BY: / � Deputy Clerk • the Board C//A�/ William . Garcia APPROVED AS TO FORM: EXCUSED David E. Long Ild . Se/ A istant Qaunty Attorney -fr„s ugl ademach r Date of signature: 1/7/4(f) 2008-2075 AS0070 Weld County CHRISTOPHER WOODRUFF COUNTY ASSESSOR BRENDA DONES, DEPUTY ASSESSOR VALUATION REPORT OF COMMERCIAL PROPERTY FOR County Board of Equalization MCW-RC CO-GREELEY LLC PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 0959-14-3-08-008 Schedule Number: R2133403 Log Number: 655 Date: 07/31/08 Time: 11:00 Board: CBOE PREPARED BY STAN JANTZ Signature Date CBOE_COMM_010998 Page 1 v7dOF .2075 SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value as of 1/1/08 based on an appraisal date of 6/30/06. Property Rights Appraised Unencumbered fee simple interest. Location 4548 CENTERPLACE DR, GREELEY Land Area 744,686 Square Feet Zoning GRE PUD Property Type Commercial - Community Shopping Center Year Built 2003 Year Remodeled Quality Good Class Masonry Number of Stories 1 Improvement Sq. Ft. 151,418 Basement Unfinished Sq. Ft. 0 Basement Finished Sq. Ft. 0 Mezzanine: 0 Value Indications: Land 3,723,430 Cost Approach $19,311,391 Market Approach $19,700,000 Income Approach $19,259,000 Assessor's Value $18,927,250 CBOE_COMM_0109 Page LAND VALUE The comparative sales approach is the most reliable method of land valuation. Pursuant to 39-104- (10.2) (c) C. R. S., the Assessor may utilize sales from July 2001 through June of 2006 to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Weld County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developing value. The land size of the subject is 744,686 square feet. Comparable commercial land in the subject area is valued at 5.00 per square foot. Comparable Land Sales Address Sale Date Sale Price Land Size Per Sq Ft Comparable 1 Greeley Commons 06/30/04 $3,070,000 627,046 $4.90 4711 29th Street Greeley Comparable 2 Lowes 04/29/04 $2,750,000 580,443 $4.74 2400 47th Avenue Greeley Comparable 3 Wal-Mart 06/28/02 $4,835,100 928,910 $5.20 920 47th Avenue Greeley ASSESSOR'S LAND VALUE $5.00 Per S.F. X 744,686 S.F. = $3,723,430 CBOE_COMM_010998 Page 3 Subject Photos . cv 4 . -....a..- Subject Photos , • I.es— Ill -- I a 2. 17. 7001 Subject Photos a Sib_ Ross - 1. n. y 't G.1 rill" . el •• et / NIL-1 CBOE COMM 01099; Page e COST APPROACH SUMMARY The Assessor is currently using Marshall and Swift cost tables for the cost approach of commercial properties in Weld County, which has been approved by the Division of Property Taxation to be utilized by Colorado Assessors. The structure has been classified properly utilizing the Marshall and Swift Valuation service and an appropriate value assigned. A land value has likewise been established through the utilization of vacant land sales of comparable properties. Improvement Value $15,587,961.00 Land Value $3,723,430.00 TOTAL VALUE BY THE COST APPROACH $19,311,391.00 CBOE_COMM_010998 Page 5 MARKET APPROACH Real Property for the tax year 2008 must be valued utilizing data for the period one and one-half years immediately prior to July 1, 2006. If comparable valuation data is not available from such one and one-half year period to adequately determine the level of value for a class of property, pursuant• 39-1-104 (10.2)(c) C.R.S, the Assessor may utilize sales five years prior to July 1, 2006 to establish the proper value. The Assessor has appropriately considered the Market Approach to value for the property on appeal The Sales Comparison Approach was considered in developing a market value for the Subject. SalE used to establish a market value for the tax year 2008 are from January 1, 2005 through June 30, 2006. All sales have been confirmed and verified through transfer declarations as well as interviews with buyers, sellers or their representatives to the sale. All sales used are arm's length transactions, and considered to be the most comparable properties sold in relationship to the Subject property. COMPARABLE SHOPPING CENTER SALES ADDRESS Grantor/Grantee Date of Sale Price Square Price Sale Foot Per Sq Ft Centerplace Subject 4548 Centerplace Dr 151,418 125.00 Greeley 1 Greeley Commons Greeley Commons LLC/ 08/25/05 $21,000,000 138,446 151.68 4711 29th Street Greeley Shopping Center Greeley LLC 2 Elk Lakes Center Elk Lakes LLC/ 10/31/03 $16,237,600 95,766 169.55 2819 35th Avenue Gemtone Elk Lakes Etal Greeley 3 Market Square Wheeler Square Associates/ 02/27/03 $6,000,000 43,513 137.89 3820 W 10'h Street AMALFI&UMBRIA LLC Greeley MARKET CALCULATIONS SUBJECT151,418 SQ. FT. TIMES $130.00 PER SQ. FT. EQUALS $19,684,340 ROUNDED TO $19,700,000 CBOE_COMM_010'. Pag. Comparable Sales Location Map 3reitUili '4f V . -' I ( 10 ' .-7 flegria -SidO b��,,jdV �- = 34 :-1_ '4; _ --weir - nal . Afy 1 0 iii �'Greelcy Comp3 ,JL ro it7i „fi 6 Brttersv�eet ii , a greyasir � C��S� Pr„� �-}r C � Q � � do4 , etit v� S�� rQ . , ,y Aims Commumry o irad�� ti"lLtaTmar- 41‘,*si- . - Urtiar tell,MD L--4 ,_ , -, r", i , . i in ,, ., ,,,, College- Greeley �p�_(� j et � !1i ` ... rui 1P0141.1111 F15:Yvisianiri illrbC""ri I aOd 'ri1N - 1Aordort y 1 Course 7 Pinc, (a% /ryQ,�G"eeiay '- � PrM allCIglit, D . � �� Weei'Perk_ �' q v -1 . vnnn � � c 1\ �aComplila_ p Sjibiect [ u n-` Paikti--yirgjo - —j - En - L` �C17/ ( Comp2JH �i I .fit Comparable Number 1 I ,t i1 _ f1i y Ter:121 lel • ✓,24I!..1 1 - „ It EL. COMPARABLE SALE COUNTY: WELD ACCOUNT R3118504 PARCEL NUMBER: 095922149001 PRIMARY OCC: Community Shopping Center PERCENT: 100% SECONDARY OCC: PERCENT: THIRD OCC: PERCENT: ADDRESS: 4711 THRU 4759 29 ST GREELEY RECEPT NUMBER: 3321190 SALE DATE: 8/25/2005 GRANTOR: GREELEY COMMONS LLC SALE PRICE: $21,000,000 GRANTEE: GREELEY SHOPPING CENTER LLC ADJ SALE PRICE: YEAR BUILT: 2004 & 2005 CLASS: EFFECTIVE AGE: LAND/BLDG RATIO: 4.62 LAND SIZE (SF): 627,046 LAND VALUE: $2,506,304 BLDG SIZE (SF): 138,446 IMPS PRICE/SF: $ 133.58 WALL HEIGHT: SALE PRICE/SF: $ 151 .68 STORIES: 1 INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM (YRS): ZONING: POINTS PAID: QUALITY: Good COMMENTS: GREELEY COMMONS SHOPPING CENTER HAS SIX SEPARATE RETAIL BUILDINGS AND ONE BANK WITH DRIVE-UP FACILITY. IT IS ANCHORED BY BIG BOX TENANTS SUCH AS CIRCUIT CITY 21 ,236 SF, OFFICE MAX 19,848 SF, and MICHAEL'S 21 ,323 SF. APPROXIMATELY 5,073 SF VACANT AS SHELL BUILDING SPACE AT TIME OF SALE. CBOE_COMM_01 Oc Pagi Comparable Number 2 ., � BORDERS -114 arnatina l »�� [ t i �. 1,t; �r S I s /�,.. . m � 'ter ' �-�^, i, �N11 i• IC L 414 r ealar- -.rte-- ,� ' litink : ' 46r-----. 6 COMPARABLE SALE COUNTY: WELD ACCOUNT NUMBER: R8403100 PARCEL NUMBER: 095923102003 PRIMARY OCC: Community Shopping Center PERCENT: 100% SECONDARY OCC: PERCENT: THIRD OCC: PERCENT: ADDRESS: 2819 THRU 2863 35 AV GREELEY RECEPT NUMBER: 3139150 SALE DATE: 10/31/2003 GRANTOR: ELK LAKES LLC SALE PRICE: $ 16,237,600 GRANTEE: GEMTONE ELK LAKES ETAL ADJ SALE PRICE: YEAR BUILT: 2000 CLASS: S EFFECTIVE AGE: LAND/BLDG RATIO: 6.91 LAND SIZE (SF): 661 ,959 LAND VALUE: $2,647,836 BLDG SIZE (SF): 95,766 IMPS PRICE/SF: $ 141 .91 WALL HEIGHT: 20 SALE PRICE/SF: $ 169.55 STORIES: 1 INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM (YRS): ZONING: GRE PUD POINTS PAID: QUALITY: Average COMMENTS: ELK LAKES SHOPPING CENTER IS LOCATED ON SIX SEPARATE PARCELS, WITH SIX SEPARATE MULTI-TENANT RETAIL BUILDINGS. BUYER HAS 53% INTEREST IN OUTLOT -D & OUTLOT-J. HOME DEPOT OWNS ITS LAND AND BUILDING AND IS NOT PART OF SALE, WOL R8403000, R8403200, R8403300, R840,3500, R8403800 CBOE_COMM_010! Pag Comparable Number 3 Bldg a2 Community Shopping Center 3820 10th Street Bt 1987 Class C Package-air 15'wh 232210 sq 11 811 200' 1807 40 01 81 82 83 84 65 86 B7 88 89 i B10 � 536' ;' 'a i. 811 612 8131120' A j 1 • t' • - J 7yiP ��►..A� �_ — - — canny 335505G A. 120- ---- \ 11 5 11.5 130' 'tar _ � S.lz��- 1 p 1250,— to 0.1 �-jli 't• loth Sheol — xlr t.AQH rvwhfo.s" COMPARABLE SALE COUNTY: WELD ACCOUNT R0034592 PARCEL NUMBER: 09591 1124019 PRIMARY OCC: Community Shopping Center PERCENT: 100% SECONDARY OCC: PERCENT: THIRD OCC: PERCENT: ADDRESS: 3820 W 10 ST GREELEY RECEPT NUMBER: 3039949 SALE DATE: 2/27/2003 GRANTOR: WHEELER SQUARE ASSOCIATES INC SALE PRICE: $6,000,000 GRANTEE: AMALFI LLC & UMBRIA LLC ADJ SALE PRICE: YEAR BUILT: 1987 CLASS: C EFFECTIVE AGE: LAND/BLDG RATIO: 5.20 LAND SIZE (SF): 236,561 LAND VALUE: $ 1 ,007,536 BLDG SIZE (SF): 43,513 IMPS PRICE/SF: $ 114.73 WALL HEIGHT: 15 SALE PRICE/SF: $ 137.89 STORIES: 1 INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM (YRS): ZONING: GRE CH POINTS PAID: QUALITY: Good COMMENTS: MARKET SQUARE SHOPPING CENTER HAS THREE SEPARATE RETAIL BUILDINGS (38,343 SF) AND A FREE STANDING CHILI'S RESTAURANT WITH 5, 170 SF, ADDITIONAL UNDEVELOPED VACANT LAND IN REAR CENTER, WOL R0034492 CBOE_COMM_011 Pag( INCOME APPROACH Actual Lease Rates On Subject Property Name Square Feet Rent Rate NNN Gross Income Dazbog Coffee 1,626 23.95 38,944.80 Abo's Pizza 1,663 21.50 35,754.48 Mail N Copy 1,400 19.00 26,600.04 Cold Stone Creamery 1,399 22.50 31,477.56 Qdoba Mexican Grill 2,738 22.00 60,236.04 Allure Body Spa 1,357 21.00 28,497.00 Cost Cutters 1,488 22.18 33,007.56 Nu-Way Cleaners 1,313 21.50 28,229.52 Subway 1,803 24.43 44,051.04 Centerplace Liquors 4,747 21.00 99,687.00 Safeway 58,374 10.26 599,112.00 Washington Mutual 3,521 22.75 80,102.76 Blockbuster Video 4,699 16.50 77,533.56 Check 'N Go 1,637 22.00 36,014.04 Great Clips 1,300 21.75 28,275.00 The Nail Spa 1,278 20.25 25,879.56 Kandid ICreations 1,584 22.00 34,848.00 A Country Touch 3,189 20.00 63,780.00 Payless Shoes 2,967 20.00 59,340.00 Ross Dress For Less 30,089 10.00 300,890.04 Famous Footwear 10,212 14.50 148,074.00 Gamestop 1,432 22.29 31,919.28 Puttin' On The Wax 1,520 21.50 32,679.96 Sally Beauty Supply 1,520 20.25 30,780.00 T-Mobile 2,218 21.50 47,687.04 Vacant 3,500 20.00 Est. 70,000.00 TOTAL INCOME $2,093,400.28 CBOE_COMM_0109 Page Shopping Center Lease Comparables Address Start Date End date Square Feet Rate NNN #1 Circuit City 2004 21,095 $12.50 4727 29th Street Greeley #2 Buffalo Wild Wings 2004 5,560 $22.00 4727 291h Street Greeley #3 Petco 2004 15,340 $13.25 4727 29th Street Greeley #4 Checkers Auto Parts 2006 6,300 $17.00 4727 29th Street Greeley CAPITALIZATION RATE After considering the Band of Investment method and the Market Comparison method, it has been determined that the Capitalization rate to be used for a June 30, 2006 appraisal date should be 9 Percent. The summer 2006 issue of Integra Realty Resources was also consulted. CBOE_COMM_0 10998 Page 12 INCOME CAPITALIZATION Potential Gross Income (Actual Income) 2,093,400 Less 10% Vacancy & Collection Loss - 209,340 Effective Gross Income 1,884,060 Less 5% Management - 94,203 Less 3% Reserves - 56,522 Net Operating Income 1,733,335 Capitalization Rate 9% Income Value 19,259,278 Rounded To $19,259,000 CEOE_COMM_010998 Page 13 FINAL RECONCILIATION COST APPROACH MARKET APPROACH INCOME APPROACH $19,311,391 $19,700,000 $19,259,000 ASSESSOR'S VALUE $18,927,250 CBOE_COMM_010≤ Page NOTICE OF DETERMINATION NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR //rd 1400 NORTH I7th AVE. V a GR CP L8 CENTERPLACE SITUS : 4548 GREE845,EX 80631 CENTERPLACE DR GREELEY 000000000 PHONE(970)353-3845,ExT.3650 � � SITUS : 4626 CENTERPLACE DR GREELEY www.co.weld.co.us 000000000 SITUS : 4552 CENTERPLACE DR GREELEY 0CENTERPLACEDR0 00000 SITUS : GREELEY 000000000 RECEIVED COLORADO OWNER: MCW-RC CO-GREELEY LLC JUL 0 3 2008 MARVIN F POER AND COMPANY LOG M.F.P®ER DENVER 410 17 ST SUITE 1730 PARCEL 095914308008 ACCOUNT R2133403 DENVER, CO 80202 YEAR 2008 Owner: MCW-RC CO-GREELEY LLC The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined that your property should be included in the following category(ies): Commercial property is valued by considering the cost, market, and income approaches . If your concern is the amount of your property tax,local taxing authorities(county,school,city,fire protection,and other special districts)hold budget hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget hearings. The Assessor has carefully studied all available information,giving particular attention to the specifics included on your protest,and has determined the valuation(s)assigned to your property. The reasons for this determination of value are as follows: No change has been made to the valuation of this propert . Colorado law requires us to send this notice of denial for all properties on which we do nol adjust the value . PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW COMMERCIAL 18927250 18927250 cc < c' F ..t. - I A • s: Pl; TOTALS $ $ 18927250 $ 18927250 APPEAL DEADLINES: REAL PROPERTY—JULY 15,PERSONAL PROPERTY—JULY 21. If you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration. 06/25/2008 By: Christopher M.Woodruff WELD COUNTY ASSESSOR DATE ADDITIONAL INFORMATION ON REVERSE SIDE 2008-2075 YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR' S DECISION The County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 5 for real property (land and buildings) a ' personal property(furnishings, machinery, and equipment). § 39-8-104 and § 39- 8-107(2), C.R.S. _= TWEEDURES9 I you choose to appeal the Assessor' s decision, mail or deliver one copy of this completed form to the County Board of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED ON OR BEFORE JULY 15 FOR REAL PROPERTY, AND JULY 21 FOR PERSONAL PROPERTY. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970) 356-4000 Ext. 4225 NoininnowOF'UEAI.II.NG3 You will be notified of the time and place set for the hearing of your appeal. COMM(BOARD OF EQUALIZATION'S DETERMINATION The County Board of Equalization must make a decision on your appeal and mail you a determination within five business days of that decision. The County Board must conclude its hearings and render decisions by August 5. X :. RIGHTS FORT }ltilin' I'EALSE If you are not satisfied with the County Board of Equalization' s decision you must file within thirty days of the County Board of Equalization' s written decision with ONE of the following: Board of Assessment Appeals (BAA): 1313 Sherman Street, Room 315 Denver, Colorado 80203 Telephone (303) 866-5880 An appeal form, rules and guidelines can be obtained on-line at www.dola.colorado.gov/baa District Court: 9th Avenue and 9th Street, P.O. Box C Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4520 Arbitration: WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4225 If you do not receive a determination from the County Board of Equalization, contact the county board. If the county board is not going to mail a decision, you must file an appeal with the Board of Assessment Appeals by September 11th. TO PRESERVE YOUR APPEAL RIGHTS, YOU MAY BE REQUIRED TO PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE,WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO THE COUNTY BOARD OF EQUALIZATION In the space below, please explain why you disagree with the Assessor' s valuation. IN ACCORDANCE WITH § 39-8-106(1.5), C.R.S., IF YOUR APPEAL INVOLVES REAL PROPERTY, YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as necessary. 17, S °i °°a +041 of z (4 n eIs atildh b. 7- 14-0r SION/ICI ERE Ot PEI II LONER DAM JOSEPH D. MONZON ( 303 ) 5 7 3 0975 MARVIN F. POEH 3 CO. 303 - 573 09'76, 44O NOD 20]ti28]/0B 410 17TH ST. SUITE 1730 IlGn ire% a-a ' CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 !" FAX: (970) 352-0242 r�' WEBSITE: www.co.weld.co.us.co.us 915 10TH STREET P.O. BOX 758 WI I D GREELEY, COLORADO 80632 C. COLORADO July 21, 2008 MCW-RC CO-GREELEY LLC CIO PROPERTY TAX DEPARTMENT PO BOX 790830 SAN ANTONIO TX 78279-0830 Parcel No.: 095914308008 Account No.: R2133403 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 31, 2008, at or about the hour of 1:45 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, 2008, and mailed to you on or before August 12, 2008. 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. MCW-RC CO-GREELEY LLC - R2133403 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 Math Donald D. Warden Clerk to the Board cc: Christopher Woodruff, Assessor MARVIN F. POER AND COMPANY 410 17TH ST STE 1175 DENVER CO 80202-4439 ci /n/of ' 11 CLERK TO THE BOARD PHONE (970)356-4000 EXT 4226 IMPLYMet FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us.co.us 915 10TH STREET ' P.O. BOX 758 GREELEY, COLORADO 80632 C. COLORADO July 25, 2008 MCW-RC CO-GREELEY LLC CIO PROPERTY TAX DEPARTMENT PO BOX 790830 SAN ANTONIO TX 78279-0830 Parcel No.: 095914308008 Account No.: R2133403 Dear Petitioner(s): The Weld County Board of Equalization previously set a date of July 31, 2008, at or about the hour of 1:45 PM, to hold a hearing on your valuation for assessment. To hear the cases more efficiently, this case has been rescheduled to Thursday, July 31, at 11:00 AM. 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, 2008, and mailed to you on or before August 12, 2008. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes. 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. MCW-RC CO-GREELEY LLC - R2133403 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 ilt441/4/4% Donald D. Warden Clerk to the Board cc: Christopher Woodruff, Assessor MARVIN F. POER AND COMPANY 410 17TH ST STE 1175 DENVER CO 80202-4439 Hello