HomeMy WebLinkAbout20072323.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 2007, WELD COUNTY, COLORADO - STIPULATE
PETITION OF:
GREELEY REGENCY HOTEL INC
CIO PAUL PATEL
701 8TH ST
GREELEY, CO 80631
DESCRIPTION OF PROPERTY: ACCOUNT#: R2810486 PARCEL#: 096105314010-GR
4814 L1 THRU 32 BLK43 TOG WITH VAC E-W ALLEY 701 8 ST GREELEY 80631
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 2007, 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 2007,claiming that the property described in such petition was assessed too
high, as more specifically stated in said petition, and
WHEREAS, in lieu of the hearing scheduled before the Board of Equalization a Stipulation
was agreed upon by the Assessor and said petitioner(s), and
WHEREAS,the petitioner(s)and the Weld County Assessor agree that the assessment and
valuation of the Weld County Assessor shall be, and hereby is, stipulated as follows:
ACTUAL VALUE
AS DETERMINED ACTUAL VALUE
BY ASSESSOR AS STIPULATED
Land $ 360,000 $ 360,000
Improvements OR
Personal Property 2,640,000 2,304,000
TOTAL $ 3,000,000 $ 2,664,000
WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld
County Board of Equalization.
2007-2323
AS0067
gO : '7S, 04, ✓t2E-P o8%.8/7
RE: BOE - GREELEY REGENCY HOTEL INC, R2810486
Page 2
NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, acting as the Board of Equalization, that the Stipulation agreed to by the Weld County
Assessor and the above-named petitioner(s) be, and hereby is, accepted by the Board.
The above and foregoing Resolution was,on motion duly made and seconded,adopted by
the following vote on the 31st day of July, 2007.
BOARD OF COUNTY COMMISSIONERS
G1 Ae�//����� WEU%OUNTY, COL i DO
ATTEST: �bE i��7 / g �_ Pr
^1t David E. Long, Chair
Weld County Clerk to the Board
EXCUSED
William H. er. -, ,'r.
erk to the Board C
Wily m F. Garcia
1„94,9PRQ TO FORM:
w '� Robert D. Masden
-dy 1 .
As ' "fant Q unCl(!�ty Attorne
oug as R emacher
Date of signature:et-7 /7
2007-2323
AS0067
2007
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
ASSESSOR'S ACCOUNT NUMBER R2810486
STIPULATION (As To Tax Year 2007 Actual Value)
RE PETITION OF :
NAME: Greeley Regency Hotel Inc
ADDRESS: 701 8t St
Greeley, Co, 80631
Petitioner(s), Greeley Regency Hotel Inc and the Weld County Assessor, hereby
enter into this Stipulation regarding the tax year 2007 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:
GR 4814 L1 thru 32 Blk 43 TOG with Vac E-W alley Situs: 701 8 St, Greeley
80631
2. The subject property is classified as Full Service Hotel
property.
3. The County Assessor originally assigned the following actual value to the subject
property for tax year 2007.
Land $ 360,000
Improvements$ 2,640,000
Total $ 3,000,000
4. After further review and negotiation, the petitioner(s) and Weld County Assessor
agree to the following actual value for the subject property.
Land $ 360,000
Improvements$ 2,304,000
Total $ 2,664,000
2007-2323
5. The valuations, as established above, shall be binding only with respect to tax
year 2007.
6. Brief narrative as to why the reduction was made: The subject hotel
recently had its franchise affiliation pulled by Best Western due to lack of normal
maintenance and disrepair. The subject's vacancy has run approx. 21% for the
last two years.
7. Both parties agree that the hearing scheduled before the Weld County Board of
Equalization on 08/02/07 at 4:00 pm be vacated; or, a hearing has not yet been
scheduled before the Board of Equalization (check if appropriate).
DATED 07/20/ 2007.
4Aftelk
Petitioner(s) or Agent Petitioner(s) or Agent
Address:
Uc � Co, c ,
r k
iot E, KeNokA .t, :3900
Dev,\rth , Co Z 0i2l
Telephone: IOU3-57513o6 Telephone:
County Assessor V
Address:
1400 N.17th Avenue
Greeley, CO 80631
(970) 353-3845 ext. 3656
NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR
1400 NORTH 17th AVE.
f VA 4814 Ll THRU 32 B713 TOG WITH GREELEY,CO80631
J VAC E-W W ALLEY SITUS :I TUS : 701 O 1 8 ST PHONE(970)353-3845,Der.3650
GREELEY 80631 www.co.weld.co.us
win
C OWNER: GREELEY REGENCY HOTEL INC
COLORADO
LICHT & COMPANY LOG 3644
9101 E KENYON AV STE 3900 PARCEL 096105314010
ACCOUNT R2810486
DENVER, CO 80237 YEAR 2007
Owner: GREELEY REGENCY HOTEL INC
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,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:
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 .
PETITIONER'S ASSESSOR'S VALUATION
PROPER)CLASSIFICATION ESTIMATE
o OF VALUE ACTUAL VALUE ACTUAL VALUE
> f) PRIOR TO REVIEW AFTER REVIEW
t,.,
COMME7:ALQ > 3000000 3000000
v
"v ° 0.a)
J a.-
�`C
c.D o CC
O
ti
TOTALS $ $ 3000000 : .. : $3000000' ' •
- APPEAL DEADLINES: REAL PROPERTY-JULY 16,'PERSONAL PROPERTY—JULY 20. -
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. TO PRESERVE YOUR APPEAL RIGHTS,YOU MAY BE REQUIRED TO PROVE THAT YOU FILED A TIMELY APPEAL;
THEREFORE,WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING.06/27/2007
By: Christopher M.Woodruff
WELD COUNTY ASSESSOR DATE
ADDITIONAL INFORMATION ON REVERSE SIDE
NOD 207 62 stro7
YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR' S DECISION
The County Board of Equalization will sit to hear appeals beginning July 2 and continuing through August 3 for real
property(land and buildings) and personal property(furnishings, machinery, and equipment). § 39-8-104 and § 39-
8-107(2), C.R.S.
APPEA'l t'ROtEi)IJRES!
If 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 16 FOR REAL PROPERTY, AND JULY 20 FOR PERSONAL PROPERTY.
WELD COUNTY BOARD OF EQUALIZATION
915 10th Street, P.O. Box 758
Greeley, Colorado 80632
Telephone (970) 356-4000 Ext. 4225
NO ATI0NK'tf? ARIL O!
You will be notified o1 the time and place set for the hearing of your appeal.
COUNTYBOMEDYEOUMIZATIOWS DETERMINATIop q
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 3.
TAxPATERNGgiirronuRint,RIVPEAMI
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
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 10th.
TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST 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. We hereby appeal the Notice of Determination and request a Board of Equalization hearing. The indicated
value of the subject is that appealed to the Assessor in May.
Please contact Chris at(303) 575-9306 to coordinate the Board of Equalization schedule.
Licht & Company old7 July 9, 2007
STGRATURFOFTEMIONER
uart:
NOD 207 62 87/07
ll ( HT & COMPANY
LC
INCORPORATED
July 10, 2007
Weld County Board of Equalization
915 10th Street, P.O. Box 758
Greeley, Colorado 80632
Re: Schedule Number: R2810486
Address: 701 8th Street
To Whom It May Concern:
We have enclosed the aforementioned schedule number for your review.
We hereby appeal the Notice of Determination and request a Board of Equalization
hearing. Please call me at (303) 575-9306 to coordinate a hearing time. We are trying
to work with several counties and would like to be present at the hearing.
Thank you,
Chris Barnes
Enclosures
9101 E.Kenyon Avenue•Suite 3900•Denver,Colorado 80237•Phone 303.575.9306•Fax 303.575.9307
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