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Home My WebLink About20073373 RESOLUTION RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND OF TAXES - CALABRESE INVESTMENTS, LLC WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 29th day of October, 2007, at which meeting there were present the following members: Chair David E. Long, and Commissioners William H. Jerke, William F. Garcia, Robert D. Masden, and Douglas Rademacher, and WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, with said Assessor, Christopher Woodruff, being present, and taxpayer Calabrese Investments, LLC, not being present, and WHEREAS, the Board of County Commissioners have carefully considered the attached petition, and are fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the assessor and the petition be and hereby is, denied. CORRECTION TO ASSESSED ABATEMENT TAX VALUATION OR REFUND YEAR $440,210.00 $0.00 2005 $440,210.00 $0.00 2006 2007-3373 AS0066 TAX ABATEMENT PETITION - CALABRESE INVESTMENTS, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 29th day of October, A.D., 2007. BOARD OF COUNTY COMMISSIONERS WEL OUNTpY, COLORADO ATTEST: � � n ,, �if11`I /I� c,.k� c� 7 id E. Long, Chair Weld County Clerk to the Bo.- X861 rf am H. Jerk ro-Tem BY: 11`' Deputy Clerk to the Board 174) W m F. Garcia AP VE M: Robert D. Masden �nty AttorneYAttorney gnu log Qn e r / ougla2Radema�er Date of signature: / / RIM 2007-3373 AS0066 PETITION FOR ABATEMENT OR REFUND OF TAXEGO ✓ �� Weld WELD COUNTY County: Date Received r,QMMI§SIOWFRS (Use Assessors or CoorNrssoners' ate Stamp) nal a A I0: 18 Section I: Petitioner,please complete Section I only. Mil r(ni Date: 4,102007 RECEIVED Month Day Year �J Petitioner's Name: Calabrese Investments LLC Petitioner's Mailing Address: 1257 Eagle Ct. Windsor CO 80503 City or Town State Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY 186830297 4001 S.Valley Dr. Petitioner states that the taxes assessed against the above property for property tax year(s)2005 and 2006 are incorrect for the following reasons: (Briefly describe the circumstances surrounding the incorrect value or tax. Attach additional sheets if necessary.) Property is overvalued. Sec attached"Appeal of Real Property Valuation". Petitioner's estimate of value: $ 1,333,000 (2005 )and $ 1.333,000 ( 2006 ) Value Year Value Year Petitioner requests an abatement or refund of the appropriate taxes. I declare,under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits or statements,has been prepared or examined by me,and to the best of my knowledge,information and belief,is true,correct,and complete. Daytime Phone Number J ) Petitioner share r� / 1 By Ct.-As—D. 1, . - {� N0—' Daytime Phone Number J?7C'J ) 3 c 8' O. � �-=' Agent's Stgn urea a ' f.3 o JQrt4Sh beu,.c{fs cr: y 'Letter of agency must be attached when petition is submitted by an agent. �: :72:::::. c _ If the board of county commissioners,pursuant to section 39-10-114(11.or the property tax administrator.pursuant to section 394 446,dent{.the petition for refund or abatement of taxes in whole or in part,the petitioner may appeal to the board of assessment appeals putusInt to theprovisions of section 39-2-125 within thirty days of the entry of any such decision,§39-10-114.5(1),O.R.5. �-yp l� r 't"i Section ll: Assessor's Recommendation 0 (For Assessor's Use Only) CO Tax YearZO� Tax Year 2°00 O Actual Assessed Tax Actual Assessed Tax / b796,t tilf1z'D -s9 T2 `/ 7 /'5-9 en ''Oi z/o ,'if c cl ' Original Corrected ., AbatelRefund O Assessor recommends approval as outlined above. N9..protest was filed for the year(s): or (If a protest was filed,please attach a copy of the NOD.) sessor recommends denial for the following reason(s): /O R ./252,, �J [�-1 Vert e• ry� //I /se �ir's i�� Assessor's or eputy Assessor's Sig re 15-OPT-AR No.920-66/06 J FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund filed pursuant to section 39-10-114 shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor,as appropriate,within six months of the date of filing such petition.§39-1-113(1.7),C.R.S. Section III: Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to S1,000) The commissioners of County authorize the assessor by Resolution No. to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract,parcel,or lot of land or per schedule of personal property,in accordance with§39-1-113(1.5),C.R.S. The assessor and petitioner mutually agree to the values and tax abatement/refund of: Tax Year Tax Year Actual Assessed Tax Actual Assessed Tax Original Corrected --. Abate/Refund Note:The total tax amount does not include accrued interest,penalties.and fees associated with late and/or delinquent tax payments.if applicable. Please contact the county treasurer for full payment information. Petitioner's Signature Date Assessor's or Deputy Assessor's Signature Date Section IV: Decision of the County Commissioners (Must be completed If Section III does not apply) WHEREAS,The County Commissioners of County,State of Colorado,at a duly and lawfully called regular meeting held on / / ,at which meeting there were present the following members: Month Day Year with notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and Assessor (being present--not present)and Name petitioner (being present--not present),and WHEREAS,The said Name County Commissioners have carefully considered the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,That the Board(agrees--does not agree)with the recommendation of the assessor and the petition be(approved—approved in part--denied)with an abatement/refund as follows: Year Assessed Value Taxes Abate/Refund Year Assessed Value Taxes Abate/Refund Chairperson of the Board of County Commissioners'Signature I, County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementioned county,do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners. IN WITNESS WHEREOF,I have hereunto set my hand and affixed the seal of said County this day of Month Year County Clerk's or Deputy County Clerk's Signature Note: Abatements greater than$1.000 per schedule,per year.must be submitted in duplicate to the Property Tax Administrator for review. Section V: Action of the Property Tax Administrator (For all abatements greater than 51,000) The action of the Board of County Commissioners,relative to the within petition,is hereby 0 Approved ❑Approved in part$ El Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature Date 15-OPT-AR No.920-66/06 • Agent: PROPERTY TAX ADVISORS, INC. 3090 South Jamaica Court, Suite 204 Aurora, Colorado 80014 TEL: (303)368-0500; FAX: (303)368-0573 Petition To: BOARD OF COUNTY COMMISSIONERS Subject: APPEAL OF REAL PROPERTY VALUATION Tax Year: 2005 & 2006 County: Weld Schedule Number: R6830297 PTA # 2279E Property Address: 4001 S. Valley Dr. Property Owner: Calabrese Investments LLC Inclusions: _X_ Photograph(s) of Subject Property _X_ Correlation and Conclusions X Income Approach X Market Approach Cost Approach _ Salient Facts Report Date: 4/09/2007 Effective Date: 6/30/04 PETITIONER'S FINAL ESTIMATE OF VALUE: $1,333,000 Value per Square Foot: $46.45 ASSESSOR'S VALUE: $1,517,969 Value per Square Foot $52.89 Site Size 71,874 s.f. YOC 1997 Effective Bldg. Age (yrs) 5 Gross Building Area 28,700 s.f. Remaining Econ. Life (yrs) 40 Land to Bldg. Ratio 2.5 :1 Zoning Industrial Construction Masonry Use: Flex Warehouse/Office Building SUBJECT PROPERTY } }'x"' "- +'a j l Y +S. iz�,. `�< e � ♦s i f M.`� ' ^ =k 1."' 4,{ Lei ',. �. , �.. hh.74 / Sl am, r { agar _ F ! -;:s4-1 y •-t i h ii ..,.;.....„,:::---4.11. 11,7t,yS ks£^ tv;y r .( i. 4 4.8.88, Y 1 d.. , 1'-� Erb h 888 ,S c rt. } a ' al ax'. v.m^u a. 2 Ti s_r 2 y,,, z Y. 'gt Y "K > h - J.; . 2. a 25 '7"* 4.• f " -, \ a � rr ti 4 d � • .: #� - � { H !.J f'" F .:m 0i - Property Address: 4001 S. Valley Dr. PTA# 2279A Final Estimate of Value: $ 1,333,000 ($46.45/sf) CORRELATION AND CONCLUSIONS: Petitioner gives equal weight to its (2) approaches: Market Approach= $1,301,500 X 50% _ $650,750 Income Approach= $1,364,500 X 50% _ $682,250 ASKING VALUE = $1,333,000 Property Address: 4001 S. Valley Dr. PTA # 2279) INCOME APPROACH TO VALUE = $ 1,364,500 ($47.54/sf) GLA: 28,700 sf Rental Rate: $ 6.25 /sf Source: Market and Owner's Rent Roll Factors Affecting Rental Rate: 21,700 sf x $6.25 Gross /sf = $135,625 7,000 sf x $11.00 Gross /sf = $77,000 sf x /sf = Potential Gross Income $ 212,625 Source: Market Occupancy Rate X .90 Effective Gross Income $ 191 ,363 Source: Market Expenses - .82 Net Operating Income $ 156,917 Source: Cap Rate 9% Capitalization Rate ) .115 ETR 2.5% Overall Rate 11.5% VALUE BY INCOME APPROACH $ 1,364,498 Say: $ 1 ,364,500 Comments: al C C a) E E s c o C U o E L L L o 0 a Tra O i u o O C > C a > un o co £ y (f) L C1-4 al m 0 c o E ' 0 2 0 U C ro O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O C 0 0 0 0 0 0 0 0 0 m 0 0 0 0 0 0 0 0 0 i 7C6 6N� m nN OoO6r66 606066 ti i C , 0 u1 C Ln Lin N O N 0 00 N 7 O p 7 CO m Li- Q N N .7-I H o ~ Ti' ^ N 7 Ltl y M h01 N LA .-- f^ � t' o') o d' 0 OO O W 0 0 as m 'r- m 00000 o0O 0-674- Z1- 0 00 00 .- N N N N N N N N N ~ In W m '"I m T-I m l0 M .�-I I— ri U ti 1- C° F I- t 0 ill V Z Z Z f€J UOUD < W < a. 0 Q > m QCQQZZ E a O ^ O ^ z u- n Q < ^ IWi Q Z COO O O al > » " " ti- 0 0 E mvrnvm o rn a' ., v on C „ CI0 � 0N W 00 � NZNO 0 Co _V W CO d .-I ,-I .-1 •-I I-1 ° N ,.y '"I U Ln H m f- H ul '-I V a CO » » a% W 03 >J.. 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F a s$y^. N ye :. a ma .z •+ r .r e ,rr- . s'^-.?`" c �i s,.a � ,r ....At,- .:*:,., ,,:: • a act' .. $ 4 c Y; ? w ,fiyii. s zt &• w a a .,#,. tS144,dr 4:".•.;?-;`:-..,^{ry 4. l Y WS. - Y.d y*i'> f . ;mss „y, ,343b br x.s. .- h,,; .x .1• ' T-:;14;:-r „„ eµ," 'b y, `,` h ". �, .. fix.y °rr,3' s., . . O. - "£ny 'ai rys`,x` '>f„Re .Ya';. - - d,Y?� h `*fin x,�yx az ra n -"Iv,:y as'Cvx * lk • " - +dsY. �, a cif Sy '5�y�{" ,t'?+ co r'.. ;41;;41i,z`..0::/1-2'7.:;7:2"'''' xr ° t»c 'A sd a ',tit.'+ y#=. , ita : `^ n u�J.a"'4-r,#.,ia`N5 4' x tx z ",�#,r,+rv, W T. .,cc'x''`'Sr`k+"‘"444:<4,,'•.44,,aE"5✓ c.%'a' - - x�} "`'s > �S ,..�, �x..we s., e kj'',:S fa,,,,•a i fi. k re- ,V,,,,--Y *f' ` 1#5r ti`^ �z,.x a`a+�'�R�t+14r 2�, ,..!„.......4,4,4,M%- KryYirac t< " � Vt y.'t y -� .42 ' tns ' ' �rY'M1`x '. ^5 " '.� yWit.,.,./.:‘,74,;,,,,`„;i. .T, c� °' 3 ,i ryt'w I., +;.iM.4s J. 'Y, y o tz te'V tom; •,,AZ?:,. d ', m`".x a$ fi '" { t A.-i i +`s`�„ "a.s, ..._s ; t. 6 s Y G: e�`3.+` ar,. Si'if"s he..*z II,Aziew�.: S Iii-JP--ti-; 4 t 'fia r .,,w FF h"gl`� rk ?% CF � j1 *" 9 +sue. '% «. es rage 1 Ul G • Beldon Wright• Property Tax Advisors, Inc. log out 14331 Hilltop Ave COSTAR _.., � Mead, CO 80504 - Weld County Ind Submarket •COMP iP Sale on 10/07/2004 for $1,090,564 ($38.75/SF) - Research Complete 28,147 SF, Warehouse Building Built in 1995 -•!* home page sale transaction 1 property I contacts I ii J 4 of 16 map/aerial 1 demographics I analytic L 7 (sale contacts �- results table Recorded Buyer: FBVAM Investments, LLC print reports Recorded Seller: Thomas D. Day change criteria True Buyer: FBVAM InvestmentsjLC show criteria 4045 Specialty PI Longmont, CO 80504 save survey (303) 772-2103 add records True Seller: - remove record !transaction details l Sale Date: 10/07/2004 comps search Sale Price: $1,090,564 - Full Value my surveys Bldg Type: Warehouse Asking Price: - lookup comps Year Built/Age: Built 1995 Age: 9 9' Price/SF: $38.75 update data RBA: 28,147 SF Price/AC Land Gross: $403,912.59 ($9.27/SF) suggestions Land Area: 2.70 AC (117,612 SF) support Percent Leased: 100.0% Percent Improved: 80.60/0 Buyer Cap Rate: - Total Value Assessed: $1,250,000 in 2004 Improved Value $1,007,469 Assessed: Land Value Assessed: $242,531 Land Assessed/AC: $89,826 Sale Conditions: - Transfer Tax: $109.06 Financing: $1,200,000 from Adams Bank & Trust Crane: - Stories: 1 Column Spacing: - Ceiling Height: 16'0" Levelators: None Cross Docks: No Drive Ins: 1 (total) Loading Docks: 3 ext (bldg Rail Spots: None Const Type: Metal Zoning: L1 Sprinklers: Yes Rail Line: None Legal Desc: Lot 8 blk 2 Sekich Business Park + easement Parcel No: 120723001019 file://CADOCUME-1\fran\LOCALS—ljemp\EEIQU5W2.htm 2/3/2007 �,OJCBI l,V1V1YJl"l rant i vi c • Beldon Wright• Property Tax Advisors, Inc. log out 14331 Hilltop Ave O I 7` COSt%R ; Mead, CO 80504 - Weld County Ind Submarket c7 Sale on 10/07/2004 for $1,090,564 ($38.75/SF) - Research ' Complete -- 28,147 SF, Warehouse Building Built in 1995 home page sale transaction I property 1 contacts 1 4 of 16 map/aerial I demographics I analytic 1 (current industrial information �.- results table Bldg Type: Warehouse print reports Bldg Status: Built 1995 Age: 9 change criteria RBA: 28,147 SF Class: - Rent/SF/yr: - Stories: 1 show criteria 0/0 Leased: 100.0% Building FAR: 0.24 Total Avail: 0 SF Zoning: Li save survey Warehouse Avail: 0 SF Land Area: 2.70 AC add records Office Avail: 0 SF Lot Dimensions: - Bldg Vacant: 0 SF Owner Type: - remove record Max Contig: 0 SF Owner Occupied: No Smallest Space: 0 SF Tenancy: Multi comps search CAM: - my surveys Ceiling Height: 16'0" Column Spacing: - lookup comps Loading Docks: 3 ext (bldg. total) Levelators: None Cross Docks: No Crane: - update data Drive Ins: 1 (total) Const Type: Metal Sprinklers: Yes Rail Spots: None suggestions Rail Line: None support Power: 1200a 3p Utilities: Gas - Natural, Water - City Parking: Free Surface Spaces Features: 24/7 Building Access, Corner Lot location information �. Metro Market: Denver Submarket: Weld County Ind/Weld County Ind County: Weld CBSA: Greeley, CO DMA: Denver, CO-NE-WY-NV building notes 10/04: Specialty Products, represented by Gibbons-White, purchased th Real Property Associates represented the seller, Thomas Day. There is radiant heat, double skinned, metal siding, outside storage, and office space. Subject property is clear span construction with a large, lig area. The zoning and lot will allow for expansion or a second building. It the booming unincorporated Weld County. Prt http://property2.costar.com/comps/Detail/Detail.aspx?t=1&id=659477 2/3/2007 eV 4 .d $ruin ,+p. • • 1R • • • • i • ii a._ YC` pM s*S'taloa.t R A A v fix= 0 ifthericktoa7•Li.41 -L. ,& ,}� t. g ` mss. 'Z ,.s�� liariA.P i- 0. • • r. - s Omicitvii- c��r • e. $f 11,V fgaz.iet,474,:4411fiKTAA.4 7, al • �n y • Ltd yl ,t • f lj F • P-, 61 ' • w Costar C:UMYsu _ , ragc i vi c ,_ . s- .2 4Cncstr, Beldon Wright Property Tax Advisors,Inc. log out 600.31st St CO& Rg Evans, CO 80620 - Weld County Ind Submarket LOVIPS# Sale on 08/31/2004 for $1,600,000 ($36.36/SF) - Research R., Complete 44,000 SF, Class C Warehouse Building Built in 1979 ';'?beck .` home page .._ sale transaction 1 property i contacts it 2 of 16 fr map/aerial L demographics I analytic L 7 kale contacts L results table Recorded Buyer: Evans Warehouse, LLC print reports 293 Berthoud Tr' change criteria Broomfield, CO 80020 (303) 466-8162 show criteria Recorded Seller: Pawnee Transportation, Inc. 2313 17th St save survey Greeley, CO 80634 add records Seller Contact: John Todd remove record dtransaction details comps search Sale Date: 08/31/2004 Sale Type: Investment my surveys Sale Price: $1,600,000 - Full Value lookup comps Bldg Type: Warehouse Asking Price: - update data Year Built/Age: Built 1979 Age: 25 Price/SF: $36.36 suggestions RBA: 44,000 SF Price/AC Land Gross: $876,712.33 ($20.13/SF) support Land Area: 1.83 AC (79,497 SF) Percent Leased: - Percent Improved: 84.0% Buyer Cap Rate: - Total Value Assessed: $868,663 in 2003 Improved Value $729,522 Assessed: Land Value Assessed: $139,141 Land Assessed/AC: $76,241 Sale Conditions: - Transfer Tax: $160 Financing: Down payment of $387,806 (24.2%) $1,212,194 from Lender Not available Crane: - Stories: 1 Column Spacing: - Ceiling Height: - Levelators: - Cross Docks: - Drive Ins: - Loading Docks: - Rail Spots: - Const Type: Masonry Zoning: C-1, Evans Sprinklers: - Rail Line: - http://property2.costar.com/comps/Detail/Detail.aspx?t=19&id=678540 2/3/2007 ' t _ } vat 4• t b ' b $ .. 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Y �}t 4 r - .. q.�t r-+nth 'p c »�sn �'',.0T L,ham' m a { �r ,"x'�• w,F 1 y r N Y I fr. ., ry• r } tAJO tat l.V1V1fc,& +'+,j` + ` + '• • Beldon Wright• Property Tax Advisors, Inc. log out 4175 Mulligan Dr CSR Longmont, CO 80504 - Weld County Ind Submarket ► ,, y1Pt Sale on 07/15/2004 for $1,825,000 ($55.99/SF) - Research Complete -,. k-car °' 32,597 SF, Manufacturing Building Built in 1994 � home page sale transaction 1 property j contacts .4 1 of 16 ). map/aerial L demographics 1 analytic 'sale contacts 4 results table Recorded Buyer: Carribean Q, LLC print reports 1933 66th Ave change criteria Greeley, CO 80634 show criteria Recorded Seller: Nick Studen, Jr. 4404 Fairway Ln save survey Broomfield, CO 80020 (303) 466-6794 add records Buyer Contact: Mark Bostock remove record Buyer Broker: Gibbons-White, Inc. Ted Knapp comps search Listing Broker: Basham &Associates my surveys Brandon Basham lookup comps (303) 615-9595 7 'transaction details I update data Sale Date: 07/15/2004 (90 days on market) 9 suggestions Sale Type: Owner/User Sale Price: $1,825,000 - Confirmed support Bldg Type: Manufacturing Asking Price: - Year Built/Age: Built 1994 Age: 10 Price/SF: $55.99 RBA: 32,597 SF Price/AC Land Gross: $440,395.75 ($10.11/SF) Land Area: 4.14 AC (180,513 SF) Percent Leased: 100.0% Percent Improved: - Buyer Cap Rate: - Total Value Assessed: - Improved Value - Assessed: Land Value Assessed: - Land Assessed/AC: - Sale Conditions: 1031 Exchange Transfer Tax: $182.50 Financing: Down payment of $365,000 (20.0%) $1,460,000 from Weld County Bank Greeley Crane: None Stories: 1 Column Spacing: - Ceiling Height: 20'0"-30'0' http://property2.costar.com/comps/Detail/Detail.aspx?t=19&id=671432 2/3/2007 UO3 tai LAMS/11'3W/ L. V <. • Levelators: None Cross Docks: No Drive Ins: 4 (total) Loading Docks: 2 ext (bldg Rail Spots: - Const Type: - Zoning: I, Mead Sprinklers: Yes Rail Line: - Legal Desc: Lots 6 & 7 blk 1 of lots 6 thru 15 blk 1 Sekich Busini Parcel No: 120723001039, 120723001040 Document No: 3199041 Sale History: Sold for $1,850,000 C$56.75/SF) on 01/03/2006 Sold for $1,825,000 ($55.99/SF) on 07/15/2004 transaction notes My Notes: My Docs: NONE Income/Expense: Buyer is an owner/user. Carribean Q, LLC c/o Mark Bostock * Land Area: The seller reported parcel# 120723001040 is 1.14 acres o land, that allows for expansion up to 75,000 SF. * Exchange: This was the seller's downleg in a 1031 exchange. Mill Levy: 85.061 research & sources I.- Costar Research: Ken Baker Last Updated: 03/31/201 (858) 678-4128 phone update data (800) 318-1770 fax Publication Date: 03/30/201 Copyright©2002-2007 Costar Realty Information, Inc.All rights reserved. By using this site,you agree to our Terms of Use http://property2.costar.com/comps/Detail/Detail.aspx?t=19&id=671432 2/3/2007 Beldon Wright• Property Tax Advisors, Inc. log out rvA ..t I'i x p 4175 Mulligan Dr Pi nt.ADISTAR Longmont, CO 80504 - Weld County Ind Submarket or ' ' Sale on 07/15/2004 for $1,825,000 ($55.99/SF) - Research " Complete 32,597 SF, Manufacturing Building Built in 1994 home page sale transaction property 1 contacts J 1 of 16 map/aerial ± demographics L analytic 'current industrial information (- results table Bldg Type: Manufacturing print reports Bldg Status: Built 1994 Age: 10 change criteria RBA: 32,597 SF Class: - Rent/SF/yr: - Stories: 1 show criteria % Leased: 100.0% Building FAR: 0.18 7 Total Avail: 0 SF Zoning: I, Mead save survey Warehouse Avail: 0 SF Land Area: 4.14 AC add records Office Avail: 0 SF Lot Dimensions: - Bldg Vacant: 0 SF Owner Type: - remove record Max Contig: 0 SF Owner Occupied: No Y Smallest Space: 0 SF Tenancy: Single comps search CAM: - my surveys Ceiling Height: 20'0"-30'0" Column Spacing: - lookup comps Loading Docks: 2 ext (bldg. total) Levelators: None 7 Cross Docks: No Crane: None update data Drive Ins: 4 (total) Const Type: - Sprinklers: Yes Rail Spots: - suggestions Rail Line: - support Power: 1200a/480v 3p 4w Property Mix: Industrial 25,426 SF (78.0%) Office 7,171 SF (22.0%) Expenses: 2003 Combined Tax/Ops @ $0.77/sf Parking: 39 free Surface Spaces are available; Ratio of 1.20/1,( Features: Partial Stories Exist "location information 4.. Metro Market: Denver Submarket: Weld County Ind/Weld County Ind County: Weld CBSA: Greeley, CO DMA: Denver, CO-NE-WY-NV Map(Page): Pierson Graphics Corp 62-JW31 (building notes (h The subject property is available for sale to an owner/user and will be v COE. The property features 7,000 SF of office build out, a 130,683-SF lot high doors, and 1 drive-in door. The plans allow for expansion up to 75,( there is heavy power at 1200 Amps. http://property2.costar.com/comps/Detail/Detail.aspx?t=1&id=671432 2/3/2007 Property Tax Advisors, Inc. (303)368-0500 3090 S.Jamaica Ct., Suite 204 FAX (303)368-0573 Aurora, Colorado 80014 CONSULTANT - AGENCY AGREEMENT _a Corporation Property Owner: Calabrese Investments LLC _ a Partnership as Individuals County: Weld _ a Trust P.I.N. Property Address R6830197 4007 S. Valley Dr. R6830297 4001 S. Valley Dr. The undersigned hereby appoints and authorizes Property Tax Advisors,Inc.as its Agent and Consultant in the preparation and execution of a real estate valuation appeal(s)on behalf of the undersigned in regard to the above enumerated property(ies)for the assessment year(s)2007-2008 and for the prior two years. The undersigned further authorizes Property Tax Advisors, Inc., as Agent of the undersigned,to execute and cause to be filed on behalf of the undersigned,in the name of the undersigned,any and all documents relating to an appeal of the subject property's(ies)valuation(s). This agreement��l1 is executed this ,2 ? day of r4e,U• , 20 0 7. BY: (/ 1. alf. / Print Name: onAdOO //V. C,g/4e,rsiT ..p. Title: /t1�.4//6a7t (If Corporation, your title; (or) Owner, General Partner, Telephone No.: 9 C - 226 — 09 92 Lessee,Property Manager,Power of Attorney,Trustee,etc.) Fax No.: Rev. 11/06 2279 2279A FAX TRANSMISSION i)act/L CLERKP. O. OX 758 STREET 915 BOARD COLORADO GREELEY, CO 80631 PHONE: 970-356-4000 EXT. 4225 FAX: 970-352-0242 To: DARIUSH BOZORGPOUR Date: 10/18/07 Fax: 303-368-0573 Pages: 4 , including cover page Phone: From: Sharon Kahl, Deputy Clerk to the Board Subject: TAX ABATEMENT PETITIONS HEARING DATE COMMENTS: We have scheduled these tax abatement hearings for October 29, 2007. We needed to schedule asap, please email a memo stating you have been notified of the hearing date and time. My email address is skahl@co.weld.co.us Thank you, and if you have any questions, please contact me at (970) 356-4000, ext. 4225. skahl CONFIDENTIAL This facsimile is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged confidential,and exempt from disclosure under applicable law. If the reader of this facsimile is not the intended recipient nor the employee or agent responsible for delivering the facsimile to the intended recipient,you are hereby notified that any dissemination,distribution,or copying of this communication is strictly prohibited. If you have received this communication in error,please notify us immediately by telephone and return the original message to us at the above address via the U.S.Postal Service. Thank you. Page 1 of 1 Sharon Kahl From: Property Tax Advisors, Inc. [ptadvisor@cprompt.org] Sent: Monday, October 22, 2007 3:33 PM To: Sharon Kahl Cc: dbozorgpour@cprompt.org; smine@cprompt.org Subject: Abatement Hearings Sharon, I received your fax requesting confirmation on the abatement hearings scheduled for 4001 South Valley Drive, 4524 Centerplace Drive, and 1405 32nd Street on October 29th, 2007. If you need any additional information please contact me. Thank you, Dari Bozorgpour Property Tax Advisors, Inc. 3090 S. Jamaica Ct., Suite 204 Aurora, CO 80014 (303) 368-0500 ph (303) 368-0573 fx 10/22/2007 a CLERK TO THE BOARD !' PHONE (970) 336-7215, 4225 352 FAX: (970) 352-0242 P.O. BOX 758 hiDe. GREELEY, COLORADO 80632 COLORADO October 18, 2007 Calabrese Investments, LLC 1257 Eagle Court Windsor, CO 80503 RE: SCHEDULE NUMBER R6830297 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: 4001 South Valley Drive, Mead, Colorado. The meeting is scheduled for October 29, 2007, at 9:00 a.m., in the First Floor Meeting Room, Weld County Centennial Center, 915 10th Street, Greeley, Colorado. The Assessor is recommending that the Board deny your petition. You are not required to be present at this hearing, however, this is your opportunity to have your position heard, especially if your position is opposed to the Assessor's recommendation. If you intend to submit any documentation in support of your position for this hearing, all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearing. If you have any questions concerning this matter, please do not hesitate to contact Esther Gesick at (970) 336-7215, extension 4226. Sincerely, Esther E. Gesick Deputy Clerk to the Board cc: Assessor Dariush Bozorgpour Property Tax Advisors, Inc 2007-3373 .H.H Kit a CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 iliac FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 COLORADO November 21, 2007 Calabrese Investments, LLC 1257 Eagle Court Windsor, CO 80503 RE: SCHEDULE NUMBER R6830297 Dear Property Owner: On October 29, 2007, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and denied same. Pursuant to Section 39-2-125(f),C.R.S.,you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from the Board of Assessment Appeals, Department of Local Affairs, 1313 Sherman Street, Room 420, Denver, Colorado 80203. V�truly yours,)/�� i ! j ! r/ Al Donald D. Warden, Clerk to the Board 7B — -- ki Clerk to the Board cc: Assessor Dariush Bozorgpour Hello