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Home My WebLink About20072478.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2007, WELD COUNTY, COLORADO- STIPULATE PETITION OF: MAPLEWOOD I INVESTMENTS LLC 6180W10ST GREELEY, CO 80634 DESCRIPTION OF PROPERTY: ACCOUNT#: R4095106 PARCEL#: 080306218001 -ETN 2MEP L1 BLK 2 MAPLEWOOD ESTATES PUD 2ND RPLT SITUS: 201 S ELM AV EATON 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 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 $ 659,497 $ 659,497 Improvements OR Personal Property 1,255,394 804,503 TOTAL $ 1,914,891 $ 1,464,000 WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 2007-2478 /fen 'As/40o RE: BOE - MAPLEWOOD I INVESTMENTS LLC, R4095106 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 �� WELQ�OUN COLORADO ATTEST: a /ela r David E. U. o(L E. Long, Chair unty Clerk to the Board ]E� EXCUSED William . Jerk , Pro-Tem �L 1861J^ /:i 72 � � rk to the Board William F. Garci PPRbVED AS TO FORM: \No Robert D. Masderi er,,A c Assis nt Co ty Attorney m ,.,rn i—kgr glas emache Date of signature: /J PA-/ 7 2007-2478 AS0067 2007 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R4095106 STIPULATION (As To Tax Year 2007 Actual Value) RE PETITION OF : NAME: MAPLEWOOD I INVESTMENTS LLC ADDRESS: 6180 W 10 STREET GREELEY, CO. 80634 Petitioner(s), MAPLEWOOD I INVESTMENTS LLC 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: LOT 1 BLOCK 2 MAPLEWOOD ESTATES, AKA 201 S ELM AVENUE EATON, CO. 2. The subject property is classified as COMMERCIAL property. 3. The County Assessor originally assigned the following actual value to the subject property for tax year 2007. Land $ 659.497 Improvements$1,255,394 Total $1.914.891 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 659.497 Improvements$ 804.503 Total $1,464.000 aoo7-9V 78 . • 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: ADJUSTED VALUE BASED ON THE INCOME AND EXPENSES FOR YEAR 2006. 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on 8/3/2007 at 1:30 PM be vacated; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate). DATED this 26 day of JULY, 2007. 7c. es ) Petitioner(s) or Agent Petitioner(s) or Attorney Addres Jo 0,9,-4-7 7h.4 Address: SSS (744 5+. 3-1r h-- c) 7c1°z Telephone:(311 3 ) 311- L U ti i Telephone: County Assess r 1 Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 V\CLiALW CO at NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. ETN 2MEP Ll BLK 2 MAPLEWOOD ESTATES GREELEY,CO 80631 PUD 2ND RPLT SITUS : 201 S ELM AVPHONE(970)353-3845,Eaf.3650 t4r14 EATON 000000000 www.co.weld.co.us 1111€ OWNER: MAPLEWOOD I INVESTMENTS LLC COLORADO POLLING MATTHEW LOG 3952 C/O DELOITTE TAX LLP PARCEL 080306218001 555 SEVENTEENTH ST SUITE 3600 ACCOUNT R4095106 DENVER, CO 80202 YEAR 2007 Owner: MAPLEWOOD I INVESTMENTS 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,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: The Colorado Constitution requires commercial property to be valued based on actual value and assessed at 29% . Replacement cost, market, and income are approaches used to determine the actual value of your property. Your valuation is supported by the appraisal procedures required by law. This is not a stablized property, therefore the income approach is not applicable. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW COMMERCIAL 1914891 1914891 TOTALS $ $ 1914891 $ 1914891 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 307 63 87/07 Maplewood I Investments I I C 201 S ham 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. APPEAL PRO 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 NI - •'g NC F, G You will be notified of the time and place set for the hearing of your appeal. COUNTY$OARD"OF EQUALIZATION'S DETER' _NA` oN 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. TAXPAYER RIGHTB FOR FUR ritEk AFFIRMS: 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. 080306218001 —Rest) • \,34O,we The property is valued in excess of fair market value based on the three approaches to value; cost, market, and income. In addition,t r property/is valued in excess of other similarly situated properties joop Ian James July 14, 2007 � FPET S16NATIIONER (303)312-4041 DALE NOD 207 62 87/07 50 McClelland Drive j w INVESTOR 'Site 3700 Fort Collins, CO 80525 "' ' PROPERTIES Phone 970-226-2600 II OF COLORADO, LLC Fax 970-226-2609 Web www.investors-usa.com LETTER OF AUTHORIZATION To Whom It May Concern: Property Owner Name: Maplewood I Investments LLC Hereby appoints and authorizes Deloitte Tax LLP as taxpayer's property tax representative on all matters pertaining to the 2007/2008 ad valorem taxes relating to the property listed below. Until written notice of termination is issued,Deloitte Tax LLP may have the right to, exclusive to the below listed property, examine property tax records,obtain all property tax statements,and discuss or appeal any property tax assessments with the proper authorities, when in their opinion, the property tax assessment does not constitute fair market value. Additionally, Deloitte Tax LLP has the right to file property tax appeals to the appropriate jurisdiction, if orized by law. By: Name: ecker,Principal Title: Investors Properties of Colorado, LLC, As Agent Address: 2850 McClelland Drive, Suite 3700 Fort Collins, Colorado Phone Number: 970-226-2600 Property Description: Parcel No. Address Jurisdiction I State I R4095106 201 S. Elm Ave. Weld Count y Colorado Subscribed and sworn before me this_Z3 ay of 77441 do6 .ACT 6, d am,-_ - ' Notary Public L� blic z 4{0 PUB State of C O7 II County of 4.(N - // .1: "" µ - Rp 1 My commission expires 9 -2 y- —'d aFC" MY commissiuN September 24,201O:"We manage your property as if we owned it." Del o itte a Deloitte Tax LLP Suite 3600 555 Seventeenth St. Denver,CO 80202-3942 USA Tel:+1 303 292 5400 Fax:+1 303 312 4000 www.deloitte.com July 16, 2007 CERTIFIED RETURN RECEIPT 7007 0710 0005 2329 2908 Weld County Board of Equalization 915 10'h Street Greeley, CO 80632 Re: 2007 County Board of Equalization Real Estate Appeals Enclosed are the 2007 Appeals for the following taxpayers and schedule numbers: Taxpayer Schedule No. Eastman Kodak Co R4674207 Amalfi LLC R0034492 Maplewood I Investment LLC R4095106 Amalfi LLC R0034592 Westlake Office Plaza I R0273493 West Colorado Square Ltd I R0085188 If you have questions, or need additional information, please contact Mr. Matt Poling at (303) 308-2191. Sin erely, .4O1_9 Kelly R. all Property Tax Associate O 0� I+i c 2rn /kh O '— as _ cn m cno Enclosures C . zz rr rn1 4 7:1_< C (n Member of Deloitte Touche Tohmatsu H�;il►�► illn►�� ` . , .,)9S¢les Pp82:l9P 111 tmlio\\IN f •! ;• 7 WtNEv nr.wes .ter"{�: . 02 1M $ 05.72° �'` wS'. +. 000421 81 38 JUL 15 2007 7007 0710 0005 2329 2908 i -r taw MAILED FROM ZIP CODE 80202 Deloitte, Suite 3600 555 Seventeenth St. Denver,CO 80202-3942 USA Weld County Board of Equalization • 915 10th Street Greeley, CO 80632 Member of Deloitte Touche Tohmatsu IildPh►tlllll►rthi6rlIIII+I1rIhIlu►IIInIilliuI CLERK TO THE BOARD (it PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us.co.us 91510TH STREET ' P.O. BOX 758 GREELEY, COLORADO 80632 C. C9j1ppADO MAPLEWOOD I INVESTMENTS LLC 6180W10ST GREELEY CO 80634 Parcel No.: 080306218001 Account No.: R4095106 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 3, 2007, at or about the hour of 1:30 PM,to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Department of Planning Services, Conference Room, 918 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 3, 2007, and mailed to you on or before August 10, 2007. 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. 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. MAPLEWOOD I INVESTMENTS LLC - R4095106 Page 2 Very truly yours, B RD OF E UALI . TION Donald D. Warden Clerk to the Board cc: Christopher Woodruff, Assessor POLLING MATTHEW CIO DELOITTE TAX LLP 555 SEVENTEENTH ST SUITE 3600 DENVER CO 80202 Hello