HomeMy WebLinkAbout20072955.tiff For Office Use Only
PETITION TO STATE BOARD OF ASSESSMENT APPEALS
1313 Sherman Street, Room 315 Phone: (303) 866-5880 Docket No.
Denver, Colorado 80203 Fax: (303) 866-4485
Fee: Y N
Check/Credit Card#
Date: 8/30/2007 P F H
Property Owner: Eastman Kodak Company
Subject Property: 9952 Eastman Park Dr.,Windsor,CO
Street Address City
Schedule Number(s): R4674207
Attach separate sheet if necessary
OBoard of Equalization
Appeals the decision of the Weld ❑Board of Commissioners Dated: 8/2/2007
County ❑State Property Tax Administrator
This Appeal concerns: EValuation O Refund/Abatement ❑Exemption ❑State Assessed Tax Year: 2007
The subject property is currently classified as:
❑Agricultural 0Commercial ❑Exempt ❑Industrial 0Mixed Use ❑Natural Resources
❑Oil & Gas ❑Personal ❑Possessory ❑Producing ❑Residential ❑State Assessed
❑Vacant Land Interest Mines
Actual Value assigned to subject property: $48,071,260 Petitioner's estimate of value: $32,565,760
Estimated time for Petitioner to present the appeal: 240 minutes or 4 hours.
Not less than 30 minutes. Board will allow equal time to County or Property Tax Administrator.
Appearance:
0 Petitioner will be present at the hearing ❑Petitioner will appear by telephone
El Petitioner will be represented by an agent Petitioner is responsible for calling the Board at 303-866-5880
0 Petitioner will be represented by an attorney on the scheduled date and time of hearing(Mountain Time Zone)
All entities must appear under the representation of an attorney licensed in Colorado. Closely held entities, however, require
no attorney if they are represented by an officer of the entity as long as the amount in controversy does not exceed $10,000,
exclusive of costs, interest or statutory penalties. A closely held entity can have no more than three owners. A trust need not
be represented by an attorney as it is not an entity.
Filing Fee:
❑ None Petitioner is appearing pro se (self-represented) and has not fled more than two Petitions with the Board
of Assessment Appeals during this fiscal year(July 1 —June 30).
❑ $ 33.75 Petitioner is appearing pro se (self-represented) and has filed more than two Petitions with the Board of
Assessment Appeals during this fiscal year(July 1 —June 30).
O $101.25 Petitioner will be represented by an agent or by an attorney.
In the space below, please explain why you disagree with the value assigned to the subject property
The property is valued in excess of fair market value based on the three approaches to value;cost,
market and income approaches. In addition,the property is valued in excess of other similarly
situated properties.properties.
/_ 7, fl(y r jfc CA
2007-2955
Required attachments to this form:
0 Assessor's or Property Tax Administrator's Notice of Valuation or Notice of Denial
O Decision of County Board of Equalization, County Board of Commissioners or Property Tax Administrator
Attachments required under certain circumstances:
O A notarized Letter of Authorization if an agent will be representing Petitioner
❑ A list of names, last known addresses and telephone numbers of co-owners or parties directly interested in the subject
property if applicable.
Certificate of Service
I hereby certify that a true and correct copy of the foregoing Petition to the State Board of Assessment Appeals and
attachments were mailed, faxed or hand delivered to:
t7 Board of Equalization
Weld ❑Board of Commissioners
County O State Property Tax Administrator
at the following address: 915 10th Street, Greeley, CO 80632
on 8/30/2007
Date
I hereby certify that a true and correct copy of the foregoing Petition to the State Board of Assessment Appeals and
attachments were mailed, faxed or hand delivered to all co-owners or parties directly interested in the subject property
on
Date
I hereby certify that four (4) true and correct copies of the foregoing Petition to the State Board of Assessment Appeals
and attachments were mailed or hand delivered to the Board of Assessment Appeals at 1313 Sherman Street, Room
315, Denver, CO 80203 on 8/30/2007
Date
(One copy may be faxed to the Board but the original and two additional copies must be mailed or hand delivered.)
Petitioner's Mailing Address is Required Even if Petitioner is Represented by An Agent or Attorney (per C.R.S.
39-8-109)
Signature of Agent E or ey O Signature of Petitioner
Matthew W. Poling Eastman Kodak Company
Printed Name Printed Name
Deloitte Tax LLP, 555 17th St., Suite 3600 3414 N. Duke Street
Mailing Address Mailing Address
Denver, CO 80202 Durham, NC 27704
City, State, Zip Code City, State, Zip Code
Telephone: (303)308-2191 Telephone: (919)382-6612
Daytime number
E-Mail: mpoling@deloitte.com E-Mail:
Attorney Reg. No.: It is the Petitioner's responsibility to notify the BAA of any
change of address.
Petitioners are strongly encouraged to read the Instructions and Rules of the Board of Assessment Appeals prior to
completing this Petition Form. The Instructions and Rules are available on the Web at www.dola.Colorado.gov/baa or
may be requested by phone at 303-866-5880.
NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOI
1400 NORTH 17th AVE
6 W2 26-6-67 EXC BEG AT C4 COR SEC GREELEY,CO 8063:
26 S00D25'E 1320 . 21' TO C S 1/16
PHONE(970)353-3645,EXT.365(
COR TH S89D40'W 138 . 47' TO E BACK www.co.weld.co.u:
OF CURB LN ON LITHOPLATE DR TH ALG
Vi`'D a CURVE OWNER:TOEASTRMAN30 . 05)KODAK COSD CURB N24D531E 52 . 19' TH ALG
COLORADO
DELOITTE & TOUCHE LLP LOG 4029
555 SEVENTEENTH STREET SUITE 3600 PARCEL 080726200008
ACCOUNT R4674207
DENVER, CO 802023942 YEAR 2007
Owner: EASTMAN KODAK CO
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):
Industrial 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
valuatioq(s)assigned to your property. The reasons for this determination of value are:
Jo change has been made to the valuation of this property. Colorado law
:equires us to send this notice of denial for all properties on which we do not
adjust the value.
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
VACANT LAND 7196800 7196800
INDUSTRIAL 40803200 40803200
AG LAND 71260 71260
TOTALS $ $ 48071260 $48071260
APPEAL DEADLINES: REAL PROPERTY-JULY 16,PERSONAL PROPERTY-JULY 20.
f 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;
IIEREFORE,WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING0 6/2 7/2 0 0 7
3y: Christopher M. Woodruff
WELD COUNTY ASSESSOR DATE
ADDITIONAL INFORMATION ON REVERSE SIDE
NOD 207 62 67/07
•
RESOLUTION
RE: THE BOARD OF EQUALIZATION, 2007, WELD COUNTY, COLORADO - DENY
PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE
PETITION OF:
EASTMAN KODAK CO
ATTN CORP TAX DEPT - 1ST FLR
3414 N DUKE ST
DURHAM, NC 27704
DESCRIPTION OF PROPERTY: ACCOUNT#: R4674207 PARCEL#: 080726200008 -W2
26-6-67 EXC BEG AT C4 COR SEC 26 S00D25'E 1320.21' TO C S 1/16 COR TH S89D40'W
138.47'TOE BACK OF CURB LN ON LITHOPLATE DR TH ALG SD CURB N24D53'E 52.19'TH
ALG CURVE TO L(R=130.05)CHORD=N12D20'E 57.14'TH NOD12'W 82.36'TH ALG CURVE TO
L (
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, said petitioner not being 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 $ 24,078,300
Improvements OR
Personal Property 23,992,960
TOTAL $ 48,071,260
2007-2285
��• R� 474,40e7,-,e6--)4 AS0067
o _ o me,'7
RE: BOE - EASTMAN KODAK CO
PAGE 3
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 3rd day of August, A.D., 2007.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
/�'���J
ATTEST: /�'!/r/ EXCUSED
David E. Long, Chair
unty Clerk to the Board
a I f1 G , ` William H. Jerk -Tem
1g61 ,r :Deputy Clerk to the Board and
William F. Garcia
�. fED AS TO FORM:
" EXCUSED
(H yes
Robert D. Masden
U ( CP1
Ass tant C my ,Attorney es
ouglas ademacher
Date of signature: e7/0
2007-2285
AS0067
CLERK TO THE BOARD
rirt
PHONE (970) 356-4000 EXT 4226
FAX: (970) 352-0242
915 10TH STREET
IP.O. BOX 758
DGREELEY, COLORADO 80632
C.
COLORADO
August 2, 2007
Dear Petitioner(s):
The Weld County Board of Equalization, pursuant to Colorado law, has heard your petition
challenging the Assessor's valuation of your property. Enclosed you will find a Resolution of the
Board, explaining the action taken on your petition, as well as your options for appeal.
If you have questions, please do not hesitate to contact me at 356-4000, Ext. 4226.
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Deputy Clerk to the Board
EASTMAN KODAK COMPANY
4020 Stirrup Creek Drive, Ste. 100
Durham, NC 27703
LETTER OF AUTHORIZATION
To Whom It May Concern:
Property Owner Name: Eastman Kodak Co
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 authorized by law.
By: 4,,,,s0,..„4._. gh,..„___
Name: Li nn W T \c ct.
Title: Dlra-c.-1-or - Sake,s , ULcc, Prop.Ttti<
Address: Li02O S-brrtnp Ceres Ac. Dr. , • too
Dm- hewn f NG 211O3
Phone Number: (q(c1) 3%2-" (c)Li 19
Property Description:
Parcel No. Address Jurisdiction State
R4262106 Weld County Colorado
R4674207 9952 Eastman Park Dr. Weld County / ` Colorado
Su ribed and sworn before me this I(Q day of clik � l�/� I
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