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Home My WebLink About20072490.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2007, WELD COUNTY, COLORADO- STIPULATE PETITION OF: WEST COLORADO SQUARE LTD (77.75%) & 4250 W 16 ST#44 GREELEY, CO 80634 DESCRIPTION OF PROPERTY: ACCOUNT#: R0085188 PARCEL#: 095911116024-GR BSN-1 DA ELY 187'TRACT D BLK1 BITTERSWEET NORTH 3636 W 10 ST GREELEY 0 3640 W 10 ST GREELEY 0 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 bythe 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 $ 342,210 $ 342,210 Improvements OR Personal Property 1,536,470 1,107,790 TOTAL $ 1,878,680 $ 1,450,000 WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 2007-2490 AS006 e0 `. /3; (A, iig; e E /Y7c' ($1/4s/07oo7 RE: BOE - WEST COLORADO SQUARE LTD (77.75%) &, R0085188 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 � � � � W�O�TY, COLORADO ATTEST: ill_ ��/l/// o C` 7 ° 1 v`7/// David E. Long, Chair •eld County Clerk to the Board EXCUSED // William H. Jerke�Pro-Tem 1≤3Y._ " 1c / Dgpnty.Clerk to the Board l WI ' F. Garcia t", B S TO FORM: r!f � n ")' II�/ Robert D. asden �Th Assi nt C t Attorne �,9r, «f ,t r ougl Rademach r Date of signature:1� 2007-2490 AS0067 2007 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R0085188 STIPULATION (As To Tax Year 2007 Actual Value) RE PETITION OF : NAME: WEST COLORADO SQUARE LTD ADDRESS: 4250 W 16TH STREET#44 GREELEY, CO. Petitioner(s), WEST COLORADO SQUARE LTD 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: TRACT D BLOCK 1 BITTERSWEET NORTH, AKA 3636 & 3640 W 10TH ST. GREELEY,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 $ 342.210 Improvements$1,536,470 Total $1,878,680 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 342.210 Improvements$1,107,790 E 91 Total $1,450.000 ,e9 `) AUG 0 8 2001 `fivEL D 'vl.UN i• S i LSSOH GPEE1 EV C LORADO ,77OO7-c2 V90 ✓ 4. 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 APPROACH. 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on 8/3/2007 at 1:15 PM be vacated; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate). DATED this 27 day of JULY, 2007. i1/25 [J'/ (-1,-;-, { J c I`1e itioner(s) or Agent Petitioner(s) or Attorney Address: Oe I D,I te h 10 �-I-7 L i - x 5-5-1. rip-. 3 4. , S.',44 iGc Address: I,J/�Pnv-[✓ 1 Ca . IS.11 > L Telephone: ( 303) 3:2 - 4°`+r Telephone: Ce_2: ,S ?Capri County Ass ssor Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 Deloitte. Deloitte Tax LLP Suite 3600 555 Seventeenth St. Denver,CO 80202-3942 USA Ian D.James Tel:+1 303 312 4041 Manager Fax:+1 303 313 0265 Property Tax Services ijames@deloitte.com www.deloitte.com Member of Deloitte Touche Tohmatsu 07/23/2007 14:27 FAX DELOITPE-DENVER a 002/002 NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400.NWRTH 1716 AVID. g12' SNeIra L r 7e itg4cr. 'D BLK1 Istin c7ofo631 J. "BSTTEi1BW8RS S1TuB^ 3636 W 10 •"'in."n°35341141""•SSC' A ST GREELEY 0 SITUS: 3640 W 10 ST wwx•oottaRaaes GREELEY 0 i c1'-21": ad. : a `' , iBPtf t.. W$$T ,C©LORAI)G SQUARE:LTD (77.75%) & • WEST COLORADO SQUARE' LTD' (77.7'5%). &. .id -, - LOG 1253 4250 W 16 ST #44 PARCEL 095911116024 AGREELEY, CO 80634 1 YEAR RUNT 2007 05188 Tax Rep: HERTZKE LAWRENCE & '9%,f7" y41je1-r wl o -to �w"suited by fa, H erases determined that — — ...your pmpaty should be included in the foitowing c tegry(iea]1_ - - - - , y fi_ If your eastern Is the amount of year property twtlallailesaubiluet(I6ady1 sttgAtteiKeane otkrip6eidid istrkh)kids budget". ' burlap is the fill. limn refer to your tax bill or ask your Assessor%r elating lating of these datrieb;sad plan to anted that budget beariap. The Assessor has carefully studied all available intbrmetion;givipgpaflii*.tltmtton to,(ypspaet>ha included on your proton,and he determined the valuation(.)assigned to your property. The reasons for this detwegioBim of value are .. .. The Colorado Constitution requi o re.,al property to be valued based on actual value and assessed at 29 'Reppntement Cost, market, and income are approaches used to determine the act .-valtie of yourproperty. Your valuation is supported by the appraisal proceduives Ike4tired by law. PZTInONER*S__, ,: ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ICgfl tJ4'TE OF VALUE ACTUAL VALUE ACTUAL VALUE CON$4E`RCTAL 1878680 1878880' 5 , T0TAIs .i, a, 7 APPEAL,Dr-An INPR; • tIPERT'Y=ELY 1tP PRO TY-JULY 20:• . .. .. It you dwgroo#wttheAssess r+allaable%WMhive tkeatgk"ttbappSl to dm nutty Boardeat Illialisetie-for tattier eonsideraffo - 139bl06(1Xa),C.R.S. TO PRESERVE YOUR APPEAL RIGHTS,YOU MAY BE REQUIRED TO PROVE THAT YOU FRED A MELT APPEAL; THEItEFORE,WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. 06/25/2007 BY: Christopher At Woodruff WELD COUNTY ASSESSOR DATE ADDITIONAL INFORMATION ON REVERSE SIDE NOD lnarrar, 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. �y ¢ you c oose to appea 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 You will notified of the time and place set for the hearing of your appeal. COUNTY 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 3. TAXPAYER RIGHTS FOR FURTHER APPEALS: 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 Owner: West Colorado Square, Ltd www.dola.colorado.gov/baa Parcel R0085188 095911116024 District Court: 9th Avenue and 9th Street, P.O. Box C c/o Deloitte Tax LLP Greeley, Colorado 80632 555 17th St. Ste 3600 Telephone (970) 356-4000, Ext. 4520 Denver, CO 80202 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 EOUALIZATION In the space below, please explain why you disagree with the Assessor• s valuation. tiv 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. Requested Value: 1,300,000 The property is valued in excess of fair market value based on the three approaches to value: cost, market and income. In addition, the pyoperty, is valued in excess of other similarly situated properties Ian James July 14, 2007 SIGNAL URh cm-PET R (303)312-4041 DATE NOD 207 62 87/07 2850 McClelland Drive INVESTORS Suite 3700 Fort Collins, CO 80525 e ' PROPERTIES Phone 970-226-2600 OF COLORADO, LLC Fax 970-226-2609 Web www.investors-usa.com LETTER OF AUTHORIZATION To Whom It May Concern: Property Owner Name: West Colorado Square Ltd. 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, i authorized by law. By: Name: J B ker, Principa 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 State R0085188 3640 W. 10th Street Weld County Colorado Subscribed and sworn before me this I(4 ' day of "rY , 2.x7 . CJ /L�{� —U0 Notary Public dPS18. G e' 4oTgq} State of f 1 County of %L/I-t/r •''N9 AVBL,G.�. , My commission expires t1 f� laI 2501MY��Foot. EXPIRES FEB.10,2009 "We manage your property as if we owned it." Deloitte . 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 10th 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. R4674207 Eastman Kodak Co R0034492 Amalfi LLC R0034192 Maplewood I Investment LLC Amalfi LLC R0034592 Westlake Office Plaza R0273493 West Colorado Square Ltd . R0085188 If you have questions, or need additional information,please contact Mr. Matt Poling at (303) 308-2191. Sin erely, Q N Kelly R. all Property Tax Associate 70 o o� 111 `c 3m kh in m n0 O oc Enclosures illD rn—i -i ® -? N-< C Member of Deloitte Touche Tohmatsu yia I I I o Ft.® $ 05.72° ...�.,►T'_� 0004218' 38 JUL 1B _)u : • •'_ fit ' MAILED FROM ZIP CODE 8=2'32 7007 0710 0005 2329 2908 Deloitte" Suite 3600 555 Seventeenth St. Denver,CO 80202-3942 USA Weld County Board of Equalization - 91 5 10th Street Greeley, CO 80632 Member of Deloitte Touche Tohmatsu IlIllIl4'rlllI°IIIIIIlrhIlr'II r11illnlllltil!IllIIi CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970) 35 .co.us VVEBSITE: (97 ) 352 0242 915 10TH STREET ' P.O. BOX 758 GREELEY, COLORADO 80632 C. CgI9ADO WEST COLORADO SQUARE LTD (77.75%) & 4250 W 16 ST#44 GREELEY CO 80634 Parcel No.: 095911116024 Account No.: R0085188 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 3, 2007, at or about the hour of 1:15 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. WEST COLORADO SQUARE LTD (77.75%) & - R0085188 Page 2 Very truly yours, B RD OF EQUALI TION Donald D. Warden Clerk to the Board cc: Christopher Woodruff, Assessor POLLING MATTHEW C/O DELOITTE TAX LLP 555 SEVENTEENTH ST SUITE 3600 DENVER CO 80202 Hello