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HomeMy WebLinkAbout20062053.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2006, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: TOTAL PETROLEUM INC C/O AD VALOREM TAX DEPT P O BOX 690110 SAN ANTONIO, TX 78269-0110 DESCRIPTION OF PROPERTY: ACCOUNT#: R6167586 PARCEL#: 147106132016 - FTL 15145 L9 THRU L14 BLK21 TWOMBLYS SUB %101 DENVER AVE% 101 DENVER AV FORT LUPTON 80621 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 2006, 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 2006, 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 $ 177,606 Improvements OR Personal Property 322,000 TOTAL $ 499,606 2006-2053 ( /9 P AS0064 __ � � 6-7/ /1)E-79 z)8-Uzi-o6 RE: BOE - TOTAL PETROLEUM INC PAGE 2 BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however,said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's(CBOE's)decision to the Board of Assessment Appeals (BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of$101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.) OR 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located will make the selection. 2006-2053 AS0064 RE: BOE - TOTAL PETROLEUM INC PAGE 3 Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue 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 1st day of August, A.D., 2006. EL SBOARD OF COUNTY COMMISSIONERS WELD OUNTY ORADO �� „ATTEST: _�,{�A �J . Geile, Chair Weld County Clerk to thetZils David E. ong, Pro-T41 BY: Deputy Clerk t. the Board EXCUSED Wi ' m H. Jerke APPROVED AS TO FORM: N-k Ro ert D. Masde Atistant qunty Attornd t141 Glenn Vaad Date of signature: 2006-2053 AS0064 NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. t f a FTL 15145 L9 THRU L14 BLK21 GREELEY,CO 80631 TWOMBLYS SUB %101 DENVER AVE% 101 PHONE(970)J53-7845,FACT.3650 DENVER AV FORT LUPTON 80621 wwwco.weld.eo.ua"gig C OWNER: TOTAL PETROLEUM INC COLORADO TOTAL PETROLEUM INC LOG 819 C/O AD VALOREM TAX DEPT PARCEL 147106132016 P O BOX 690110 ACCOUNT R6167586 SAN ANTONIO, TX 78269-0110 YEAR 2006 Tax Rep: PHILLIPS & AKERS • 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 catcgory(ics): 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 bearings 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 bearings. 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 arc: We have reviewed your property value and feel it is correct . Law requires that all of 2003 and the first 6 months of 2004 data be used to establish current tyourecurrentavaluation. Weahave3deniedeyourpappealsbasedauponlourrresearrchtof his data. • • PETIT'IONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIIVLATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW COMMERCIAL 499606 499606 TOTALS S S 499606 £ 499606 • APPEAL DEADLLNES: REAL PROPERTY-JULY 15,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. Please see the back of this form for detailed information on filing your appeal. 07/12/2006 By: Stanley F. Sessions WELD COUNTY ASSESSOR DATE ADDITIONAL INFORMATION ON REVERSE SIDE Px.xi.n'a1 2006-2053 YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION The County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 5 for real property (land and buildings) and personal property(fumishings, machinery, and equipment). § 39-8-104 and § 39- 8-107(2), C R S. :'ne'e^a °ate 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 17 FOR REAL PROPERTY, AND JULY 20 FOR PERSONAL PROPERTY. WELD COUNTY BOARD OF EQUALIZATION 915 10th Sheet, P.O. Box 758 Greeley, Colorado 80632 Telephone (970)356-4000 Ext. 4225 You will be notified of the time and place set for the hearing of your appeal. Mi a ii 4'/•., N ml1�.Ts,iOfl. 'Gy�^q�jv.1'�3,r�• The County Board of Equalization must make a decision on your appeal and mail you a determination within Eve business days of that decision. The County Board must conclude its hearings and render decisions by August 5. agliBEEZIONNSTMEaRtigWRilraMMI 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): Contact the BAA at 1313 Sherman, Room 315, Denver, Colorado 80203, (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, you must file an appeal with the Board of Assessment Appeals by September 11. 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 rieceSsary. In support of the Petition to the County Board of Equalization of the denial by the County Tax Assessor of the Written letter of Objection and Protest;the Written Letter of Objection and Protest is submitted to the County Tax Assessor and hereby adopted as the basis for the appeal to the County Board of Equalization. Petitioner requests that the County Board of Equalization examine this information and render its decision based upon the written information submitted in support of Petitioners' proposed valuations. Petitioners reserve the right to submit additional documents prior to the hearing. Petitioner's Estimate of Value is$449,659. / 77ii/o6 si,NA I L'RE Uh Pi r1711.,NEk- _ t7A1y Weld County STANLEY F. SESSIONS COUNTY ASSESSOR CHRISTOPHER WOODRUFF, DEPUTY ASSESSOR APPRAISAL REPORT OF COMMERCIAL PROPERTY FOR County Board of Equalization TOTAL PETROLEUM INC PETITIONER Vs. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 1471-06-1-32-016 Schedule Number: R6167586 Log Number: LOGNUMBER Date: 10/01/2006 Time: 10:30 AM Board: CBOE PREPARED BY STEVE MALLETT 07/28/06 Signature Date ASSESSOR'S OFFICE STAFF APPRAISER CBOE_COMM_010998 Page 1 SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value as of 1/1/06 based on an appraisal date of 6/30/04. Property Rights Appraised Unencumbered fee simple interest. Location 101 DENVER AV FORT LUPTON Land Area 21,528 Square Feet Zoning Property Type Commercial 1— Convenience Store Year Built 1986 Year Remodeled 2002 Quality Good Class Wood Frame Number of Stories 1 Improvement Sq. Ft. 2,940 Value Indications: Land $177,606 Cost Approach $ 487,761 Market Approach $ 661,500 Income Approach $ 597,000 Assessor's Value $499,606 CBOE_COMM_070999 Page 2 SUBJECT PHOTO & SKETCH , u i '.51/11.41411, 4. f I_ . n.. a - _ ..• 5• � ,1 .._ ll - i.IIIIIIMMI� 1 r €' ■ w' -�-ice ii Concrete Slab ,,,N(33)21.00 gal tanks 32.0' 50.0' la Cony. Store x Blt 1986 tT Class O o11'wh Canopy Package - Air c(?, 1600.0 sq. tt. 9 84.0' 2940.0 sq. ft. a 0 m U „ Concrete Slab 35.0' Sketch by Apex IV Wndowsl" CBOE_COMM_010998 Page 3 COST APPROACH LAND VALUE Sales utilized to establish the value in the subject neighborhood are from 2003 and the first six months of 2004 for the 2006 assessment date. The comparative sales approach is the most reliable method of land valuation. Pursuant to 39-104-(10.2) (c) C. R. S., the Assessor may utilize sales from July 1999 through June of 2004 to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Weld County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developing value. The subject is a corner lot with a land size of 21,528 square feet. The subject parcel is valued at $8.25 per square foot. Parcel Number Sale Date Sale Price Land Size Per Sq Ft Location Comparable 1 147105224006 05/10/00 $280,000 39,816 $7.03 Corner Comparable 2 147105304003 08/19/04 $460,000 67,679 $6.80 Interior Comparable 3 147105305002 07/22/02 $582,300 64,701 $9.00 Corner Comparable 4 147105308002 10/28/04 $353,000 33,748 $10.48 Corner COMPS AVG: $8.33 COMPS MEDIAN: $8.02 RANGE: $6.80 - $10.48 ASSESSOR'S INDICATED SUBJECT LAND VALUE $177,606 (21,528 sq. ft. at $8.25 per sq. ft.) CBOE_COMM_010998 Page 4 Cost Approach Convenience Store PARCEL NUMBER 147106132016 PROPERTY OWNER Total Petroleum Inc. ADRESS 101 Denver Av CITY, STATE, ZIP Ft Lupton, Co DATE OF SURVEY 06/30/04 OCCUPANCY: Convenience Store NUMBER OF STORIES 1 AVERAGE STORY FLOOR AREA (SQ. FT.) 2,940 HEIGHT 11 CLASS: Wood Frame YEAR BUILT 1986 COST RANK Good EFFECTIVE AGE 2000 HEATING AND COOLING Package Air ESTIMATED LIFE 40 UNITS COST TOTAL RCN BASIC STRUCTURE COST 2,940 $84.05 $247,107 EXTRAS: Concrete Slab 13,480 3.90 52,572 Canopy 1,600 16.75 26,800 TOTAL RCN $326,479 LESS DEPRECIATION 0.05 $16,324 DEPRECIATED COST $310,155 ADD IN LAND VALUE $177,606 TOTAL VALUE BY THE COST APPROACH $487,761 PSF Value $165.91 CBOE_COMM_010998 Page 5 MARKET APPROACH COMPARATIVE SALES OF CONVENIENCE STORES SALE # Subject 1 2 3 Comments Parcel # 147106132016 96105214002 96107123011 95901323002 Address 101 Denver Av 120 N. 8 Ave 1105 16th Street 2803 W 10th St Ft. Lupton North Greeley Greeley Greeley Grantor SDS Enterprises 16 St Total LLC Metro Gas Grantee Sohini Corp Choi Byong Khang Phat Sale Date 12/20/2001 8/3/2004 6/29/2004 Sale Price $450,000 $900,000 1,200,000 Deduct PP -$78,285 -$40,332 -19,600 Location Adj Similar -63,000 -396,000 Adj. Sales Price $371,715 $796,668 $784,400 Land Size 21,528 15,545 17,901 17,810 L/B Ratio 7.32 12.95 5.11 6.60 Bldg SF 2,940 1,200 3,503 2,700 Year BIt 1986/2002 1966 1966 1,987 Convenience Convenience Convenience Use Store Store Store Convenience Store Assessor's Price/PSF $169.93 $309.76 $227.42 $290.52 Comps Avg: $275.90 Comps Median: $290.52 Comps Range: $227.42 - $309.76 Based upon investigation and analysis, it is the opinion of the appraisers that the value of$225.00 accurately reflects the market value of the subject property. VALUE As INDICATED BY THE MARKET APPROACH $661,500 CBOE_COMM_010998 Page 6 1ffi3 px ,,at= a yet CuRa[Mal Land 8 wroaley1551sosF a5moSf AMry To be vacated ry 090 Ina ■ Ana Remo 1991 ' I" oor 110' 5 F1ralFlu50 o'12 1200091 w — ""—� b 14 5' Canopy n0a0 SF ro 24 �l Q 3urde d1t ks Lose o'ea 2Hoseolso aaa' 1930' athiMa Puaow. US N*us Hoy B5 Frontage RE COMPARABLE SALE #1 COUNTY: WELD ACCOUNT R2787486 PARCEL NUMBER: 096105214002 PRIMARY OCC: Convenience Store PERCENT: 100% SECONDARY OCC: PERCENT: ADDRESS: 120 8 AV GREELEY RECEPT NUMBER: 2912600 SALE DATE: 12/20/2001 GRANTOR: SDS ENTERPRISES LTD SALE PRICE: $450,000 GRANTEE: SOHINI CORPORATION AD.)SALE PRICE: $371,715 YEAR BUILT: 1966 CLASS: S EFFECTIVE AGE: LAND/BLDG RATIO: 12.95 LAND SIZE(SF): 15,545 LAND VALUE: $18,654 BLDG SIZE(SF): 1,200 IMPS PRICE/SF: $294.22 WALL HEIGHT: 10 SALE PRICE/SF: $309.76 STORIES: 1 INTEREST RATE: 7.75% BSMNT SIZE: DOWN PYMT: $112,500 BSMNT FINISH: LOAN TERM(YRS): ZONING: GRE IM POINTS PAID: QUALITY: Average COMMENTS: Adjusted sales price for pumping equipment&fixtures. C-Store YOC 1966 in North Greeley.New pumps 2- 2 hose dispensers,tanks 3-10,000 gallon under'grd,canopy 24'x 48',paving,and store interior in 1997. Annual gallonage 637,346,GIM .588 COOE_COMM_010998 Page 7 a O4 4p� Y+r !v COMPARABLE SALE #2 COUNTY: WELD ACCOUNT NUMBER: R3077686 PARCEL NUMBER: 096107123011 PRIMARY OCC: Convenience Store PERCENT: 66% SECONDARY OCC: Car Wash-Automatic PERCENT: 34% THIRD OCC: PERCENT: ADDRESS: 1105 16 ST GREELEY RECEPT NUMBER: 3206645 SALE DATE: 8/3/2004 GRANTOR: 16 ST TOTAL LLC SALE PRICE: $900,000 GRANTEE: CHOI BYONG D ADJ SALE PRICE: $859,668 YEAR BUILT: 1961 & 1996 CLASS: C EFFECTIVE AGE: LAND/BLDG RATIO: 5.1 I LAND SIZE(SF): 17,901 LAND VALUE: $71,604 BLDG SIZE(SF): 3,503 IMPS PRICE/SF: $222.11 WALL HEIGHT: 14 SALE PRICE/SF: $245.41 STORIES: 1 INTEREST RATE: BENT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM(YRS): ZONING: GRE CH POINTS PAID: QUALITY: Average COMMENTS:Adjusted sale for pumping equipment&F F&E, C-Store 2,314 S.F., Canopy 1,760 S.F., 1-12,000 gal.tank&1-6,000 gal.tank,3-2 hose 3 product gas dispensers.Two bay car wash 1,189 S.F.,one automatic drive-thru&one wand bay. CBOE_COMM_010998 Page 8 c ry-int,7 61 p ` CZNYESIENcE STORE 13.B' Flrsl Floor 270O0sq* *'£R MILT 1087 Fse I so ROOF oVaa.II» 1 ill r_, _. .._... ..__. TFOuR FLIES DISPENSERS CANOPY WO HOSE / nn. us'-- 570 es 06012 0000A FlELTASKS 26 0 COMPARABLE SALE #3 "'"°'4"Vt.s‘' COUNTY: WELD ACCOUNT NUMBER: 81753286 PARCEL NUMBER: 095901323002 PRIMARY OCC: Convenience Store PERCENT: 100% SECONDARY OCC: PERCENT: THIRD OCC: PERCENT: ADDRESS: 2803 W 10 ST GREELEY RECEPT NUMBER: 3194943 SALE DATE: 6/29/2004 GRANTOR: METRO GAS&CONVENIENCE STORE SALE PRICE: $1,200,000 GRANTEE: KHANG PHAT INC ADJ SALE PRICE: $1,180,000 YEAR BUILT: 1987 CLASS: D EFFECTIVE AGE: LAND/BLDG RATIO: 6.60 LAND SIZE(SF): 17,810 LAND VALUE: $124,599 BLDG SIZE(SF): 2,700 IMPS PRICE/SF: $370.83 WALL HEIGHT: 15 SALE PRICE/SF: $437.03 STORIES: I INTEREST RATE: BSMNT SIZE: DOWN PYMT: BSMNT FINISH: LOAN TERM(YRS): ZONING: GRE CH POINTS PAID: QUALITY: Good COMMENTS: ADJUSTED SALE FOR PUMPING EQUIPMENT,FF&E PER TD-1000.FOUR FUEL DISPENSERS WITH 2-HOSE EACH,TWO 12,000 GAL UNDERGROUND TANKS. CBOE_COMM_010998 Page 9 INCOME APPROACH INCOME WORKSHEET Parcel : 147106132016 Name: Total Petroleum Inc. Address: 101 Denver Av, Ft Lupton Bldg Sq Ft Use 2,940 Conv.Store Annual Annual Rent per Gross Area Rent PSF Month Income el $ 14.410 $52,920 Less Vacancy & Expenses Vacanc 5% $2,646 630,274 i.: mgmt 3% $1,508 R/R 2% $1,005 16:2l $47,760 Property Value p .r T � s2 (moo 0.080 8587,004 �1 $203.06 P 5 7,000 Net Comparable Comparable Income Rentals Address Per Sq FI Seven Eleven 1600 Lemay Ft Collins $22.55 Diamond Shamrock 1113 Drake Ft Collins $18.11 Convenience Plus 4695 20th St Greeley $22.78 Range of Rents $18.11 - $22.78 NNN Avg $21.15 Median $22.55 TOTAL INCOME VALUE FOR THE SUBJECT PROPERTY $597,000 CBOB CO MM_010998 Page 10 FINAL RECONCILIATION After consideration of the cost, market and income approaches, it is the Weld County Assessor's opinion that the value of$499,606, most accurately reflects the value of the subject property in Weld County for the 2006 tax year. COST MARKET INCOME APPROACH APPROACH APPROACH $470,668 $661,500 $597,000 ASSESSOR'S VALUE Improvements $322,000 Land $177,606 Total: $499,606 COOE_COMM_010998 Page 11 -SHAREHOLDERS- PHILLIPS & AKERS DOUGLAS M.WALLA LYNNE JUREK SHANNON MICHAEL PHILLIPS ATTORNEYS AT LAW KELLY A.DEMPSEY TERRY C.AKERS NEAL D KIEVAL A PROFESSIONAL CORPORATION . TERRY M. D -ASSOCIATES- CHRISTNNA DIJKMAN -DIRECTORS- 3200 PHOENIX TOWER MICHELLE CHELVAM ARMANDO S.CHID DAVID B.EDWARDS 3200 SOUTHWEST FREEWAY MEGRLES V.LES V. LOCKA(NNISS LYNNE m.FORD AUDREY W.LOWETH EVELYN ARTS E RIY HOUSTON, TEXAS 77027-7523 MARJORIE C.NICOL JAMESN AMTTERNY GTON CHRISTOPHER C.ROSAS JAMES P.MCINERNY (713)552-9595 FAX (713)552-0231 www.PhillipsAkers.com July 14, 2006 Via Certified Mail,RRR No. 7002 3150 0004 5695 4942 Weld County Board of Equalization 915 10th Street, P.O. Box 758 -„ Greeley, Colorado 80632 , Re: 2006 Letters of Protest and Objections (RE); Petitions to Weld County Board of Equalization. Dear Sir or Madam: Pursuant to C.R.S. § 39-8-106, we hereby submit the enclosed Petitions to the County Board of Equalization appealing the decisions of the County Tax Assessor regarding the Written Letters of Objections and Protests submitted by Petitioners, copies of which are enclosed to support this appeal. Petitioners request that all hearings before the County Board of Equalization be scheduled in a single time block in order to reduce the amount of time which must be expended by the Board and by this firm in regard to such hearings. In the event the Board of Equalization does not grant, in whole or in part, the appeal from the County Tax Assessor's denial for the property for which the appeal is being made, please note in your records that copies of denials should be mailed to the undersigned. Best Regards, PHILLIPS & AKERS, P.C. ChristoP er C. Rosas CCR 8622.0005 Enclosure(s) Ad Valorem Tax ENERGY CORPORATION Weld County Assessor • Re: Written Letter of Objection and Protest. Dear County Assessor: Pursuant to the provisions of Colorado Resulted Statute § 39-5-122, nbjection and protest is hereby made of the:determination for 2006 property taxes of the actual value and,the assessed value for the real and personal property described as follows(the"Property") Property Address: See Attached Legal Description: See Attached Schedule No.: See Attached The determination of the actual value of the;:Property by the Assesser is.erroneous and otherwise improper because it does not accurately reflect the actual value of the Property for property tax purposes as required by the provisions of C.R.S. § 39-1-1.03 and§394404,as amended. The Setts)value of the Property:should be reduced from the Assessor's actual value of$ See Attached to the conectactual value of the Property as of July 1,2005,which is$ See Attached as determined by the factors described in § 39-1-101 and § 39-1-103, as amended, Dated .M1 r 2006. PROPERTY Y OWNER: See Attached By: AM ONCL'Acla Auth d Representative John Aranda Property Tax Compliance Manager 210-345.2297 LLLn in N N m O m • oLn r m m C f,>aro m f a • W N N N w L t ▪ to • W _.._... __ o m O p N 0 O m_ O O N j tmI) Y N es 0 Y I I Iat IO E E CO . 0 . O NY c Y'E c(O O I. Li 0 E 2 E 2 2 0 to ! ! o Owbi1>co en w o O O too a n v N O a It 'o' m o 0 to to m co CO m CO N 0 b c T O No V e3 ow_[y sN N N 0 W V ON N -m o L E O NI O m E ry,— 'C n°w m a cc y mLs y O m IO N Q J N 2'.J W n I- 2 Tl O O N H m m 3 N W to N m a i4 r U❑ 'm > rc cg w� `W c9 a`rn, 3LLo 0 • w 0- o J -al S W a f W CO CC 0 5'' 0 wI w w ¢ n D. w, • z oI > >. N cc a I I > N z o O' W o Z O 0 N O 0 W W a, a a 3 3 3 o CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us I915 10TH STREET WI P C P.O. BOX 758 GREELEY, COLORADO 80632 COLORADO July 21, 2006 TOTAL PETROLEUM INC C/O AD VALOREM TAX DEPT P O BOX 690110 SAN ANTONIO TX 78269-0110 Parcel No.: 147106132016 Account No.: R6167586 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 1, 2006, at or about the hour of 10:20 AM,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 August4, 2006, and mailed to you on or before August 11, 2006. 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. TOTAL PETROLEUM INC - R6167586 Page 2 Very truly yours, BOARD OF�EQUALIZATION 44® Donald D. Warden Clerk to the Board cc: Stanley Sessions, Assessor PHILLIPS & AKERS 3400 PHOENIX TOWER 3200 SOUTHWEST FREEWAY HOUSTON TX 77027-7523 Hello