HomeMy WebLinkAbout20052352.tiff •
oF•cozo Colorado Department of Local Affairs
ew Executive Director, Michael L. Beasley
* DIVISION OF PROPERTY TAXATION
* Mary E. Huddleston
*/.976* Property Tax Administrator
Bill Owens
Govenior
TO: County Commissioners qQ
FROM: Mary E. Huddleston N‘l Cp
Property Tax Administrat r
SUBJECT: 2005 Final County Notice of Valuation - State Assessed Property
and Protest Valuation Change Narrative
DATE: August 1, 2005
MEMORANDUM
Enclosed are the final 2005 valuations for state assessed companies. Also included is
a brief narrative explaining changes made to company values as a result of county or
company protests and companies with possible 2005 BAA appeals.
Companies with changes have been marked with an asterisk, «*". Companies that
have been assigned a "Best Information Available" (BIA) assessment, will have the BIA
notation next to their names.
If you disagree with the final valuation of a company that you timely protested in July
2005, you may file a petition on or before September 1, 2005, with the Board of
Assessment Appeals (BAA), 1313 Sherman Street, Room 315, Denver, CO 80203,
(303) 866-5880. You can also access the BAA through its website at
http://dola.colorado.gov/baa/.
Laws concerning the appeal process are found in 39-2-125(1)(b)(I) and 39-4-108(8),
C.R.S.
G:\DPT-GRP\SAP\2005 ASOP Cover Letters\August 1 Commissioner NOV.doc
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1313 Sherman, Room 419, Denver, CO 80203, (303) 866-2371 UM/
TDD (303) 866-5300 FAX (303) 866-4000
2005-2352
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Colorado State Assessed Property
Notice of Valuation- County Summary
August I, 2005
WELD
ID Company Name $Assessed $Actual 5.5%Limit Tabor Actual
TL 569 360Networks(USA),Inc * $36,600 $126,200 $0 $0
TL 676 360Networks(USA2)* $100 $300 $0 $0
TL 570 AboveNet Communications,Inc. $40,500 $139,700 $0 $0
TX 725 Access One* $100 $300 $0 $0
TX 414 ACN Communications Services,Inc $2,800 $9,700 $0 $0
TX 936 Affinity Telecom,Inc. $1,500 $5,200 $0 $0
TX 991 AmeriVision Communications,Inc. $4,000 $13,800 $0 $0
TM 443 Arch Wireless Operating Company $54,500 $187,900 $0 $0
TL 369 AT&T Communications,Inc. * $5,089,800 $17,551,000 $0 $0
PD 306 Atmos Energy Corporation $6,802,400 $23,456,600 $0 $0
EL 067 Basin Electric Power Cooperative $1,064,700 $3,671,400 $0 $0
RR 345 BNSF Railway Company $3,938,700 $13,581,700 $0 $0
PF 312 BP Pipelines(North America),Inc. $127,200 $438,600 $0 $0
TL 031 Broadwing Communications LLC((ka:CIII) $33,700 $116,200 $0 $0
TL 572 Cbeyond Communications,Inc. $21,600 $74,500 $0 $0
PT 324 Cheyenne Plains Gas Pipeline Co.,LLC $11,666,700 $40,230,000 $11,666,700 $2,011,500
....._..........
TM 439 Cingular Wireless LLC _.. $1,238,400 $4,270,300 $0 $0
PT 328 Colorado Interstate Gas Company $23,485,200 $80,983,400 $0 $0
TX 540 ComTech21 LLC _._. $1,700 $5,900 $0 $0
TM 662 Cricket Communications Inc $471,300 $1,625,200 $0 $0
TL 133 Dieca dba:Covad Communications Company $900 $3,100 $0 $0
TX 167 Easton Telecom Services,LLC. $100 $300 $0 $0
TX 159 Evercom Systems,Inc.* _.. $2,100 $7,200 $0 $0
AL 020 FedEx Express $5,400 $18,600 $0 $0
TL 677 France Telecom Long Distance USA,LLC $19,600 $67,600 $0 $0
TX 157 Go Solo Technologies,Inc. $200 $700 $0 $0
RR 355 Great Western Railway of Colorado $1,609,700 $5,550,700 $0 $0
TX 147 GTC Telecom Corp $200 $700 $0 $0
ER 827 Heartland Consumer Power District $116,700 $402,400 $0 $0
ER 085 High West Energy FKA Rural Ek $38,500 $132,800 $0 $0
ER 075 Highline Electric Assn. $5,400 $18,600 $0 $0
TL 655 ICG Equipment,Inc.* $1,900 $6,600 $0 $0
TL 371 ICG Telecommunications,Inc. * $400 $1,400 $0 $0
TX 865 Inter-Tel Net Solutions $7,200 $24,800 $0 $0
PF 326 Kaneb Pipe Line OPLP $246,700 $850,700 $0 $0
TX 249 KDDI America,Inc. $300 $1,000 $0 $0
PT 675 Kerr-McGee Gathering LLC $32,472,700 $111,974,800 $0 $0
PT 920 KM Interstate Gas Transmission LLC $8,948,200 $30,855,900 $0 $0
PD 309 KN Retail _. . $785,400 $2,708,300 $0 $0
TL 500 Level 3 Communications,LLC... $291,200 $1,004,100 $0 $0
TX 545 Liberty Bell Telecom,LLC $500 $1,700 $0 $0
TX 612 Lightyear Network Solutions,LLC $3,000 $10,300 $0 $0
ER 825 Lincoln Electric System $114,900 $396,200 $0 $0
TX 762 Matrix Telecom,Inc. $100 $300 $0 $0
TL 390 MCIWorldcom Network Services,Inc. * $948,800 $3,271,700 $0 $0
TL 366 McLeodUSA Network Services,Inc. $30,100 $103,800 $0 $0
TL 368 McLeodUSA Telecommunications Services, $3,700 $12,800 $0 $0
TM 459 MetroCall,Inc $62,900 $216,900 $0 $0
ER 081 Morgan County Rural Elec Assn $882,400 $3,042,800 $0 $0
7/29/2005 WELD Page 1 of 2
ID Company Name $Assessed $Actual 5.5%Limit Tabor Actual
TM611 Nextel West Corporation $297,000 $1,024,100 $96,800 $66,800
TX 751 Norlight Telecommunications,Inc. $10,900 $37,600 $0 $0
TR 481 Nunn Telephone Company $588,900 $2,030,700 $134,500 $3,300
.........._._.._.....
TX 567 Popp Telecomm $25,600 $88,300 $0 $0
ER 084 Poudre Valley Rural Electric Assn. $2,264,600 $7,809,000 $0 $0
TX 347 Primus Telecommunications,Inc. $13,800 $47,600 $0 $0
........_.._...._.....
EL 064 Public Service Company of Colorado* $102,537,900 $353,579,000 $0 $0
TL 923 Qwest Communications Corporation* $291,500 $1,005,200 $0 $0
TL 393 Qwest Corporation* $20,679,300 $71,307,900 $0 $0
TM 602 Qwest Wireless LLC* $148,100 $510,700 $0 $0
PT 679 Rocky Mountain Natural Gas Company $14,800 $51,000 $0 $0
TR 487 Roggen Telephone Co-op $134,900 $465,200 $0 $0
TL 948 Savvis,Inc $26,000 $89,700 $0 $0
PT 334 Southern Star Central Gas Pipeline,Inc. $1,184,100 $4,083,100 $0 $0
TL 379 Sprint Communications Company LP $542,700 $1,871,400 $0 $0
TM 435 Sprint Spectrum LP dba Sprint PCS $1,216,500 $4,194,800 $0 $0
PT 286 Sterling Energy Company $29,100 $100,300 $0 $0
TR 490 Stoneham Co-op $81,800 $282,100 $0 $0
PF 634 Suncor Energy(USA)Pipeline Company $2,079,200 $7,169,700 $0 $0
TX 684 Talk America,Inc. $14,900 $51,400 $0 $0
TL 583 T-NETIX,INC. ' _... $8,400 $29,000 $0 $0
PT 340 Trailblazer Pipeline Company $3,157,200 $10,886,900 $0 $0
TL 060 Transaction Network Services,Inc. $800 $2,800 $0 $0
TX 613 Tri-M Communications,Inc $400 $1,400 $0 SO
ER 093 Tn-State Gen&Transm Assoc* _.._ $4,217,200 $14,542,100 $49,800 $171,900
RR 361 Union Pacific Railroad Company* $10,521,400 $36,280,700 $0 $0
ER 094 United Power,Inc. * $8,362,200 $28,835,200 $0 $0
TM 455 Verizon Wireless(VAW)LLC $3,034,700 $10,464,500 $215,700 $130,300
TM 449 VoiceStream PCS II aka T-Mobile $1,312,100 $4,524,500 $0 $0
ER 833 Western Minnesota Municipal Power Agency $395,400 $1,363,400 $0 $0
PT 807 Westgas Interstate,Inc. $21,900 $75,500 $0 $0
PF 956 Westtex 66 pipeline Co. $175,600 $605,500 $0 $0
TR 496 Wiggins Telephone Association $135,100 $465,900 $0 $0
TL 562 WilTel Communications Group,Inc. $330,800 $1,140,700 $0 $0
TX 618 Working Asset Funding Service,Inc, $68,300 $235,500 $0 $0
PT 343 Wyoming Interstate Company,Ltd. $7,100,400 $24,484,100 $59,900 $96,600
ER 824 Wyoming Municipal Power Agency $54,000 $186,200 $0 $0
TL 456 XO Communications,Inc. $800 $2,800 $0 $0
TOTALS $271,759,000 $937,100,200 $12,223,400 $2,480,400
7/29/2005 WELD Page 2 of 2
Colorado State Assessed Property - Private Canine
Notice of Valuation - County Summary
August 1, 2005
WELD
ID Company Name $Assessed $Actual
PC 099 ADM Transportation Co $13,300 $45,900
PC 782 AE Staley Manufacturing Co $1,400 $4,800
PC 930 Ag Processing Inc. $2,300 $7,900
PC 180 Air Liquide America Corporatin $500 $1,700
PC 105 Alabama Power Company $41,100 $141,700
PC 596 Alliant Energy $11,100 $38,300
PC 109 American Electric Power Service Corp. $56,500 $194,800
PC 418 American Railcar Leasing LLC $14,000 $48,300
PC 690 American Soda,LLP $20,100 $69,300
PC 181 AMG Resources $100 $300
PC 678 Ansco Investment Company $1,300 $4,500
PC 692 Arizona Electric Power Cooperative,Inc. $39,300 $135,500
PC 279 Bakery Trading Company $100 $300
PC 681 Basell USA Inc. S800 $2,800
PC 225 Bombardier Capital fka NorRail $16,400 $56,600
PC III BP Corporation North America Inc. $200 $700
PC 261 BP Solvay Polyethylene N America $200 S700
PC 125 California Railcar Corp $100 S300
PC 554 Cargill Inc. C.G.D. Division * $3,800 $13,100
PC 941 Cargill, Inc. -Salt Division $1,100 $3,800
PC 553 Cargill, Inc. * $3,200 $11,000
PC 126 Celtran, Inc. * $200 $700
PC 604 Centennial Gas Liquids,LLC $200 $700
PC 131 Chevron Phillips Chemical Co $2,500 $8,600
PC 130 Chevron USA Inc $2,600 $9,000
PC 132 Chicago Freight Car Leasing $9,700 $33,400
PC 791 Citicorp Railmark,Inc. $1,900 $6,600
PC 127 CLECO Power $500 $1,700
PC 705 CLECO Power LLC $300 $1,000
PC 188 Coffeyville Resources Nitrogen Fertilizers,L $300 $1,000
PC 980 Coleto Creek Power, LP * $60,800 $209,700
PC 223 Colorado Lava $900 $3,100
PC 212 Conagra Foods(MHC,Inc.) $4,700 $16,200
PC 040 Conoco Phillips Company $12,800 $44,100
PC 619 Coors Brewing Company $78,300 $270,000
PC 135 CPS Energy $600 $2,100
PC 702 Cryo-Trans, Inc. * $900 $3,100
PC 141 Crystal Car Line $1,800 $6,200
PC 036 Dakota Gasification Company $300 $1,000
PC 142 Delta Tank Line Co $100 $300
PC 273 Dow Chemical Co&Union Carbide $1,400 $4,800
PC 269 Eastman Chemical Company $500 $1,700
PC 797 Empire District Electric Co. $2,700 $9,300
PC 266 Entergy Arkansas,Inc. $9,300 $32,100
PC 174 Entergy Gulf States,Inc. $29,400 $101,400
PC 939 Enterprise Products Operating LP $100 $300
PC 124 EPIC S500 $1,700
PC 148 Equistar Chemicals,LP $400 $1,400
PC 715 Excel Railcar Corporation $4,000 $13,800
7/29/2005 WELD Page 1 of 4
ID Company Name S Assessed $Actual
PC 100 Exelon Generation Company, LLC $2,800 $9,700
PC 151 Exxon Mobil Corporation $2,800 $9,700
PC 033 Farmers Commodities Trans Co $2,300 $7,900
PC 519 Fayette Power Project Unit I &2 $29,300 $101,000
PC 911 Fayette Power Project Unit 3 $7,100 $24,500
PC 220 First Union Rail Corporation ' $39,800 $137,200
PC 718 Flex Leasing $1,500 $5,200
PC 521 FMC Corporation $2,900 $10,000
PC 156 Formosa Transrail Corp $1,200 $4,100
PC 231 Fuel Supply Trust $1,400 $4,800
PC 162 GATX Financial Corp Rail Division $47,600 $164,100
PC 699 GATX Rail Canada fka CGTX $600 $2,100
PC 419 GE Railcar Customers $100 $300
PC 417 General Electric Rail Services $26,700 $92,100
PC 344 Georgetown Rail Equipment Co $4,400 S15,200
PC 960 Georgia Power Company $1,100 $3,800
PC 168 GLNX Corporation $700 $2,400
PC 719 Golden Leasing $100 $300
PC 709 Greenbrier Leasing Corporation $60,000 $206,900
PC 982 Greenfield Logistics,LLC $300 $1,000
PC 550 Helm Financial Corp. $22,200 $76,600
PC 935 Helm Pacific Leasing $100 $300
PC 946 Herzog Contracting Corp. $20,300 $70,000
PC 888 Holnam aka Holcim $14,800 $51,000
PC 664 Intercoastal Leasing $800 $2,800
PC 979 J&J Railcar Leasing LLC * $0 $0
PC 878 J.R. Simplot Co. $8,500 $29,300
PC 280 JAIX Leasing S400 SI,400
PC 592 JJ Rail Car Leasing Ltd $100 S300
PC 909 Joseph Leasing Ltd. $60,100 $207,200
PC 199 Kennecott Utah Copper Corp $4,900 $16,900
PC 900 L.G. Everist, Inc. $4,400 $15,200
PC 987 L.B. Foster $700 $2,400
PC 232 M&C Railcar Leasing, LLC $1,000 S3,400
PC 207 Mallard Transportation Co $100 $300
PC 847 MHF Logistical Solutions $4,700 $16,200
PC 537 Mid-American Energy Co. $8,200 $28,300
PC 403 Midwest Generation,LLC $200 $700
PC 999 Midwest Railcar $400 $1,400
PC 217 Mississippi Power Co $136,800 $471,700
PC 214 Mitsui Rail Capital(fka MRC) $175,000 $603,400
PC 994 Muscatine Power&Water $300 $1,000
PC 152 NashTex Leasing,Inc. $200 $700
PC 422 National Starch&Chemical Company $200 $700
PC 243 Nevada Cement $1,400 $4,800
PC 230 Nevada Power $5,900 $20,300
PC 039 North American Salt Company* $100 $300
PC 945 Northern States Power $35,200 $121,400
PC 173 Nova Chemicals Inc. $800 $2,800
PC 226 Occidental Chemical Corporation $1,100 $3,800
PC 144 OCI Chemical Corporation $300 $1,000
PC 285 Ohio Valley Electric Corporation $5,300 $18,300
PC 910 Oil-Dri Corporation of America $100 S300
PC 227 Oklahoma Gas&Electric Co $100 $300
7/29/2005 WELD Page 2 of 4
ID Company Name $Assessed $Actual
PC 229 Omaha Public Power District $4,200 $14,500
PC 236 PLM International Inc. $3,100 $10,700
PC 983 Portland General Electric Company $400 $1,400
PC 548 Praxair, Inc. $200 $700
PC 240 Procor Ltd $7,100 S24,500
PC 728 Proctor&Gamble Company $600 $2,100
PC 241 Public Service Company of Colorado $90,300 S311,400
PC 242 Public Service Company of Oklahoma $1,100 $3,800
PC 416 Railcar Associates LP $5,200 $17,900
PC 986 Railcar Custom Leasing $100 $300
PC 415 Railcar Leasing LLC $4,400 $15,200
PC 926 Rampart Range Corp. $800 $2,800
PC 250 Relco Tank Line, Inc. * $100 $300
PC 887 Rio Grande Chemical $2,400 $8,300
PC 882 Rocky Mtn Transporation Srvc $600 $2,100
PC 981 Ruddy Tank Car Co $100 $300
PC 691 S.M. Brooks Freight $100 $300
PC 298 Savage-Tolk Energy Services* $231,300 $797,600
PC 200 Searles Valley Minerals $800 $2,800
PC 258 Shell Oil Company $100 S300
PC 253 Sherwin Alumina, LP $100 $300
PC 101 Solvay Chemicals, Inc. 52,100 $7,200
PC 944 Southern Illinois Railcar $1,500 $5,200
PC 339 Southern Rail Associates $100 $300
PC 940 Southern Rail Leasing, Inc. $500 $1,700
PC 333 Southwest Rail Industries, Inc. $2,000 $6,900
PC 255 Southwestern Electric Power Company $3,300 $11,400
PC 042 Structural Metals Inc $200 $700
PC 731 Suburban Propane LP $400 $1,400
PC 989 Sulcom, Inc. $2,000 $6,900
PC 267 Tamak Transportation $100 $300
PC 287 Texas Genco fka Reliant Energy $108,900 $375,500
PC 044 Texas Railcar Leasing $400 $1,400
PC 886 The Andersons, Inc.-Rail Group* $100 $300
PC 875 The Andersons, Inc. * $600 $2,100
PC 143 The CIT Group/Capital Finance $276,800 $954,500
PC 905 The David J. Joseph Co. * $21,200 $73,100
PC 153 Total Petrochemicals USA,Inc. $100 $300
PC 924 Transmatrix, Inc. $200 $700
PC 603 Transport Capital Rail Parners, LLC* $44,600 $153,800
PC 636 Transportation Equipment, Inc. $2,000 $6,900
PC 978 Trinity Chemical Leasing $100 $300
PC 278 Trinity Industries Leasing Company* $51,200 $176,600
PC 346 Trinity Rail Management, Inc. * S49,500 $170,700
PC 275 TTX Company $91,800 $316,600
PC 985 Tube City LLC $400 $1,400
PC 292 TXU Generation Company $29,600 $102,100
PC 196 Tyson Fresh Meats $100 $300
PC 284 Union Tank Car Co $44,200 $152,400
PC 289 Vulcan Materials Co $400 $1,400
PC 201 Well Services of Schlumberger Technology $400 $1,400
PC 954 Westar Energy,Inc. $47,300 $163,100
PC 034 Western Evergreen Inv $2,800 $9,700
PC 294 Western Farmers Elec Co-Op $20,200 $69,700
7/29/2005 WELD Page 3 of 4
ID Company Name $Assessed $Actual
PC 295 Western Fuels Association $3,500 $12,100
PC 903 Western Railroad Equipment Company $100 $300
PC 883 Wisconsin Electric Power $2,300 $7,900
TOTALS $2,366,100 $8,158,300
7/29/2005 WELD Page 4 of 4
STATE ASSESSED PROPERTY SECTION
COUNTY NOTIFICATION
AUGUST 2005
POSSIBLE DISTRICT COURT OR BAA APPEALS 1
STATUS OF PRIOR YEARS BAA FILINGS 2
BEST INFORMATION AVAILABLE(BIA) ASSESSMENTS 2
APPORTIONMENT CHANGES WITHOUT A PROTEST 3
COUNTY PROTESTS 4
COMPANY PROTESTS 15
ADDRESS LIST CHANGES 23
POSSIBLE DISTRICT COURT OR BOARD OF ASSESSMENT APPEALS (BAA)
Companies or representatives that protested and did not receive the changes they
asked for, or want to provide more data to support their position.
Company
AT&T Communications (TL369)
Deer Creek Water Co. (WA121)
Delta Airlines (AL016)
eMeritus Communications (TX444)
Eschelon (TL623)
Excel Telecommunications (TX844)
MCI (TL390)
MCI (TL391)
Metrocall (TM459)
Net2Phone (TX643)
Phillips Pipeline (PF320)
Qwest Wireless (TM602)
Time Warner Telcom (TL408)
Voicestream (TM449)
360Networks (USA2), LP (TL676)
County Notification —August 1, 2005 1
STATUS OF PRIOR YEARS BAA FILINGS
These companies continue to be on file with the BAA.
Company Year Status
Calpoint (TL676) 2004 Pending scheduling: Issue being moved to
local assessment.
eMeritius Comm (TX 444) 2004 Pending review of bankruptcy documents
and new asset values
Excel Telecom (TX 844) 2004 Pending review of bankruptcy documents
and new asset values
Global Crossing (TL369) 2003 Pending review of appraisal and
bankruptcy documents. Stipulation likely
RSL Comm USA (TX835) 2003 Value to be removed by all counties. Letter
to counties to follow
Salt River Project (ER086) 2004 Stipulation on 7/29/2005. Memorandum to
be forwarded to affected counties.
Opex Communications (TX627) 2003 BAA Case, no valuation change. Taxpayer
may file to the Court of Appeals.
Opex Communications (TX627) 2004 BAA Case, memorandum to follow.
Taxpayer may file to the Court of Appeals.
Touch America (TL457) 2004 Pending new financials, bankruptcy
documents.
Valero Logistics Operations LP 2004 Stipulation on 7/22/2005. Memorandum to
(PF322) be forwarded to affected counties. No
2005 protest.
Vartec (TL689) 2004 Pending new financials, bankruptcy
documents.
BEST INFORMATION AVAILABLE (BIA) ASSESSEMENTS
LOOK FOR COMPANY NAMES FOLLOWED BY "(BIA)" ON YOUR COUNTY NOTICE
OF VALUATION.
Company Status
Trans States Airlines (AL772) BIA with no July protest; no abatement possible
Puite Pipeline (PT694) BIA with no July protest; no abatement possible
Net2Phone (TX643) BIA based on failure to file, protest filed
County Notification — August 1, 2005 2
CHANGES WITHOUT A PROTEST
LOOK FOR COMPANY NAMES FOLLOWED BY AN ASTERISK "*" ON YOUR
COUNTY NOTICE OF VALUATION. THESE COMPANIES HAD EITHER A
VALUATION OR AN APPORTIONMENT CHANGE.
Continental Airlines (AL014)
Ground property error; increase to Denver, Eagle, El Paso, Gunnison, Montrose,
and Routt.
ICG Telecommunications, Inc. (TL371)
Property impaired or removed from Pueblo County. No apportionment to county.
Mid-America Pipeline Company LLC (PF319)
Apportionment correction. Mid-America incorrectly apportioned its property to San
Juan. It amended its return on July 12, 2005, and correctly reported this property in
San Miguel County.
Time Warner Telecom of Colorado LLC (TL408)
Leased property added to August Notice of Value resulting in corrected values.
Company has right to appeal in August. Arapahoe County, a corrected total
assessed of $3,295,800 with an actual value of$11,364,800. Denver County, a
corrected total assessed of $395,600 with an actual value of $1,364,100. Douglas
County, a corrected total assessed of $124,900 with an actual value of $430,700.
Tri-State Generation and Transmission (ER093)
Apportionment correction. Company incorrectly apportioned property to Adams and
Weld Counties. Correction was made by company on July 11, 2005, and correctly
reported this property in Adams County. No value change.
Qwest Corporation (TL393)
Apportionment has been assigned for the August Notice of Valuation to Otero
County. It was missing on the July Notice of Valuation. Total assessed assigned is
$3,600 with a total actual value of $12,400 to Otero County.
County Notification —August 1, 2005 3
COUNTY PROTESTS
LOOK FOR COMPANY NAMES FOLLOWED BY AN ASTERISK "*" ON YOUR
COUNTY NOTICE OF VALUATION. THESE COMPANIES HAD EITHER A
VALUATION OR AN APPORTIONMENT CHANGE.
ARAPAHOE COUNTY
BP Pipelines (PF312)
Reduction in projected income due to sale of one-half of company's net operating
property in 2002. Applied 2-year weighted average and rate of return. Company
now reporting 3 allocation methods. This should result in valuation with less
fluctuations between the assessment years to Colorado and the counties. Colorado
allocation dropped from 2.73% (2004) to 1.5% (2005). Arapahoe's allocation
remained approximately the same from 20.3% (2004) to 20.2% (2005).
Allegiance Telecom (TL045)
Assets were acquired by XO Communications in 2004. Assets are being reported
under account number TL456.
eMeritus Telecommunications Inc. (TX444)
Pursuant to on-going bankruptcy activities, this company reported substantially
reduced asset values compared to previous years' returns. However, no supporting
bankruptcy court documents were provided. We assigned a BIA value, based on
previously reported asset values and apportioned all value to Denver County. I am
sure that the company will continue to require we use the lower 2005 reported
values which we will consider when adequate documentation is provided. At that
time, we will also issue revised county apportionments of the final 2005 value that is
determined. eMeritus and Excel are related companies.
Excel Telecommunications Inc. (TX844)
Pursuant to on-going bankruptcy activities, this company reported substantially
reduced asset values compared to previous years' returns. However, no supporting
bankruptcy court documents were provided. We assigned a BIA value, based on
previously reported asset values and apportioned all value to Denver County. I am
sure that the company will continue to require we use the lower 2005 reported
values which we will consider when adequate documentation is provided. At that
time, we will also issue revised county apportionments of the final 2005 value that is
determined. eMeritus and Excel are related companies.
lonex Communications (TX022)
According to taxpayer, incorrect asset costs were reported in 2004 thus making the
2004 value much higher by comparison to 2005. Taxpayer has supplied the
Division with audited financial documents for 2005 and will be seeking an abatement
for the incorrect 2004 assessment.
Cincinatti Bell Any Distance (TX091)
2005 value declined substantially due to taxpayer selling its customer list to CIII
Communications in late 2003 and that the taxpayer is not marketing its long distance
service in Colorado any longer.
County Notification —August 1, 2005 4
KDDI America (TX249)
Large reduction in telephone customer count for Arapahoe County from 18 (2004) to
1 (2005) thus reducing the county apportionment from 27.3% to 3.0%.
Talk America Inc. (TX684)
Large reduction in telephone customer count for Arapahoe County from 715 (2004)
to 227 (2005) thus reducing the county apportionment from 13.9% to 10%. The
drop in customers plus an overall 46% drop in Colorado customers resulted in the
reduction in value.
San Isabel Telecom (TM822)
Company has diverse services and switched to the TL group. Arapahoe County
received an assessment from San Isabel Telecom under TL822.
Touch America, Inc. (TL457)
AT&T acquired the assets of bankrupt Touch America. Assets are being reported
on AT&T Communications annual statement of property - account number TL369.
BOULDER
Excel Telecommunications, Inc. (TX844)
Pursuant to on-going bankruptcy activities, this company reported substantially
reduced asset values compared to previous years' returns. However, no supporting
bankruptcy court documents were provided. We assigned a BIA value, based on
previously reported asset values and apportioned all value to Denver County. I am
sure that the company will continue to require we use the lower 2005 reported
values which we will consider when adequate documentation is provided. At that
time, we will also issue revised county apportionments of the final 2005 value that is
determined.
ICG Telecommunications, Inc. (TL371)
Company filed two gross apportionments to Colorado. DPT requested ICG to
amend its return. Company protested its July notice of valuation. Company is
valued at 100% cost approach at a 100% market to book ratio. Company's
deductions originally denied since no CWIP in Colorado was reported. Company
corrected its reporting and the deduction was granted. For the August Notice of
Valuation, company amended its apportionment and clarified its reporting. August
notice shows Boulder County's apportionment increased from 9.9% to 12.2%.
Assessed valuation is $249,100 with a Colorado actual value of $859,000. This is a
decline from last year's assessment at $353,400.
Level 3 Communications, Inc. (TL500)
Company increased its apportionment from 0.4% in 2004 to 1 % in 2005. Company
is verifying the accuracy of the reporting. If there is an error, we will make any
apportionment correction. Overall, the system value decreased from
$2,251,470,500 (2004) to $1,979,100,000 (2005) with Colorado actual at
$134,787,615 and an assessed value of$39,088,400. Valuation is based 100% on
the cost approach. Income is negative, again. Boulder's assessed value is
$391,800 with a Colorado actual value of $1,351,000.
County Notification —August 1, 2005 5
MCI Worldcom Network Services, Inc. (TL390)
Company protested its valuation. Refer to company protest notes for additional
detail. No change from the July notice of valuation. Valuation is based on cost
approach. Company took a FASB 144 write-down in the October of 2004. Boulder
County apportionment dropped from 1.6% to 1.4% in 2005. System value for MCI
Worldcom Services, Inc. is $146,581,000. Colorado allocation is $136,505,376 and
an assessed value of $39,586,600. Boulder's assessed value is $572,900 with a
Colorado actual value of $1,975,500.
Qwest Corporation (TL393)
State allocation dropped slightly from 21.2% to 20.9% - Net operating property is
down from previous years. Boulder's apportionment has remained unchanged at
5.9% for 2005. Total system value for 2005 is $10,472,130,000 with a Colorado
actual value of$2,054,126,805 and with a Colorado assessed value of
$595,696,800. Valuation is based on both the income and cost approaches to
value. Boulder's assessed value is $35,439,100 with $122,203,800 for the Colorado
actual value. Valuation is based on both the income and approaches to value.
Income and net operating property are down from its peak in 2001.
Trinity Rail Management (PC346) and Savage Tolk Energy Services (PC298)
The tax agent has reconciled the large difference between the property statement
and the railroad reported mileage resulting in a decrease in value to Trinity Rail
Management. Coal carrier Savage Tolk Energy Services decreased due to a speed
study. The idle time for these cars is at the coal mine and the electrical plant.
United Power (ER094)
Apportionment correction. Incorrectly apportioned United Power's property to
Broomfield. Correction was made on July 15, 2005, and correctly reported this
property in Boulder County. No value change.
DOUGLAS COUNTY
Dieca (Covad) (TL133)
The main reason for the decline is Colorado's portion of Dieca's system value fell
from 4.07 % to 2.4 %. The county apportionment remained the same at 2.4% from
2004 to 2005. The assessment is based on the cost approach. The company has
had negative income for over 5 years. The company net operating property dropped
from its peak in 2001 to approximately 21 % of the 2001 asset cost.
Excel Telecommunications (TX844)
Pursuant to on-going bankruptcy activities, this company reported substantially
reduced asset values compared to previous years' returns. However, no supporting
bankruptcy court documents were provided. We assigned a BIA value, based on
previously reported asset values and apportioned all value to Denver County. I am
sure that the company will continue to require we use the lower 2005 reported
values which we will consider when adequate documentation is provided. At that
time, we will also issue revised county apportionments of the final 2005 value that is
determined.
County Notification —August 1, 2005 6
ICG Telecom (TL371)
Company filed two gross apportionments to Colorado. DPT requested ICG to
amend its return. Company protested its July notice of valuation. Company is
valued at 100% cost approach with a 100% market to book ratio. Company's
deductions originally denied since no CWIP in Colorado was reported. Company
corrected its reporting and the deduction was granted. For the August Notice of
Valuation, company amended its apportionment and clarified its reporting. August
notice shows Douglas County's apportionment the same as last year at 0.3%.
Assessed is $6,500 with a Colorado Actual value of $22,400. This is a decline from
last year's assessment at $10,100 for the county.
Savvis (TL948)
Former company Cable and Wireless went bankrupt. The new numbers being
reported by Savvis is what is on its books for the purchase of a portion of Cable and
Wireless's assets.
Sprint Spectrum (TM435)
An inquiry has been made with the company about new property information. We
will have it resolved next month.
EL PASO COUNTY
Skywest (AL561)
The decline in Colorado hours were due to routing changes, resulting in fewer air
hours. The maintenance facility in Colorado Springs became fully operational at the
end of the year.
ELBERT COUNTY
Smoky Hill Cellular of CO LP (TM805)
Error in the allocation of income to the exempt FCC licenses; the value increases.
LA PLATA
Atmos Energy Corporation (PD306)
Atmos Energy apportionment to the County dropped from 13.2% to 12.6% from
2004 to 2005. La Plata County apportionment is $2,252,700 assessed value with a
Colorado actual value of $7,767,900. Last year's assessment was $2,435,700 for
the county. Last year's system value was $1,218,841 and increased to a system
value of$1,336,487,000. The Colorado allocation, however, dropped from 5.44% to
4.8% for 2005 resulting in a decrease in the Colorado statewide value to
$61,863,106. Atmos has an assessed value of $17,940,300 for the August Notice
of Value.
MESA COUNTY
Colorado RSA 3 LP (TM809)
Error in the allocation of income to the exempt FCC licenses; the value increases.
County Notification —August 1, 2005 7
MOFFAT COUNTY
Salt River Project (ER086)
Moffat County protested the value, specifically the Colorado deductions. Protested
the accuracy of construction work in progress (CWIP) deductions. Company
responded to questions posed by Moffat County indicating several errors that have
been addressed and the appropriateness of a number CWIP entries. Increase in
value resulted from erroneous reporting of CWIP by 35% from July 1 NOV.
MORGAN COUNTY
MCI Worldcom Network Services, Inc. (TL390)
Company protested its valuation. Refer to company protest notes for additional
detail. No change from the July notice of valuation. Valuation is based on cost
approach. Company took a FASB 144 write-down in the October of 2004.
Additionally, Morgan county's apportionment dropped from 1.4% to 0.9%. System
value for MCI Worldcom Services, Inc. is $146,581,000. Colorado allocation is
$136,505,376 and an assessed value of $39,586,600. Morgan county's portion of
the assessment is $351,700 with an Colorado actual value of $1 ,212,800.
MONTROSE COUNTY
AT&T Communications (TL369)
The Colorado allocation percentage value fell from 3.1% in 2004 to 2.62 % for 2005.
The apportionment to Montrose also dropped from 0.1% to 0.03%. Total System for
2005 is $10,896 Billion with a Colorado value of $268,030,891 and an assessed
value of$77,729,000 for the Colorado. Montrose's assessed valuation for 2005 is
$26,500 with $91,400 for the Colorado actual value. Overall, AT&T system
valuation dropped from the prior year from $11,652 Billion last year. The company's
income has continued to decline along with large amount of"dark" (unused) fiber in
the state of Colorado. For additional information, see company protest. In 2006,
AT&T will be part of SBC's filing.
Express Jet (AL015)
Decreased due to less activity in Montrose County. Landings as a percent of total in
the state went from 10.5% to 6.1%.
KN Retail (PD309)
Colorado allocation percentage changed from 30.38% in 2004 to 27.7% in 2005.
Total System valuation for company is $148,850,000 with a Colorado value of
$26,872,788, and an assessed of $7,793,100. Apportionment to Montrose
increased from 11.6% to 12%. Montrose assessed valuation for 2005 is $936,700
with $3,230,000 for the Colorado actual value. Income has dropped by
approximately $3 million from 2002. For 2005, the assessment is based on both the
income and cost approaches to value. KN Retail had a large CO CWIP deduction
for 2005, it is anticipated that once this property comes on line the assessment
should increase.
County Notification —August 1, 2005 8
Mesa Air Group (AL663)
No value because the company did not report any landings. We both should ask
the airport for a landing report to understand airport activity. Some regional airlines
may fly under their own name as well as under a major airline's name, and may
change that affiliation from year to year.
NTCH-Colorado (TM532)
No new property because the company acquired towers from American Tower that
reportedly were locally assessed the prior year.
Qwest Corporation (TL393)
State allocation dropped slightly from 21.2% to 20.9% - Net operating property is
down from previous years. Montrose's apportionment remained unchanged from
last year at 0.6%. Total system value for 2005 is $10,472,130,000 with a Colorado
actual value of $2,054,126,805 and with a Colorado assessed value of
$595,696,800. Valuation is based on both the income and cost approach to value.
Montrose's assessed value is $3,828,100 with $13,200,300 for the Colorado actual
value. Income and net operating property are down from their peak in 2001.
TransColorado Gas Transmission (PT311)
Montrose's apportionment is up slightly from 22.4% to 22.7% from 2004 to 2005.
System valuation at $122,190,000 with a Colorado actual value at $108,946,645,
and an assessed value of $31,594,500. Last year's state assessment was
$27,536,100. Montrose's assessment for 2005 is $7,163,000 with a Colorado Actual
Value of $24,700,000. The taxpayer reported the Increase is a new pipeline so the
increase is personal property. Therefore, there is no Tabor or 5.5% Limit Growth. If
you notice a building structure or some other realty, please advise the DPT.
Rocky Mountain Natural Gas Co (PT679)
Montrose's apportionment increased from 4.5% to 15.2% from 2004 to 2005.
Valuation increase to Montrose is from a new pipeline system. This was verified
with the taxpayer on 5/9/2005. System valuation is $67,343,000 with a Colorado
actual valuation of $51,974,505 and a statewide assessment of $15,072,600.
Montrose's assessment is $2,291,500 with a Colorado actual value of$7,901,700.
Company states no reality and all new property is pipeline, which is all personal
property. If you notice a building structure or some other realty, please advise the
DPT. Since the new pipeline system is all personal property, there is no 5.5% limit
or Tabor Growth.
Union Pacific Corporation (RR361)
Value declined due to a drop in operating income and the allocation factor. The
company is having logistical problems again, and reclassified some of the in-state
track with Surface Transportation Board. The reclassification reduced the state
allocation of the unit value from 4.5 percent to 4.3 percent.
MORGAN COUNTY
American Soda LLP (PC690)
Value decreased due to car depreciation, and the mileage in the state decreased
from 4,811,395 to 2,139,036.
County Notification —August 1, 2005 9
MCI Worldcom Network Services, Inc. (TL390)
Company protested its valuation. Refer to company protest notes for additional
detail. No change from the July notice of valuation. Valuation is based on cost
approach. Company took a FASB 144 write-down in the October of 2004.
Additionally, Morgan county's apportionment dropped from 1.4% to 0.9%. System
value for MCI Worldcom Services, Inc. is $146,581,000. Colorado allocation is
$136,505,376 and an assessed value of $39,586,600. Morgan county's portion of
the assessment is $351,700 with an Colorado actual value of$1,212,800.
Platte River Cellular (TM802)
Error in the allocation of income to the exempt FCC licenses; the value increases.
Transport Capital Rail Partners (PC603)
Value decreased due to car depreciation, and the mileage in the state decreased
from 27,411,045 to 8,940,779.
PARK COUNTY
Colorado 4 Park LP (TM798)
Error in the allocation of income to the exempt FCC licenses; the value increases.
PHILLIPS COUNTY
Affinity Telecom (TX396)
We have no Affinity Telecom (TX396) listed in our database. Affinity Telecom
(TX936) reported only one customer in Phillips County. Because of the lower 2005
value as compared to 2003 and apportionment rounding to the nearest $100, no
value was placed in any county, including Phillips County, having less than three (3)
customers.
eMeritus Telecommunications Inc. (TX444)
Pursuant to on-going bankruptcy activities, this company reported substantially
reduced asset values compared to previous year's returns. However, no supporting
bankruptcy court documents were provided. We assigned a BIA value, based on
previously reported asset values and apportioned all value to Denver County. I am
sure that the company will continue to require we use the lower 2005 reported
values which we will consider when adequate documentation is provided. At that
time, we will also issue revised county apportionments of the final 2005 value that is
determined. eMeritus and Excel are related companies.
Excel Telecommunications Inc. (TX844)
Pursuant to on-going bankruptcy activities, this company reported substantially
reduced asset values compared to previous years' returns. However, no supporting
bankruptcy court documents were provided. We assigned a BIA value, based on
previously reported asset values and apportioned all value to Denver County. I am
sure that the company will continue to require we use the lower 2005 reported
values which we will consider when adequate documentation is provided. At that
time, we will also issue revised county apportionments of the final 2005 value that is
determined. eMeritus and Excel are related companies.
County Notification —August 1, 2005 10
Haxtun Telephone (TR 478)
Company has reported a consistant drop in net operating property for last 4 years.
Except for 2004, net operating income returns for that 4 year period are extremely
low (<3%), For 2005, company was valued at 100% of cost approach. For 2006,
we will review the valuation methodology for this company to determine whether the
large increase in NOI for 2004 is sustainable and how to integrate the income
approach into the valuation methodology.
KN Retail (PD309)
Colorado allocation percentage changed from 30.38% in 2004 to 27.7% in 2005.
Total System valuation for company assigned is $148,850,000 with a Colorado
value of $26,872,788, and an assessed of $7,793,100. For 2005, the assessment is
based on both the income and cost approaches to value. KN Retail had a large CO
CWIP deduction for 2005, it is anticipated that once this property comes on line the
assessment should increase. Income has dropped by approximately $3 million from
2002. Apportionment to Phillips County decreased slightly from 0.8% to 0.7% from
2004 to 2005. Phillip's County assessed valuation for 2005 is $56,400 assessed
with a Colorado actual of $194,500.
FedEx Express (AL020)
$100 assessed last year to $0 this year due an apportionment percentage of 0.01%
that rounds to $0.
Platte River Cellular (TM802)
Error in the allocation of income to the exempt FCC licenses; the value increases.
PROWERS COUNTY
Public Service (EL064)
Prowers County protest on new sub-station valuation. Public Service originally
informed us that there was no real property at the sub-station. Then provided a
number that seemed low. From photos, measurements, and cost calculations from
Prowers County, we determined that there is some realty and an amount is
attributable to the real property. An adjustment is reflected on the County's August
Notice of Valuation for the 5.5% Limit and Tabor Growth was calculated. Public
Service may provide actual book and record figures if estimate is overstated.
RIO BLANCO COUNTY
FedEx Express (AL020)
$100 assessed last year to $0 this year due an apportionment percentage level of
0.0002% that rounds to $0.
Evercom Systems, Inc. (TX159)
Completed ASOP received after July 1, 2005. Company protested requesting
revised value calculated in accordance to information provided on ASOP. Values
were revised pursuant to filed ASOP information. Applicable county apportionments
were made using the revised information.
County Notification — August 1, 2005 11
Excel Telecommunications Inc. (TX844)
Pursuant to on-going bankruptcy activities, this company reported substantially
reduced asset values compared to previous year's returns. However, no supporting
bankruptcy court documents were provided. We assigned a BIA value, based on
previously reported asset values and apportioned all value to Denver County. I am
sure that the company will continue to require we use the lower 2005 reported
values which we will consider when adequate documentation is provided. At that
time, we will also issue revised county apportionments of the final 2005 value that is
determined.
Lightyear Network Solutions (TX612)
Completed ASOP received after July 1, 2005. Company protested requesting
revised value calculated in accordance to information provided on ASOP. Values
were revised pursuant to filed ASOP information.
MCI Worldcom Network Services, Inc. (TL390)
The company did not report any property in Rio Blanco for 2005. We have asked
the taxpayer to see if it still operates and owns property in your county. If an
apportionment adjustment is warranted, it will be made in August.
Talk America Inc. (TX684)
No customers reported for this company in Rio Blanco County during 2004.
Therefore, no value was apportioned to Rio Blanco for 2005.
Working Assets Funding (TX618)
No customers reported for this company in Rio Blanco County during 2004.
Therefore, no value was apportioned to Rio Blanco for 2005.
SAN JUAN COUNTY
Mid-America Pipeline Company LLC (PF319)
County protest resulting in an apportionment correction. Mid-America incorrectly
apportioned its property to San Juan. It amended its return on July 12, 2005, and
correctly reported this property in San Miguel County.
SAN MIGUEL COUNTY
Bridal Veil Falls (EN308)
Value decreased due to taxpayer presenting evidence of obsolescence regarding
water usage restrictions provided by court order.
Durango Cellular (TM815)
The company has added more property in other counties. The apportionment
percentage decreased from 12.2% to 8.8%.
County Notification —August 1, 2005 12
KN Retail (PD309)
Colorado to system value changed from 30.38% in 2004 to 27.7% in 2005.
Total System valuation for company assigned is $148,850,000 with a Colorado
value of $26,872,788, and an assessed of $7,793,100. For 2005, the assessment is
based on both the income and cost approaches to value. KN Retail had a large CO
CWIP deduction for 2005, it is anticipated that once this property comes on line the
assessment should increase. Income has dropped by approximately $3 million from
2002. Apportionment to San Miguel decreased slightly from 6.4% to 6.2%. San
Miguel's assessed valuation for $482,400 assessed with an actual value of
$1,663,400.
Mid-America Pipeline Company LLC (PF319)
Apportionment correction. Mid-America incorrectly apportioned its property to San
Juan. It amended its return on July 12, 2005, and correctly reported this property in
San Miguel County. The 2005 valuation is based on both the cost and income
approaches to value. The system value is $472,308,000 with a Colorado actual
value of $38,277,342, and an assessed value of $11,100,400. San Miguel's portion
of the assessment remained the same at 1.5%. The 2005 August Notice of
valuation reflects $162,500 assessed and $560,300 actual value.
Rocky Mountain Natural Gas (PT679)
The system value increased from $61,452,100 in 2004 to $67,343,000 in 2005. The
apportionment, however, to San Miguel decreased from 9.4% to 7.3% for 2005.
The Colorado actual is $51,974,505 and a Colorado assessed of$15,072,600. San
Miguel's assessed value is $1,095,000 with a Colorado actual value of $3,775,900.
Valuation based on the income and cost approaches to value.
San Isabel Telephone (TL822)
Apportionment dropped slightly from 2.3% to 2.2%. Company provides a mix of
telecommunication's services. It was reclassified from a mobile telephone to a
fixed-based telecom in 2005. Net operating income has been negative for over 5
years. Net operating property is also down. Valuation is based on the cost
approach. San Miguel's assessed value is $12,300 with an actual value of $42,400.
The company System value is 42,630,000 with a Colorado Actual value of
$1,958,436 and an assessed value of$567,900.
Qwest Corporation (TL393)
State allocation dropped slightly from 21.2% to 20.9% - net operating property is
down from previous years. San Miguel's apportionment remained the same a 0.3%
for 2005. Total system value for 2005 is $10,472,130,000 with a Colorado actual
value of$2,054,126,805 and with a Colorado assessed value of$595,696,800.
Valuation is based on both the income and cost approach to value. San Miguel's
assessed value is $1,558,900 with $5,375,500 for the Colorado actual value.
Income and net operating property are down from their peak in 2001.
County Notification —August 1, 2005 13
WASHINGTON
Y-W Electric (ER097)
Decrease in value without increase in value of Tri-State Generation and
Transmission. Y-W Electric sold property to Tri-State Generation and Transmission
in 1997 and removed it from company books in 2004. Y-W Electric and Tri-State
Generation and Transmission carried property on books simultaneously.
Notification made to both Washington and Yuma Counties concerning double
assessment since 1997. No value change.
Tri-State Generation and Transmission (ER093)
Increase in value without decrease in value of Y-W Electric. Y-W Electric sold
property to Tri-State Generation and Transmission in 1997 and removed it from
company books in 2004. Y-W Electric and Tri-State Generation and Transmission
carried property on books simultaneously. Notification made to both Washington
and Yuma Counties concerning double assessment since 1997. No value change.
YUMA
Y-W Electric (ER097)
Decrease in apportionment without increase in apportionment of Tri-State
Generation and Transmission. Y-W Electric sold property to Tri-State Generation
and Transmission in 1997 and removed it from company books in 2004. Y-W
Electric and Tri-State Generation and Transmission carried property on books
simultaneously. Notification made to both Washington and Yuma Counties
concerning double assessment since 1997. No value change.
Tri-State Generation and Transmission (ER093)
Why no increase in apportionment with decrease in apportionment of Y-W Electric.
Y-W Electric sold property to Tri-State Generation and Transmission in 1997 and
removed it from company books in 2004. Y-W Electric and Tri-State Generation
and Transmission carried property on books simultaneously. Notification made to
both Washington and Yuma Counties concerning double assessment since 1997.
No value change.
County Notification — August 1, 2005 14
COMPANY PROTESTS
LOOK FOR COMPANY NAMES FOLLOWED BY AN ASTERISK "*" ON YOUR
COUNTY NOTICE OF VALUATION. THESE COMPANIES HAD EITHER A
VALUATION OR AN APPORTIONMENT CHANGE.
AIRLINE COMPANIES (AL):
Comair (AL017)
No changes in the valuation factors were made.
Delta Air Lines (AL016)
No changes in the valuation factors were made.
Atlantic Southeast Airlines (AL018)
No changes in the valuation factors were made.
Mesa Air Group (AL663)
The company had locally assessed property included in the statement of property.
Deducting the locally assessed property, the value decreased.
ELECTRIC COMPANIES (EL):
Public Service Company of Colorado (EL064)
Valuation decline. Wind farm was inadvertently added twice. Adjustment made.
Used estimate from Prowers for 5.5% limit and Tabor Growth for new sub-station.
Also added for other reality (fencing and paving).
ENERGY COMPANIES (EN):
Brush Cogeneration Partners (EN947)
Company amended its reported contributions in aid to construction (CIAC) figure
that was double counted. Company protested heatrate obsolescence factor and
asked for additional obsolescence based on spot fuel risk at higher operational
levels given contract fuel nominations and capacity payment loss. Company would
like to see a return to income shortfall method for computing obsolescence.
Company would like to see similar value to 2004. Company indicated that 2002 NOI
was an anomaly. Company provided pro forma versus actual figures for 2004
indicating large operating losses. Changed to two year weighted income and added
additional operational obsolescence. Value declined by 37% from July 1 NOV.
Colorado Green Holdings, LLP (EN065)
Company protested 2005 Wind Farm Threshold Analysis. Company maintains that
calculation of difference in capacity factor should be based on percent change
rather than linear subtraction, that production capacity between wind farm and
natural gas plant should be expanded to larger region and be confined to plants of
50% capacity factors and higher, that part of the study should be adjusted for
Colorado Green size, and that combined cycle plants aren't comparable based on
their efficiency. Company suggests accepting $701 base cost but adjusting the cost
by a 50% capacity factor. Made change in methodology to base cost with size
adjustment to correct error. Overall indicator of wind farm base threshold declined
from $655/kW to $612/kW. Value declined by 14% from July 1 NOV.
County Notification —August 1, 2005 15
Ptarmigan Resources & Energy, Inc. (EN635)
Company protested 50% weighting of Cost and Income approaches, the imputed
NOI, market ROR and lack of obsolescence. Company previously was allocated
obsolescence based on a 40% market to book ratio. No documentation in file for
obsolescence so therefore none was granted. Given positive NOI in 2004 returned
to 50% weighting of Cost and Income from 100% Cost method. Changed imputed
income to a four year simple average NOI and NOP and excluded extraordinary loss
in NOI and NOP reported in 2002. Imputed a 5% ROR and used an income
shortfall method to obtain obsolescence. Value declined by 56% from July 1 NOV.
Thermo Greeley, LLC (EN318)
Company protested heatrate obsolescence factor and 100% cost approach
weighting. Value increasing year over year. Company would like to see similar
value to 2004 stipulation agreement. Company provided pro forma figures for 2005
indicating declining income. Company is one of two QF facilities. Changed
weighting to 50% Cost and 50% Income. Value declined by 8.5% from July 1 NOV.
Thermo Cogeneration (EN867)
Company protested 50% Cost and 50% Income weighting, indicated that the cap
rate was not indicative of the plant's age. Asked for revised cap rate of 13% to 15%
and stepped weighting to 50% beginning with 10% Cost and 90% Income. DPT
recognized above market capacity payment income in July 1 valuation. No change
in value.
MOBILE TELEPHONE COMPANIES (TM):
Metrocall (TM)
No changes in the valuation factors were made.
Qwest Wireless (TM)
Qwest Wireless provided a revised estimate of booked values for its property.
Qwest steadily decreased service on its wireless network and started reselling Sprint
services in 2004. Verizon acquired most of the system-wide Qwest Wireless
property in March 2005, and will probably file at the BAA. The Verizon property
acquisition study, excluding the FCC licenses, is about 13 percent of the Qwest
Wireless booked value.
Voicestream (TM)
No changes in the valuation factors were made.
PIPELINES - DISTRIBUTION (PD):
No distribution pipelines filed a July protest.
PIPELINES — FLUID (PF):
Chevron Pipe Line Company (PF314)
Company submitted written protest for July. Company requests consideration of
income approach to value. July Notice of Valuation is $453,800. Last year's value
is $478,100. With consideration given to the income approach to value, the August
Notice of valuation is $443,100. Market to book at 63.2%.
County Notification —August 1, 2005 16
Phillips Pipeline (PF320)
Valuation decrease. Company reported its CWIP twice requested it be corrected.
Also, requested an adjustment to projected rate of return. Correction made for
CWIP. No adjustment made to the rate of return. WestTex66 Pipeline (PF956) will
be part of this return next year. July notice of valuation at $2,902,700 assessed,
August notice of valuation at a slight decrease to $2,870,200 assessed.
WesTTex 66 Pipeline Company (PF956)
No valuation change. Requests change in allocation method weighting. Value only
increased from $818,200 to $849,500 assessed. For equity and uniformity in our
approach, the protest was denied. For 2006, this company is being merged with
(PF320) Phillips Pipeline. There will be only one filing next year.
Southern Star Pipeline (PF314)
No valuation change. Increase to value from last year was explained to taxpayer's
representative and the company representative was satisfied with the explanation.
PIPELINES -TRANSMISSION (PT):
No transmission pipelines filed a July protest.
TELECOMMUNICATION - FACILITIES BASED COMPANIES (TL):
AT&T Communications (TL369)
Valuation decline. July protest, taxpayer has requested consideration of the income
approach to value along with supplying support to its reported deductions. July
Notice of Valuation at 13.4 Billion with 2004 system at 11.6 Billion. With
consideration of income approach to value and the removal of the one-time FASB
adjustment, income is positive with accepting the deductions, the August system
with 50%-50% weighting on cost and income brings value to $10.896 Billion for
system. Using a 2-year weighted income and the industry rate of return. Since the
company books and records are based on a FASB write down, no additional
obsolescence was allowed. Colorado apportionment falls due to allocation dropping
from 3.1 % to 2.62% from 2004 to 2005 respectively. New for next year, AT&T has
merged with SBC Telecom. Company acquisition was at the parent level and
included synergies of both companies and international and other operations.
Company did not receive the valuation it asked for and may file to the BAA.
CenturyTel Fiber Company II, LLC (dba: Lightcore) (TL642)
Valuation decline. Company amended its return by completing page 7 of the annual
statement of property. Requested an adjustment for obsolescence based on dark
fiber. Last year's Colorado's actual value was $909,956. July Notice of Valuation is
$1,224,738. August Notice of Valuation adjusted to $939,184 which is a slight
increase from the 2004 final value.
County Notification —August 1, 2005 17
Comcast Phone of Colorado (TL672)
No valuation change. Company protested and then withdrew the appeal.
Representative wanted to make sure we were aware of phone customers being
converged into VIOP once it rolls out this fall. The company will most likely be a new
entity but that it is unclear at this time. I relayed that any new developments to the
company after January 1st of this year would affect next year's valuation. I was told
that the representative would keep me informed.
Eschelon Telecom, Inc. (TL623)
Valuation decline. July valuation was based on information Eschelon reported in its
annual statement of property. July protest, taxpayer advised the DPT that expenses
are not pushed down to the subsidiary level over-inflating the reporting and
Colorado valuation. For the August Notice of Valuation, valued company using
100% cost approach. Colorado Actual value for 2005 is $14,183,787 with an
assessed value of $4,113,300. Company only provided information at the parent
level. Company will need to file to BAA if it wishes any adjustment for
obsolescence. No obsolescence report or expense analysis at the reporting or
Colorado level provided. Prior year BAA protest is pending with Denver County for
the 2004 tax year when the assessment was valued locally. Docket number is
44422. No hearing date is set.
ICG Telecommunications, Inc. (TL371)
No valuation change — apportionment correction. Company protested its July notice
of valuation. Several counties also protested. The company's only issue was its
CWIP deduction. It withdrew all other issues and amended its return to correctly
deduct for CWIP. Company is valued at 100% cost approach at 100% market to
book ratio. For the August Notice of Valuation, county allocation numbers were
corrected to historic (gross) pre-write down numbers minus and deletions and
impairments plus any additions. Most counties' apportionment changed. Pueblo
County's apportionment was removed.
ICG Equipment, Inc. (TL655)
Valuation decline. Company amended its return. During the July protest hearing it
was discovered that the company is a leasing company that only leases equipment
to two of its sister companies. Of the two sister companies only one is located in
Colorado (ICG Telecom, LLC) and the other is not (Choice Communication). The
company representative states the reason this entity was set up was since the
parent company was in bankruptcy it could not secure more debt. So, it set up ICG
Equipment, Inc. as a separate entity.
Company's amended return includes reporting property that has been destroyed or
removed and correcting its apportionment. Property has been removed or
destroyed in Arapahoe County (SS7/STP) - $136,850, Denver County (SS7/STP) -
$413,814, and Jefferson County (Voice Switch) - $934,142. Apportionment
corrected to historic (gross) pre-FASB 2004 numbers minus 2004 reported demos
and deletions in counties for 2005. Company did not report any new additions for
2005. County allocation changes from removal of property are:
Arapahoe: 5.03 °/0 to 2.4% (decrease)
Denver: 29% to 29.9% (increased due to allocation)
Jefferson: 26.9% to 0.2% (major decrease)
County Notification —August 1, 2005 18
MCI (TL390)
No valuation change. The company may file to the BAA. Company protested
imputing intangibles from parent company to reporting and Colorado. Reduction
denied. No valuation change. Apportionments were corrected. Company was
acquired by Verizon early this year and should be filed by Verizon next year.
MCI (TL391)
No valuation change. The company may file to the BAA. Company protesting
imputing intangibles from parent company to reporting and Colorado. Reduction
denied. Company was acquired by Verizon and should be filed by Verizon next
year.
Northern Colorado Telecom (TL733)
July BIA assessment. August Notice of valuation from completed return.
Deductions denied not supported. Company may file to BAA.
SES Communications (TL402)
Removed from State Assessed should be Locally Assessed. Company does not
provide 2-way communication. SES is a provider of satellite services to commercial
broadcasters, who in turn, distribute programming to cable distributors. SES
Americom Colorado, Inc. has property in Mesa County, and Americom Government
Services, Inc. has property in El Paso County. However, Boulder, Denver, Larimer,
and Mesa had property assessed from the state in 2004. There may be duplicate
assessments from 2004. The DPT will be assisting the four counties listed in
August to determine if double assessment exists for 2004. There is no August
Notice of Valuation for this company. This company should be picked up by
Boulder, Denver, Larimer, and Mesa Counties as omitted property unless
already being assessed.
Qwest Communications (TL923)
Valuation decline. Company requests we consider inutility of property. Last FASB
144 was in 2002. Property has been at 100% market to book since then. Company
is valued 100% on the cost approach. Company has had negative income for over
5 years. Cost figures reported for 2005 are SEC mandated. For July protest,
company amended page 7 of return for consideration fiber lines not in use and that
are above its capacity that are considered "dark " fiber lines. Company submitted
inutility study by PriceWaterhouseCoopers asking for $59,449,873 for its Colorado
actual value. July NOV is at $66,017,550. Recommend value of $61,110,351.
Value is a decline from the July notice of value at $66,017,550.
T-Netix, Inc. (TL583)
Amended return. Company completed its return. With information submitted,
updated valuation to $361,000 Colorado actual value with an assessed value of
$103,600. The July Notice of Valuation was a BIA valuation. Taxpayer is reporting
no property in Gilpin, Larimer, Morgan, and Routt counties. Property was reported
in these jurisdictions last year; assets are now owned by Evercom Systems
(TX159). T-Netix is an inmate calling service.
County Notification —August 1, 2005 19
Verizon Select Services (TL027)
Valuation decline. August protest to request removal of intangibles not attributable
to the reporting and Colorado companies such as acquisitions outside the reporting
company and wireless licenses attributable to another entity. An adjustment was
made to the August Notice of Valuation to remove intangibles not attributable to the
Reporting and Colorado entities. July Notice of Value with Colorado actual at
$141,784. Last year's Colorado actual at $123,211. For the August Notice of
Valuation, the Colorado actual falls to $62,081 from the Colorado apportionment
falling to 1.4% from 1.94 %. Income is still negative for the company and
assessment is at 100% market to book ratio for Verizon.
CenturyTel Fiber Company II, LLC (dba: Lightcore)
Valuation decline. Company requested obsolescence consideration for dark fiber
located in Colorado. Also, taxpayer requested we remove intangible portion.
Obsolescence request granted. Intangible valuation remained.
XO Communications (TL456)
No valuation change. Company amended its return to include license deductions
for mobile telephones in its property. It was determined that this was for the system
value not Colorado. Deduction was denied. No change to value from July to
August. Not likely to go to BAA.
360 Networks, LP (TL569)
July notice of valuation was BIA assessment. August Notice of Valuation from
completed return.
360 Networks, LP (TL676)
July notice of valuation was BIA assessment. August Notice of Valuation from
completed return. Company may file to BAA — deductions denied. Level 3 (TL500)
now reporting fiber. Other property being reported by 360 Networks.
TELECOMMUNICATIONS -TELEPHONE RESELLERS
Evercom Systems, Inc. (TX159)
Enhanced Communications Group (TX547)
Bullseye Telecom (TX 571)
Lightyear Network Solutions (TX612)
Clearword Communications Inc. (TX614)
National Access Long Distance (TX615)
Access One (TX725)
For all seven companies, completed ASOPs received after July 1, 2005. Each
company protested requesting revised value calculated in accordance with
information provided on ASOP. Values were revised pursuant to filed ASOP
information.
Net2Phone (TX643)
BIA of $500,000 assessed assigned. Taxpayer refuses to file claiming they are not
a telephone company taxable in Colorado. No change in value.
County Notification — August 1, 2005 20
RAILROAD COMPANIES (RR):
Union Pacific (RR361)
Value declined due to a drop in operating income and the allocation factor. The
company is having logistical problems again, and reclassified some of the in-state
track with Surface Transportation Board. The reclassification reduced the state
allocation of the unit value from 4.5 percent to 4.3 percent.
Kansas and Oklahoma Railroad (RR654)
We have been provided with revised income estimates, resulting in a slightly lower
value.
RURAL ELECTRICS (ER):
Holy Cross Electric (ER076)
Company protested that 2000 income is an anomaly and should not be included,
protested the use of a five year weighted average being an atypical methodology.
Suggested use of a three or four year weighted average. No change in value.
WATER COMPANIES (WA)
Deer Creek Water Co, (WA 121)
Value reduced because of clerical input error by DPT. Value reduced 59 percent as
a result of correction of the error.
PRIVATE CARLINE COMPANIES (PC): The changes involve car values, miles
traveled, and speed. Explanations and support for the changes were provided. If the
value went to $0 in your county, the company is on your August Notice of Valuation with
$0 value.
J & J Railcar Leasing LLC (PC979)
Changed to $0. The company's car mark mileage was reported under a different
carline company.
Trinity Rail Management (PC346)
The tax agent has reconciled the large difference between the property statement
and the railroad reported mileage resulting in a decrease in value.
Savage Tolk Energy Services (PC298)
The tax agent increased the total mileage and provided a speed study, resulting in a
net decrease in value.
The Andersons Inc. (PC875)
The average rail car value was overstated in the notice of valuation; decrease in
value.
The Andersons Inc. — Rail Group (PC876)
The average rail car value was overstated in the notice of valuation; decrease in
value.
County Notification —August 1, 2005 21
Cargill Inc. (PC553)
The average rail car value was overstated in the notice of valuation; decrease in
value.
Cargill Inc. C.G.D. Division (PC554)
The average rail car value was overstated in the notice of valuation; decrease in
value.
Celtran Inc. (PC125)
The average rail car value was overstated in the notice of valuation; decrease in
value.
Coffeyville Rescources Nitrogen Fertilizers LLC (PC188)
The average rail car value was overstated in the notice of valuation; decrease in
value.
The David J. Joseph Company (PC905)
The average rail car value was overstated in the notice of valuation; decrease in
value.
First Union Rail Corporation (PC220)
The average rail car value was overstated in the notice of valuation; decrease in
value.
Cyro-Trans, Inc (PC702)
A speed study conclusion altered the miles per day; decrease in value.
North American Salt (PC039)
The average rail car value was overstated in the notice of valuation; decrease in
value.
Relco Tank Lines (PC250)
The average rail car value was overstated in the notice of valuation; decrease in
value.
Trinity Industries Leasing (PC
The mileage was recalculated and changed slightly; decrease in value.
County Notification —August 1, 2005 22
•
ADDRESS LIST CHANGES
Please use the August 15t address list. The addresses for the following have changed:
Account Company
Electric Group
EL064 1 Public Service Company of Colorado
Telecommunications Group
TL390 T MCI Worldcom Network Services, Inc.
TL391 MCI Metro Access Transmission Services, LLC
TX163 ! D.D.D. Dialing Co.
TX123 RRV Enterprises Inc.
Pipeline-Transmission Group
PT334 ' Southern Star Central Gas Pipeline
Telephone Reseller Group
TX347 Primus Telecommunications Inc
Rural Electric Group
ER093 Tri-State Generation and Transmission
Private Carline Group
PC217 Mississippi Power Company
PC241 Public Service Company of Colorado
Company Name Change on the Address List
PC905 Joseph Transportation changed to The David J. Joseph Company
PC223 I Colorado Lava fka Southeastern Industrial Ent
You may have received company address changes from tax representative Rash and
Associates. So that each company may be properly notified of its value and protest
and appeal rights, we list all state assessed companies by business address.
If desired for billing purposes, the treasurer may change the address to the tax
representative's address.
G:dpt-grp/sap/2005 Protests/County Protest Narrative
County Notification —August 1, 2005 23
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