HomeMy WebLinkAbout20051533.tiff RESOLUTION
RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND
OF TAXES - KIM HONG SUN, SUNG KULL, AND SUNG SOO
WHEREAS,the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS,the Board of County Commissioners of Weld County, State of Colorado, at a
duly and lawfully called regular meeting held on the 18th day of May,2005,at which meeting there
were present the following members: Chair William H. Jerke, and Commissioners M. J. Geile,
David E. Long, Robert D. Masden, and Glenn Vaad, and
WHEREAS,notice of such meeting and an opportunity to be present has been given to the
taxpayer and the Assessor of said County,and said Assessor, Stan Sessions,being represented
by Michael Sampson,and taxpayer Kim Hong Sun,Sung Kull,and Sung Soo,not being present,and
WHEREAS,the Board of County Commissioners have carefully considered the attached
petition, and are fully advised in relation thereto.
NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County,Colorado,that the Board concurs with the recommendation of the assessor and the petition
be and hereby is, denied, and an abatement or refund be allowed as follows:
CORRECTION
TO ASSESSED ABATEMENT TAX
VALUATION OR REFUND YEAR
$0 $0 2003
$0 $0 2004
•
2005-1533
AS0060
: As, ►���-- �c -as-or
TAX ABATEMENT PETITION - KIM HONG SUN, SUNG KULL, AND SUNG SOO
PAGE 2
The above and foregoing Resolution was,on motion duly made and seconded,adopted by
the following vote on the 18th day of May, A.D., 2005.
!ss BOARD OF COUNTY COMMISSIONERS
`4% G) 0/� ���/ WELD COUNTY, COLORADO
1 'AT E 'i�l �'°'� /4 'L, -/l/,,✓
sei ��� William H. Jer e, Chair
r.
Id �•�.,� y Clerk to the Bo-rd
X 1 1 e / - M. . eile, P o-Tem
•eputy Clerk to the Board
David E. Long
AP O DAST titCL
Rob- asden
C ty A ney ►� 41.1
Glenn Vaad
Date of signature: -S Y—kr
2005-1533
AS0060
PETITION FOR ABATEMENT OR REFUND OF TAXES
Please submit in duplicate copies and answer all questions. ll
County Name WELD Date Received
CUD-;kr)
Use Assessor's or Commissioners'Date Stamp
RECEIVED
PETITIONER: Complete Section I on this side only MAR 0 4 2005
Section I:
Date: WELD COUNTY ASSESSOR
March 1, 2005
GREELEY, COLORADO
Month Day Year
Petitioner's Name: Kim Hong Sun & Sunq Kull &Sunq Soo
Petitioner's mailing address: do 1°I Net Real Estate Services Inc. 3333 S. Wadsworth Blvd. Suite 200
Lakewood CO 80227
City or Town State Zip Code
SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY
R-3882186 800 31s`. Street
Evans, CO 80620
Petitioner states that the taxes assessed against the above property for property tax year 2003 and 2004
are incorrect for the following reasons: (Briefly describe the circumstances surrounding the incorrect value or tax.
(The petitioner's estimate of actual value must be included.) Attach additional sheets if necessary. Based on
the actual income of the subject, we are requesting a value of $402,881.00
•
Petitioner's estimate of actual value $402,881.00 (2003) $402,881.00 (2004)
Value Year Value Year
Petitioner requests an abatement or refund of the appropriate taxes associated with a reduction in value.
I declare, under penalty of perjury in the second degree, that this petition, together with any accompanying exhibits
or statements, has been examined by me, and to the best of my knowledge, information and belief, is true, correct
and complete.
£ kr/Fe-ll \ Daytime Phone Number(
Petitioner's nature
By , ( e�� Daytime Phone Number O.2 96 2 —5?s -
Agents S nature* d
*Letter of agency must be attached when petition is submitted.
Every petition for abatement or refund filed pursuant to section 39-10-114, C.R.S., shall be acted upon pursuant to
the provisions of this section by the board of county commissioners or the assessor, as appropriate, within six
months of the date of filing such petition. 39-1-113(1.7), C.R.S.
Section II: Assessor's Use Only
Tax Year
Assessed Value Tax
Original
Corrected
Abate/Refund
2005-1533
(FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY) ..
RESOLUTION OF COUNTY COMMISSIONERS
Resolution No. •
Section I: In accordance with 39-1-113(1.5), C.R.S., the commissioners of
County authorize
tee assessor to review petitions for abatement or refund and to settle by written mutual agreement any such petition
for abatement or refund in an amount of one thousand dollars or less per tract, parcel, or lot of land or per schedule
of personal property.
The assessor and petitioner mutually agree to an assessed value and tax abatement/refund of:
Tax Year
Value Tax
Original
Corrected
Abate/Refund
PLEASE NOTE: THE TOTAL TAX AMOUNT DOES NOT INCLUDE ACCRUED INTEREST, PENALTIES, AND
FEES ASSOCIATED WITH LATE AND/OR DELINQUENT TAX PAYMENTS, IF APPLICABLE. PLEASE
CONTACT YOUR COUNTY TREASURER FOR FULL PAYMENT INFORMATION.
Petitioner's Signature
Date .
Assessor's or Deputy Assessor's Signature
Date
If Section I is not complete and/or if petition is for more than $1,000, Section II must be completed- Submit an
original petition and a copy to the Division of Property Taxation.
Section II: Assessor's recommendation:
0 Approved or 0 Approved in part$
protest filed in . (If a protest was filed, please attach a copy of NOD.)
e4TrC% VS
or the following reason(s):
/I2nirc ,CA/1 oar r/41/ r io ,3e well u/vcam7 e Jmit
41 c//iviiG9.�?.-ot KA ii�si •. . ?A2 Sao jet7- is Culre.-n7 ""S7r�72
Assessor's or Deputy Assessor's Sign
Section III: WHEREAS, The Co my Commissioners of
and lawfully called regular meeting held on / County,there State of present
Colorado, at a wing
/ at which meeting were present the following
members: mo day yr
•
with notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of
said County and Assessor
(being present/not present)and
petitioner Name
(being present/not present), and WHEREAS, The said
Name
County Commissioners have carefully considered the within petition, and are fully advised in relation thereto, NOW
BE IT RESOLVED, That the Board (agrees/does not agree)with the recommendation of the assessor
and the petition be(approved/denied)and an abatement/refund be(approved/denied) for property tax year
. The taxes to be abated or refunded are$
$ which represents an assessed value of
Chairperson of the Board of County Commissioners'Signature
I,
, County Clerk and Ex-officio Clerk of the Board of County
Commissioners in and for the aforementioned county, do hereby certify that the above and foregoing order is truly
copied from the record of the proceedings of the Board of County Commissioners.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County
at , this day of
Time Date Month
Year
County Clerk's or Deputy County Clerk's Signature
ACTION OF THE PROPERTY TAX ADMINISTRATOR
Denver, Colorado
Month Day Year
The action of the Board of County Commissioners, relative to the within petition, is hereby
[Approved; 0 Approved in part$ ; 0 Denied for the following reason(s):
Secretary's Signature Property Tax Administrator's Signature
G:\U3R V.BATEWORMREV7-2000
800 31st. Street
WINTERSET INN
Income Approach
to Value Based on Actual Incomes
2001 2002
Total Operating Revenue $ 405,870 $ 299,620
66,277 Rentable SF
Operating Expense
Cost 2001 Cost 2002
Saleries and Wages $ 89,815 $ 90,134
Repairs and Maintenance 28,690 14,688
Taxes and Licenses 28,927 26,473
Statement 1 187,403
Accounting 1,244
Advertising 12,936
Auto and Truck Expense 1,558
Credit Card 3,719
Fees 1,580
Insurance 9,092
Supplies 53,590
Telephone 8,549
Utilities 45,439
Worker's Comp 3,350
Total Expenses $ 334,835 $ 272,352 $ 334,835 $ 272,352
Expenses Per SF $ 5.05 $ 4.11
Net Income from Rental Real Estate $ 71,035 $ 27,268
Capitalization Rate 10.0% Plus 2.2 effective 0.122 0.122
Mill rate .07643
Indicated Property Value $ 582,254 $ 223,508
Final Assigned Value $ 402,881
I b/'Lb/GNL4 21:1d `J/L:i:itJt4'fl WIN IERSETINN PAGE 02
Department of the Tresawy Internal Revenue Service 2U0�
Form 1065 U.S. Return of Partnership Income
e See separate instructions. IRS use only — Dc not write Or staple in hi,space.
For calendar year 2001,or tax year be9lnning ,2001,and ending ,20 I oMB No.1545-0099
A Principal eusinea Activity D Employer Identification
Number
Use the
LODGING IRS KIM FAMILY 84-0829793
label. 800 31ST STREET Date Busineu Started
B Principal Product or service Other.
MOTEL wise, EVANS, CO 80620 1/05/1981
print F To asses(sae In trs)
C Business Code Minas Of t type.
$ u r ' -47,663 ._
G Check applicable boxes: (1) Initial return (2) _Final return (3) _Narne change (4) ❑ (5)Address change Amended return
H Check accounting method: (1) X Cash (2) Accrual (3) Other(specify)....
1 Number of Schedules K.I. Attach one for each person who was a partner at any time during the tax year " 2
Caution: Include only trade or business income and expenses on lines la through 22 below. See the instructions for more information.
,,t y
t
1 a Gross receipts or sales 1 a 405, 870. 31 I(
b Less returns and allowances 1 b , 1c 405, 870:
1
N 2
C 2 Cost of goods sold(Schedule A, line 8)
0 M 3 Gross profit. Subtract line 2 from line lc 3 405, 870.
E 4 Ordinary income (loss)from other partnerships,estates, and trusts
(attach schedule) 4
5 Net farm profit(loss) (attach Schedule F(Form I040)) 5 -
6 Net gain(loss)from Form 4797,Part II, line 18 6
7 Other income(loss) '
(attach schedule) 7
8 Total income(loss).Combine lines 3 through 7 8 405,870.
s ✓' ,�.
9 Salaries and wages(other than to partners) (less employment credits) 9 ( 89 815 . )
i 10 Guaranteed payments to partners 10
D s 11 Repairs and maintenance 11 .! 28, 69b"
E n 12 Bad debts 12 ��
Uc 13 Rent .. 13 _/--
C )
i r 14 Taxes and licenses 14 28,927'
I n 15 Interest 15 S:' 50. ,
0 16a Depreciation(if required, attach Form 4562) 16a 3,705 . „'w
Sp 5Less depreciation reported on Schedule A and elsewhere on return 166 _16c .C-3,705
R 17 Depletion (Do not deduct all and gas depletion.) 17
18 Retirement plans. etc 18
i 19 Employee benefit programs 19
1
20 Other deductions / 187,40�
I (attach schedule) SE E..SIATEM 1.E.NT.. 20
o
s 21 Total deductions.Add the amounts shown in the far right column for lines 9 through 20 21 344, 090.
22 Ordinary Income(loss)from trade or business activities.Subtract line 21 from line 8 22 (J 61,7H0.`'
e-c )
Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my know edge end
belief,it is true,correct,and complete.Declaration of preparer(other than general partner or limited liability company member)is based on all information of
Sign which preparer has any knowledge.
r�ttr�.NII lytgtl May the IRS discuss his rerun
Here N. s"1Ms, trtrf' �_ with the preparer shown below
Signature of General Partner or Limited Liability Company Member Date (see inatis)7
X l yes No
Date Property's SSN or PIN
Propane* enact If ssa-
1r , Signature �_ employed... ll' n 401-34-1308
Deparment of the TrwWry Internet Revenue Service
��� e r r e+.a_._._. e w . Sr
onn."
MAY 23 ' 03 13 : 50 FR ANDERSON—WHITNEY 970 352 1855 TO 17209625760 P .02/83
Department of the Treasury Internal Revenue Service Form 1065 U.S. Return of Partnership Income 2002
e- See separate instructions. IRS use only— Do not write or staple in this space.
For calendar year 2002,or tax year besinning .2002,and ending_ ,20 I OMB No.1545.0099
A Principal business activity D Employer ldeeaaefaen
number
Use the
LODGING Babel KIM FAMILY 84-0829793
B Principal product er serriee Other- 800 31ST STREET E Date business stand
MOTEL wise, EVANS, CO 80620 1/05/1981
print
C Business code number or type. F Total assets(see Wars)
$ t ' 49,596.
Li
G Check applicable boxes: (1) _ Initial return (2) _Final return (3) _Name change (4) Li Address change (5) Amended return
H Check accounting method: (1) X Cash (2) _Accrual (3) _Other(Specify) a.
I Number of Schedules K-1.Attach one for each person who was a partner at any time during the tax year . 2
Caution: Include only trade or business income and expenses on lines la through 22 below. See the instructions for more information.
1 a Gross receipts or sates 1a 299,620. `
b Less returns and allowances 16 1c 299,620.
1
N
2 Cost of goods sold (Schedule A, line 8) 2
O 3 Gross profit.Subtract line 2 from line 1c 3 299,620.
M
E 4 Ordinary income(loss)from other partnerships, estates, and trusts
(attach schedule) 4
5 Nat fans profit(loss) (attach Schedule F(Form 1040)) 5
6 Net gain(loss) from Form 4797, Part II, line 18 6
7 Other income (loss)
(attach schedule) 7
8 Total income(loss).Combine lines 3 hroudh 7 8 299,620.
S
E 9 Salaries and wages(other than to partners) (less employment credits) 9 90,134.
i 10 Guaranteed payments to partners 10
D as 11 Repairs and maintenance • 11, 14,688.
E p 12 Bad debts 12
D
c 13 •
uRent 13
C i 14 Taxes and licenses 14 26,473.
IN 15 Interest 15 6,400.
0 s 16a Depreciation (if required, attach Form 4562) 16a 2, 607. 1. rp5
5r b Less depreciation reported on Schedule A and elsewhere on return 16b • 16c 2,607.
R 17 Depletion(Do not deduct oil and gas depletion.) 17
L 18 Retirement plans, etc 18
M 19 Employee benefit programs 19
T
A 20 Other deductions
I (attach schedule) See..Statement..1. zo 141,057.
O
14
s 21 Total deductions.Add the amounts shown In the far right column for lines 9 through 20 21 281,359.
22 Ordinary income Noss)from trade or business activities.Subtract line 21 from line 8 22 18,261.
Under penalties of perjury,I declare that I have examined this return,Including accompanying schedules and statements,and to the best of my knowledge and
belief,It is true,correct and complete.Declaration of preparer(other than general partner or limited liability company member)is based on all information of
Sign which preparer has any knowledge.
Here ► ► May the IRS discuss this return
with the prepare ehown below
Signature of general ambler or linked liability company member Date (see""as)'
n Yea nib
Date Preparers SSN or PTIN
Preparers
Paid
signature emb y d... P.n 401-34-1308
Preparer's 7enm'`"sr Anderson & Whitney, P.C.
Use Only efr lo�
/,a1. I' 5801 West 11th Street, suite 300 EIN I- 84-1016028
ZIP code Greeley, CO 80634-4813 Phoneme. (970) 352-7990
BAA For Paperwork Reduction Act Notice,see separate instructions. PTPaoto5L 12127102 Form 1065(2002)
MAY 23' 03 13 : 51 FR ANDERSON-WHITNEY 970 352 1855 TO 17209625760 P . 03/83
2001 Federal Statements Page 1
Client 11021000 KIM FAMILY 84-0829793
4/14/03
08:41AM
Statement 1
Form 1065, Line 20
Other Deductions
Accounting $ 1,244.
Advertising 12, 936.
Auto and Truck Expense 1,558.
CREDIT CARD 3,719.
FEES 1,580.
Insurance 9,092.
Supplies 53,590.
Telephone 8,549.
Utilities 45,439.
WORKERS COMP 3,350.
Total $ 141,057.
Statement 2
Form 1065, Schedule K, Line 8
Charitable Contributions
Cash Contributions - 50& Limitation $ 1,295.
Total $ 1,295.
** TOTAL PAGE . 003 **
Ir\C CLERK TO THE BOARD
PHONE (970) 336-7215, EXT.4225
FAX: (970) 352-024242 P.O. BOX 758
' GREELEY, COLORADO 80632
C.
COLORADO
May 6, 2005
KIM HONG SUN AND SUNG KULL AND SUNG SOO
C/O 1ST NET REAL ESTATE SERVICES INC.
3333 SOUTH WADSWORTH BLVD. SUITE 200
LAKEWOOD, CO 80227
RE: SCHEDULE NUMBER R-3882186
Dear Property Owner:
This is to advise you that the Weld County Board of Commissioners will hear your petition for
abatement or refund of taxes on the property described as: 800 31ST. STREET EVANS, CO 80620.
The meeting is scheduled for May 18, 2005, at 9:00 a.m., in the First Floor Meeting Room, Weld
County Centennial Center, 915 10th Street, Greeley, Colorado.
The Assessor is recommending that the Board deny your petition. You are not required to be present
at this hearing, however, this is your opportunity to have your position heard, especially if your
position is opposed to the Assessor's recommendation. If you intend to submit any documentation
in support of your position for this hearing,all such documentation must be submitted to the Office of
the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior
to the meeting date in order for it to be considered at the scheduled hearing.
If you have any questions concerning this matter, please do not hesitate to contact Carol Harding at
(970) 336-7215, extension 4217.
Sincerely,
/4104
Donald D. Warden
Clerk to the Board
BY/4(2--4 7Z;Ltd r4/a4_,,7
Deputy Clerk t e Board
cc: Assessor
DAN GEORGE
CLERK TO THE BOARD
PHONE (970) 336-7215, Ext. 4225
' FAX: (970) 352-0242
P. O. BOX 758
C. GREELEY, COLORADO 80632
COLORADO
May 25, 2005
Kim Hong Sun, Sung Kull, and Sung Soo
800 31st Street
Evans CO 80620
RE: SCHEDULE NUMBER R3882186
Dear Property Owner:
On May 18, 2005, the Board of Weld County Commissioners considered your petition for
abatement or refund of taxes and denied same.
Pursuant to Section 39-2-125(f), C.R.S., you have the right to appeal this decision to the State
Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and
instructions from the Board of Assessment Appeals, Department of Local Affairs, 1313
Sherman Street, Room 420, Denver, Colorado 80203.
Very truly yours,
onald . arG""""""'
Clerk to the Board
y- emu717-1.
Deputy Clerk to the Board
cc: Assessor
Dan George
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