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Home My WebLink About20052272.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2005, WELD COUNTY, COLORADO- STIPULATE PETITION OF: BITTERSWEET PLAZA LLC 1130 38 AVE STE B GREELEY, CO 80634-2581 DESCRIPTION OF PROPERTY: ACCOUNT#: R7102298 PARCEL#: 095911116028-GR BSN-1 R L 3 BITTERSWEET NORTH 1ST REP L A=== 3502 W 10 ST GREELEY 0 3626 W 10 ST GREELEY 0 WHEREAS,the Board of County Commissioners of Weld County, Colorado, convened as the Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the assessment and valuation of real and personal property within Weld County,fixed and made by the County Assessor for the year 2005, 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 2005,claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS,in lieu of the hearing scheduled before the Board of Equalization a Stipulation was agreed upon by the Assessor and said petitioner(s), and WHEREAS,the petitioner(s)and the Weld County Assessor agree that the assessment and valuation of the Weld County Assessor shall be, and hereby is, stipulated as follows: ACTUAL VALUE AS DETERMINED ACTUAL VALUE BY ASSESSOR AS STIPULATED Land $ 1,865,413 $ 1,865,413 Improvements OR Personal Property 10,870,387 9,200,537 TOTAL $ 12,735,800 $ 11,065,950 WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 2005-2272 AS0061 ea u S. ®rr- RE: BOE - BITTERSWEET PLAZA LLC, R7102298 Page 2 NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, acting as the Board of Equalization, that the Stipulation agreed to by the Weld County Assessor and the above-named petitioner(s) be, and hereby is, accepted by the Board. The above and foregoing Resolution was,on motion duly made and seconded,adopted by the following vote on the 5th day of August, 2005. A�� BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO 1861 t %r kia%• William H. Jerke, Chair Clerk to the Board EXCUSED M. J. Geile, Pro-Tem BY: Deputy Clerk to the Board EXCUSED vid E. Long APPRO AS TO FOR Rob D. Masden //) ___AseieCounty Attorney Q,1,1 �,9 Glennn aad Date of signature: 0401r -- 2005-2272 AS0061 07/29/05FRI_ 11:26 FAX 9703520117 WHEELER MANAGEMENT GROUP Z002 _. WELD ASSESSOR ra 002/003 2005 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R7102298 STIPULATION (As To Tax Year 2005 Actual Value) RE PETITION OF NAME: BITTERSWEET PLAZA LLC ADDRESS: 1130 38 AVENUE SUITE B GREELEY. CO 80634-2581 * Petitioner(s), Br LI ERSWEET PLAZA LLC and the Weld County Assessor, hereby enter into and jointlythis Stipulation mo a that the Board of Equal the izatx ion to enear t5 er r itsfuation of the order based on this Stict pulation. Petitioners) and the Assessor agree and stipulate as follows:_. 1. The property subject to this Stipplation is described as: L3 BITTERSWEET NORTH 1 REP AKA 3502 W 10TH ST., GREELEY CO. (Legal description) 2. The subject property is classified as COMMERCIAL property. (what type). 3. The County Assessor originally assigned the following actual value to the subject property for tax year2005. Land $ 1,865.413 Improvements 10,870,387 Total $12.735.800 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 1,865,413 Improvements 9.200.537 Total $11.065,950 1. o1: 2 • 2005-2272 07/29/05 FRI 11:27__FAX 9703520117 WHEELER MANAGEMENT GROUP Z003 - WLLI) ASSESSOR Z003/003 5. The valuations, as established above, shall be binding only with respect to tax year 20O5. 6. Brief narrative as to why the reduction was made: THE ACTUAL LEASE INCOME DOES NOT SUPPORT THE ASSESSOR'S VALUE 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on AUGUST 4, 2005 at 11:30 AM be vacated; or. a hearing has not yet been scheduled before the Board of Equalization (check if appropriate). DATED this 28'11 day of July, 2005. , �� Gp n as 9�x�ro� r �ktfr Petitioner(s) or Attorney Petitioner(s) or Attorney Address: Address \.1.3r.) 3Van Ala c QH Gri,cy6to.-j C-cJ10 �p Telephone: 3C 2 - Co° elephone: ou Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 2 of 2 NOTICE OF ADJUSTMENT OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. 1(11 T"R GR 'BSN-1R L 3 BITTERSWEET NORTH 1ST GREELEY,CO 80631 I/ T"R REP L A=== 3502 W 10 ST GREELEY 0 PHONE(970)353-3845,EXT.3650 3626 W 10 ST GREELEY 0 www.co.weld.co.us • OWNER: BITTERSWEET PLAZA LLC • COLORADO • • BITTERSWEET PLAZA LLC LOG 1890 1130, 38 AVE STE B PARCEL 095911116028 GREELEY, CO 80634-2581 ACCOUNT R7102298 YEAR . 2005 The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Asseasor lure-determined that your property should be included in the following category(ies): - Coinmercal property is valued by considering the cost, market, _-- and income approaches . If your concern is the amount of your property tax,local taxing authorities(county,city,fire protection,and other special districts)hold budget hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget 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 are: After review of your property, we have made adjustments . This was done because of additional information obtained, or provided thru the appeal process . • REM) JUN 3 0 2005 • • • PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE • OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW • • COMMERCIAL • 14754600 . • 12735800 • • TOTALS $ $ 14754600 $ 12735800 APPEAL DEADLINES: 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 By: Stanley F. Sessions 06/23/2005 WELD COUNTY ASSESSOR DATE ADDITIONAL INFORMATION ON REVERSE SIDE PR-207-87/03 YOU HAVE THE nIGHT TO APPEAL TFIE ASSESSO ' 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 (furnishings, machinery,.and equipment). § 39-8-104 and§ 39- 8-107(2), C.R.S. APPEAL PROCEDURES: 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 15 FOR REAL PROPERTY, AND JULY 20-FOR PERSONAL PROPERTY. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970)356-4000 Ext. 4225 NOTIFICATION OF HEARING: You will be notified of the time and place set for the hearing of your appeal. COUNTY BOARD OF EQUALIZATION'S DETERMINATION: The County Board of Equalization must make a decision on your appeal and mail you a determination within five business days of that decision. The County Board must conclude its hearings and render decisions by August 5. TAXPAYER RIGHTS FOR FURTHER APPEALS: If you are not satisfied with the County Board of Equalization' s decision you must file within thirty days of the County Board of Equalization' s written decision with ONE of the following: Board of Assessment Appeals (BAA): 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 12. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST-PROVE YOOU-HAV-E 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 necessary. 1b Man it may cane= Given tte mast nail,Net Qne[etarg Irnaxe (MX) Data, attached, this prcpaiy cm rot be aerice ed ftr nine than '>:.5 minim in the current inbarest rate alvfrumalt. This is (it to tine fact it is "tludaEd" with a lag tam, below market lessce at its mastr taunt fir anther 3)yeas. This lr a (gaf+ ,y)" cahrri 446 at tie gross lcissnhip area of the stowirg center ail is filed at the mate at$3.1Cl/SF. It cant be compared in van to the ma grocery stores that pay rates of$1p-12/5F. The imam method of valntlal of the existrg WE is tine cril‘y equitable agozada to vain of this center. kxrixiirgl, I mild van this property ,500,000.Q0. ld 7/14// os $IUNA'IUKI:OF Ph'I I I IUNbK DA t CA O (0 (O M O r 0 0 CO 0 n N- r r ) CO 0 0 CO M 0 CO V' (O n 0 (0 (O 00 N NCO CO 00) M ' M 0 V' ' 0 N CO N V' CO .0- of CO 0 V 0 (() N 0 LL) N- V N ui 0 N 0 (h M u1 0 n 4l (00 0 N r 0 n 1. 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N: n (0 0) 0 05 M .0 V Co r 0) CA N r co- r r 0 M Q n n 0 0 r r 0) V 0 07 (A O M M r a j C 0 CD 0) r N co r 0 M N C) 0 S C Q N 6. a) a co I f) M N O O O in 7 0 co co 0 0 0 0 0 0 0 0 N N O O O CO O cc�} O 0 0 1. 0 V V N 0 0 0 co O O O O O O O O O O O 'R 7 O 0 O N O V O ' n 0 N a V N N r O O O M n 10 0 O r 0 0 0 LL) 0 0 CA N 0 0 0 r 0 N 0 O 0aaaaa066bbb N n 0 CD- 0 LI LL m TI' N .—0 N CO r r O K) co- IO r r O ) N- N N Io O O') M O) J CO n n r 0 LO ON- 0) O CO LL) N r CO0 M N ¢ O H E N 0) t a)a a) O cc ii 0) t. 0 .. N rn m E In H N n 0 -0 0 R a) N O o 0) nY co N. N C m C EO N C W K n tea) E )- O a N 0 0 C G C L Co 0 W 0) a) a (J o X v w m o o CD a C E w S. u ,Q V j N CO IInn A.. U a) o '� V C LL N w ` C a) N G d m N m e coca) c c W O) a ` O 'm a) c LL N m L) a) CT N N N ("'o f0 3 a ow v v N o)L �G m o aV d Q c m 0.2 aL ,...co 0 m LL ° > > n w in a CD y d 'N o o d � r d rnw N Oe C N E r c e a(ammo m d = (7 0 m moo m y °o > > ca ° o O 'n w U y@ m 2 U v azwzJ -: zO I- IO � ¢ � wc7 � Hm � x (n2aUF � r- 5 � z • H � U � > j l ' CLERK TO THE BOARD PHONE (970)356-4000 EXT 4217 FAX: co. 352-0242.co.us WEBSITE: www.co.weld.co.us 915 10TH STREET P.O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO July 19, 2005 BITTERSWEET PLAZA LLC 1130 38 AVE STE B GREELEY CO 80634-2581 Parcel No.: 095911116028 Account No.: R7102298 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 4, 2005, at or about the hour of 11:30 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 August 5, 2005, and mailed to you on or before August 12, 2005. 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 request it directly from the Assessor's Office by fax (970) 304-6433, or by calling (970) 353-3845. Upon receipt of your 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. BITTERSWEET PLAZA LLC - R7102298 Page 2 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. Very truly yours, BOARD OF EQUALIZATION Donald D. Warden Clerk to the Board cc: Stanley Sessions, Assessor Hello