HomeMy WebLinkAbout20033341 s _ Colorado Department of Local Affairs
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Executive Director, Michael L. Beasley
DIVISION OF PROPERTY TAXATION
Mary E. Huddleston
Property Tax Administrator
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Bill Owens
Governor
TO: Adams, Arapahoe, Denver, Douglas, El Paso, Elbert, Huerfano, Kit
Carson, Las Animas, Logan, Morgan, Pueblo, Sedgwick, Washington,
and Weld County Assessors and County Commissioners
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FROM: Mary E. Huddlestonn
Property Tax Administrator
SUBJECT: 2003 BAA - Touch America (TL457) Stipulation
DATE: November 25, 2003
MEMORANDUM
As a result of Touch America's year-end asset write-down that was not reflected
in its 2003 ASOP, Touch America filed with the BAA. As a result of the filing, we
have entered into a stipulation, which has been approved by the Board of
Assessment Appeals. Since then, Touch America filed bankruptcy. In October,
we informed the treasurers of the bankruptcy filing.
The Stipulation and Joint Motion for Order and the BAA Order on Stipulation are
attached. The impact from the stipulation is shown below:
2003 BAA -Touch America (TL457)
Y J r iT ' r,".
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ADAMS $ 380,300 $ 1,311,400 $ 303,900 $ 1,047,900
ARAPAHOE $ 369,500 $ 1,274,100 $ 295,300 $ 1,018,300
DENVER $ 1,082,500 $ 3,732,800 $ 865,000 $ 2,982,800
DOUGLAS $ 35,500 $ 122,400 $ 28,400 $ 97,900
EL PASO $ 161,300 $ 556,200 $ 128,900 $ 444,500
ELBERT $ 140,200 $ 483,400 $ 112,000 $ 386,200
HUERFANO $ 87,400 $ 301,400 $ 69,800 $ 240,700
KIT CARSON $ 103,800 $ 357,900 $ 83,000 $ 286,200
LAS ANIMAS $ 257,100 $ 886,600 $ 205,500 $ 708,600
LOGAN $ 240,200 $ 828,300 $ 192,000 $ 662,100
MORGAN $ 215,000 $ 741,400 $ 171,800 $ 592,400
PUEBLO $ 382,100 $ 1,317,600 $ 305,300 $ 1,052,800
SEDGWICK $ 105,800 $ 364,800 $ 84,600 $ 291,700
WASHINGTON $ 95,100 $ 327,900 $ 76,000 $ 262,100
WELD $ 787,600 $ 2,715,900 $ 629,400 $ 2,170,300
TOTALS 4,443,400 15,322,100 3,550,900 12,244,500
If you have any questions, please call Deb Myer (303) 866-2682.
G:/DTP-Grp/SAP/2003 BAA/Touch America Memo 2003 (Stipulation)
1313 Sherman, Room 419, Denver, CO 80203, (303)866-2371 ath
TDD (303)866-5300 FAX (303)866-4000
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E-Mail mary.huddleston(a state.co.us
CYl�rnuNtc OA/ 2003-3341
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BOARD OF ASSESSMENT APPEALS,
STATE OF COLORADO
1313 Sherman Street, Room 315 `-,
Denver, Colorado 80203 ;�
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Petitioner: o c m
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TOUCH AMERICA INC, a oy
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Respondent:
PROPERTY TAX ADMINISTRATOR.
Attorney or Party Without Attorney for the Petitioner: Docket Number: 42307
Name: R. Richard Rhodes, Jr.
Ryan& Company
Address: 13155 Noel Rd, 12th Fl LB72
Dallas, TX 75240
Phone Number: (972) 934-0022
ORDER ON STIPULATION
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THE PARTIES TO THIS ACTION entered into a Stipulation,which has been approved by
the Board of Assessment Appeals. A copy of the Stipulation is attached and incorporated as a p=ut of
this decision.
FINDINGS OF FACT AND CONCLUSIONS:
1. Subject property is described as follows:
County Schedule No.: TL457
Category: State Assessed Property Type: Telecommunications
2. Petitioner is protesting the 2003 actual value of the subject property.
42307.04.doc
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3. The parties agreed that the 2003 actual value of the subject property should be
reduced to:
Total $12,244,500.00
4. The Board concurs with the Stipulation.
ORDER:
Respondent is ordered to reduce the 2003 actual value of the subject property, as set forth
above.
The Property Tax Administrator is directed to change his/her records accordingly.
DATED/MAILED this 215`day of November, 2003.
BOARD OF ASSESSMENT APPEALS
This decision was put on the record November 20, 2003 YiAm & ;Karen E. Hart
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I hereby certify that this is a true IJ'^tu" a. Salmi bcte hJ
and correct copy of the decision of ���
the Board of Assessment Appeals Debra A. Baumbach
( ;•aof cook?'.
°'Al AS
kie J. Brown SEAL
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42307.04.doc
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BOARD OF ASSESSMENT APPEALS
STATE OF COLORADO
Docket Number 42307
Division of Property Taxation Schedule Number TL457
STIPULATION AND JOINT MOTION FOR ORDER
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TOUCH AMERICA, INC. s " rn
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ih Petitioner(s),
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PROPERTY TAX ADMINISTRATOR,
Respondent.
1. Petitioners Touch America, Inc. and Respondent Property Tax Administrator
hereby stipulate that the actual value assigned to the property that is the subject
of this appeal for tax year 2003 is $12,244,500 with an assessed value of
$3,550,900.
2. The parties agree that these values apply to tax year 2003 only. The parties
request that the Board enter an Order approving the stipulation to reduce the
actual value and assessed value assigned to this property for tax year 2003 to
the values shown above.
3. The parties agree to ask the Board to dismiss this case based on this stipulation.
Each party will bear its own costs in connection with this appeal.
Respectfully submitted this /$ day of N OJ, , 2003.
Marys dleston, in her capacity as
The Colorado Property Tax Administrator
GL/� � .a-� -(76(teata.,)„..
Larry A. illlams, #11088 'L.-- R. Richar Rhodes, Jr.
First A istant Attorney General Agent for Touch America, Inc.
State Services Section Ryan and Company
1525 Sherman Street, 5th Floor Three Galleria Tower
Denver, Colorado 80203 13155 Noel Road
(303) 866-5226 12th Floor, LB71
ATTORNEYS FOR RESPONDENT Dallas, TX 75240-5090
PROPERTY TAX ADMINISTRATOR (972) 934-0022
g:\dpt-grp\sap\2003 baa\touch America stip.doc
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