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Home My WebLink About20030320.tiff RESOLUTION RE: DENY PETITION FOR ABATEMENT OR REFUND OF TAXES - BLUE CHIP OIL, INC. 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 3rd day of February, 2003, at which meeting there were present the following members: Chair David E. Long and Commissioners M. J. Geile, Robert D. Masden, and Glenn Vaad, with Commissioner William H. Jerke being excused, 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 Mary Hazen, and taxpayer Blue Chip Oil, Inc., do Logan and Firmine, Inc., 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 refund not be allowed as follows: ASSESSED TOTAL TAX VALUATION TAX AMOUNT YEAR $42,240.00 $3,576.85 2000 2003-0320 AS0054 (' ; %' 'z, �s 4� exfY TAX ABATEMENT PETITION - BLUE CHIP OIL, INC. PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 3rd day of February, A.D., 2003. BOARD OF COUNTY COMMISSIONERS WEL 1 O1741COLD_{�11ADO ATTEST: „as j �*tn NJ :vid E. Long, Chair Weld County Clerk to the r„ // 4CP r-9 t/Kt obert C. sden,Pro-Tern v BY: Deputy Clerk to the Bo�: U.N°S>, M. J. Geile APP ED AS TO F � C "7 Y t' Willia H. Jerk KtactCorr-171--1-----%- 44-tUt 64*-AR) a` Glenn Vaadv Date of signature: 1a 2003-0320 AS0054 PETITION FOR ABATEMENT OR REFUND OF TAXES Please submit in duplicate copies and answer all questions. 07002.33 County Name Weld !MI ` or ■ ' 1 f a " EDemp DEC 2 712002 J� PETITIONER: Complete Section I on this side only WELD COUNTY ASSESSOR Section l: Greeley, Colorado Date: Dec. 23 2002 Month Day Year Petitioner's Name: Blue Chip Oil , Inc. Petitioner's mailing address: c/o Logan & Firmine, Inc. 333 W. Hampden Ave. , Suite 740 Englewood CO 80110 City or Town State Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY See Attached Schedules Various Petitioner states that the taxes assessed against the above property for property tax year(s) 2000 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. The 2000 Oil and Gas Returns for Blue Chip Oil , Inc. did not take allowable deductions. Assessed Value Tax Original 239,010 $20,099.94 Corrected 196,770 16,523.09 Abate/Refund 42,240 3,576.85 Assessed Value 196,770 Petitioner's estimate of actual value$ 224,880 ( 2000 and $ (___) 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. Blue Chip Oil , Inc. Daytime Phone Number 970) 493-6456 Petitioner's Signature By Richard D. Logan �1 ,«Daytime Phone Number(303 761-8260 Agents Signs urs /2/2 34 a- *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 Tax Year Assessed Value Tax Assessed Value Tax Original Corrected AbatelRefund 2003-0320 (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 eteassessor 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 Tax Year Assessed Value Tax Assessed 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$1,000, Section II must be completed. Submit an original petition and a copy to the Division of Property Taxation. Section II: Assessor's recommendation: ❑ Approved or 0 Approved in part$ No protest filed in or . (If a protest was filed, please attach a copy of NOD.) &--Denied for the following reason(s): qa 0 de, esso s or epu sso s re Section III: WHEREAS, The County Commissioners of County, State of Colorado,at a duly and lawfully called regular meeting held on / / , at which meeting there were present the following mo day yr members: 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 Name petitioner (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(s) and . The taxes to be abated/refunded for property tax year are$ which represents an assessed value of$ and the taxes to be abated/refunded for property tax year are$ which represents an assessed value of$ Chairperson of the Board of County Commissioners'Signature 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$ ; ❑ Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature G:\USR\...\ABATEWORMRE V 2 BLUE CHIP OIL,INC. PETITION FOR REFUND OF TAXES-2000 TAXES(1999 PRODUCTION YEAR) Original Abate./ Assessed Assessed Refund Balance Direct Return on Return of Value of Production 2000 Original Assessed Abate./ Assessed Operating Investment Investment Total 95% Allowable Exempt Royalty Assessment Allowable 2000 Tax Production Schedule No. Well Name County Value Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Rog) Deduction Limitation Deductions Percentage Ratio Deduction Refund Tax District Tax Rate O1626286 Andrews 14-22 Weld 33,980 2.869.62 4.940 417.18 29.040 2452.44 5,642 0 0 5,642 36,893 5.642 0.00000% 0.8750 4940 417.18 556 0.084450 O0087992 La Poudre 1 Weld 6.890 596.22 4.860 420.56 2.030 175.66 5,549 0 0 5,549 7,481 5.549 0.00000% 0.8750 4860 420.56 400 0.086535 O0087892 La Poudre 2 Weld 5,990 520.82 4.860 422.57 1.130 98.25 5,549 0 0 5,549 6.503 5.549 0.00000% 0.8750 4860 422.57 429 0.086949 O0163693 La Poudre 3 Weld 11,770 1,023.38 4,630 402.57 7,140 620.81 5,289 0 0 5,289 12.779 5.289 0.00000% 0.8750 4630 402.57 429 0.086949 O0043287 Shannon-Roberts 26-5 Weld 33,270 2,493.06 5.070 379.92 28,200 2,113.14 5,793 0 0 5,793 36,122 5.793 0.00000% 0.8750 5070 379.92 808 0.074934 O0304494 Sloan 1 Weld 22,900 1,991.14 3,910 339.97 18,990 1,651.17 4,468 0 0 4.468 24.863 4,468 0.00000% 0.8750 3910 339.97 430 0.086949 O0304594 Sloan 2 Weld 47,400 4.121.38 4,730 411.27 42,670 3,710.11 5.406 0 0 5.406 51,463 5,406 0.00000% 0.8750 4730 411.27 430 0.086949 O0308995 Sloan 3 Weld 13,880 1,201.10 2,740 237.11 11,140 963.99 3.126 0 0 3.126 15,070 3,126 0.00000% 0.8750 2740 237.11 405 0.086535 O0186587 Wagner 2-1 Weld 62,930 5,283.22 6,500 545.70 56.430 4,737.52 7,429 0 0 7,429 68,324 7,429 0.00000% 0.8750 6500 545.70 547 0.083954 TOTAL WELD COUNTY 239.010 20,099.94 42.240 3,576.85 196,770 16,523.09 48.251 0 0 48.251 259.497 48,251 42240 3,576.85 Page 1 of 1 BLUE CHIP OIL,INC. 1999 Direct Operating Expenses DIRECT OPERATING EXPENSES TOTAL DIRECT Contract Pumpers Eqipment Location Materials& Repairs& Water Hot Oil Overhead 6 OPERATING Well Name County @80% Insurance Rental Maintenance Supplies Maintenance Disposal Treatment 50% EXPENSES Andrews 14-22 Weld 1.325 316 0 40 2,381 0 817 607 156 5.642 La Poudre l Weld 994 237 0 40 553 130 1,991 1.251 354 5,549 La Poudre2 Weld 994 237 0 40 553 130 1,991 1.251 354 5,549 La Poudre3 Weld 994 236 0 40 1,082 0 1,767 441 729 5,289 Shannon-Roberts 26-5 Weld 2,210 0 0 40 265 0 445 85 2.748 5,793 Sloan 1 Weld 1.325 316 0 40 527 0 19 669 1.572 4.468 Sloan 2 Weld 1,325 316 0 40 197 0 381 465 2,682 5.406 Sloan 3 Weld 1.325 316 0 40 144 0 256 299 747 3,126 Wagner2-1 Weld 1,521 0 0 40 1.523 46 1,203 249 2,847 7,429 TOTAL WELD COUNTY 12,011 1,975 0 360 7,225 306 8,868 5,316 12,189 48,251 Page 1 of 1 BLUE CHIP OIL,INC. HISTORICAL COST HISTORICAL DETAIL COST BY CATEGORY HISTORICAL DETAIL COST BY YEAR Production TOTAL Well Name County Heater Treater Unit Separator Tanks Flo.Mines COSTS 1995 1996 1997 1998 1999 TOTAL Andrews 1422 Weld 0 0 0 0 0 0 0 0 0 0 0 0 La Poudre 1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 La Poudre2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 La Poudre3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 Shannon-Roberts 26-5 Weld 0 0 0 0 0 0 0 0 0 0 0 0 Sloan t Weld 0 0 0 0 0 0 0 0 0 0 0 0 Sloan2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 Sloan3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 Wagner2-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Page 1 of 1 BLUE CHIP OIL,INC. BLUE CHIP OIL,INC. RETURN OF INVESTMENT RETURN ON INVESTMENT 1999 DEPRECIATION-Rofl (14 YR.STRAIGHT LINE METHOD/MIDYEAR CONVENTION RETURN ON INVESTMENT(ROI) 1999 AVERAGE 12/31/1998 NET 12/31/1999 NET NET BOOK ACTUAL ROI TOTAL ROI Well Name County 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 TOTAL BOOK VALUE BOOK VALUE VALUE RATE DEDUCTION Andrews 14-22 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.707% 0 La Poudre 1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.707% 0 La Pouere 2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7/07% 0 La Pouere 3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7/07% 0 Shannon-Roberts 26-5 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.707% 0 Sloan 1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.707% 0 Sloan 2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7/07% 0 Sloan 3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.707% 0 Wagner2-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.707% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Page 1 of 1 To: Weld County Assessor 1400 N. 17th Avenue Greeley, CO 80631 From: Blue Chip Oil, Inc. 19 Old Town Square Fort Collins, CO 80524 This is to authorize Logan & Firmine, Inc., 333 W. Hampden Avenue, Suite 740, Englewood, CO. 80110, to act in our behalf as our agent in property tax matters for properties that we own, possess or control in your County. This agent is delegated authority to file and sign property statements, notices of protest and negotiate and resolve disputed tax matters, and we accept responsibility for any and all actions he makes in our behalf regarding property tax matters. This authorization is effective until revoked by the owner, a partner, or a corporate officer and supersedes all prior authorizations.A Signed: .- 6 • Title: Phone: q/0' </gs -et 4fs 4 Date: (7� rtif v CLERK TO THE BOARD PHONE (970) 336-7215, EXT.4225 FAX: (970) 352-0242 WIIDe. GREELEY, COLORADO 80632 COLORADO January 20,2003 BLUE CHIP OIL, INC. C/O LOGAN AND FIRMINE, INC. 333 WEST HAMPDEN AVENUE, SUITE 740 ENGLEWOOD, CO 80110 RE: SCHEDULE NUMBER SEE ATTACHED SCHEDULES 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:VARIOUS. The meeting is scheduled for February 3, 2003, 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,r 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, ��,��,��q �,�� n i�' 1 �4r/"'^�^""'� Donald D. Warden Clerk to the Board By: I.4164 ) ;d' Deputy Clerk to the Board cc: Assessor CLERK TO THE BOARD W PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 COLORADO February 24, 2003 Blue Chip Oil, Inc do Logan & Firmine, Inc 333 W Hampden Ave, Suite 740 Englewood CO 80110 RE: SCHEDULE NUMBER See Attached List Dear Property Owner: On February 3'°, 2003, 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, Donald D. Warden, Clerk to the Board By: 4 r;, Deputy Clerk to h Board cc: Assessor Mary Hazen Hello