HomeMy WebLinkAbout20032259.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 2003, WELD COUNTY, COLORADO - DENY
PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE
PETITION OF:
MONFORT OF COLORADO INC
C/O SWIFT FOODS COMPANY
1770 PROMONTORY CIR
GREELEY, CO 80634
DESCRIPTION OF PROPERTY: ACCOUNT#: R1295686 PARCEL#: 080332303001 -
GR CP-1 PT CAPITOL PACK LYING N OF POUDRE RIVER &VAC ROADWAY & ST EXC
HWY 800 N 8 AV GREELEY 80631 100 N 8 AV GREELEY 80631
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 2003, 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 2003, claiming that the property described in such petition was assessed
too high, as more specifically stated in said petition, and
WHEREAS, said petitioner being represented by Joseph Lanzone, DuCharme, McMillen
and Associates, Inc., and
WHEREAS, the Board has made its findings on the evidence, testimony and
remonstrances and is now fully informed.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, acting as the Weld County Board of Equalization, that the evidence presented at
the hearing clearly supported the value placed upon the Petitioner's property, after review by the
Weld County Assessor. Such evidence indicated the value was reasonable, equitable, and
derived according to the methodologies, percentages, figures and formulas dictated to the Weld
County Assessor by law. The assessment and valuation of the Weld County Assessor shall be,
and hereby is, affirmed as follows:
ACTUAL VALUE
AS DETERMINED
BY ASSESSOR
Land $ 356,103
Improvements OR
Personal Property 16,792,965
TOTAL $ 17,149,068
2003-2259
AS0055
xi: 7
RE: BOE - MONFORT OF COLORADO INC
PAGE 2
BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by the Board
of Equalization may be appealed by selecting one of the following three options; however, said
appeal must be filed within 30 days of the denial:
1. Board of Assessment Appeals: You have the right to appeal the County
Board of Equalization's (CBOE's) decision to the Board of Assessment
Appeals (BAA). Such hearing is the final hearing at which testimony, exhibits,
or any other evidence may be introduced. If the decision of the BAA is further
appealed to the Court of Appeals, only the record created at the BAA hearing
shall be the basis for the Court's decision. No new evidence can be
introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.)
Appeals to the BAA must be made on forms furnished by the BAA, and
should be mailed or delivered within thirty (30) days of denial by the
CBOE to:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, CO 80203
Phone: 303-866-5880
OR
2. District Court: You have the right to appeal the CBOE's decision to the
District Court of the county wherein your property is located. New testimony,
exhibits or any other evidence may be introduced at the District Court hearing.
For filing requirements, please contact your attorney or the Clerk of the
District Court. Further appeal of the District Court's decision is made to the
Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.)
OR
3. Binding Arbitration: You have the right to submit your case to arbitration. If
you choose this option the arbitrator's decision is final and your right to appeal
your current valuation ends. (Section 39-8-108.5, C.R.S.)
Selecting the Arbitrator: In order to pursue arbitration, you must notify the
CBOE of your intent. You and the CBOE select an arbitrator from the official
list of qualified people. If you cannot agree on an arbitrator, the District Court
of the county in which the property is located will make the selection.
2003-2259
AS0055
RE: BOE - MONFORT OF COLORADO INC
PAGE 3
Arbitration Hearing Procedure: Arbitration hearings are held within sixty
days from the date the arbitrator is selected. Both you and the CBOE are
entitled to participate. The hearings are informal. The arbitrator has the
authority to issue subpoenas for witnesses, books, records, documents and
other evidence. He also has the power to administer oaths, and all questions
of law and fact shall be determined by him.
The arbitration hearing may be confidential and closed to the public, upon
mutual agreement. The arbitrator's written decision must be delivered to both
parties personally or by registered mail within ten (10) days of the hearing.
Such decision is final and not subject to review.
Fees and Expenses: The arbitrator's fees and expenses are agreed upon
by you and the CBOE. In the case of residential real property, such fees and
expenses cannot exceed $150.00 per case. The arbitrator's fees and
expenses, not including counsel fees, are to be paid as provided in the
decision.
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 31st day of July, A.D., 2003.
BOARD OF COUNTY COMMISSIONERS
���� COU TY, COLORADO
ATTEST: g61e�l'r/�
David E. Long, Chair
Weld Cou. y�rn•.� he Board
La EXCUSED
Robert D. sden, Pro- em
BY:
APPR J �e. ` ,c� r •
) Jerke
As if ant C.(nty Attorney / / ,4
Glenn Vaad -
Date of signature: ick3
2003-2259
AS0055
NOTICE OF DENIAL OFFICE OF COLIN re ASSESSOR
1400 NORTH 17th AVE
lb V 4 GR CP-1 PT CAPITOL, PACK LYING N OF OREI:Incotos31
V POUDRE RIVER & VAC ROADWAY & ST EXC PHONE(970)353.3845.En 3650 Ar"�� N 8 1W800 N 8 GREELEYV8063iLF,Y 80631 100
"ilk OWNER: MONFORT OP COLORADO INC
COLORADO
MONFORT OF COLORADO INC LOG 49O7
C/O SWIFT FOODS COMPANY PARCEL 080332303001
177O PROMONTORY CIR ACCOUNT R1295686
GREELEY, CO 80634 YEAR 2003
Ttic appraised value of pfopvty i based on the apptopiiatc cotisiderafioh of the approaches to vatue required by Ina the As<esId fiat determined th1 -..
your property should be included in the following categoty(ics).
Commercial 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 tat bill or ask your Assessor for g listing of these districts.sad plan to attend these budget hearings
1 he Assessor has carefully studied all available information.¢+vtnf particular attention to the specifics included on your protest and has dctermmed the
valuation(s)assigned to your property. The reasons for this determination of value arc
No change has been made to the valuation of this property. Colorado law
requires us t send this notice of denial for all properties on which we do not
adjust the value .
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE -`
OF VALUE ACTUAL VALUE ACTUAL VALUE
LTA PRIOR TO REVIEW AFTER REVIEW
LT _
COFEtERAL 224322 224322
INJS2 AL 16924746 16924746
in
c:'- —
I_..
1_
1 •
TOTALS S 5 17149068 $ 17149068
L APPEAL DEADLINES. REAL.PROPERTY—ILLY 15.PERSONAL PROPERTY—JULY 21
If you disagree with the Assessor's decision.yen have the right to appeal to the County Board of Equalization for further consideration.39-8-
1O6(1)(n).CRS. Please see the hack of this form for detailed information on fling year appeal.
06/26/2003
By: Stanley F.Sessions
WELD COUNTY ASSESSOR DATE
IS-DPT-AR
Form PR-20747413 ADDITIONAL INFORMATION ON REVERSE SIDE
809-i ZOO/ZOO'd Z91-1 1EE8909018+ 03 ONY 1dIMS-word wdtl:l0 €00Z-zo-Tar
DUCHARME, McMILLEN a ASSOCIATES.INCt - n S
'InI 1. 41 I- I./
VIA CERTIFIED MAIL:
7002 0860 0004 7557 3000
July 10, 2003
Weld County
Board of Equalization
1400 North 17th Avenue
Greeley, CO 80631
RE: Tax Year 2003
Monfort of Colorado Inc. d.b.a. Swift Foods Company
Parcel No.: 0803323203001
Notice of Denial
Dear Clerk:
DuCharme, McMillen& Associates, Inc. is the authorized agent to represent the above
taxpayer.As such, we have enclosed a petition for the property located at 100 North 8th
Avenue.
We feel that the value is over assessed at this time. The proposed value for parcel
80332303001 is $17,149,068. After analyzing cost data and comparable sales for this
property, we have concluded that a value of$7,194,000 at$10.30 per square foot is justified.
Enclosed are the original appeal package, notice of determination,Certificate of Authority,
and supporting documentation for the case.
If you have any questions or would like to discuss the property prior to the hearing please
give us a call at 623-582-6655 extension 437.
Sincerely,
AeAstronie
Jose . anzone
for Appraiser
3050 W.Agua Fria Fwy,Suite 250 • Phoenix,AZ 85027 • 623-582-6655 • Fax:623-869-9180 • www.dmainc.com
�..M�4.
OUCHARME.MCMILLEN a ASSOC'A-rn.Inc.
May 29, 2003
Mr. Stan Sessions
Assessor •
Weld County
1400 N. 17th Avenue
Greeley, CO 80631
RE: Swift Foods f.k.a. ConAgra Foods
2003 Proposed Tax Valuation
Dear Stan:
DuCharme, McMillen and Associates is the authorized agent for Swift Foods/ConAgra.
Enclosed is our Certificate of Authority.
We feel that the value is over assessed at this time. The proposed value for parcel#
80332303001 is $ 17,149,068. After analyzing cost data and comparable sales for
this property, we have concluded that a value of$ 7,194,272 at $10.30 per square
foot is justified. Attached is supporting documentation for this conclusion. We
request the value be amended to reflect this change.
•
If you have any questions, please feel free to contact us. Thank you for your
attention to this matter.
Sincerely,
el (/j/_
Jos ph M. Lanzo
Senior Ap er
Enclosure:
3050 W.Agua Fria Fwy,Suite 250 • Phoenix,AZ 85027 • 623-582-6655 • Fax:623-869-9180 • wuw.dmainc.com
' May-29-2003 03:27pm From-SWIFT AND CO +8705068337 T-386 P 002/002 F-478
l'
stn Foods Company
Swift. 177u Prorrrowory Crccic
Greeley.CO 80634-9038
TEL:970-5064000
Cindy Swift &Company- Auca Dun 97 Dun 97 d
45O6-a 120
Duca Fax 970-506-8337
cgarland®arn ftbrondacoon
PROPERTY TAX
CERTIFICATE OF AUTHORITY
DATE:
TO WHOM IT MAY CONCERN:
This certifies that DuCharme,McMillen&Associates,Inc. and/or its designees is hereby authorized
to represent the undersigned in all matters of property tax assessments before any governmental
assessing officials or any other authority having Jurisdiction regarding the assessment levied on the
following described property:
Swift Foods Company
All Real Property owned by Swift Foods Company
Within the State of Colorado
By:
(Signature}
• Name: C\vNCV\ \)cc\—\C‘ mac,
Corporate Title: CO( \-1 \ v- e cA l`v—
COMPARABLE BUILDINGS SUMMARY
Swift Foods/Monfort of Colorado/Con-Agra
100 N. 8th Avenue
Location Date Seller Buyer Bldg. Type Year Size/ LIB Price/
Built SQFT Ratio SQFT
100 N.8th Avenue Swift Foods N/A Meat Processing. 1994 698,473 -1.02 24.55
4950 Washington Street 3/23/1998 SRR Corp Bob Jones Meat Processing 1948 200,648 4.94 12.94
Denver
4801 Brighton Blvd 9/10/1998 Bar S Food Co. Western Stock Show Meat Processing 1976 348,983 1.94 9.46
Denver Assoc.
16424-16247 NE Airport Wa
7/2/2001 Walther Properties SYSCO Food Services Meat Processing 2000 183,823 3.25 19.46
Portland,OR
•
CoStar Comps Full Sale Comps Repo Page 1 of 6
4950 Washington St Published COSTAROMPS
Denver, co 80216
C
Meat Processing Plant (Rehab) of 40,587 SF Sold for$525,000
buyer
Bob Jones
P.O. Box 1.6066
Denver, CO 80216
(303) 798-1778
seller
SRR Corp
c/o Reef Fiedelman
4155 E Jewell Ave Ste. 316
Denver, CO 80222
(303) 758-4954
vital data
Sale Date: 03/23/1998 Sale Price: $525,000
Escrow/Contract: Apx 2 months Status: Confirmed
Days on Market: N/Av Building SF: 40,587 Gross
Exchange: No Price/SF: $12.94
Conditions: Bldg Construction Issue Pct Office: N/Av
Cap Rate: N/Av
Land Area SF: 200,648 Down Pmnt: $525,000
Acres: 4.606 Pct Down: 100%
$/SF Land Gross: $2.62 Doc No: 0043323
$/SF Land Net: N/Av Trans Tax: ($52.50 )
Year Built: 1948 Age 50 Zoning: I-2, Denver
Coverage: N/Av Lot Dim: Irregular
Parking Spaces: 100 FAR: .2
Parking Ratio: 2.46/1000 SF Improv Ratio: N/Av
Corner: No
Frontage: Sutimarket: Upper North Central Ind
Comp No: DVC-13259-08-9819 Property Type: Industrial
income/expense listing broker
The selling broker reported the property had been vacant for 7-8 years Signet Partners
prior to sale.After rehab,the property Is expected to be occupied by a fish 3600 S Yosemite St
distribution company that will need freezer space and an egg company that
will need refrigerator space. We were unable to verify projected lease Denver, CO 80237 -1812
rates. (303) 773-3330
Michael Sparig,Steve Cohen
buyers broker
Ownbey&Company
4701 Marion St
Denver,CO 80216-2102
(303) 296-2560
Amos Ownbey
financing
Not Applicable -all cash sale
Net Spendable (rate): N/Av (N/Av)
Copyright.1099-1002 CoStar Realty Information,Inc MI Aghto reined.Information obtained from sources deemed reliable but not gunrerWd.Phones(990)204-5990
http://comps.costar.com/Report/Report.asp?aCacheSequence=4&ReportSelect=selected&SiteMap... 5/29/2003
CoStar Comps Full Sale Comps Reper ' Page 2 of 6
property characteristics
property features
Pct Office: N/Av Truck Well: No
Truss Height: N/Av Truck Well Drs, Capacity: 0, 0
Dock Hi: Yes Rail Served: NO
Dock Hi Drs, Capacity: 10, 10 Fire Sprinklers: N/Av
Grade Level Doors: N/Av
Power: N/Av
building
Yr Built Bidgs Stories Construction Veneer Condition Comments
1948 1 1.5 Struct brick Fair
1948 1 1 Struct brick Fair
Total Buildings: 2 .
parking
Composition Open Open Tandem Covered Covered Tandem Total Spaces Condition
Gravel/Dirt 100 100
Total Spaces: 100
Parking Ratio: 2.46/1000 SF
plat map
Map: 54-C Legal: Por SW4 sec 14 735 R68W
Comps No: DVC-13259-08-9819 Parcel Number: 2143-00-037(por)Title Co: Not shown
2143-00-048(por)
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CoStar Comps Full Sale Comps Repc ' ( Page 3 of 6
site map
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02002 MapQuest.com.Inc.;02002 Navigation Technologies //
This site map is derived from MapQuest.com Inc.No opinion is expressed concerning the accuracy of any information contained
herein.
description
Number of Elevators: 0
* Condition: The selling broker reported this was an "as is" sale of a
rehab project. He estimated the cost to upgrade the buildings and repair
the refrigeration at $200,000-$300,000.
* Bldg SF: The selling broker reported a partial basement is not included
in the building square footage shown. We were unable to determine the
basement square footage. The selling broker also reported the building had
some refrigeration for cold storage products, but the units have not been
used for at least 7 years and need to be relined. We were unable to
determine the square footage of refrigerated space.
Year Assessed: N/Av
Doc Num / Transfer Tax
0043323 ($53)
Recording Date: 03/23/1998
Confirmed by: Ann M. Hines
Date: 08/05/1998
Email: qualitycontrol®costar.com
Phone: (888)636-8389
Updated Date: 08/21/2000
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CoStar Comps Full Sale Comps Repr Page 4 of 6
4801 Brighton Blvd Published rCo\S,(ur,R
Bar S Foods 1i ONE P3*
Denver, CO 80216 -2216
Meat Processing Plant of 179,663 SF Sold for$1,700,000
buyer •
g.t•,
Western Stock Show Assoc.
4655 Humboldt St
Denver, CO 80216 ;ri •
(303) 297-1166
seller
Bar S Food Co.
c/o Jim Kline P
4041 N Central Ave Ste. 1300
Phoenix, AZ 85012 •
(602) 264-7272
vital data
Sale Date: 09/10/1998 Sale Price: $1,700,000
Escrow/Contract: Apx 30 days Status: Confirmed
Days on Market: apx 912 days Building SF: 179,663 Gross
Exchange: No Price/SF: $9.46
Conditions: Redevelopment Project Pct Office: 2%
Cap Rate: N/Av
Land Area SF: 348,983 Down Pmnt: $1,700,000
Acres: 8.012 Pct Down: 100%
$/SF Land Gross: $4.87 Doc No: 0151231
$/SF Land Net: $1.56 Trans Tax: ($170.00 )
Year Built: 1976 Age 22 Zoning: I-2, Denver
Coverage: N/Av Lot Dim: Irregular
Parking Spaces: Not Available FAR: .51
Parking Ratio: N/Av Improv Ratio: 68%
Corner: Yes
Frontage: 786' Brighton Blvd Submarket: Upper North Central Ind
Comp No: DVC-51690-12-9819 Property Type: Industrial
income/expense listing broker
The broker reported the seller vacated the building in March, 1996 and the Grubb &Ellis
property has been vacant since then.The buyer intends to raze the 1200 17th St Ste. 2000
building and use the land for expansion of their nearby facility. Denver, CO 80202 -5835
(303) 572-7700
Ted . Harris, Michael Wafer, Ted .
Harris
buyers broker
Grubb & Ellis
1200 17th St Ste. 2000
Denver,CO 80202 -5835
(303) 572-7700
Ted . Harris, Michael Wafer,Ted .
Harris
financing
Not Applicable -all cash sale
Net Spendable (rate): N/Av (N/Av)
Copyright0 1999-2002 CoStar Realty Information,Inc MI rights reserved.Information obtained from sources deemed tellable but not guaranteed.Plan(600)20+9960
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•
CoStar Comps Full Sale Comps Repo Page 5 of 6
property characteristics
property features
Pct Office: 2"/o Truck Well: No
Truss Height: N/Av Truck Well Drs, Capacity: 0, 0
Dock Hi: Yes Rail Served: N/Av
Dock Hi Drs, Capacity: 22, 22 Fire Sprinklers: N/Av
Grade Level Doors: N/Av
Power: 3 Phase
building
Yr Built Bldgs Stories Construction Veneer Condition Comments
1976 1 1 Precast conc Brick Poor
1926 1 4 Conc tilt-up Poor
Total Buildings: 2
plat map
Map: 54-F Legal: Per SW4 SE4&SE4 SW4 sec 14 T3S R68W&por blks 8&9 Elyria
Comps No: DVC-51690-12-9819 Parcel Number: 2143-00-025; 2144-08-002 Tide Co: Not shown
2231-08-034,036
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site map
E51a Pet ^-�
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02002 MapOuestcom,Inc.;02002 Navigation Technologi- v' i
This site map is derived from MapQuest.com Inc.No opinion is expressed concerning the accuracy of any information contained
herein.
description
Number of Elevators: 0
* Condition: The broker reported the buyer purchased the property for land
for expansion of their nearby facility. He reported they intend to raze the
building; he estimated the cost to tear down the building at
$700,000-$800,000.
* Bldg SF: The broker reported the property consists of 2 buildings with
year built and SF broken down as follows: One, 1-story building of "Twin T^
construction built in 1976 contains 49,962 SF; apx 43,000 SF is
refrigerated with an additional apx 4,800 SF of freezer space. The second
building is a 4-story concrete with a basement built in 1926. It has
129,701 total SF, of which apx 60,000 SF is refrigerated with an additional
apx 3,900 SF of freezer space.
* Power: The broker didn't know the exact number of amps and volts, but he
reported the building has heavy power capability.
* APN: 2231-09-030
Total Assessed: $1,953,600
Year Assessed: 1997
Doc Num / Transfer Tax
0151231 ($170)
Recording Date: 09/10/1998
Confirmed by: Ann M. Hines
Date: 12/16/1998
Email: qualitycontrol@costar.com
Phone: (888)636-8389
Updated Date: 01/04/1999
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•
CoStar Comps Full Sale Comps Repc " ( Page 1 of 3
16424 -16427 NE Airport Way Published COSTAR
Fulton Provisions LONERS'
Portland, OR 97230 -4960
Meat Processing Plant of 56,400 SF Sold for$1,097,400
buyer
SYSCO Food Services of Oregon, Inc.'
c/o Aaron Katz
1390 Enclave Pkwy
Houston,TX 77077-2025
(281) 584-2638
seller •
----
Walther Properties ( LLC ) �4
c/o Carl Walther at-
6333 SW Macadam Ave - - x
Portland, OR 97201 --" -
(503) 638-0601 --- - -
vital data
Sale Date: 07/02/2001 Sale Price: $1,097,400
Escrow/Contract: N/Ap Status: Confirmed
Days on Market: N/Ap Building SF: 56,400 Gross
Exchange: No Price/SF: $19.46
Conditions: Business sold with R.E. Pct Office: N/Av
Cap Rate: N/Av
Land Area SF: 183,823 Down Pmnt: $1,097,400
Acres: 4.220 Pct Down: 100%
$/SF Land Gross: $5.97 Doc No: 01099797
$/SF Land Net: N/Av Trans Tax: N/Av
Year Built: 2000 Age 1 Zoning: IG2, Portland
Coverage: 31% Lot Dim: 411 x 430 (apx)
Parking Spaces: 30 FAR: .31
Parking Ratio: 0.53/1000 SF Improv Ratio: N/Av
Corner: No
Frontage: 411' NE Airport Submarket: East Columbia Corridor
Comp No: MUC-72356-08-0120 Property Type: Industrial
income/expense listing broker
Buyer Is an owner/user. None involved per principal
buyers broker
None involved per principal
financing
Not Applicable-all cash sale
Net Spendable (rate): N/Av (N/Av)
Copyrlgl.tC 1999-2001 Roar Realty Information,Inc All rights reserved.Information obtained from sources deemed reliable but not guaranteed.Phones(960)1043960
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•
CoStar Comps Full Sale Comps Repc ( Page 2 of 3
property characteristics
major tenants
LCG &Co, Nuprecon
property features
Pct Office: N/Av Truck Well: No
Truss Height: N/Av Truck Well Drs, Capacity: 0, 0
Dock Hi: Yes Rail Served: NO
Dock Hi Drs, Capacity: 4, 4 Fire Sprinklers: NO
Grade Level Doors: 5
Power: N/Av
building
Yr Built Bldgs Stories Construction Veneer Condition Comments
2000 1 1 Conc tilt-up Excellent
Total Buildings: 1
parking
Composition Open Open Tandem Covered Covered Tandem Total Spaces Condition
Asphalt 30 30 Good
Total Spaces: 30
Parking Ratio: 0.53/1000 SF
plat map
Map: 598-F/1 Legal: Lot 16+S 55',E 20'lot 15&S 55'W 2W lot 17 Interstate Crossroad
Comps No: MUC-72356-08-0120 Parcel Number: R187041 Title Co: Fidelity National Ins.Co.
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description
* additional contacts
Subject Property
Fulton Provisions
(503) 254-3000
Leasing Agent
Tony Reser
(503) 279-1700
* Condition: (Business Sold with Real Estate) Buyer also purchased the
business for an undisclosed amount.
* APN: ALT APN/Map & Tax Lot # - 1N3E19B-00210; Old APN- R-41692-0600.
Year Assessed: N/Av
Doc Num / Transfer Tax
01099797 (N/Av)
Recording Date: 07/02/2001
Q-S-T-R: NW-19-03-01
Confirmed by: Marianne Whyte
Date: 08/03/2001
Email: qualitycontrol®costar.com
Phone: (888)636-8389
Updated Date: 08/20/2001
http://comps.costar.com/Report/Report.asp?aCacheSequence=8&ReportSelect=selected&SiteMap... 5/29/2003
5/29/2003 Summary Report Page: I
Estimate Number 56
Estimate ID 080332303001
Property Owner Monfort of Colorado do Swift Foods
Property Address 100 N. 8th Avenue
Property City Greeley. Weld County
State/Province Colorado
ZIP/Postal Code 80631
Section 1
Occupancy Class Height Rank
100% Industrials,Heavy Mftg. Metal frame and walls 25.00 2.0 •
Total Area : 698.473
Number of Stories(Section) : 1.00
Shape : 2.00
Components Units/Ye Other
HVAC(Heating):
Package Unit 1%
Land and Site:
Land 356,103
HVAC(Heating):
Steam Coil Space Heat w/Boiler 662,825
Cost as of 04/2003
Units/To Cost Total
Basic Structure
Base Cost 698,473 60.48 42,243,647
Exterior Walls 698,473 6.31 4.407,365
Heating&Cooling 669,810 3.29 2,204,489
Basic Structure Cost 698,473 69.95 48,855,501
Less Depreciation
Physical&Functional 76.0% 37,130,181
External 10.0% 4,885,550
Depredated Cost 698,473 9.79 6,839,770
Miscellaneous
Land 356,103
Total Cost 698.473 10.30 7,195,873
Remarks for Section 1:
jml/56
16.35 acres
External obsolescence:Locational because of relatively remote location would hamper future marketability.
External obsolescence:Economic because of major consolidation throughout country in all industries,relegating huge
industrials such as this to pennies on the dollar
Functional obsolescence: Size and add-on construction indicate functional problems
Preponderance of market data is for properties well under 100K sf.
Property mostly built in 1950's and 1960's...estimate 1960 effective age=43 years
Marshall indicates phys/functional @ 76%
Cost Data by Marshall&Swift
(
Con-Agra Swift Greeley CO
BLDG YEAR WEIGHTED AGE
SECTION SQ. FEET BUILT CALC.
1 662,825 1995 1322335875
10 3,200 1966 6291200
2 8,928 1966 17552448
3 1,824 1966 3585984
4 484 1966 951544
5 5,000 1966 9830000
6 480 1966 943680
7 1,918 1991 3818738
8 1,104 1990 2196960
9 12.710 1990 25292900
TOTAL SQ.FT. 698,473 - 1994.063234
WEIGHTED AVE. AGE 1994.06 —say 9 years
SF from 2003 assessment records
dma
Updated
h: SgFeet2:foamex98.xls 5/28/2003
6
CLERK TO THE BOARD
PHONE (970) 356-4000 EXT 4217
352 FAX: (303)352-0242
WEBSITE: www.co.weld.co.us
915 10TH STREET
P.O. BOX 758
C. GREELEY, COLORADO 80632
COLORADO �.
July 22, 2003
MONFORT OF COLORADO INC
C/O SWIFT FOODS COMPANY
1770 PROMONTORY CIR
GREELEY CO 80634
Parcel No.: 080332303001 Account No.: R1295686
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of July 31,2003,at or about the hour of 10:00
AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld
County Department of Public Health and Environment, Room 210,1555 North 17th Avenue,
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 5,2003,and
mailed to you on or before August 12, 2003.
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.
MONFORT OF COLORADO INC - R1295686
- 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 •
Carol A. Harding
Deputy Clerk to the Board
cc: Stanley Sessions, Assessor
DUCHARME, MCMILLEN &ASSOCIATES, INC.
3050 W AGUA FRIA FWY, SUITE 250 -
PHOENIX AZ 85027
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