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Home My WebLink About20032139.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2003, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: FIRST CHOICE BANK CIO WELLS FARGO BANK P O BOX 63931 SAN FRANCISCO, CA 94163 DESCRIPTION OF PROPERTY: ACCOUNT#: R0057193 PARCEL #: 095913221001 - GR WLV-1 TRACT 1 WESTLAKE VILLAGE CENTER 2164 35 AV GREELEY 00000 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 John Olson, Deloitte and Touche, LLP, 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 $ 253,548 Improvements OR Personal Property 1,054,772 TOTAL $ 1,308,320 2003-2139 /j AS0055 (o : AJ/ at E-7-, '06> RE: BOE - FIRST CHOICE BANK 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 fora 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. 2003-2139 AS0055 RE: BOE - FIRST CHOICE BANK 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 28th day of July, A.D., 2003. BOARD OF COUNTY COMMISSIONERS W COUNTY, COLORADO ?'KL 444 C / '� David E. Long, Chair el- .' y %-rk to the Board EXCUSED `1861 _ — Robert D. Ma n, Pro-T m `® �rk to the Board co� � D AS TO FORM: M. J. G ile RECUSED �, Willia H.gJeer e As taut o4ity" Attor fir,/ '� lI� Pf� Glenn Vaad Date of signature: ___1 2003-2139 AS0055 07/09/03 09:29 FAX WELD ASSESSOR la 001 NOTICE OF DENIAL OFFICE OF COUNTYASSESSOR GR WLV-1 TRACT 1 WESTLAKE VILLAGE 14GR GREELENORTHY, 17th AVE. 31 CENTER 2164 35 AV GREELEY 0 0 0 0 0 • GR E T.3650 PHONE(970)353-3845,EXT.3650 I WIDc OWNER: 1ST CHOICE BANK COLORADO 1ST CHOICE BANK • LOG 3080 C/O WELLS FARGO BANK PARCEL 095913221001 P O BOX 63931 ACCOUNT R0057193 SAN FRANCISCO, CA 94163 YEAR 2003 The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined that your property should be included in the following catcgory(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 tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget hearings. 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: No change has been made to the valuation of this property. Colorado law requires us to send this notice of denial for all properties on which we do not adjust the value. If subject property is filed to the next level of appeal, copies of the actual leases will be requested. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE • OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW COMMERCIAL, 1308320 • 1308320 C'... TOTALS S $1308320 i308320 APPEAL DEADLINES: REAL PROPERTY-JULY 15,PERSONAL PROPERTY—JULY 21. 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. 07/09/2003 By: Stanley F. Sessions WELD COUNTY ASSESSOR DATE 15-DPT-AR Form PR-207.87433 ADDITIONAL INFORMATION ON REVERSE SIDE PAGE 114"RCVD AT 7191200310,29:13 AM[Mountain Daylight Time]"SVR:15 t DNIS,345"CSID:t DURATION(mmis),01.36 07/09/03 09:29 FAX WELD ASSESSOR a 004 • YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'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 21 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 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, (3O3)866-588O. 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 11. TO PRESERVE YOUR APPEAL RIGHTS,YOU MUST PROVE YOU HAVE 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 YOU APPEAL INVOLVES REAL PROPERTY, YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as necessary. 4f910/ OOZ) THE PROPERTY IS VALUED IN EXCESS OF FAIR MARKET VALUE BASED ON THE THREE APPROACHES TO VALUE. IN ADDITION,THE PROPERTY IS VALUED IN EXCESS OF OTHER SIMILARLY SITUATED PROPERTIES. SIONA I LIRE OF PEI ITIONER • DA ft PAGE 4141 RCVD AT 7191200310,29:13 AM[Mountain Daylight Timej'SVR,15'DNIS,345 CSID:'DURATION(mmtss):01.36 MAR-07-2003 11:36 DELOITTE TOUCHE, LLP 510 273 2c t P.01/01 Corporate Prom:Nes 633 Folsom Street,6th Floor San Francisco,CA 94107 WELLS FARGO LETTER OF AUTHORIZATION FOR TAX REPRESENTATION This letter serves as authorization for Deloitte & Touche LLP, 2235 Faraday Avenue, Suite O, ¶ Carlsbad,-CA 92003, 760-602-5300, to represent Wells Fargo Bank in its affairs concerning dfo ball property tax matters for all parcels in the jurisdictions within the state of Colorado. This ei includes, but is not limited to: filing property renditions, signing and filing of appeals, examining all property tax records, representation before the assessor, boards of equalization or review, and/or any other governmental agency responsible for the assessment of property. This agency shall remain in effect until written notice of termination is issued by Wells Fargo Bank. Tax Year: 2003/04 * Deloitte & Touche LLP 555 17th St. , Ste 3600 Wells Fargo Bank Denver, Co 80202 OWNERSHIP ENTITY (303) 30II-2191 By: $1228144I f TL7RE Katherine S. Burcham. Vice President AORIZED SIG A PRINT NAME, TITLE Dated this day of , 2003. I certify that a copy of the completed application for changed assessment attached to this authorization has been forwarded to the applicant named in this application. Deloitte & Touche LLP By: Matt Polling Date: Client Name: Wells Fargo Bank PAGE 111"RCVD AT 31712003 11:25:48 AM(Pacific Standard TImel•SVR:13"DNIS:9389•CSID:510 273 2335•DURATION(mm-ss):01-02 TOTAL P.01 i A VALUE ANALYSIS OF Wells Fargo Bank West Wells Fargo-Westlake Main 2164 35th Avenue Greeley, CO 80634 SCHEDULE NUMBER: R0057193 ASSESSOR'S ACTUAL VALUE $1,308,320 TAXPAYER'S OPINION OF ACTUAL VALUE $910,000 Prepared by Deloitte &Touche Property Tax Services John Olson 720-264-4822 As of txHIS$T January 01, 2003 WEL-1268 Wells Fargo Greeley Westlake Main Pro Forma Income 2003.xls.Cover 1 DELOITTE & TOUCHE PROPERTY TAX SERVICES VALUE SUMMARY Consultant John Olson D & TSA T SA WEL-1268 Property Name Wells Fargo- Westlake Main Location 2164 35th Avenue Greeley, CO 80634 Property Type Bank Branch Site Size (Acres) 1.4550 Site Size (SF) 63,380 Description of Improvements 1 Story YOC 1995 NLA (SF) 11,368 Major Tenants Wells Fargo Age (Years) 8 Tax Account Parcel Numbers R0057193 Tax Year 1/1/2003 2003 Assessed Value Land $253,548 Land/SF $4.00 Improvements $1,054,772 lmprovements/SF/NLA $92.78 Personal Property $0 Total $1,308,320 Total/SF/NLA $115.09 Wells Fargo Greeley Westlake Main Pro Forma Income 2003.xls -1- 2 OWNER'S OPINION OF VALUE Total $910,000 Value/SF of NLA $80.05 ASSESSED VALUE(2003) Land $253,548 Improvements $1,054,772 Personal Property $0 Total $1,308,320 Assessed Value/SF of NLA $115.09 3 Wells Fargo Greeley Westlake Main Pro Forma Income 2003.xIs -2- DELOITTE & TOUCHE PROPERTY TAX SERVICES VALUE SUMMARY KEY ELEMENTS Net Leasable Area (NLA) 11,368 Market Rent/SF $8.00 Market Expenses/SF $0.64 Occupancy (as of January 1) 100% Stabilized Occupancy 95% Deferred Maintenance $0 Actual Gross Rental Annual Income (2002) $0 Actual Expenses (2002) $0 Actual Net Operating Income (2002) $0 4 Wells Fargo Greeley Westlake Main Pro Forma Income 2003.xls -3- DELOITTE &TOUCHE PROPERTY TAX SERVICES WEIGHTED EFFECTIVE MARKET RENT ANALYSIS Base Period Leases Total Leasable Area: 11,368 Property Name: Wells Fargo-Westlake Main industrial Leases Net tenable Area: 11,3681 Term Effective Ann. Effective Tenant SF Leased (Years) Annual Income Income Rate/SF Weighted Averages #DIV/01 - #DIV/0! 5 DELOITTE & TOUCHE PROPERTY TAX SERVICES VALUE SUMMARY Gross Annual Income $90,944 Exp. Recov. $0.00 psf 0 Total Gross Annual Income $90,944 Less: Vacancy and Credit Loss 4,547 Effective Gross Income $86,397 Less: Expenses - net of taxes or $0.00 psf 0 Less: Tenant Finish psf Less: Leasing Commissions psf Net Operating Income $86,397 AD VALOREM TAXES Rather than deduct taxes as an expense, the tax rate is added to the OAR. Tax rate per$100 is as follows: City 0.00% School 0.00% County and Special Districts 0.00% Tax Rate/$100 0.00% 6 Wells Fargo Greeley Westlake Main Pro Forma Income 2003.xls -4- DELOITFE&TOUCHE PROPERTY TAX SERVICES VALUE SUMMARY Suitt-up(Mortgage Equity)Technique: RO— x M+ E) MR ER RG =Overall Rate � x M = 0.75 M = Loan-to-value ratio RM= 0.0967 RM = Capitalization rate to mortgage constant (8.5%, 25 years, $1) RE = 0.09 RE = Capitalization rate to mortgage equity(Equity dividend) Ro = 0.0950 OAR Selected 9.50% Plus: Tax Rate 0.00% Composite Overall Capitalization Rate 9.50% Note:Long-term mortgage rate per Korpacz Real Estate Investor Survey;based upon 25-year term. SUMMARY OF INCOME CAPITALIZATION APPROACH Not OAR =! VALUE $86,397 9.50% $909,440 Less: Deferred Maintenance/Environmental $0 Less: Income Loss due to Lease-up $0 Value by Income Capitalization Approach Rounded to, $910,000 7 Wells Fargo Greeley Westlake Main Pro Forma Income 2003 xis -5- 2164 35th Avenue Wells Fargo Bank-Improved Sales Summary Greeley,CO 80634 ASSESSED ASSESSED ASSESSED AND BLDG TOTAL YEAR LAND BUILDING VALUE- VALUE- VALUE- A.V./ A.V./ A.V./ SCNED NO. SITE ADDRESS BUILT SO_FT. SO.FT. LAND BUILDING TOTAL SO,FT SO.FT SO.FT Number Street SUBJECT R0357193 216435th Avenue 1995 03,380 11,388 $253,548 $1,054,772 $253,548 $16.54 $92.70 $22.30 COMPARABLE SALES USE SALES PRICE SALE/SQ.FT DATE OF SALE RECORDING 84312-10002 265 E Cheyenne Madan BM Colorado SpYge 1979 76.217 13,222 Bank Brads $3,050,000 $230.60 12/19/2002 225649 64171-08001 1700 E Platte Ave Colorado Spkos 1965 73,260 10,780 Bank Brats $2,600,000 $260.22 12/29/2000 158399 64114-02-017 805 N Murry BM Colorado Sphpe 1970 137.480 42,448 Bak Brats $2,000.000 $47.12 8/22/2001 121516 49-113-18-001 215 SWadseoMBM Denver 1913 96,833 38,537 Bak Branch 11.828.850 150.00 4/29/2008 JFC-43214 72014-01-004 137255elIwa Rd Colorado SIMMS 1909 127,630 10,478 Bak Brats $1,650,000 $157.47 12/10/2001 180405 39242-08017 6011 W 441 Ave Denver 1970 50,006 18,928 Bak Brandi $1,650,000 $87.17 9/192002 1588321 1575054-08003,008 511 South Baader Rd Denver 1980 33,559 6224 Bak Branch $1,550,000 $249.04 9/16/2002 2331498 72014-01-004 13725 Sbudws Rd Colorado SpIn04 1990 127,630 7,379 Bank Brandt $1,500,000 $203.28 12/82000 145709 2231.033-05014 6756S Yosemite St Decreer 65,732 5,500 Bak Brad. $1,250,000 $227.27 1/2/2002 120948 64112.10001 1415 N Academy BM Colorado SIAM 1965 73.018 6814 Bank BrarcA $1,056000 $119.13 11/6/2001 162424 157504'84 003,008 511 Sato Bpkd Rd Denver 1880 33,559 6.224 Bank Brats $1,000.003 $180.67 4/22/2002 2279571 6411401-013 943 Emery Cir Colorado Spkoa 1801 91.040 12,741 Bak Brad, $895,000 $70.25 3/19/2001 32334 64112-10-001 1415 N Academy BM Colorado Spr0Ma 1985 73,818 5.814 Bank Broth $833,800 $94.81 11/6/2001 182423 1825-0$2-00056 3454 W 7226 Ave Denver 1976 54,604 5,941 Bank Brardi $740,000 $124.50 3/22/2000 652212 39-231.12-003.004 4470-4490 Wadsworth BM Denver N/Av 103,455 800 Bank Brats $675,000 $1,125.00 5/62002 1476466 64181-12-018 225 Ekberg St Colorado Salvos 1972 14,250 641 Bak Brads $650,000 $772.89 6/7/2031 77595 1201-21.025:028 4895 Quebec St Denver 1965 30,518 6,380 Bak Brach $600,000 $94.34 4/1/2033 DVC-34067 8318802805 15 Rodvhmmn BM Colorado Salvos 1984 26,194 800 Bak Barrli $475,000 $587.14 10/6/2000 121195 6208826-025 13680 Glam.*Dr Colorado Springs 1995 37,000 1.510 Bak Burch $375,000 $248.34 7/10/2001 98109 6051-06-018 8700 E Colfax Ave Denver 1988 19,500 7,800 Bonk Branch 1926,000 $41.67 5/4/2000 62295 REQUESTED VALUE CALCULATION R0367193 216435thAvenue 1995 63,380 11,388 I $910,0001 I 80.049261061 CO Cost Approach to Value R0057193 Wells Fargo-Westlake Main 2164 35th Avenue Greeley,CO 80634 Base Square Foot Cost $111.79 M&S Average of Class A,B,C Square Foot Refinements Elevator $ - Included in Base Cost Deduct$3.50/ Sprinkler $ - $3.00/SF for Wet and$3.50/SF for N Other $ - Other $ - Other $ - Adjusted Base $111.79 Height&Size Refinements Height 100.00% .5%for each story over 3 and under: Perimeter 100.00% Adjusted Base $111.79 Final Calculations Refined S.F. $111.79 Current Cost Multiplier 100.00% Local Multiplier 102.00% Current&Local 102.00% Final Adjusted Cost SF $ 114.02 Architect Fees at 2% $2.28 Final Square Foot Cost $116.30 Building Square Footage 11,368 Total Building Cost $1,322,131 Depreciation Physical 8 45 17.78% Functional(Super Adequacy) 10.00% Higher Common Area Ratio,Excess Locational Measure by Comparing to Income Ar Total Depreciation 27.78% Total Building Cost $1,322,131 Less Indicated Depredation $367,259 Total Indicated Building Value $954,872 Land Value $253,548 Miscellaneous Improvements $25,000 Total Value before Economic Depreciation 1,233,420 Required Rent to Support Development at Cap Rate $ 10.31 Current Estimate of Market Rent $ 8.00 Income Short Fall Calculation of Obsolesence -22% Estimated Value Via Cost Approach $ 957,305 9 7 1 Corporate Properties 633 Folsom Street,6th Floor San Francisco,CA 94107 WELLS FARGO LETTER OF AUTHORIZATION FOR TAX REPRESENTATION This letter serves as authorization for Deloitte & Touche LLP, 2235 Faraday Avenue, Suite O, Carlsbad, CA 92008, 760-602-5300, to represent Wells Fargo Bank in its affairs concerning all property tax matters for all parcels in the jurisdictions within the state of Colorado. This includes, but is not limited to: filing property renditions, signing and filing of appeals, examining all property tax records, representation before the assessor, boards of equalization or review, and/or any other governmental agency responsible for the assessment of property. This agency shall remain in effect until written notice of termination is issued by Wells Fargo Bank. Tax Year: 2003/04 Wells Fargo Bank OWNERSHIP ENTITY , _ By: fr1 /r4 � ��Q Katherine S. Burcham, Vice President ARIZED SIG AT PRINT NAME, TITLE Dated this /07% day of / , 2003. I certify that a copy of the completed application for changed assessment attached to this authorization has been forwarded to the applicant named in this application. Deloitte & Touche LLP By: Matt&9l ' g Date: ,7/O/O3 Client Name: Wells Fargo Bank 10 a CLERK TO THE BOARD Kit PHONE (970)356-4000 EXT 4217 FAX: (303) 352-0242 WEBSITE: www.co.weld.co.us ' 915 10TH STREET 111 D P.O. BOX 758 GREELEY, COLORADO 80632 - • COLORADO - - July 18, 2003 FIRST CHOICE BANK CIO WELLS FARGO BANK P O BOX 63931 SAN FRANCISCO CA 94163 Parcel No.: 095913221001 Account No.: R0057193 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 28,2003,at or about the hour of 3:00 PM, 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. r FIRST CHOICE BANK - R0057193 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 F EQUALIZATION Carol A. Harding Deputy Clerk to the Board cc: Stanley Sessions, Assessor DELOITTE & TOUCHE LLP 555 SEVENTEENTH ST. STE 3600 DENVER, CO 80202-3942 Hello