HomeMy WebLinkAbout20012218.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 2001, WELD COUNTY, COLORADO -STIPULATE
PETITION OF:
WILMINGTON TRUST CO TRUSTEE
C/O UNITED ARTISTS THEATRE CIRCUIT
P O BOX 5227
ENGLEWOOD CO 80155-5227
DESCRIPTION OF PROPERTY: ACCOUNT#:R0165790 PARCEL#:095913400041 -GR 17565
PT SE4SE4 13 5 66 BEG NOD26'E 85' OF SE COR SEC N88D20'W 532.7' N43D01'W 609.51'
S89D34'E 951.75'S0D26'W 453.9'TO BEG EXC BEG SE COR SEC NOD26'E 125' N88D20'W
50'TO TRUE POB N88D20'W 200' N0D26'E 378.54' S89D34'E 199.95' SOD26'W 382.82' TO
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 2001, 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 2001, 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 $ 387,504 $ 387,504
Improvements OR
Personal Property 287,496 236,441
TOTAL $ 675,000 $ 623,945
WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld
County Board of Equalization.
2001-2218
AS0049
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RE: BOE - WILMINGTON TRUST CO TRUSTEE
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 3rd day of August, A.D., 2001.
BOARD OF COUNTY COMMISSIONERS
WELD CO , COLORADO
ATTEST: (L14,%% 7. . 4642
eile, C air
Weld County Clerk to the Board
� �.` ��?j�' aad, Pro-Tem
BY: •
Deputy Clerk to the Board i 1861 1(( -\
. Tri �,. Je`e
APPROVED AS TO FORM: `O
ni
�/l.Ch 4 n , as 1i;E. Long
lant Cgjnty Attorney 0 /
R.bert D. as.en
2001-2218
AS0049
97/24/2001 15: 38 2147542021 SALT PAGE 04/05
' 07/24/01 15:27 FAX WELD ASSESSOR 16004
•
2001
COUNTY BOARD OF EQUALISATION
WELD COUNTY •
.ASSESSOR' S ACCOUNT NUMBER R0165790
STIPULATION .(As To Tax Year 200 Actual Value)
RE PETITION OF
NAME: WILMINGTON TRUST CO TRUSTEE'
C/O UNITED ARTISTS
ADDRESS: PQ BOX 5227
ENGLEWOOD. CO solss-5227
•
Petitioner(s) ,WILMINGTON TRUST CO TRUSTEE and the Weld County
Assessor, hereby enter into this Stipulation regarding the tax year
2001 valuation of the subject property, and jointly move that the
Board of Equalization to enter its order based on this Stipulation.
Petitioner(s) and the Assessor agree and stipulate as follows:
1 . The property subject to this Stipulation is described as:
PT SE4SE4 1.3 5 6F. AKA 2$13 W. 28TH STREET GREELEY. CO
80631.
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 year 2001
Land $ 387,6911
Improvements $ 287,496
Total 5_12.5S.
•
4. After further review and negotiation, the petitioner(s)
WILMINGTON TRUST CO TRUSTEE and Weld County Assessor agree to the
following actual value for the subject property.
Land $ 38 .504
improvements $ 236.441
Total $ 623 .945
5 . The valuations, as established above, shall be binding
only with respect to tax year 2001
•
2001.2218
07/24/2001 15:38 2147542021 SALT PAGE 05/05
. 07/24/01 15'27 FAX HELD ASSESSOR 81005
6 . Brief narrative as to why the reduction was made:
PROFORMA INCOME RECALULATED AFTER LEASE DETAILS WERE CLARIFIED.
7 . Both parties agree that the hearing scheduled before the
Weld County Board of Equalization on(date) 08/03/01
at 9 : 00 AM (time) be vacated; or, a hearing has not yet
been scheduled before the Board of Equalization_(check
if appropriate) .
DATED this 24 day of JULY ,2001.{t
Petitioner(s) Or Attorn'-y Petitioner (S) or Attorney
Addr s :ri (at Cf, , ekr cng ADO Address:
tmc 15,101
Telephone: 01.11E"$if0- 23fQiel Telephone:
/77144&
4"/Cit+Aer
County segso
Address:
1400 N.17th Avenue
Greeley, CO 80631
(970)353-3845 ext. 3656
NOTICE OF DENIAL
OFFICE OF COUNTY ASSESSOR
/ 6 I'm' - . - - - . - 4 . GR 17565 PT SE4SE4 13 5 66 BEG 1400 NORTH 17th AVE.
N0D26 ' E 85' OF SE COR SEC N88D20'W GREELEY,CO 80631', 532 . 7' N43D01'W 609 . 51' S89D34 ' E PHONE(970)353-3845.EXT.3650
sr , 951 . 75' S0D26'W 453 . 9' TO BEG EXC
Wi`P�. tMBB 20 W 5 SET NTR2E' E E25'
8D20'W 50 ' TO TRUE POE N88D20 'W
COLORADO Ri:C - OWNER: WILMINGTON TRUST CO TRUSTEE
KPMG LLP LOG 4477
DAVID KLINE PARCEL 09591340004
200 CRESCENT COURT SUITE 300 ACCOUNT R0165790
DALLAS, TX 75201-1885 YEAR 2001
Owner: WILMINGTON TRUST CO TRUSTEE
The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined that
):
LommerciaJ. proepertyh sl°vaiue'ryby 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 as follows:
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 th
value .
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
COMMERCIAL 675000 675000
b /5000 b /5000
TOTALS $ $ $
APPEAL DEADLINES: REAL PROPERTY-JULY 16,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.
06/24/2001
By: Stanley F. Sessions
WELD COUNTY ASSESSOR DATE
I5-DPT-AR
Form PR-207-87/99 ADDITIONAL INFORMATION ON REVERSE SIDE -
YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION
The County Board of Equalization will sit to hear appeals beginning July 2 and continuing through August 6 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 compleated form to the County
Board of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED
ON OR BEFORE JULY 16 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 6.
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.
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 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, C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR
AMOUNT. Attach additional documents as necessary.
Subject bettcvect -tv be allove A}av!(,ef Value avid uviegqua»y
0k5cMed . Ouv (7Dloiovl of value is (3 (o2.3,QtF5• awe Vat-e @ $8.00/6
(_(,Q�'(7/l�� I�t��,t�J� -t-hpilie hef.
SIUNAI UKE U-Ptl l I Ik VA't/'810 I
United Artists
Cooper Town
2333 W 28th St
095913400041
Income Approach Proforma
Total Sq.Ft. 10,470
YOC 1970
Lease Rate(Per/Ft.) $8.00
Income Approach
Rental Revenue $ 83,700
Vacancy(5%) $ (4,185)
Expenses(13%) $ (10,881)
NOI $ 68,634
Capitalized at 11% $ 623,945 $59.59 p/sf
KPMG
Property Tax
eT/Ai CLERK TO THE BOARD
PHONE (970)356-4000 EXT 4217
FAX: (303)352-0242
' WEBSITE: www.co.weld.co.us
915 10TH STREET
P.O. BOX 758
O GREELEY, COLORADO 80632
COLORADO
July 19, 2001
WILMINGTON TRUST CO TRUSTEE
C/O UNITED ARTISTS THEATRE CIRCUIT
P O BOX 5227
ENGLEWOOD CO 80155-5227
Parcel No.: 095913400041 Account No.: R0165790
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of August 3, 2001, at or about the hour of
9:00 AM,to hold a hearing on your valuation for assessment. This hearing will be held at the Weld
County Centennial Center, First Floor Hearing Room, 915 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 attomey
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 6,2001, and
mailed to you on or before August 10, 2001.
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.
At least two(2)working days prior to your hearing the Assessor will have available,at your request,
the data supporting his valuation of your property.
WILMINGTON TRUST CO TRUSTEE - R0165790
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 144/4471147
Donald D. Warden,
Clerk to the Board
BY: 411-7y1,1,
Dei A < .a T.
Carol A. Harding, puty
cc: Stanley Sessions, Assessor
KPMG LLP
DAVID KLINE
200 CRESCENT COURT SUITE 300
DALLAS TX 75201-1885
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