The URL can be used to link to this page

Browse Search

Home My WebLink About20001756.tiff PETITION TO STATE BOARD OF ASSESSMENT APPEALS For Office Use Date: July 17, 2000 81-0395620 Social Security or Tax ID Number of Petitioner Docket Number PETITIONER, North American Resources Company Y v—FEE Name of Property Owner c/o Logan & Firmine, Inc. , 333 W. Hampden Ave. , #740, Englewood, CO 80110-2337 Street Address,City.Lp Code of Subject Property Check Number appeals the decision of the Weld County Board of Equalization P F H County Name County Board of Commissioners Property Tax Administrator (check one) whioh-wasdated Failed to act in 6 months This appeal concerns: N Valuation. For tax year(s) 1997 & 1998 Refund/Abatement Exemption State Assessed (Check One) CONCERNING COUNTY SCHEDULE NUMBER(S): P1153397, P1153497 & P0005261 If more than one schedule number is involved,please list on a separate page. TYPE OF PROPERTY: This property is currently classified by the County as: Commercial Residential (Check One) Agricultural Vacant Land X Personal Other(Specify) ACTUAL VALUE: Actual value of subject property for year in question as set by the County$ 18,264,829 I believe the actual value of the subject property should be$ 12,421,090 REPRESENTATION: Please check appropriate response(s) Petitioner will be present at the hearing Q Petitioner requests a telephone conference call fl(Petitioner will call on scheduled date at time of hearing.) Petitioner will be represented by an agent In or a Colorado Attorney fp ESTIMATED TIME FOR PETITIONER TO PRESENT THE APPEAL: Minutes or 3 Hours Not less than 30 minutes. Board will allow equal time to Respondent. ATTACHMENTS: The following documents MUST BE ATTACHED to your appeal In order for the Board to accept firing. 1) The decision being appealed 2) Assessor's Notice of Denial OR Notice of Valuation 3) If an agent is filing or representing you a notarized letter of authorization will be needed from the Petitioner 4) Identify the names and last known addresses and telephone numbers of other parties"directly interested" in the petition including co-owners. CERTIFICATE OF MAILING Q(] Copy to each person identified in attachment 4 above I certify to the Board of Assessment Appeals that I have mailed or hand delivered D County Board of EqualMabon one complete copy of this appeal to the Weld ®County Board of Commissioners County Property Tax Administrator in Greeley ,Colorado on July 17, 2000 (check one-should be the same as the City Date '��y�/-'� dedsion being appealed) Logan & Firmine, Inc. �'_�� • d �i• • (circle One) )or Attorney Petitioner's gnat re 333 W. Hampden Ave. , #740 333 W. Hampden Ave. , #740 Mailing Address Mailing Address Englewood, CO 80110-2337 Englewood, CO 80110-2337 City,State,Zip City,State,Zip Telephone: 303-761-8260 Telephone: 303-761-8260 Bnx-unay.ae Daytime number,please a y ' i C, , '/4' I\\ C)-()) t\tLC) \1 .. . .j} Cf, .I - CC : OAS 1-15-5,R�_1-15-5,R2000-1'56 To: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 From: North American Resources Company 16 East Granite Street Butte, Montana 59701 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 cer and supersedes all prior authorizations. Sign • �� $ Title: President and COO Phone: (406) 496-5197 Date: June 13, 2000 NOTICE OF VALUATION PERSONAL PROPERTY CORRECTED NOW! 11. This Is Not a Tax Bill LEGAL DESCRIPTION: Weld Warren L.County L ssessor SW4SW4 34 1 68 SECT, TWN,RNG:34-01-68 1400 N. 17th Avenue Greeley, CO 80631 Date:07/01/98 HEARING DATES: 6/15/98-7/6/9 8 LOCATION: 400 N 17th Avenue NORTH AMERICAN RESOURCE COMPANY OFFICE HOURS: 8 :30 - 4 : 00 C/O LOGAN & FIRMINE INC. TELEPHONE NO: (970) 353-3845 x-3650 333 W. HAMPDEN AVE. SUITE 740 FAX NO: (970) 3514)978 ENGLEWOOD CO 80155 TAX YEAR: 1998 TAX AREA: 1371 PARCEL NO: 146734000004 03 ACCOUNT NO: P1153397 PROPERTY PRIOR ACTUAL VALUE CURRENT VALUE DECREASE PRO]) PERS PROP 360000 344862 -15138 /01/00 /000/0 TOTAL 360000 344862 -15138 TV) /s;U0-0-0IIr---p3 Parcel# P1153397 Account# To appeal by mail, list your name, address, and phone#below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Weld County Assessor 1400 N. 17th Avenue, Greeley, CO 80631 An assessment percentage will be applied to the actual value of your property before taxes are calculated. Personal property is assessed at 29%of actual value (39-1-104(1) and(1.5)(a), C.R.S.). Your property was valued as of January 1 of the current year. The "current year actual value" represents the actual or market value of your property. The tax notice you receive next January from the treasurer will be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: Verification: I the undersigned state the information and facts contained herin to be true to the best of my knowledge reguarding the property. Signature: Owner/Agent Date: Address: _ Daytime Phone#:( ) ___ -- NOTICE OF VALUATION PERSONAL PROPERTY CORRECTED This Is Not a Tax Bill LEGAL DESCRIPTION: Weld r ren L. Laselty ssessor 1400 N. 17th Avenue SW4SW4 34 1 68 SECT, TWN,RNG: 34-01-68 Greeley, CO 80631 Date: HEARING DATES: 07/31/97 LOCATION: OFTELEPHONE ONE)N NO: C/O 184$e T LO AN &CANR RESOURCE MINE INC. COMPANY �ryUU 4351-0 333 W. HAMPDEN AVE. SUITE 740 ENGLEWOOD CO 80155 TAX YEAR: TAX AREA: 1997 PARCEL NO: 1371 ACCOUNT NO: 146734000004 03 P1153397 PROPERTY PRIOR YEAR CURRENT YEAR INCREASE/ CLASSIFICATION ACTUAL VALUE ACTUAL VALUE DECREASE PROD PERS PROP 0 360000 3600D0 ricks- 4z /o/Hoo TOTAL -Agnnnn gCn000 _—_ Parcel# 146734000004 03 Account# P1153397 To appeal by mail, list your name, address, and phone #below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Weld County Assessor 1400 N. 17th Avenue, Greeley, CO 80631 An assessment percentage will be applied to the actual value of your property before taxes are calculated. Personal property is assessed at 29%of actual value (39-1-104(1) and(1.5)(a), C.R.S.). Your property was valued as of January 1 of the current year. The "cta-re'M year actual value" represents the actual or market value of your property. The tax notice you receive next January from i he treasurer will be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: Verification: 1 the undersigned state the information and facts contained herin to be true to the best of my knowledge reguarding the property. Signature: Owner/Agent Date: Address: Daytime Phone #:( r ORM 920(68.93) PETITION FOR ABATEMENT OR REFUND OF TAXES Must be filed In duplicate and all questions must be answered. _- Petitioners: Complete this side only. Englewood , Colorado, December 20, , 19 99 City or town lb The Honorable Board of Commissioners of Weld County Gentlemen: The petition of North American Resources Company -- whose mailing address is: c/o Logan & Firmine, Inc. , 333 W. Hampden Ave. , #740 Englewood Colorado 80110-2337 _- , Sts 9a Cad,City oekr.m SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS.LISTED ON TAX ROLL P11534O7 Miscellaneous Compressors respectfully requests that the taxes assessed against the above property for the years A.D. 19.2Z. , 199$._, are erroneous, illegal, or due to error in valuation for the following reasons: Describe specifically the circumstances surrounding the incorrect value or tax, including owner's estimate of value. (Attach additional sheets if necessary) North American Resources Company purchased various oil and gas gathering systems on December 31, 1996. The compressors acquired with these systems were originally recorded and rendered at a new cost as of December 31, 1996. Since these compressors were several years old at the time of purchase, the value reported was in excess of the fair market value as of the acquisition date. Subsequent to the acquisition, North American Resources Company solicited bids to determine the fair market value of these compressors as of the acquisition date and has since adjusted its records accordingly.This . See schedulesifornthe owner' sent" is a estimate ofsult valuefashofeJanuarrys1, 1997the at For tached 1997 1998 Assessed Value lax Assessed Value Tax O►lg• 104400 9328.04 100010 8812.68 70018 6256.00 67073 5910.36 Abate. Bal. 34382 3072.04 32937 2902.32 12166.36 Therefore the petitioner requests that the taxes may be abated or refunded in the sum of$ — 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. c/o Logan & Firmine, Inc. 333 W. Hampden Ave. , #740 North American Resources Company Address Englewood, CO 80310-2337 P,ppener By /.2/a19 aytime phone number 303-761-8260 AO•nt Date Every -114 o petition sf for abatementonbyhe refundaboard fded of county conunissioners oursuant to section r the assessor,,aas appropriate, within tosix acted upon pursuant the provisions of this section by C.R.S. months of the date of filing such petition. 39-1-113(1.7), Xafal.Eal•Nat.6X)—SSW 146 I NORTH AMERICAN RESOURCES COMPANY I.__ • Colorado-Miscellaneous Properties 1997 1 ' I I i i I Assessed Revised Cost- Adjusted I Assessed I I I I Original Cost I Actual Value L , Value i Original Market Value Market I Value Revised I CountyL. - Description ISch.No Iparcel Number Per Return 1 Per NOV Per NOV 1997 Taxes 111197 Value @ 111/97 • tW 29°/. 1997 Taxes - Abatement __-_— .__ _ .. __ E_ — —� __ _ I_ _. _... Weld - 1 - I Miscellaneous Compressors I i ! __-I 1. C-225 McKay Lake Compressor P1153397 S 375,000 I $ 360,000 '196.00% $ 104,400 1 $ 9,328.04 I $ 123,500 j $ 118,560 I $ 34,3827 3,072.03! 6,256.00 -_ _ j I I $ 375,000 I $ 360,000 ; $ 104,400 I $ 9,328.04 I $ 123,500 ; $ 118,560 1 $ 34,382 I 3,072.031 6,256.00 _ _ k , C-100 Compressor P1153497 I $ 500,000 1-- 480,000 96.00% I S 139,200 i$ 12,437.3!81 $ 187,667_II 180,160 I $ 52,246! 4,668.17 7,769.20 1 C-220 C-100 Lateral Compressor P1153497 rI $ 500,000 f $ 480,000 ,9600%Ti- 139,200 I$ 12,437.38 1 $ 187,667 ! $ 180,160 ; $ 52,246 I 4,668.17, 7,769.20 ! ._ ._-T_--- I$ 1,000,000 I $ 960,000 I I $ 278,400 15 24,874.76 1 $ 375,334 $ 360,321 I $ 104,493 I 9,336.341 15,538.40 I i—___.___._ ! H ! E i I L __— _ __ _ ! ___in i _i__ I I I i I 1 i 1 i i I 1 1 4 L i 1 —� i_ r — I i I — i 4 T T _ Page 4 o₹-6 NORTH AMERICAN RESOURCES COMPANY Colorado-Miscellaneous Properties 1998 I ; L_ - - - Assessed 1 Revised Cost-1 Adjusted Assessed Original Cost Actual Value i Value + Original Market Value Market Value Revised I Co�nN Description Sch.N9. Parcel Number Per Return - Per NOV r Per NOV j 1!97 Taxes if 111/98 - i Value(#1/1/82 i elgji rt997 Tares .. - Abatement Weld ' - — -- --- -- _4_. --— -- i_ -f---- + --}•---- ________I Miscellaneous Compressors _ _ I -C-225 McKay Lake Compressor jP1153397 $ 375,000 'i $ 344,862 191.96% j$ 100,010 1 $ 8,812.68 t$ 123,5001$ 113,575 S 32,9371- 2,902.31 5,910.36 $ 375,000 $ 344,862 I j$ 100,010 I$ 8,812.68 i $ 123,500 I S 113.575 j$ 32,937 2,902.311 5,910.36 _— — —1 — I I a — 1 -- -- C-215 C-100 Lateral Compressor P1153497 J $ 500,000 $ 459,818 191.96% $ 133,345 1$ 11,750.09 $ 187,667 $ 172,585 ' $ 50,0507 4,410.26 7,339.82 C-220 C-100 Lateral Compressor P1153497 $ 500,000 1$ 459,816191.96% S 133,345 I. $ 11,750.09 S 187,667 $ 172,585 1$ 50,0501 4,410.26 7,339.82 - _ + $ 1,000,000 I$ 919,632 $ 266,690 I $ 23,500.18 $ -375,334 j $ 345,169 I $ 100,099 4 8,820.52 14,679.64 --- __ -- - _ �! -- ----- 1- �I - _- ____, • . . --- .. - . --� ---- - ._. -- - .._ 1 - - _--- - __ t - � ..-- - - - - j -_ - _ - _-_ Page 4 ofd NOTICE OF VALUATION PERSONAL PROPERTY CORRECTED LEGAL DESCRIPTION: This Is Not a Tax Bill Warren L. Lase11 Weld County Assessor 1400 N. 17th Avenue SE4NE4 14 1 68 SECT,TWN,RNG: 14-01-68 MI Greeley, CO 80631 SC COMPRESSORS PARCEL: 146714000011 Date: HEARING DATES: 07/31/97 LOCATION: OFFICE ONE NU pq ,Q` tz^4 e NORTH AMERICAN RESOURCE COMPANY TELEPHONE NU: \}gg��/+"r�/ ��••s�c gi50 C/O LOGAN & FIRMINE INC. FAX NO: 9y 51-0 333 W. HAMPDEN AVE. SUITE 740 ENGLEWOOD CO 80155 TAX YEAR: TAX AREA: 1997 PARCEL NO: 1371 ACCOUNT NO: 146714000011 03 P1153497 PROPERTY PRIOR YEAR CURRENT YEAR INCREASE/ CLASSIFICATION ACTUAL VALUE ACTUAL VALUE DECREASE PROD PERS PROP 0 960000 960000 C 21 S d- 13< C -w f 3 1,200 �7 / TOTAL n rignnn0 90008A-- __ Parcel# 146714000011 03 Account# P1153497 To appeal by mail, list your name, address, and phone# below, detach the lower portion of this notice and mail, in accordance with instructions on the reverse side to: Weld County Assessor - 1400 N. 17th Avenue, Greeley, CO 80631 An assessment percentage will be applied to the actual value of your property before taxes are calculated. Personal property is assessed at 29%of actual value (39-1-104(1) and(1.5)(a), C.R.S.). Your property was valued as of January 1 of the current year. The"Ana year actual value" represents the actual or market value of your property. The tax notice you receive next January from the treasurer will be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: Verification: I the undersigned state the information and facts contained herin to be true to the best of my knowledge reguarding the property. Signature: Owner/Agent Date: Address: Daytime Phone#:( ) NOTICE OF VALUATION PERSONAL PROPERTY CORRECTED NOV# 12 This Is Not a Tax Bill LEGAL DESCRIPTION: Warren L. Lasell Weld County Assessor SE4NE4 14 1 68 SECT,TWN,RNG:14-01-68 MI 1400 N. 17tfhAvenue SC COMPRESSORS PARCEL: 146714000011 Greeley, CO 80631 Date:07/01/98 HEARING DATES: 6/15/98- )/6/98 LOCATION: 400 N 17th Avenue NORTH AMERICAN RESOURCE COMPANY OFFICE HOURS: 8 : 30 - 4 : 00 C/O LOGAN & FIRMINE INC. TELEPHONE NO: (970) 353-3845 x-3650 333 W. HAMPDEN AVE. SUITE 740 FAX NO: (970) 351-0978 ENGLEWOOD CO 80155 TAX YEAR: 1998 TAX AREA: 1371 PARCEL NO: 146714000011 03 ACCOUNT NO: P1153497 PROPERTY PRIOR YEAR CURRENT YEAR INCREASE/ CLASSIFICATION ACTUAL VALUE ACTUAL VALUE DECREASE PROD PERS PROP 960000 919632 -40368 ,27e4/00 244 690 TOTAL 960000 919632 -40368 T4-E714UU0 OTT----03-- Parcel# P1153497 Account# 1'o appeal by mail, list your name, address, and phone# below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Weld County Assessor 1400 N. 17th Avenue, Greeley, CO 80631 An assessment percentage will be applied to the actual value of your property before taxes are calculated. Personal property is assessed at 29%of actual value (39-1-104(1) and(1.5)(a), C.R.S.). Your property was valued as of January 1 of the current year. The"current year actual value" represents the actual or market value of your property. The tax notice you receive next January from the treasurer will be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: Verification: I the undersigned state the information and facts contained herin to be true to the best of my knowledge reguarding the property. Signature: Owner/Agent Date:_ Address: Daytime Phone#:( ) FORM 920(66-93) PETITION FOR ABATEMENT OR REFUND OF TAXES Must be filed in duplicate and all questions must be answered. Petitioners: Complete this side only. Englewood Colorado, December 20 , , 19 99 ay"' ' Weld County Tb The Honorable Board of Commissioners of Gentlemen: The petition of North American Resources m --740 whose; mailing address is: c/o Logan & Firmine, Inc. , 333 W. Hampden Ave. __ Colorado 80110-2337 Englewood ZIP Ceti. -- enr u rnen SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX ROLL P1153497 Miscellaneous Equipment respectfully requests that the taxes assessed against the above property for the years A.D. 19 32-, 195 , are erroneous, illegal, or due to error in valuation for the following reasons: Describe specifically the circumstances surrounding the incorrect value or tax, including owner's estimate of value. (Attach additional sheets if necessary) North American Resources Company purchased various oil and gas gathering systems on December 31, 1996. The compressors acquired with these systems were originally recorded and rendered at a new cost as of December 31, 1996. Since these compressors were several years old at the time of purchase, the value reported was in excess of the fair market value as of the acquisition date. Subsequent to the acquisition, North American Resources Company solicited bids to determine the fair market value of these compressors as of the acquisition date and has since adjusted its records accordingly. This "Petition For Abatement" is a result of these actions. See the attached schedules for the owner's estimate of value as of January 1, 1997 and 1998. 19 97 19 98 Assessed Value Tax Assessed Value Mu Orlg. 278400 24874.76 266690 23500.18 Abate. _11.19..g.________15.11122__ 166591 14679.64 Bale 104493 9336.36 100099 8820.54 30218.04 _ Therefore the petitioner requests that the taxes may be abated or refunded in the sum of$ 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 arid belief is true, correct and complete. c/o Logan & Firmine, Inc. 333 W. Hampden Ave. , #740 North American Resources Company Address r wnn 1 ro 80t to-2L_- Petition., By f /.:2/2o _Daytime phone number 303-761-8260 -- Aeon at. Every petition for abatement or refund filed pursuant to section 39-10-114 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. „aoaLs.Dow,x,-Merl« NORTH AMERICAN RESOURCES COMPANY _ -- - - Colorado-Miscellaneous Properties 1997 __. . .. . _ -1 ._—. —._. _ _..__ 1 _. _._ i__ • Assessed Revised Cost Adjusted Assessed 1 I___- _ _-___ T 1 1 Original Cost I Actual Value i I Value i Original Market Value Market Value Revised — _ County , Description 1801.No Parcel Number L Per Return I Per NOV 1 Per NOV 1 _ 1997 Taxes F .@ 111197 I; Value @:1/1 197 L. @ n r 1997 Taxes 1 Abatement 1_.. _.. � .__.1 — 1. . I 1 t __. Weld I I }}-- I - I -- -- I - --— —L ---- i - -- - I _ ..-- Miscellaneous Compressors 1 __ i L 1 i ' i 1 C-225 McKay Lake Compressor P1153397 {$ 375,000 1 $ 360,000 ;96.00% 1 $ 104,400 $ 9,328.04 I $ 123,5001 $ 118,560 j $ 34,382 1 3,072.03 6,256.00 1 I $ 375,000 1 $ 360,000 ' 1 $ 104,400 1$ 9,328.04 1 $ 123,500 I'$ 118,560 1 $ 34,382 1 3,072.031 6,256.00 - I 1 1 I 1 _ r I -- - -- I T I -I- 4 I- -C-215 C-100 Lateral Compressor , 500,000 , .00% 1 $ 139,200 $ _ 12,437.38 $ 187,667 I $ 180,160 $ 52,246 1 4,668.171 7,769.20 I C-220 C-100 Lateral Compressor I31153497 $ $ 480000 96 P1153497 $ 500,000 $ 480,000 96.00% 1 $ 139,200 $ 12,437.38 I$ 187,667 ` $ 180,160 I $ 52,246 i 4,668.171 7,769.20 I - 1 I 1 $ 1,000.000 1 5 960,000 1 $ 278,400 I s 24,874.76 1 $ 375,334 1I$ 360,321 1 $ 104,493 I 9,336.341 15,538.40 1 I 1 I A - -- — --- �-- 1 1 ----- 1 ---_—._ 1 - - 'r . I 1 - - — 1 — ', 1 — . -- I - _J I ;__ I -- 1 -- - - - I -- — I —I ! -- I• -- t_ I -I I a L f I 1 ' -----i- . I J. I L � _ _ _ —;— { I — I -- --1 Page4of8 I NORTH AMERICAN RESOURCES COMPANY - , I_ Colorado-Miscellaneous Properties 1998 1 1 • I j — I ! II -�I I Assessed I I Revised Cost- 1 Adjusted Assessed I 1 Original Cost I Actual Value I Value 1 Original (Market Value 1 Market • Value I Revised , — -- County 1 P4gcriotion Sch.No Parcel Number Per Return r Per NOV ! -I Per NOV I 1997 Taxes 111/96 1 Value(✓a 111197 1 — (a?29% j 1997 Taxes Abatement I 1 .__. 1 [ - --I ---1 - --i 1Weld I I _ i I - '--- - -- -- ---Miscellaneous Compressors I 1 I , C-225 McKay Lake Compressor P1153397 $ 375,000 $ 344,862 191.96% $ 100,010 1 $ 8,812.66 $ 123,500 1 $ 113,575 1-$ 32,937 1 2,902.311 5,910.36 $ 375,000 1 $ 344.862 1 1 $ 100,010 1 $ 8,812.68 1 $ 123,500 1 $ 113,575 1 $ 32,937 1 2,902.311 5,910.36 1 I I 1 1 L 1 i_ • I C-215 C-100 Lateral Compressor P1153497 $ 500,000 I$ 459,816 91.96% 1 $ 133,345 $ 11,750.091 $ 187,667 i1$ 172,58$ 50,050 1- 4,410.26 7,339.82 C-220 C-100 Lateral Compressor P1153497 1 1$ 500,000 1$ 459,816 91.96% 1 $ 133,345 $ 11,750.09 ! $ 187,667 $ 172,585 $ 50,050 1 4,410.26 7,339.82 , 1 1 $ 1,000,000 1 $ 919,632 I I $ 266,690 1 $ 23,500.18 1 $ 375,334 1 $ 345,169 $ 100,099 1 8,820.521 14,679.64 1 I I I -- - r 1 _ I ' I I I r I I 1_ - i - I - 1 n I I I L -1 __I ----' 1 =- ----i I-- -- I - I 1 _ I I L L - - -- -1I - I - I - i I i I ! I _ I ,— I -- - - - 1 ! I- - I I-- I I i- Page 4 of 6 NOTICE OF VALUATION PERSONAL PROPERTY CORRECTED LEGAL DESCRIPTION: This Is Not a Tax Bill Warren L. Lasell Weld County Assessor 1400 N. 17th Avenue SE4 28 1 67 SECT, TWN,RNG: 28-01-67 WATTE Greeley, CO 80631 NHERG GAS PLANT PARCEL: 146928000016 Date: HEARING DATES: 07/31/97 LOCATION: OFFICE HOUR 40� e NORTH AMERICAN RESOURCE COMPANY TELEPHONE NU: �3-3 n' 50 C/O LOGAN & FIRMINE INC. FAX NO: 51-0 333 W. HAMPDEN AVE. SUITE 740 ENGLEWOOD CO 80155 TAX YEAR: TAX AREA: 1997 PARCEL NO: 0808 ACCOUNT NO: 146928000016 04 P0005261 CLASSIFICATION ACTUAL VALUE ACTUAL VALUE DECREASE PROD PERS PROP 5222158 9403200 4181042 7-1/167 TOTAL. 5222158 94.0.3200 41811142 = Parcel# 146928000016 04 Account# P0005261 To appeal by mail, list your name, address, and phone # below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Weld County Assessor 1400 N. 17th Avenue, Greeley, CO 80631 An assessment percentage will be applied to the actual value of your property before taxes are calculated. Personal property is assessed at 29%of actual value (39-1-104(1) and(1.5)(a), C.R.S.). Your property was valued as of January 1 of the current year. The-ea-relit year actual value" represents the actual or market value of your property. The tax notice you receive next January from the treasurer will be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: Verification: 1 the undersigned state the information and facts contained herin to be true to the best of my knowledge reguarding the property. Signature: Owner/Agent Date: Address: Daytime Phone #:( _ ) NOTICE OF VALUATION PERSONAL PROPERTY CORRECTED NOV# 1 This Is Not a Tax Bill LEGAL DESCRIPTION: Warren L. Lasell Weld County Assessor SE4 28 1 67 SECT, TWN,RNG: 28-01-67 WATTE 1400 N. 17th Avenue NBERG GAS PLANT PARCEL: 146928000016 Greeley, CO 80631 • Date:07/01/98 HEARING DATES: 6/15/98-7/6/98 LOCATION: 2400 N 17th Avenue NORTH AMERICAN RESOURCE COMPANY OFFICE HOUR : 8 :30 - 4 : 00 C/O LOGAN & FIRMINE INC. TELEPHONE NO: (970) 353-3845 x-3650 333 W. HAMPDEN AVE. SUITE 740 FAX NO: (970) 351-0978 ENGLEWOOD CO 80155 TAX YEAR: 1998 TAX AREA: 0808 PARCEL NO: 146928000016 04 ACCOUNT NO: P0005261 PROPERTY PRIOR YEAR CURRENT YEAR INCREASE/ CLASSIFICATION ACTUAL VALUE ACTUAL VALUE DECREASE PROD PERS PROP 9403200 6277135 -3126065 /8gy77o 2‘, 93o 2, 7z6,4l0 /, d2ogn _ ._. ' /F TOTAL 9403200 6277135 -3126065 IzF6928U1T0U1s----04--- Parcel# P0005261 Account# To appeal by mail, list your name, address,and phone # below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Weld County Assessor 1400 N. 17th Avenue, Greeley, CO 80631 An assessment percentage will be applied to the actual value of your property before taxes are calculated. Personal property is assessed at 29% of actual value (39-1-104(1)and(1.5)(a), C.R.S.). Your property was valued as of January 1 of the current year. The "current year actual value" represents the actual or market value of your property. The tax notice you receive next January from the treasurer will be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: Verification: I the undersigned state the information and facts contained herin to be true to the best of my knowledge reguarding the property. Signature: Owner/Agent Date:__ Address: Daytime Phone #:( ) FORM 920(86-93) PETITION FOR ABATEMENT OR REFUND OF TAXES Must be filed In duplicate and all questions must be answered. Petitioners: Complete this side only. Englewood , Colorado, December 20. , 19 99 aey øt Town County To The Honorable Board of Commissioners of Weld Gentlemen: The petition of North American Resources Company whose mailing address is: c/o Logan & Firmine, Inc. , 333 W. Hampden Ave. , #740 Englewood Colorado 80110-2337 , $y» Zip Cad. a,y«m., SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED.ON TAX.ROLL P0005261 Wattenberg Gas Plant Parcel respectfully requests that the taxes assessed against the above property for the years A.D. 19_IL, 19,9-$_, are erroneous, illegal, or due to error in valuation for the following reasons: Describe specifically the circumstances surrounding the incorrect value or tax, including owner's estimate of value. (Attach additional sheets if necessary) North American Resources Company purchased various oil and gas gathering systems on December 31, 1996. The compressors acquired with these systems were originally recorded and rendered at a new cost as of December 31, 1996. Since these compressors were several years old at the time of purchase, the value reported was in excess of the fair market value as of the acquisition date. Subsequent to the acquisition, North American Resources Company solicited bids to determine the fair market value of these compressors as of the acquisition date and has since adjusted its records accordingly.This . See schedulesifornthe Abatement" is a ofsult valuefashofeJanuarrys1, 1997the at For tached 1997 1998 Assessed Value Tax Assessed Value 'tin Orig. 2726930 187724.58 1820370 127458.66 Abate. 619351 42636.60 _ 597745 41852.74 Bal. 2107579 145087.98 1222625 85605.92 Therefore the petitioner requests that the taxes may be abated or refunded in the sum of$ 84489.34 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. c/o Logan & Firmine, Inc. 333 W. Hampden Ave. , #740 North American Resources Company Address Englewood. CO 80110-2337 F d.», % 303-761-8260 By ! 1 zs�� aytime phone number NSW D Every petition for abatement or refund filed pursuant to section 39-10-114 shall be acted upon pur uant to the provisions of this section by the board of county commissioners or the assessor, as appropriate, six months of the date of filing such petition. 39-1-113(1.7), C.R.S. 1 NORTH AMERICAN RESOURCES COMPANY - _. 1 I I L_ i _. ._--.._ —_ .. —. __ - __ — 2225 _- I Colorado-Miscellaneous Properties 1997 5255. 5552 . -5225_— _ _i_ _ I 1i I _ _I_. I 1_ --.!2252__ A. _ — _-- - - -- • --- 5555-- - --- t - - -L , I Assessed Revised Cost- Adjusted Assessed - Original Cost Actual ValueL I Value 1_ Original Market Value Market Value Revised _ ___— 5.222 __ __ . -_-_ _ County Description Sch.No Parcel Numbet — Per Return Per NOV It- �_ Per NOV j 1997 Taxes 1—@ 111197 Value @ 111197 @ 29% 1997 Taxes Abatement i 1-Wattenberg System I C-300 Low Pressure/York Comp. P0005261 _ i$ 425,000 $ 408,000 196.00% $ 118,320 $ 8,145.27 $ 180167 $ 172 960 $ 50 150 LI 3,452.96 4,692.30 C-130 Low Pressure/York Comp. P0005261 I I $ 365,000 1 $ 350,410 196.00/ $ 101,620 5 6,995 61 $ 180,167 $ $ 1 3,453.06 3542.54 t C-200 Main Gathering System Comp. P0005261 I I $ 325,000 j $ 312,000'96.00% 1 $ 90,480 1 $ 6,228.73 FE 415,000 $ 398,400 j $ 115,536 r 7,953.61 -1,724.89 0205 Main Gathering System Comp. IP0005261 j $ 275,000 I $ 264,000 1`96.00% I $ 76,560 I $ 5,270.47 ' $ 275,000 I $ 264,000 I $ 76,560 1 5,270.47 0.00 -1—C-210 Main Gathering System Comp. IP0005261 ! I $ 350000 1 $ 336,000 196.00% 1 $ 97,440 I $ 6,707.87 I$ 205,000 1 $ 196,800 1$ _ 57,072 'I 3,928.891` 2,778.97 C-340 Compressor Air Sales IP0O5261 1 !1 $ 525,000 1 $ 504,000 196.0% I $ 146,160 1 $ 10061.80 1 $ 235,000 $ 225,600 $ _ 55,424 I 4,503.851 5,5577.94 125 HP Electric Instrument Air P0005261 $ 85,000 $ 76.000 790 190.34% $ 20,880 2 270! $ 1.437.40 $ 75,000 I $ 72,000 !5_ 20,880 1 1,437.401 0.00 1— --- -t 100 HP Electric instrument Air h90005261 �� ! $ 1,533.10 ; $ 85,000 I $ 76,790 I $ 22269 1 1,533.03r 0.00 $ 2,425,000 i $ 2223,200 _ $ 673,730 I $ 46,380.25 1 $ - 1,650,334 i $ 1,579,515 I $ 458,059 1 31,533.271 14,846.86 a $ —r_5.222. —_— — .2.222 1 IWattenberg Plant 1. 1 F _ JT Process Skid ,P0005261 I § 900,000 ! § 864,000 196 00% 250,560 ' $ 17,248.80 1 $ 900,000 If $ 864,000 is 250,560 1 17,248.80 _ 0.00 —_ —__.__ �_5252— --_.—. . ...— _ - - —_ �-52..22_ De C1 Tower :P0005261 § 375,000 $ 360,000 1,96.00% $ 104,400 $ 7,187.00 I $ 375,000 I $ 360,000 I $ 104,400 I 7,187.00 0.00 2222— • % __—- Hat Oil System :P0005261 1 $ 325,000 ' $ 312,000 ;96.00% ' $ 90,480 ' $ 0228.73 $ 325,000 ; $ 312,000 1 $ 90,480 ' 6,228.731 0.00 �.. i 5252-_ 1—_ Miscellaneous Exchangers P0005261 • § 150,000 $ 144,000 ',96.00°/ $ 41,760 $ 2,874.801 $ 150,000 $ 144,000 I$ 41,760_ 2,874.BOL 0.00 s Comp 5222 _ 22.22 C-360 Plant Residue Gas Compressor :P0005261 -- $ 500,000 $ 480 000 96.00% $ 139 200 i $ 9,582.67 ! $ 265,000 $ 254A0441 72776 1 527821 A503.86 2222. . __. . __ _ 2.252 ._._ C-365 Plant Residue Gas Compressor :P0005261 § 500,000 $ 480,000 -96 00% $ 139 200 I $ 9,582.67 1 $ 265,000 $ 254,400 i $ 72776 1 5278.81r 4,50286 .2225 C-355 Plant Residue Gas Compressor ;P0005261 $ 500,000 $ 480,000 96.00% 1 $ 139,200 1 $ 9,582.67 $ 105,000 $ 100.800$ 29,232 L 2,01236 7,570.31 C-320 Process Refdg.Compressor .P0005261 1 E 550,000 S 528 000 '.96.00% S 153 120 $ 10 540.93 $ 225,000 1§ 216,00 $ 62,640 4,312 20 6,228.73 $ ___ _— % —. _ 5522 C-325 Process Refrig.Compressor P0005261 $ 550000 j $ 520000 .96.00% i $ 152120 15 10,540.93 j $ 290000 1 $ 270400 I $ 80,736 I 5,557.951 4282.98 $ 4,350,000,1 § 4,176 000 E 1,211 040 $ 83 369.20 I $ 2,900 000 $ 2,784,000 1$ 807,360 55,579.461 27,789.74 __. _— _._ _-- -.r--_ j j i - - Fractionation System ' i . I 1 - I _ - _._ _ _ _i De C2 System-Frac System IP0005261 § 1,000,000 E 960,000 196.00% 1$ 278 400 1$ 19 165.33 $ 1,000 000 I $ 960,000 1 $ 278,400 19,165 33 0.00 . _._._ De C2 System_Frac Plant .P0005261 1 70,00 : $ 672,000 196.0_0_% I $ 194,880 1 $ 12415.73 $ 700O0 $ 672 000 1 $ 194,880 13,415 73 0.00 • 4'0005261 19600% L-. -'$ -_-�- --__ - - --Y-__ Y r. _.._. i_5222 _ L ;96.00%- _ __._ ._- �__. _ -_t 5525 I _ ..- - 8 .180.960 ._12,457.471 _- _ 0.00 _.__ -..... . _ 222r -!.-- -__- - _.- _.. . . 2505 1 _._. __ - __ - -_ ._ . C-150 Frac Refd Compressor P0005261 E 225,000 $ 624200 •L$ 180,960 $ 12 457 47 § 650 000 $ 624 000 $ 62,640 4,312.20 0.00 $ 216 000 1 § 62,640 $ 4 312.20 $ 225 000 $ 216 000• 2250_ 1 _- De C4 S stem Frac System P0005261 § 650,000 C-149 Frac Refrig Compressor 1P0005261 $ 225,000 9 P x_ ��5 nnn $ 216 000 96.00/ $ 62640 $ 4,312.20 $ 225,000 $ 216,000 ! $ 62,640 4,312.20 0.00 _ __ . . .. _..._ .,000526 . _. -_. ___ 7 -- - - _-..1-- 4312 LoadmgiiimoadmgEquipment 5261 _ ,___ $ 216000 ..96.00% I $ 62640 I $ 4,312.20 1 $ 225200 I $ 216,000 F$ 62640 1 4,312.201 0.0 _._ .. .__ .2222 2222 !I$ 3,02Q000 1 $ 2204200 1 i $ 842,160 ! $ 57,975.13 1 E 3,025,000 § 2204200 E 842,160 $ 57,975.1'5 I "u.0"u I --- ._ __._ — — ___ Total for Schedule P0005261 1 $ 9,800,000 1$ 9,403,200 , s$ 2,726,930 $ 187,724.58 1 $ 7,575,334 $ 7,267,515 1-$ 2,107,579 1 $ 145,087.86 1 42,636.60 Page 5 of 6 NORTH AMERICAN Rt.iUuttl.tb i:OMFAPhY --1 -- ---l— _— — _. — , '- i --- — , ..i..--.. I - Colorado-Miscellaneous Properties 1998 _ -r -7- - .-_-.-- ._._ Assessed Revised Cost- Adjusted Assessed Original Cast Actual Value Value Original Market Value Market Value Revised county Description Sch.No, parcel Number Per Return `Per NOV per NOV 1997 Taxes al/1(98 Value.111197 a 29% 1987 Taxes Abatement __Wattenberg System — _ _ _ . C-300 Low PressurelYork Comp. P0005281 _ ; 425,000' $ 393,789 92.85% S 114,192 S 7,995.50 S 180,167 $ 166,927 $ 48,409 3,389.50 4,605.99 C-130 Low PressurelYork Comp. P0005261 . $ 365,000 $ 338,178 92.85% $ 98,072 $ _ 8,866.80 S 180,167 ; 166,927 S 48,409 3,389.50 3,477.29 ^ C-200 Main Gathering System Comp. P0005261 ; 325,000 S 301,117 92.65% $ 87,324 $ 6,114.25 ; 415,000 $ 384,503 $ 111,506 : 7,807.43 -1,893.19 C-205 Main Gathering System Comp. P0005261 $ 275,000 S 254,791 92.65% $ 73,890 $ 5,173.63 ; 275,000 ; 254,791 ; 73,890 5,173.60 0.00 C-210 Main Gathering System Comp. S0005261 ; 350,000 S 324,280 92.65% $ 94,041 ' $ 8,584.58 $ 205,000 S 189,935 $ 55,081 3,856.88 2,727.89 C-340 Compressor AirSales P0005261 --'� $ 525,000 $ 488,420 92.65% $ 141,062 ; 9,878.88 $ 235,000 $ 217.731 S 63,142 4,421.07 5,455.80 100 HP Electric instrument Air P0005261 5 75,000 $ 89,489 92.85% $ 20.152 $ 1,411.00 5 75,000 $ 69.489 $ 20,152 _1,410.98 0.00 125 HP Electric Instrument Air P0005261 $ 85.000 $ 78,75492.65% S 22,839 , $ 1,599.14 $ 85,000 S 78,754 $ 22,839 r 1,599.11 0.00 {$ 2.425,000 j $ 2,246,797 $ 651,572 $ 45,621.77 { $ 1,650,334 $ 1,529,058 $ 443,427 31,047.87 14,573.77 Wattenberg Plant I- -y JT Process Skid _ 1P0005261 l - -1-1900,000 S 833,863 92.65% r$ 241,820 j ; 16,931.77 $ 900,000 S 833,863 S 241,820 16,931.77 0.00 De C1 Tower � 1P0005261 IT- -375,000!$ 347,443 92.65% i 5 -100,758 $ 7,054.90 $ 375,000 r S 347,443 $ 100,758 1----1---- 7,054.90 0.00 - Hot Oil System— 1P0005261 - SI 325,000 I$ 301,117 92.65% 1_5 87,324 ; 6,114.25 $ 325.000 S 301,117 $ 87,324 6,114.25 0.00 --_- Miscellaneous Exchangers — `P0005261 r-- I.4.____$ 150,000 S 138,977 92.65% S 40,303 1; 2,821.96 ' $ 150,000 ; 138,977 $ 40,303 2,821.96 _- 0.00 C-360 Plant Residue Gas Compressor 1P0005261 - 500.000 . S - 463,257 92.65% r$ 134,345 L $ 9,406.54 S 265,000 S 245,526 S 71,203 4,985.47 4,421.07 C-365 Plant Residue Gas Compressor P0005261 { - S 500,000 $ 463,257 92.65% $ 134,345 j$ 9.406.54 $ 285.000 S 245,526 5 71,203 4,985.47 4,421.07 i C-355 Plant Residue Gas Compressor T � _ __ _ _ __ pressor- rP0005281 i S 500.000' S 483,257 92.65% {S 134,345 $ 9,406.54 S 105,000 5 97,284 $ 28,212 1,975 37 7,431.17 -- C-320 Process Refrig.Compressor 1P0005261 _.� '- -- $ 550,000! S - 509,583 92.65% 1 S 147,779 $ 10,347.19 $ --225,000 $ 208,466 $ 60,455 I 4,232.94 8,114.25 r C-325 Process Rettig.Compressor IP0005261 j --_--- ; 550,000 i S 509,583 92.85% $ 147,779 5 10,347.19 S 290,000 $ 288,689 $ 77,920 5,455.79 4,891.40 • -t 5 4,350,000 5 4,030,338 ^� S 1,188,798 $- 81,836.89 S -2,900,000 $2,886,892 S 779,199 54,557.92 27,278.97 - ---- -' — — - _ ; Total for Schedule P0005281 ; ! _ $ 6,775,000 i S 8,277,135 _ S 1,820,370 , $ 127,458-66 $ 4,550,334 S 4,215,950 S 1,222,625 $ 85,605.79 41,852.74 ' l Page 5 of 6 Hello