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Home My WebLink About20001800.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2000, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: D & R LAND CO 2715 35TH AVE GREELEY, CO 80634 DESCRIPTION OF PROPERTY: ACCOUNT#: R0017792 PARCEL #: 095914401007 - GR. 3GWP1-9 L9 BLK1 GATEWAY PARK FILING #3 - FIRST REPLAT SITUS: 2715 35 AV 001 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 2000, 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 2000, claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, said petitioner not being present or represented, 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, at 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 he, and hereby is, affirmed as follows: ACTUAL VALUE AS DETERMINED BY ASSESSOR Land $ 686,063 Improvements OR Personal Property 424,597 TOTAL ACTUAL VALUE $ 1,110,660 2000-1800 AS0046 e ei Inc-; ESP; 4 sx] RE BOE - D & RLANDCO 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), CRS) 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 523 Denver, CO 80203 Phone: 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), CRS) 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, CRS) 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. 2000-1800 AS0046 RE: BOE - D & R LAND CO 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 1st day of August, A.D., 2000. BOARD OF COUNTY COMMISSIONERS ._. WELD COUNTY, COLORADO p""ti Ude/ Ugh EXCUSED Barbara J. Ki meyer, Chair (CS. "' GeE lerk to the Board (n® M. J. ile, Prom ty Clerk to the Board --__ gorge E. Baxter APPROVED AS TO FORM: • \\```l 17aTe Lrnyt � Glenn Vaad 2000-1800 AS0046 NOTICE OF DENIAL OFFICE OF COUNT':ASSESSOR 1400 NORTH 17th AVE. GE 3GWP1-9 L9 BLK1 GATEWAY PARK GREEL}Y CO 80631 FILING #3 - FIRST REPLAT S ITUS: PHONE(970)35.:-33a5. EXT.3650 I -4114 2715 35 AV 001 GREELEY 00000 . " , i - COLORADO OWNER: U` & LAND CO " • BRIDGE & ASSOCIATES LOG 1029 P O BOX 280367 PARCEL 095914401007 ACCOUNT R0017792 LAKEWOOI, CO 80228 YEAR 2000 Owner: D & R LAND CO 06/26/2000 The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has Jett rr fined that your property should be included in the following category(ies): COMMERCIAL PFOPERTY 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)h lid 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 ca-efully studied all available information, giving particular attention to the specifics included on your protest, and has dete-r tined tt.e valuation(s)assigned to your property The reasons for this determination of value are: NO CHANGE HAE BEEN MADE TO THE VALUATION OF THIS PROPERTY. COLORADO LAW REQUIRES US TO SENL TI-IS 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 PRIOR TO REVIEW AFTER REVIEW LAND 686063 86063 IMPS 424597 24 9 TOTALS S �a tipSGG 1 tlt;ee0 J if you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration,39-S- 1i16(1)(a),C.R.S. Please see the back of this form for detailed information on filing your appeal. By:_ Stanley K Sessions oe/2 /"'oa ------ 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 1 and continuing through August 5 for real )roperty (land and buildings) and personal property (furnishings, machinery, and equipment) 39-8-104 and 39-8- 107(2), C.R.S. PPEAL PROCEDURES; f you choose to appeal the Assessor's decision, you must appeal to the County Board of Equalization. To preserve sour right to appeal, your appeal must be POSTMARKED OR DELIVERED ON OR BEFORE JULY 5 FOR. EAL 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 4OT,IFICATION OF BEARING: (au will be notified of the time and place set for the hearing of your appeal. :'OUNTY BOARD OF EOUALIZATION'S DETERMINATION: -he County Board of Equalization must make a decision on your appeal and mail you a determination with:r. five )usiness days of that decision. The County Board must conclude their hearings by August 5. "AXPAYER RIGHTS FOR FURTHER APPEALS: t you are not satisfied with the County Board of Equalization's decision you must file within thirty days 01 the :ounty 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 'you do not receive a determination from the County Board of Equalization, you must file an appeal w.th 'he Board Assessment Appeals by September 10. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY PPEAL; THEREFORE,WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF 'F MAILING, PETITION TO THE COUNTY BO A -- the space below, please explain why you disagree with the Assessor's valuation. IN ACCORDANCE W: 'H 39- 106, C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLI.AP. MOUNT. Attach additional documents as negessary. / 44. off tick-) ;NA PEl l3Nt �.- `' CF' � [ ( e : DA VIII e I d County STANLEY F. SESSIONS COUNTY ASSESSOR MICHAEL SAMPSON, CHIEF APPRAISER ASSESSOR'S REPORT OF COMMERCIAL PROPERTY FOR County Board of Equalization D & R LAND CO PETITIONER vs. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 0959-14-4-01-007 Schedule Number: R0017792 Log Number: 1029 Date: 08/01/00 Time: 10:30 AM Board: OBOE PREPARED BY STAN JANTZ Signature ' Date Signature Date ASSESSOR'S OFFICE STAFF APPRAISER ':BOE_COMM 010998 /:// SUBJECT PHOTO #1 tea • r • • SUBJECT PHOTO #2 S t_ BOE_COMM 010998 SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value as of 1/1/2000 based on an appraisal date of 6/30/98. Property Rights Appraised Unencumbered fee simple interest. Location 2715 35 AV GREELEY Land Area 196,018 Square Feet Zoning GRE PUD Property Type Commercial 1—Automotive Center Year Built 1991 Year Remodeled 0 Quality Average Class Metal Frame Number of Stories 1 Improvement Sq. Ft. 20,800 Basement Unfinished Sq. Ft. 0 Basement Finished Sq. Ft. 0 Mezzanine: 0 Value Indications: Land 686,063.00 Cost Approach 1 ,558,019.00 Market Approach 1,560,000.00 Income Approach 1 ,916,720.00 Reconciled Assessor's Value 1 ,110,660.00 7BOE_GOMM_010998 2 COMPARABLE LAND SALES GRANTOR/ DATE OF AREA IN PRICE/ # ADDRESS GRANTEE SALE SALES PRICE SQ FEET SQ FEET SUBJECT: 196, 01>3 2715 35 Ave. Greeley,CO ]. 4535 29 St. Gate Development/ 5-15-97 $1, 045, 500 261, 36 ) $4 . 00 Greeley,CO T G D Partners 2 3750 24 St. Greeley City/ Daka 7-3-96 $354,370 87,991 $4.03 Greeley,CO Porperties 3 2815 35 Ave. Elk Lakes Land 6-12-98 $1, 428, 200 476, 10 ) $3 . 00 Greeley,CO Development/ Home Depot 4 3775 25 St. Greeley City/Creek Stone 4-18-97 $708,500 432,986 $1.64 Greeley,CO LLC NOTE; SUBJECT LAND IS PRESENTLY VALUED AT $3.50 PER SQUARE FOOT 3 WELD COUNTY ASSESSOR Account#: R0017792 PROPERTY PROFILE Parcel #: 095914401007 CC ST MH Seq#: MI-I Space: Building #: 1 Condo SF Condo% Land: Condo% Bldg: Landscaping Quai/$ Property Type: Commercial 0 0 0 Average $0.00 Quality: Average Nbhd: 101 Occupancy: Automotive Censer Condition: Average Nbhd Ext: Perimeter: 683 Nbhd Adj: 1 Percent Comp: 100.00% Individual Built As Detail Built As: Automotive Center Year Built: 1991 Construction Type: S Year Remodeled: HVAC: Space Heater % Remodeled: Interior Finish: Adj Year Bit: 1991 Roof Cover: Effective Age: 7 Built As SF: 20800 Mh Make: #of Baths: Tag Length/Width: X #of Bdrms: Tag Length/Width: X # of Stories: 1 Mh Skirting LF: Story Height: 20 MH Skirting Type: I Sprinkler SF: Diameter: Capacity: Height: Building Details Bldg# 1 {�p y j q ''`iiZntvpv�r�r 2 I�,e„RR�{.. r it rr'-vy� `a m i. i is.. I [{� t G tt�n;,,�,`,. fftI!�n ,i�'.6 .fit,IIN1l° Yr.,ii4..................................................... i If p Concrete Slab Average 2500 $2.36 $5,900.00 Asphalt Average 106000 $1.51 $160,060.00 Value Details RCN Cost/SF: $38.60 Design Adj %: 0 Func Obs%: 0 Total RCN: $968,840.00 Exterior Adj %: 0 Econ Obs %: D Phys Depr%: 0.1 Interior Adj %: 0 Other Obs %: 0 Phys Depr$: 96884 Amateur Adj%: 0 RCNLD$: $871,956.00 RCNLD Cost/SF $41.92 Market/SF: $0.00 bg(0 .16-' LAWS' f2 _5L?,Oi9 JO1N1L - --- 4 . AUTOMOBILE DEALERSHIP SALES SALE SALE GROSS PRICE PER ADDRESS DATE PRICE SQUARE FEET SQUARE FOOT SUBJECT 20,800 GHENT CHEVROLET #1 KENNEDY CHEVROLET 1-28-98 $375,000 11,900 $31.51 9050 HIGHWAY 392 WINDSOR,CO. #2 CENTENNIAL CHRYSLER/ 12-16-97 $2,610,000 14,214 $183.62 PLYMOUTH/JEEP 9980 EAST ARAPAHOE ROAD ENGLEWOOD,COLORADO #3 COLORADO CHRYSLER PLYMOUTH 7-23-97 $2,400,000 24,804 $96.76 350 SOUTH HAVANA AURORA,COLORADO #4 DON MASSEY CADILLAC 3-2-98 $3,925,000 31,178 $125.89 9400 EAST ARAPAHOE ROAD ENGLEWOOD,COLORADO #5 GATEWAY MAZDA 11-4-97 $2,250,00 33,305 $67.56 90 HAVANA STREET AURORA,COLORADO Subject square footage 20,800 times $75.00 per square foot equals $1,560,000 NOTE; The average for all five market sales is $101.06 per square foot. 5 '7 AUTOMOBILE DEALERSHIP LEASES TENANT NAME ANNUAL BUILDING LEASE LEASE RENT SQ FT DATE RATE NNN 1 EHRLICH TOYOTA $210,000 17,381 1999 $12.08 2625 35TH AVE GREELEY,CO 2 CHAMPION DODGE $206,400 12,594 1999 $16 39 2501 35TH AVE GREELEY,CO 3 DELLENBAUGH CADILLAC $204,000 15,858 1996 $12 86 3325 SOUTH COLLEGE FORT COLLINS,CO 4 CO'S MOTORS (BMW) $104,400 11,449 1998 $9 48 2849 SOUTH COLLEGE FORT COLLINS,CO __ INCOME CAPITALIZATION AND SUMMARY Gross Income ($10.00 NNN X 20,800 Sq Ft) :08,000 Less 5%Vac. &Coll. Loss 10,400 Effective Gross 197,(,00 Less 3%Management&Reserves -5;)28 Net Operating Income 191,1 72 Capitalization Rate 10' Income Value $1,916,720 6 CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4217 FAX: (303) 352 0242 WEBSITE: www.co.weld.co.r:e 915 10TH STREET P.O. BOX 762 111 € GREELEY, COLORADO E06;,2 COLORADO June 21, 2000 Parcel No.: 095914401007 Account No.: R0017752 D & R LAND CO 2715 35TH AVE GREELEY CO 80634 Dear Petitioner(s): The Weld County Board of Equalization has set a date of Tuesday, August 1, 2000, at or about the hour of 10:30 AM, to hold a hearing on your valuation for assessment. This hearing will be heic at the Weld County Centennial Center, 915 10th Street, Greeley, Colorado, in the First Floor Hearing Room. You have a right to attend this hearing and present evidence in support of your petition. The Wec County Assessor or his designee will be present. The Board will make its decision on the basis or 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, 2000, and mailed to you on or before August 10, 2000. Because of the volume of cases before the Board of Equalization, all cases shall be limited to '5 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. D & R LAND CO - R0017792 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 EQUALI/ J TION /6"121 /0� "r "177 Donald D. Warden, Clerk to the Board BY: 70 �_fti , t ,-; Carol A. Harding, Deputy ._ - cc: Stanley Sessions, Assessor BRIDGE AND ASSOCIATES PO BOX 280367 _AKEWOOD CO 80228 Hello