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HomeMy WebLinkAbout910812.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1991, WELD COUNTY, COLORADO PETITION OF: TAUS JOIST CORPORATION P 0 BOX 7923 BOISE, ID 83707 DESCRIPTION OF PROPERTY: PIN: R 5274686 PARCEL: 130931400012 - FTL 16232-K PT N2SE4 31 2 66 BEG 40.30'N & N89D59'W 30' FROM SE COR N2SE4 N89D59'W 315. 10' N519.96' N89D56'W 604.19' S35D51'W 690.46' TO PT ON S LN S89D56'E 1323.71' N40.28' M/L TO BEG (10.657A)%1205 INDUSTRIAL PKZ WHEREAS, the Board of County Commissioners of Weld County, Colorado, organized 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 1991, 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 1991, 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 Thomas R. Fenton, 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 Board of Equalization, that the evidence presented at the hearing clearly supported the value placed upon the Petitioner's property 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. As such, this Board finds that the Petitioner failed to meet the burden of proving that the Assessor's valuation was incorrect. The assessment and valuation of the Weld County Assessor shall be, and hereby is, affirmed. 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: 910812 Page 2 RE: BOE - TAUS JOIST CORPORATION 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. 910812 Page 3 RE: BOE - TRUS JOIST CORPORATION 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 2nd day of August, A.D. , 1991. f/�� BOARD OF COUNTY COMMISSIONERS ATTEST: I ( �/ h WELD COUNTY, 0 RADO Weld County Clerk to the Board ' Gordo y man By: , jC� c Deputy Clerk to the Boatd eor Ken dy, Pro-Tem APPROVED AS TO FORM: Constance L. Harbert ✓� /ti �i,/� Assi ant County Attorney C. W. Kir5y� EXCUSED W. H. Webster 910812 BOE DECISION SHEET PIN #: R 5274686 PARCEL #: 130931400012 TRUS JOIST CORPORATION P 0 BOX 7923 BOISE, ID 83707 HEARING DATE: August 2, 1991 TIME: 8:30 A.M. HEARING ATTENDED? (Y/N) NAME: AGENT NAME: FENTON, GREINER & YATES, INC. DECISION: DECREASE IN VALUATION INCREASE IN VALUATION NO CHANGE IN VALUATION ASSESSMENT RATIO ACTUAL VALUATION ORIGINAL ADJUSTED Land $ 63320 $ Improvements OR Personal Property 311978 Total Actual Value $ 375298 $ COMMENTS: MOTION BY4Y TO SECONDED BY )j 4 �Y Lacy N) Kennedy N) Failed to meet burden of proof Harbert N) Comparables inadequate Kirby N) Assessor's data unchallenged Webster A ll�y�fN) Other: 2 RESOLUTION NO 91.0812 Ol ['ICE OF COl_'N l Y :\JJI:SSOR 915 10th STREE1' 1._'._i GREELEY,COLORADO S0631 C0i�T4:1:11 eg;j4 ADJUSTMENT PHONE(303)356-4000. EXT.4256 Vlik• 1-„, u Firs. iKop�1( PT N2S E4 31 2 66 BEG 40.30 •N S •V, N89359*b{ 301 FROM SE COR N2SE4 N89.059eL4 315,10 . COLORADO i115.1:9;.96• N89D5olw 604.19* 535D51°W 690, 461 TO PT O per, S:. LN -S89D561E 1323.711 N40 •28. M/L TO BEG ( 10 .657A)%I205 INDUSTRIAL PK% 1205 INDUSTRIAL PK FORT LU OWNER TRUS JOIST CORPORATION FENTON, GREINER 6 YATES, INC* PARCEL 130931400012 PIN R 5274686 BITTERSWEET STATION NO. 3175 YEAR 1991 GREELEY CO 80631 LOG 03150 05/28/1991 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 category(les): Residential property is valued by considering the cost and market approaches. Agricultural land value is determined solely by the earning or productive capacity of the land,capitalized at a rate set by law. Producing mines are assessed at 25%of the gross proceeds or 100% of the net proceeds,whichever is greater. Oil and gas leaseholds and lands are assessed at 87.5% of the gross value of the oil and/or gas sold or transported from the premises on primary production; secondary production is valued at 75%. All other property, including vacant land, 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 deter- mined the valuation(s) assigned to your property.The reasons for this determination of value are: WE HAVE CORRECTED MINOR ERRORS IN THE DESCRIPTION OF THIS PROPERTY, IF THESE ITEMS AFFECT YOUR VALUATION, THE CHANGES ARE REFLECTED ON THIS FORM. IF YOU HAVE FURTHER QUESTIONS ON THESE NEU VALUES PLEASE CALL* THE APPEAL OF YOUR VALUATION HAS BEEN DENIED BECAUSE OF A LACK OF EVIDENCE OF AGENT AUTHORIZATION FOR THE PERSON REPRESENTING YOU . YOU MAY CONTINUE THE APPEAL ACCORDING TO THE INSTRUCTIONS THAT APPEAR ON THE REVERSE SIDE OF THIS NOTICE* COUNTY/IDEALIZED INCOME: NET RENT 31 .85 PER SF X 27,231 = _ NDI $50=377 CAP RATE 1344 PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE _ ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND 63, 320 63,320 401 te!n`y• ;r:^ x. 1 1 IMPS 'IV t <*n. a‘ r7-"; 314; 376 311 , 973 o i *TALS $ $ ^ 377,6_, $ 375, 29:3 I If you disagree with the As ,sor's decisio you ave the i •. eal to the County Board of Equalization for further consideration, 39-8-106(1)(a), C se see the oft, . - • formation on filing your appeal. By: WARREN I_^LASLLL Ou/I1/9 J. - ---...”—.— _ wE LD COU rJ;( A'SSES3OR DATE 19 -•)::r,PR'07-a7;,, ADDITIONAL INFORMATION ON REVERSE SIDE Fenton,Greiner&Yates,int Bittersweet Station 113175 Greeley,Colorado 80633 910812 nows4 II .IAi ,J9f •agitC ‘74, CLERK TO THE BOARD P.O. BOX 758 GREELEY,COLORADO 80832 (303)3564000 EXT.4225 C. COLORADO • July 16, 1991 Parcel No. : 130931400012 PIN No. : R 5274686 TRUE JOIST CORPORATION P 0 BOX 7923 BOISE, ID 83707 Dear Petitioner(s) : The Weld County Board of Equalization has set a date of Friday, August 2, 1991, at or about the hour of 8:30 A.M. , to hold a hearing on your valuation for assessment. This hearing will be held 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 Weld County Assessor will be present before the Board. The Board will make their 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 10, 1991, and mailed to you on or before August 16, 1991. 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. al.0812s TRUS JOIST CORPORATION - R 5274686 Page 2 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. 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, BO RD OF EQUALIZA ION Q%44 Donald D. Warden, Clerk to the Board �� BY: fi/�B� IL-0/,/ arol A. Harding, Deputy cc: Warren Lasell, Assessor FENTON, GREINER & YATES, INC. , C►7-0931 Hello