HomeMy WebLinkAbout940752.tiff RESOLUTION
RE: AUTHORIZATION FOR WELD COUNTY TREASURER TO CANCEL CERTAIN LEASEHOLD AND
PERSONAL PROPERTY TAXES FOR 1987 AND 1988
WHEREAS, the Board of County Commissioners of Weld County, Colorado,
pursuant to Colorado statute and the Weld County Home Rule Charter, is vested
with the authority of administering the affairs of Weld County, Colorado, and
WHEREAS, Francis M. Loustalet, Weld County Treasurer, has submitted a list
of certain leasehold and personal property taxes assessed for the years of 1987
and 1988 on the company known as Falcon-Andrau Energy Company, which are deemed
to be uncollectible, in the amount of $50,574.40, said list being attached hereto
and incorporated herein by reference as Exhibit "A", and
WHEREAS, Section 39-10-114(2) (a) , CRS, as amended, provides that any taxes
levied on personal property which are determined to be uncollectible after a
period of one year after the date of their becoming delinquent, may be cancelled
by the Board of County Commissioners, and
WHEREAS, said matter was considered by the Board at a regular meeting held
on July 25, 1994, at which time the Board deemed it advisable to continue said
matter until August 3, 1994, and
WHEREAS, at said meeting on August 3, 1994, the Board, after hearing all
testimony presented, deemed it advisable to cancel said leasehold and personal
property taxes as listed on the attached Exhibit "A".
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the leasehold and personal property taxes assessed for the
years of 1987 and 1988 on the company known as Falcon-Andrau Energy Company, in
the amount of $50,574.40, as set forth in detail in said list attached hereto as
Exhibit "A", be, and hereby are, designated as uncollectible and, therefore, are
cancelled in accordance with Section 39-10-114(2) (a) , CRS, as amended.
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. , 1994.
BOARD OF COUNTY COMMISSIONERS
ATTEST: WELD COUNTY, COLORADO
Weld County Clerk to t Board
W. H. Webster, Chairman
BY:4rjeq-.4d'4 //_2-!q) EXCUSED
Deputy Clerk to the�eardd \ Dale &. Hall, Pro Tem
APPROVED AS TO FORM: \ 21
e ge Baxter
Co my Attorney Constance L. Harbert
EXCUSED DATE OF SIGNING (AYE)
Barbara J. Kirkmeyer
940752
LITTLE WELL DEVELOPEMENT INC TAXES FOR CANCELLATION
PIN LITTLE WILL # 1987 1988
1272186 1 2,527.14 2,696.78
0007594 1 369.20 425.50
1272386 2 2,116.74 2,257.72
0007595 2 395.58 451.22
1271986 3 2,019.14 2,118.08
0007596 3 358.48 407.62
1307886 5 3,477.90 3,735.86
0010587 5 466.94 520.04
4085386 6 5,294.02 5,686.68
0010588 6 538.10 596.50
4085586 7 3,300.92 3,29424
0010589 7 391.92 331.84
1308586 8 2,809.98 3,032.22
0010837 8 445.98 508.06
24,512.04 26,062.36
GRAND TOTAL 50,574.40
t 0.137
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rel OFFICE OF THE COUNTY TREASURER
FRANCIS M. LOUSTALET
COUNTY TREASURER
' PHONE(303)353-3845, EXT. 3250
POST OFFICE BOX 458
C. GREELEY, COLORADO 80632-0458
COLORADO
June 20, 1994
Board of Weld County Commissioners
Greeley, CO
Dear Commissioners:
This letter is an explanation for request for cancellation of the leasehold and personal property taxes
for the years of 1987 and 1988 on the company known as Falcon-Andrau Energy Company.
Falcon-Andrau filed bankruptcy in 1986 (case #86-05412-HZ-11). In 1988 a company known as
Little Will Development Ltd filed a petition with the Bankruptcy Court In Houston,Texas to operate
the seven original wells and completed five new wells and pay the creditors. The Weld County
Treasurer's Office proceeded to collect the Post-Petition taxes. Little Will Development Ltd to pay
the Post-Petition taxes in the amount of$55,203.81. Weld County did receive the $55,203.01 After
figuring the expense in fighting the suite and trying to collect the Post-Petition taxes, there was no
money left to pay the 1987 and 1988 taxes.
It is requested by the Weld County Treasurer that the 1987 and 1988 taxes be cancelled.
Thank you for your endeavor in this matter.
Sincerely,
C ✓ce.
Gary Parker
Weld County Treasurer's Office
87&88tax.cgt
940752 940698
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