HomeMy WebLinkAbout930690.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 1993, WELD COUNTY, COLORADO
PETITION OF:
GREELEY NATIONAL BANK
P 0 BOX 1098
GREELEY, CO 80632
DESCRIPTION OF PROPERTY: PIN: R 2805486 PARCEL: 096105304020 - GR 4612 L6
BLK25%920 5TH ST%
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 1993, 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 1993, 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, 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. The assessment and
valuation of the Weld County Assessor shall be, and hereby is, affirmed as
follows:
930690
Page 2
RE: BOE - GREELEY NATIONAL BANK
ORIGINAL
Land $ 17,575
Improvements OR
Personal Property
TOTAL ACTUAL VALUE $ 17,575
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:
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 OBOE 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)
930690
Page 3
RE: BOE - GREELEY NATIONAL BANK
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.
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.
930690
Page 4
RE: BOE - GREELEY NATIONAL BANK
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 29th day of July, A.D. , 1993.
,� j/}j..//���� //! / BOARD OF COUNTY COMMISSIONERS
ATTEST: ,. /v' vi/a4 " WELD• COUNTY, COLORADO
Weld County Clerk to the Board _611.
Constance L. Harbe hairman
BY:4A,"01 c ABSTAINED
Deputy Clerks o the d W. H. bster, Pr em
APPROVED AS TO FORM: y� r. -1/Z
orge 1t•�,/Baxt r elitek
nty Attorney `—'---Mite K. Hall
L.
, arbara J. Kirkmey r
930690
BOE DECISION SHEET
PIN $: R 2805486 PARCEL Ik: 096105304020
GREELEY NATIONAL BANK
P 0 BOX 1098
GREELEY, CO 80632
HEARING DATE: July 29, 1993 TIME: 10:00 A.M.
HEARING ATTENDED? ( N) NAME:
AGENT NAME: TAX PR FILE SERVICES INC
APPRAISER NAME:
DECISION:
DECREASE IN VALUATION
INCREASE IN VALUATION
NO CHANGE IN VALUATION
ASSESSMENT RATIO
ACTUAL VALUATION
ORIGINAL ADJUSTED
Land $ 17,575 $ .Oar/7) ~f.6-
Improvements OR
Personal Property
Total Actual Value $ 17,575 $ / '7) Sir-
COMMENTS: `
MOTION BY :7-.),41 T/ TO 1;1 �( I ,-,. t h-0 / 4.)
SECONDED BY J / Baxter -- N)
Hall -- N)
✓ Failed to meeu h o£_-greef i o t, .e Harbert -- N)
Comparables inadequate r ���,�e J Kirkmeyer -- N)
Other: o Webster --
L'0.1 •.c r71.i i`w
RESOLUTION NO.
93069C
TUN 14 '93 12:07PM ABC CENTRAL PCCTG vrk10E Vi CouP':b;.g&SSun
...\ 1400 NORTH 17N Mt.
GREELEY, COLORADO 80631
NOTICE OP DENIAL PHONE(303)353-3845,EXT. 3656• '
milk •
GR 4612 1.6 BL K25%920 5TH 'STY
I DORADO ) ai
- .. 920 • 3 ST • GREELEY.•..'1,, •:. :.
OWNER GRULEY NATIONAL BANK -
GREELEY NATIONAL BANK PARCEL 096105304020 .
PIN R 2805486
P 0 BOX '1098 ' YEAR
GREELEY CO 80632 LOG 02257
05/28/1993 >-. .
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 ties):
BESIDENTIAL 'PROPERTY IS VALUED BY 'CONSIDERING THE MARKET APPROACH.;' . ' •,•4 " ,.•
AGRICULTURAL LAND VALUE IS DETERMINED SOLELY. BY THE EARNING OR PRPDUCTI SEE.•41. ,. ,
CAPACITY OF THE :LAND. •CAPITALIZED AT A ' RATE. SET BY LAW.
ALL OTHER PROPERTY. ' INCLU➢ING VACANT LAND. ' IS VALUED BY•CONSIDERING THE COSTS
. 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,end plan to attend these budget hearings.
' assessor has carefully studied all available information, giving particular attention to the specifics included on your protest and has deter.
n...dd the yaluation(s) assigned to your property.The reasons for this determination of value are:
YOUR PROPERTY 'HAS 'BEEN UNIFORMITY VALUED FOLLOWING COLORADO LAW AND
INSTRUCTIONS :PUBLISHED BY 'THE STATE DIVISION OF PROPERTY ''TAXATION.'
' YOUR PROTEST 'OF VALUE HAS BEEN 'DENIED DUE TO COMPARISON OF OTHER ' •
SIMILAR 'PROPERTIES WHICH SOLD DURING THE 1991/1992 TIME PERIOD.
THIS COP'"ARISON SHOWS YOUR ACTUAL 'PROPERTY VALUE TO BE CORRECT FOR '
THAT PET . OD. ' .
' • .•PETITIONER'S ASSESSOR'S VALUATION '
PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE
OF VALUE PRIOR TO REVIEW 'AFTER REVIEW
.
. ' '.': . Iji.'
LAND • 17. 575 ' • ,;.;17.575
IMPS
•
TOTALS $ $ 17. 474 5 ' 'tta57S
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.
By, WARREN L. LASELL 06/02/93
WELD COUNTY ASSESSOR DATE 13-OPT AR 93069
A ( (�
. �.-.._........ -...�...... .... ..�..�.,..� _._� 0
WELD COUNTY ASSESSOR
oECEI
PETITION FOR REVIEW fIl! 0 7 1993
GREELEY,COLD.
TO THE HONORABLE WELD COUNTY BOARD OF EQUALIZATION
Petitioner, BANC ONE COLORADO CORP c/o Tax Profile Service (TPS
INC. ) 1123 Auraria Parkway, Suite G-100, Denver CO. 80204, requests
review of the County Assessor's Notice (s) of Valuation for Subject
Property (described below) for tax year 1993 . Copies of the
Personal Property notices of valuation are attached hereto and
incorporated herein by reference.
DESCRIPTION OF SUBJECT PROPERTY:
Schedule # 096105304,'020
Location : GREELEY NATIONAL BANK
The Subject Property is described, with Schedule numbers, a copy of
which is attached hereto and incorporated herein by reference.
ESTIMATED TIME FOR PETITIONER TO PRESENT CASE:
60 minutes, or 1 hour.
REPRESENTATION:
Petitioner requests a hearing at which petitioner will be
represented by the following registered agent, Tax Profile Service
INC. , or legal counsel: (303) 628-0405
CERTIFICATE OF SERVICE
I certify that I have served a copy if this Petition, with
attachments, on the County Board of Equalization by hand delivery,
this 2nd day of JULY ,1993
TAX PROFILE SERVICE, INC.
By: 1�t. UA`o-",st-
J f Monroe
it a is Parkway, Suite G-100
Den r C•lorado, 80204
Telephone: (303) 628-0405
'e ,. ! 930690
•
1 CLERK TO THE BOARD
P.O. BOX 758
1
C
GREELEY,COLORADO 80632
(30313364000 EXT.4225
O
COLORADO
July 9, 1993
Parcel No. : 096105304020 PIN No. : R 2805486
GREELEY NATIONAL BANK
P 0 BOX 1098
GREELEY, CO 80632
Dear Petitioner(s) :
The Weld County Board of Equalization has set a date of Thursday, July 29,
1993, at or about the hour of 10:00 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 5, 1993, and mailed to you on or before August
10, 1993.
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.
GREELEY NATIONAL BANK - R 2805486
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,
BOA D OF EQUALIZATION„ ,
/Li,/Donald D. Warden,
Clerk to the Board
BY: 711.---4.6712-(1)9e-Puri:
�
Carol A. Harding, DeputLt
cc: Warren Lasell, Assessor
pax PROFILE SERVICES INC,
1
930690
p! eo 8386
aSosagG .1e0 /0gg6
� go li / o9g4,
Soy �g6 a8os3�6
Banc One - Greeley Downtown
Schedule # 0961-05-3-15-
022,018,020
821 8th Street, Greeley
Several factors have contributed to the decline in value
regarding the bank properties located in Weld County. The first and
most influential factor is the economic obsolescence attributable
to the entire State of Colorado during the economic downswing of
the late 1980's. Economic Obsolescence is defined as:
External obsolescence, the diminished utility of a structure
due to negative influences from outside the site, is incurable on
(sic) part of the owner, landlord, or tenant. The total value loss
due to external obsolescence must be allocated between the land and
the improvements. External obsolescence can be caused by a variety
of factors - e.g. , neighborhood decline; the property's location in
a community, state, or region, or market conditions. An estimate of
external obsolescence should be based on thorough neighborhood or
district analysis.'
Our analysis of the banking industry throughout State of
Colorado reflects a tendency to overvalue bank facilities,
primarily caused by the incorrect utilization of the cost approach
to value. Almost all county assessors place their prime reliance on
this approach. Without correcting this approach in recognizing
functional obsolescence (both curable and incurable) , and external
obsolescence, bank properties experience an overvaluation of 40% on i
average.
The Weld County Assessor has recognized that the cost approach
to value would need considerable adjustments in the form of
depreciation that would render this approach unreliable.
The Assessors office as well as the petitioners
representatives have placed the income approach to value as the
best indicator of true market value. The market approach was used
as a measure to support the value conclusion.
Cost Approach:
Income Approach: $3 ,784,849
Market Approach:
Value Conclusion: $3 ,784,849
'The Appraisal of Real Estate, American Institute of Real
Estate Appraisers, Ninth Edition, p.395
SURVEY FOR: WELD COUNTY ASSESSOR
PROPERTY OWNER: BANC ONE OF COLORADO CORP
ADDRESS: 821 8TH STREET
TYPE: BANK
PIN: 2810986
BANK OFFICE ANNEX
NET LEASABLE 23 , 525 76, 024 18 , 800
RENT PER SQUARE FOOT $12 . 00 $8 .50
$6 .00
POTENTIAL GROSS INCOME $282, 300
LESS VACANCY* $646 , 204 $112, 800
12. 79% 33 . 00% 40. 00%
EFFECTIVE GROSS INCOME $246, 194 $432, 957 $67680
LESS EXPENSES 35% '
35% 35%
NET OPERATING INCOME $147, 389 $206 ,785 $43 ,992
OVERALL CAP RATE 10. 52%
10.52% 10. 52%
ESTIMATE OF VALUE $1,401, 035 $1, 965, 640 $418, 175
TOTAL ESTIMATE OF VALUE $3 ,784, 849
* Based upon unusual condition associated with branch banking.
Employee reduction 12.79%
910690
Band of Investment Technique
Market information indicates that available funding for
properties of like utility to the subject are typically written
on a cash sale or merger basis, therefore market interest rates
for the base period must be used to determine the capitalization
rate. As of June 30 , 1992 the prime interest rate was 7%,
including 1.5% for a conservative increase to market rates,
yields an 8.5 cost of funding. Typical loans written during this
period on typical propertes were at a 70% loan to value ratio.
This scenario yields a mortgage constant of .1166 assuming a 25
year amortization period at 11%. The equity dividend rate has
been estimated at 10%. The Band of Investment Technique is
developed as presented below:
.70 (Mortgage Ratio) x .0960 (Mortgage Constant) = .06720
. 30 (Equity Ratio) x . 06 (Equity Dividend Rate) = .01800 E!
Ad Valorem Taxes = . 02000
Indicated Capitalization Rate = .1052
Rounded To: 10 . 52%
Due to the mill levy being 104 mills, the ad valorem must be
added onto the capitalization rate calculation as it is not being
deducted as an expense on the attached income approach.
F
{
930690
1
•
STATEMENT OF AGENCY
cc
Property Owner, Banc One Colorado Corporation, hereby appoints
Tax Profile Services, Inc. (hereinafter " TPS" ) , as Property I
Owner' s representative in connection with the valuations for
assessment of Property Owner' s real and/or personal property
which is contained in Addendum A attached hereto, for the years
1990 through 1994, for taxes payable the following year
(hereinafter " Subject Property" ) ,
TPS shall have full authority to review all applicable
relating to the valuation for assessment of theSubjectProperty;
to negotiate the valuation for assessment of the Subject Property
with the County Assessor, with any representative of the
Assessor' s office, or with the County, at an amount which TPS
deems appropriate in the circumstances ; and to pursue any
statutory remedies which Property Owner may possess before the
County Assessor, County Board of Equalization, County Board of
Commissioners, Board of Assessment Appeals, District Court,
Appellate Courts, or in binding °
Owner' s name and in Property Owner' s behalf.
in the Property
This agreement shall remain in effect until revoked in writing by
Property Owner.
Banc One Col rado Corporation
— -
State of (,LORnth
of_________________) ss. �eV '�° County
The foregoing agreement was acknowledged before me this1day
of` /2151,2 , 19 93 ,
by Gq,rR //Amsde/ "`al person or by— person acting intar representative eoroofficialr capacity)orlaf
s
attorney-in-fact, insert the name and identify the capacity in
which it is executed; if by an officer of a corporation, insert
the name of such officer and identify the office. )
Witness my hand and official seal .
Notary Public
My commission
expires• \S- 2\.? 9
930690
RE IIBIc
Ano 0,a 1 6Q6;
a soHe06 .5tlo6"a8b
agb53g of
C _ B _ O _ E _ HEARING
DATE: JULY 29, 1993
TIME: 10:00 A.M.
SUBJECT: VACANT LAND BLOCK 25
ADDRESS: 907 6TH STREET, GREELEY
2804586
930690
LAND SALE S
LEGAL SALE DATE SALE PRICE SIZE PRICE/SF LOCATION
SUBJECT:
ASSESSORS
096105304011 VALUE
907 6th
2804586
$ 18,950 8064 sqft $2.35 Street
COMPARABLES:
SALE 0 25 -
501 8th
07/25/85
$ 672,600 160000 sqft $4.20 Avenue
SALE 0 26 702 10th
05/02/88 ` $ 250,000 57000 sqft $4.39 Street
SALE 0 27 422 11th
11/30/90 $ 22,500 9500 sqft $2.37 Avenue
9301590
g
C - 13 - O _ E - HEAR=NC
DATE: JULY 29, 1993
TIME: 10:00 A.M.
SUBJECT: VACANT LAND BLOCK 25
ADDRESS: 901 6TH STREET, GREELEY
PIN#: 2804686
930699
LAND SALES
LEGAL SALE DATE SALE PRICE SIZE
PRICE/SF LOCATION
SUBJECT:
ASSESSORS
096105304012 VALUE
901 6th
2804686 $ 12, 161 5175 s901
4 $2.35 Street
COMPARABLES:
SALE 0 25
501 8th
07/25/85
$ 672,600 160000 sqft $4.20 Avenue
SALE 0 26
05/02/88 702 10th
$ 250,000 57000 sqft $4.39 Street
SALE 0 27
422 11th
11/30/90 $ 22,500 9500 sqft $2.37 Avenue
930699
I
t
C _ B _ O _ E _ H E AR S NG
DATE: JULY 29, 1993
TIME: 10:00 A.M.
SUBJECT: VACANT LAND BLOCK 25
ADDRESS: 912 5TH STREET, GREELEY
PIN#: 2805286
f�f
LAND SALES
LEGAL
SALE DATE SALE PRICE SIZE PRICE/SF LOCATION
SUBJECT:
ASSESSORS
096105304018 VALUE 912 5th
2805286 $ 17,575 9500 sqft $1.85 Street
COMPARABLES:
SALE # 25 501 8th
07/25/85 $ 672,600 160000 sqft $4.20 Avenue
SALE # 26 702 10th
05/02/88 $ 250,000 57000 sqft $4.39 Street
SALE # 27 422 11th
11/30/90 $ 22,500 9500 sqft $2.37 Avenue
•
F
_ B _co _ E _ HEARING
DATE: JULY 29, 1993
TIME: 10:00 A.M.
SUBJECT: VACANT LAND BLOCK 25
ADDRESS: 916 5TH STREET, GREELEY
PING: 2805386
LAND SALES
LEGAL SALE DATE SALE PRICE SIZE PRICE/SF LOCATION
SUBJECT:
ASSESSORS
096105304019 VALUE 916 5th
2805386 $ 17,575 9500 sqft $1.85 Street
COMPARABLES :
SALE # 25 501 8th
07/25/85 $ 672,600 160000 sqft $4.20 Avenue
SALE Id 26 702 10th
05/02/88 $ 250,000 57000 sqft $4.39 Street
SALE # 27
422 11th
11/30/90 $ 22,500 9500 sqft $2.37 Avenue
- 'i
C - B _ 0 _ E - HEARING
DATE: JULY 29, 1993
TIME: 10:00 A.M.
SUBJECT: VACANT LAND BLOCK 25
ADDRESS: 920 5TH STREET, GREELEY
PIN#: 2805486
t�t
930699
I-LA.1\M SALES
LEGAL SALE DATE SALE PRICE SIZE PRICE/SF LOCATION
SUBJECT: J
ASSESSORS
096105304020 VALUE 920 5th
2805486 $ 17,575 9500 sqft $1.85 Street
COMPARABLES:
SALE # 25 501 8th
07/25/85 $ 672,600 160000 sqft $4.20 Avenue
SALE # 26 702 10th
05/02/88 $ 250,000 57000 sqft $4.39 Street
SALE # 27 422 11th
11/30/90 $ 22,500 9500 sqft $2.37 Avenue
930699
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4 EXXHIBIT.
{gB- sscssocs
S puo a80 y5'S AS
LAND SALES SUMMARY SHEET tJ o5 g4' .flag
3805 46�_s•5'46,
CONTRIB. LAND SALES
SALE DATE OF SALES VALUE OF AREA PRICE/
NO. GRANTOR/GRANTEE SALE PRICE .IMPROV. IN SF SF LAND ZONING
1 ONE TRUSTEE/U-TOTEM 03/11/81 $ 70,000 NONE 16,100 $ 4.35 C-4
2 ONE/CLARK 01/10/80 $102,000 NONE 28,500 $ 3.58
I-1
2A CLARK/YERBIC, ET AL 01/26/81 $180,000 NONE 28,500 $ 6.32 I-1
3 DAVIS, ET AL/BIG D PROP 05/26/87 $ 65,000 NONE 19,000 $ 3.42 C-4
4 GREELEY URBAN RENEWAL/ 01/28/86 $250,000 NONE 76,000 $ 3.29 C-4
COLSON CONSTRUCTION
5 BAIRCO ENTERPRISES/ST 04/13/84 $ 60,000 NONE 19,000 $ 3.16 C-4
MARY'S HOUSING COMM.
6 GNB/LA MERES ESTATE 06/08/84 $102,200 NONE 20,330 $ 5.03 C-4
7 AGLAND, INC/ 12/02/88 $ 38,988 NONE 11,400 $ 3.42 C-4
GABLEHOUSE & GPAUBERGER
8 MITCHELL, ET AL/ 01/14/80 $242,000 NONE 42,875 $ 5.64 C-4
WHITNEY, ET AL/
811 WHITNEY, ET AL/NOFFSINGER 12/02/83 $175,000 NONE 14,375 $12.17 C-4
9 ROMERO/NOFFSINGER 12/08/83 $ 75,000 NONE 7,187 $10.43 C-4
10 TOMEY, ET AL/NOFFSINGER 12/08/83 $ 40,000 NONE 2,875 $13.91 C-4
11 AMESSE/GGID#1* 11/12/82 $ 52,500 NONE 2,012 $26.09 C-4
12 MONROE CORP./GGID#1* 03/04/83 $ 88,810 NONE 4,255 $20.87 C-4
12A GGID#1/MID-BLK PRTRNSHP 10/21/83 $ 10,400 NONE 1,380 $ 7.54 C-4
13 EATON, ET AL/GGID#1* 02/11/83 § 70,000 NONE 5,750 $12.17 C-4
14 RAMSEY/CITY OF GREELEY 06/01/78 $ 50,000 $ 4,000 8,625 $ 5.33 I-1;C-4
15 DOWNES/FIRST UNITED 11/18/80 $ 75,000 NONE 9,500 $ 7.89 C-4
16 HERDMAN/GGID#1* 08/27/82 $101,200 NONE 5,000 $20.24 C-4
17 CINNAMON/WILLARD 01/10/79 $ 30,000 $10,750 2,500 $ 7.70 C-4
17A A.S.& W./LEPENOITIS 01/08/81 $ 42,500 $12,500 5,000 $ 6.00 C-4
170 LEPENOITIS/GGID#1 ID#1 06/22/82 $ 62,000 NONE 5,000 §12.60 C-4
18 OPDYKE/A.S.& W. 02/01/79 $ 87,500 NONE 11,500 $ 7.61 C-4
18A A.S.6 W./F.S.Y. 03/04/82 $ 65,000 NONE 9,000 $ 7.22 C-4
930690
LAND SALES SUMMARY SHEET
CONTRIB. LAND SALES
SALE DATE OF SALES VALUE OF AREA PRICE/
NO. GRANTOR/GRANTEE SALE PRICE IMPROV. IN SF SF LAND ZONING
19 EATON, ET AL/GGIO#1 - 02/18/83 $ 71,400 $24,150 6,750 $ 7.00 C-4
20 MITCHELL/DEAN 09/22/78 $ 40,000 NONE 9,500 $ 4.21 C-4
20A DEAN/ASMUS - 08/31/82 $150,000 NONE 19,000 $ 7.89 C-4
21 HICKS/DEAN 07/04/81 $ 82,500 NONE 9,500 $ 8.68 C-4 I
I
22 DELBRIDGE/ASMUS 08/30/82 - $149,300 NONE 19,000 $ 7.86 C-4
23 HAEFELI/MURDOCK CORP. 11/15/81 $132,500 NONE 9,500 $13.95 C-4
23A MURDOCK CORP./ASMUS 08/31/82 $145,000 NONE 9,500 $15.26 C-4
24 WORLDS6L/F.S.Y. 10/04/83 ♦ $129,000 NONE 5,250 $24.57 C-4
PARTNERSHIP
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25 GREELEY URBAN RENEWAL/ 07/25/85 $672,600 NONE 160,000 $ 4.20 C-4
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GREELEY PUBLISHING
26 DAVIS AND DAVIS/ 05/02/88 $250,000 NONE 57,000 $ 4.39 C-4
NORTH CENTRAL FOOD SYS.
27 LLOYD/LOPEZ 11/30/90 $ 22,500 NONE 9,500 $ 2.37 C-4
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