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Home My WebLink About930751.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1993, WELD COUNTY, COLORADO PETITION OF: RITE-A-WAY INDUSTRIES INC % JOEL WIENS BOX 760 KIMBALL, NE 69145 DESCRIPTION OF PROPERTY: PIN: R 5588486 PARCEL: 131310100009 - 25107-U PT NE4 10 2 68 BEG N89D49'W 451.4' & N0D24'E 1998.43' FROM E4 COR N0D24'E 150' N89D36'W 299.99' SOD24'W 150' 589D36'E 299.99' TO BEG 1.03A M/L 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 being represented by Marvin F. Poer and Company, 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: 930751 Page 2 RE: BOE - RITE-A-WAY INDUSTRIES INC ORIGINAL Land $ 112, 498 Improvements OR Personal Property 228,249 TOTAL ACTUAL VALUE $ 340, 747 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 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 930751 Page 3 RE: BOE - RITE-A-WAY INDUSTRIES INC 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 OBOE 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. 930751 Page 4 RE: BOE - RITE-A-WAY INDUSTRIES INC The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following IQ vote on the 3rd day of August, A.D. , 1993. � ! BOARD OF COUNTY COMMISSIONERS WELATTEST: BOARD OF CO COLORADO Weld County Clerk to the Board y -.-",<A46 i/,Lc�" Constance Fperbe/rt,, Chairman 74, �S. BY: ,2_A__,,-��c .k t/yy( ) y^r ,: — Deputy Clerk to the Boat& - W. H. bster, Pro-T (/ APPROVED AS TO FORM: - _- %4 etxrrCy Att ro ney` Dale K. Hall e'i ce I ,� rbara J. Kirkmeyer 930751 =#- / y - BOE DECISION SHEET PIN I/: R 5588486 PARCEL Ik: 131310100009 RITE-A-WAY INDUSTRIES INC JOEL WIENS BOX 760 KIMBALL, NE 69145 HEARING DATE: August 3, 1993 TIME: 2:00 P.M. HEARING ATTENDED? �('(Y/N) NAME: ( -t ' '- \ C \ \ ≤ YY\ i Y1T? AGENT NAME: MARVIN F POER & COMPANY TABOR CENTER - ' APPRAISER NAME: ',' r \ a \, :. n) V -C-r- 1 1 �F DECISION: DECREASE IN VALUATION INCREASE IN VALUATION NO CHANGE IN VALUATION ASSESSMENT RATIO ACTUAL VALUATION ORIGINAL ADJUSTED Land $ 112, 498 $ /)4) Lf 9Q Improvements OR Personal Property 228,249 , cg1 D L 9 Total Actual Value $ 340, 747 $ .±2:1114('Y/ I7 ' COMMENTS: MOTION BY L* 1H.) TO . \ 4= cti� 7 / a h Fe. I (--° SECONDED BY , ' Baxter - IN) Hall -- r N) Failed to me t burden of proof Harbert y N) fCComparables -4nadegUa* _- Kirkmeyer -- N) Other: Webster -- Y/'N) RESOLUTION NO. 93O751 1400 NORTH 17th AVE. -'N\\ GREELEY, COLORADO 80631 NOTICE OF DENIAL PHONE (303) 353-3845, EXT. 3656 25107-U PT NE4 10 2 68 BEG N89049• W 451,0 b C. NOD24'E 1998,43• FROM E4 COR NOD24. E 1501 N89D361IW COLORADO - 299:441I 500241W 150' S89D36 'E 299,99• TO BEG 1 ,03A M/L : 394C 119 9HWY $COLORAD OWNER RITE-A-WAY INDUSTRIES INC MARVIN F POER C COMPANY PARCEL 131310100009 TABOR CENTER PIN R 5588486 I200 17TH STREET SUITE 960 YEAR 1993 DENVER CO 80232 LOG 02577 06/01/1 993 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(ies): RESIDENTIAL PROPERTY IS VALUED BY CONSIDERING THE MARKET APPROACH, AGRICULTURAL LAND VALUE IS DETERMINED SOLELY BY THE EARNING OR PRODUCTIVE CAPACITY OF THE LAND, CAPITALIZED AT A RATE SET BY LAW, 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: THE ASSESSORS STAFF HAVE REQUESTED INFORMATION WHICH IS PERTINENT AND CRITICAL TO PROPER EVALUATION OF YOUR PROPERTIES VALUE. BECAUSE WE HAVE NOT RECEIVED THIS INFORMATION WE HAVE NO CHOICE ';1UT TO DENY ANY ADJUSTMFNTS ON THIS PROPERTY UNTIL THE NECESSARY INFORMATION IS RECEIVED. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND 112, 498 112,498 IMPS 228, 249 228 1249 • TOTALS $ $ 14Cg747 $ 34Of747 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. WARREN L. LASELL 06/25/93 By. WELD.COUNTY ASSESSOR DATE 930751 37 15-DPT Form PR-AR ADDITIONAL INFORMATION ON REVERSE SIDE YOU HAVE THE RIGHT TO APPEAL. THE ASSESSOR.'s DECI atON line t „ sa a d at Equalization will sat to hear appeals beginning Wier t and continainn geough August 10 for rue' yenteuiregiand and buildings) and persona's praherty digaddigrigs, itintobInery, and equipment). 39'8`104 and lu,ftg`;a DUPES: ',e .. Nicia to appeal the Asscessor'S decision,.ion, mar or {,c' one tinny et this comitinito the Conn it r RFC, 1^' ..SC ,. '.qe '6, preserve your "", 1, �. t ,t,77e� "teii ,.� ,. -_ .'i r. .. OR REAL PROPs.fj.Y, N et;:..'( ';. Feint eflitriSONAS POP ', . . . irif LC CON 130A RA .. la., clai At O. t... . ;eta .) a. .e tif' '' c.'-1 ;t 'iO , F HEARING: You . .... no ;•r i of the time and plane e% toolhe nearing r. gnu e} e ei- OCNI1, , HOARD OF EQUALIZATION'S b TE€ MMINA iON: The Cooney board of Equalization rnu+st make a decision 00 yrOur dope :0 and mail you a deterru:null on within, live iiinsintist Gips Nu County Boa id must con .lude. their hearings by August', in, TAN SURIT SFOR FURTHER APPEALS' it < :en atd s..n O'{t Pith the County Huard ai E_geci tdaa2},,'t .. de isign,, funs must fit£3. within thirty ntr _ ._�tta _atir;n' written decision with ONE of'the folic-Hind' owlnd' v _ Board of Assessment ent Appeals IBAA): • schuss the at 1313 Sherman, Room A, theratler, Colorado 8020.. 0303i 566-555P, . District Court: Stir Avenue and 9th Stroet, P.O. Styr is Greiuinv, Colorado 8063.2 - Telephone.I303) 356-4000, Ext. 4520 'Arhitratiorr. iyELC3COUNTY BOARD OF r (1JAALI _ATIC4`A I i 915 lath Street, ITC Box 758 • Greeley, Coleraine 80632 e8 t hone 130d; 356 4000, Ext. 4225 reiif net returnee n determination {mrnl. = Cor:-.oCdataldi A ..ivalt ..a on,you must tilton aopp'<'l tt ,. ;o9 guseri of Assessment Appeals by September 20. TO PRESERVE YOUR APPEAL. RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING, PETITION TO THE COUNTY BOARD OF EQUALIZATION in the space below, please explain why you disagree with the Assessor's valuation. IN ACCORDANCE WITH 39 4-106(L5). C.L .S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as necessary. ' One or more 'of the approaches to value indicate that the value assigned to the economic unit, of which this parcel is a part, is excessive. The petitioner's opinion of total actual value is: $ aa',n 000 Documentation will be furnished at hearing. Please send notice of hearing to: John F. Oberly /' Marvin F. Poer & Company 1200 17th Street, Ste 960 /RI / Denver, CO 80202 303/571-1800 7/14/93 930751 ‘C CLERK TO THE BOARD P.O. BOX 756 GREELEY,COLORADO 80632 (303)356-1000 EXT.4225 O • COLORADO July 22, 1993 Parcel No. : 131310100009 PIN No. : R 5588486 RITE-A-WAY INDUSTRIES INC % JOEL WIENS BOX 760 KIMBALL, NE 69145 Dear Petitioner(s) : The Weld County Board of Equalization has set a date of Tuesday, August 3, 1993, at or about the hour of 2:00 P.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 heating, a decision will still be made by the Board by the close of business on August 10, 1992, and mailed to you on or before August 16, 1992. 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. • RITE-A-WAY INDUSTRIES INC - R 5588486 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, BOARD OF EQUALIZATION lluei7 Donald . arden, Clerk to the Board BY: l C'L� /li'C Linda M. Dodge, Deputy ( cc: Warren Lasell, Assessor MARVIN F POER & COMPANY, TABOR CENTER it I 97;0'751. +▪ JXHIIIT C _ 13 _ O _ E _ HEARING ��j�� .6-5-Qfly/ l5SCscnCG' Subject: I-25 Inn Address: 3940 Hwy 119, Del Camino Pin: R 5588486 Date: August 3, 1993 .� a jimas- Lis y� ` . X i A. V, Land Area: 44,999 sf # of Rooms: 31 Land/Bldg Ratio: 4:22 Y.O.C: 1971 Bldg Size: 10,656 sf Construction: FicodFrme 430"75'1 N a PA 7.:1. n1 :20alre17 ow n a I - -1 ,t,-. -g._ c• 1,1 a. ¢" 2 .1 . . X Ie.CI. 1 . . . . r . �1 ` raj v1 0 ' `I ' o x H. 31 . IY a : : p -4- iI - n . n . . N 2 I . �. . 2 . . I I . . . R.) W ' . � .. .: QSI .1 . . . .1 II: . . HVta II < Di ti. q .J lei . . : ,I I.- I. I itt L . . I I ' 1 I I. I 00 . I . : .I . d I I I . I 3 c..) v- . N a . m. 0- . . Q � . Do • .. . >L . . .II . . . II 0C- MAO . . . � . of b s• 4 . v . ,fir - 71 lig tt $ W \ \ \ J V1 4 I {p elA'[ C1;3;41(111 ''f}]}o��1°44 '� .f �F, t:T a{ fj . .'itt t1SMtS ° ?y'Ll6,, \Y Sy e.i r �Xj ;. '��' r` '4 „-sr w 1 � t,N yip a Fs{ 40WW 'xnsS ,7}+S6 f ylx : ' x tGi?;,,,,a,°1,rp�V' ' s� 1 `: yt%tI vFi 4 3 r 4 _ e�ynNixpdn.,tawexlWaaYY a . 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I,._ PIN: 6127786 PARCEL # : 147106100028 OCCUPANCY: MOTEL ADDRESS: 201 FIRST ST FORT LUPTON PROJECT: 0 BOOK #: 1360 SALE DATE: 11/30/92 RECEPTION #: 2312743 SALE PRICE: $265 ,000 ADS SALE PRICE: GRANTOR: COLLIER WARREN GRANTEE: PATEL PRADIPKUMAR V YEAR BLT: 1971 LAND/BLDG RATIO: 6 .77 BLDG SIZE: 5 ,616 PR/SF(IMPS) : $31 . 97 CLASS: D PR/SQ FT: $47 . 19 CONSTRUCTION-QUAL: LOW CASH DOWN: $80 ,000 WALL HEIGHT: 10 LOAN: NEW STORIES: 1 INTEREST RATE: 8 .00% BSMT SIZE: 1040 LOAN TERM (YRS) : 30 LAND SIZE: 37993 POINTS PAID: 0 LAND VALUE: 85484 BY WHOM: 0 REMARKS: OWNER CARRY FINANCING. NO APPRAISAL REQUESTED; LIMITED REVIEW OF INCOME BY BUYER TO DETERMINE VALUE. 15 rooms @ $17.667 930'151 Subject: I-25 Inn Address: 3940 Hwy 119, Del Camino Pin: R 5588486 Parcel: 1313-10-1-00-009 P RO FORMA INCOME AP P ROAC H Total Revenue $176,970 Expenses 120,074 (68%) Net Operating Income 56,896 Cap Rate 14% Value of Land & Improvement $406,400 Current Assessor Value Market Approach Market driven cost improvements $228,249 land 112,497 TOTAL 340,741 $340,740 Income Approach $406,400 4 30''51 Hello