HomeMy WebLinkAbout940438.tiff RESOLUTION
RE: APPROVE CANCELLATION OF UNCOLLECTIBLE LEASEHOLD TAXES FOR 1987 AND 1988
FOR PETROCARBON ENERGY IN THE AMOUNT OF $16, 481.62
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 leasehold taxes, assessed for 1987 and 1988 for Petrocarbon Energy, deemed to
be uncollectible, said list being attached hereto and incorporated herein by
reference as Exhibit "A", and
WHEREAS, Francis M. Loustalet has certified to the Board that he has
exhausted all means for collecting said leasehold taxes, and
WHEREAS, Section 39-10-114(2) (a) , CRS, as amended, provides that any taxes
levied on leaseholds which are determined to be uncollectible after a period of
six (6) years after the date of their becoming delinquent may be cancelled by the
Board of County Commissioners.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the leasehold taxes assessed for 1987 and 1988 for
Petrocarbon Energy, as set forth in detail in the list, attached hereto as
Exhibit "A", and submitted by the Weld County Treasurer, in the amount of
$16, 481.62, 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 11th day of May, A.D. , 1994.
LeiWasth BOARD OF COUNTY COMMISSIONERS
ATTEST: WELD COUNTY, COLORADO
Weld County Clerk to the Board h,/(11/0 I/(2i(p,f/
H. Webster, Chairman
BY: ( J�.I a/dA O
Deputy Cljkk to the Board Da X. Hall, Pp) Tem
APPROVED AS TO FORM: � x
GeoreplE. Baxter
unty ttor y Constance L. Harbert
EXCUSED
Barbara J. Kirkmeyer
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EXHIBIT "A"
NAME AND DESCRIPTION 1987 TAXES 1988 TAXES TOTAL
Bashor 8-17 PIN 0170188 $1,065.06 $1,065.06
SE4NE4 17 10 61
Josey 12-8 PIN 070388 $4,628.78 $4,628.78
SW4NW4 8 10 61
Anderson 22-4 PIN 0170488 $608.02 $608.02
SW4NW4 4 10 61
Banzhaf 23-4 PIN 0170588 $1,177.90 $1,177.90
NE4SW4 4 10 61
Susie 11-9 PIN 0174688 $582.86 $582.86
NW4NW4 9 10 61
Bashor #1 PIN 0203187 $4,809.12 $1,779.42 $6,588. 54
SE4SE4 8 10 61
Bashor #8-8 PIN 0203287 $1,212 .70 $617 .76 $1,830.46
SE4NE4 8 10 61
GRAND TOTAL $16,481.62
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OFFICE OF THE COUNTY TREASURER
FRANCIS M. LOUSTALET
T COUNTY TREASURER
ID
PHONE(303)3533845, EXT.3250
WI D POST OFFICE BOX 458
C. GREELEY, COLORADO 80632-0458
COLORADO
May 5, 1994
Board of Weld County Commissioners
915 10th St
Greeley, CO 80631
Dear Commissioners:
This letter is an explanation on the request for cancellation of the audited
leasehold taxes on the company known as Petrocarbon Energy.
Attached is a letter from Chuck Norman to explain the reason the audited taxes
are uncollectible. Also, attached is a sheet showing the taxes due.
It is the request of the Weld County Treasurer's Office the taxes to be canceled.
Thank you for your endeavor in this matter.
Sincerely,
Gary arker
Weld County Treasurer's Office
940438
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CIS Services, Inc.
Mineral Economics
January 10, 1994
Mr. Gary Parker
Weld County Treasurer' s Office
P. O. Box 458
Greeley, CO 80632
Dear Gary,
Please close any files you have relative to delinquent ad
valorem taxes due from Petrocarbon Energy.
As we discussed, Petrocarbon paid approximately $5, 000 in
delinquent taxes on under-reported production volumes . Our audit
also questioned some of Petrocarbon' s gas prices. However,
Petrocarbon entered bankruptcy before we could conclude the
pricing issue.
Since there is virtually no chance of collecting any
additional taxes from Petrocarbon, I recommend that any open
files on this matter be closed.
Sincerely,014 Charles A. Nor(laellin
n
P.O. Box 280203 Lakewood, CO 80228 (303) 989-6978 Fax(303) 989-7428
• Cheyenne, Wyoming • Casper, Wyoming
940439
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