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Home My WebLink About920229.tiff 15 D PT FORM PRESCRIBED BY THE PROPERTYJFQ(ADMINISTRATOR FORM 920 1/66-6/90 PE N FOR ABATEMENT OR:AEFU ND OF TAXES-C.•ECKEL CO. DENVER 36312 Petitioners: Use this side only. J Greeley , Colorado,,. December 13 , 19 91 City or Town To The Honorable Board of County Commissiodets'df- Weld County Gentlemen: The petition of Gregory, Frank C whose mailing address is- PO Box 457 Greeley CO 80632 City or Town State Zip Code SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX ROLL 2810586 GR 4846 L27-28BLK44 (0961-05-3-15-012) (813-815 8th St) respectfully requests that the taxes assessed against the above property for the years A. D. 19..39..., 19 90 , are erroneous, illegal, or due to error in valuation for the following reasons: (Completely describe the circumstances surrounding the incorrect value or tax.) In accordance with Senate Bill 91-231, petitioner requests review and adjustment of the 1989 and 1990 assessed value. Subject's over-valuation is verified by the assessment reduction the property received in 1991 and is further verified by the attached report. Summation: Subject is a retail property located in the middle of the downtown mall. Subject's value was established in recent appeal, using actual income, a pro-forma income analysis, and market sales. The same sales (sale dates 8710, 8804) used in the appeal are applicable in the 89/90 assessment period, as are • the actual rents and pro-forma analysis. Petitioner, then, requests the 1989/90 valuation be adjusted to $108,000 actual value. 19&9... 19 90 Value Tax Value Tax Orig. 44, 100 4,452. 16 44, 100 4,523.16 Abate. 12,780 1,290.22 12,780 1,310.79 Bal. 31 ,320 3,161.94 31,320 3,212.37 The taxes (have) (Baxnrot) been paid. Wherefore your petitioner prays that the taxes may be abated= refunded in the sum of $ 2,601.01 1 declare, under penalty of perjury in the second degree that this petition, together with any accompanying exhibits or statements, has been examined by me and to the best of my knowledge, information and belief is true, correct and complete. Frank Gregory Petitioner • II B �. 1... _:.• �' By Agent Christoph r D. Ruff R&N Property Consultants 413 Main St * PO Box 99 Address W,i.ttdsor.,...00..50550 (303) 686-7447 i -- 923221 RESOLUTION OF COUNTY COMMISSIONERS WHEREAS, The County Commissioners of County, State of Colorado, at a duly and lawfully called regular meeting held on the day of , A.D. 19 , at which meeting there were present the following members- notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and said Assessor. and taxpayer being present; and (name) (flame) WHEREAS, The said County Commissioners have carefully considered the within applica- tion, and are fully advised in relation thereto, NOW BE IT RESOLVED, That the L.,ard with the recommendation of (concurs or does not concur) the assessor and the petition be and an abatement/refund (approved or denied) (be allowed or not be allowed) on an assessed valuation of$ for $ total tax for the year(s) 19 Chairman of Board of County Commissioners. STATE OF COLORADO, ) }ss. County of J I, , County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the County of State of Colorado, do hereby certify that the above and foregoing order is truly copied from the records of the proceedings of the Board .,l County Commissioners for said County, now in my office. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County, at , this day of , A. D. 19 County Clerk. By • Deputy. ACTION OF THE PROPERTY TAX ADMINISTRATOR Denver, Colorado, 19 The action of the Board of County Commissioners, relative to the within petition, is hereby ❑ approved; O approved in part $ lJ denied for the following reason(s) ATTEST: Secretary. Property Tax Administrator. • CD F- Z N Z • a .-+ wO 2 2 r C w o y Z a r O CC o O et N W Y i4et' owoa L.: o` F. S 7tr: 44 bo . w ~ 3 `'il H L"tj O CC 61 `O' w • Z pqq o C Z p y Kg a o y u L _ QQ G Q �^ MC (-) \ ` a ,o 2 ,. EEGs E. ar F- C I 4 D 'fiO C �. OU O ° i ¢� � Oz °i �� & E a° � - [>J d p tT z a ,n A ... 6. O 1,-, G, .C L w CO O Lid G. 0 p = y () 'O E .. a w v) = rC A E M o m e a etCQJ _ 2 � $ y o o z ! V;) ° ocnowo . o . o $ o x • ❑ w r ,« S E ... '$ o o ,„ g o t d mL l- O GLNT v aC7°, m e Sa m E a RESOLUTION RE: ACTION OF BOARD CONCERNING TAX ABATEMENT PETITION - FRANK C. GREGORY 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, the Board has been presented with a Tax Abatement Petition, Schedule Number 2810586 (0961-05-3-15-012) by Frank C. Gregory, for property being more fully described as follows: GR 4846 L27-28BLK44 (813-815 8th Street) WHEREAS, a hearing before the Board was held on March 11, 1992, at which time Christopher D. Ruff, R & N Property Consultant's agent representing the petitioner, requested the Board to allow the withdrawal of said petition. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that this matter be, and hereby is, withdrawn. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 11th day of March, A.D. , 1992. BOARD OF COUNTY COMMISSIONERS ATTEST: WELD COUNTY, COLORADO Pd4411 Weld County Clerk to the Board EXCUSED DATE OF SIGNING - (AYE) /J/� Georpe Kennedy,� Chairma BY:7440,6a t fiS�,/� ( �✓ l�6iJQ 40,-t ete `i'�i1 Deputy lC er o the Board Constance L. Harbert, Pro-Tem APPROVED AS 0 FORM: / C C. W. K b y County Attorney Gordo€ . L cy W. ebster 920229 AS0U- cc 1S. I, G1:i:6o /?y1 rtGf G r;kl I:I.I-N, i)L+)I:\L►t)Sfl6.i! NUT1.,E. OF ADJUSTMENT PHONE(303).ish4nuo. I XI'.a'Sb t,k 4845 L_,7.7—zbtiLK44% 13-815 8TH ST'S• wuk COLORADO fs1:3 8 ST GR1 LLEY OWNER GREGORY FRANK C 4 GLADYS E. E.RIS INTLR ATIONAL PARCEL Q961g5315C12 PIN R 28105116 413 MAIN YEAR 1991 • WINDSOR CO 8055,, LOG C1666 • 05/15/1991 • 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(ies): __• 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 al 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%. Ali 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 valuations)assigned to your property. The reasons for this determination of value are: THE ACTUAL VALUATION OF YOUR PROPERTY HAS BEEN ADJUSTED BASED UPON THE ADDITIONAL INFORMATION YOU HAVE PROVIDED• • • PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW • LARD • • • 23100C 23)000 IMPS 1295053 855000 TOTALS $ $ • 1521053$ 108p000 If you disagree with the Assessor's decision,.you have the right to appeal to the County-Board of Equalization for further consideration, • 39-8-10611)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal. By: WARREN L. LASELI._ WELD'COUNTY ASSESSOR' DATE 12 F'.em PR 2207 87191 ADDITIONAL INI ORivi +TION ON REVERSE SIDE 2';0+% 2 PARCEL/SCHEDULE NUMBER: 0961-05-3-15-012/2810586 PROPERTY ADDRESS/CITY : 813 8 St, Greeley COUNTY : Weld OWNER/REPRESENTATIVE Gregory, Frank C R&N CONTRACT NUMBER A0352-7 DATE SUBMITTED PETITIONERS VALUE: $108,000 CASE SYNOPSIS: Subject is leased to the Downtown Service Center @1000/mo. Tenant pays all utilities, owner pays taxes and insurance. Upstairs is essentially unfinished and used only as storage. Even assuming that owner pays nothing more than taxes and insurance, subject's income value is only $68,000. At the high end, considering sales of downtown retail, subject is compared to county sales nbrs 65,66, and 67, and the county purchase of the DC Royer bldg. A market value of $20.00 is considered fair ($108,000) INCOME APPROACH TO VALUE Reconst : $ 67,886 INCOME APPROACH TO VALUE : $ 0 PRO-FORMA INCOME ANALYSIS : $ 107,500 MARKET APPROACH TO VALUE 1988 : $ 108,000 PROPERTY INCOME AND EXPENSE ANALYSIS Reconst RENTAL INCOME Gross rents 12,000 CAM Reimburse Vac/Credit Loss 0 % 0 Adjusted Gross 0 12,000 OPERATING EXPENSES Advertising ERR% 0% Insurance ERR% 250 2% Grounds Maint ERR% 0% Janitorial/Clean ERR% 0% Management Fees ERR% 100 1% Maintenance/Repair ERR% 0% Property Taxes ERR% 4,522 38% Res/Replacements ERR% 0% Utilities ERR% 0% Trash removal ERR% 0% Misc Category ERR% 0% Misc Category ERR% 0% Total Expense ERR% 4,872 41% Cap Rate (expensing actual taxes) : 0.105 GRM: 0 — ------- = INCOME VALUE : $ 0 0.105 12,000 - 4,872 -- = INCOME VALUE Reconst: $ 67,886 0.105 PRO—FORMA INCOME ANALYSIS Leasable Square Footage: 5,375 SF Avg Gross Rent Rate $ 4.00 Potential Gross Income : $ 21,500 Vacancy/Collection Loss: 10 % Operating Expenses 25 % Cap Rate (eft tax=.025) : 0.135 PRO—FORMA INCOME INDICATION OF VALUE: $ 107,500 c1°?Oi7''7s� 4.)( + '.:fir- PROPERTY TAX CONSULTANT - CLIENT AGREEMENT Client :Mr . Frank Gregory Property Address:See Amendment # 1 City County :" Parcel Number :" (a) The client has contracted R!N Property Consultants to serve as consultant and agent In connection with any and all real estate assessment appeals to the County Assessor, the County Board of Equalization «.ROE), the Arbitration Process, andlor the State Board of Assessment Appeals (BAA), respecting the abpv_e property. This agreement Is effective only for tax years 1991 and 1992, 0.w'dd ecco"5 years i nhF � jx � 3/2;. �y/ Anreed: uJ, (date) . y • 4 a + 1 9n22') 413 MAIN STREET • P.O. BOX 99 • WINDSOR, COLORADO 80550 •(303)686.7447 FAX(303)686.7492 " / K& N PROPERTY CONSULTANTS AMENDMENT *1 TO PROPERTY TAX CONSULTANT - CLIENT AGREEMENT Parcel # Address 096109300068 7/11 1st St. , Greeley 096120319004 7/ 11 . , Evans 096107123016 1521 11th Ave . , Greeley 095910106007 4712 12th St. , Greeley 095914202046 4121 20th St Rd. , Greeley 096105322019 816 8th St. , Greeley �j'r (liot- 3i hot3' eft 3e1" C>4 r [ C11ent: � : #� Date : / / y'�g/ R&N: 1 G�z� Date : • W.d 9, 413 MAIN STREET • P.O. BOX 99 • WINDSOR, COLORADO 80550 •(303)686-7447 FAX(303)686-7492 - • - CLERK TO THE BOARD 4.714\7\:, R.O. 8OX 759 GREELEY,COLORADO 80832 (303)356-4000 EXT.4225 COLORADO February 25, 1992 Christopher D. Ruff R & N Property Consultants 413 Main Street P. O. Box 99 Windsor, Colorado 80550 Re: SCHEDULE NUMBER 1479086 - Donald J. Drexler SCHEDULE NUMBER 2810586 - Frank C. Gregory Dear Chris: Per our phone conversation of February 24, 1992, this is to confirm a change in the hearing date from Wednesday, March 4, 1992 to Wednesday, March 11, 1992 at 9:00 a.m. If you have any additional questions, please call. Sincerely, Donald D. Warden, Weld County Clerk to the Board By: Ste cCi Deputy Cleo;to the Board xc: Petitioners Assessor - W. Lasell County Attorney f \ lot CLERK TO THE BOARD P.O. BOX 758 GREELEY,COLORADO 80632 wiiC. (303)936x000 EXT.1225 COLORADO February 21, 1992 Mr. Frank C. Gregory P. O. Box 457 Greeley, Colorado 80632 RE: SCHEDULE NUMBER 2810586 (0961-05-3-15-012) Dear Mr. Gregory: This is to advise you that the Board of Weld County Commissioners will hear your petition for tax abatement or refund on the property described as: GR 4846 L27- 28BLK44 (813-815 8th St) . This meeting is scheduled for Wednesday, March 4, 1992 at 9:00 a.m. , at which time you may be heard. The Assessor is recommending that the Board DENY your petition. The meeting will be held in the Chambers of the Board, Weld County Centennial Center, First Floor, 915 10th Street, Greeley, Colorado, at the above specified time. If you have any questions concerning this matter, please do not hesitate to contact this office. Sincerely, Donald D. Warden, Weld County Clerk to the Board Deputy Clerk to the Board XC: Assessor - W. Lasell County Attorney R & N Property Consultants .y Hello