The URL can be used to link to this page

Browse Search

Home My WebLink About901490.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1990, WELD COUNTY, COLORADO PETITION OF: DAVISON JACKIE J-1/2 INT & LEWIS JERALD P TRUSTEE-1/2 INT % GREELEY TRAVELODGE 721 13 ST GREELEY, CO 80631 DESCRIPTION OF PROPERTY: PIN: R 3245486 PARCEL: 096108211005 - GR 5485 L6 & S45 ' OF N90 ' L5 BLK98%721 13TH ST% WHEREAS, the Board of County Commissioners of Weld County, Colorado, organized as a Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the assessment and valuation of real and personal property within this County, fixed and made by the County Assessor for the year 1990, and WHEREAS, said petition has been heard before the County Assessor and due notice of adjustment thereon has been given to the taxpayer(s) , and WHEREAS, the taxpayer(s) presented a petition of appeal to the County Assessor's valuation for the year 1990, claiming grounds for relief thereunder stating the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, said petitioner being represented by Dave Patel, 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. As such, this Board finds that the Petitioner failed to meet its burden of proving that the Assessor's valuation was incorrect. The assessment and valuation of the Weld County Assessor shall be, and hereby is, affirmed. 9414903 Page 2 RE: BOE - DAVISON JACKIE J-1/2 INT & LEWIS JERALD P TRUSTEE-1/2 INT 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. (39-8-108 (1) , 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. (39-8-108 (1) , CRS) 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. (39-8-108. 5, CRS) Selecting the Arbitrator - In order to pursue arbitration, you must notify the CBOE of your intent. You and the OBOE 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. Page 3 RE: BOE - DAVISON JACKIE J-1/2 INT & LEWIS JERALD P TRUSTEE-1/2 INT 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. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 3rd day of A ust, A D. , ,1990. / A //// ATTEST: r � y �� BOARD OF COUNTY COMMISSIONERS �� U� 7 WELD UNTY, COLO DO Weld County Clerk the Board �� : ene R B antn r, Chairman eputy Clerk t the Board Geo ge K edy, Pro —APPROVED AS TO FORM: .47/z5 .. 2*,e-2 - - Constance L. Harbert±3fb.47,)--t- " //tV - 4 /7,", ct2/ County Attorne — C. W. Ki b Go ' . OFFICE OF COUNTY ASSESSOR 915 10th STREET NOTICE OF DENIAL GREELEY,COLORADO80631 win 0� PHONE(303)3564000 EXT.4256 GR 5485 Lo E S45s OF N90s L5 BLK981c721 13TH ST& COLORADO 721 13 ST GREELEY OWNER DAVISON JACKIE J-1/2 INT E DAVISON JACKIE J-1/2 INT E PARCEL 096108211005 LEWIS JERALD P TRUSTEE-1/2 INT PIN R 3245486 A GREELEY TRAVELODGE 721 13 ST YEAR 1990 GREELEY CO 60631 LOG 00424 06/01/1990 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 production 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 at 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%. 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 fora listing of these districts,and plan to attend these budget hearings. The Assessor has carefully studiedall available YYinformation, giving particular attention to the specifics included on your protest and has deter- mined kthe vlaflAVE(sRE5VIEWEDyoYOURePROPERaTYs for determination ISal�eORRECT. STATE LAW REt3UIRES THAT 1987 AND 1988 COST AND MARKET INFORMATION BE USED TO ESTABLISH 1990 VALUES. a v �1 J to r PROPERTY CLASSIFICATION PETITIONER'S ASSESSOR'S VALUATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND 70.500 70.500 IMPS 259; 000 259.000 TOTALS $ $ J2ys5V�$ 319;Sou 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 RICHARD W. KEIRNES 06/08/90 WELD COUNTY ASSESSOR 8 15-DPT-AD DATE Form PR-207 87/60 ADDITIONAL INFORMATION ON REVERSE SIDE 10" BADE THE NIGHT T TO APPEAL t d39 ASSESSOR'S.OR'S. DECISION . y, a ou n August 10 for real property t vrt; : rs,q _. 46 t „rt FryrroUstryys macipobly. x,sui ttu ,':ne T) j9.f>- t04 and 39-8-107(2), C.R.S. APPEAL ? ti pit. ti: x1 .' o .dY x ... c; etcd to 110 the County Board of ;2 you, 622,, ,2 � +.a e i.er.l Noir be t C INA SKE: t OR :DELIVERED ON Ofi BEFORE ., .$P2 PHopL rAp2 s Y i � '..d.• ,t'r£i.4°s. ti- Sh ,'t,C, k't,. i?F �x7 F-ti rP E.^?) sysym nHams; ,tssmssmsts Minisiom m t-t) deliver tme copy of FAT completed roam to theCounty Board of sa ao , o. otot 1t ,teal must P xS . NARKED OR DELIVERED ON OR BEFORE 1 t ♦ _ • :Y aRES('F SOLIALDTAI ION _ _ t p :Nut t ."}i''� do 84l632 dr; -i000 Exit. 4226 _ 665 ; . }' .G 2 ¢ HEARING,Flt?=NC$: ?' t� ..x. :i}r,ll zl (he rimeit duce ,,D ',,. As Ba• ;_i of your appeal. ', Y.":<inD OS E t A ?:'ass t,N DETERMINATION: 8.41.64-7 `jta o of AFT a i ust .< a 3 deCiotuil OPi x.w t de r: ettiL: r yn r_o n Y ' Y t ��a.-ion within five business ., e q Rom d mcsi, conclude `k elf loacings Icy ,august 0. : .763.27.878711 3 a s Emiri ^x i of: Lt i"k}T$ rat .>t Eo with tau; County Boars of Eur,anzation`s stectsion n must Me within thirty days of the County s decision to £3ts,iLf of the 'n owinza: Roam! or Assessment Appeals (BR`A), r, � 4., !tt ttCJx �..a...7., is r.` ver i2: 37:,70 88203, (303) 366-5880. 3� , District Court; 9th Aysnue and 9th Street, PC), Hoy, (; Grvoloy, Colorado 80632 Ieitiol One (303) .356 4000, E.5,. /4520 � _ _ Untoes { .t oraci 3 STS6.32 i •txr x :306 .636 Nfits t_ EN_ 4238 743 E 1 " NAAR ABBENL ymi E i 4IDS p PROVE 600 HAVE FILED A TIMELY APPEAL, 6006; . ,,tAi-62082,N A t .t TAFF , =^,s,EN y, Aki AUDI..<cLt WITH PROOF OF 'MAILING. `>. s 3_ ION TO THE COUNTY BOARD OF EQUALIZATION "!N7:8:66: INN olease e Kid do the �d:•1f ee ttat .7333 S. ',al r}y$�(i5t S ..x t�s� T� ENO 3f�i,�lt;(ir u; documents as necessary. , G'= t‘itd 123,./1-0�' 7/ 9f90 DATE a atzeeley 141,271 721 13 Hi streel- Ci-taeeI e co S''n4,14 d Ju,Li `l 1 `) `i) 4 q 15 10 lh beer f � U 9 x — (I 75 Gheeley co cs"063 . , 1 )CAr J ( r r <( i—c� e car. 1 {� A J 1 e k.Lk � Q,, i s S.)7 S' Ike G-1 ueley 1 'rl•YI th,teh f y a �o��(1ud,t"x,1,.4.. �'x � It' - -Ick_e ,1- -1"i/ur"' -Y7 f ct S.yn S • ( 1) Jhe Gloss �Zev (-nue Iry D $ 5- ti:ad pi cupl).rza74' ill ck. (' Cpti` 11' 450, e) 00 ( .1I, e �i,)re `, f/ I ' idutyeVJ vs . #-_Loy{ oov .gym, 1`IrS , r --- -- 4 ( 2) v11 e ��c)-camc aoi Rice-Ed- ( Foul) to -Lb<. G tie flei Ili ( 71'3 13 ft) ` theft-) 1) t, o ift xit.k sI ''')n0.>z e / Actin/ ttrbuilii,.. {� 1 No bucly W 'cvnI' ° .�e icuse 1-ecuu✓3e II col Live c� et,t e h i oh c��;in �� en e if) 604 it O o c] . _ J a (_3) dhe usc(-1 Ccvi _to L- t Gr-iee1ey /-ILIfi) _ 5 c_Ie ) _cn, 1 FftaenI- of _fit ( Greeley a TIrlrl ( Molt ! ) bass cc cols A./iv -Ekei -' _ has cK /air c . Jhe I do yi -)1 _i tt fi b Ccl l(.4( 0 i- --lNe 1 -)z°is) c"iffy, ‘,71-) e 14,i) l c-I Caf2 la L J eY AA c e 5 1; (l el El en) e rrv1`S a n of th 94 e.rl f 17 7% _.._ 7 I'I ('asP _t tIr, "rt nenl" ic1y e 4 A. Ike? ---511 like .6,-yes Gyn.( v ctin cIe Q,, e tit c Put,i K ed CWY5 . V h e1 cuts 9 --Ste al VaLi(Aides rn7y1 tv2 Guth yylD hi'jC3` 1 act xe'4 hi Jcili e im o-,t di eti es Fs �.N -fie G,re(I e i .17i -0 ID Onk j T., q -tat, J' (if ) ii` a c c. , a 1,r,A,j F ++�{ y f cva c �--3'{-w'(-Cal ..! ri'1 cGC,t Mc.teI On th.t u11l Aveen -ht Ac :, ktt- tk f cure car? -kik- Ike b-0,0 i -n ess :Jh �s does mot- ot,c-Iel (I kr) tkie v(-A-Cci(Am'o,-)✓ co liteiit-lotehti , (5) M al o t -Lit .r not o% Le ` o.t e I ;)ig ( s t s c i 0 New ,%) o,tel h Oro II Five 610ckS' akia'1 claCS =dot ---T1ek.r a. Z-6 yeaTz -s 014 1). orei—t IL/ . ( G )_:.t up, i +,ciik e 54 Ty ? .n-1 14 ^rri D 7, 11).S_ C it LICI 1 eltivr0ll') J±,,,e .Y1 e (7h ko II)g0 cl 0,c-.-icI � r -kip• t CAI Ii i r cky e cky: o+�,:I _ it'm a,r; _�4, S*(A.'hen i rj � , 0 i. Motel i9-4'ts hi rx,,re ct,' ic�h cn'¢ up , des --kJ', t ai- eipie- a,nd cl Q mo} C' Wcvri I- t o Corr() e b�� to -ILe Matt I- (7 ) We Acid im "zedLIce tite -cr Looni he<nt- ko —Cernitre (A1_ 1-1,, ' - Ike ' 5tfrt o-u-ncli11-) t1a1 { 1 13-t tehheS . 3 ( ) a1-) e M o,,17 e rho IDelzfrr _LA LC) yeah 0101 011 tit e tv -Lk _- eeik4- CS m ire r11` e i iz e to cwy c , ,exl 11 0-k;n1 e -Yi 1 I c { e 1 e 91 s as' . New .h a 0 i Qui vn s f cut,C c ck o rn I I el x /€(ti's owe , '410 W CV C,d t,l- 9? C: c (41:7 �7 CS. K -Sever-c-tC �f aiiis- Mott eoveif Hecaa>� , ll i y CO 12 c(i /0'n 171I- a,n cl 1' L tiryrt b l'71 Jz e, ti re s Ynone tire? e- 1' he ( n,v✓ May/I- e -fi tike I ;3ascEl 6'r, _Lke dec-ye< 2i71y e v e ,In Li (nt� can c( ;-1 in [7 P cti31 Yuf ��l' ck-{-- 0 l( c J }t. lJ keI1ev( #eMotel �.3'to e � Fi 1-G7 , hyttc.1 be Idyz isti(- ��t I �eekicecl to t7U32vevc An, _14) �4�I ` 1eSS r i, c u r e Li ( tAner. i-�cw h M1 ei by yeel e TNN IN( i i i res(41 OFFICE OF BOARD OF COUNTY COMMISSIONERS PHONE (303) 356-4000, E%T. 4200 758lunge GREELEY, COIARADD 80632 COLORADO July 25, 1990 DAVISON JACKIE J-1/2 INT & LEWIS JERALD P TRUSTEE-1/2 INT % GREELEY TRAVELODGE 721 13 ST GREELEY, CO 80631 The Weld County Board of Equalization has scheduled your hearing for Friday, August 3, 1990, at or about 10:00 A.M, regarding your tax assessment for property in Weld County, Colorado, described as: GR 5485 L6 & S45' OF N90' L5 BLK98%721 13TH ST% The public hearing 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. Procedure for hearings before the Weld County Board of Equalization will be as follows: Assessor: 1) The Assessor shall present his case first. He shall present evidence concerning the manner in which the property was assessed, bath orally and in written form. (15 minutes) Taxpayer: 1) The taxpayer will present his case second. 2) Taxpayer may present all evidence, orally and/or in written form as exhibits. 3) Evidence presented will be limited to actual or assessed values of like properties or sales of like properties from January 1, 1987 through June 30, 1988. Testimony concerning tax amounts and their usage by law are not applicable at this hearing. (15 minutes) Page 2 RE: BOE - R3245486 Decision of County Board of Equalization: 1) By law, the valuation of property for taxation as determined by the Assessor is presumed to be right. The taxpayer is therefore required to present sufficient evidence to prove his case. 2) The decision of the County Board of Equalization shall be based only on the testimony produced and exhibits introduced at the hearing. 3) The decision of the County Board of Equalization shall include a statement of findings and conclusions upon all the material issues of fact and law presented and shall either affirm the Assessor's assessment or shall amend it as stated. If you are unable to attend at the time scheduled above, please contact this office immediately. Our phone number is (303) 356-4000, ext. 4225. Sincerely, Donald D. Warden Weld County Clerk to the Board By: V/ , ( plc Deputy Clerk to the Board 556 982 520 0 rst<�v(y,FOR CERTIFIED MAIL ED I.pQt Cite:S' °1«,Reverse) w L. FaSV 'kD < tttt p 'iyr o si. ,r �d" A 0 'es r 9 A P.O..S O w6, v\ 6 (c.,`ui G Postage O N.«, Ay "p _0. N IkP Certified Fee �`r' �� e . \j !' Special Delivery Fee r N A Restricted Delivery Fee %C a. ak Return Receipt showing to whom and Date Delivered uk ea Reurn Receipt showing to whom. Date. and Atldress of Delivery co c TOTAL Postage and Fees S n O Postmark or Date m to N 74.4rn LL cn a _ B o Pti • SENDER: Complete items 1 and 2 when additional services are desired, and complete items 3 and 4. Put your address in the"RETURN TO" Space on the reverse side. Failure to do this will prevent this card from being returned to you.The return receipt fee will provide you the name of the person delivered to and the date of delivery. For additional fees the following services are available. Consult postmaster for fees and check boxles)for additional service(s) requested. 1. ❑ Show to Whom'delivered, date, and addressee's address. 2. ❑ Restricted Delivery - " (Extra charge) (Extra charge) 3. Article Addressed to: 14. Article Number_� DAVISON JACKIE J-1/2 INT 6 • /� LEMIS JERALD P TRUSTEE-1/2 INT vpe of Service: GREELEY TRAUELODGE � etete ill Insured IQ certified ❑ COD 721 14 ST I Express Mail ❑ Return Receippt for Merchantlise GREELEY 1 CO 806J1 ® dways obtain signature of addressee - - # or agent and DATE DELIVERED. 5. Signature — Addressee 8. Addressee's Address (ONLY if X N requested and fee paid) 6. Si nature —Agent 1,1 neI X �1 Oyu • 7. ate of Delivery PS Form 3811, Apr. 1989 ♦U.S.G.P.G.1989-238-815 DOMESTIC RETURN RECEIPT 1) 151 `t0 ,, EXHIBIT • • t Z 7 thi C, t 117,,/ 7- :-5Z t«d' o 11 s • 666 crY µµ r`Cr% -I l l L, 111 9 t Lt. -1,cto t- .e !3l e ! L-1- w' 1l 11-0..711 :I 1.e." C�ry� r , Str -�[ tilt-In/ 1,, tzkil t l,J e, ank,ul � C c' _;1ic `p ) 0L) c y i 7 cc,� O '71 c (sum t c 1 1.c\t"c•nr c -t\t-- i1 ) 17 as -11,t M t-I• ° P i )) clf 1'vv -�'Y1c0 'Me (4. 0---7 `r110)-E ltei,n `> rip o7O 1 c`111('y'L Ck' .A:1-N; 11i'(1 .O- C44G--) (1 66 i_ - (2) 1,,l b r - 0 11.5 L cud )cAc_cYI I- k _Litt. arc- 1:.'n -9 _ 7 13 13 1 Y-1 s I- )-6 c(-) 9 a ti S c, I c \i:lw 9Y1 o '0 c. —HicYr1 t1- yta,'/S . J lY c 7 I'1civc. ifi1 - 1 c c „I a.1)1 r -to - s t 1 I :c.1- I!) •f: (c_at,ti C.. cI cirtE .zla 20..1 ,--r Nccrki, i —11oOci • -/ J 11 c 'i -u4 ( A Cn-1t Se F. C GYtcic i A clF-) Sn1eo 1.2.2- — S {� /Ay'e . 1-al c-Yornr Q0 -t1)t ,m7fc1 0t)S (. .�)� Ls litC, J II e. -tu, c.it U C R-R, Li:: U,c1,--I .S v ( Y I Litt c r-/ TIC 0 'i S I'-0 c v_ -co-2 r tf yea-rs ` Mils clod `x'19 1—•Ccd01 to ti,o 'icJ,tictt1 'o •ry (iv} -th,L." k0I)0FIT " �" ` ) A Y1 , co) }-� , it co k i 5 � �2_� 0 -n'1 l 1 1 v I C L. -1rn ,It) t,k` >> .�"O L.' -YL , 0-71 1 y :F, V C lb o C R S I /_ 011...1LI - �ic� _A(r) C`,' fw; C ell Attie' W17�(- �l /9 si jj 11 IS/ l Le )) 0 1— V � h CC � Lt �6 P' cvr.1 C15 5 -U,t --ic2 90))11 __,crack)- C -Lo C01i) C f t (A,Cfi -tit E 5Uitil OA:71c--Ij. pi , -ti :2-c, ) (7`hies- j \`i,) J116 '? J? 3.c r17 52.- eciLCj1e.4 roc, 2re 52 c�Cl:C,7 "-n-ti 1 11 -fui1Et 'ria n Cej c( ) E7) Ie.7 �S 'uC - CU') I( cAl< ,')-%-bi -)2 t 0 .k- lb Y9 b ) t 1-1 7 0 7) C - 1 i tc1/41v CLVY C o�71 A i W0 n )�" L atV t(' 71)_�I �tit I h i'7\0 S T S t e ' •ci 5Ck C: CI 9 7) (i7e c."(cC Y (C\.i7715. -A-{V C"n N t C UnAc, .A r1 Cr c c.-1 in 0 ii �➢ �� Ce1 I o'7 �'� C o..S-1-s. (-1 ) 1,‘,/ L 1 1 0-9 t 6-1) 9,7C gill E 711 ,'"I C t Id' o b 1 t rn S J 6 t I i ev e _a_c. (a1 c f i .2 )"S' voCci ch,t , -r1, ,%, --tic .5-)0t--) )--7 j 110.., k tf— VoAS-y c ) S hli cut,' X11) i �j t, f -Yr1 01-C .11)ci,r✓ 1 Z70 COO ( l IR r 01)C )1-7 .-� b kA,11-- D iv ik(- Lem cI Lli \I L)) �. i'l) Cc 1tk� molt•-ii ::A)i v f - 11 r ,,k_i • Cel c c l t i 1 li rt 9 . i Skakenne -r,1 Orr 'Lin con] e i p 1936 6 198'6 198'7 19519< 1311____ Jokat Docrynie, 0154,417 VA # 129711 # 12662O #itt9pO Ofehntam rxre es _106,071 _ 1155702 11600ic 1oFf2 ► 9' Nest 0 hnl;' N � in l' len cowl e 't` it6 13917 10612 c651 1 i I N y I ^ *********Y*****'************************Y****Y******************************** I-* W Z* NOM O Qmm M r n Nn M ONO QQ^ ^ M^Q m m^Vm M m m r 0 mm m0 mm N* tSt UN m* mjM S ^nW m • • - - . . • . . . • . . . . • • • • • . • m ^ ^ M 0....,, N NN^ ^ N ^ m m Q MCI CON m^ CO* l ea Q ^ M V M N N* HaW* ^ N IW> * * W> * If * ON-O M MN-0 m n -0-000n00NO N ^mm O Nn- n MrnnOMO^ Q M Q vm N0 ^m M* aI-I- * OMN n ONN r m ^O^m n N ONO M Mr^ N NmmM M 0 O N r Vm Nw, W0 m* t O<z* mwm* creemWVN M mrQ n n ^ mm m n0 m MMm m VOV m MVNN m O M n 0 VV ^M Nn mw 1OJO* mQN M .--MN. N N m Qm m m^ Q MMO m mm0 r V VM O m N M m mr MN mM M* 10 0* NmV M. mnN m M W N^ V NM M NNm N Orm m Q QN r n O m Q Vb ,MN t0^ M* I a* MM . Ni VO N N N ^ r V N m rm^ M M N ^ m CO m NN mm MN r* lo * ^. - n' ^ N O ^ ^ V M' Q MMw Z * * OW * I I * fn * Ict * * lw I > H* * I Z* NON O MrQ m ^ n ^r Nrr ON V M m N Qm^ N M Mm ,- MV M Min rm mm M* ICJ w* . . . . . . . . . . . . . • . . . • .* in. V* NN O ONm n N m ems' ^ ^ m M Q MM^ O N >' M 0 M N mN N^ ^* MM M MV ^ m ^ ^ WV MM M* * ^ I VWa* VW> * __ p pptpfVp _ p * Imo * OWNO M M000 O N mSR0000NOmN m mOm m N0e ^ NSMNSNmM n m 'M Or MM mm Or« W CHIC* IM=Z* mm8 n Onm r O O V00 ^M n NNW Door ^ mMMr m mm ^ m ^ Ne n0 re m* tne0* MO ^ NMV w M V Mr Sturm NM ^ N m O ^mN M Mmmm MN M V O VM Nm VO V* > O* -MM Q Vm^ N m O NO m00 MN M ^ N V QOr N m MQ r n M M MN QM-. n0 mM m* a* OM V N^ r m m ^N ^N ^ m 0 .- 0 m0- 0 M ^ ^ m m O wee mm ON m* * M M ^^ N ^ ^ N ^ 0 r 1 I N M Q* * * * * * * * * * * * W * O * N 4 N J f * 2 * H a Z O Cr-- * W w .. z \ • * a * w w w .. O a a * x * w 2 a z w a M 0 W * Z W Oa N U W * m v J W (J fU w M W W Z W 0 O * 2\ a m O.I ... J J 3 a 0 M * O<z N W K O K m a a 0 Z O W O Z* 0aM r* f w d Z a l U'a' v1 > a W U a' Z O* ❑U\ Z* O e z z a ZW O wow N Z Z W a ..* O m Z* V -�"�"�^ I/1"^-^ W N Z N 00e> 0 = 200w0 V W U W Z H c* JO 0* Z ^NMV 1-c-NMV VI W WC7 W O W W WZNO Z W W Z 2N(�V12 �+ 1- Z H aw lIZ * .* 1 1 1 1 V11 I O f `L 000 0 > nee< a C a Gwc,-‹00J a m I'^ �"" N '-'* >a(7 co* mmmm Ommmm U o 0❑ a U a JWW aVl1- 2073'-IZwKa f o l� w V* ¢ 2 MW a -...mow V U oz0x N 3✓IaZW , 0.4aa U' a w , wa .WV^a a' O ¢ w* KWe O J Z taw e WI-OIL a I-WW Z e = I-3WWeeV0 0 w M 0 1-Z W M* I-0❑ > 0 J N a e .. WW 0 0eZ2 M Oa'>= e O 0 0 .Z >ZZ>aN Z a W ZO a O* ZZ rW 0 a 0 e WILD =-1=-1WO-1Wd a ZW❑1- 0 Z a *0eW.*¢W a ✓1 X We Z W* >WW NU Z2 O h O Z 0 2> ** O OamWa N a>a0 " a> 3 J aZI-maWMWE Z U' a MI- " 0* W> M WO W Z W W Z 0..1-a W Wa JZ O f- I- M<U 20 U M O Z I- a JWV1 N* 20 WZ W W wZ 2 .* CHZa <OZOI-WO 2 0<00 0 H" ❑ • 0❑ I-Zce .4 " W W.4 W W* WWM a* WZ Za O 2 Za H I" waWO 01-4021-I-1 Z WZ W =U Z " 000201-Z< a I- I- >U W'U =I- m* W 1- * I-,-. OJ Z I- OJ M a WE mJ W N 2 .*Yaa > 01-1 a a ZWOa ZUWZM a U a rZ OW ON 0* MIL= J* a 2J W M =J a C VIewwn HwJW2w0 0 0=0 ❑ .*¢ W <I-IM n<2W W 0 M Ka wm wW a* 000 \w 1-00a.Wa' > <0mwm a w Zo0wwnOwoa0Wm a nOmn a Jh M 2 m'a00=aeM a 0 w WM wa WM W* 2 H 022w0W W a'2WOW w a Oe<n>O Ue.*naW r3Ja V W a'a I wneeZW W a a0 Owe mw m* e aOJM= M WOJN2 0 O nZZJQWOMa=w02 J Me-JO J <Me J enZXeZrn0 n O OM CZ H * ZN A OWee ❑OWee eeVWaaa.*aOWMe a WWI-*0 a HJaa a aa0a000Ve a a W W WZ W* We *0Me20 J Me20 J M 022=e002000aO a >Z0J a <WU'3 a MOZe0002O H J N an MOM 2.4 2* 2 *W a 0 a M 00 0 O W O W O a 0 OZ O 0* W *U H 0 " O Oa " a I- 2 N W H O S Za Z Z* a *0 OF J OF 0 O I- U' .. .. ..* 0 * w V * * * Z* ^m O m0 ^ m n mm N OQ O N m ^ NNV M MVMONOMV m mm OM N* W* . . . . . . . ^ .* U* N O M m ^M ^^ m m r tun r N N ^ CD O M ^M m^ m* K m m N n O .- .- M N N - ^* Y VW* ^ M Y 2 waxa* pp pppp Om p p p Op p� p p O p * I r w S OS n 0000 0 O m -mwL_000w0 o MOO m -cn m 000n0mOw O n M Om m0 mo Q* I NH* . . . I aZ* MM M Mm N m M 0.0 O 00 ^ r r mem m m ^n m M m N M M MO N n* Z J0* M^ V VM m m M M0 N M N N S M nom M O Qm m r M n m r S m m N* I O* MM m m^ r CO 0 ^V ^^ m m ^ r mm CO M N ^ M M V ^ MV m^ n* O a* O 0 ^^ N n ^ ^ ^ M N N ^ ^A I * ^ ^ I * Y f * * * Y * * I * r I * Y VI Z* WV- O MM n m M V ^N m m n M MMN O M^ m m M m r M Vr mN VA Q I W* • • • >- O I U* m^ O an. r N M M N ^ W Q in m r N ^ V M m nN QQ 0* .. Mm* m O ^ ^ m ^ M Q Q a Qm O I aW* ^ m * ^ I wa* p * Q N * SNSS OMSS M m NSSmSSSNSMN 72 ^SS ^ 2Sm r m8mmNSSSM M 2 N S^ S8 Om ^* H r* • m SZ* MN Ifl n MV n m M M m Nom m m O M Q m ^m m n ^ n N m m mm m* m e=* r0 r MQ r m v m m 'JINN 000 _ V M m Q^ N r M m 0 m OS O^ m* \ 0* MN M MN N M Q V N ^ V m - r O O N N m m ^ mQ Nm mM* N fw ON a4 Q Q e^ N ^ ^ N ^ ^ Q n m m M* 4 \ * ^ ^ ^ 4 NO * 4 N^ * N. UZ * l '� 4 * I .� ` 4 CO ****w************•f*-wn**j**- •* Li C, "S / ,: • i SOLOMON, BERHSON& BAERSON, LTD. GREELEY INN, INC. STATEMENT OF INCCME FOR THE YEAR ENDED DECEMBER 31, 1987 Percent to Amount Net Sales Income: Roan lnoune $125,434 96.70% Telephone income 4,252 3.28 Miscellaneous insane 33 .02 Total Income 129,719 100.00 Operating Expenses: 115,802 89.27 Net Operating Income 13,917 89.27 13,917 10.73 Other Insane and (Expense) : Miscellaneous incase 4,969 3.83 Interest expense (33,578) (25.88) Total Other (Expenses) (28,609) (22.05) Net (Loss) $(14,692) (11.32)$ See accountants' compilation report. 3 GREELEY INN, INC. STATEMENT OF INCOME FOR THE TWELVE MONTHS ENDED DECEMBER 31 ,1988 YEAR TO DATE AMOUNT PERCENT TO INCOME INCOME: ROOM INCOME $ 121,434 95.90 % RETURNS AND ALLOWANCES (269) (0.21) TELEPHONE INCOME 5,455 4.31 TOTAL INCOME 126,620 100.00 OPERATING EXPENSES 116,008 91 .62 OPERATING INCOME 10,612 8.38 OTHER INCOME (EXPENSE) : INTEREST INCOME 316 0.25 MISCELLANEOUS INCOME 292 0.23 INTEREST EXPENSE (33,186) (26.21 ) TOTAL OTHER (EXPENSES) (32,578) (25.73) NET INCOME (LOSS) $ (21 ,966) (17.35)% SEE ACCOUNTANTS" COMPILATION REPORT. • • GREELEY INN, INC. STATEMENT OF INCOME PER ROOM FOR THE TWELVE MONTHS ENDED DECEMBER 31 ,1989 YEAR TO DATE INCOME: AMOUNT PER ROOM ROOM INCOME $ 109,298 $ 29.20 TELEPHONE INCOME 5,602 $ 1 .50 TOTAL INCOME 114,900 30.70 OPERATING EXPENSES 108,219 28.92 NET OPERATING INCOME 6,681 1.78 OTHER INCOME AND (EXPENSE) : INTEREST INCOME 375 0.10 MISCELLANEOUS INCOME 324 0.09 INTEREST EXPENSE (24 ,038) (6.43) TOTAL OTHER EXPENSES (23,339) (6.23) NET INCOME(LOSS) $ (16 ,658) $ (4.45) TOTAL ROOMS OCCUPIED-YEAR TO DATE 3 ,743 SEE ACCOUNTANTS' COMPILATION REPORT. ' "4,1 a V A, .i t'at% 3 � y v- a i r , ns h; . j. - ,a - �. _ , ,i "Y.:1.04)1, :1� '" - 1' ` 3 sR 3 1 9' 'wi ,t.M1t s f r t `13S i s " I �" 4 it�S �" •N ••• ' F`ri ieee i *tit . ' �. i. .. i ! ,:,k: r \ �"'�X 4 \ i .. ^ 1! d la - . 1 .ry aim.. 2,1 . 44'7—e-___ 4 .. 3 J :N t 1 t �I'�� Y r M F ilia[,, «i4Y V� # �. 1.1 Sxa 1 € r 1' . ,a as " 1 r x et, �:.:L _r_..:. x . r L t \\ ry N ri F ' t 4. A .1'; R Z { � ' i '' 6A' �� Ap X91 k sW'w' 't1 % ' .nee fie., '' R 1' boo - s" A r y x �f 9y ,N cu rtN 3 � 0., 3 e L '�df'i iP: • . ..-7_ +� t, 1 . ,. L + � r-i l �. i R f,1 , a .;s , 1 W CO 7r '. : x w 1 ' w � 'I ICI '1 A • � � L C i C7 I� �� E t �. I 1� W • ?p 4 x .1 > . 4 $ t f 4� fr A A ry L 4J It VI IA. x A• .TJ a mu. ` 4 it -D i 3 gfrAV. , r‘ 'i >x j � � t SM s: 3 s t -'1.-'1. 3 . i 1 1 4 i I 1» ,. y. t I1.. d ,3Y�.��n.l'f wK,i 4.:4VYY: ,.E t.. 1A '. . .1 ".^�F 4 NWMLLN t . 1 .1%.(9-4:37&;.“...1:-.).%C: ld+-.! ,1Rh < Ix. .,� , -•Yj 1.1_ . I- 1F /// 1 �. -_� _ , �� 1 .�� . i 7 t r 8 ll h � 1 ,N 4.... _1� 1 :, • 0 ''-:,..,� .• $,Si ,.�,. , I I I�� IL„7 a 1 '�' -1Y ' -i,n: - 1 V rr` a9 ;i �� 1 • - •s a. .� �tt N 1 -1- a, � \ r t a:1-1-_-_14 �, 7 F. nn� l , 1 c) ;:„. t 0'(1 , d1� -s �1�A- �1 - q . 'S. � < y i r Lam, .r 1 ' (a'j,' L1n :Ika' 19 ' + 1,1 '} +�,h�aw r> F , ° t —, v! �I (11 . , •at o w , ',� tl U?yti, I t " ` ri,,ce., :I� '� e}' "` _€ • r d ' C.) I. ( :.t-'4 17:a4 7 F'Y'I f' s yl � i x4 ,.P- „-11. ' y rtCt7anw'W"t4:a#1b4�° '1'�$. `-.1. '� 3QK�-. _e—Ntkra''lr4,, tc.:Vte' ,al.fr re"'-'•'•!.. ,• _. Y:t��'at1/4:4 444544.E �. a' 4S,244,Jk Y�'hN0,#,_ a ,4»a.,-„_ _ Ii,a6..w ice rkia'K''a� 4tWr lY4322, ` �f�. a . • � wV'�21 . � JT _ < ' 4 ,';;n•-z 1�e`1 1+ ;i !�{ ^Y.._--,3„T 1 ie n J fl k tEt -t IY y . Y:<,6".:4'G 1 R fr �(a iv. ♦ Xv',"3/4 tin i t ` t � v�.x I. - y ••••-i ) il s �.1i. , + 0.•: ftr /r�y A-1 �. It f, i 7fi3J�� : (,� „%,-1"4 6,1 R ,r,. .; V , _, 1 a. .1 >6 ti .'sx:� m- .,a 4aE' y� � \ s �4it � •P...17., � r-; � f��. 111 � , '. ,gyp 1ea ,',, + 01,'„j „ .. 11 i ... • Il Y �� +. i t :e....,..4::“. .. 1 I „ . 1 1 ' a tY , 6 ' x i, +6 1 i y 1y4 Y .lf^�L j 1' K ,. .�.r.v . �. ..:4 ft" t ,cP9t.1�++S♦1�'p►.s - ,! 1 , ,.r _ y ' fyyy� t."7„,.. rR I. y` lr ^tNf��"v4.' � S { # � f M Ip,'„ 1' hi Id6.+7'iT''4S'•� _ ; I .. 1 r far + s�, t((y;��11 r _ mr, j7{ i �,t,. a s`'If• -4r4'� �1i , {a. Fgig "1 ( ttyw4' N' Jh ��q.1fL i ,, nil Sr d3'4 ljI �� L Iy:,; 9.t 11, • X04?7 , try-�ti44,lag 7:. ,,-T;t�4. '„iff v.' SY'.tcd A r a 1 tY,' '*. , CORRELATION AND FINAL VALUE ESTIMATE COST APPROACH 375 , 030 MARKET APPROACH 329 , 500 INCOME APPROACH 361 , 700 I recommend the Market Approach based on the sales listed . The Cost Approach is weak because of the large depreciation given . The Income Approach would be better if the owner expense had been with - in Industry Standards . I recommend no change on this property . lAl ,•.. CO r• ---.—......---. - --APPR A 990 COMMERIAL COST SUMMARY �PIvv• ,:�<�•�:..��t.6 BUILDING i�l.�4j�a.t{::R 00 i PROPERTY E ;.71.7777.77-77.7 - t —_..— STYLE ,..i,.>AGE USAGE.. .... ..BASE CPSF --rum:HEATING/COOLING 1 f + :- CURRENT q q HEA 1 ING fk.:Ol..�L�.,.�i. 1 e.i, t.'. f f'i.. ,....� ... � 4.. { .......,1.. 4 ELEVATOR .00:.: ,.;.,,.•. ��.,...:•.�... a.,.-- �._—..�-.— ...`�._.— _ -..._., II._ 1 ,0000 •::.1 ADJ BASE CPSF 36,52 X11 AREA MULT 1 , 0000 ECON[ ,...t .FLOOR [ f�i:.t-�::. (.:-.;�s" } J � - FUNC E ' ,. : tt,)0 2Q FT COST 543, 102,64 LANDSCAPING F•;;..'t;..•i-.I. ..",�,.;t COST* .00 !!•• .00 • c., f 1 II t 31" ur �� "tip" kai r r .. t as 6 K , • N L a W 1 c:C � , � O t--.1t--.1a' Sr'. M �" 2 M f J 1 �T y •ar i I Pr 5" > i g P-7 l' ',s',.11 3 1 , � c '� d y •.`fir' r r� ` i ,Y 4. iy*;f fj � x V1 1 :. T y,': I �4/ � E ( I 1 ] F ' a) Tit• y � ^an 1 c _, ' t O • F i `� * �{-2- N ce t .,, Dv. . a't v' 4 t'li f• + 7 v yp al " �a,c.'7 y .-. W tir \ > 1. x '. ,11 O CO �_ , WS.,-;11. _may. '1OO lJ r 1415 • .4 '. A. - _ II I i r y wp ( a (gym', s. y'. R m � ± wd 2 e 9 \ } ( \ / / « w 2 f & . ~ ° 3 © 2 § / « o O g [ / 7 \ ! 2 C y . y to- 0 \ ' � in \ _ \ us us I to�\ id / § —-- . » *NS t •it i !Pt:: f f \ �k ) § kt ; \ 7" \ { ( k / G\ & a co co ® {\ / \ \ $ 3 o o i j z a $ f e : i • § m n e r n o z - \ $ \ [ / @_ • z Cr I % / q i ± t . + co Cr s / \ co Eocc cu = / \ 08 = _ ew oe nt / co \\ / j , / \ ra \ \ G ; a I — ai [ / / \ ❑ ❑ / g 7 , / —.• g - H 2 Q I / 9 k , \ f / k ) \ \ I � ± u © / / 7 _ . \ a 3 \ Q tu / \ CO ,, i \ $ \ cr 3 -3 ti , - & \ _ \\ al\ d S § "I ri 00 6 a It C § Ex « e e < � g Y2 c.9 4 a 0 R 60 C0 ac_9 Recorded at o'clock. M., " Reception No.. Recorder. THIS DEED OF TRUST,Made this 7th day of July 19 86 ,between BALDEOBHAI S. PATEL and MEENA B. PATEL the grantor herein whose address is c/o Greeley TraveLodge, 721-13th Street, Greeley, Colorado County of and State of Colorado, and the PUBLIC TRUSTEE of the County or City and County in which the property described below is situated,in the State of Colorado, Witnesseth:The Grantor to secure ONE promissory notets1 bearing even date herewith,for the total principal sumo( ONE HUNDRED FIFTY-THOUSAND.and NO/100 dollars, payable to the order of TRAVELODGE INTERNATIONAL, INC. , a California corporation the beneficiary herein whose address is 1973 Friendship Drive, El Cajon, CA 92020 ,after the date thereof, with interest thereon from the date thereof at the rate of TEN percent per annum,principal and interest payable in monthly installments of $1,611.91 or more per month, beginning on the 2nd day of August, 1986, and continuing monthly thereafter until July 2, 1996, at which time the entire unpaid principal and interest accrued thereon shall be due and payable. does hereby grant and convey unto said Publie Trustee the following described property,situate in the County of WELD ,State of Colorado,to wit: AN UNDIVIDED ONE-HALF (50%) INTEREST IN A LEASEHOLD ESTATE created by that certain lease dated August 21, 1963, executed by Wayne W. Davison and Mildred M. Davison and Ruth C. Doe as Lessor, and The TraveLodge Corporation, as Lessee recorded. - September 19, 1963 in Book 490 as Document No. 1417423, Official Records of Weld County, Colorado, which leasehold estate covers All of Lot 6 and the South 45 feet of the North 90 feet of Lot 5, Block 98, CITY OF GREELEY, Weld County, Colorado. This Deed of Trust is given as a part of the purchase price of the real property and is given as a first lien Trust Deed on the Property herein described, which was transferred to Trustor by Assignment of Lease recording concurrently here- with. also known as street and number 721- 13th Street, Greeley, Colorado 80630 TO HAVE AND Tf111U1.I1 the name together with all appurtenances.In trust nevertheless,that in ease of delimit in the payment of nnid note or any port thereof or lulm est the,eon.or in the petinrmnnce of any covenants hereinafter set forth,then upon the beneficiary(note holder'filing notice of elvelinn end demand for sale.sold Public Trustee,after ad vertisingnotice of said agile weekly,for not lean than lour weeks,in some newspaper of general circulation In said county,shall sell sail Ivor*s ly in the manner provided by law in effect at the t one of filing said notice soil Aemnnd.nt publie auction forcosh.at any proper'duce designoted in Inn•not we of side.Out of the proceeds of said sale said Trustee shell stain or pay'list nil fees,clue reel and costa land all moneya ndvaneed for Inane.insurance ,lad assessments.or n r prior encumbrance, re with interest thereon,and pay the principal and intest due un said note,rendering the nverpion(if non 111110 t he¢rnntnel d after the expiration of the lime of redemption,so'Truelee shall execute and deliver to the purchaser u dead to the property sold.The beneficiary may purchase Meld property or any part thereof at such sale. The grantor covenants that at the time of deliver' of thee, presents, he Is seized of said property In fee aims . and that said property is free of encumbrances,except Current taxes. Imp flint he will keep an blinding.,insured for fire and extended coverage in amount eland to the unpaid balance of said one with lose payable to the beneficiary, uul will pity nil tuxes and assessments against Said properly and amounts due on prior encumbrances.uud,I'II shill]fail to play inst.-ume eaeunurns,Inner or 11 (,,inns dile on priuf encumbrnitre,the beneficiary may pay the same and all'immune no paid Spiel]become tidal(him.'indebtedness doe hereunder;and in erase of foreclosure,be will pay an ultornel's fee of .,s 1Y Should the beneficiary hereunder he made 11 party to any net ion affecting this deed of trust or the title to said property,the grantor ngreee 11110 nil court costs end a rmonoxide at tot ne>'s five paid by the beneficing'shall become additional indebtedness due hereunder;and the gr11liter doeS hereby releuse and waive all chums in.aall overly a. u homestead exempt therexemition now or hereaftet pro hied 1 lw. It is nicreetlthat in'axe ofdefault inpayment of said principal or interest or a'wench of any of the covenants herein then on al principal sum hereby secured +ndnt erect thereon may et tile option of the beneficiary become due and payable at once.anything in said note to the vont rosy'nutwdhstendog and oil said prni*fty will thefeapml be delivered to the beneficiary,and on lmlue to deliver Snell pal. ssion the beneficing shall be entitled to a receiver said prmavty.who may be appointed by any coot of competent llvindiet ion. one possession vllienever asap herein I he singular number obeli include the plural,the phi al the Sinmdar,and the use of any gender'boll be applicable to all gender's.All of the covenant•herein shay be binding upon the respective heirs,personal representatives.nueresaora and assigns of the parties het et o. Executed ted the day and year first above written. 11;.-Q. Cefv (ha,t f . Ann_ e, . /2) Bal.deobhai S. Patel Meena B. Patel STATE IW COLORADO, County of bt State of l1ppIQpndiana County of Grant The foregoing instrument was aclJu lgdd Aefo lvltb liis day of la ,by KATHLEEN R. FLUTWER, Notary Pablfe My Comm inainn card fes • 31y c,:,,imission expiry,' fi Libor 29, 1984 ,la Minces my hand and officialse 1. Cottrty cv�1—�Itesssidenees: CC:ntrt3: Notary Public. No.923-I1 Rev.DEEDMARCS'III PC ELK;"[EL'S I EE. Snort Sou n.Itrailfai Publishing Co.,pM11.Pi Stout Street,Drover.Colorado —9-Y6 pb GENERAL LEDGER 'DO NOT USE FISCAL YEAR BALANCES i �, Insert balances as of January 1,1986 - ' Insert balances as of January 1, 198 ,-:. r Cost Depreciation I Net Book Value Cost Depreciation ' e !t_ i aCHINERY& EQUIPMENT I $ $ - III$ 111$ $ - s -≥5 1* ;,-;:-..i. = ; J / ' FILE FURN.& EQUIPMENT- _ _ �! 4 ":f° MP. &WORD PROC.EQUIP. i , ,• . 3 NS ..I :, t�+ �• :ASEHOLD IMPROVEMENTS `J It-• " j• - r -- c . .__. - --. 'HER FIXED ASSETS(Except land) . 40/ 617 /6c6S • � 3.4.562.2. • - II-Jeu • ijyis.> -�i' , CENSED EQUIPMENT -- . ___ - - -- l ._ .. _ .. i - I DEPRECIATION SCHEDULE (Furnish Information or Attach most current Copy of Federal Depreciation Schedule) a. Group and guideline class b. Date e. Cost or d. Depreciation e. Method of f. Life or g. Depreciation for t or description of property acquired other basis allowea or allowable computing rate this year I in prior years depreciation 5'lGls 11 8G 13513 0-- AC 45 5 Oh,) .Sze Pit:II-b. 1.;4 oi la 6 362,981 — 4-02S . I, cr9 o J Fu RKiiir„ac" ;4- &6?tt rP -113� 3Qaa;� --� - - Aries - 5 (144 62.415 heed-. . r Total depreciation $ /E•}�S :i Cost of other fully depreciated assets still in use. $ �� •i tt' J . LEASED, LOANED,OR RENTED PROPERTY (Furniture, Signs,Etc.) (Declare Property Owned By Others Here.) 1 id you have in your possession on January 1st any leased, loaned,rented machinery,equipment,or furniture,fixtures,signs,vending achines,etc.? ❑ YES NO If yes,list below showing description of this property and name and address of owners. , Name and Address of Owner/Lessor Description Model/Serial No. Year Current Cost or year Installed Total Yearly Rent Mfg. GSA List Price . . __ _ ._ .. r r , .. ≥ase furnish details of purchase or maintenance options. • DECLARATION - - THIS RETURN IS SUBJECT TO AUDIT - - - I "1 declare, under penalty of perjury in the second degree,that this schedule,together with any accompanying exhibits or statements,has been .examined by me and to the best of my knowledge,information,and belief,sets forth a full and complete list of all taxable personal property owned by me or in my possession, or under my control, located in this county in Colorado on the assessment date of this year;that such property has been -- reasonably described and its value fairly represented;and that no attempt has been made to mislead the assessor as to its age,quality,quantity or value." CRS 39-5-107 12) -41 GNATURE OF OWNER OR AGENT /69 ��._.t.�C-W. n, - / 0 >ME OF OWNER e� I5t� SA / •_? 0ee.r✓.4 �/A�Z DATE ?��'/�- t1 TINT NAME OF PERSON SIGNING 4e,?��lPl/t/ Pi4/73-1-- PHONE NUMBER 3la• QS?'6 2z// PLEASE COMPLETE,SIGN AND RETURN TO THE ASSESSOR ON OR BEFORE APRIL 1S ` - • - { ADJUSTED INCOME STATEMENT 721 13th Street OWNER ' S INCOME 12/88 126 ,620 -OPERATING EXPENSE (60% ) 75 ,972 NET INCOME 50 ,648 50648/ . 14 = 361 , 771 Normal operating expenses should run 40% to 50%. We are allowing an additional 10% for operating expenses . �U JD GREELEY INN, INC. • STATEMENT OF INCOME FOR THE TWELVE MONTHS ENDED DECEMBER 31 ,1988 YEAR TO DATE AMOUNT PERCENT TO INCOME INCOME: ROOM INCOME $ 121,434 95.90 RETURNS AND ALLOWANCES (269) (0.21) TELEPHONE INCOME 5,455 4.31 TOTAL INCOME 126,620 100.00 OPERATING EXPENSES 116,008 91.62 OPERATING INCOME 10,612 8.38 OTHER INCOME (EXPENSE) : INTEREST INCOME 316 0.25 MISCELLANEOUS INCOME 292 0.23 INTEREST EXPENSE (33,186) (26.21 ) TOTAL OTHER (EXPENSES) (32,578) (25.73) NET INCOME (LOSS) $ (21 ,966) (17.35)% I ,V 0 rm 0 SOLOMON, BERKSON& BAERSON, Lfli GREELEY INN, INC. STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 1987 Percent to Amount Net Sales Income: Roan income $125,434 96.70$ Telephone income 4,252 3.28 Miscellaneous inuaue 33 .02 Total Incase 129,719 100.00 Operating Expenses: 115,802 89.27 Net Operating Incrne 13,917 89.27 13,917 10.73 Other Incase and (Expense) : Miscellaneous income 4,969 3.83 Interest expense (33,578) (25.88) Total Other (Expenses) (28,609) (22.05) Net (Loss) $(14,692) (11.32)% AU See accountants' canpilation report. 3 air . ' • • ,: �, . • • `► 9 m V t.s- i-) ,I W �� 7■ 111 N • r I O0�• N •000• 00• )-- L W M 'J N - W ti n K N w 11 cn i �s cc L. • a, 04o p W CO 9 S M 41 a' .. i � m 1 r �J 711'esyqiitio / r .y al y` J C N �{ Q o ar O4 t J F— + C z z v z >- C.) ,—i F..Q CV W 6—I . T L Q 4-1 O co H J C7) O_ O ti 1.0 4 '1 14 "` Hello