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I5-DPT FORM PRESCRIBED BY THE PROPERTY TAX ADMINISTRATOR
FORM 920 1/66-6/90 PET- '1N FOR ABATEMENT OR REFUND OF TAXES-c. ECKEL CO. DENVER 36312
Petitioners: Use this side only. C
Greeley _- Fro!Nada,: "• " December 13 19 91
City or Town
To The Honorable Board of County Commisilb-jns of Weld County
1.i i i±_ ..
Gentlemen:
The petition of Rutt, Edward J and Norma
whose mailing address is- 2021 1st Ave
Greeley CO 80631
City or Town State Zip Code
SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX ROLL
3461686 GR IP5-4 L4BLK5 GREELEY IND PK
(0961-17-1-01-007) (2121 1st Ave)
respectfully requests that the taxes assessed against the above property for the years A. D.
19. 59..., 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 showing it's value in the '87/'88 market window.
Summation: Subject was purchased in 8709 (the primary market window) along with
an adjacent vacant lot for $150,000 total. Subtracting the county's land value
of $42,932 for the adjacent lot (096117101006) , subject's purchase price was
$107,068. Subject's value for the 91/92 assessment period was established at
$112,182 based on the property's income after it was rented and its purchase
price. Petitioner requests the 89/90 valuation be adjusted to the $112,182.
19$.9... 19 90
Value Tax Value Tax
Orig. 38,790 3,375.47 38,790 3,436.72
Abate. 6,260 544.74 6,260 554.63
Bal. 32,530 2,830.73 32,530 2,882.09
The taxes (have) (Ms:etaatt) been paid. Wherefore your petitioner prays that the taxes may
be alas car refunded in the sum of $..1.,.099..3.7
I 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.
WELD COUNTY ASSESSOR Rocky Mtn Supply/Edward Rutt
a V
Petitioner
L
DEC 3 1 1991
By
GREELEY,COLO. iDgent
Christopher D. Ruff
R&N Property Consultants
413 Main St * PO Box 99
Address Windsor, CO 50550
(303) 686-7447
UtO-C-1-- 920242
4t AY, la.ll l T [cnll. l./ 11-6-0,7
RESOLUTION OF COUNTY COMMISSIONERS
WHEREAS, The County Commissioners of Weld County,
State of Colorado, at a duly and lawfully called regular meeting held on the 11th day
of March , A.D. 19 92 , at which meeting there were present the following
members: Chairman George Kennedy, and Commissioners Constance L. Harbert,
C W....JCirby.,...Qpxdon E. Lacy, and W. H. Webster
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 represented by Mike Sampson and taxpayer
represented by Chtia Ruff, R & N, being present; and (name)
(name)
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 Board... eancurs with the recommendation of
(concurs or does not concur)
the assessor and the petition be app.rpved., and an abatement/refund be allowed
(19A $6 260 dented) (1989 544.74 (be allowed or not be allowed)
on an assessed valuation of$1.1990. .$.626.0 for $(1.9.9R) 5.5.4...€3 .total tax for the ye r(s) 19 89&90-
Chairman of Board of County Commissioners.
STATE OF COLORADO, Fro tern
iss.
County of Weld
I, Donald D. Warden t7jalkal ttittKEltYdra.14(Clerk
of the Board of County Commissioners in and for the County of Weld
State of Colorado, do hereby certify that the above and foregoing order is truly copied from the
records of the proceedings of the Board of County Commissioners for said Weld
County, now in my office.
IN WITNESS WHEREOF, I have hereunto set my hand and ofxed he seal of said County,
at Gteeley,...coloradp , this 11th day o ..... . ... / Marc , A. D. 1992
aU tW Clerk.
By...(. ...-4..21--4774.� Dept;.... ...
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; ❑ approved in part $ O denied for the following reason(s)
ATTEST:
Secretary. Property Tax Administrator.
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CLERK TO THE BOARD
r ,
1/1\1
P.O. BOX 758
wilyGREELEY, 80632
(303)3361000 EXT.1228
e
COLORADO
February 28, 1992
Edward J. and Norma Rutt
2021 1st Avenue
Greeley, Colorado 80631
RE: SCHEDULE NUMBER 3461686 (0961-17-1-01-007)
Dear Mr. & Mrs. Rutt:
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 IP5-4
L4BLK5 GREELEY IND PK (2121 1st Ave) . This meeting is scheduled for Monday,
March 9, 1992 at 9:00 a.m. , at which time you may be heard. The Assessor is
recommending that the Board APPROVE 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
By: c-Lc \i. H,_ , ,,--,-
Deputy Clerk� ,
to the Board
XC: Assessor - W. Lasell
County Attorney
R & N Property Consultants
N PROPERTY CONSULTANTS
AMENDMENT #1 TO PROPERTY TAX CONSULTANT - CLIENT AGREEMENT
Parcel # Address
Weld County
096117101017 2021 1stgAve . , Greeley
096117101007 2121 1st Ave . , Greeley
096117101006 2121 1st Ave. , Greeley
095911406010. 1803 35th Ave . , Greeley
095911406009 1803 35th Ave . , Greeley
095911406007 1803 35th Ave. , Greeley
• Client: Date: 54— Q 7 f
R&N: a4, ie 4, Cj Date : , ;//�C'/
413 MAIN STREET • P.O. BOX 99 • WINDSOR,COLORADO 80550 •(303)6867447 FAX (303)686-7492
20?42
' ( t,ltl'1.LI'.\ ,( vl L)It,\UU b0h3t \J '
NOTIEL. OF ADJUSTMENT ;' l'lu)NI' (3ILI 3sc,ru-.n, I Xi a Sb
1 GR IP5-4 L4DLK5 GREELEY IND PK%2121 1ST AVE%
COLORADO
2121 1 AV GREELEY
•
OWNER RUTT EDWARD J C NORMA J
IRIS TAX CONSULTANTS PARCEL. 096117101007
PIN R 3461486
• 413 MAIN YEAR 1991
WINDSOR CO 8055; LOG (A3815
•
05/31/1991
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 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 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 valuationls) assigned to your property. The reasons for this determination of value are:
THE ACTUAL VALUATION OF YOUR PROPERTY HAS SEEN 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
LAND 42,932 42.932
IMPS 92.490 69.2SG
1
TOTALS $ $ 135.422$ 1121182,
If you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration,
39-8-306(1)(x),C.R.S. Please see the back of this form for detailed information on filing your appeal.
WARREN L. LASELL
WELD COUNTY ASSESSOR DATE 42
i5„nP+.;"`07 a,/9r ADDITIONAL. INFORMATION ON REVERSE SIDE
PARCEL/SCHEDULE NUMBER: 0961-17-1-01-007/3461686
PROPERTY ADDRESS/CITY : 2121 1st Ave, Greeley
COUNTY Weld
OWNER/REPRESENTATIVE Rocky Mtn Supply/Edward Rutt
R&N CONTRACT NUMBER A0350-2
DATE SUBMITTED
PETITIONERS VALUE: $107,000
CASE SYNOPSIS:
Subject was purchased (both lots) in 1987 for $150,000 ($28.69/SF) . Weld
comp #103 at 1619 1 Ave (5 blocks north) sold for $21.04 in 8706. After
adjustments for subject's age (older than comp) and lot size (larger than
comp) , subject's purchase price per square foot was well within market.
A county income analysis is presented using a rent of $4.25/SF (a combo of
warehouse and office rent) . Adding the value of the extra lot (006) to
the income approach produces 158,278 (115,347 + 42,931) .
INCOME APPROACH TO VALUE : $ 0
INCOME APPROACH TO VALUE : $ 0
PRO—FORMA INCOME ANALYSIS : $ 115,347
MARKET APPROACH TO VALUE 1988 : $ 107,000
0'2;62421
PROPERTY INCOME AND EXPENSE ANALYSIS
RENTAL INCOME
Gross rents
CAM Reimburse
Vac/Credit Loss 0 0
Adjusted Gross 0 0
OPERATING EXPENSES
Advertising ERR% ERR%
Insurance ERR% ERR%
Grounds Maint ERR% ERR%
Janitorial/Clean ERR% ERR%
Management Fees ERR% ERR%
Maintenance/Repair ERR% ERR%
Property Taxes ERR% ERR%
Res/Replacements ERR% ERR%
Utilities ERR% ERR%
Trash removal ERR% ERR%
Misc Category ERR% ERR%
Misc Category ERR% ERR%
Total Expense ERR% ERR%
Cap Rate (expensing actual taxes) : 0.105 GRM:
0 -
--- INCOME VALUE : $ 0
0.105
0 —
= INCOME VALUE : $ 0
0.105
PRO-FORMA INCOME ANALYSIS
Leasable Square Footage: 5,227 SF
Avg Gross Rent Rate $ 4.25
Potential Gross Income : $ 22,215
Vacancy/Collection Loss: 10 %
Operating Expenses 25 %
Cap Rate (eff tax=.025) : 0.130
PRO—FORMA INCOME INDICATION OF VALUE: $ 115,347
0,7,-;
'
PROPERTY TAX CONSULTANT - CLIENT AGREEMENT
Client : Mr . Edward Rutt
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 (CBOE), the Arbitration Process, and/or the State Board of Assessment
Appeals (BAA), respecting the above property. This agreement is effective only for tax years 1991
and 1992) and previous rut/M.(VZ
Agreed:_ WW__ 7 - 6 'g/
(el nt) (date)
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