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Home My WebLink About940738.tiff y g CLERK TO THE BOARD P.O. BOX 758 IB GREELEY,COLORADO 80832 (303)358-4000 EXT.4225 11 I C. COLORADO July 27, 1994 Parcel No. : 096119200046 PIN No. : R 0101688 COMMONWEALTH THEATRE % R E MCELROY 3609 SMITH BARRY ARLINGTON, TX 76013 Dear Petitioner(s) : Based upon information furnished to this Board, we understand that you have withdrawn the petition challenging the valuation of the above PIN number. Therefore, the Board of Equalization took no action on your petition and the assessed value remains as that set by the Assessor. Very truly yours, B RD OF E ALIZ TION Donald D. Warden Clerk to the Board /�/ ,,,-{/�/-- BY ` I O /a-L imber].ee A. Schuett cc: Warren Lasell, Assessor KPMG Peat Marwick Kerstin Nemec, Manager 90738 P 5C0:.-7\/) PC A OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. GREELEY, COLORADO 80631 NC I Ct OF DENIAL PHONE (303) 353-3845, EXT. 3656 I GA 127B0—N IMPS bltiil) ;9 ,6614 19 5 65 YORK 1ST ANNEX (GREELEY NALL) �(LAND CARD GR B127BC MACERICH COLORADO GREELEY ASSOCIATES j i ri 9: 49 17(4 GREEEk `In 44..I7 ST GREELEY TO TIT:. n . . v .)-., .. Oar1NE1F COMMONWEALTK THEATRE XPNG PEAT MARWICK PARCEL 09EI19200044 KERSTIN NEMEC, MANAGER PIN Ri 4101688 200 CRESCENT CT X00 YEAR 1994 DALLAS IX 75201-1B85 LOG 0030.3 OE/31/1994 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 PROPERTV IS VALUED BY CON5LDERISt4 THE MARKET APPRCACH. AGRICULTURAL LAND VALUE IS DETERMINED SOLELY BY THE EARNING GB PRODUCTIVE CAPACITY OF THE LANDS CAPITALIZED AT A RATE SET BY LAi. ALL OTHER PROPERTY, INCLUDING VACANT LANDS IS VALUED BY CONSIDERING THE CCST, MARKETS 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: YOUR PROPERTY HAS BEEN UNIFORMLY VALUED FOLLOWING CCLOR.ADC LAY AND INSTRUCTIONS PUBLIShtD BY THE STATE DIVISION OF PROPERTY TAXATION. YOUR PROTEST OF VALUE HAS BEEN DENIEL OLE TO COMPARISON OF OTHER SIMILAR PROPERTIES MHIC#I SOLD DURING THE 1991/1992 TIME PERIOO. THIS COMPARISON SHCrMS YOUR ACTUAL PROPERTY VALUE TO BE CORRECT FOR THAT PERIOD. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND IMPS 219,266 219,266 TOTALS $ $ 219.266 $ 219,266 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: WARREN L. LASELL °6/03/9. 940739 >,C 1NLD 11TY ASSESSOR DATE For ,� PR-207-87/94ADDITIONAL INFORMATION ON REVERSE SIDE . "t-ciY .4irff 4 [CHZ0:5-n = 3p[aW fta8£13 `AE;.iltub,'₹.p4M d'—udv-kt st7 h .August 5 for :"iizl �x'JS4.N�.' .f.,44 fii ,+L3 '.;Jilt1�::rlivi.4;w-4� jau J=j°:ai` .('a^l' `A.W.4 A.'4 :9f`. .. ..104 and " I CJ141JJcc4 Y ...4J -6J . .. / j-L-. ''',:C. t`� JA�1 .' . JSa.u, .Fit' s' 4t 4`I Ji+J Wil ulnM..J nJ4MJ .. 4 Juu .. 11JaJ J�✓nr. .... AJln NHM tnJ'Y ,. .. -- AJ1J n rral nml JO Lk 1J 1AJJLnJ u., -. 11 -1L.L1 Al a.,.J_,'- .. .. .y. ... r. 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J - _ .. i -J ),t;J 1O,1 ,4;Mv.174n:: ,+,...L.-Or tMJriL Aut A r1(4" i-1,i C1 ti TO 566 y,ti}P,.,I(4 . {i,P+e e k4} I r:".;, 2i4_Pi t V=::::.,; M:„..1c'4,,, i _ i rla=/3. f Cr' a,,,7 211'1A„ ,,,WW};;r`,, nER ct EFgr, 'JLirr RE.,4.,o >i:.;4O ALL ..+ r'`' .. ..._.._ . //4577 /4 �`�7 (...../ SlP �t et 7&4AC YC?/V 73-Y— 7 M 7/ z... . G cr� ii F .F e.a. , 940738 214 601 0222 P. 02 SIP Peat Marwick Certified Public Accountants 200 Crescent Court Telephone 214 764 2000 Telefax 214 754 2297 Sults 300 Dallas,TX 75201-1885 July 27, 1994 Weld County Board of Equalization P.O. Box 758 Greely, CO 80632 Attn: Carol Harding RE: Parcel 096119200046, PIN It 0101688 - Commonwealth Theaters Parcel 095911124013, PIN R 2049486-Wheeler Realty Co. /United Artists Theaters Dear Sirs: A hearing has been scheduled for the above referenced accounts on Thursday, July 28, 1994. We hereby withdraw the appeal on these properties and request that the hearing be cancelled and removed from the docket, We apologize for any inconvenience this may have caused. Thank you for your assistance with this matter. Ver truly yours, 0 s0 Dan Hanegan Ilan member%Doi Klyn W ld Peet Muwlek Goyatler JUL 27 ' 94 10: 39 214 681 0222 PAGE . 002 94107391 INCOME PROFORMA Greeley Mall Twin 1704 Greeley Mall Ticket Sales 167,684 Film Expense 80,338 Net Box Office 87,346 Confection Sales 66,180 Cost of Goods Sold 11,520 Other Confection costs 84 Net Confection 354,576 Miscellaneous Revenue 1,117 Total Revenue 143,039 Operating Expenses Salaries 48,052 Misc Employee Costs 6,573 Fringe Benefits 2,074 Total Personnel Costs 56,699 Advertising 6,985 Repairs&Maintenance 2,777 Supplies 3,610 Utilities 13,792 Misc Expense 3,691 Misc Operating Expense 7,819 Facility Rent 36,005 Total Operating Expense 131,378 Net Operating Income 11,661 NOI cap.rate VALUE ................................................... ................................................... $11,661 I 10.50% $111,051 940739 0 0 r h° O. 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C 0000 000 - ).- -I 2 J W a' < C O £ C O C > U 0. J W W C 0 a K X 0 0 0 0 0 0 N 0—0 0 Ca M M N— 00000 00300Y1 f-1� O O 0� 0 00 0 0 O W J 0 N N 0 < < 0 0 .pan 01 C O 0F M a- L LS ce w 940739 0t— atn w > C N CERTIFIED Z 742 063 129 MAIL GPL1 AS y-`•rim _ .. !a ii.S.POSIAi,E I •UU5'94 - Peat Marwick Certified Public Accountants 200 Crescent Court Suite 300 Dallas, Texas 75201-1885 f1/t /a/ ova &/cfa/BIM.; Creel;y 4/r,c"o e90 X3 a. FIRST CLASS MAIL 9407,19 • CLERK TO THE BOARD P.O. BOX 758 GREELEY,COLORADO 80832 (303)358-4000 EXT.4225 C. COLORADO July 19, 1994 Parcel No. : 096119200046 PIN No. : R 0101688 COMMONWEALTH THEATRE X KPMG PEAT MARWICK 200 CRESCENT COURT, SUITE 300 DALLAS, TX 75201-1885 Dear Petitioner(s) : The Weld County Board of Equalization has set a date of Thursday, July 28, 1994, at or about the hour of 11:00 A.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 hearing, a decision will still be made by the Board by the close of business on August 5, 1994, and mailed to you on or before August 10, 1994. 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 . 94073s COMMONWEALTH THEATRE - R 0101688 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, BLush OF EQUALIZATION Donald D. Warden, Clerk to the Board // BY: ALA—es 14-,r7 Carol A. Harding, Deputy cc: Warren Lasell, Assessor 94 0739 Hello