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Home My WebLink About930665.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1993, WELD COUNTY, COLORADO PETITION OF: EVERITT ENTERPRISES WATKINS DOROTHY L-49% INT % WESTVIEW SHOPPING CENTER OF GREELEY P 0 BOX 1547 ATTN: DON FT COLLINS, CO 80521 DESCRIPTION OF PROPERTY: PIN: R 0068387 PARCEL: 095912101046 - GR 1W1-A ALL TR A 1ST WESTVIEW EXC W100' OF S81.2' ALSO N20 L7 & W10' L9 & ALL L10-11 BLK3 1ST WESTVIEW (PT WESTVIEW SHOPPING CENTER) 92412-2450 10 ST% WHEREAS, the Board of County Commissioners of Weld County, Colorado, organized as the Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the assessment and valuation of real and personal property within Weld County, fixed and made by the County Assessor for the year 1993, and WHEREAS, said petition has been heard before the County Assessor and due Notice of Determination thereon has been given to the taxpayer(s) , and WHEREAS, the taxpayer(s) presented a petition of appeal of the County Assessor's valuation for the year 1993, claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, in lieu of the hearing scheduled before the Board of Equalization a Stipulation was agreed upon by the Assessor and said petitioner(s) , and WHEREAS, the petitioner(s) and the Weld County Assessor agree that the assessment and valuation of the Weld County Assessor shall be, and hereby is, stipulated as follows: ORIGINAL ADJUSTED Land $ 482,240 $ 361,680 Improvements OR Personal Property 453, 089 433,320 TOTAL ACTUAL VALUE $ 935,329 $ 795, 000 WHEREAS, said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 930665 Page 2 RE: BOE - EVERITT ENTERPRISES NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, acting as the Board of Equalization, that the Stipulation agreed to by the Weld County Assessor and the above-named petitioner(s) be, and hereby is, accepted by the Board. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 28th day of July, A.D. , 1993. BOARD OF COUNTY COMMISSIONERS ATTEST: �� WELD COUNTY, COLORADO Weld County C er to Constance L ert Chairman i BY: Deputy Clerk to the Board W. H Webster, Pr Tem-W----- APPROVED AS TO FORM: orgekBaxter County Attorn y Dale K. Hall EXCUSED Barbara J. Kirkmeyer 930665 WELD COUNTY ASSESSOR oECEI ' 1993 0 COUNTY BOARD OF EQUALIZATION iAUU U 2 1993 WELD COUNTY GREELEY,COLD. ASSESSOR' S PIN NUMBER 0068387 STIPULATION (As To Tax Year 1993 Actual Value) RE PETITION OF NAME : EVERITT ENTERPRISES INC ADDRESS : P 0 BOX 1547 ATTN: DON FT COLLINS, CO 80521 Petitioner(s ) , Everitt Enterprises Inc . and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 1993 valuation of the subject property, and jointly move that the Board of Equalization to enter its order based on this Stipulation. Petitioner(s ) and the Assessor agree and stipulate as follows : 1 . The property subject to this Stipulation is described as : ALL TR .A 1ST WESTVIEW A.K.A. WESTVIEW SHOPPING CENTER OF GREELEY, 2412-2450 W 10TH ST. 2 . The subject property is classified as COMMERCIAL property (what type) . 3 . The County Assessor originally assigned the following actual value to the subject property for tax year 1993 : Land $ 482 ,240 . 00 Improvements $ 453,089 . 00 Total $ 935, 329 . 00 4 . After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following tax year 1993 actual value for the subject property. Land $ 361, 680 . 00 Improvements $ 433, 320 . 00 Total $ 795, 000 . 00 5 . The valuations , as established above, shall be binding only with respect to tax year 1993 6 . Brief narrative as to why the reduction was made: RECEIVED ACTUAL INCOME AND EXPENSE STATEMENTS ON THE SUBJECT PROPERTY WHICH JUSTIFIED THE REDUCTION. 7 . Both parties agree that the hearing scheduled before the Board of Equalization on JULY 30, 1993 (date) at 2 : 00 pm (time) be vacated; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate) . DATED this as day of Su ly "y73. . r / -Petitioner(s) or Attorney Petitioner(s) or Attorney Address : Address : ,•27-1 - �92-s� � �" wo Co'r Gi"s Co yvsz y Telephone: (3c') 44 y_3-47,942 Telephone: j County Assessor Address : 1400 North 17th Avenue Greeley, CO 80631 Telephone: (303) 353-3845 ext. 3656 _i L U' '..O_' t ASS SSO 1400 NORTH 17th AVE. GREELEY, COLORADO 80631 NOTICE OF DENIAL PHONE (303) 353-3845, EXT. 3656 GR IW1-A ALL TR A 1ST WESTUIEM EXC W100' OF immk S81.21 ALSO N20 L7 C M10• L9 G ALL L10-11 BLK3 COLORADO 1ST WESTVIEM (PT WESTUIEW SHOPPING CENTER) %2412-2450 10 ST% OWNER EVER ITT ENTERPRISES INC-51% INT DOUGHERTY-SCAVO INC PARCEL 095912101046 PIN R 006 8387 220 E MULBERRY ST YEAR 1993 FT COLLINS CO 80524 LOG 02228 05/28/1 993 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 MARKET APPROACH. AGRICULTURAL LAND VALUE IS DETERMINED SOLELY BY THE EARNING OR PRODUCTIVE CAPACITY OF THE LANDS CAPITALIZED AT A RATE SET BY LAM. 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 valuation(s) assigned to your property. The reasons for this determination of value are: NO CHANGE HAS BEEN MADE TO THE ACTUAL VALUATION OF THIS PROPERTY. COLORADO LAM REQUIRES US TO SEND THIS NOTICE OF DENIAL FOR ALL PROPERTIES ON WHICH ME DO NOT ADJUST THE VALUE. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND 482, 240 482,240 IMPS 453,089 453,089 TOTALS $ $ 935, 329 $ 93S*329 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 _ 06/0 2/93 WELD COUNTY ASSESSOR DATE 48 ,5-mPTA2 , ADDITIONAL INFORMATION ON REVERSE SIDE Farm PR-207-87/93 5,30665 IOU NAVE TG, R0GH"t' TO APPEAL THE A.SSESSigarcE DEEitevitiN Thee y iniPard Cat , gt+aliza`tionwwlli eit 4 reef et)l lE #aec{tl Y`! 1 r my 1 girt CQf fit. reign August 10 r rem ;animate , . � �. '� for ld,.ailt3 iyiad�i gs} grt0 rersoeol,propr Oy{fgrnishing34, inaohine0yr, ang vommitietinie 3938-104 and A,peeve s.. ingot a DUKES: it invii tinteme appeaihe Assessor's ssor is decision, mml deliver one copy of y° rn .. s 2: :tlor, preserve your oolitic': appeal yeti( ent F' a c Y a ,e e.C" Y. _ 3 r Q t'0t E PRS,9r 1 F •i A{ .pit tt `F t e; t ;d . , .t"s,. . E WELD COO Milim BOA,'re dr FM LI,AT ION , " ti, 6 �,''.is( Boman CJ 1 aY I LRAM" Neopee, 00,332 y OF fir-#E R i Pie F;a;: l t r you vtili on neleieci of they„tiime and}plpac @�.p(et leherrf.the y hearing of your appeal. CON N; „it:h p OF COUALI,Z.ATION'S 1dETV11O £ "A" opr,: ,he' Ometty Egaite of Equalization must make a decision on yaw appeal and mail you a determination within live businessgave I - County Board must conclude their hearings by August 10 meeimpedinem. my r ICS FOR`IFt.6R`PH8 PrAPPE`,4LS!. . : f ? : a'.r Yr RS" .. _ ., � . if it UU t a with I'M: Co my tat y ot.=ocual <a'ioni x n `ddad 4 r. . i oat f; J �.r,.l ! _ Yi pn P yrif i,l .> ,r 3 . fh g=+ '.-; _.+,� r' ' c[Cy , t �t C.t.�en die o9r t �; ` e� t � -r t U t� 1'd� ,a t ckt tF?.I� r1l ty, " , Y Board of Assessment Appeals (J3AA4. r , ; inorditai the BAA at. 1313 Sherman, Poem 3 lb, D r v , Colorado y,ado .fO..O3 (312c4O. .. District Court: 9th Avefu gi and 91:5 Scrum P.O, Box L Greeley, Colorado 30632 Teiepniue, c3033) :?>a r,EE)(1, Ext. t20 .. C ,r. Z rAt°1yit ;3trard 1 -ri °„i.. -. , L r WELD 1I:Obit:7N/ lite}a Mit EEim'e,1._0 TE{)!V ;. ,3i`, loth : i = s'.C) Box 758f'rfeeley Colorado 80632 Telephone (303) 356-400(4 F:xt. 4225 )M IAA, »,L ,e3 ..,r Mezereeinapun from theleditaiNaltioll,you i t= of Assessment Appeals by September 20. - T^'" PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO THE COUNTY BOARD OF EOUA0_BzATION In the space below, please explain why you disagree with the Assessor's valuation. IN ACCORDANCE WITH :4S- 3-10k30,5), C.E .$., ,Y,QU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DO LAB AMOUNT, Attach additional documents as necessary, Analysis of income and expense data for the subject result in an actual value not to exceed $554,340. C6C, /343j‘:;)7 7/15/93 •.y e re, `� n\L CLERK TO THE BOARD P.O. BOX 758 GREELEY,COLORADO 80632 V' (303)3564000 EXT.4225 COLORADO July 20, 1993 Parcel No. : 095912101046 PIN No. : R 0068387 EVERITT ENTERPRISES WATKINS DOROTHY L-49% INT S WESTVIEW SHOPPING CENTER OF GREELEY P 0 BOX 1547 ATTN: DON FT COLLINS, CO 80521 Dear Petitioner(s) : The Weld County Board of Equalization has set a date of Friday, July 30, 1993, at or about the hour of 2:00 P.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 10, 1992, and mailed to you on or before August 16, 1992. 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. ?3O66' EVERITT ENTERPRISES - R 0068387 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, BOARD OF EQUALIZATION r /Wa /x Clerk to the Board BY: 242 .C71/,4-_— Linda M. Dodge, Deputy cc: Warren Lasell, Assessor DOUGHERTY-SCAVO INC, 23'066T; • JOUGHERTY & SCAVO, INC PROPERTY TAX CONSULTANTS 220 E.MULBERRY ST. - - FT. COLLINS,COLORADO 80524 THOMAS N. DOUGHERTY PHONE: (303)493-4980 ! n. SC'AVO FAX:(303) 482-0860 JA N(E$'A.S C July 15, 1993 Weld County Board of Equalization P.O. Box 758 Greeley, CO 80632 RE: Everitt Enterprises, Inc. , # 095912101043 Everitt Enterprises, Inc. , # 095912101046 Dear Members of the Board: The properties listed above are those properties which have been protested to the County Assessor's Office regarding 1993 valuations assigned by the County Assessor. Please consider this letter as an official protest of those values determined by the assessor on the Notice of Determination. Dougherty & Scavo is in the process of providing additional information to the County Assessor's office and will work with those employees in an effort to resolve valuation differences. Please schedule any hearing dates as late as possible in your time frame, as we intend to work with the assessor's office prior to those hearings to resolve as many of our differences as is possible. Since y,_�� Th as N9ugherty TD/bb Enclosure e(: : 45, C' P.:7 310c65 O 0 ^C Li l�1 n x O mby-' N r p m H N n r O r m Ric) o m A A O7 o < n O .Ti O C N O A ti z n 0 a Di .i7 s' O M0 . ° Ern al 7 m n . La r I - O fD O r r mm 7 d In 01 CD m w n v a m - X C N O Z OM n v H W N O to i-C co O td o 9 co v. O' Pi N C 0 N A C -_ nl z o ;9 m\S�N�i i^f F _. / im+ r ry I .p a L�I, WELD COUNTY BOARD OF EQUALIZATION July, 1993 _ r I„ ATTN: Stan Jantz r•. 'l Parcel #: 0959-12-1-01-046 Location: Westview Shopping Center .` .' . Owner: Everitt Enterprises, Inc . Present worth of income stream assuming 5 year income capabilities . HP12C formula as follows: Payment = $20, 000 i = 12% n = 5 years PV Present Value = $72 , 100 Present value income stream = $ 72, 100 + value of subject land 120,560 s . f . @ $4 .00 $482,240 Total value subject $554,340 After review and analysis of all data available the total actual value of land and improvements which make up the Westview Shopping Center should not exceed $554,340 . Richard Venn, / Colorado Certified General Appraiser GCO1313367, 12/94 Dougherty & Scavo Property Tax Consultants 220 E. Mulberry Street Fort Collins, CO 80524 M M I: 0 N'0 -I of .O u 03 !-•' ❑ 0 O N n -• O! Hc c 0 CO PI 13- otomn d, Q H O W E' LC .0 N N tin CO N fl N N N .O li O • 0 N n N O Or-- co N E CD I•: O N N n O O N 0' to a • 010 vl H a. -I M 0 to roroo -0W CO m 'I G G 0 co N In O O IO or m 0 M -1 0 C N U on CO '-1 NNW CO C Z C 01 O N W P o 0- ...C H tom .Into to •�I CO L o • V to ui N V co o to on N C Ofo z' to nNn Vin on or roi , O P• • r.. 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U) 4 0 U �i N 41 0 .i .I .I C L2 O 0 .i N rl n n n to Io W to �O .I 0 0 0 0) 01 0, to Z CO W C! W W W W W W ;X in W P F 1-' > Fi'2.-2,101;6.1ri . M53 3, I I INCOME STATEMENT 05/27/9 FOR THE TWELVE MONTHS ENDING 03/31/92 WE_5TvI E::W SHOPPING CENTER MONTH AMT Y .T . D► AMOUNT ?811 MINIMUM RENT '=' <,i3►::R 104, 7 77CR 3011 'TENANT REIMBURSEMENTS EMENT 'aOCR 14, 7:?:=►=R 3311 YEAR ENE:) TENANT RE=I M) URSAE.L.ES q 1 OCR 41 OCR 3311 TENANT UTILITIES REIMBURSABLE 1'I9i_R 1 ,98GGR 3820 INTEREST INCOME 84CR 1 ,238►CR 33a?8 MISCELLANEOUS INCOME 1363CR TOTAL INCOME 11 5 212►=R 124,054CR 4035 POSTAGE 4+ 8 54 OFFICE EXPENSE %%� 54 4100 UMBRELLA INSURANCE 36 :397 4105 GENERAL. LIABILITY 142 1 ,017 4115 OTHER INSURANCE 242:►=R 12 INSURANCE EXPENSE :4► R 1 , 432 4.:300 GAS--REIMBURSABLE SUB METER 123 1 , 192 ,300 GA` UTILITIES-OWNERS 101 305 E:LH_.TRI(:: UTILITIE.`. -RE_IMP , 150 1 ,853 6 305 EI_LI -TR I i -RF I Mk . SUB ME=TER 35 1 ,372 4305 ELECTRIC UTILITIES-OWNERS 1t)r_-. 6310 WATER K SEWER-REIMB. U) METER 30 490 4010 WATER SEWER- OWNERS 31 6 !T . -RE I ME::,. 2 _�i7 INTERIOR BLDG. MAIr E `-`4 4318 HVAI: MAINTENANCE-- RE I MB. 755 4313 HVAC MAINTENANCE-OWNERS 1 ,51'1 4320 EXTERIOR BLDG. MAINT . - RE::IMB, 134 1 ,971 6321 ROOF REPAIR :: MAXNT , ••-RE I MI 295 4320 LANDSCAPING-REIMBURSABLE 89 6024 PARKING LOT MAINT . ..RE I MB. 60 660 6325 INSURANCE-REIMBURSABLE 1. , 660►CR 1 ,500 6025 INSURANCE-OWNERS 7 21 4026 SNOW REMOVAL-REIMBURSABLE 590 6000 BUILDING BEER 855 12, 081 63'05 PROPERTY TAXES- REIMBURSABLE 15220 22, 76~ BUILDING EXPENSE 1 , 063: 47 ,612 7000 PROFESSIONAL SERVICES 450 7010 ACCOUNTING CHARGE S: - G•EN OFFICE 200 2,400 7017 COMMISSION EXPENSE 700 7032 TRAVEL. EXPENSE 72 -050 COMPUTER CHARGE 107 1 ,221 / 070 MANAGEMENT FEE 527 4 ,533 7095 AMORTIZED LOAN COSTS 123 -71)9`•) MISCELLANEOUS EXPENSE - - - 0'7O 6 1 INCOME STATEMENT 05/Z7/92 FOR THI_ TWELVE MONTHS ENDING 0 /:11 /'72 WESTVIEW SHOPPING CENTER MONTH AMT Y . T . D AMOUNT Al MINI':;TRHTVE EXF'EN.E =:71. ? , 897 S 10379 : , ',9f. OPERATING EXPENSES -F PROFIT AFTER OPERATING EXPENSE 9 s n:3t=R !,7 ,O1,1 CR 9100 INTEREST EXPENSE 1 $ 733 .0 , •7'71 G1'liER EXPENSE �•‘ l 1 -7:3: 20, '7'71 w1 •b 4• -- ----- NET 4='RO I•! t . 600CR 46,,06,9CR FM533. I INCOME STATEMENT 04/16/91 FOR THE TWELFTH FISCAL. MONTH ENDING 03/31 /91 WESTVIEW SHOPPING CENTER MONTH AMT Y .T.D AMOUNT `17,b73CF :3818 RETAIL MINIMUM RENT 8,096CR 6CR 7 ,603CR .3_•,$18 RETAIL. CAM REIMBURSEMENT 331 i640CR 14 ,6O4CR 3818 RETAIL TAXES 241CR 3► 157CR 3818 RETAIL INSURANCE IOCR 3818 RETAIL MISC 113CR 3►60CR ;818 RETAIL UTILITIES 17CR 201CR 3818 RETAIL ROOF RESERVE 4,232t:.R : 40GR 3818 RETAIL SUPERVISION INCOME: 234CR 1 ,4 3 1 ► �3 3818 TENANT REIMBURSEMENT ADUSTMENT33CR 3820 INTEREST INCOME 725 7CR :3888 MISCELLANEOUS INCOME. - ---- TOTAL INCOME 11 ,020CR 132,005CR . <S.'.... 670 5970 SIGNS O.,'. . • c 670 MARKETING EXPENSE �` ,,', 1 80 6035 POSTAGE ____-- - 1 80OFFICE EXPENSE: 40 481 40 6100 UMBRELLA INSURANCE 1 ,481 6105 GENERAL LIABILITY 97 347 6115 OTHER INSURANCE 29 INSURANCE EXPENSE 166 2,025 1 ,068 6300 BUILDING UTILITIES 169 1 ,068 6305 BUILDING UTILITIES-LIGHT 1007 1 ,931 6305 LOT LIGHTS 1JO9 6310 BUILDING UTILITIES-WATER 309 6310 BUILDING UTILITIES •- SEWER 6320 BUILDING REPAIR & MAINT 3 444 395 4 6320 OUTSIDE MAINT . & REPAIR 24 147 6320 HVAC REPAIR 147 6320 BUILDING REVISION EXPENSE 296 3,;81 6325 BUILDING INSURANCE 1 ,381 6327 COMMON AREA MNTN EXPENSE 536 6327 SNOW REMOVAL 14 6327 LANDSCAPING 90 515 5 6327 SWEEPING 1 ,202 6327 LOT REPAIR & STRIPING ]1 ,50220 1 ,334 4-?27 ROOF REPAIR & MNTN ].6, 125 25 30 BUILDING DEPR 2,204 16,006 6335 BUILDING TAXES & LICENSES _____ __ BUILDING EXPENSE 4,394 56, 168 FM533. I INCOME STATEMENT 04/16/91 FOR THE TWELFTH FISCAL MONTH ENDING 03/31 /91 WESTVIEW SHOPPING CENTER MONTH AMT Y .T.D AMOUNT 7000 PROFESSIONAL SERVICES 350 7005 PROF. SERVICES LEGAL. 40 7010 ACCOUNTING CHARGES-GEN OFFICE 200 27400 7032 TRAVEL EXPENSE 8 122 7050 COMPUTER CHARGE 91 17545 7070 MANAGEMENT FEE 243 27930 7099 MISCELLANEOUS EXPENSE 34 ADMINISTRATVE EXPENSE 542 77421 OPERATING EXPENSES 5, 103 66►363 PROFIT AFTER OPERATING EXPENSE 57918CR 65,642CR N.`/ 9100 INTEREST EXPENSE 17745 2272.62 OTHER EXPENSE C>ss�, 1 ,745 227262 NET PROFIT C\) 4 7 173CR 43 7 380CR Hello