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HomeMy WebLinkAbout901481.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1990, WELD COUNTY, COLORADO PETITION OF: WINDSOR ASSOCIATES INC 1934 S GARLAND CT LAKEWOOD, CO 80227 DESCRIPTION OF PROPERTY: PIN: R 1478586 PARCEL: 080720401004 - WIN CST-C PT E2SE4 20 6 67 CARANNA 1ST FILING BEG S87D46 'W 235. 03 ' FROM E4 COR SOD12 'E 208 ' S89D47 'W 176.89 ' THENCE ON ARC OF CURVE TO L RADIUS 40 ' & CHORD BEARING N44D16 'W 35.93 ' TO PT OF CURVE NOD12 'W 175. 09 ' N87D46 'E 202 ' TO BEG 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 Gary Sturgill, Facility Resources, Inc. , 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. 9014!31 Page 2 RE: BOE - WINDSOR ASSOCIATES INC 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 CBOE 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 OBOE are entitled to participate. The hearings are informal. The arbitrator has the authority Page 3 RE: BOE - WINDSOR ASSOCIATES INC 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 31st day of Jl7 y, A.D , 19 0. ATTEST:/� ✓ D� a447 BOARD OF COUNTY COMMISSIONERS W Weld County Clerk to the Board /E(LDc -i/ (U/N(T , COLORADO /LeY enG e R. Bran e �� )O"� nunChairman 1 puty Clerk t4/44--x-df-9 e Board gJ Gy.rge Kennedy, Pro-TT ABP�2O�F D AS TO FORM: / C ns ance L. a b t �m , ��� /�, X c �;, County Attorney C. W. Ki b Go a OFFICE OF COUNTY ASSESSOR 915 10th STREET GREELEY,COLORADO 80631 NOTICE OF ADJUSTMENT PHONE(303)356-4000, EXT.4256 WIN CST-C PT E2SE4 20 6 67 CARANNA 1ST FILING BEG S87046214 2J5.031 FROM E4 CUR SOD121E 2081 COLORADO S890471W 176.891 THENCE ON ARC OF CURVE TO L RADIUS 401 b CHORD DEARING N44016114 35.931 TO PT OF CURVE N0D121W 175.091 1487046'E 2021 TU OULU 812-814 7 ST OWNER WINDSOR ASSOCIATES INC FACILITY RESOURCES INC PARCEL 060720401004 PIN R 1470686 P U BOX 1164 YEAR 1990 DENVER CO 80201 LOG 00795 06/12/1990 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 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: JASED UIJ A STUDY OF COMPARABLE PROPERTIES THAT SOLD FROM 1/87 TO 6/6 as WE HAVE: ADJUSTED YUUR PROPERTY TO THE 1988 LEVEL OF VALUE AS SHOWN BELOW. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND 611419 b1141y IMPS 400) 826 3401352 TOTALS $ $ 4624 245 $ 4011 771 If you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration, 39-8-106111(a),C.R.S. Please see the back of this form for detailed information on filing your appeal. By: RICHARD W. KEIRNES 07/J1/90 WELD COUNTY ASSESSOR DATE 2C P-2D ADDITIONAL INFORMATION ON REVERSE SIDE Form Form T A 87/90 YOU HAVE: THE RIGHT TO APPEAL THE. ASSESSOR'S DECISION .,,t to hear appeals beginning July 1 and euetinuing through r'August. 10 for real property enc. personal property (furnishings, machinery, and equipments. 398-104 and 39-8-107(2), C.R.S. R ,ro.. PROPERTY APPEAL PROCEDURES: (Land and Buildings) lf ;tee oi:oosc: e.p:eel tie Assessor's deC's5ion, mail or deliver one copy•o°f This completed forrn to the County Board o r,:.; .: • :a <�:r<<, r..: preserve your right to appeal, your appeal must be POSTMARKED OR LIE-.LIVERED ON OR BEFORE R; P.f=FiS C.31'vAL PROPERTY APPEAL PROCEDURES: (Furnishings, Machinery . and Equipment) eii ose _.: ;:: i.:‘e i the Assessor's decisiop, mass or.deliver one copy:of (his completed form to the County Board of voui- right to appeal, your appeal must he POSTMARKED OR DELIVERED ON OR BEFORE • WELD COUNTY BOARD OF E.0.(J iLl:Z.A-f!ON 915 10th Street, P.O. BON. 758 Greeley, i olored° x`30632 • Telephone (33) 356-4000, Ext. 42':.5 61iOTI iC T ION OF HEARING: You viii Inc: notified of the time and plane se-i for the hearing of your appeal. .. .... ....... C.r.,:+LINTY fie; ARD OF EQUALIZATION'S DETERMINATION: :e County Board of Equalization must make a decision on your appeal and mail you a determination within five business ciays The County Board must conclude their hearings by August 10. 'TAXPAYER RIGHTS FOR FURTHER APPEALS: If you are not srltttifleC.i with the County Board of Equalization's decision, you rnirst file within thirty days of the County E3•...e.e; ;,; Eque'Uza1 l.ores decision to ONE of the following: Board of Assessment Appeals (BAA): q..:oo'.act. the BAA at 1:313 Sherman, Room 523, Denver, Colorado 80203, (303) 866-5880. District Court: 9th Avenue and 9th Street, P.O. Box C Greeley, Colorado 80632 Telephone (303) 356-4000, Ext. 4520 Arbitration: WEI...D COUNTY BOARD OF EQUALIZATION 915 10th Street, PD. Box 758 Greeley, Colorado 80632 Telephone (303) 356-4000. Ext. 4"225 I :^ , . rt; receive :ttIt trnina-t;ori from the County Board of Eq slization by August 25: you must file an appeal with I:(.9."esi t; .Assese,oienr Appeeis by September 24. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL, THEREFORE, INE RECOMMEND ALI.. CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO•THE COUNTY BOARD OF EQUALIZATION • the soat.e please explain why you disagree with the Assessor's valuation. Attach additional documents as necessary. • FACILITY RESOURCES, INC. ino ,s To Ti f: it JULY 9, 1990 t , Weld County Assessor 915 10th St. Greeley, Co. 80631 Dear Sirs: We have not received notices of determination for the following properties: Stone gate Apartments 808-810-812-814 Stone Mountain Dr. Schedule � 080720401003 and 080720401004 We are requesting a County Board of Equalization Hearing for these properties. Please contact me to set up a date. My is 292- 1557 Sincerely, -Nancy L Sturgi 11 P.O. Box 1164 • Denver, Colorado • 80201 (303) 575-8570 OFFICE OF BOARD OF COUNTY COMMISSIONERS PHONE(303) 356-4000. Ext 4200 P.O.. Box 758 1111D GREELEY, COLORADO 60632 C. COLORADO July 25, 1990 WINDSOR ASSOCIATES INC 1934 S GARLAND CT LAKEWOOD, CO 80227 The Weld County Board of Equalization has scheduled your hearing for Tuesday, July 31, 1990, at or about 2:00 P.M. regarding your tax assessment for property in Weld County, Colorado, described as: WIN CST-C PT E2SE4 20 6 67 CARANNA 1ST FILING BEG S87D46'W 235.03' FROM E4 COR SOD12'E 208' S89D47'W 176.89' THENCE ON ARC OF CURVE TO L RADIUS 40' & CHORD BEARING N44D16'W 35.93' TO PT OF CURVE NOD12'W 175.09' N87D46'E 202' TO BEG 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, both 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 - R1478586 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 Deputy Clerk to th Board OFFICE OF BOARD OF COUNTY COMMISSIONERS PHONE (303) 356-4000, Ext.. 4200 P.O. Box 758 1 GREELEY, COLORADO 80632 C. COLORADO July 25, 1990 WINDSOR ASSOCIATES INC 1934 S GARLAND CT LAKEWOOD, CO 80227 The Weld County Board of Equalization has scheduled your hearing for Tuesday, July 31, 1990, at or about 2:00 P.M. regarding your tax assessment for property in Weld County, Colorado, described as: WIN CST-A PT E2SE4 20 6 67 CARANNA 1ST FILING BEG SOD12'E 325.25' & S89D47'W 50' FROM E4 COR S89D47'W 184.89' NOD12'W 317' N87D46'E 185' SOD12'E 323.50' TO BEG (TRACT A) 8810 STONE MTN CT% The public hearing will be held in the Chambers of the Hoard, 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, both 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 - R1478486 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(-7)9 O/ i.G�n.G 4 I eputy Clerk to the Board P 556 982 516 Pe. 1. f$FOR CERTIFIED MAIL •9 r G�<NINTERNATIONAL MAIL �‘1/4.40. @ ¢r'Reverse) u. p0 C lip soSt. 0. fa. -4 y r n P.O..S O �� 70$, 6 � C 0 A ‘5‘ Postage V" Certified Fee Special Delivery Fee Restricted Delivery Fee Return Receipt showing to whom and Date Delivered N m Return Receipt showing li whom Dale. and Address of Delivery d S TOTAL Postage and Fees 0 0 Postmark or Date eh 1/4 27 u. a i • SENDER: Complete items 1 and 2 when additional services r 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 WINDSOR ASSOCIATES IN4P 4-74:2 197♦ S GARLAND CT ,t ype of Service: LAKEWOOD. CO 8022) Registered ❑ Insured Certified O COD I Express Mail ❑ Return Receipptt p •r Marchanr�s llways obtai ery tut, essee or agent an. L;J :4 3Rq�i., Si a i dr s e 8. Addre jt/ r 11 regaes T t*t t. nature — Agent h X ay 7. Date of Delivery 0O0 7- 2-7 -47') PS Form 3811, Apr. 1989 rU.S.G.P.O.1989.238.815 DOMESTIC RETURN RECEIPT OFFICE OF BOARD OF COUNTY COMMISSIONERS PHONE(303) 356-4000, Ext.. 4200 \ P.O. Box 758 ik GREELEY, COLORADO 80632 COLORADO July 25, 1990 FACILITY RESOURCES INC P 0 BOX 1164 DENVER, CO 80201 The Weld County Board of Equalization has scheduled your hearing for Tuesday, July 31, 1990, at or about 2:00 P.M. regarding your tax assessment for property in Weld County, Colorado, described as: WIN CST-A PT E2SE4 20 6 67 CARANNA 1ST FILING BEG SOD12'E 325.25' & S89D47'W 50' FROM E4 COR S89D47'W 184.89' NOD12'W 317' N87D46'E 185' SOD12'E 323.50' TO BEG (TRACT A) 8810 STONE MTN CT% 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, both 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 - R1478486 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\ / 1 eputy Clerk to the\Board .7;r*N;H\ OFFICE OF BOARD OF COUNTY COMMISSIONERS PHONE(303) 356.4000. Exr. 4200 P.O. Box 758 GREELEY, COLORADO 80632 C. COLORADO July 25, 1990 FACILITY RESOURCES INC P 0 BOX 1164 DENVER, CO 80201 The Weld County Board of Equalization has scheduled your hearing for Tuesday, July 31, 1990, at or about 2:00 P.M. regarding your tax assessment for property in Weld County, Colorado, described as: WIN CST-C PT E2SE4 20 6 67 CARANNA 1ST FILING BEG 587D46'W 235.03' FROM E4 COR SOD12'E 208' S89D47'W 176.89' THENCE ON ARC OF CURVE TO L RADIUS 40'. & CHORD BEARING N44D16'W 35.93' TO PT OF CURVE NOD12'W 175.09' N87D46'E 202' TO BEG 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, both 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 - R1478586 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 F BY: G7'1c-iN-4.�.' �X4� D puty Clerk to a Board P 556 982 497 RECEIPT FOR CERTIFIED MAIL NO INSURANCE COVERAGE PROVIDED NOT FOR INTERNATIONAL MAIL (See Reverse) Sent to FACILITY RESOURCES INC P O BUX 1164 DENVER, CO 80201 Gennied Fee Special Delivery Fee Restricted Delrvery Fee Return Receipt showing to whom and Dale Delivered Ln co Return Receipt showing to wham. m Date. and Address of Delivery ar G TOTAL Postage and Fees 0 Postmark or Date co LL r9O/9' N a. XO9 7 q/ • 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 boxlesl 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: 4. Article Number fILITY RESOURCES INC � . Rer 4-6-(o 9S3 997 1 BOX 1164 `�y [p ypet of Service: iVERb CO B020Ty glstered ❑ Insured Certified ❑ COD ❑ Express Mail ❑ Return Receippt for Merchan01s8 Always obtain signature of addressee or agent and DATE DELIVERED. S. Signature 8. Addressee's Address (ONLY if x requested and fee paid) . SI atur X 7. Date of Delivery r)_5a q(7 PS Form 3811, Apr. 1989 *U.S.G.P.O.1989-238-815 DOMESTIC RETURN RECEIPT i _ k Ill 44 E O +L I � ,4. ^ A a O. ": u) , . a o a= I .-0 - # c . pi .. _ I �_ t ^ I hir_ a 0 U a 0 i a m \ i . A MI I' •Moo U O 0 0 .-1 .,4 mot °t ` ¢ oo NN 0 0 0 C I,.. 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C.J N -O CU CJ1 _ II rII W .2 �2 C It CO m ra s•-,W .C n 1.:1 m � •=.. tl w � 0 a M M Z H �7 UJ Z II tt COCA A 11 CO Z II I- -. N M sap 11 c� OP CP M M LL II W It m 2 2 2 2 It C./) U U C..1 f-1 REQUEST TO ASSESSOR FOR REVIEW OF REAL PROPERTY VALUATION: FILE NUMBER PROP. ADDRESS/COUNTY; �� �� �cs-y/v777/41 Pie. SCHEDULE NUMBER; LAND SF (407-.20�o/ 00_3 C�o�'��X OWNER OF RECORD IMPS SF o6, ,�� VALUE ASSIGNED BY ASSESSOR STATEMENT OF ACTUAL VALUE ` r $05 / TOTAL VALUE / TOTAL VALUE 7 �O 4/6,13 6 '5e3,/ CD O 50:::. ) 33 LAND IMPHOyiMENTS LAND IMPROVEMENTS �X77Oc2 ' 9�� _ cgd O sb 0 Old el. CORRELATION F VALUE FOR REVIEW • LAND IMPROVEMENTS TOTAL COST: INCOME: MARKET: -ft coo CORRELATION: RECOMMENDED VALUE: REASONS FOR BELIEVING ASSESSOR'S VALUE TO BE EXCESSIVE: UrviT C d wl�c c-/� Pzi/Lc-r//90-&--V 77S" oQ 0 I hereby protest the valuation as a igned and request a review thereof. Owners representative: ->t Date: by the County Assk-s-or: Date: - X H 18 I T FACILITY RESOURCES, INC. 4/'� Witdser P O. Box 1164 ✓ Denver, CO 80201 V � j (303) 292-1557 r�5�, )'? REQUEST TO ASSESSOR FOR REVIEW OF REAL PROPERTY VALUATION: FILE NUMBER PROP, ADDRESS/COUNTY; SCHEDULE NUMBER; LAND SF Q 6o7av cvy OWNER OF RECORD IMPS SF VALUE ASSIGNED BY ASSESSOR STATEMENT OF ACTUAL VALUE r ` j_. �� I i � -� - TOTAL VALUE i{`r TOTAL VALUE D, -�D ,?z/ o 0 o I A7V/, 733 I LAND IMPROVEMENTS LAND IMPROVEMENTS O/ c‘ _ .... -- to/V 00 X79 mop CORRELATION OF VALUE FOR REVIEW LAND IMPROVEMENTS TOTAL COST: INCOME: !� MARKET: ,39j v d I CORRELATION: RECOMMENDED VALUE: REASONS FOR BELIEVING ASSESSOR'S VALUE TO BE EXCESSIVE: t Gvi r,27, zAfo 7 02O<l c/ e7o3 i I hereby protest the valuation as assigned and request a review thereof_ Owners representatiVe. Date: iterieved by the County KS-sessor: Date: - -- --- - - - --- -FACILITX 0:- - - - P O. Box 1164 Denver, CO 80201 (303) 292-1557 Comparable Sales for the Stonegate Apartments at 808,810,812 and 814 Stone Mountain Court, Windsor, Colorado. Subject property contains 52 units, brick and frame construction, YOC 1971 and 1973. Note; For the base period, 1 Jan 87 thru 30 Jun 87, few transactions occurred involving this number of apartments. I . 729 26th :Ave, 12 unit apartment, brick construction, YOC 1980, sold 09/88 for 175,000 $ 14,583 per unit 2. 2023 4th Ave, 8 unit apartment building, YOC 1972, 2 story brick construction, sold 10/87 for $ 110,000 or $ 13,750 per unit 3. Subject property, Stonegate apartments sold 12/88 for $775,000 $ 14,903 per unit r Est. <5,� � - '- ' '*.. ttt ''intilli _- 2 a- r.. 4 i ci . _. . at I a II P t 4 I r �4f . .. .. &IDCf_ g 1 S7CY_1(GTAie /_. pr &DC- 8/1 9- 1447 Gca6- ;is'f2 ,.., c z F i , . 1 � `4.,.. 4 itk _ �= tm�. r. _. h.. ti J de+ . �x _ _ • 2O23 470,,,Ave,- vv.v ,J CAC so 72; 26Tr, P.vg, /Z u.,,7 pie PYL. / / Jll7S O re'n Choir �91D r rt !42::-.7i.),- yr /..)pn2 024,,4c co-Th K1 v Vrin,ed Vutnun.,f this furor a0Vro,.d bi --"—-- Color,du tlevl EMU Commin Inn lsC¢] 2 all Na I7 A ULU.IMtlI alen IF lour RMOlML100,UM TAX Oa ODIN AIRMAIL I M MO it COMMA WOK Mgt • COMM RCIAL • CONTRACT TO BUY A U SELL REAL ESTATE (Seller's Remedy limited'to Liquidated Damages) Dk.uenl .*x__2.9 19 I.• The undersigned agent hereby acknowledges having oceived from Rautica Rk_Cr. CIi;Ylfzr• _ _thee mof11,f1Q4 fill ,in the form of an stun _—�,tobehel by__Ted Hlpak 5 Aaa to broker, in broker's escrow or truotes account, as earnest r oney and part payment for the following described real estate in the. _County of ,Colorado,to w7ll As described on Exhibit A atta hed hereto I I together with all easements and rights of way appurtenan thereto• all improvements thereon and all fixtures of a permanent nature currently on the premiers except as he elnafter provided, in their present condition, ordinary wear and tear excepted,known es No. _$1111Ciate--AllSiftneathe IStreel Addrescriiy,iiyi — — ,and hereinafter called the Property, • 2. Subject to the provisione of paragraph 17,the underei ned person(*) -_Ramdolph—G,_CLtLr.ier 'i — — - (ae-Jekeiaetteverbeetanhieemnmerr),hereinafter called Purchaser,hereby agree,to buy the Property,end the uncle elK�t7yed owner(s),lineh'r.1�se d Seller,hereby agrees to sell the Property upon the terms and conditions stated harplre•- x-75 CVO {e. The purchase price mini' he U.S,'•741O-tf3Elldre(Y _, Payable ax follows;3"��—_CC YYY S__rterotprfestbr rye: Purchaner shell assume end agree to pay, existing note and deed of trust on • the property held by United Hank of Fort C lline ("Lender") provided, however, that said note and deed of trust shall be educed to the principal amount of $750,000.00 and shall be modified to a pay eat schedule acceptable to Purchaser. In addition, said note must be assumable b qualified purchasers o£ the Property for an assumption fee not to exceed 1/2 of 1%. Seller shall pledge a first deed o£ trust on Lot 9, Summit Ranch (the "Lot" , Jefferson County, Colorado to Lender es additional collateral during the first five years of the loan term for the note assumed by Purchaser, Lender must agree that Seller may obtain a release of the Lot from Lender's deed of t ust upon the substitution of a Letter of. Credit in the amount of $50,000 as subs itute collateral for the Lot. Such Letter of Credit shall be in a form accept ble to Lender and shall be for a one-year term and shall be annually renews le and may be drawn by Lender in the event of a default on the note. If de ivered, the failure to renew the Letter of Credit at least 30 days prior to the next expiration date shall be an event of default which shall entitle Le der to draw the Letter of Credit. I. In the event that there is no default on t e note during the five years li immediately following the closing, the Lot shall be released or the Letter of t. Price to include the following personal property: Cr dit shall be returned to Seller. any located at the Property and owned by Seller I to be conveyed by bill of sale at time of cloying in their present :ondition,tree and clear of all personal property text!, liens and encumbrances,except: for the security interest of Lender and except any personal property liens in any encurnbrance pecified In paragraph I1. The following fixtures of a �' permanent nature are excluded from this sale: none I, _ Fwd-bratoataaao>feonia-t♦iird.party, Purchaser.sweat°pram pal rand diligent, (a apply for such lea ALe2utete all docu*,lent, and furnish el; information and docu ats—eneritecfby a lender,and (c)pa/the customary coats of o8tatnintsuch loa�ajLea eleties tritta pproved on or before 10—,nr if so approve itibTe tTltne_efsloeing,this contract shall be null and void and all payments and .atiw iseaeeeivadhorwwdertIlbe.cwx+,ed-to-) O. If a note and trust deed or mortgage Is to be assumed Purchaser agrees to apply for a loan aeaumplion if required and agrees to pay(1)a loan transfer fee net to exceed$ 0- and(2)an interest rate not to exceed—_ par annum 1f the loan to be enumed hey provisions for *shared equity or variable Interest Fetes or variable payments, this contract Is conditionsf d upon Purchaser reviewing and consenting to such provisions. If the lender's consent to a loon assumption is required, this contract Is conditioned upon obtaining such consent without change In the terms and conditiune of such loan except as herein provided. S.-1S-a ante-1,-ts-1 eensori ywywbN.a.BtNae-ae-p snesse-ef-shc pureh+aa-ANteriMee+aseaetya*aiLrwt— ha-aaaLguahle by Onrob Leer-without-Wirron^tenants,'Re"' No,SC 22.2.81.Canna le au,••e srll xwl 61W.lCe.nmercl,ll "— --- — -- —jsp - fLadfon)Punllrhn,rC .me/ew AIM Ava.,l.aaewood,Cole-ado e0214—11031233.1100 RECE PIED F12011 301235937 P. 2 - ." _ - __ _ _.. _ • . _ ,�/,JJ/'%. Cunt :•I nos nppr;u:nl Imr lore pui poser to be obtained alto this date shall he paid by' Purchalier / B. 1411— tr""1"4 a.co. • ,-a ndGrd.n.,tu--,a current commitment for title insurance policy in an e wy A amount equal to the purchase prise, at Seller's ept.iost-44-expense. shall be furnished to Purchaser nn or before _SauueLy�_4 . _ �, tb9J. �[SeJ ►.Iw+wastae mimeo 4awlitito-iweutowe<•eemwsilmiswt,Seller will deliver the title insurance p}p}nlicy0Stirc{hasic after clo ing and pay the premium thereon. 111. The date ul-clnyinge,Fichtyylet tneAHtIERi0 d211eeey a decd as provided in paragraph 11.The bOur and pines of closingnhall be us dealgnated by _TEA 91eilk. 6 La oriatea___�. _.____�_ __--._---.— I i, Title*hall be merchantable In Salle r,ease pt ns stn ed in thin earns mph and in paragraphs 12 end 13.Subject • to payment or tender us above provided and compliance lirre Purchaser with the other' terms and provisions hereof. Seller ,chill execute and deliver a good and sufficienq ____gMaC�I.•-- _ warranty deed to Purchaser on ,lanuary- L2 __ --. 19.89.,o',by mutual agr eelllIment. at en earlier date,conveying the Property free and clear of all taxes,except the general taxes for the year of clo ing,and except _IIQUR — — —' free and clear of all liens for epeeist! irnprovemente iustalle as of the date of Purchaser's signature hereon,whether n.oieeted or tint; tree rind clear of all liens and oncumbranceslexcept deed of trust to Lender i except the following,reglictive covenants which do not cunt in a right of reverter; of record and except the following specific recorded and,or apparent a cements: of record and altbjectto building end zoning regulations. A, 14. Except as stated in par agrephs 11 and 13.if title Is not merchantable and written notice of defectlel le given by Purchaser or Pun chaser'e agent to Seiler ur Seller's agent n or before date of closing, Seller shall use reasonable effort to correct said defect(1) prim to date of closing. If Seller le unable to correct said defectie)on or before date of closing, at Seller's option and upon written notice to Purchaser or Purchaeer's agent on or before date of cloning,the date of closing shall be extended thirty days for the purpose of correcting said defectio, Except as stated in paragraph 13.if title la nil rendered merchantable as provided in this p Isragraph 12,at Purchaser's option,this contract shall be void and of nn effect and each party hereto shall be release from all obligations hereunder and all payments and things of value received hereunder shall be returned to Purcl teen 13. Any encumbrance required to be paid may be pal at the time of settlement from proceeds of this• transaction o' from any other source. Psauiled,-114m eaak ilw°ptw+waCelikw.-P4H4Yt asemead.bµiienciacs ls*Rwiesatiecceeieslaantsieehae � ieee e4ti tlt,aeeahalF be•reali eneeFneeeekeaandea ;tarty .p . ' uaceta-attal!-be•reieaaad-fram;cal ebliRMkwah erns,deo-mrdal menerend-tahrteofmritterercrtted ha'ratlndar"ehatt t7 n /()lU� baaetawsedte.Parishaeer. 1 opB, An io Vee e eh l be Srod b Seller and rq8�"� f kUR JI a7SS .w MFww ►+nee es`inen recene'reaesavtatert rrepe1 14. General taxes for the year se+rsPr • I reenter,water rents,sewer rents,FHA mortgage insurance pre iume and interest on encumbrances,if any,and I• shall be apportioned to date of delivery of deed. Purchaser a all be responsible for any ealeAand ustax -try accrue because of this transaction. Eureheeer-shall—a some--Gasee—ter—the--y �PPiiiYYY/"''///,r f 16. Poeeeasion of the Property ehall be delivered to Purch eel:on closing • I subject to the following leases or tenancies: existing ap rtment leases i• • i; ii If Seller fails to deliver possession on the date herein specified Seller shall be subject to eviction and shall be liable for II a daily rental of$130 I.Q9-- _anlil possession ie deliver ed. rrior to time of cloning,in an amount of �i 16. In the event the Property shall be damaged by fire or ther casualty { i normore than ten pereent of the total purchase price, Seiler shall be obligated to repair the same before the date ' herein provided for delivery of deed. In the event such dame& is nut or cannot be repaired within laid time or if the ,,: damages exceed such aunt,this contract may be terminated at he option of Purchaser and all this payments nleaet ings of ngs of i 1' value received hereunder shall be returned to Punhamar. Should Purchaser elect to carry not , such damage, Purchaser shall be entitled to all the credit for ll a Insurance proceeds resulting from such damage, i exceeding, however, the total purchase price. Should any fiat res or services fail between the date of this contract l• and the date of possession or the date of delivery of deed,whici aver shall be @ether,then Seller shall be liable for the repair or replacement of such fixtures or services with a unit a similar size,age andquality,or an equivv le t credit. 11. Time is of the essence hereof.If any auto or check receiiked as earnest money hereunder or any I'i due hereunder is not paid,honored or tendered when due,or ilf any other obligation hereunder is not performed as 1,1 herein provided,there shell be the following temedim • (a) IF PURCHASER IS IN DEFAULT, then all paym nts and things of value received hereunder shall be , forfeited by Purchaser and retained on behalf of Seller a d both parties shall thereafter be released from all - II obligations hereunder. It is agreed that Duch payments at d things of value are LIQUIDATED DAMAGES and (except se provided in subparagraph Ich are the SELLE •S SOLE AND ONLY REMEDY for the Purchaser's ;I failure to perform the obligations of this contract, Seller a preasly waives the remedies of epeelfle performance and additional damages. • �I (h) IF SELLER IS IN DEFAULT,111 Put chaser may el ct to treat this contract as terminated.in grits rase r all payments and things of value received hereunder shall a returned to Purchaser and Purchaser may recover II II such damages as may be proper,or 121 Purchaser forc may elect treat this contract au being In full e and effect and Purchaser shall have the right to an action for specific pia rfor mance or daMarea.or os any litigation arising out of thin h. lr Anything to the contra'y herein notding party all r in the event contract, the court may award to the prevailing part>' all re sortable rose end nxpenee�in�luar^g -- i L__—. 11 w� -. i... _..__...._ -._.....—___.— F, 3 -- -- __ . - 7037-22_'nef :n n yyy��� z L ,Theii l ��ni 1,. IIm. ; i , ': 15:r•id ;0/ Ia, Purrhaeel nod Seller agree that,in the event of an •controversy regarding the earneet money held by broker, I. unieP= mutunl written instruction is received by broker.lm ker shall not be required to take any action but may •welt ' any proceeding,or at broker's option and discretion,may I terplead any moneys nr thing'.of value Into court and May recover court costs and reasonable attarney'S fees. . iii. Additional provisions: e. It i•v a condition to the Selle 's performance of this contract that Dr. D. Boyd Bigelow ("Bigelow" shall be released from personal liability for the note and dee of trust by Lender at Closing. b. Rents for the month of January shall be prorated as of the Closing. Seller shall transfer s curity deposits to purchaser at Cloaing. �g,�///Jl, eh5 f c. Bigelow shall purchase the Lot ram Purchaser at Closing for the purchase price of Sb9,000,0f1. itle to the Lot shell be merchantable in Purchaser and tie Lot shell be free and clear of encumbrances, or at the option f Bigelow, Bigelow may assume the encumbrance and otherwise relea a the Lot and in such event the amount of the encumbrance shall be subtracted from the purchase //fJ�/ price. �1 II a, �)Gar r % �-u-zl,-t`t",,e c.( s(76,- ( �� ref(��ci by ctc i. `�I' 1. g-til;� timeti Gl c._c'0 C.'s(. � e �GQe (/s-rte r II i. PLt<hnaer eller 20. If this proposal ie accepted bv�fter in writing and •elseeer receives notice of such acceptance on or before —7___—_--____.tla_�, this instrument shall bet me n contract between Seller and Purchaser and shall in 4e t�the be en)of 1 e 1 sh eu reeseora and assigns of sue parties,except ae stated In paragraph i. � %%% r � � , 7�J llwl `L—(9 /./RAN * 1 (�� � `_'.z_G_I•tO raker _--.Ted Slfltllt 8 (tSdIIlWIatEA r„ I,,,.r, D p G. ( iBR u,.,,, ' —-- - - , Purchaser's Add'Pss —_---------.— _�---:_ (The following nertion to be complete by Seller and Listing Agent) 31 SPIle1 accepts the above prupeenl ibis—. . -_ _. day of _111e embeL--z- , IB.BB_,and agrees lo pn n "mmlas,in, "d 6 _ '•° of she Inn-rhsse'price fat. services in this t.rnnsaetion, and agrees thin, In the event of hu kit nls nl payment?. and things of value received hereunder, such payments and things of value ' shall be divided between listing broker and SPileI,one-half th trot in nnid hrnher but not is sn,ud 04901. {ylielun, I nod ,hr Innenre to Seller. Such commission shall b payable by a atoatar+aneral (f r c preminaot.y uute payable in rive semiannual installments of principahenn_rer�aerse ly r without interest, each lnstellmont to be 1 tt �e mol�tttruet�onC�he Lot records 1p,Tvmisspr note ha lye a ur_�7+ by a second f P'I,rt4-teey-Lanoar e-dead-nr ?rut C- -w `a,}ll,, Lt, B. B. 6 C5,1SP 7Y ti IN�j °c �* -_ Listing Broker's Name and Address—__-.v I 1 1 . • . i .__ . . 1 r� 7. AUTHORIZATION TO ACT AS AGENT This shall serve as the Letter Of Engagement between (Property owner) /l'/u/r/dl/dd WINDSOR ASSOCIATES , INC . and Facility Resources, Inc. In regard to provision of Property Tax Evaluation/Appeals services and hereby authorizes Facility Resources, Inc. to act as exclusive agent and obtain all pertinent and necessary Information for the filing of a 1990 Property Tax Appeal(s) for the following property(s) located at: /Yaild kidddddlld/a(Vdd///VyW-nY 7/7VV94'/7 4Vt/IVI/9'V Y Stonegate Apartments 808-810-812-814 Stone Mountain Drive Windsor , Colorado ACCEPTED: March 26th , 1990 FACILITY RESOURCES, INC. WINDSOR A 0 IAT /S , I Date Compan Name/Tine R . ndolph Currier , President NANCY LEE STURGILL ' 934 S. Garland Cnurt President Street/Suite Lakewood , Colorado 80227 P.O. Box 1164 City/State/Zip Denver, Co. 80201 (303 ) 988-8288 Phone (303) 575-8570 PAGE 2 OF 2 FACILITY RESOURCES, INC. P 0. Box 1164 Denver, CO 80201 (303) 292-1557 Hello