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Home My WebLink About920049.tiff *ION FOR AEA[EMENT OR REFUND OF TAXES-•H0ECKEL C VEF 361 2 — Wtt� (nllrt�r per•-Cen4 Pe_i:ioners: Use this side only. Ul` nJ'Iti • Greeley Colorado, S._N.ov lg City or Town - I Z 1991 To The Honorable Board of County Commissioners of Weld 3 JJ GREGELEY,CJLJ. ' t Gentlemen: The petition of Mr Robert D . Lucy, Jr . • whose mailing address is• 907 30th Ave Greeley CO • City or Town 80631 State Zip Cc�rz • SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX ROLL 1752986 GR 17317 PT SE4SW4 1 5 66 WGA COMM SW COR • OF SE4SW4 THENCE N89D50 ' E 525 . 5 ' NOD17 ' k 275 ' ALONG W R/W OF 30TH AV TO TRUE POB S89D50 ' W 165 (0959-01-3-22-026) (907 30th Ave) • respectfully requests that the taxes assessed against the above property for the years A. D. • • 1989 19 , are erroneous, illegal, or due to error in valuation for the following reasons: (Completely describe the circumstances surrounding the incorrect value or tax.) THIS PROPERTY WAS OVERVALUED IN TAX YEAR 1989 . THE OVERVAL- UATION IS VERIFIED BY THE ASSESSMENT REDUCTION THE PETITIONER RECEIVED IN 1990 . IN ACCORDANCE WITH SENATE BILL 91-231 , THE PETITIONER REQUESTS THE 1989 VALUATION BE ADJUSTED TO THE • SAME LEVEL AS THE 1990 VALUATION . 19.89.. NI 19 • Value Tax Vala Tax Orig. 66 , 990 5 , 829 . 40 Abate. 19, 140 1 , 665 . 54 li Bal. 47 , 850 4 , 163 . 86 The taxes (have) @ha e-xtpm) been paid. Wherefore your petitioner prays that the taxes may be ai4azatethex refunded in the sum of $.1.,..6.65...5.4 I declare, under penalty of perjury in the second degree that this petition, together with ar.v accompanying exhibits or statements, has been examined by me and to the best of my know:ed: e. information and belief is true, correct and complete. • Mr Robert D . Lucy , Jr Petitioner By Agent • R&N PROPERTY CONK-I.-MN-7S 413 MAIN STREET WINDSOR , CO 8055' Address 303-686-7447 izabso 9 - RESOLUTION OF COUNTY COMMISSIONERS WHEREAS, The County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 20th day of January , A.D. 19 92 , at which meeting there were present the following members: Chairman George Kennedy, and Commissioners..Constance.L.,_Harbert, C,W. Kir: Cordon..E.,. Lacy, and LB. Webster.. with Commissioner Harhert voting nay notice of such meeting and an opportunity to be present having been given to the taxpayer a-._ the Assessor of said County and said Assessor Warren Lasell and taxpayer being represented by R & N Consultants and (name) (name) WHEREAS, The said County Commissioners have carefully considered the within applica- tion, and are fully advised in relation thereto, NOW BE IT RESOLVED, That the Board... concurs - with the recommendation of (concurs or does not concur) the assessor and the petition be denied and an abatement/refund not be a..i.T_owed,_.._. (approved or dented) (be allowed or not be allowed) on an assessed valuation of$ 19, 140. for $ 1,665.54 total tax for the year(s) 19 89 i Chair m n of Board of County C :ssioners. STATE OF COLORADO, ss. County of Weld I, Donald D. Warden ,AridanctrapniggRClerk 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 affixed the seal of said County, at Greeley, Colorado , this 20th day off_ January A. D. 1992 j teettnti•+-tClerk. >By � .1� /✓ lK ( Deputy. 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 $ E denied for the following reason(s) ATTEST: Secretary Property Tax Administrator. a 0 I 0 a a a a r N D a w w ,. •TH z m ca cd O N 0 cd P CT) ) r0 .C 3 .0 .0 vi •ri r-I cd O 4) cd \\,.._20._:_ � x : N ,v� ^ u E I rn S7 \ Eu, ¢ x ai C 'G. � .i7 0 • wN m , O T ,... O u. a (n co cd co a a) )n 0 -o Q O ti 3 ,-i C0 O H Ora h 0 C _ Q ~O a N 0,In 0 -N >k cd Q 0. w 6t.. C A _ tx Y. .a o s-, E. C CO N O 00 Si� °) >, "' nom• u w • _ O GO aC) m O a a) a) / a r' u o u W .-) E a) R, ri .C CO C) d) a, o w - O Z ,, v ti O • .ml F♦ +) cd ,-I (.� u, ia H a' U O w c~d Q F-i O Fi O 3 I •0 L. d a m - A w P,C) cd w 0 C) » u m a ca p y _ O , «Ρ. > 0:,1 rl (O C) aye ma I., Goa H o o r •o v m C 4w t w w 0 0 -. € .; w •o C v, x U) �'" Z 3 a > O o Fa O w r-I p E .5.,= ° 2 p vg c o d y o v Td .� 'LS co O +> cd `' •F°4 E k o U c ["� a o -2 E a c t; .c, a) cd •0 :~ +) -0 m H = a 0 a co Cl) ERE u rs 0 A c a) U) O t '� o •" • •C ' v •o a''4O OCC .� x F- .5t 4.. - xo . I� ' o , _d a ,� - 3 m o" 6e Fa C �, u �' ... • E EE . ,E . . 0 cd ow R a) cd C-. c v c .� n 4',, I rH 3 Z o < ca.0 ri • CLERK TO THE BOARD P.O. BOX 758 GREELEY,COLORADO 80832 (303)356-4000 EXT.4225 • COLORADO January 22, 1992 Robert D. Lucy, Jr. 907 30th Avenue Greeley, Colorado 80631 Dear Mr. Lucy: On January 20, 1992 the Board of Weld County Commissioners considered your petition for tax abatement and denied same. Pursuant to Section 39-2-125(f) , C.R.S. , you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from the Board of Assessment Appeals, Department of Local Affairs, 1313 Sherman Street, Room 420, Denver, Colorado 80203. Sincerely, Donald D. Warden, Clerk to the Board By: `CH) -4-11-4.. Deputy Cleto the Board cc: Assessor R & N Property Consultants PARCEL/SCHEDULE NUMBER: 0959-01-3--22--026/175298h PROPERTY ADDRESS/CITY : 90/ 30th Ave, Greeley COUNTY Weld OWNER/REPRESENTATIVE Robert D Lucy Jr. R&N CONTRACT NUMBER A0468—LUCY DATE SUBMITTED Nov b, 1991 PETITIONERS VALUE: $180,000 CASE SYNOPSIS: Subject was sold in 1986 for $250,000, but was foreclosed on and sold in 1989 by the United Bank for $165,000. It sold for $250,000 bescause it had holdover tenants with a gross rent of 36,600 (incl Farmers Insur) . In 1988, though, it had gross potential rent of $28,500 with an actual gross of $24,900. In "88, it had actual vacancy of 13%. From' a market pers— perspective. the highest sale seen was at $59.50/SF. Current assessment is at $51.02/SF. Average sal. s were in the $30—$35 range. Petitioner asks a value between market at $40/SF and the income approach ($8.00 up. $6.00 down) be assigned. N: INCOME APPROACH TO VALUE : $ 0 INCOME APPROACH TO VALUE 88 : $ 128,219 PRO—FORMA INCOME ANALYSTS : $ 177,458 MARKET APPROACH TO VALUE 1980 : $ 184,240 • PkOPL.R1Y INCOME AND EXPLN^;LANALY • • RENTAL INCOME Gross-rents 24,900 • CAM Reimburse. • Vac/Credit toss ' 0 0 Adjusted Gross 24.900 0 • OPIrRAI1N(r EXPENSES • 0% ERR% Insurance 1,024 4% ERR% Grounds Maint 604 2% ERR% Janitorial/Clean - 0% ERR% Management Fees 1,052 4% ERR% Maintenance/Repair 2,444 10% ERR% Property Taxes 5,829 23% ERR% Res/Replacements 0% ERR% Utilities 284 1% ERR% Trash removal 200 1% ERR% Misc Category 0% ERR% Misc Category 0% ERR% • ------------- Total Expense 11,437 46% ERR% Cap Rate (expensing actual taxes) : 0. 105 GRM: 24,90() — 11,43/ ------------------- = INCOME VALUE 88: $ 128,219 0. 105 --- U • - ------ •- INCOME VALUE : $ 0 0.105 PRO--FORMA INCOME ANALYSIS • • Leasable Square Footage: 4,606 SF Avg Gross Rent Rate $ 7 .42 Potential Gross Income : $ 34,177 Vacancy/Collection Loss: 10 % Operating Expenses 25 % . Cap Rate (eff tax=.025) : 0. 130 PRO—FORMA INCOME INDICATION OF VALUE: $ 171,458 • • (- 1 • • • ‘„,if & \ AIR CLERK TO THE BOARD P.O. BOX 758 WI GREELEY,COLORADO 80632 (303)3584000 EXT.4225 • COLORADO January 8, 1992 Robert D. Lucy, Jr. 907 30th Avenue Greeley, Colorado 80631 RE: 1752986 Dear Mr. Lucy: 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 17317 PT SE4SW4 1 5 66 WGA COMM SW COR OF SE4SW4 THENCE N89D50'E 525.5' N0D17'W 275' ALONG W R/W OF 30TH AV TO TRUE POB 589D50'W 165 (907 30th Avenue) . This meeting is scheduled for January 20, 1992, at 9:00 a.m. , at which time you may be heard. The Assessor is recommending that the Board deny 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: \� Deputy Cierkjfo the Board XC: Assessor County Attorney Hello