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Home My WebLink About901486.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1990, WELD COUNTY, COLORADO PETITION OF: MUSTARD & ASSOCIATES EL RANCHO BOX 8053 GOLDEN, CO 80401 - 0520 DESCRIPTION OF PROPERTY: PIN: R 5587986 PARCEL: 131310100006 - 25107-L PT NE4 10 2 68 BEG AT SE COR OF PARCEL DEEDED ON REC #1506519 SOD26 'W 1323 .85 ' N89D57 'W 300 ' NOD26 'E 1324. 16 ' M/L ELY 300 ' M/L TO BEG EXC N435. 6 ' ALSO EXC S145.2 ' OF N580. 5 ' $3966 HWY 119% 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, 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, it is hereby Stipulated to by the petitioner(s) that the actual value concerning this property for the 1990 property tax shall be $196,811, and WHEREAS, this actual value represents the sum of the value of the land of the property in the amount of $107, 811, and the value of the improvements upon the property in the amount of $89, 000, and WHEREAS, said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, acting as the Board of Equalization, that the Stipulation agreed to by the Weld County Assessor and the hereinabove named petitioner(s) be, and hereby is, accepted by the Board. 901486 Page 2 RE: BOE - MUSTARD & ASSOCIATES The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 31st day of J ly, A.Dn,�' 90. �� 717 HII IIi el n ATTEST: /fr�/v�;,�/yj BOARD OF COUNTY COMMISSIONERS WELD UNTY, CO RADO Weld County Clerk to the Board z) BY: ene R. Bra er, Chairman Deputy Clerk to the Board Ge a nnedy, Pro-Tem AU&O-11-£yD AS TO FORM: _Y�� Constance L. Harbe'r Z.L Cr County Attorne C. W. K. rby. L Gor c r --.N\ of IL ul C L 15 lA1Y ,ET K S�u S Nth STREET GREELEY,COLORADO 80631 NOTICE OF DENIAL i 9 PHQNE(303)356.1000 EXT.4256 , i, r ._- - - 25107—L P7 NE4 30 2 68 BEG AT SE COR OF PARCEL • DEEDED ON REC 31506519 SOD261W 13234-o twitsrD57�.ido: ` i COLORADO 3001 NOD2o1E 1324.161 M/L ELY 3001 M/L TO BEG EXC N435. 61 g ALSO EXC $145.21 OF N580.`�'I'x3966 A4�V.419h TO THE BCC:=.P D 3966 HWY 119 OWNER. . MUSTARD E ASSOCIATES MUSTARD E ASSOCIATES PARCEL 151310100006 PIN R 5507986 EL RAt4CHO pox 8053 YEAR 1990 GULDEN CO 90401-0520 LOG 00762 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 categoryliesl: 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 valuationls) assigned to your property.The reasons for this determination of value are: THE APPEAL OF YOUR VALUATION HAS BEEN DENIED BECAUSE OF A LACK OF . - EVIDENCE OF AGENT AUIM OR12ATION FOR THE PERSON REPRcicWTING YOU. .P 7 YOU TVA? CUNT ,tJUE IHt A to .-AT THE COUP N uv HEAR :NOS. INSTRUCTIONS APPEAR ON THE REVERSE SIDE OF THIS NOTICE. wE HAVE REVIEWED YOUR PROPERTY VALUE AND IT IS CORRECT. STATE LAW Z . * ('L RE:.UIRES THAT 1907/Iddd COST. MARKET AND INCOME INFORMATION BEUSED TO .� ESTADLISH CURRENT VALUES. ] - Q-+ PROPERTY CLASSIFICATION PETITIONER'S ASSESSOR'S VALUATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND - 1071 811 1071 811 IMPS - 1051592 1051592 TOTALS $ $ 213. 403 $ 213 : 403 If you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration, 39-8-10611 Hal,C.R.S. Please see the back of this form for detailed information on filing your appeal. By: RICHARD W. KEIRNES WELD COUNTY ASSESSOR j VI '/90 DATE 51 r 15-OPT-AD Form PR-207 87/90 ADDITIONAL INFORMATION ON REVERSE SIDE rv5 , I I j. JO ,l GREELEY,cOLO, 1990 BOARD OF EQUALIZATION WELD COUNTY, COLORADO ASSESSOR' S PIN NUMBER .558.7 9 ng, STIPULATION (As to Tax Year /990 Actual Value) IN RE PETITION OF: Name: MaSTAPd Assoc i»tss Address: EL RA/we& son g653 g,�de,v, eo, gave: y a cszv masPAad Al socn res by AseAr Petitioner s) , AFFIL/Alla /R,EA FsT,9`r-E Tq►c dossuc,y vrS and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year /790 valuation of the subject property, and jointly move the Board of Equalization to enter its order based on this Stipulation. The Petitioner (s) and the Assessor agree and stipulate as follows: 1 . The property subject to this Stipulation is described as : ‘Py- daer6&nsr Qumvin OF , FereoN /0 , rowdslo yi a J✓� kAti m eo$ cJ Gsr • 2 . The subject property is classified as &Rtle ITR RitrE property (what type) . 3 . The County Assessor originally assigned the following actual value on the subject property for tax year /790 Land $ A, J R// Improvements $ /05, 592. Total $ ,.2/3I 463 4 . After further review and negotiation, the Petitioner (s) and Weld County Assessor agree to the following tax year /790 actual value for the subject property: Land $ /C9 7, 81Y Improvements $ e cop Total $ ./yGt 8'// 5 . The valuations, as established above, shall be binding only with respect to tax year /970 6 . Brief arrative as to why the reduction was made: feblic( -iie imp-5 hAd hrt=)12 Ass/ , at/ .o�v #fiRfa,RSe,�s \mutt env A /Oar to us V�L 4p �?�rte A/o7 /-I41 dA/� SysrOm atlicuhtort ANt! oiu� oeobea Bet�abe/vs The G'�/�voa�1 ✓,aet�lE�a— 7s' C'URR 7 Epl� Qt'thoN AF Bi2ul0E 644,241 c . 7. Both parties agree that the hearing scheduled before the Board of Equalization on .7uk 3/ sr (date) at (time) be vacaked; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate) . / DATED this Ogg/',Y day of .Til,l �! , 1990 . / i rte., I • Petitioner (s) or Attorney Peioner (s) or Attorney Address : tEm7f AFF04Arsd ReALW,S7gTE Address: 7m CbnISUTANTs x/45- /Ofh-S'7RG .ROk .3©2!0 GREElsy) CSC, efeti3/ Euefkl arA, 805139-SoE0 Telephone: 354 -x"000 Telephone: Oak) / 7o -/goo Viz'.,- / Coun y Assessor I Address: 915 Tenth Street Greeley, Colorado 80631 Telephone: 356-4000 , ext. 4256 _Affiliateds Real Estate Tax Consultants t Ay �� I Post Office Box 3026 t Network Affiliate Evergreen, Colorado 80439-3026 COT, Saving property (303) 670-1800 TO 11 1G 8 p p Y taxes coast to coast since ]975 July 20, 1990 Weld County Board of Equalization 915 16th St. Greeley, CO 80631 Re: 3966 Highway 119 Sched. 131310100006 Dear Sir: Pursuant to a telephone conversation with Mr. Rolland Froid in the Weld County Assessor 's office, I wish to withdraw the appeal on the above captioned property. Mr. Froid and I reached a stipulated settlement on this property. The value of the improvements was agreed to be $89,000, and the land value $ 107,811 . Total value is then $ 196,811, per the agreement with Mr. Froid. I believe this case was set for hearing on the morning of July 31 . If you have questions, please contact me. Also, please forward a copy of the stipulation of value. Sincerely,` James R. Lewis _Affiliated Real Estate Tax Consultants Post Office Box 3026 Network Affiliate Evergreen, Colorado 80439-3026 Saving property taxes (303) 670-1800 coast to coast since 1975 June 28th, 1990 Weld County Board of Equalization 915 10th St. Greeley, Co. 80631 Re: 3966 Highway 119 Sched: 131310100006 REQUEST FOR REVIEW OF VALUATION Subject property is a service garage with 6 bays . Building is 5760 s/f, built in 1979. Land is 217,800 s/f. This property has a severe locational obsolescence problem. Access to the property is virtually blocked by the surrounding development. Efforts to rent or lease the property have resulted in 2 different businesses located on the property going bankrupt, as a result of the access problem with the property. The property has produced no income in some time and has, in fact, been vacant for the past 2 years. Additionally, the land is located adjacent to a flood plain area, and is subject to flooding problems and water damage to the improvements . This makes the property even less desirable to a prospective tenant. From an income approach: Assume market rent of $3 per s/f = $ 17,280 potential gross income Expense factor of 25% ($ 4,320) Net income $ 12,960 Using a cap rate of 118, a value of $117,818 is derived for the subject property. Affiliated Real Estate Tax Consultants Post Office Box 3026 Network Affiliate Evergreen, Colorado 80439-3026 Saving property taxes (303) 670-1800 coast to coast since 1975 June 30th , 1990 Weld County Board of Equalization 915 10th St. Greeley, Co. 80631 Re: 3966 Highway 119 Sched: 131310100006 We respectfully request that the Board of Equalization not schedule the following dates due to prior hearing commitments: July 3rd July 5th July 6th July 10th July 25th August 9th Also, pursuant to: 39-8-107 Hearings m appeal . (3) The assessor, upon request, shall make available to the taxpayer two working days prior to any hearing, all data supporting the assessor 's valuation. (4) The assessor may not rely on any confidential information which is not available for review by the taxpayer, unless such confidential data is presented in such a manner that the source cannot be identified. Please consider this a request for documents used to value this property two days prior to the hearing. AFFILIATED REAL ESTATE TAX CONSULTANTS, INC. P. O. BOX 3026 EVERGREEN, COLORADO 80439 (303) -670-1800 AGENCY AGREEMENT Property owner/Lessee Mustard & Associates Property Address 3966 Highway 119 County Weld County Schedule 5587986 I/We, Mustard & Associates agree with "Affiliated" that for the real estate assessment year 1990, in Weld County, as to the property referred to above, that "Affiliated" is hereby engaged and authorized to act as agent and consultant for the undersigned, in preparation of a real estate asssessment appeal of the undersigned to the Assessor, Board of Equalization, as well as to the State Board of Assessment Appeals . The undersigned authorizes "Affiliated" to obtain an appraisal or appraisals of Market Value for the property referred to above, for the year stated as the tax year in question. Unless otherwise indicated, the cost of this appraisal will be paid for by "Affiliated" . The undersigned further authorizes "Affiliated" , as agent of the undersigned, to execute and cause to be filed on behalf of the undersigned, in the name of the undersigned, any and all documents relating to an appeal of the said assessments , for the assessment year 1990 . If the services of an attorney- at- law are required, in connection with any appeal referred to herein, the undersigned will choose and engage such attorney at the cost of the undersigned; in which event, "Affiliated" will co-operate with said attorney in the furtherance of such appeal . "Affiliated" does not perform the duties or functions of an attorney- at- law. Any fees payable to "Affiliated" for its services are separate and distinct from any fees payable by the undersigned to any attorney at law engaged by the undersigned. A ^ d w% � � • S -� - 63 ?Ay C- � Owned' gent/Lessee Phone Date Approv d: AFFILIATED 'REAL TAX CONSULTANTS, INC. By: _Affiliated • Real Estate Tax Consultants c. ,e: e Post Office Box 3026 n nt! rt, £v Network Affiliate Evergreen, Colorado 80439-3026 F_n Saving property taxes (303) 670-1800 CLE v coast to coast since 1975 TOTNr. 0 , June 30th , 1990 Weld County Board of Equalization 915 10th St. Greeley, Co. 80631 Re: 3966 Highway 119 Sched: 131310100006 We respectfully request that the Board of Equalization not schedule the following dates due to prior hearing commitments : July 3rd July 5th July 6th July 10th July 25th August 9th Also, pursuant to: 39-8-107 Bearings ,g1 appeal . (3) The assessor, upon request, shall make available to the taxpayer two working days prior to any hearing, all data supporting the assessor 's valuation. (4) The assessor may not rely on any confidential information which is not available for review by the taxpayer, unless such confidential data is presented in such a manner that the source cannot be identified. Please consider this a request for documents used to value this property two days prior to the hearing. Hello