HomeMy WebLinkAbout951558.tiffRESOLUTION
RE: THE BOARD OF EQUALIZATION, 1995, WELD COUNTY, COLORADO
PETITION OF:
GREELEY NATIONAL BANK THE
P O BOX 1098
GREELEY, CO 80632
DESCRIPTION OF PROPERTY: PIN: R 2808386 PARCEL: 096105310029 - GR 4792 L9 &
10 N2 L11 & 12 ALL L13 THRU 20 BLK37 ALSO S2 VACATED ALLEY ADJ L13 THRU 19 EXC
E5' OF ALLEY ADJ L19 ALSO EXC W8.65' OF S2 L13
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 1995, 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 1995, claiming that the property described in such petition was assessed too
high, as more specifically stated in said petition, and
WHEREAS, said petitioner being represented by Jeffrey Monroe, Tax Profile Services, 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.
The assessment and valuation of the Weld County Assessor shall be, and hereby is, affirmed as
follows:
951558
AS0032
DC'. A`); /iii/AL, (O,9e-71)
RE: BOE - GREELEY NATIONAL BANK THE
Page 2
ORIGINAL
Land $ 212,512
Improvements OR
Personal Property 39.846
TOTAL ACTUAL VALUE $ 252.358
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. (Section 39-8-108(10), 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. (Section 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. (Section 39-8-108.5, CRS)
951558
AS0032
RE: BOE - GREELEY NATIONAL BANK THE
Page 3
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 CBOE are entitled to
participate. The hearings are informal. The arbitrator has the authority 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 $150.00 per case. The arbitrator's fees and expenses,
not including counsel fees, are to be paid as provided in the decision.
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 3rd day of August, A.D., 1995.
BOARD OF COUNTY COMMISSIONERS
D COUNTY, COJcORADO,
ATTEST:
4iLaL
Weld County CJex',k to the
Board
BY frill -
Deputy Cllerk to ttt$ board
APPROVED AS TO FORM:
OA ivi
Dale K. Hall, Chairman
EXCI ISFn
Barba r . Kirkmeye�ro-Te m�L�r�*
George .:axter
Constance L. Harbert
ARSTAINFf
W. H. Webster
951558
AS0032
BOE DECISION SHEET
PIN #: R 2808386 PARCEL #: 096105310029
GREELEY NATIONAL BANK THE
P O BOX 1098
GREELEY, CO 80632
HEARING DATE: duly -277T995 TIME: 11:30 A.M.
HEARING ATTENDED? ON) NAME ilteiy =1(
AGENT NAME: TAX PROFILE SERVICES INC
APPRAISER NAME
DECISION:
DECREASE IN VALUATION
INCREASE IN VALUATION
NO CHANGE IN VALUATION
ASSESSMENT RATIO
ACTUAL VALUATION
ORIGINAL SET BY BOARD
Land $ 212,17 $ &)-Q O -7O -
Improvements OR
Personal Property
'a$4A
Total Actual Value $ 252.358
9, g2/6,
$ �� 3
COMMENTS: MOTION BY C' 11 TO `)o_H (
g're;gg6
R g/be26
�3e>)9tf��
JQ3s5'il/S'b
SECONDED BY
Failed to prove appropriate value
No comparables given
Other:
Baxter -- )
Hall -- _ '3N)
Harbert --/N)
Kirkmeyer--f�`/N '��/
Webster---(Y1htja
RESOLUTION NO._ 951568
VIiDc
July 10, 1995
GREELEY NATIONAL BANK THE
P O BOX 1098
GREELEY, CO 80632
CLERK TO THE BOARD
PHONE (303) 356-4000 EXT.4218
FAX: (303) 352-0242
915 10TH STREET
P.O. BOX 758
GREELEY, COLORADO 80632
Parcel No.: 096105310029 PIN No.: R 2808386
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of Thursday, July 27, 1995, at or about the
hour of 11:30 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 10, 1995, and
mailed to you on or before August 16, 1995.
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.
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.
GREELEY NATIONAL BANK THE - R 2808386
Page 2
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
Donald D. Warden,
Clerk to the Board
BY: [2 Ic Q 1/0il
KimfuLY/L1;
e A. Schuett, Deputy
cc: Warren Lasell, Assessor
TAX PROFILE SERVICES INC
NOTICE OF DENIAL
14(X) NORTH 17th AVE.
GREELEY, COLORADO 80631
PHONE (970) 353-3845, EXT. 3656
C.
COLORADO
GR 4792 L9 4 10 N2 L11 74, 12 ALL L13 THRU 20 8LK37
ALSO S2 VACATED ALLEY ADJ L13 THRU 19 EXC E5* OF
ALLEY ADJ L19 ALSO EXC W8.65* OF S2 L13
OWNER GREELEY NATIONAL BANK THE
TAX PROFILE SERVICES INC
STEVEN D SCHLUCHTER
1401 BLAKE ST g201
DENVER
CO 80202
PARCEL 096105310029
PIN R 2808386
05/24/1995
YEAR
LOG
1995
02786
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 LAND, CAPITALIZED AT A RATE SET BY LAW•
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:
YOUR PROPERTY HAS BEEN UNIFORMLY VALUED FOLLOWING COLORADO LAW AND
INSTRUCTIONS PUBLISHED BY THE STATE DIVISION OF PROPERTY TAXATION.
YOUR PROTEST OF VALUE HAS BEEN DENIED DUE TO COMPARISON OF OTHER
SIMILAR PROPERTIES WHICH SOLD DURING THE 1993/1994 TIME PERIOD.
THIS COMPARISON SHOWS YOUR ACTUAL PROPERTY VALUE TO BE CORRECT FOR
THAT PERIOD.
PROPERTY CLASSIFICATION
LAND
I MPS
PETITIONER'S
ESTIMATE
OF VALUE
ASSESSOR'S VALUATION
ACTUAL VALUE
PRIOR TO REVIEW
2120512
390846
TOTALS $ $ 252,358$
ACTUAL VALUE
AFTER REVIEW
2120512
390846
2520358
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:
15 -OPT -AR
Form PR -207-87/94
WARREN L. LASELL
WELD COUNTY ASSESSOR
ADDITIONAL INFORMATION ON REVERSE SIDE
05/25/95
DATE
4 5r
YOU HAyL 1
d iii Eoua11La iori.'Nii'.
and UUri(tingai and nersor ai pro;
APPEAL PROCEDURES:
WELD CUUN1Y BOARD OF LOUALI AI iON
915 10th Street, P.O. Bur 758
Greeley, Culu:ado 60632
elephone (570) 35n-4000 i xt. 4225
NOT1FIG.AT ION OE HEARING:
'Mu Aid be notified of die time anti Nam,
BOUNTY BOARD OF EQUALIZATiON'S t ETERt'ENAf'NTH:
The County Board of Equalization moor i Tea .:
1avu. The Cr ont'y Board mum . o . i::d
':.5XPAYER,HIGHTS FOR FURTHER APPEALS:
,c r th to s eti ;v
ty boar' rrif F u<alization's
BAA a
tE C Nr:.. "h.. 109CAlin 1,
District Court:
9th Avenue and 9th Street, PO. Box C
Greeley. Colorado 80632
Telephone (970? 356-4000, Ext. 4520
Arbitration:
OUNTY BOARD OF EQUALIZATION
31 ; 10th Street PO- Bcix 75B'
Greeley.. Comrade 5015$'
mr t9 r 3 Su -4000 rd. 1225
If you do not receive a determination from the County H
Assessment Appeals by September 18.
TO PRESERVE YOUR APPEAL. RICH t ti. OU A fa .1 r OVE. YOU HAVE E FOES) t' TIMELY h r '
THEREFORE, WE RECOMMEND ALL C OFs3,E N..:araE v mE MAiot TVE is PE OF AT s
PETITION t':` Li L courni
V a s
you most the 'clr a;fpeal with the
P is 4 ccNtt defrep7f, ukfrvebr Sc.#tDutt -'
0 5-3 , ro 2 i 7c44. C fr ee It y /1/4--rs oetiosG 414M/ se ms -la
Dv' /Neat/ter ?sv 7W peopa76" v* ' ".
r
N'�t1Re-Uf tih r,1INph
/her Parr t4Sr5oZl'ce3
COUNTY BOARD OF EQUALIZATION
PETITION FOR REVIEW
-t r'
TO THE HONORABLE WELD COUNTY BOARD OF EQUALIZATION.:.
Petitioner, Bank One Corporation c/o Tax Profile Services Inc. (TPS Inc.) 1401 Blake Street
Suite 201, Denver, CO 80202, requests review of the County Assessor's Notices of
Determination for the Subject Property (described below) for tax year 1995. Copies of the
Notices of Determination for the Subject Property are attached and incorporated herein by
reference.
DESCRIPTION OF SUBJECT PROPERTY
Schedule Number : 096105310029
Location of Subject Property: Bank One Downtown Greeley
The subject property is referenced in the Statement of Agency, a copy of which is attached hereto
and incorporated herein by reference.
REPRESENTATION
Petitioner requests a hearing before the Board at which petitioner will be represented by the
following registered agent, Tax Profile Services Inc., or legal counsel. (303) 628-0405. (Please
contact petitioner if legal counsel is necessary at the Board of Equalization hearing).
CERTIFICATE OF SERVICE
I certify that I served a copy of this petition, with attachments on the County Assessor by
United States mail on this 2nd day of June, 1995
TA ROFILE SERVI S INC.
Steven D. Schluchter
1401 Blake Street, Suite 201
Denver CO 80202
Telephone (303) 628-0405
STATEMENT OF AGENCY
of Denver ) ss.
Property Owner, Banc One Colorado Corporation, hereby appoints Tax Profile Services,
Inc. (hereinafter "TPS"), as Property Owner's representative in connection with the
valuations for assessment of Property Owner's real and/or personal property which is
contained in Addendum A attached hereto, for each year 1995 through 1996, for taxes
payable the following year (hereinafter "Subject Property").
TPS shall have full authority to review all applicable records relating to the valuation for
assessment of the Subject Property; to negotiate the valuation for assessment of the
Subject Property with the County Assessor, with any representative of the Assessor's
office, or with the County, at an amount which TPS deems appropriate in the
circumstances; and to pursue any statutory remedies which Property Owner may possess
before the County Assessor, County Board of Equalization, County Board of
Commissioners, Board of Assessment Appeals, District Court, Appellate Courts, or in
binding arbitration in the Property Owner's name and in Property Owner's behalf.
This agreement shall remain in effect until revoked in writing by property owner.
Banc One Cg(oradCorporation
State of Colorado City and County
The foregoing agreement was acknowledged before me this 5th day of December
1994
by Ted R. Sikora
(if a natural person or persons, insert name(s); if by a person acting in a representative or
official capacity or as attorney -in -fact, insert the name and identify the capacity in which
it is executed; if by an officer of a corporation, insert the name of such officer and
identify the office.)
Witness my hand ,and official seal..
/ p
Notary Public
My commission expires: February 28, 1997
C
It
OOOE. HEARING
DATE:
TIME:
SUBJECT:
ADDRESS:
PIN#:
July 27, 1995
11:30 A.M.
GREELEY NATIONAL BANK (Parking Lot)
NORTHEAST CORNER OF 9 Ave. & 7' St.
2808386
SUBJECT PHOTOGRAPHS
Southeast view of Parking lot
looking north across 7th Street
COMPARABLE LAND SALES
SALE
NO.
GRANTOR/
GRANTEE
DATE OF
SALE
SALES
PRICE
CONTRIB
SALES
PRICE
AREA IN
SQ FEET
PRICE/
SQ FEET
ZONING
SUBJECT
53,128
C-4
I
EE KINDER CO/
HAGEMEISTER
03/07/94
85,000
95,994
28,500
3.37
C-4
2
DAVIS & DAVIS/
NORTH CENTRAL
FOOD
05/02/88
250,000
300,000
57,000
5.26
C-4
3
DAVIS ETAL/
BIG D PROPERTY
05/26/87
65,000
95,826
19,000
5.04
C-4
4
GREELEY URBAN
RENEWAL/
COLSON CONST
01/28/86
250,000
76,000
3.29
C-4
1. Special Assessment $10,993.88
2. Demolition and fill cost $50,000
3. Demolition cost $18,000 and Special Assessment $12,826
J \MPFILES\COMMERCL\PROTESTS \EANK9&7
it
a
Cache
19
t16
17t 2O'S.
Location Map
n Lord
St a
C St
26 a 2
2rnd
c3rd
z
L
— 24 h t St
a -
U 25 h
28th St R
29'h St el
0
m
a
30th r
St Rd r.
29th S
16th
1 9 -1
St RCS
20th
26th St
28th St
St
LAND VALUE ESTIMATE
Based on the four sales the following information is known:
Range of sales 3.29 - 5.26
Avg sales price P.S.F 4.24
Weighted sale price 4.11
Since Sale 1 is the newest sale and Sale 2 is the closest in size,
location, and visibility to the subject we are using an average of
both sales to establish a value.
Sale 1
Sale 2
3.37
5.26
8.63 / 2 = 4.31
Using this data we believe the Assessor has correctly valued the
property at $4.00 per square foot.
53,128 sq. ft.
x $4.00
$212,512
The comparable sales used in the study were all vacant land sales
with no on -site improvements such as the subject's asphalt. Due to
this the value of the asphalt could not be derived from the market
and has been estimated on a Cost Basis then added to the subject's
land value for a total Market Value.
MISCELLANEOUS IMPROVEMENT
(Based on cost from Marshall & Swift)
Item Square Foot
Asphalt 53,128
Less Accrued Depreciation
(Depr. estimated from
physical inspection)
Computed Assessor
Base Cost Total Value
1.16 $61,628
Replacement cost new
less depreciation
Plus land value (from market)
Total value of land and miscellaneous Improvements
J\WPFILEs\COMMERCL\PROTESTS\BANK95.7
35% 21,570
40,058 39,846
212,512 212,512
252,570 252,358
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