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HomeMy WebLinkAbout991971.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1999, WELD COUNTY, COLORADO - ADJUST VALUE IN PART PETITION OF: NATIONAL HOG FARMS INC 25000 WCR 69 KERSEY, CO 80644 DESCRIPTION OF PROPERTY: ACCOUNT #: R0053590 PARCEL #: 096526000002 - IMPS ONLY ON ALL 26 5 63 (LAND OWNER STATE OF COLO #7507) WHEREAS, the Board of County Commissioners of Weld County, Colorado, convened 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 1999, 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 1999, 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 Bill Haw and Steven Katz, and WHEREAS, the Board has made its findings on the evidence, testimony and remonstrances anc 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 supported, in part, the value placed upon the property by the petitioner. The assessment and valuation of the Weld County Assessor shall be, and hereby is, adjusted as follows: ACTUAL VALUE AS DETERMINED ADJUSTED BY ASSESSOR ACTUAL VALUE Land $ 0 $ 0 Improvements OR Personal Property 7 770,677 6,989,630 TOTAL ACTUAL VALUE $ 7,770,677 $ 6,989,630 / 991971 Ic iL , ,1`' AS0043 fi 'i .. RE: BOE - NATIONAL HOG FARMS INC Page 2 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; however, said appeal must be filed within thirty (30) days of this resolution: 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) 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. 991971 AS0043 RE: BOE - NATIONAL HOG FARMS INC Page 3 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 vole on the 4th day of August, A.D., 1999. BOARD OF COUNTY COMMISSIONERS / :Lott COUNTY CO RADO ATT: : .i" Dale K. Hall, Chair fit Board EXCUSED ter! Barbara J. Kirkmeyer, Pro-Tem BY: a Board -_ -e f . 5 George . xter APPROVED AS TC) FORM: M. J. eile A s stant r�,unty Attorney U �1✓p �y 4;69te�\ Glenn Vaad 991971 AS0043 JUL 12 '99 09:36 FPOM WELD CO TREASURER TO 1022219138972974 PAGE.002'003 NOTICE OF ADJUSTMENT OFFICE OF COUNTY ASSESSOR ��r/'4 NORTH 17th AVE. i `(/ IMPS ONLY ON ALL 26 5 63 (LANE 1400 NORTH,CO 8001 OWNER STATE OF COLD #7507) PHONE(970)353.3845,EXT.3650 COLOR OWNER: NATIONAL HOG FARMS INC PROPERTY TAX ADVISORY GtAUP INC LOG 2694 12900 METCALF AVE SUITE 201 PARCEL 096526000002 ACCOUNT R0053590 OVERLAND PART:, IS 66211 YEAR 1999 Owner: NATIONAL, HOG TEEMS INC 06/30/1999 The appnised 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)• AGRICULTURAL LAND VALUE IS DETERMINED 60LEY BY TILE EARNING OR PRODUCTIVE CAPACITY OF THE LAND, CAPITALIZED AT A RATE SET BY LAW. COMMERCIAL PROPERTY IS VALUED BY CONSIDERING VIE COST, MARRPT, AND INCOME APPRtW't1rS. If your concern is the amount of yew 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 Fisting of these districts,and plan to stand these budget hearings. The Assessor has carefully studied all available information,giving particular attention to the specifics included on your protest.and has determined the valuation(s)assigned to your property- The reasons for this cleteMshistiOn of value arc; S WE HAD CED on IT, WI MADE AN AUJUSTttENP TNI5 REVIEW OF OUR WASPROPERTY ME)DONE BECAUSE OF ADDITIONAL INFORMATION OBTAINED BY US. AG LAND VALVE IS BASED ON PRODUCTION CAPABILITIES OF SOIL TYPES AS INDICATED AY SOIL CONSERVATION SERVICE AND IS NOT RELATED TO MARKET VALUE. INCREASE OR DECREASE IS REFLECTIVE or INCREASE OR DECREASE IN COUNTY AVERAGE PRODUCTION OVER 10 YEAR PERIOD OF TIME. • PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL PRIOR TO REVIEW AFTER REVIEW 0 0 LAND 8000832 7770677 IMPS TOTALS S S 8000832 S 7770677 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- 1060xa),CRS. Please see the back of this form for detailed information on filing your appeal. 06/30/1999 BY: Sjpnley F.Sessions DATE WELD COUNTY ASSESSOR 15-DPI-AR Form PR-207.87x99 ADDITIONAL INFORMATION ON REVERSE SIDE „..../1/717/7-1 '/i3/9q Stanley F. Sessions WELD COUNTY ASSESSOR CHRISTOPHER WOODRUFF, DEPUTY ASSESSOR APPRAISAL REPORT OF COMMERCIAL PROPERTY FOR County Board of Equalization NATIONAL HOG FARMS INC PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 0965-26-0-00-002 Schedule Number: R0053590 Log Number: 2688-2696 Date: 08/02/99 Time: 3:30 pm Board: CBOE PREPARED BY APPRAISERS NAME e4.042, cfre. r/023/e Signature Date Signature Date ASSESSOR'S OFFICE STAFF APPRAISER CBOE_COMM_010998 Page 1 SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value as of 1/1/99 based on an appraisal date of 6/30/98. Property Rights Appraised Unencumbered fee simple interest. Location 25000 69 CR / 8 MILES EAST OF KERSEY, CO WELD Land Area 4,459 ACRES Zoning AG BUSINESS / COMMERCIAL Property Type Commercial 192 HOG BARNS, 1-ISOLATION BLDG 2- SERVICE GARAGES, 1- OFFICE 1- GRAIN ELEVATOR, 1- WATER TANK, 32 MISC BLDG'S 22- SINGLE FAMILY DWELLING Year Built 1989 Year Remodeled 0 Quality GOOD HOG BARNS Class Wood Frame Number of Stories 1 Improvement Sq. Ft. 1,518,330 OF HOG FACILITY BLDG'S PLUS 32 MISC BLDG'S Basement Unfinished Sq. Ft. Basement Finished Sq. Ft. Mezzanine: Value Indications: Land $510,364 Cost Approach $21,342,811 Market Approach N/A Income Approach N/A Reconciled N/A Final Value $21 ,342,811 CBOE COMM_010990 2. Page 2 A t __B C D E F G - H 1 1 CCUI'ANCY NO. OF UNITS SQ. FT. YR BLT HEAT/COOL VALUE VALUE 'SF TOTAL VALUE 2 _ 3 LAND TYPE ACRES PER AC VALUE 4 AG AV 460 131.62 _ _ 60,545.20 5 AG CVI 2,536.18 20.33 51,560.54 . 6 AG CIV,AIV,BIV 277.89 239.15 66,457.39 7 AG CII 207.19 551.38 114,240.42 8 AG CVII 198 6.58 1,302.84 9 AG DV 14 35.31 494.34 10 AG DVI 51.66 14.6 _ 754.24 - 11 AG BII 6 551.38 3,308.28 12 AG EVIII 315.88 5.82 1,838.42 13 AG EVII 5.7 5.82 33.17, 14 AG BI 133.4 648 86,443.20 15 AG AIII 14.2 386.92 5,494 _ 16 AG All 55.9 551.38 30,822 -- 17 COMMERCIAL 183 500 91,500 - 18 TOTAL LAND 4,403.1 $514,7941 $514,794 19 _ - 20 IMPROVEMENTS 21 HOG BARN 120 7,260 1989 SPACE $88,918 $12.24 $10,639,934 22 HOG BARN 12 15,150 1989 SPACE/EVAP i $190,738 $12.59 $2,288,856' 23 HOG BARN 12 12,156 1989 SPACE $147,790 $12.16 $1,758,706 24 HOG BARN 12 7,056 1989 SPACE/EVAP $83,331 $1,1.81 $999,972 25 HOG BARN 12 _ 6,860 _1989 SPACE/EVAP ' $85,499 $12.46 $1,025,988 26 HOG BARN 12 5,364 1989 SPACE/EVAP $71,906 $13.41 $862,872 27 HOG BARN 12 4,118 _ 1989 SPACE/EVAP $57,496 $13.96 $689,952 28 TOTALS 192 _ 1,479,648 $12.35 $18,266,280 29 30 ISOLATION BLDG 1 2,016 1992 SPACE/EVAP , $30,698 $15.23 $30,698 31 _ ' 32 SERVICE GARAGE 1 2,000 1989 SPACE i $39,254 $19.63 $39,254 33 SERVICE GARAGE 1 10,000 1989 SPACE $172,670 $17.27 $172,670 34 35 OFFICE BLDG 1 3,200 1989 PKAGE AIR $131,324 $41.04 $131,324 36 37 GRAIN ELEVATOR 1 295,700 BU 1989 NONE $868,057 $2.94 $868,057 38 39 WATER TANK 1 00 •- NONE $129,158 .31 gal $129,158 40 41 RESIDENCES 42 SFD/BI-LEVEL 12 800/800 1989 FORCED AIR $56,830 $71.04 $681,960' 43 SFD/RANCH 1 _ 1,072 1940 FORCED AIR $26,504 $24.72 $26,504 44 SFD/BI-LEVEL 1 _ 950/950 1968 FORCED AIR $37,496 $39.47 $37,496 45 SFD/RANCH 1 1,378 1968 FORCED AIR $62,006 $45.00 $62,006 46 SFD/RANCH 1 1,827 1960 FORCED AIR $93,726 $51.30 $93,726 47 SFD/RANCH 1 907 1879 I FORCED AIR $34,807 $38.38'1 $34,807 48 SFD/RANCH 1 1,088 1909 FORCED AIR $47,948 $44.07 $47,948 49 SFD/RANCH 1 792 1914 FORCED AIR $31,326 $39.55 $31,326'1 50 SFD/1 1/2 STORY 1 2,112 1914 FORCED AIR $15,785 $7.47 $15,785 51 SFD/RANCH 1 856 1940 FORCED AIR $35,100 $41.00 $35,100 52 SFD/RANCH 1 884 1946 FORCED AIR L $52,944 $59.89, $52,944 53 22 21,466 $52.16' $1,119,6021 54 i 55 OUTBLDG'S/MISC. 32 VARIOUS NONE VARIOUS VARIOUS $70,974 56 - $20,828,017 57 TOTAL IMPS 58 59 _ ' 60 TOTAL VALUE I i $21,342,811 61 - 62 _ A A - H 63 64 65 66 ASSESSOR'S PROTEST -- 67 HISTORY68 - 69 PIN NUMBERS 1999 NOV 1999 NOD CHANGE 70 #0053590 $8,000,832 - $7,770,677 - $230,155) 71 #4195886 $4,774,912 - $4,644,169 - $130,743) 72 #4195986 $4,758,626 - $4,623,449 - $135,177) 73 #4184286 $2,111,139 - $1,658,407 - $452,732). 74 #0129789 $902,949 - $752,858 - $150,091) 75 #0128689 $469,293 - $403,764 - $65,529) 76 #0128389 $242,627 - $233,197- $ ,430) 77 #4183486 $145,306- $115,699 - $29,607) 78 #4193086 $1,827,168 $1,140,591 - $686,577) 79 TOTAL $23,232,852- $21,342,811 - $1,890,041) 80 1 I 82 83 CURRENT VALUES 84 FOR 1999 PIN NUMBERS VALUES 86 #0053590 $7,770,677 87 #4195886 $4,644,169 -- - 88 #4195986 $4,623,449 89 #4184286 $1,658,407 90 #0129789 $752,858 91 #0128689 $403,764 92 #0128389 $233,197 93 #4183486 $115,699 I 94 #4193086 $1,140,591 _ 95 TOTAL $21,342,811 -- G — LaNP,- U PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE,ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: HOG BARN AVERAGE RAGESTORY HEIGHT 7 FLOOR AREA (SQ. FT.) 7,260 EFFECTIVE AGE 1989 CLASS: D COST RANK GOOD COST AS OF: 06/30/98 HEATING AND COOLING SPACE HEAT OTHER FEATURES RIDGE VENTS UNITS COST TOTAL BASIC STRUCTURE COST 7,260 $19.03 $138,158 14' RIDGE VENTS 165 $50.75 $8,374 SPACE HEAT 7,260 $0.91 $6,607 $153,138 RCN LESS DEPRECIATION $38,285 PHYSICAL AND FUNCTIONAL 0.25 ECONOMIC 0.17 $26,033 $88,918 DEPRECIATED COST DEPR COST PER SQ FT $12.25 WELD CTYASSESSER'S VALUE $12.25 5 . • . . . . . . . . n . 0 cz. . . is : : Vii: 1 5 C-/� 1'- 1 . 7i .w . . . . . . . . . .I2 . . . . . . -cm) .9nri. . carn I j i , • UQQ � ei C .. KA i t' �N 14 , j' :g. .a. . . . . a. ail 1 1. 4 fi 7 .-;___i cn T •: i . . 2 z . .p �' . . . . . . . . . . . .I. . . . . . . . . . . . . . . . . . . . . S .1 .µ . . J . 7. rl R-' "1}L9 . : . . . : . . : . . . '4 J -3 37 - r3 : : : : :q : . : : : : : : : : : : : : : .f o iil ° �' as .Ail . . : . . . . . . . . . . . . . . :./i .(5. f (22).z. 6, 5 :e4 Vs. . . . r . . . . . . : . . . . . . . . . . . . . 3 .A. .� V: n — . W o- . .. a, -1 al f 4. .o. 3 t v Li,je. 2:1- PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: HOG BARN AVERAGE RY HEIGHT 1 7 FLOOR AREA (SQ. FT.) 15,150 EFFECTIVE AGE 89 CLASS: D COST RANK GOOD COST AS OF: 06/30/98 HEATING AND COOLING SPACE HEAT/ EVAP OTHER FEATURES RIDGE VENTS UNITS COST TOTAL BASIC STRUCTURE COST 15,150 $19.03 $288,305 18' EXH FANS 30 $390.00 $11,700 SPACE HEAT 15,150 $0.91 $13,787 OFFICE FINISH 1,000 $15.00 $15,000 $328,791 RCN LESS DEPRECIATION $82 198 PHYSICAL AND FUNCTIONAL 0.25 ECONOMIC 0.17 $55,894 $190,699 DEPRECIATED COST DEPR COST PER SQ FT $12.59 WELD CTYASSESSER'S VALUE $12.59 7 • f i : : : : : : 1: : : : : : : : : : : : : : : : : : : : : : : : : : : : .. : : : : : : : : : : .. : : : . . . . . . . . : : . I . . . . . . . . . . . . . . . . . : 1 . . . . . . . . . . . . . . . . . . . . . : a a- uk 0 sort P ' . . . . . . . . . v .a .sn . . . . .• Z. o .� , . . . . . . 43 � . . • . . . . . --% 1 Le rAti j . . . . . . . . . . . . . . . . . . . . . T. : . . . . . . . i �. - ar a. r .44 uf• d p. . tr• 0. . . .,. . . . . . . . F-. .�s; . . . . . . . . . . . . . . . . . . . a .�. 9 : : 7• : : �f. . . . • : 0' • •• = H S1:J c2j . . . . . . . . . . . . .� IA :a ' . . . . . . . . . . . . . . . - YI k.eitD • NIf° :— . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : • . . . . . . . -Fr . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . O 41 d . • . . . . 1 : ': • I . .1.1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - . . . . . . . . . . . . . . . 2 0 csl • sta .aro il . . . . . . . . . . . 1 . . . . . . . . . . . . . . c� '2 74 .. . . 1 . . . . . . . . . . . .y . . . . . . . . . . • . . • . . . . . . . • . • • - J f • • .J. . - . W • -J 3 9 LtNz- Lam$ PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: HOG BARN AVERAGE STORY HEIGHT 7 FLOOR AREA (SQ. FT.) 12,156 EFFECTIVE AGE 1989 CLASS: D COST RANK GOOD COST AS OF: 06/30/98 HEATING AND COOLING SPACE OTHER FEATURES RIDGE VENTS UNITS COST TOTAL BASIC STRUCTURE COST 12,156 $19.03 $231,329 14" RIDGE VENTS 296 $50.75 $15,022 SPACE HEAT 12,156 $0.91 $11,062 $0 OFFICE FINISH $257,413 RCN LESS DEPRECIATION $64,353 PHYSICAL AND FUNCTIONAL 0.25 ECONOMIC 0A7 $43,760 $149,299 DEPRECIATED COST $12.28 DEPR COST PER SQ FT WELD CTYASSESSER'S VALUE $12.16 -- 9 cr. . . . . . • . . : : . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . : : . i : . . . . . . . . . . . . . . . . . . i kJ .p[ . I-7- 2 I— A W ce . e • *kIf 1 f 9 7 N .,.•,I il c.9 F . '.. d , fit. . : • .d, . . . . . . . . . ot a. 2 .t m I • - • }-- i t ..,,z' ril" 4 c.) . ..2. i d-• -r ro N( . . . . , . . . .9 . . . . . . . . . . . . . . . . . . . . . . • , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -9- w CC T r J L.INt Z1A PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: HOG BARN AVERAGE STORY HEIGHT 7 FLOOR AREA (SQ. FT.) 7,056 EFFECTIVE AGE 1989 CLASS: D COST RANK GOOD COST AS OF: 06/30/98 HEATING AND COOLING SPACE / EVAP COOLING OTHER FEATURES EXH FANS, FLOOR HEAT UNITS COST TOTAL BASIC STRUCTURE COST 7,0561 3 $227.00 $19.03 $13,276 18" & 8" EXH FANS 1 SPACE HEAT 7,056 $0.91 $6,421 OFFICE FINISH $0 RCN $143,648 LESS DEPRECIATION $35,912 PHYSICAL AND FUNCTIONAL 0.25 ECONOMIC 0.17 $24,420 DEPRECIATED COST $83,316 DEPR COST PER SQ FT $11.81 WELD CTYASSESSER'S VALUE $11.81 1I -2 S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .g P . . . . 4. W. . . . . : . . . . . . . . .�. 3 LL i _ r O . . . . . . . . . . . . . . . . . . . . . . . . .;. . . . . I-- .• . . . . . . . . . . . . . . . . . . . . . . . : : . : : . : : : : : : : : : .d : : . : °•� TO • vim.y . • - W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J e I a id • .0 10 O7 6 O .L' • ti . 5 x nt V a1 .H 4 ot A r r z il, n0 3 .a1- Y �rt ¢ ' : : : : :3 0 1 s . a :1} : . . . . :d Z •e 1 p roy � j u a .� 7 & m " J 2 o ' •4 U • • • • fi H . . . � W06 4' 0. y- 2 • g 17 Q . . ok 3 . . . ( 3 a . .o fp. .a) 40• • •t , 7 � :r• vi S g � , : : �—: : : : : : a : : : : : : . : : : : : : : : : : : . : :r.• 0 1 • . . 3. E ' 1., s .8 ,, . • . . . . . . . . . � 11 . : : : : : : : : : : : : . : : : : : : : . . . . : . . . . . . . . . . c-10cro- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J V LINe IS PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: HOG BARN AVERAGE STORY HEIGHT 7 FLOOR AREA (SQ. FT.) 6,860 EFFECTIVE AGE 1989 CLASS: D COST RANK GOOD COST AS OF: 06/30/98 HEATING AND COOLING SPACE / EVAP COOLING OTHER FEATURES EXH FANS / FLOOR HEAT UNITS COST TOTAL BASIC STRUCTURE COST 6,860 $19.03 $130,546 18" EXH FANS 12 $227.00 $2,724 SPACE HEAT 6,860 $0.91 $6,243 EVAP COOLING 5 $500.00 $2,500 GENERATOR SHED 140 $38.57 $5,400 $147,412 RCN LESS DEPRECIATION $36,853 PHYSICAL AND FUNCTIONAL 0.25 $25,060 ECONOMIC 0.17 DEPRECIATED COST $85,499 DEPR COST PER SQ FT $12.46 WELD CTYASSESSER'S VALUE $12.46 13 - v 2 . a ] O _ d x . : a . 0 or 0 : : d. . . . �. w' N . . . a . . - C. 7 z n a 0. y . Q �: ;a a z yp G: v7 0 , Ll w: ty y • 0 J: iii-- � N•s cep: W. y z J f J G v Di. l 1 r 3 7 3 `k{ Y1 A: i . . : : X 1r r, _, rise _b PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: HOG BARN AVERAGE STORY HEIGHT 7 FLOOR AREA (SQ. FT.) 5,364 EFFECTIVE AGE 1989 CLASS: D COST RANK GOOD COST AS OF: 06/30/98 HEATING AND COOLING SPACE / EVAP COOLING OTHER FEATURES EXH FANS / FLOOR HEAT UNITS COST TOTAL BASIC STRUCTURE COST 5,364 $19.03 $102,077 18" & 8" EXH FANS 16 $390.00 $6,240 SPACE HEAT 5,364 $0.91 $4,881 EVAP COOLING 6 $500.00 $3,000 FLOOR HEAT 5,364 $1.45 $7,778 $123,976 RCN LESS DEPRECIATION $30,994 PHYSICAL AND FUNCTIONAL 0.25 $21,076 0 ECONOMIC 0.17 DEPRECIATED COST $71,906 DEPR COST PER SQ FT $13.41 WELD CTY ASSESSER'S VALUE $13.41 15 t cr la • . . . . • . . . . • . . . . . • • . . . . . - . . . . . . . . • .CD. 171{'.0;1 t9 qq u) 0 • . . • ..J .p. . . . _ . - d ,II nl Z .cy . .c . . . .g 1 . . .� .- . . .v1. . . . . . . . . kl 10 VI 2 i ...1 - Ih,1 . . . . . . . . . . i. .\9 `4 J. s t. . . .y1• , . . . . . . . . . . • • s.t w a . 0 —• . i W. . : . . . • . . . . . . . . . . . : . . . . . . . . . . . . � . . . . . . . .•. .. .I. � . . . . . . . PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: HOG BARN AVERAGE STORY HEIGHT 7 FLOOR AREA (SQ. FT.) 4,118 EFFECTIVE AGE 1989 CLASS: D COST RANK GOOD COST AS OF: 06/30/98 HEATING AND COOLING SPACE / EVAP COOLING OTHER FEATURES EXH FANS / FLOOR HEAT UNITS COST TOTAL BASIC STRUCTURE COST 4,118 $19.03 $78,366 18" EXH FANS 16 $390.00 $6,240 SPACE HEAT 4,118 $0.91 $3,747 EVAP COOLING 6 $500.00 $3,000 FLOOR HEAT 4,118 $1.45 $5,971 RCN $97,324 LESS DEPRECIATION PHYSICAL AND FUNCTIONAL 0.25 $24,331 ECONOMIC 0.17 $16,545 DEPRECIATED COST $56,448 DEPR COST PER SQ FT $13.71 WELD CTYASSF_SSER'S VALUE $13.96 17 7 rJ . •I p... v. . . . . . . . . . . . . . . . . . . . . . . . . . . • • . . • • . • . . . . . . . . . . . . .yy� . . . . . . _ w / r- fS :-<\\\\\\ . . ...,1 l..- el 00 ofla t-ileil 'T° .2 '' k1. 1$ 34 . ' . . . -a : : . . . . . . . . . . . . .to.r..-::. . . . . . . . . . . . . . 5. 'a a . . . . . . . . . . . . . . . . . 0 '°a} . : : . ^. . . .d/',. d. �C. . •b .�'' a: : : . . .0 .0. .c;, . .� .( .`� 0. O. to - 5s. .A . . s. b D• a 1 li F C u.). .. y• N ul' til • 1. li q . - 7 • . • • - . . . . . . • •101 . ' 'fl.co. . . . . . 1 . . . . . —• :is ... :.. . . . . . . . . . . . . . . . . . . . . . . . d. v �i _ . .. 6} tr e tic Iii . . . . .r . . - . . .S-• ..!. ._ to fl- i4 . . 9`. . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o r 4 A i .: . : . , : : . . . : . : : : : : : : : : . : : : ' . . . . . : . . . : : . : . : : : . : . : : . : : : : . : . : : : . . . . . . . . � . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . la!. 8 0 L-J,.t 3O PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: ISOLATION BLDG AVERAGE STORY HEIGHT 7 FLOOR AREA (SQ. FT.) 2,016 EFFECTIVE AGE 1992 CLASS: D COST RANK GOOD COST AS OF: 06/30/98 HEATING AND COOLING SPACE / EVAP COOLING OTHER FEATURES EXH FANS / FLOOR HEAT UNITS COST TOTAL BASIC STRUCTURE COST 2,016 $19.03 $38,364 18" EXH FANS 8 $390.00 $3,120 SPACE HEAT 2,016 $0.91 $1,835 EVAP COOLING 3 $500.00 $1,500 FLOOR HEAT 2,016 $1.45 $2,923 RCN $47,742 LESS DEPRECIATION PHYSICAL AND FUNCTIONAL 0.16 $7,639 ECONOMIC 0.17 $8,116 DEPRECIATED COST $31,987 DEPR COST PER SQ FT $15.87 WELD CTY ASSESSER'S VALUE $15.23 19 PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: SERVICE GARAGE AVERAGE STORY HEIGHT 19 FLOOR AREA (SQ. FT.) 2,000 EFFECTIVE AGE 1992 CLASS: S COST RANK AVE COST AS OF: 06/30/98 HEATING AND COOLING SPACE HEAT OTHER FEATURES UNITS COST TOTAL BASIC STRUCTURE COST 2,000 $33.84 $67,680 $0 $0 $0 $0 RCN $67,680 LESS DEPRECIATION PHYSICAL AND FUNCTIONAL 0.25 $16,920 ECONOMIC 0.17 $11,506 DEPRECIATED COST $39,254 DEPR COST PER SQ FT $19.63 WELD CTYASSESSER'S VALUE $19.63 20 L�Ne_ 33 PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: SERVICE GARAGE AVERAGE STORY HEIGHT 12 FLOOR AREA (SQ. FT.) 10,000 EFFECTIVE AGE 1989 CLASS: S COST RANK AVE COST AS OF: 06/30/98 HEATING AND COOLING SPACE HEAT OTHER FEATURES UNITS COST TOTAL BASIC STRUCTURE COST 10,000 $29.75 $297,500 $0 $0 $0 $0 $297,500 RCN LESS DEPRECIATION $74,375 PHYSICAL AND FUNCTIONAL 0.25 $50,575 ECONOMIC 0.17 DEPRECIATED COST $172,550 DEPR COST PER SQ FT $17.27 WELD CTYASSESSER'S VALUE $17.27 21 . 7 : 1. . . . . . . . . .3 . . . .v. . �. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ( . o ;n.y�. -3 ` • • q • . , ."7.I.•f. J •z. 3 ti..,),. J O OVA S ce a •. . . . . . . . . . . • . . . . . ._r • • • • • • • • • • ...\---.........—• ilo--.------7- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o FA I D. �,' tt • fli: y � i 0 al I •71, i,dq • -3;t -3r. *. . . . . . .. . . . . . . . . . . . .t : � : . . . . . . . . . . . . . . ' : : : : . : : . . J. . . . . . ; . . . . . . . . . . . . . . . . . . . . • `a', .z • 1 •P i a g 0 \ LING 3S PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: OFFICE AVERAGE STORY HEIGHT 12 FLOOR AREA (SQ. FT.) 3,200 EFFECTIVE AGE 1992 CLASS: S COST RANK AVE COST AS OF: 06/30/98 HEATING AND COOLING PKAGE-AIR OTHER FEATURES UNITS COST TOTAL BASIC STRUCTURE COST 3,200 $50.47 $161,504 COOLING 3,200 $2.35 $7,520 60 TON SCALE (RCNLD) 1 $15,000.00 $15,000 $0 $0 RCN $184,024 LESS DEPRECIATION PHYSICAL AND FUNCTIONAL 0.08 $14,722 ECONOMIC 0.17 $31,284 DEPRECIATED COST $138,018 DEPR COST PER SQ FT $43.13 WELD CTY ASSESSER'S VALUE $41.04 23 . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . : : . r • p . . . . . . : : : . .�1 . : : . . : : : . . . . . : . . . . . . ... . . . . . :.. . . . . . . . . . . . . . . . • : . . . . . . . . . : . . . . . . 1 . . . . .14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..14c• 0 a u • • tJ . , . . • . . . i . • . j. . . .0 . . . , . . Q . a V. ac tom, e. 1/411 Cri x a s 4 c1 W' . . . - . - • . - . .o.. . . . . . . . . • . . . . • .}.. . . • . . . . . . . .�. . . . . . . . . . . . . . . . . . . . • . . .v •Y.j . • . -M . �; >L •• .. ¢ I q5 >t Z9 0. 4 0 ti rc► 74 vil- en w • . . �0 4.0. . . � . . . . . . . . . • . . . (r. , . . 'P vii, a�• � L t 0. I& C.. Iri.er . . . . . . . . . . . . . . . . • . . . . ¢• . . . : t J a a --- » . . . . . . . . . . .• • • • • • • • • • • • 1 I • . I. .3 . . . l. � a --, ..„.„,..-•I \ _ . ---(1"61.: : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .•_. 24 PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: GRAIN ELEVATOR AVERAGE STORY HEIGHT 12 FLOOR AREA (SQ. FT.) 295,700 BU EFFECTIVE AGE 1989 CLASS: C COST RANK AVE COST AS OF: 06/30/98 HEATING AND COOLING OTHER FEATURES UNITS COST TOTAL BASIC STRUCTURE COST 295,700 $3.68 $1,088,176 $0 $0 $0 $0 RCN $1,088,176 LESS DEPRECIATION 64,$325 PHYSICAL AND FUNCTIONAL 0.03 $1 2,64 0 ECONOMIC 0.17 DEPRECIATED COST $870,541 DEPR COST PER SQ FT $2.94 WELD CTY ASSESSER'S VALUE $2.94 25 o u. d re 7• N. . . . . . . . . . . • • • . . • . . • • • • . • • • • •.•( s,,.m ..'" • 4,•\ — — — — — . . . . ^I . . . . . . . . . . . . \\\• 1/4,,....,.. 4\CI`l . .I% . . _ r. . : . .. / . . , . . . • • . . • . . . 1.,• • . . . . . . . , . . . , . . . .,. . . . . . . ( N 2 00 \ -' 1 \ /I S "Tr I to (3.4 0 g a Y V • 4 i I DO01 �� I I r . - ��_� III II 9 diI n ci s4 rot I II I I Y 0 1Iii I o '1 11t 8 uG t_ of �? 9 S u l w a I III � I LL F.TrkY f V' � ii ii. I'4G O , m c t+ 'StY e+ 1 ��� r V - CC 0 0 V z t: p` S " Yt 1 O i1 i 1 ta K: Q m- -- -----1 Z CC �12 d x 0 r Ir a Z m � �I 0 ID z lc m i W z z I I a y J a I > lrt�.. .-.1 Io - I r 1 9 44 11 l 61 y � ' 1, ! I I z:, 0 �d a I w 0 49 0 `-'l • fI c6i 0 tN (II ' 1 : a Iit— 'J", ', ip % c cal `"` li �� 0 cm i °' Lei �w' W v / x � e, �P' I' s PARCEL NUMBER 0965-26-0-00-002 PROPERTY OWNER NATIONAL HOG FARMS ADRESS 25000 WCR 69 CITY, STATE, ZIP KERSEY, CO, 80644 DATE OF SURVEY 06/30/98 NUMBER OF STORIES 1 OCCUPANCY: WATER TANK AVERAGE STORY HEIGHT 40 FLOOR AREA (SQ. FT.) 414,500 GA EFFECTIVE AGE 1989 CLASS: S COST RANK AVE COST AS OF: 06/30/98 HEATING AND COOLING OTHER FEATURES UNITS COST TOTAL BASIC STRUCTURE COST 414,500 $0.39 $161,655 $0 $0 $0 $0 $161,655 RCN LESS DEPRECIATION $4,850 PHYSICAL AND FUNCTIONAL .03 ECONOMIC 0.17 $27,481 DEPRECIATED COST $129,324 DEPR COST PER SQ FT $0.31 WELD CTYASSESSER'S VALUE $0.31 28 y o : . . . . . . . . . . . . i F . zl . 0 . . LL ZI • U' .p . . . . . . . : . . . 3 ;Nrn . . : . . . u r J • ... W, ' ECONOMIC OBSOLESCENCE CALCULATION YR OF PRODUCTION 1998 1997 1996 1995 1994 1993 NO. OF PIGS SOLD 186,459 199,439 208,969 230,747 226,693 267,000 ACTUAL PLANT CAPACITY 299,520 TYPICAL % OF CAPACITY 85% TYPICAL PRODUCTION 254,592 LESS: SUBJECT 5 YR AVE (210,461) PIGS BELOW TYPICAL MKT 44,131 ECONOMIC OBSOLESCENCE 17% 1999 PROTEST SOURCES: BRAD HOFFMIESTER/APPR. LOGAN CTY 970-522-2797 DAVID BARTLETT-APPRAISER FARM CREDIT 308-632-4615 MIKE BANKS/LOAN OFFICER FARM CREDIT 970-352-1561 DARREL RENOLDS/APPRAISER FARM CREDIT 970-330-8914 BILL O'HARE/MANAGER SMITHFIELD HOG970-848-3242 DON JOHNSON APPRAISER 402-348-3410 CARRIE SHARPY APPRAISER YUMA CTY 970-332-3411 STEVE KATZ/AGENT PTAG 888-626-7824 ED SMITH/CONTROLLER NATL HOG FARM 816-221-4501 30 r r a- r r—. r...(V �' r r r r r N N r N N r r r C) 10 N H �. r M in co—co O 10 M a'- . 1 .. ____-_— .-•-rte—_. ' '— J J -1 N N N N ro on co o » W .w a 0. 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O (Co (.0 C0 0 I- N N 01 ;.. - V CD C(0 (D U) (0 8p O U) r_ O_ O_ O CD N) 0) CO ("•_�0 4 O O O O O O a )A 0 CD O O O Z lrTil 114 Y l . CI M f , I M w V) y4 tt yft ..`rW�M.. 1 3 A444.,-,4, .;.4,444(4,4,4=4,:„41-4.4444_44,-- f F ',4 „4-4441 -_,. y I , 1 14.M, Rp-0^f AI hf 4. vP CI [Y CC U 0 N. N • ' 1 I i N O • 5ti '' W W N = 0 0 = = 1#r !! i CA14d • �' r a r {' I ,. I yY �f'tx t.;.,,) :w air i n''�r F pfR aF�l i., ik.ru 4 �. rk eini t 5 f `, ,"� l'...),41'''[.'7' rs.. rn Lc cc u Fi '', P N VA' I w un S.: 1 = ° ,'141sa"Pi ± i k1 Sal: r + l f Y Y _,i 1 u_— pt a M I .--I 4 ai.�t, 4 Loo i N I w O • = O I 2 Ali I i . ,. ,. S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1IlIv p 1'P g.. ,` „ YL1 .,y n, rn on c {; . Ml R S- �• r 1 n f� N�h ,' ,b ' Lt . p N i � p N I d $ r.. M 1$ P kb s rigi u, r 3k {r �nx W l W N � d45 4 wrh O 2s 2 { fir s ^C Ph•I4 yb$�„iY5 R II •; t i .2.3 .ttJ6. =.max`i'�"' ,T It : — , . . . . . . 5 nq bI" Fv�Y.' k j l . l t• $t.. K w,' V ;. V 0 7 u'1 N I I ,p N 3k W W N N wP t I. F I o i J C, I W e w at D a J F Y 0 0 a O C J Q CI C Q_ ss L CI W ea 0 cc a — _. o 15 o o CC N 3 z ¢ 0 I m a I, a 1 j J —2 I I o. a o ce - W a 0 K 0 CO cc w I J - e i <— Z a`- I Q 3 I Et z a x g 5 _ al t a' z o o = o h 2 O CC o W 1 W �I CL to a • — I O Iy J Z 5 to z I o W J f r. CL 11 - I_. F• I It I I I! I �I . N it n. N W O I ai a u � z �� I - - i l w 1 I V o = r • = i rPx d E O -Z e w z w '-.. �',Y' • 1+' S a m p . > z o �O 3 vayy+,7E 6 ay k'+. y. '!:4: . � ' CONCLUSION Real property for tax year 1999 must be valued utilizing the level of value for the period of one and one-half years immediately prior to July 1 ,1998. Except that, if comparable valuation data is not available from such one-and one-half-year period to adequately determine the level of value of a class of property. The period of five years immediately prior to July 1, 1998 shall be utilized to determine the level of value. Said level of value shall be adjusted to the final day of the data gathering period. Changes occurring between base years are not to be accounted for until the following level of value is implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, etc., or creation of a condominium, or any new regulations restricting or increasing the use of the land, or a combination thereof. {39-1-104(11)(b)(1) C. R .S.} The subject property has been classified as Commercial Property for assessment purposes. Commercial property value shall be determined by appropriate consideration of the Cost Approach, Market Approach, and Income Approach to value. {39-1-103(5)(a) C. R. S.) The Assessor has considered all three approaches to value for the subject parcel on appeal. FINAL RECONCILIATION After consideration of the cost, market and income approaches, it is the Weld County Assessor's opinion that the value of $21 ,342,811, most accurately reflects the value of the subject property in Weld County for the 1999 tax year. COST APPROACH MARKET APPROACH INCOME APPROACH RECONCILE $21,342,811 N/A N/A N/A FINAL INDICATED VALUE $21,342,811 CBOE_COMM_010998 3 9 Page 14 Si • O �N, 1.., fJ , . . :4t <5. • • AP. -a- . 0 ,R . . :A. Gu. �3 r• . • 40 A• A` • _ . . t • A y1•• a. • •erg Cif kV 11) • • Qr �` `.; • : : : 1 : : Q. . . . . . . . . . : : : : : :'. . . :a. . . . (! • .• . . : : : :• : : : : : : : : ' <.I'.. .. .. .. .. .. .. . . . . . . . . . . . . . • . _ : : L• 'a- • • . . . . . P �J M3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; : . . . . . . 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