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Home My WebLink About971484.tiffRESOLUTION RE: THE BOARD OF EQUALIZATION, 1997, WELD COUNTY, COLORADO - STIPULATE VALUE PETITION OF: KNOLL DARREN G & 3721 W 20 ST GREELEY, CO 80631 DESCRIPTION OF PROPERTY: PIN: R2116986 PARCEL: 095911417004 - GR WK -3 L3 WERKING ACRES 1 W 20 ST% 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 1997, 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 1997, claiming that 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, the petitioner(s) and the Weld County Assessor agree that the assessment and valuation of the Weld County Assessor shall be, and hereby is, stipulated as follows: Land Improvements OR Personal Property TOTAL ACTUAL VALUE ACTUAL VALUE AS DETERMINED BY ASSESSOR ACTUAL VALUE AS STIPULATED $ 62,500 $ 62,500 274.948 220.921 $ 337.448 $ 283.421 971484 AS0038 RE: BOE - KNOLL DARREN G & Page 2 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, acting as the Board of Equalization, that the Stipulation agreed to by the Weld County Assessor and the above -named petitioner(s) be, and hereby is, accepted by the Board. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 24th day of July, A.D., 1997. EXCUSED APPROVED AS TO FORM: Assant Cou Att yaj' orney BOARD OF COUNTY COMMISSIONERS WELD QOUNTY, COLORADO George E. Baxter, Chair onstance L. Harbert, Pro -Tern Barbara J. Kirkmeyec1 W. H. Webster Ldivii`rti 971484 AS0038 1997 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S PIN NUMBER R2116986 STIPULATION (As To Tax Year 1997 Actual Value) RE PETITION OF NAME: ADDRESS: KNOLL. DARREN 3721 W 20TH STREET GREELEY co 80631 Petitioner(s), KNOLL. DARREN and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 1997 valuation of the subject property, and jointly move that the Board of Equalization to enter its order based on this Stipulation. Petitioner(s) and the Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: GR WK -3 L3 WERKING ACRES 3721 2. The subject property is classified as RESIDENTIAL property (what type). 3. The County Assessor originally assigned the following actual value to the subject property for tax year 1997 Land Improvements Total 62,500 274,948 337.448 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following tax year 1997 actual value for the subject property. Land Improvements Total 62,500 220,921 283,421 5. The valuations, as established above, shall be binding only with respect to tax year 1997 971484 only with respect to tax year 1997 6. Brief narrative as to why the reduction was made: REAPPRAISED PROPERTY & ADJUSTED TO MARKET. 7. Both parties agree that the hearing scheduled before the Board of Equalization on JULY 24, 1997 (date) at (time) be vacated; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate). RATED this day of 715 tioner( , 1997_. or Attorney Petitioner(s) or Attorney Address: Address: ant.. # 1721 w , .Rot S . <„r.ty,Ct Sea 3y Telephone: 33O i '72 Telephone: ' rGi iE.J County Assessor Address: 1400 North 17th Avenue Greeley, CO 80631 19A-fre4Cl tie as�a''J Telephone:(303)353-3845 ext. 3656 NOTICE OF DENIAL Atz;, • WRBca COLORADO KNOLL DARREN G & 3721 W 20 ST GREELEY, CO 80631 GR WK -3 L3 WERKING ACRES $3721 W 20 ST% OWNER: KNOLL DARREN G & 06/30/1997 'LOG 3616 PARCEL 095911417004 ACCOUNT R2116986 YEAR 1997 OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. GREELEY, CO 80631 PHONE (970)353-3845, EXT. 3650 The appraisal 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. 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 determined the valuation(s) assigned to your property. The reasons for this defemination of value are: IT WILL BE NECESSARY TO PHYSICALLY INSPECT THE ABOVE PARCEL. THIS WILL BE DONE AT THE EARLIEST POSSIBLE OPPORTUNITY AND ANY CHANGES OF THE ABOVE PARCEL WILL BE MADE AT THAT TIME. PROPERTY CLASSIFICATION PETITIONER'S ESTIMATE OF VALUE ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW LAND IMPS tia�/p ,2t1,, (�" . 62500 274948 62500 274948 TOTALS $ ,250, OD — $ 337448 $ aavnna 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: IS-DPT-AR Form PR -207-87/94 WARREN L. LASELL WELD COUNTY ASSESSOR 06/30/1997 DATE ADDITIONAL INFORMATION ON REVERSE SIDE GG A? -5 YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION Luc pel- cA 10 fU 5tm for AA€ b;3 cost Q// !'u -c WJc&ICQ S t/ fkc ac rci� Ua.Iue (Air 3074, was ru,secA 1/O2/ SR,NAU Rb Uh PP 1 I1 IONER / S. -2 [Jed eype.,I w/ ot-jnfy asse-r5cr. 1491/3u,/- Alevcr viol. ftre�{ sef lv -fit"' de /e, The County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 5 for real property (land and buildings) and personal property (furnishings, machinery, and equipment) 39-8-104 and 39-8- 107(2), C.R.S. APPEAL PROCEDURES;. If you choose to appeal the Assessor's decision you must appeal to the County Board of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED ON OR BEFORE JULY 15 FOR REAL PROPERTY, AND JULY 21 FOR PERSONAL PROPERTY. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970)356-4000 Ext. 4225 NOTIFICATION OF HEARING: You will be notified of the time and place set for the hearing of your appeal. COUNTY BOARD OF EOUALIZATION'S DETERMINATION: The County Board of Equalization must make a decision on your appeal and mail you a determination within five business days. The County Board must conclude their hearings by August 5. TAXPAYER RIGHTS FOR FURTHER APPEALS: If you are not satisfied with the County Board of Equalization's decision you must file within thirty days of the County Board of Equalization's written decision with ONE of the following: Board of Assessment Appeals (BAA): Contact the BAA at 1313 Sherman, Room 315, Denver, Colorado 80203, (303)866-5880. District Court: 9th Avenue and 9th Street, P.O. Box C Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4520 Arbitration: WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4225 If you do not receive a determination from the County Board of Equalization, you must file an appeal with the Board of Assessment Appeals by September 11. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO THE COUNTY BOARD OF EQUALIZATION In the space below, please explain why you disagree with the Assessor's valuation. IN ACCORDANCE WITH 39- 8-106(1.5), C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as necessary. ON 3U�Ie stl` /996 we hod o,0//praise) 4`/I- e. `place c froO Foy-- � eQ Foy-- ,4acsc y' Hatt doeve /I/a _2-4-rertcHd-s O3 o/ an -9/ been" fr r'w.c./ r74/41: _CAJC., ( ,ef( 194%1-6 iee1 'J sp,.v. er S /lou(se r s a70 rRso may he 12day. TI4e Qsse nwf 1/ A '/ DAIL 'cY }/ey woutld J u�-c q co,,e LwlC (At fyop.`_fY s 4hall S T. kiln, 71) en, We yof c. ,Votrcc 4 Pile No. 6RANGV1gragier� CURRENT SALES CONTRACT', n The subject property Is currently not under contract The contract and/or escrow instructions were not available for review. The unavailability of the contract is explained later In the addenda section. The contract and/or escrow Instructions were reviewed. The following summarizes the contract Contract Date Amendment Date Contract Price Seller n The contract Indicated that personal property was not included in the sale. The contract Indicated that personal properly was included. It consisted of X 1 Personal properly was not included in the final value estimate. Personal property was included in the final value estimate. The contract indicated no financing concessions or other incentives. The contract indicated the following concessions or incentives: Estimated contributory value is $ If concessions or incentives exist the comparables were checked for similar concessions and appropriate adjustments were made, if applicable, so that the final value conclusion is in compliance with the Market Value defined herein. MARKET OYERUIEW Include amexptanatian of current market cnnditt n5:and kends. 12 months is considered a reasonable marketing period for the subject property based on MLS data. ADDITIONALCERTIFICATION . The Appraiser certifies and agrees that (1) The analyses, opinions and conclusions were developed, and this report was prepared, in conformity with the Uniform Standards of Professional Appraisal Practice rUSPAP'), except that the Departure Provision of the USPAP does not apply. (2) Their compensation Is not contingent upon the reporting of predetermined value or direction in value that favors the cause of the client the amount of the value estimate, the attainment of a stipulated result or the occurrence of a subsequent event (3) This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. DJ ADDITIONAL (ENVIRONMENTAL) LIMITING CONDITIONS The value estimated is based on the assumption that the property is not negatively affected by the existence of hazardous substances or detrimental environmental conditions unless otherwise stated in this report The appraiser is not an expert in the identification of hazardous substances or detrimental environmental conditions. The appraiser's routine inspection of and inquiries about the subject properly did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental conditions which would affect the property negatively unless otherwise stated in this report. It Is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence of hazardous substances or detrimental environmental conditions on or around the properly that would negatively affect Its value. I x ADDITIONAL COMMENTS This property does not, to the best of my knowledge, show evidence of storage of items, containers, or materials that are not intended for normal and average consumer usage around the home. APPRAISER'SSIGNATURE &LICENSE TIFICATION Appraiser's Signature —T-7> ‘:::C--(1 Effective Date 06-28-96 Appraiser's Name (print) Bruce W. Willard State CO License x Certification # CG 01315403 I _I CO-SIGNING APPRAISER'S CERTIFICATION Trt City Services Date Prepared 06-28-96 Phone# (303) 353-0790 Tax ID# 84-1229034 The co-signing appraiser has personally inspected the subject property, both inside and out, and has made an exterior inspection of all comparable sales listed in the report The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the contents of the report including the value conclusions and the limiting conditions, and confirms that the certifications apply fully to the co-signing appraiser. The co-signing appraiser has not personalty inspected the interior of the subject property and: has not inspected the exterior of the subject properly and all comparable sales listed in the report has inspected the exterior of the subject property and all comparable sales listed in the report The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the contents of the report, including the value conclusions and the limiting conditions, and confirms that the certifications apply fully to the co-signing appraiser with the exception of the certification regarding physical inspections. The above describes the level of inspection performed by the co-signing appraiser. The co-signing appraiser's level of inspection, involvement in the appraisal process and certification are covered elsewhere in the addenda section of this appraisal. O -SIGNING; APPRAISER"S SIGNATURE & LICENSE fCERTIFIGATION Co -Signing,.; ..,. _. .. Appraiser's Signature Effective Date 06-28-96 Date Prepared 06-28-96 Co -Signing Appraiser's Name (print) Phone # State License Certification # • Tax ID # Page 2 of 2 Austin & Austin Appraisal Services, (970) 353-0790 Form MPA -- 'TOTAL 2000' appraisal software by a la mode. inc. -- 1-800-ALAMODE Pie No. 6RANGW/I Page # SUMMARY OF SALIENT FEATURES z Subject Address Legal Description city County State 3721 W. 20th Street Lot 3, Werking Acres Greeley Weld CO U- z Zip Code 80634 Census Tract 14.03 ru Map Reference MSA 3060 U w Sale Price S Date of Sale Refi rn Borrower/Client Knoll/Bollig Lender 1st Choice Bank Size (Square Feet) 3.003 N Price per Square Foot $ S Location Rangeview Age 18 LL Condition Average = • Total Rooms 9 Bedrooms 3 Baths 2.75 ti Appraiser Bruce W. Willard Dale of Appraised Value June 28. 1996 a Final Estimate otValue S 260.000 Form SSD -- 'TOTAL 2000' appraisal software by a la mode. inc. -- 1-800•ALAMODE Client 1st Choice Bank 2164 35th Ave, Greeley, CO 80634 Property Address 3721 W. 20th Street Lot 3, Werking Acres Greeley CO Date June 28, 1996 Provided By Bruce W. Willard License # Certification # CG 01315403 Austin & Austin Prepared using 'fotoRee 2000' digital Imaging software by a la mode, Inc. --1.800-ALAMODE Summary Appraisal Report rile No. 6RANGW4 Page # 4� 6rangvw File No. Austin & Austin Appraisal Services, (970) 353-0790 UNIFORM RESIDENTIAL APPRAISAL REPORT ProperlyAddress 3721 W. 20th Street city Greeley State CO Zip Code 80634 Legal Description Lot 3, Werking Acres County Weld _ _ Assessor's Parcel No. 095911417004 Tax Year 19 9 5 R.E. Taxes $ 2,132.0 0 Special Assessments $ 0 w Borrower Knoll / B o l l i q Current Owner Knoll / B o l 1 i g occupant n Owner n Tenant n Vacant m Property rights appraised I] Fee Simple I 1 Leasehold Project Type 7 PUD Ii Condominium (HUDNA only) HOA $ 0 /Mo. ( Neighborhood or Project Name R a n g e V i e w Map Reference MS A 3060 Census Tract 14.03 Sale Price $ Date of Sale Ref i _- Description and $ amount of loan charges/concessions to be paid by seller None Lender/Client 1st Choice Bank Address 2164 35th Ave, Greeley, CO 80634 Appraiser Bruce W. Willard Address 918 13th Street. Gree ey, CO 80631 Location Built up Growth rate Properly values Demand/supply Marketing time X Q ❑ n f'1 i Urban Over 75% Rapid Increasing Shortage I Under 3 mos. 7 Suburban r 25-75% [—X-1 Stable x Stable I-1 x In balance I x 13-6 mos. Rural Under 25% Slow Declining ❑ Over supply n Over 6 mos. Predominant occupancy x Owner 10 0 n Tenant x Vacant (0.5%) {} Vac.(over 5%) Single family housing PRICE AGE $(000) (yrs) 180 Low 20 present land use % One family 80 To: X ❑ Land use change Not likely ❑ Likely In process 2-4 family 10 400 High 35 Multi -family ' ; : !I Predominant k.:: : Commercial 10 3 0 0 25 Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: 35th Avenue to the east; 47th Avenue to the west; 16th Street to the o north; 20th Street to the south. T Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): FL Subject lies in a private cul-de-sac of three homes in the middle of Rangeview Estates. z Rangeview Estates in a finer subdivision of custom homes developed during the 1960's. The W large lots and mature landscaping add to the executive homes, some of which are the most z expensive in Greeley. Pine Ridge Estates, adjoining to the west, will have similar large and expensive homes in a gated community. Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time -- such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): The local market in general, and the market in the subject neighborhood specifically, has improved over the past year, with generally increasing prices. Demand and supply are in balance, with competitively priced properties selling quickly and for good prices. No financing concessions prevalent. Interest rates are at a very attractive 8% to 9% presently. o Project Inlormation for PUOs (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? n Yes i 1 No a Approximate total number of units in the subject project Approximate total number of units for sale in the subject project Describe common elements and recreational facilities: Dimensions 120FF x 295' Topography Generally level Size Typical for Rangeview Sitearea Approximately 35,400 sqft Corner Lot X Yes No Shape Rectangular Specific zoning classification and description R- 1 E Single Family Estate Drainage Surface - adequate Zoning compiance x Legal ❑ Legal nonconforming (Grandfathered use) ❑ Illegal flI No zoning Highest & best use as Improved: I x j Present use [ I Other use (explain) View Interior neighborhood Landscaping Very , very elaborate Utilities Public Electricity x Other Off -site Improvements Type Public Private street Asphalt ❑x Driveway Surface Concrete Apparent easements Ty p i c a 1 cn Gas ❑x Curb/gutter None - ❑ ❑ FEMA Special Flood Hazard Area FEMA Zone C Map Date NI Yes n No 07-16-79 Water X _ Sidewalk None ❑ Sanitary sewer x Street lights None ❑ FEMA Map No. 080184 0001 B Storm sewer [x[ Alley None Ti n Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): No survey was provided to the appraiser; inspection of the site and site plans provided all information regarding easements and possible encroachments, but cannot be relied upon. A large site for GENERAL DESCRIPTION No, of Units 1 EXTERIOR DESCRIPTION Foundation Prd Concrt FOUNDATION Slab 0% BASEMENT Area Sq. Ft 1153 INSULATION Roof Hdn x Ceiling Hdn n Crawl Space 0% % Finished 90% Exterior Walls Cedar lap No. of Stories 1 . 5 Walls Hdn x Basement 100% Ceiling Drywall Roof Surface Shake Type (Det/Att) Det Floor ❑ Sump Pump None Obs Walls Drywall Gutters & Dwnspts. Copper Design (Style) Splt-1V1 None Floor Carpet Dampness None 0 b S Window Type Pel l l a i- Existing/Proposed Exi i sting_ Unknown x❑ Outside Entry No Settlement Normal Storm/Screens Screens Age (Yrs.) 18 Typical infestation None o b s Manufactured House No Effective Age (Yrs.) 15 cc ROOMS Foyer Living Dining Kitchen Den FamiN_Rm. 1 Rec. Rm. Bedrooms # Baths Laundry Other Area Sq. Ft Storage 1153 0_Basement Office 1051 _ Level 1 x 1 x 1 1 1 1 826 w o Level 2 2 1.75 Hottub 1126 E, Lvl 3 Finished area above grade contains: 9 Rooms; 3 Bed room(s); 2.75 Bath(s) 3,003 Square Feet of Gross Living Area a INTERIOR Materials/Condition Floors Wood - ti l e/ Good HEATING Type F.A. KITCHEN EQUIP. Refrigerator Ix I ATTIC None El AMENITIES Fireplace(s) # 2 n CAR STORAGE: None N L' Walls Drywall/Avg Fuel Gas Range/Oven x Stairs 1 Patio Covered x Garage #of cars Trim/Finish Pntd t d wd/Avg /Avg Condition Avg Disposal PT Drop Stair Deck Large n Attached 2 Bath Floor Vinyl/Good COOLING Dishwasher x Scuttle x Porch ❑ Detached Bath Wainscot Synth/Avg Central Yes Fan/Hood X Floor Fence Part i a 1 x Built -In Doors Wd hollow/Avg Other M Microwave Q Heated Pool ❑ Carport Condition Avg Washer/Dryer i—I Finished n Ti Driveway 2 Additional features (special energy efficient i ems, etc.): A unique, custom-built home with many fine features: solar heat assist; security system;central ceilings; large hottub room with ..._vacuumLvaulted Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction, remodeling/additions, etc.: There are cn functional inadequacies for this age of home, but no external_ obsolescence. The construction . is typical for the area. Based on maintenance and condition, in comparison to gquality o competing properties, the estimated effective age is below the actual age. V Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property.: There are no known or apparent environmental conditions that would negatively impact on the value of the property. r elf" nWV^ Freddie Mac Form 70 6/93 Form UA2 -- 'TOTAL 2000' appraisal software by a la mode, inc -- 1-800-ALAMODE UNIFORM RESIDENTIAL APPRAISAL REPORT rile No. 6RANGW..1 Page # 6rangvw Valuation Section File No. ESTIMATED SITE VALUE _ ESTIMATED REPRODUCTION COST -NEW -OF IMPROVEMENTS: Dwelling 3,003 Sq. Ft @$ 67.21 =3 201,832 $ 65,000 Comments on Cost Approach such as, source of cost estimate, square toot calculation and for HUD, VA and FmHA, the estimated economic life of the property): All sale dates are closed dates. site value, remaining F 1153 Sq.Ft @$ 36.81 = 42 442 If Porches, fireplaces, applian= 21,625 two dates are included, contract dates a Garage/Carport 652Sq. Ft. @$ 25.75 = 16,789 will be noted. Cost information: Residential < Total Estimated Cost New. _ v Less Physical Functional Depreciation 70,6721 56,5381 = $ 282,688 _ Cost Handbook, Marshall & Swift - Very External _$ 127,210 Good Quality. Site value determined by Extraction Method, and includes the city Depreciated Value of improvements 'As -is' Value of Site Improvements INDICATED VALUE BY COST APPROACH =$ =$ 155,478 tap fees. Remaining economic life: 45 50,000 years =$ 270,478 ITEM I SUBJECT COMPARABLE NO. 1 COMPARABLE NO.2 COMPARABLE NO. 3 3721 W. 20th Street Address Greeley 3550 Rangeview Rd. Greeley 2605 W. 19th St Rd Greeley 3228 Grandview Dr. Greeley Proximity to Subject 1 block north 1 mile east 4 miles NE Sales Price rr ce $ __..........'<<$ 226 .. ...... 000 :: ::; S 230000 Price/Gross Living Area $ m$ 63.36 0 i" . S 82.20 $ 80.42 0 �:�`' Dateand/or Verification Source Insp/Public Records MLS/Agent/Public Records ..... MLS/Agent/Public Records MLS/Agent/Public Records/Inspection DESCRIPTION ......... +(—)$ Adjust VALUE ADJUSTMENTS DESCRIPTION - DESCRIPTION ; +(—)$ Adjust DESCRIPTION 4-(-1$ Adjust Sales or Financing Concessions ,None 80% cony. 23% cony. None 57% cony. None DateofSale/fime '......................__... 06-30-95 10-18-95 03-15-96 Location Rangeview Rangeview Cottonwood Seeley Lake Leasehold/Fee Simple Fee Fee Fee F e e site 34,500 32,670 Approx. 16K +10,000 42,350 View Interior Interior Park -10,000 Interior Design and Appeal Splt-lvl 1.5 story 1.5 story 8i -level Quality of Construction Good Good Good Average +10,000 Age 18 30 +3,000 32 +3,000 18 Condition Average Inferior +25,000 Superior -7,500 Superior -20,000 Above Grade Room Count 5 Gross Living Area Total: Bdrms : Baths Total : Bdrms . Baths -3,000 -11,000 Total Bdrms . Baths +1,000 -3,000 Total, Bdrms . Baths +3,000 +3,000 9 ;3 ;2.75 11 ' 7 ;3.75 8 ; 4 :2.5 9 ; 4 '1.75 3,003Sq. Ft 3,567 Sq. Ft 3,163 sq. Ft 2,860 Sq. Ft ` Basement &Finished o Rooms Below Grade 1153 90%/Garden 1468 50% -1,500 +3,000 0 0 +6,000 +9,000 0 0 +6,000 +9,000 Functional Utility Less appeal Less appeal Typical Less appeal a Heating/Cooling FANG/AC/Sir H.W./Part AC +2,000 H.W. +3 000 FANG +3,000 g Energy Efficient Items Typical Typical Typical Typical Garage/Carport 2+ 2+ 2 +1, 000 2 +1, 000 J Porch, Patio, Deck, Fireplace(s), etc. Covrd, deck 2 Covrd 2 +1.000 Great deck 1 +1,000 2 covrd 2 Fence, Pool, etc. Hottub Hottub Hottub Jetted tub +1,000 Landscape Elaborate Inferior +5.000 Elaborate Inferior ' +10,000 NetAdj. ttotal) :<:::>:<:.:<>:::>>::>;::::: >:>»::> fTl+ n $ 23 500 [XI+ F-1- S 13,500 273,500 (X+ n-'$ 26,000 256,000 Adjusted Sales Price of Corn 1ra 'a mble be ..... 249,500 Comments on Safes Comparrsan pncludrng the suniect property's wonderful site. The comparables we established neighborhoods with nice floor plans functionally. To find but this was deemed the best altern compatibility to the neighborhood, re selected becaus , large sites and comparables, sales ative considering etc.): Subject is a e they were all olde less -than -typical fl dates in excess of the data available. unique home on a r houses in oor plans, or older six months were used, Sale #1 is in sublet suDoivision. It was an older house, and more dated than subject, but also larger. The house ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 Date, Price and Data Source, for prior sales withln• yearofappraisal 01-31-96 $250,000 Pub records No recent sales history Pub records No recent sales history Pub records No recent sales history Pub records Analysis of any current agreement of sale, option, or listing of subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal: Subject has been offered for sale in the past year; the last list price at sale was $275,000. INDICATED VALUE BY SALES COMPARISON APPROACH $ 260,000 INDICATED VALUE BY INCOME APPROACH (If Applicable) Estimated Market Rent $ /Mo. x Gross Rent Multiplier = $ NI A This appraisal is made x 'as is subject to the repairs, alterations, inspections or conditions listed below O subject to completion per plans & specifications. ConditlonsolAppralsal: The income approach was not considered a valid approach to estimating value. This appraisal was made "as is." No liability -is assumed for the structural or mechanical elements. FinalReconciliation:The sales comparison approach is considered to most resemble a typical buyer's thinking and is therefore liven the most weight. The cost approach adds additional support to the final value given. The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/FNMA form 1004B (Revised 06-93 ). I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF June 28. 1996 (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $ 260,000 APPRAISE• 2 SUPERVISORY APPRAISER (ONLY IF REQUIRED): Signature A._..) .�'� Signature Name Bruce W. Willard Date Report Signed 06-28-96 State Certification # CG 01315403 Name Or State License # Did Did Not inspect Property Date Report Signed Slate CO State Certification # State State Or State License # State Freddie Mac Form 70 6/93 PAGE 2 OF 2 Fannie Mae Form 1004 6.93 Form UA2 -- 'TOTAL 2000' appraisal software by a la mode, inc. -- 1-800-ALAMODE IMPROVEMENTS SKETCH AREA CALCULATIONS Property Address 3721 W. 20th Street City Greeley Borrower Darren Knoll & Laura Bollig Lender/Client 1st Choice Bank SKETCH/AREA TABLE ADDENDUM File No. 6rangvw State CO County Weld Zip Code 80834 10' �eQ 37 25.5' Foyer Living Dining 6' Kitchen Office 30, 5 30' First Floor 6' 4' Both 1" Bedroom Bath Bedroom Hottub I6 ID' Lower Level 28' 0' 18' Upper Level doff over I CIR-r lrr� 0O0 10' SCALE: 1 Inch = 20 feet AREA CALCULATIONS SUMMARY Area Name of Area Size Totals GLA1 First Floor 1050.75 1050.75 GLA2 Second Floor 826.14 826.14 GLA3 Third Floor 1126.00 1126.00 BSMT Basement 1153.00 1153.00 TOTAL LIVABLE (rounded) 3003 LIVING AREA CALCULATIONS Breakdown Subtotals 46.50 X 35.50 1650.75 -8.00 X 16.00 -128.00 -6.50 X 25.50 -165.75 -30.00 X 9.50 -285.00 -8.50 X 2.50 -21.25 11.75 X 45.12 530.18 4.37 X 38.00 166.12 4.00 X 32.12 128.49 -2.12 X 32.00 -67.88 12.50 X 28.00 350.00 -6.00 X 28.00 -168.00 -6.50 X 17.00 -110.50 -1.06 X 2.12 -2.25 -2.19 X 0.00 -0.00 34.00 X 44.00 1496.00 -9.00 X 4.00 -36.00 10 X 334.00 -334.00 3003 AUSTIN 8 AUSTIN APPRAISAL SERVICES APEX SOFTWARE 210.699.6668 APX-8100 Apex II rile No. 6RANGVWj Page #'10 DEFINITION OF MARKET VALUE: The most probable price which a property should bring In a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest (3) a reasonable time is allowed for exposure in the open market (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily Identifiable since the seller pays these costs In virtually all sales transactions. Special or creative financing adjustments can be made to the comparable properly by comparisons to financing terms offered by a third party Institutional lender that Is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property Is appraised on the basis of It being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the Improvements and the sketch is Included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of Its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property In question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the Improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are Invalid If they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research Involved in performing the appraisal. Unless otherwise stated In the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or Its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial Institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the properly description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6.93 Page 1 of 2 Fannie Mae Form 10048 6-93 Form ACR -- 'TOTAL 2000' appraisal software by a la mode, inc. -- 1-800-ALAMODE file No. 6RANG Page # 11 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject properly for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable properly is superior to, or more favorable than, the subject properly, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made. a positive adjustment to Increase the adjusted sales price of the comparable. 2. I have taken Into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and Information in the appraisal report are true and correct 3, I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not hase, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation far performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 6. I have personalty Inspected the interior and exterior areas of the subject properly and the exterior of all properties listed as comparables in the appraisal report I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions In my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set torch In the appraisal report If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report he or she certifies and agrees that I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report ADDRESS OF PROPERTY APPRAISED: 3721 W. 20th Street APPRAISER: Signature: \ —> Name: Bruce W. Willard Date Signed: 06-28-96 State Certification#: CG 01315403 or State License #: or State License #: State: CO State: Expiration Date of Certification or License: 12-31-98 Expiration Date of Certification or License: SUPERVISORY APPRAISER (only if required): Signature: _ Name: Date Signed: State Certification #: Did ❑ Did Not Inspect Property Austin & Austin Appraisal Services, (970) 353-0790 Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93 Form ACR -- 'TOTAL 2000' appraisal software by a la mode, Inc. -- 1-800-ALAMODE Pane # 121 MULTI -PURPOSE SUPPLEMENTAL ADDENDUM FOR FEDERALLY RELATED TRANSACTIONS According to Tri-City Services MLS has not been offered for sale in the past 30 days. is currently offered for sale for $ ❑ was offered for sale within the past 30 days for $ ❑ Offering information was considered In the final reconciliation of value. ❑X Offering information was not considered in the final reconciliation of value. Offering information was not available. The reasons for unavailability and the steps taken by the appraiser are explained later in this addendum. the subject property: SALES HISTORY OF SUBJECT PROPERTY According to Weld County Assessor Public Records has not transferred in the past twelve months. has transferred in the past twelve months. All prior sales which have occurred in the past twelve months are listed below and reconciled to the appraised value, either in the body of the report or in the addenda. x x Date Sales Price Document # Seller 01-31-96 250,000 Werkinq Buyer Knoll/Bolliq FEMA FLOOD HAZARD DATA Subject property Is not located in a FEMA Special Flood Hazard Area. Subject properly is located in a FEMA Special Flood Hazard Area. Zone FEMA Map/Panel # C 080184 0001 B Map Date Name of Community 07-16-79 Greeley n The community does not participate in the National Flood Insurance Program. The community does participate in the National Flood Insurance Program. n It Is covered by a regular program. It is covered by an emergency program. X Borrower/Client Knoll/Bollig Property Address 3721 W. 20th Street city Greeley county Weld State CO Zip Code 80634 Lender 1st Choice Bank This Multi -Purpose Supplemental Addendum for Federally Related Transactions was designed to provide the appraiser with a convenient way to comply with the current appraisal standards and requirements of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of Currency (OCC), The Office of Thrift Supervision (OTS), the Resolution Trust Corporation (RTC), and the Federal Reserve. This Multi -Purpose Supplemental Addendum is for use with any appraisal. Only those statements which have been checked by the appraiser apply to the property being appraised. PURPOSE & F UNCTIONOFAPPRAISAL The purpose of the appraisal is to estimate the market value of the subject property as defined herein. The function of the appraisal is to assist the above -named Lender in evaluating the subject property for lending purposes. This is a Federally related transaction. j x J • EXTENT OF APPRAISAL PROCESS X xJ The appraisal is based on the Information gathered by the appraiser from public records, other identified sources, inspection of the subject properly and neighborhood, and selection of comparable sales within the subject market area. The original source of The comparables is shown in the Data Source section of the market grid along with the source of confirmation, if available. The original source is presented first The sources and data are considered reliable. When conflicting information was provided, the source deemed most reliable has been used. Data believed to be unreliable was not included in the report nor used as a basis for the value conclusion. The Reproduction Gast Is based on Marshall & Swift Cost Services supplemented by the appraiser's knowledge of the local market rXhl Physical depreciation Is based on the estimated effective age of the subject properly. Functional and/or external depreciation, If present, is specifically addressed in the appraisal report or other addenda. In estimating the site value, the appraiser has relied on personal knowledge of the local market This knowledge is based on prior and/or current analysis of site sales and/or abstraction of site values from sales of improved properties. x The subject property is located in an area of primarily owner -occupied single family residences and the Income Approach is not considered to be meaningful. For this reason, the Income Approach was not used. The Estimated Market Rent and Gross Rent Mutlpher utilized in the Income Approach are based on the appraiser's knowledge of the subject market area. The rental knowledge is based on prior and/or current rental rate surveys of residential properties. The Gross Rent Multiplier is based on prior and/or current analysis of prices and market rates for residential properties. For income producing properties, actual rents, vacancies and expenses have been reported and analyzed. They have been used to project future rents, vacancies and expenses. SUBJECT PROPERTY OFFERING I NFORNIATION X the subject property: Page 1 of 2 Form MPA -- 'TOTAL 2000' appraisal software by a la mode, Inc. -- 1-800-ALAMODE ADDENDA e No. 6RANG Pa # 1 Borrower Knoll/Bolliq FIIeNo. 6RANGVW ProperlyAddress 3721 W. 20th Street City Greeley County Weld State CO ZlpCode 80634 Lender 1st Choice Bank CERTIFICATION AND LIMITING CONDITIONS I certify that, to the best of my knowledge and belief, the reported analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. I certify that the use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. SITE Greeley in general, but more typical for Rangeview specifically. The site is accessed from a private cul-de-sac, and there's no curb, gutter or sidewalk on that private drive. There is no annual assessment for the drive, but the three homes must be assessed periodically. A spectacular custom landscape plan, with berms, large trees, a pond and fountain, a vegetable garden, decks and sitting areas, stone walls, and much more. 20th Street adjoining is busy, but the landscaping helps block out the noise. Overall a very nice site. FEATURES in -ground tub; kitchen island with Jen-aire range: sitting/office area off of the kitchen and adjacent to the hottub room; sub -zero refrigerator; deck off of the master bedroom: built-in shelves, cabinets, wet -bars, etc.; newer vinyl and carpet in some rooms; wood parquet floors; lots of storage including that above the garage; and many other features of a fine home. The house was designed to integrate the inner and outer environments, there are a lot of windows. access to decks and patios from all three upper floors, and views of the beautiful landscaping from all around. The floor plan is really an expanded four -level, with the basement having windows at garden level. There are few homes of this style in the upper price ranges in Greeley, and the floor plan may be more "chopped up" than many buyers want, the biggest functional problem, and many of the rooms like the office area next to the hottub, would have little value to some buyers. Some of the house is dated, the kitchen included, but there has beensome new floor coverings recently done. Overall the house's effective age is less than its actual age, and the condition is deemed average for its age. COMMENTS ON COMPARABLES was "chopped up" with many smaller rooms, and the site was large and with a nice, mature landscape, but not to the level of subject's. It was on the market for a very long time, and went through numerous price reductions. Sale #2 was also a unique plan, an A -frame, and though its site was smaller, it backed up to wonderful Cottonwood lake and park, and was wonderfully landscaped. This house was older, but had had some updating and remodeling, and was in generally superior condition. The back deck, with hottub and Koi pond was especially appealing, and there were two offers on this house in the first week on the market. Sale #3 was located at Seeley Lake, but it was not on the lake itself. This house was somewhat inferior in quality, but had been very substantially remodelled, with new windows, siding, roof, master bedroom and bath, and all new kitchen. Its master on the main floor and the rest on the lower level was similar to subject's layout. It had a nice, large lot, but not as elaborate or appealing landscape as subject. Neither this sale or #2 had a basement. While none of the comparables is ideal, they give a generally acceptable range from $250.000 to $270,000. Weight is given to no sale, the median of the range is deemed market value. Note that subject sold in January for $250,000, with concessionary Seller terms. There has been some upgrading since that sale. Hie No. PHOTOGRAPH ADDENDUM -age a Borrower/Client Knoll/8°111g _. Propert/Address 3721 W. 20th Street City Greeley County Weld _ _ State CO ZlpCode 80634 Lender 1st Choice Bank Subject Front Address 3721 W. 20th Street Sale Pdce Gross Living Area 3,003 Total Rooms 9 Total Bedrooms 3 Total Bathrooms 2.75 Location Rangeview View Interior Site 34,500 Quality Good Age 18 Subject Rear Subject Street Austin & Austin Prepared using Yotokee 20001 digital knagr9 software by a la mode, Inc. — 1-800-ALAMODE File No. Page # Comparable Photo Page (1-3 Borrower/Client Knoll/Bollig Property Address 3721 W. 20th Street City Greeley County Weld Stale CO Zip Code 80634 Lender 1st Choice Bank Comparable 1 Address 3550 Rangeview Rd. Prox. to Subject 1 block north Sale Price 226.000 Gross Living Area 3,567 Total Rooms 11 Total Bedrooms 7 Total Bathrooms 3.75 Location Rangeview View Interior Site 32,670 Quality Good Age 30 Comparable 2 Address 2605 W. 19th St Rd Prox. to Subject 1 mile east Sale Price 260,000 Gross Living Area 3.163 Total Rooms 8 Total Bedrooms 4 Total Bathrooms 2.5 Location Cottonwood View Park Site Approx. 16K Quality Good Age 32 Comparable 3 Address 3228 Grandview Dr. Prox. to Subject 4 miles NE Sale Price 230.000 Gross Living Area 2.860 Total Rooms 9 Total Bedrooms 4 Total Bathrooms 1.75 Location Seeley Lake View Interior Site 42.350 Quality Average Age 18 Austin & Austin Prepared using "FotoFree 2000" digital Imaging software by a la mode, Inc. -- 1-800-ALAM0DE Nevnnan Luke Farmers _ Sheep Draw Seeley Lake Graila, ! Seep Sale #3 Greeley:No. 3 Ditch Broadview Park _ 34 °Greeleyfwintry Club West Grapevine Ditcd Subject Company Ditch -I-7.- 34 I )993 DeLorme Mapping _ Scale 1:50,000 (at center) LEGEND O State Route o Geo Feature • Town, Small City * Park US Highway Population Center Street, Road Major Street/Road o State Route US Highway _t I i Railroad River Intermittent River J Open Water Sale #1 Co to iww000d Lake 'est GM—jrLake "J / Sale #2 5000 Feet H—I000-Meteii 83 eMaston Corner Gr-_e_ely Luther -Park _ley Junction Mu I mper I Corner Grov Park Lincoln- .ark I 85 ■ j Weld County-I'ublic_hospital Montvie Farr Park 0Jdckso- Fitt Gard en' C0( Knoll & Bollig/Ist Choice Bank Mag 13.00 Mon Jul 01 15:55:48 1996 Resume of Appraiser Bruce Willard is the chief appraiser for Austin & Austin Appraisal Services and works full time in real estate marketing, appraisal, and analysis. He is a licensed Real Estate Broker and a licensed Certified General Appraiser in the State of Colorado. Bruce is a Colorado native, an ex -Air Force pilot, with over 2,000 hours of high performance aircraft time, and he holds a B.S. in Electrical Engineering from the U.S. Air Force Academy. Bruce is a member of the National Association of REALTORS, Colorado Association of REALTORS, and the Greeley Board of REALTORS. He holds the designation of GRI from the Graduate REALTORS Institute, Certified Real Estate Brokerage Manager (CRB), Certified Residential Specialist (CRS) and the prestigious Certified Commercial Investment Member (CCIM) from the National Association of REALTORS, and is a Candidate for the MAI designation and a State Accredited Affiliate of the Appraisal Institute. He is one of less than 3,500 individuals nationwide to have earned the CCIM designation, and one of less than 100 to hold each of the CCIM, CRB and CRS designations. Bruce is a recognized authority on Greeley real estate. He has been the guest speaker at numerous local and state-wide clubs and organizations, including Rotary clubs, the Northern Colorado Builder's Association, and the Colorado Chapter of the Society of Industrial and Office REALTORS. Bruce has been appraising since 1987, and currently appraises for 1st Choice Bank, Bank One, Key Bank, Norwest Bank, First National Bank, Union Colony Bank, Kersey State Bank, Manufacture's Hanover, CUNA Mortgage, Coldwell Banker Relocation, State Farm Relocation, and numerous other parties and institutions in the Weld County area including: Greeley, LaSalle, Evans, Windsor, Eaton, Ault, Pierce, Kersey, Johnstown, Milliken, and Gilcrest. Bruce has appraised properties from single family residences and vacant sites, to whole subdivisions, apartment complexes, and shopping centers. • SI taibiNak2w. +''sYF k* tlY tWeek v.c >•nk.adai "nn. r: i✓0lekbak *tate of (luturadu Expires Not hansferable DEPARTMENT OF REGULATORY AGENCIES December thirty-first s. Number CG0131 5403 *** *** ***10 4 CERTIFIED GENERAL APPRAISER N , g ** * n * {t {t * I 6.9 r aanw **** nuc n n x ( This is to certify that the person shown below has been duly enrolled as shown above in the Stale'rtih*C.'olorM9'or thr#c$Rndar MN) through 1998 as provided for by the Laws of Colorado. Expires December thirty first 1998 44 P‘ 1 day BRUCE WILLARD of January 1996 /� a�"� !l�� SUITE 1 aZio . 1,sei„ [ GREELEY, CO 60631 Program Administrator . {[[! a L 918 13TH ST Authorized by the Board of Real Estate Appraisers, WITNESS by my hand and official seal at Denver, Colorado this 1st Cf t7 Dag 1(57 last4 `to /Ott BOE SUMMARY SHEET PIN #: R2116986 PARCEL #: 095911417004 KNOLL DARREN G & 3721 W 20 ST GREELEY, CO 80631 HEARING DATE: July 22, 1997 TIME: 8:30 a.m. HEARING ATTENDED? (Y@ NAME AGENT NAME: APPRAISER NAME DECISION: Land fi2ami yy ACTUAL VALUATION ORIGINAL SET BY BOARD $ 62,500 Improvements OR Personal Property 274,948 Total Actual Value $337,448 COMMENTS: MOTION BY At TO len^ SECONDED BY J / Failed to prove appropriate value No comparables given Increase/Decrease in Valuation Assessment Ratio Other: Hall -- N) Kirkmeyer -- N) Webster -- Y N) Baxter -- Y ) RESOLUTION NO. 1�'�,t�T "DC. COLORADO July 15, 1997 KNOLL DARREN G & 3721 W 20 ST GREELEY, CO 80631 CLERK TO THE BOARD PHONE (970) 356-4000 EXT.4225 FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 095911417004 PIN No.: R2116986 Dear Petitioner(s): The Weld County Board of Equalization has set a date of Tuesday, July 22, 1997, at or about the hour of 8:30 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. A number of hearings have been scheduled at this time; peitioners will be asked to sign in with the Clerk upon arrival, and cases will be heard on a first come / first heard basis. You have a right to attend this hearing and present evidence to the Board in support of your petition. The Weld County Assessor or his representative will be present. The Board will make its decision on the basis of the record made at said 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 5, 1997, and mailed to you on or before August 10, 1997. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes, of which you will be allowed 10 minutes for your presentation. 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. KNOLL DARREN G & - R2116986 Page 2 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. 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, Donald D. Warden, Clerk to the Board BY: Carol A. Harding Deputy Clerk to the Board cc: Warren Lasell, Assessor Hello