HomeMy WebLinkAbout951498.tiffRESOLUTION
RE: THE BOARD OF EQUALIZATION, 1995, WELD COUNTY, COLORADO
PETITION OF:
C R GOULD & CO
1838 25 AVE
GREEELY, CO 80631
DESCRIPTION OF PROPERTY: PIN: R 2826486 PARCEL: 096105335009 - GR 5232 N43FT
S130FT L15-16BLK77%1021 8TH AVE%
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 Cherrill Gould, 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:
951498
Pc. As , JULti.d
AS0032
RE: BOE - C R GOULD & CO
Page 2
ORIGINAL
Land $ 12,900
Improvements OR
Personal Property 47.100
TOTAL ACTUAL VALUE $ 60.000
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
fora 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)
951498
AS0032
RE: BOE - C R GOULD & CO
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 1st day of August, A.D., 1995.
BOARD OF COUNTY COMMISSIONERS
ATTEST:
Weld County Clerk to the Board
BY
Deputy eler guard
\•417.‘sa^vv I'
APPROVED AS TO;FO(RI(A
3-iry
COUNTY, CO +RA
ADa K. Hall, Char
LL/ � y/CG its
ara J. Kirkmey er Prd�em
Barb ,
. Baxter
Consta
7)1
W. H. Webster
4
(AYF)
(AYF)
(AYF)
J / It2 111-' (NAY)
951498
AS0032
wipe /
/3 &t) -i6-5 -in
BOE DECISION SHEET
PIN #: R 2826486 PARCEL #: 096105335009
C R GOULD & CO
1838 25 AVE
GREEELY, CO 80631
HEARING DATE:
95 TIME: 9:00 A.M.
HEARING ATTENDED? /N) NAME (v/'v-c -s <��
AGENT NAME:
APPRAISER NAME - Ct
DECISION:
DECREASE IN VALUATION
INCREASE IN VALUATION
NO CHANGE IN VALUATION
ASSESSMENT RATIO
Land
ACTUAL VALUATION
ORIGINAL SET BY BOARD
$ 17,90(1 $ /C1 9F7C>
Improvements OR
Personal Property 47,100
Total Actual Value $ 60,000
COMMENTS:
MOTION BY Ci ./j TO --2-cy
SECONDED BY -fe
Failed to prove appropriate value
No comparables given
Other:
4"),lec-'C
$ � O 8? rc
Baxter --,/N)
Hall -- )
Harbert -- N)
Kirkmeyer -- )
Webster -- (Ye
951498
RESOLUTION NO._
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COLORADO
July 10, 1995
C R GOULD & CO
1838 25 AVE
GREEELY, CO 80631
Dear Petitioner(s):
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.: 096105335009 PIN No.: R 2826486
The Weld County Board of Equalization has set a date of Thursday, July 27, 1995, at or about the
hour of 9:00 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.
C R GOULD & CO - R 2826486
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-�_b� ( �ChAAd4
Kim rlee A. Schuett, Deputy
cc: Warren Lasell, Assessor
C.
COLORADO
C R GOULD E CO
1838 25 AVE
GP Er L Y
OFFICE OF COUNTY ASSESSOR
1400 NORTH 17th AVE.
GREELEY, COLORADO 80631
NOTICE OF DENIAL
PHONE (970) 353-3845, EXT. 3656
GP 5232 N43FT SI.30FT L15-15BLK77:1021 8TH AVE%
1 0 2
8
OWNER C R GOULD E CO
CO 806 31
AV GREEI_EY
PARCEL
PIN
YEAR
LOG
096106336404
R 28264 8C: 1 4
1995
00328
IJ
05/02/1995
The appraised value of property is based on the appropriate
tegory{es) Lion of the ap
proaches to value required by law. The Assessor has determined
that your property should be included in the following
RESIDENTIAL PROPERTY IS VALUED BY CONSIDERING THE MARKET APPROACH.
AGRICULTURAL LAND VALUE IS DETERMINED SOLELY BY THE EARNING OR PR
CAPACITY OF THE LAND, CAPITALIZED AT A RATE SET BY LAW. ODUCTIVE
ALL OTHER PROPERTY, INCLUDING VACANT LAND, IS VALUED BY CONSIDERING THE C
MARKET, AND INCOME APPROACHES,
Oa T,
If your concern is the amount of your property tax, local taxing authorities (county, city, fire protection, and other special districts)
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 hold
deter-
mined the valuation(s) assigned to your property. The reasons or this determination of valueention to hare?ecifics included on your protest and has
YOUR PROPERTY HAS BEEN UNIFORMLY VALUED FOLLOWING COLORADO
INSTRUCTIONS PUBLISHED BY THE STATE DTVISION OF PROPERTY TAXAW AND
.
YOUR PROTEST OF VALUE HAS BEEN DENIED DUE TO COMPARISON OF OTHERN
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
you disagree with the Assessor's decision, you have the right to appeal
b0 00 O o 6c
County
I-8-106(1)(4), C,R.S. Please see the back of this form for detailed information
on filing
Equalization for further consideration,
g your appeal.
-OPT-AR
rm-PR-207-67/94
WARREN L. LASELL
WELD COUNTY ASSESSOR
05/04/95
ADDITIONAL INFORMATION ON REVERSE SIDEDATE
('.- /3S
15
YOU HAVE THE RIGHT TO
Hoard of E.ut a z.atlon w,il s
party (land ant,: l ar t t
(JARS
PROCEDURES:
E ASSESSOR'S
WELD CHUN IT BOARD CF EOUALIZA TION
PU, Hex 758
80632
4225
NOTEFiCA tON OF HEARING:
You will be notified of the time and ,.i.,C+-' bat HE Ifni boor
NTY BOARD OF EquAUZATiON"S OATERMtfdA r iiON:
The County Board af £-oualizatton oust £'take; -3 decision r on your appeu
r. .,ness days. The County Board Lois; conninde thon bearing:ah,.; Ar-; .
TAXPAYER RiGHIS FOR FURTHER APPEALS:
County Hood of Ei
y t oarrl of E 1uallz Lion's written deosicnr with ON
District Court:
9th Avenue and Sill Srreet, P.O. Box C
Greeley. Colorado 80632
Telephone 19701 356-400m Ext 4520
•
Arbitration:
WELD COUNTY BOARD OF EQUALIZATION
915 10th Street. P.O. Box 758
Greeley, Colorado Hobbs
Telephone (970) 356 -WOO Ext_ -1225
ou do not receive a determination from the County Humeri of ;i rtuo ,z.aa.>n you must f
essmentAppeals by September IS.
-fO PRESERVE YOUR APPEAL Rig HT,
THEREFORE, WE RECOMMEND ALL CORRESPOci
PETITION To THE :OIN:`5
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WITH AN OLD, OLD RPR2r/hc/vr H/SOU£_ IT1 Ie Biz -Itt Sr,
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i�'
.
C. R. GOI11:I) ct CO
CHERRILL GOULD
1838 25TH AVE.
GREELEY, CO 80631
APRIL, 29, 1995
MR. WARREN LASELL
WE1,1) COUNTY ASSESSOR
1400 N. 17TH AVE.
GREELEY, COLORADO 80631
DEAR MR. LASELL,
WE HAVE JUST RECEIVED OUR NOTICE OF VALUATION ON OUR
PROPERTY KNOWN AS 1021 8TH AVE., GREELEY. I DO NOW UNDERSTAND
THE INCREASE. THIS IS A VERY OLD BUILDING THAT IS LAND LOCKED ON
BOTH SIDES. WHY THE INCREASE, I STRONGLY PROTEST THIS. IT JUST
ISN'T CORRECT.
PLEASE REEVALUATE THIS PROPER"I'Y. IT HAS NOT INCREASE 30% IN
FACT IT HAS NOT INCREASED AT ALL'
FEEL FREE TO CONTACT ME AT ANYTIME TO DISCUSS THIS. MY
PHONE NUMBER IS (970) 352-g909.
SINCERELY,
Cm
CHERRILL GOULD
CROOK HEARING
DATE: July 27, 1995
TIME: 9:00 A.M.
SUBJECT: C.R. Gould & Co.
ADDRESS: 1021 8 AVENUE, GREELEY, CO
PIN#: 2826486
I 0VPRII.FSVC0MMPRCLPR0TESTS (JOUI DI ai
PIN: 2826486
PARCEL: 0961-05-3-35-009
PROPERTY OWNER: C R GOULD & CO
ADDRESS: 1021 8 AVENUE, GREELEY
OCCUPANCY: RETAIL/APT
QUALITY OF CONSTRUCTION: AVERAGE
CONDITION: AVERAGE
YEAR OF CONSTRUCTION: 1908
GROSS AREA
RENT PER SQUARE FOOT
POTENTIAL GROSS INCOME
LESS VACANCY
EFFECTIVE GROSS INCOME
LESS EXPENSES
NET OPERATING INCOME
OVERALL CAP RATE
ESTIMATE OF VALUE
2 FLOOR APARTMENT (from market)
TOTAL ESTIMATE OF VALUE
IAWIPI I ESA OMMERCLAPRDTESI'SGOULD l Os
RETAIL
2,500
3.60
9,000
5%
8,550
20%
6,840
13%
52,615
10,000
62,615
Rounded 62,600
RETAIL RENTAL
Rental Building Name Rentable Area Year Rate P.S.F. Most Recent
No. and Location in Sq. Ft. Const. Rentable Area Lease Date
Subject C R Gould
1021 8 Ave, Greeley 2,500
1 Sleep'N Comfort
809 10 St, Greeley 5,000
2 Rag Merchant
918 8 Ave, Greeley 2,125
3 Baker Bldg
1015 8 Ave, Greeley 1,600
4 Garretsons
806 8 St, Greeley 2,875
1 \W PEILES\COMMERCLWROTESTS\GOULD3.95
1908
1946 3.60
1905 4.52
1934 5.25
1900 4.59
1993
1993
1993
1994
SUBJECT PHOTOGRAPHS
Southwest elevation showing front of building
u,ki L F ROTES rsc1LI.0
COMPARABLE LAND SALES
SALE
NO.
GRANTOR/
GRANTEE
DATE OF
SALE
SALES
PRICE
AREA
IN SQ
FEET
PRICE/
SQ
FEET
ADDRESS
SUBJECT
4,300
I
WU/
THOMPSON
10/08/92
15,000
3,000
5.00
925 16 ST, GRLY
2
FERGUSON/
NORBEL
CREDIT
06/30/93
59,000
9,500
6.21
819 13 ST, GRLY
3
WINEGAR/
BLAIR
05/04/92
40,000
5,750
6.96
1527 9 ST, GRLY
4
TREGONING/
ESSEX
SQUARE
10/01/94
50,000
9,500
5.26
1 1 18 9 ST, GRLY
I W PIILESCOMMERCUPROI Ls [s.OO, !LI) as
Location Map
MADISON
SCHOOL
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E. 17th ST
V.
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19th ST
E. 19th ST RD
i
E. 20th ST <i
Parcel Number : 0961-05-3-35-009
Property Owner : CR Gould
Address : 1029 8 Av
City, State, ZIP: Greeley, Co 80631
Surveyed by : D Schildmeier
Date of Survey : 7/19/95
Occupancy: 71% Retail Store, 29% Multiple Residence
Floor Area: 3,500 square feet Number of stories: 2.0
Class: Masonry Average story height: 13.0 feet
Cost rank: Average Effective age: 34 years
Cost as of: 6/94
Heating and Cooling:
Wall Furnace 100%
Other features:
Units
Cost Total
Basic structure cost 3,500 49.43 173,005
Less Depreciation:
Physical and Functional
Depreciated Cost
<51.9%>
Miscellaneous:
Land
Total
<89,789>
83,215
12,900
96,115
Rounded to nearest $1,000 96,000
Cost data by MARSHALL and SWIFT
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J`,N'PFILES.COMMERCUPROTESTS'.GOLILD3 95
PARCEL #: 96105322005
ADDRESS: 817 9
SALE DATE: 04/12/91
SALE PRICE: $125,000
GRANTOR: LAUGHREN, JEFFERY
GRANTEE: WYKSTRA, RONALD A &
CONSTRUCTION-QUAL: 0
PR/SF(IMPS): $25.94
PR/SQ FT: $28.57
LAND SIZE: 2,875
LAND VALUE: $11,500
LAND/BLDG RATIO: 0.66
COMPARABLE SALE
1058
PIN: 2813786
OCCUPANCY: RETAIL
ST
GREELEY
BLDG SIZE:
YEAR BLT:
CLASS: C
WALL HEIGHT:
BSMT SIZE:
4,375
1898
22
2875
REMARKS: I FLR 2875 SF + 2 FLR 1500 SF=4375 INTERIOR
REMODEL 1987; NEW STORE FRONT 1986
COMPARABLE SALE.
273
PIN: 2816986 PARCEL #:
96105327004
RAG MERCHANT
OCCUPANCY:
ADDRESS: 918 8 AVE
PROJECT: 0
SALE DATE: 03/31/94
SALE PRICE: $45,000
ADJ SALE PRICE:
GRANTOR: SANFORD CORP
GRANTEE: LOPO VIRGINIA
YEAR BLT: 1905
BLDG SIZE: 2,125
CLASS: C
CONSTRUCTION-QUAL: AVG
WALL HEIGHT: 12
STORIES: 1
BSMT SIZE: 1750
LAND SIZE: 2,585
LAND VALUE: 10,340
RETAIL
GREELEY
BOOK N: 1434
RECEPTION N: 2381493
LAND/BLDG RATIO:
IMPS PRICE/PSF:
SALE PRICE/PSF:
CASH DOWN:
LOAN: NEW
INTEREST RATE:
LOAN TERM (YRS):
POINTS PAID:
REMARKS: BUYER WAS LEASING $800/MO GROSS. GRM 4.52
EST 10% VAC 25% EXP NET 6480 OAR 14.4%.
BSMT UNF STORAGE.
1.22
$16.31
$21.18
$3,000
7.5%
5
0
COMPARABLE SALE
271
PARCEL #:
96105328051
PIN: 2820186
ADDRESS:
PROJECT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
GRANTOR:
GRANTEE:
YEAR BLT:
BLDG SIZE:
CLASS:
CONSTRUCTION-QUAL:
WALL HEIGHT:
STORIES:
BSMT SIZE:
LAND SIZE:
LAND VALUE:
OCCUPANCY:
809 10 ST
0
02/03/94
$120,000
GARRETSON, PAUL
SLEEP'N COMFORT
1946
5,000
C
AVG
20
1
5000
5,000
20,000
RETAIL
GREELEY
BOOK #:
RECEPTION #:
LAND/BLDG RATIO:
IMPS PRICE/PSF:
SALE PRICE/PSF:
CASH DOWN:
LOAN:
INTEREST RATE:
LOAN TERM (YRS):
POINTS PAID:
NEW
1426
2372632
1.00
$20.00
$24.00
$20,000
0.0%
5
0
REMARKS: PREVIOUS SALE 9/29/89 $110,000. 1 FLR 5000 SF
MEZZ 1600 SF STORAGE. BSMT UNF 5000 SF
STORAGE. LEASED 3 YEARS START JUN 93 $1500/MO
GROSS W/PURCHASE OPTION GRM 3.6 OAR 10.1%.
COMPARABLE SALE
155
PIN: 2813886
PARCEL #:
96105322006
ADDRESS:
PROJECT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
GRANTOR:
GRANTEE:
YEAR BLT:
BLDG SIZE:
CLASS:
CONSTRUCTION-QUAL:
WALL HEIGHT:
STORIES:
BSMT SIZE:
LAND SIZE:
LAND VALUE:
iaSwwRR 3TORR
GREELEY HARDWARE CO.
OCCUPANCY:
815 9 ST
0
12/15/94
$69,000
HILSABECK JOHN
REVITTE MATTHEW
1898
2,675
C
AVG
24
2
2675
2,875
11,500
REMARKS: 1031 EXCHANGE.
2 FLR 1500 SF 2
STORAGE. BUYER
PLUMBING. SALE
RETAIL
GREELEY
BOOK #:
RECEPTION #:
LAND/BLDG RATIO:
IMPS PRICE/PSF:
SALE PRICE/PSF:
CASH DOWN:
LOAN:
INTEREST RATE:
LOAN TERM (YRS):
POINTS PAID:
1 FLR 2675 SF COMM'L SPACE,
-2BDRM APT, BSMT 2675 SF
R&R HOT WATER HEAT & NEW
2/28/85 $95,000.
1472
2419880
1.07
$21.50
$25.79
$0
0
0.0%
0
0
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