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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._ //#J/3/ o4.1 - -9q /1(, Q7 Bk — 2 ,_v.2 �- ,to F\ - i -C3 - it') A few. Li kit> Iz 1/4s-; A _ p.E .9- T,1/4)- _ a .��.t,ccc 111111e. 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 Stool c.`) PRRklltdr — THE Pot..,,rv4 ;eoP£RT y c4L6 k r -nil /5 PRoP&/ry IS A SMRtt ckD +3UrLD/Air /7 —SELF /S /3docur 25&'o Po? — /1 Sr. Sea ‘4122._ E. r WITH AN OLD, OLD RPR2r/hc/vr H/SOU£_ IT1 Ie Biz -Itt Sr, & P l4 LOTS SEtc5 Ed for 242K /AJc fiNo A Pic ck StFre/l, Melt 26eie D 000 OG/2 Se/ILO/4/4- is AD T ce)d2 e/£A// fL i /f4 r fry/ , E /9/1 C= NO r,n,4QU r/£ snLK/rs t r , 2S °tat, ViqLLi —. 36- K ,tin �.��ne rr • ��r,. 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 .F' 20th RO J K M LOTH!' A now ST; 20th ;T N 21 22i UA'LEW $ HOO OLORADO UEDI_AL h CENTER. UONTVI PARK ST 'o'. GR n CENTRAL HIGH SCHOOL KIWANI LOL1 E PAR PARK PL WAS. (NOT N > ST FIE < C FORD e UNIV RSIT CCN ER UNIVERSITY. HIGH SCHOOL c R00.tH CENT l� UNIVERSII' O! p0• NORTHERN COLORADO (UNC) UNC ST JACKS. FIELD wood Crn uu,1T5 E. 17th ST V. o 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 a Z O O U a 11! ni m a -:o U N 0 U w m U) N 01 N d' H H V U U) 0 O 01 O O O 0 N H 0 0, 0 0 U) N H ADJ.SALE PRICE O 0 H O O N 0 0 U) H H O O H 0 r U) O 0 H U0 o U) r o r U N a O O U) F N H Ln N N U] Ln 0 Un r- 0 r U) M 0 Z N H N O 01 O 0 0O O U U1 N H cL 0 2 F' H N U) N 0 in 5-1 N O O m H U0 H u U) H H CO L U1 0 0 CO co 0 H on -4) N 0) r O a d' H In 0 CO 0 '-I H gc a 0 0 On en W ZO O w IJ W a W O a O O 0 U, r b O O O O O z w 0 Lel M 0 r H O U) U, '-i U) O U) O N l0 N U, i0 U, en r r 0 O ID O O H O H 0 0 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 Hello