HomeMy WebLinkAbout991875.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 1999, WELD COUNTY, COLORADO - ADJUST
VALUE IN PART
PETITION OF: VWINOCO INC
PO BOX 2435
GREELE.Y, CO 80632
DESCRIPTION OF PROPERTY: ACCOUNT #: R2831486 PARCEL #: 096105404001 -
GR 104 L1 TO 8 BLK116 STRUBEL %430 5 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 1999, and
WHEREAS, said petition has been heard before the County Assessor and due Notice of
Determination thereon has been given to the taxpayer(s), and
WHEREAS, the taxpayer(s) presented a petition of appeal of the County Assessor's
valuation for the year 1999, claiming that the property described in such petition was assessed
too high, as more specifically stated in said petition, and
WHEREAS, said petitioner being present, 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
supported, in part, the value placed upon the property by the petitioner. The assessment and
valuation of the We d County Assessor shall be, and hereby is, adjusted as follows:
ACTUAL VALUE
AS DETERMINED ADJUSTED
BY ASSESSOR ACTUAL VALUE
Land $ 38,143 $ 30,304
Improvements OR
Personal Property 56,857 45,179
TOTAL ACTUAL VALUE $ 95,000 $ 75,483
991875
AS0043
RE: BOE - WINOCO INC
Page 2
BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by the Board
of Equalization may be appealed by selecting one of the following three options; however, said
appeal must be filed within thirty (30) days of this resolution:
1. Board of Assessment Appeals: You have the right to appeal the County
Board of Equalization's (CBOE's) decision to the Board of Assessment
Appeals (BAA). Such hearing is the final hearing at which testimony,
exhibits, or any other evidence may be introduced. If the decision of the BAA
is further appealed to the Court of Appeals, only the record created at the
BAA hearing shall be the basis for the Court's decision. No new evidence
can be introduced at the Court of Appeals. (Section 39-8-108(10), CRS)
Appeals to the BAA must be made on forms furnished by the BAA, and
should be mailed or delivered within thirty (30) days of denial by the
CBOE to:
Board of Assessment Appeals
1313 Sherman Street, Room 523
Denver, CO 80203
Phone: 866-5880
OR
2. District Court: You have the right to appeal the CBOE's decision to the
District Court of the county wherein your property is located. New testimony,
exhibits or any other evidence may be introduced at the District Court
hearing. For filing requirements, please contact your attorney or the Clerk of
the District Court. Further appeal of the District Court's decision is made to
the Court of Appeals for a review of the record. (Section 39-8-108(1), CRS)
OR
3. Binding Arbitration: You have the right to submit your case to arbitration.
If you choose this option the arbitrator's decision is final and your right to
appeal your current valuation ends. (Section 39-8-108.5, CRS)
Selecting the Arbitrator: In order to pursue arbitration, you must notify the
OBOE 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.
991875
AS0043
RE: BOE - WINOCO INC
Page 3
Arbitration Hearing Procedure: Arbitration hearings are held within sixty
days from the date the arbitrator is selected. Both you and the CBOE are
entitled to participate. The hearings are informal. The arbitrator has the
authority to issue subpoenas for witnesses, books, records, documents and
other evidence. He also has the power to administer oaths, and all questions
of law and fact shall be determined by him.
The arbitration hearing may be confidential and closed to the public, upon
mutual agreement. The arbitrator's written decision must be delivered to
both parties personally or by registered mail within ten (10) days of the
hearing. Such decision is final and not subject to review.
Fees and Expenses: The arbitrator's fees and expenses are agreed upon
by you and the CBOE. In the case of residential real property, such fees and
expenses cannot exceed $150.00 per case. The arbitrator's fees and
expenses, not including counsel fees, are to be paid as provided in the
decision.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 30th day of July, A.D., 1999.
BOARD OF COUNTY COMMISSIONERS
COL ADO
ATTES / Eko�J ,�, c
gteODale K. Hall, Chair
Weld y _ e :i:1 rd
EXCUSED
LL-N Barbara J. Kirkmeyer, Pro-Tem
BY:
Dep � �oard 7 , �
Georg-6E. B ter
APPROVED AS TO FORM: '77 1
Xf � �/ M. J. eile
t,c(6/„ _
As taut untyAttorney _
Glenn Vaa
991875
AS0043
NOTICE OF DENIALOFFICE OF COUNTY ASSESSOR
Kit
1400 NORTH C th650 GR 104 L1 TO 8 BLK116 STRUBEL
%430 5 STS 00 NORTH 17th AVE.A
0631
PHONE(970)353-3845,EXT.3650
WIIDe.
COLORADO OWNER: WINOCO INC
WINOCO INC LOG 538
PO BOX 2435 PARCEL 096105404001
ACCOUNT R2831486
GREELEY, CO 80632 YEAR 1999
05/24/1999
The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined that
your property should be included in the-Following category(ies):
COMMERCIAL PROPERTY IS VALUED BY CONSIDERING THE COST, MARKET, AND INCOME
APPROACHES.
If your concern is the amount of your property tax,local taxing authorities(county,city,fire protection,and other special districts)hold budget
hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget hearings.
The Assessor has carefully studied all aN ailable information,giving particular attention to the specifics included on your protest,and has determined the
valuation(s)assigned to your property. .fhe reasons for this determination of value are:
NO CHANGE HAS BEEN MADE TO TEE VALUATION OF THIS PROPERTY. COLORADO LAW REQUIRES
US TO SEND THIS NOTICE OF DENIAL FOR ALL PROPERTIES ON WHICH WE DO NOT ADJUST THE
VALUE.
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
LAND 38143 38143
IMPS 56857 56857
TOTALS $ j71i Ala- $ 95000 $ 95000
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.
05/24/1999
By: Stanley F. Sessions
WELD COUNTY ASSESSOR DATE
15-DPT-AR
Form PR-207-87/99 ADDITIONAL INFORMATION ON REVERSE SIDE
YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION
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 20 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 EOIJALIZATION'S DETERMINATION:
The County Board of Equalization must make a decision on your appeal and mail you a determination within five
business days of that decision. 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 10.
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, C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR
AMOUNT. Attach additional documents as necessary.
- 7
VAIL
1
WINOCO, INC.
P.O. BOX 2435 .. =,
GREELEY, COLORADO 80632-2435-
Phone ( 970) 346-8866 Fax ( 970) 352'-8961
July 2, 1999
Weld County Board of Equalization
P. O. Box 758
Greeley, CO 80632
Gentlemen:
This letter is our petition for a hearing relative to the Notice of Denial we have received
from the Weld County Assessor re their file:
LOG 538 PARCEL 096105404001
ACCOUNT R2831486 YEAR 1999
We are of the opinion that this property should be valued at no more than $50.,000
because of its location in the Poudre River flood plain, so designated on maps provided by the
City of Greeley.
Just this year the property was flooded to a depth of approximately two feet, causing the
current tenant to demand that we pay for clean-up and restoration in the amount of$21,272.59
while they would spend $16, 136.00 for clean-up of their tenant fixtures and in addition they
suffered a loss of many thousands of dollars in damaged merchandise.
We realize that these losses are not usual, but any prudent purchaser or future tenant must
take the flood risk into account in arriving at a price to offer for the property or to even consider
becoming a tenant.
It seems obvious to us that any future sales price or rental amount we might receive will
be a "bargain basement " amount, far less than the value of comparable facilities and land which
are not in the flood plain and under threat of flooding year after year. The present lease has less
than a year to run and we have been told by the tenant that they will not be willing to renew.
We respectfully request that you consider the above and that you reduce the assessment
by a significant amount.
Sincerely,
WINO, INC. �.
Darold inog ard( .�.T t
MAY-24- 99 MON 11:57 AM LICHTENFELS, PANS ING FAH NO. 303 722 9270 P. 04/13
.... 00 atiet, r.mil l
7-77-1(ft-nen 77J 4j(1/ N)(c, RNC. RGU',ii:sr ,��7/.� tiC-ficir(6- Gr 7)77,
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CON= tofSTAOCTZCit CO.
'resent Electric 05/19/99 Paga:2
Structure
Roost Sales Area LIME: 12'S" x 12'6" x 8'0■
Subroost 1: entry LSa' 20'0" x 12'6' x 8'0"
Missing wall' 1 - 5'0" x 8'0" open. Into 0 Goes to Floor/Ceiling
aubreos 2: counter Walla Lsexes 24'0" x 2'0" x 4'0"
1,052 SF Walls 458 SF Ceiling 1,510 SF Walls 6 Ceiling
458 SF Floor 58 SY Flooring 158 LE Floor Perimeter
358 SF tong Wall 208 SF Short Wall 158 LF Cell. Perimeter
DESCRIPTION =ITV earn nPLACS TOTAL
Clean concrete on the flour 458 SF 0 0.24+ 109. 92
A&R Cove base molding - 158 t.F 0 0.28♦ 1.51= 282.82
rubber or vinyl, 4" high
Kark. chaulk line and cut 158 LF 0 1.25= 197.50
drywall at 3 ' above floor.
R6,R 1/2" drywall - hung, 474 SF 0 0.35+ 1 -10.. 687.30
taped. ready for t.exLure
Texture drywall - machine 1, 052 SF 0 0 .354 368.20
Prime and paint walls 1, 052 SF 0 0.44- 462.88
R&R Hatt insulation - 4" 85.25 SF 0 0.23+ 0.65 75. 02
- R13
clean and disenfect: wall 474 SF 0 0.65= 308.10
cavity
Apply mildewcide - to wall 474 sr a 0.15= 71.10
area 3 ' up
Clean door 1 EA 0 12.00= 12.00
Prime and paint door unit 1 LA a 85.00- 85.00
MR Casing 35 LF 0 a.14 , 1.82- 75 .60
Paint concrete the floor 458 SF S 0 .69= 316.02
Room Total: Sales Area 3,051.46
MAY-24-99 MON 11 57 AN LICHTENFELS, PANSING FAX NO. 303 722 9270 P. 05/13
aaa ce7 xsm r.�ll
CONKER CONSTRUCTION CO.
Cresent Electric 05/19/99 Page:3
Room: linens Restrain LaMmd: 6'6' x 4'O' :x e'Ow
168 SF Walls 26 SF Ceiling 194 Sr Walls & Ceiling
26 SF Floor 3 SY Flooring 21 LF Floor Perimeter
52 SF Long Mall 32 6F Short Wall 21 LF Ceil. Perimeter
DPSCRlPTION UNITS REMOVE REPLACE TOTAL
Clean concrete on the floor 26 SF a 0.24= 6.24
R&R Cove base molding - 21 LP ® 0.28+ 1.51= 37.59
rubber or vinyl, 4" high
Mark, chaulk line and cut 21 LP a 1.25- 26.25
drywall at 3' above floor.
R&R 1/2" drywall - hung, 63 SF ® 0,35+ 1.10= 91.35
taped, ready for texture
Texture drywall - machine 168 SF E 0.35= 58.80
Prime and paint walls 168 SF 0 0.44 73 .92
R&R Batt insulation - 4" 63 SF W 0 .23+ 0,65= 55.44
- R13
Clean and disenfect wall 63 SF s 0.65= 40.95
cavity
Apply mildewoide - to wall 474 SF 0 0. 15= 71.10
area 3 ' up
R&R Interior door - legacy 1 EA a 6,76+ 122.32= 131.08
(Masonite)
Lockset - Detach & reset 1 EA 0 15.32= 15.32
R&R Casing 28 LF ® 0.34+ 1.82= 60.48
Paint concrete the floor 26 SF Q 0.69= 17 .94
Paint jamb & casing 51 LP 0 0. 95- 48.45
Sink - Detach & reset 1 EA E 54 . 95- 54 .95
Toilet - Detach k reset 1 SA S 73 ,49= 13 .49
Clean toilet 1 EA S 11.74- 11.74
MAY-24-99 MON 11 :58 AM L ICHTENFELS, PANSING FAX NO. 303 722 9270 P. 06/13
comma etennCTiox CO.
Cresent Electric 05/19/99 Page:4
Continued - Women Reatroom
DESCR2:YTIOW oWET9 RXMOVE REPLACE TOTAL
Clean sink 1 EA • 7.35= 7,35
R&R Vanity 2.5 LF a 5.35+ 109.35=
286.76
R&R Countertop - pact 2.5 LP • 2.42r 28.05. 76.18
formed Formica
Countertop - sink cut 1 EA a 37.68= 37.68
Room Total: WOmen9 Restroom 1,283.06
Room: Yens Restroos, Lawn: 11'0• x 6'3= a s'0= '
276 SF Walls 69 SF Ceiling 345 SF Walls & Ceiling
69 SF Floor 9 SY Flooring 35 LF Floor Perimeter
88 SF Long Wall 50 SF short Mall 35 LH Coil. Perimeter
D2SCRIPTIom OMITS CVs REPLACE TOTAL
Clean concrete on the floor 69 SF 0 0.24- 16.56
R&R Paneling 56 SF * 0.30+ 1.95■ 126.00
RCA Marlite shower surround 96 SF • 0.35+ 2.75. 297.60
Mark, chaulk line and cut 41 LF 0 1.25= 51.25
drywall at 3 ' above floor.
R&R 1/2" drywall - hung, 132 SF O 0.35+ 1.10= 191.40
taped, ready for texture
Texture drywall - machine 276 SF • 0.35= 96.60
Prime and paint walls 276 SF 0 0.44. 121 .44
R&R Batt insulation - 4" 105 SF 0 0.23+ 0.65- 92.40
- R13
Clean and disenfect wall 132 SF ® 0 .65= 85 .80
cavity
Apply mildewcide - to wall 132 SF 0 0.15= 19.80
area 3' up
Clean door 1 EA * 12.00- 12.00
MAY-24-99 MON 11:58 AM LICNTENFELSS,PANS[NO FAX NO. 303 722 9270 P. 07/13
.... _ . ..-_. _.. .. ..,.., ., .., Jo.) oe7 xia, 1'.IW11
CONS CONSTRUCTION CO.
Cresent Electric 05/19/98 page:5
Continued - Mens Restroom
DESCRIPTION UNITS REMOVE REPLACE TOTAL
Stain door unit 1 EA 0 30.00= 30.00
Lockset. - Detach & reset 1 EA 0 15.32s 15.32
AAR Casing 28 LF • 0.34+ 1.82. 60.4E
Paint concrete the flour 69 SF a 0. 69= 47.61
Paint jamb & caning 51 LF a 0. 95= 48.•5
Sink - Detach & reset 1 EA 0 54 .95- 54.95
Toilet - Detach i reset 1 EA 0 73.49. 73 .49
Clean toilet 1 EA S 11.74• 11.74
Clean sink 1 EA 0 7.35. 7.35
R&R Vanity 3.5 LF 0 5.35t 109.35= 401.46
R&R Countertop - post 3.5 LF 0 2.42+ 28. 05. 106.65
formed Formica
Countertop - sink cut 1 EA 0 37. 68= 37.68
Room Total: Mens Restroom 2,006 .03
Row:: Center Roes LXW*R: 10'0" x 6'0" x 810"
256 SF Walla 60 SF Ceiling 316 SP Walla i Ceiling
60 SF Floor i3 SY Flooring 32 LF Floor Perimeter
80 SF Long Wall 48 SF Short Wall 32 LF Ceil. Perimeter
DESCRIPTION UNITS REMOVE REPLACE TOTAL
Clean concrete on the floor 60 SF 0 0.24= 14.40
R&R Paneling 96 SF 0 0.30+ 1.95= 216 .00
Mark, chaulk line And cut. 32 LF a 1.25- 40.00
drywall at 3' above floor.
R&R 1/2" drywall - hung, 96 SF e 0.3S. 1.10= 339.20
taped, ready for texture
Texture drywall - machine 256 SF 0 0.35= 89.60
MAY-24-99 MON 11:58 AM LICHTENFELS, PANS ING FAX NO. 303 722 9270 r.cP, 08/l3
Cresent Electric commacouerRvcTzaar CO.
Continued - Center Room DS/19/99 Page:6
DalCRIPT201f USX ,g
Prime and s REPLACE TOTAL.
paint walls 296 SF •
0.44= 112.64
Clean and disenfect well 96 SF •
cavity 0. 65e 62.40
Apply mildewclde to wall 96 SF •
area 3' up 0.15= 14.40
Clean door 1 EA •
iT.00- 12.00
Prime and paint door unit 1 LA
85.00- 85.00
Leckset - Detach & reset 1 ER •
15.3'lY 15.32
R&R Casing 28 LF p 0.344
1.62= 60.48
Paint concrete the floor 60 SF
0.69. 41.40
Paint jamb & casing 51 LF 0
0. 95 48.45
Detach & Reset Peg board 64 SF
and furing 2.65= 169.60
Detach and reset window 1 EA
trim a35.00= 35.00
Room Total: Center Room
1,155.49
Room Catalog Room LacweRs 21'6o x 6'00 ,c 8.040
440 SF Walls 129 SF Ceiling 569 SF Walls & Ceiling
129 SF Floor 1€ WY Flooring 55 LF Floor Perimeter
172 SP Long Wall 48 SF short Watt 55 LF Ceil. Perimeter
D*BCRIPTIO3i mms 02240V11 Nahs.ACs
Tor--
Clean concrete on the floor 129 SF a 0.24= �_-_
30.96
R&R Cove base molding - 55 LF 0 0.28+
rubber or vinyl, 4" high 1.Sle 98.43
Mark, chaulk line wad cut 55 LF 8 1.25-
drywall at 3 ' above floor. 68••75
R&R 1/2" drywall - hung. 165 SF • 0 .35+ 1.10 taped, ready for texture 239.25
MAY-24-99 MON 11 :59 AM LICHTENFELS, PANSING FAX HO. 303 722 9270 P. 09/13
Creeent Electric C08RfYR CO��aTl01CTZON Co.
Continued - Catalog Room 05/19/99 Page:?
D16_CRIPTIOIW Min
REMOVE REPLACE TOTAL
Texture drywall - machine 440 SP
Prime and 0.35. 154.00
paint walls 440 SF a
0.44. 193.60
R&R Batt insulation - 4" 39.5 SF 0
- R13 0.23+ 0.65= 34.77
Clean and disenfect wall 165 SF N
cavity 0.65= 207.25
Apply mildewcide - to wall 165 SF a 0.13=
area 3 up 24. 75
R&R Interior door . lauan 1 EA 9 8.76. 163.30.
/ mahogany 172.06
Lockett - Detach & reset 1 EA 9 15.32= 15.32
R&R Casing 28 LF 9 0.34+ 1.82= 60.48
Paint Concrete the ricer 129 SF a 0.69- 89.01
paint jamb & casing 51 LF a 0.95.
48.45
Clean and oil jamb 21 LF a 0.95- 19.95
Room Total: Catalog Room 1,357. 05
Roane_ Office Lxwxx: 14.0• x 13'0" x 8.0•
432 SF Walls 182 3F Ceiling 614 sr walls & Ceiling
182 SF Floor 23 SY Flooring 54 LF Floor Perimeter
112 SF Long Wall 204 SF Short Wall 54 LF Ceil. Perimeter
DssCRIPTrOW Mtn REMOVE REPLACE TOTAL
Clean concrete on the floor 182 SF w 0.24- 43 .68
R&R Baseboard - 2 114" 54 LF a 0.25+ 1.85= 113.40
Paint baseboard 54 LF a 0.94= 50.76
Mark, chaulk line and cut 54 LF a 1.25= 67.50
drywall at 3' above floor.
MAY-24-99 MON 11 :59 _AM LICHTENFELS,PANS I NG FAX NO. 303 722 9270 P. 10/13
Creeent Electric coon CONSTRUCTION CO.
Continued - Office 05/19/09 Page:e
DESCRIPTION 01173 REMOVE
REPLACE TOTAL
R&R 1/2" drywall - hung, 162 SF
taped, ready for texture 0.35+ 1.100 234.90
Texture drywall - machine 432 9P s
0.35: 151.20
Prime and
paint walls 432 SF Q
0.44= 190.05
R&R Hatt insulation - 4" 53 SP a 0.23+
- R13 0 .65= 45.64
Clean and dieenfeet wall 162 SF 0
Cavity 0.65= 105.30
Apply mildewcide to wall 165 SP e
area 3 ' up 0. 1S. 24.75
-
R&R Interior door - lauan 1 EA 0 6.76+ 163.30=
/ mahogany 172.06
Lockset - Detach & reset 1 EA • 15.32=
15.32
R&R Casing 26 LF
0.34+ 1.82+ 60.46
Paint concrete the floor 182 SF B
0.69= 125.58
Paint jamb & casing 51 LF 0 0.95 48.45
Coat rack - detach and 1 EA a 23.00-
reset 23.00
Room Total: Office
1,473.10
Room; Warehouse T.a.Wfl: 60'0" z 50'0" a 14'0"
3,640 SP Salle 4, 000 SF Ceiling 7, 640 SF Walla & Ceiling 4.000 SP Floor 511 SY Flooring 260 LF Floor Perimeter
1,120 SF Long Wall 700 SF Short Wall 260 LF ceil_ Perimeter
DSSCRXPTION UNITS RaMoVE REPLACE
TOTAL
Clean Concrete on the floor 4,000 SF S 0.24=
960.00
R&R Sheathing - plywood - 200 SF w 035. +
1/2" CDX - North gall 2.25a 520.00
rotfaL P. 11
MAY-24-99 MON 11:59 AM LICHTENFELS,PANSING FAX NO. 303 722 9270 P. 11/13
•
COWER CONSTRUCTION CO.
Creeent Electric 05/19/99 Page:9
Continued - Warehouse
DESCRIPTION QEITS RNMOVE REPLACE TOTAL
Mark, cbaulk line and cut 150 LF a 1.25= 187.50
drywall at 3, above floor
- North wall.
R&R 1/2" drywall - hung, 150 SF 0 0.35t 1.10= 217.50
taped, ready tor texture
RMR Batt insulation - 4" 150 SF a 0.23* 0.65= 132.00
- R13
UP Laminated 2" insulation 780 SF a 0.65+ 1.85- 1, 950 .00
Clean and diseufect. wall 780 SF 5 0.65= 507.00 I
cavity
Apply mildewcide - to wall 780 SP a 0.15- 117.00
area 3 ' up
Paint concrete the floor 4,000 SF ® 0.69. 2,760.00
Room Total: Warehouse 7,351.00
Roes: General Conditions
DESCRIPTION UNITS REMOVE REPLACE TOTAL
Cartage of materials and 1 FA a 895.00+ 895.00
diapasal of debriis
Supervision and 1 EA 5 2,700. 00= 2,700.00
Coordination
Room Total: General Conditions 3,595.00
Area Total: Structure 21,272.59
MAY-24-99 MON 12:00 PM LICHTENFELS, PANSING FAX NO. 303 722 9270 P. 12/13
COMM C0rsrpauTxolr co.
Cres•nt Electric 05/19/99 Page:10
Room: Content
DESCRIPTION' UNITS AMOUR REPLACE TOTAL
Contents - move out to 160 HR a
temporary storage to 33.00. 5,280.00
preform structure repairs
Remove storage shelves, 72 RR m 38.00. 2,735.00
power wash and resat
after structure repair.
Contents - Reset content 160 HR a 33 .00■ 5, 280.00
from temporary storage
after repairs
Equipment - Container 2 EA
495.00. 990. 00
rental
Supervision and 1 EA a 1, 900.00= 1,900.00
coordination - for content
Room Total: Content 1',136.00
Line Item Subtotal:
37,458.59
MAY-24-99 MON 12:00 PM LICHTENFELS, PANSING FAX NO. 303 722 9270 P. 13/13
Crepe= Electric coma' C0NSTSUUTz� CO.
05/19/99 Page:11
Summary
Total Line Items 37,458.59
Materia]'. Tax * 7.7's x 7, 810.75 570.18
Grand Total
538,018.77
Grand Total Aroma:
6,264 SF Walla 4,924 SF Ceiling 11,188 SF Walla i Ceiling
4,924 SF Floor 628 SY Flooring 61S LP Floor Perimeter
1, 982 SF Long Wall 1,190 SF Short Wall 61S LP Ceil. Perimeter
Ray Cogdill
Estimator
1
Stanley F. Sessions
WELD COUNTY ASSESSOR
CHRISTOPHER WOODRUFF, DEPUTY ASSESSOR
APPRAISAL REPORT
OF
COMMERCIAL PROPERTY
FOR
County Board of Equalization
WINOCO INC
PETITIONER
vs.
WELD COUNTY ASSESSOR'S OFFICE
RESPONDENT
Parcel Number: 0961-05-4-04-001
Schedule Number: R2831486
Log Number: 538
Date: July 30,1999
Time: 9:00 AM
Board: CBOE
PREPARED BY
DAVID SCHILDMEIER
;A no t t} LX 4 V v\-tti- J 1 k Z \ 4-1
Signature Date
ASSESSOR'S OFFICE STAFF APPRAISER
CBOE_COMM 010998
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SALIENT FACTS AND CONCLUSIONS
Purpose of Appraisal To determine Market Value as of 1/1/99 based on an
appraisal date of 6/30/98.
Property Rights Appraised Unencumbered fee simple interest.
Location 430 5 ST
GREELEY
Land Area 76285 Square Feet
Zoning GRE IM
Property Type Commercial
1— Storage Warehouse
Year Built 1968
Year Remodeled 0
Quality Average
Class Metal Frame
Number of Stories 1
Improvement Sq. Ft. 5000
Basement Unfinished Sq. Ft. 0
Basement Finished Sq. Ft. 0
Mezzanine: 0
Value Indications:
Land 38143
Cost Approach 104283
Market Approach 95000
Income Approach 95000
Reconciled 95000
Final Value 95000
OBOE COMM 010998
1
LAND SALES SUMMARY SHEET
Sales
Sale Date of Contrib. Sales Area Price/
No. Grantor/ Grantee Sale Price In SF SF Land Zoning
Subject WINOCO INC
430 5 St -- 76, 285 I-M
Greeley, Co flood
fringe
1 Ells Jim/ Monfort
801 N 8 Av 10/95 $350, 000 677, 004 $0 .52 I-1/
Greeley, Co C-D
2 Comer,Robert/
Morrison, Heth 02/96 $57, 000 112, 200 $0 . 51 I-M
113 6 Av flood
Greeley, Co _ fringe
3 Dellenbach W P/
Automotive Prop 06/98 $65, 000 30, 000 $2 . 17 I-M
707 6 St
Greeley, Co
4 Winoco/ Davis Larry
520 8 St, 10/95 $46, 000 20, 125 $2 .29 I-M
Greeley, Co _
5 Tiedgen, Harold/ H-M
Partners 11/94 $142, 000 154,400 $0 .92 I-M
112 13 St
Greeley, Co _
SUBJECT SITE
The subject site is a 76 , 285 square foot rectangle, located in the
flood fringe (100 year flood plain) 3 blocks East of Highway 85 Bypass .
These comparable land sales with similar zoning show $0 . 50 PSF
average for land located in the flood fringe and $2 . 00 average outside the
flood fringe . This shows a downward 75% reduction for land located in the
flood fringe .
As a result of the land sales study, a value of $0 . 50 per square foot
has been applied to the subject land area or $38 , 143 .
2
WELD COUNTY ASSESSOR
Account#: R2831486 PROPERTY PROFILE Parcel #: 096105404001
MH Seq#: MH Space:
Appr Year: 1999 Levy: 91.113 #of Bldgs: 1 Active On:
Tax Dist: 0600 Map#: LEA: GRLY01 InactiveOn:
Assign To: DWS Initials: TST Acct Type: Commercial Last Updated: 7/15/99
Owner's Name and Address: Property Address:
WINOCO INC 'Street: 430 5 ST I
PO BOX 2435 City: GREELEY
GREELEY CO 80632 I
Business/Complex:
Sales Summary
Legal Description
GR 104 L1 TO 8 BLK116 STRUBEL%430 5 ST%
Valuation Summar
y
ry
Abst Unit of Number Of Value Per Assmt *Assessed
Land Type Acres SF Ag Code Code Measure Units Unit Actual Value Percent Value
Commercial 0 76285 2135 Square Feet 76285 $0.50 $38,143.00 0.29 $11,061.47
Land Subtotal: 76285 $38,143.00 $11,060.00
Buildings Valuation Summary
Abst Actual Assmt *Assessed
Bldg # Property Type Code Occupancy Value Percent Value
1 Commercial 2235 406- Storage Warehouse $56,857 0.29 $16,489
Improvements Subtotal: $56,857.00 $16,490.00
Total Property Value $95,000 $27,550
*Approximate Assessed Value
3
Monday, July 19, 1999 -
WELD COUNTY ASSESSOR
Account#: R2831486 PROPERTY PROFILE Parcel #: 0961.05404001
MH Seq#: MH Space:
Building #: 1 Condo SF Condo % Land: Condo % Bldg: Landscaping Qual/$
Property Type: Commercial Average $0.00
Quality: Average Nbhd: 101 Occupancy: Storage Warehouse
Condition: Average Nbhd Ext:
Perimeter: 300 Nbhd Adj: 1
Individual Built As Detail
Built As: Industiral Interior Office Sp Year Built: 1968
Construction Type: S Year Remodeled:
HVAC: Electric % Remodeled:
Interior Finish Adj Year Bit: 1968
Roof Cover: Effective Age: 30
Built As SF: 704 Mh Make:
#of Baths: Tag Length/Width: X
#of Bdrms: Tag Length/Width: X
#of Stories: 1 Mh Skirting LF:
Story Height: 20 MH Skirting Type:
Sprinkler SF: Diameter:
Capacity: Height:
Built As: Storage Warehouse Year Built: 1968
Construction Type: S Year Remodeled:
HVAC: None % Remodeled:
Interior Finish: Adj Year Blt: 1968
Roof Cover: Effective Age: 30
Built As SF: 4296 Mh Make:
#of Baths: Tag Length/Width: X
#of Bdrms: Tag Length/Width: X
#of Stories: 1 Mh Skirting LF:
Story Height: 20 MH Skirting Type:
Sprinkler SF: Diameter:
Capacity: Height:
Building Details
Bldg #: 1
ur Pd'crQng . ,,"<1�fu e l ,,'- . '.y• ``
Chain Link Fence 8ft 975 $11.50 $11,213.00
4
Monday, July 19, 1999
WELD COUNTY ASSESSOR
Account#: R2831486 PROPERTY PROFILE Parcel#: 096105404001
MH Seq#: MH Space:
Value Details
RCN Cost/SF: $26.66 Design Adj To: 0 Func Obs To: 0
Total RCN: $144,513.00 Exterior Adj To: 0 Econ Obs %: 0
Phys Depr%: 0.54 Interior Adj %: 0 Other Obs To: 0
', Phys Depr$: 78373 Amateur Adj To: 0
RCNLD$: $66,140.00 RCNLD Cost/SF $13.23 Market/SF: $0.00
Monday, July 19, 1999 5
PIN: 2831486 COMPARATIVE SALES APPROACH
NAME: WINCO
COMP SALE NUMBER SUBJECT 1 2 3 4
PARCEL NO 096105404001 96120320013 96117323019 96117113003 96109200017
ADDRESS 430 5 ST 3202 DENVER 2710 S 8 AV 125 23 ST 1450 ASH AV
GREELEY GARDEN CITY GREELEY GREELEY GREELEY
USE WHSE SER GAR WHSE WHSE WHSE
SALE DATE 01/14/97 11/04/96 10/17/96 07/24/97
SALE PRICE 131,631 175,000 130,000 134,000
ADJ. SALE PRICE 131,631 175,000 130,000 134,000
LAND VALUE 38,143 17,850 71,926 28,040 19,456
BLDG. VALUE 113,781 103,074 101,930 _ 114,544
WALL TYPE METAL METAL MASONRY METAL _ METAL
WALL HEIGHT 20 16 16 12 30
SIZE SF J 5,000 5,000 5,600 6,000 5,200
BLDG PRICE/SQ. FT. 22.76 18.41 16.99 22.03
YEAR BUILT _ 1968 1996 1949 1970 1984
EFFECTIVE YEAR 1970 1996 1975 1970 1984
ADJUSTMENTS:
BLDG.SIZE@17.00 0 -10200 -1700() -3400
BLDG AGE -36000 6400 7500 -20000
NET ADJ TO ADJ SALE PRICE -37000 -3800 -9500 -23400
ADD BLDG VALUE 113781 103074 101960 114544
NET ADJ TO SALE PRICE 76781 99274 92460 91144
ADD SUBJECT LAND 38143 38143 38"43 38143
INDICATED VALUE 114924 137417 130603 129287
INDICATED VALUE PSF 22.98 27.48 26.12 25.86
INDICATED MARKET VALUE 5000 X$19.00= 95000 �
6
COMPARABLE SALE
524
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a u.
Ai}
9 -. Yz 4E e.
5 �
PIN#, 3890786 PARCEL #: 096120320013
PRIMARY OCCUPANCY: SER GAR
OFFICE:
2ND OCCUPANCY:
ADDRESS: 3202 DENVER ST GARDEN CITY
PROJECT: BOOK#: 1587
SALE DATE: 01/14/97 RECEPTION #: 2529325
SALE PRICE: $131,631
ADJ SALE PRICE:
GRANTOR: JW SKID LOADER & R W INDUSTRIES
GRANTEE: PICKENS WAYNE & SHERRI
YEAR BLT: 1996
EFFECTIVE AGE: 1996 LAND/BLDG RATIO: 3.57
BLDG SIZE: 5,000 IMPS PRICE/PSF: $22.76
CLASS: S SALE PRICE/PSF: $26.33
CONSTRUCTION-QUAL: AVG CASH DOWN: $13,631
WALL HEIGHT: 16 LOAN: NEW
STORIES: 1 INTEREST RATE: 10.25%
BSMT SIZE: LOAN TERM (YRS): 15
LAND SIZE: 17,850 POINTS PAID:
LAND VALUE: 17,850
REMARKS: THE SALES PRICE INCLUDES THE ADJACENT LAND
PARCEL TO THE SOUTH OF THE SUBJECT (WOL #
0961-20-3-20-014). GRANTEE WAS THE FORMER TENANT
FOR APPROX. 1 YEAR. GRANTEE FEELS THE MARKET
VALUE OF THE SUBJECT TO BE APPROX $170000.
COMPARABLE SALE
526
_ -__ "
PIN#, 0010492 PARCEL#: 096117323019
PRIMARY OCCUPANCY: STOR/WHSE
OFFICE: 0.05
2ND OCCUPANCY:
ADDRESS: 2710 S 8 AVE GARDEN CITY
PROJECT: BOOK#: 1576
SALE DATE: 11/04/96 RECEPTION #: 2519347
SALE PRICE: $175,000
ADJ SALE PRICE:
GRANTOR: SCHEIRMAN THOMAS R
GRANTEE: HPAW;LLC
YEAR BLT: 1949
EFFECTIVE AGE: 1975 LAND/BLDG RATIO: 6.88
BLDG SIZE: 5,600 IMPS PRICE/PSF: $18.41
CLASS: C SALE PRICE/PSF: $31.25
CONSTRUCTION-QUAL: AVG CASH DOWN: $175,000
WALL HEIGHT: 16 LOAN:
STORIES: 1 INTEREST RATE:
BSMT SIZE: LOAN TERM (YRS):
LAND SIZE: 38,526 POINTS PAID:
LAND VALUE: 71,926
REMARKS: THE SUBJECT SALE INCLUDES THE ADJACENT LAND
PARCEL JUST TO THE EAST OF THE SUBJECT
(PARCEL 0961-173-23-20)
COMPARABLE SALE
495
• 'xxr as rd-
a ;u=
PIN#, 3486286 PARCEL #: 096117113003
PRIMARY OCCUPANCY: STOR WHSE
OFFICE: 0.24
2ND OCCUPANCY:
ADDRESS: 125 23 ST GREELEY
PROJECT: BOOK #: 1572
SALE DATE: 10/17/96 RECEPTION #: 2516176
SALE PRICE: $130,000
ADJ SALE PRICE:
GRANTOR: HS RESOURCES
GRANTEE: RED NAPE TERCEL
YEAR BLT: 1970
EFFECTIVE AGE: 1970 LAND/BLDG RATI 6.23
BLDG SIZE: 6,000 IMPS PRICE/PSF: $16.99
CLASS: S SALE PRICE/PSF: $21.67
CONSTRUCTION-QUAL: AVG CASH DOWN:
WALL HEIGHT: 12 LOAN: NEW
STORIES: 1 INTEREST RATE: 10.0%
BSMT SIZE: LOAN TERM (YRS) 5
LAND SIZE: 37,386 POINTS PAID:
LAND VALUE: 28,040
REMARKS:
COMPARABLE SALE
577
}
PIN#, 3332486 PARCEL #: 096109200017
PRIMARY OCCUPANCY: STOR WHSE
OFFICE:
2ND OCCUPANCY:
ADDRESS: 1450 ASH AVE GREELEY
PROJECT:
SALE DATE: 07/11/97 BOOK #: 1617
SALE PRICE: $134,000 RECEPTION #: 2559711
ADJ SALE PRICE:
GRANTOR: SECODYNE INC
GRANTEE: SMITH GLENN & ROBERTA
YEAR BLT: 1984
EFFECTIVE AGE: 1984 LAND/BLDG RATIO: 9.35
BLDG SIZE: 5,200 IMPS PRICE/PSF: $22.03
CLASS: S SALE PRICE/PSF: $25.77
CONSTRUCTION-QUAL: AVG CASH DOWN: $50,000
WALL HEIGHT: 30 LOAN: NEW
STORIES: 1 INTEREST RATE: 7.80%
BSMT SIZE: LOAN TERM (YRS): 2 YR BALLOO
LAND SIZE: 48,640 POINTS PAID:
LAND VALUE: 19,456
REMARKS: THE SUBJECT WAS VACANT AND LISTED FOR SALE
SINCE 6/93.
07/28/99
PROFORMA INCOME WORKSHEET
Parcel : 0961-05-4-04-001
Name: winco inc
Prop Address: 430 5 St Greeley, co
Bldg sq ft Use No of Units
5000 whse 1
Effective
Tax rate mill rate assm't rate tax rate
0.091113 0.29 0.026423
Annual
Fractional rent units rent/month size/bay rent psf
1 1300 5000 3.12
Avg rent psf
Subject Rents Annual Annual gross
Area rent psf Income
1 flr rate psf 5000 3.12 15600
Less vacancy & expenses
vacancy 5% 780
*expenses 20% 3.120
Net income 2.34 11 ,700
Net Income/overall cap rate=Property value
Property Value
value per sq ft
Cap rate + eff tax rate 0.09 0.0264 0.12 100,496 20.10
0.10 0.0264 0.13 92,547 18.51
Total property value $95,000
*owner expense: Ins, mant, Mgmt
Gross Net
Comparable Bldg Year income income
rentals Use Address size const'd per sq ft per sq ft
comer ind pk whse 625 3 st 67,440 1977 $3.21 $2.25
barnsco west whse 602 4 av 6,800 1973 $3.50 $2.80
gerald sutton whse 425 15 st 6,750 1982 $4.44 $3.33
miller bros whse 306 n 8 av 9,491 1966 $2.31
11
WIN1_INC.WK4
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