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Home My WebLink About981371.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1998, WELD COUNTY, COLORADO - STIPULATE VALUE PETITION OF: PAWNEE TRANSPORTATION INC 2313 17TH ST GREELEY CO 80631 DESCRIPTION OF PROPERTY: PIN: R0124987 PARCEL: 096120308009 - EVS 13132-B PT L1 NE4SW4 20 5 65 & PT VAC GOLDEN ST BEG NE COR OF L1 SHICH PT IS ALSO ON 2 RNV LINE OF UPRR W303.25' ALONG N LINE OF L1 EXTENDED INTO VAC ST TO PT 5' E OF NE COR L6 NE4SW4 SOD32'W TO 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 1998, 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 1998, 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: ACTUAL VALUE AS DETERMINED ACTUAL VALUE BY ASSESSOR AS STIPULATED Land $ 47,705 $ 47,705 Improvements OR Personal Property 779.821 744.295 TOTAL ACTUAL VALUE $ 827.526 $ 792.000 981371 AS0040 PC-', RE: BOE - PAWNEE TRANSPORTATION, INC 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 4th day of August, A.D., 1998. BOARD OF COUNTY COMMISSIONERS W( COUNTY, COLORADO ATTEST- ( �" [�J211d� '�> K�Y`��/2,�� Constance L. Harbe , Chair Weld County Cl. i t 'F W. . ebster, Pro-Tem/ BY. hfI D putt' ark Gard Georg . .T Baxter APPROVED AS TO FORM: Dale K. Hall � 1 �Cstant C my Attorney I EXCUSED Barbara J. Kirkmeyer 981371 AS0040 RECEIVED 1998 COUNTY BOARD OF EQUALIZATION J U L 2 1 1998 WELD COUNTY WELD COUNTY ASSESSOR Greeley, Colorado ASESSOR'S PIN NUMBER a STIPULATION (As To Tax Year 1998 Actual Valuei RE PETITION OF NAME: Pawx'xek 'arisQrtatic';_iic::c.ti_- _._�---- ADDRESS : 2313. 1 7th Stye t �ee * * * * Pet itioner- (s) ,PAwnee 3ransportat:i'?ri Ipc . and the Weld Coun} Assessor, hereby enter into this Stipulation regarding the tax ye- 1997 valuation of the subject property, and jointly move that r. Board of Equalization to enter its order based on this Stipulatio: Petitioner{s) and the Assessor agree and stipulate as follow:.-. 1 . The property subject to this Stipulation is described a goc' llet Evans. o1Ora 8C6^ _-- - -__- 2 . The subject property is classified as COMMERCIAL property (what type) . 3 . The County Assessor originally assigned the fo1lowin.: actual value to the subject property for tax year 1998 Land $ 47, 705 Improvements $ 779, 821 Total $ 82t..526 4 . After further review and negotiation, the petitioner(a: and Weld County Assessor agree to the following tax year. 199 • actual value for the subject property. Land $_4Z. 705 Improvements $_2444:a25._ -_ Total 5 792, 'QQ 981371 • ri 0 i'EnUd 10li_il i i 5 . The valuations, as established above, shall be bindin only with respect to tax year_.198 6 . Brief narrative as to why the reduction was made : _ Adjusted t peti tionerg _..9,QIudl_-;ncom_ considering the subjects: }v,ical vacancy (a cpy of__the ease as been obtaine.. from the pet i on_exa_ agex L _ 7 . Both parties agree that the hearing scheduled before thy_ Board of Equalization on _ (date) at (time) be vacated; or, a hearing has not yet been scheduled befor: the Board of Equalization (check if appropriate) . TED this ?dam day af. DULY �, 12Q?4....... ..., Petitioner (s) or ttorney Petitioner (s) or Attorney Address : Address : 747_q_W. Fifth_Avenua__.-- -- -__—._ —. . Suite 321 - Lakewood. CO 8_0,26 • Telephone : zrn-71.1-gc-1z Telep one : - - .. 1 _- unty Assessor Address: 1400 North 17th Avenue Greeley, CO 80631 Telephone: (303) 353-3845 ext. 365 : • NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400 NORTII 17th AVE. CREEL!.Y,CO 80631 EVS 13132-B PT L1 NE4SW4 20 5 65 E. PT VAC GOLDEN ST BEG NE COR OF PHONE(970)353-384?,EXT.3650 L1 WHICH PT IS ALSO ON W R/W LINE C OF EXTR DED3.2T' VACNS N OIPT 5F - O pyE1 EXTENDED I6TO VAC ST DTO3 PT T' E OF NE COR L6 NE4SW4 SOD32'W TO OWNER: PAWNEE TRANSPORTATION INC COLORADO • PAWNEE TRANSPORTATION INC LOG 483 2313 17TH ST PARCEL 096120308009 ACCOUNT 80124987 GREELEY, CO 80631 YEAR 1998 07/07/1998 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): 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: A 1982 COLORADO CONSTITUTIONAL CHANGE REQUIRES COMMERCIAL PROPERTY TO BE VALUED BASED ON THE 1996 LEVEL OF ACTUAL VALUE AND ASSESSED AT 29% FOR 1998. REPLACEMENT COST, MARKET, AND INCOME ARE APPROACHES USED TO DETERMINE THE ACTUAL VALUE OF YOUR PROPERTY. YOUR VALUATION IS SUPPORTED BY THE APPRAISAL PROCEDURES REQUIRED BY LAW. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW 47705 47705 LAND 779821 779821 IMPS ad/DLb U2/546 TOTALS $ $ $ 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. 07/07/1998 By: WARREN L. LASELL DATE WELD COUNTY ASSESSOR I5-DPT-AR Form PR-207-87/94 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 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 EQUALIZATION'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 TIIE 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. OWNER'S OPINION OF VALUE = $792,000 PLEASE SEE THE ATTACHED. ADDITIONAL INFORMATION WILL BE PRESENTED AT THE HEARING. PAWNEENSPORTATION,/'IINC. B�1, I:C July 10, 1998 hf „rIG Lam yne F Dann DA I b C./ 13") ( LAYNE F. MANN ATTORNEY AT LAW 7475 WEST FIFTH AVENUE, SUITE 321 LAKEWOOD,COLORADO 80226 Telephone: (303) 233-8533 Fax: (303) 233-3065 PROTEST TO THE WELD COUNTY ASSESSOR Property Schedule No.: Parcel 11096120308009/Sch. #R0124987 Property Address: 600 31st Street, Evans Property Owner: Pawnee Transportation Inc. Property Actual Valuation: $827,526 Requested Actual Valuation: $792,000 Basis For Protest: The subject property is a leased storage warehouse. Attached is a copy of a lease in the property executed on November 1, 1995 providing for the tenant to move into 12,000 sf beginning January 1, 1996, 24,000 sf beginning January 1, 1997, and an additional 32,000 sf on January 1, 1999. 2. The lease provides for rent of$2.75/sf for the first 12,000 sf and $3.00 for the additional space. 3 During the base year period the property experienced a large vacancy. The vacancy never dropped below 12,000 sf, or 27%. 4. Based on the base year executed lease attached, we respectfully request the County's consideration for valuing the property on an income approach basis, utilizing a rent rate of$2.75, a 20% vacancy allowance (larger than typical to account for the subject's actual base year vacancy), a 10% expense rate to account for owner's insurance, accounting, management, replacement reserves expenses, capitalized at 11%. The resulting property value would be $792,000. PAWNEE TRANSPORTATION, INC. BY: ��a.--- - J Layne F. Mann, #15611 6,//9f ,.)fit. LAYNE F. MANN ATTORNEY AT LAW 7475 WEST FIFTH AVENUE, SUITE 321 LAKEWOOD,COLORADO 80226 Telephone: (303)233-8533 Fax: (303) 233-3065 July 15, 1998 Weld County Board of Equalization 915 10th Street P. O. Box 758 Greeley, CO 80637 RE: Schedule#R0124987/Parcel #096120308009 Dear Board of Equalization: Enclosed please find a completed and signed Petition to the County Board of Equalization for the referenced property. Could you please call me regarding a hearing date and time before you set this for hearing in order that I might check my schedule for purposes of avoiding hearings at the same time and day as I might also be scheduled in other Counties. At the moment I have a BAA hearing the morning of July 27, I have Denver County BOE hearings the afternoon of July 27, I have Arapahoe County BOE hearings all day on July 28 and I have BOE hearings scheduled in Adams County on July 31. Thank you for working with me in advance on a date that doesn't conflict with these dates. Sincerely, Layne F. Mann LFM/tm Enclosure Certified Mail #Z 433 340 246 with return receipt requested W. 11 CLERK TO THE BOARD PHONE (970) 3564000 EXT.4225 FAX: (970) 352-0242 915 10TH STREET liD P.O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO July 21, 1998 Parcel No.:096120308009 PIN No.: R0124987 PAWNEE TRANSPORTATION INC 2313 17TH ST GREELEY CO 80631 Dear Petitioner(s): The Weld County Board of Equalization has set a date of Tuesday, August 4, 1998, at or about the hour of 9:45 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; petitioners 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, 1998, and mailed to you on or before August 10, 1998. 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. n q iR l PAWNEE TRANSPORTATION - R0124987 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 a Donald D. Warden, Clerk to the Board l BY: 1 7'�Z- 44,St if* �' !'1l �/ Kimberlee A. Schuett Deputy Clerk to the Board cc: Warren Lasell, Assessor Layne F. Mann 1813 .7 PAWNEE TRANSPORTATION - R0124987 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: 7 / 3(./'/ a!L! Kimberlee A. Schuett Deputy Clerk to the Board cc: Warren Lasell, Assessor Layne F. Mann cis8t3 "11 Hello