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Home My WebLink About981316.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1998, WELD COUNTY, COLORADO - STIPULATE PETITION OF: BRIDGE AND ASSOCIATES WINTON LIMITED 801 8TH STREET GREELEY, CO 80631 DESCRIPTION OF PROPERTY: PIN: R2811086 PARCEL: 096105315023- GR 4851 L32-33- 34 BLK 44 TOGETHER WITH PORTION OF VAC 8TH ST DESC AS COMM SE COR BLK 44 W9.75' TO TRUE POB S10.5'W24' N6.0 THENCE W3.0' N4.5' E27.0' TO TRUE POB (265.5SQ.') ALSO COMM SE COR BLK44 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 $ 31,255 $ 31,255 Improvements OR Personal Property 489.335 418,745 TOTAL ACTUAL VALUE $ 520,590 $ 450.000 981316 AS0040 .'• A--S , P� RE: BOE - WINTON LIMITED 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 WE COUNTY, COLORADO ATTEST: i �� .�, �� -W 1 !4 '�� Constance L. Harbert Chair J WeldCounty �r . aj �i ` '�� .` W. H. J/D !4/ ster, em De.uty Cler' %Rt°�-��r� e --��. rge . Baxter APPROVED AS TO FORM: , ��/ /�� -CPAt rn4.1 Dale K. Hall �C my At rney b' EXCUSED Barbara J. Kirkmeyer 981316 AS0040 ILL 15 '98 10:54 FROM WELD CO TREASURER TO 13035737050 PAGE.002/003 1998 COUNTY BOARD OF EQUALIZATION RECEIVED WELD COUNTY ASSESSOR'S PIN NUMBER R2811086 JUL 16 1998 WELD COUNTY ASSESSOR STIPULATION (As To Tax Year 1998 Actual Value) Greeley, Colorado RE PETITION OF NAME: Winton Limited ADDRESS: 801 8 Street Greeley, Co Petitioner(s) , Bridge a Associates and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 1998 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 : Office/ retail buildings n downtown busin4c district 2. The subject property is classified as CQmmerccial property (what type) . 3 . The County Assessor originally assigned the following actual value to the subject property for tax year 199a: Land $ 31.255 Improvements $489. 335 Total $520: 590 4 . After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following tax year 1998 actual value for the subject property. Land $ 31. 255 Improvements $418. 745. Total $450, 000 981316 JUL 15 '98 10:54 FROM WELD CO TREASURER TO 13035737050 PAGE.003i003 5. The valuations, as established above, shall be binding only with respect to tax year 1998 . 6. Brief narrative as to why the reduction was made: Subject building is 1 as d a b low mark t n and high exn n c due to a gold suite operation. 7. Both parties agree that the hearing scheduled before the Board of Equalization on (date) at (time) be vacated; or, a hearing has not yet been scheduled before the Board of Equalization XX (check if appropriate) . DATED thisfifthteenth day of July , 1998. AaJrsc Petitioner(s) or Attorney Petitioner(s) or Attorney Al mg Omni_ Address : Address: BRIDGE & ASSOCIATES 820 SIMMS ST. SIIITF 19 col nFN, CO 80401 Telephone: 3c3- 37- 6997 Tel hone: County As e sor Address: 1400 North 17th Avenue Greeley, CO 80631 Telephone: (303) 353-3845 ext. 3656 • ** TOTAL PAGE.003 ** • OFFICE OF COUNTY ASSESSOR NOTICE OF DENIAL f 1400 NORTH 17th AVE. ‘1--, GR3-384 CO.365 GR 4851 L32-33-34 BLK 44 TOGETHER PHONE(970)353-3845,EXT.3650 WITH PORTION OF VAC 8TH ST DESC ' AS COMM SE COR BLK 44 W9.75' TO TRUE POB S10.5' W24' N6.0' THENCE '' • n I n, OB (265. R UE P 5SQ') ALSO COMM SECORBLLK44 COLORADO OWNER: WINTON LIMITED TO IH I BRIDGE & ASSOCIATES LOG 344 216 SIXTEENTH STREET MALL SUITE 950 PARCEL 096105315023 ACCOUNT R2811086 DENVER, CO 802025123 YEAR 1998 06/22/1998 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): 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 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: WE HAVE REVIEWED YOUR PROPERTY VALUE AND IT IS CORRECT. STATE LAW REQUIRES THAT 1995/1996 COST, MARKET AND INCOME INFORMATION BE USED TO ESTABLISH CURRENT VALUES. PLEASE SEND A COPY OF YOUR APPRAISAL. • • PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW LAND 31255 31255 IMPS 489335 489335 • TOTALS $ $ 520590 $ 520590 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. 06/22/1998 By: WARREN L. LASELL WELD COUNTY ASSESSOR DATE 15-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 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. MAaicer A-Ah mic.olvt6 AMcorle+(zS 76 vALue, Ash) MOST Stae,s,e4Lc,y Tik Seru4L pJEt MJcomg 6r.Je2A7 3Y so/Esc-it s✓fro,e.rs 4 V4tc4 or / 35t 000, Se ATlA-kD BRIDGE & ASSOCIATES sTETA � 11 820 SIMMS ST. SUITE 12 7-6 - 9P UFLI:OFI l nUNE I1 eX WAL1 & GULUCN, CO 80401 DA CE 303- -237- 6997 ��L��-JA� 1 . I. 7 (,c?, CASH FLOW - Madison & Main 01/01/97 December 1996 PRE' D FOR: PREPARED BY: onto;ono{, Ltd. y 7 gWopo sst ReSaglttY Maa[�ageement �[ 7theEtkeetnton GBleley, Cb' 8O��31e Zvi$ F Greeley, Colorado Month to Date % Year to Date INCOME R nt 7,585.00 80.06 92,177.00 91.17 O her Income 1, 688.72 17.82 5,799.01 5.74 P• rking Income 545.00 .54 T-le-communications, Inc. 201.00 2.12 2,585.00 2.56 TOT INCOME 9,474.72 100.00 101,106.01 100.00 EXP NSE R pair, Plumbing 32.56 .34 930.81 .92 Con pair, Heat & Air 80.00 .84 2, 652. 65 2.62 R pair, Building 3,390.00 3.35 F x & phone charges 99.41 1.05 1, 408.80 1.39 P rking Expense 120.00 .12 T.le-Equipment & Repair 110.00 .11 L.cks-Keys 90.73 .96 433. 65 .43 Maintenance-Bldg 5,700.55 60.16 10,240.04 10.13 P ant & Lawn Care 754.51 .75 I surance 1, 682.00 1. 66 Management 457.80 4.83 5,565.84 5.50 C eaning 1,836.00 19.38 14,043.10 13.89 Painting 2,050.00 2.03 E ectricity 902. 99 9.53 10,283.76 10.17 G's 75.72 .80 554.50 .55 Water & Sewer 102.07 1.08 1,126.48 1.11 T ash 56.00 .59 667.53 .66 L-gal & Accounting 253.00 .25 A•vertising 14.84 .16 647.52 . 64 T'xes & Licenses 12, 669.12 12.53 ;sc. Expense 25.00 .26 1,245.64 1.23 S pplies, Office 28 .30 .30 1,824.18 1.80 S pplies, Building 275.85 2.91 4,508.53 4. 46 •llection Expense 15.00 .01 •mmissions, Leasing 540.00 5.70 4, 539.60 4.49 ..yroll Expense 250.00 2.64 250.00 .25 Secretary, Salary • AL PAYROLL EXPENSE 250.00 2.64 250.00 .25 T• EXPENSE 10,567 .82 111.54 81, 996.61 81.07 NE ' INCOME -1, 093.10 -11.54 19, 130.40 18. 93 • CASH FLOW - Madison & Main 01/01/96 December 1995 PRE ARED FOR: PREPARED BY: Winton, Ltd. L.J. Woods Realty Management c/o Robert Tointon 801 8th St. , Suite 220-F 822 7th Street Greeley, CO 80631 Greeley, Colorado Month to Date % Year to Date 9 IN OME ent 7,015.00 93.37 87, 468.75 91.03 ther Income 300.95 4.01 5,226.87 5.44 arking Income 5.00 .07 275.00 .29 ele-communications, Inc. 192.50 2.56 3, 122.00 3.25 T AL INCOME 7,513.45 100.00 96,092.62 100.00 EX ENSE epair, Plumbing 80.00 .84 2, 652.65 .25 epair, Heat & Air Con. 3,390.35 .78 epair, Building 1, 408.80 .48 ax & phone charges 275.41 3. 67 120.00 1. 96 arking Expense 110.00 .12 ele-Equipment & Repair 433. 65 .70 ocks-Keys 6.36 .08 804.63 .84 aintenance-Bldg 220.06 2.93 8, 647.40 9.00 lant & Lawn Care 49.00 .65 931.81 .97 nsurance 1, 681.00 1.75 nagement 583.35 7.76 5,469.25 5. 69 leaning 1,094.81 14.57 12, 622.51 13.14 ainting 2, 658.90 2.77 lectricity 803.42 10.69 11,090.29 11.54 as 45.64 .61 613.86 . 64 ater & Sewer 189.88 2.53 840.42 .87 rash 49.00 .65 541.22 .56 egal & Accounting 40.00 .04 dvertising 100.00 1.33 162.57 .17 axes & Licenses 11, 684.34 12.16 isc. E:lpense 751.00 10.00 2, 528.64 2.63 upplies, Office 13.97 .19 1,334.27 1.39 supplies, Building 23.54 .31 2,032.31 2.11 commissions, Leasing 903.60 12.03 3, 620.10 3.77 To AL EXPENSE 5,149.04 68.53 73,236.26 76.21 NE INCOME 2,364.41 31.47 22,856.36 23.79 1j a J Hello