The URL can be used to link to this page

Browse Search

Home My WebLink About991906.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1999, WELD COUNTY, COLORADO - STIPULATE PETITION OF: MACY DEVELOPMENT COMPANY 650 SOUTH CHERRY STREET SUITE 1400 DENVER, CO 80222 DESCRIPTION OF PROPERTY: ACCOUNT#: R6298186 PARCEL#: 147131006010 - BRI BIP3-10 L10 BLK3 BRIGHTON INDUSTRIAL PARK LTD %740 N 9 AVE DR% SUB:BRIGHTON INDUSTRIAL PARK LIMITED BLK:3 LOT:10 SECT,TWN,RNG:31-01-66 SITUS: 740 N 9 AV 1 BRIGHTON 80601 PARCEL: 147131006010 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, 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 $ 30,000 $ 30,000 Improvements OR Personal Property 175,036 160,000 TOTAL ACTUAL VALUE $ 205,036 $ 190,000 ? 991906 cr AS0043 RE: BOE - MACY DEVELOPMENT COMPANY, R6298186 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., 1999. BOARD OF COUNTY COMMISSIONERS D COUNTY, COLORAD ATTES ► `� ,J.=�� etch 4, ,,fJtc Da . Hall, Chair Weld . ,,I,, ^oard ja&1 EXCUSED Leto: ,�, : 2'�® �/ Barbara J. Kirkmeyer, Pro-Tem BY: 11 w& V i .1' ( C"- DNicj 4 1 J Yid rf oard - — 7,47, 7 .��""l'-1 ._ _ xter APPROVED AS TO FORM: yldAll Li M. J. Geil Q As taut Cooly Attorney ciliCt /il/'\ Glenn Vaa� `� 991906 AS0043 1999 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR' S ACCOUNT NUMBER R6298186 STIPULATION (As To Tax Year 1999 Actual Value) RE PETITION OF NAME: C/O Macy Development Company ADDRESS : 650 South Cherry Street _Denver. Cr�i074F, Petitioner (s) , C/O Macy Development Company and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 1999 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 : 740 N 9th Ave Brighton, Co. 80246 2 . The subject property is classified as Commercial warehouse property (what type) . 3 . The County Assessor originally assigned the following actual value to the subject property for tax year__1999 Land $ 30 . 000 Improvements $ 175 . 0R6_ Total $ 205 . 036 4 . After further review and negotiation, the petitioner (s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 30 . 000 Improvements $ 160, 000 Total $ 290 , 000 991906 5 . The valuations, as established above, shall be binding only with respect to tax year 1999 . 6 . Brief narrative as to why the reduction was made : The subject wareb use has had a prolonged vacancy of 40% to 80% for approximately one and one half years . This vacancy rate is well above the tLpical market and was taken into account when determining__the subject' s value . 7 . Both parties agree that the hearing scheduled before the Weld County Board of Equalization on (date) at _ (time) be vacated; or, a hearing has not vet been scheduled before the Board of Equalization X (check if appropriate) . DATED this 29th day of July , 1999 m C y ✓✓r t o2 ttniv.POsikm -L- )1 —".1'Ll�r_._- ' )ate-QcCity ✓r5 Petitioner (s) or Attorney Petitioner (s) or Attornley C46-n-t:/La< 1l Address : Address : 6'_so c9. C4,-l4✓uti,-I 1`f-o O yy � (-1-0 Telephone : _ Telephone(/d3) - County se sor Address : 1400 N. 17th Avenue Greeley, CO 80631 (303) 353-3845 ext . 3656 JUL-27-1999 TUE 02:39 PM PLAZA II LTD. FAX NO. 3033222600 P. 01 MACY DEVELOPMENT COMPANY 650 S0. CHERRY ST., STE. 1400 DENVER, CO 80246 (303)321-8888 (303)322-2600 FAX !. . . - .Y�VM.m..... . . facsimi�le transmit To: Carol Harding—Weld County Fax: 970-352-0242 Assessor From: Valerie Stevens/Donald Macy Date: 07/27/99 Re: Parcel 147131006010- Pages: 3 Account R6298186 CC: •[]Ulpent • Cl For Fierier/ Cl Please Comment 0 Please Reply • 0 Please Recyci Carol, This fax will confirm that we did g81 receive the Notice of Determination from the Weld County Assessor's office regarding Parcel No. 147131006010,Account No.R6298186. As indicated on our Notice of Valuation, our correct zip code is"80246". Please have the Assessor's records reflect this change. You may fax any notice to us at(303)322-2600 or call us at(303)321-8888. Thank you your assistance in this matter. • Valerie Stevens, Donald Macy Project Administrator eon; NoMrce of Yak nchoji ` �•• 4 I• ..1 1 1Y JUL-27-1999 TUE 02:3B PM PLAZA II LTD. FAX NO. 3033222600 P. 02 56889 • NOTICE OF VALUATION REAL PROPERTY , LEGAL DESCRIPTION: This Is Not a Tax Bill Stanley F. Sessions Weld Count Assessor DRI DIP3-10 LIO BLIt 3 BRIGIITON INDUSTRIAL PARK 1400 N. 171 i Avenue . LTD%740 N 9 AVE DRY.SUB:BR1GHTON INDUSTRIAL Greeley,C 8063 I PARK LIMITED BLK:3 LOT:IOSECT,TWN,RNG Date: May 1,1999 LIEARRCIINj 'lDUA(T�$ES: 5/3/999 /1hAvenuc 5-DIGIT 80222 T LNil'�lONE NO: 3_3R45 x-3650 C/O MACY DEVELOPMENT COMPANY 76 FAX full 970) 650 SOUTH CHERRY STREET SUITE 1400 DENVER CO 8022244f. TAX YE : 1999 IAA 2032 NO ACCOUN" 147131006010 • R6296186 SI UA CURRENT YEAR ACl AL YEAR INDUSTRIAL 190000 205036 15036 TOTAL 190000 _040336 , 15036 Parcel!! 147131006010 / Account# R62 8186 To appeal by mail, list your name, address, and phone# below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Name: Miscy Weld County Assessor Address. , 1400 N. 17th Avenue a+-I Co. ,-SZcc, Greeley, CO 80631 Phone: t) +i - Mar An assessment percentage will be applied to the actual value of your property before taxes are calculated..The assessment percentage for residences is projected to be .— y 74 .. __ %. Generally, all other property, including vacant land, is assessed at 29%of actual value(39-1-104(1)and (1,5), C.R.S.). A change in the projected residential assessment percentage is not grounds for an appeal of value or abatement of taxes. (39-5-121(1), C.R.S.) For oil and gas leaseholds, the value shown above is the taxable value of your property. Appraisal data used to establish value were gathered from the 18 month period ending June 30 1998. If data from that period were insufficient,data from the five year period ending June 30 1998 were used. Your property was valued as of January 1 of the current year. The"current year actual value"represents the actual or market value of your property. The tax notice you receive next January from the treasurer will be based on that value. ' ricUM I NTAT )N - REAS(')N R REQUES IN i A RFFy W: ' 17-12- w ca .�? vt-��,^c.�J�/.o�--s��Q /�� /�y��a�� d1e.�v��1;��y4�0(7 G D y�� J1 1r✓a LAA-c- -ei° ek.a I - ~�/lit_ .--- , thadtc JUL-27-1999 TUE 02:39 PM PLAZA II LTD. FAX NO. 3033222600 P. 03 YOU I LAnVE THE RIGHT TO APPEAL YOUR REAL PROPERTY VALUE OR ITS CLASSIFICATION, --------------APPEAL PROCEDURES REAL PROPERTY APPEAL PROCEDURES APPEAL BY MAIL: Jif yo 'choose to mail a written appeal,you may elect to complete the appeal portion of this form,detach it, and mail or PA it to the Assessor at the address listed on this Notice of Valuation. '1'0 preserve your right to app ,your mailed appeal mud be postmarked no later than May 27. TO PRESERVE YOUR APPEAL RIGHTS, YOU MAY BE REQUIRED TO PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. APPEAL iN PERSON; if you choose to present oral or written objections to the Assessor in person,you may elect to complete the appeal form at the bottom of this paga- and deliver it to the Assessor at the address listed on this Notice of Valuation. Appeal in person between May 3 and June 1. ASSESSOR'S DETERMINATION: The Assessor must make a decision on your appeal and mail a Notice of Determination to you by the last regular working day in June. APPEALING THE ASSESSOR'S DECISION: I f you arc not satisfied with the Assessor's determination, or if you do not receive a Notice of Determination from the Assessor,you must file a written appeal with the County Board of Equalization on or before.luly 15. REAL PROPERTY APPEAL FORM YOU MAY ELECT TO COMPLETE THE FORM WIIIC11 FOLLOWS TO APPEAL YOUR PROPERTY VALUATION OR CLASSIFICATION. Completing the Real Property Questionnaire which follows will help you determine an estimate of value lhr your property. Which can be compared to the value dela mined by the Assessor, Colorado law requires consideration of the market approach to value for residential properties(Includes apartments)and the cost,market,and income approaches to value for vacant land,commercial, and industrial properties. • REAL PROPERTY QUESTIONNAIRE ATTACH ADDITIONAL DOCUMENT'S AS NECESSARY MARKET APPROACH: This approach to value uses sales from the appropriate time period to determine the actual value of your property. The following items, if known,will help you estimate the market value of your Property- If available, attach a copy of any appraisal or writtcu estimate of value. Have similar properties in your immediate neighborhood sold? DATE SOLD PROPERTY ADDRESS SELLING PRICE nag: The Cost and Income Approaches are used for Non-Residential properties only. COST APPROACH: This approach uses replacement cost new, less depreciation and is hest when the 5 structures are new or less than yrs old. If the structure is less than 5 yrs old please answer the following: Type of Structure Cost to construct new I lave changes been made since construction. Pie describe them. Type of change Cost 'type ofchange ` _ _ ".`...,._."_..._... Cost ype of change ...._ Cost_ INCOME APPROACH: This approach uses net income from operation of a property which was rented or leased the previous year and converts the net income into actual market value.'Please attach operating statements showing icome and.exp roses related to operation of the buildings only, These statements should reflect the past� 3 eats of operation if possible; Also show rents of comparable properties,if you have that information available, If youhave an appraisal showing the income approach which was done in the past 2 years,please attach also. Based upon the infonnaq'ipn shown above case give your estimate of the true market value of your property as /t of June 30, 1998 $ ( tie n p0 p�'Ns�CGr.�a.. Hello