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Home My WebLink About971448.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1997, WELD COUNTY, COLORADO - STIPULATE VALUE PETITION OF: DRAPER GAIL 2504 W 25 ST GREELEY, CO 80631 DESCRIPTION OF PROPERTY: PIN: R2458786 PARCEL: 095913411004 - GR B10-8 L8 BLK10 BRENTWOOD PK%2504 25TH ST RD% 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 1997, 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 1997, 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 $ 16,250 $ 16,250 Improvements OR Personal Property 95.436 86.750 TOTAL ACTUAL VALUE $ 111.686 $ 103.000 971448 AS0038 RE: BOE - DRAPER GAIL 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 31st day of July, A.D., 1997. BOARD OF COUNTY COMMISSIONERS WELD UNTY, COLORADO ATTEST:A/,I�� 1�tits / /i �,/ E. , .e. . /t_ %,:, eorge Baxter, Chair IN' Weld Coynt :%$_�tb9,:oa ,. 4� tae '' =,it,409S / • Constance L. Harb rt, P o=Te � BY: / ,.t,. .v..il!� _ De.' ` Cie; , thee :-/: d ipss Dale K. all spa APPROVED AS TO FORM: EXCUSED e! Barbara J. Kirkmeyer, Afluorney J D� �� 7T W. H. Webster 971448 AS0038 1997 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR' S PIN NUMBER R2458786 STIPULATION (As To Tax Year 1997 Actual Value) RE PETITION OF NAME : Draper Gail ADDRESS : 2504 W 25th St Greeley, CO 80631 Petitioner (s) , Gail Draper and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 1997 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 : L8 B] k 10 BRENTWOOD PARK 2504 25th ST RD - GREELEY 2 . The subject property is classified as RESIDENTIAL property (what type) . 3 . The County Assessor originally assigned the following actual value to the subject property for tax year 1997 Land $ 16 , 250 Improvements $ 95 , 436 Total $ 111, 686 971448 4 . After further review and negotiation, the petitioner (s) and Weld County Assessor agree to the following tax year 1997 actual value for the subject property. Land $ 16 . 250 Improvements $ 86 . 750 Total $ 103 , 000 5 . The valuations, as established above, shall be binding only with respect to tax year 1997 6 . Brief narrative as to why the reduction was made : Appraisal submitted 7 . Both parties agree that the hearing scheduled before the Board of Equalization on FRIDAY, AUGUST 1 , 1997 (date) at 10 : 30 a.m. (time) be vacated; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate) . DATED this 23RD day of JULY , 1997 . etitioner (s)` or At orney Petitioner (s) or Attorney Address : (( Address : SZH occ, ) Telephone - k 1 Ta— Telephone : County Assessor G e.tr 0 e,a4q) Address : 1400 North 17th Avenue Greeley, CO 80631 Telephone : (303) 353-3845 ext . 3656 NOTICE OF ADJUSTMENT OFFICE OF COUNTY ASSESSOR rit /// GR B10-8 L8 BLK10 BRENTWOOD 1400 NORTH 171h AVE. j/6 PK%2504 25TH ST RD% GREELEY,CO 80631 yrA,{` PHONE(970)353-3845,EXC.3650 OWNER: DRAPER GAIL COLORADO DRAPER GAIL LOG 7127 2504 W 25 ST PARCEL 095913411004ACCO -- ' ACCOUNT R2458786 - 245 r-' GREELEY, CO 80631 -.J 07/02/1997 0 r L.J 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): RESIDENTIAL PROPERTY IS VALUED BY CONSIDERING THE MARKET APPROACH. 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: DUE TO THE VOLUME OF APPEALS YOUR NOTICE OF DETERMINATION HAS BEEN DELAYED AND POSTMARKED LATER THAN JUNE 30TH. IF YOU WISH TO APPEAL YOUR VALUATION FURTHER PLEASE FORWARD A COPY OF YOUR NOTICE SHOWING THIS MESSAGE ALONG WITH YOUR DESIRE TO GO TO THE COUNTY BOARD OF EQUALIZATION. THIS WILL ALLOW YOU AN EXTENSION THROUGH MIDNIGHT JULY 21ST. BASED ON A STUDY OF COMPARABLE PROPERTIES THAT SOLD FROM 1/1/95 TO 6/30/96 WE HAVE ADJUSTED YOUR PROPERTY TO THE 1997 LEVEL OF VALUE AS SHOWN BELOW. PETITIONER'S ASSESSOR'S VALUATION I� PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW LAND 16250 16250 IMPS 103161 95436 TOTALS $ 3, fro $ 119411 $ 111686 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- l06(I)(a),C.R.S. Please see the back of this form for detailed information on filing your appeal. By: WARREN L. LASELL 07/02/1997 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. „tic, H'/� u Z. 0. C t ti , v ? 5, <I e-v+ /;'.41 A-� /Z: i 5' S A p�q-i 5,9�/ 06 - 1,S , �� 774 7 4 PYl A-2&. r S-7 /qt 9 4 -,-lw /4-1w S ,"fi' ^s 103; B4fl . C 0` c p ThA t S'4( d_AA r© r 7 PnPUt.� LJ C9i a r�Jv S ‘"t w S / t c- L )AIuC- rs 8.417 ffigLO '-- h " 21 , �� °s '/03. 9oo .E,�� PRECISION APPRAISALS, INC. A Division of Brumley's Floor Covering, Inc. File No. R14896 7 APPRAISAL OF SINGLE FAMILY DWELLING LOCATED AT: 2504 W. 25th St. Road Greeley, CO 80631 FOR: Pioneer Mortgage Services 4238 15th Street Ln. Greeley, Co. 80634 AS OF: MARCH 15, 1996 BY: SHARA M. BRUMLEY CERTIFIED RESIDENTIAL APPRAISER SHARA M. BRUMLEY - APPRAISER, 1331 9TH STREET,GREELEY,CO. 80631 (970)356-1254 OR(970)352-3393 411110 PRECISION APPRAISALS, INC. A Division of Brumley's Floor Covering, Inc. File No. R14896 Pioneer Mortgage Services 4238 15th Street Ln. Greeley, Co. 80634 File Number: R14896 In accordance with your request, I have personally inspected and appraised the real property at: 2504 W. 25th St. Road Greeley, CO 80631 The purpose of this appraisal is to estimate the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the estimated market value of the property as of MARCH 15, 1996, is: One Hundred Three Thousand Dollars ($103,000) The attached report contains the description, analysis and supportive data for the conclusions, final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. �C M - ( tiaj SHARA M. BRUMLEY CERTIFIED RESIDENTIAL APPRAISER #CR01316946 SMB SHARA M. BRUMLEY - APPRAISER, 1331 9TH STREET,GREELEY,CO. 80631 (970)356-1254 OR(970)352-3393 T fliiii is-.- Property Description UNIFORM RESIDENTIAL APPRAISAL REPORT File No. R14896 Property Address 2504 W. 25th St. Road City Greeley State CO Zip code80631 Legal Description LOt 8, Block 10, Brentwood Park counNWeld Assessor's Parcel No. 095913411004 Tax Year 1995 R.E.Taxes 5828.00 Special Assessments$NO KNOWN u Borrower Draper Current Owner Same Occupant: [X Owner —1 Tenant f Vacant m Property rights appraised X Fee Simple f I, Leasehold I, Project Type ❑ PUD ❑ Condominium(HUD/VA only) HOAS N/A/Mo. y Neighborhood or Project Name Brentwood Park Map Reference City Census Tract 11 Sale Price$N/A Date of Sale N/A Description and$amount of loan charges/concessions to be paid by seller None Known Lender/clientPioneer Mortgage Services Address 4238 15th Street Ln. , Greeley, Co. 80634 Appraiser SHARA M. BRUMLEY Address 1331 9th Streets Greeley, CO. 80631 Location nu Urban Li Suburban J Rural Predominant Single family housing Present land use% Land use change Built up ❑X Over 75% ❑ 25-75% ❑ Under 25% occupancy PRICE AGE One family 85 0 Not likely ❑ Likely Growth rate LJ Rapid 0 Stable ❑ Slow 0 Owner 60 Low 20 2-4 family 5 ❑ In process Property values ❑ Increasing 0 Stable U Declining ❑ Tenant 120 High 50 Multi-family 5 To: Demand/supply U ply XShortage 0 Inbalance i❑ Oyer Vacant(0-5� Predominant -'. Commercial 5 Marketing time n Under 3 mos. 1---- T 3-6 mos. l Over 6 mos. F vacant(over sv.) 90 35..: ) Note:Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: THE APPROXIMATE NEIGHBORHOOD BOUNDARIES ARE 35TH AVENUE TO THE WEST, O 11TH AVENUE TO THE EAST, 20TH STREET TO THE NORTH AND 28TH STREET TO THE SOUTH. o O Factors that affect the marketability of the properties in the neighborhood(proximity to employment and amenities, employment stability,appeal to market.etc.): I THERE ARE NO APPARENT ADVERSE FACTORS WHICH SHOULD AFFECT THE SUBJECT'S MARKETABILITY. RECENT s INCREASING PRICES DEMONSTRATE GOOD MARKET DEMAND FOR THE AREA. THE IMPROVEMENTS CONFORM WELL TO O THE SURROUNDING HOUSES. THE SUBJECT HAS ACCESS TO ALL NECESSARY SUPPORTING FACILITIES INCLUDING ✓ SHOPPING, RECREATION AND EMPLOYMENT AND ENJOYS A CONVENIENT LOCATION TO AREA SCHOOLS. Market conditions in the subject neighborhood(including support for the above conclusions related to the trend of property values, demand/supply.and marketing time --such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions,etc.): GOOD STABLE MARKET. THE SUPPLY OF HOMES IS STARTING TO MEET THE STRONG DEMAND FUELED BY RECORD LOW INTEREST RATES. TYPICAL MARKETING TIME ACCORDING TO MULTI LISTING SERVICE IS LESS THAN 90 DAYS. WITH THE STRONG MARKET, SELLERS DO NOT TYPICALLY OFFER SALES OR FINANCING CONCESSIONS. FINANCING IS READILY AVAILABLE FROM A VARIETY OF SOURCES. SEE ATTACHED SALES DATA FOR SUPPORTING STATISTICS INCLUDING TIME ADJUSTMENTS IF APPLICABLE. CaProject Information for PUDs(If applicable)--Is the developer/builder in control of the Home Owners'Association(HOA)? J YES _ NO D Approximate total number of units in the subject project N/A _ . Approximate total number of units for sale in the subject project N/A . a. _ Describe common elements and recreational facilities: N/A Dimensions 80' X 125' Topography SLIGHT SLOPE Site area 10000 SQ.FT. Corner Lot ❑ Yes 0No Size TYPICAL FOR AREA Specific zoning classification and description R-1 SINGLE FAMILY RESIDENTIAL Shape RECTANGULAR Zoning compliance 0 Legal 1 I Legal nonconlormng(Grandfathered use) Illegal ❑ No zoning Drainage APPEARS ADEQUATE Highest 8 best use as improved: n Present use ❑ Other use(explain) View NONE SIGNIFICANT Utilities Public Other Off-site Improvements Type Public Private Landscaping TYPICAL OF NEIGHBRHD Electricity ❑X I Street ASPHALT ❑X ❑ Driveway Surface CONCRETE m Gas ❑X Curb/gutter CONCRETE 0 ❑ Apparent easements TYPICAL P.U.E. Water LX Sidewalk CONCRETE ❑X ❑ FEMA Special Flood Hazard Area ❑ Yes 0 No Sanitary sewer [_X) Street lights OVERHEAD POLE El ❑ FEMA Zone C Map Date JULY 1979 Storm sewer I X) Alley NONE -_ ❑ FEMA Map No. 080184 0004 B Comments(apparent adverse easements,encroachments.special assessments, slide areas, illegal or legal nonconforming zoning, use, etc.): NO APPARENT ADVERSE EASEMENTS OR DANGEROUS GROUND CONDITIONS WERE NOTED AT THE TIME OF THE INSPECTION. THIS DOES NOT REPRESENT CONDITIONS THAT MIGHT BE FOUND IF A TITLE SEARCH WERE PERFORMED. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION I BASEMENT INSULATION No.of Units ONE Foundation CONCRETE Slab NO Area Sq.Ft. 819 Roof CNCLD. 0 No.of Stories ONE Exterior Walls BRCK/SDG. Crawl Space NO %Finished 95 Ceiling CNCLD. 0 Type(Det./Att.) DETACHED Root Surface COMPOSITN. Basement YES Ceiling ACSTC.TLE Walls CNCLD. O Design(Style) SPLIT Gutters 8 Dwnspts. GALVANIZED Sump Pump NO _ Walls PANEL/DW Floor CNCLD. U rn Existing/Proposed EXISTING Window Type WOOD 1-PN. Dampness NONE NOTED Floor CRPT/VIN. None ❑ z Age(Yrs.) 33 Storm/Screens PRTL/YES Settlement NORMAL Outside Entry NO _ Unknown ❑ 2 Effective Are Yrs. 12 Manufactured House NO Infestation NONE NOTED ASSUMED AVERAGE w g ROOMS Foyer Living Dining Kitchen Den _ Family Rm. Rec.Rm. Bedrooms #Baths Laundry Other _Area Sq.FI. d Basement 1 1 1 .50 X MECH 819 s Level l X 1 1 1 612 o Level2 3 1 .75 675 z 0 L Finished area above grade contains: 6 Rooms; 3 Bedroom(s): 1 .75 Bath(s); 1 ,287 Square Feet of Gross Living Area U INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC ATTIC AMENITIES CAR STORAGE: w til Floors CRPT/VYNL. A-G Type F.A. Refrigerator None ❑ Fireplace(s)#0 ❑ None ❑ O Walls DRYWALL AV Fuel GAS Range/Oven 0 Stairs ❑ Patio ❑ Garage #of cars Trim/Finish PNTD.WD. AV ConditionWORKING Disposal 0 Drop Stair ❑ Deck REAR 0 Attached Bath Floor PLYWD/VNL. GD COOLING Dishwasher © S• cuttle 0 Porch ENTRY 0 Detached Bath Wainscot FIBERGLASS GD Central NO Fan/Hood 0 Floor ❑ Fence CEDAR PRV 0 Built-In 1+r Doors FLUSH AV Other NONE Microwave I Heated ❑ Pool ❑ Carport HOLLOW CORE Condition Washer/Dryer RIF• inished ❑ ❑ Driveway 2+ Additional features(special energy efficient items,etc.): SEE ATTACHED ADDENDUM. rn Condition of the improvements,depreciation(physical.functional,and external), repairs needed, quality of construction, remodeling/additions.etc.. PHYSICAL: i GENERAL DEFERRED MAINTENANCE FOR AGE/NEIGHBORHOOD. M. BATH IN PROCESS OF REMODELING. OTHER 2 FUNCTIONAL UTILITY IS AVERAGE WITH ADEQUATELY SIZED ROOMS GOOD CLOSET SPACE & EFFICIENT o LAYOUT. THIS DWELLING MEETS FUNCTIONAL & AESTHETIC EXPECTATIONS OF PROSPECTIVE PURCHASERS. • Adverse environmental conditions(such as.but not limited to. hazardous wastes.toxic substances.etc.)present in the improvements, on the site,or in the immediate vicinity of the subject property: NO ADVERSE ENVIRONMENTAL CONDITIONS WERE NOTED DURING THE PROPERTY INSPECTION THAT WOULD EFFECT THE MARKETABILITY OF THE SUBJECT OR SURROUNDING PROPERTIES. Freddie Mac Form 70 6-93 PAGE 1 OF 2 Fannie Mae Form moo 6-99 n..r.. .,c„,w=„.,,•oro...... ha.._,,.ra .n...r(va...-,eve Oa:batton Section U ORIII RESIDENTIAL APPRAISAL E ORT File No. R14896 ESTIMATED SITE VALUE _ $ 14,500 Comments on Cost Approach (such as, source of cost estimate, ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: site value. square toot calculation and for HUD, VA and FmHA. the Dwelling 1 ,287 Sq.Ft. C $ 58.00 = $ 74,646 estimated remaining economic life of the property): COST DATA IS u BSMT. 81 • Sq.Ftc $ 24.00 = 19,656 BASED ON AVERAGE QUALITY COST TABLES FROM o DECK,PORCH = 5,000 MARSHALL & SWIFT COST MANUAL AS WELL AS a. Garage/Carport 324 Sq.Ft. 0 $ 18.50 = 5,994 LOCAL BUILDING COSTS. a Total Estimated Cost New _ $ 105,296 PHYSICAL DEPRECIATION IS CALCULATED o Less Physical Functional External USING THE EFFECTIVE AGE/ECONOMIC LIFE u Depreciation 20,006 1 ,706 $0 = $ 21 ,712 METHOD. NO SIGNIFICANT EXTERNAL Depreciated Value of Improvements = $ 83,584 OBSOLESCENCE NOTED. FUNCTIONAL OBSOLESCENCE "As-is"Value of Site Improvements = $ 7,500 FOR UNFINISHED BATH. LAND/IMPROVEMENT RATIO INDICATED VALUE BY COST APPROACH = $ 105,600 IS TYPICAL FOR AREA. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 2504 W. 25TH ST. ROAD 3318 27TH STREET LANE 2710 26TH STREET 1427 31ST AVENUE Address GREELEY GREELEY GREELEY GREELEY Proximity to Subject APPROX. 10 BLOCKS APPROX. 3 BLOCKS APPROX. 17 BLOCKS Sales Price $ N/A S 91 ,900 $ 101 ,250 $ 127,000 Price/Gross Liv.Area S 0.00 0 $ 80.05 0 $ 78.67 0 $ 105.31 Data and/or INSPECTION AGENT/MLS RECORDS AGENT/MLS RECORDS AGENT/MLS RECORDS Verification Sources N/A INSPECTION INSPECTION PUBLIC RECORDS VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION •(-)S Adjustment DESCRIPTION �(-)S Adjustment DESCRIPTION •(-)f Adpstment Sales or Financing N/A FHA LOAN CASH SALE CONY. LOAN Concessions N/A 0 SELL. PTS. NO CONCESS. 0 SELL. PTS. _ Date of Sale/Time 3/96 . 12/95. 9/95 2/96 Location BRENTWOOD WESTLAKE PARK SOUTHRIDGE SHERWOOD PARK Leasehdd/Feesimple FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE Site LRG./RES. LRG./RES. LRG./RES. LRG./RES. View NONE SIGNIFICNONE SIGNIFIC NONE SIGNIFIC NONE SIGNIFIC DesignandAppeal SPLIT/AVG. SPLIT/AVG. SPLIT/AVG. SPLIT/AVG. QualityofConstmction AVG./BR-FRAMEAVG./BR-FRAME AVG./BR-FRAME AVG./3/4 BRCK -3,000 Age 33 YRS. 16A 21A 31A N Condition AVG.-GOOD FAIR +3,500 AVERAGE +2,000 EXCELLENT -10,000, rn Above Grade Total ; Bdrms Baths Total Bdrms Baths -2,000 Total Bdrms Baths -2,000 Total Bdrms : Baths -2,000 Room Count 6 : 3 1 1 .75 6 3 1 .75 6 3 1 2 6 3 1 .75 a Gross Lim. Area 1 287 Sq.Ft. 1 ,148 Sq.Ft. +3,000 1 ,287 Sq.Ft. _ 1 ,206 Sq.Ft +1 ,500 o Basement&Finished 819 SQ.FT. 352 SQ. FT. +3,500 1051 SQ. FT. -1 ,500 894 SQ. FT. -500 z Rooms Below Grade • % FINISHED 1007 FIN. +3,000 40% FIN. +2,500 90% FIN. as Functional Utility STANDARD 3 BRSTANDARD 3 BR STANDARD 3 BR STANDARD 3 BR o Heating/Cooling GAS F.A./NONEGAS F.A./NONE GAS F.A./NONE GAS F.A./SWMP -500 rJ Energy Efficient Items STANDARD STANDARD ,STANDARD STANDARD w Garage/Carport 1+ B.IN GARAC2 ATT. GARAGE -2,500 2 ATT. GARAGE -2,500 2 ATT. GARAGE, -2,500I N• Porch,Patio,Deck, PORCH,CV.DECKPATIO +3,000 NONE KNOWN +3,500 PATIO/DECK +1 ,000 Fireplace(s),etc. 0 FIREPLACE 1 FIREPLACE =1,500 1 FIREPLACE -1 ,500 1 FIREPLACE -1 ,500 Fence.Pool,etc. NO SPRINKLER NO SPRINKLER _ SPRINKLER -1 ,500 SPRINKLER -1.6_00 FENCING PRTL. FENCING +500 FENCING FENCING Net Adl_(totaT X + H - ;$ 10,500 T + i - ;$ 1 ,000 [- + X - ;$ 19,000' Adjusted Sales Price Gross:24.5. Gross:168 Gross:181.9s of Comparable Net: 11 .4s'. $ 102,400 Net: -10 $ 100,250 :Net: -15: $ 108,000 Comments on Sales Comparison(including the subject property's compatibility to the neighborhood, etc. ): SEE ATTACHED ADDENDUM. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Date,Price and Data NO PRIOR 12 NO PRIOR 12 MONTH NO PRIOR 12 MONTH NO PRIOR 12 MONTH Sourceforpriorsales MONTH SALES SALES HISTORY FOUND SALES HISTORY FOUND SALES HISTORY FOUND withinyearofappraisal KNOWN. PER MLS DATA. PER MLS DATA. PER MLS DATA. Analysis of any current agreement of sale,option.or listing of the subject properly and analysis of any prior sales of subject and comparables within one year of the date of appraisal: NO CONTRACT KNOWN OR PROVIDED TO APPRAISER. NO FORMAL LISTING IN LAST 12 MONTHS KNOWN BY APPRAISER. INDICATED VALUE BY SALES COMPARISON APPROACH S - 103,000 INDICATED VALUE BY INCOME APPROACH(If Applicable)Estimated Market Rent$ N/A/Mo.x Gross Rent Multiplier N/A = $ 0 This appraisal is made I_X.I "as is" Li subject to the repairs,alterations,inspections or conditions listed below U subject to completion per plans and specifications. Conditionsof Appraisal: MOST WEIGHT IN THE SALES COMPARISON APPROACH WAS GIVEN COMPARABLE #2 AS IT REQUIRED THE SMALLEST % OF CROSS ADJUSTMENTS. Final ReconciliationMOST EMPHASIS WAS PLACED ON THE SALES APPROACH AS IT REPRESENTS ACTUAL TRANSACTIONS. THE COST APPROACH WAS GIVEN SUPPORTIVE CONSIDERATION. THE INCOME APPROACH WAS NOT USED DUE TO o LIMITED DATA. _ a The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report based on The above conditions and the certification contingent 1" and limiting conditions,and market value definition that are stated in the attached Freddie Mac Form 439/Fannie Mae Fonn 10048(Revised 6/93 ). z I(WE)ESTIMATE THE MARKET VALUE,AS DEFINED,OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT,AS OF MARCH 15, 1996 Ov (WHICH IS THE D TE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT)TO BE$ 103,000 . APPRAISER: ,�7 SUPERVISORY APPRAISER(ONLY IF REQUIRED): Signature l,(:ill/ / Signature O Did O Did Not Name SHARA M. BRUMLEY Name Inspect Property Date Report Signed 3/22/96 Date Report Signed State Certification# CR01316946 State COLO. State Certification# State Or State License# State Or State License# State Freddie Mac Form 70 6/93 PAGE 2 OF 2 Fannie Mae Form 1004 6/93 CERTIFIED RESIDENTIAL APPRAISER PRECISION APPRAISALS Supplemental Valuation Section UNIFORM RESIDENTIAL APPRAISAL REPORT Pk No.R1 4896 ITEM SUBJECT COMPARABLE NO.4 COMPARABLE NO.5 COMPARABLE NO.6 2504 W. 25TH ST. ROAD 2458 26TH AVENUE • Address GREELEY GREELEY Proximity to Subject <:APPROX. 2 BLOCKS Sales Price $ N/A $ 92,000 $ $ Price/Gross Liv.Area S 0.00 0 $ 83.26 0 $ 0 $ O Data Source INSPECTION AGENT/MLS RECORDS Verification Source N/A PUBLIC RECORDS VALUEADUSTMNTS DESCRIPTION DESCRIPTION _ •(-)SAdiozrment DESCRIPTION •(-)S miesmeer DESCRIPTION •(-)h4letweet Sales or Financing N/A FHA LOAN Concessions N/A i0 SELL. PTS. Date of Sale/Time 3/96 6/95 Location BRENTWOOD BRENTWOOD Leaseeki/ ee$0ple FEE SIMPLE FEE SIMPLE Site LRG./RES. LRG./RES. View NONE SIGNIFICNONE SIGNIFIC Design and Appeal SPLIT/AVG. SPLIT/AVG. • Quality of Construction AVG./BR—FRAMEAVG./BR—VINYL —1,500, Age 33 YRS. 33A m Condition AVG.—GOOD AVG,.—GOOD a- Above Grade Total Bdrms ; Baths Total Bdrms I Baths +1 ,000 Torsi p Bdrms Baths Total Bdrms Baths i Room Count 6 3 1 .75 6 3 1 Gross Living Area 1 ,287 Sq Ft. 1 ,105 Sq.Ft. +3,500 Sq.Ft. Sq.Ft 0 Basement&Finished 819 SQ.FT. 540 SQ. FT. +2,000 a Rooms Below Grade 95% FINISHED 100% FIN. +2,000 0- Functional Utili STANDARD 3 BRSTANDARD 3 BR o Heating/Cooling GAS F.A./NONE AS F.A./NONE co Energy Efficient Items STANDARD STANDARD wr Garage/Carport 1+ B.IN GARAG1 ATT. GARAGE N Porch.Patio.Deck. PORCH,CV.DECKSML. PATIO +3,000 Fireplace(s),etc. 0 FIREPLACE 0 FIREPLACE Fence,Pool.etc. NO SPRINKLER NO SPRINKLER _ FENCING FENCING Net Adj.(total) Xi + n - $ 10,000 n + 1. ;$ 0 n + n - $ 0 Adjusted Sales Puce Gross:14:1:: Gross: 0.0 Gross: 0.0`. of Comparable Net: 10.9 $ 102,000 Net: 0.0< $ 0 Net: 0.0" $ 0 Comments on Sales Comparison(including the subject property's compatibility to the neighborhood, etc. ): SEE ATTACHED ADDENDUM. ITEM SUBJECT COMPARABLE NO.4 COMPARABLE NO.5 COMPARABLE NO.6 Date,Price and Data NO PRIOR 12 NO PRIOR 12 MONTH Source forpdor sales MONTH SALES SALES HISTORY FOUND withinyearof appraisal KNOWN. PER MLS DATA. Analysis of any current agreement of sale,option,or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal: SEE ABOVE. 0 w w 2 0 0 U w C 0 C] C7 Q ru ro-m rx.oOaa m •e+ywv+er aae..a.0 Far, ntm nru..!.. { PRECISION APPRAISALS, INC. A Division of Brumley's Floor Covering, Inc. File No. R14896 ADDITIONAL FEATURES: Storm front screen door and sidelight; entry into living room; dining room and bedrooms have ceiling fans; kitchen is somewhat dated and has ceramic backsplash; there is some updated floor covering; updated basement bath; master bath is currently being remodeled and all fixtures are removed; furnace with humidifier unit; rear screen door; exterior window shutters; cedar privacy fencing, concrete RV parking, storage shed on stilts, not attached therefore not valued; rear deck is covered and approx. 12' x 17'; built-in shelving in lower level den; built-in chest of drawers in basement bedroom in lieu of closet. SALES COMPARISON COMMENTS: Main floor square footage adjusted @ $20.00 per square foot. Basement square footage adjusted @ $7.00 per square foot with the finished portion receiving a $7.50 per square foot adjustment. The condition of the comparables is based on realtor confirmation and is assumed accurate. All comparables used were considered the best sales available, and from within the subject or nearby competitive subdivisions. Comparable#4 was the most recent similar sale found from directly within the subject subdivision. It was slightly older than 6 months but the appraiser felt it important to consider anyway and it was added as an additional comparable. The subject's master bath is undergoing remodeling and was inferior to comparables 1 - 3 which had a secondary functioning bath. Comparable #4 lacked a secondary bath and the subject with it's gutted bath was considered slightly superior as it has plumbing in place, etc. Sale #1 was newer in age than the subject but was in need of some minor TLC. The age/condition adjustment was made as a single line adjustment. Sale #2 had newer carpets but was more dated than the subject and considered slightly inferior in overall condition. Sale #3 was adjusted for it's more decorative and lower maintenance exterior. It was in much superior condition with updating, including a remodeled kitchen, updated carpet, etc., and had almost no deferred maintenance per realtor. It also had a swamp cooling system that the subject lacked. Sale #4 had lower maintenance exterior and was in similar overall condition. All other adjustments should be self-explanatory. SHARA M. BRUMLEY - APPRAISER, 1331 9TH STREET,GREELEY.CO. 80631 (970)356-1254 OR(970)352-3393 a PRECISION APPRAISALS. INC Si IBJb t I I'Itt)Ph It I \ I'IIO'I U 1I)I)h,NI)I ;1I \ U„ ii,n nnlnink.% ,Flom Cocenog. In, - C II ARA NI RRCMI.EY APPRAISER 1111 9TH STRfl T GREELEY.CO R11631 107111356 1251 OR 070)352 1393 / • Eat.Ni, R14896 • ' k• 1.'; ,, . • .,r, FRONT VIEW OF K.. `. •'= SUBJECT PROPERTY AT: ti 1 y �,•L ;;� ` 1 ti �,/ 2504 W. 25th St. Road kr-J NI. ' .�I` � ,• Greeley, CO 80631 ; :?=^: : + Appralted: MARCH I5. 1996 N " REAR VIEW OF 1;:* -/ .. ,' « ' '.''� SUBJECT PROPERTY irin...m...........4......., I . , ..ii Oil ,iiiirmLa. L m. 1 _ w t rl �J:199- t r STREET SCENE ` 'i. (.. a.: ,, i 1 • .. . • %iar' t;,', 4 O V. 1 PRECISION APPRAISALS, INC. A Division of Brumley's Floor Covering, Inc. File No. R14896 COV. 22 ' 6" WOOD 2 DECK M. BTH M BR KIT. D R B 12 X 13 T 13 X 9 H 11 X 14 HALL STRS . 26 ' 30 ' L R FYR. B R B R 13 X 18 13 X 12 9 x 10 2 ' 4 ' 18 ' 46 . 5 r 1/2 SHOP 8 ' W/D B R BTH 10 X 12 GAR. 26 ' STRS . 18 ' DEN F R 9 X 18 13 X 19 11 ' 6 ' I 18 ' 22 . 5 SHARA M. BRUMLEY - APPRAISER, 1331 9TH STREET,GREELEY,CO. 80631 (970)356-1254 OR(970)352-3393 frc PRE( ISR(N APPRAISAL S. IN(' ( ()i\1I'1I? \It1 J S \11%S 1`I1(11'O \1)1)1,NIIIl \I l41tis1,n..I Drumlin "I!nor C.ne(ing. Im SHARA M RRI'MILLY APPRAISER 1111 9TN STREET CRUELTY.CO R 0611 (97111156 1251()R 1970115' 1191 Flit N., R14896 COMPARABLE SALE#1 3318 27TH STREET LANE • GREELEY Sale Date: 12/95 Sale Price: $91,900 / e fit ° '�: '•,disfij COMPARABLE SALE#2 i ^9, 2710 26TH STREET1,10 GREELEY Alf\`t,"� ' Sale Date: 9/95 Sale Price: $101,250 Jilt a . i ) 17«,: 1 COMPARABLE SALE#3 1427 31ST AVENUE GREELEY Sale Date: 2/96 Sale Price: $127,000 I•RI'rISR)N API•RAISAL.S, INC I •OMPAR:%RI P S11 ES PIIO'IY) i11)111' NI)III\I fF,nl:.noI I{nnnlcc'vHon/ Co%cring. k S IIARA M BRUMLEY APPRAISER 1 331 9TH STREET GREELEY.CO. R0631 9707356-1251 OR(97(1)352-3303 i Ellew, R14896 • 4•t' • COMPARABLE SALE#4 • �� T- 2458 26TH AVENUE >c s; GREELEY Sale Date: 6/95 Sale Prig: $92.000 C PRECISION APPRAISALS, INC. A Division of Brumley's Floor Covering, Inc. File No. R14896 LOCATION MAP Jr_ a ire sums I I --� au•eM I Reel Id Po.dm N R \Rive L 1 �\ / w 8 \jf /. Coe~ �� t L t r. t C k.„.............: f c. SeS IC♦ ♦ M I ¼L GREELEYmin ° 6 mar. rainy 41,' ill 41 artrarr ...,71 nilispheCtlirisfuill tik ‘sesauswmli b.. Allinting id( is ;I. ,,,,n. 7., . -14L. .._ .... 4,-, ,... ._ , c mi....rt..," _4, Alg:Lniniaill 44111111111 LI la 2 . ` [031A�C � Ir ram. u� .r t ae n.I Fy.^l Y ; 411 tit, el 1 . ra owis Thu".".1 e4 4 CV 41 riclial as 1111 Alms so,/ ✓ ,� wale ,sap. �1 V.3TJ~ �_ 4 i ' rirfi .'�..`[ ' ! , — . — \ , r+l t + r t ' vim. s iT !16 ! •f ,lr l ... ft 20tnw e i a - mew * WM .,. (nus— ..�.i. Mark 1 E`\ . + !a - el. ley, ° ,/ f fl•M YYI.OII Ir. V' R t t .a t a tr' F WOWS Ms 7' IS i L 1.11217 i ae..m' r � i WNc'P'Oolleww �. ..M1 t l C ar«I•IMw�� .�i`1 • ii, AI. 1 rrn! .AIM+I M 1471! nn. If51I e)Ce eC•91 2r-, '��.'VA na as fet • C- KeyI .i PageV& pi. MD • IA la. a nprrrwrw.en 4» 4 asri�r � Napo 0 tilled le meet , • , °"`°"'�"'°r° K Evans ��, pope.—•ri —L°mac•' 'ter^� i SHARA M. BRUMLEY - APPRAISER, 1331 9TH STREET,GREELEY,CO. 80631 (970)356-1254 OR(970)352-3393 • File No. R14896 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently,knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1)buyer and seller are typically motivated;(2)both parties are well informed or well advised, and each acting in what he considers his own best interest;(3) a reasonable time is allowed for exposure in the open market;(4) payment is made in terms of cash in U.S.dollars or in terms of financial arrangements comparable thereto; and(5)the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions*granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area;these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and,therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency(or other data sources)and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions(such as,needed repairs, depreciation, the presence of hazardous wastes,toxic substances,etc.)observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report,the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances,etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards,the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information,estimates,and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report(including conclusions about the property value,the appraiser's identity and professional designations,and references to any professional appraisal organizations or the firm with which the appraiser is associated ) to anyone other than the borrower;the mortgagee or its successors and assigns;the mortgage insurer;consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news,sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 1004E 6-93 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that: File No. R 14896 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to,or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to,or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge,that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions,which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion,sex, handicap,familial status,or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards. which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report:therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report,he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 2504 W. 25th St. Road, Greeley, CO 80631 APPRAISER: SUPERVISORY APPRAISER(only if required) Signature: M Signature: Name: SHARA M. BRUMLEY Name: Date Signed: 3/22/96 Date Signed: State Certification#: CR01316946 State Certification #: or State License #: or State License #: State: COLO. State: Expiration Date of Certification or License: 12/96 Expiration Date of Certification or License: Did E Did Not Inspect Property CERTIFIED RESIDENTIAL APPRAISER Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004E 6-93 Kika CLERK TO THE BOARD PHONE (970) 356-4000 EXT.4225 FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 111k. GREELEY, COLORADO 80632 COLORADO July 22, 1997 Parcel No.: 095913411004 PIN No.: R2458786 DRAPER GAIL 2504 W 25 ST GREELEY, CO 80631 Dear Petitioner(s): The Weld County Board of Equalization has set a date of Friday, August 1, 1997, at or about the hour of 10:30 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; peitioners 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, 1997, and mailed to you on or before August 10, 1997. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes, of which you will be allowed 10 minutes for your presentation. 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. DRAPER GAIL- R2458786 Page 2 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. 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 EQUALTION WaZi Donald D. Warden; Clerk to the Board BY: (//� Carol A. Harding Deputy Clerk to the Board cc: Warren Lasell, Assessor Hello