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Home My WebLink About20242730.tiffRESOLUTION RE: ACTION OF THE BOARD CONCERNING PETITIONS FOR ABATEMENT OR REFUND OF TAXES FOR ACCOUNT NUMBERS R6411486 AND R6265186 - TAGAWA GREENHOUSES, INC. WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, were presented with Petitions for Abatement or Refund of Taxes for Account Numbers R6411486 and R6265186 at a duly and lawfully called regular meeting held on the 16th day of October, 2024, at which meeting there were present the following members: Chair Kevin D. Ross, and Commissioners Perry L. Buck, Mike Freeman, Scott K. James, and Lori Saine, and WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, with said Assessor, Brenda Dones, being present, and taxpayer, Tagawa Greenhouses, Inc., being represented by RCS P Tax, Inc., not being present, and WHEREAS, the Board of County Commissioners has carefully considered the attached petition and is fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the Assessor and the petitions be, and hereby are, denied, and abatements or refunds be allowed as follows: ACCOUNT NUMBER CORRECTION TO ASSESSED VALUATION ABATEMENT OR REFUND TAX YEAR R6411486 $89,860.00 $0.00 2023 R6265186 $537,270.00 $0.00 2023 TOTAL $627,130.00 $0.00 2023 Ce). PYPL1 PIP► LR'? c,&'. A-siz (3n 1314 11)1< I.)K) C,p C« IA) ►t 11� 1-Z4 2024-2730 AS0117 TAX ABATEMENT PETITIONS - TAGAWA GREENHOUSES, INC. PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 16th day of October, A.D., 2024. BOARD OF COUNTY COMMISSIONERS WELD COUNTTe�C6RA O ATTEST: ( l k3: 64, Weld County Clerk to the Board BOLtAttio . /idea to -d6 APP Deputy Clerk to the Board Coun y Attorney Date of signature: 'b 17 I Z1 Kevin e� D. Ross, Chair Cia4-h Perry L. tuck, Pro-Tem Mike Freeman aine 2024-2730 AS0117 (taj 'County: Weld PETITION FOR ABATEMENT OR REFUND OF TAXES RECEIVED Section I: Petitioner, please complete Section I only. Date: 04/12/2024 Month Day Year Petitioner's Name: Tagawa Greenhouses Inc. Date Received (Use Assessor's or Commissioners' Slam202k APR 1 9 WELD COUNTY ASSESSOR 0, 0, s \\ GREELEY, COLORADO �� Petitioner's Mailing Address: 17999 County Road 4 Brghton CO 80603-9731 RECEIVE D City or Town SCHEDULE OR PARCEL NUMBER(S) R6411486 StatN Zip Code PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTYEP 2 5 2024 18072 County Road 4 WELD COU NTY Petitioner requests an abatement or refund of the appropriate taxes and states that the taxes assessed against the above property for the property tax year �j are incorrect for the following reasons: (Briefly describe why the taxes have been levied erroneously or illegally, whether due to erroneous valuation, irregularity in levying, clerical error, or overvaluation. Attach additional sheets if necessary.) Assessor has erroneously valued the improvements. Petitioner's estimate of value: $ 268,260 ( 2023 ) Value Year t declare, under penalty of perjury in the second degree, that this petition, together with any accompanying exhibits or statements. has been prepared or examined by me, and to the best of my knowledge, information, and belief, is true, correct, and complete. Petitioner's Signature By , a te/211 Agent`s Signature' Printed Name: Ron Sandstrom Email ronsandstrom@q.com Daytime Phone Number ( ) Email Daytime Pnone Number 72O ) 320-6870 'Letter of agency must be attached when petition Is submitted by an agent The actua' value in the Assessor's Reconimendation section does not include 2023 value adjustments for residential and commercial properties The assessed value and resulting tax amounts are calculated from the adjusted actual value. If the Board of County Commissioners, pursuant to § 39-10-114(1), C.R.S., or the Property Tax Administrator, pursuant to § 39-2-116, C.R.S., denies the petition for refund or abatement of taxes in whole or in part, the Petitioner may appeal to the Board of Assessment Appeals pursuant to the provisions of § 39-2-125, C.R.S., within thirty days of the entry of any such decision § 39-10-114.5(1), C.R.S. LONERS [Section 11: Assessor's Recommendation (For Assessor's Use Only) 2021 Original Corrected Abate/Refund Tax Year Actual Assessed Tax $525,121 $89,860 $4,484.91 $525,121 $0 S89,860 $4,484.91 $0 $0 ❑ Assessor recommends approval as outlined above. If the request for abatement is based upon the grounds of overvaluation, no abatement or refund of taxes shall be maoe if an objection or protest to such valuation has been filed and a Notice of Determination has been mailed to the taxpayer. § 39-10-114(1)(a)(1)(D). C.R.S. Tax year: 2023 Protest? No O Yes (If a protest was filed, please attach a copy of the NOD.) ® Assessor recommends denial for the following reason(s): Value is supported by cost and market app roach. I") >U(lt i1dtt. Don co Assessor's or Deputy Assessor's Signature 15•DPi -AR No. 920-66217 FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section Iii or Section IV must be completed) Every petition for abatement or refund filed pursuant to § 39-10-114 C.R.S. shall be acted upon pursuant to the provisions of this section by the Board of County Commissioners or the Assessor, as appropriate. within six months of the date of filing such petition § 39-1-113(1.7), C.R.S Section III: Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to $10,000) The Commissioners of County authorize the Assessor by Resolution No. to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of $10,000 or less per tract, parcel, or lot of land or per schedule of personal properly, in accordance with § 39-1-113(1.5), C.R.S. The Assessor and Petitioner mutually agree to the values and tax abatement/refund of: Tax Year AcWel As Q ISQ0 Tax Original Corrected Abate/Refund ''S Note. The total tax amount does not include accrued interest, penalties, and fees associated with late and/or delinquent tax payments, if applicable. Please contact the County Treasurer for full payment information. Petitioner's Signature Assessor's or Deputy Assessor's Signature Data Date Section Iv: Decision of the County Commissioners (Must be completed If Section III does not apply) WHEREAS, the County Commissioners of County, State of Colorado, at a duly and lawfully called regular meeting held on ,/ / , at which meeting there were present the following members: Month Day Yaar with notice of such meeting and an opportunity to be present having been given to the Petitioner and the Assessor of said County and Assessor (being present --not present) and Name Petitioner (being present --not present), and WHEREAS, the said Name County Commissioners have carefully considered the within petition and are fully advised in relation thereto, NOW BE IT RESOLVED that the Board (agrees --does not agree) with the recommendation of the Assessor, ana that the petition be (approved —approved in part --denied) with an abatement/refund as follows: 2023 `'car Assessed Value Taxes Abate/Refund Chairperson of the Board of County Commissioners' Signature I, County Clerk and Ex -Officio Clerk of the Board of County Commissioners in and for the aforementioned county, do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County this day of Montt- Year County Clerk's or Deputy County Clerk's Signature Note. Abatements greater than S10.0/40 pet schedule, per year, must be submitted in duplicate to the Property Tax Administrator for review. Section V: Action of the Property Tax Administrator (For all abatements greater than $10,000) The action of the Board of County Commissioners, relative to this petition, is hereby ❑ Approved ■ Approved in part $ ❑ Denied for the following reason(s). Secretary's Signature Property Tax Administrator's Signature Date 15 -OPT -AR No. 920-66/17 cog Orfg!nal Corrected Abate/Refund County. Weak' PETITION FOR ABATEMENT OR REFUND OF TAXES Date Received RECEIVED Sec: Petitioner, please complete Section I only. Date: 04/12/2024 Month Osy Year Petitioner's Name: Tagawa Greenhouses Inc. Petitioner's Mailing Address: 17119 County Road 4 Brghton (ua a Assessor's or Commissioners' Dale Steno) CO 80603-9731 APR 192024 WELD COUNTY ASSESSOR GREELEY, COLORADO City or Town State Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY R6285188 17898 County Road 4 C, 1 RECEIVED SEP 2 5 2014 LD COUNTY Petitioner requests an abatement or refund of the appropriate taxes and states that the taxes assessed arJ QiMdV1 I S S I 0 N E R S above property for the property tax year len are incorrect for the following reasons. (Briefly describe why the taxes have been levied erroneously or illegally, whether due to erroneous valuation, irregularity in levying, clerical error, or overvaluation. Attach additional sheets if necessary.) Assessor has erroneously valued the improvements. Petitioner's estimate of value: $1,878,900 (2023 Vaiva Year I declare, under penalty of perjury in the second degree, that this petition, together with any accompanying exhibits or statements, has been prepared or examined by me, and to the best of my knowledge, information, and belief, is true, correct, and complete. Petili laf's stpMrre sprat Daytime Phone Number Ernst( Daytime Phone Number c720 1320-6870 Printed Name. Ron Sandstrom Entail ronsandstrcxn@q.CO(I'1 'letter of agency must be attached when petition Is submits by an agent. The actual value in the Assessors Recommendation section does not include 2023 value adjustments for resKientral and commercial properties. The assessaa value and resulting tax arnourrts we ca+ta)lated from the a psted actual value. If the Board of County Contrniaaroners, pursuant to § 39-10-114(1), C.R.S., or the Progeny Tax Administrator, pursuant to § 39-2-119, C.R.S., denies the pet*on for reFurrtJ L s st me nt of taxes In whole or In pan, tfW Petitioner may appeal to the Board of Assessment Appeals pursuant to the provinces of § 39.2-125, C.R.S.. within Piety days of the entry of any such decision, § 39-10-114.5(1), C.R.S. Section ti: Assessor's Recommendation (For Assessor's Use Only) Tat Year 2023 &.list $537,270 Actua $2,288,732 $2,288,732 $537,270 $0 $0 In $26,815.15 $26,815.15 $0 11 Assessor recommends approval as outlined above. If the request for abatement is based upon the grounds of oven'Suetior,, no abatement or refund of laxea shall be made if an objector or prates:. to such valuation has been filed and a Notice of Detamnration has been mailed to the taxpayer. § 39-10-114(1)(axl)(D), C.R.S. Tax year: 2023 Protest? Yes (It a protest was filed, please attach a copy of the NOO.) (r Assessor recommends denial for the following reason(s): Value is supported by cost and market approach. Assfdorfs or Deputy Assassor's Sionature 15 -OPT Nn. 920-6&1 T FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund filed pursuant to § 39-10 114 C R 5 sha0 be acted upon pursuant to the pronsions or Ws sectron br the Board of County Commissioners m the Assessor as appropriate wrlllln sa months of the data of filing such pehbon § 331-113(1 7) C R S Swim m Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to $10 000) The Commtssloners of County authorize the Assessor by Resolution No to rewew petitions far a6alernent or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of $10 000 or less per tract parcel or lot of land or per schedule of personal property in accordance with § 39-1-113(1 5) C R S The Assessor and Petitioner mutually agree to the values and tax abatement/refund of Tex Year 03.. Assessed Tom{ Original Corrected No'e The total 'ax amount dces not include accrued merest penalties and tees associated with late endror del nquen tax pay^iems applicable Please contact the County Treasurer for full payment information Petitioner's Signature Date Assessor s or Deputy Assessors Signature Dale Section IV Decision of the County Commissioners (Must be completed if Section 111 does not apply) WHEREAS the County Commissioners of County State of Colorado at a duly and lawfully called regular meeting held on / / at which meeting there were present. the following members month Day Year with notice of such meeting and an opportunity to be present having been given to the Petitioner and the Assessor of said County and Assessor (being present --not present) and Name Petitioner (being present- not present) and WHEREAS the said Name County Commissioners have carefully considered the within petition, and are fully advised in relation thereto NOW BE IT RESOLVED that the Board (agrees —does not agree) with the recommendation or me Assessor and that the petition be (approved --approved to part —dented) with an abatementirefund as follows 2023 Year Assessed Value `axes Aba'etRefund Chairperson of the Board of County Commissioners Signature County Clerk and Ex Officio Clerk of the Board of County Commissioners In and for the aforementioned county, do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners IN WITNESS WHEREOF I have hereunto set my hand and affixed the seal of said County this day of Month Year County Clerk s or Deputy County Clerks Signature Note Abatements greater than 510.0 oar schedule per year must, submitted in dontx ale to the Property Tax Admuustratoi tot review Section V Action of the Property Tax Administrator (For ell abatements greater than $10 000) The action of the Board of County Commissioners relative to this petition is hereby ❑ Approved 0 Approved in part $ 0 Denied for the following reason(s) Secretarys Signature *weedy Tax Adminstralors Signature Date IS -OPT AR No 926.80/17 r AGENTAUTHORIZATION TO: County Assessor, Assessment Appeals Board, and County Treasurer THIS IS TO AUTHORIZE: Ron Sandstrom of RCS P tax inc. to act in our behalf as our agent in assessment matters for those properties which are owned, possessed or controlled by the undersigned. Mr. Sandstrom is authorized to represent us on all property tax matters, including but not limited to, the following. Full authority to handle, with your offices, all matters relative to assessments, appeals, payments and refunds. Your are to divulge to him any and all information we have submitted to county authorities and any information in your files pertinent to our assessments. All correspondence including requests to visit property sites is to be handled through Mr. Sandstrom. To file and sign any required property tax statement, or other correspondence on behalf of the undersigned. To file protests, abatement petitions and appeals on behalf of the undersigned . To act in connection with Assessment Appeal applications, including appearances at hearings and withdrawals of said applications. This authorization shall remain in effect for tax years 2023 through 2024 . Schedule No. 300035202 300035094 300507425 R6411486 R6265186 Address 14780 W 52nd Ave. 5150 Indiana St.. 5565 Mc Intyre St. 18072 County Rd. 4 17999 County Rd. 4 CLIENT: T. '�.w ; Gz nhous; 's Inc SIGNED BY: NAME: Bill Kluth TITLE • TELEPHONE 303-210-6054 DATE Its l 3 • aa erbl VALUATION ATA Restricted Report For Ad Valorem Tax Purposes Agricultural Tagawa Greenhouses Inc 18072 Weld County Road 4 Lochbuie, Colorado Tax Year 2023 Schedule No R6411486 aka R6265486 As of June 30, 2022 Prepared By R C Sandstrom March 25, 2024 TABLE OF CONTENTS PAGE Title Page Table of Contents Summary of Facts and Conclusions Purpose of Report Land Valuation.. . ........ . Reproduction Cost Approach Summary Improvements Reproduction Cost Approach by Structure Replacement Cost Approach Summary Improvements Replacement Cost Approach by Structure Site Plan 2 1 2 3 4 5 6 7-13 14 15 17 SUMMARY OF FACTS AND CONCLUSIONS Location: 18072 E. Weld County Road 4 Present Use of Property: Agricultural Present Zoning: Agricultural Conforming: Yes Land Area R6411486 58.76 acres Average Number of Building Stories 1 Building Construction: Wood, Pipe & Metal Frame; Fiberglass, & Double Poly Roofs and Sidewalls Vintage: 1972-1990 Summary of Value Conclusions: Land Agricultural Other Agricultural Total Land Other Ag. Improvements Replacement Cost Greenhouses Less: Functional Obsolescence 30% Storage Warehouse Utility Bldg./ Boiler House Pump House Total Improvements Total Value Reproduction Replacement $ 39,099 49,500 $ 88,599 $ 39,099 49,500 $ 88,599 $ 155,609 $ 105,834 $ 46,683 $ 108,926 34,897 33.403 2,435 $ 179,661 $ 268,260 $ 105,834 34,897 33.403 2,435 $ 176,569 $ 267,303 PURPOSE OF REPORT This report is prepared to outline the growth of this Tagawa Greenhouse property over time and to help distinguish the position of the facility in regard to REPLACEMENT COST versus reproduction costs 4 LAND VALUATION The value for land established by the assessor is accepted. Schedule R6265186: Agricultural Land Other Agricultural 51.78 acres lei) $ 755.11 $ 39,099 4.50 acres rcii, $11,000.00 $ 49,500 54.00 acres $ 88,599 VALUATION BY THE COST APPR ACH (Details for each building are on the following pages) Summary Improvements Reproduction Cost New Less Depreciation Greenhouse Range 1 Greenhouse Range 2 Greenhouse Range 3&4 Greenhouse Range 5 Storage Warehouse Utility Bldg / Boiler Hse Pump House Sch R6411486 Improvement Value 109,347 $ 226,344 SF 20,400 $ 36,739 14,320 19.831 32,592 56,122 24,702 42,917 7,528 34,897 9,325 33.403 480 2,435 6 VALUATION BY THE COST APPROACH Sch. 86411486 Building Description Greenhouse Range 1 Year Built 1972 Age 52 Years Avg. Construction: Frame Walls Roof Quality Area Height Perimeter Pipe Fiberglass Polycarbonate Average 19,200 sf Covered Walk 1,200 sf loft 556 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 20,400 SF Depreciation 25 Year Life RCNLD 1.00 . 85 1.32 . 96 . 80 Cost /SF $11.60 $ 8.36 $ 8.36 $ 7.106 $ 9.380 $ 9.005 $ 9.005 $ 183,696 $ 146,957 $ 36,739 VALUATION BY THE COST APPROACH Sch. R6411486 Building Description Greenhouse Range 2 Year Built 1973 Age 50 Years Avg. Construction: Frame Metal -Quonset Walls Fiberglass Roof Double Poly Quality Fair Area 14,320 sf Height 3 ft Perimeter 536 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Sidewall 1.05% $ 5.99 Height 1.00 $ 5.99 Perimeter .92 $ 5.51 Current Cost Multiplier 1.32 $ 7.27 Local Multiplier .96 S 6.98 RCN per Square Foot $ 6.98 RCN 14,320 SF Depreciation 15 Year Life RCNLD .80 Cost /SF $ 5.65 $ 99,794 79,963 $ 19,831 VALUATION BY THE COST APPROACH Sch. R6411486 Building Description Greenhouse Range 3 & 4 Year Built Age Construction: Frame Walls Roof Quality Area Height Perimeter 1973-76 41 Years Avg. Pipe Fiberglass Fiberglass & Polycarbonate Average 32,592 sf 8-10 ft 740 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 32,595 SF Depreciation 25 Year Life RCNLD .991 . 82 1.32 . 96 . 80 Cost /SF $11.60 $ 8.36 $ 8.285 $ 6.794 $ 8.967 $ 8.609 $ 8.609 $ 280,610 $ 224,488 $ 56,122 VALUATION BY THE COST APPROACH Sch R6411486 Building Description Greenhouse Range 5 Year Built 1988 Age 30 Years Avg Construction Frame Pipe/Tubular Walls Fiberglass Roof Duraglass Quality Average Area 24,702 sf Height 10 ft Perimeter 642 ft Cost /SF Replacement Cost New M S (05/21) $11 60 Section 17 p 22 Adjustments Tubular/pipe instead of steel $5 39 steel less Tubular/pipe $2 15 -$3 24 $ 8 36 Height 1 00 $ 8 36 Perimeter 82 $ 6 855 Current Cost Multiplier 1 32 $ 9 049 Local Multiplier 96 $ 8 687 RCN per Square Foot $ 8 687 RCN 24,702 SF $ 214,584 Depreciation 25 Year Life 80 171,667 RCNLD $ 42,917 10 VALUATION BY THE COST APPROACH Sch R6411486 Building Description Storage Warehouse Year Built 1988 Age 34 Years Avg Construction* Frame Metal Walls Metal Quality Low Area 6,888 sf Office Breakroom 640 sf Height 12 ft Perimeter 382 ft Replacement Cost New M S (05/21) Section 17 p 11 Adjustments Height Penmeter Office Space, 640 x $33 75 / 6,888 Current Cost Multiplier' Local Multiplier RCN per Square Foot RCN 6,888 SF Depreciation 25 Year Life RCNLD Cost /SF $ 23 85 921 $ 21 966 911 $ 20 011 $3 136 $ 23.147 1 14 $ 26 387 96 $ 25 332 $ 25 322 $ 174,486 80 139,589 $ 34,897 11 VALUATION BY THE COST APPROACH Sch. R6411486 Building Description Boiler House Year Built 1973 Age 50 Years Construction Frame Metal Walls Metal Quality Low Area 9,325 sf Height 8 ft Perimeter 546 ft Cost /SF Replacement Cost New M S (05/21) $ 15 85 Section 17 p 12 Adjustments Height .963 $ 15 234 Perimeter 926 $ 14 134 Current Cost Multiplier 1 32 $ 18 657 Local Multiplier 96 $ 17 911 RCN per Square Foot $ 17 911 RCN 9,325 SF $ 167,017 Depreciation 20 Yea' Life 80 133,614 RCNLD $ 33,403 12 VALUATION BY THE COST APPROACH Building Description Pump House Year Built 1990 Age 32 Years Construction: Frame Metal Walls Metal Quality Low Area 480 sf Height 8 ft Perimeter 93 ft Replacement Cost New M.S. (05/21) Section 17 p. 12 Adjustments: Cost /SF $ 15.85 Height .963 $ 15.264 Perimeter 1.311 $ 20.011 Current Cost Multiplier 1.32 $ 26.415 Local Multiplier .96 $ 25.358 RCN per Square Foot $ 25.358 RCN 480 SF Depreciation 20 Year Life RCNLD 13 .80 $ 12,172 9,737 $ 2,435 REPLACEMENT COST VALUATION BY THE COST APPR ACH (Details for each building are on the following pages) Summary Improvements: Replacement Cost New Less Depreciation S. F. Greenhouse p 15 90,814 Storage Warehouse p 11 7,528 Boiler House p 12 9,325 Pump House p 13 480 Improvement Value 109,350 $ 105,834 34,897 33,403 2,435 $ 187,670 Functional Obsolescence: Greenhouse Reproduction Cost $ 155,609 Replacement Cost $ 105,834 $ 49,775 / $155,609 = 32% Rounded 30% REPLACEMENT COST Age Construction: Frame Walls Roof Quality Area Height Perimeter Building Description Greenhouse Year Built 1972 44 Years Avg. Metal Fiberglass Doublepoly Fair 90,814 sf 300x303 loft 1,206 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 Height 1.00 Perimeter .55 Current Cost Multiplier 1.32 Local Multiplier .96 RCN per Square Foot RCN 90,814 SF Depreciation 20 Year Life .80 RCNLD 15 Cost /SF $11.60 $ 8.36 $ 8.36 $ 4.598 $ 6.069 $ 5.827 $ 5.827 $ 529,173 423,338 $ 105,834 VALUATION DATA Restricted Report For Ad Valorem Tax Purposes Agricultural Tagawa Greenhouses Inc 17999 Weld County Road 4 Lochbuie, Colorado Tax Years 2023 Schedule No R6265186 As of June 30, 2022 Prepared By R C Sandstrom April 10, 2024 Location: SUMMARY OF FACTS AND CONCLUSIONS REPRODUCTION COST & REPLACEMENT COST 17999 E. Weld County Road 4 Present Use of Property: Agricultural Present Zoning: Agricultural Conforming: Yes Land Area 54.00 acres Average Number of Building Stories 1 Building Construction: Wood, Pipe & Metal Frame; Fiberglass Sidewalls, Polycarbonate, Lexan & Double Poly Roofs Vintage: 1952-2002 Summary of Value Conclusions: Land Other Ag. Land Agricultural Other Ag. Improvements Less Functional Obsolescence 20% Residential Improvements Land Other Ag. Land Agricultural Other Ag. Improvements Residential Improvements Reproduction Cost $ 330,000 19,576 1,299,773 - 259,955 335,601 $1,724,995 Replacement Cost $ 330,000 19,576 1,062,294 335,601 $1,747,471 PURPOSE OF REPORT This report is prepared to outline the growth of the Tagawa Greenhouses over time and to help distinguish the position of the facilities in regard to REPLACEMENT COST versus reproduction costs We agree with the Weld County residential value less a 20% adjustment for the residential units proximity to the greenhouse operation 4 LAND VALUATION Schedule R6265186 The value for land established by the assessor is $19,576 We do not disagre. Agricultural Land Other Agricultural $ 19,576 $330,000 $349,576 VALUATION BY THE COST APPR ACH (Details for each building are on the following pages) Improvements- Reproduction Cost New Less Depreciation Sch R6265186 Warehouse/Office 17,596 $ 195,749 Utility Bldg/Storage 5,976 22,422 Utility Bldg/Storage 3,064 12,308 Maintenance Shop 6,060 41,903 Boiler House 15,524 75,737 Storage Shed 5,238 26,344 Boiler House 4,122 34,559 Greenhouse Range A 73,104 92,934 Greenhouse Range B 28,300 31,414 Greenhouse Range C & D 81,885 114,544 Greenhouse Range E & F 20,808 37,021 Greenhouse Range 1&2 102,000 129,668 Greenhouse Range 3&4 102,000 129,668 Greenhouse Range 8&9 117,300 139,177 Greenhouse Range 6 29,978 48,438 Greenhouse Range 5 7 2,848 92,313 685,803 $1,224,199 5 Hoop Houses 14,440 14,160 12 Hoop Houses 40,320 39,650 Shade House 53,600 21,724 794,163 $1,299,773 Functional Obsolescence 20% ( 259,955) $1,039,818 * Market Value of Residence $419,501 Less Proximity to greenhouse 20% 83,900 $ 335,601 Sch R6265186 Improvement Value $1,435,419 6 VALUATION BY THE COST APPROACH Sch. R6 265186 Building Description Warehouse/Office (2) Year Built Age Construction: Frame Walls Quality Area Height Perimeter 1985 37 Years Metal Metal Average/Low First Floor 13,000 sf Second floor 4,596 sf 20 ft 500 ft Replacement Cost New M.S. (406) (02 /18) Section 14 p. 26 Section 98 p.5 1.479 Adjustments: Height 1.133 Perimeter .977 Loading Well 3,750 sf @ $13.40 / 13,000 x 1.479 $5.71 2nd Floor Office Finish 4,596 sf @ $54.00/13,000 Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 13,000 SF $ 19.091 1.00 .96 Depreciation 40 Year Life .80 RCNLD Cost /SF $ 32.75 $ 48.43 7 $ 54.879 $ 53.617 $ 59.334 $ 78.425 $ 78.425 $ 75.288 $ 75.288 $ 978,744 782,995 $ 195,749 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Utility Building Storage (3) Year Built 1985 Age 37 Years Construction Frame Metal Walls Metal Quality Low Area 5,976 sf Height 10 ft Perimeter 371 ft Cost /SF Replacement Cost New M S (05/21) $ 15 85 Section 17 p 12 Adjustments - Height 1 000 $ 15 85 Perimeter 934 $ 14 804 Current Cost Multiplier 1 32 $ 19 541 Local Multiplier 96 $ 23 908 RCN per Square Foot $ 18 76 RCN 5,976 SF $ 112,107 Depreciation 25 Year Life 80 89,685 RCNLD $ 22,422 8 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Utility Building Storage (4) Year Built 1972 Age 50 Years Construction Frame Metal Walls Metal Quality Low Area 3,064 sf Height 10 ft Perimeter 257 ft Cost /SF Replacement Cost New M S (05/21) $ 15 85 Section 17 p 12 Adjustments Height 1 000 $ 15 85 Perimeter 1 000 $ 15 85 Current Cost Multiplier 1 32 $ 20 922 Local Multiplier , 96 $ 20 085 RCN per Square Foot $ 20 085 RCN 3,064 SF $ 61,541 Depreciation 25 Year Life 80 49,233 RCNLD $ 12,308 9 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Maintenance Shop (5) Year Built 1974 Age 32 Years Construction Frame Metal Walls Metal Quality Avg Area 6,060 sf Height 10 ft Perimeter 590 ft Cost /SF Replacement Cost New M S (05/17) $ 22 80 Section 17 p 13 Section 98 p 5 1 513 $ 34 496 Adjustments Height 1 000 $ 34 496 Perimeter 1 044 $ 36 014 Current Cost Multiplier 1 00 $ 36 014 Local Multiplier 96 $ 34 574 RCN per Square Foot $ 34 574 RCN 6,060 SF $ 209,516 Depreciation 25 Year Life 80 167,613 RCNLD $ 41,903 10 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Year Built Age Average Construction: Frame Walls Quality Area Height Perimeter Boiler House (6) 1972/2004 34 Years Metal Metal Avg 15,524 sf loft 570 ft Replacement Cost New M.S. (05/21) Section 17 p. 12 Adjustments: Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 15,524 SF Depreciation 20 Year Life RCNLD 1.000 .877 1.32 .96 .80 Cost /SF $ 21.95 $ 21.95 $ 19.25 $ 25.41 $ 24.394 $ 24.394 $ 378,689 302,951 $ 75,737 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Storage Shed (7) Year Built 1974 Age 48 Years Construction Frame Metal Walls Metal Quality Low Ares 5,238 sf Height 10 f1 Perimeter 188 ft Cost /SF Replacement Cost New M S (05/21) $ 15 85 Section 17 p 12 Adjustments. Height 1 000 $ 15 85 Perimeter 1 252 $ 19.844 Current Cost Multiplier 1 32 $ 26 194 Local Multiplier 96 $ 25 147 RCN per Square Foot $ 25 147 RCN 5,238 SF $ 131,718 Depreciation 25 Year Life 80 105,374 RCNLD $ 26,344 12 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Boiler House (8) Year Built 1985 Age 37 Years Construction - Frame Metal Walls Metal Quality Avg Area 4,122 sf Height 18 ft Perimeter 474 ft Cost /SF Replacement Cost New M S (05/21 $ 21 95 Section 17 p 12 Adjustments Height 1 154 $ 25 33 Perimeter 1 306 $ 33 081 Current Cost Multiplier 1 32 $ 43 667 Local Multiplier 96 $ 41 921 RCN per Square Foot $ 41 921 RCN 4,122 SF $ 172,797 Depreciation 25 Year Life 80 138.238 RCNLD $ 34,559 13 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Greenhouse Range A (County Bldg 9) Year Built 1985 Age 31 Years Construction Frame Pipe Walls Fiberglass Roof Polycarbonate Twin Wall Quality Average Area 73,104 sf Height 10 ft Perimeter 1,308 ft Cost /SF Replacement Cost New M S (05/21) $11 60 Section 17 p 22 Adjustments Tubular/pipe instead of steel $5 39 steel less Tubular/pipe $2 15 -$3 24 $ 8 36 Height 1 00 $ 8 36 Perimeter 60 $5016 Current Cost Multiplier 1 32 $ 6 621 Local Multiplier 96 $ 6 356 RCN per Square Foot $ 6356 RCN 73,104 SF $ 464,669 Depreciation 25 Year Life 80 371,735 RCNLD $ 92,934 14 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Greenhouse Range B (County Bldg 10) Year Built 1978 Age 38 Years Construction Frame Pipe Arch Rib/Quonset Walls Fiberglass Roof Double Poly Quality Low Area 28,300 sf Height N/A Perimeter N/A Replacement Cost New M S (05/21) Section 17 p 22 Adjustments Cost /SF $ 3 88 Height 1 00 $ 3 88 Perimeter 1 00 $ 3 88 Concrete Walks 3,364 sf @ $4 20/28,300 $ 50 $ 4 38 Current Cost Multiplier 1 32 $ 5 78 Local Multiplier 96 $ 5 55 RCN per Square ft $ 5 55 RCN 28,300 SF Depreciation 10 Year Life RCNLD 15 $ 157,074 80 125,660 $ 31,414 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Greenhouse Range C & D (County Bldg 11) Year Built 1977 Age 45 Years Construction Frame Pipe Peak Walls Fiberglass Roof Double Poly Quality Fair Area 81,885 sf Height 10 ft Penmeter 1,260 ft Replacement Cost New M S (05/15) Section 17 p 22 Cost /SF $ 7 90 Adjustments Tubular/pipe instead of steel $5 39 steel less Tubular/pipe $2 15 -$3 24 $ 4 66 Height 1 00 $ 4.66 Perimeter 59 $ 2 749 Concrete Walks 53,980 sf @ $4 20/81,885 $2 77 $ 5 519 Current Cost Multiplier 1 32 $ 7 286 Local Multiplier 96 $ 6 994 RCN per Square Foot $ 6 994 RCN 81,885 SF $ 572,719 Depreciation 20 Year Life 80 458,175 RCNLD $ 114,544 16 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range E & F (County Bldg 13) Year Built 1971 Age Construction: Frame Walls Roof Quality Area Height Perimeter 51 Years Pipe Fiberglass Polycarbonate & Acrylic Average 20,808 sf loft 592 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 20,808 SF Depreciation 25 Year Life RCNLD 1.00 .84 1.32 .96 .80 17 Cost /SF $11.60 $ 8.36 $ 8.36 $ 7.022 $ 9.266 $ 8.896 $ 8.896 $185,103 148,082 $ 37,021 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Greenhouse Range 1&2 (County Bldg 15) Year Built 1971-72 Age 50 Years Construction Frame Pipe Walls Fiberglass Roof Polycarbonate Quality Average Area 102,000 sf Height 10 ft Penmeter 1,408 ft Cost /SF Replacement Cost New M S (05/21) $11 60 Section 17 p 22 Adjustments Tubular/pipe instead of steel $5 39 steel less Tubular/pipe $2 15 -$3 24 $ 8 36 Height 1 00 $ 8 36 Perimeter 60 $ 5 016 Current Cost Multiplier 1 32 $ 6 621 Local Multiplier 96 $ 6 356 RCN per Square Foot $ 6 356 RCN 102,000 SF $ 648,340 Depreciation 25 Year Life 80 518,672 RCNLD $ 129,668 18 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range 3&4 (County Bldg 16) Year Built 1973 Age 49 Years Construction: Frame Pipe Walls Fiberglass Roof Polycarbonate Quality Average Area 102,000 sf Height 10 ft Perimeter 1,408 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 102,000 SF Depreciation 25 Year Life Depreciation 25 Year Life RCNLD -$3.24 1.00 .60 1.32 .96 . 80 . 80 19 Cost /SF $1160 $ 8.36 $ 8.36 $ 5.016 $ 6.621 $ 6.356 $ 6.356 $ 648,340 518,672 479,808 $ 129,668 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Greenhouse Range 8&9 (County Bldg 17) Year Built 1971-72 Age 50 Years Construction: Frame pipe Walls Fiberglass Roof Polycarbonate Quality Average Area 117,300 sf Height 10 ft Perimeter 1,402 ft Cost /SF Replacement Cost New M S. (05/21) $11.60 Section 17 p 22 Adjustments Tubular/pipe instead of steel $5 39 steel less Tubular/pipe $2 15 -$3 24 $836 Height 1 00 $ 8 36 Perimeter 56 $4682 Current Cost Multiplier 1 32 $ 6 18 Local Multiplier 96 $ 5 933 RCN per Square Foot $ 5 933 RCN 117,300 SF $ 695,885 Depreciation 25 Year Life 80 556,708 RCNLD $ 139,177 20 HNC Construction: Frame Walls Roof Quality Area Height Perimeter Y ears Pipe Fiberglass Polycarbonate Average 29,978 sf loft 694 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 28,224 SF Depreciation 25 Year Life RCNLD 1.00 .81 1.32 .96 .80 21 Cost /SF $11.60 $ 8.36 $ 8.36 $ 6.772 $ 8.939 $ 8.581 $ 8.581 $ 242,189 193,751 $ 48,438 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Greenhouse Range 5 (County Bldg 19) Year Built 1990-93 Age 30 Years Construction Frame Pipe Walls Fiberglass Roof Double Poly Quality Fair Area 72,848 sf Height 12 ft Perimeter 1,568 ft Cost /SF Replacement Cost New M S (05/21) $ 7 90 Section 17 p 22 Adjustments Height 1 038 $ 8 20 Perimeter 61 $ 5 00 Current Cost Multiplier 1 32 $ 6 60 Local Multiplier 96 $ 6 336 RCN per Square Foot $ 6 336 RCN 72,848 SF $ 461,565 Depreciation 25 Year Life 80 369,252 RCNLD $ 92,313 22 VALUATION BY THE COST APPROACH Sch R6265186 Building Description Greenhouse Range 7 (County Bldg 23) Year Built 1992 Age 30 Years Construction Frame Pipe Hoop Houses (5) Walls Fiberglass Roof Double Poly Quality Low Area 14,400 sf Height N/A Perimeter N/A Cost /SF Adjustments Replacement Cost New M S (05/21) $ 3 88 Section 17 p 22 Adjustments Height 1 00 $ 3 88 Current Cost Multiplier 1 32 $ 5 122 Local Multiplier 96 $ 4 917 RCN per Square Foot $ 4 917 RCN 14,400 SF $ 70,801 Depreciation 10 Year Life 80 56,641 RCNLD $ 14,160 23 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range 10 (County Bldg 24) Year Built 1994 Age 28 Years Construction: Frame Pipe Hoop Houses (14) Walls Roof Double Poly Quality Low Area 40,320 sf Height N/A Perimeter N/A Replacement Cost New M.S. (05/15) Section 17 p. 22 Adjustments: Height 1.00 $ 3.88 Current Cost Multiplier 1.32 $ 5.122 Local Multiplier .96 $ 4.917 RCN per Square Foot $ 4.917 RCN 40,320 SF $198,253 Depreciation 10 Year Life .80 $158,603 RCNLD $ 39,6.50 Cost /SF $ 3.88 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Year Built Age Construction: Frame Walls Roof Quality Area Height Perimeter Shadehouse 200O 22 Years Pipe None Net Low 53,600 sf 14ft 990 ft Replacement Cost New M.S. (05/07) Section 17 p. 23 Low Cost Section 98 p. 5 Metal Adjustments: Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 53,600 SF Depreciation 10 Year Life RCNLD 1.173 1.036 .70 1.32 .96 25 .80 Cost /SF $ 1.88 $ 2.205 $ 2.285 $ 1.599 $2.111 $ 2.027 $ 2.027 $ 108,623 $ 86,899 $ 21,724 VALUATION BY THE COST APPR ACH (Details for each building are on the following pages) Improvements. Replacement Whse/Office/GH3 Page 27 Greenhouse 1 Page 28 Greenhouse 2 Page 29 5 Hoop Houses Page 23 12 Hoop Houses Page 24 Shade House Page 25 Cost New Less Depreciation Square Feet 240,613 239,440 205,739 685,792 14,440 40,320 53,600 794,152 * Market Value of Residence Less Proximity to greenhouse 20% Sch R6265186 Improvement Value $ 419,501 83,900 Value $ 468,522 279,044 239,768 987,334 14,160 39,650 21,724 $ 1,062,868 $ 335,601 $ 1,398,469 Functional Obsolescence Greenhouse Reproduction Cost $ 1,224,199 Replacement Cost $ 987,334 $ 236,865 / $1,224,199 = 19 3% Rounded 20% 26 VALUATION BY THE COST APPROACH Sch. R6 265186 Building Description Replacement Shipping/Receiving/Storage/Warehouse/Office /Greenhouse 3 Year Built 1985 Age 37 Years Construction: Frame Tubular Walls Metal Roof Double Poly Quality Avg. Area 221,797 sf. & 18,216 sf. Height 10 ft Perimeter 2,950 ft Replacement Cost New M.S. (406) (02 /18) Adjustments: Height Perimeter Office 6,396 sf @ $54 / 221,797 2,088 sf. @ $32.25/221,797 Loading Well 10,980 sf @ $13.40 / 221,797 Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 111,612 SF Add Soil Bldg. 18,816 @13.55 x 1.32x.96 Depreciation 30 Year Life RCNLD 1.00 .59 $ 1.557 $ .304 $ .663 1.32 .96 .80 27 Cost /SF $ 7.90 $ 7.90 $4.661 $6.218 $6.522 $7.185 $9.485 $9.105 $9.105 $ 2,019,527 $ 323,081 $ 2,342,608 1,874,086 $ 468,522 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Replacement Greenhouse 1 Year Built Variable Age Construction: Frame Walls Roof Quality Area Height Perimeter 26Years Metal Fiberglass Polycarbonate Average 211,500 loft 1,997 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 239A40 SF Depreciation 25 Year Life RCNLD 1.000 .55 1.32 .96 .80 28 Cost /SF $11.60 $ 8.36 $ 8.36 $ 4.598 $ 6.069 $ 5.827 $ 5.827 $ 1,395,217 1,116,173 $ 279,044 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Replacement Greenhouse 2 Year Built Variable 26Years Age Construction: Frame Walls Roof Quality Area Height Perimeter Metal Fiberglass Polycarbonate Average 205,739 loft 1,885 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 Height 1.000 Perimeter .55 Current Cost Multiplier 1.32 Local Multiplier .96 RCN per Square Foot RCN 205,739 SF Depreciation 25 Year Life RCNLD 29 .80 Cost /SF $11.60 $ 8.36 $ 8.36 $ 4.598 $ 6.069 $ 5.827 $ 5.827 $1,198,841 959,073 $ 239,768 9/20/2024 Attn Brenda Dones RE 2023 Abatement received 4/19/2024 R6411486 Tagawa Greenhouses 18072 County Road 4 Brighton, CO 2023 Assessors Value $525,121 Agricultural land Residence Commercial land and improvements $39,099 00 $207,623 00 $278,399 00 SUBJECT The subject property is a greenhouse enterprise comprised of two parcels located at the corner of County Road 4 and County Road 37 near Brighton This report covers one of the two parcels This single parcel is 56 28 acres and includes 7 buildings totaling 113,047 square feet The improvements include a single-family residence, 92,834 square feet of greenhouse, and 19,349 square feet of warehouse Abatement Request The property owner is represented by Ron Sandstrom and he is asking that the value be reduced to $268,260 The agent included a valuation packet in which he describes each building and his calculated cost value Description and Analysis This is a mixed -use property The property includes a single-family residence that is valued using the market approach, it has 51 78 acres of agricultural land that is valued using the income approach, and the remaining 4 5 acres of land and greenhouse related structures are valued using the cost approach The property was inspected in June 2024, and it was discovered the use of some buildings had changed and some buildings had more square footage than our records indicated Our records reflected a total improvement square footage of 110,531 square feet instead of the 113,047 that were present as of the assessment date of January 1, 2023 After correcting the building characteristics, the cost value of the buildings on the parcel increased by $257,599 Cost Approach: The land value was determined to be $39,099 for 51.78 acres of agricultural land which is derived from using a 10 -year income average for sprinkler irrigated land. There is an additional 4.5 acres valued at $49.500 or .25 per square foot. The Assessor and the agent agree on the land value due to the large agricultural component. For the 2023 valuation, a cost approach was completed on each building using the built -as building area of record. The results are included below. Original Cost R6411486 Built As Imp 1 Nursery Greenhouse Imp 2 Warehouse Imp 3 Nursery Greenhouse Imp 4 Warehouse Imp 5 Warehouse Imp 6 Nursery Greenhouse Land Total Greenhouse Warehouse Hoop Shade 2023 Value 52,992 $62,531 9,325 $55,941 24,702 $41,598 7,523 $40,561 480 $1,594 14,640 $26,674 $88,599 $317,498 S/SF $1.18 56.00 $1.68 $5.39 $3.32 $1.82 Value By Cost Cost Cost Cost Cost Cost In addition, the cost approach was reperformed using the correct built -as, building characteristics, and building areas that were present as of the assessment date of January 1St 2023. The results are presented below. R6411486 Built As Imp 1 Nursery Greenhouse Imp 2 Warehouse Imp 3 Nursery Greenhouse imp 4 Warehouse Imp 5 Warehouse Imp 6 Nursery Greenhouse Land Total Updated Cost Greenhouse Warehouse Hoop Shade 2023 Value $/SF Value By 53,492 24,702 14,640 11,341 7,528 480 $91,782 $264,774 $61,113 $40,561 $1,594 526,674 $88, 599 $23.35 $2.47 $5.39 $3.32 51.82 Difference $1.72 Cost $29,251 $208,833 $19,515 $o $o Cost Cost Cost Cost Cost So 5575,097 $257,599 Market Approach A market approach was completed for the single-family residential building only The land value was adjusted down to zero land in the comparable sales used since the land value is showing up in the cost approach The range of adjusted sales are from $247 03 to $339 32 per square foot The current value of the residential building on the parcel is $207,623 or $240 30 per square foot This is slightly lower than the range due to location A reduction in value is not supported by the market Income Approach An income approach was considered but not developed due to the lack of income data available on unique properties similar to the subject Reconciliation and Summary I recommend a denial of the petition for abatement The market value of the residential building is supported by the market at $207,623 and the cost value of $317,498 is supported by the characteristics of each building as they existed on January 1st, 2023 After an inspection was performed, and building characteristics have been updated, the increase in the cost value is substantial It is my recommendation that the value of $525,121 be held for 2023 nnil5111:IIUt WWW5wrI;` IJIAGII fiblAVr Photos and Sketches Improvement 1 '28 0' b Greenhouse Range 1 Bit 1972 Metal frame.Wood Truss Fiberglass sidewais Triple Wall Potycarbonate Roof Covenng 19200.0 sf 8' WM w 0 214' Bldg ;11 (005) Tota 53.492 !q !t Greenhouse Greenhouse Range 3 Range 4 Bit 1973 Bit 1976 Metal frame Meta Frame Fiberglass Sces F trg ass soes & Roc' Dow t•v Poi)cst-r ale Roo' Comr~g 32592.0 sf $' WH zip 8' 4 1 .. �. 0 Improvement 2 i3 Ott tbo+ 1*0W .. I t rel Firet nom ,2i1 0 d UtS ty Shed Rdg 31 ems asp it x� Ars*ow SOLO %sip Wadie s et 1913 Can In' Sett sae Capin X 4,2 M • — lisaM his► • 0 Improvement 3 0 rl 142 O 0 • 0 r\I 15' Bldg #3 Greenhouse 24,702 st F Meta' Frame alas sides Double Potvcarbonate Range 5 i 1 156.0' Improvement 4 Bldg , 20' S rei 5' E 25' First Floor 640.0 sf Off ce 8 reak Room Storage Warehouse Blt 1988 Class S 12' vvh rst Floor 6888.0 sf • _ 82' Improvement 5 15.5' lis First Floor 480.5 sf 8' WH Pump House Bldg 5 Improvement 6 alet airs a, . ,a..- , r... et 4,04 9W Range 2 Bit 1973 Metal Frame Steel Bow Double Polyethylene Fiberglass Sides 11.s• 30.5' 1320.0 sf ti 132 Improvement 7 Additional Photos Improvement 1, interior Improvement 1, construction Improvement 3 and 4, construction 9/30/24, 10 26 AM Property Report Weld County PROPERTY PORTAL Property Information (970) 400-3650 Technical Support (970) 400-4357 Account: R6411486 September 30, 2024 Account Information Account Parcel Space Account Type Tax Year Buildings Actual Value Assessed Value R6411486 147331201005 Agricultural 2024 7 525,121 101,900 Legal 10874 L57 TO 64 SUBDIVISION OF SEC 31 1 65 ALSO THAT PT OF NE4NW4 BEG NE COR L57 S TO SE COR L63 E470' N24D10'W 430' N1D55'E 555' N9DW 380' TO N LN SEC W250' TO BEG EXC BEG 460'S OF NW COR OF SEC S200' E300' N200' W300' TO BEG EXC UPRR RES (1D 1 86R) Subdivision Block Lot Land Economic Area HUDSON LAND COMPANY 57 GREEN HOUSE ECON 4 Property Address Crity arty Zip Section Township Range 18072 COUNTY ROAD 4 WELD 31 01 65 Owner(s) Account Owner Name Address R6411486 TAGAWA GREENHOUSES INC 17999 COUNTY ROAD 4 BRIGHTON, CO 806039731 Document History https //propertyreport weld qov/vaccount=R6411486 1/17 I 4 I I p This map is a user generated static output from an Internet mapping site and is for reference only. Data layers that appear on this map may or may not be accurate, current, or otherwise reliable THIS MAP IS NOT TO BE USED FOR NAVIGATION 9/20/2024 Attn: Brenda Dones RE: 2023 Abatement received 4/19/2024 R6265186 Tagawa Greenhouses 17999 County Road 4 Brighton, CO 2023 Assessors Value $2,288,732 Agricultural land: $19,576.00 Residence: $419,501.00 Commercial land and improvements: $1,849,655.00 SUBJECT: The subject property is a greenhouse enterprise comprised of two parcels located at the corner of County Road 4 and County Road 37 near Brighton. This report covers one of the two parcels. This single parcel is 54 acres in size and includes 21 buildings totaling 856,686 square feet. The improvements include a single-family residence, 587,426 sf of greenhouse, 107,708 square feet of warehouse, 104,620 square feet of hoop green house, and 53,600 square feet of shade structure. Abatement Request: The property owner is represented by Ron Sandstrom and he is asking that the value be reduced to $1,678,900. The agent included a valuation packet in which he describes each building and his calculated cost value. Description and Analysis: This is a mixed -use property. The property includes a single-family residence that is valued using the market approach, it has 24 acres of agricultural land that is valued using the income approach, and the remaining 30 acres of land and greenhouse related structures are valued using the cost approach. The property was inspected in June 2024 and it was discovered that some of the buildings were incorrectly identified as three -sided sheds instead of four-sided buildings, and some buildings had more square footage than our records indicated. Our records reflected a total improvement square footage of 819,258 instead of the 856,686 square feet that were present as of the assessment date of January 1, 2023. After correcting the building characteristics and adding the missing square footage, the cost value of the buildings on the parcel increased by $1,120,756. Cost Approach: The land value was determined to be $19,575.60 for 24 acres of agricultural land which is derived from using a 10 -year income average for sprinkler irrigated land. There is an additional 30 acres valued at $330,000 or $0.25 per square foot. The Assessor and the agent agree on the land value due to the large agricultural component. For the 2023 valuation, a cost approach was completed on each building using the built -as building area of record. The results are included below. Original Cost R6265186 Built As Greenhouse Warehouse Hoop Shade 2023 Value $/SF Value By Imp 2 Storage Warehouse 17,596 $297,722 $16.92 Cost Imp 3 Comm -Shed Equipment 5,976 $32,916 $5.51 Cost Imp 4 Comm -Shed Equipment 3,064 $17,802 $5.81 Cost Imp 5 Service Garage 6,060 $88,403 $1459 Cost Imp 6 Comm -Shed Equipment 15,525 $89,349 $5.76 Cost Imp 7 Comm -Shed Equipment 5,238 $31,690 $6.05 Cost Imp 8 Comm -Shed Equipment 4,122 $30,107 $7.30 Cost Imp 9 Nursery Greenhouse 73,104 $128,955 $1.76 Cost Imp 30 Hoop 28,300 $24,307 $0.86 Cost Imp 11 Nursery Greenhouse 81,885 $103,852 $1.27 Cost Imp 13 Nursery Greenhouse 21,600 $23,242 $1.08 Cost Imp 14 Nursery Greenhouse 20,808 $49,065 $2.36 Cost Imp 15 Nursery Greenhouse 321,300 $259,610 $0.81 Cost Imp 18 Nursery Greenhouse 29,978 $58,937 $1.97 Cost Imp 19 Nursery Greenhouse 72,848 $204,659 $2.81 Cost Imp 23 Hoop 14,400 $14,198 $0.99 Cost Imp 24 Hoop 40,320 $39,757 $0.99 Cost Imp 25 Greenhouse Shade Shelter 53,600 $25,004 $0.47 Cost Land $349,576 Total $1,869,231 In addition, the cost approach was reperformed using the correct built -as, building characteristics, and building areas that were present as of the assessment date of January 1m, 2023. The results are presented on the next page. Updated Cost R6265186 Built As Imp 2 Storage Warehouse/Greenhouse Imp 3 Storage Warehouse/Greenhouse Imp 4 Storage Warehouse Imp 5 Service Garage/Greenhouse Imp 6 Ctuanset/Comm-Shed Equipment Imp 7 Light Comm Utility/Greenhouse Imp 8 Light Comm Utility Imp 9 Nursery Greenhouse Imp 10 Hoop Imp 11 Nursery Greenhouse Imp 13 Nursery Greenhouse Imp 14 Nursery Greenhouse Imp 15 Nursery Greenhouse Imp 18 Nursery Greenhouse Imp 19 Storage Warehouse/Greenhouse Imp 23 Hoop Imp 24 Hoop Imp 25 Greenhouse Shade Shelter Imp 26 Light Comm Utility Imp 27 Light Comm Utility Land Total Market Approach: Greenhouse Warehouse Hoop 1,296 964 1,440 3,814 73,104 82,045 20,808 333,768 29,973 40,209 17,596 5,976 3,024 6,060 17,494 5,238 4,122 40,942 3,976 3,280 28,300 21,600 14,400 40,320 Shade 2023 Value $301, 380 $78,067 $33,548 $98,626 $173,583 $43,817 $27,815 $128,955 $24,307 $103,980 $49,982 $49,065 $599,062 $58,937 $636,728 $14,198 $39,757 53,600 $25,084 $85,751 $62,769 $349,576 $2,989,987 $/SF $15.95 $11.25 $12.75 $13.15 $9.92 $4.84 $6.75 $1.76 $0.86 $1.27 $2.31 $2.36 $1.79 $1.97 $7.85 $0.99 $0.99 $0.47 521.57 $19.14 Value By Difference Cost $3,658 Cost $45,151 Cost $20,746 Cost $10,223 Cost $84,234 Cost $12,127 Cost -$2,292 Cost $0 Cost SO Cost $128 Cost $26,740 Cost $0 Cost $339,452 Cost $0 Cost $432,069 Cost Cost Cost Cost $85,751 Cost $62,769 $0 $0 $0 $1,120,756 A market approach was completed for the single-family residential building only. The land value was adjusted down to zero land in the comparable sales used since the land value is showing up in the cost approach. The range of sales price is from $132.75 to $203.49 per square foot. The current value of the residential building on the parcel is $419,501 or $119.38 per square foot. This is slightly lower than the range due to location and the fact it is attached to a greenhouse. A reduction in value is not supported by the market. Income Approach: An income approach was considered but not developed due to the lack of market income data available on unique properties similar to the subject. Reconciliation and Summary: I recommend a denial of the petition for abatement. The market value of the residential building is supported by the market at $419,501 and the cost value of $1,869,231 is supported by the characteristics of each building as they existed on January 1St, 2023. After an inspection was performed, and all building characteristics have been updated, the increase in the cost value is substantial. It is my recommendation that the value of $2,288,732 be held for 2023. Map of subject and surrounding area with overhead imagery .1 ..<71 • _'/a1 1. { far , I, A -- • t ♦1 l r I ♦ IOL AEI • .n Photos and Sketches Improvement 1 i OM .. • 3S" Greenhouse 1750.0 s1 >r: 1 1t2 Story First Floor Se<ond lbw Rini Resrdence 2489.0 sf 1025 0 sf 9050 st P. 7 (Bldg #1 2/8 2 ;5 r 49 U Improvement 2 $4 80 0 j COMMA WM f Han t so o� Xf 77 Btt 1985 Class S Space Heat 20' wtt Storage garehouse,Office 2o• F Bldg 082 1000' Msn Doc* 20 01 Concrete Slab isms o r1 2i' Second Flour 1796.0 w Remodel Unk t2' 10ocr 16 Carier4to 102.0 Office 2 STORY 1st *vat l,1O0 sq ft Ind lent I. iq ft SOU SCr Improvement 3 $4. BIc a #3 60• AtMytrM psJnorD 0 44 IC' • eik Atmosphere Control Room 600 Storage Warehouse 8R 1985 Class S sower to rift 5976.0 5! a 144 Or Improvement 4 12' 1i' 20' 12' it r 33' Crease Via l: Storage Warm 8M 1972 Class S 10r wfi 3024 0 sf 355* 72' 7 20' 2W 14' 12' Improvement 5 210 bldg #5 120G -0U' i Storage Warehouse Maintenance Shop Bit 1974 Class S 10' IA Total sf 6.060 Improvement 6 M C C 41.5 300 D' x try r. 0 a 0 • N 0 t 3 2000 1000 O Bldg #6 Main Boiler Room/Shop Breakroom Storage Warehouse Bit 1972 3,444 sQ ft Class 1z von El. 4s, Pp4 v '1*itl Ne1M I II c 976 sy • scallion added year % cow+ 2004 9420.5 sf Areas in yellow are 3816.0 sq. ft Measure from aerial 1,9/0 sf added in 2015 17,494.5 sf in Total Improvement 7 Vs). r ass eear tMS RIills illeares CO IF a X SIP bee i ► a Ss S. Heide S N+i atr' r tan* almires It Improvement 8 I 42.8' Storage Warehouse E3.�1•� t ous•.- Bit 1985 Class S tlo Heat 186 w 3126.8 sf • _ 995.0 sf 0 0 8' co 1 Improvement 9 1342.0 st h A t4 Bldg 449 I i { i&ccnhane Ranrje A *0 196°) Melia Pole Polyt stones* 717120 sr New Poonarbonetet war 2018 at % 41 S. a.' �.. .. . _* y4* • _• • s.. V •. 41 5' 41 V' a9.0• Improvement 10 Range B Add On for Bldg 10 Arch Roof Blt 1978 Frame Only 82 Concrete Walks 3364.0 sf 0 a._ s rrelees 0 30 ?0 30 10 _CI a I1 J Q Ui 28300.0 sf 1 Improvement 11 Bldg #11 Greenhouse Bit 1976 - 1978 216' • 52560.0 sf Blt 1977 Straight wall Gable roof Range C 360.0' 525.0 sf 15' frin 1� 72' Chamber 72' Entire Poor Cement Part Range D 28800.0 sf Blt 1976 Straight wall Gable roof 192.0' 0 0 Improvement 13 Bldg #13 c Part of Range D Greenhouse Blt 1987 6 Units Straight Walls Gable Roof 21600.0 sf 9' WH 144' Improvement 14 15?' Greenhouse Range E & F Blt 1971 5 units Straight wall Gable roof 20808.0 sf 92' 60 Bldg #14 Improvement 15 Bldg N 500.0' Greenhouse Range 1 & Bit 1970-1972 12 units Straight walls Gable roof 102000.0 sf Improvement 17 Improvement 18 Sr 4 se Sh- ;4-rrc . '. a -I- a wawaarersi/e// 'u,invr I - q_ • • y- .ir_ Jaen J1 Sus -10 ,— • 01. _. " ^rife -- ♦. M - 1.., r l a-: - • :F sly a r Bldg #18 178' Greenhouse Range 6 Bit 1990 4 units Straight wall Gable roof 29978.0 sf 9 'r':' hi 170' L^ Improvement 19 Ccr._ g:, . 9.t 16.500 v I mown A Rang, s Total sq. it. S0,376 sf w 98.0' ar 20 200 0 s' 100 1,. • 411 E5 41 5 • 1 a • a .aa r-- II e O O It 4 A DS b k . 4.2Jvi krs 19f0 ' 113R A *t 1 Improvement 23 Pt b 300' • Hoop House 88 1992 Pipe Frame Double Potyetbalyne tie Heat 2880.0 si 300 2880 0 ,f O co rn 30 0' 2880 0 -,t 30 0' • 2 880 0 st b • 30 0' •880 0 ,t • Improvement 24 Typical Hoop House 30.0' 14 Hoop Houses Hoop House Bit 1994 Pipe Frame Double Polyethalyne No Heat 2880.0 sf 14 hoop houses times 2880.0 sq ft 40320.0 sq.ft. 96.0' Improvement 25 160' • Greenhouse shade shelters LA en Range 10 Blt 2000 Metal skeleton frame 14' wh Dirt floors No Heat 51600.0 sf Improvement 26 Warehouse rnt f*o. . �. 1 •MS o d t 7 's Concrete Sisb 1680 Q d Bd :$4 c v I,._.,.. •-\... r.... .. ,.-,- -- _ .!'H,S it. Improvement 27 Water Storage Building F tit,* F lour 2400 0 st 4'WH Built 2021 40' Warehouse Flost f lacx St0 o st 10' W M Built 2O21 Improvement 19, construction Improvement 24, size of framing 9/30/24, 11 55 AM Property Report Weld County PROPERTY PORTAL Property Information (970) 400-3650 Technical Support (970) 400-4357 Account: 86265/86 September 30, 2024 Account Information Account Parcel Space Account Type Tax Year Buildings Actual Value Assessed Value R6265186 147125000015 Commercial 2024 21 2,288,732 549,330 Legal 15958 SE4SE4/E2SW4SE4 25 1 66 EXC UPRR RES (3R) Subdivision Block Lot Land Economic Area GREEN HOUSE ECON 4 Property Address City Property Zip Section Township Range 17999 COUNTY ROAD 4 WELD 25 01 66 Owner(s) Account Owner Name Address R6265186 TAGAWA GREENHOUSES INC 17999 COUNTY ROAD 4 BRIGHTON, CO 806039731 Document History https //propertyreport weld gov/9account=R6265186 1/45 .; WELD COUNTY I lialiss lar Tax Abatement Petition - R6265186 hen +•.r • E eia.o'(�-'' !ti-: +;'•�.Alr �4A' tw r- ,i .: w � Y V r.. ` • i k.. _Y'�,c �i{j�r .:..A -'♦...... •• -'jI r.r•.�.zu••�•' �i ;l4 +14yy _� f .�>� t �!. 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'fll . .. . y L. a 1! flier 1,490.3 0 745.13 1,4903 Feet This map is a user generated static output from an Internet mapping site and is for reference only. Data layers that WGS_1984_ Web_ Mercator_Auxiliary_Sphere (c) Weld County Colorado THIS appear on MAP IS NOT this map may or may not current, or otherwise TO BE USED FOR NAVIGATION be accurate, reliable Clerk to the Board Phone: (970) 400-4225 Fax: (970) 336-7233 1150 O Street P.O. Box 758 Greeley, Colorado 80632 www.weld.gov October 4, 2024 TAGAWA GREENHOUSES INC. 17999 C R 4 BRIGHTON CO 80603-9731 RE: Schedule Numbers R6411486 and R6265186 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petitions for abatement or refund of taxes on the properties described as: 18072 County Road 4, Wiggins; Colorado 80654, and 17999 County Road 4, Brighton, Colorado 80603-9731. The meeting is scheduled for Wednesday, October 16, 2024, at 9:00 a.m., in the Chambers of the Board of County Commissioners of Weld County, Colorado, Weld County Administration Building, 1150 O Street; Assembly Room, Greeley, Colorado 80631. The Assessor is recommending that the Board deny your petitions. You are not required to be present at this hearing; however, this is your opportunity to have your position heard, particularly if your position is opposed to the Assessor's recommendation. If you intend to submit any documentation in support of your position for this hearing. all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearin g If you have any questions concerning this matter, please do not hesitate to contact me at (970) 400-4217. Very truly yours, cc A1/D ck. Janet M. Warwick Deputy Clerk to the Board jwarwick©weld.gov Enclosures: Copies of Petitions for Abatement or Refund of Taxes cc: Weld County Assessor RCS P Tax, Inc. Jan Warwick From: Sent: To: Cc: Subject: Attachments: Good afternoon, Jan Warwick Friday, October 4, 2024 12 51 PM Ron Sandstrom Chloe White Tax Abatement Petitions - R6411486 and R6265186 - Tagawa Greenhouses, Inc Letter - Set Date w attachments pdf This is to advise you that the Weld County Board of Commissioners will hear your petitions for abatement or refund of taxes on the properties described as 18072 County Road 4, Wiggins, Colorado 80654, and 17999 County Road 4, Brighton, Colorado 80603-9731 The meeting is scheduled for Wednesday, October 16, 2024, at 9 00 a m Please see the attached letter and copy of the petition form for further information (hard -copies to follow) Sincere regards, Jan Warwick Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel 970-400-4217 Confidentiality Notice This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited Weld County Petition for Abatement or Refund of Taxes Certificate of Mailing First Name Last Name Company Address 1 City State Postal Code TAGAWA GREENHOUSES 17999 C R 4 BRIGHTON CO 80603 - 9731 INC RON SANDSTROM RCS P TAX INC 11540 W 69TH WAY ARVADA CO 80004 RONSANDSTROM@Q.COM I hereby certify that I have sent a notification of hearing date letter in accordance with the notification requirements of Weld County in the United States Mail, postage prepaid First Class Mail by letter as addressed on the attached list this 4th day of October. 2024. a a N rR Gktheist • turick Janet M. Warwick Deputy Clerk to the Board U.S. Postal Service' CERTIFIED MAIL® RECEIPT Domestic Mail Only For delivery information, visit our website at www.usps.comc'. Certified Mail Fee Extra Services & Fees (check box, add fee as appropriate) ❑ Return Receipt (hardcopy) $ ❑ Return Receipt (electronic) $ ❑ Certified Mail Restricted Delivery $ ❑ Adult Signature Required $ Adult Signature Restricted Delivery $ Postage Total Postage and Fees Se wit! Postmark Here ≤tree Ci tk a(N)wa viz�Lee,,,h1Qwst s -Sit) fT"hhr 80 PS Form 3806, April 2015 PSN 7530-02-000-9047 a •gq3t See Reverse lot lnstructiuh,;' c E +) t6 Q. E U ■ a) a) O O c iij a 2 O a a coC u- - .- cv a Eccs L. O O ci ■ oN 0 r U J•. o a) 0 a a) cc; a� -b- >, `J 'O .0 "a `y a" 0 > ' > CC C� C] O -c E 96 O 0 O 0 O co ■ as 0 a O C O O Article Addressed to: • T N c Cr '1% ct 2 0 0 0 DO rba C C 0 0 a) 3 o 13 sE 143 a) a,E cr >N22713-- rag:1)8 _ 2222c.4 — rn c' -s °, O w d� o88.. cti ❑❑ AEI ❑❑C N CD CD O N O CO C\J O CD In C) m U. a a re a- r-� a Domestic Return Receipt PS Form 3811, July 2015 PSN 7530-02-000-9053 U.S. Postal Service' CERTIFIED MAIL® RECEIPT Domestic Mail Only For delivery information, visit our website at www.usps.com' Certified Mail Fee Extra Services & Fees (check box, add fee as appropriate) ❑ Return Receipt (hardcopy) $ ❑ Return Receipt (electronic) $ ❑ Certified Mall Restricted Delivery $ • Adult Signature Required $ D Adult Signature Restricted Delivery $ Postage Total p and F D ≥azckfrom Sent 'yes Stre tY, or PO so 4 Postmark Here PS Form 3800, April 2015 PSN 7530.02-000-9047 See Reverse for instructions O cn .> eaj < o DD °' C U a� U > .Q N O E C + s O C'') ) O o 7:3ai cco -a .l CO (I) N t j � r Ct3 O CO 0 E E 7t; so C U U "a5 o a >, -C E c- ro UQ-cco< .. . 4 a. C) CO a. O 4- 0 L O O c-� a)as a)w T-3 D L- as w ro� a' N >. U) 0 aig a▪ ) CC ad, m m® I— Ifs v'chi c c U at co a1 7 Cn Q D w .≥ 75 ii .> .>a) aoo • c c w00 E s2 UUU CD a a> .-' y U) a) cc as coo 5. r c t ❑ ❑❑E 4h 4 � 0 ern TjD R -s cn 0 a a. U � (teLt)- Article Number (Transfer from service label) N In or CI MI a a r -q ru C` At Domestic Return Receipt co 0 rn 0 0 0 CO N- 11) O T CO LL Jan Warwick From: Sent: To: Subject: Attachments: send Jan, Attached files Ron Ron Sandstrom <ronsandstrom@q.com> Wednesday, October 9, 2024 3:22 PM Jan Warwick 2023 Tagawa Appeal Office Depot Scan 10-09-2024_13-06-21-357.pdf On Wed, 9 Oct, 2024 at 1:07 PM, Office Depot <noreply2@officedepot.com> wrote: To: ronsandstrom@qcom From: <noreply1@officedepot.com> Here is your scanned attachment. CONFIDENTIALITY NOTICE: The information contained in this email and attached document(s) may contain confidential information that is intended only for the addressee(s). If you are not the intended recipient, you are hereby advised that any disclosure, copying, distribution or the taking of any action in reliance upon the information is prohibited. If you have received this email in error, please immediately notify the sender and delete it from your system. VALUATION DATA Restricted Report For Ad Valorem Tax Purposes Agricultural Tagawa Greenhouses Inc. 18072 Weld County Road 4 Lochbuie, Colorado Tax Year 2023 Schedule No. R6411486 As of June 30, 2022 Prepared By: R.C. Sandstrom August 11, 2024 TABLE OF CONTENTS PAGE Title Page Table of Contents 2 Summary of Facts and Conclusions 3 Purpose of Report 4 Land Valuation 5 Reproduction Cost Approach Summary Improvements 6 Reproduction Cost Approach by Structure 7-13 Replacement Cost Approach Summary Improvements14 Replacement Cost Approach by Structure 15 Site Plan ...Aerial Photo 16 2 SUMMARY OF FACTS AND CONCLUSIONS Location: 18072 E. Weld County Road 4 Present Use of Property: Agricultural Present Zoning: Agricultural Conforming: Yes Land Area R6411486 58.76 acres Average Number of Building Stories Building Construction: Wood, Pipe & Metal Frame; Fiberglass, & Double Poly Roofs and Sidewalls Vintage: 1972-1990 Summary of Value Conclusions: Reproduction Replacement Land : Agricultural Other Agricultural Total Land $ 39,099 $ 39,099 49,500 49,500 $ 88,599 $ 88,599 Residential Improvement $ 207,623 $ 207,623 Less proximately to Greenhouses 20% - 41,525 - 41,525 Other Ag. Improvements $ 166,098 $ 166,098 Replacement Cost Greenhouses Less: Functional Obsolescence 30% Storage Warehouse Utility Bldg./ Boiler House Pump House Total Improvements Legislative Value Adjustment $ 155,609 $ 105,834 $ 46,683 $ 108,926 $ 105,834 34,897 34,897 33,403 33,403 2,435 2,435 $ 179.661 $ 176,569 $ 55,000 $ 55,000 Total Value $ 379,358 $ 376,266 3 PURPOSE OF REPORT This report is prepared to outline the growth of this Tagawa Greenhouse property over time and to help distinguish the position of the facility in regard to REPLACEMENT COST versus reproduction costs. 4 LAND VALUATION The value for land established by the assessor is accepted. Schedule R6265186: Agricultural Land Other Agricultural 51.78 acres @ $ 755.11 $ 39,099 4.50 acres @ $11,000.00 $ 49.500 54.00 acres $ 88.599 5 VALUATION BY THE COST APPR ACH (Details for each building are on the following pages) Summary Improvements: Reproduction Cost New Less Depreciation S. F. Greenhouse Range 1 20,400 $ 36,739 Greenhouse Range 2 14,320 19.831 Greenhouse Range 3&4 32,592 56,122 Greenhouse Range 5 24.702 42,917 Storage Warehouse 7,528 34,897 Utility Bldg. / Boiler Hse. 9,325 33.403 Pump House 480 2,435 Sch. R6411486 Improvement Value 109,347 $ 226,344 6 VALUATION BY THE COST APPROACH Sch. R64I 1486 Building Description Greenhouse Range I Year Built 1972 Age 52 Years Avg. Construction: Frame Pipe Walls Fiberglass Roof Polycarbonate Quality Average Area 19,200 sf Covered Walk 1,200 sf Height 10 ft Perimeter 556 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.00 $ 8.36 Perimeter .85 $ 7.106 Current Cost Multiplier 1.32 $ 9.380 Local Multiplier .96 $ 9.005 RCN per Square Foot $ 9.005 RCN 20,400 SF $ 183,696 Depreciation 25 Year Life .80 $ 146,957 RCNLD $ 36,739 7 VALUATION BY THE COST APPROACH Sch. R6411486 Building Description Greenhouse Range 2 Year Built 1973 Age 50 Years Avg. Construction: Frame Metal -Quonset Walls Fiberglass Roof Double Poly Quality Fair Area 14,320 sf Height 3 ft Perimeter 536 ft Cost /SF Replacement Cost New M.S. (05/21) $ 5.65 Section 17 p. 22 Adjustments: Sidewall 1.05% $ 5.99 Height 1.00 $ 5.99 Perimeter .92 $ 5.51 Current Cost Multiplier 1.32 $ 7.27 Local Multiplier .96 $ 6.98 RCN per Square Foot $ 6.98 RCN 14,320 SF $ 99,794 Depreciation 15 Year Life .80 79,963 RCNLD $ 19,831 8 VALUATION BY THE COST APPROACH Sch. R6411486 Building Description Greenhouse Range 3 & 4 Year Built 1973-76 Age 41 Years Avg. Construction: Frame Pipe Walls Fiberglass Roof Fiberglass & Polycarbonate Quality Average Area 32,592 sf Height 8-10 ft Perimeter 740 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height .991 $ 8.285 Perimeter .82 $ 6.794 Current Cost Multiplier 1.32 $ 8.967 Local Multiplier .96 $ 8.609 RCN per Square Foot $ 8.609 RCN 32,595 SF $ 280,610 Depreciation 25 Year Life .80 $ 224,488 RCNLD $ 56,122 9 VALUATION BY THE COST APPROACH Sch. R6411486 Building Description Greenhouse Range 5 Year Built 1988 Age 30 Years Avg. Construction: Frame Pipe/Tubular Walls Fiberglass Roof Duraglass Quality Average Area 24,702 sf Height 10 ft Perimeter 642 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.00 $ 8.36 Perimeter .82 $ 6.855 Current Cost Multiplier 1.32 $ 9.049 Local Multiplier .96 $ 8.687 RCN per Square Foot $ 8.687 RCN 24,702 SF $ 214,584 Depreciation 25 Year Life .80 171,667 RCNLD $ 42,917 10 VALUATION BY THE COST APPROACH Sch. R6411486 Building Description Storage Warehouse Year Built 1988 Age 34 Years Avg. Construction: Frame Metal Walls Metal Quality Low Area 6.888 sf Office Breakroom 640 sf. Height 12 ft Perimeter 382 ft Replacement Cost New M.S. (05/21) Section 17 p. 11 Adjustments: Height Perimeter Office Space; 640 x $33.75 / 6,888 Current Cost Multiplier' Local Multiplier RCN per Square Foot RCN 6.888 SF Depreciation 25 Year Life RCNLD Cost /SF $ 23.85 .921 $ 21.966 .911 $ 20.011 $3.136 $ 23.147 1.14 $ 26.387 .96 $ 25.332 $ 25.322 $ 174,486 .80 139,589 $ 34,897 11 VALUATION BY THE COST APPROACH Sch. R6411486 Building Description Boiler House Year Built 1973 Age 50 Years Construction: Frame Metal Walls Metal Quality Low Area 9,325 sf Height 8 ft Perimeter 546 ft Cost /SF Replacement Cost New M.S. (05/21) $ 15.85 Section 17 p. 12 Adjustments: Height .963 $ 15.234 Perimeter .926 $ 14.134 Current Cost Multiplier 1.32 $ 18.657 Local Multiplier .96 $ 17.911 RCN per Square Foot $ 17.911 RCN 9,325 SF $ 167,017 Depreciation 20 Year Life .80 133,614 RCNLD $ 33,403 12 VALUATION BY THE COST APPROACH Building Description Pump House Year Built 1990 Age 32 Years Construction: Frame Metal Walls Metal Quality Low Area 480 sf Height 8 ft Perimeter 93 ft Cost /SF Replacement Cost New M.S. (05/21) $ 15.85 Section 17 p. 12 Adjustments: Height .963 $ 15.264 Perimeter 1.311 $ 20.011 Current Cost Multiplier 1.32 $ 26.415 Local Multiplier .96 $ 25.358 RCN per Square Foot $ 25.358 RCN 480 SF $ 12,172 Depreciation 20 Year Life .80 9,737 RCNLD $ 2,435 13 REPLACEMENT COST VALUATION BY THE COST APPR ACH (Details for each building are on the following pages) Summary Improvements: Replacement Cost New Less Depreciation S. F. Greenhouse p 15 90,814 $ 105,834 Storage Warehouse p 11 7,528 34,897 Boiler House p 12 9,325 33,403 Pump House p 13 480 2,435 Improvement Value 109,350 $ 187,670 Functional Obsolescence: Greenhouse Reproduction Cost $ 155,609 Replacement Cost $ 105,834 $ 49,775 / $155,609 = 32% Rounded 30% 14 REPLACEMENT COST Building Description Greenhouse Year Built 1972 Age 44 Years Avg Construction Frame Metal Walls Fiberglass Roof Doublepoly Quality Fair Area 90,814 sf 300x303 Height 10 ft Perimeter 1,206 ft Cost /SF Replacement Cost New M S (05/21) $11 60 Section 17 p 22 Adjustments Tubular/pipe instead of steel $5 39 steel less Tubular/pipe $2 15 -$3 24 $ 8 36 Height 1 00 $ 8 36 Perimeter 55 $ 4 598 Current Cost Multiplier 1 32 $ 6 069 Local Multiplier 96 $ 5 827 RCN per Square Foot $ 5 827 RCN 90,814 SF $ 529,173 Depreciation 20 Year Life 80 423,338 RCNLD $ 105,834 15 Untitled Map Write a description for yc ices I -NA .1F4 P ..7a Lan( -"Tarrr - •� w -1 a,r•a�;.••...aT -r +.ti • •s[ Pit ~ •� `5�srS ': _�., -..- V_ • • isigaa• -7 ..i• + vr• •tae vta 4440-^ •• t •rM `�.w •GYM . q•te -1 son it . 1> ,. .1K� *la K R•••• r♦'r•.,•♦••. r►»•111 •ate ,• •. •a w.•yIIrg ;vat tfn r • • {tif Al; • ... 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TSI•M• sc••. ..••...1. .-'�:Ty^•-- r♦ iAY-•♦.r�+.•r•..- rilitaTitsit: XNMmss.`M a.•t glittli lr:+P alr �• +♦•nsv • 10704:11, MJati•�` + -�fl . - _ fir_ • • ..� .•. 1 •► .a r •/• yT i�•i,,J 1• esep}I►i►'4dt �{-•.rt♦I aarr''i -',mac . ' I N i w A/Is�. -lt .�h1An- •••#."`-- 4.1 bar..• - (�. .-• ,10:71•-•-.7....%•••••• .ea.. y! ♦ 1 _1 -1•.• r - '� J/.• ..{{{ alt'',fir �.II�� v }r-�iNai-•0.\rj �4 .i�R'r 0.._ '"-'.� �'1� sposirair.f ♦ i y salrit�� . I. '+� �, _rip iisrrr�. ♦ ad, ..a a•I••••• :.,• r*.. n VALUATION DATA Restricted Report For Ad Valorem Tax Purposes Agricultural Tagawa Greenhouses Inc. 17999 Weld County Road 4 Lochbuie, Colorado Tax Years 2023 Schedule No. R6265186 As of June 30, 2022 Prepared By: R.C. Sandstrom April 10, 2024 TABLE OF CONTENTS PAGE Title Page 1 Table of Contents 2 Summary of Facts and Conclusions 3 Purpose of Report 4 Land Valuation 5 Reproduction Cost Approach Summary Improvements6 Reproduction Cost Approach by Structure 7-25 Replacement Cost Approach Summary Improvements.26 Replacement Cost Approach By Structure 27-30 Location: SUMMARY OF FACTS AND CONCLUSIONS REPRODUCTION COST & REPLACEMENT COST 17999 E. Weld County Road 4 Present Use of Property: Agricultural Present Zoning: Agricultural Conforming: Yes Land Area 54.00 acres Average Number of Building Stories Building Construction: Wood, Pipe & Metal Frame; Fiberglass Sidewalls, Polycarbonate, Lexan & Double Poly Roofs Vintage: 1952-2002 Summary of Value Conclusions: Reproduction Cost Land Other Ag. $ 330,000 Land Agricultural 19,576 Other Ag. Improvements 1,299,773 Less Functional Obsolescence 20% - 259,955 Residential Improvements 335,601 $1,724,995 Replacement Cost Land Other Ag. $ 330,000 Land Agricultural 19,576 Other Ag. Improvements 1,062,294 Residential Improvements 335,601 $1,747,471 3 PURPOSE OF REPORT This report is prepared to outline the growth of the Tagawa Greenhouses over time and to help distinguish the position of the facilities in regard to REPLACEMENT COST versus reproduction costs. We agree with the Weld County residential value less a 20% adjustment for the residential units proximity to the greenhouse operation. 4 LAND VALUATION Schedule R6265186 The value for land established by the assessor is $19,576 We do not disagre. Agricultural Land Other Agricultural $ 19,576 $330,000 $349,576 5 VALUATION BY THE COST APPR ACH (Details for each building are on the following pages) Improvements: Reproduction Cost New Less Depreciation Sch. R6265186: Warehouse/Office 17,596 $ 195,749 Utility Bldg/Storage 5,976 22,422 Utility Bldg/Storage 3.064 12,308 Maintenance Shop 6,060 41,903 Boiler House 15,524 75,737 Storage Shed 5,238 26,344 Boiler House 4,122 34,559 Greenhouse Range A 73,104 92,934 Greenhouse Range B 28,300 31,414 Greenhouse Range C & D 81,885 114,544 Greenhouse Range E & F 20,808 37,021 Greenhouse Range 1&2 102,000 129,668 Greenhouse Range 3&4 102,000 129,668 Greenhouse Range 8&9 117,300 139,177 Greenhouse Range 6 29,978 48,438 Greenhouse Range 5 7 2,848 92,313 685,803 $1,224,199 5 Hoop Houses 14,440 14,160 12 Hoop Houses 40,320 39,650 Shade House 53,600 21,724 794,163 $1,299,773 Functional Obsolescence 20% ( 259,955) $1,039,818 * Market Value of Residence $419,501 Less: Proximity to greenhouse 20% 83,900 $ 335,601 Sch. R6265186 Improvement Value $1,435,419 6 VALUATION BY THE COST APPROACH Sch. R6 265186 Building Description Warehouse/Office (2) Year Built 1985 Age 37 Years Construction: Frame Metal Walls Metal Quality Average/Low Area First Floor 13,000 sf Second floor 4,596 sf Height 20 ft Perimeter 500 ft Cost /SF Replacement Cost New M.S. (406) (02 /18) $ 32.75 Section 14 p. 26 Section 98 p.5 1.479 $ 48.437 Adjustments: Height 1.133 $ 54.879 Perimeter .977 $ 53.617 Loading Well 3,750 sf @ $13.40 / 13,000 x 1.479 $5.71 $ 59.334 2' Floor Office Finish 4,596 sf $54.00/13,000 $ 19.091 $ 78.425 Current Cost Multiplier 1.00 $ 78.425 Local Multiplier .96 $ 75.288 RCN per Square Foot $ 75.288 RCN 13,000 SF $ 978,744 Depreciation 40 Year Life .80 782,995 RCNLD $ 195,749 7 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Utility Building Storage (3) Year Built 1985 Age 37 Years Construction: Frame Metal Walls Metal Quality Low Area 5.976 sf Height 10 ft Perimeter 371 ft Cost /SF Replacement Cost New M.S. (05/21) $ 15.85 Section 17 p. 12 Adjustments: Height 1.000 $ 15.85 Perimeter .934 $ 14.804 Current Cost Multiplier 1.32 $ 19.541 Local Multiplier .96 $ 23.908 RCN per Square Foot $ 18.76 RCN 5,976 SF $ 112,107 Depreciation 25 Year Life .80 89,685 RCNLD $ 22,422 8 VALUATION BY THE COST APPROACH Sch. 86265186 Building Description Utility Building Storage (4) Year Built 1972 Age 50 Years Construction: Frame Metal Walls Metal Quality Low Area 3,064 sf Height 10 ft Perimeter 257 ft Cost /SF Replacement Cost New M.S. (05/21) $ 15.85 Section 17 p. 12 Adjustments: Height 1.000 $ 15.85 Perimeter 1.000 $ 15.85 Current Cost Multiplier 1.32 $ 20.922 Local Multiplier .96 $ 20.085 RCN per Square Foot $ 20.085 RCN 3,064 SF $ 61,541 Depreciation 25 Year Life .80 49,233 RCNLD $ 12,308 9 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Maintenance Shop (5) Year Built 1974 Age 32 Years Construction: Frame Metal Walls Metal Quality Avg Area 6,060 sf Height 10 ft Perimeter 590 ft Cost /SF Replacement Cost New M.S. (05/17) $ 22.80 Section 17 p. 13 Section 98 p. 5 1.513 $ 34.496 Adjustments: Height 1.000 $ 34.496 Perimeter 1.044 $ 36.014 Current Cost Multiplier 1.00 $ 36.014 Local Multiplier .96 $ 34.574 RCN per Square Foot $ 34.574 RCN 6,060 SF $ 209,516 Depreciation 25 Year Life .80 167,613 RCNLD $ 41,903 10 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Boiler House (6) Year Built 1972/2004 Age Average 34 Years Construction: Frame Metal Walls Metal Quality Avg Area 15,524 sf Height 10 ft Perimeter 570 ft Cost /SF Replacement Cost New M.S. (05/21) $ 21.95 Section 17 p. 12 Adjustments: Height 1.000 $ 21.95 Perimeter .877 $ 19.25 Current Cost Multiplier 1.32 $ 25.41 Local Multiplier .96 $ 24.394 RCN per Square Foot $ 24.394 RCN 15,524 SF $ 378,689 Depreciation 20 Year Life .80 302,951 RCNLD $ 75,737 11 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Storage Shed (7) Year Built 1974 Age 48 Years Construction: Frame Metal Walls Metal Quality Low Area 5,238 sf Height 10 ft Perimeter 188 ft Cost /SF Replacement Cost New M.S. (05/21) $ 15.85 Section 17 p. 12 Adjustments: Height 1.000 $ 15.85 Perimeter 1.252 $ 19.844 Current Cost Multiplier 1.32 $ 26.194 Local Multiplier .96 $ 25.147 RCN per Square Foot $ 25.147 RCN 5,238 SF $ 131,718 Depreciation 25 Year Life .80 105,374 RCNLD $ 26,344 12 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Boiler House (8) Year Built 1985 Age 37 Years Construction: Frame Metal Walls Metal Quality Avg Area 4,122 sf Height 18 ft Perimeter 474 ft Replacement Cost New M.S. (05/21 Section 17 p. 12 Adjustments: Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 4,122 SF Depreciation 25 Year Life RCNLD Cost /SF $ 21.95 1.154 $ 25.33 1.306 $ 33.081 1.32 $ 43.667 .96 $ 41.921 $ 41.921 $ 172,797 .80 138,238 $ 34,559 13 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range A (County Bldg 9) Year Built 1985 Age 31 Years Construction: Frame Pipe Walls Fiberglass Roof Polycarbonate Twin Wall Quality Average Area 73,104 sf Height 10 ft Perimeter 1,308 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.00 $ 8.36 Perimeter .60 $ 5.016 Current Cost Multiplier 1.32 $ 6.621 Local Multiplier .96 $ 6.356 RCN per Square Foot $ 6356 RCN 73,104 SF $ 464,669 Depreciation 25 Year Life .80 371,735 RCNLD $ 92,934 14 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range B (County Bldg 10) Year Built 1978 Age 38 Years Construction: Frame Pipe Arch Rib/Quonset Walls Fiberglass Roof Double Poly Quality Low Area 28,300 sf Height N/A Perimeter N/A Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Height Perimeter Concrete Walks 3,364 sf @ $4.20/28,300 Current Cost Multiplier Local Multiplier RCN per Square ft RCN 28,300 SF Depreciation 10 Year Life RCNLD Cost /SF $ 3.88 1.00 $ 3.88 1.00 $ 3.88 $.50 $4.38 1.32 $ 5.78 .96 $ 5.55 $ 5.55 15 .80 $ 157,074 125,660 $ 31,414 VALUATION BY THE COST APPROACH Sch. 86265186 Building Description Greenhouse Range C & D (County Bldg 11) Year Built 1977 Age 45 Years Construction: Frame Pipe Peak Walls Fiberglass Roof Double Poly Quality Fair Area 81,885 sf Height 10 ft Perimeter 1,260 ft Replacement Cost New M.S. (05/15) Section 17 p. 22 Cost /SF $ 7.90 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 4.66 Height 1.00 $ 4.66 Perimeter .59 $ 2.749 Concrete Walks 53,980 sf @ $4.20/81,885 $2.77 $ 5.519 Current Cost Multiplier 1.32 $ 7.286 Local Multiplier .96 $ 6.994 RCN per Square Foot $ 6.994 RCN 81,885 SF $ 572,719 Depreciation 20 Year Life .80 458,175 RCNLD $ 114,544 16 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range E & F (County Bldg 13) Year Built 1971 Age 51 Years Construction: Frame Pipe Walls Fiberglass Roof Polycarbonate & Acrylic Quality Average Area 20,808 sf Height 10 ft Perimeter 592 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.00 $ 8.36 Perimeter .84 $ 7.022 Current Cost Multiplier 1.32 $ 9.266 Local Multiplier .96 $ 8.896 RCN per Square Foot $ 8.896 RCN 20,808 SF $185,103 Depreciation 25 Year Life .80 148,082 RCNLD $ 37,021 17 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range 1&2 (County Bldg 15) Year Built 1971-72 Age 50 Years Construction: Frame Pipe Walls Fiberglass Roof Polycarbonate Quality Average Area 102,000 sf Height 10 ft Perimeter 1,408 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 Cost /SF $11.60 $ 8.36 Height 1.00 $ 8.36 Perimeter .60 $ 5.016 Current Cost Multiplier 1.32 $ 6.621 Local Multiplier .96 $ 6.356 RCN per Square Foot $ 6.356 RCN 102,000 SF $ 648,340 Depreciation 25 Year Life .80 518.672 RCNLD $ 129,668 18 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range 3&4 (County Bldg 16) Year Built 1973 Age 49 Years Construction: Frame Pipe Walls Fiberglass Roof Polycarbonate Quality Average Area 102,000 sf Height 10 ft Perimeter 1,408 ft Cost /SF Replacement Cost New M.S. (05/21) $11 60 Section 17 p. 22 Adjustments: Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.00 $ 8.36 Perimeter .60 $ 5.016 Current Cost Multiplier 1.32 $ 6.621 Local Multiplier .96 $ 6.356 RCN per Square Foot $ 6.356 RCN 102,000 SF $ 648,340 Depreciation 25 Year Life .80 518,672 Depreciation 25 Year Life .80 479,808 RCNLD $ 129,668 19 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range 8&9 (County Bldg 17) Year Built 1971-72 Age 50 Years Construction: Frame pipe Walls Fiberglass Roof Polycarbonate Quality Average Area 117,300 sf Height 10 ft Perimeter 1,402 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.00 $ 8.36 Perimeter .56 $ 4.682 Current Cost Multiplier 1.32 $ 6.18 Local Multiplier .96 $ 5.933 RCN per Square Foot $ 5.933 RCN 117,300 SF $ 695,885 Depreciation 25 Year Life .80 556,708 RCNLD $ 139,177 20 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range 5 (County Bldg 19) Year Built 1990-93 Age 30 Years Construction: Frame Pipe Walls Fiberglass Roof Double Poly Quality Fair Area 72,848 sf Height 12 ft Perimeter 1,568 ft Replacement Cost New M.S. (05/21) Section 17 p. 22 Adjustments: Height Perimeter Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 72,848 SF Depreciation 25 Year Life RCNLD Cost /SF $ 7.90 1.038 $ 8.20 .61 $ 5.00 1.32 $ 6.60 .96 $ 6.336 $ 6.336 $ 461,565 .80 369,252 $ 92.313 22 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range 7 (County Bldg 23) Year Built 1992 Age 30 Years Construction: Frame Pipe Hoop Houses (5) Walls Fiberglass Roof Double Poly Quality Low Area 14,400 sf Height N/A Perimeter N/A Cost /SF Adjustments: Replacement Cost New M.S. (05/21) $ 3.88 Section 17 p. 22 Adjustments: Height 1.00 $ 3.88 Current Cost Multiplier 1.32 $ 5.122 Local Multiplier .96 $ 4.917 RCN per Square Foot $ 4.917 RCN 14,400 SF $ 70,801 Depreciation 10 Year Life .80 56,641 RCNLD $ 14,160 23 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Greenhouse Range 10 (County Bldg 24) Year Built 1994 Age 28 Years Construction: Frame Pipe Hoop Houses (14) Walls Roof Double Poly Quality Low Area 40,320 sf Height N/A Perimeter N/A Cost /SF Replacement Cost New M.S. (05/15) $ 3.88 Section 17 p. 22 Adjustments: Height 1.00 $ 3.88 Current Cost Multiplier 1.32 $ 5.122 Local Multiplier .96 $ 4.917 RCN per Square Foot $ 4.917 RCN 40,320 SF $198,253 Depreciation 10 Year Life .80 $158,603 RCNLD $ 39,650 24 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Shadehouse Year Built 2000 Age 22 Years Construction: Frame Pipe Walls None Roof Net Quality Low Area 53,600 sf Height 14 ft Perimeter 990 ft Cost /SF Replacement Cost New M.S. (05/07) $ 1.88 Section 17 p. 23 Low Cost Section 98 p. 5 Metal 1.173 $ 2.205 Adjustments: Height 1.036 $ 2.285 Perimeter .70 $ 1.599 Current Cost Multiplier 1.32 $ 2.111 Local Multiplier .96 $ 2.027 RCN per Square Foot $ 2.027 RCN 53,600 SF $ 108,623 Depreciation 10 Year Life .80 $ 86,899 RCNLD $ 21,724 25 Construction: Frame Pipe Walls Fiberglass Roof Polycarbonate Quality Average Area 29,978 sf Height 10 ft Perimeter 694 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.00 $ 8.36 Perimeter .81 $ 6.772 Current Cost Multiplier 1.32 $ 8.939 Local Multiplier .96 $ 8.581 RCN per Square Foot $ 8.581 RCN 28,224 SF $ 242,189 Depreciation 25 Year Life .80 193,751 RCNLD $ 48,438 21 VALUATION BY THE COST APPR ACH (Details for each building are on the following pages) Improvements: Replacement Whse/Office/GH3 Page 27 Greenhouse 1 Page 28 Greenhouse 2 Page 29 5 Hoop Houses Page 23 12 Hoop Houses Page 24 Shade House Page 25 Cost New Less Depreciation Square Feet 240,613 239,440 205,739 685,792 14,440 40,320 53,600 794,152 * Market Value of Residence $ 419,501 Less: Proximity to greenhouse 20% 83,900 Sch. R6265186 Improvement Value Value $ 468,522 279,044 239,768 987,334 14.160 39,650 21,724 $ 1,062,868 $ 335,601 $ 1,398,469 Functional Obsolescence: Greenhouse Reproduction Cost $ 1,224,199 Replacement Cost $ 987,334 $ 236,865 / $1,224,199 = 19.3% Rounded 20% 26 VALUATION BY THE COST APPROACH Sch. R6 265186 Building Description Replacement Shipping/Receiving/Storage/Warehouse/Office /Greenhouse 3 Year Built 1985 Age 37 Years Construction: Frame Tubular Walls Metal Roof Double Poly Quality Avg. Area 221,797 sf. & 18,216 sf. Height 10 ft Perimeter 2,950 ft Replacement Cost New M.S. (406) (02 /18) Adjustments: Height Perimeter Office 6,396 sf @ $54 / 221,797 2,088 sf.@ $32.25/221,797 Loading Well 10,980 sf @ $13.40 / 221,797 Current Cost Multiplier Local Multiplier RCN per Square Foot RCN 111,612 SF Add Soil Bldg. 18.816 @13.55 x 1.32x.96 Depreciation 30 Year Life Cost /SF $ 7.90 1.00 $ 7.90 .59 $4.661 $ 1.557 $6.218 $ .304 $6.522 $ .663 $7.185 1.32 $9.485 .96 $9.105 $9.105 $ 2,019,527 $ 323,081 $ 2,342,608 .80 1,874,086 RCNLD $ 468,522 27 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Replacement Greenhouse 1 Year Built Variable Age 26Years Construction: Frame Metal Walls Fiberglass Roof Polycarbonate Quality Average Area 2.1-1500 a3Vye() Height 10 ft Perimeter 1.997 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.000 $ 8.36 Perimeter .55 $ 4.598 Current Cost Multiplier 1.32 $ 6.069 Local Multiplier .96 $ 5.827 RCN per Square Foot $ 5.827 RCN 239,440 SF $ 1,395,217 Depreciation 25 Year Life .80 1,116,173 RCNLD $ 279,044 28 VALUATION BY THE COST APPROACH Sch. R6265186 Building Description Replacement Greenhouse 2 Year Built Variable Age 26Years Construction: Frame Metal Walls Fiberglass Roof Polycarbonate Quality Average Area 205,739 Height 10 ft Perimeter 1.885 ft Cost /SF Replacement Cost New M.S. (05/21) $11.60 Section 17 p. 22 Adjustments: Tubular/pipe instead of steel $5.39 steel less Tubular/pipe $2.15 -$3.24 $ 8.36 Height 1.000 $ 8.36 Perimeter .55 $ 4.598 Current Cost Multiplier 1.32 $ 6.069 Local Multiplier .96 $ 5.827 RCN per Square Foot $ 5.827 RCN 205,739 SF $1,198,841 Depreciation 25 Year Life .80 959,073 RCNLD $ 239,768 29 Clerk to the Board Phone: (970) 400-4225 Fax: (970) 336-7233 1150 O Street P.O. Box 758 Greeley, Colorado 80632 www.weld.gov October 17, 2024 TAGAWA GREENHOUSES INC 17999 CR 4 BRIGHTON CO 80603-9731 RE: Schedule Numbers R6411486 and R6265186 Dear Property Owner: On October 16, 2024, the Board of Weld County Commissioners considered your petitions for abatement or refund of taxes and denied same. Pursuant to C.R.S. §39-2-125(f), you have the right to appeal these decisions to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from: Board of Assessment Appeals — Department of Local Affairs 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: (303) 864-7710 Email: dola_baa@state.co.us. state.co.us. In preparation for appealing to the State Board of Assessment Appeals you may also go to the following state link to obtain any further information you may need to proceed, htto://www.dola.state.co.us/baa/inclex.htm. Very truly yours, JOtcMt uJaw�k Janet M. Warwick Deputy Clerk to the Board jwarwick@weld.gov Enclosures: Resolution #2024-2730, Copies of Petitions for Abatement of Refund of Taxes cc: Weld County Assessor RCS P Tax, Inc. Jan Warwick From: Sent: To: Cc: Subject: Attachments: Good morning, Jan Warwick Thursday, October 17, 2024 11:27 AM Ron Sandstrom Chloe White Tax Abatement Petitions R6411486 and R6265186 - Decision Letter Letter - Decision R6411486 and R6265186 w attachments.docx.pdf On October 16, 2024, the Board of Weld County Commissioners considered your petitions for abatement or refund of taxes and denied same. Please see the attached document regarding your options to appeal this decision to the State Board of Assessment Appeals within thirty days. A hard -copy is to follow. If you have any questions or concerns, please do not hesitate to contact me. Sincere regards, Jan Warwick Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel: 970-400-4217 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. Weld County Petition for Abatement or Refund of Taxes Certificate of Mailing First Name Last Name Company Address 1 City State Postal Code TAGAWA 17999 CR 4 BRIGHTON CO 80603 9731 - GREENHOUSES INC RON 11540 W 69TH WAY ARVADA CO 80004 SANDSTROM RCS P TAX INC R0NSANDSTR0M@Q.00M I hereby certify that I have sent a Tax Abatement Petition decision letter in accordance with the notification requirements of Weld County in the United States Mail, postage prepaid First Class Mail by letter as addressed on the attached list this 17th day of October, 2024. • O0O kfl tiL Janet M. Warwick Deputy Clerk to the Board ...a c0 D I NI CI D O O r-9 rR ru D [•- U.S. Postal ServiceTM CERTIFIED MAIL° RECEIPT Domestic Mail Only For delivery information, visit our website at www.usps.com . 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