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Home My WebLink About20252810.tiffResolution Approve, In -Part, Petition for Abatement or Refund of Taxes for Account Number R8961787 — Hive Longmont, LLC 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 a Petition for Abatement or Refund of Taxes for Account Number R8961787, and tax years 2023 and 2024, at a duly and lawfully called regular meeting held on the 15th day of October, 2025, at which meeting there were present the following members: Chair Perry L. Buck, and Commissioners Scott K. James, Jason S. Maxey, Lynette Peppier, and Kevin D. Ross, 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, Hive Longmont, LLC, 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 petition be, and hereby is, approved, in -part, and an abatement or refund be allowed as follows: Tax Year: 2023 Correction to Assessed Valuation: $288,350.00 Abatement or Refund: $17,145.18 Tax Year: 2024 Correction to Assessed Valuation: $1,537,720.00 Abatement or Refund: $32,287.34 u. AWL 1011u1z5 cC. : A 6 Can 14,1 AWL CA 0O1) It1IZ)Z5 2025-2810 AS0120 Petition for Abatement or Refund of Taxes for Account Number R8961787 — Hive Longmont, LLC Page 2 The Board of County Commissioners of Weld County, Colorado, approved the above and foregoing Resolution, on motion duly made and seconded, by the following vote on the 15th day of October, A.D., 2025: Perry L. Buck, Chair: Aye Scott K. James, Pro-Tem: Aye Jason S. Maxey: Aye Lynette Peppier: Aye Kevin D. Ross: Aye Approved as to Form: Bruce Barker, County Attorney Attest: Esther E. Gesick, Clerk to the Board 2025-2810 AS0120 L lE( L UWi'U NOV 1 0 2025 WELD COUNTY ASSESSOR e�a...tt�a.a��ti► zs:.ta.ttwc PETITION FOR ABATEMENT OR REFUND OF TAXES county WELD $ectton I: Petitioner, please complete Section I only. Dees or'h CMt, Tyr Petitioners Name Hive Lor Petitioner's Mailing Address. 1 ranrest CL) eying fill Pmn tit et SCHEDULE OR PARCEL NUMBER(S) 131300404002 "Stem Bs tot RECEIVED PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PRO 152025 LOT 2 BLOCK 2 „M SMJCKER ac PLANT RPLT A5 Petitioner requests an aement or refund of the appropriate taxes and states that the taxes assessed against the above year(s) 2023 and ?024 era incorrect for the following reasons (Briefly describe why the taxes have beip igeg>�y , wt►ether due to erroneous valuation irregularity in levying, d encai error or overvaluation. Attach additional sheets if necessary ) ?ate-)a* .� Petitioner's estimate of value: $ 459.707 Value ( 2023 ) and t 4,708,994.13 ( 2024 i , g I / � `) Year Value Veer �\ \ I dedare, under penalty of perjury in the second degree that this petition, together with any accornpant, rg exhibits or stale+nea'Re, has been prepied or examined by me, and to the best of my knowledge, inforrnatxr and belief, is true, correct. and complete Bryan Hytenski hilonisr Car, " d',"4 Phone Number (720$990372 Petitioner's Signature Erna, bryanclimbingcOjS! BY Phone N um ter �1 Email Agent's Signature` 'Letter of agency must be attached when petition is submitted by an agent. The assessed value and resulting tax amounts are calculated from the adjusted actual value. If the Board of County C pursuant to § 39-10--114(1). C.R.S., or the Property Tax Administrator. pursuant to f 39-2-116, C.R.S..dentes the petition fotrefund 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. at 1 Section l[• Tax Year 2023 Original Corrected AbateiRefund Actual $1,727,098 $1,033,515 i693.983 Tax Yeer 2024 Original Corrected $6,N3,364 $5,541,531 Abate/Refund $1.251.833 Assessor's Recommendation (For Assessor's Use Only) Value A4ustinnt Adjusted Assessment Assessed Mill Actual Rate Value Y Tas $1,727,098 .279 $481,860 .088601 $42,693.28 $1,033,515 .279 $288,350 .088601 $25,548. 1-0 $693.583 179 11_9_3,510 Value A ustrrant $30,000 Adusted Assessment Assesnd Milt Actual Rat: Value L e Tax $6,763,364 .279 $1,886,980 .092145 $174,441.87 $30,000 $5,511,531 .279 $1,537,720.092445 $142,1-54-5a, $1,251:833 .279 $349,260 $3128734 ($j 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 made if an obtectton or protest to such valuation has been filed and a Notice of Determination has been mailed to the taxpayer, § 39-10C 114(1)(a)(l)(D), C.R.S. Tax year: 2023 Protest? 1: No ❑ Yes (If a protest was filed, please attach a copy of the NO0.) CD Tax year: 2024 protest? No O Yes Of a pretest was filed, please attach a copy of the NOD.) Assessor recommends denial for the following reason(s): az 15-DPT-AR No 920-86/15 p C- ,,NER J C 0.413 '--S 4, a 0 nags satr -t in w • 2025-2810 FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III 1f Section IV must be completed) Every petition for abatement or refund filed pursuant to 4 39-10-114, C.R.S. shah be acted upon pursuant to the provisions ofthis scion by the Board of County Commissioners or the Assessor. as appropriate. within ix months of the date ct'i irg such petition, 3 39-1-113(1.7), C.R.S. Section ill: Written Mutual Agreement of Assessor and Petitioner (On y for abatements up to $100001 The Cornrris,ior,ers 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 en amount of $10,000 or less per tract, parcel, or lot of land of per schedule at personal property in accordance with § 39-1-11341 5,. C.R.S The Assessor and Petitioner mutually agree to the values and tax abatementirefund of: Tax Year Original Corrected Abate/Refund Tax Year Original Corrected Abate/Refund Actual Value Adjusted Assessment Assessed Milt Adjustment Actual Rate Value Levy Tax Value Adjusted Assessment Assessed Mill Actual Adjustment Actual Rate Value Levy Tax Note. The total tax amount does not include aeaued interest, penatbes. and fees associated with Late and/or deanquent tax payments, I applicable. Piease contact the County Treasurer for fit payment information Petitioner Signature Assessor's or Deputy Assessor's Signature: Date: Date: • Section IV: Decision of the County Commissioners (Must be completed It Section IN does not sl p WHEREAS, the County Commissioners of County, State of Colorado, at a duly and lawfully called regular , at which meeting there were present the following members: 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 Petitioner meeting held on (month/dayiyear) Nairn Name (being present —not present), and WHEREAS, the said County Commissioners have carefully considered the within petition, and are fully advised in relation thereto, NOW BE IT RESOLVED, that the Board (agrees —don not agree) with the recommendation of Ass son and the petition be (approve prov in part --denied) with n abatement/refund as follows: Year Assessed Value Taxes Abate/Refund Year Assessed Value Taxes Abets/Refund Chairperson of the Board of County Commissioners' Signature f, 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 Clerk s Signature Note. Abatements greater than 510.000 per schedule per year. must be submitted in duplicate to the Property Tax Administrator for review. Section V: (For ail abnrrnp+in 9,ten than I1.) 1 s<�r ,.-1 Th fiction of the Board of County Commissioners, relative to this abatement petition, s hereby eat o Apo Approved n a Deni*djor foIl n, rev ❑ pp ip � $_, ❑ � regsqh t, m( Action of the Property Tax Administrator Tax Administrator's Signature Dat 9/15/2025 Attn Brenda Dones RE 2023 & 2024 Abatement received 5/13/2025 R8961787 HIVE LONGMONT LLC 33 S PRATT PKWY STE 300 LONGMONT, CO 80501 2023 Assessors Value $1,727,098 ($3 25/sf) land only 2024 Assessors Value $6,793,364 ($293 08 /sf) building and land SUBJECT Thesubject property is located at 155 Pinnacle Street in Longmont This located north of Highway 119 and east of County Rd 1 near the JM Smucker LLC plant The subject is a 23,179 -square -foot fitness center built in 2023 and is operating as a recreational climbing gym doing business as Longmont Climbing Collective The site area is 531,415 sf or 12 1996 acres For tax purposes, the property is valued as vacant land for 2023 For 2024, the property is valued with the land and the building Abatement Request The petition for abatement or refund in taxes was submitted by Bryan Hylenski, CEO and Co -Founder of Hive Longmont LLC Mr Hylenski requested a value of $459,707 for tax year 2023 and $4,708,994 for tax year 2024 Description and Analysis Land The parcel is 12 1996 acres but the City of Longmont states that 7 3106 acres is in the floodplain with a use that is restricted to short term use by special permit only Therefore, 7 3106 acres are considered unbuildable with only 4 889 acres used in support of the improvement Improvements The building was built in 2023 as a steel frame -fitness center without a swimming pool Cost Approach: Unbuildable commercial/industrial land in Weld County is valued at $3,000/acre Buildable land sales in the vicinity were between $3 75 - $5 90/sf for 5 -acres parcels It was determined $4 75/sf or $206,910/acre is appropriate for the subject's buildable land 2023 Land only 7 3106 acres in floodplain valued at $3,000/ac or $21,932 4 889 acres valued at $206,910/acre or $1,011,583 The total land value is $1,033,515 2024 Building and Land: Cost estimates for a steel frame fitness center result in a value of $5,066,266. The owner supplied actual building costs totaling $4,508,016. Building Cost Land Total Value $4,508,016 - $5,066,266 + $1,033,515 $5,541,531 - $6,099,781 The owner supplied costs were reviewed and are reasonable. Therefore, a representative cost value is $5,541,531 or $239/sf. Market Approach: Market sales for industrial flex buildings and storage warehouses include: • Comp 1 Frederick; 25,000 sf Industrial Flex building built in 2019 on 3.87 acres; sold 11/2021 for $6,700,000 or $265/sf. • Comp 2 Mead; 20,000 sf Industrial Flex building built in 2019 on 1.86 acres; sold 12/2020 for $4,648,500 or $232/sf. • Comp 3 Mead; 18,000 sf storage warehouse built in 1982 on 5.6 acres; sold 9/2021 for 3,750,000 or $204/sf. With unadjusted sales ranging from $204/sf - $265/sf, a representative market value is $5,450,000 or $235/sf. Income Approach: Climbing Collective is owner occupied so an income approach was not developed. Reconciliation and Summary: The cost approach is the best approach for the subject since the subject is a special use property and the building was recently constructed in 2023. The result of the cost approach is $5,541,531. The sales approach resulted in a value of $5,450,000 and supports the cost approach. I recommend the property value be reduced to $1,033,515 ($1.95/sf land) for 2023 which will result in an abatement of $17,145.18 in taxes. I also recommend the property value be reduced to $5,541,531 ($239/sf) for 2024 which will result in an abatement of $32,287.34 in taxes. The owner has agreed with the assessor's valuation using the cost approach. Photos & Sketch 100 Canopy 2o00.0 if 1370.2 d 20 Se• wN 1900.0 is atWU Second Iloaf - 3065.1 a 20' S9' 1S' Wit .4jK Second F 134. r 1109-3 s! 32 <...►. x ti ., wed. Nee Neer locoS.0 d second 4.17* 4 total 2.3,179 d 9/15/25, 10 29 AM Property Report Weld County PROPERTY PORTAL Property Information (970) 400-3650 Technical Support (970) 400-4357 Account: 8896/787 September 15, 2025 Account Information Account Parcel Account Type Tax Year Buildings Actual Value Local Govt Assessed Value School Assessed Value R8961787 131306404002 Commercial ' 2025 1 5,709,415 1,541,540 1,541,540 Legal LOT 2 BLOCK 2 JM SMUCKER LLC PLANT RPLT A Subdivision Block Lot Land Economic Area JM SMUCKER LLC PLANT RPLTA 2 2 LONGMONT CONCEPTS DIRECT Property Address Property City Section Township Range 155 PINNACLE ST LONGMONT 06 02 68 Owner(s) Account Owner Name Address R8961787 HIVE LONGMONT LLC 33 S PRATT PKWY STE 300 LONGMONT, CO 805015866 Document History https //propertyreport weld gov/'iaccount=R8961787 1/7 September 19, 2025 Clerk to the Board's Office Phone (970) 400-4225 1150 O Street PO Box 758 Greeley, Colorado 80632 www weld qov HIVE LONGMONT LLC 33 S PRATT PKWY STE 300 LONGMONT CO 80501-5866 Re Schedule Number R8961787 To Whom It May Concern This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as 155 Pinnacle Street, Longmont, Colorado 80504 The meeting is scheduled for Wednesday, October 15, 2025, 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 approve, in -part, your petition 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 hearing If you have questions or need additional information, please do not hesitate to contact me at (970) 400-4217 or iwarwickCfweld qov Respectfully, Op_ uf, cl— Janet M Warwick Deputy Clerk to the Board Enclosures Copy of Petition for Abatement or Refund of Taxes cc Weld County Assessor Page 1 of 1 Jan Warwick From: Sent To: Subject: Attachments: Good afternoon, Jan Warwick Friday, September 19, 2025 11:47 AM Hive Longmont LLC Tax Abatement Petition R8961787 Letter - Set Date.Petition.pdf This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: 155 Pinnacle Street, Longmont, Colorado 80504. The meeting is scheduled for Wednesday, October 15, 2025, 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, COUNTY, CO Jan Warwick Deputy Clerk to the Board Desk: 970-400-4217 P.O. Box 758, 1150 O St., Greeley, CO 80632 011000 Join Our Team IMPORTANT: 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 Clerk to the Board's Office Certificate of Mailing Form First Name Last Name Company Address 1 City State Postal Email Code HIVE 33 S PRATT LONGMONT CO 80501- brian@climbingcollective.com 5866 LONGMONT LLC PKWY S I E 300 I hereby certify that I have sent a letter in accordance with the notification requirements of Weld County in the United States Mail, postage prepaid First Class Mail as addressed on the attached list this 19th day of September, 2025. Janet M. Warwick Deputy Clerk to the Board Ln ru r co me 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) $ O Return Receipt (electronic) $ ❑ Certified Mail Restricted Delivery $ ❑ Adult Signature Required $ ❑ Adult Signature Restricted Delivery $ Postage Total Postage and Fees Sent To City I' Postmark Here vi Ltnckrnov+ LLL- State, Z1P+4'F' n wc� s}e, 360 Sail -5g& Page 1 of 1 September 19, 2025 i 1 HIVE LONGMONT LLC 33 S PRATT PKWY STE 300 LONGMONT CO 80501-5866 Re: Schedule Number R8961787 To Whom It May Concern: This is to advise you that the Weld Co for abatement or refund of taxes o Longmont, Colorado 80504. The mee at 9:00 a.m., in the Chambers of the Colorado, Weld County Administratio Colorado 80631. The Assessor is recommending that tr required to be present at this hearin n position heard, particularly if your posi If you intend to submit any document such documentation must be submitt Weld County Assessor's Office at leaf order for it to be considered at the soh If you have questions or need addition. at (970) 400-4217 or jwarwick@weld.c Respectfully, Licutuli Janet M. Warwick Deputy Clerk to the Board Enclosures: Copy of Petition for Abate cc: Weld County Assessor F3 1 c NrO 2 lit. N ltJ W 0r 1 Qt(n 1:13a tO ..cv, (1-) CrLf:3) N 0 0 it its 0 E. O ww �wCC C° 0 w 00w w0°°w U a_ O 80632-0758 C. HIVE LONGM0NT LLC 1 33 S PRATT PKWY STE 300 C r I 4 C E -- z O c2 z e009/25/25 tu OLt! C 7 41 w rut 1J to F Q �l..#F- ni ...J = LU see 0 Ln CO nri tc S oa J U 1.11 adelneme WW1. ONO 40.10.01 Sr Krr... tank air ...ww S MIMS e rite -, R tap att 1W pa •p •... r1 Page 1 of 1 October 16, 2025 Clerk to the Board's Office Phone: (970) 400-4225 1150 O Street P.O. Box 758 Greeley, Colorado 80632 www.weld.gov HIVE LONGMONT LLC 155 PINNACLE ST LONGMONT CO 80504 Re: Schedule Number R8961787 Dear Property Owner: On October 15, 2025, the Board of County Commissioners of Weld County, Colorado, considered your petition for abatement or refund of taxes and approved, in -part, the same. Pursuant to C.R.S. §39-2-125(f), you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from: Department of Local Affairs Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: (303) 864-7710 Email: baa@state.co.us Website: www.cdola.colorado.gov/assessment-appeals Respectfully, LOCO (15 -n ---L Janet M. Warwick Deputy Clerk to the Board jwarwickweld.gov Enclosures: Resolution #2025-2810, Copy of Petition for Abatement of Refund of Taxes cc: Weld County Assessor Page 1 of 1 Jan Warwick From: Sent: To: Subject: Attachments: Good afternoon, Jan Warwick Thursday, October 16, 2025 1:32 PM brian@climbingcollective.com Tax Abatement Petition R8961787 - Decision Letter RE252810.pdf; R8961787 Abatement 1.pdf; R8961787 Abatement 2.pdf; Letter - Decision.pdf On October 15, 2025, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and approved, in -part, same. Please see the attached letter for further information. A hard -copy is to follow. If you have any questions or concerns, please do not hesitate to contact me. Sincere regards, COUNTY, CO Jan Warwick Deputy Clerk to the Board Desk: 970-400-4217 P.O. Box 758, 1150 O St., Greeley, CO 80632 013000 Join Our Team IMPORTANT: 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 Clerk to the Board's Office Certificate of Mailing Form Company Address 1 City State Postal Code Email brian@climbingcollective.com HIVE LONGMONT LLC 155 PINNACLE ST LONGMONT CO 80504 I hereby certify that I have sent a 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 16th day of October, 2025. )(lituf • otAct>eriCa Janet M. Warwick Deputy Clerk to the Board rU co ru S a CT' co Lin - U.S. Postal Service CERTIFIED MAIL® RECEIPT Domestic Mail Only For delivery information, visit our website at www.usps.com'` F F 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 4,30,7 Postmark Here Sent To Street an City, 111 al 0114- Lilt) >eoX N Ana cAt IziP+4� .� 1504 it � �/ • PS Form 38CC. Janua 2023 PSN 7530-02:000-9047 See Reverse for Instructions . .fee a SENDER: COMPLETE THIS SECTION • • Complete items 1, 2, and 3. • Print your name and address on the reverse so that we can return the card to you. - • Attach this card to the back of the mailpl , or on the front if space permits. 1. Article Addressed to: 1-Porc__ _ Lon9nw4 ,65frIncJC Lpnrppn-{- CL g0 56 J III liii III 111111111111111111111111111 III 9590 9402 8994 4122 3444 80 2. Article Number (Transfer from service label) COMPLETE THIS SECTION ON DELIVERY A. Signature X B. Received 6/6 tinted Name) t1?t Agent ❑ Addressee C. Date of Delivery 1U,9C/9≤ D. Is delivery address different from item 1? U Yes If YES, enter delivery address below: 0.No 3. Service Type ❑ Adult Signature O. Adult Signature Restricted Delivery Certified Mail@ 10 Certified Mail Restricted Delivery D Collect on Delivery ❑ Collect on Delivery Restricted Delivery ' 'nail flail Restricted Delivery 0) .1 9589. 274 I . x:52.72 1504 7268 29 PI° Fir- '3811, July 2020 PSN 7530-02-000-9053 Page 1 of 1 D Priority Mail Express© O Registered MaIITM CI Registered Mail Restricted Delivery O Signature ConfirmationTM ❑ Signature Confirmation Restricted Delivery Domestic Return Receipt ZOZ5- Iflb October 16, 2025 Clerk to the Board's Office Phone: (970) 400-4225 1150 0 Street P.O. Box 758 Greeley, Colorado 80632 www.weld.gov STATE OF COLORADO DIVISION OF PROPERTY TAXATION 1313 SHERMAN ST RM 419 DENVER CO 80203 Re: Petition for Abatement or Refund of Taxes — Hive Longmont, LLC To Whom It May Concern: Please review the attached documents which includes the original petition, a copy of the petition, two (2) copies of the Resolution approved by the Weld County Board of Commissioners, and a copy of the back-up documentation. Tax Year(s): 2023 and 2024 Parcel Number: 131306404002 Account Number: R8961787 If you have questions or need additional information, please do not hesitate to contact me at (970) 400-4217 or jwarwick@weld.gov. Respectfully, ern • bOCIAGOnt Janet M. Warwick Deputy Clerk to the Board Page 1 of 1 Hello