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Home My WebLink About20221573.tiffRESOLUTION RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND OF TAXES FOR ACCOUNT NUMBER R3252804 - NORTH FOREST OFFICE SPACE DENVER, 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 R3252804 at a duly and lawfully called regular meeting held on the 8th day of June, 2022, at which meeting there were present the following members: Commissioners Mike Freeman, Steve Moreno, and Lori Saine, with Chair Scott K. James and Commissioner Perry L. Buck not being present, 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, North Forest Office Space Denver, LLC, being represented by Stevens and Associates Cost Reduction Specialists, 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 petition be, and hereby is, denied, and an abatement or refund be allowed as follows: CORRECTION TO ASSESSED VALUATION ABATEMENT OR REFUND TAX YEAR $532,200.00 $0.00 2019 $532,200.00 $0.00 2020 t( . ATFL [ rL tRIP Dui vgl Ce ; f 51z, CeDlil-+ INK) >✓ql zo/zz 2022-1573 AS0111 TAX ABATEMENT PETITION - NORTH FOREST OFFICE SPACE DENVER, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 8th day of June, A.D., 2022. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: datdct)// EXCUSED Scott K. James, Chair Weld County Clerk to the Board Mike Freeman, Pro-Tem BY. Deputy Clerk to the B. : ''� '� EXCUSED APVED County A orney Date of signature: ('Z1! zz. erry L. Buck Lori Saine 2022-1573 AS0111 PETITION FOR ABATEMENT OR REFUND OF TAXES (('ss��,r� CoUnty: Weld 1+hl:,;C 5� D Date Received t:+ t.�. (Use Assessors or Comm-asboors' Date Stamp) Section I Petitioner, please complete Section 1 only. Date: 12/31/2021 Month Day Year Petitioner's Name: NORTH FOREST OFFICE SPACE DENVER LLC Petitioner's Mailing Address: 2829 Wehrle. Dr, Ste 1 Buffalo NY DEC 21 2021 ILLS COUNTY ASSESSOR CIIEoLEY, COLORADO 14221 city or Town State SCHEDULE OR PARCEL NUMBER(S) 03252804/131119305002 Zip Code tA PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTR E C E I V E D 8310 Colorado Blvd j MAY 18 2022 Petitioner requestsan abatement or refun4of the appropriate taxes and states that the taxes assessed against above property for property taxyear(s) 2.., and 2020 are incorrect ecfor the following reasons: ,(BnetigELD COUNTY describe why the taxes have been levied erroneously or illegally, whether due to erroneous valuation, trreguiat t�p rJt M M I SS ION E RS levying, clerical error or overvaluation.. Attach additional sheets if necessary.) The Assessor did not properly consider the cost, market, and incomes approaches to value or other aspects of the property in question. Petitioner's estimate of value: $ 1,000,000 2019 and $ 1,000,000 2( 0?0 ) Value Veaz Value Year I declare, uttder penalty of Perjury in the second degree, that this petition,•together with any accompanying exhibits or statements, has been prepared or examined by me, aftd to the best ofmy knowledge; infomla5onand belief, is true, correct, and complete. Petitioner's Signature Daytime Phone Number j Email By //�Daytime Phone Number j 303 ) 347-1878 • Email cassaunrlraastevensandacsnc.com `Letter of agency must be attached when petition Is submitted by an agent. Agent '6 Signature' If the Board of County Commissioners, pursuant to § 39-10-1 14(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 a, such derision, § 39-10.114.5(1), C.R.S. section n: Assessor's Recommendation (For Assessor's Use Only) 2019 2020 Tax Year Tax Year lust Assessed Its Actual Assessed Ice Original $1,835,201 $530200 $54,999.14 $1,835,201 $532,200 $54,205.10 Seceded $1,835,201 $532,200 $54,999.14 $1,835,201 $532,200 $54,205.10 AbatelRefund $0 $0 $0 $0 $0 $0 ❑ Assessor recommends approval as outlined abuse. If t o request for ebaUeenl is based upon the grounds of overvalseds i, no abatement or refund of taxes shall be made if an ob(edion or protest to suds valuation has bean filed and a Notice of Determination has been mailed to the taxpayer, § 39-10-114(1 Ka)(I)(D), C.R.S. Tax year: 2019 Protest? ®No ❑ Yes (If a protest was hied, please attache copy of the NOD.) Tax year: 2020 Protest? ❑X No ❑ Yes (If a protest was filed, please attach a copy of the NOD.) ID Assessor recommends denial for the following reason(s): After further review of all approaches to value, the value can be supported. tCndct, L7orm Assessor's or Deputy Aeeaeosr's Signature 15-OPT.AR No. 920,66/15 ass2:, 514- 001.9 au) 1:3" 51 S -C. 2022-1573 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 dale of filing such petition, § 39-1-113(1.7), C,R.£. 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 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: Original Corrected Abate/Refund Tax Year Tax Year Assessed Tax Actual µisessect Tax Note: The total tax amount does not include accrued interest, penalties, and fees associated with late and/or detinyuent lax payments, if applicable Please contact the County Treasurer for full payment information Petitioner's Signature Assessor's or Deputy Assessor's Signature Date Date Section IV: Decision of the County Commissioners (Must be completed if Section Ill 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 of the Assessor and the petition be (approved --approved in part --denied) with an abatement/refund as follows: Year Assessed Value Taxes Abate/Refund Year Assessed Value Taxes Abate/Refund 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 Clerk's Signature Note. Abatements greater than $10,000 per 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 510,0001 The action of the Board of County Commissioners, relative to this abatement petition, is hereby ❑ Approved ❑ Approved in part $ O Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature Dale 15 -OPT -AR No. 920.68/IS STEVENS �S�c.ASSOC1ATES SPeGALISTS i w PROPSRTY, TAX ONS Properly Tax Consultor- Agency Agreement Owner Addrsee: 2029 Wehrle Dr, Sae 1, Buffalo, NY 14221 Property Deaatndon18dnrdule It See Attached Exhibit A Consultant/Agent: Stevens & Associates Cost Reduction Specialists, Inc. die NORTH FOREST OFFICE SPACE DENVER LLC C/0 NORTH FOREST DEVELOPMENT LW, NORTH FOREST OFFICE SPACE — DENVER LLC, NORTH FOREST OFFICE PROVIDERS LW, NORTH FOREST OFFICE SPACE DENVER LLC, subsided's, point conimNes and d trM led converter same with Stevens B Associates Cast Reduction Spsobllsis, Inc, that far the property texisdes and use he assessment years 2020, 2021 and prior years, In Colorado es ere property referred to above, that Stevens & Aaoueisn Cast %Mutton Spacl.Yets, Inc. is hereby snood and authorized to act as agent end comndwit beam either the Board of Review as well as the State Tex Rohm Board or for any hearing pwthwt to the property far the property hectseles end use hoc assessment yams 2020, a1 correspondence end refunds to Stevens Associates Cost Reduction Species*inc.. 1 and ( years. Plows *sot The undersigned further authorizes Stevens & Aseooistae Cost Reduction Specialists, Inc. as agent of the undersigned, in the name of the undersigned, to execute and cause to be Sled an behalf of the undersigned, In the name otlhaundertlynad, any and all documents retdng to an egged tithe mid assemeneias, for the u.nsnt years In question end prior years, before either the Board of Review es wait as the Sale Tax Review Board or any hearings petbrent to the property. Thus, done and executed on this _ der/ of Wily 2020. NORTH FOREST OFFICE SPACE DENVER LLC CIO NORTH FOREST DEVELOPMENT LLC, NORTH FOREST OFFICE SPACE — DENVER LLC, NORTH FOREST OFFICE PROVIDERS LW, NORTH FOREST OFFICE SPACE DENVER LLC Tom awe/irk/ By: Tan Prwiendd 0410Ann 1a25 MDT) Thanes Prumwaid Title; General Marager Please direct WI W. Stevens 8 Associates t Ina. 10303 East Dry Creek Road, Sae 240 Englewood, Colorado 80112 (Notar y Wowneeds le be complete) STATE OF The bowing bltlneneat veer schnoerhedged bedew ms Tlite� i� deg o1 By: Thames Paurammld Nkomo my tend and WW1 my combater' whet Page 1 of 4 WI L. .:' ' =ACH Notary Public State of Colorado Notary ID. 20194001962 M Commission Ex • rots 01.11.2024 �ISTEVENS &ASSOCIATES SPECIALISTS IN PROPERTY, SALES 5 USE TAX REDUCTIONS ICI XII I .aI Ur y (. tu.0k u.,,,I ,.u, , r,?,.(1 Fi,gl ...',., 1, (,,lo, r ,, to BOIL.' Limited Summary Consulting Assignment Weld County Board Owner: Property Type: Property Address: NORTH FOREST OFFICE SPACE DENVER LLC Office 8310 Colorado Blvd Firestone, Colorado Schedule/Account #: R3252804 Parcel ID: 131119305002 Tax Year: 2019 & 2020 Prepared By Stevens & Associates Date of Value: January 1, 2019 & 2020 Base Period Ending: June 30, 2018 Date of Report: October 2021 O'N Summary of Important Facts and Conclusions Property Location: Parcel Number: Schedule Number: Land: Improvement Size: Year of Construction: Highest and Best Use: 8310 Colorado Blvd 131119305002 R3252804 57,767 Square Feet 1.33 Acres 11,470 Gross Square Feet 2014 For ad valorem tax purposes in Colorado the highest and best use of the subject is its current use. County Value: $1,835,201 $160.00 PSF Cost Approach: N/A PSF Sales Comparison Approach: N/A PSF Income Approach: $1,009,360 $88.00 PSF Reconciliation: $1,000,000 $87.18 PSF Date of Value: January 1, 2019 & 2020 Income Approach - Lease Comps Base Period: 7/1/16-6/30/18 Property Information: Lease Information: Lease Number Property Type Class Address City Submarket YOC Building SF Lease SF Lease Date Base Rent ($/SF) Basis Conclusion: Indicated Lease Rate Notes: Fee Simple Income Proforma Gross Building Area Net Rentable Area Indicated Lease Rate (NNN) Potential Gross Income Vacancy Allowance (of annual gross) Effective Gross Income (EGI) Operating Expenses (CAM, Management, Etc.) Reserves NOI (Net Operating Income) Indicated Capitalization Rate Capitalized Value of Property Price Per SF $ (IISTEVENS &ASSOCIATES SPECIALISTS IN PROPERTY. SALES S USE TAX REDUCTIONS Exhibit A Owner Name Address Assessor Parcel ID Account NORTH FOREST OFFICE SPACE DENVER LLC CIO NORTH FOREST DEVELOPMENT LLC 191 Telluride St Adams 01569-09-2-11- 005 80183460 NORTH FOREST OFFICE SPACE DENVER LLC C/O NORTH FOREST DEVELOPMENT LLC 195 Telluride St Adams 01569-09-2-11- 004 80183459 NORTH FOREST OFFICE SPACE — DENVER LLC 203 Telluride St Adams 015690-0097 2-11 R0189338 NORTH FOREST OFFICE SPACE — DENVER LLC Vacant Land Adams 01569-09-2-11-0R0189337 06 NORTH FOREST OFFICE SPACE — DENVER LLC 10303 Washington St Adams 01719-15-1-04-R0185600 014 NORTH FOREST OFFICE PROVIDERS LLC 12207 Pecos St Adams 01573003 3-01 R0129950 NORTH FOREST OFFICE SPACE DENVER LLC 8310 Colorado Blvd Weld 131119305002 R3252804 NORTH FOREST OFFICE PROVIDERS LLC 13611 E 104 Ave Adams 01721-12-4-25-R0185627 006 NORTH FOREST OFFICE PROVIDERS LLC 13551 E 104' Ave Adams 01721-12-4-25- 005 R0185626 NORTH FOREST OFFICE PROVIDERS LLC 13599E 104'" Ave Adams 01721-12-X4-25- 003 R0185624 NORTH FOREST OFFICE PROVIDERS LLC 13575E 104'" Ave Adams 01721-12-4-25- 004 R0185625 NORTH FOREST OFFICE PROVIDERS LLC 13659E 104a' Ave Adams 01721-12.4-25- 008 R0185629 NORTH FOREST OFFICE PROVIDERS LLC 13635 E 104' Ave Adams 01721-12�-25- 007 R0185628 Page 4 of 4 5/2/2022 Attn: Brenda Dones RE: 2019 & 2020 Abatement received 12/21/2021 R3252804 North Forest Office Space Denver LLC 8310 Colorado Blvd Firestone, CO 2019/2020 Assessors Value $1,835,201 ($160.00/sf) SUBJECT: The subject property is an 11,470 square foot multi -tenant office building located in Firestone Retail Center along Colorado Blvd near Saddleback Golf Course. The building was built in 2014 and is of average quality. The subject sits on 57,767 sf or 1.33 acres of land. Abatement Request: The subject is being appealed by Stevens & Associates. The agent has requested the value be lowered to $1,000,000 based on the income approach to value. Description and analysis of what was provided: With the initial abatement, the agent provided a Proforma using lease information from other properties. The agent also used above market vacancy, expenses, and cap rate. The agent later supplied a 2017-2018 profit and loss statements along with a rent roll for 2017 indicating an average lease rate of $20.26 per square foot and a rent roll for 2018 indicating an average lease rate of $22.52 per square foot. Cost Approach: The subject is a multi -tenant office building built in 2014. It is average quality and has had regular maintenance and tenant improvements taking place throughout the years. The subject's land totals 57,767 sq. ft. and is valued at $7.50 per sq. ft. for a total of $433,253. Marshall & Swift's estimate of reconstruction costs as follows: Imp 1 RCNLD $1,391,255 Depr 3% -$ 41,737 TOTAL $ 1,349,518 LAND $ 433,253 $1,782,771 The estimated cost value of the subject less depreciation is $1,782,771 or $155.43 per square foot. 1 Market Approach: Three comparable sales of office buildings were found that were used in this analysis. Comp 1 is located at 3801 Carson Ave, Evans. This building is 12,066 square feet and sold April 6, 2018, for $ for $ per square foot. This property was built in 2004. Comp 2 is located at 4650 Royal Vista Circle, Windsor, and is 14,000 square feet. This sold on March 22, 2017, for $ or $ per square foot. This property was built in 2001. Comp 3 is located at 19 N 42nd Ave, Brighton, and is 9,504 square feet. This sold on January 5, 2018, for $ or $ per square foot. This property was built in 2008. Sales of similar office buildings during the base period range between $ to $ per square foot. With the average being $ per square foot and the median price per square foot being $ After adjusting for the differences, the range of adjusted values are between $ and $ with an average price per square foot of $ and a median of $ The market value of the subject is estimated to be $ or $ per square foot. Income Approach: Income, expenses, and a rent roll were supplied from the agent. For 2017, by using the actual income of $ real estate expenses of $ and an effective cap rate; the estimated value of the subject is $ or $ per square foot. For 2018, by using the actual income of $ real estate expenses of $ and an effective cap rate; the estimated value of the subject is $ or $ per square foot. Market income was determined to be $ NNN. By using this number calculated by the building square feet and using a market vacancy of 5% and market expenses of 8%, this creates a NOI of $ A cap of 7.5% was determined to be reasonable for the subject, so this creates a market income value of $ or $ per square feet. 2 Reconciliation and Summary: The three approaches to value were developed and consideration was given to all three approaches. That creates a range of value between $1,782,771 ($155/sf) and $1,938,000 ($169/sf). I recommend that the value be held at $1,835,201 or $160/sf. Cost Approach $1,782,771 $155.43 Market Approach $1,835,200 $160/sf 2019/2020 Value $1,835,201 $160.00/sf 3 Income Approach $1,938,000 $168.97/sf Photos & Sketch Front view Rear view r�.ti�tGy�,-;a,,,g�•,•� jVii" t;:..`l•'►•i,1 a.. +�s 'f'ur`s . • 4 Sketch 185' FrsL Floor 11470.0 Sf 10.WH Skad+bv� 5 P.DEN Profit & Loss YTD - Detail by Building Period Ending December 31, 2018 DEN -52-8310 Year To Date Year Ending 12-31-18 12-31-17 Net Income (Loss) Rent 40000 - Gross Rents Rent Other Revenues 40085 - Bad Debts Expense 40090 - Rent Incentive 42100 - Revenue - Remodeling 42102 - Costs of Construction 49010 - Broker Commissions 49999 - Misc Income & CAM Reimbursements Other Revenues Total Revenues Operating Expenses Property Taxes 51000 - Property Taxes Total Property Taxes Property Services 54331 - PMC1 Grass & Fertilizer 54332 - PMC2 Plowing 54333 - PMC3 Refuse/Dumpster 54334 - PMC4 Caning 54335 - PMC5 Other Property Management 54336 - PMC6 Signs Total Property Services, Repairs & Maintenance 53110 - PMBR - Repairs & Maintenance 53110-01 - PMBR-A5 Building Permits/Other Fees 53110-02 - PMBR-A9 Engineering/Survey 53110-03 - PMBR-S1 Sewers and Water 53110-04 - PMBR-S2 Site Landscaping 53110-08 - PMBR-S9 Site Labor NFD 53110-09 - PMBR-S10 Signage 53110-10 - PMBR-E3 Roof, Gutters & Trim 53110-11 - PMBR-E5 Windows/Exterior Doors 53110-15 - PMBR-11 Plumbing 53110-17 - PMBR-13 Trim - Cabinet/Counter/Doors 53110-18 - PMBR-I4 Electrical 53110-19 - PMBR-I4P IT/Phone 53110-20 - PMBR-15 Drywall /Interior Framing 53110-21 - PMBR-I6 HVAC 53110-22 - PMBR-17 Floor/Carpet/Tile 53110-23 - PMBR-I8 Painting 53110-24 - PMBR-I9 Construction Supplies 53110-25 - PMBR-111 Construction Cleanup 53110-29 - PMBR-118 Fire Protection / Sprinkler 53110-32 - PMBR-O25 NFOS Labor 53120 - Remodeling Costs Total Repairs & Maintenance Utilities 54321 - U1 Gas and Electric 54322 - U2 Water and Sewer 54324 - U4 Internet Total Utilities Professional Services 55000 - Professional Services - Legal Fees 55020 - Professional Services - Organizational Development Consulting Total Professional Services Other Expenses 52000 - Insurance Expense 54550 - Advertising & Marketing 52100 -IT Expenses 54530 - Association Dues - Expense 54600 - Automobile Expense 54700 - Management Fee 54500 - Office Supplies & Expenses 57010 - Travel 57030 - Postage and Delivery 57040 - Bank Service Charges 57050 - Memberships & Subscriptions 57060 - Miscellaneous 57070 - Meals & Entertainment 57090 - Education/Safety Training 57092 - State Filing Fee Total Other Expenses Total Operating Expenses Total Net Operating Income (Loss) from Operations Other Income, Interest, Overhead, Amortization and Depreciation Suite Suite 100 Suite 200 Suite 300 Suite 400 Suite 500 Suite 500 Suite 500 Suite 550 Suite 600 Suite 650 Suite 700 Suite 800 Suite 850 Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite SF Company 1,488 Longmont Braces 1,302 Little Rockies Pediatric Dentistry 1,856 Inspire Dental, PLLC 748 Brookline Builders LLC 227 The Nail Table 227 St. Vrain Ranch Property Owners Association 227 Massage Superior 682 Firestone Technical Resources 682 Aurora Marketing Co 682 Three Peaks Counseling 1,302 Firestone Chiropractic 1,023 Tamrick Inc. 1,023 Vacant oloradi SF 100 200 300 400 500 500 500 550 600 650 700 800 850 11,469 442 Company 1,488 Longmont Braces 1,302 Little Rockies Pediatric Dentistry 1,856 Inspire Dental, PLLC 748 Brookline Builders LLC 227 The Nail Table 227 St. Vrain Ranch Property Owners Association 227 Massage Superior 682 Firestone Technical Resources 682 Aurora Marketing Co 682 Three Peaks Counseling 1,302 Firestone Chiropractic 1,023 Timeline Services 1,023 Shape, LLC 11,469 Contract Start 5/18/22, 11:56 AM Property Report Weld County PROPERTY PORTAL Account ILR3252804 131119305002 Legal Property Information (970) 400-3650 Technical Support (970) 400-4357 Account: R3252804 May 18, 2022 Account Information Space Account Type Buildings FIR FRC L2 FIRESTONE RETAIL CENTER Subdivision Actual !! Assessed Value I Value BlocI Lot Land Economic Area FIRESTONE RETAIL CENTER FINAL PLAT Property Address I- - 8310 COLORADO BLVD 2 FIRESTONE RETAIL CENTER (SAFEWAY) Account Owner(s) Owner Name I R3252804 NORTH FOREST OFFICE SPACE DENVER LLC Address 2829 WEHRLE DR BUFFALO, NY 142217387 Document History https://propertyreport.co.weld.co.us/?account=R3252804 1/6 5/18/22, 11:56 AM Property Report T Reception Rec Date Type Grantor 3204318 SUB SUBDIVISION 3574459 08-26-2008 WD HAMILTON WIKRE LAVERN L & JEFF & 3975760 11-05-2013 SWD WIKRE JEFF Grantee I Doc Fee Sale Date Sale Price FIRESTONE RETAIL 0.00 CENTER NORTH FOREST OFFICE SPACE DENVER LLC 0.05 07-31-2008 793,000 17.33 10-29-2013 *If the hyperlink for the reception number does not work, try a manual search in the Clerk and Recorder records. Use the Grantor or Grantee in your search. Building Information FAccountNo R3252804 Building 1 Building ID Occupancy Office Building NBHD ; Occupancy I 0/0 1 Bedrooms Baths Rooms I Complete 3905 Office iI 100 Building HVAC I Perimeter Complete HVAC 494 173,300 https://propertyreport.co.weld.co.us/?account=R3252804 2/6 5/18/22, 11:56 AM Property Report Square ID ; Ft I 11,470 Condo SF Total Basement SF TO _ Finished Basement SF 0 Built As Details for Building 1 ID I Built As Office Building Square Year Ft Built Additional Details for Buildin 1 ID Detail Type Add On Add On 4f Garage SF 0 Carport SF Balcony Porch SF SF I 0 I 0 1.00 11,470 2014 Width Description Units Asphalt Average 1 20,000 Concrete Slab Average j 5,500 Valuation Information Description I Actual Value Assessed Value OFFICES - IMPROVEMENTS 1,401,747 2120 OFFICES -LAND € 433,253 1,835,000 j 532,150 I 1.326 Comparable sales for your Residential or Commercial property may be found using our SALES SEARCH TOOL Tax Authorities https://propertyreport.co.weld.co.us/?account=R3252804 3/6 5/18/22, 11:56 AM Property Report Tax Area 5448 5448 ID I District District Name Current Mill Levy 0900 CARBON VALLEY REC 4.427 0305 CENTRAL WELD COUNTY WATER (CWC) 0.000 5448 0406 FIRESTONE TOWN E 6.805 I 5448 � 0507 FREDERICK -FIRESTONE FIRE j 13.900 5448 0531 FREDERICK -FIRESTONE FIRE (BOND 2022) 0.469 5448 5 448 1050 HIGH PLAINS LIBRARY 3.197 0301 NORTHERN COLORADO WATER (NCW) 1.000 5448 0213 SCHOOL DIST RE1J-LONGMONT I 57.358 5448 Ls 0952 SOUTHERN FIRESTONE URBAN RENEWAL (SFURA) 0.000 5448 H5448 0620 ST VRAIN SANITATION 0.473 - 0100 WELD COUNTY 15.038 Total - 102.667 Photo https://propertyreport.co.weld.co.us/?account=R3252804 4/6 5/18/22, 11:56 AM Property Report Sketch 185' First Floor 11470.0 sf 10' WH Building 1 Page 1 https://propertyreport.co.weld.co.us/?account=R3252804 5/6 5/18/22, 11:56 AM Property Report Map M axar, Microsoft Weld County Government Powered by Esri Get additional detail with the Map Search. Copyright © 2022 Weld County, Colorado. All rights reserved. Privacy Policy & Disclaimer I Accessibility Information https://propertyreport.co.weld.co.us/?account=R3252804 6/6 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 NORTH FOREST OFFICE SPACE DENVER, LLC 2829 WEHRLE DRIVE SUITE 1 BUFFALO, NY 14221., RE: .SCHEDULE NUMBER R3252804 Dear Property Owner: • CLERK'TO:.THE BOARD PHONE:. (970).400-4225 _FAX. (.97701 336-7233 1150.O STREET BOX 758 , OREE LEY; COLORADO 80632 www.weldgov.com STEVENS AND ASSOCIATES COST REDUCTION SPECIALISTS, INC. 10303 EAST DRY CREEK ROAD, SUITE 240 ENGLEWOOD, CO 80112 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: 8310 Colorado Boulevard, Firestone, Colorado 80504-6808. The meeting is scheduled for Wednesday, June 8, 2022, at 9:0.0 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: petition. You are norrequired 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 any questions concerning this matter, please do not hesitate to contact me. at (970) 400-4225. Sincerely, ate; a Jan Warwick .. Deputy Clerk to the Board jwarwick@weldgov.com Enclosures: - Copy of "Petition for Abatement of Refund of Taxes cc:. Weld County -Assessor WELD COUNTY PETITION FOR ABATEMENT OR REFUND OF TARE CERTIFICATE OF MAILING - LAST FIRST NAME NAME COMPANY NORTH FOREST OFFICE SPACE DENVER, LLC STEVENS AND ASSOCIATES COST REDUCTION SPECIALISTS, INC. ADDRESS 1 2829 WEHRLE DRIVE, SUITE 1 10303 EAST DRY CREEK ROAD, SUITE 240 CITY BUFFALO ENGLEWOOD STATE s NY CO POSTAL. CODE 14221 80112 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 31st day of May, 2022. Y co ru ri U, N 813 r L ri N bi N 0A -to Janet M. Warwick Deputy Clerk to the Board For:delivery information, visit our website at.:www.usiltcom°. a0 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 i • Adult Signature Restricted Delivery $ Postage Sent To City, ZIP, PS Form 3800, April 2015 PSN 7530-02-000-9047 Strp, Q 24 pvio Postmark Here I. Ac ,s 4,, s C C') t 1 E C) 0 0 x C) W C O cn C) - o - o cc, - o �s E C cci E t a_ co C U 0 Cu E ell s 4J '3 - ccs O o v O Q to a C_ CJ (%. To e e 0 O E o - L a - O Ca 0 N �. 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Sea Certified Mail Fee Extra Services & Fees (check box, add fee as appropriate) ❑ Return Receipt (hardcopy) $ ❑ Return Receipt (electronic) $ E] Certified Mail Restricted Delivery $ EI Adult Signature Required $ (] Adult Signature Restricted Delivery $ Postage Total Pos a and Fees vat5 Cai v iS4 Postmark Here aric -51-- PS Form ',800, April 2015 PSN 7530-02-000-9047 See Reverse for Instructions 9/16/22, 8:36 AM USPS.com® - USPS Tracking® Results USPS Tracking® Track Another Package + Tracking Number: 70171450000096751272 FAGs> Remove X Your item was delivered to the front desk, reception area, or mail room at 10:49 am on June 2, 2022 in ENGLEWOOD, CO 80112. USPS Tracking Plus® Available u C✓ Delivered, Front Desk/Reception/Mail Room June 2, 2022 at 10:49 am ENGLEWOOD, CO 80112 Get Updates u Text & Email Updates Tracking History USPS Tracking Plus® Product Information u See Less " https://tools.uses.com/go/TrackConfirmAction?tRef=fullpage&tLc=2&text28777=&tLabels=70171450000096751272%2C 1/2 June 28, 2022 NORTH FOREST OFFICE SPACE DENVER, LLC 2829 WEHRLE DRIVE SUITE 1 BUFFALO, NY 14221 RE: SCHEDULE NUMBER R3252804 Dear Property Owner: CLERK TO THE BOARD PHONE: (970) 400-4225 FAX: (970) 336-7233 1150 O STREET P.O. BOX 758 GREELEY, COLORADO 80632 www.weldgov.com ATTN: ROBYN SEDDON STEVENS AND ASSOCIATES COST REDUCTION SPECIALISTS, INC. 10303 EAST DRY CREEK ROAD SUITE 240 ENGLEWOOD, CO 80112 On June 8, 2022, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and denied 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: 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. 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, http://www. dola. state. co. us/baa/index. htm Very truly yours, Jawli .1Ja4ull -L Janet M. Warwick Deputy Clerk to the Board jwarwick@weldgov.com Enclosures: Resolution 2022-1573, Copy of Petition for Abatement of Refund of Taxes cc: Weld County Assessor From: Jan Warwick To: "infoMstevensandassoc.com" Co: Chloe White Subject: North Forrest Office Space Denver, LLC - R3252804, JRE 2580, LLC - R5834686, 2316 Investments, LLC - R3919505 Date: Wednesday, June 29, 2022 8:10:00 AM Attachments: Decision Letter - R3252804.odf Decision Letter - R5834686.odf Decision Letter - R919505.odf Good morning, On June 8, 2022, the Board of Weld County Commissioners considered your petitions for abatement or refund of taxes and denied same. Please see the attached documents regarding your options to appeal the decisions to the State Board of Assessment Appeals within thirty days. A hard -copy has been sent. 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 PETITI N FOR ABATEMENT OIL REFLJN TAXES CERTIFICATE F MAILING BUFFALO NY 14221 ROBYN SEDDON NORTH FOREST OFFICE SPACE DENVER, LLC STEVENS AND ASSOCIATES COST REDUCTION SPECIALISTS, INC. 2829 WEHRLE DRIVE, SUITE 1 10303 EAST DRY CREEK ROAD, SUITE 240 ENGLEWOOD CO 80112 info@stevensandassoc.com • _ 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 28th day of June, 2022. Pas rR P- JO Ei i U p fle- r1 I r k_n Janet M. Warwick Deputy Clerk to the Board For delivery information, visit our website at www.usps:com®. ci ,+h.,A,v' S.i+,ry'(ey�v. \i S:i::YSv"?} L U Certified Mail Fee hi Z 0 Postmark Here Extra ❑ Services & Fees (check box, add fee as appropriate) Return Return Receipt (hardcopy) $ ■ Return Receipt (electronic) $ ■ Certified Mail Restricted Delivery $ ■ Adult Signature Required $ li Adult Signature Restricted Delivery $ Postage $ Total Postage and Fees $ �,-kQt2jDcaCt Gi � . No. ie nake p 0 " Y f" • r•I �- - PS Form 3800, April 2015 PSN 753C-02-000-9047 See Reverse tt,Q" Instr..uctions�- Q) C) U) 4-3Q) cc El® X a) 0 B. Q) v 4!) 0 0 , C) '� Q.' 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Lee reverse for Instructions Track your package Data provided by USPS Tracking number 70171450000096751593 Delivered O June 30, 11:23AM Englewood, CO View details on USPS Call 1-800-275-8777 I Track another package Hello