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Home My WebLink About20212214.tiffFrom: Alex Powell To: Millie Channell; CTB-County Board of Equalization Subject: Re: Home Depots R5026708 and R8403700 Date: Friday, July 30, 2021 9:47:20 AM Attachments: image001.jpg Caution: This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. I would like to request an administrative denial on the above two accounts. Thanks, Alex Alex Powell, CMI Director, Property Tax Altus Expert Services, Altus Group Alex.Powell@altusgroup.com I www.altusgroup.com M: 817.680.8684 1807 Keller Parkway, Suite 100 Keller, TX 76248 Altus Group is a leading provider of commercial real estate advisory services, software and data solutions. From: Millie Channell <mchannell@weldgov.com> Sent: Friday, July 30, 2021 10:45 AM To: Alex Powell <alex.powell@altusgroup.com> Subject: Home Depots R5026708 and R8403700 CAUTION: This email originated from outside this organization. Do not click links or open attachments unless you can confirm the sender and know the content is safe. Hi Alex, If you wish to file an administrative denial, then please send an email to weld-cboe@co.weld.co.us or reply to this email and I will forward your intent to the Clerk to the Board. Thanks, Millie JI U Wie CI anneUU Property Appraiser Commercial Division Weld County Assessor's Office (970) 400-3685 mchannell@weldgov.com lig 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. NOTICE OF DETERMINATION Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 NELU JUL U 6 curl Date of Notice: 6/30/2021 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM - 5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGFDESCRIPTION/ PHYSICAL LOCATION GR PUD ELSIR 1ST REPEAT LOT A ELK LAKES SHOPPING CENTER R8403700 2021 0683 HD DEVELOPMENT OF MARYLAND INC RECEI\ 0/0 HOME DEPOT USA PROPERTY TAX DEPT 2815 35TH AVE GREELEY JUt 2O a -am\ a ia PO ATLANTA, BOX 105842 GA 30348-5842 WELD Cpl COMMISSIO PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 9,137,041 9,137,041 TOTAL 9,137,041 9,137,041 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: The law requires that data from Jan 2019 to June 2020 be used to establish current values. We have considered all three approaches to value and we have denied your appeal based upon this data. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. Agent (If Applicable): ALTUS GROUP US INC PO BOX 92129 SOUTH LAKE, TX 76092-0102 15-DPT-AR PR 207-08/13 R8403700 ED 021 INTY NERS 2021-2214 A30\odl ACCOUNT NO. TAX YEAR TAX AREA r R8403700 2021 0683 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 26th through August 5th at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail, file online, or deliver a copy of both sides of this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 Online: www.co.weld.co.usiappslicboe/ To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property - after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization mus mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 10, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 (303) 866-5880 www.dola.colorado.gov/baa Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. if the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. District Court Contact the District Court in the County where the property is located. See your local telephone book for the address and telephone number. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2020? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 7,800,000 What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, appraisal, etc.) Value is excessive based up cost and income. Model attached. ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and onts hereto are true and complete. 817-680-8684 7/14/2021 Signature Telephone Number Date alex.powell@altusgroup.com Email Address ' Attach letter of authorization signed by property owner. Please schedule after 7/28 due to previously scheduled hearings if possible. Altus Group US Inc. P.O. Box 92129 Southlake, TX 76092 alex.powell@altusgroup.com 15-DPT-AR PR 207-08/13 R8403700 A Altus Group Certified Mail #: 7019 2970 0002 1131 0692 RECEIVED July 14, 2021 Weld County Board of Equalization 1150 O Street Greeley, CO 80631 RE: Summary of the 2021 Appeals Dear Board of Equalization, JUL 2 0 201 WELD COUNTY COMMISSIONERS The following is a summary of the 2021 Petition to the County Board of Equalization that we are filing within your jurisdiction: Account # (s) - R8403700 HD Development of Maryland Inc % Home Depot USA Inc R5026708 Home Depot If you have any questions, please don't hesitate to contact our office. Sincerely, Alex Powell Alex.powell@altusgroup.com 817-680-8684 AltusExDertServices XPERIENCE I INDEPENDENCE I INSIGHT 281535th Ave 10858 Jake Jabs Blvd 1807Keller Pkwy Suite 100 Keller, TX 76248 T: 817-251-6666 E: info@altusgroup.com Home Depot Tax Department • 2455 Paces Ferry Road • Atlanta, GA 30339 AGENT AUTHORIZATION Home Depot USA, Inc. HD Development of Maryland And all its subsidiaries, partnerships and entities. This letter authorizes ALTUS GROUP U.S. INC. as agent in all real property ad valorem tax matters. This includes real property assessment appeals applications or petitions for review of valuation with all counties assessors, and/or Assessment Appeal Board, Boards of Review, or Board of Equalization, appearing on our behalf before said Board(s), examining any records, and discussing with the appropriate governmental authority the assessment, abatement and/or exemption for our locations (list attached). Home Depot USA, Inc. (HD Development of Maryland) Property Tax Dept., 812 P.O. Box 105842 Atlanta, GA 30348 This agency shall remain in effect for the 2021 tax year in the State of Colorado. Gene C Acuff Senior Manager Property Tax (*1/07 !2'oJ Date Subscribed and sworn to before me on th•is 74"day of April 2021. uokipattiy 41thaiiit Notary Public, State of no AGENT INFORMATION Altus Group, US Inc. Alex Powell and/or Dylan Bedford P.O. Box 92129 Southlake, TX 76052 817-251-6666 `'``1`��111111111►►,,,,,, •• ,, v S 53 .^ O ' T OTq 10, T" - G` G 100,4 L X1.4 CO UN '''�"la �,�i ►►►►►►►`%`` Assessor Adams County Adams County Adams County Adams County Adams County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Boulder County Boulder County Boulder County Broomfield County Denver County Denver County Denver County Denver County Denver County Denver County Douglas County Douglas County Douglas County Douglas County Douglas County Eagle County El Paso County El Paso County El Paso County El Paso County El Paso County Fremont County Fremont County Jefferson Jefferson Jefferson Jefferson Jefferson Jefferson Jefferson Jefferson Jefferson Jefferson County County County County County County County County County County La Plata County Larimer County Larimer County Larimer County Larimer County Logan County Mesa County Montrose County Pueblo County RE Weld County Weld County Weld County Weld County Account R0041607 80161445 F.0161858 F:0164588 R0169056 1973-18-3-04-010 1973-18-3-04-017 1973-18-3-12-002 1975-18-3-14-002 2071-19-2-01-002 2071-19-2-02-004 2073-18-4-02-001 2075-22-3-38-001 2075-22-3-38-008 2075-22-3-69-001 2077-17-1-04-012 R0030970 R0146533 R0604207 R8865246 0121301008000 0121301018000 0515300050000 0515300054000 0531300054000 0914201010000 R0436320 R0436321 R0448782 R0469444 R0477481 R053320 6301405003 6308019066 6415114014 6430406012 7126005002 99925269 99925270 300420155 300431499 300431500 300431601 300431602 300435439 300448822 300449087 300451749 300464827 5669-092-02-001 8707347007 8707349002 9513194001 9736358001 38052530314004 2945-043-55-001 R0016684 05-130-47-014 R5026708 R8403200 R8403700 R8403800 AlternatelD 0171915105015 0157302207003 0156921201001 0172122102004 0182128101009 031181313 033726308 034327029 033397541 034354565 034527907 034274707 033465750 034934898 035066622 034955241 157713014001 131508036002 146329311016 1575-364-18-001 2351-262-06-024 2351-262-06-025 2229-091-08-003 2231-032-01-020 2233-223-01-049 2103-074-09-009 R039262 R039263 39-142-08-011 29-234-03-012 29-234-03-013 40-111-02-025 40-111-02-021 40-111-02-033 41-153-10-004 49-021-04-007 59-072-01-030 49-123-23-002 R424395 R1631862 R1660533 R1611968 R1575503 R083415 3993-042-28-001 513047014 131311107013 095923102004 095923102001 095923102009 Prop 1503 - 10003 GRANT STREET 1548 - 16420 WASHINGTON ST 1547 - 0 1-76 & BUCKLEY RD 5673 - Denver Lumber DC 1551 - 3475 NORTH SALIDA COURT 1526 - 860 S COLORADO BLVD 1526 - 860 S COLORADO BLVD 1526 - 860 S COLORADO BLVD 1501 - 14001 E MISSISSIPPI AVE 1528 - 6000 S GUN CLUB ROAD ,BLDG D 1528 - 6000 S GUN CLUB ROAD ,BLDG D 1523 - 5600 S CHAMBERS 1509 - 9401 E ARAPAHOE ROAD 1509 - 9401 E ARAPAHOE ROAD 1509 - 9401 E ARAPAHOE ROAD 1519 - 3000 W BELLEVIEW AVE 1506 - 1200 DILLON ROAD 1521 - 393 S HOVER RD 1546 - 0 NE 28TH AND ARAPAHOE RD 1524 - 12169 SHERIDAN BLVD 1532 - 3870 QUEBEC ST 1532 - 3870 QUEBEC ST 1505 - 500 S SANTA FE DR 1505 - 500 S SANTA FE DR 1520 - 3130 S SHERIDAN BLVD 1507 - 7990 W CRESTLINE AVE 1531 - 333 ALLEN STREET 1531 - 333 ALLEN STREET 1540 - 1200 MAYBERRRY DRIVE 1508 - 8477 S YOSEMITE AVE 1516 - 11111 S PARKER ROAD 1525 - 295 YODER AVENUE 1538 - 5660 E WOODMEN ROAD 1510 - 7120 N ACADEMY BLVD 1504 - 102 N ACADEMY RD 1518 - 2250 SOUTHGATE ROAD 1541 - 15888 JACKSON CREEK PARKWAY 1542 - 141 MACKENZIE AVENUE 1542 - 141 MACKENZIE AVENUE 1502 - 5215 WADSWORTH BLVD 1517 - 7125 W 88TH AVENUE 1517 - 7125 W 88TH AVENUE 1522 - 16900 W COLFAX AVENUE 1522 - 16900 W COLFAX AVENUE 1522 - 16900 W COLFAX AVENUE 1535 - 1014 EL RANCHO ROAD 1550 - 7200 W COLFAX AVE 1549 - 4277 S ELDRIDGE ST. 1514-6701 W ALAMEDA AVE 1534 - 1301 S CAMINO DEL RIO 1544 - 1251 E MAGNOLIA STREET 1544 - 1251 E MAGNOLIA STREET 1529 - 1100 NICKEL DRIVE 1512 - 4502 JOHN F KENNEDY PKWY 1545-1614W MAIN ST 1513 - 2436 F ROAD 1537 - 1401 ODGEN RD 1511 - 4450 N FREEWAY 1552 - 0 HWY 119(FIRESTONE BLVD) 1515 - 2815 35TH AVENUE 1515 - 2815 35TH AVENUE 1515 - 2815 35TH AVENUE Address' 10003 GRANT STREET 16420 WASHINGTON ST 2440 S 27TH AVE 9410 HEINZ WAY 3475 SALIDA COURT Ohio St 860 S COLORADO BLVD 14001 E MISSISSIPPI AVE 6000 S Gun Club Rd 5600 S CHAMBERS RD 9401 E ARAPAHOE ROAD 9351 E ARAPAHOE ROAD 3000 W BELLEVIEW AVE 1200 W DILLON ROAD 393 S HOVER RD 1600-1755 28TH ST 12169 SHERIDAN BLVD 7600 Smith Rd 3870 QUEBEC ST 500 S SANTA FE DR 500 S SANTA FE DR 3130 S SHERIDAN BLVD 7990 W CRESTLINE AVE 333 ALLEN STREET 333 W ALLEN ST 1200 MAYBERRRY DRIVE 8477 S YOSEMITE ST 11111 S PARKER ROAD 295 YODER AVENUE 5660 E Woodmen Rd 7120 N ACADEMY BLVD 102 N ACADEMY RD 2250 Southgate Rd 15888 Jackson Creek Pkwy 141 MAC KENZIE AVENUE 135 MAC KENZIE AVENUE 5215 WADSWORTH BYP 7125 W 88TH AVENUE 7125 W 88TH AVENUE 16900 W COLFAX AVENUE 16310 W COLFAX AVENUE 1014 EL RANCHO ROAD 7200 W COLFAX AVE 4277 S ELDRIDGE ST. 6741 W ALAMEDA AVE 1301 S CAMINO DEL RIO 1251 E MAGNOLIA STREET 1251 E MAGNOLIA STREET 1100 NICKEL DRIVE 4502 JOHN F KENNEDY PKWY 1614 MAIN ST W 2436 PATTERSON RD 1401 ODGEN RD 4450 N FREEWAY 10858 Jake Jabs Blvd 2815 35TH AVENUE City THORNTON THORNTON BRIGHTON COMMERCE CITY AURORA GLENDALE Denver GLENDALE AURORA Aurora AURORA AURORA GREENWOOD VILLAGE GREENWOOD VILLAGE GREENWOOD VILLAGE LITTLE -ON LOUISVILLE LONGMONT BOULDER BROOMFIELD DENVER DENVER DENVER DENVER DENVER DENVER CASTLE ROCK CASTLE ROCK HIGHLANDS RANCH LONE TREE PARKER AVON Colorado Springs COLORADO SPRINGS COLORADO SPRINGS Colorado Springs MONUMENT CANON CITY CANON CITY ARVADA WESTMINSTER WESTMINSTER GOLDEN GOLDEN GOLDEN EVERGREEN LAKEWOOD MORRISON LAKEWOOD DURANGO FORT COLLINS FORT COLLINS LOVELAND FORT COLLINS STERLING GRAND JUNCTION MONTROSE PUEBLO FIRESTONE GREELEY GREELEY GREELEY S Altus Group 2021 REAL PROPERTY TAX APPEAL State & Local Tax REAL PR DUEtS TAX VALUATION PACKAGE Property Name: Address: City, State: Jurisdiction: Account Number(s): Valuation Date As Of: Large Big Box Retail Store Home Depot 2815 35Th Ave, Greeley, CO Weld County R8403700 June 30, 2020 1807 Keller Parkway, Suite 100, Keller, TX 76248 817-552-6815 Home Depot Tax Department • 2455 Paces Ferry Road • Atlanta, GA 30339 AGENT AUTHORIZATION Home Depot USA, Inc. HD Development of Maryland And all its subsidiaries, partnerships and entities. This letter authorizes ALTUS GROUP U.S. INC. as agent in all real property ad valorem tax matters. This includes real property assessment appeals applications or petitions for review of valuation with all counties assessors, and/or Assessment Appeal Board, Boards of Review, or Board of Equalization, appearing on our behalf before said Board(s), examining any records, and discussing with the appropriate governmental authority the assessment, abatement and/or exemption for our locations (list attached). Home Depot USA, Inc. (HD Development of Maryland) Property Tax Dept., 812 P.O. Box 105842 Atlanta, GA 30348 This agency shall remain in effect for the 2021 tax year in the State of Colorado. eq 05107 i&oZi Gene C Acuff Date Senior Manager Property Tax Subscribed and sworn to before me on this 74`day of April 2021. �z y Notary Public, State of No AGENT INFORMATION Altus Group, US Inc. Alex Powell and/or Dylan Bedford P.Q. Box 92129 Southlake, TX 76052 817-251-6666 .O se 0 /410:41:::0 O Tq ib 17(-‘ �- o A &•c:Lu1 G % - Assessor Adams County Adams County Adams County Adams County Adams County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Arapahoe County Boulder County Boulder County Account 80041607 R0161445 R0161858 R0164588 R0169056 1973-18-3-04-010 1973-18-3-04-017 1973-18-3-12-002 1975-18-3-14-002 2071-19-2-01-002 2071-19-2-02-004 2073-18-4-02-001 2075-22-3-38-001 2075-22-3-38-008 2075-22-3-69-001 2077-17-1-04-012 R0030970 R0146533 Boulder County R0604207 Broomfield County R8865246 Denver County 0121301008000 Denver County 0121301018000 Denver County 0515300050000 Denver County 0515300054000 Denver County 0531300054000 Denver County 0914201010000 Douglas County R0436320 Douglas County R0436321 Douglas County R0448782 Douglas County R0469444 Douglas County R0477481 Eagle County R053320 El Paso County 6301405003 El Paso County 6308019066 El Paso County 6415114014 El Paso County 6430406012 El Paso County 7126005002 Fremont County 99925269 Fremont County 99925270 Jefferson County 300420155 Jefferson County 300431499 Jefferson County 300431500 Jefferson County 300431601 Jefferson County 300431602 Jefferson County 300435439 Jefferson County 300448822 Jefferson County 300449087 Jefferson County 300451749 Jefferson County 300464827 La Plata County 5669-092-02-001 Larimer County 8707347007 Larimer County 8707349002 Larimer County 9513194001 Larimer County 9736358001 Logan County 38052530314004 Mesa County 2945-043-55-001 Montrose County R0016684 Pueblo County RE 05-130-47-014 Weld County R5026708 Weld County R8403200 Weld County R8403700 Weld County R8403800 AlternatelD 0171915105015 0157302207003 0156921201001 0172122102004 0182128101009 031181313 033726308 034327029 033397541 034354565 034527907 034274707 033465750 034934898 035066622 034955241 157713014001 131508036002 146329311016 1575-364-18-001 2351-262-06-024 2351-262-06-025 2229-091-08-003 2231-032-01-020 2233-223-01-049 2103-074-09-009 R039262 R039263 39-142-08-011 29-234-03-012 29-234-03-013 40-111-02-025 40-111-02-021 40-111-02-033 41-153-10-004 49-021-04-007 59-072-01-030 49-123-23-002 R424395 R1631862 R1660533 R1611968 R1575503 R083415 3993-042-28-001 513047014 131311107013 095923102004 095923102001 095923102009 Prop 1503 - 10003 GRANT STREET 1548 - 16420 WASHINGTON ST 1547 - 0 1-76 & BUCKLEY RD 5673 - Denver Lumber DC 1551 - 3475 NORTH SALIDA COURT 1526 - 860 S COLORADO BLVD 1526 - 860 S COLORADO BLVD 1526 - 860 S COLORADO BLVD 1501 - 14001 E MISSISSIPPI AVE 1528 - 6000 S GUN CLUB ROAD ,BLDG D 1528 - 6000 S GUN CLUB ROAD ,BLDG D 1523 - 5600 S CHAMBERS 1509 - 9401 E ARAPAHOE ROAD 1509 - 9401 E ARAPAHOE ROAD 1509 - 9401 E ARAPAHOE ROAD 1519 - 3000 W BELLEVIEW AVE 1506 - 1200 DILLON ROAD 1521 - 393 S HOVER RD 1546 - 0 NE 28TH AND ARAPAHOE RD 1524 - 12169 SHERIDAN BLVD 1532 - 3870 QUEBEC ST 1532 - 3870 QUEBEC ST 1505 - 500 S SANTA FE DR 1505 - 500 S SANTA FE DR 1520 - 3130 S SHERIDAN BLVD 1507 - 7990 W CRESTLINE AVE 1531 - 333 ALLEN STREET 1531 - 333 ALLEN STREET 1540 - 1200 MAYBERRRY DRIVE 1508 - 8477 S YOSEMITE AVE 1516 - 11111 S PARKER ROAD 1525 - 295 YODER AVENUE 1538 - 5660 E WOODMEN ROAD 1510 - 7120 N ACADEMY BLVD 1504 - 102 N ACADEMY RD 1518 - 2250 SOUTHGATE ROAD 1541 - 15888 JACKSON CREEK PARKWAY 1542 - 141 MACKENZIE AVENUE 1542 - 141 MACKENZIE AVENUE 1502 - 5215 WADSWORTH BLVD 1517 - 7125 W 88TH AVENUE 1517 - 7125 W 88TH AVENUE 1522 - 16900 W COLFAX AVENUE 1522 - 16900 W COLFAX AVENUE 1522 - 16900 W COLFAX AVENUE 1535 - 1014 EL RANCHO ROAD 1550 - 7200 W COLFAX AVE 1549 - 4277 S ELDRIDGE ST. 1514 - 6701 W ALAMEDA AVE 1534 - 1301 S CAMINO DEL RIO 1544 - 1251 E MAGNOLIA STREET 1544 - 1251 E MAGNOLIA STREET 1529 - 1100 NICKEL DRIVE 1512 - 4502 JOHN F KENNEDY PKWY 1545-1614W MAIN ST 1513 - 2436 F ROAD 1537 - 1401 ODGEN RD 1511 - 4450 N FREEWAY 1552 - 0 HWY 119(FIRESTONE BLVD) 1515 - 2815 35TH AVENUE 1515 - 2815 35TH AVENUE 1515 - 2815 35TH AVENUE Address' 10003 GRANT STREET 16420 WASHINGTON ST 2440 S 27TH AVE 9410 HEINZ WAY 3475 SALIDA COURT Ohio St 860 S COLORADO BLVD 14001 E MISSISSIPPI AVE 6000 S Gun Club Rd 5600 S CHAMBERS RD 9401 E ARAPAHOE ROAD 9351 E ARAPAHOE ROAD 3000 W BELLEVIEW AVE 1200 W DILLON ROAD 393 S HOVER RD 1600-1755 28TH ST 12169 SHERIDAN BLVD 7600 Smith Rd 3870 QUEBEC ST 500 S SANTA FE DR 500 S SANTA FE DR 3130 S SHERIDAN BLVD 7990 W CRESTLINE AVE 333 ALLEN STREET 333 W ALLEN ST 1200 MAYBERRRY DRIVE 8477 S YOSEMITE ST 11111 S PARKER ROAD 295 YODER AVENUE 5660 E Woodmen Rd 7120 N ACADEMY BLVD 102 N ACADEMY RD 2250 Southgate Rd 15888 Jackson Creek Pkwy 141 MAC KENZIE AVENUE 135 MAC KENZIE AVENUE 5215 WADSWORTH BYP 7125 W 88TH AVENUE 7125 W 88TH AVENUE 16900 W COLFAX AVENUE 16310 W COLFAX AVENUE 1014 EL RANCHO ROAD 7200 W COLFAX AVE 4277 S ELDRIDGE ST. 6741 W ALAMEDA AVE 1301 S CAMINO DEL RIO 1251 E MAGNOLIA STREET 1251 E MAGNOLIA STREET 1100 NICKEL DRIVE 4502 JOHN F KENNEDY PKWY 1614 MAIN ST W 2436 PATTERSON RD 1401 ODGEN RD 4450 N FREEWAY 10858 Jake Jabs Blvd 2815 35TH AVENUE City THORNTON THORNTON BRIGHTON COMMERCE CITY AURORA GLENDALE Denver GLENDALE AURORA Aurora AURORA AURORA GREENWOOD VILLAGE GREENWOOD VILLAGE GREENWOOD VILLAGE LITTLETON LOUISVILLE LONGMONT BOULDER BROOMFIELD DENVER DENVER DENVER DENVER DENVER DENVER CASTLE ROCK CASTLE ROCK HIGHLANDS RANCH LONE TREE PARKER AVON Colorado Springs COLORADO SPRINGS COLORADO SPRINGS Colorado Springs MONUMENT CANON CITY CANON CITY ARVADA WESTMINSTER WESTMINSTER GOLDEN GOLDEN GOLDEN EVERGREEN LAKEWOOD MORRISON LAKEWOOD DURANGO FORT COLLINS FORT COLLINS LOVELAND FORT COLLINS STERLING GRAND JUNCTION MONTROSE PUEBLO FIRESTONE GREELEY GREELEY GREELEY S Altus Group Table of Contents VALUATION TERMS AND CONCEPTS 2 THE THREE APPROACHES TO VALUE 3 PROPERTY CHARACTERISTICS 4 SUMMARY OF VALUES 5 LARGE BIG BOX RETAIL STORE LAYOUTS 6 WHY ARE ALL BIG BOX RETAIL STORES DIFFERENT? 7 EXTRA FEATURES OF LARGE BIG BOX STORES 7 THE COST APPROACH 8 THE INCOME APPROACH 10 THE SALES COMPARISON APPROACH 11 SUMMARY OF VALUES CONCLUSION 12 1807 Keller Parkway, Suite 100, Keller, TX 76248 Page I 1 817-552-6815 Altus Group VALUATION TERMS AND CONCEPTS Market Value: The most probable price, as of a specified date, in cash or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self- interest, and assuming neither is under undue duress. Fee Simple: Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat. Leased Fee: A freehold (ownership interest) where the possessory interest has been granted to another party by creation of a contractual landlord -tenant relationship (i.e., a lease). 1807 Keller Parkway, Suite 100, Keller, TX 76248 Page 12 817-552-6815 ast Altus Group THE THREE APPROACHES TO VALUE There are three traditional methods used in the valuation of real estate, which are the cost approach, sales comparison approach, and income capitalization approach. Each of these different valuation techniques has its strengths and weaknesses and the favorable approach usually depends on the availability of market data as to replacement costs, market sales, market leases, and the type of property being evaluated. Cost Approach: Assumption that a buyer would pay no more than the cost of constructing an acceptable substitute. Income Capitalization Approach: Assumption that a buyer would pay no more than the amount required to obtain an equivalent income stream. Sales Comparison Approach: Most probable price one would expect to pay or receive for the subject property based on fee simple sales of similar properties. 1807 Keller Parkway, Suite 100, Keller, TX 76248 817-552-6815 Page 1 3 sts. AltusGroup PROPERTY CHARACTERISTICS PROPERTY INFORMATION a tea. T _-_ , it . lii-b. . • . - - Depot Property Name Home Site Address 2815 35Th Ave City, State Greeley, CO County Weld Parcel / Account Number(s) R8403700 Land Square Foot Area 431,680 Land Acres 9.91 Property Type Big Box Retail Property Design Warehouse Discount Store Year Built 1998 Age 23 Years Effective Gross Building Area 114,213 Net Leasable Area 114,213 Date of Valuation June 30, 2020 IP S gilt T_ -...V'.. U.E --NDICATION IIP 4pr $2,115,448 Land Value Cost Approach $5,430,000 Income Approach $7,650,000 Sales Approach $8,180,000 Opinion of Value $7,650,000 1807 Keller Parkway, Suite 100, Keller, TX 76248 Page 14 817-552-6815 Altus Group SUMMARY OF VALUES ASSESSOR'S PROPOSED VALUES ._ Land Value $2,115,448 Improvement Value $7,021,588 Total Market Value $9,137,036 AJ'PEIJT'SRESTEPL1IES = :- $2,115,448 Land Value Improvement Value $5,534,552 Total Market Value $7,650,000 1807 Keller Parkway, Suite 100, Keller, TX 76248 Page 15 817-552-6815 Altus Group WHY ARE ALL BIG BOX RETAIL STORES DIFFERENT? HOME DEPOT WALMART SAM'S CLUB LOWE'S TARGET COSTCO EXTRA FEATURES OF LARGE BIG BOX STORES Home Depot Lowe's Costco Sam's Club Target Walmart Vinyl Flooring X X X X ✓ ✓ Drop Down Ceilings X X X X ✓ I Painted/Finished Walls X X I ✓ ✓ I Restaurants X X ✓ ✓ ✓ Deli X X ✓ I I Meat Department X X ✓ ✓ ✓ Bakery X X ✓ ✓ Refrigerated Aisles X X ✓ I Pharmacy X X I ✓ Eye Center X X ✓ ✓ Tire Shop X X I X Gas Pumps X X ✓ X Garden Center ✓ ✓ X X Overall Rank: Low/Avg Average Average Avg/High Avg/High Low/Avg *This analysis is based on the average store's finish out. Not all stores are built exactly the same. 1807 Keller Parkway, Suite 100, Keller, TX 76248 Page 17 817-552-6815 AltusGroup THE COST APPROACH MARSHAL & SWIFT - COST DETAILS OF BUILDING Property Name: Address: City, State: County: Year Built: Land Acres: Gross Building Area: Property Type: Occupancy: Occupancy Code: Class: Quality: Section: Page: Home Depot 2815 35Th Ave Greeley, CO Weld 1998 9.91 Acres 114,213 SF Big Box Retail Warehouse Discount Store 458 C Average 13 28 Effective Age: Land Sq. Ft.: Net Leasable Area: Cost Updated As Of: Heating & Cooling: Climate Adj: Wall Height: Bldg. Perimeter: Estimated Life: Date Of Valuation: 23 Years 431,680 SF 114,213 SF May -20 Package A.C. Mild 24 Ft. 1,436 30 Years January 1, 2021 (Cost Evidence Attached To Back Of Report) 1807 Keller Parkway, Suite 100, Keller, TX 76248 817-552-6815 Page 1 8 AltusGroup MARSHALL & SWIFT VALUATION SERVICE gosT Spin�ILE Property Type Warehouse Discount Store (458) Section / Page Sect: 13 / Page: 28 Cost Updated As Of May, 2020 Date of Valuation January 1, 2021 Construction Quality Average Class C Component Sq. Ft. 114,213 Base Cost Per Square Foot $55.00 Square Foot Multipliers Sprinklers $2.36 Heating/Cooling $5.58 Subtotal $62.94 Construction Multipliers Multiplier 24 Ft. 1.255 Height Area II Perimeter Multiplier 1,436 0.810 Current Cost Multiplier 1.050 Local Multiplier 1.010 Final Cost Per Square Foot $67.85 Base Base Building Cost $7,749,605 Site Improvements Rate SF Parking Area $3.39 234,529 $795,666 Canopy/Mezzanine Area $13.57 13,063 $177,271 Other Area $3.39 33,000 $111,956 Site Improvements $115,852 $115,852 Extra Site Improvements $1,200,744 Total Building & Site Imp. Costs (Rounded) $8,950,000 Total COSH APFTIZOACH CONCLUSION Improvement Value Before Depreciation $8,950,000 Total Accrued Depreciation Physical Depreciation -63% ($5,638,500) Functional Obsolescence 0% $0 Economic Obsolescence 0% $0 Accrued Depreciation (S5,638,500) Total Depreciated Replacement Cost $28.99/sf $3,311,500 Land Value $4.90/sf $2,115,448 Estimated Indicated As Is Value $5,426,948 Total Indicated As Is Value (Rounded) $5,430,000 Total Value Per SF $47.54 * Cost Approach is using cost data straight out of the Marshall & Swift Cost Valuation book and all data is updated to the current date of valuation 1807 Keller Parkway, Suite 100, Keller, TX 76248 817-552-6815 Page 19 S AltusGroup THE INCOME APPROACH INCOME PRO FORMA Property Name: County: Address: Property Type: Home Depot Weld County 2815 35Th Ave Warehouse Discount Store Year Built: Land Acres: Gross Area: Net Leasable: 1998 9.91 114,213 SF 114,213 SF Gross Potential Income Other Income 1 Other Income 2 Total Income Less Vacancy Credit Loss Effective Gross Income Less Operating Expenses Reserves Net Operating Income Market Capitalization Rate Effective Tax Rate Overall Capitalization Rate Stabilized Value Less: Excess Land Area Rate 114,213 $7.00 10.0% 15.0% 8.00% 0.00% 8.00% $ $ $ Total Value 799,491 limo $ $ $ 799,491 (79,949) $ $ $ 719,542 (107,931) $ $ 611,611 7,645,133 $/sf 7.00 0.00 0.00 7.00 -0.70 0.00 6.30 -0.95 0.00 5.36 66.94 2021 Market Value Rounded $ 7,650,000 or 66.98 *The Income Approach is based off available lease comps and contains both current asking rates and confirmed lease rates. *The rents have been adjusted for this specific property's market by adjusting for the building's size, location, and condition. 1807 Keller Parkway, Suite 100, Keller, TX 76248 817-552-6815 Page 110 AltusGroup THE SALES COMPARISON APPROACH LIST OF COMPARABL SALES Sale Property Name Address City, State County Sale Date Sale Price 1 Kmart 2665 W Eisenhower Blvd Loveland, CO Larimer 4/28/2020 $4,949,001 2 Centennial Marketplace 550 S McCasli n Blvd Louisville, CO Boulder 1/29/2020 $6,995,000 3 Kohl's 813 E Harmony Fort Collins, Co Larimer 10/18/2019 $12,326,600 4 955 S Hover St Longmont, CO Boulder 3/18/2019 $6,750,000 At Home 5 At Home 1660 W Midway Blvd Broomfield, Co Broomfield 8/5/2016 $8,518,600 SALE ADJUSTMENTS TO EQUAL SUBJECT PRPETY ALE , ... _ Sia SALE 3 ` SALE 4 i SALE 5 MEDIAN SA,L.E 1 .a Property Acres Bldg. Year Sale Sale Sale Sale SF Built Info: Date Price $/SF Name: Kmart 7.85 91,191 1980 4/28/2020 $4,949,001 $54.27 Centennial Marketplace 13.15 128,653 1999 1/29/2020 $6,995,000 $54.37 Kohl's 9.55 105,514 2007 10/18/2019 $12,326,600 $116.82 At 8.76 97,829 1993 3/18/2019 $6,750,000 $69.00 Home / 2019 11.22 117,202 1995 8/5/2016 $8,518,600 $72.68 At Home 105,514 1997 $69.00 9.55 Adjustments: %1 $/SF % Ad l $/SF %Adj $/SF % Adj $/SF %Adj $/SF % Adi $0.00 $0.00 $0.00 0% 5% 0% 0% 0% 0% $0.00 $3.45 $0.00 0% 5% 0% $0.00 -$17.52 -$17.52 -15% -15% 0% $0.00 $2.72 $0.00 10% 5% 5% $2.71 $2.71 $5.43 0% 5% 0% Size Location Condition Total Adj: 20% _ $10.85 5% $2.72 -30% -$35.05 5% $3.45 0% $0.00 5% Adj Adj Sale Sale Price: $/SF: $5,938,801 $65.12 $7,344,750 $57.09 $8,628,620 $81.78 $7,087,500 $72.45 $8,518,600 $72.68 $72.45 Subject's Area 114,213 Avg Sale $ISF: $72.45 Total Indicated Value $8,274,485 Total Value (Rounded): $8,270,000 • *Leased Fee sales tend to be much higher than the fee simple market value sales due to current leases in place. *Market value is based on fee simple interest and would indicate a lower value if leased fee sales were adjusted downward for current lease terms. 1807 Keller Parkway, Suite 100, Keller, TX 76248 Page 111 817-552-6815 Altus Group SUMMARY OF VALUES CONCLUSION SUMMARY OF MARKET VALUES _. INDICATED Income CURRENT 2021 Cost Sales Proposed Approach Comparison Capitalization YEAR MARKET VALUES Value Approach VALUES (County) Approach Total Per SF $9,137,036 Total $80.00 Per SF $5,430,000 $7,650,000$ $8,180,000 $47.54 $66.98 $71.62 REQUESTED MARKET VALUE Valuation Method Selected Date of Value 2021 Total Value $/Sq. Ft. INCOME APPROACH: June 30, 2020 $7,650,000 $66.98 INDICATED VALUE (ROUNDED): $7,650,000 $66.98 (Additional Evidence Attached) 1807 Keller Parkway, Suite 100, Keller, TX 76248 Page 112 817-552-6815 DISCOUNT STORES SECTION 13 PAGE 5 Mar 2020 23. GOOD DRUGSTORE CLASS D 24. AVERAGE DRUGSTORE CLASS C 27. AVERAGE CLASS S DISCOUNT STORE 29. AVERAGE CLASS S WAREHOUSE DISCOUNT 25. GOOD CLASS C DISCOUNT STORE 26. AVERAGE CLASS C DISCOUNT STORE 28. LOW COST CLASS C WAREHOUSE DISCOUNT 30. LOW COST CLASS S WAREHOUSE DISCOUNT SUMMARY OF ILLUSTRATIONS RETAIL STORES 11 & 12. Good Class C stores are marked by their architectural embellishments and the corollary items such as the front roof, stacked brick walls, etc. 13 — 20. These Average Class C/D/S stores are typical of neighborhood stores with plate glass fronts and some ornamentation. Number 20 would probably be in the average range with interior finish and a few partitions. 21 & 22. These Low Cost Class C & S stores are marked by minimum or near minimum construction under the Uniform Building Code. The interior of the exterior walls will normally be unfinished or painted, and fronts are simple. 23. The Good Drugstore also includes the typical small mini-drive-thru with some storefront entry. 24. The Average Drugstore is a typical large chain discount -type store. 25. The Good Discount Store has a well -finished interior with some interior departmental divisions and will approach the low quality department store in cost and appearance. DISCOUNT STORES 26 — 27. The Average Discount Store is usually a good industrial shell with some interior finish and partitioning and very little store front. Some stores such as the large furniture outlets, are a combination discount and storage warehouse building. 28. Typical Low Cost Warehouse Discount Store, showing its quality in the lack of fenestration and low cost walls. Depending on the interior and mechanical items, it may be of higher cost than the basic factor and an interior inspection must be made. 29. An Average Warehouse Discount Store, typical of low cost warehouse shell construction with standard interior finishes. 30. This Low Cost Warehouse Discount Store is self-explanatory with its total lack of finish and store front, exposed frame and minimum interior facilities. SUMMARY: Quality designations are within each occupancy and class of construction. Thus a Low Cost Class C Discount may look like an Average Class C Warehouse Discount Store from the exterior. MARSHALL VALUATION SERVICE © 2020 CoreLogic®, Inc. and it licensors, all rights reserved. Am' reprinting, distribution, creation of derivative works, and/or public displays is strictly prohibited. 5/2020 SECTION 13 PAGE 28 May 2020 CALCULATOR METHOD ES 1319 CLASS TYPE EXTERIOR WALLS INTERIOR FINISH LIGHTING, AND MECHANICAL PLUMBING HEAT Sq. COST M. Cu. Ft. Ft. Sq. AFB Avera a g Tilt -up panels brick, good front, Acoustic tile, vinyl tile. some built- some ornamentation ins and extras Adequate lighting, outlets, and plumbing Package A.C. _ 941.84 7.29 87.50 C Good Brick, wide spans Good lighting and good good tilt -up, steel columns, Plaster, good offices, acoustic tile, g goutlets, rubber or vinyl composition restrooms Warm and cool air (zoned) 957.99 7.41 89.00 Avera e g Brick steel columns or block, tilt -up, wood or Drywall, small office area, acoustic Adequate lighting and restrooms, and trusses tile, vinyl composition competitive fixtures Package A.C. 758.86 5.87 70.50 Low cost Minimum block or tilt -up, pipe or Painted exterior walls, minimum Minimum lighting and plumbing wood columns finish and office Forced air 581.25 4.50 54.00 D Good Brick or stone veneer, wood or Plaster or drywall, good offices, Good lighting and outlets, good steel columns and trusses good acoustic tile, vinyl or rubber restrooms Warm and cool air (zoned) 898.79 6.96 83.50 Average Good stucco or siding on wood Drywall, small office area, acoustic Adequate lighting and restrooms frame or heavy studs tile, vinyl composition Package A.C. 705.04 5.46 65.50 Low cost Stucco or siding on studs, small Drywall, few partitions, minimum Minimum lighting and plumbing front finish and office Forced air 530.12 4.10 49.25 DPOLE Low cost Pole frame, metal siding, lined, Drywall, few partitions, minimum Minimum lighting and plumbing small front finish and office Forced air 470.92 3.64 43.75 S Good Good sandwich panels, frame, Drywall, good offices, some ornamentation rubber or vinyl composition acoustic tile, Good lighting and outlets, good restrooms _ Warm and cool air (zoned) 877.26 6.79 81.50 Average Sandwich panels, plain front Few partitions, small office area, acoustic tile and vinyl composition Adequate lighting and restrooms Package A.C. 672.74 5.21 62.50 Low cost Steel panels, partly finished on Drywall, few partitions, minimum Minimum lighting and plumbing interior, small front finish and office Forced air 495.14 3.83 46.00 WAREHOUSE DISCOUNT STORES (458 C Good Brick, block, tilt -up, open frame, Plaster or drywall, partitioned offices, Fluorescent lighting, adequate Package A.C. plain front good finished ceilings, vinyl floor outlets and restrooms, good extras 775.00 6.00 72.00 592.01 4.58 55.00 Average Average block or tilt -up, open pipe Painted walls, some partitions, office Adequate lighting, restrooms, Forced air or wood columns, some trim area, vinyl composition and acoustic small snack bar or deli/fast food 449.39 3.48 41.75 Low cost Cheap block or tilt -up, light Unfinished, shell type, few concrete floor Minimum code throughout Space heaters panelized roof, no glass storefront partitions, Good Fluorescent lighting,adequate Stucco or siding, open frame, plain Plaster or drywall, partitioned offices,Package A.C. front good finished ceilings, vinyl floor outlets and restrooms, good extras 710.42 5.50 66.00 Average Stucco or siding, open frame, Painted walls, some partitions, office Adequate lighting, restrooms, Forced air small front, some trim area, vinyl composition and acoustic small snack bar or deli/fast food 535.50 4.14 49.75 D Low cost Siding on box frame plain, no glass except or studs, very entry door Unfinished, shell type, few Minimum code throughout Space heaters partitions, concrete floor 400.96 3.10 37.25 D POLE Low cost Metal panels on light very plain, no glass pole -frame, Unfinished, shell type, few Minimum code throughout Space heaters storefront partitions, concrete floor 379.43 2.94 35.25 S Good Steel frame, sandwich panels, Plaster or drywall, partitioned offices, Fluorescent lighting, adequate Package A.C. plain front good finished ceilings, vinyl floor outlets and restrooms, good extras 683.51 5.29 63.50 Average Pre-engineered frame and siding, Painted walls, some partitions, office Adequate lighting, restrooms, Forced air small front, some trim area, vinyl composition and acoustic small snack bar or deli/fast food 527.43 4.08 49.00 _ Low cost Single wall on light frame, plain, no glass except very entry door Unfinished, shell type, few Minimum code throughout Space heaters partitions, concrete floor 409.03 3.17 38.00 NOTES: Lumberyard storage buildings and other miscellaneous shelters can be found in Section 17. For parking structures, see Section 14. For surface parking lots, see Section 66. Nursery netted shade canopies cost 6.31 to 9.51 per square foot (67.92 to 102.36 per square meter). MULTISTORY BUILDINGS Add 0.5% (1/2%) for each story over three, above ground, to all base costs, excluding mezzanines. SPRINKLERS ELEVATORS Add for sprinkler systems from Page 40. Add for elevators from Page 39. MARSHALL VALUATION SERVICE The data included on this page becomes obsolete after update delivery, scheduled for May 2022. 2020 CoreLogic®, Inc. and it licensors, all rights reserved. Any reprinting, distribution, creation of derivative works, and/or public displays is strictly prohibited. S/2020R CALCULATOR METHOD Climate Central refrigeration with ducts and 62.22 zone control Package refrig. (short ductwork) Central evaporative (with ducts) Package refrigeration Evaporative coolers 42.52 30.78 SECTION 13 PAGE 39 May 2020 STORES AND COMMERCIAL BUILDINGS REFINEMENTS On this page and the next are means of making adjustments to the base costs given in this section. The component parts which are not defined, such as the roof or foundation, are considered to be commensurate with the general quality of the building. If further refinements are required or the construction is unusual, either price entirely or partially by the Segregated Cost System, Section 43. Special items which should be added to the total cost may be added from the Unit -in -Place cost sections. HEATING AND COOLING These costs are averages of the total installed costs of the entire heating or cooling installation including its prorated share of the contractors' overhead and profit and architects' fees. If the heating found in the building being appraised is different from that indicated for the base being used, take the difference between the costs of the two and add to or subtract from the base square foot or meter cost. If a cubic foot cost is used, use one -twelfth the difference shown to adjust the base cubic foot cost. All of the heating costs included in the base costs are those listed under "Moderate Climate". For specific systems costs not found below, see Section 43 or 53. COOLING ONLY Cooling costs in commercial buildings are dependent on the summer heat load, types of walls and roof, traffic, density of occupancy, etc. In general, the following figures will serve as a guide for picking the proper cost of separate cooling. TYPE SQUARE METER COSTS SQUARE FOOT COSTS Mild Moderate Extreme Mild ModerateExtreme Climate Climate Climate Climate Climate 86.76 121.09 58.56 80.51 39.29 50.05 5.78 3.95 2.86 8.06 5.44 3.65 1970.00 to 2525.00 per ton of rated capacity 272.00 to 451.00 per thousand CFM of rated capacity 11.25 7.48 4.65 VENTILATION ONLY Ventilation (blowers and ducts) 11.09 15.07 20.45 1.03 1.40 1.90 ELEVATORS Lump -sum cost per elevator plus the cost per stop or landing including the ground level. Use the cost per stop for basement and mezzanine stops. See Section 58 for more detailed costs, observation cars and moving -walk or dumbwaiter costs. TYPE Low Average Good Excellent Passenger, base cost, two to three stories 46600.00 55250.00 64750.00 76500.00 four stories and over 81250.00 92750.00 106000.00 122000.00 add, cost per stop 6800.00 7800.00 8950.00 10300.00 Freight, base cost, two to three stories 35900.00 47500.00 62750.00 83000.00 four stories and over 70500.00 89250.00 113000.00 144000.00 add, cost per stop, manual doors 9100.00 9950.00 10900.00 11700.00 power doors 15900.00 17300.00 18800.00 20400.00 Escalators, each stairway 189000.00 202000.00 217000.00 233000.00 Vertical wheelchair lifts, each 11700.00 15600.00 20500.00 27100.00 TYPE HEATING ONLY SQUARE METER COSTS Mild Moderate Extreme Mild Moderate Extreme Climate Climate Climate Climate Climate Climate SQUARE FOOT COSTS Electric, baseboard or cable 33.48 46.93 65.66 radiant panel 30.78 38.64 48.55 Electric wall heaters (inc. FWA) 16.36 20.88 26.69 34.77 49.84 71.58 Forced air furnace Hot water, baseboard/convector radiant floor or ceiling Space heaters, w/fan radiant Steam (including boiler) (without boiler) Wall or floor furnace 60.06 89.13 132.40 54.79 88.69 143.70 13.02 21.31 34.77 17.01 26.69 41.76 54.79 76.42 106.46 43.70 63.18 91.49 17.65 23.03 30.03 3.11 2.86 1.52 3.23 5.58 5.09 1.21 1.58 5.09 4.06 1.64 4.36 3.59 1.94 4.63 8.28 8.24 1.98 2.48 7.10 5.87 2.14 HEATING AND COOLING - EXCEPT RESTAURANTS AND MALLS Package A.C. (short ductwork) . Warm and cool air (zoned) Hot and chilled water (zoned) Heat -pump system add for ground -loop heat source Individual thru-wall heat pumps 60.06 93.54 145.31 85.36 127.55 191.06 149.08 207.74 287.93 65.66 104.73 166.84 17.01 30.68 54.79 28.95 49.08 83.31 5.58 7.93 13.85 6.10 1.58 2.69 Small individual heat pumps cost 1710.00 to 2450.00 per ton of rated capacity. NOTE: For reclaim heat systems, use mild to moderate climate costs. NOTE: For fireplaces and built-in appliances, see Section 11. 8.69 11.85 19.30 9.73 2.85 4.56 6.10 4.51 2.48 6.65 12.30 13.35 3.23 3.88 9.89 8.50 2.79 13.50 17.75 26.75 15.50 5.09 7.74 MARSHALL VALUATION SERVICE The data included on this page becomes obsolete after update delivery, scheduled for May 2022. © 2020 CoreLogic®, Inc. and it licensors, all rights reserved. Any reprinting, distribution, creation of derivative works, and/or public displays is strictly prohibited. 5/2020 SECTION 13 PAGE 40 May 2020 CALCULATOR METHOD STORES AND COMMERCIAL BUILDINGS EXTERIOR BALCONIES Balcony costs include the supporting structure, decking and rails. Aply costs to the balcony area. TYPE Low Average Good Excellent Concrete 21.80 28.25 36.50 47.75 Steel 19.80 27.25 37.50 51.50 Wood 17.10 23.30 31.75 43.25 Add for ornate finishes, balustrades 18.10 22.70 28.50 35.50 Add for roofs or awnings 11.25 14.95 19.80 26.25 CANOPIES This is the cantilevered portioned of a building that extends over an entrance. The distance that the canopy is cantilevered should be considered when selecting a rank. TYPE Low Average Good Excellent Wood frame 27.50 34.25 42.75 53.00 Light false -mansard 13.75 17.15 21.40 26.50 Steel frame 33.25 42.25 54.00 69.00 Light false -mansard 16.65 21.15 27.00 34.50 SPRINKLERS Sprinkler costs include all costs for the system and supply lines, but not tanks, towers, or high- pressure pumps. The square foot costs listed are based on the total area of sprinkler system installation on a single main connection including its prorated share of the contractors' overhead and profit and architects' fees. For a more specific cost, see Section 43 or 53. Sprinklers should not be modified for size or shape. COVERAGE Square feet WET SYSTEMS Low Avg. Good Excel. 1,000 4.46 5.29 6.28 7.46 2,000 4.03 4.75 5.59 6.58 3,000 3.78 4.44 5.22 6.13 5,000 3.49 4.09 4.79 5.62 10,000 3.14 3.65 4.25 4.95 15,000 2.94 3.42 3.97 4.61 20,000 2.82 3.27 3.79 4.40 30,000 2.66 3.07 3.54 4.09 50,000 2.47 2.83 3.25 3.73 75.000 2.29 2.63 3.02 3.47 2.19 2.51 2.88 3.30 2.06 2.36 2.70 3.09 200,000 1.99 2.26 2.58 2.93 300,000 1.86 2.11 2.40 2.72 400,000 1.79 2.02 2.28 2.58 600,000 1.67 1.89 2.13 2.41 800,000 1.62 1.82 2.04 2.29 1,000.000 1.56 1.75 1.96 2.20 100,000 150,000 Low 5.77 5.15 4.81 4.44 3.95 3.69 3.52 3.30 3.04 2.82 2.69 2.53 2.42 2.25 2.14 2.00 1.93 1.86 DRY SYSTEMS Avg. Good Excel. 6.85 8.14 9.66 6.07 7.15 8.43 5.65 6.64 7.81 5.20 6.09 7.13 4.60 5.35 6.23 4.28 4.97 5.77 4.08 4.73 5.48 3.81 4.40 5.08 3.49 4.00 4.59 3.23 3.71 4.25 3.08 3.53 4.05 2.89 3.31 3.78 2.75 3.12 3.55 2.55 2.90 3.29 2.42 2.73 3.09 2.26 2.55 2.88 2.17 2.44 2.74 2.09 2.34 2.62 MARSHALL VALUATION SERVICE The data included an this page becomes obsolete after update delivery, scheduled for May 2022. <' 2020 CoreLogic®, Inc. and it licensors, all rights reserved. Any reprinting, distribution, creation of derivative works, and/or public displays is strictly prohibited. 5/2020 CALCULATOR METHOD SECTION 13 PAGE 41 May 2020 STORES AND COMMERCIAL BUILDINGS FLOOR AREA/PERIMETER MULTIPLIERS AVERAGE FLOOR AREA M. Sq.M. Sq. Ft. FT. 46 500 70 750 93 1,000 139 1,500 186 2,000 232 2,500 279 3,000 372 4,000 465 5,000 557 6,000 650 7,000 743 8,000 836 9,000 929 10,000 1,115 12,000 1,301 14,000 1,486 16,000 1,672 18,000 1,858 20,000 2,323 25,000 2,787 30,000 3,252 35,000 3,716 40,000 4,181 45,000 15 23 30 38 46 50 75 100 125 150 1.183 1.376 1.566 1.753 1.042 1.183 1.322 1.445 1.566 .969 1.079 1.183 1.283 1.376 .892 .969 1.042 1.115 1.183 .854 .912 .969 1.025 1.079 . 831 .878 .924 .969 1.011 .815 .854 .892 .931 .969 . 854 .883 .912 .854 .878 a la AVERAGE PERIMETER 53 61 76 91 107 122 137 152 183 213 244 175 200 250 300 350 400 450 500 600 700 800 1.470 1.566 1.753 - - 1.256 1.322 1.445 1.566 - 1.130 1.183 1.283 1.376 - 1.054 1.097 1.183 1.270 1.351 - 1.005 1.042 1.115 1.183 1.256 1.322 .941 .969 1.025 1.079 1.131 1.183 1.232 .901 .924 .969 1.011 1.054 1.097 1.140 1.183 - .873 .892 .931 .969 1.005 1.042 1.079 1.115 1.183 - - - .870 .904 .937 .969 1.000 1.030 1.060 1.121 1.183 .883 .912 .941 .969 .997 1.025 1.079 1.131 1.183 .892 .917 .943 .969 .992 1.042 1.087 1.134 .878 .901 .925 .948 .969 1.011 1.054 1.097 - - .873 .892 .912 .931 .969 1.005 1.042 .870 .886 .904 .937 .969 1.000 .854 .868 .883 .912 .941 .969 . 854 .866 .892 .917 .943 --- - .843 .854 .878 .901 .924 -- -- --- .831 .850 .868 .887 --- - .831 .847 .862 .831 .845 .820 .831 .821 M. FT. AVERAGE FLOOR AREA Sq. Ft. 500 750 1,000 1,500 2,000 2,500 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 12,000 14,000 16,000 18,000 20,000 25,000 30,000 35,000 40,000 45,000 Sq. M. 46 70 93 139 186 232 279 372 465 557 650 743 836 929 1,115 1,301 1,486 1,672 1,858 2,323 2,787 3,252 3,716 4,181 AVERAGE FLOOR AREA Sq.M. 836 929 1,115 1,301 1,486 1,672 1,858 2,323 2,787 3,252 3,716 4,181 4,645 5,574 6,503 7,432 8,361 9,290 11,613 13,935 Sq. Ft. 9,000 10,000 12,000 14,000 16,000 18,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 60,000 70,000 80,000 90,000 100,000 125,000 150,000 M. FT. AVERAGE PERIMETER 274 305 335 366 396 427 457 900 1000 1100 1200 1300 1400 1500 1.183 1.230 1.276 1.140 1.183 1.223 - 1.079 1.117 1.153 1.183 - 1.030 1.060 1.090 1.121 1.150 - - .997 1.025 1.053 1.080 1.106 .969 .992 1.016 1.040 1.064 1.087 .948 .969 .990 1.011 1.032 1.054 .906 .925 .942 .959 .977 .995 1.011 . 878 .894 .909 .925 .939 .954 .969 .859 .872 .884 .898 .912 .925 .937 .843 .854 .866 .878 .890 .901 .913 .831 .842 .852 .862 .871 .881 .892 .831 .841 .850 .859 .868 .877 . 815 .823 .831 .839 .847 .854 . 803 .810 .817 .824 .831 .838 . 800 .807 .814 .820 .825 .799 .804 .810 .815 .792 .797 .802 .807 .788 .792 .781 488 518 549 579 610 671 731 792 1600 1700 1800 1900 2000 2200 2400 2600 . 950 .925 .903 .887 .862 . 845 .831 .821 .812 .796 .785 .936 .914 . 897 . 869 .852 .837 .826 . 816 .800 . 789 .925 .906 .876 . 858 .843 .831 . 821 . 804 .792 .884 .864 .849 .836 .826 .808 .796 . 872 .854 .842 .831 . 812 . 799 .866 .852 .841 . 820 . 806 . 861 . 850 .828 . 812 914 M. 3000 FT. .859 .836 .850 .819 .831 AVERAGE FLOOR AREA Sq. Ft. 9,000 10,000 12,000 14,000 16,000 18,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 60,000 70,000 80,000 90,000 100,000 125,000 150,000 Sq. M. 836 929 1,115 1,301 1,486 1,672 1,858 2,323 2,787 3,252 3,716 4,181 4,645 5,574 6,503 7,432 8,361 9,290 11,613 13,935 MARSHALL VALUATION SERVICE © 2020 CoreLogic®, Inc. and it licensors, all rights reserved. Any reprinting, distribution. creation of derivative works, and/or public displays is strictly prohibited. 5/2020 SECTION 13 PAGE 42 May 2020 CALCULATOR METHOD STORES AND COMMERCIAL BUILDINGS *FLOOR AREA/PERIMETER MULTIPLIERS AVERAGE FLOOR AREA M. Sq.M. Sq. Ft. FT. 18,580 200,000 20,903 225,000 23,226 250,000 25,548 275,000 27,871 300,000 30,193 325,000 32,516 350,000 34,838 375,000 37,161 400,000 39,483 425,000 41,806 450,000 44,129 475,000 46,451 500,000 488 1600 .767 .762 .759 549 1800 .773 .767 .762 .760 610 2000 .780 .773 .767 .763 .760 671 792 914 2200 2600 3000 .786 .797 .807 .779 .790 .799 .772 .783 .792 .767 .776 .786 .763 .771 .780 .760 .767 .775 .758 .764 .770 .761 .767 .759 .765 .762 .760 AVERAGE PERIMETER 1067 1219 1372 1524 1676 1829 1981 3500 4000 4500 5000 5500 6000 6500 . 819 .831 . 810 .821 . 802 .812 .821 . 796 .805 .814 .822 . 791 .799 .807 .815 .823 .785 .794 .801 .809 .816 .824 . 780 .789 .796 .803 .811 .817 .824 . 776 .785 .792 .799 .806 .812 .819 .771 .780 .788 .795 .800 .807 .814 .769 .776 .784 .791 ./97 .802 .809 . 766 .773 .780 .787 .793 .799 .804 .763 .770 .777 .784 .790 .795 .800 .761 .767 .773 .780 .786 .792 .797 AVERAGE 2133 2286 2438 M. FLOOR AREA 7000 7500 8000 FT. Sq. Ft. Sq. M. 200,000 18,580 225,000 20,903 250,000 23,226 275,000 25,548 300,000 27,871 325,000 30,193 350,000 32,516 .825 375,000 34,838 .820 .825 400,000 37,161 .814 .820 425,000 39,483 .810 .815 .821 450,000 41,806 .806 .811 .816 475,000 44,129 .802 .807 .812 500,000 46,451 *For larger centers, enter table with half the average floor area and half the average perimeter. STORY HEIGHT MULTIPLIERS Multiply the base cost by the following multipliers for any variation in average story height from the base of 12 feet (3.66 meters). For extremely high-pitched roofs (see Section 10), use the height of the eaves plus one-half the height from the eaves to the ridge as the effective height. In some buildings it is better to compute the total volume and divide by the total square footage of floor area to obtain an effective height to use. AVERAGE WALL SQUARE FOOT OR CUBIC HEIGHT SQUARE METER FOOT (M.) (FT.) 2.44 8 2.74 9 3.05 10 3.35 11 3.66 12 3.96 13 MULTIPLIERS .915 .936 .957 .979 1.000 (base) 1.021 MULT. 1.373 1.248 1.148 1.068 1.000 .942 AVERAGE WALL SQUARE FOOT OR CUBIC AVERAGE WALL SQUARE FOOT OR CUBIC HEIGHT SQUARE METER FOOT (M.) 4.27 4.57 4.88 5.49 6.10 6.71 (FT.) 14 15 16 18 20 22 MULTIPLIERS 1.042 1.064 1.085 1.127 1.170 1.213 MULT. .893 .851 . 814 .751 . 702 .662 HEIGHT SQUARE METER FOOT (M.) (FT.) 7.31 24 7.92 26 8.53 28 9.14 30 9.75 32 10.36 34 MULTIPLIERS 1.255 1.298 1.340 1.383 1.425 1.468 MULT. . 628 . 599 . 574 . 553 .534 .518 MARSHALL VALUATION SERVICE 2020 CoreLogic®, Inc. and it licensors. all rights reserved. Any reprinting, distribution, creation of derivative works, acrd/or public displays is strictly prohibited. 5/2020 LIFE EXPECTANCY GUIDELINES SECTION 97 PAGE 11 December 2020 OCCUPANCY CLASS TYPICAL BUILDING LIVES A B C D S SEC I IONS 12 & 42, RESIDENCES, MULTIPLES (GARDEN APTS.) AND MOTFLS (Continued) Single-family, historical residences, excellent good and very good low cost, fair and average Town and row houses, excellent good average low cost and fair Tropical houses, good average low cost Yurts, good average low cost SECTIONS 13 & 43, STORES AND COMMERCIAL BUILDINGS 70 65 65 60 60 55 60 55 55 50 50 55 50 50 50 45 55 50 45 30 20 15 ineleme Banquet halls, excellent 50 45 good 45 40 40 average — 40 35 35 low cost 35 30 30 Barber and beauty shops, good 45 45 40 35 35 low cost and average 40 40 35 30 30 Bars and taverns, good 45 40 average 45 45 40 40 40 low cost 40 35 35 Cafeterias, excellent 45 40 good 45 45 35 35 35 low cost and average 40 40 35 30 30 Cocktail lounges, good and excellent 45 45 40 40 40 average 40 40 40 35 35 low cost 35 35 35 Convenience stores, excellent 45 40 40 average and good 45 45 40 35 35 low cost 35 30 30 Mini -marts, good and excellent 40 35 30 low cost and average 35 30 25 Dairy sales buildings, average 35 30 30 Department stores, good and excellent 55 55 50 low cost and average 50 50 45 mall anchor stores, average and good 50 50 45 40 low cost 45 45 40 35 35 Dining atriums and playrooms, good to excellent 35 35 35 low cost and average - - 30 30 30 cheap 10 Discount stores, good 40 35 35 low cost and average 40 40 35 30 30 Drug stores, excellent 45 40 average and good 45 45 40 35 low cost --- 35 30 30 Fast-food restaurants, very good and excellent 40 40 35 35 35 low cost, average and good 35 35 30 30 30 Florist shops, excellent 45 40 40 average and good 50 50 40 35 35 low cost 35 30 30 Kiosks, miscellaneous stands 5 to 20 years OCCUPANCY CLASS A BCDS SECTIONS 13 & 43, STORES AND COMMERCIAL BUILDINGS (Continued) Laundry/dry cleaning, good 45 40 40 average - 40 35 35 Laundromats, average 35 30 30 Luxury boutiques, good 60 60 55 50 low cost and average 55 55 50 45 Markets and supermarkets, excellent — 45 40 40 average and good 40 40 40 35 35 low cost 35 30 30 Modular, resturants excellent 35 low cost, average and good 30 Restaurants, very good and excellent 45 45 40 40 40 average and good 40 40 35 35 35 low cost 30 30 30 Retail stores, good and excellent 55 55 50 45 45 average 50 50 45 40 40 low cost 45 45 40 40 40 Roadside markets, excellent 40 35 35 good 35 30 30 average 30 25 25 low cost 20 20 cheap 15 Shopping centers, neighborhood, good 45 40 average 40 35 35 low cost 35 30 30 community, good and excellent 50 45 45 average 45 40 40 regional, good and excellent 55 55 55 50 average 50 45 45 regional discount, good 50 50 50 45 average 45 45 45 40 40 mixed retail centers with office/residential units, good 50 45 low cost and average 45 40 Snack bars, excellent 35 35 good — 35 30 average 30 25 25 low cost 25 20 20 cheap 20 15 15 Truck stop restaurants, good 35 35 35 average 30 30 30 Warehouse discount stores, good 35 30 30 low cost and average 30 30 30 mega discount, average and good 35 30 low cost — 30 30 food, good 40 35 35 average 35 30 30 low cost 30 30 30 showroom, good 40 35 35 low cost and average 35 30 30 Winery shops, excellent 50 45 good 45 40 average - 40 35 35 low cost 35 30 30 MARSHALL VALUATION SERVICE © 2020 CoreLogic®, Inc. and its. licensors, all rights reserved. Any reprinting, distribution, creation of derivative works, and/or public displays is strictly prohibited. 12/2020 SECTION 97 PAGE 24 December 2020 DEPRECIATION - COMMERCIAL PROPERTIES EFFECTIVE AGE IN YEARS 70 TYPICAL 60 50 LIFE EXPECTANCY 45 40 IN 35 YEARS 30 25 20 55 DEPRECIATION - PERCENTAGE 1 0 0 0 0 1 1 1 2 2 3 2 0 1 1 1 1 2 2 3 5 7 3 0 1 1 1 2 3 4 5 7 10 4 1 1 1 2 3 4 5 7 10 14 5 1 1 2 3 4 5 6 9 13 18 6 1 2 2 3 4 6 8 11 16 22 7 I 1 2 3 4 5 7 10 14 19 26 8 1 2 3 5 6 8 11 16 22 30 9 2 3 4 5 7 10 13 18 25 35 10 2 3 4 6 8 11 15 21 29 40 11 2 4 5 7 9 13 17 24 32 45 12 2 4 6 8 10 14 19 26 36 50 13 2 5 6 9 12 16 22 29 40 55 14 3 5 7 10 13 18 24 32 44 60 15 3 6 8 11 14 20 26 35 48 65 16 3 7 9 12 16 22 28 39 52 69 17 4 7 10 13 18 24 31 42 56 73 18 4 8 11 14 19 26 34 46 60 76 19 4 9 12 16 21 28 36 49 64 78 20 5 9 13 17 23 30 39 53 68 79 21 5 10 14 18 25 32 42 57 71 80 22 6 11 15 20 27 35 45 60 73 23 6 12 16 21 29 37 48 63 75 24 7 13 17 23 31 40 52 66 77 25 7 14 19 25 33 43 55 69 79 26 8 15 20 27 35 46 58 72 80 27 9 16 21 28 37 49 61 75 28 9 17 23 30 40 52 64 77 29 I 10 18 24 32 42 54 68 78 30 11 20 26 34 45 57 72 79 32 34 13 u 15 22 25 30 34 38 43 50 55 62 68 75 77 80 36 I 17 28 38 48 61 73 79 38 I 19 32 42 53 67 77 80 40 21 35 46 59 72 79 42 25 39 51 65 75 80 PROPERTIES INCLU 44 I 28 43 56 70 77 Section 11 All apartments. hotels, reso 46 I 31 48 60 74 78 Section 12 Motels, lodges, large multip 48 50 34 38 53 58 64 68 77 79 79 80 Section 13 All Section 14 All Section 15 All except libraries 55 48 67 75 80 Section 16 All except churches and fra 60 57 74 78 Section 17 All commercial and industri 65 I 65 78 80 Section 18 None Section 64 All commercial and industri 70 75 I 71 I 75 80 For lives less than 20 years, see Page ' 80 1 78 EFFECTIVE AGE IN YEARS 70 60 TYPICAL 55 50 REMAINING LIFE EXPECTANCY IN YEARS 45 40 35 30 LIFE EXPECTANCY - YEARS 25 20 1 69 59 54 49 44 39 34 29 24 19 2 68 58 53 48 43 38 33 28 23 18 3 I 67 57 52 47 42 37 32 27 22 17 4 I 66 56 51 46 41 36 31 26 21 16 5 65 55 50 45 40 35 30 25 20 15 6 64 54 49 44 39 34 29 24 19 14 7 I 63 53 48 43 38 33 28 23 18 13 8 I 62 52 47 42 37 32 27 22 17 12 9 I 61 51 46 41 36 31 26 21 16 11 10 60 50 45 40 35 30 25 20 15 10 11 59 49 44 39 34 29 24 19 14 9 12 58 48 43 38 33 28 23 18 13 8 13 I 57 47 42 37 32 27 22 17 12 7 14 I 56 46 41 36 31 26 21 16 11 6 15 I 55 45 40 35 30 25 20 15 10 5 16 54 44 39 34 29 24 19 14 9 4 17 I 53 43 38 33 28 23 18 13 8 4 18 I 52 42 37 32 27 22 17 12 7 3 19 I 51 41 36 31 26 21 16 11 6 2 20 50 40 35 30 25 20 15 10 5 2 21 49 39 34 29 24 19 14 9 5 2 22 I 48 38 33 28 23 18 13 8 4 23 I 47 37 32 27 22 17 12 7 3 24 I 46 36 31 26 21 16 11 6 3 25 45 35 30 25 20 15 10 6 2 26 44 34 29 24 19 14 9 5 2 27 I 43 33 28 23 18 13 8 4 28 I 42 32 27 22 17 12 7 4 29 I 41 31 26 21 16 11 7 3 30 40 30 25 20 15 10 6 3 32 38 28 23 18 13 8 5 2 34 36 26 21 16 11 7 4 36 34 24 19 14 10 6 3 38 32 22 17 12 8 5 2 40 30 20 15 10 7 4 42 28 18 13 9 6 3 44 26 16 12 8 5 orts 46 I 24 14 10 7 4 48 I 22 13 9 6 3 50 20 11 8 5 3 igs. 55 16 8 6 3 60 I 12 6 4 65 I 9 4 3 70 I 7 3 75 5 80 4 DED its les & re ternal bl al uses iI uses 6. MARSHALL VALUATION SERVICE v 2020 CoreLogice, Inc. and its licensors. all rights reserved. Any reprinting, distribution, creation of derivative works, and/or public displays is strictly prohibited. I2/202(/ LOCAL MULTIPLIERS SECTION 99 PAGE 7 April 2020 CLASS COLORADO Aspen Boulder Colorado Springs Costilla County Denver Durango Eagle Co_ (x/resort areas) Fort Collins Grand Junction Greeley Gunnison County Kit Carson County Logan County Longmont Loveland Moffat County Montrose County Prowers County Pueblo Steamboat Springs Vail CONNECTICUT Bridgeport Bristol Danbury Fairfield Greenwich Hartford Meriden Middletown Milford New Britain New Haven New London Norwich Stamford Waterbury Windsor Locks Apply to costs brought up-to-date from preceding pages. Do not apply to Section 98 or any other indexes. UNITED STATES A B C D S 1.02 1.02 1.02 1.01 1.02 1.13 1.13 1.12 1.12 1.13 0.99 0.99 0.98 0.98 0.98 1.00 1.00 0.97 0.98 0.99 0.89 0.88 0.88 0.88 0.89 1.01 1.00 1.00 1.00 1.02 0.94 0.91 0.92 0.90 0.93 0.97 0.95 0.95 0.95 0.96 0.99 1.00 1.01 0.99 1.00 0.99 0.97 0.97 0.97 0.99 1.00 0.99 1.01 1.00 0.99 0.97 0.98 0.98 0.98 0.98 0.90 0.89 0.90 0.90 0.90 0.91 0.91 0.91 0.90 0.90 0.98 0.98 1.00 0.99 0.99 0.9/ 0.98 1.01 0.99 0.98 0.91 0.92 0.91 0.91 0.92 0.93 0.91 0.92 0.89 0.92 0.91 0.90 0.90 0.91 0.91 0.97 0.96 0.95 0.95 0.95 1.19 1.17 1.17 1.16 1.15 1.16 1.16 1.15 1.14 1.15 1.17 1.18 1.17 1.17 1.17 1.19 1.20 1.20 1.20 1.21 1.15 1.17 1.16 1.13 1.16 1.18 1.20 1.20 1.22 1.20 1.16 1.17 1.19 1.19 1.18 1.32 1.30 1.26 1.28 1.34 1.19 1.20 1.20 1.19 1.18 1.14 1.16 1.15 1.15 1.14 1.14 1.16 1.17 1.16 1.13 1.12 1.12 1.10 1.11 1.13 1.17 1.17 1.16 1.15 1.13 1.17 1.17 1.16 1.13 1.16 1.11 1.12 1.10 1.15 1.10 1.11 1.12 1.11 1.13 1.10 1.30 1.30 1.25 1.29 1.33 1.15 1.15 1.11 1.10 1.14 1.17 1.18 1.16 1.15 1.16 DELAWARE 1.12 1.09 1.10 1.11 1.10 Dover 1.09 1.07 1.07 1.07 1.07 Wilmington 1.14 1.11 1.12 1.14 1.13 DIST. OF COLUMBIA 1.08 1.10 1.06 1.05 1.06 FLORIDA Bradenton Brevard County Broward County Dade County Daytona Beach Fort Myers Fort Pierce Gainesville Jacksonville Key West Lakeland Marathon 0.96 0.96 0.95 0.94 0.96 0.98 0.98 0.95 0.96 0.98 0.96 0.96 0.92 0.92 0.94 0.95 0.97 0.96 0.96 0.98 0.93 0.95 0.96 0.95 0.98 0.93 0.94 0.93 0.91 0.93 0.94 0.93 0.93 0.93 0.95 0.96 0.94 0.92 0.92 0.96 0.94 0.95 0.95 0.92 0.94 0.95 0.96 0.96 0.95 0.96 1.12 1.12 1.14 1.11 1.11 0.96 0.96 0.96 0.95 0.96 1.07 1.06 1.08 1.05 1.09 CLASS FLORIDA (Continued) Miami Naples Ocala Orlando Palm Beach Panama City Pensacola Pinellas County Sarasota Tallahassee Tampa Vero Beach GEORGIA Albany Athens Atlanta Augusta Columbus Macon Rome Savannah Valdosta HAWAII Hilo Kauai Maui Oahu IDAHO Boise Caldwell Coeur d' Alene Idaho Falls Lewiston Moscow Pocatello Twin Falls ILLINOIS Alton Aurora Belleville Bloomington Carbondale Centralia Champaign Chicago Danville De Kalb Decatur East St. Louis Elgin Evanston Galesburg Joliet Kankakee Marion Moline A BCDS CLASS 0.93 0.95 0.96 0.95 0.98 0.94 0.95 0.93 0.93 0.95 0.94 0.94 0.94 0.92 0.94 0.97 0.97 0.96 0.95 0.95 0.99 0.97 0.96 0.97 1.00 0.80 0.82 0.80 0.82 0.81 0.84 0.83 0.83 0.86 0.85 1.00 1.00 0.98 0.98 0.99 0.98 0.99 0.95 0.98 0.98 0.93 0.93 0.92 0.92 0.94 1.00 1.00 0.98 0.98 0.98 0.97 0.96 0.92 0.90 0.95 0.90 0.90 0.86 0.85 0.87 0.88 0.88 0.82 0.82 0.85 0.93 0.93 0.88 0.85 0.89 0.96 0.96 0.93 0.93 0.94 0.91 0.90 0.84 0.82 0.85 0.89 0.89 0.84 0.82 0.84 0.90 0.90 0.87 0.86 0.88 0.92 0.92 0.89 0.87 0.88 0.87 0.88 0.87 0.87 0.88 0.83 0.84 0.81 0.82 0.82 1.59 1.66 1.64 1.66 1.62 1.63 1.70 1.68 1.71 1.68 1.75 1.82 1.80 1.82 1.78 1.51 1.58 1.56 1.57 1.53 1.48 1.55 1.51 1.52 1.49 1.03 1.02 1.02 1.01 1.04 1.05 1.01 1.04 1.03 1.04 1.02 0.99 1.03 1.02 1.02 1.06 1.07 1.04 1.02 1.08 1.01 1.01 1.03 1.01 1.04 1.04 1.03 1.00 0.98 1.04 1.05 1.05 1.00 0.99 1.05 0.98 0.99 0.98 0.97 1.01 1.01 1.02 1.03 1.03 1.03 1.14 1.16 1.15 1.15 1.14 1.04 1.06 1.08 1.07 1.04 1.23 1.25 1.26 1.25 1.23 1.09 1.12 1.13 1.10 1.07 1.08 1.13 1.11 1.13 1.12 1.10 1.10 1.09 1.08 1.08 1.09 1.07 1.09 1.08 1.08 1.09 1.10 1.10 1.11 1.11 1.28 1.29 1.28 1.28 1.27 1.10 1.11 1.10 1.11 1.11 1.22 1.24 1.24 1.23 1.22 1.07 1.09 1.09 1.10 1.08 1.08 1.10 1.11 1.11 1.08 1.24 1.25 1.24 1.25 1.24 1.25 1.26 1.26 1.25 1.24 1.11 1.11 1.09 1.10 1.10 1.23 1.25 1.25 1.25 1.22 1.26 1.27 1.26 1.29 1.27 1.10 1.10 1.09 1.08 1.09 1.07 1.06 1.06 1.05 1.06 ILLINOIS (Continued) Normal Peoria Quincy Rock Island Rockford Skokie Springfield Urbana Waukegan INDIANA Anderson Bloomington Columbus Elkhart Evansville Fort Wayne Gary Hammond Indianapolis Kokomo Lafayette Logansport Marion Michigan City Muncie Richmond South Bend Terre Haute IOWA Burlington Cedar Rapids Council Bluffs Davenport Des Moines Dubuque Fort Dodge Iowa City Mason City Sioux City Waterloo KANSAS Dodge City Fort Scott Garden City Goodland Hays Kansas City Lawrence Liberal Manhattan Olathe Overland Park Pittsburg Salina Topeka Wichita A BCDS 1.09 1.13 1.12 1.14 1.13 1.09 1.12 1.11 1.11 1.10 1.10 1.15 1.14 1.13 1.12 1.09 1.08 1.07 1.09 1.08 1.14 1.18 1.16 1.16 1.14 1.27 1.27 1.28 1.29 1.27 1.08 1.10 1.11 1.11 1.10 1.09 1.10 1.10 1.11 1.11 1.24 1.26 1.26 1.24 1.25 1.03 1.04 1.03 1.03 1.04 0.99 0.97 0.97 0.98 0.99 1.01 1.00 1.00 1.00 1.03 0.99 1.00 0.97 0.98 0.98 1.03 1.04 1.03 1.03 1.05 0.98 1.03 1.01 1.01 1.02 0.98 1.00 0.99 0.98 0.99 1.24 1.25 1.25 1.25 1.25 1.24 1.25 1.25 1.25 1.25 0.99 1.00 1.00 1.01 1.01 1.00 1.01 0.98 1.00 1.00 1.00 1.03 1.00 1.00 1.03 0.96 0.96 0.93 0.94 0.97 0.96 0.97 0.94 0.94 0.97 1.24 1.24 1.23 1.24 1.23 0.97 0.97 0.98 0.99 0.98 0.95 0.96 0.94 0.96 0.97 1.01 1.02 1.03 1.02 1.03 1.01 1.02 1.00 1.01 1.02 1.00 1.00 0.99 1.00 1.00 1.01 1.01 0.98 0.99 1.00 1.00 1.01 0.98 1.00 1.00 0.93 0.96 0.93 0.91 0.93 1.08 1.07 1.07 1.08 1.07 0.98 0.96 0.97 0.97 0.98 1.05 1.06 1.02 1.05 1.03 0.97 0.98 0.98 0.98 0.99 1.01 1.02 0.99 1.02 1.01 1.00 1.03 1.01 1.04 1.02 0.92 0.94 0.92 0.92 0.93 1.00 1.01 0.99 1.00 1.01 0.94 0.94 0.95 0.94 0.95 0.92 0.90 0.93 0.91 0.92 0.91 0.93 0.92 0.94 0.93 0.87 0.86 0.88 0.87 0.87 0.91 0.88 0.89 0.89 0.89 0.87 0.86 0.85 0.83 0.87 1.06 1.08 1.08 1.08 1.07 1.01 1.03 1.04 1.05 1.03 0.85 0.85 0.86 0.84 0.86 0.90 0.93 0.95 0.96 0.93 1.06 1.08 1.08 1.08 1.07 1.06 1.08 1.08 1.08 1.06 0.89 0.90 0.89 0.89 0.90 0.90 0.90 0.91 0.91 0.92 0.98 1.00 0.97 0.95 1.01 0.92 0.89 0.90 0.87 0.92 MARSHALL VALUATION SER VICE The data included on this page becomes obsolete after update delivery, scheduled for July 2020. © 2020 CoreLogic®, inc. and its licensors, all rights reserved. Any reprinting, distribution, creation ul derivative works, and/or public displays is strictly prohibited. 4/2020 MONTHLY GREEN SUPPLEMENT This page supersedes the December 2021 Green Supplement. (Effective Date of Cost Pages) EASTERN CENTRAL WESTERN Sec. Page 51 - 2-3 51 - 4 51 - 7-8 51 - 3,7 52 - 1-4, 6 52 - 5 53 - 1-8 53 - 9-12 54 - 1-6 55 - 3-7 56 - 1-2 56 - 3-6 56 - 7 56 - 8 56 - 8 57 - 1-6 58 - 1 58 - 2-8 Date (3/19) (3/19) (3/19) (3/19) (3/19) (3/19) (6/19) (6/19) (6/19) (8/19) (8/19) (8/19) (8/19) (8/19) (8/19) (9/19) (9/19) (9/19) CURRENT COST MULTIPLIERS SECTION 99 PAGE 3 January 2021 These multipliers bring costs from preceding pages up to date. Also apply Local Multipliers, Section 99, Pages 5 through 10. CALCULATOR COST SECTIONS 11 12 13 14 15 16 17 18 (11/20) (8/20) (5/20) (2/20) (11/19) (8/19) (5/19) (2/19) A 1.05 1.05 1.04 1.03 1.05 1.05 1.06 1.08 B 1.07 1.07 1.05 1.07 1.05 1.07 1.08 1.10 C 1.06 1.06 1.08 1.07 1.09 1.09 1.10 1.07 D 1.05 1.06 1.07 1.06 1.07 1.08 1.07 1.07 S 1.09 1.09 1.08 1.07 1.09 1.07 1.06 1.10 A B C D S A B C D S 1.00 0.99 1.01 1.01 0.98 1.01 1.01 1.03 1.06 1.03 0.99 1.01 1.02 1.03 1.01 1.04 1.03 1.07 1.06 1.03 0.99 1.00 1.03 1.03 1.00 1.05 1.07 1.05 1.07 1.08 1.00 1.01 1.02 1.04 1.02 1.07 1.06 1.08 1.09 1.07 1.00 1.03 1.03 1.06 1.02 1.06 1.07 1.07 1.07 1.06 1.01 1.02 1.02 1.06 1.01 1.04 1.08 1.08 1.06 1.10 1.00 1.01 1.02 1.02 1.03 1.04 1.07 1.07 1.10 1.08 1.01 1.02 1.03 1.04 1.02 1.02 1.05 1.08 1.08 1.05 (Effective Date of Cost Pages) EASTERN CENTRAL WESTERN UNIT -IN -PLACE COST SECTIONS (51 Eastern Central Western Concrete Foundations 1.08 1.03 1.07 Pilings 1.07 1.02 1.07 Steel and Concrete Frame 1.08 1.02 1.07 Wood Foundations, Frame 1.05 1.04 1.09 Interior Construction 1.05 1.04 1.07 Bank Vaults and Equipment 1.09 1.03 1.06 Heating, Cooling & Ventilating 1.06 1.03 1.07 Plumbing, Fire Protection, etc 1.07 1.02 1.09 Electrical, Security 1.03 1.04 1.03 Wall Costs 1.06 1.02 1.08 Stained Glass 1.06 1.03 1.07 Storefronts 1.06 1.03 1.07 Stonework 1.05 1.04 1.09 Columns, Stone & Concrete 1.05 1.04 1.09 Columns, Wood & Aluminum 1.06 1.04 1.09 Roofs 1.05 1.04 1.07 Cold Storage 1.05 1.03 1.08 Elevators, Conveying Systems 1.04 1.01 1.05 Sec. Page Date 61 - 1-8 (12/20) 62 - 1 (6/20) 62 - 2-3, 6 (6/20) 62 - 4 (6/20) 62 - 5 (6/20) 62 - 5 (6/20) 62 - 6 (6/20) 63 - 1-4 (9/20) 63 - 5-10 (9/20) 64 - 1-6 (3/20) 64 - 7-9 (3/20) 64 - 7-8 (3/20) 65 - 1-12 (3/20) 66 - 1 (12/19) 66 - 2-9 (12/19) 66 - 10-11 (12/19) 67 - 1-2 (12/19) 67 - 3-7 (12/19) 70 - 1-32 (1/21) A B C D S A B C D S A B C D S SEGREGATED COST SECTIONS 41 42 43 44 45 46 47 (12/20) (9/20) (6/20) (3/20) (12/19) (9/19) (6/19) 1.05 1.05 1.04 1.03 1.05 1.05 1.06 1.07 1.07 1.05 1.07 1.05 1.07 1.08 1.06 1.06 1.08 1.07 1.09 1.09 1.10 1.05 1.06 1.07 1.06 1.07 1.08 1.07 1.09 1.09 1.08 1.07 1.09 1.07 1.06 1.00 0.99 1.01 1.01 0.98 1.01 1.01 1.03 1.06 1.03 70) 0.99 1.01 1.02 1.03 1.01 1.04 1.03 1.07 1.06 1.03 0.99 1.00 1.03 1.03 1.00 1.05 1.07 1.05 1.07 1.08 1.00 1.01 1.02 1.04 1.02 1.07 1.06 1.08 1.09 1.07 Tanks Industrial Pumps & Boilers Piping Electrical Motors Steel Stacks, Chutes Masonry & Concrete Chimneys Compactors, Incinerators Trailer and Mfg. Housing Parks Manufactured Housing Service Stations, Car Washes Prefabricated Metal Structures Prefab. Wood & Air Structures Equipment Costs Subdivision Costs Yard Improvements Demolition & Remediation Golf Courses Recreational Facilities Green Section 1.00 1.03 1.03 1.06 1.02 1.06 1.07 1.07 1.07 1.06 1.01 1.02 1.02 1.06 1.01 1.04 1.08 1.08 1.06 1.10 1.00 1.01 1.02 1.02 1.03 1.04 1.07 1.07 1.10 1.08 48 (3/19) 1.08 1.10 1.07 1.07 1.10 1.01 1.02 1.03 1.04 1.02 1.02 1.05 1.08 1.08 1.05 Eastern Central Western 1.05 1.10 1.10 1.10 1.10 1.08 1.10 1.08 1.08 1.06 1.09 1.08 1.05 1.08 1.10 1.08 1.07 1.08 1.05 1.03 1.07 1.07 1.07 1.07 1.05 1.07 1.02 1.04 1.08 1.06 1.07 1.06 1.06 1.07 1.05 1.05 1.05 1.00 1.01 0.99 0.99 0.99 0.99 0.99 0.99 1.01 1.02 1.03 1.01 1.03 1.04 1.02 1.03 1.03 1.05 1.03 0.99 MARSHALL VALUATION SERVICE The data included on this page becomes obsolete after update delivery, scheduled for February 2021. © 2021 CoreLogic®, Inc. and its licensors, all rights reserved. Any reprinting, distribution, creation of derivative works, and/or public displays is strictly prohibited. 1/2021 Altus Group -)O Sox 92129 uthlake, TX 76092 S • I -------.tzc: i ?01,9 29?0 0000 1131 0692 FIRST- CLASS it !. t 4 ,crip.. a ! -- US POSTAGE 02 7H $ 009.05° 0001 246652 J UL 1 5 2021 MAILED FRAM ZIP CODE 76248 1d Co acra D-Cqual 1150 S+ree� Giff,\ 1 July 20, 2021 Petitioner: HD DEVELOPMENT OF MARYLAND INC C/O HOME DEPOT USA PROPERTY TAX DEPT PO BOX 105842 ATLANTA, GA 30348-5842 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): ALTUS GROUP US INC ALEX POWELL AND/OR DYLAN BEDFORD PO BOX 92129 SOUTHLAKE, TX 76092-0102 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2021-2214, AS0109 Appeal 2008230335 Hearing 8/4/2021 10:00 AM Account(s) Appealed: R8403700 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 4, 2021, at or about the hour of 10:00 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2021, and mailed to you within five (5) business days. Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to discuss your value with the Assessor's Office, please call them at (970) 400-3650. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by emailing assessor@weldgov.com or sending a fax to (970) 304-6433. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Assessor July 20, 2021 Agent: RE: ALTUS GROUP US INC ALEX POWELL AND/OR DYLAN BEDFORD PO BOX 92129 SOUTHLAKE, TX 76092-0102 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Petitioner: HD DEVELOPMENT OF MARYLAND INC C/O HOME DEPOT USA PROPERTY TAX DEPT PO BOX 105842 ATLANTA, GA 30348-5842 THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2021-2214, AS0109 Appeal 2008230335 Account(s) Appealed: R8403700 Dear Petitioner(s): Hearing 8/4/2021 10:00 AM The Weld County Board of Equalization has set a date of August 4, 2021, at or about the hour of 10:00 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2021, and mailed to you within five (5) business days. Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to discuss your value with the Assessor's Office, please call them at (970) 400-3650. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request to assessor@weldgov.com. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Assessor August 5, 2021 Petitioner: HD DEVELOPMENT OF MARYLAND INC CIO HOME DEPOT USA PROPERTY TAX DEPT PO BOX 105842 ATLANTA, GA 30348-5842 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldqov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): ALTUS GROUP US INC ALEX POWELL AND/OR DYLAN BEDFORD PO BOX 92129 SOUTHLAKE, TX 76092-0102 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2021-2214 Appeal 2008230335 Hearing 8/5/2021 Dear Petitioner: On the day indicated above, the Board of County Commissioners of Weld County Colorado convened and acting as the Board of Equalization, pursuant to C.R.S. §39-8-101 et seq., considered petition for appeal of the Weld County Assessor's valuation of your property described above, for the year 2021. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R8403700 Deny - Administrative Deny $9,137,041 $9,137,041 A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30) days of the date the denial is mailed to you. You must select only one of the following three (3) options for appeal: 1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(2), only the record of proceedings from your hearing before the Board of Assessment Appeals and your legal brief are filed with the appellate court. All appeals to the Board of Assessment Appeals filed after August 10, 2021, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2021, in addition to any other requirements under law, any petitioner appealing either a valuation of rent -producing commercial real property to the Board of Assessment Appeals pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall provide to the County Board of Equalization or to the Board of County Commissioners of the County in the case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable: (A) Actual annual rental income for two full years including the base year for the relevant property tax year; (B) Tenant reimbursements for two full years including the base year for the relevant property tax year; (C) Itemized expenses for two full years including the base year for the relevant property tax year; and (D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for two full years including the base year for the relevant property tax year. (II) The petitioner shall provide the information required by subsection (5)(a)(I) of this paragraph (a) within ninety days after the appeal has been filed with the Board of Assessment Appeals. (b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's request, the following information: (A) The primary method used by the county to determine the value of the subject property; and (B) The rates used by the county to determine the value of the subject property under the method identified in accordance with subsection (5)(b)(l)(A) of this section. (II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b) shall redact all confidential information contained therein. (c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for noncompliance with such order. The motion may be made directly by the County Attorney and shall be accompanied by a certification that the County Assessor or the County Board of Equalization has in good faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c) and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders in regard to the noncompliance as are just and reasonable under the circumstances, including an order dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest shall resume as of the date the contested information has been provided by the taxpayer. Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to you. The address and telephone number of the Board of Assessment Appeals are: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, Colorado 80203 Telephone Number: (303) 864-7710 Email: baa@state.co.us Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent must pay a fee of $101.25 per appeal. OR 2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the District Court of the county wherein your property is located: in this case that is Weld County District Court. A hearing before The District Court will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado appellate review and C.R.S. §24-4-106(9), govern the process. OR 3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this option, the arbitrator's decision is final and you have no further right to appeal your current valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following: a. Select an Arbitrator: You must notify the Board of Equalization within 30 days that you will pursue arbitration. You and the Board of Equalization will select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located (i.e. Weld) will select the arbitrator. b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records documents and other evidence pertaining to the value of the property. The arbitrator also has the authority to administer oaths, and determine all questions of law and fact presented to him. The arbitration hearing may be confidential and closed to the public if you and the Board of Equalization agree. The arbitrator's decision must be delivered personally or by registered mail within ten (10) days of the arbitration hearing. c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the Board of Equalization. In the case of residential real property, the fees may not exceed $150.00 per case. For cases other than residential real property, the arbitrator's total fees and expenses are agreed to by you and Board of Equalization, but are paid by the parties as ordered by the arbitrator. If you have questions concerning the above information, please call me at (970) 400-4226. Very truly yours, BOARD OF EQUALIZATION �LCO.1C/4 Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor August 5, 2021 Agent: ALTUS GROUP US INC ALEX POWELL AND/OR DYLAN BEDFORD PO BOX 92129 SOUTHLAKE, TX 76092-0102 Petitioner: CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldqov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 HD DEVELOPMENT OF MARYLAND INC C/O HOME DEPOT USA PROPERTY TAX DEPT PO BOX 105842 ATLANTA, GA 30348-5842 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2021-2214 Appeal 2008230335 Hearing 8/5/2021 Dear Petitioner: On the day indicated above, the Board of County Commissioners of Weld County Colorado convened and acting as the Board of Equalization, pursuant to C.R.S. §39-8-101et seq., considered petition for appeal of the Weld County Assessor's valuation of your property described above, for the year 2021. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R8403700 Deny - Administrative Deny $9,137,041 $9,137,041 A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30) days of the date the denial is mailed to you. You must select only one of the following three (3) options for appeal: 1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(2), only the record of proceedings from your hearing before the Board of Assessment Appeals and your legal brief are filed with the appellate court. All appeals to the Board of Assessment Appeals filed after August 10, 2021, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2021, in addition to any other requirements under law, any petitioner appealing either a valuation of rent -producing commercial real property to the Board of Assessment Appeals pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall provide to the county Board of Equalization or to the Board of County Commissioners of the County in the case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable: (A) Actual annual rental income for two full years including the base year for the relevant property tax year; (B) Tenant reimbursements for two full years including the base year for the relevant property tax year; (C) Itemized expenses for two full years including the base year for the relevant property tax year; and (D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for two full years including the base year for the relevant property tax year. (II) The petitioner shall provide the information required by subsection (5)(a)(I) of this paragraph (a) within ninety days after the appeal has been filed with the board of assessment appeals. (b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's request, the following information: (A) The primary method used by the county to determine the value of the subject property; and (B) The rates used by the county to determine the value of the subject property under the method identified in accordance with subsection (5)(b)(l)(A) of this section. (II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b) shall redact all confidential information contained therein. (c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for noncompliance with such order. The motion may be made directly by the County Attorney and shall be accompanied by a certification that the County Assessor or the County Board of Equalization has in good faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c) and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders in regard to the noncompliance as are just and reasonable under the circumstances, including an order dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest shall resume as of the date the contested information has been provided by the taxpayer. Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to you. The address and telephone number of the Board of Assessment Appeals are: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, Colorado 80203 Telephone Number: (303) 864-7710 Email: baa@state.co.us Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent must pay a fee of $101.25 per appeal. OR 2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the District Court of the county wherein your property is located: in this case that is Weld County District Court. A hearing before The District Court will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado appellate review and C.R.S. §24-4-106(9), govern the process. OR 3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this option, the arbitrator's decision is final and you have no further right to appeal your current valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following: a. Select an Arbitrator: You must notify the Board of Equalization within 30 days that you will pursue arbitration. You and the Board of Equalization will select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located (i.e. Weld) will select the arbitrator. b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records documents and other evidence pertaining to the value of the property. The arbitrator also has the authority to administer oaths, and determine all questions of law and fact presented to him. The arbitration hearing may be confidential and closed to the public if you and the Board of Equalization agree. The arbitrator's decision must be delivered personally or by registered mail within ten (10) days of the arbitration hearing. c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the Board of Equalization. In the case of residential real property, the fess may not exceed $150.00 per case. For cases other than residential real property, the arbitrator's total fees and expenses are agreed to by you and Board of Equalization, but are paid by the parties as ordered by the arbitrator. If you have questions concerning the above information, please call me at (970) 400-4226. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor Hello