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Home My WebLink About20211928.tiffCOUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number: R0584901 STIPULATION (As To Tax Year 2021 Actual Value) RE PETITION OF : NAME: BAREROSE WINDSOR LLC ADDRESS: 1200 PENNSYLVANIA ST APT 100 DENVER, CO Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2021 valuation of the subject property, and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner (s) and Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: WIN 1HS L4 BLK1 HOEHNE 1ST FG 2. The subject property is classified as commercial. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2021 : Total: $2,573,365 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2021 actual value for the subject property: Total: $2,461,971 5. The valuation, as established above, shall be binding only with respect to tax year 2021 . 6. Brief narrative as to why the reduction was made: After a review of the approaches to value, a reduction was determined. 7. Both parties agree that: The hearing scheduled before the Board of Equalization on 08/02/2021 at 10:00 am be vacated. nA hearing has not yet been scheduled before the Board of Equalization. R0584901 1 S1- tgDE5 ASO' 09 DATED this 20 day of July Pan George Dan George (Jul Y 2021 17:20 CDT) Petitioner(s) or Agent or Attorney , 2021 . Address: 3333 South Wadsworth Boulevard St( Lakewood CO 80227 Telephone: 17209625750 R0584901 (Assistant) County Attorney for Respondent, Weld County Board of Commissioners Address: 1150 "O" Street P.O. Box 758 Greeley, CO 80632 Telephone:(970) 336-7235 County Deputy Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R0584901 BAREROSE WINDSOR LLC Final Audit Report 2021-07-21 Created: 2021-07-20 By: SUE GUNDRY (sgundry@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAA_Szak-fm_xaPnY7PAnBSTWGXTgHzIW9j "R0584901 BAREROSE WINDSOR LLC" History n Document created by SUE GUNDRY (sgundry@co.weld.co.us) 2021-07-20 - 9:08:45 PM GMT- IP address: 204.133.39.9 E Document emailed to SUE GUNDRY (sgundry@co.weld.co.us) for approval 2021-07-20 - 9:08:47 PM GMT i2 Document approved by SUE GUNDRY (sgundry@co.weld.co.us) Approval Date: 2021-07-20 - 9:14:46 PM GMT - Time Source: server- IP address: 204.133.39.9 E Document emailed to Jason Marini (jmarini@co.weld.co.us) for approval 2021-07-20 - 9:14:47 PM GMT n Email viewed by Jason Marini (jmarini@co.weld.co.us) 2021-07-20 - 9:31:04 PM GMT- IP address: 204.133.39.9 6© Document approved by Jason Marini (jmarini@co.weld.co.us) Approval Date: 2021-07-20 - 9:31:11 PM GMT - Time Source: server- IP address: 204.133.39.9 2+ Document emailed to Jason Marini (appeals@weldgov.com) for signature 2021-07-20 - 9:31:13 PM GMT n Email viewed by Jason Marini (appeals@weldgov.com) 2021-07-20 - 9:35:19 PM GMT- IP address: 204.133.39.9 6© Document e -signed by Jason Marini (appeals@weldgov.com) Signature Date: 2021-07-20 - 9:35:40 PM GMT - Time Source: server- IP address: 204.133.39.9 E, Document emailed to Dan George (dgeorge@1stnetre.com) for signature 2021-07-20 - 9:35:41 PM GMT t Email viewed by Dan George (dgeorge@1stnetre.com) 2021-07-20 - 10:17:56 PM GMT- IP address: 173.14.13.241 POWERED BY Adobe Sign b© Document e -signed by Dan George (dgeorge@lstnetre.com) Signature Date: 2021-07-20 - 10:20:47 PM GMT - Time Source: server- IP address: 173.14.13.241 E, Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2021-07-20 - 10:20:48 PM GMT t Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2021-07-21 - 6:43:30 PM GMT- IP address: 204.133.39.9 6© Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2021-07-21 - 6:49:39 PM GMT - Time Source: server- IP address: 204.133.39.9 ® Agreement completed. 2021-07-21 - 6:49:39 PM GMT ✓J\VCC ED 9Y Adobe Sign NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 ACCOUNT NO. TAX YEAR R0584901 BAREROSE WINDSOR LLC 1200 PENNSYLVANIA ST APT 100 DENVER, CO 80203-2562 PROPERTY OWNER • Date of Notice: 6/30/2021 JUL 122021 Telephone: (970) 400-3650 WELD COUNTY Fax: (970) 304-6433 COMMISSIONERSOffice Hours: 8:00AM - 5:00PM 2021 TAX AREA 0437 PROPERTY CLASSIFICATION COMMERCIAL TOTAL LEGAL DESCRIPTION/ PHYSICAL LOCATION WIN 1HS L4 BLK1 HOEHNE 1ST FG 1525 MAIN S- WINDSOR ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW 2,573,365 2,573,365 ACTUAL VALUE AFTER REVIEW 2,573,365 2,573,365 The Assessor has carefully studied all available information, g ving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: The Assessor staff has requested additional information to properly review your property's value. Because we have not received this information, we have no choice but to deny any adjustments. 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): 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 15-DPT-AR PR 207-08/13 R0584901 2021-1928 APPEAL. PROCEDURES County Board of Equalization Hearings will be held from July 26th through August 5th at 1150 0 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.us/appsl/cboe/ 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 must 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 District Court 1313 Sherman Street, Room 315 Contact the District Court in the County Denver, CO 80203 where the property is located. See your (303) 866-5880 local telephone book for the address and www.dola.colorado.gov/baa telephone number. 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. w, BOARD OF``EQUALIZATION wu T b COUNTY PETITION What is your estimate of the property's value as of June 30, 2020? (Your opinion of value in terms of a sp cifq dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ �v 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.) I, the and ndersigned owner or agent' of the property identified above, affirm that the statements contained herein any attachments hereto are true and complete. Signature ?ig,"ne:at- EMail Add ess 4 Telephone Number Date 1 Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/13 R0584901 I' Net Real Estate Services, Inc., 3333 S. Wadsworth Blvd Ste D-105 Lakewood CO 80227, Phone 720-962-5750 - Fay. 720-962-5760 To Whom It May Concern LETTER OF AUTHORITY I, Barry Hamilton , am the owner, and/or agent ot the owner, of the following real and/or business personal property ADDRESS PARCEL/SCHEDULE NUMBER COUNTY See Exhibit A, attached hereto and incorporated herein by this reference I do hereby authorize 1st Net Real Estate Services, Inc to represent my interests and to appear on my behalf before County Assessor, County Board of Equalization, Board of County Commissioners, the Colorado Board of Assessment Appeals, binding arbitration District Court, all Colorado state courts, and/or any other agency or entity with regard to any and all matter(s) concerning the valuation and taxation of the above mentioned property(s) for tax years 2O21 and 2O22 The undersigned requests that copies of all decisions from any of the above entities, or any other agency or entity as is involved pertaining to matters of valuation and/or taxation for the above -mentioned property(s), be mailed to 1st Net Real Estate Services, Inc 3333 S Wadsworth Blvd , Suite 200 Lakewood, CO 80227 Phone. (720) 962-5750 Fax (720) 962-5760 I hereby expressly revoke any and all previous authorizations relating to the Property(s) Dated this /` `' day of `s' I s / 20=,) i Owner BAREROSE 1 ITTI bTON I LC / BAREROSE I ONGMONT LLC/I 445 SOtn H PEARL STREET LLC /BAREROSE ESTATES LOGAN LLC/ BAREROW 38Th LLC /JEWELL 7660 LLC / BAREROSE MARKET I I C / BAREROSE CASTLE l LC / LAUNCH DENVER ONE LI C/ LAUNCH NOW O,BROADWAY STATION L LC / LAUNCH)iOW EXCHANGE LI C/ EMERSON WOOD BUILDING EXCHANGE LLC/ BARE ROSE PARKER LI4 fIOUNTAIN RISING DEVELOPMENT LLC / BAREROSE WINDSOR LLC Signature / j ! N.-- y Print Name ..'Y7 W v' ,) �itr�l kAt• Title ManaEine Member Address 1200 Penns Ivanra St City, State Zip Denver CO 80203 Phone # 720-689-9388 Fax # 303-864-0265 STATE OF COLORADO ) SS COUNTY OF Dz \w'v ) Swgin to and subspribed.ltefore me this 1 L Cb day ot tk-A,7` p 11v y I iiiik&11 fpx,- Witness my hAnd and official sat M} Commission expires ") 7i " i0t^` 20 2 --ti by Notary PUh1ic _ Address \ 61\2.0 Lot1`7r� j ' -4 I t)zv,v l g wl%U), Kristin Thomas NOTARY PUBLIC STATE OF COLDBpDO NOTARY ID§ 20121010305 MY COMMISSION EXPIRES May 2u", 2024 Address 209 W Littleton Blvd. 380 Main Street 1445 S Pearl Street 400E 20th Me 1406 W 38th Ave 7660 E Jewell Ave 1620 Market Street 1200 Pennsylvania 50 W Ai wna Ave 2495 S Delaware St 2640 E 43rd Ave 1133 N Pennsylvania St 19647 Solar Cr tB102 19647 Solai Cir fiB 101 19673 Solar Dr 27191 Main Street 27175 Main Street Vacant Land, Cornier 1525 Main St 1 "EXHIBIT A" Schedule or Parcel # 2077-15-3-10-011 R0055864 5221-30-020 1349-04-028 2281-06-029 6282-02-024 2331-09-007 5031-13-047 5222-03-001 5274-11-004 2243-06-012 5031-19-013 R0488722 80488721 R0479049 300464967 300452711 300448491 300448489, 300448488, 300452712 R0584901 R0584801 County Aranahoe Count% Boulder County Denver DenseCounty Denver County Denser Denver County Denver County Denser County Denver County _ Denver Count' Denver County Douglas County Doer lla County Douelas Counts Jefferson County Jefferson Counts Jefferson County Weld County Barerose Windsor LLC 1525-1555 Mam St Income Rentable SF Rent Income CAM Charges Sign Fee Interest Income Total Actual Operating Revenue Expenses Legal & Professional Fees Bank Charges Mortgage Interest/Windsor Mortgage Interest/Barerose Commission Expense Bookeepmg & Accounting General Mamtenance Cleaning Make Ready HVAC Maintenance Repairs Pamtmg Snow Removal Landscaping Roof Repairs Telephone Rubbish Water & Sewer Gas & Electric Electricity Management Fees Building Insurance Liability Insurance Property Taxes Security 22,954 SF 2019 2020 $ 4,119 $ 420 $ 20 $ 84,917 $ 82,700 $ 52,500 $ 5,870 $ 7,505 $ 2,757 $ 5,676 $ 5,475 $ 5,816 $ 986 $ 3,681 $ 2,115 $ 540 $ 4,595 $ 23,132 $ 2,326 $ 9,515 $ 16,260 $ 3,588 $ 4,367 $ 1,513 $ 1,601 $ 1,177 $ 1,216 $ 14,784 $ 21,211 $ 10,535 $ 14,117 $ 5,262 $ 4,895 $ 2,636 $ 3,420 $ 15,081 $ 5,993 $ 6,584 $ (5,074) $ 57,672 $ 97,179 $ 420 $ 1,023 Total Expenses $ 152,520 $ 222,562 Expenses PSF $ 6 64 $ 9 70 Net Income from Rental Real Estate Capitalization Rate 7 50% Effective Rate 2 51 2021 Mill Levy 0 0866392 Indicated Property Value $ 4,136,368 Indicated Value Average 2021 County Value $ 4,729,965 Recommendation 2019 2020 $ 359,350 $ 378,118 $ 119,417 $ 128,660 $ 3,711 $ 3,600 $ 1,572 $ 1,109 $ 484,050 $ 511,487 $ 484,050 $ 511,487 $ 331,530 $ 288,925 750% 750% $ 4,420,399 $ 3,852,336 Barerose Windsor LLC 1525-1555 Main St. Income Rentable SF Rent Income CAM Charges Sign Fee Interest Income Total Actual Operating Revenue Expenses Legal & Professional Fees Bank Charges Mortgage Interest/Windsor Mortgage Interest/Barerose Commission Expense Bookeeping & Accounting General Maintenance Cleaning Make Ready HVAC Maintenance Repairs Painting Snow Removal Landscaping Roof Repairs Telephone Rubbish Water & Sewer Gas & Electric Electricity Management Fees Building Insurance Liability Insurance Property Taxes Security 22,954 SF Total Expenses Expenses PSF Net Income from Rental Real Estate Capitalization Rate $ 84,917 2019 2020 $ 4,119 $ 420 $ 20 $ 5,870 $ 7,505 $ 2,757 $ 5,676 $ 5,475 $ 5,816 $ 986 $ 3,681 $ 2,115 $ 540 $ 4,595 $ 23,132 $ 2,326 $ 9,515 $ 16,260 $ 3,588 $ 4,367 $ 1,513 $ 1,601 $ 1,177 $ 1,216 $ 14,784 $ 21,211 $ 10,535 $ 14,117 $ 5,262 $ 4,895 $ 2,636 $ 3,420 $ 15,081 $ 5,993 $ 6,584 $ 5,074 $ 82,700 $ 52,500 $ 57,672 $ 97,179 $ 420 $ 1,023 $ 99,922 $ 125,383 $ 4.35 5 5.46 7.50% Effective Rate 2.51 2021 Mill Levy 0.0866392 Indicated Property Value $ 3,830,218 Indicated Value Average 2021 County Value $ 4,729,965 2019 2020 $ 359,350 $ 378,118 $ 119,417 $ 128,660 $ 3,711 $ 3,600 $ 1,572 $ 1,109 $ 484,050 $ 511,487 $ 484,050 $ 511,487 $ 384,128 $ 386,105 10.10% 10.01% $ 3,803,247 $ 3,857,189 Quick Stats Report Comps Statistics Low Average Median High Count Sale Price $840,000 $2,315,550 $2,178,956 $5,000,000 33 Center Size 10,000 SF 17,421 SF 16,830 SF 32,472 SF 35 Price per SF $46 38 $132 31 $124 38 $342 41 33 Actual Cap Rate 6 25% 7 39% 7 41% 8 40% 9 Days on Market 64 276 191 942 17 Sale Price to Asking Price Ratio 62 14% 92 46% 97 50% 100 00% 8 Totals Sold Transactions Total Sales Volume $76,413,141 Total Sales Transactions 35 Survey Criteria basic criteria Type of Property - Retail, Property Size -10,000 - 50,000 SF, Sale Date - 1/11/2018 - 7/30/2020, Sale Status - Sold, Return and Search on Portfolio Sales as Individual Properties - Yes, Exclude Non -Arms Length Comps - Yes, - Exclude All Public Record Sales geography criteria Geography - User Defined Polygon Search additional criteria - * This result set has been amended with criteria to add and/or remove records Copyrighted report licensed to 1st Net Real Estate Services 89536 6/11/2021 Page 85 Profit & Loss Properties Windsor Period 01/01/20 - 12/31/20 (cash basis) INCOME 4100 Rental Income 4101 Rents Received 4150 CAM Charges 4151 Common Area Maintenance 4150 Total CAM Charges 378,118 10 128,659 89 128,659 89 4100 Total Rental Income 506,777 99 4200 Other Property Income 4212 Sign Fee 4200 Total Other Property Income 4400 Sales Income 4402 Interest Income 4400 Total Sales Income 3,600 02 3,600 02 1,109 44 1,109 44 TOTAL INCOME 511,487 45 EXPENSE 5000 General Expenses 5006 Legal, Professional Fees 5025 Bank Charges 5030 Interest 6328 Interest Windsor 6360 Interest BareRose Properties 5030 Total Interest 5000 Total General Expenses 5350 Commission Expense 6000 CAM Charges 5004 Bookkeeping & Accounting 5100 Repairs & Maintenance 5104 General Maintenance 5105 Cleaning 5108 Make Ready 5113 Repairs 5125 Painting 6007 Snow Removal 6009 Landscaping 6015 Roof Repairs 5100 Total Repairs & Maintenance 5200 Utilities 5012 Telephone 5024 Rubbish 5201 Water & Sewer 5202 Gas & Electric 5206 Electricity 5200 Total Utilities 420 00 20 00 82,699 62 52,500 00 135,199 62 135,639 62 7,505 04 5,675 63 5,81631 3,680 98 2,115 00 23,132 10 2,325 79 16,260 07 4,366 60 1,600 64 59,297 49 1,215 77 21,210 68 14,117 33 4,894 85 3,419 55 44,85818 5900 Insurance 5902 Building Insurance 6,584 00 Profit & Loss 4/21/21 10 41 am Page 1 of 2 rentmanager corn - property management systems rev 3596 5900 Total Insurance 6002 Property Tax 6005 Security 6000 Total CAM Charges TOTAL EXPENSE NET INCOME NET INCOME SUMMARY Income Expense Other Income & Expense NET INCOME 6,584 00 97,179 39 1,022 50 214,617 19 357,761 85 153,725 60 511,487 45 -357,761 85 0 00 153,725 60 Profit & Loss 4/21/21 10 41 am Page 2 of 2 rentmanager com - property management systems rev 3596 Profit & Loss Property Windsor Period 01/01/19 - 12/31/19 (cash basis) INCOME 4100 Rental Income 4101 Rents Received ' 4150 CAM Charges 4151 Common Area Maintenance 4150 Total CAM Charges 4100 Total Rental Income 4200 Other Property Income 4212 Sign Fee 4200 Total Other Property Income 4400 Sales Income 4402 Interest Income 4400 Total Sales Income 359,350 14 119,416 54 119,416 54 478,766 68 3,710 82 3,710 82 1,572 25 1,572 25 TOTAL INCOME 484,049 75 EXPENSE 5000 General Expenses 5006 Legal, Professional Fees 5030 Interest 6328 Interest Windsor 5030 Total Interest 5000 Total General Expenses 5350 Commission Expense 6000 CAM Charges 5004 Bookkeeping & Accounting 5100 Repairs & Maintenance 5104 General Maintenance 5105 Cleaning 5112 HVAC maintenance 5113 Repairs 6007 Snow Removal 6009 Landscaping 6015 Roof Repairs 5100 Total Repairs & Maintenance 5200 Utilities 5012 Telephone 5024 Rubbish 5201 Water & Sewer 5202 Gas & Electric 5206 Electricity 5200 Total Utilities 5300 Management Fees 5020 Management Fees 5300 Total Management Fees 4,118 97 84,917 24 84,917 24 89,036 21 5,870 40 2,756 84 5,475.25 985 70 540 00 4,595 39 9,514 71 3,588 42 1,513 20 26,212 67 1,177 30 14,783 82 10,535 28 5,261 67 2,636 43 34,394 50 15,081 27 15,081 27 5900 Insurance 5902 Building Insurance 5,993 00 Profit & Loss 4/21/21 10 44am Page 1 of 2 rentmanager corn - property management systems rev 3596 5903 Liability Insurance 5900 Total Insurance 6002 Property Tax 6005 Security 6000 Total CAM Charges TOTAL EXPENSE NET INCOME NET INCOME SUMMARY Income Expense Other Income & Expense NET INCOME -5,074 15 918 85 57,672 16 420 00 137,456 29 232,362 90 251,686 85 484,049 75 -232,362 90 0 00 251,686 85 Profit & Loss 4/21/21 10 44am Page 2 of 2 rentmanager corn - property management systems rev 3596 Customer Chowen, Charles Pro Square Rata Lease Lease Unit Feet Share Start End 2 700 23 33 06/10/19 06/30/20 Annual Annual Security Last Rent Rent Annual Operation Operation Total Charges Deposit Increase Charges Rent Sq Ft Charges Sq Ft Charges Sq Ft 1,475 00 1,455 00 24 94 0 00 0 00 1,455 00 24 94 Lightshade Labs, LLC Main 1,750 58 33 12/27/18 10/23/20 5,000 00 5,000 00 34 29 1,475 00 10 11 6,475 00 44 40 Total for Property 3,000 7,795 00 7,775 00 31 10 1,525 00 6 10 9,300 00 37 20 Robbins 0 00 0 00 0 00 VACANT Robbins 1,058 100 00 0 00 0 00 0 00 0 00 Total for Property 1,058 0 00 0 00 0 00 0 00 0 00 0 00 0 00 Washix' n „c�. ,AS�f� �t+'fir ``'kf^i��"+1�.'+y;M1iiLl ..� " �' h ,� C - �� r'+'`r �`!%b'r` J�,M1y.. Tv> - �y�Y .a atY .�L _iy cc i t`a., . }. ct'(�'6` ngton _ � ,� �^.wdax� --'i ... a .-� 1ic. T�f4�.Y �iti-�C :� . .. � tx 1n'-� +K l,h- tY! � f` � ar ...- K �i�l ""1'Lc, F' Kucky, Alyssa 1 900 13 53 11/19/18 03/31/21 1,350 00 11/01/19 1,450 00 19 33 0 00 0 00 1,450 00 19 33 Rosinski, Evan 2 900 13 53 07/05/19 07/31/20 1,400 00 1,400 00 18 67 0 00 0 00 1,400 00 18 67 Beaty, Kevin 3 850 12 78 09/16/17 09/30/20 1,400 00 11/01/18 1,450 00 20 47 0 00 0 00 1,450 00 20 47 Clark, Sara 4 700 10 53 07/01/10 800 00 04/01/19 1,180 00 20 23 -50 00 -0 86 1,130 00 19 37 Auger, Brandon 5 900 13 53 10/22/19 04/30/21 1,695 00 1,675 00 22 33 000 000 1,675 00 22 33 White, Autumn 6 900 13 53 12/01/17 10/31/21 1,650 00 11/01/18 1,700 00 22 67 000 000 1,700 00 22 67 Nash, Ellen 7 750 11 28 04/30/18 08/31/20 1,075 00 09/01/18 1,180 00 18 88 -50 00 -0 80 1,130 00 18 08 Dnssi, Amir 8 750 11 28 05/05/19 05/31/21 1,200 00 1,180 00 18 88 0 00 0 00 1,18000 1888 Total for Property 6,650 10,570 00 11,215 00 20 24 -100 00 -0 18 11,115 00 20 06 Windsor _ —) -� ` tin v. r�! '�12'ii`^,?`s4-..-?'F Domino's Pizza Al 1,440 6 27 11/01/12 10/31/23 2,496 00 11/01/19 2,472 00 20 60 712 00 5 93 3,184 00 26 53 of Colorado, Benchmark A2 1,650 7 19 09/15/13 12/31/27 3,341 25 01/01/20 5,274.55 38.36 1,394 72 10 14 6,669 27 48 50 Benchmark Dental of Co A3 1,170 5 10 04/28/17 12/31/27 0 00 000 000 0 00 0 00 0 00 0 00 Colorado in Motion A4 1,200 5 23 06/01/17 05/31/22 4,470 83 06/01/20 4,651 46 46 51 1,829 95 18 30 6,481 41 64 81 Colorado In Motion A5 2,500 10 89 06/01/17 05/31/22 000 000 000 000 000 000 000 Brain Balance A6 2,500 10 89 08/09/16 01/31/24 4,125 00 02/01/20 3,229 17 15 50 1,23645 593 4,465 62 21 43 Academy, GOAL B1 2,434 10 60 03/01/20 06/30/22 12,000 00 3,246 00 16 00 110 34 0 54 3,356 34 16 55 Tactical, Croft B2 1,800 7 84 02/01/17 05/31/22 3,045 00 06/01/20 2,400 00 16 00 890 24 5 93 3,290 24 21 93 BB Nails B3 1,200 5 23 12/01/01 0 00 12/01/11 1,640 00 16 40 580 00 5 80 2,220 00 22 20 Subway B4 1,200 5 23 12/01/01 10/31/26 0 00 11/01/19 2,375 00 23 75 693 50 6 94 3,068 50 30 69 Great Clips B5 1,170 5 10 11/10/11 07/31/22 0 00 08/01/19 2,291 25 23 50 678 66 6 96 2,969 91 30 46 Tan 360 B6 1,170 5 10 05/01/09 12/31/23 3,994 00 01/01/20- 2,004 49 20 56 678 66 6 96 2,683 15 27 52 Commercial Rent Roll 4/9/21 12 52pm Page 9 of 10 rentmanager corn - property management systems rev 3596 Customer VACANT Pro Square Rata Lease Lease Security Last Rent Rent Unit Feet Share Start End Deposit Increase Charges B7 1,200 5 23 0 00 0 00 Annual Annual Operation Operation Rent Su Ft Charges So Ft 0 00 0 00 0 00 Annual Total Charges Charges So Ft 0 00 0 00 Chironowi PC B8 1,120 4 88 11/01/12 11/30/22 1,926 67 12/01/19 1,534 77 16 44 553 93 5 93 2,088 70 22 38 Columbine Medical Equq B -1B 1,200 5 23 04/01/19 03/31/24 0 00 04/01/20 1,690 00 16 90 580 00 5 80 2,270 00 22 70 Total for Property Report Totals 22,954 35,398 75 32,808 69 227,842 Commercial Rent Roll 4/9/21 12 52pm 225,211 58 270,676 46 Report Summary Total Possible Rent Vacancy Rent Occupied Unit Rent # of Units Vacant Units Occupied Sq Ft Occupancy % 270,676 46 14,095 00 256,581 46 150 39 187,392 82 25% 1715 9,938 45 5 20 42,747 14 22 35 14 26 32,644 10 1 72 303,320 56 15 98 Page 10 of 10 rentmanager corn - property management systems rev 3596 1 7670 5th St - Boxelder Plaza Wellington, CO 80549 Sale on 6/4/2019 for $2,025,000 ($62.36/SF) - Research Complete 32,472 SF Retail Building Built in Jul 2006 SOLD ...i- i,..AAA r» r...s Iasi a no irk iris see Recorded Buyer: True Buyer: Buyer Type: Buyer Broker: Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: No. of Tenants: Tenants at time of sale: Financing: Legal Desc: Parcel No: Document No: Rfm Real Estate LLC Linda Zimmerman Linda Zimmerman 7476 N Whileaway Rd Park City, UT 84098 (435) 513-8532 Individual No Buyer Broker on Deal 06/04/2019 $2,025,000 -Full Value $62.36 $11.28 100.0% Multi $202.50 Buyer & Seller Contact Info Recorded Seller: True Seller: Seller Type: Listing Broker: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: 3 Blue Federal Credit Union; Domino's Pizza; Ridley's Family Markets $25,200.00 from Bank of Utah Lot1 BIk1 Boxelder Commons 88041-05-001 20190031010 _•. --- -SESISSISPIII - 'Jm Wellprop LIc Savoy Holdings Samuel Mancini 2000 S Colorado Blvd Denver, CO 80222 ;303) 758-5222 Developer/Owner-RGNL No Listing Broker on Deal Investment Retail Built in Jul 2006 Age: '12 32,472 SF 4.12 AC (179,467 SF) 60.4% $1,814,900 in 2018 $1,096,700 $718,200 $4.00 1 • i • • t. I. N ID: 4787824 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 6/11/2021 Page 1 807 17th St - University Center Greeley, CO 80631 Sale on 8/22/2018 for $2,974,000 ($146.85/SF) - Research Complete 20,252 SF Retail Storefront Building Built in 1956, Renov 2007 SOLD Recorded Buyer: True Buyer: Buyer Type: Buyer Broker: Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Actual Cap Rate: Transfer Tax: No. of Tenants: Tenants at time of sale: Financing: Document No: Buyer & Seller Contact Info Cinsique LIc Darlene A. Arber 39 Niblick Ln Littleton, CO 80123 (303) 912-4235 Individual Coldwell Banker Commercial Ben Gilliam (303) 320-5733 08/22/2018 (295 days on market) 60 days $2,974,000 -Confirmed $2,974,000 $146.85 $68.27 Multi 7.00% $297.40 Recorded Seller: True Seller: Seller Type: Listing Broker: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: - University Center LLC Multiprop Inc. Andrew Unkefer 6676 Gunpark Dr Boulder, CO 80301 (303) 530-5398 Corporate/User Marcus & Millichap Inc Cory Gross (303) 328-2019 Jake Shirek (303) 328-2071 r: a p z a t:i ID: 4485276 Investment Retail - Storefront Built in 1956, Renov 2007 Age: 62 20,252 SF 1 AC (43,560 SF) 10 Chipotle; Colorado Escapes; Joe's Place; Kodaklnk Arts; Minuteman Press; Textbook Brokers -Greeley; The Blue Mug; The Pit; Three Five Seven LLC; Unversity of Northern Colorado $1,785,000.00 from Zions First Nat'l Bk 4425064 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 6/11/2021 Page 11 3603-3633 23rd Ave - Village Centre at the Landings Evans, CO 80620 Sale on 9/21/2018 for $3,600,000 ($176.47/SF) - Research Complete 20,400 SF Retail (Strip Center) Building Built in 2001 SOLD Recorded Buyer: True Buyer: Buyer Type: Buyer Broker: Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Actual Cap Rate: Sale Conditions: Transfer Tax: No. of Tenants: Tenants at time of sale: Financing: Document No: Buyer & Seller Contact Info MAC Management, LLC Alex Chlebek Alex Chlebek 3685 E 121st Ave Thornton, CO 80241 (720) 872-3188 Individual Madison Commercial Properties Brandon Gouker (720) 441-1460 09/21/2018 120 days $3,600,000 -Confirmed a $176.47 $30.61 80.9% Multi 6.25% 1031 Exchange $360 Dr it tweed ~�JS Recorded Seller: True Seller: Seller Type: Listing Broker: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: I JSPERGM, Inc. Jae Ho Kim Jae Kim 15737 E Prentice Dr Centennial, CO 80015 (303) 232-4444 Individual Re/Max 100, Inc. Jae Kim (303) 949-2812 Investment Retail (Strip Center) Built in 2001 Age: 17 20,400 SF 2.70 AC (117,612 SF) `jti /id; t 3 ID: 4522267 12 37th Liquor LLC; American Family Insurance; Amusement Arcade; Armando Sanchez Agency; Chili Thai; Chitwan Inc; Colorado Community bank; EGraphics; H&R Block; Panaderia Quetzal; Professional Hair Design; Roma Restaurant $1,560,000.00 from Elevations Credit Union 4433334 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 6/11/2021 Page 13 8 2903-2913 37th St - Northpoint Center Evans, CO 80620 Sale on 2/7/2020 for $1,375,000 ($131.03/SF) - Research Complete 10,494 SF Retail Storefront Retail/Office Building Built in 2007 SOLD • rw r Are we 4r. liece a . S .v 4 Recorded Buyer: True Buyer: Buyer Type: Buyer Broker: Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Actual Cap Rate: Sale Conditions: Obp Investments Obp Investments Laura Labrado 3450 E 156th Ave Brighton, CO 80602 Individual Gala Realty Group Pamela Cabriales (303) 429-1957 .11 •i trio r` -s- sera • ♦ "z 4 t, ,41. 4 • s i Buyer & Seller Contact Info 02/07/2020 (150 days on market) $1,375,000 -Confirmed $1,500,000 $131.03 $29.50 Multi 7.75% Investment Triple Net Recorded Seller: True Seller: Seller Type: Listing Broker: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: • t 2903 Investments LIc Vallejo Investments Rick Campbell 270 St Paul St Denver, CO 80206 (303) 322-3400 Developer/Owner-RGNL CBRE Matt Henrichs (720) 528-6308 Parker Brown (720) 528-6393 Kyndal Close (303) 628-1700 Investment Retail - Storefront Retail/Office Built in 2007 Age: 13 10,494 SF 1.07 AC (46,609 SF) 60.3% $203,520 in 2018 122,740 $80,780 $1.00 No. of Tenants: 4 Tenants at time of sale: Carniceria El Toro Brao; El Chato Mexican Restaurant; Hue Salon; South Philly Cheesesteak ID: 5062870 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 6/11/2021 Page 17 1612 N College Ave - Country Club Corners Fort Collins, CO 80524 Sale on 12/20/2018 for $2,427,750 ($143.46/SF) - Research Complete 16,923 SF Retail (Neighborhood Center) Building Built in 1995 SOLD Recorded Buyer: True Buyer: Buyer Type: Buyer Broker: Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Actual Cap Rate: Transfer Tax: No. of Tenants: Tenants at time of sale: Financing: Parcel No: Buyer & Seller Contact Info JSPERGM, Inc. Re/Max 100, Inc. Jae Kim 710 Kipling St Lakewood, CO 80215 (303) 232-4444 Corporate/User Re/Max 100, Inc. Jae Kim (303) 949-2812 12/20/2018 (64 days on market) $2,427,750 -Confirmed $2,495,000 $143.46 $21.86 Multi 7.41% $242.78 Recorded Seller: True Seller: Seller Type: Listing Broker: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: 4,0 College Country Club, LLC Alex Haddad Alex Haddad 11102 Osage St \Iorthglenn, CO 80234 ;402) 880-8593 Other - Private Cushman & Wakefield Chase Christensen (970) 267-7406 Jason Ells (970) 267-7722 Investment Retail - (Neighborhood Center) Built in 1995 Age: 23 16,923 SF 2.55 AC (111,078 SF) 45.5% $2,337,800 in 2017 $1,064,100 $1,273,700 $11.00 7 Asian Chef; Cricket; Dollar Tree; Edward Jones; H&R Block; Sky Nails; Vungs Recipes $1,345,784.00 from Firstbank 97012-65-005, 97012-61-005, 97012-61-004 ID: 4613853 :1 • Copyrighted report licensed to 1st Net Real Estate Services - 89536. 6/11/2021 Page 19 1611 S College Ave - Choice Center II Fort Collins, CO 80525 Sale on 5/31/2019 for $4,200,000 ($167.31 /SF) - Research Complete 25,103 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1963, Renov 2009 SOLD Recorded Buyer: True Buyer: Buyer Type: Buyer Broker: 1611 College, LLC 1611 College, LLC Jeffery Roemer 5455 S Niagara Ct Greenwood Village, CO 80111 (303) 523-1828 Other - Private No Buyer Broker on Deal Buyer & Seller Contact Info Sale Date: 05/31/2019 (86 days on market) Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Actual Cap Rate: Transfer Tax: No. of Tenants: Tenants at time of sale: Financing: Parcel No: $4,200,000 -Confirmed $4,200,000 $167.31 $54.78 Multi 7.58% $420 Recorded Seller: True Seller: Seller Type: Listing Broker: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: Annual flower Trial Garden �r, , Av asap j h PJM7 LLC PJM7 LLC Patrick McGaughran 824 Whedbee St Fort Collins, CO 80524 (970) 416-9988 Other - Private Cushman & Wakefield Nate Heckel (970) 267-7724 500 id:. ID: 4775026 Investment Retail - Storefront Retail/Office (Strip Center) Built in 1963, Renov 2009 Age: 56 25,103 SF 1.76 AC (76,666 SF) 72.1 $2,661,700 in 2018 $1,918,500 $743,200 $9.00 6 Bawarchi Biryanis; Black Bottle Brewery; Gallipott; Limelight Fitness; RealGO, Inc; The Markey Escape Rooms $2,200,000.00 from Alpine Bank 97231-07-005 ; Copyrighted report licensed to 1st Net Real Estate Services - 89536. 6/11/2021 Page 21 2716 S College Ave Fort Collins, CO 80525 Sale on 1/17/2020 for $2,178,956 ($145.75/SF) - Research Complete (Part of Multi -Property) 14,950 SF Retail Building Built in 1971 SOLD Recorded Buyer: True Buyer: Buyer Type: Buyer Broker: Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: No. of Tenants: Tenants at time of sale: Document No: Fort Collins Midtown LLC Jeffrey Roemer Jeff Roemer 1515 Arapahoe St Denver, CO 80202 (303) 312-4236 Individual Cushman & Wakefield Nate Heckel (970) 267-7724 01/17/2020 113 days $2,178,956 -Allocated $145.75 $50.02 100.0% Multi $313.50 ..% N Buyer & Seller Contact Info Recorded Seller: True Seller: Seller Type: Listing Broker: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: 1.: 1 1 "Irk k. Jot• Tbird Plaza LIc The W.W. Reynolds Companies, Inc. William Reynolds 1375 Walnut St Boulder, CO 80305 ;303) 442-8687 Developer/Owner-RGNL The W.W. Reynolds Companies, Inc. Jeff Wingert 1303) 543-9239 Investment Retail Built in 1971 Age: 49 14,950 SF 1 AC (43,560 SF) . J 1 ID: 5024215 8 B Signs Signs Banners at Large; B'signs-Signs Banners & Large Format Digital Prin; Colorado Vapors; CrossFit; Jackson Hewitt Tax Svc; Level 10 Fitness; Pretty Sweet, LLC; Scrubs Medical Janitorial 20200004073 •., 1 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 6/11/2021 Page 24 15 • N _ . 2100 W Drake Rd - Drake Crossing Fort Collins, CO 80526 Sale on 4/27/2018 for $2,320,382 ($117.29/SF) - Research Complete (Part of Multi -Property) 19,784 SF Retail (Neighborhood Center) Building Built in 1987 SOLD n zl N 00 -'. 1‘.L ! > 4 Recorded Buyer: True Buyer: Buyer Type: Buyer Broker: Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: No. of Tenants: Tenants at time of sale: Legal Desc: Document No: Sale History: Buyer & Seller Contact Info DCD Alpine, LLC Alpine Investment Group Tony St. George 460 E Sun Valley Rd Ketchum, ID 83340 (208) 726-1780 Developer/Owner-NTL JLL Jason Schmidt (303) 515-8095 04/27/2018 (295 days on market) 90 days $2,320,382 -Allocated $117.29 $26.37 95.4% Multi $969.88 t { IT Recorded Seller: True Seller: Seller Type: Listing Broker: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: L. t ........ • ',r ".tl Drake Crossing Retail Center L CNA Enterprises, Inc. 1901 Avenue Of The Stars _os Angeles, CA 90067 :310) 557-0777 Investment Manager JLL Jason Schmidt (303) 515-8095 investment Retail •- (Neighborhood Center) Built in 1987 Age: 31 19,784 SF 2.02 AC (87,991 SF) 500 r ID: 4241653 7 Drake Cyclery; First National Bank; Maya Cove; Poudre Pet & Feed Supply; Pringle's Fine Wine & Spirits; Regis Salons; Starbucks Shopps at Drake Crossing 20180024725 Portfolio sale of 3 properties sold for $9,425,000 ($165.85/SF) on 4/27/2018 Sold for $7,535,000 ($558.64/SF) on 7/5/2005 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 6/11/2021 Page 34 Longmont, CO 80501 Sale on 1/9/2019 for $967,200 ($78.99/SF) - Research Complete 12,245 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1997 Recorded Buyer: True Buyer: SCF RC Funding IV LLC Cogency Global 10 E 40th St New York, NY 10016 (212) 947-7200 Buyer Type: Corporate/User Sale Date: 01/09/2019 Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Actual Cap Rate: No. of Tenants: Tenants at time of sale: Parcel No: Document No: $967,200 -Confirmed $78.99 $19.31 97.1% Multi 7.00% Buyer & Seller Contact Info Recorded Seller: True Seller: Transaction Details Seller Type: Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: Rpm Properties Ronald Morrow Ronald Morrow 1502 Stardance Cir Longmont, CO 80504 (303) 818-0524 Individual SOLD JJ. ID: 4647031 Investment Retail a Storefront Retail/Office (Strip Center) Built in 1997 Age: 22 2,245 SF ".15 AC (50,094 SF) 81.8% $433,052 in 2017 $354,334 $78,718 $1.00 12 Callis Team Inc; Dabble Paint & Sip Studio; Gypsy Rose Barber & Haft Salon; Hidden Treasures; i tighland Property Management; Money Now Inc; Mountain Man Nut & Fruit Co.; Papa Murphy's Take °N' Bake Pizza; Salon Blue 22; Shimer Chiropractic; The Hdden Treasure, LLC; Vape Vault, LLC 1205271-57001 3693345 6/11/2021 Copyrighted report licensed to 1st Net Real Estate Services - 89536. Page 66 1st Net Real Estate Services Inc. 3333 S. Wadsworth Blvd. Ste. D105 Lakewood CO 80227 I 1 UAL .H N Orel i i i 7018 3090 0000 4839 9465 UN1 TED STATES POSTAL SERVICE Weld County Board of Equalization 1150 0 Street PO Box 758 Greeley CO 80631 1023 80631 U.S. POSTAGE PAID FCM LG ENV DENVER, CO 80227 JUL 08, AMOUNT 21 $9.05 R2307M152644-35 152644-35 July 12, 2021 Petitioner: BAREROSE WINDSOR LLC 1200 PENNSYLVANIA ST APT 100 DENVER, CO 80203-2562 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBS ITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2021-1928, AS0109 Appeal 2008230127 Hearing 8/2/2021 10:00 AM Account(s) Appealed: R0584901 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 2, 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 LPLIs./o:yf G'i. Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Assessor July 12, 2021 Agent: 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 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: BAREROSE WINDSOR LLC 1200 PENNSYLVANIA ST APT 100 DENVER, CO 80203-2562 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2021-1928, AS0109 Appeal 2008230127 Hearing 8/2/2021 10:00 AM Account(s) Appealed: R0584901 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 2, 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: BAREROSE WINDSOR LLC 1200 PENNSYLVANIA ST APT 100 DENVER, CO 80203-2562 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): 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2021-1928 Appeal 2008230127 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 R0584901 Stipulated - Approved Stipulated Value $2,573,365 $2,461,971 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 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: 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 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: BAREROSE WINDSOR LLC 1200 PENNSYLVANIA ST APT 100 DENVER, CO 80203-2562 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2021-1928 Appeal 2008230127 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 R0584901 Stipulated - Approved Stipulated Value $2,573,365 $2,461,971 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