HomeMy WebLinkAbout20211998.tiffCOUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Number: R8372200
STIPULATION (As To Tax Year 2021 Actual Value)
RE PETITION OF :
NAME: LN REAL ESTATE LLC C/O THOMSON REUTERS
ADDRESS: PO BOX 460069
HOUSTON, TX 77056-8069
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:
4058 CAMELOT CIR, WELD; L11-12-13 BLK1 RADEMACHER BUSINESS
PARK PUD AMD PLAT
2. The subject property is classified as industrial.
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2021 :
Total: $5,105,000
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: $5,000,000
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 further review, an adjustment was indicated.
7. Both parties agree that:
The hearing scheduled before the Board of Equalization on 08/04/2021
at 10:00 am be vacated.
A hearing has not yet been scheduled before the Board of Equalization.
R8372200
1
DATED this 29th day of July , 2021 .
Mafit Sefffrri
Matt Selling (Jul 29, 02118:07 PDT)
Petitioner(s) or Agent or Attorney
Address:
1999 Broadway, Suite 4100
Denver, CO 80202
Telephone: 3032221858
R8372200
(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
R8372200/LN REAL ESTATE LLC CIO
THOMSON REUTERS
Final Audit Report
2021-07-30
Created: 2021-07-29
By: MILLIE CHANNELL (mchannell@co.weld.co.us)
Status: Signed
Transaction ID: CBJCHBCAABAA2tMODTc0v5dKzQ7DjHIKkrVIUbeCzk_7
"R8372200/LN REAL ESTATE LLC 0/O THOMSON REUTERS"
History
Document created by MILLIE CHAN NELL (mchannell@co.weld.co.us)
2021-07-29 - 9:49:55 PM GMT- IP address: 204A33.39.9
Document emailed to MILLIE CHANNELL (mchannell@co.weld.co.us) for approval
2021-07-29 - 9:49:57 PM GMT
A0 Document approved by MILLIE CHANNELL (mchannell@co.weld.co.us)
Approval Date: 2021-07-29 - 9:51:45 PM GMT - Time Source: server- IP address: 204.133.39.9
Document emailed to Jason Marini (jmarini@co.weld.co.us) for approval
2021-07-29 - 9:51:46 PM GMT
Email viewed by Jason Marini (jmarini@co.weld.co.us)
2021-07-29 - 9:54:39 PM GMT- IP address: 204A33.39.9
Lo Document approved by Jason Marini (jmarini@co.weld.co.us)
Approval Date: 2021-07-29 - 9:56:10 PM GMT - Time Source: server- IP address: 204.133.39.9
Document emailed to Jason Marini (appeals@weldgov.com) for signature
2021-07-29 - 9:56:11 PM GMT
Email viewed by Jason Marini (appeals@weldgov.com)
2021-07-29 - 9:56:25 PM GMT- IP address: 204A33.39.9
Lo Document e -signed by Jason Marini (appeals@weldgov.com)
Signature Date: 2021-07-29 - 9:56:47 PM GMT - Time Source: server- IP address: 204A33.39.9
Document emailed to Matt Selling (matt.selling@ryan.com) for signature
2021-07-29 - 9:56:49 PM GMT
Adobe Sign
Email viewed by Matt Selling (matt.selling@ryan.com)
2021-07-29 - 9:57:D9 PM GMT- IP address: 174.248.179.134
A0 Document e -signed by Matt Selling (matt.selling@ryan.com)
Signature Date: 2021-07-30 - 1:07:56 AM GMT - Time Source: server- IP address: 165.225.243.32
Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature
2021-07-30 - 1:07:58 AM GMT
Email viewed by Karin McDougal (weld-cboe@weldgov.com)
2021-07-30 - 8:51:24 PM GMT- IP address: 204A33.39.9
A, Document e -signed by Karin McDougal (weld-cboe@weldgov.com)
Signature Date: 2021-07-30 - 8:52:04 PM GMT - Time Source: server- IP address: 204A33.39.9
Q Agreement completed.
2021-07-30 - 8:52:D4 PM GMT
Adobe Sign
Thank you for submitting an appeal to the Weld County Board of Equalization. We will review the
information submitted and you will receive a date to appear before the board.
Contact Information:
Contact Name: Matt Selling
Contact Email: matt.selling@ryan.com
Contact Phone: 303-222-1858
Appeal Submitted: 11:15 AM July 13, 2021
Appeal submitted for:
R8372200 - LN REAL ESTATE LLC
4058 CAMELOT CIR, WELD
Legal: RAD L11-12-13 BLK1 RADEMACHER BUSINESS PARK PUD AMD PLAT
Reason: Value Too High - The subject property is valued in excess of fair market value based on the
three approaches to value; cost, market and income. In addition, the property is valued in excess of
other similarly situated properties.
Estimate of Value: $4,527,063.00
Document(s) Submitted:
Account: All Accounts - BFS CO PT Longmont- Camelot Appeal Filing 2021-05-18.pdf
You have selected the following Date Preferences:
The Appeal process can take several weeks for us to complete. You will receive a written decision
on your appeal within five (5) working days of your hearing.
We thank you for your submittal.
Weld County Board of Equalization
2021-1998
ASOlO9
Weld County: Assessor https://www.co.weld.co.us/apps llassessorlappeall`?process=complete&...
CONTACT INFO
so o
Real/Business Personal Property Appeal
Appeal his been submitted Successfully!
You will receive a n email i _ confirmation i rmation of your su _ _ ission.. Please remember _ er to
check your junk mail.
You may submit another appeal or return to the Assessor's Ho epage.
Between May 1 and June 2, per CURS. §39-5-122(1), you may appeal your real property value.
Between June 15 and June 30, per C.R.S. §39-5-122(1), §39-5-122(4), §39-6-111.5, §39-7-102.5,
you may appeal your business personal property and/or oil and gas value.
To appeal the value of your property online, please have the following information available
prior to beginning your appeal:
• Owner Name
• Contact Phone Number
• Email Address
• Account/Schedule Number (found on Notice of Valuation)
• Reason for Appeal
• Supporting Documentation in an electronic format to be attached
• Agent Authorization in an electronic format to be attached (This is required if
you are acting as an agent and you are appealing an account that is not under
your name as ownership)
once you have the required documentation, you can begin the appeal process by entering
your email address below. Upon submission of your appeal, you will receive an email
confirmation that your appeal has been received.
1 of 2 5118/2021, 7:32 PM
Weld County: Assessor https://www.co.weld.co.us/apps llassessorlappeall`?process=complete&...
Weld County Assessors Office
(970) 400-3650
Email Address:
Contact Information
Weld County Offices: Weld County Colorado
1150 O ST. Greeley, Co 80631
Mailing Address: Weld County Colorado
PO Box 758, Greeley, CO 80632
Phone: (970) 400-4000
ir CI
Useful Links
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Privacy Policy & Disclaimer I Accessibility Information I Social Media Commenting Policy
2 of 2 5/18/2021, 7:32 PM
A VALUE ANALYSIS FOR:
ProBuild - Full Service
SITE ADDRESS:
4058 Camelot Circle
Longmont, Colorado
Weld Co
SITE NAME:
Longmont -4058 Camelot Cir
PARCEL NUMBER(S):
R0208287 & R8372200
VALUE YEAR:
2021
ASSESSOR'S ACTUAL VALUE
$5,670,586
$82 PSF
TAXPAYER'S OPINION OF ACTUAL VALUE
$5,081,800
$74 PSF
*Avg. of Cost approach and Income approach to value*
PREPARED BY:
Ryan
Ryan)
Matt Selling
Acting as Agent
303-222-1858
matt.selling@ryan.com
As of
January 1, 2021
Al -1
4058
Parcel: R0208287,
Property Type: Industrial
Year Built: 1905
NLA: 68748
Owner -Occupied?: NO
ProBuild
Camelot
R8372200
Site
Circle,
Pictures
- Full
Longmont,
Service
Colorado
2021
Initial
%
2020
Value
l SF:
Increase: 1,
Value $5,087,547
/ SF: $74.00
$5,670,586
$82,48
1, ; I
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5/16/2021 CoreLogic I Commercial Estimator - Report
CoreLogic - SwiftEstimator
Commercial Estimator - Summary Report
General Information
Estimate ID:
Property Owner:
Property Address:
Local Multiplier:
Architects Fee:
es
Bldg 1
Area
Stories in Section
Stories in Building
Shape
Perimeter
Effective Age
Longmont -4058 Camelot Cir Date Created:
Builders FirstSource
4058 Camelot Circle
Longmont, CO 80501
Bldg 1: 1
Bldg 2: 1
Bldg 3: 1
Bldg 4: 1
Bldg 5:1
38926
1
rectangular
(auto -talc)
19
Date Updated:
Date Calculated:
Cost Data As Of:
Report Date:
Overall Depreciation
Physical Depreciation
Functional Depreciation %
External Depreciation
05-25-2019
05-25-2019
05-16-2021
05-2021
using default
ILA
Occupancy Details
Occupancy
458 Discount Warehouse Store
Occupancy Total Percentage
° Class
100 D
100
Height
18
Quality
2.0
System : Land and Site
7001 Land and Site : Paving, Asphalt
7004 Land and Site : Paving, Concrete, Unreinforced
7004 Land and Site : Paving, Concrete, Unreinforced
7117 Land and Site : Fence, Chain Link
61 Land and Site : Land
61 Land and Site: Land
%/Units
18000
11100
936
4600
1631773
554737
Quality Depr % Other
Occ.
Occ.
Occ.
Occ.
Occ.
Occ.
Bldg 2
Area
Stories in Section
Stories in Building
Shape
Perimeter
Effective Age
31684
1
rectangular
(auto-calc)
19
Occupancy Details
Occupancy
406 Storage Warehouse
Occupancy Total Percentage
Overall Depreciation
Physical Depreciation
Functional Depreciation
External Depreciation
Class
100 D
100
Height
22
Quality
2.0
System : Land and Site
7004 Land and Site : Paving, Concrete, Unreinforced
7400 Land and Site : Awning, Metal
%/Units
4378
1560
Quality
Occ.
Occ.
Depr %
Other
https://www,swiftestimator.com/Main/CEireports/PRtasp
as I. L. I 1a.1._w..._
Ai - 3
1/4
5/16/2021
CoreLogic I Commercial Estimator - Report
Bldg 3
Area
Stories in Section
Stories in Building
Shape
Perimeter
Effective Age
3500
1
rectangular
(auto-calc)
19
Overall Depreciation
Physical Depreciation
Functional Depreciation
External Depreciation
Occupancy Details
Occupancy
473 Material Shelter
Occupancy Total Percentage
100
100
Class
D
Height
16
Quality
2.0
BIdg4
Area
Stories in Section
Stories in Building
Shape
Perimeter
Effective Age
3500
1
rectangular
(auto-calc)
19
Overall Depreciation
Physical Depreciation
Functional Depreciation
External Depreciation
Occupancy Details
Occupancy
473 Material Shelter
Occupancy Total Percentage
100
100
Bldg 5
Area
Stories in Section
Stories in Building
Shape
Perimeter
Effective Age
3500
1
rectangular
(auto-caic)
19
Class
D
Height
16
Quality
2.0
Overall Depreciation
Physical Depreciation
Functional Depreciation
External Depreciation
Occupancy Details
Occupancy
473 Material Shelter
Occupancy Total Percentage
Bldg 6
Area 3500
Stories in Section 1
Stories in Building
Shape
Perimeter
Effective Age
rectangular
(auto-caic)
19
100
100
Class
D
Height
16
Quality
2.0
Overall Depreciation
Physical Depreciation
Functional Depreciation
External Depreciation
Occupancy Details
Occupancy
406 Storage Warehouse
Occupancy Total Percentage
100
100
Class
D
Height
22
Quality
2.0
System Land and Site
7004 Land and Site : Paving, Concrete, Unreinforced
7004 Land and Site : Paving, Concrete, Unreinforced
%/Units
80
380
Quality
Occ.
Occ.
Depr % Other
https://www.swiftestimatorcom/Main/CE/reports/PFV.asp
Al -
2/4
5/16/2021
CoreLogic I Commercial Estimator - Report
Bldg 7
Area
Stories in Section
Stories in Building
Shape
Perimeter
Effective Age
5540
1
rectangular
(auto-calc)
19
Occupancy Details
Occupancy
406 Storage Warehouse
Occupancy Total Percentage
Overall Depreciation
Physical Depreciation
Functional Depreciation
External Depreciation
Class
100 D
100
then " "' ' " e a to A..J aFa e.aa4- Ja YvJ .1.11 ter •i3i£eneaur S'e•Ji•J`"lilt l Na.? J'•4'.11,0MJl SJ t.ff ]j .aa..11.:£41a'8i'
System : Land and Site
7004 Land and Site : Paving, Concrete, Unreinforced
Calculation Information (All Sections)
Basic Structure
Base Cost
Exterior Walls
Heating & Cooling
Basic Structure Cost
Less Depreciation
Physical & Functional
Depreciated Cost
Miscellaneous
Land
Paving, Asphalt
Paving, Concrete, Unreinforced
Paving, Concrete, Unreinforced
Fence, Chain Link
Paving, Concrete, Unreinforced
Awning, Metal
Paving, Concrete, Unreinforced
Paving, Concrete, Unreinforced
Paving, Concrete, Unreinforced
Total Cost
Cost data by CoreLogic, Inc.
Units
90,150
79,650
79,650
90,150
39.4%
90,150
18,000
11,100
936
4,600
4,378
1,560
80
380
144
90,150
Height
22
%/Units
144
Quality
0cc.
Depr
Quality
2.0
Other
aecaneexcerecc-sxece r.n.re< c.:Y. avrct et( drIF e-cscccccceecc ce.e accent rc_cs.rc.ry a {NCO/ me "CC CC CC CSC eceeer.C C tea
Unit Cost
$33.94
$11.62
$5.86
$49.39
$29.94
$2.66
$5.61
$5.61
$3,35
$5.61
$11.26
$5.61
$5.61
$5.61
$ 75.60
Total
Cost New
$3,059,772
$925,569
$466,942
$4,452,283
$2,186,510
$47,880
$62,271
$5,251
$15,410
$24,561
$17,566
$449
$2,132
$808
$6,815,121
Less Total Cost
Depreciation Depreciated
$1,197,233
$368,779
$187,556
$1,753,568
$1,862,539
$556,790
$279,386
$2,698,715
$1,753,568 $2,698,715
$1,753,568 $2,698,715
$1,753,568
$2,186,510
$47,880
$62,271
$5,251
$15,410
$24,561
$17,566
$449
$2,132
$808
$5,061,553
***Except for items and oasts listed under *Addition Details,. this SwiftEstimator report has been produced utilizing current cost data and is
in compliance with the Marshall & Swift Licensed User Certificate. This report authenticates the user as a current Marshall & Swift user`**
�► CoreLogic
Al -
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5/16/2021 CoreLogic I Commercial Estimator - Report
Al -
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4058
Parcel: R0208287,
Property Type: Industrial
Year guilt: 1905
NLA: 68748
Owner -Occupied?: NO
2021 Income
Camelot
R8372200
ProBuild
Approach
-
Circle,
Full
Longmont,
to Value
Service
Colorado
2017
2016
Initial
% Increase:
Market
Value: $5,670,586
/ SF: $82.48
11%
Value: $5,087,547
/ SF: $74.00
Gross
Less:
Effective
Less:
Replacement
Net
Overall
Vacancy
Non
Operating
Potential
Gross
Reimbursable
Rate
Rent
&
Income
Reserve
Income
(Rounded)
Credit Loss
(E+GI)
Foot
Expenses
13%
6%
PRO
FORMA
$465,424
$60,505
$404,919
$24,295
$386,624
7.50%
$5,075,000
$74
$6,77'
t
68,748
NLA
Value
Value
indication
Per Square
-Subject's lease
abstract
attached.
Other fee -simple
assumptions
supported
by CoStar data.
Ry1
Al -7
Rent
Longmont Industrial
MARKET RENT GROWTH (YOY)
8%
6%
4%
2%
-2%
-4P/0
I
VACANCY RATE
2015
2016
Forecast
2017 2018 2019 2020 2021 2022 2023 2024
S Specialized Industrial ■ Logistics t Flex Longmont • Boulder
35%
30%
25%
20%
15%
10%
5% j
P
Forecast
I
F
I
I
0% 111 I i I �� ' 1 1 ' S ■
2015 2016 2017 2018 2019
2020 2021 2022 2023 2024
Specialized Industrial 5 Logistics ® Flex Longmont ■ Boulder
\,ee
ease
LNRE - Longmont -Camelot Cir (CO) (13698)
Report Date: 5/16/2021
\sc(--)“,k-4c
Lease Information
Lease ID:
Tenant Legal Name:
Property Name:
Lease Owner:
Address 1:
Address 2:
City:
State:
Lease Hierarchy:
13698
ProBuild South, LLC
Longmont -Camelot Cir (CO)
LNRE
4058 Camelot Cir
Longmont
CO
Zip Code:
Country:
Floor:
Suite:
Property Type:
Agreement Type:
Lease Email Address:
Description:
Actual Address:
Real Estate--> Mountain Region
80504
United States
Operations
Full Facility
113698@bfs.costarremail.com
r
ITerm Information
Lease Agreement Date:
Possession Date:
Rent Commencement Date:
Original Lease Commencement:
Original Lease Expiration Date:
CAM:
Percentage Rent:
Dark Clause:
2/1/2006
2/1/2006
2/1/2006
2/1/2006
Current Lease Commencement
Current Lease Expiration Date:
Current Term:
Term Comment:
Lease Status:
Lease Type:
Lease Recovery Type:
Last Possible Expiration:
Lease Life Remaining:
2/1/2006
1/31/2026
20 years
Active
Lessee
1/31/2046
24 years 8 months 15 days
tie nant Space Information
1
Enclosed SF:
Unenclosed SF:
Total Lease SF:
Leased Acres:
Pro Rata Share:
68,748.00
17,300
86,048
21.00
100%
Account Type:
Currency:
Measure Units:
AP
U'D
SF
Utilization
Pagel of
Lease
LNRE - Longmont -Camelot Cir (CO) (13698)
Report Date: 5/16/2021
SpaceType Structure# WphaCode
Warehouse
Warehouse
Shed
Shed
Shed
Shed
Shed
!Allocations
Lease Allocations
Alpha
Total
IGL Recurring Events
Category
RE Rent
RE Rent
1
2
3
5
6
7
Description
EnclosedSF
30478.00
38270.00
3300.00
3500.00
3500.00
3500.00
3500.00
UnenclosedSF
LOBUse
.s ..-d.r.-V i>-iYr.ai-.ii am` - ..av-.R-a
Department
Name
RENT -2016
RENT -2021
Segment 3
Begin Date
2/1/2006
2/1/2016
Segment 4
End Date
1/31/2016
1/31/2026
Cost Percent
0.00
Amount
31,857.65
38,765.50
Space Percent Head Count.
0.00
Amt Per Unit Cur.
5.56
677
USD
USD
0
Frequency
Monthly
Monthly
ev rKK -?—. .rlf VP rSk•
Status
Vendor
LN REAL
ESTATE LLC
LN REAL
ESTATE LLC
IGL Payments by Month and Category
RE Rent
Total
05-2021
38,765.50
38, 765.50
06-2021 Total
38, 765.50
38, 765.50
IGL Payments by Year and Category
77,531.00
77,531.00
Page 2 of 6
LETTER OE AUTHORIZATION
FOR PROPERTY TAX REPRESENTATION
Builders First Source / Probuild
i l d
Properly Owner
See attached list.
Subject Property
See attached fist:.
Jurisdiction and State
2021/2022
Year
This letter authorizes Ryan, LLC and its affiliate, Ryan Tax Compliance Services, LLC to represent
the above -named property as its property tax agent in the jurisdiction and state named above.
This authorization includes, but is not limited to: filing property renditions or returns; signing and
filing appeals; examining property tax records; and, appearances before the assessor, boards of
equalization or review, or other governmental agencies responsible for the assessment f
property.
p SessmeM�� ��
.
If there are any questions concerning this authorization please contact the following:
Matt Selling, 603.222.1858, matt.se Ping@ryan.com
A copy of any application or appeal attached to this authorization has been provided to the
undersigned property owner. A facsimile or scanned image of a signature below shall constitute
an original signing of this authorization and the document containing the original signature will be
signature
submitted upon request.
This authorization shall remain effective as long as perienit ed by law or untig revoked in writing by
the owner. The person signing i n g below certifies ifi
g g rt es that they are a duly appointed officer,
representative or agent of the owner and that they have the legal capacity to execute this
authorization_
Property Owner:
Signature
Assistant Secretary
Eric Womack
2/17/202
Printed Name Date
Title
averTC,_ pcCDLD4WO. t, -Y Orra_ftS\)-cem
Sworn and subscribed before me this day of
HEATHER CNUHN
NOTARY P LII3LIC STA'c OF COLORADO
NOTARY 10 2015 24$91
MY COAVMSSION EXPIRES JON 2472023
Site: See attached list.
Notary Public
My commission expires:
Page 1 of
Al -11
Assessors) Site Name
Douglas
Douglas
El Paso
Garfield
Garfield
La Plata
Mesa
Montezuma
Montrose
Pitkin
Routt
Weld
Weld
Durango- 600 Sawmill Road
Grand Junction -2773 Riverside
Pkwy/2779 D Road
Cortez -12028 Hwy 145
Montrose -16 West Main St
Aspen -38005 Hwy 82
RE Parcel List
R069696
R006038
110060101,
R0060267,
R0650857
Steamboat Springs -1500 13th St
Greeley -Parcel 080530200007
Longmont -4058 Camelot Or
R021736
R6817248
R1365002
R0208287,
R8372200
Parcel Assessee
IN Real Estate LLC
LN Real Estate LLC
Douglas Way LLC
PROBUILD COMPANY LLC
Glenwood Real Estate Investment LLI
Carroll Ventures INC
Pro- Build Real Estate Holdings LW
LN Real Estate LLC
ProBuild Real Estate Holdings LLC
ProBuild Company LLC
Pro -Build Real Estate Holdings, LW
Pro Build Real Estate Holdings LLC
LN Real Estate LLC
Page 2 oft
Al - 12
July 15, 2021
Petitioner:
LN REAL ESTATE LLC
0/O THOMSON REUTERS
PO BOX 460069
HOUSTON, TX 77056-8069
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):
RYAN
1999 BROADWAY STE 4100
DENVER, CO 80202-5719
RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket 2021-1998, AS0109 Appeal 2008230171 Hearing 8/4/2021 10:00 AM
.Account(s) Appealed:
R8372200
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 orsending 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 15, 2021
Agent: Petitioner:
RYAN
1999 BROADWAY STE 4100
DENVER, CO 80202-5719
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
LN REAL ESTATE LLC
C/O THOMSON REUTERS
PO BOX 460069
HOUSTON, TX 77056-8069
RE:, THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket 2021-1998, AS0109 Appeal 2008230171 Hearing 8/4/2021 10:00 AM
Account(s) Appealed:
R8372200
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 to assessor@weldgov.com. Upon receipt ofyour 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:
LN REAL ESTATE LLC
C/O THOMSON REUTERS
PO BOX 460069
HOUSTON, TX 77056-8069
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):
RYAN
1999 BROADWAY STE 4100
DENVER, CO 80202-5719
RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket 2021-1998 Appeal 2008230171 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
R8372200 Stipulated - Approved
Stipulated Value
$5,105,000 $5,000,000
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
az,L `C �eoruG
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:
RYAN
1999 BROADWAY STE 4100
DENVER, CO 80202-5719
Petitioner:
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
LN REAL ESTATE LLC
C/O THOMSON REUTERS
PO BOX 460069
HOUSTON, TX 77056-8069
RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket 2021-1998 Appeal 2008230171 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
R8372200 Stipulated - Approved
Stipulated Value
$5,105,000 $5,000,000
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
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