Loading...
HomeMy WebLinkAbout20202833.tiffCOUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number P9103491 STIPULATION (As To Tax Year 2020 Actual Value) RE PETITION OF : NAME: IDEAL COMPLETIONS GROUP LLC ADDRESS: PO BOX 330 GAINESVILLE, TX 76241-0330 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2020 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: Machinery & Equipment located at Ideal Completions Group 26015 CR 46 Kersey CO. 2. The subject property is classified as Personal property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2020 : Total $6,140,072 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2020 actual value for the subject property: Total $4,837,576 5. The valuation, as established above, shall be binding only with respect to tax year 2020 . 6. Brief narrative as to why the reduction was made: The equipment that was transferred out of Weld County or disposed of has been removed from the asset listing. 7. Both parties agree that: The hearing scheduled before the Board of Equalization on 9/28/2020 at 1:30 be vacated. []A hearing has not yet been scheduled before the Board of Equalization. 1 QOQO -ag33 ASO 10G Co DATED this 15th Tay Lambert Jay Lambert (Sep 15, 2020 1790 CDT) Petitioner(s) or Agent or Attorney day of September , 2020 . Address: c/o Merit Advisors LLC P.O. Box 330 Gainesville, TX 76241 Telephone: 940-665-6452 Docket Number P9103491 Stip-1.Frm (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 ' inkk,Dorl c6 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 P9103491/Ideal Completions Final Audit Report 2020-09-15 Created: 2020-09-15 By: Sean McElroy (smcelroy@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAAHVvpAUi_gn_8srEbWJcUwbZC9l4C36FF "P9103491/Ideal Completions" History Document created by Sean McElroy (smcelroy@co.weld.co.us) 2020-09-15 - 9:00:08 PM GMT- IP address: 204.133.39.9 Document emailed to Sean McElroy (smcelroy@co.weld.co.us) for approval 2020-09-15 - 9:00:09 PM GMT C.470. Document approved by Sean McElroy (smcelroy@co.weld.co.us) Approval Date: 2020-09-15 - 9:07:22 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Sean McElroy (smcelroy@weldgov.com) for approval 2020-09-15 - 9:07:24 PM GMT Email viewed by Sean McElroy (smcelroy@weldgov.com) 2020-09-15 - 9:07:39 PM GMT- IP address: 204.133.39.9 Document approved by Sean McElroy (smcelroy@weldgov.com) Approval Date: 2020-09-15 - 9:09:35 PM GMT - Time Source: server- IP address: 204.133.39.9 L Document emailed to Brenda Dones (appeals@weldgov.com) for signature 2020-09-15 - 9:09:36 PM GMT ` ) Email viewed by Brenda Dones (appeals@weldgov.com) 2020-09-15 - 9:25:33 PM GMT- IP address: 204.133.39.9 Document e -signed by Brenda Dones (appeals@weldgov.com) Signature Date: 2020-09-15 - 9:26:53 PM GMT - Time Source: server- IP address: 204.133.39.9 E+ Document emailed to Jay Lambert (jlambert@meritadvisor.com) for signature 2020-09-15 - 9:26:55 PM GMT Email viewed by Jay Lambert (jlambert@meritadvisor.com) 2020-09-15 - 9:59:07 PM GMT- IP address: 104.47.58.126 Adobe Sign Document e -signed by Jay Lambert (jlambert@meritadvisor.com) Signature Date: 2020-09-15 - 10:00:29 PM GMT - Time Source: server- IP address: 209.55.113.210 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2020-09-15 - 10:00:31 PM GMT n Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2020-09-15 - 10:45:07 PM GMT- IP address: 204.133.39.9 fro Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2020-09-15 - 10:45:34 PM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to Sean McElroy (smcelroy@co.weld.co.us), Jay Lambert (jlambert@meritadvisor.com), Karin McDougal (weld-cboe@weldgov.com), Brenda Dones (appeals@weldgov.com), and 2 more 2020-09-15 - 10:45:34 PM GMT Adobe Sign Thank you for submitting an anneal to the Weld County Board of Pnnaii7atinn We will rrviow tha information submitted and you will receive a date to appear before the board. Contact Information: Contact Name: Jay Lambert lu' nntart Eimail• jlarnbert@rneritadvisor.com resn, . JAUAII IJ /fl 11A4A I� WU Y IJVA.+.VIAA Contact Phone: 940-665-6452 Appeal Submitted: 10:19 AM September 14, 2020 Appeal submitted for: P9103491 - IDEAL COMPLETIONS GROUP LLC 26015 COUNTY ROAD 46 , KERSEY Legal: PT SW4 9-4-64 LOT A REC EXEMPT RE -2452 (.67R) Reason: Value Too High - See attached Estimate of Value: $4,837,576.00 Document(s) Submitted: Account: All Accounts - 2020 Signed Letter.pdf Account: All Accounts - Amended Rendition - Ideal Completion Services - Weld Co. - CO - 2020 - #P9103491.pdf Account: All Accounts - Protest - Ideal Completion Services - Weld Co. - CO - #P9103491.pdf Account: All Accounts - Protest - Ideal Completion Services - Weld Co. - CO - #P9106754.pdf Account: P9103491 - P9103491 INITIAL PROTEST.pdf You have selected the following Date Preferences: Monday, September 28, 2020, from 1:30-5:00 p.m. 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 2020-2833 A5O tOG, March 11, 2020 RE: Agent Representation To Whom it May Concern, We are writing to inform you that Merit Advisors, LLC is serving as our property tax representative for Ideal Completion Services and related subsidiaries for tax year 2020. Please direct all correspondence, including, but not limited to, rendition forms, notices of appraised value, and tax statements to the following: Ideal Completion Services c!o Merit Advisors, LLC P.O. Box 330 Gainesville, TX 76241 Should you have any questions or need additional information regarding this matter, please contact me at (403) 930-5855 or, by email, at david.schaverien@idealcompletions.com Sincerely, David Schaverien Chief Financial Officer Ideal Completion Services Ideal Completion Services LLC. 12 West 2nd St Suite 1205, Tulsa, OK, 74103 Merit Advisors Weld County 1400 North 17th Avenue Greeley, CO 80631. Please find the enclosed 2020 Amended Rendition/Return for the following taxpayer; Ideal Completion Services - P9103491 Included is the amended rendition for Ideal Completion Services in Weld County, Colorado. The included rendition provides a more accurate and informed depiction of the assets that Ideal Completion Services currently has in Weld County. The original rendition that was filed for Ideal Completions Group was rendered in error as we were not aware of an existing account for Ideal Completions Services in Weld County. Please close the account associated with Ideal Completions Group, account #9106754 . We have included 30% obsolescence on our rendition and appreciate any and all consideration.The U.S. land rig count declined by 26% over the course of 2019 according to Baker Hughes. The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drillings rigs are active, they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing, and processing hydrocarbons. Ideal Completions was directly impacted by the decline in rig count in 2019 and suffered as a company by a lack of work (for employees and equipment), a decline in revenue and employee count and a decrease in demand for their Production testing equipment and services. Much of their production testing equipment is sitting stacked/idle in their yard and will continue to do so for the unforeseeabiefuture. Please ensure your records reflect the following mailing address for the above account: Ideal Completion Services C/O Merit Advisors, LLC PO BOX 330 Gainesville, TX 76241 Should you have any questions or require additional information, please do not hesitate to contact me anytime at 940-641-7747 or jmaldonado@meritadvisor.com. Warmest Regards, John Maldonado Agent Form DS 056-61-20 DS 056 61-20 B.A. Code T.A Code P91o491 --- --- 1/1/2020 4/15/2020 A. NAME AND MAILING ADDRESS (Indicate any BUSINESS NAME AND PHYSICAL LOCATION OF THE changes or corrections) PERSONAL PROPERTY AS OF JANUARY I, 2020 FOR ASSESSOR USE ONLY Received: Completed: Late Penalty ❑Y or EN State of Colorado DS 056 - Personal Property Declaration Schedule Confidential Schedule/Acct# Assessment Date Due Date RETURN TO COUNTY ASSESSOR Weld Ideal Completions Services LLC Ideal Completions Services LLC CIO Merit Advisors, LLC PO BOX 330 26015 County Road 46, Kersey, Co Gainesville, TX 76241 B. BUSINESS: Start Up Date (at this location) I Square Footage the Business Occupies Product or Service Provided C. BUSINESS STATUS: (Please check the appropriate boxes ONLY) • NOT CURRENT BUSINESS OWNER. If you are not the current business owner, check here and provide the name and address of the new owner: Date Sold: ❑ NEW BUSINESS/ORGANIZATION. You must give a complete itemized listing of all personal property. Use the first part of Section D and attach separate sheet(s) if needed. The assessor may select your business for an audit whether or not you file a declaration schedule. X] EXISTING BUSINESS/ORGANIZATION. Indicate any additions and/or deletions to your listing in Section D. ▪ NEW OWNER OF PREVIOUSLY EXISTING BUSINESS/ORGANIZATION. You must give a complete itemized listing of all personal property acquired in a business purchase. Include additions made prior to Jan. 1 since that purchase. AS OF JANUARY 1, DID YOUR BUSINESS CEASE OPERATIONS? D Yes B No If yes, please complete: ❑Personal Property Sold ❑Personal Property Stored Date Sold/Stored if sold, Selling Price of Furnishings, Assets, and Equipment Only: $ If sold, Name and Contact Information of New Owner of the Personal Property: Phone Number NOTE: If sold to more than one new owner, please attach a listing of the new owners. ❑ PROPERTY CHANGED LOCATION TO ON (DATE) D. ITEMIZED LISTING OF PERSONAL PROPERTY: FOR THE MOST ACCURATE ASSESSMENT, IT IS RECOMMENDED THAT YOU ATTACH A COMPLETE ITEMIZED ASSET LISTING WITH EACH BUSINESS PERSONAL PROPERTY DECLARATION FILING. ❑ CHECK HERE IF THERE ARE NO CHANGES FROM LAST YEAR'S DECLARATION SCHEDULE INFORMATION. IF SO, GO DIRECTLY TO SECTION H. COMPLETE THE FORM, SIGN IT, AND RETURN FORM TO THE ASSESSOR. NOTE: DO NOT CHECK THIS BOX IF THIS IS A NEW BUSINESS OR ORGANIZATION. • If NO ADDITIONS, check here; otherwise, list all personal property acquired prior to January I. Attach additional sheets if necessary. NOTE: Include ALL Expensed Assets with a Life of Greater Than I Year, Fully Depreciated Assets Still in Use, and Stored Assets that are Subject to IRS Depreciation. Do not report licensed vehicles in this section. Item ID# Quantity Description Including Model or Capacity Year Acquired New or Used (check only one) Original Installed Cost Ago &Yr First Placed into Service ❑ New ❑Used $ ❑ New D Used $ NIA ❑ New ❑ Used $ ❑ New O Used $ Cl New O Used $ • If NO DELETIONS, check here; otherwise, list all personal property sold, traded, or discarded prior to January 1. Attach separate sheet(s) if needed. Item ID# Quantity Description Including Model or Capacity Year Acquired New or used (check only one) Original Installed Cost N/A ❑ New DUsed $ ❑ New ❑Used $ E. MOBILE EQUIPMENT: (Not leased, loaned or rented) ❑ Check here and complete this section if there is any mobile equipment at this location. Item ID # Description / Model or Capacity Licensed! 7 Tab Year Acquired Check New for Each or Used Item Your Original I Year in Installed Cost i use El ❑ New ❑Used 1 S El New El Used I $ El ❑ New ❑ Used $ F. GENERAL LEDGER: (Original installed costs only) DO NOT USE FISCAL YEAR BALANCES. Do not list mobile equipment with SMM license plates, rental decals, orZ-tabs. Furniture Machinery & i Capitalized Equipment i Mobile Equipment Electronic Office Equipment Computers Signs All Other BALANCE JAN. I, 2019 BALANCE JAN. I, 2020 G. FULLY DEPRECIATED ASSETS / EXPENSED ITEMS: Attach a separate sheet includ ng the appropriate Federal Forms denoting all fully depreciated assets and expensed items. If you have none, write "None." Description Year i Acquired Cost Description Year Acquired Cost 1. I $ 4. I $ 2. I $ N/A $ 3. I $ 6. $ H. LEASED, LOANED, OR RENTED PROPERTY: (Declare Property Owned by Others) Did you have any leased, loaned, or rented machinery, equipment. furniture, signs. vending machines, etc., at this location on January 1? ❑ Yes Iiallo If you checked yes, list the items below, showing owner's name, address. and telephone number; property description; etc. If any of the leased equipment listed is capitalized on your books and records, please check the box at the beginning of the line corresponding with the name of the Lessor. If additional room is needed, attach a complete listing of all leased personal property. If you checked no, go to Section [ to complete this form. N.I. Personal Property Owner/Lessor's Name, Address, Description Including Model/ Telephone Number Serial No. or Capacity New or Used Tot. Lease Cost S Orig. Inst. Cost Lease Number Term From -To Annual Rent S • El New El Used S S ° See Aaed ❑ New ❑Used S S S H.2. lllobiie Equipment Lic'd/Z-Tab ❑ ❑ New ❑Used NIA S S S • ❑ O New ❑Used I S S S are included in the total annual $ rent shown above, check here and furnish details. • If purchase or maintenance options I. RENEWABLE ENERGY PROPERTY: (e.g., solar, wind, hydroelectric personal property) IS THERE ANY AT THIS LOCATION? ❑Yes VNo. IF YES, THE PROPERTY IS: ❑Owned ❑Leased. IF OWNED, COMPLETE THE DS 058 FORM. J. DECLARATION: (THIS RETURN IS SUBJECT TO AUDIT) "I declare, under penalty of perjury in the second degree, that this schedule, together with any accompanying exhibits or statements, has been examined by me and to the best of my knowledge, information, and belief sets forth a full and complete list of all taxable personal ptaperty owned by me, or in my possession, or under my control, located in this county, Colorado, on the assessment date of this year, that such property has been reasonably described and its value fairly represented; and that no attempt has been made to mislead the assessor as to its age, quality, quantity, or value." § 39-5-107(2), CR.S. PROPERTY OWNER'S FEDERAL EMPLOYER IDENTIFICATION NUMBER (FF,IN)/SOCIAL SECURITY NUMBER ISSN) NAME OF OWNER Ideal Completions Services, LLC PRINT NAME OF PERSON SIGNING John Maldonado E-MAIL ADDRESS jmaldonado@merltadvisor.com PHONE NUMBER 940-641-7747 FAX NUMBER DATE 8/14/2020 SIGNATURE OF OWNER OR AGENT X Check here if new agent. If new agent, submit a letter of authorization when filing this form. PLEASE COMPLETE, SIGN AND RETURN TO THE ASSESSOR ON OR BEFORE APRIL 15, 2020. Detailed Asset Listing: Tax Year 2020 Assessor State Assessor Account Client Federal Tax ID Property Property Name Location Please Note: Weld County COLORADO P9103491 Ideal Completions Services LLC 20201 Kersey Kersey,CO, Asset Classification Acq Date Asset Description Asset Number Cost Trend Factor % Good Market Value Ohs Taxpayer Opinion of Value Computer Equipment -Personal 12/31/19 Parker Microsoft Surface Pro - Hunter FAM000576 1,619 44.00% 712 30.0000% 499 Computer Equipment -Personal 12131/19 HP SB 650 Laptop 12/31/19 HP SB 650 Laptop 12/31/19 HP SB 650 Laptop 12/31/19 HP SB 650 Laptop 12/31/19 HP SB 650 Laptop FAM000591 962 44.00% 432 30.0000% 302 Computer Equipment -Personal Computer Equipment -Personal FAM000592 982 44.00% 432 30.0000% 302 FAM000593 982 44.00% 432 30.0000% 302 Computer Equipment -Personal Computer Equipment -Personal FAM000594 982 44.00% 432 30.0000% 302 FAM000595 982 44.00% 432 30.0000% 302 Acquisition Year Total $6,526 $2,872 $2,010 Computer Equipment -Personal 05/31/17 kit Raven wireless communication FAM000669 2,736 13.00% 356 30.0000% 249 Computer Equipment -Personal 05/31/17 Raven wireless communication FAM040670 kit 2,736 13.00% 356 30.0000% 249 Computer Equipment -Personal 05/31/17 1 x kit Raven wireless communication FAM000671 2,736 13.00% 356 30.0000% 249 Computer Equipment -Personal 05/31/17 Raven wireless communication FAM000672 kit 2,736 13.00% 356 30.0000% 249 Computer Equipment -Personal 06/30/17 Computer for Hunter Parker FAM000684 1,747 13.00°! 227 30.0000% 159 Computer Equipment -Personal 08/31/17 purchased April - Aug 2017 Field Laptops for Brighton FAM000715 7,890 13.00% 1,026 30.0000% 718 Acquisition Year Total $20,581 $2,676 $1,873 $3,883 Asset Class Total $27,10$ $5,547 Furniture & Fixtures 01/31/19 Furniture for crew apartments FAM000B39 Acquisition Year Total 20,139 92.00% 18,528 30.0000% 12,970 $20,139 $18,526 $12,970 Asset Class Total $20,139 $18,528 $12,970 Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment 03131/19 Production Testing Unit 720 PSI FAM000623 02/28/19 Monorail Trailer 161,372 92.00% 148,462 30.0000% 103,923 FAM000679 560 92.00% 515 30.0000% 361 06/30/19 2" 1502 Plug Valve ESD 06/30/19 2" 1502 Plug Valve ESD 06/30/19 2" 1502 Plug Valve ESD 06/30/19 2" 1502 Plug Valve ESD 06/30719 2" 1502 Plug Valve ESD 06130/19 2" 1502 Plug Valve ESD 06/30/19 2" 1502 Plug Valve ESD 06/30/19 2" 1502 Plug Valve ESD 06/30/19 2" 1502 Plug Valve ESD 06/30/19 2" 1502 Plug Valve ESD FAM000871 7,888 92.00% 7,257 30.0000% 5,080 FAM000872 7,888 92.00% 7,257 30.0000% 5,080 FAM000873 7,888 92.00% 7,257 30.0000% 5,080 Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment FAM000874 FAM0oD875 7,888 7.888 92.00% 92.00% 7,257 30.0000% 7,257 30.0000% 5,080 5,08D FAM000876 7,888 92.00% 7,257 30.0000% 5,080 FAM000877 7,888 92.00% 7,257 30.0000% 5,080 FAM000878 7,888 92.00% 7,257 30.0000°% 5,080 Oilfield Machinery & Equipment Oilfield Machinery & Equipment FAM000879 7,888 92.00% 7,257 30.0000% 5,080 FAM000880 7,888 92.00% 7,257 30.0000% 5,080 08/14/2020 at 01:08:34 PM Central Standard Time Page .l of 4 Detailed Asset Listing: Tax Year 2020 Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment 06/30/19 2" 1502 Plug Valve ESD FAM0048B1 7,888 92.00% 7,257 30.0000% 7,868 92.00% 7,257 30.0000°/ 7,888 92.00% 7,257 30.0000% 7,888 92.00% 5,080 06/30/19 2" 1502 Plug Valve ESD FAM000882 5,080 06/30/19 2" 1502 Plug Valve ESD FAM000883 06130/19 2" 1502 Plug Valve ESD FAM000884 5,080 Oilfield Machinery & Equipment Oilfield Machinery & Equipment 7,257 30.0000% 5,080 06/30/19 2" 1502 Plug Valve ESD FAM000885 06130/19 2" 1502 Plug Valve ESD FAM0008B6 06/30/19 2" 1502 Plug Valve ESD FAM000887 06/30/19 2" 1502 Plug Valve ESD FAM0008B8 7,888 92.00% 7,257 30.0000% 5,080 Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment 7.868 92.00% 7,257 30.0000% 5,080 8,242 92.00% 7,583 30.0000% 5,308 6,931 30.0000% 4,852 7,534 92.00% Oilfield Machinery & Equipment 10/31/19 Valves 57 MSI 2" Low Torque 15K Plug FAM000913 52,460 92.00% 48,263 30.0000% 33,784 Oilfield Machinery & Equipment 11/30/19 143 MSI 2" Low Torque 15K Plug FAM000914 Valves 129,784 92.00% 119,401 30.0000% 83,581 Acquisition Year Total $486,155 $447,263 $313,084 Oilfield Machinery & Equipment 01/31/18 Production Testing Unit 2000 PSI FAM000624 200,512 84.00% 168,430 30,0000% 117,901 Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment 01/31/16 Production Testing Unit 720 PSI FAM000627 01/31/18 Storage Tank 125 PSI FAM000636 05/31/18 15K Horizontal Debris Catcher FAM000735 167,043 84.00% 140,316 30.0000% 98,221 84,444 84.00% 70,933 30,0000% 49,653 64,057 84.00% 53,808 30.0000% 37,665 Oilfield Machinery & Equipment 02128118 19 x 2" Valves for Crestone Peak FAM000736 (AFE 2017-033.1) 10/31/18 21' Multi -Manifold Skid FAM000740 13,216 84.00% 11,101 30.0000% 7,771 Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment 7,406 84.00% 6,221 30.0000% 4,354 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000741 560 84.00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000742 560 84.00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000743 560 84.00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000744 560 84.00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000745 560 84.00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000746 560 84,00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000747 560 84.00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000748 560 84,00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000749 560 84.00% 470 30.0000% 329 10/31/18 2" X 3" 15K Multi -Well Manifold FAM000750 560 84.00% 470 30.0000% 329 Oilfield Machinery & Equipment 05/31/18 components 05/31/18 23 x 3" 1502 TTW Tees Crestone FAM000758 Peak Phase 1 1090' 2" 1502 pipe and FAM000757 246,430 84,00% 207,002 30.0000% 144,901 Oilfield Machinery & Equipment 21,446 84.00% 18,015 30.0000% 12,610 Oilfield Machinery & Equipment 05/31/18 943' 3" 206 pipe and components FAM000759 Crestone Peak 59,875 84.00% 50,295 30.0000% 35,206 Oilfield Machinery & Equipment 05/31/18 manifolds Crestone Peak 285 chokes to supplement FAM000760 40,197 84.00% 33,765 30.0000% 23,636 Oilfield Machinery & Equipment 05/31/18 484' 2" 1502 pipe and components FAM000761 Crestone Peak 291,466 84.00% 244,831 30.0000% 171,382 Oilfield Machinery & Equipment 05/31/18 Peak 48 3" 1502 TTW Tees Crestone FAM000762 47,375 84.0D% 39,795 30.0000°% 27,857 Oilfield Machinery & Equipment 05/31/18 3" 206 pipe and components Crestone Peak FAM000763 97,560 84.00% 81,950 30.0000% 57,365 Oilfield Machinery & Equipment Oilfield Machinery & Equipment Oilfield Machinery & Equipment 05/31/18 manifolds Crestone Peak 157 Chokes to supplement FAM000764 22,466 84,00% 18,872 30.0000% 13,210 10/31/18 3" 1502 HU Plug Valve ESD FAM000796 10/31/18 3" 1502 HU Plug Valve ESD FAM000797 10/31/18 3" 1502 HU Plug Valve ESD FAM000798 10/31/18 10K Horizontal Debris Catcher FAM000809 7,920 84.00% 6,653 30.0000% 4,657 7,920 84.0D% Oilfield Machinery & Equipment Oilfield Machinery & Equipment 7,920 84.00% 40,236 84.00% 6,653 30.0000% 4,657 6,653 30.0000% 4,657 33,798 30.0000°/ 23,659 08/14/2020 at 01:08:34 PM Central Standard Time Page 2 of 4 Detailed Asset Listing: Tax Year 2020 Oilfield Machinery & Equipment 10/31/18 10K Horizontal Debris Catcher FAM000810 Oilfield Machinery & Equipment 10/31/18 10K Horizontal Debris Catcher FAM000811 Oilfield Machinery & Equipment 10/31/18 Sand Can 40,236 64.00% 33,798 30.0000% 40,236 84.00% 33,798 30.0000% 23,659 23,659 FAM000816 5,482 84.00% 4,605 30.0000% 3,224 Oilfield Machinery & Equipment 10/31/18 2" & 3" 1502 pipe and components FAM000820 527,811 84.00% 443,361 30.0000% 310,353 Oilfield Machinery & Equipment 10/31/18 3" 206 pipe FAM000824 21,506 84.00% 18,065 30.0000% 12,645 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 1000 PSI HS -0012 95,369 84.00% 80.110 80,110 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 1000 PSI HS -0013 57,010 84.00% 47,889 47,889 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 1000 PSI HS -0015 85,748 84.00% 72,028 72,028 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 1000 PSI HS -0016 95,369 84.00% 80,110 80,110 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 1000 PSI HS -0018 97,959 64.00% 82,286 82,286 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 1000 PSI HS -0019 92,055 84.00% 77,325 77,326 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 1000 PSI HS -0020 82,419 84.00% 69,232 69,232 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 720 PSI LS -0023 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 500 PSI LS -0026 Oilfield Machinery & Equipment 01/01/18 Produclion Testing Unit 500 PSI LS -0027 Oilfield Machinery & Equipment 01/01/18 Production Testing Unit 500 PSI LS -0033 92,148 84.00% 79,987 64.00% 81,561 84.00% 75,391 84.00% 77,404 77,404 67,189 67,189 68,511 68,511 63,328 63,328 Acquisition Year Total Oilfield Machinery & Equipment 01/31/17 Flare stack F6-60 FAM000395 $3,003,377 $2,522,837 $2,001,610 8,275 75.00% Oilfield Machinery & Equipment 01/31/17 Flare stack Oilfield Machinery & Equipment 01/31/17 Flare stack FAM000406 7,317 75.00% FAM000407 7,269 75.00% Oilfield Machinery & Equipment 01/31/17 Flare stack Oilfield Machinery & Equipment 01/31/17 Flare stack Oilfield Machinery & Equipment 01/31/17 Flare stack 4"x40' FAM000419 Oilfield Machinery & Equipment Oilfield Machinery & Equipment 01/31/17 Flare stack FAM000412 33,548 75.00% FAM000417 6,590 75.00% 6.206 30.0000% 4,344 5,488 30.0000% 3,842 5,451 30.0000% 3,816 25,161 30.0000% 17,613 4,943 30.0000% 3,460 4,087 30.0000% 2,861 5,865 30.0000% 4,106 5,450 75.00% 01/31/17 Flare stack F6-60 FAM000421 7,821 75.00% FAM000425 34,113 75.00% Oilfield Machinery & Equipment 01/31/17 Flowline Allocated at acquisition to FAM000427 Weld County, CO 25,585 30.0000% 17,910 424,462 75.00% 318,347 30.0000% 222,843 Oilfield Machinery & Equipment 01/31/17 10K Horizontal Debris Catcher FAM000444 14,299 75.00% 10,724 30.0000% 7,507 Oilfield Machinery & Equipment 01/31/17 Production Testing Unit 1000 PSI FAM000524 194,992 75.00% 146,244 30.0000% 102,371 Oilfield Machinery & Equipment 01/31/17 Sand Can Oilfield Machinery & Equipment 01/31/17 Sand Can Oilfield Machinery & Equipment 01/31/17 Sand Can Oilfield Machinery & Equipment 01/31/17 Storage Tank 100 psi FAM000562 Oilfield Machinery & Equipment Oilfield Machinery & Equipment FAM000537 23,084 75.00% FAM000550 38,817 75.00% 17,313 30.0000% 12,119 29,113 30.0000% 20,379 17,283 30.0000% 12,098 36,324 30.0000% 25,426 FAM000552 23,044 75.00% 48,431 75.00% 01/31/17 Storage Tank 100 PSI FAM000563 01/31/17 Storage Tank 100 PSI FAM000564 46,066 75.00% 48,220 75.00% 34,550 30.0000% 24,185 36,165 30.0000% 25,315 Oilfield Machinery & Equipment 01/31/17 Production Testing Unit 1000 PSI FAM000572 81,265 75.00% 60,949 30.0000% 42,664 Oilfield Machinery & Equipment 12/31/17 Production Testing Unit 720 PSI FAM000628 Oilfield Machinery & Equipment 12/31/17 Production Testing Unit 720 PSI FAM000629 Oilfield Machinery & Equipment 09/30/17 Production Testing Unit 720 PSI FAM000631 Oilfield Machinery & Equipment Oilfield Machinery & Equipment 06/30/17 15K Horizontal Debris Catcher FAM000655 173,713 75.00% 130,285 30.0000% 91,199 113,487 30.0000% 79,441 269,147 30.0000% 188,403 264,775 30.0000% 185,342 151,317 75.00% 358,862 75.00% 09/30/17 Production Testing Unit 720 PSI FAM000632 353,033 75.00% 34,160 75.00% 25,620 30.0000% 17,934 08/14/2020 at 01:08:34 PM Central Standard Time Page 3 of 4 Detailed Asset Listing: Tax Year 2020 Oilfield Machinery & Equipment 06/30/17 Cement Restraints FAM000681 4,274 75.00% 3,205 30.0000% 6,967 75.00% 5,225 30.0000% 2,244 Oilfield Machinery & Equipment 06/30/17 Weider for Kersey shop FAM000682 3,657 Oilfield Machinery & Equipment 06/30/17 Shop Noisy Pressure Washer for DJ FAM000683 2,500 75.00% 1,875 30.0000% 1,313 Oilfield Machinery & Equipment 07/31/17 Manifold 2" X 3" 10K 115K Multi -Well FAM000707 32,000 75.00% 24,000 30.0000% 16,800 Oilfield Machinery & Equipment 07/31/17 2" X 3" 10K 115K Multi -Well Manifold FAM00D708 32,000 75.00% 24,000 30.0000% 16,800 Oilfield Machinery & Equipment 11/30/17 2700ft 3" 206 pipe purchased for FAM000728 Crestone Peak work 238,426 75.00% 178,820 34.0000% 125,174 Oilfield Machinery & Equipment 11!34117 1150ft 2" 1502 pipe purchased for FAM000729 Crestone Peak work 771,785 75,00% 578,839 30.0000% 405,187 Additional pipe and valve assets Oilfield Machinery & Equipment 11/30/17 purchased August 2017 for DJ FAM000730 Basin 140,011 75.00% 105,008 30.0000% 73,506 Oilfield Machinery & Equipment 12/31/17 1997 Load Trail Gooseneck Trailer FAM000731 2,592 75.00% 1,944 30.0000% 1,361 Acquisition Year Total $3,354,700 $2,516,025 $1,761,218 Total Asset Class Total $6,844,233 $5,486,125 $4,075,912 $6,891,480 Total Cost Total Rendered Value Assessment Ratio $6,891,480 $4,092,764 29.00% $1,185,902 $5,510,200 $4,092,764 08/14/2020 at 01:08:34 PM Central Standard Time Page 1 of 4 CO;V,'L,Tr.C. : SET.I:C25 March 11, 2020 RE: Agent Representation To Whom it May Concern, We are writing to inform you that Merit Advisors, LLC is serving as our property tax representative for Ideal Completion Services and related subsidiaries for tax year 2020. Please direct all correspondence, including, but not limited to, rendition forms, notices of appraised value, and tax statements to the following: Ideal Completion Services clo Merit Advisors, LLC P.O. Box 330 Gainesville, TX 76241 Should you have any questions or need additional information regarding this matter, please contact me at (403) 930-5855 or, by email, at david.schaverien@idealcompletions.com Sincerely, David Schaverien Chief Financial Officer Ideal Completion Services Ideal Completion Services LLC. 12 West 2nd St Suite 1205, Tulsa, OK, 74103 8/14/2020 Weld County Assessors Office 1400 North 17th Avenue Greeley, CO 80631 To Whom it may Concern, We have filed an amended rendition for Ideal Completion Services in Weld County, Colorado. The amended rendition provides a more accurate and informed depiction of the assets that Ideal Completion Services currently has in Weld County. The original rendition that was filed for Ideal Completions Group was rendered in error as we were not aware of an existing account for Ideal Completions Services in Weld County. Please close the account associated with Ideal Completions Group, account #9106754 Should you have any questions or require any additional information, please do not hesitate to contact me anytime at 940-641-7747 or at lmaldonadoPmeritadvisor.com Respectfully, John Maldonado Agent Merit Advisors, LLC PERSONAL PROPERTY PROTEST FORM Brenda Danes Weld Assessor 1400 N 17th Avenue Greeley, CO 80631 www.weldgov.com Date of Notice: 08/03/2020 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00 AM — 5:00 PM Email: appeals@weldgov.com SCHEDULE NUMBER TAX YEAR TAX AREA PHYSICAL LOCATION OF ... PERSONAL PROPERTY P9103491 2020 I 0716 26015 COUNTY ROAD 46 KERSEY , CO W o aIDEAL w o IDEAL COMPLETIONS GROUP LLC C1O MERIT ADVISORS PO BOX 330 GAINESVILLE, TX 76241-0330 r l' 26015 COUNTY ROAD 46 KERSEY PT SW4 9-4-64 LOTA REC EXEMPT RE -2452•( .67R) . COMPLETION SEIWIC PROPERTY CLASSIFICATION ACTUAL VALUE + OR - CHANGE PRIOR YEAR .;: CURRENT YEAR PERSONAL PROPERTY BEST INFORMATION AVAILABLE 6,939,123 ;.N, e 6,189,434 -749,689 TOTAL, " "4,•71-„ .:.•` 6,939,123 6,189,434 : —749,689 YOU MAY USE THIS FORM TO BEGIN THE'PROTEST PROCESS. PLEASE COMPLETE THE FORM AND SEND IT TO THE ASSESSOR. What is your estimate of the property's value? $ 4,092,764 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., original installed cost, comparable sales, rental income, etc.) Please`ee Attached AGENT AUTHORIZATION I, the"undersigned owner of the property identified above, authorize the agent named below to act on my behalf in the property tax protest for the tax year shown above. John;;llaldonado Agent's Name (Please Print) PO Box 330 Agent's Street Address Gainesville, TX, 76241 Agent's City, State, Zip Code Signature of Property Owner 8/1412029 Date 940-641-7747 Agent's Telephone Number ATTESTATION I, the undersigned owner or agent of the property identified above, affirm that the statements contained her -in and on any attachments hereto are true and complete. 940-641-7747 '`Signature Telephone Number 8/14/2020 Date 16-DPT-AR PR 213-08/08 8/14/2020 Weld County Assessors Office 1400 North 17th Avenue Greeley, CO 80631 To Whom it may Concern, We have filed an amended rendition for Ideal Completion Services in Weld County, Colorado. The amended rendition provides a more accurate and informed depiction of the assets that Ideal Completion Services currently has in Weld County. The original rendition that was filed for Ideal Completions Group was rendered in error as we were not aware of an existing account for Ideal Completions Services in Weld County. Please close the account associated with Ideal Completions Group, account #9106754 . Should you have any questions or require any additional information, please do not hesitate to contact me anytime at 940-641-7747 or at imaldonado@rneritadvisor.com Respectfully, John Maldonado Agent Merit Advisors, LLC PERSONAL PROPERTY PROTEST FORM Brenda Dones Weld Assessor 1400 N 17th Avenue Greeley, CO 80631 www.weldgov.com Date of Notice: 08/03/2020 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM Email: appeals@weldgov,com SCHEDULE NUMBER TAX YEAR TAX AREA PHYSICAL LOCATION OF PERSONAL PROPERTY P9106754 2020 0716 COUNTY ROAD 46 KERSEY Co PROPERTY OWNER IDEAL COMPLETIONS GROUP LLC C1O MERIT ADVISORS PO BOX 330 GAINESVILLE, TX 76241-0330 COUNTY ROAD 46 KERSEY IDEAL COMPLETION SERVICES PROPERTY CLASSIFICATION ACTUAL VALUE + OR - CHANGE PRIOR YEAR CURRENT YEAR PERSONAL PROPERTY 0 775,988 +775,988 TOTAL 0 775,988 +775,988 YOU MAY USE THIS FORM TO BEGIN THE PROTEST PROCESS. PLEASE COMPLETE THE FORM AND SEND IT TO THE ASSESSOR. What is your estimate of the property's value? $ 0 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., original installed cost, comparable sales, rental income, etc.) Please See Attached AGENT AUTHORIZATION I, the undersigned owner of the property identified above, authorize the agent named below to act on my behalf in the property tax protest for the tax year shown above. John Maldonado Agent's Name (Please Print) PO Box 330 Agent's Street Address Gainesville, TX, 76241 Agent's City, State, Zip Code Signature of Property Owner 8/14/2020 Date 940-641-7747 Agent's Telephone Number ATTESTATION I, the undersigned owner or agent of the property identified above, affirm that the statements contained herpip and on.ary a chments hereto are true and complete. f P40-641-7747 Telephone Number ignature 8/14/2020 Date 16 -DPI -AR PR 213-0810 September 15, 2020 Petitioner: IDEAL COMPLETIONS GROUP LLC C/O MERIT ADVISORS PO BOX 330 GAINESVILLE, TX 76241-0330 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): RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2020-2833, AS0106 Appeal 2008226717 Hearing 9/28/2020 1:30 PM Account(s) Appealed: P9103491 Dear Petitioner(s): The Weld County Board of Equalization has set a date of September 28, 2020, at or about the hour of 1:30 PM, 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, 2020, 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 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 September 28, 2020 Petitioner: IDEAL COMPLETIONS GROUP LLC C/O MERIT ADVISORS PO BOX 330 GAINESVILLE, TX 76241-0330 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): RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2020-2833 Appeal 2008226717 Hearing 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 2020. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board P9103491 Stipulated - Approved Stipulated Value $6,140,072 $4,837,576 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, 2020, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2020, 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 subparagraph (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) All of the underlying data used by the county in calculating the value of the subject property that is being appealed, including the capitalization rate for such property; and (B) The names of any commercially available and copyrighted publications used in calculating the value of the subject property. (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 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