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Home My WebLink About20202197.tiffCOUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R6109686 STIPULATION (As To Tax Year 2020 Actual Value) RE PETITION OF : NAME: RD PURIFOY REAL ESTATE LLC ADDRESS: 610 Denver Ave Fort Lupton CO 80621 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: FTL 15433 L1 THRU 6 BLK3 2. The subject property is classified as Commercial property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2020 : Total $932,000 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 $690,560 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: Further review of all approaches to value indicated an adjustment. 7. Both parties agree that: The hearing scheduled before the Board of Equalization on 07/30/2020 at 1:30 PM be vacated. nA hearing has not yet been scheduled before the Board of Equalization. 1 aO&0 a 117 ASOtom DATED this 27th day of July , 2020 . If. Ford Mont mils H. Ford, Agent (jut 2-17.2020 1.2:05 MDT Petitioner(s) or Agent or Attorney Address: 3199 S Pearl St Englewood Telephone: 3037572570 Docket Number R6109686 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 Chief Deputy County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R6109686/RD PURIFOY REAL ESTAT LLC Final Audit Report 2020-07-28 Created: 2020-07-27 By: TIM REDDICK (treddick@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAA_MjsjRgCONMtGWT8FnFnbs9U1CGy1xsw "R6109686/RD PURIFOY REAL ESTATE LLC" History Document created by TIM REDDICK (treddick@co.weld.co.us) 2020-07-27 - 1:23:44 PM GMT- IP address: 204.133.39.9 Document emailed to TIM REDDICK (treddick@co.weld.co.us) for approval 2020-07-27 - 1:23:45 PM GMT ./,15"G Document approved by TIM REDDICK (treddick@co.weld.co.us) Approval Date: 2020-07-27 - 1:29:27 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Wade Melies (wmelies@weldgov.com) for approval 2020-07-27 - 1:29:28 PM GMT Email viewed by Wade Melies (wmelies@weldgov.com) 2020-07-27 - 1:33:00 PM GMT- IP address: 204.133.39.9 Document approved by Wade Melies (wmelies@weldgov.com) Approval Date: 2020-07-27 - 1:35:02 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Jason Marini (appeals@weldgov.com) for signature 2020-07-27 - 1:35:04 PM GMT Email viewed by Jason Marini (appeals@weldgov.com) 2020-07-27 - 2:08:51 PM GMT- IP address: 204.133.39.9 Document e -signed by Jason Marini (appeals@weldgov.com) Signature Date: 2020-07-27 - 2:16:37 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Mills H. Ford, Agent (fordidit@att.net) for signature 2020-07-27 - 2:16:39 PM GMT Email viewed by Mills H. Ford, Agent (fordidit@att.net) 2020-07-27 - 6:02:36 PM GMT- IP address: 69.147.93.14 Adobe Sign 4 Document e -signed by Mills H. Ford, Agent (fordidit@att.net) Signature Date: 2020-07-27 - 6:05:19 PM GMT - Time Source: server- IP address: 174.51.123.217 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2020-07-27 - 6:05:21 PM GMT Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2020-07-28 - 9:12:35 PM GMT- IP address: 204.133.39.9 moo. Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2020-07-28 - 9:13:55 PM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to Jason Marini (appeals@weldgov.com), TIM REDDICK (treddick@co.weld.co.us), Karin McDougal (weld-cboe@weldgov.com), Mills H. Ford, Agent (fordidit@att.net), and 2 more 2020-07-28 - 9:13:55 PM GMT Adobe Sign NOTICE OF DETERMINATION Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 R6109686 2020 RECEIVED JUL 17 2020 WELD COUNTY COMMISSIONERS Date of Notice: 6/26/2020 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM — 5:00PM TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION 5392 cc w z O w a O a RD PURIFOY REAL ESTATE LLC 601 DENVER AVE FORT LUPTON, CO 80621-2159 COMMERCIAL PROPERTY CLASSIFICATION FTL 15433 L1 THRU 6 BLK3 540 MAIN ST FORT LUPTON ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW 932,000 ACTUAL VALUE AFTER REVIEW 932,000 TOTAL 932,000 932,000 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: CM05 - The law requires that data from Jan 2017 to June 2018 be used to establish current values. We have considered all three approaches to value and we have denied your appeal based upon this data. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. Agent (If Applicable): AV PROS LLC 3199 S PEARL ST ENGLEWOOD, CO 80113-2709 15-DPT-AR PR 207-08/13 R6109686 gsooc 7 t AP ?EAERAQ EP RES County Board of Equalization Hearings will be held from July 27t'' through August 3rd at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail, file online, or deliver a copy of both sides of this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 Online: www.co.weld.co.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.qov/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. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2018? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 7 ezAs- c� 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.) S' ct"l'g C `l o_,01 Ci1r- e1'_et t s ci c1 O‘4 _ ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and qn any attachrnentereto are true and complete. 363.'75`7_ F57D Telephone Number Signature -F erd l d I -htt, q-14-, rtcz-i� Email Address L� h�► e , � c,N �' 0.6 p p rescs c 4 1 Attach letter of authorization signed by property owner. Date 15-DPT-AR PR 207-08/13 R6109686 June 21, 2019 Mint Per AVPros, LLC 3199 South Pearl Street Englewood, Colorado 80113 RE: Filing a protest and/or appeal with regard to the 2019 assessed value with the County Assessor in the county where my property is located for my property known as: 540 MWith St, Fort Lupton, legally titled in the name of RD PURIFOY REAL ESTATE LLC with Parcel Identification Number: PIN: 8.6109686. Dear Mr. Ford, I/we hereby appoint AVPros, LLC to act as my/our agent td present appraisal data and make arguments to the County Assessor's office in the county where my property is located in an effort to reduce the'2019,and 2020 valuation for assessment purposes on my property described above, and further, if necessary, to act on my/our behalf with regard to continuing the protest/appeal process to the second round venue, the County Board of Equalization. Thanks for your efforts in this matter. Yours truly, By: Date Name: (Print [NOTE: If Owner is an LLC corporation, or other entity, then REPLACE the Owner's signature block above with the. following signature block] RI) PUREE() LA t _L ESTATE LLC v PROS THE ASSESSED VALUE PROTEST PROS June 1, 2020 Weld County Assessor Weld County Tax Assessor's Office 1400 North 17th Avenue Greeley, CO 80631 APPAISER 3199 South Pearl Street Englewood, CO 80113 mills@avprotestpros.com 303.757.2570/303.625.7600 RE: 2020 assessment value property protest appeal for property whose address is 540 Main St, Fort Lupton, and PIN: R6109686. Weld County Assessor, Description of the Subject and Application of the Sales Comparison Approach — The subject property Is a one story 13,280 square foot auto sales/repair complex, built in 1958, located at 540 Main Street, Fort Lupton, CO 80621-1836 on a 21,000 square foot lot. Approximately two-thirds of the lot is covered by building, the remaining one-third is concrete paved for car storage and parking. The building appears to have undergone numerous renovations and changes since its construction in 1958 in order to best conduct its current use, in this case an automotive related business. For the valuation of the property, I started with the Sales Comparison Approach. I found six sales of reasonably similar utility over a large area along the northeast front range. Of the adjustments made in the sales comparison grid, a 1.6% annual TASP rate was used. For the building -to -land ratio adjustment a $3.50 per square foot unit land value was used. And adjustments were made for Age/Utility of the sales. The numbers can be seen in the accompanying sales comparison grid. In the end I adopted a $59.33 per square foot indicated value which when applied to the subject provided a June 30, 2018 estimated rounded value for the subject via the Sales Comparison Approach of $788,000. I did not complete an Income Approach analysis because the property appears to be closely held by the same people who run the business and occupy the space. Further determining a market rent for this kind of specialized use in Fort Lupton would be speculative at best. Based on my analysis, I estimate the value of the subject property, for tax assessment purposes, as of June 30, 2018, to be $788,000. Additional information and illustrative material regarding my value estimate are contained in the attached Sales Comparison Grid. 6/1/2020 PAGE 1 Thank you for your consideration Respectfully submitted, Aici:wli-44rAP s Mills H Ford Certified General Appraiser Lic # CG01316568 6/1/2020 PAGE 2 SUBJECT SITE DETAILS Property Map ! th St 6th St 170' 0) v, 9* 1_� r . MINN tslaW.re+zi a..ra.w. an M1S ler.rt.'a -a.. w.�.....+.......oa� 170 'tot Dimensions are Estimated tt C rb Google 9th Si 91 7th St 6t': t St qp SibSt 401St 3rd St 25 yard Map data L42020 (b c :€. U a 9th St tJ C at VThe wit State St t ta ego SID !ZS •04.t4e.S.Prtitr 100 yards i • 1 6/1/2020 PAGE 4 COMMERCIAL PROPERTY 2020 ASSESSED VALUE ANALYSIS R6109686 540 Main Street ;mg SUB 1 2 3 4 5 6 'Final Pres1'! St No. Dir Street 540 Main 502 175 187 8958 3805 700 E Eisenhower 14th 14th W 1st W 10th W Willox 'Final Pres1'! St nit Sale Type [ Sch # Price St R0044032 Blvd St St St St Ln R0380474 R0649163 R0649201 R1642140 R7811499 R0145394 $140,000 5975,000 $1,033,000 $449,800 $1,000,000 $400,000 Similar Motiva- tion Similar Similar Similar Similar Similar 2020 AV Total 2020 AV Land 2020 AV Impr Assessment Information $932,000 2018 AV Total S105,000 2018 AV Land $827,000 2019 AV Impr. S541.200 SALES COMPARISON GRID STATISTICS Adj. Data MEAN STD DEV 1 STD DEV 2 MAX RANGE MIN RANGE MEAN MAX/MIN MEAN MID # MEDIAN MODE SOLD P/SF $59.33 $11.11 $38.37 $70.11 $43.09 $56.60 $60.70 $63.48 #N/A Indic. Value Subject $787,923 $147,475 $509,552 $931,070 $572,256 $751,663 S806.053 $842,963 #N/A 5/15/20 Mills H. Ford Date Certified General Appraiser #1316568 AVPros, LLC °% Comp 1.6°/0 Comp Finance Legal Stor- Sale TASP TASP Bldg Terms % Type % ies Date Dail % % Size 1 0.004% 13,280 Similar Similar Similar Similar Similar Similar Similar Similar Similar Similar Similar Similar 1 12/29/17 0.004% 1 6/23/17 0.004% 1 1/2/18 0.004% 1 7/28/15 0.004% 1 2/18/15 0.004% 1 10/2/15 0.004% 0.802% 1.631% 0.785% 4 682% 5.383% 4.392% 1,560 9,280 10,750 6,076 11,791 6,511 Comparable Sales Approach INDICATED UNIT VALUE FOR SUBJE( P/SF INDICATED VALUE FOR SUBJECT As of 6/30/18 ADOPT Comp Comp Site Site Size Ac. Cover 0.4821 0.6324 0.2122 1.9900 0.8379 0.8780 1.2004 2.0000 $59.33 $787,902 $788,000 0.1688 0.1071 0.2945 0.1589 0.2255 0.0747 $3.50 Sq.Ft. $ Adi. % Age/Quality $3.50 #DIV/0! 1958/Average $3.50 $3.50 $3.50 53.50 $3.50 $1.50 -16.94% 1944/Average - 25.85% 1967/Average -6.61% 1973/Average -22.28% 2014/Average - 11.78% 1968/Average -28.81% 1972/Average % Zone % Location -6.0% -9.0% -18.0% -6.0% -8.0% B -9.0% Unadj. Price Sq.Ft. Net Adj. Adj Price +/-% Sq. Ft. Superior -9.0% 89.74 -25.3% $67.00 Superior -12.0% 105.06 -42.9% $59.96 Superior -12.0% 96.09 -27.0% $70.11 Inferior 3.0% 74.03 -34.3% $48.60 Superior -7.0% 84.81 -20.7% $67.23 Inferior 4.0% 61.43 -29.9% $43.09 INCOME APPROACH Contract Rent Less: Vacancy/Credit Factor Other: Expenses NOI Cap Rate I estimate the subject's value for tax assessment purposes as of June 30, 2018 $788,000 I II I SUBJECT PROPERTY Address: Schedule No. 2020 AV Appraisal Date: Building Area SF: Site Size SF: SALE 1 Address: Schedule No. Sale Price Sale Date Building Area SF: Site Size SF: SALE 2 Address: Schedule No. Sale Price Sale Date Building Area SF: Site Size SF: SALE 3 Address: Schedule No. Sale Price Sale Date Building Area SF: Site Size SF: SALE 4 Address: Schedule No. Sale Price Appraisal Date: Building Area SF: Site Size SF: SALE 5 Address: Schedule No. Sale Price Appraisal Date: Building Area SF: Site Size SF: SALE 6 Address: Schedule No. Sale Price Sale Date Building Area SF: Site Size SF: 540 Main St R0044032 $932,000 June 30, 2018 13,280 21,000 502 E Eisenhower Blvd R0380474 $140,000 December 29, 2017 1,560 9,243 175 14th St R0649163 $975,000 June 23, 2017 9,280 86,684 187 14th St R0649201 $1,033,000 January 2, 2018 10,750 36,499 8958 W 1st St R1642140 $449,800 July 28, 2015 =+(FinalFinal!V9) 38,246 3805 W 10th St R7811499 $1,000,000 February 18, 2015 11,791 52,289 700 W Willox Ln R0145394 $400,000 October 2, 2015 6,511 87,120 PLACE STICKER AT TOP OF ENVELOPE TO THE RIGHT OF THE RETURN ADDRESS. FOLD AT DOTTED LINE )S, LLC South Pearl Street wood, CO 80113-2709 CERTIFIED MAIL® 11111 1111111 Ai 7019 0140 0000 2455 7065 MIMODWES IOffA/fERVECEm 1023 WELD CcrT P, O, 3ox CsREtLE Y, SoG32 i i i 80632 A FCMNSW S E PAID ENGLEVNOOD, CO 80113 AMOUNTO $8.20 R2305K141301-03 July 17, 2020 Petitioner: RD PURIFOY REAL ESTATE LLC 601 DENVER AVE FORT LUPTON, CO 80621-2159 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): AV PROS LLC 3199 S PEARL ST ENGLEWOOD, CO 80113-2709 RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2020-2197, AS0106 Appeal 2008226275 Hearing 7/30/2020 1:30 PM Account(s) Appealed: R6109686 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 30, 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 July 17, 2020 Agent: Petitioner: AV PROS LLC 3199 S PEARL ST ENGLEWOOD, CO 80113-2709 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 RD PURIFOY REAL ESTATE LLC 601 DENVER AVE FORT LUPTON, CO 80621-2159 RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2020-2197, AS0106 Appeal 2008226275 Hearing 7/30/2020 1:30 PM Account(s) Appealed: R6109686 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 30, 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 Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Assessor August 3, 2020 Petitioner: RD PURIFOY REAL ESTATE LLC 601 DENVER AVE FORT LUPTON, CO 80621-2159 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): AV PROS LLC 3199 S PEARL ST ENGLEWOOD, CO 80113-2709 RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2020-2197 Appeal 2008226275 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 R6109686 Stipulated - Approved Stipulated Value $932,000 $690,560 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 August 3, 2020 Agent: AV PROS LLC 3199 S PEARL ST ENGLEWOOD, CO 80113-2709 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 RD PURIFOY REAL ESTATE LLC 601 DENVER AVE FORT LUPTON, CO 80621-2159 RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2020-2197 Appeal 2008226275 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. §39-8-101et 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 R6109686 Stipulated - Approved Stipulated Value $932,000 $690,560 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 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