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Home My WebLink About20202052.tiffCOUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R4238006 STIPULATION (As To Tax Year 2020 Actual Value) RE PETITION OF : NAME: COLORADO DEL HOLDINGS LLC ADDRESS: 17704 N 92ND PL SCOTTSDALE, AZ 85255 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: FIR DTF L1A BLK1 DEL TACO FIRESTONE 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 $1,228,700 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 $1,172,850 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 08/03/2020 at 1:30 PM be vacated. A hearing has not yet been scheduled before the Board of Equalization. Asoio, DATED this 16th day of July , 2020 . /}.1 Petitioner(s) or Agent or Attorney Address: 7200 S Alton Way, Ste A-250 Centennial Telephone: 7209304846 Docket Number R4238006 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 i,Yl(1 ,arz C,6 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R4238006/Colorado Del Holdings LLC Final Audit Report 2020-07-20 Created: 2020-07-16 By: TIM REDDICK (treddick@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAADNEpRhggDi-saV5mcSx-gE34psBnW9S_ "R4238006/Colorado Del Holdings LLC" History Document created by TIM REDDICK (treddick@co.weld.co.us) 2020-07-16 - 8:46:57 PM GMT- IP address: 204.133.39.9 Document emailed to TIM REDDICK (treddick@co.weld.co.us) for approval 2020-07-16 - 8:46:59 PM GMT Document approved by TIM REDDICK (treddick@co.weld.co.us) Approval Date: 2020-07-16 - 8:51:36 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Wade (wmelies@weldgov.com) for approval 2020-07-16 - 8:51:38 PM GMT Lmj Email viewed by Wade (wmelies@weldgov.com) 2020-07-17 - 1:38:57 PM GMT- IP address: 204.133.39.9 (Ar Document approved by Wade (wmelies@weldgov.com) Approval Date: 2020-07-17 - 1:40:53 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Brenda Dones (appeals@weldgov.com) for signature 2020-07-17 - 1:40:55 PM GMT Email viewed by Brenda Dones (appeals@weldgov.com) 2020-07-17 - 8:37:41 PM GMT- IP address: 204.133.39.9 Document e -signed by Brenda Dones (appeals@weldgov.com) Signature Date: 2020-07-17 - 8:38:35 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Carol Hughett (chughett@paradigmtax.com) for signature 2020-07-17 - 8:38:37 PM GMT Email viewed by Carol Hughett (chughett@paradigmtax.com) 2020-07-20 - 2:28:49 PM GMT- IP address: 67.176.48.46 Adobe Sign Document e -signed by Carol Hughett (chughett@paradigmtax.com) Signature Date: 2020-07-20 - 2:29:36 PM GMT - Time Source: server- IP address: 67.176.48.46 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2020-07-20 - 2:29:38 PM GMT Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2020-07-20 - 4:20:48 PM GMT- IP address: 204.133.39.9 C54 Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2020-07-20 - 4:21:01 PM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to canaya@weldgov.com, Brenda Dones (appeals@weldgov.com), Wade (wmelies@weldgov.com), TIM REDDICK (treddick@co.weld.co.us), and 2 more 2020-07-20 - 4:21:01 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: Carol Hughett Contact Email: chughett@paradigmtax.com Contact Phone: 720-930-4846 Appeal Submitted: 10:54 AM July 09, 2020 Appeal submitted for: R4238006 - COLORADO DEL HOLDINGS LLC 11053 INTERSTATE 25 FRONTAGE RD, FIRESTONE Legal: FIR DTF L 1 A BLK1 DEL TACO FIRESTONE Reason: Value Too High - Please see attached Estimate of Value: $846,700.00 Document(s) Submitted: Account: R4238006 - Pages from Brent Veach - 11053 INTERSTATE 25 FRONTAGE RD LOA.pdf Account: R4238006 - Brent Veach - 11053 Interstate 25 Frontage Rd 2020 CBOE report.pdf You have selected the following Date Preferences: Monday, August 3, 2020, from 1:30-5:00 p.m. Thursday, July 30, 2020, from 1:30-4:00 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 2020-2052 ASot ov NOTICE OF DETERMINATION Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 Date of Notice: 6/26/2020 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:OOAM - 5:OOPM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R4238006 2020 2556 FIR DTF L1A BLK1 DEL TACO FIRESTONE 11053 INTERSTATE 25 FRONTAGE RD FIRESTONE COLORADO DEL HOLDINGS LLC 17704 N 92ND PL SCOTTSDALE, AZ 85255-6245 ERTY OWI PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW COMMERCIAL 1,228,700 1,228,700 TOTAL 1,228,700 1,228,700 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: CMo6 - The Assessor staff has requested additional information to properly re view your property's value. Because we have not received this information, we have no choice but to deny any adjustments. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. Agent (If Applicable): PARADIGM TAX GROUP 7200 S ALTON WAY STE A250 CENTENNIAL, CO 80112-2247 15-DPT-AR PR 207-08/13 R4238006 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 27th 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 1160 O Street, P.C. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 Online: www.co.weld.ca.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), CURS. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 10, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 Contact the District Court in the County Denver, CO 80203 where the property is located. See your (303) 866-5880 local telephone book for the address and www.dola.colorado.gov/baa telephone number. Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. if the date for filing any report, schedule, claims tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely fired if filed on the next business day, § 39-1-120(3), C.P.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.) .S.) $ 846,700 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.) ttac c ATTESTATION I, the undersigned owner or agent1 of the property identified above, affirm that the statements contained herein on qny attachments hereto are true and complete. Signature Email Address _770- 3U48 6 119.2-U 0 Telephone Number 1 Attach letter of authorization signed by property owner. Date IS -DPI -AR PR 207-08/13 R4238006 EXHIBIT B (General Authorization) LETTER OF AUTHORIZATION TO: Ad. Valorem Tax Authorities and Others To Whom It May Concern This letter will introduce the accounting firm of Paradigm Tax Group, which is authorized to represent us concerning Ad Valorem Taxes on real (and/or personal) property for the Term of the Agreement. This authorization letter will supersede any previous letters of authorization on file. Paradigm Tax Group is authorized to file real estate returns, to review and receive copies of any prior tax year's tax returns, to investigate appraisals and assessments, to submit income and expense information, to appeal property values and taxes, to receive tax bills, to appear before administrative boards or agencies, and to prepare to take such actions in our offices as necessary to effectuate same_ Paradigm Tax Group is authorized to act as agent, and/or attorney in fact, with those aforementioned rights on the property owned or controlled by the undersigned entity. The rights, powers, and authorization of Paradigm Tax Group herein granted shall commence upon the execution of this letter of authorization and shall terminate atexpiration of Agreement. IN WITNESS E S WHEREOF: The undersigned has hereunto set our hands and affixed our seals this the reC day of /Mai20 Signed, sealed, and delivered in the presence of: Loud' ta Notary Public LAUREN SCHMIT Notary PublicArizona Maw County Commission # 530277 My Commission Expires June 27, 2021 VI 09012019 SIGNATURE; PRINT NAME: TITLE: DATE: PHONE NUMBER: 5 Or -cue -it -A. jelAti4Asi tier See I = toA2tc, 1.0 0 7 if '5' -a-7c 7 ii -to SF ID: 006066000 t vtim/FAAS Paradigm TAX GROUP July 2020 7200 S Alton Way Suite A-250 Centennial, CO 80112 Weld County Board of Equalization 1150 0 Street, Po Box 758 Greeley, CO 80631 RE: Parcel ID No. R4238006 / 131302307001 To Whom It May Concern: 720L930.4846 Phone www.paradigmtax.com This property was denied at the Assessor level. We continue to believe a value reduction is justified. This is an owner occupied property with no market lease. Our argument is the same as provided to the Assessor, which is attached. We respectfully request subject be reduced to $846,700. Thank you in advance for your help and consideration. Sincerely, Carol Hughett Sr Managing Consultant chughett@paradigmtax.com Paradigm TAX GROUP May 2020 Mrs. Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 7200 S Alton Way Suite A-250 Centennial, CO 80112 RE: Parcel ID No. R4238006 / 131302307001 To Whom It May Concern: 720.930.4846 Phone www.paradignitax.com Attached is the Assessor Notice of Value for the above referenced schedule number. Subject property is valued at $1,228,700 for 2020. This letter hereby protests the 2020 value. Attached is an agent authorization. Subject property is a fast food property located at 11053 Interstate E 25 Frontage Rd in Firestone. The 2 017/ 18 value was $809,228. The 2020 value represents a 51.8% increase. The PPSF is $550.00. The property was sold in a non -market sale leaseback in 2016. Two fast food properties were appealed in 2019 and reduced: 2413 8th Ave / R3531086 reduced to $350.00/sf 1590 Main S / R2430603 reduced to $408.00/sf The average PPSF is $379.00/sf or $846,686. We respectfully request subject be reduced to $ 846,700. Thank you in advance for your help and consideration. Sincerely, l()Q1- Carol Hughett Sr Managing Consultant chughett@paradigmtax. com 5/11/2020 Property Report Weld County PROPERTY PORTAL Property Information (970) 400-3650 Technical Support (970) 400-4357 Account: R4238006 May X17, 2020 Account Information Account Parcel Space Account Type Tax Year Buildings Actual Value Assessed Value R4238006 131302307001 Commercial 2020 1 1,228,700 356,330 Legal FIR DTF L1A BLK1 DEL TACO FIRESTONE Subdivision Block Lot Land Economic Area DEL TACO FIRESTONE SUB 1 lA FIRESTONE CITY CENTER AND DEL CAMINO Property AddressPro perty City Zip Section Township Range 11053 INTERSTATE 25 FRONTAGE RD FIRESTONE 02 02 68 Owners) Account Owner Name Address R4238006 COLORADO DEL HOLDINGS LLC 17704 N 92ND PL SCOTTSDALE, AZ 852556245 Document History Reception Rec Date Type Grantor Grantee Doc Fee Sale Date Sale Price 3362265 SUB SUBDIVISION DEL TACO FIRESTONE 0O0 0 4250954 11-04-2016 SWD HC CLA`RA NG COLORADO HEL OLDINGS LLC 122.50 11-02-2016 1,225,000 https://propertyreport.co.weld.co.us/?account=84238006 1/5 5/11/2020 Property Report Building Information Building 1 AccountNo Building ID Occupancy R4238006 1 Quick Service ID Type NBHD Occupancy Elio Com plets Bedrooms Baths Rooms 1 Commercial 3919 Quick Service 100 0 0 0 ID Exterior Roof Cover Interior HVAC Perimeter Units nle t T Yt Make 1 Flat Package Unit 213 0 ID Square Ft Condo SF Total Basement SF Finished Basement SF Garage SF Carport SF Balcony SF Porch SF 1 2,234 0 0 0 0 0 0 0 Built As Details for Building 1 ID Built As Square Ft Year Built Stories Length Width 1.00 Fast Food Restaurant 2,234 2005 1 0 0 Additional Details for Building '1 ID Detail Type Description Units 1 Add On Asphalt Average 26,500 1 Add On Concrete Slab Average 6,018 Valuation Information https://propertyreport.co.weld.co.us/?account=R4238006 2/5 5/11/2020 Property Report Type Code Description Actual Value Assessed Value Acres Land Sci Ft Improvement _ 2230 SPECIAL PURPOSE- IMPROVEMENTS 638,680 185,220 0.000 0 d Land 2112 MERCHANDISING- LAND 590,020 171,110 0.903 39,335 Totals - - 1,228,700 356,330 0.903 39,335 Comparable sales for your Residential property may be found using our SALES SEARCH TOOL Tax Authorities Tax Area District ID District Name Current Mill Levy 2556 090O CARBON VALLEY REC 4.427 2556 0406 FIRESTONE TOWN 6.805 2556 0507 FREDERICK -FIRESTONE FIRE 14.409 2556 0531 FREDERICK -FIRESTONE FIRE (BOND 2022) 0.404 2556 1050 HIGH PLAINS LIBRARY 3.217 2556 0301 NORTHERN COLORADO WATER (NCW) 1.000 2556 0213 SCHOOL DIST RE1J-LONGMONT J-LON GMONT 57.559 2556 0620 ST VRAIN SANITATION 0.484 2556 0100 WELD COUNTY 15.038 Total - - 103.343 Photo https://propertyreport.co.weld.co.usl?account=84238006 3/5 5/11/2020 Property Report Sketch First Floor 2233.5' Sketch by Apex Imo' co 18.0' Concrete 172.0' 7.0' o r Concrete 570.0' 19.0' `Concrete 35.0' :cm 962.0' 7.5' N 12.0' Storage '- ---� +lens' - r ,'',Co a I l '-----a '< up I 7,3' Cc;'Orllce e 10.0' e 0' a[GoolerjFreezer 0;80.0'3,0' 10.0' 6.G' Kitchen re: Service Center Counter a_ Dining Room 35.0' 50.I1 Concrete Patio 1401.3' 40.0' Building 1 Page 1 3.0' N t . https://propertyreport.co.weld.co.us/?account=84238006 4/5 5/11/2020 Property Report Copyright © 2020 Weld County, Colorado. All rights reserved. Privacy Policy & Disclaimer I Accessibility Information https://propertyreport.co.weld.co.us/?account=84238006 5/5 July 10, 2020 Petitioner: COLORADO DEL HOLDINGS LLC 17704 N 92ND PL SCOTTSDALE, AZ 85255-6245 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): PARADIGM TAX GROUP 7200 S ALTON WAY STE A-250 CENTENNIAL, CO 80112-2247 RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2020-2052, AS0106 Appeal 2008226224 Hearing 8/3/2020 1:30 PM Account(s) Appealed: R4238006 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 3, 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 10, 2020 Agent: Petitioner: PARADIGM TAX GROUP 7200 S ALTON WAY STE A-250 CENTENNIAL, CO 80112-2247 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 COLORADO DEL HOLDINGS LLC 17704 N 92ND PL SCOTTSDALE, AZ 85255-6245 RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2020-2052, AS0106 Appeal 2008226224 Hearing 8/3/2020 1:30 PM Account(s) Appealed: R4238006 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 3, 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: COLORADO DEL HOLDINGS LLC 17704 N 92ND PL SCOTTSDALE, AZ 85255-6245 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): PARADIGM TAX GROUP 7200 S ALTON WAY STE A-250 CENTENNIAL, CO 80112-2247 RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2020-2052 Appeal 2008226224 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 R4238006 Stipulated - Approved Stipulated Value $1,228,700 $1,172,850 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: PARADIGM TAX GROUP 7200 S ALTON WAY STE A-250 CENTENNIAL, CO 80112-2247 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 COLORADO DEL HOLDINGS LLC 17704 N 92ND PL SCOTTSDALE, AZ 85255-6245 RE: THE BOARD OF EQUALIZATION 2020, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2020-2052 Appeal 2008226224 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 R4238006 Stipulated - Approved Stipulated Value $1,228,700 $1,172,850 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