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Home My WebLink About20201099.tiff Chloe Rempel From : Lori Lovato Sent : Wednesday, April 8, 2020 2 : 27 PM To : Chloe Rempel Cc : Brenda Dones; Jason Marini ; Wade Melies; Millie Channell Subject : Withdrawal Abatements ( 17 - 18 ) R7733799 , R6784078 Good afternoon Chloe , Please see the withdrawal below . These are scheduled for hearings on May 4 , 2020 . Let me know if you need anything else . I hope you ' re doing well ! Lori Lovato Public Information Supervisor Weld County Assessor' s Office 1400 N 17th Avenue Greeley, CO 80631 ( 970 ) 400 - 3679 llovato@weldgov . com From : David Johnson < djohnson@jcsco . com > Sent : Wednesday, April 8 , 2020 10 : 23 AM To : Lori Lovato < Ilovato@weldgov . com > Cc : Millie Channell < mchannell@weldgov . com > Subject : Withdrawal Abatements ( 17 - 18 ) R7733799 , R6784078 This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Lori , We wish to withdraw our Abatement ( 17 - 18 ) appeals for R7733799 and R6784078 . Thank you , David Johnson Joseph C Sansone Company 18040 Edison Avenue Chesterfield, MO 63005 1 -636-733-5455 Direct 1 -800-394-0140 Ext 5455 1 -636-733-2223 Fax djohnson©jcsco. corn cc : ASS ( 6O ( JmIQK ILLS aac tc m ) 2020- 1099 neirn ons C&* id n s oc i f c i / ao CH Igo / DO ASOIOS ♦ , PETITION FOR ABATEMENT OR REFUND OF TAXES 1 County: Weld Date Received (Use Assessor's or Commissioners'Date Stamp) ;s J7 C .) no v Section I: Petitioner,please complete Section I only. 12/20/2019 1"� � L.. I I Y ASSA_ Date: Month Day Year Petitioner's Name: FERROUS DEVELOPMENT LLC Petitioner's Mailing Address: Joseph C Sansone Comoany. David Johnson, 18040 Edison Avenue Chesterfield MO 63005 City or Town State Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY 146703123001 3770 Puritan Way pj Gg 7irLVo r/$' Petitioner requests an abatement or refund of the appropriate taxes and states that the taxes assessed against the above property for property tax years 017 and 201 are incorrect for the following reasons: (Briefly describe why the taxes have been levied erroneously or'Regally,whether due to erroneous valuation,irregularity in levying,clerical error or overvaluation. Attach additional sheets if necessary.) The Assessor's calculation of value exceeds the actual fair market value of the property. Petitioner's estimate of value: $ See enclosed ( 2017 )and $ See enclosed ( 2018 ) Value Year Value Year I declare,under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits or statements,has been prepared or examined by me,and to the best of my knowledge,information and belief,is true,correct,and complete. Daytime Phone Number( I Petitioner's Signet Email By cs --- Daytime Phone Number j 636 ) 733-5455 ,Agent' gesture Email appeals@jcsco.com *Letter of agency must be attached when petition is submitted by an agent. If the Board of County Commissioners,pursuant to p 39-10-11441),C.R.S.,or the Properly Tax Administrator,pursuant to 39-2-11e,C.R.S., denies the petition for refund or abatement of taxes in whole or In part,the Petitioner may appeal to the Board of Assessment Appeals pursuant to tee provisions of*39-2-125,C.R.S..within thirty days of the entry of any such decision,§39-10-114.5(1),C.R.S. Section II: Assessor's Recommendation /( (For Assessor's Use Only) 21_4±,1 Tax YearTax Yea?2 sn/E Mot AnitattedIfl? Actual Assessed Tax Original / bS P385,%OZ) 39/8a.3G 1330Lg . 3'5!2D ,t3�,33i O; Covected 1,33°4F,1 4 3gsiloo$3 Lt. l3?o a91,3k5i,00 Aba4slRafund ❑Assessor recommends approval as outlined above. If the request for abatement is based upon the grounds of overvaluation,no abatement or refund of taxes shall be made if an objection or protest to such valuation has been flied and a Notice of Determination has been marled to the taxpayer,§39.16114(1 xexlxD),C.R.S. Tax year Protest? ❑No 0 Yes (If a protest was filed,please attach a copy of the NOD.) Tax year Protest? ❑No ❑Yes (If a protest was filed,please attach a copy of the NOD.) Assessor recommends denial for the following reason(s): • 3 r ki 3 ' P � AesesifJ117:;le uty Assessor's Qpr'raFu 1 15-DPT-AR No.920-68/15 19348790001 CO • FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund filed pursuant to §39-10-114,C.R.S.shall be acted upon pursuant to the provisions of this section by the Board of County Commissioners or the Assessor,as appropriate,within six months of the date of filing such petition,§39-1-113(1.7), C.R.S. Section III: Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to$10,000) The Commissioners of County authorize the Assessor by Resolution No. to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of$10,000 or less per tract,parcel,or lot of land or per schedule of personal property,in accordance with§39-1-113(1.5),C.R.S. The Assessor and Petitioner mutually agree to the values and tax abatement/refund of: Tax Year Tax Year Actual Assessed Tax Actual Assessed Tax Original Corrected Abate/Refund Note:The total tax amount does not include accrued interest,penalties,and fees associated with late and/or delinquent tax payments,if applicable. Please contact the County Treasurer for full payment information. Petitioner's Signature Date Assessor's or Deputy Assessor's Signature Date Section IV: Decision of the County Commissioners (Must be completed if Section III does not apply) WHEREAS,the County Commissioners of County,State of Colorado,at a duly and lawfully called regular meeting held on / / ,at which meeting there were present the following members: Month Day Year with notice of such meeting and an opportunity to be present having been given to the Petitioner and the Assessor of said County and Assessor (being present--not present)and Name Petitioner (being present--not present),and WHEREAS,the said Name County Commissioners have carefully considered the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,that the Board(agrees--does not agree)with the recommendation of the Assessor and the petition be(approved--approved in part--denied)with an abatement/refund as follows: Year Assessed Value Taxes Abate/Refund Year Assessed Value Taxes Abate/Refund Chairperson of the Board of County Commissioners'Signature I, County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementioned county,do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners. IN WITNESS WHEREOF,I have hereunto set my hand and affixed the seal of said County this day of Month Year County Clerk's or Deputy County Clerk's Signature Note: Abatements greater than$10,000 per schedule,per year,must be submitted in duplicate to the Property Tax Administrator for review. Section V: Action of the Property Tax Administrator (For all abatements greater than$10,000) The action of the Board of County Commissioners,relative to this abatement petition,is hereby ❑Approved O Approved in part$ ❑Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature Dale 15-DPT-AR No.920-66/15 19348790001 CO 11MQ8disos e JOSEPH C.SANSONE COMPANY cbmtertleld.MO 63005 Illaboi flurMa 1400.3944140 AGENT AUTHORIZATION Colorado TO: Assessor's Office and the Assessment Review Agency The Property Owner(s)listed below hereby authorize and appoint the Joseph C. Sansone Company to act as agent with fall authority to handle all matters relating to ad valorem tax matters for our respective listed parcels. This includes,but is not limited to,the filing of property tax declarations or other documents with you or the Amt Appeals Board,examining any records in your office which we have a right to examine,appearing before any assessment officer or board and discussing assessments and resolving disputes with you concerning the assessments on parcels fbr which we are responsible fbr the property taxes.This authority droll terminate when all matters relating to the 20 17 Through 20 20 assessments are resolved. FERROUS DEVELOPMENT LLC R6784078 Exact Name of Property Owner Parcel Number Schechde/PIN/Accotmt pre ens) Exact Name of Property Owner Parcel Number Schedule/PIN/Account pc r) Exact Name of Property Owner Parcel Number Schedule/PIN/Account ar,waobr.) Exact Name of Property Owner Parcel Number Schedule/PIN/Account(if e) c,i7Z Richard Pelletier AUTHORIZED SIONAT[JR PRINT NAME OF AUTHORIZED SIGNER .07 � Manager DATE TITLE !fie of Colorado orado City/County of On this day of 20_before me,the undersigned,personally appeared lmown to me(or satisfactorily proven)to be the person whose name is subscribed to within this instrument sad acknowledged that he mmeuted the same for the purposes therein ermined. In witness hereof!hereunto set my Mod and druid ieal. Notary Public REVISED 08115 3770 Puritan Way JOSEPH SC ANSONE co. PTR Number: 19348790001CO Business Tax Solutions Location IDs: R6784078 Area Type WAREHOUSE Location Totals Gross Building Area 23,040 23,040 Net Leaseable Area 23,040 23,040 Potential Gross Income 5.00 115,200 5.00 115,200 Vacancy and Credit Loss 8.0% 9 216 8.0% 9.216 Effective Gross Income 105,984 105,984 Overall Expense 110.0% 10.5981 ( I I 110.0% 10.598 Net Operating Income 95,386 95,386 Base Cap Rate 8.000 Adj Tax Rate 0.236 Adj Cap Rate 8.236 Value Sum 1,158,211 Indicated Value 1,158,000 Total Indicated Value per SF(NLA) 50.27 19348790001CO Broker's Opinion-This is not an apprasial-See Full Disclaimer REAL PROPERTY SUMMARY ANALYSIS OF S.N.S. Ironworks 3770 Puritan Way Frederick, CO 80516 Parcel ID(s) Appeal Number R6784078 Prepared By: JOSEPH C.SANSONE CO. Business Tay Solutions JOSEPH C. SANSONE COMPANY 18040 Edison Avenue Chesterfield, Missouri 63005 <This is not an appraisal> This information is provided by the Joseph C.Sansone Company as an authorized advocate and representative of the property owner or taxpayer. Therefore,the information is not and should not be considered an objective analysis of the value of the subject property interest. The information is not intended to constitute an "appraisal"or"appraisal report"pursuant to the Uniform Standards of Professional Appraisal Practive("USPAP")or Missouri law. No one from the Joseph C.Sansone Company is acting as a licensed or certified real estate appraiser in this matter. Whether any person involved in the preparation or presentation of the information is a licensed or certified appraiser is of no importance and the information and presentation are not intended to comply with the USPAP requirements of appraisal practice. 19348790001 CO • JOSEPH C.SANSONE CO. BuaUM Tax Solutions• POINTS OF DISCUSSION Property Issues Broker's Opinion -This is not an appraisal 401 N 1st St La Salle, CO 80645 - • Class C Warehouse Building of 11 ,880 SF Sold on 11 /24/2015 for $580 ,000 - Research Complete Joa Th SWING buyer - .Robert Scharf s �- • 22655 Centennial Rd y: .� ' Iht �' -- Gretna, NE 68028 r- f . _ : 1 (402) 332-5533 4 ► . -ww v • t."1". - 4+z. a P . : . ' -77- seller _ _ yam:�`• ._nom - 4• _11l'� ---Ass 4410111 Annette Martin 1440 Moss Rock PI Boulder, CO 80304 (303) 444-4147 - -: ... vital data Escrow/Contract: - Sale Price : $580,000 Sale Date : 11 /24/2015 Status : Full Value Days on Market: 386 days Building SF : 11 ,880 SF Exchange : No Price/SF : $48 .82 Conditions : - Pro Forma Cap Rate : - Land Area SF : 19,515 Actual Cap Rate : - Acres : 0 .45 Down Pmnt: - S/SF Land Gross : $29 .72 Pct Down : - Year Built, Age : 1960 Age : 55 Doc No: 4160460 Parking Spaces : 6 Trans Tax : - Parking Ratio: - Corner: No FAR 0 .61 Zoning : Lot Dimensions : - No Tenants : 1 Frontage : - Percent Improved : 78.5% Tenancy: Single Submarket: Weld County Ind Comp ID : 3454922 Map Page : - Parcel No : 096131410007 Property Type : Industrial income expense data Listing Broker Expenses - Taxes $5,203 Realtec Commercial Real Estate Services - Operating Expenses '1711 61st Ave Greeley, CO 80634 Total Expenses $5,203 (970) 346-9900 Mark Bradley Buyer Broker financing prior sale 1st Great Western Bank Date/Doc No: 2/6/2013 Bal/Pmt: $464,000 Sale Price : ComplD : 2685574 Copyrighted report licensed to Joseph C. Sansone Company - 996357. r 8750 W 20th St Greeley. CO 80634 Class B R&D Building of 61 ,924 SF Sold on 11 /20/2015 for z'4 Jimiat $2,868 , 800 - Research Complete buyer E 'F _ .�. , I N u.�--_.,. .. PDC Energy, Inc � s: lilt_ ii . �•ii1775ShermnSt • Denver, CO 80203 +.. ;_ r_ ....... m — _ (303) 860-5800 - � -, ,, r r..� - _ seller - =- .-- .... �' .,-- '` Roxanne Fie Anderson Revocable Trust - ...-,.- at.4.,„ 4720 Bow Mar Dr _ - - Bow Mar, CO 80123 - . .r. , -� (303) 948-2430 '--, 1O �"` vital data Escrow/Contract: - Sale Price : $2,868 ,800 Sale Date : 11 /20/2015 Status : Full Value Days on Market: 518 days Building SF : 61 ,924 SF Exchange : No Price/SF : $46. 33 Conditions : - Pro Forma Cap Rate: - Land Area SF : 383, 328 Actual Cap Rate : - Acres : 8 .8 Down Pmnt: $2,868,800 $/SF Land Gross : $7.48 Pct Down : 100 . 0% Year Built, Age : 1974 Age : 41 Doc No: 4160192 Parking Spaces : 100 Trans Tax: - Parking Ratio: 1 .61 /1000 SF Corner: No FAR 0 . 16 Zoning : C-3 Lot Dimensions : - Percent Improved : 90.2% Frontage: - Submarket: Weld County Ind Tenancy: Single Map Page : - Comp ID : 3446022 Parcel No : 095918000047 Property Type : Flex income expense data Listing Broker Expenses - Taxes $41 , 172 CBRE CBRE - Operating Expenses 5455 Landmark PI 3003 E Harmony Rd Total Expenses $41 , 172 Greenwood Village, CO 80111 Fort Collins, CO 80528 (720) 528 -6300 (970) 372-3007 James Bolt, Tyler Carner Peter Kelly Buyer Broker financing Copyrighted report licensed to Joseph C. Sansone Company - 996357. N 3/6/2020 Attn: Brenda Dones RE: 2017 &2018 Abatement received 1/2/2020 R6784078 Ferrous Development LLC 3770 Puritan Way Unit B Frederick,CO 2017/2018 Assessors Value$1,330,682 or($57.76/sf) SUBJECT: The subject property is located at 3770 Puritan Way in Frederick, CO. The subject property contains 82,558 square feet of land located in Glacier Business Park,southwest of Hwy 52 and 1-25 in Frederick. It was built in 2001 and contains 23,040 square feet.The office portion is 3,660 square feet and the warehouse portion is 19,380 square feet. It is of masonry construction of average quality in typical condition. This denial will allow the appeal to be carried forward to the next level of appeal. There is currently a 2019 appeal on this property pending at BAA. Hello