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Home My WebLink About20192647.tiffAugust 6, 2019 Petitioner: 915 919 919 1/2 921 16TH STREET LLC PO BOX 270334 LOUISVILLE, CO 80027-5005 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBS ITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-2647 Appeal 2008224352 Hearing 8/5/2019 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 2019. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R3271586 Stipulated - Approved Stipulated Value $279,171 $261,938 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, 2019, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2019, 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 C�ic�'LCO. �IG� Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R3271586 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: 915 919 919 1/2 921 16TH STREET LLC PO Box 270334 Louisville, CO 8027 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2019 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: GR 3248 E45' L12 TO 16 & E45' OF S15' L17 BLK163 NORMAL WAY 915, 917 1/2 16th St, Greeley, CO 2. The subject property is classified as Mixed Use property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2019 : Total $441,795 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2019 actual value for the subject property: Total $261,938 5. The valuation, as established above, shall be binding only with respect to tax year2019 . 6. Brief narrative as to why the reduction was made: After a review of the approaches to value, an adjustment was indicated. 7. Both parties agree that: LIThe hearing scheduled before the Board of Equalization on 8/1/2019 at 9:00 am be vacated. nA hearing has not yet been scheduled before the Board of Equalization. 1 19-QCby7 ASO(03 DATED this 30 day of July , 2019 . Niranjan Sharma Niranjan Sharma (Jul 30, 2019) Petitioner(s) or Agent or Attorney Address: POB 270334 Louisville Telephone: 3035573636 Docket Number R3271586 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 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R3271586/915 919 919 1/2 921 16TH STREET LLC Final Audit Report 2019-07-30 Created: 2019-07-30 By: Courtney Maya (canaya@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAA9U7ZeLAHUZ7839OfMzMIzri-4okghX9C "R3271586/915 919 919 1/2 921 16TH STREET LLC" History t Document created by Courtney Anaya (canaya@co.weld.co.us) 2019-07-30 - 1:45:28 PM GMT- IP address: 204.133.39.9 P4 Document emailed to Courtney Anaya (canaya@co.weld.co.us) for approval 2019-07-30 - 1:45:30 PM GMT d© Document approved by Courtney Anaya (canaya@co.weld.co.us) Approval Date: 2019-07-30 - 1:45:46 PM GMT - Time Source: server- IP address: 204.133.39.9 E? Document emailed to Susan Gundry (sgundry@weldgov.com) for approval 2019-07-30 - 1:45:48 PM GMT t Email viewed by Susan Gundry (sgundry@weldgov.com) 2019-07-30 - 2:40:54 PM GMT- IP address: 204.133.39.9 d® Document approved by Susan Gundry (sgundry@weldgov.com) Approval Date: 2019-07-30 - 2:45:23 PM GMT - Time Source: server- IP address: 204.133.39.9 E Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-30 - 2:45:25 PM GMT ,t Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-30 - 3:04:12 PM GMT- IP address: 204.133.39.9 de Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-30 - 3:04:30 PM GMT - Time Source: server- IP address: 204.133.39.9 C-1-. Document emailed to Niranjan Sharma (nrsharma@gmail.com) for signature 2019-07-30 - 3:04:32 PM GMT Adobe Sign t Email viewed by Niranjan Sharma (nrsharma@gmail.com) 2019-07-30 - 3:57:50 PM GMT- IP address: 73.14.189.110 6,3, Document e -signed by Niranjan Sharma (nrsharma@gmail.com) Signature Date: 2019-07-30 - 4:02:21 PM GMT - Time Source: server- IP address: 73.14.189.110 P. Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-30 - 4:02:23 PM GMT t Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-30 - 5:26:48 PM GMT- IP address: 204.133.39.9 d® Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-30 - 5:39:48 PM GMT - Time Source: server- IP address: 204.133.39.9 O Signed document emailed to Niranjan Sharma (nrsharma@gmail.com), Courtney Anaya (canaya@co.weld.co.us), Susan Gundry (sgundry@weldgov.com), Brenda Dones (bdones@co.weld.co.us), and 2 more 2019-07-30 - 5:39:48 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: Niranjan Sharma Contact Email: nrsharma@gmail.com Contact Phone: 303-557-3636 Appeal Submitted: 08:13 AM July 08, 2019 Appeal submitted for: R3271586 915 919 9191/2 921 16TH STREET LLC 915 16TH ST, GREELEY Legal: GR 3248 E45 L12 TO 16 & E45 OF S15 L17 BLK163 NORMAL WAY Reason: Value Too High - The residential portion of the commercial property valuation had a gain of $160,589 going up from $26,466 to $187,055. In the past 24 years (since 1995) the residential valuation had been consistent and reflective of the limitation of this property due to its location.This is not your typical house since it is located where the parking lot for the commercial building would exist. We've had trouble renting/selling this space due to no parking, and the fact that the house is in an alley surrounded by easement as well located in the middle of a commercial district behind a bar and a restaurant that open late. I would agree that a typical house in any other location would probably demand this valuation but that is not the case in this location and this fact had been reflective in all previous valuations for this residential parcel. I would agree with the increase in the commercial portion of the property and would like to discuss this large jump in valuation for the residential portion. Speaking to our realtor we would think a $250k - 275k is a more accurate valuation considering similar homes in the vicinity. Thank you. Estimate of Value: $275,000.00 Document(s) Submitted: Account: R3271586 - R3271586_INITIAL PRO 1'LST.pdf Account: All Accounts - 917 - Est_10188_from_Bob_Behrends_Roofing_LLC_Aug._2015_17336 (Residence).pdf Account: All Accounts - Email to Ms. Gundary Property Tax Appeal 915-921 16th St. Greeley, CO 80631 (6-30-19).pdf You have selected the following Date Preferences: Thursday, August 1, 2019, from 9:00 a.m. to 12:00 p.m. Thursday, August 1, 2019, from 1:30 p.m. to 3:30 p.m. Monday, August 5, 2019, from 10:30 a.m. to 12:00 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 2019-2647 "SO(O3 Thank you for submitting an appeal to the Weld County Assessor's Office. We will review the information submitted and if we have questions we will contact you at one of the following: Contact Information: Contact Name: Raj Sharma Contact Email: raj gvistalodging.com Contact Phone: 303-834-7252 Appeal Submitted: 04:09 PM May 31, 2019 Appeal submitted for: R3271586 - 915 919 919 1/2 921 16TH STREET LLC 915 16TH ST, GREELEY Legal: GR 3248 E45 L12 TO 16 & 1--,45 OF S15 L17 BLK163 NORMAL WAY Reason: Value Too High - The residential portion of the commercial property valuation had a gain of $160,589 going up from $26,466 to $187,055. In the past 24 years (since 1995) the residential valuation had been consistent and reflective of the limitation of this property due to its location.This is not your typical house since it is located where the parking lot for the commercial building would exist. We've had trouble renting/selling this space due to no parking, and the fact that the house is in an alley surrounded by easement as well located in the middle of a commercial district behind a bar and a restaurant that open late. I would agree that a typical house in any other location would probably demand this valuation but that is not the case in this location and this fact had been reflective in all previous valuations for this residential parcel. I would agree with the increase in the commercial portion of the property and would like to discuss this large jump in valuation for the residential portion. Speaking to our realtor we would think a $250k - 275k is a more accurate valuation considering similar homes in the vicinity. Thank you. Estimate of Value: $275,000.00 The Appeal process can take several weeks for us to complete. We will mail a decision on your appeal by June 30th for real property and by July 10th for business personal property and/or oil and gas. We thank you for your submittal. Weld County Assessor's Office (970) 400-3650 � Gmail Raj Sharma <nrsharm @gmaitc m> Property Tax Appeal: 915-921 16th St. Greeley, CO 80631 2 messages N. ".a Sharma <nrsharma@gmail.com> To: Susan Gundry <sgundry@weldgov.com> Dear Ms. Gundry, Sun, Jun 30, 2019 at 9:21 AM Attached please find the Profit and Loss statements for 2017 and 2018 for the business building (Account#: R3271586). I've also attached estimates for roof replacement for both the commercial and residential buildings. The roof on both of the properties are old and require replacement. The unit located at 921 16th Street (part of the business building) will also be vacant as of July 1, 2019. We had the management company start advertising this unit for rent about 4 months ago and they have not had luck securing a new tenant for us, they say the primary obstacle has been our asking rent which is the same as what our current tenant had been paying since 2018 (secondary issue being no parking). We are being advised by the management company that there is a downward pressure when trying to fill the occupancy at the same rent from last year. I understand factors for 2019 are not considered in the current valuation, but I thought this was important to mention and shows a trend when trying to fulfill vacancy at the same rental rate as what we had been getting in the previous years. In the past 24 years the residential valuations from the assessor has remained consistent and reflective of the limitations on the property due to its location. As mentioned in our appeal this residence is not your typical house with parking, yard and located among other residential properties in a quiet neighborhood. We don't feel the residential assessment have been undervalued for the past 24 years, rather the assessments has taken into account the unique attributes of this residential property. In looking for comparables to the residential property have you found others in the county with similar limitations? That is a house with no parking, no yard, located in an alley behind a commercial building and surrounded by high intensity commercial businesses, plus the fact that the residential property cannot be easily annexed from the business parcel makes it difficult to sell independently, a potential buyer would need to purchase the entire parcel and can not consider the residential property independently as they may be able to do with similar residential property located elsewhere in the county, this severely limits our options for selling the residential building and its desirability which should be considered in a market based valuation approach. We would like to make sure the current $160,589 increase in valuation appropriately considers these various factors and is based on like kind properties in Weld County that are similar to the aforementioned limitations of this residential property. We feel the assessor's pervious valuations of the residential property, over the past two and a half decade, were reflective of such limitations and now that they are not we'd like to understand the comps used for the valuation for the residential portion of our property. Enclosed please find the following: 1. Commercial Building - 2017 & 2018 Profit Loss Statement for the business building received from our management company. 2. Commercial Building - Roof Replacement bid. 3. Residential Building - Roof Replacement bid. Thank you again for your time and consideration of our request. Please feel free to contact me directly at 303-557-3636 should you have any questions for me. If you would like to send comps used for evaluating the residential property please email them to nrsharma@gmail.com. Gratefully, Niranjan Sharma Account#: R3271586 Mobile: 303-557-3636 Email: nrsharma@gmail.com t{1t.W01Mtt1s1NXM[ . YMpMA :HH'la 'CCX4TS//A:.A'(20:at IR.Srd.ML%!M:IAMY.Of.Y.00SS y R.1.,:rXf R.Kttk fatC'RNMW'W'AJ TOWLRYAt➢PYI.It04MM1MIa/]1V9IAI. 11NFJM..S44NIKMNMees2c yMA 4 attachments 2017 P&L Statement.pdf 53K 2018 P&L Statement.pdf 52K 915 - Dave - Topco Roofing LLC (Commercial Building).pdf 86K m 917 - Est 10188_from_Bob_BehrendsRoofing LLC Aug _2015_17336 (Residence).pdf imia 988K N. R. Sharma <nrsharma@gmail.com> Sun, Jun 30, 2019 at 9:29 AM To: Susan Gundry <sgundry@weldgov.com> [Quoted text hidden] Forwarded message From: Susan Gundry <sgundry@weldgov.corn> Date: Tue, Jun 4, 2019 at 9:24 AM Subject: 915 16th St To: raj@vistalodging.com <raj@vistalodging.com> Good morning, I received your 2019 real property appeals. Commercial properties are valued by 3 approaches to value: cost, market and income. As these properties are income producing and in pursuant C.F.S. 39-8-107, I am requesting a copy of the current leases, rent roll and the income and expenses for the properties for 2017 and 2018. As far as the residential portion, that appears to have been undervalued for quite some time, in 2017 it was valued at $20,300 which was nowhere near what its real value was. If it had been valued appropriately it would have been valued at $123,559. Now it is value based on market sales of similar sized homes with similar features. The commercial portion of the property is also based on sales at $80.00 per square foot and income was also considered with a market lease rates in the area from $8.00 NNN up which support the value place on the retail portion of the property. If you supply the income and expenses, that will get consideration. Thank you Susan Gundry Property Appraiser Commercial Division Weld County Assessor's Office 1400 N. 17th Avenue Greeley, CO 80631 970-400-3676 sgundry@weldgov.com WC Logo Color Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. YNDbvY/bY///NWatg$7//X<Olao%F//.f'/N/. »pry/'/G✓/F'SAIG VALS2 >M✓/em' Ia xa.WctYq�^.DIYXO%s.BraWardeNOMODYM:Y.RLt MZeXIOXWAXXXO#VMR:t ... <xa#+-+rseHv/oxoN.vea SaRy4 ar 4 attachments 2017 P&L Statement.pdf 53K 2018 P&L Statement.pdf 52K 915 - Dave - Topco Roofing LLC (Commercial Building).pdf 86K -7=1 917 - Est _10188 from Bob Behrends Roofing_LLC_Aug._2015_17336 (Residence).pdf 988K Serving Northern Colorado Name / Address f'O�w.xw.ov/aYxrcv.,�ncFY% Ab+a'/m'nnmw.WYieeevWµr�[WgYM.v..�! V%. IRajSharma 1917 16th St. Greeley, CO 80631 Bob Behrends Roofing, LLC 614 5th Ave. Greeley, CO 80631 Greeley: 970-395-0406 Longmont: 720-652-9798 Loveland/Ft. Collins: 970-461-9666 Brighton/Denver: 303-659-6979 Ft. Morgan: 970-542-1101 Colorado Springs: 719-633-1599 Fax: 970-353-2143 Date Estimate --T 9/25/2018 Contract Inclusive of Attached Addendum 1 Which Includes All Consumer Protection Guidelines for Bill SB38 Shingle Info Claim Number AAAAvvrcnatedAwl Rep Description Note: Railing Around Flat Needs Removed Before Roof Can Be Done House Tear Off 2 Layers 1 Comp & 1 Wood and Install Felt Install Owens Corning Oakridge 130mph Wind Rated w/ 6 Nail Application Limited Lifetime Shingles Flash & Counter Flash Chimney & Wrap with Ice & Water Shield Install Ice & Water Shield at Valleys & 2/12 Pitch Install 3 Plumbing Pipe Flashings Install Edge Metal at Rakes & Eaves - White Flat: Install SBS Modified on Flat Roof (White, Black, Chestnut (tan), Slate Gray, Oak (dark brown), or Weathered Wood Colors Only) Additional Charge for Steep Pitch Roof Install 7/16" Wafer Board Decking Over Spaced Decking Install Roof to Wall Flashing Note: Siding Repairs May Be Required In Order to Flash Properly Behind Existing Siding. Damages That Could Occur Are Not Bob Behrends Roofing Responsibility In Order to Meet Code/Manufacturers Requirements to Properly Replace the Roof Replace Power Vent Option: Install Duration Storm Class 4 Impact Resistant Shingle Additional $590.00 Option: Owens Corning Platinum Warranty Includes 25yr. Non Proration Period for Labor, Material and Workmanship with Synthetic Felt Additional $590.00 Clean Up & Haul Away Trash Permit Cost Included in Total FIVE YEAR GUARANTEE ON WORKMANSHIP Total Due Upon Completion * Prices Subject to Change Due to the Increasing Oil Prices which Most Roof Components are Derived From. Please Verify Actual Price at Time of Acceptance. *Siding Repairs May Be Required In Order to Flash Properly Behind Existing Siding. Damages to Paint/Siding _hat Could Occur Are Not Bob Behrends Roofing Responsibility In Order to Meet Code/Manufacturers Requirements to Properly Replace the Roof System. *Decking Extra As Needed $40/Sheet *Please Notify If Home Build Prior to 1978 to Receive Proper Disclosures Required By EPA. Prices May Be Subject to Increase In Order to Follow EPA Guidelines. *Satellite Dish May Need Realigned at Completion of Roof Replacement At Owners Expense a Tim Project Total 1,738.50 4,425.75 250.00 560.00 69.00 279.00 600.00 1,267.00 3,033.80 190.00 200.00 Total Auth rization to Proceed Date $12,613.05 Should Default Be Made in the Payment of the Contract, Charges Shall be Addeded From the Hereof at a Rate of One & One Half Percent Per Month (18% PER ANNUM) with a Minimum Charge of $2.00 Per Month, and Placed in the Hands of an Attorney for Collections, All Attorney's Fees and Legal Filing Fees Shall Be Paid By Customer Accepting Said Contract. All Litigation Will Be Settled By Legally Binding Arbitration in Weld County, Colorado. 915 - 921 16th Street Greeley, CO 80631 2017 PM_ Statement JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Total 'ental Income $3,938 $3,938 $3,938 $3,938 $2,138 $2,138 $2,138 '. 4 t $3,450 $3,450 $3,450 $3,450 $39,416 MillnIMMIHIIIINIIIII ... Debt Service (Interest)IIIIIIIIIIIIIIII . IIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIMIIIIIIIIIIIIIIIII $81000 nwroperty Tax $3,645 I nsurance $3,089 ®A Pee $60 ate r '. • '. • $221 I I '• $210 $201 1. $ $198 '. $216 $2,583 •. `f $102 '. '. $112 '• #. '• '• $177 $1,725 lectricity & Gas `. '. $245 $120 $1,116 epa�r & Services applies 11.11111.1111 .. IIMIIIIMIIIIIIIIIIIIIIHIIIIIIIIMIMIIIRIIIIIIIII mprovernents $2,980 $2,980 $377 $377 ee, Permit & Also f anarernent Pee $394 $394 $394 $394 $214 $214 $214 `• '. $345 $345 $345 $3,942 " ental Commission isc. Gross Rents : Total Expenses $39,416 $27,516 Profit/Loss : $11,900 915 a 921 16th Street Greeley, CO 80631 2018 P/L Statement JAN FE MAR APR _ MAY JUN JUL AUG SEP OCT NOV DEC ental Income $3,450 Insurance - IOA Fee OS Registration Water Electricity & Gas Improvements epair & Services upplies Management Fee Rental Commission $380 $3,928 $42,327 $2,309 Gross Rents : $42,327 Total Expenses : $28,977 Profit/Loss : $13,350 July 26, 2019 Petitioner: 915 919 919 1/2 921 16TH STREET LLC PO BOX 270334 LOUISVILLE, CO 80027-5005 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2019-2647, AS0103 Appeal 2008224352 Hearing 8/1/2019 9:00 AM Account(s) Appealed: R3271586 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 1, 2019, at or about the hour of 9:00 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2019, 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 ofyourwritten 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 Danes, Assessor Hello