HomeMy WebLinkAbout20192777.tiffAugust 6, 2019
Petitioner:
GREELEY RETAIL DST
C/O KOHL'S DEPARTMENT STORES
PO BOX 2148
MILWAUKEE, WI 53201-2148
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBS ITE: www.weldaov.com
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
CBIZ MHM, LLC - ST LOUIS
625 MARYVILLE CENTRE DR STE 200
SAINT LOUIS, MO 63141-5834
RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket 2019-2777 Appeal 2008224510 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
R2587603 Deny - Administrative Deny $8,823,900 $8,823,900
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 Equalizaion 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 infornation 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 lust 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 6, 2019
Agent:
CBIZ MHM, LLC - ST LOUIS
625 MARYVILLE CENTRE DR STE 200
SAINT LOUIS, MO 63141-5834
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
GREELEY RETAIL DST
C/O KOHL'S DEPARTMENT STORES
PO BOX 2148
MILWAUKEE, WI 53201-2148
RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket 2019-2777 Appeal 2008224510 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. §39-8-101et 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
R2587603 Deny - Administrative Deny $8,823,900 $8,823,900
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
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 Bard 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
Chloe Rempel is/i 130 Q•nr, •
From:
Sent:
To:
Cc:
Subject:
Hermes, Rich <RHermes@CBIZ.com>
Tuesday, July 30, 2019 10:44 AM
CTB-County Board of Equalization
Wade Melies
FW: Kohl's, R2587603
Caution: 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.
Dear CBOE,
Per my conversation with Wade Melies, I respectfully request an Admin-Denial on the above property. Do not hesitate
to contact me with any questions. Also, could you please confirm that you received this request?
Thank you very much,
Rich
CBI7.
Rich Hermes Managing Director
CBIZ Property Tax
(314) 692-5841 mobile (618) 210-0712 cbiz.com
From: Wade Melies [mailto:wmelies@weldgov.com]
Sent: Tuesday, July 30, 2019 11:37 AM
To: Hermes, Rich <RHermes@CBIZ.com>
Subject: [ EXT ] RE: Kohl's
>>> External email sender wmelies@weldgov.com from United States <<<
Rich
Please send an email requesting an admin deny to weld-cboe@co.weld.co.us
Please cc me.
Thanks
Wade
From: Hermes, Rich <RHermes@CBIZ.com>
Sent: Tuesday, July 30, 2019 10:33 AM
To: Wade Melies <wmelies@weldgov.com>
Subject: FW: Kohl's
Caution: 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.
Wade,
I presented the value to Kohl's and the person I deal with seems to be fine with it. However, their main person is out
and no one else will step up and ok your value. So, is my next step, since I can't sign off on the value, to ask for an
Admin-denial, our do you present your value at the hearing if I don't show up and that come thru as the decision. In all
my years working out there, this is new scenario to me. Sorry about the hassle.
1
Aso ►03
Just let me know what to do, but for sure I'm not coming out for the hearing.
Thanks Wade,
Rich
Rich Hermes Managing Director
CBIZ Property Tax
(314) 692-5841 mobile (618) 210-0712 cbiz.com
From: Hermes, Rich
Sent: Wednesday, July 24, 2019 3:27 PM
To: Wade Melies <wmelies@weldgov.com>
Subject: RE: Kohl's
Wade,
I'll forward this to Kohl's.
Thank you very much.
rich
Rich Hermes Managing Director
CBIZ Property Tax
(314) 692-5841 mobile (618) 210-0712 cbiz.com
From: Wade Melies [mailto:wmelies@weldgov.com]
Sent: Wednesday, July 24, 2019 3:25 PM
To: Hermes, Rich <RHermes@CBIZ.com>
Subject: [ EXT ] RE: Kohl's
>>> External email sender wmelies@weldgov.com from United States <<<
Rich
The current value is $8,823,900 or $100 psf,
$7,941,510 is $90 psf
Wade
From: Hermes, Rich <RHermes@CBIZ.com>
Sent: Wednesday, July 24, 2019 2:10 PM
To: Wade Melies <wmelies@weldgov.com>
Subject: RE: Kohl's
Caution: 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.
Wade,
I wanted to present the final offer to Kohl's; that was $8,144,031, correct? I do appreciate all your help.
Thanks Wade,
2
Rich
Rich Hermes Managing Director
CBIZ Property Tax
(314) 692-5841 mobile (618) 210-0712 cbiz.com
From: Wade Melies [mailto:wmelies@weldgov.com]
Sent: Wednesday, July 24, 2019 3:01 PM
To: Hermes, Rich <RHermes@CBIZ.com>
Subject: [ EXT ] RE: Kohl's
>>> External email sender wmeliesgweldgov.com from United States <<<
Rich
Thank you for all the information's. I have reviewed this with the Assessor and we really think that $90 per sq. ft. is the
lowest end of the range. This appeal is scheduled for 8/1/19 at 1:30 PM to 3:30 PM on a trailing docket. Currently there
are 29 appeals scheduled for that time. They are allowing 15 minutes total for commercial appeals. I get 5 minutes, you
get 5 minutes and the commissioner get 5 minutes.
If you like an admin deny, please email weld-cboe@co.weld.co.us
Let me know your thoughts.
Wade
From: Hermes, Rich <RHermes@CBIZ.com>
Sent: Wednesday, July 17, 2019 11:35 AM
To: Wade Melies <wmelies@weldgov.com>
Subject: RE: Kohl's
Caution: 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.
Wade,
Here is the income approach, changed to your expense and the cap rate that we spoke about last week. The value still
comes in over $90/sf which is still well above the other big boxes. I understand the size adjustment, but should it really
be that much? As you know the rent is what Kohl's is actually paying, but what are you using on the other big boxes to
come up with the values that are so much lower than ours. I have also attached a list of big box sales. Every one (except
the one that's out of base period) needs some sort of adjustment, size, age etc but I sent this just so you can see the
range that big boxes are selling for. They are must closer to the other big box values.
Anyhow, that's all I have. I do appreciate you taking the time to look at all the info and can contact me if there is
anything else you need.
Thanks Wade.
Rich
Rich Hermes Managing Director
CBIZ Property Tax
(314) 692-5841 mobile (618) 210-0712 cbiz.com
3
From: Wade Melies [mailto:wmelies@weldgov.com]
Sent: Monday, July 15, 2019 10:21 AM
To: Hermes, Rich <RHermes@CBIZ.com>
Subject: [ EXT ] RE: Kohl's
>>> External email sender wmeliesaweldgov.com from United States <<<
Thank you
From: Hermes, Rich <RHermes@CBIZ.com>
Sent: Monday, July 15, 2019 8:54 AM
To: Wade Melies <wmelies@weldgov.com>
Subject: Kohl's
Caution: 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.
Wade,
Here is the lease and a summary (easier to read). Wade, this was a build to suit lease when Kohl's was 1st built; not sure
if you can consider arms -length or not? I will send some other info soon.
Thanks Wade,
Rich
Rich Hermes
Managing Director
CBIZ Property Tax
625 Maryville Centre Drive I Suite 200
St. Louis, MO 63141
(314) 692-5841 phone
(618) 210-0712 mobile
(314) 692-4222 fax
rhermes@cbiz.com
cbiz.com I office & map I vCard I video
D
in
ye
The information in this e-mail message may be privileged, confidential, and protected from disclosure. If you are not the intended recipient, any dissemination,
distribution or copying is strictly prohibited. If you think that you have received this e-mail message in error, please e-mail the sender and delete all copies. Thank
you.
4
NOTICE OF DETERMINATION
RECEIVED
Brenda Dones
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
J U L 1 1 2019
WELD COUNTY
Date of Notice: 6/25/2019
Telephone: (970) 400-3650
Fax: (970) 304-6433
Office Hours: 8:00AM — 5:00PM
ACCOUNT NO.
LUMMIbSI°I"J
TAX YEAR
TAX AREA
DESCRIPTION/ PHYSICAL LOCATION
R2587603
2019
0683
GR 2CP L1 BLK1 CENTERPLACE 2ND FG
4224 CENTERPLACE DR GREELEY
PROPERTY OWNER
GREELEY RETAIL DST
C/O PETER J CORSETT,ESQ.,BARCLAY DAMON LLP
125 E JEFFERSON ST
SYRACUSE, NY 13202-2020
PROPERTY CLASSIFICATION
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
REVIEW
ACTUAL VALUE AFTER
REVIEW
COMMERCIAL
8,823,900
8,823,900
TOTAL
8,823,900
8,823,900
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):
CBIZ MHM, LLC - ST LOUIS
625 MARYVILLE CENTRE DR STE 200
SAINT LOUIS, MO 63141-5834
15-DPT-AR
PR 207-08/13
R2587603
2019-2777
"SO1O3
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from
July 25th through August 5th at 1150 0 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.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, 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.)
$7,600
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
inst led cost, appraisal, etc.) CO
$ Le �r1L k� biq Io�c s Qr,� Weld t-Aac Mike/ i9 -T l& Jsc 1 Iowa t.
Also ,6,sco o,J `iJcra•c- ApeR.A tech." /).c,-Itoi fait 14° CsrRQcrci virke of t o° Jr
is eieccssru'
ATTESTATION
I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein
andRon/any aattaac�hme?ts hereto are true and complete.
Signature
rAPrr 1 &s C12. . (Dm
Email Address
3/Y-4
7/449
Telephone Number Date
' Attach letter of authorization signed by property owner.
15-DPT-AR
PR 207-08/13
R2587603
CBIZ
RECEIVED
JUL a , �q.e`ti1
,
WELD COUNTY
COMMISSIONERS
July 10, 2019
Weld County Board of Equalization
1150 O Street.
Greeley, CO 80631
Re: Kohl's R2587603
Sears R0067987
Dear BOE,
CBIZ MHM, LLC - St. Louis
625 Maryville Centre Drive, Suite 200
St Louis, MO 63141
Ph: 314.692.2249 • F: 314.692.4222
www.cbiz.com
Please find attached the protest forms representing the above mentioned properties. If
you would like to discuss before the scheduled hearing, please feel free to call me at
314-692-5841.
Respectfully submitted,
LJ14/.%44
Richard W. Hermes
Managing Director - Property Tax
Attachments
CBIZ MHM, LLC - St. Louis
WELD COUNTY BIG BOX COMPARABLES
Location
Account Imps Size Total Value $ / sf Year Built
KohIs R2587603 88,239 8,823,900 $100 2003
Target R2134303 124,475 10,206,950 $82 2003
Walmart R1716202 212,992 15,335,424 $72 2002
Home Depot R8403700 114,213 7,994,910 $70 1998
Walmart R2295303 202,130 11,925,670 $59 1994
Sams R5229608 141,772 9,215,180 $65 2008
KOHL'S #569
Greeley, CO
Account # R2587603
GBA
Rent
PGI
Vacancy @3%
EGI
Expenses @10%
NOI
Cap Rate
MV
Per S.F.
2019 Value
Per S.F.
88,239
$8.02
Actual $707,264
-$21,218
$686,046
-$68,605
$617,441
8.00%
$7,718,018
$87
$8,823,900
$100
1DHL'S
LETTER OF AUTHORIZATION - 2019
SUBJECT: APPOINTMENT OF AGENT
To: All County Assessor's, Appraisal Districts and Property Assessment
Jurisdictions
Please be advised that Richard Hermes/CBIZ MHM LLC, 625 Maryville Centre
Drive, Suite 200, Town & County, MO, 63141, is duly appointed agent of Kohl's
Department Stores Inc., and Kohl's, Inc. for all ad valorem tax matters.
Richard Hermes/CBIZ MHM LLC is authorized to represent Kohl's Department
Stores Inc., and Kohl's, Inc. on appraisal applications; negotiating, appealing and
settling real estate assessments with appropriate government jurisdictions; change
mailing addresses where appropriate, and receiving communications from
appraisal or assessing authorities.
This appointment is effective January 1, 2019, and will remain in effect until
further notice.
Sincerely,
Erin Stache
Sr. Property Tax Manager
Kohl's Department Stores
Corporate Offices•N56 W17000 Ridgewood Drive. Menomonee Falls, WI 530514262)703-7000
July 26, 2019
Petitioner:
GREELEY RETAIL DST
C/O KOHL'S DEPARTMENT STORES
PO BOX 2148
MILWAUKEE, WI 53201-2148
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):
CBIZ MHM, LLC - ST LOUIS
625 MARYVILLE CENTRE DR
STE 200
SAINT LOUIS, MO 63141-5834
RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket 2019-2777, AS0103 Appeal 2008224510 Hearing 8/1/2019 1:30 PM
Account(s) Appealed:
R2587603
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of August 1, 2019, 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, 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
July 26, 2019
Agent:
CBIZ MHM, LLC - ST LOUIS
625 MARYVILLE CENTRE DR STE
200
SAINT LOUIS, MO 63141-5834
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
Petitioner:
GREELEY RETAIL DST
C/O KOHL'S DEPARTMENT
STORES
PO BOX 2148
MILWAUKEE, WI 53201-2148
RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket 2019-2777, AS0103 Appeal 2008224510 Hearing 8/1/2019 1:30 PM
Account(s) Appealed:
R2587603
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of August 1, 2019, 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, 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 Dones, Assessor
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