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HomeMy WebLinkAbout20193182.tiffAugust 6, 2019 Petitioner: WARD LIVING LLC PO BOX 265 LOVELAND, CO 80539-0265 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): FREESTONE REAL ESTATE ADVISORS LLC PO BOX 271490 FORT COLLINS, CO 80527-1490 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO CONFIRMATION OF WITHDRAWAL REQUEST Docket #: 2019-3182 Appeal #: 2008224829 Dear Petitioner: Based upon information furnished to the Weld County Board of Equalization, we understand that you have withdrawn the petition challenging the valuation of the below account number(s). Please be informed that a withdrawn petition precludes any further challenge to the valuation of the below account number(s) for this assessment period. Therefore, the Board of Equalization took no action on your petition and the assessed value remains as set by the Assessor. Actual Value as Account # Decision Determined by Assessor R7265698 Withdrawn $300,551 Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda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: FREESTONE REAL ESTATE ADVISORS LLC PO BOX 271490 FORT COLLINS, CO 80527-1490 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 Petitioner: WARD LIVING LLC PO BOX 265 LOVELAND, CO 80539-0265 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO CONFIRMATION OF WITHDRAWAL REQUEST Docket #: 2019-3182 Appeal #: 2008224829 Dear Petitioner: Based upon information furnished to the Weld County Board of Equalization, we understand that you have withdrawn the petition challenging the valuation of the below account number(s). Please be informed that a withdrawn petition precludes any further challenge to the valuation of the below account number(s) for this assessment period. Therefore, the Board of Equalization took no action on your petition and the assessed value remains as set by the Assessor. Actual Value as Account # Decision Determined by Assessor R7265698 Withdrawn $300,551 Very truly yours, BOARD OF EQUALIZATION az,Le Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor From: Colleen Kentfield To: CTB-County Board of Eaualization Subject: FW: Weld County Protest Date: Monday, July 29, 2019 2:38:35 PM Please see two withdrawals below: Colleen Kentfield Residential/Agricultural Appraiser Weld County Assessor's Office 1400 N 17th Ave. Greeley, CO 80631 970-400-3666 cken tfield (a7 weldgov. corn www. weldgov. corn 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. From: Kyler Knudsen <kylerwknudsen@gmail.com> Sent: Monday, July 29, 2019 2:34 PM To: Colleen Kentfield <ckentfield@weldgov.com> Subject: Re: Weld County Protest ICaution: 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. Please withdraw appeals on R7263793 (2220 Waylon) and R7265698 (2214 Nicholas Dr). Thank you. Kyler Knudsen One Way Property Management 970-691-1662 kylerwknudsen@gmail.cord aota-31gc) /4\So (03 On Jul 29, 2019, at 2:22 PM, Colleen Kentfield <ckentfieldPweldgov.com> wrote: Hi Kyler, If you would like to withdraw the appeals on R7263793 2220 Waylon Dr and R7265698 2214 Nicholas Dr please reply to this email and I will forward your intent to the board. I will send a stipulation on R7262198 2220 Podtburg Cir this afternoon. Please complete your address/phone information on the form and click sign. Thank you for working with me. Please let me know if you have any questions. Best Regards, Colleen Kentfield Residential/Agricultural Appraiser Weld County Assessor's Office 1400 N 17th Ave. Greeley, CO 80631 970-400-3666 ckentfield(a7weldgov.corn www.weldgov.corn <i mage001.j pg> 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. From: Kyler Knudsen <kylerwknudsen(gmail.com> Sent: Monday, July 29, 2019 2:02 PM To: Colleen Kentfield <ckentfieldPweldgov.com> Subject: Re: Weld County Protest ICaution: 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. Colleen, I'm good with the $293,000 for this one and will withdraw the remainder. I'm scheduled with CBOE tomorrow so please let me know if this works on your end as soon as you're able. Best, KK Kyler Knudsen One Way Property Management 970-691-1662 kylerwknudsen@gmail.com On Jul 23, 2019, at 10:24 AM, Colleen Kentfield <ckentfieldPweldgov.com> wrote: The lowest I can go on that one is $293,00. Colleen Kentfield Residential/Agricultural Appraiser Weld County Assessor's Office 1400 N 17th Ave. Greeley, CO 80631 970-400-3666 ckentfieldl )weldgov.corn www. weldgov.corn <i mage002.j pg> 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. From: Kyler Knudsen <kvlerwknudsenPgmail.com> Sent: Tuesday, July 23, 2019 10:22 AM To: Colleen Kentfield <ckentfieldPweldgov.com> Subject: Re: Weld County Protest ICaution: 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. Thank you Colleen, what's your new number for Potdburg? Hard to get around your analysis without photos of deferred maintenance. Kyler Knudsen One Way Property Management 970-691-1662 kvlerwknudsen@gmail.com On Jul 23, 2019, at 8:27 AM, Colleen Kentfield <ckentfieldPweldgov.com> wrote: Good Morning Kyler, I have attached the grids for the three accounts you protested, I used the comps you sent with the protest as well. The only one I am able to lower would be the home at 2220 Podtburg, I have one comp coming in at $293,000. Please let me know your thoughts. Best Regards, Colleen Kentfield Residential/Agricultural Appraiser Weld County Assessor's Office 1400 N 17th Ave. Greeley, CO 80631 970-400-3666 ckentfieldPweldgov.corn www.weldgov.com <image003.jpg> 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. <2220 waylon.pdf><2220 podtburg.pdf><2214 Nicholas.pdf> Brenda Dones, Weld County Assessor Valuation Report of Residential Improved Property For County Board of Equalization WARD LIVING LLC Petitioner vs. Weld County Assessor's Office Respondent Docket Number: Parcel Number: Schedule Number: Appeal Number: Date: Time: 2019-3182 10 5906301074 R7265698 2008224829 2019-07-30 1:00 PM Board: 1 Prep ared By Colleen Kentfield Assessor's Office Staff Appraiser Assessor's Indicated Value RESIDENTIAL $300,551 TOTAL: $300,551 Page 1 of 6 Subject Photo General r escription and Market Summary Su ject Site and Improvements The subject property is located at 2214 NICHOLAS DR in JOHNSTOWN. The legal description of the property is JOH PV L74 PODTBURG VILLAGE PUD. The subject is a Frame Hardboard house constructed in 1998. It has 1443 square feet of finished living area above grade. There are 3.00 bedrooms and 3.00 bathrooms. The Assessor has classified the structure as a 2 Story home of Average quality construction. Page 2 of 6 Market Approach Summary The subject property has been classified as Residential for assessment purposes. Residential property value shall be determined solely by consideration of the Market Approach to Value {39-1-103(5)(a), CRS}. As required by 39-1-104(10.2), CRS, the market value is determined by utilizing data from the period of one and one-half years immediately prior to June 3 0th, 2018. If sufficient comparable valuation data is not available within the eighteen -month time period, the assessor shall use market data from the five year period immediately prior to June 30th, 2018. When appropriate, all sales are to be time adjusted to the appraisal date of June 3 0th, 2018. Although the appraisal date is June 30, 2018, the physical characteristics are reflective of the property as of January 1, 2019. The comparable sales in this report were selected using county records and the Multiple Listing Services. The Weld County Assessor's Office has verified that the comparable sales are arms -length transactions based on review of the Real Property Transfer Declaration, telephone or personal confirmation interviews and physical inspections to confirm property characteristics at the time of sale. DEFINITION OF MARKET VALUE: The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self interest, and assuming that neither is under undue duress. {The Appraisal Institute} The market value of the property as of June 30th, 2018 is: Assessor's Indicated Value RESIDENTIAL $300,551 TOTAL: $300,551 Page 3 of 6 Time Adjusted Sales Prices By law, sales prices are time adjusted to the appraisal date of June 30, 2018. An adjustment for time is made if during the sales collection period of January 2017 to June 30, 2018 the sale prices of properties have appreciated or depreciated due to inflation or deflation. We refer to the adjustment as a 'time' adjustment. If market conditions have not changed, no adjustment is required even though considerable time may have elapsed. <C.RSS. 39-1-104...said level of value shall be adjusted to► the final day of the data -gathering period.} sales and resales of the same or similar properties are a good indication of the changes in market conditions over time. In addition, we run simple linear regression where we graph the sales and the month the sale occurred to indicate the trend of the market. This trend is tracked as a monthly rate of change. Since we consider one of the most important aspects of market value to be location, we determine our time trends by location, also known as economic area or neighborhood, and by the use of the property (vacant land, residential, commercial). This neighborhood had 148 sales and indicates a time adjustment of .422% per month. NBHD: 71 TIMEINTV Page 4 of 6 Comparable 1 Comparable 2 Comparable 3 Page 5 of 6 Page 6of6 comPARABLE 3 2225 PODTE URG OR , J OH NSTOWN COMPARABLE 1 2303 AFL/SSE c�T , JO.I N$TCW'W Hula Pk SUBJECT 2214 NICHOLAS DR, JOHNSTOWiN COMPARABLE 2 ��- 1817 CHESAPEAKE III , JOHNSTOWN WELD COUNTY ASSESSOR'S Sales Comparables Market Adjustment Grid Subject Sale Date 10/23/1998 Sale Price $142,700 TmAdj Sale Price $142,700 Parcel Number 105906301074 Account Number 87265698 Street Address 2214 NICHOLAS DR TOTALIMPSF TOTA'LLANDSF NBHDANDEXT OCCUPANCY Built -As Description Quality Condition Year Built Adjusted Year Built Residential SF Baths Basement So Feet Basement Finish Basement Walkout Garage - Attached Garage - Detached Land OutBuilding Bonus Room Ag Land EKCLU DECOR E1 - Tot SF 1443.000000 5400.000000 0071 - 02 Single Family Resid 2 Story Average Typical 1998.000000 1998.000000 1443.000000 3.000000 962.000000 0.000000 0.000000 400.000000 0.000000 58000.000000 0.000000 0.000000 0.000000 0.000000 Final Market Value Final Market Value / SF $300,551.00 $208.28 Comp # 1 05/17/2017 285000.00 309310.50 105906301090 87267298 2303 ALYSSE CT 1462.000000 5410.000000 0071 - 02 Single Family Residentie 2 Story Average Typical 1998.000000 1998.000000 1462.000000 3.000000 891.000000 0.000000 0.000000 462.000000 0.000000 58000.000000 0.000000 0.000000 0.000000 $0 $0 $0 $0 $0 $0 $0 $0 $0 ($1,330) $0 $1,562 $0 $0 ($3,534) $0 $0 $0 $0 $0 $0 $ Adjustment Gross % Adjustment Net % Adjustment Adjusted Sales Price Adjusted Sales Price 1 SF ($3,302.00) 2.0775% -1.0675% $306,008.50 $212.06 Comp # 2 02115/2018 330000.00 338415.00 105906406165 P8535900 1817 CHESAPEAKE CIR 1464.000000 7164.000000 0071 - 00 Single Family Residentie 2 Story Average Typical 2001.000000 2001.000000 1464.000000 3.000000 870.000000 0.000000 0.000000 606.000000 0.000000 60000.000000 0.000000 0.000000 0.000000 $0 $0 $0 $0 $0 $0 $0 ($1,500) $0 ($1,470) $0 $2,024 $0 $0 ($11,742) $0 ($2,000) $0 $0 $0 $0 $ Adjustment Gross % Adjustment Net % Adjustment Adjusted Sales Price Adjusted Sales Price I SF ($14,688.00) 5.5364% -4.3402% $323,727.00 $224.34 Comp # 3 04/06/2018 335000.00 339254.50 105906301031 R7261398 2225 PODTBURG CR 1312.000000 5400.000000 0071 -02 Single Family Residentie 2 Story Average Typical 1998.000000 1998.000000 1312.000000 4.000000 892.000000 892.000000 0.000000 629.000000 0.000000 58000.000000 0.000000 0.000000 0.000000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $9,170 ($6,000) $1,540 ($16,948) $0 ($13,053) $0 $0 $0 $0 $0 $0 $ Adjustment Gross % Adjustment Net % Adjustment Adjusted Sales Price Adjusted Sales Price I SF ($25,291.00) 13.7687% -7.4549% $313,963.50 $217.58 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: Kyler Knudsen Contact Email: kylerwknudsen@gmail.com Contact Phone: 970-691-1662 Appeal Submitted: 09:57 PM July 15, 2019 Appeal submitted for: R7265698 - WARD LIVING LLC 2214 NICHOLAS DR, JOHNSTOWN Legal: JOH PV L74 PODTBURG VILLAGE PUD Reason: Value Too High - Property is a rental and is in fair condition requiring paint, flooring and general maintenance. This property is thought to be in inferior condition compared to the attached/analyzed comparables. Estimate of Value: $265,000.00 Document(s) Submitted: Account: All Accounts - Consultant Contract 2019 P -Tax DW-2 Sig.pdf Account: All Accounts - 105906301074 - 2214 Nicholas Comps.pdf Account: R7265698 - R7265698_INITIAL PROTEST.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, July 29, 2019, from 3:00 p.m. to 4:30 p.m. Tuesday, July 30, 2019, from 1:30 p.m. to 4:30 p.m. Thursday, July 25, 2019, from 1:30 p.m. to 4:30 p.m. Thursday, July 25, 2019, from 9:00 a.m. to 12:00 p.m. Friday, July 26, 2019, from 9:00 a.m. to 12:00 p.m. Friday, July 26, 2019, from 1:30 p.m. to 4:30 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 2019-3182 ASO 1O3 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: Kyler Knudsen Contact Email: kylerwknudsen@gmail.com Contact Phone: 970-691-1662 Appeal Submitted: 10:55 AM May 31, 2019 Appeal submitted for: R7265698 - WARD LIVING LLC 2214 NICHOLAS DR, JOHNSTOWN Legal: JOH PV L74 PODTBURG VILLAGE PUD Reason: Value Too High - Property is a rental and is in fair condition requiring paint, flooring and general maintenance. This property is thought to be in inferior condition compared to the attached/analyzed comparables. Estimate of Value: $265,000.00 Document(s) Submitted: Account: All Accounts - PROPERTY TAX CONSULTANT CONTRACT 2019 DW-2.pdf Account: All Accounts - 105906301074 - 2214 Nicholas Comps.pdf 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 CONSULTANT CONTRACT CONSULTANT: FREESTONE REAL ESTATE ADVJSORS LLC CLIENT / ADDRESS: Diane Ward N. Lincoln Ave Loveland, CO 130538 PROPERTY ADDRESS: Multiple properties — See attached COUNTY: X LARTMER/ X WELD / O PARCEL NUMBER(S): See attached spreadsheets ("Property") This Consultant Contract (hereinafter the "Contract") is made and entered into by the above -stated Consultant and Client. Consultant and Client are referred to collectively herein as the "Parties." This Agreement is made with reference to the following Background: BACKGROUND A, Consultant offers services to the owners of property who wish to validate and/or contest the value of their Property as determined by the Assessor of the County wherein said Property is situated. B. Client is the owner of the Property described above, C. Client has received (a) Notice(s) of Valuation for the Property from the Assessor of the above indicated County in the State of Colorado. D. Client wishes to enter into this Contract to retain the services of Consultant to ascertain the validity of the value(s) of the Property as determined by the Assessor, and to pursue a contest of said value(s) should Consultant decide that a contest is appropriate. AGREEMENT AND SCOPE OF WORK; I . Background Statements. The above Background statements are incorporated fully into this Contract by this reference. 2. Acceptance. Upon acceptance by Client, as evidenced by the signature below, this Contract shall bind Client to pay the stated fee upon delivery of said services. 3. Work to be Performed by Consultant. Consultant shall review appropriate valuation techniques for the subject Property and compare that analysis to Actual Values assigned to the Property for the 2019 Notice of Valuation. Based on that analysis, Consultant shall either I) notify Client that it judges the assigned value to be reasonable within current market conditions, or 2) file a protest of the assigned valuation with the appropriate County Assessor on behalf of Client. Consultant shall pursue the protest/appeal through the appropriate levels until a reasonable valuation level has been achieved, as determined by Consultant in its sole discretion. "Reasonable valuation level" shall be the judgment of the Consultant based on current market conditions and Consultant's analysis. 4. Power of Attorney. In conjunction with this Contract, Client shall grant to Consultant a Limited Power of Attorney wherein Client shall authorize Consultant 1) to act on Client's behalf in filing the appropriate protests/appeals and 2) to agree to a resolution on behalf of Client to those protests/appeals. 5. Information to Be Provided by Client to Consultant, Client shall provide the following information to Consultant before Consultant commences its work for Client: a. Timely Notice(s) of Valuation for the Property; b. Access to the Property as necessary and appropriate to enable Consultant to make a determination of the value of the Property. 6. Abatement of Previous Taxes. In addition to the work described in paragraph 3 above, Consultant may, as it determines appropriate after conferring with Client and as permitted by law, pursue the potential for abatement of previous taxes on the subject Property paid by Client. 7. FEE: a. $0.04 retainer (non-refundable). Concurrent with the signing of this Contract, Client shall pay to Consultant a non-refundable retainer in the amount of $0.00, Consultant shall retain this portion of the fee regardless of the result of its analysis as to the appropriateness of the assessed value of the Property. Client expressly understands that there is no guarantee that Consultant's analysis will result in a determination that a contest of the assessed value of the Property is warranted, nor that any such contest will be successful. b. Contingency. Other than the non-refundable retainer, this agreement i. totally contingency -based, If Consultant's analysis reveals that the assigned valuation from the Assessor is reasonable, then no additional fees will be charged by Consultant or incurred by Client. In such event, Client will receive a written report establishing and evidencing Consultant's conclusion. Alternatively, if Consultant's analysis reveals that the assigned valuation of the Property is not reasonable and Consultant successfully appeals said valuation resulting in a reduction of the valuation from the origina] Notice of Valuation. then the fee (described below) shall be based on the tax savings that will accrue due to said reduction. The fee will be based on the tax savings as measured by the difference between the taxes that would be owed based on the original valuation and the taxes that would be owed based on the revised valuation. The fee will be based on current assessment rations (29% commercial; 7.96% residential) and the latest mill levy in effect at the time of billing. The fee will be offset by a credit for the retainer_ The retainer is considered to be a minimum fee for the services of Consultant. c. Term of Contract. THIS IS A 1 -TAX -YEAR CONTRACT (2019). However, this contract shall remain in force should the abatement approval process by The County extend beyond 2019 into 2020. d. First Year. In the first year. Client shall pay to Consultant a fee equal to forty percent (40%) of the tax savings for that year (2019 taxes, due in 2020 and 2020 taxes, due in 2021). Consultant shall provide to Client written evidence of the revised valuation, along with an invoice indicating the amount due to Consultant, payment instructions, and the date by which such amount shall be paid. Client shall pay the indicated amount due by the date indicated. Client should anticipate that this portion of the fee will likely be due between August 1 and November 28, 2019. NOTE: If the property is sold in 2019, the fee shall be applied to the pro -rated amount of 2019 taxes accrued. e. Fees for Abatement of Taxes From Previous Years. Abatements are refunds of previously paid taxes_ if tax abatement is pursued by Consultant and is successful, then Client shall pay to Consultant a fee equal to 40% of the total refund (inclusive of any interest applied). The fee shall be due and payable upon actual receipt of the tax refund. 8. Billin2 Example: CURRENT YEAR TAXES Actual Value: Assessed Value (29%) Mill Levy Estimated Taxes Tax Savings, l ` Year: Tax Savings, 2nd Year: 2 Year Savings Fee at 40% Client Net Savings, 2 Years: ABATEMENT Taxes Abated Tax Savings (2 years): Abatement Fee at 40% Client Net Refund: Original Notice of Valuation $1,000,000 $ 290,000 x . 08957 $25,975 $25,975 - $22,079 = $3,896 $25,975 - $22,079 = $3,896 = TOTAL of $7.792 $7,792 x 40% = $3,116.80 $7,792 - $3,l 16.80 = $4,675.20 Revised Valuation $850,000 $246,500 x . 08957 $22,079 Prior Year Taxes Post -Abatement Taxes $25,975 $22,079 $25,975 - $22,079 - $3,896 x 2 = $7,792 $7,792 x 40% = $3,116.80 $7,792 - $3.116,80 = $4,675.20 9_ Notices and Invoices. a. To Client: Any notice or invoice to Client provided for in this Contract shall be in writing and shall he given and be effective upon (a) delivery to Client or (b) by mailing such notice by first class U.S. mail. addressed to Client at Client's address stated on the first page of this Contract, or to such other address as Client may designate by notice to Consultant. Client shall notify Consultant within thirty (30) days of any change of address. b. To Consultant: Any notice to Consultant shall be in writing and shall be given and he effective upon (a) delivery to Consultant or (b) by mailing such notice by first class U.S. mail, to Consultant at the address stated in the first paragraph of this Note, or to such other address as Consultant may designate by notice to Client. Consultant shall notify Client within thirty (30) days of any change of address. 10. Change in Ownership of the Property. In the event that Client sells, transfers or otherwise fails to maintain ownership of the Property or any portion thereof during the Term of this Contract, Client shall remain personally obligated to pay to Consultant any and all contingent fees which would have become due and payable to Consultant under the provisions of paragraph 7 above. Client shall provide to Consultant notice of any such sale or transfer of ownership within thirty (30) days after the effective date of such change. Upon receipt of such notice from Client, Consultant shall prepare an invoice indicating the full remaining amount due related to the Property or the affected portion thereof, payment instructions, and the date by which such amount shall be paid 11. Default by Client. If any payment required by this Contract is not paid when due, or if Client fails to abide by any other obligation pursuant to this Contract, the amounts owed by Client to Consultant under the terms of this Contract shall become due immediately, and such indebtedness shall bear interest at the rate of eighteen percent (18%) per annum from the date of default. Consultant shalI be entitled to collect all reasonable costs and expenses of collection and/or suit, including, but not limited to, reasonable attorneys' fees. 12. Forbearance by Consultant Not a Waiver. Any forbearance by Consultant in exercising any right or remedy hereunder, or otherwise afforded by law, shall not he a waiver or preclude the exercise of any such right or remedy. 13. Remedies Cumulative. Each remedy provided in this Contract is distinct from and cumulative to all other rights or remedies under this Contract or afforded by law or equity, and may be exercised concurrently, independently or successively. 14. Captions. The captions and headings of the paragraphs in this Contract are for convenience only and are not to be used to interpret or define the provisions hereof. 15. Governing Law; Scverahility. This Contract shall be governed by the laws of the State of Colorado. In the event that any provision or clause of this Contract conflicts with the law. such conflict shall not affect other provisions of this Contract which can be given effect without the conflicting provision, and to this end the provisions of the Contract are declared to be severable. 16. Counterparts. This Agreement may be executed in any number of counterparts, including facsimiles, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same Agreement. 17. Modifications. This Agreement and any of the provisions contained herein may not be modified. amended, waived, discharged or terminated other than by means of a written instrument signed by all Parties. 18. Entire Agreement. This Contract represents the entire agreement between the Parties as to all matters specified herein, without limitation. No changes to this Contract shall be effective unless agreed to in a written instrument signed by both Parties. This Agreement shall be effective as of the date last signed below by the Parties. CONSULTANT: FREESTONE REAL ESTATE ADVISORS LLC Date: May 17, 2019 By: CLIENT: Company: Ward Companies BY _Diane Ward Please print name BY Signature 2018 Taxes payable h 2019 Schedule rt Ward East, Ltd LL 2017 Pen el # Property Value 2018 new 2019 property value valuations 1604596 - 4495 Woods Ave 1637563 - 4498 Ward Ave 1604594 - 4329 Woods Ave 1324586 - 6825 E. 45th 1604597 - 6775 E. 45th 1604595 - 441.1 Woods Ave 1637562 - 4523 Ward Ave 1637564 - 4436 Ward Ave 1637565 - 4324 Ward Ave 1641849 - 6850 Woods Ave 1657280 - 4335 Ward Ave 1657566 - 4370 Woods Ave 1657667. 4320 Woods 1667281 -unknown 1667282 - unknown 8635314003 8635405001 8635314001 8635005002 9635315001 8635314002 9835305001 8635405002 8635405003 miff levy 71.37 525, 900.00 2,100,000.90 391,200.00 210,000.00 1,510,000.00 975,000.00 S mill levy 82.79 525,000, 00 696,000.00 391, 200.00 210,000.00 1,510,000.00 975,000.00 S 5 S 5 179,800.44 S $ 1,230,000.00 5 5 419, 600.40 5 8635306001 $ 86353-19-001 $ $ 630,000.00 $ 2,400,000.00 $ 487,170.00 $ 210,000.00 $ 1,650,000.00 $ 1,300,000.00 179,800.00 $ 223,870.00 1,230,000.00 5 1,400,000.00 419,600.00 $ 522,530.00 510,000.00 S 510,000.00 $ 610,000.00 422,300.00 5 379,000.00 $ 472,000.00 8635310003 $ 1,000,000.00 8635310004 $ 356,200.00 new 8635319002 new 8635319002 $ 1,000,000 00 $ 1,200,000.00 358,200.00 S 446,070.00 $ 334,200.00 $ 1,429,900.00 $ 181,000 00 S 225,280.00 Ward Living Address. Schedule P Parcel 1 1131 SE 2ND ST 415219 9524107003 1119 SE 2ND ST 415197 95241O7002 1107 SE 2ND ST 415189 9524107001 1105 SE 2ND ST 415235 9524108001 1143 SE 2ND ST 415227 9524107004 4057 DOGWOOD CT 348392 9502221044 410E 22ND PL 759171 9512224012 913E 7TH 389072 9513471002 624 E 11TH 384097 9513233001 902 HAYESAVE 392863 9513441001 928E 8TH 392880 9513441003 923 E 8TH ST 392901 9513442002 11105E 2ND ST 415243 9524108002 1130 SE 2ND ST 415251 9524108003 927E 8TH 392910 9513442003 2000 VISTA 1229443 9563433015 726E 5TH 390194 951341500) 11425E 2ND 785849 9524112001 407 CLUBHOUSE 1585971 9517324031 405 CLUBHOUSE 1585972 9517324032 Ward Spaces Address: Schedule i# Parcel It 1040 N Madison Ave 0119024 8518214001 1072 N Madison Ave 0119032 8518214002 1410 E 11th St 0119459 8518214003 901iosephine Ct 0119667 8518214004 900 Josephine Ct 0119675 8518214005 1510 E 11th St 0119083 8518214006 Park Addition 0119091 8518214007 Park Addition 0019105 8518214008 1551E 11th St 0119156 8518215005 1110 N BakseAve 0119164 8518216001 1052 N Boise Ave 0119172 8518216002 1014 N Madison Ave 0430145 8518205001 Unknown 0430528 8519000010 1012 N Madison Ave 0826561 8518205001 Unknown 0430510 8519000009 Ward West Address; Schedule # Parcel # 255E6TH ST 0444766 9513318001 211E7TH 0444596 9513310011 730 N CLEVELAND 0444570 9513310008 735 N LINCOLN AVE 0386499 9513310002 3SDE7TH ST 0444731 9513317002 211 E 7TH ST 04446O0 9513310012 220E8TH 5T 0386529 9513310004 735 N LINCOLN AVE 0386502 9513310003 Total; 745 N Lincoln Ave THRU 0386472 9513310001 380 AUDREY 1595173 9522184380 382 AUDREY 1595174 9522184382 384 AUDREY 1595175 9522184384 385 AUDREY 1595176 9522184386 T.ukal; 2114 IV Lincoln Ave 0759163 9512224011 4691 FOOTHILLS 1602553 9511440024 4683 FOOTHILLS 1602552 9517440023 1 1 Per Page - Listing Report 5/30/19, 3:45 PM Elementary: Middle/Jr.: High School: School District: Milliken Milliken Roosevelt Weld Re -5j Lot SqFt: 5,400 Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No 1st HOA: The Landings At Podtburg Villa 970- 660-9040 Fee: $500/A Xfer: Yes Rsrv: No Coy: Yes Approx. Acres: 0.12 Water: Town of Johnstown Taxes: $1,335/2015 Zoning: Res Water Meter Inst: Yes Well Permit #: Bedrooms: 3 Baths: 2 Rough Ins: 1 Baths Bsmt Lwr Main Upr Addl Total Full 0 0 1 0 0 1 3/4 0 0 1 0 0 1 1/2 0 0 0 0 0 0 All Bedrooms Conform: Yes Rooms Level Length Master Bd M 14 Bedroom 2 M 10 Bedroom 3 M 10 Bedroom 4 - - Bedroom 5 - Bedroom 6 - Dining room M Family room - - Great room - - Kitchen M 12 Laundry B 9 Living room M 19 Rec room Study/Office Width 14 12 11 Floor Carpet Carpet Carpet 12 10 Carpet 10 12 14 Vinyl Other Carpet Locale: Johnstown Area/SubArea: 10/30 Subdivision: Podtburg Village PUD Legal: JOH PV L68 PODTBURG VILLAGE PUD IRES MLS # : 809139 PRICE: $265,000 2228 Nicholas Dr, Johnstown 80534 RESIDENTIAL -DETACHED SOLD County: Weld Total SqFt All Lvls: 2580 Basement SqFt: 1280 Total Finished SqFt: 1300 Lower Level SqFt: Finished SqFt w/o Bsmt: 1300 Main Level SqFt: 1300 Upper Level SqFt: Addl Upper Lvl: # Garage Spaces: 2 Garage Type: Attached Garage SqFt: Built: 1998 New Const: No Builder: New Const Notes: 400 SqFt Source: Model: Listing Comments: Great location in Johnstown's Podtburg Village! This wonderful 3 bedroom 2 bath, ranch style home offers Forced air heat, A/C, attached 2 car oversize garage, fenced backyard with sprinkler system, gas fireplace, full unfinished basement. New interior paint throughout, brand new carpet throughout. Master bedroom with master bath and walk- in closet. Easy access to 1-25, centrally located close to Loveland, Greeley, Fort Collins or Longmont. Don't miss this one! Sold Date: 02/28/2017 Terms: CONY FIX Down Pmt Assist: N Concession Type: None SA: Sarah Hansard 303-517-3837 SO: RE/MAX Nexus 970-295-4760 Sold Price: $265,000 DOM: 50 DTO: 15 DTS: 50 Property Features Style: 1 Story/Ranch Construction: Wood/Frame Roof: Composition Roof Basement/Foundation: Full Basement Heating: Forced Air Cooling: Central Air Conditioning Inclusions: Electric Range/Oven, Dishwasher, Refrigerator Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership: Private Owner Occupied By: Vacant not for Rent Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA LA: Jessica Joles Phone: 970-631-2997 Email: jessica@hmre.net Fax: 970-663-6094 LO: Henderson Management & Real Es Broker Phone: 970-612-2524 TB: 3.00 BA: 3.00 Buyer Excl: No Contract: T For Showings: CSS: (970)663-7469 Min EM: EM Recip: First American Title-Tammie Knobloch Lim Service: N Prepared By: Kyler Knudsen - May 30, 2019 3:44:44 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. https://www.iresis.com/MLS/awa/reports/listing?reportName=One_per_Page Page 1 of 2 1 Per Page - Listing Report 5/30/19, 3:45 PM Elementary: Middle/Jr.: High School: School District: Johnstown Johnstown Johnstown Weld Re -5j Lot SqFt: 5,410 Elec: Gas: PIN: Waterfront: No Water Rights: No 1st HOA: The Landings 970-660-9040 Fee: $500/A Xfer: Yes Rsrv: Yes Coy: Yes Approx. Acres: 0.12 Water: Town of Johnstown Taxes: $1,334/2016 Zoning: SFR Water Meter Inst: Yes Well Permit #: Bedrooms: 3 Baths: 3 Baths Bsmt Lwr Main Full 0 0 0 3/4 0 0 0 1/2 0 0 1 Rough Ins: 1 Upr Addl Total 2 0 2 0 0 0 0 0 1 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level Length Width Floor U 16 16 Carpet U 9 12 Carpet U 10 12 Carpet M 9 15 M 14 13 M 14 12 M 10 4 M 20 16 Vinyl Carpet Vinyl Vinyl Carpet RESIDENTIAL -DETACHED Locale: Johnstown Area/SubArea: 10/30 Subdivision: Podtburg Village PUD Legal: JOH PV L90 PODTBURG VILLAGE PUD IRES MLS #: 816291 PRICE: $299,900 2303 Alysse Ct, Johnstown 80534 SOLD County: Weld Total SqFt All Lvls: 2353 Basement SqFt: 891 Total Finished SqFt: 1462 Lower Level SqFt: Finished SqFt w/o Bsmt: 1462 Main Level SqFt: 975 Upper Level SqFt: # Garage Spaces: Garage SqFt: Built: 1998 New Const: No Builder: New Const Notes: 487 Addl Upper Lvl: 2 Garage Type: Attached 462 SqFt Source: Assessor records Model: CoListing Agent: Brenda Odenbaugh 970-381-1169 CoListing Office:K & O Realty 970-388-2926 Listing Comments: Hurry, this won't last long. 3 bed, 3 bath 2 -story home in established neighborhood in Johnstown. Corner lot. Open floor plan. Living room and dining room have bay windows. Enjoy the gas fireplace in the Family Room. Unfinished basement gives buyer opportunity to choose how they want that space finished. All appliances in home included. Enjoy great mountain views from the covered front porch. Buyer to verify measurements. Broker Remarks: Buyer to ask town of Johnstown about possibility of taking out the greenbelt behind home and giving the homeowners that portion behind their homes. Seller disclosed he has heard this, buyer to verify. this home is sold AS IS Sold Date: 05/17/2017 Terms: CONY FIX Down Pmt Assist: N Concession Type: None SA: Tara Moreno 970-443-5034 SO: RE/MAX Eagle Rock 970-593-0999 Property Features Style: 2 Story Construction: Wood/Frame, Brick/Brick Veneer, Composition Siding Roof: Composition Roof Type: Legal, Conforming Outdoor Features: Lawn Sprinkler System Location Description: Corner Lot, Level Lot, House/Lot Faces S, Within City Limits Lot Improvements: Street Paved, Curbs, Gutters Road Access: City Street Road Surface At Property Line: Blacktop Road Basement/Foundation: Partial Basement, Unfinished Basement Heating: Forced Air Cooling: Central Air Conditioning, Ceiling Fan Inclusions: Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Garage Door Opener, Smoke Alarm(s) Energy Features: Southern Exposure, Double Pane Windows Design Features: Separate Dining Room, Open Floor Plan, Bay or Bow Window, Stain/Natural Trim, Walk-in Closet, Fire Alarm, Washer/Dryer Hookups Master Bedroom/Bath: Full Master Bath Fireplaces: Gas Fireplace, Family/Recreation Room Fireplace Disabled Accessibility: Level Lot Utilities: Natural Gas, Electric, Cable TV Available, Satellite Avail, High Speed Avail Water/Sewer: City Water, City Sewer Ownership: Private Owner Occupied By: Vacant not for Rent Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA, USDA Sold Price: $285,000 DOM: 41 DTO: 3 DTS: 41 LA: Jill Kline Phone: 970-388-2926 Email: jill@kandorealty.com Fax: 970-797-6459 LO: K & O Realty Broker Phone: 970-388-2926 TB: 2.80 BA: 2.80 Buyer Excl: No Contract: RV For Showings: CSS: (303)573-7469 Min EM: $3,000 EM Recip: Land Title Lim Service: N Prepared By: Kyler Knudsen - May 30, 2019 3:44:44 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. https://www.iresis.com/MLS/awa/reports/listing?reportName=One_per_Page Page 2 of 2 July 25, 2019 Petitioner WARD LIVING LLC PO BOX 265 LOVELAND, CO 80539-0265 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE www weldgov corn 1150 O STREET P O BOX 758 GREELEY CO 80632 Agent (if applicable) FREESTONE REAL ESTATE ADVISORS LLC PO BOX 271490 FORT COLLINS, CO 80527- 1490 RE THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2019-3182, AS0103 Appeal 2008224829 Hearing 7/30/20191 00 PM Account(s) Appealed R7265698 Dear Petitioner(s) The Weld County Board of Equalization has set a date of July 30, 2019, at or about the hour of 1 00 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 corn 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 July 25, 2019 Agent FREESTONE REAL ESTATE ADVISORS LLC PO BOX 271490 FORT COLLINS, CO 80527-1490 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE www weldgov corn 1150 O STREET P O BOX 758 GREELEY CO 80632 Petitioner WARD LIVING LLC PO BOX 265 LOVELAND, CO 80539-0265 RE THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2019-3182, AS0103 Appeal 2008224829 Hearing 7/30/20191 00 PM Account(s) Appealed R7265698 Dear Petitioner(s) The Weld County Board of Equalization has set a date of July 30, 2019, at or about the hour of 1 00 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 heanng 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 corn 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 LCD zz ¢ ,„t Esther E Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc Brenda Dones, Assessor Hello