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Home My WebLink About20193007.tiffAugust 6, 2019 Petitioner: NEW WEST INVESTMENTS INC 5005 GALLERIA APT 3142 FARMERS BRANCH, TX 75244-5337 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): 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3007 Appeal 2008224884 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 R2966486 Stipulated - Approved Stipulated Value $649,800 $604,200 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 ed' 6LeIG'i. 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: 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 Petitioner: 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 NEW WEST INVESTMENTS INC 5005 GALLERIA APT 3142 FARMERS BRANCH, TX 75244-5337 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3007 Appeal 2008224884 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 R2966486 Stipulated - Approved Stipulated Value $649,800 $604,200 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 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 COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R2966486 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: New West Investments Inc 5005 Galleria Apt 3142 Farmers Branch, TX 75244 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: I. The property subject to this Stipulation is described as: GR 2427 L17 THRU 24 BLK3 PACKARDS 1909-1915 9th St, Greeley 2. The subject property is classified as commercial property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2019 : Total $741,000 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year2019 actual value for the subject property: Total $604,200 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. A hearing has not yet been scheduled before the Board of Equalization. 1 gxi 300 A5o to3 DATED this 31 day of July , 2019 DAN GEORGE Petitioners) or Agent or Attorney Address: Dan George, 1st Net Real Estate Services, Inc 3333 S. Wadsworth Blvd. Suite D-105 Lakewood CO 80227 Telephone: 720-962-5750 Docket Number R2966486 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 Rninicitt_Thtm County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 R2966486 / New West Investments Inc Final Audit Report 2019-07-31 Created: 2019-07-31 By: Wade Melies (wmelies@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAALKema4KMjINfEwxKYgL8bSoVVovVRn3G "R2966486 / New West Investments Inc" History Document created by Wade Melies (wmelies@co.weld.co.us) 2019-07-31 - 4:51:05 PM GMT- IP address: 204.133.39.9 Document emailed to Wade Melies (wmelies@co.weld.co.us) for approval 2019-07-31 - 4:51:07 PM GMT 656 Document approved by Wade Melies (wmelies@co.weld.co.us) Approval Date: 2019-07-31 - 4:51:17 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Susan Gundry (sgundry@co.weld.co.us) for approval 2019-07-31 - 4:51:19 PM GMT In Email viewed by Susan Gundry (sgundry@co.weld.co.us) 2019-07-31 - 4:51:33 PM GMT- IP address: 204.133.39.9 o Document approved by Susan Gundry (sgundry@co.weld.co.us) Approval Date: 2019-07-31 - 4:54:45 PM GMT - Time Source: server- IP address: 204.133.39.9 14 Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-31 - 4:54:46 PM GMT In Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-31 - 4:56:49 PM GMT- IP address: 204.133.39.9 © Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-31 - 4:58:45 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to DAN GEORGE (dgeorge@1stnetre.com) for signature 2019-07-31 - 4:58:47 PM GMT fi Email viewed by DAN GEORGE (dgeorge@1stnetre.com) 2019-07-31 - 6:03:23 PM GMT- IP address: 173.14.13.241 VELD Adobe Sign C-0 Document e -signed by DAN GEORGE (dgeorge@lstnetre.com) Signature Date: 2019-07-31 - 6:11:10 PM GMT - Time Source: server- IP address: 173.14.13.241 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-31 - 6:11:12 PM GMT 'i Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-31 - 6:13:40 PM GMT- IP address: 204.133.39.9 o Document e -signed by Karin McDougal (weld-cooe@weldgov.com) Signature Date: 2019-07-31 - 8:05:34 PM GMT - Time Source: server- P address: 204.133.39.9 Q Signed document emailed to DAN GEORGE (dgeorge@lstnetre.com), Wade Melies (wmelies@co.weld.co.us), Susan Gundry (sgundry@co.weld.co.us), canaya@weldgov.com, and 2 more 2019-07-31 - 8:05:34 PM GMT 411" Adobe Sign NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 JUL 1 5 2019 WELD COUNTY COMMISSioNFPF Date of Notice: 6/25/2019 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM - 5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R2966486 2019 0600 GR 2427 1909 9TH L17 ST THRU GREELEY 24 BLK3 PACKARDS NEW 5005 FARMERS WEST GALLERIA BRANCH, INVESTMENTS APT 3142 INC TX 75244-5337 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE REVIEW PRIOR TO ACTUAL VALUE REVIEW AFTER COMMERCIAL 741,000 649,800 TOTAL 741,000 649,800 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: CM03 - After review of your property, we have made adjustments. This was done because of additional information obtained, or provided through the appeal process. 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): 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 15-DPT-AR PR 207-08/13 R2966486 2019-3007 "SO to3 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 25th through August 5th at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail, file online, or deliver a copy of both sides of this form to: Weld County Board of Equalization 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 cr 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.qov/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.) ncr What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, appraisal, etc.) 141)- z_i_e___-az-e_Le,PelirtA ATTESTATION I, the u ersigned owner or agent' of the property identified above, affirm that the statements contained herein and . - y attach , -nts hereto are true and complete. Signature 14 c St E ail Address 72 'f�. <' S /52) Telephone Number 1 Attach letter of authorization signed by property owner. Date 15-DPT-AR PR 207-08/13 R2966486 3. 1215 8th Ave Greeley, CO 80631 Sale on 8/3/2017 - Public Record 11,526 SF Retail Storefront Building Built in 1956 SOLD Recorded Buyer: Richmark Real Estate Ptrs LIc Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: 08/03/2017 Percent Leased: 100.0% Tenancy: Single • p 13th St a • c 10th St an r C Buyer & Seller Contact Info Recorded Seller: Salvation 8th Ave Lic No. of Tenants: 1 Tenants at time of sale: Salvation Army Family Store Parcel No: 096108210013 Document No: 4324037 Sale History: Transaction Details Sale Type: Bldg Type: Year Built/Age: GLA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: Sold on 8/3/2017 Sold for $506,773 ($43.97/SF) on 7/15/2015 Income Expense Data Expenses - Taxes - Operating Expenses Total Expenses Map data O2419 G oogle I D : 3980336 Retail - Storefront Built in 1956 Age: 61 11,526 SF 0.54 AC (23,501 SF) 82.3% $134,670 in 2016 $110,820 $23,850 $1.00 $13,375 $13,375 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 5/23/2019 Page 5 SOLD 1215 8th Ave 11,526 SF Retail Storefront Building Built in 1956 (con't) Current Retail Information ID: 1486234 Property Type: Center: Bldg Status: Owner Type: Zoning: Owner Occupied: Retail - Storefront Built in 1956 Individual C -H No Rent/SF/Yr: Withheld CAM: - Street Frontage: Expenses: Parking: Features: 81 feet on 8th Ave (with 0 curb cut) 2018 Tax @ $1.15/sf 15 Surface Spaces are available Bus Line GLA: Total Avail: Leased: Bldg Vacant: Land Area: Lot Dimensions: Building FAR: No_ of Stores: Location Information 11,526 SF 11,526 SF 100.0% 11,526 SF 23,501 SF 0.49 Metro Market: Submarket: County: CBSA: CSA: DMA: Denver Greeley Ret/Greeley Ret Weld Greeley, CO Denver -Aurora, CO Denver, CO -WY -NE L Copyrighted report licensed to 1st Net Real Estate Services - 89536. 5/23/2019 Page 6 Multi -Property Multi -Property sale on 6/1/2017 of 2 Retail properties, for $400,000 ($41.25/SF) - Public Record SOLD 1029 8th Ave 1021 8th Ave Address Lincglst8th St S _O s to 13th St 9th St Co a. c 1Oth St d I 12th St et a Map d-'43 ®2019 G oc-. - Summary of Property Info - at time of sale City, State Type -Class Property SF Built Sale Price 1029 8th Ave 1021 8th Ave Greeley, CO Greeley, CO Retail Retail 5,580 SF 1976 4,118 SF 1908 Buyer & Seller Contact Info Recorded Buyer: Jayna Donoho 530 11th St Greeley, CO 80631 (970) 352-7082 Buyer Type: Individual Recorded Seller: Smith Ron L & Debra A Transaction Details I D : 3930477 Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Pro Forma Cap Rate: Transfer Tax: 06/01/2017 $400,000 $41.25 Parcel No: 096105335009 Document No: 4306661 Sale Type: - RBA: 9,698 SF Land Area: 0.20 AC (8,599 SF) Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: 78.5% $16,320 in 2016 $12,810 $3,510 $0.00 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 5/23/2019 Page 1 Multi Multi -Property -Property sale on 6/1/2017 of 2 Retail properties, for $400,000 ($41.25/SF) - Public Record SOLD (con't) Current Retail Information: 1029 8th Ave ID: 1459814 Property Type: Retail - Freestanding GLA: 5,580 SF Center: - Total Avail: 0 SF Bldg Status: Built in 1976 % Leased: 100.0% Owner Type: Individual Bldg Vacant: 0 SF Zoning: Land Area: 4,299 SF Owner Occupied: No Lot Dimensions: - Building FAR: 1.30 Renti'SFi r r: - No. of Stores: - CAM: - Street Frontage: 175 feet on 11th St 123 feet on 8th Ave Expenses: 2012 Tax @ $0.70/sf Parking: 10 free Surface Spaces are available Features: Bus Line Location Information Metro Market: Denver Submarket: Greeley Ret/Greeley Ret County: Weld CBSA: Greeley, CO CSA: Denver -Aurora, CO DMA: Denver, CO -WY -NE Current Retail Information: 1021 8th Ave ID: 8357258 Property Type: Retail - Storefront Retail/Office GLA: 4,118 SF Center: - Total Avail: 0 SF Bldg Status: Built in 1908 % Leased: 100.0% Owner Type: Individual Bldg Vacant: 0 SF Zoning: - Land Area: 4,299 SF Owner Occupied: No Lot Dimensions: - Building FAR: 0.96 Rent/SF/Yr: - No. of Stores: - CAM: - Street Frontage: 32 feet on 8th Ave (with 0 curb cut) Property Mix: Office (25.0%) General Retail (75.0%) Expenses: 2010 Tax @ $0.42/sf Location Information Metro Market: Denver Submarket: Greeley Ret/Greeley Ret County: Weld CBSA: Greeley, CO CSA: Denver -Aurora, CO DMA: Denver, CO -WY -NE Copyrighted report licensed to 1st Net Real Estate Services - 89536. 5/23/2019 Page 2 RENT ROLL 1909-15 9TH STREET GREELEY, CO PREMISES Occupied 1909 9th Street Unit A 1909 9th Street Unit B 1911 9th Street 1913-15 9th Street Oil & Gas Mineral Rights TENANT Maryan Ali Barre dba Samafale Hall Store Norma Vallejo dba Llantera F4 13 Vacant Vacant S1 ORIG M( OD LEASE LEASE AREA % SHARP., N� NUAL GROSS) MONTHLY START EXP EXT OPTION S RENT INCREASES 1659 14% $ 16,800 $ 1013 $ 1,400 1/1/17 11/30/19 None $1450/Mo - 12/1/18 1864 16% $ 14,940 $ 8 02 $ 1 245 3/15/13 2/28/21 None $1290/Mo - 3/1/19, $1335/Mo - 3/1/20 3450 30% 4500 39% $ None - $ - $ Extraction Oil & Gas Inc n/a n/a $ 1,090 n/a $ 90 83 SubtotaGHase'Redf sSh° 1 ri=.»>o-,''i``"_Yri„,.11473a _. 700%^x$; x32,8301$,V'286.,_SA,v2,736•I LEASE TYPE Modified Gross - Tenant Pays Utilities & Snow Removal Modified Gross -Tenant Pays Utilities & Snow Removal Modified Gross - Tenant Pays Utilities & Snow Removal Modified Gross - Tenant Pays Utilities & Snow Removal Mineral Lease w/Royalty Income Projected Income • Form (Rev November 2018) Department of the Treasury Internal Revenue Service Name NEW WEST INVESTMENTS, INC Employer tdentificston number 84 1414117 1 Show the type and address of each property For each rental real estate property listed, report the number of days rented at fair rental value and days with personal use See instructions See page 2 to list additional properties Physical address of each property street, city, state, ZIP code Type - Enter code 1 8, see page 2 for list Fair Rental Days Personal Use Days A1909 1911 1915 GREELEY STREET GREELEY, CO 80631 4 B C ID Rental Real Estate Income 2 Gross rents Rental Real Estate Expenses 3 Advertising 4 Auto and travel 5 Cleaning and maintenance 6 Commissions 7 Insurance 8 Legal and otherprofessional fees 9 Interest 10 Repairs 11 Taxes 12 Utilities 13 Wages and salaries 14 Depreciation (see instructions) 15 Other (list) ® STMT 8 Properties A B C 2 74,658. ,, 3 ,1, 74 , .,,,,, yi,<, zr,,, 4 ' '' r,,: '� ;„ 5 '=zs?;. 6 7 2 , 581 . 'wl „; .i .:,, 8 2 9 6 0 .. . „ "•', � �� . .r,xaP 9 9,229:t '' 10 34,70A. „ 11 11,012/., 12 14:31:3 o x;,,, 13 x li , 14 5,, 8371: ;t 15 '444161*, 1 , 16 Total expenses for each property Add lines 3 through 15 17 Income or (Loss) from each property Subtract line 16 from line 2 18a Total gross rents Add gross rents from b Total expenses Add total expenses from 19 Net gain (loss) from Form 4797, Part II, estate activities 20a Net Income (loss) from rental real estate this partnership or S corporation is a partner b Identify below the partnerships, estates, Attach a schedule if more space is needed (1) Name 16 72,052. 17 2,606. line 2, columns A through H line 16, columns A through H line 17, from the disposition of property from rental real activities from partnerships, estates, and trusts in which or beneficiary (from Schedule K-1) or trusts from which net income (loss) is shown on line 20a (2) Employer identification number 18a 74,658. 18b ( 72,0524 19 20a ,, 1 ' Y - 21 2,606. 21 Net rental real estate income (loss) Combine lines 18a through 20a Enter the result here and on 0 Form 1065 or 1120S Schedule K, line 2 r , rim ( �J (J 25 Rental Real Estate Income and Expenses of a Partnership or an S Corporation ® Attach to Form 1065 or Form 1120S ® Go to www irs gov/Form8825 for the latest information OWN° 1545 0123 For Paperwork Reduction Act Notice, see instructions 12140312 758404 ANEWW100 820141 11-1s-18 JWA 6 2018.03001 NEW WEST INVESTMENTS, INC ANEWW101 Form 8825 (Rev 11-2018) ROOF & HVAC REPLACEMENT WORK 1909-15 9th Street Greeley, CO 80631 Vendor Bodes Roof Consultants Bodis Roof Consultants B & M Roofing of Colorado Inc B & M Roofing of Colorado Inc Affordable Heating & Air Conditioning About Time Remodeling TOTAL Bid Amount $ 6,000 00 $ 1,500 00 $ 159,164 00 $ 1,120 00 $ 54,470 00 $ 575 00 $ 222,829 00 Bid or Contract Date 11/21/2018 11/21/2018 3/18/2019 3/18/2019 6/5/2019 12/26/2018 Notes Drafting of roof replacement specifications, managing roof contractor bidding Estimate for inspection of work, and additional work for HVAC bidding Roof replacement contractor Base Bid Includes insulation work required to meet current code Estimate for roof deck replacement of +-320 SF Rooftop HVAC, plumbing, mechanical contractor Required to complete roof replacement Temporary roof repairs made while roof replacement specifications being written Pt Net Real Estate Services, Inc., 3333 S. Wadsworth Blvd. Ste 200 Lakewood, CO 80227, Phone, 720-962-3750 - Fax- 720-962-5760 LETTER OF AUTHORITY To Whom It May Concern I, Robert L Drabkin , the agent of the owner, of the following real and/or business personal property ADDRESS PARCEL/SCHEDULE NUMBER COUNTY 105 Wadsworth Blvd Schedule #300447856 1909 9114 St Account # R2966486 Jefferson County Weld County I do hereby authorize 1st Net Real Estate Services, Inc to represent my interests and to appeal on my behalf before County Assessor County Board of Equalization, Board of County Commissioners, the Colorado Board of Assessment Appeals, binding arbitration, District Court, all Colorado state courts and/or any other agency or entity with regard to any and all mattei(s) concerning the valuation and taxation of the above mentioned property(s) for tax years 2019 and 2020 The undersigned requests that copies of all decisions fiom any of the above entities, or any other agency of entity, as is involved pertaining to matters of valuation and/or taxation for the above -mentioned property(s), be mailed to 1st Net Real Estate Services, Inc. 3333 S. Wadsworth Blvd. Suite 200 Lakewood, CO 80227 Phone: (720) 962-5750 Fax: (720) 962-5760 I hereby expressly revoke any and all previous authorizations relating to the Property(s) This authorization shall remain in effect until this authorization is terminated in a written instrument executed by the undersigned lJV1 Dated this Owner RLDI05 Signature Print Name Title Managing Member Di17// day 6"LLC n /u,71,/ 1_iAA/z ) 20 j / NEW WEST INVESTMENT INC Address City State Zip San Franciscu CA -44f@3•- i9-L4-►.vt )94-, (4 Phone # 303-888-5983 Fax # 8 1e"`-tteet Apt -3 0 -9 - Iii STATE OF ) SS COUNTY OF �-.��-r,�, ) SwornM bsprl¢e _beforeme this `K Witness my hand and official seal My Commission expires JQ “.44-g� ` r J day of 20 l9' by No Address (a.s4- tv ' 66,4 N. 3o/ C}a- re, ,, U3, (►2) . ]? DAD >1 If9ELE 'IY GA,-' CIA NOTARY PUBLIC STATE OF COLOR NOTARY 1020104003722 My CommissIon Espses Janlcry 28, 2023 1.ii)it; July 26, 2019 Petitioner: NEW WEST INVESTMENTS INC 5005 GALLERIA APT 3142 FARMERS BRANCH, TX 75244-5337 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): 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2019-3007, AS0103 Appeal 2008224884 Hearing 8/1/2019 9:00 AM Account(s) Appealed: R2966486 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 July 26, 2019 Agent: 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 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: NEW WEST INVESTMENTS INC 5005 GALLERIA APT 3142 FARMERS BRANCH, TX 75244- 5337 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2019-3007, AS0103 Appeal 2008224884 Hearing 8/1/2019 9:00 AM Account(s) Appealed: R2966486 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 Dones, Assessor Hello