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HomeMy WebLinkAbout20193192.tiffAugust 6, 2019 Petitioner: NEW KENDALL PROPERTIES INC CIO RYAN PO BOX 460189 HOUSTON, TX 77056-8189 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): RYAN 7979 E TUFTS AVE SUITE 1500 DENVER, CO 80237-2843 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3192 Appeal 2008224958 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 R2129286 Deny - Administrative Deny $925,500 $925,500 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 Go�.I VAi� �1G'4 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: RYAN 7979 E TUFTS AVE SUITE 1500 DENVER, CO 80237-2843 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 NEW KENDALL PROPERTIES INC C/O RYAN PO BOX 460189 HOUSTON, TX 77056-8189 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3192 Appeal 2008224958 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 R2129286 Deny - Administrative Deny $925,500 $925,500 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 From: Courtney Anavd To: Chloe Remoel Subject: FW: R2129286 Date: Wednesday, July 24, 2019 11:33:34 AM Attachments: jmage004.ona Here's an Admin Deny Courtney Anaya Analyst Weld County Assessor's Office (970) 400-3670 canaya@weldgov.com 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: Wade Melies <wmelies@weldgov.com> Sent: Wednesday, July 24, 2019 11:18 AM To: Courtney Anaya <canaya@weldgov.com> Subject: FW: R2129286 FYI From: Wade Melies Sent: Wednesday, July 24, 2019 11:15 AM To: CTB-County Board of Equalization <we d-cboeWco,weld.co.us> Subject: FW: R2129286 Is this good for an admin dent on this account? Thanks Wade From: Raja, Pradeep <Pradeep.RajacWryan.com> Sent: Wednesday, July 24, 2019 10:59 AM To: Wade Melies <wmeliescWwe dgov.com> Subject: RE: R2129286 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. Hi Wade, Thanks for your detail email. We would like to make admin deny for this property. Pradeep Raja Senior Consultant, Property Tax Consulting Property Tax Ryan - Denver 7979 E. Tufts Avenue o,cte31cta A5o (a3 Suite 1500 Denver Denver, Colorado 80237 303.222.1869 Direct 303.222.1869 Ext 22-1869 775-433-9015 Mobile ryan.com Industry Leaders in Client Service See what makes us different From: Wade Melies <wme iesPwe dgov.com> Sent: Wednesday, July 24, 2019 8:07 AM To: Raja, Pradeep <Pradeep.RajacWryan.com> Subject: FW: R2129286 Caution: This email originated from an External source. Ensure you trust this sender before clicking on any links or attachments. Have you had a chance to review this? Please send your withdrawal to weld-cboeWco.weld.co,us Wade From: Wade Melies Sent: Thursday, July 18, 2019 8:40 AM To: pradeep.raia(Wryan.com Subject: R2129286 Hello I am reviewing he appeal for this account. At the assessor level you provided a income proforma using $14.72 rent. I have quick serve comparable lease rates that range from $17 to $70 NNN per square foot. Your Costar report show vacancy from 0 to 3 percent how do you justify 4.4%? Where are your sales? A Wendy's at 3267 W 10th St., one block away. It has 2,846 square feet. It sold for $2,762,000. After adjusting for blue sky we estimate the adjusted sale price is $1,400,000 or $492 per sq. ft.. Adjusting for remodel, more blue sky, age, or anything else it will still support the subjects value of $300 per sq. ft.. Costar Analytics of Greeley Quick Serve Sales Sales Volume Transactions Sold SF Sales Volume (Mil.) Avg SF For Sale Listings For Sale SF For Sale Volume (Mil.) Asking Price Per SF Avg Asking Price (Mil.) Survey 18 47.'20 $20 2,772 Survey Min 1,210 50.2 -.2?0 Max Sales Sale Price Per SF 8,154 Avg Sale Price (Mil.) $4.1 Cap Rate 8.154 Percent Leased Min Survey $414 51.2 5.0% Max Properties Existing SF Vacancy Rate NNN Rent Per SF 12 Mo. Absorption 12 Mo. Leasing SF 100% Survey 43.273 0.0% 0 0 Min $72 50.2 38% 10.0% Max 5859 54 54.1 6.0% 100% Min 1210 0.0% Max 8,154 0.0% 0 0 0 0 Even if you look at cost your estimate value is pretty far off. If you wish to withdraw or admin deny please email weld-cboePco.wel . Please let me know your thoughts. Wade Wade J. Melies Commercial Appraiser Weld County Assessor's Office 970-400-3672 wmelies@weldgov.com wmeies@co.wed.co.us 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. (-Lt. k----3ruirc15,-- 00e- NOTICE OF DETERMINATION 7-jvcitcc r°R A„i Brenda Dories Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 RECEIVED JUL 3 ! 2OT WELD COUNTY COMMISSIONERS Date of Notice: 6/25/2019 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM — 5:00PM LEGAL DESCRIPTION/ PHYSICAL LOCATION ACCOUNT NO. ' TAX YEAR TAX AREA R2129286 2019 3399 CR NE4 N89D54'E 50' G 2728 17534D N0DDYW 12 5 W 10TH 66) 42.44' 144.75' PT BEG 144.86' TRACT ST N89 OF S0D0B'E N44D55'E GREELEY NW D54'E A GREELEY COR 150' 95' TO 7.27' S0D0G'E TRUE S89D54'W PLAZA (PT 50 POE 1 TO BE iz W ° CC ill a. 0 CC Cl. NEW D1e PD HOUSTON, RYANS44D55'11� BOX KENDALL 460189 TX PROPERTIES 77056-8189 INC PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE REVIEW PRIOR TO ACTUAL VALUE REVIEW AFTER i COMMERCIAL I - 925,500 925,500 925,500 1 925 500 , TOTAL 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 ail 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.B. The deadline for filing real property appeals is July 16. 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 as 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): RYAN 7979 E TUFTS AVE SUITE 1500 DENVER, CO 80237-2843 18-DPT-AR PR 207-08/13 R2129286 2019-3192 ASOUDS 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.usiappsiithoe 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 mustconclude hearings and render decisions by August. 5, 39-8-1072), 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 l o, § 39-2-125(1)(e), ,r- B,. 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 ww.dola.col°radlomovlbaa 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 h olida , it shall be deemed to have been timely fled if filed on the next business day, § 394420(31 C. '.& 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.) 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.) ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on any attachments hereto are true and complete. Signature Telephone Number ber Date Email Address I Attach letter of authorization signed by property owner. I 5 -DPI -AR PR 207-08113 82129286 Burger King US10 557 -BURGER KING GREELEY APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 25th through August at 1160 0 Street. To appeal the Assessors 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 0 Street P.O. Box 758 R2,129286 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 Online: .co4weld,cosus/aops1/cboei. 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, § 39-2-1250)(e), CR.. 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 1313 Sherman Street., Room 315 Denver, CO 80203 (303) 866-5880 vAivw.dola.colorado.gov/baa Binding Arbitration For a list of arbitrators contact the County Commissioners at the address listed for the County Board of Equalization. It the date for filing any. report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or /ego/ holiday, 't shall be deemed to have been timely filed if filed on the next business day, § 394-1-120(3)„C.,R.S. District Court Contact the District Court in the County where the property is located. See your local telephone book for the address a n d telephone number. 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 § 9n8e106(1,5), CAS.) .) 533;000 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.) The subject proper is values in excess of fair market value based on the three approaches to value- cost, market and income. In addition, the property is valued in excess of other similarly situated properties. ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and - ny aeh . = i Is hereto are true and complete. 301.2 2.18 69 07/15/2019 Sig a tureRyal, k LC eko Pradeep Raja pradeep .raja@ryan.com Telephone Number Date Email Address Attach letter of authorization signed by property owner. 15 -OPT -AR FR 207-08)13 R4715207 .+ LETTER OF AUTHORIZATION FOR PROPERTY TAX REPRESENTATION New Kendall Properties Inc Property Owner 095912104001, 2726 WEST 10TH STREET Subject Property Weld County, CO Jurisdiction and State 2019/2020 Year This letter authorizes Ryan, LLC and its affiliate, Ryan Tax Compliance Services, LLC to represent the above -named property as its property tax agent in the jurisdiction and state named above. This authorization includes, but is not limited to: filing property renditions or returns; signing and filing appeals; examining property tax records; and, appearances before the assessor, boards of equalization or review, or other governmental agencies responsible for the assessment of property. If there are any questions concerning this authorization please contact the following: Michelle Tarbell, (720) 524-0022, Michelle.Tarbell@ryan.com A copy of any application or appeal attached to this authorization has been provided to the undersigned property owner, A facsimile or scanned image of a signature below shall constitute an original signing of this authorization and the document containing the original signature will be submitted upon request. This authorization shall remain effective as long as permitted by law or until revoked in writing by the owner. The person signing below certifies that they are a duly appointed officer, representative or agent of the owner and that they have the legal capacity to execute this authorization. Property Owner: Signature •46(01" Mb( Att Printed Name at in-" ta v3/17%70I Date Sworn and subscribed before me this 2•x1) day of Notary ��c My commission expires: lotae- _ 2019, Restaurant Brands International Inc. 557 -BURGER KING GREELEY r% /4 �r�rl04.ialllte. tch1Ck J1'3 to Taxing Problems, July 15, 2019 CERTIFIED RETURN RECEIPT 7018 0040 0000 7854 9278 Weld Board of Equalization P. 0. Box 758 Greeley, CO 80631 Re: 2019 Property Protests RECEIVED JUL 1 ? 2019 WELD COUNTY COMMISSIONERS 7979 E. Tufts Avenue Stanford Place II Suite 1500 Denver, CO 80237 Tel. 720 524.0022 Fax 720:524.0651 www rya rl corn Enclosed are the 2019 Objection to Real Property Assessments for the following taxpayers and parcels numbers: Taxer Parcel Green Tree Apartments LLC R0004590 Northgate Regency LLC R6777759 Centerplace of Greeley III LLC R4997408 408 .ail as USA LL R4715207 r r TIRE CARE CENTERS LLLe R3310586 8 New Kendall Properties Inc R2129286 Pr Realty Income Corporation R4762986 REALTY INCOME OR.P RATIO R7053098 , REALTY INCOME E R.POR. TIO R7054298 Ak Consolidated 17 LL (90% Int Novius R4238506 L.--. Propteries FR.RE LLC R3920305 Pasr- Flexed Corporation R6775983 Kaiser Foundation Health Plan of Colorado R03 70895 , Spirit Reati. LP R2393903 Love's Travel Stops Country Stores R49071 ' -t 1' u - .HoffmaJoint Ventures LP R3564086 Rush Truck enters of Colorado Inc 86783222 SPT Ivey Greeley MOB LLC SPT Ivey Greeley otton ood MOB LL Heartland Financial Usa Inc R7430598 R7193998 R4335406 If you have questions, or need additional information, please contact Mr. Matthew Poling at (720) 524-0022. Sincerely, Audria Eisenach Senior Analyst Enclosures i i I III i 7018 0040 0000 785+ 9278 RillranI) Weld Board of Equalization PdreieY! 0 Box?58 CO g0631 7979 E Tuft Avenue Suite 1500 Denver Colorado 80437 02 W 040472&442 JUL 15 2019 NAILED FROM ZIP CODEI302.37 „4„. r rata art a•PStflY SIDIWILO O1365° Hello