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Home My WebLink About20193092.tiffAugust 6, 2019 Petitioner: TEBO STEPHEN D PO BOX T BOULDER, CO 80306-1966 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO CONFIRMATION OF WITHDRAWAL REQUEST Docket #: 2019-3092 Appeal #: 2008224779 Dear Petitioner: Based upon information furnished to the Weld County Board of Equalization, we understand that you have withdrawn the petition challenging the valuation of the below account number(s). Please be informed that a withdrawn petition precludes any further challenge to the valuation of the below account number(s) for this assessment period.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 Actual Value as Account # Decision Determined by Assessor R6779607 Withdrawn $533,000 Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda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 Anava To: Chloe Remoel Subject: RV: R6916998 2950 COLORFUL AVE, LONGMONT AND R6779607 3793 PURITAN WAY Date: Tuesday, July 23, 2019 10:41:24 AM Attachments: imaae002.onq Hi Chloe, Is this sufficient for a Withdrawal? See below? Thanks! 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: Millie Channell <mchannell@weldgov.com> Sent: Tuesday, July 23, 2019 10:39 AM To: Courtney Anaya <canaya@weldgov.com> Subject: FW: R6916998 2950 COLORFUL AVE, LONGMONT AND R6779607 3793 PURITAN WAY Can I forward this to Chloe for R6779607 3793 Puritan Way? Will this be all she needs for a withdrawal? Thanks, Millie ✓�2l%�e eficumeit Property Appraiser Commercial Division Weld County Assessor's Office (970) 400-3685 mchannell@weldgov.com 009-309'D ASO(03 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: Forest Kitzis <fkitzisPteboorooerties.com> Sent: Tuesday, July 23, 2019 10:31 AM To: Millie Channell <mchannellOweldgov,com> Cc: Carrie Hostetter <chostetterPteboorooerties.com> Subject: RE: R6916998 2950 COLORFUL AVE, LONGMONT AND R6779607 3793 PURITAN WAY 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. Millie: Good morning. Thank you for the explanation. I have discussed this with Mr. Tebo, and he would like to proceed as follows: • 2950 Colorful Way He accepts the reduced valuation of $9,401,360. Please prepare a stipulation at that amount. • 3793 Puritan Way He would like to drop this appeal, and accepts the county's original valuation. Please prepare any necessary paperwork to that effect. Thank you for your assistance in these matters. Best regards, Forest Duane Kitzis Associate Ge'ne'ral ( 'outisel r E I 1 P 7 C7 P C R T I E S 3111 28th Street Boulder, Colorado 80301 Phone: (303) 447-8326 x105 Email: fkitziskkeboproperties.coru From: Millie Channell[mailto:fnchannelICaweldgov.conl] Sent: Monday, July 22, 2019 2:12 PM To: Forest Kitzis Subject: RE: R6916998 2950 COLORFUL AVE, LONGMONT AND R6779607 3793 PURITAN WAY Good afternoon Forest, Regarding 2950 Colorful Ave in Longmont, I am requesting income and expenses for 2017 and 2018. We had discussed lowering it to $9,401,360 or $80/sf. Mr. Tebo wants $9 million and I asked for income and expenses to see if that would justify a $9 million valuation. Carrie said she would ask him if he wanted to give those to me. Regarding 3793 Puritan Way, this is vacant land and was valued on Market Present Worth in 2017/2018 and in 2019 over 80% of the land economic area was sold and they do not qualify for Market Present Worth discounting any longer. See the emails below for sales. Carrie gave me the income and expenses on this parcel, I was requesting it for the above parcel not for this vacant land. Please let me know if we are going to the hearing or if we can reach an agreement. Thank you. Millie MLiW e eftatutett Property Appraiser Commercial Division Weld County Assessor's Office (970) 400-3685 mchannel l@weld.gov.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: Forest Kitzis <fkitzis(Tteboproperties,com> Sent: Monday, July 22, 2019 1:57 PM To: Millie Channell <mchannellPweldgov,com>; Carrie Hostetter <chostetterPteboorooerties.com> Subject: RE: R6916998 2950 COLORFUL AVE, LONGMONT AND R6779607 3793 PURITAN WAY 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. Millie: Good afternoon. Carrie will be out this week, and I will be trying to assist her with two of our appeals. Can you please confirm the status of your discussions on Colorful Ave and Puritan Way (R6916998 and R6779607, respectively)? Thank you, Forest Duane Kitzis as.sec tate (general ('otaisel PROPER TIES 31 1 1 18th Street Boulder. Colorado 80301 Phone: (303) 447-8326 x105 Email: flcitlis(atebopropertics.com From: Millie Channell [mailto:mchannellweldgov.com] Sent: Thursday, July 18, 2019 2:20 PM To: Carrie Hostetter Cc: Forest Kitzis Subject: RE: R6916998 2950 COLORFUL AVE, LONGMONT AND R6779607 3793 PURITAN WAY Hi Carrie, Please see the map enclosed and these are vacant land sales in Glacier Business Park. R8952509 5.22 AC R7532699 1.18 AC R7879599 1.4 AC R7531699 2.05 AC SALES SF PRICE SALES DATE PER/SF 227,383 $1,000,000 7/15/2015 $4.40 51,401 $215,000 4/16/2018 $4.18 60,984 $250,000 3/1/2018 $4.10 89,298 $290,000 4/8/2013 $3.25 If I don't hear back from you today, I will be out of the office tomorrow, we can resume this on Monday. Let me know your thoughts. Thank you. Millie ✓�Zl �le effannett Property Appraiser Commercial Division Weld County Assessor's Office (970) 400-3685 mchannell@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: Carrie Hostetter <chostetterPteboproperties.com> Sent: Thursday, July 18, 2019 11:23 AM To: Millie Channell <mchannelP weldgov.com> Cc: Forest Kitzis <fkitzisPteboproperties.com> Subject: RE: R6916998 2950 COLORFUL AVE, LONGMONT AND R6779607 3793 PURITAN WAY 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 Millie, I spoke with Stephen Tebo and he wanted to know if you could come down to 9 million on 2950 Colorful? Also, attached are the income statements for 3793 Puritan Way. Thanks, Carrie Hostetter Accountant TEBO PROPERTIES Phone: 303-447-8326 Fax: 303-447-0206 E-mail: chostetter@teboproperties.com Mailing: P.O. Box T, Boulder, Co 80306-1966 Location: 3111 28th Street, Boulder, CO 80301 Website: www_TEBOproperties.com From: Millie Channell [mailto:mchannelaweldgov.com] Sent: Tuesday, July 16, 2019 11:59 AM To: Carrie Hostetter Subject: R6916998 2950 COLORFUL AVE, LONGMONT AND R6779607 3793 PURITAN WAY Good morning Carrie, Thank you for taking the time to speak with me this morning. Regarding 2950 Colorful Ave in Longmont, I am requesting income and expenses for 2017 and 2018. These are a few of the sales I reviewed and there are others as well for a large square footage building. SALES 1 6265 GUNBARREL AVE, BOULDER 152,002 SF YR BLT 1969 SOLD 2/2017 LEASING $10-$12/NNN $16,000,000 $105.26 12.31 AC SITE 2 4185 SALAZAR WAY, FREDERICK 200,316 SF YR BLT 2006 4/15/2016 $16,522,200 12.46 AC SITE $82.48 3 9351 EASTMAN PARK DR, WINDSOR 82,783 SF YR BLT 2001 10/13/2015 $8,065,000 8.47 AC SITE $97.42 For 3793 Puritan Way, Frederick, I explained about market present worth discounting and how it was removed for 2019 because over 80% of the lots were sold. I do not have this valued at the $4/sf which is my base in Glacier Business Park and have this valued at $2.80/sf for 4.37 ac or 190,357 sf. The four parcels which made up where the Emerald buildings are being built, sold for $4.40/sf on 7/15/15 for 5.22 acres. Please let me know if you have any further questions or can send income and expenses and we can work up an income approach to value. Tim Reddick has R1740202 4101 Carson Ave, Evans and Sue Gundry has R2683204 700 Main St, Windsor. Thank you. Millie Millie ihanttete Property Appraiser Commercial Division Weld County Assessor's Office (970) 400-3685 mchannell@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. 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: Stephen Tebo Contact Email: chostetter@teboproperties.com Contact Phone: 303-447-8326 Appeal Submitted: 11:14 AM July 15, 2019 Appeal submitted for: R6779607 - TEBO STEPHEN D 3793 PURITAN WAY, FREDERICK Legal: L1 BLK4 GLACIER BUSINESS PARK AMD 1ST EXC THE FOLLOWING DESC PARCEL BEG NE COR SEC 3 S00D04 E 905.63 N85D43 W 429.17 N18D38 W 722.70 N00D23 W 136.82 N89D36 E 674.88 TO POB Reason: Value Too High - owners assessment based on expertise in real estate field. Estimate of Value: $350,000.00 Document(s) Submitted: Account: R6779607 - R6779607_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, August 5, 2019, from 10:30 a.m. to 12:00 p.m. Friday, August 2, 2019, from 9:00 a.m. to 12:00 p.m. Friday, August 2, 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 2019-3092 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: Stephen Tebo Contact Email: chostetter@teboproperties.com Contact Phone: 303-447-8326 Appeal Submitted: 09:21 AM May 31, 2019 Appeal submitted for: R6779607 - TEBO STEPHEN D 3793 PURITAN WAY, FREDERICK Legal: L l BLK4 GLACIER BUSINESS PARK AMD 1ST EXC THE FOLLOWING DESC PARCEL BEG NE COR SEC 3 SOOD04 E 905.63 N85D43 W 429.17 N18D38 W 722.70 N00D23 W 136.82 N89D36 E 674.88 TO POB Reason: Value Too High - owners assessment based on expertise in real estate field. Estimate of Value: $350,000.00 The Appeal process can take several weeks for us to complete. We will mail a decision on your appeal by June 30th for real property and by July 10th for business personal property and/or oil and gas. We thank you for your submittal. Weld County Assessor's Office (970) 400-3650 Hello