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Home My WebLink About20192884.tiffAugust 6, 2019 Petitioner: JFMT PROPERTIES LLC 2501 35TH AVE GREELEY, CO 80634-4122 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): ASSET REALTY ADVISORS INC 5 E BELLEVIEW DRIVE GREENWOOD VILLAGE, CO 80121 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-2884 Appeal 2008225011 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 R6778914 Stipulated - Approved Stipulated Value $4,057,425 $3,950,000 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 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: ASSET REALTY ADVISORS INC 5 E BELLEVIEW DRIVE GREENWOOD VILLAGE, CO 80121 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 JFMT PROPERTIES LLC 2501 35TH AVE GREELEY, CO 80634-4122 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-2884 Appeal 2008225011 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 R6778914 Stipulated - Approved Stipulated Value $4,057,425 $3,950,000 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 R6778914 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: JFMT Properties 2501 35th Ave. Greeley, CO 80634-4122 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: 2501 35th Ave L1 GATEWAY PARK FG #3 3RD RPLT 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 $4,057,425 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2019 actual value for the subject property: Total $3,950,000 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 all approaches to value an adjustment was indicated 7. Both parties agree that: The hearing scheduled before the Board of Equalization on 8/2/19 at 1:30 PM be vacated. [1A hearing has not yet been scheduled before the Board of Equalization. 1 ao 9 - agg� /-\5O1O3 D D t 3rd day of July , 2019 _ . e Petitioner(s) or gent or Attorney (Assistant) County Attorney for Respondent, Weld County Board of Commissioners Address: Address: �j U? 0 (BA 1150 "O" Street P.O. Box 758 fJ Greeley, CO 80632 w, kuo \ LUr. t„ Telephone: ?c 7 t --ZLO6 Telephone:(970) 336-7235 Docket Number R6778914 Stip-1.Frm County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 WELD COUNTY COMMISSIONERS Date of Notice: 6/25/2019 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM - 5:00PM ACCOUNT NO. TAX YEAR T TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R6778914 2019 0600 L1 GATEWAY PARK FG #3 3RD RPLT 2501 35TH AVE GREELEY PROPERTY OWNER JFMT PROPERTIES LLC 2501 35TH AVE GREELEY, CO 80634-4122 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW COMMERCIAL 4,057,425 4,057,425 TOTAL 4,057,425 4,067,425 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: CM05 - The law requires that data from Jan 2017 to June 2018 be used to establish current values. We have considered all three approaches to value and we have denied your appeal based upon this data. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. Agent (If Applicable): ASSET REALTY ADVISORS INC 5 E BELLEVIEW DRIVE GREENWOOD VILLAGE, CO 80121 15-DPT-AR PR 207-08/13 R6778914 2019-2884 ASo to 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/appilichoei To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property — after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing, The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 10, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 Contact the District Court in the County Denver, CO 80203 where the property is located. See your (303) 866-5880 local telephone book for the address and www.dola.colored°.govlbaa 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.) 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 Email Address ' Attach letter of authorization signed by property owner. Date 15-DPT-AR PR 207-08113 R6778914 $TATEM ttifoF'AGENCY` Property Owner; JFMT PROPERTIES, LLC . (hereinafter Property Owner), hereby appoints Asset Realty Advisors, Inc.•(hereinefterAI ) as Properly Owner's representative in connection with the valuations for assessment of Property Owner:0 real and property Which are Identit1ed, by entity and property tax schedule number(s)ON EXHIBIT A -In WELD county(s) of Colorado forthe year -MAUI AND 2020 for taxes payable in 2020 AND 2021 and shalt he,►refull atithorkyto review ail aap)icable records relating to the valuation for assessment of such :property; 'to negotiate the valuation for alsseesment of such property with the.county Assessor, with :arty, repreaPhtatiUe of the.Assessor-'s,o fice, or witk the county, at an amount which-ARA deems, appropriate in the a ircumatartces; and to pursue any dtatutary r.enredfda vhlch client may possess before the County #seasssar,•Courity.Board of Equalization, Board of Assessment" Appeals, District Court, Appellate Courts; .or -in binding'arbitration In the, Property Owners name and in Property Owner's behalf and to hire.and Appoint •an, attorney of ARA's own choosing to represent the Property Owner'at any time when, -In ARAB discretion,.an:attorney is'needed, TIafS AGgEgMENI, OFIALL. rREl i AtM• ILA - EFFECT UNTIL Ra'CkED .lhl PROPEIMr.' •OWN R. ant, Mefk L, vba ngeln Asset Reel]yAdOlkp s, Ina E. aelleview C rive Greenwood Wager, 'Cc7 8P121 303.71-28t 203;783=04x9 '(Ea4 ;rrtiveeatt:net STATE -OF COLORA1X . -T3td.A. Iar't1, •lna$er• .. JFA . propertlae,tt 5,200 0. Broadvwway Erlglewooa, Co $D't,13 .COUNT1f.OF , - Theforegoing'aareetneat.hasbeanickriowledgadbefOremethis. r24 day of rIt y 2tJ79,bY'(Prape�ell N (If by natural pars nor persons, Insert �eme(s) If by person ecling.as represenfativeor official 'capacity or as attornsy.-in4act, Cr. other Capacity or desorIpt1on; -If by Officer of .a• corporation, insert name of such officer(s) as tyre president or other afficar of such -corporation, naniiit it), ,If'acknawiedgement is taken by a Notary F.ubilc, the date of expiration 'his-seal.ahal]-also pp .on tpt rertlicate. Witness my band.and iofficial seal My commission expires ANNDOCUMENTeiELWA9404 (Notaryfub]Ic) '15 .524 NOTARY PUBLIC L LANGLETr STATEOP COLORADO NalARY 18964018653 My commission Expires November 1.2021 APPEAL TO THE WELD COUNTY BOARD OF EQUALIZATION OPIGINAL COUNTY: WELD ADDRESS: 1400 N 17TH AVENUE GREELEY, CO 80631 OWNER'S NAME AND ADDRESS: JFMT PROPERTIES, LLC 2501 35TH AVENUE GREELEY, CO 80634-4122 TAX YEAR: 2019 ACCOUNT# R6778914 SCHEDULE NO.095914418001 TAX AREA CODE: 0600 NOTICE DATE: UNKNOWN AGENT: ASSET REALTY ADVISORS, INC. 5 E BELLEVIEW DRIVE LITTLETON CO 80121 303-781-2608 BY: LEGAL OR PROPERTY DESCRIPTION: 2501 35th AVENUE, GREELEY PROPERTY PRIOR YEAR CLASSIFICATION ACTUAL VALUE COMMERCIAL LAND IMPROVEMENTS TOTAL 3, 524, 706 CURRENT YEAR ACTUAL VALUE 1,509,267 2,548,158 4,057,425 REQUESTED VALUE 1,509,267 2,157,443 3,666,710 DOCUMENTATION & REASON FOR REQUESTING A REVIEW: OVER VALUATION OF IMPROVEMENTS. SWIFT ESTIMATOR VALUES THE IMPROVEMENTS AT $1,721,478. THE LAND VALUE IS IN -LINE WITH THE OTHER DEALERSHIPS. THE PETITIONER'S ESTIMATE OF MARKET VALUE IS $3,666,710 WHEN COMPARED TO THE ATTACHED DEALERSHIP MARKET SALES FOR METRO AND FRONT RANGE. ATTACHMENTS: STATEMENT OF AGENCY, NOD, PETITIONER'S APPEAL, DEALERSHIP SALES COMPARABLES AND SWIFT ESTIMATOR. I, MARK VON ENGELN CERTIFY THAT ! ILED TO THE WELD COUNTY ASSESSOR'S OFFICE A COPY OF THIS PETITION ON JULY 10 , 2019. ARA/CBOEJELWAY/35TH AVE JEEP/2019 BY: EXHIBIT A •JFMT PRQ•PEFTlES,LLC' PROPERTY NAME SCHEDULES ADDRESS OWNER - John a Iway-C1 ryalerd5ep - •R6778914 .26:0:1 35kAvenue ,JFMT Propel-AeB.LL • John Eway qv. sferlpep • :fr•67789i5, 250t35+h•Auenue• JFMT •Propeerties•L(C John E[wey Chiyslerdeep. 14894014 2741:13O Avenue JT Iroperiles-LLc, ACIAMOcuMWELwAvrsosa, COUNTY Weld Wert{ Weld coreLogic I Commercial Estimator - Report CoreLogic - SwiftEstimator Commercial Estimator - Summary Report General Information Estimate ID: 2501 35th AVENUE, GREELEY Property Owner: JFMT PROPERTIES, LLC Property Address: 2501 35TH AVENUE GREELEY, CO 80634 Local Multiplier: Architects Fee: Section 1 Area Stories in Section Stories in Building Shape Perimeter Effective Age Occupancy Details Occupancy 528 Service Repair Garage 303 Automobile Showroom Occupancy Total Percentage 30055 1 rectangular (auto-calc) 19 System : HVAC (Heating) 606 HVAC (Heating) : Space Heater 611 HVAC (Heating) : Package Unit System : Land and Site 7001 Land and Site : Paving, Asphalt 7200 Land and Site : Landscaping System: Mezzanines 761 Mezzanines : Mezzanines -Office Date Created: Date Updated: Date Calculated: Cost Data As Of: Report Date: Overall Depreciation % Physical Depreciation % Functional Depreciation % External Depreciation % oh 58 42 100 Total Percent for HVAC (Heating): Remark 1 Note Details Remark Date : 05-29-2019 Note: Calculation Information (All Sections) Basic Structure Base Cost ` Exterior Walls Heating & Cooling Mezzanine Basic Structure Cost Less Depreciation Physical & Functional Depreciated Cost Units 30,055 30,055 30,055 2,420 30,055 30.0% 30,055 Reference Date : Class C C %/Units 58 42 100 %/Units 133603 47164 %/Units 2420 Unit Cost Total Cost New $56.68 $1,703,517 $13.16 $395,524 $7.80 $234,518 $51.94 $125,695 $81.83 $2,459,254 $57.28 5-29-2019 05-29-2019 05-2019 using default 30 Height 14 14 Quality 2.0 2.0 Quality 1.5 1.5 Quality 2.0 01-01-2019 Less Depreciation $511,055 $118,657 $70,355 $37,709 $737,778 $737,776 $737,776 Page 1 of 2 Quality 2.0 2.0 Depr %C 3 3 Depr %C Depr %C Total Cost Depreciated $1,192,462 $276,867 $164,163 $87,986 $1,721,478 $1,721,478 $1,721,478 https://www.swiftestimator.com/Main/CE/reports/PFV.asp 5/29/2019 CoreLo, is I Commercial Estimator - Report Page 2 of 2 Miscellaneous Paving, Asphalt Landscaping Total Cost Cost data by CoreLogic, Inc. 133,603 $2.27 $303,279 $303,279 47,164 $2.95 $139,134 $139,134 30,055 $96.55 $2,901,667 $737,776 $2,163,891 """Except for items and costs listed under "Addition Details," this SwiftEstimator report has been produced utilizing current cost data and is in compliance with the Marshall & Swift Licensed User Certificate. This report authenticates the user as a current Marshall & Swift user.' is https://www.swiftestirnator.com/MainiCE/renorts/PFV.ago 5/29/2019 DEALERSHIP SALE COMPARABLES 01/01/2017-06/30/2018 ADDRESS LOCATION GRANTOR SITE SQ FT BLDG SALE PRICE SALE BLDG GRANTEE SITE ACRES SQ FT PRICE PSF DATE COND 57005 BROADWAY SAN VINCENTE 153,088.00 35,070 $12,045,000 10/01/17 AVERAGE LITTLETON DRAKE PARTNERS 3.51 $171 10030 E ARAPAHOE ELWAY 254,826 60,566 10,500,000 12/1/2017 GOOD CENTENNIAL LARRY MILLER 5.92 $173 5000 5 BROADWAY ENGLEWOOD BARTH 206,698.00 35,602 DANIELS 4.75 $3,231,000 08/01/17 AVERAGE $92 2050 W 104TH THORNTON COLO POWER SPORTS 134,600.00 29,274 PINGREE HOLDINGS 3.09 $3,250,000 01/22/17 UNK 2727 5 HAVANA ST DENVER MORELAND 223,001.00 34,053 MILLER 5.00 $5,000,000 06/08/16 AVERAGE $173 HIGH $173 LOW MEDIAN $92 $132 OCCUP YOC COMMENTS NO 1984 YES 1985 YES 1986 1966 YES 1970 YES 1976 S. INC PLACE SRCIw.AT TOP OF ENVEIXPE TO THE RIGHT OF THE REMAIN AOiiI E95, ROBE AT 0011113 UN CERTIFIED MAIL i 7014 0510 0000 9467 0886 WELD COUNTY BOARD OF EQUALIZATION 1150 O STREET GREELEY CO 80631 uM+rioSTILT Fornutewram 1000 i it I i 80631 iu U.S M AGN2 PAID CENTENNIAL8122 , CO 6 15, 19 AMOUNT $7.45 42305K137609-77 Hello