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Home My WebLink About20193009.tiffAugust 6, 2019 Petitioner: PV GREELEY LLC 4350 LA JOLLA VILLAGE DR STE 110 SAN DIEGO, CA 92122-1244 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 NOTICE OF DECISION Docket 2019-3009 Appeal 2008224888 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 R8945158 Stipulated - Approved Stipulated Value $478,125 $420,618 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 C'C/ViL�•jIG�C. 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 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBS ITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Petitioner: PV GREELEY LLC 4350 LA JOLLA VILLAGE DR STE 110 SAN DIEGO, CA 92122-1244 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3009 Appeal 2008224888 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 R8945158 Stipulated - Approved Stipulated Value $478,125 $420,618 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 R8945158 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: PV Greeley LLC 4350 La Jolla Village Dr Suite 110 San Diego, CA 92122 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: 1. The property subject to this Stipulation is described as: Lot 1 IRONWOOD BUSINESS PARK 110 E 16th St, Greeley CO 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 $478,125 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 $420,618 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 three approaches to value, an adjustment was indicated. 7. Both parties agree that: The hearing scheduled before the Board of Equalization on 8/1/2019 at 9:00 am be vacated. nA hearing has not yet been scheduled before the Board of Equalization. 1 0019 -3009 ASO t 03 DATED this 17 day of July , 2019 Pan G0o/W (:).3n George IJulY', 2019) Petitioner(s) 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 R8945158 Stip-1 .Frm (Assistant) County Attorney for Respondent, Weld County Board of Commissioners Address: 1150 "0" Street P.O. Box 758 Greeley, CO 80632 Telephone:(970) 336-7235 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R8945158 / PV Greeley LLC Final Audit Report 2019-07-17 Created: 2019-07-17 By: Wade Melies (wmelies@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAARsgyCp4mnQw1kldd-ViFaQibHLR6V5Wd "R8945158 / PV Greeley LLC" History 'n Document created by Wade Melies (wmelies@co.weld.co.us) 2019-07-17 - 4:22:00 PM GMT- IP address: 204.133.39.9 E+ Document emailed to Wade Melies (wmelies@co.weld.co.us) for approval 2019-07-17 - 4:22:01 PM GMT Document approved by Wade Melies (wmelies@co.weld.co.us) Approval Date: 2019-07-17 - 4:22:11 PM GMT - Time Source: server- IP address: 204.133.39.9 E Document emailed to Susan Gundry (sgundry@co.weld.co.us) for approval 2019-07-17 - 4:22:12 PM GMT t. Email viewed by Susan Gundry (sgundry@co.weld.co.us) 2019-07-17 - 4:29:27 PM GMT- IP address: 204.133.39.9 Leo Document approved by Susan Gundry (sgundry@co.weld.co.us) Approval Date: 2019-07-17 - 4:37:08 PM GMT - Time Source: server- IP address: 204.133.39.9 E4 Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-17 - 4:37:10 PM GMT 5 Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-17 - 9:17:35 PM GMT- IP address: 204.133.39.9 ri Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-17 - 9:17:53 PM GMT - Time Source: server- IP address: 204.133.39.9 E. Document emailed to Dan George (dgeorge@1stnetre.com) for signature 2019-07-17 - 9:17:55 PM GMT '; Email viewed by Dan George (dgeorge@1stnetre.com) 2019-07-17 - 9:33:06 PM GMT- IP address: 173.14.13.241 woo Adobe Sign 4%o Document e -signed by Dan George (dgeorge@lstnetre.com) Signature Date: 2019-07-17 - 9:56:55 PM GMT - Time Source: server- IP address: 173.14.13.241 L7 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-17 - 9:56:57 PM GMT Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-17 - 10:08:13 PM GMT- IP address: 204.133.39.9 0. Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-17 - 11:39:22 PM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to canaya@weldgov.com, Wade Melies (wmelies@co.weld.co.us), Karin McDougal (weld-cboe@weldgov.com), Dan George (dgeorge@lstnetre.com), and 2 more 2019-07-17 - 11:39:22 PM GMT WEIS Adobe Sign NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 JUL 1 5 201J 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 TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R8945158 2019 4003 Lot 110 1 IRONWOOD E 16TH ST BUSINESS GREELEY PARK PV 4350 SAN GREELEY LA DIEGO, JOLLA CA LLC VILLAGE 92122-1244 DR STE 110 ••••• m.. PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE REVIEW PRIOR TO ACTUAL VALUE REVIEW AFTER COMMERCIAL 478,125 478,125 TOTAL 478,125 478,125 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): 1ST NET REAL ESTATE SERVICES, INC 3333 S WADSWORTH BLVD UNIT 200 LAKEWOOD, CO 80227-5170 15-DPT-AR PR 207-08/13 R8945158 2019-3009 A5o 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/appsljcboe/ 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.colorado.gov/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 4ollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) S_3�5 , 6ac 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 inst led cos , praisal, etc.) ATTESTATION I, the undersigned owner or agent1 of the property identified above, affirm that the statements contained herein and I, any attach nts hereto are true and complete. Signature 644/(E,_, eV5C(Jr- fi-x) Email Address 7,2a r5)(:„7-5 75o Telephone Number 1 Attach letter of authorization signed by property owner. Date 15-DPT-AR PR 207-08/13 R8945158 1 373 Greeley, Sale 4,000 N on SF 2nd CO 8/16/2016 80631 Class Ave C for Manufacturing - $260,000 B ($65.00/SF) Fence Building - Built Public in 1979 Record SOLD B & . .4 - - - •T .It, �.. --- . � . - . L. \Mt': ..„.b.„._. ,,._,_ .. - r Z ecsk ro a) . --- . n _.,.. _ . 3' Goggle MMapdata t2C19 Buyer & Seller Contact Info Recorded Buyer: Todd J & Todd J Folkers Recorded Seller: B & B Local Construction Llc 331 Main St La Salle, CO 80645 (970) 284-5055 Todd Folkers Buyer Type: Individual Transaction Details ID: 3688094 Sale Date: 08/16/2016 Sale Type: - Escrow Length: - Bldg Type: Manufacturing Sale Price: $260,000 Year Built/Age: Built in 1979 Age: 37 Asking Price: - RBA: 4,000 SF Price/SF: $65.00 Land Area: 1.13 AC (49,223 SF) Price/SF Land Gross: $5.28 Percent Leased: 100.0% Percent Improved: 66.5% Total Value Assessed: $76,780 in 2015 Improved Value Assessed $51,090 Laid Value Assessed: $25,690 Land Assessed/SF: $0.00 No. of Tenants: 1 Tenants at time of sale: Air X-Treme LLC Parcel No: 080332000016 Document No: 4228289 Sale History: Sold for $260,000 ($65.00/SF) on 8/16/2016 Sold for $250,000 ($62.50/SF) on 6/7/2007 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 1 4,000 373 N SF 2nd Class Ave C Manufacturing G. B & B Fence Building Built in 1979 (con't) SOLD Income Expense Data Expenses - Operating Total Expenses Expenses - Taxes $5,591 $5,591 Current Industrial Information ID: 5932082 Bldg Type: Manufacturing RBA: 4,000 SF Bldg rent Status: SI- Y r: Built - in 1979 % Leased: Stories: 100.0% 1 Bldg Vacant: 0 SF Total Avail: 0 SF Building FAR: 0.08 Warehouse Avail: 0 SF Office Avail: 0 SF CAM - Max Contig: - Zoning: 1-3 Smallest Space: - Owner Type: Individual Land Area: 49,223 SF Owner Occupied: - Lot Dimensions: - Tenancy: - Ceiling Height: 12'0" Column Spacing: - Loading Docks: - (bldg. total) Levelators: - Cross Docks: - Crane: - Drive Ins: - Const Type: Wood Frame Sprinklers: - Rail Spots: - Rail Line: None Expenses: 2018 Tax @ $1.55/sf Power: 3p Parking: 20 Surface Spaces are available; Ratio of 5.10/1,000 SF Location Information Metro Market: Denver Submarket: Weld County Ind/Weld County Ind County: Weld CBSA: Greeley, CO CSA: Denver -Aurora, CO DMA: Denver, CO -WY -NE Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 2 lob 1508 Greeley, Sale 6,916 4th on 8/31/2017 SF CO Class Ave 80631 for C Warehouse $350,000 ($50.61/SF) Building Built - Public in 1985 Record SOLD 16th 7-,`T^ St J. r t 4 1 Ath St , t 13th Sr ig E 16th c• .. • •r.,_. p > to - `.:• r .; .,; ." ' . r. .., ' . .� -may, M ua t2 ; , Google Buyer & Seller Contact Info Recorded Buyer: Cuyuna Land Co tic Recorded Seller: Paulsen William S & Lucinda A Transaction Details ID: 4010704 Tenants Price/SF Percent Escrow No. Asking at Document Sale Land of time Sale Price/SF: Tenancy: Parcel Length: Gross: Leased: Tenants: of Date: Price: Price: sale: No: No: 08/31/2017 - $350,000 - $50.61 $12.22 100.0% Single 1 096108125001 4332042 P & H Steel Inc Improved Total Land Land Percent Value Value Value Year Assessed/SF: Sale Bldg Land Improved: Assessed: Assessed: Built/Age: Assessed Type: Type: RBA: Area: - Warehouse Built 6,916 0.66 76.2% $81,560 $62,180 $19,380 $0.00 in 1985 SF AC Age: (28,649 in 2016 32 SF) Income Expense Data Expenses - Operating Total - Expenses Expenses Taxes $8,435 $8,435 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 3 It 1508 4th Ave 6,916 SF Class C Warehouse Building Built in 1985 (con't) SOLD Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Expenses: Metro Market: Submarket: County: CBSA: CSA: DMA: Warehouse Built in 1985 - O SF 0.24 O SF 28,649 SF la a None (bldg. total) 4/10'0"w x 14'0"h (total) None 2018 Tax @ $1.21/sf Current Industrial Information RBA: Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: Location Information Denver Weld County Ind/Weld County Ind Weld Greeley, CO Denver -Aurora, CO Denver, CO -WY -NE 6,916 SF 100.0% 1 0 SF O SF Developer/Owner-RGNL No Single - None None Steel None ID: 8382445 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 4 2415 5th Ave Greeley, CO 80631 Sale on 7/15/2016 for $287,000 ($56.90/SF) - Research Complete 5,044 SF Class C Warehouse Building Built in 1963 SOLD Q-- r 4 CO rb a IC 23rd St it 24th St n nut Buyer & Seller Contact Info _2 Sth St hi •0.ctti 4.! --; 0 0 '/ J Mao data C12019 Recorded Buyer: Pj Warner Investments LIc 2415 5th Ave Greeley, CO 80631 Recorded Seller: Aam Investments LIc Transaction Details ID: 3662769 Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: 07/15/2016 $287,000 $56.90 $5.22 Percent Leased: 100.0% Tenancy: Single No. of Tenants: Tenants at time of sale: Financing: 1 ACS Auto Collision Towing $165,892.00 from Bank of Colorado Document No: 4219297 Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Warehouse Built in 1963 Age: 53 5,044 SF 1.26 AC (54,999 SF) Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 5 2415 5th Ave 5,044 SF Class C Warehouse Building Built in 1963 (can't) SOLD Current Industrial Information ID: 8410693 Bldg Type: Warehouse Bldg Status: Built in 1963 Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: 0 SF 0.09 O SF 54,999 SF LI O None (bldg. total) 2/9'0"w x 12'0"h (total) None Expenses: 2018 Tax @ $1.32/sf Features: Fenced Lot Metro Market: Submarket: County: CBSA: CSA: DMA: RBA: % Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: Location Information Denver Weld County Ind/Weld County Ind Weld Greeley, CO Denver -Aurora, CO Denver, CO -WY -NE 5,044 SF 100.0% 1 O SF 0 SF Individual No Single Y None None Masonry None Iran Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 6 4 306 Greeley, Sale 9,500 N on SF 8th CO 9/7/2017 Class 80631 Ave C for $350,000 Warehouse ($36.84/SF) Building Built - Public in 1966 Record SOLD z as 7 j Tr Z 4, O S i• 4 • , _;....„0, ;.titicisaisteis, ' . . . . , _., ? A S! drits85 , , . , * . : . .a ►_ill if rj D it Map oats X201 Goo 9ie Buyer & Seller Contact Info Recorded Buyer: 306 N 8th Ave Lic Recorded Seller: Hall Bce LIc 14333 Mead St Longmont, CO 80504 Buyer Type: Other - Private Transaction Details ID: 4015979 Sale Date: 09/07/2017 Sale Type: - Escrow Length: - Bldg Type: Warehouse Sale Price: $350,000 Year Built/Age: Built in 1966 Age: 51 Asking Price: - RBA: 9,500 SF Price/SF: $36.84 Land Area: 2.10 AC (91,476 SF) Price/SF Land Gross: $3.83 Percent Leased: 100.0% Tenancy: Single Percent Improved: 68.3% Total Value Assessed: $111,680 in 2016 Improved Value Assessed $76,330 Land Value Assessed: $35,350 Land Assessed/SF: $0.00 Parcel No: 096105202005, 096105202002 Document No: 4333786 Income Experse Data Expenses - Taxes $9,168 - Operating Expenses Total Expenses $9,168 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 7 306 N 8th Ave 9,500 SF Class C Warehouse Building Built in 1966 (con't) SOLD Current Industrial Information ID: 7903014 Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Warehouse Built in 1966 O SF 0.10 O SF 91,476 SF Ceiling Height: 14'0"-20'0" Loading Docks: None (bldg. total) Cross Docks: Drive Ins: 4/9'0"w x 14'0"h (total) Sprinklers: Rail Line: None Expenses: 2018 Tax @ $0.96/sf; 2010 Est Ops @ $1.29/sf Power: 3p RBA: clo Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: Parking: 10 free Surface Spaces are available; Ratio of 1.05/1,000 SF Features: Fenced Lot Location Information 9,500 SF 100.0% 1 0 SF O SF - I -M Individual No Single None Steel Metro Market: Submarket: County: CBSA: CSA: DMA: Denver Weld County Ind/Weld County Ind Weld Greeley, CO Denver -Aurora, CO Denver, CO -WY -NE Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 8 5 370-372 E 16th St - Ironwood Business Park Ironwood Business Park Greeley, CO 80631 Sale on 6/6/2017 for $501,300 ($62.66/SF) - Public Record 8,000 SF Class C Warehouse Building Built in 1956 SOLD E 16th St rn 3 D J • =00S_ Mao aata X01 Buyer & Seller Contact Info Recorded Buyer: 16th Street Investments LIc 370 E 16th St Greeley, CO 80631 Recorded Seller: J & B Leasing Llc Transaction Details ID: 3939226 Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: No. of Tenants: Tenants at time of sale: Parcel No: Document No: Sale History: 06/06/2017 $501,300 $62.66 $5.16 100.0% Multi 1 J & B Machine Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: 096109312004 4307828 Sold for $501,300 ($62.66/SF) on 6/6/2017 Portfolio sale of 9 properties sold for $3,200,000 on 4/14/2016 Portfolio sale of 8 properties sold for $3,800,000 on 11/25/2014 Warehouse Built in 1956 Age: 61 8,000 SF 2.23 AC (97,139 SF) 52.0% $44,590 in 2016 $23,200 $21,390 $0.00 Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 9 370-372 E 16th St - Ironwood Business Park 8,000 SF Class C Warehouse Building Built in 1956 (con't) SOLD Income Expense Data Expenses - Taxes - Operating Expenses Total Expenses $4,830 $4,830 Current Industrial Information ID: 8391181 Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Warehouse Built in 1956 - 0 SF 0.08 0 SF 97,139 SF Ceiling Height: 14'0" Loading Docks: None (bldg. total) Cross Docks: Drive Ins: 2/12'0"w x 14'0"h (total) Sprinklers: - Rail Line: None Expenses: 2018 Tax @ $0.60/sf RBA: cto Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: Location Information 8,000 SF 100.0% 1 0 SF 0 SF Other - Private No Multi None None Masonry None Park Name: Metro Market: Submarket: County: CBSA: CSA: DMA: Ironwood Business Park Denver Weld County Ind/Weld County Ind Weld Greeley, CO Denver -Aurora, CO Denver, CO -WY -NE Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 10 711 Evans, Sale 5,100 39th CO on 1/4/2018 SF Class St 80620 C for $310,000 Service Building ($60.78/SF) Built in 1980 - Public Record SOLD Sc A 4 m .�.,r,'';.•., . ` `,, . � ',� �,,. .-.. 37th i St 37th St ca �, szi •• - • i , • Illnp 41 i ID G..`= Evans a I se V! 1/1 el 9 ' tCT t . 4. i ^�' • 39th = x.. ,,, �-`�. ��yl ! ..w• St A. r to - 3 :.4.. i -- - Riverside Park 9 �. ,. - . .�._ , :µ - .:ifttis, - .'- .. _ ... .. .. _. ,r-s.--.i .. f 1 44 _ -. g 0:)0 : d a 1 Google :, e ; Buyer & Seller Contact Info Recorded Buyer: White Bear Management tic Recorded Seller: Baker Daniel L & Debra K Transaction Details ID: 4106356 Tenants Price/SF Percent Escrow No. at Document Asking Land of time Sale Sale Sale Parcel Price/SF: Tenancy: Tenants: Leased: Length: of History: Gross: Date: Price: Price: sale: No: No: - - 01/04/2018 $310,000 $60.78 $26.36 100.0% Single 1 Dan's 096129214012 4365198 Sold Sold Sold Garage for for for $310,000 $270,000 $109,000 ($60.78/SF) ($52.94/SF) ($21.37/SF) on 1/4/2018 on 3/4/2014 on 6/15/2010 Improved Total Land Land Percent Value Value Value Year Assessed/SF: Sale Bldg Land Improved: Built/Age: Assessed: Assessed Assessed: Type: Type: RBA: Area: - Service Built 5,100 0.27 90.7% $73,950 $67,050 $6,900 $0.00 in SF AC 1980 (11,761 in Age: 2016 38 SF) Income Expense Data Expenses - Operating - Expenses Taxes $6,855 Total Expenses $6,855 Copyrighted report licensed to 1s*. Net Real Estate Services - 89536. 7/12/2019 Page 11 711 39th St 5,100 SF Class C Service Building Built in 1980 (con't) SOLD Current Industrial Information ID: 7283081 Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Service Built in 1980 - O SF 0.43 O SF 11,761 SF n None (bldg. total) 1 (total) None Expenses: 2018 Tax @ $1.34/sf Power: 3p RBA: % Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: Location Information 5,100 SF 100.0% 1 0 SF O SF a Individual No Single e None None Reinforced Concrete None Metro Market: Submarket: County: CBSA: CSA: DMA: Denver Weld County IndNVeld County Ind Weld Greeley, CO Denver -Aurora, CO Denver, CO -WY -NE Copyrighted report licensed to 1st Net Real Estate Services - 89536. 7/12/2019 Page 12 ` 113©DI _dt7Ag00k0�90.1,�00t71 '=99nEfil001108I 9it0H0k 90k11 REHMHOW a0n01i01]nu®I nil [II HMV asosii inul Lakewood, CO 80227, Phone 720-962-5750 - Fax 720-962-5760 1st Net Read Estate Services, iIIac,, 3333 S. Wadsworth ,Blvd. Ste D-105 To Whom It May Concern I, RV Cove property ADDRESS LETTER OF AUTHORITY , am the owner, and/or agent of the owner, of the' following real and/or business personal PARCEL/SCHEDULE NUMBER COUNTY Account # R8945158 Weld County Account # R8945162 Weld County 110E 16"St 378E 16th St I do hereby authorize 1st Net Real Estate Services, Inc to represent my interests and to appear 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 othet agency of entity with regard to any and all matter(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 from any of the above entities, or any other agency or 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 D-105 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 Dated this i - f day of 20 1' Owner PV GREELEY LLC, Signature V I i 1 LI Print Name 53Y: Pvu ul Q�..►tic,� ZA-s �L Title Managing Member Address 4350 La Jolla Village Dr Ste 110 City, State, Zip San Diego CA 92122 Phone # 858-625-6709 STATE OF COLORADO ) SS COUNTY OF J f FFF/ZSD•v ) Swon to and subscribed before me this At -kb a," teiyIlrt v Witness my hand and official seal My Commission expues ..//V day of , 20 by 4„, Notary Public Address X? /21-4, 14r16J? Darnel George Notary Public State of Colorado Notary ID 19904015107 My Commission Expires April 17, 2023 Ai�4 � ac: i Ji 2.7 Hello