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Home My WebLink About20183315.tiff RESOLUTION RE: APPROVE, IN-PART, PETITION FOR ABATEMENT OR REFUND OF TAXES FOR ACCOUNT NUMBER R4238506 -AK CONSOLIDATED 17, LLC WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 17th day of October, 2018, at which meeting there were present the following members: Chair Steve Moreno, and Commissioners Barbara Kirkmeyer, Sean P. Conway, and Mike Freeman, with Commissioner Julie A. Cozad not being present, and WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, with said Assessor, Christopher Woodruff, being present, and taxpayer, Ak Consolidated 17, LLC, being represented by Ryan, LLC, not being present, and WHEREAS, the Board of County Commissioners has carefully considered the attached petition, and is fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the Assessor and the petition be, and hereby is, approved, in-part, and an abatement or refund be allowed as follows: CORRECTION ABATEMENT TAX TO ASSESSED OR REFUND YEAR VALUATION $4,356,870 $29,491.85 2017 CC-: c .PPL/APPL REP I0 / l9/18' Q5RCC.w/(3o1Di5fLv), 2018-3315 Co.c(3c), C.PPL /CAPPL REP lO/8q/!8' AS0099 TAX ABATEMENT PETITION -AK CONSOLIDATED 17, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 17th day of October, A.D., 2018. BOARD OF COUNTY COMMISSIONERS WELD OUNTY, COLORADO ATTEST: dQtitv%) v• 4,140;4,krte. r St ve Moreno, Chair Ch Weld County Clerk to the Board A L arbara Kirkmeyer ro-Tem�� eputy Clerk to the Board :e can P. Conway APPR VED S .q.2 RM iyU9 s CUSED / !,, �, lie A. Cozad _ C ty A torney Mike Freeman Date of signature: 10 f 14'818' 2018-3315 AS0099 DCOa .-- / --� ozok PETITION FOR ABATEMENT OR REFUND OF TAXES RECEIVED County: Weld Date Received (Use Assessor's or Commissioners' Date Stamp) PLAY 31 2018 Section I : Petitioner, please complete Section I only. WELD COUNTY ASSESSOR GREELEY, COLORADO Date: May 26 , 2018 Month Day Year RECEIVED Petitioner's Name : Ak Consolidated 17 LLC C/O Ryan LLC Petitioner's Mailing Address : 7979 East Tufts Avenue, Suite 1500 AUG 3 0 2018 Denver, CO 80237 City or Town State Zip Code WIELD COUNTY COMMISSIONERS SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY R4238506 4185 Salazar Way cy Petitioner states that the taxes assessed against the above property for the property tax year 2017 are incorrect for the following reasons : (Briefly describe the circumstances surrounding the incorrect value or tax . Attach additional sheets if necessary. ) THE PROPERTY IS VALUED IN EXCESS OF FAIR MARKET VALUE BASED ON THE THREE APPROACHES TO VALUE ; COST, INCOME AND MARKET APPROACHES . IN ADDITION , THE PROPERTY IS VALUED IN EXCESS OF OTHER SIMILARLY SITUATED PROPERTIES . #k kg Petitioner' s estimate of value: $ 13 ,820,000 ( 2017 ) O r Value Year Petitioner requests an abatement or refund of the appropriate taxes . I declare , under penalty of perjury in the second degree , that this petition, together with any accompanying exhibits or statements , has been prepared or examined by me , and to the best of my knowledge, information and belief, is true , correct, and complete. Daytime Phone Number ( titio tr's Signature _ By • . : i` Daytime Phone Number 1303 ) 222. 13 CF Agent's Sign Matthew Selling matt.selling@ryan.com *Letter of agency must be attached when petition is submitted by an agent. If the board of county commissioners, pursuant to section 39-10-114( 1 ), or the property tax administrator, pursuant to section 39-2-116, denies the petition for refund or abatement of taxes in whole or in part, the petitioner may appeal to the board of assessment appeals pursuant to the provisions asection 39-2-125 within thirty days of the entry of any such decision, § 39-10-114. 5(1 ), C .F .- . i i Section II : Assessor' s Recommendation _ (For Assessor's Use Only) C J) ..„ .0 t Tax Year 4i 7 I,. O .�.; _ Actual Assessed Tax4$ C'? In e-r; /&, o2S 8� � ` ti $ qçt4 5 aClLig Original I 336 CO --t 1 ,.ti, Corrected 15 1 023 I V V 1 3%7'o qqz leso c--) -1) go zg �� $ � -v a m Abate/Refund 1/ 0O1) 5WoZ " -t"[ o 0 — r0 .1 j ...., (00.,(- A4 ' - • • V .� .. i VI Assessor recommendlepproval as outlined above. No protest was filed for the year: (If a protest was filed, please attach a copy of the NOD. ) MI Assessor recommends denial for the following reason(s) : 2 .nb, r iJ / Assessor's o Deputy ssessor's nature — 15-DPT-AR No. 920-66/06 2018 -3315 FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund filed pursuant to section 39-10-114 shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor as appropnate within six months of the date of filing such petition §39-1-113(1 7) C R S Section III Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to$1,000) The commissioners of County authonze the assessor by Resolution No to review petitions for abatement or refund and to settle by wntten mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract,parcel,or lot of land or per schedule of personal property,in accordance with§39-1-113(1 5),C R S The assessor and petitioner mutually agree to the values and tax abatement/refund of Tax Year Actual Assessed Tax Onginal Corrected Abate/Refund Note The total tax amount does not include accrued interest penalties and fees assoaated with late and/or delinquent tax payments if applicable Please contact the county treasurer for full payment information Petitioner's Signature Date Assessor's or Deputy Assessor's Signature Date Section Iv Decision of the County Commissioners (Must be completed if Section III does not apply) WHEREAS,The County Commissioners of County,State of Colorado,at a duly and lawfully called regular meeting held on / / ,at which meeting there were present the following members Month Day Year with notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and Assessor (being present—not present)and Name petitioner (being present--not present),and WHEREAS,The said Name County Commissioners have carefully considered the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,That the Board(agrees--does not agree)with the recommendation of the assessor and the petition be(approved—approved in part--denied)with an abatement/refund as follows Year Assessed Value Taxes Abate/Refund Chairperson of the Board of County Commissioners'Signature County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementioned county,do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners IN WITNESS WHEREOF,I have hereunto set my hand and affixed the seal of said County 1 this day of Month Year County Clerk's or Deputy County Clerk's Signature Note Abatements greater than$1 000 per schedule,per year must be submitted in duplicate to the Property Tax Administrator for review Section V Action of the Property Tax Administrator (For all abatements greater than$1,000) The a.ion of the Board of County Commissions elat tto the within petition,is hereby P i proved ■ .roved in .- '9 �f fe a e Denied for the fol owing rea n(s) eaetary's Signature Property inrstrator's Signature Signature Date 1 P No 920-66/06 LETTER OF AUTHORIZATION FOR PROPERTY TAX REPRESENTATION Ak Consolidated 17 LLC Property Owner R4238506 4185 Salazar Way Subject Property Weld County, CO Jurisdiction and State 2017/2018 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 : lan James , 720 . 524 . 0022 , ian .james@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: k- 5-4 ,14Cb er ge-g ure Printed Name Date Q71 v. i(e/41 Title Sworn and subscribed before me this I St day of . Jane , 2017 . KELSEY COOK Onat Notary Public Notary Pb lic State of Alaska My Commission Expires My commission expires : 243 ( 11 February 03 . 2019 _ Site : Salazar (Otterbox) A VALUE ANALYSIS FOR: Dire Wolf Ventures OWNERSHIP ENTITY: AK CONSOLIDATED 17 LLC PROPERTY NAME: Salazar (Otterbox) 4185 Salazar Way Frederick, CO COUNTY: Weld County SCHEDULE NUMBER(S): R4238506 VALUE YEAR: 2017 ASSESSOR'S ACTUAL VALUE $16,025,280 $79. 96 PSF TAXPAYER'S OPINION OF ACTUAL VALUE $13,820,000 $68.96 PSF PREPARED BY: i4ran0 Maft Selling Acting as Agent 303.222.1858 matt.selling@ryan .com As of June 30th , 2016 , __ _ _ Subject Property I. . /, mages .. _._ . , ._ . •r / PI.. . a I M ill 711 "Ili— It 1 I I I • : ilk( .tit As if". , ! al , a 11 f _a, _ ___ ,. • s. 7 .0 .. aiii lit -4 • 1160"11114. i *--- lS • • aver Cr' istr y-s A, 7 J • t-iC p'}, ,?mss`` • -Y••-,I.I. . in r. , -...eta:�t 1� ' •ea• - ,:r: ib ' E=' j ." 'sr' ' -. , • r,^�.a, rt.;'♦ •tG • 'fr.•_L'al A nic re4-74 d"�y. _ C`• .-1 � 7ti. 4.,� .0�,4• 4 r i• • mil:-¢ .1 • . . .; ' ;•4 4 tt .•i -4P. li~.R;.- • b„,.,,t rr '*.a ;_ '?ul: all. 1 1�( { - • . ''-i y • .ate .:gift cN- I `!x",fad�} a ��I, ' '•'�,++..k,. . . ,f a� !'-..� • ,,MM }...w v ., a • 11cr ITT ' rrrr si • 4185 Salazar Way 9 4.• • 11: ill 1 • • • • • sortrima 41 It Sawa.., .. • t ` r I IIi • r _ , . Proform IncomeAnalysis a 14fano, Salazar (Otterbox) Property Details PROPERTY NAME : Salazar ( Otterbox) 2017 / 2018 Market Value PARCEL ID : R4238506 Actual Value $ 16,025, 280 ADDRESS : 4185 Salazar Way Value/SF $ 79 . 96 CITY: Frederick Percent Change 0 .00% PROPERTY TYPE : Distribution SUBMARKET: Weld County Ind NET RENTABLE SF: 200,420 2015 / 2016 Market Value YEAR BUILT: 2006 Actual Value $ 16,025, 280 OCCUPANCY: 100 .00% Value/SF $ 79 .96 CLASS: CEILING CLEAR HEIGHT : 30-32' — Market Rental Rate .. $5 . 13 - 0 g97, 41 Market Occupancy: 95 .00% 5 C- = VP / ZZ1 . Cap Rate: 6 . 50% ii- 1 \ ' - Proforma 2017 /SF % PGI INCOME Potential Base Rent $ 1, 028, 155 $ 5 . 13 100.00% Gross Potential Rent $ 1,028, 155 $5 . 13 100.00% Vacancy Loss ' °7c, $ 51,408 $0 . 26 1 .0b% Effective Gross Income $976, 747 $4.87 95 .00% EXPENSES % EGI Operating Expenses --\ 0 $39,070 $0. 19 4.00% Management Fee ICJ I b $39,070 $0 . 19 4 .00% Property Taxes I $0 $0 .00 0.00% Total Operating Expenses $ 78, 140 $0 . 39 8 .00% Reserves for Replacement $0 $0 .00 0 .00% NET OPERATING INCOME $898,607 $4.48 92.00% Cap Rate 6 . 50% 7S :c15 __----> Ot.Q1 Indicated FMV $ 13,824, 725 5 , 5 /o 0a40 (a lesi Less Personal Property $0 Less Cost to Stabilization $0 Less Deferred Maintenance Indicated FMV of RE (Rounded) $ 13,820,000 j Indicated FMV Per SF $ 68.96 (A' inal(g 5% w (Lit Ryan - Lease Comp AnalysisWctintO ., Ceiling Clear Term Free Rent Above Market Net Effective COMP # Property Name Tenant YOC Lease Date Market Class Total NLA SF Leased Base Rent Lease Upload Date Height (Mos.) (Mos.) TI's Per Year Rent 1 Evergreen- Denver 19 Prime Window Systems 1978 22 ' 8/1/2016 Fact 1-70/Montbello B 125.949 125,949 68 $3.75 (blank) 53.75 (blank) 2 Evergreen- Denver 15 Axiom World Wide Logistics 1980 19 ' 6/8/2015 East I-70/Montbcllo C 227,082 139,572 48 $4.51 (blank) $4.51 (blank) Czarnowski Display Service 3 Pro- Stapleton Business Ctr North #01 , 2014 32 ' 11/15/2014 East I-70/Montbello B 402,398 330,199 126.5 $4.32 8 $4.06 1/1/2016 Inc 4 Pro- Stapleton Business Ctr North #02 Animal Supply Company 2014 32 ' 7/1/2015 East I-70/Montbcllo B 392,426 131,399 91 $4.91 7 $4.53 1/1/2016 5 Pro- Stapleton Business Ctr North #02 HD Supply Facilities Maint. 2014 32 ' 3/1/2015 East I-70/Montbello B 392,426 261,027 65 $4.85 4 $4.55 1/1/2016 Weighted Avq. psi: $4.28 Comp Range: High Low Year Built 2014 1978 Lease Sizes 330,199 125,949 Lease Terms 126.5 48 Total Comps 5 Tenancy Schedule 1 Page 1 P i openly 030 sax As et Date 0110112017 By Properly/ _ Property Unit(e) Leese I LoaseType Area Lease From Lease To Tenn Tenancy Monthly Rent Monthly Annual Annuel Annual Annual Securty LOC Yams , Rent'Area Rent RentAroa Rec/Aroa MAadArea Deposit Amount/ , Recehred Bank S alazar 3o d lag(030-azr) 1-A Misr PrP } Indus trial-Net BO J J 200,420-00 i010112015 001302028 132 125 051679.55 043 1,026,1 4 519 000 000 250 825.00 0 00 Rent Steps Charge Type Unl1 Area Label Area From To Monthly Arnt AmVArea Annual Annual/Are Manageme Annual a nt Fee Grass _ _ _ _ Amount ' RNT IND Rent 1-A GLA-son 200 420 00 10101/2016 05,30/2017 85 679 55 0 42 1 028 15 85 13' 000' 1 028 151 - - -- 60 - 60 _ Occupancy Summery _ 1 Area Percentage Occupied Area _ _ 200 420 00 100.00 Vacant Area 000; D DO Total 200,42000' 10000_ Oeeupenc r Summery Atha Percentage Total OccupladArea ' _20042000' 10000 Total Vacant Area __ _ ___ D DO: 0 00 Stand T6ta! _ _ ' __ 700,420 00 10000 SupportingMarket Surveys Cap Rate Sources - Industrial TY 2017 Cap Rate Cap Rate Resource Source Coverage Area Property Type Range Avg . Pg. # The Costar Industrial Report Q2 2016 Denver Industrial 8. 00% 17 The Costar Industrial Report Q2 2016 Denver Industrial 6.50% 17 Realty Rates Market Survey Q3 2016 National Industrial - Warehouse/Distribution 8. 70% Realty Rates Market Survey O3 2016 Far West Industrial - Warehouse/Distribution 8. 50% 26 Realty Rates Market Survey Q3 2016 Denver/Boulder/Greeley Industrial - Warehouse/Distribution 8.60% 26 Burbach & Associates, Inc. Summer 2016 Denver Industrial - Warehouse (5. 0 - 9.0) 7.25% Average: 7.93% S5fl 7, 5 - 51 % s g% E9 g% © 111 S q%) 5 � Ryan0 Mid-Year 2016 — Denver Denver Industrial Market ... ,„ :_; CoStar- SwiattfeiS The Optimist Sales Index Average of Two Highest Price/SF's and Two Lowest Cap Rates Per Quarter commaCap Rate Price/SF 8.0% — — $260 7.0% — — $240 a) — $220 X 6.0% - 5 a) — $200 C7 o 5.0% — o a)a. — $ 180 w 4.0% —cc N a — $ 160 iz a Cj 3.0% — — $ 140 2.0% — — $ 120 1 .0% i I $ 100 2O13 2q 2014 2q 2015 2q Source: CoStar COMPS® \IS Sales Volume & Price Sales Analysis by Building Size Based on Industrial Building Sales of 15 ,OOO SF and Larger Based on Industrial Bldg Sales From April 2O15 - March 2016 r----7-7-n Sales Volune Price/SF Bldg Size It RBA S Volume Price/SF Cap Rate $400- - $100 $350— — - 59O < ZS 000 272 3,056,264 $352,582,693 $ 115.3E. 8.24% F o — $80 o $300s — $70 a) $250`a -I- $60 25K-99K 106 5,047,220 $425, 121 ,400 $ 84.23 8.02% ° ti SF a $200- 7 — $50 co ic N n o $ 150— a - $4O to i o _ $30 100K-249K SF 15 2, 161 ,595 $ 163,949,300 $ 75.85 7.54% $ 100- i - $20 $50- L - $10 I $0 - i :: i I 50 >250K SF 3 1 ,363,423 $81 ,509,000 $ 59.78 6.50% 2013 lq 2O14 lq 2015 lq 2016 lq Source: CoStar cows® Source: CoStar COMPS® U . S . Price /SF Comparison U . S . Cap Rate Comparison Based on Industrial Building Sales of 15 ,OOO SF and Larger Based on Industrial Building Sales of 15 ,OOO SF and Larger ..".."Denver eniUS simmaDenver sus $ 10 11 .0V $90 10.0% a) 9.0% $80 00 ea 4aai 8.0% $7 � a 7.0% $60 4) a 6.0% a $5 CO o 5.096 $40 4.0% $3 3.0% 2013 lq 2014 lq 2015 lq 2016 lq 2013 lq 2014 lq 2015 lq 2016 lq Source: CoStar cows® Source: CoStar COMPS® ©2016 CoStar Group, Inc. The CoStar Industrial Report 17 Far West - AZ, CO, ID, MT, NM , OR, UT, WA, WY Realt;Rates .com MARKET SURVEY - 3rd Quarter 2016' Far Vest - Class A & B Apartments - 90 . Units c.._ . .. i x . ' �r.:�„ •:t'>Y .-�{>i. . \ Y •�.w f t .. • �. t • • 5 .. /.+, ° S 'e: wr � Sf., �f S �' ��.O r a. , s v -.r 'r 1 ,S: ). .? 'c^, a ,'" '.,� S :� "bfoV}'• 7^�•.'- , x• H -'`. 5 �L^i` `�yVr. c,3�'4\' la ., :; r :' `-y bf- rf;. `- ;.a � A:,,t\ as ' ':;w Yt. . f�y .w, a}:�v.': y ` : M u. " f .ec2• A:r z ga.;w. <. ,:_ ^:� "YC•tY..Y. Y..r A ,:`&- a; "tel,,..• 04: y .. 4c:. t : S .�r : : �• e: \n: .< ,/, . ,. x6 : f : , *lc t $y. . .., , L2t ..... a'i-•: „.. t : S t :.......• .,..,...,3;31.„,....„,-....,,,,, ....,,,,,,... 4w.c«4.,.,. :b:. :, -2‘,2&,- -„.•:.; 9s�: aadi�&: rtzrw,,n,.. c uss -3£a„,„••xc „1,4„; cz,,t.„ r> k ,,, ...: Fu� ....,...4...s s,. J ,, ,.......4„...7.- . Operating Data Income Asking Rent $1.259 $866 $1,211 $1,455 $1,17 3 ..'.Ih . . . -. ..1MUYMN:AYlMA•I•WN/.NVM.v ... :: ...:..... ... . . .. . . . - Effective Rent $1,146 $819 $1.108 $1,346 $1,08 6 Other Income $3 $2 $3 $4 $3 Total Income $1,149 $821 $1,111 $1,350 $1,08 9 Vacancy Rate 5.6% 6.8%. 3.5%. 4.0% 5.2%. EGI $1,085 $765 $1,072 $1,295 $1,032 dA..•MM,W...A•.NR0.,,,R•:A•:F,-a-.vA-N.N•.VA•.NN:. . . . . . Expenses Total Expenses $375 $383 $413 $594 $449 Expense Ratio 34.55%. 50.04% 38.53% 45.88% 43.49% NOI $710 $382 $659 $701 $583 Investment Data , Avg Sale Price $ 106,272 $59,407 $101,055 $106,202 $89,0 66 OAR 8.0% 7.7%. 7.8% 7.97.. 7.9%. GRM 7.73 6.05 7.60 6.58 6.84 EGIM 8.16 6.47 7.86 6.83 7.19 '2nd Quarter 201613t4 Copyright 2016 RcaltyRa tc..comTM A RealtgRates _com MARKET SURVEY - 3rd Quarter 2016' Far Vest - Class A & B Industrial Buildings .. ,f v\ 10 « :^,Ar. 1< 'M.OG�y:,.�V�{:a�fp7K+'-, Igj ,'.k ' fe . %- < w 7"y(F•''�, .: c i i.... F, •�-a't j'v sr � a6�-3 n • ..v"�.'tf-ia o K t.a: > v'�8v; :S .,�.-.:. !t '' • i it 4S:. r. - . F'a a: '•v;GY�•- , N 5' ov a"r, ::• f� ` t' 9t3 ` i(fJ+111;,(- 4 t t.\ 3 ,i y , •' . >, ;\"� ^'`v'•♦ :' ..' f, J•: j v %' •�"T� ik'h' w.+� •: I• �l. Y v`[.Y ),-3-.- ��{t :l:•; +:t ,a , •�1•• •. .tw A 'f•' ♦ 3/ S.. /_,A:♦ ,S,c�Cls r: r:. A /y •., ;-.: ^ 2+ , Jo? .<?:2vY .y • �yv. y t- t. e • W }'k n' n ..' <i' rY i4, :cx:N a t '1' L'.'9'•,V.l.'f: . if. M': �1.. .'i-.+^,.:• ';�1 t.i. .) - �.• t.r . . r.hr ...C,} : ii-- »� ��J� � C.v\ �:;< .�'ey�,�.r«--. , k � } ?1�• ::,�f: , . � �. . a }c ; Lam.. T. 6,,,F 45. - Z.' I `-„ . S: .: .ti. , t�..< At <"'x %, ": f 2... ,e.A .• i< : fi .'X�`�� 1l' : Y-`s T`f NY- 44..::! A i:; .cna..Y..'Y'.t..,i w >. :4:: ;i.:,; Y.,RY3 G`7 .., f 7 7L b��N`L: ( t'• �;h ..i - K q y �' l{ .: Y�.ryr.. ' a.v. .c\ ,t'` ZS'. "v> ",+�'' r� �:T�i�"'�'Y.�`M -fCK�a4ns� Xd�.OJiw ,s;. -z: i•�.' �?�4� dC�aY '"''v`6:.1-K.��., s.�S ��.�','k: 0�6.::..., a Operating Data Income Asking Rent $5. 70 $9.36 $5.59 $10.48 $5.34 : $12.3 2 $5.82 $ 12.93 $5.02 $9.89 Effective Rent $5. 45 $8.83 $5.27 $9.69 $4.93 $11. 34 $5.68 $ 12.28 $4.73 $9.22 Reimbur sable Exp. $2. 30 $4.37 $2.80 $5.16 $2.60 $5. 14 . $2.55 $6.52 $2.61 $5.49 Total Income $7. 75 $13.20 $8.07 $14.86 $7.53 $16.49 $8.23 $ 18.80 $7.34 $14.71 Vacancy Rate 7.0 % 7.0% 11.3'% 9.6%. 4.4% 9.0 x 9.0% 8.6% 7.2% 8.2x EGI $7. 20 $12.28 $7.16 $13.43 $7.20 $15 .01 $7.49 $17.18 $6.81 $13.51 Expenses Total Expenses $2. 47 $4.70 $3.02 $5.55 $2.80 $5. 53 $2.74 $7.01 $2.76 $5.81 Expense Ratio 34.32 % 38_27% 42.12% 41.34x 38.88% 36.86 x 36.60x 4 0.78% 40.52% 43.02% NO1 $4. 73 $7.58 $4.14 $7.88 $4.40 $9. 48 : $4.75 $10.18 $4.05 $7.70 Investment Data Avg Sale Price $ 55 $89 $52 $98 $50 $104 $60 $109 $48 $88 * OAR 8.6 x 8.5.% 8.0% 8.0% 8.8% 9.1 x 7.9x 9.3% 8.5% 8/% GRM 10.10 10.08 9.87 10.11 10.15 9.17 10.56 8.88 10.12 9.59 EGIM 7.64 7.25 7.26 7.30 6.95 6.93 8.01 6.34 7.03 6.54 '2nd Qua rtcr 2016 Data Copyright 2016 RcaltyRa tes.comTM Rea ItyRates . com TM 26 SUMMER 2016 BTJRBACII & ASSOCIATES5 INC. REAL ESTATE INVESTMENT SURVEY WEST/CENTRAL UNITED STATES JAMES R BURBACH,MAI Burbach & Associates, Inc is pleased to present the The second question pertained to the time between results of our Summer 2016 Real Estate Investment contract and actual closing The typical range was from Survey Provided is a summary of the respondents' three to six months, 69% of the respondents indicated perceptions of the real estate market in the West/Central closing could occur within three months,with 100%of the United States respondents indicating the process could be completed within six months from the contract date ANALYSIS METHODS Comparing 'Same Store" respondents from the last We asked what type of valuation technique they most survey,the downward bias in capitalization rates picked heavily relied upon The Market (94%) and the up Although many responses were unchanged,decreases Capitalized Income or Direct Capitalization Approaches were observed in neighborhood/community retail, free (94%)were predominant standing retail, suburban office and restaurant Primary Secondary Rarely classifications Industrial/warehouse properties were also seeing a downward bias Decreases in multi-family Cost Approach 0% 88% I2% apartment rates were off-set by some increasing rates,also Sales/ increasing discount rates for residential lot development Market Approach 94% 6% 0% SALES/CLOSING COSTS Capitalized Income 94% 0% 6% We also asked the respondents to estimate on a Discounted percentage basis the total closing costs for a seller of real Cash Flow 18% 47% 35% estate including brokerage commissions, legal/title work and other closing costs The averages are summarized as follows In Discounted Cacti Flow (DCF) analyses, the holding Improved period ranged from 5 to 10 years,trending more towards Vacant Commercial 10 years Sale Price Land Properties MARKETING TIME Up to$1 0 Million 63% 55% We again asked the respondents about marketing times for properties The first question asked how many months $1 0 To$2 499 Million 5 6% 5 0% typically elapsed between the time a property was listed for sale and the time it was placed under contract, $2 5 To$4 999 Million 4 8% 4 4% assuming the property was reasonably priced to begin with A marketing time of up to 12 months was $5 0 To$9 999 Million 3 8% 3 8% anticipated by 93%of the respondents, similar to the last survey Additionally, 73%of the respondents indicated $10 0 Million&Over 3 0% 2 9% the marketing time could be within six months The differences can be attributable to pricing, location,and/or We look forward to continuing the survey with a Winter property type 2016/2017 issue Let us know if you have an interest in becoming a respondent. BURBAC}{ & ASSOCIATES, INC. - REAL ESTATE STMENT SURVEY - SUMMER 2016 REAL ESTATE APPRAISERS AND CONSULTANTS Park Tower, 710 Buffalo Street, Suite 509, Corpus Christi, TX 78401 / (361 ) 884-6449 Respondents by Stabilized Reversion or Discount/Yield Anticipated Growth Anticipated Growth Holding Period Business and Location Property Type Cap Rate Terminal Cap Rate Rate (IRR) Rate Income Rate Expenses (Years) 1 . Jones-Healy, Inc. Multi-Family Apartments 8.0% 1 % years 1 & 2 2% each year 5 Commercial Real Estate Suburban/Low Rise Office 9.0% 2% thereafter Brokerage CBD/Class A Office 9.0% Pueblo, CO Regional Retail 9.0% Neighborhood/Community Retail 10.0% 2. Valuation/Consulting Multi-Family Apartments 5.0% - 7.0% 6.0% - 8.0% 7.0% - 8.0% 3% each year 3% each year 10 Denver, CO Suburban/Low Rise Office 7.0% - 8.0% 7.5% - 8.5% 8.5% - 9.0% C13D/Class A Office 4.5% - 6.5% 5.5% - 6.0% 6.0% - 6.5% Regional Retail 5.0% - 6.0% 6.0% - 6.5% 6.5% - 7.0% . Neighborhood/Community Retail 6.5% 7.5% 7.5% - 8.0% 8.0% - 8.5% Free Standing Retail 6.5% - 7.0% 7.0% - 7.5% 7.5% - 8.0% Big Box Retail 6.0% - 7.0% 7.5% 8,0% ._.._,4 Industrial/Warehouse 5.5% - 7.0% 7.0% - 8.0% 7.5% - 8.0% Free Standing Restaurants Sit Down/Family 6.5% - 8.0% 7.0% - 8.5% 8.5% - 9.0% `` Free Standing Restaurants - Fast Food 5.5% - 6.5% 6.0% - 6.5% 7.0% - 7.5% Medical Office Buildings 6.0% - 7.0% 7.5% - 8.0% 8.0% - 8.5% Convenience Stores/Service Stations 6.5% - 7.0% 7.5% - 8.0% 8.0% - 8.5% • Residential - Raw Land 20.0% Plus Profit Residential - Finished Lots 15.0% Plus Profit Commercial Land 20.0% Plus Profit 3. Valuation/Consulting Golf Course 10.0% - 11 .0% 11 .0% - 12.0% 14.0% - 15.0% 3% each year 3% each year 5 . Denver, CO 4. Valbridge Property Advisors Hotels/Motels 8.0% 8.5% 11 .0% 1 .5% each year 2% each year I 0 Gerald A Teel Company Multi-Family Apartments - Class A 6.0% 6.5% 8.5% Valuation/Consulting Suburban/Low Rise Office 7.25% 7.75% 9.5% Houston, TX CBD/Class A Office 6.5% 7.0% 9.0% . Regional Retail 7.0% 7.5% 9.5% Neighborhood/Community Retail 7.5% 8.0% 10.0% Free Standing Retail 6.5% 7.0% 9.0% Big Box Retail 6.5% 7.0% 9.0% Industrial/Warehouse 7.0% 7.5% 9.5% Free Standing Restaurants - Sit Down/Family 8.5% Free Standing Restaurants - Fast Food 7.0% Golf Course 10.0% 10.5% 11 .5% • Mobile Home/RV Parks 8.0% 8.5% Mini Warehouse/Self-Storage 7.0% 7.5% 10.0% • Medical Office Buildings 7.75% 8.5% 10.0% Automobile Dealerships 8.5% 9.0% 11 .0% Convenience Stores/Service Stations 8.0% 8.5% • r • a REAL ESTATE INVESTMENT SURVEY r, SUMME P', 2016 B�TRBA.C .ASSOCIATS, INC • REAL ESTATE APPRAISERS AND CONSULTANTS Park Tower, 710 Buffalo Street, Suite 509, Corpus Christi, TX 78401 / (361) 884-6449 Stabilized Reversion or Discount/Yield Anticipated Growth Anticipated Growth Holding Period Respondents by Stabilized Type • Cap Rate Terminal Cap Rate Rate (IRR) Rate Income Rate Expenses (Years) Business and Location 5. Regional Commercial Bank Multi-Family Apartments • 6.0% - 7.5% +50 •- 100 +150 - 225 3" o eae h year 3% each year 10 Denver, CO Suburban/Low Rise Office 6.5% - 7.5% basis points higher basis points higher CBD/Class A Office 6.0% - 7.5% than stabilized rate • Regional Retail 6.0% - 7.0% Neighborhood/Community Retail 6.0% 7.5% Free Standing Retail 6.0% - 7.0% Big Box Retail 6.0% - 7.0% Industrial/Warehouse 6,5% - S.0% Medical Office Buildings 6.0% - 7.0% Convenience Stores/Service Stations 6.0% - 7.5% Residential - Raw Land 20.0% Includes Profit Residential - Finished Lots 15.0% Includes Profit 6. Valuation/Consulting Hotels/Motels 8.5% - 12.0% 2% each year 2% each year 10 Denver, CO Multi-Family Apartments - Denver 5 .0% - 7.0% Multi-Family Apartments - Northern CO 6.0% - 9.0% Suburban/Low Rise Office 7.5% - 8.5% 7.5% - 10.0% 9.0% - 11 .0% CBD/Class A Office 5.5% - 7.5% . Neighborhood/Community Retail 6,0% - 7.5% 6,0% - 9.0% 9.0% - 12.0% Free Standing Retail 5.5% - 7.5% Industrial/Warehouse - Northern CO 6.5% - 8.0% 6.5% - 9.0% 8.0% - 11 .0% . 2. ... Industrial/Warehouse 7.5% - 8.0% Free Standing Restaurants 5.0% - 9.0% Free Standing Restaurants - Sit Down/Family 6.5 - 10.0% Fast Food Restaurants 5.0% - 9.0% Independent Restaurants 8.0% - 9.0% Mini-Warehouse/Self-Storage 7.0% - 9.0% 8.0% - 11 .0% 9.0% - 11 .0% Medical Office Buildings 6.5% - 8.0% Convenience Stores/Service Stations 7.0% - 10.0% Residential - Raw Land 10.0% - 15.0% Plus Profit Residential - Finished Lots 8.0% - 15.0% Plus Profit Commercial Land 10.0% - 15.0% Plus Profit yl 7. Park & Associates, Inc. Hotels/Motels 7.0% - 9.0% 2% years 1-4 1 % years 1 & 2 5 • Valuation/Consulting Multi-Family Apartments 7,0W- 8.0% 1 % thereafter 2% thereafter Colorado Springs, CO Suburban/Low Rise Office 8.0% - 10.0% • CBD/Class A Office 8.0% - 10.0% .! Regional Retail 6.0% - 8.0% Neighborhood/Community Retail 8.0% - 10.0% Industrial/Warehouse 8.0% - 10.0% :1 Medical Office Buildings 7.0% - 10.0% Convenience Stores/Service Stations 6.0% - 8.0% Residential - Raw Land 15.0% - 20.0% Plus Profit Residential - Finished Lots 9.0% - 11 .0% Plus Profit Commercial Land. 10.0% - 12.0% Plus Profit .i ', BURBACH & ASSOCIATES, INC. - REAL ESTATE INVESTMENT SURVEY - SUMMER 2016 • REAL ESTATE APPRAISERS AND CONSULTANTS Park Tower, 710 Buffalo Street, Suite 509, Corpus Christi, TX 78401 / (361) 884-6449 . At r. Stabilized Reversion or Discount/Yield Anticipated Growth Anticipated Growth Holding Period Respondents by property Type Business and Location Cap Rate Terminal Cap Rate Rate (IRR) Rate Income Rate Expenses (Years) 8. Valuation/Consulting Hospitals - Real Estate On y 9.0% - 13.0% 2% each year 2% each year 7 Denver, CO Nursing Homes - Real Estate Only 8.0% - 10.5% 9.0% - 11 .0% 13.0% - 1.5.0% Stabilized Cap Rate Including Business Value 11 .0% - 16.0% 13.0% - l 6.0% 15.0% + Retirement Communities - Real Estate Only 5.5% - 7.5% 9.0% - 11 .0% 12.0% - 14.0% Stabilized Cap Rate Including Business Value 8.0% - 12.0% 10.5% - 12.0% 13.0% + 9. Stouffer & Associates Multi-Family Apartments 5.45% - 7.21 % 7 Valuation/Consulting Suburban/Low Rise Office 6.8% - 8.5% San Antonio, TX Neighborhood/Community Retail 6.68% - 9.3% Industrial/Warehouse 7.34% - 10.0% Free Standing Restaurants - Sit Down/Family 5.65% Medical Office Buildings 7.2% 10. Lowery Property Advisors Hotels/Motels 5.7% - 8.5% 10 Valuation/Consulting Multi-Family Apartments 4.8% - 6.75% • San Antonio, TX Free Standing Retail 7 .5% - 8.5% Big Box Retail 7.25% - 7.5% industrial/Warehouse 5.7% - 9.5% Free Standing Restaurants - Sit Down/Family 5.25% - 6.5% Free Standing Restaurants - Fast. Food 5.0% - 6.25% Mobile Home/RV Parks 8.5% - 9.0% 11 . Valbridge Property Advisors Hotels/Motels 8.5% 9.0% 9.5% 2.0% each year 2.0% each year Dugger, Canaday, Grafe Inc Multi-Family Apartments 6.0% 6.5% 7.25% • • Valuation/Consulting Suburban/Low Rise Office 7.5% 8.0% 8.5% San Antonio, TX CBD/Class A Office 7.0% 7.5% 8.25% Neighborhood/Community Retail 7.5% 8.0% 8.5% ` Free Standing Retail 7.5% 8.0% 8.5% Big Box Retail 6.75% 7.25% 7.75% - Industrial/Warehouse 7.5% 8.0% 8.5% • Food Processing Facilities 8.5% 8.75% 9.5% • Free Standing Restaurants - Sit Down/Family 8.0% $.5% 8.75% Free Standing Restaurants - Fast Food 6.75% 7.25% 7.75% 0 Mini-Warehouse/Self-Storage 7.75% 8.25% 8.75% r Medical Office Buildings 6.5% 7.0% 7.5% i Automobile Dealerships 7.25% 7.75% 8.25% Convenience Stores/Service Stations 6.5% 7.0% 7.5% • Farm/Ranch 2.75% 12. Local Govt./Valuation Hotels/Motels 7.0% - 10.0% • Metro Denver, CO Multi-Family Apartments 4.5% - 9.0% Suburban/Low Rise Office 6.0% - 9.0% CBD/Class A Office 6.0% - 7.0% Regional Retail 6.0% - 8.0% Neighborhood/Community Retail 6.5% - 8.5% • Free Standing Retail 5.25% - 7.5% Big Box Retail 5.5% - 7.5% 1 1 ._..e. Industrial/Warehouse 5.0% - 8.0% Free Standing Restaurants - Sit Down/Family 5.5% - 8.0% .1 BI RBACEH & ASSOCIATES, INC. -- REAL ESTATE INVESTMENT SURVEY SUMMER 2016 REAL ESTATE APPRAISERS AND CONSULTANTS Park Tower, 710 Buffalo Street, Suite 509, Corpus Christi, TX 78401 / (361) 884-6449 Stabilized Reversion or Discount/Yield Anticipated Growth Anticipated Growth Holding Period t Respondents by Property Type • Business and Location Cap Rate Terminal Cap Rate Rate (IRR) Rate Income Rate Expenses (Years) 12. Local Govt./Valuation Free StandirWstiurants - Fast Food 4.5% - 7.5% Metro Denver, CO (cont.) Medical Office Buildings 6.5% - 8.0% Convenience Stores/Service Stations 4.5% - 9.0% 13_ Valuation/Consulting Multi-Family Apartments 5.0% - 6.0% 3% each year 3% each year Denver, CO Suburban/Low Rise Office 7.0% - 8.0% CBD/Class A Office 6.0% - 7.0% . Neighborhood/Community Retail 7.0% - 8.0% lI ...---,P Industrial/Warehouse 7.0% - 8.0% �l Free Standing Restaurants - Sit Down/Family 7.5% - 8.5% Free Standing Restaurants - Fast Food 5.0% - 6.0% Mini-Warehouse/Sell-Storage 5.5% - 6.5% Medical Office Buildings 5.5% - 6.5% Residential - Raw Land 20.0% - 30.0% Includes Profit Residential - Finished Lots 15.0% - 25.0% Includes Profit Commercial Land 15.0% - 25.0% Includes Profit 14_ Regional Commercial Bank Hotels/Motels 9.5% - 10.0% 2% years 1 & 2 2% years 1 & 2 5 • • Denver, CO Multi-Family Apartments 6.5% 3% thereafter 3% thereafter Suburban/Low Rise Office 8.0% CBD/Class A Office 8.0% Neighborhood/Community Retail 7.5% - 8.0% i 15. Stouffer & Associates Hotels/Motels 8.0% - 11 .0% 8.5% - 11 .5% 10,0% - 13.0% 2%-3% each year 2%-3% each year 10 Valuation/Consulting Multi-Family Apartments 5.0% - 10.0% 5.5% - 10.5% 9.0% - 12.0% Austin, TX Suburban/Low Rise Office 6.25% - 8.0% 7.0% - 9.0% 8.0% - 10.0% CBD/Class A Office 5.5% - 6.5% 6.0% - 7.5% 7.5% - 9.0% • Regional Retail 5.75% - 7.5% 6.5% - 8.0% 8.0% - 10.0% Neighborhood/Community Retail 6.25% - 8.0% 6.5% - 8.5% 8.0% - 10.0% Free Standing Retail 5.0% - 7.5% Big Box Retail 5.0% - 9.0% • Industrial/Warehouse 6.5% - 9.0% Free Standing Restaurants - Sit Down/Family 7.0% - 9.0% Free Standing Restaurants - Fast Food 5.0% - 7.5% . Mini-Warehouse/Self-Storage 5.5% - 7.5% Medical Office Buildings 6.0% - 7.5% 16. Valuation/ConsUlting Hotels/Motels 9.0% - 11 .0% 25 - 50 100 0%-2% each year 2.5%-3% each year 10 Houston, TX Multi-Family Apartments 5.0% - 7.0% basis points higher basis points higher . Suburban/Low Rise Office 7.0% - 9.0% than stabilized rate than reversion rate CBD/Class A Office 7.0% - 9.0% • ` Regional Retail 7.0% - 9.0% Neighborhood/Community Retail 7.5% - 9.5% Free Standing Retail 7.0% - 9.0% Big Box Retail 7 .0% - 9.0% Industrial/Warehouse 8.0% - 10.0% Truck/Distribution Terminals 8.0% - 10.0% a BURBACH & ASSOCIATES, INC. - REAL ESTATE INVESTMENT SURVEY - SUMMER 2016 • REAL ESTATE APPRAISERS AND CONSULTANTS Park Tower, 710 Buffalo Street, Suite 509, Corpus Christi, TX 78401 / (361) 884-6449 SS S Respondents by Stabilized Reversion or Discount/Yield Anticipated Growth Anticipated Growth Holding Period Property Type Business and Location Cap Rate Terminal Cap Rate Rate (IRR) Rate Income Rate Expenses (Years) 16. Valuation/Consulting Food Processing Facilities 8.0% - l 0.0% Houston. TX (cont.) Free Standing Restaurants - Sit Down/Family 8.0% - 9.0% Free Standing Restaurants - Fast Food 5.0% - 7.0% Mobile Home/RV Parks 7.0% - 9.0% Mini-Warehouse/Sell-Storage 7.0% - 8.0% Medical Office Buildings 7.0% - 8.0% 17. East West Econometrics I-iotels/Motels 7.5% - 9.0% 3% each year 2% each year 5 Valuation/Consulting Multi-Family Apartments 5 .0% - 7.5% Denver, CO Suburban/Low Rise Office 7.0% - 8.5% Regional Retail 7.5% Neighborhood/Community Retail 7.0% - 9.0% Free Standing Retail 7.5% - 8.0% Big Box Retail 7.5% - 8.0% ----j industrial/Warehouse 7.5% - 9.0% Free Standing Restaurants - Sit Down/Family 7.0% - 9.0% i Free Standing Restaurants - Fast Food 5.5% - 7.5% Mobile Home/RV Parks 8.0% - 10.0% Mini-Warehouse/Self-Storage 7.0% - 8.0% Medical Office Buildings 7.0% - 8.0% ._ Automobile Dealerships 8.0% - 9.0% Convenience Stores/Service Stations 6.5% - 8.0% Farm/Ranch 2.0% - 3.0% Residential - Raw Land 21 ,0% Includes Profit '' Residential - Finished Lots 18.5% Includes Profit Commercial Land 22.0% Includes Profit 18. Valuation/Consulting Multi-Family Apartments 6.0% - 14.0% 7.0% - 15.0% 3% each year 2.5%-3.5% each year 10 Dubuque, IA Suburban/Low Rise Office 6.0% - 12.0% 7.0% - 13 .0% CBD/Class A Office 8.0% - 12.0% 9.0% - 13 .0% Regional Retail 8.0% - 12.0% 9.0% 13.0% Neighborhood/Community Retail 8.0% - 12.0% 9.0% - 13.0% Free Standing Retail 6.0% - 12.0% . 7.0% - 13.0% Big Box Retail 6.0% - 12,0% 7.0% - 13.0% Industrial/Warehouse 6.0% - 12.0% 7.0% - 13.0% A Mini-Warehouse/Self-Storage ' 6.0% - 12.0% 7.0% - 15.0% Medical Office Buildings 6.0% - 12.0% 7.0% - 13.0% • • .4, BURBACH&ASSOCIATES,INC. REAL ESTATE INVESTMENT SURVEY- SUMMER 2016 REAL ESTATE APPRAISERS AND CONSULTANTS Park Tower,710 Buffalo Street,Suite 509,Corpus Christi,TX 78401/(361)884-6449 Respondents by Stabilized Reversion or Discount/Yield Anticipated Growth Anticipated Growth Holding Penod Property Type Ca Rate Terminal Cap Rate Rate(IRR) Rate Income Rate Expenses (Years) Business and Location p 19 Valuation/Consulting Hotels/Motels 9 0%-11 0% 2%each year 2%eacF year 10 Corpus Christi,TX Multi-family Apartments-Class C 8 0%-9 0% Suburban/Low Rise Office-Class B/C 9 0%-10 0% Neighborhood/Community Retail-Class B/C 8 0%-9 0% Industrial/Warehouse 7 5%-9 0% 9 0% I0 0% Free Standing Restaurants-Fast Food 6 5%-7 0% Mobile Home/RV Parks 9 0%-10 0% Mini-Warchouse/Self-Storage 6 5%-9 0% Residential-Finished Lots 10%Plus 10%Profit i i Every effort has been made to ensure accuracy in tabulating the responses,however no guarantee is made as to accuracy of the information Permission for reproduction of this matenal is granted with credits to Burbach&Associates,Inc James It Burbach,MAI 570 00 Annual Subscription Price Contact James R Burbach,MAI for Subscription Information-361-884-6449/jburbach@att net Property Report Page 1 of 6 *to Weld County Property Information ( 970 ) 400 - 3650 PROPERTY PORTAL Technical Support (970 ) 400-4357 Account : R4238506 September 20 , 2018 Account Information Account 7 Tax Actual Assessed Account Parcel Space Type Year Buildings Value Value R4238506 131314308006 Commercial 2018 1 16 , 025 . 280 4 . 647 , 330 Legal FRE DCSRA L6 DEL CAMINO SOUTH REPLAT OUTLOT A Subdivision Block Lot Land Economic Area DEL CAMINO SOUTH RPLT 6 Del Camino South Replat OTLT A Gutlot Pro pert Property Address City y Zip Section Township Range 4- -4 4185 SALAZAR ' FREDERICK 14 I 02 68 WAY Owner( s ) Account Owner Name I Address R4238506 AK CONSOLIDATED 17 LLC 1600 A ST STE 110 ( 90% INT) ANCHORAGE . AK 995015146 -47 R4238506 NOVIUS PROPERTIES LLC ( 10% INT) I Document History https : //propertyreport . co . vveld . co . us/?account= R4238506 9/20/2018 Property Report Page 2 of 6 1 Reception Rec Date Type Grantor Grantee Doc Fee Sale Date Sale Price DEL CAMINO 3364195 SUB SUBDIVISION SOUTH RPLT 0.00 0 OUTLOT A HIRSCHFELD ' OPUS 3366179 02-28-2006 SWD FAMILY NORTHWEST 120 . 98 02-24-2006 1 . 209 . 800 PARTNERSHIP LLC LTD OPUS OIRE 3434859 11 - 15-2006 SWDN NORTHWEST COLORADO C 0 . 00 11 -09-2006 0 LLC LLC AK OIRE CONSOLIDATED 4195829 04- 15-2016 SWD COLORADO C 17 LLC (90% 1 ,652 . 22 04- 11 -2016 16. 522 . 200 LLC INT) : NOVIUS PROPERTIES LLC ( 10% INT ) Building Information • Building 1 AccountNo Building ID Occupancy R4238506 1 Warehouse -,-- 0/0 ID Type NBHD Occupancy Com lete Bedrooms Baths Rooms P 1 Commercial 3917 I Warehouse 100 0 0 0 T I I M ID ; Exterior Roof Interior HVAC Perimeter Units Unit Make Cover I Type I Prestressed 1 Radiant 1911 0 Crete Square Condo Total Finished Garage Carport Balcony Porch q Basement Basement g P ID I Ft SF SF SF SF SF SF SF 1 200 . 316 i 0 0 0 0 0 0 0 https : //propertyreport . co . weld . co . us/`'account= R4238506 9/20/2018 Property Report Page 3 of 6 Built As Details for Building 1 S uare Year ID Built As Fa Built Stories Length i Width Storage 1 .00 Warehouse 200,316 2006 1 0 0 Additional Details for Building 1 ID Detail Type Description Units 1 Add On Asphalt Average 200 . 000 1 Add On Concrete Slab Average 75 . 000 Valuation Information Type Code Description Actual Value Assessed Value Acres Land SqFt Improvement 2235 WAREHOUSE/STORAGE- 14 . 396 . 372 4 . 174 . 950 0 . 000 0 IMPS WAREHOUSE/STORAGE- Land 2135 1 . 628 908 472 . 380 12 . 465 542 , 969 LAND Totals - - 16 , 025,280 4, 647 , 330 12 .465 542 , 969 For Single Family Residential Houses , search for sales of similar properties using our Property Portal . Tax Authorities https ://propertyreport . co . weld . co . us/?account= R4238506 9/20/2018 Property Report Page 4 of 6 Tax District District NameCurrent Mill Area ID Levy 1459 0900 CARBON VALLEY REC 5 955 1459 0408 FREDERICK TOWN 6 555 1459 0507 FREDERICK-FIRESTONE FIRE 11 360 1459 0531 FREDERICK-FIRESTONE FIRE 0 698 (BOND 2022) 1459 1050 HIGH PLAINS LIBRARY 3 256 1459 0301 NORTHERN COLORADO WATER 1 000 1459 0213 SCHOOL DIST RE1J-LONGMONT 56 394 1459 0620 ST VRAIN SANITATION 0 517 1459 0100 WELD COUNTY 15 800 Total - - 101 535 Photo https //propertyreport co weld co us/9account=R42385O6 9/20/2018 Property Report Page 5 of 6 r am ■ I ■ s _ it I ! 1s I i i 1 ► I ■ S ■ ■ ',.... PigifIll•-f- .1�. T. ' r �, A C •A , .ef 1 . mil . r i 1 _ 4'_ ti ' tie ' ' w ...,r. ;"-•`x�i - e ') t ..rte if' i EP IA' wo &I ....._ s Ca "ar.fft I .. i tor I 1161 Building 1 __ Sketch https ://propertyreport. co . weld. co.us/?account=R4238506 9/20/2018 Property Report Page 6 of 6 Total G . B . A. Average Sidewall Height 38' 200 . 316 S . F . Precast Concrete Walls 3C . . ' : 30.3' r, in O O C, 1.3 13' Warehouse Area c 184,820 S F c N N N I a Office Area R/R 15.496 S.F. 1.3' r 1 i g. R/R R/R 30.3' .. 56' ?' 30.3' Building 1 Page 1 Copyright © 2018 Weld County, Colorado . All rights reserved . Privacy Policy & Disclaimer I Accessibility Information https ://propertyreport . co . w-eld . co . us/?account= R4238506 9/20/2018 i 'PIM WELD COUNTY Map Tale sirii ONLINE MAPPING II < — �� pi �. - '""'n, -` Y�. - Fort col i n; ' c • if a ��' « ,tir ., ' ... t # 9 7,481• r r� . l lip ii iiiinedi ..:, NI- 2. • L R i if J 1` , 19 �•. , �. -� y "� a ti� r � ; r, - - iri Z 1{ $ Denver M i •• :, lir is d a _- $ if i LegendIt w C� ,; r., ,1 Parcels F.... fly/ ,, j • :+rr•i h J. " Ilk �; r ��, — Highway � _ , , , il\ sttj County Boundary F-- Ztia '� - a 44b III Ct •011 tr4 :Pilit NI , . \ .-,,,,, . , 11. - •_ - .. r.i.-::: .s. c. Al* 4 IV CO ,A fra. 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Notes 1 , 1 17. 1 0 558.56 1 , 117. 1 Feet This map is a user generated static output from an Internet mapping site and is for reference only Data layers that appear on this map may or may not be accurate, WGS 1984 WebMercator Auxiliary_Sphere current, or otherwise reliable c Weld County Colorado THIS MAP IS NOT TO BE USED FOR NAVIGATION CLERK TO THE BOARD � PHONE : (970 ) 400-4225 `3/4.1/4 FAX : ( 970 ) 336-7233 ::11 -aataT --� 1150 O STREET Jr �r � P . O . BOX 758 � GREELEY , COLORADO 80632 � � www . weldgov . com ��_GObirsY� September 24 , 2018 AK CONSOLIDATED 17 , LLC 1600 A . STREET , SUITE 110 ANCHORAGE , AK 99501 -5146 RE : SCHEDULE NUMBER R4238506 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as : 4185 Salazar Way , Frederick , CO 80504 . The meeting is scheduled for October 17 , 2018 , at 9 : 00 a . m . , in the Chambers of the Board of County Commissioners of Weld County , Colorado , Weld County Administration Building , 1150 O Street , Assembly Room , Greeley , Colorado 80631 . The Assessor is recommending that the Board approve , in part , your petition . You are not required to be present at this hearing ; however , this is your opportunity to have your position heard , particularly if your position is opposed to the Assessor' s recommendation . If you intend to submit any documentation in support of your position for this hearing , all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor' s Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearing . If you have any questions concerning this matter, please do not hesitate to contact me at ( 970 ) 400-4226 . Sincerely , 1;14 Esther E . Gesick Clerk to the Board egesick@weldgov . com cc : Assessor Ryan , LLC WELD COUNTY PETITION FOR ABATEMENT OR REFUND OF TAXES CERTIFICATE OF MAILING FIRST NAME LAST NAME COMPANY ADDRESS 1 CITY STATE POSTAL CODE Ak Consolidated 1600 A . Street , Suite Anchorage AK 99501 - 17 , LLC 110 5146 Ryan , LLC 7979 East Tufts Denver CO 80237 Avenue , Suite 1500 I hereby certify that I have sent a notification of hearing date letter in accordance with the notification requirements of Weld County in the United States Mail , postage prepaid First Class Mail by letter as addressed on the attached list this 24th day of ember , 2018 . Tisa Juanicorena Deputy Clerk to the Board U . S . Postal Service' CERTIFIED MAIL° RECEIPT Domestic Mail Only sr r For delivery information, visit our website at www.usps.com®. dom% mss 4 s` USE 4 y ' F cO �,, � �' "4 ist,,:, I, Kati:. m Certified Mail Fee LI ' $ Extra Services & Fees (check box, add fee as appropriate) p ) ❑ Return Receipt (hardcopy) $ NB ❑ Return Receipt (electronic) $ P 's ark ❑ 0 Certified Mail Restricted Delivery $ H mi 0 Adult Signature Required $ / 0 R Adult Signature Restricted Delivery $ (� D Postage P- $ I::I Total Postage and Fees $ --s S nt To H c £ Ljdjt &J fl lLLe Hu er- LIC Street and A,Qt. No. or PO BQx N46 sit ‘ tso i- - el elfl Cr , StateZIAes$ 9Sijs?e11 ` s_P+4 a CD . PS Form 3800, April 2015 PSN 7530-02-000-9047 See Reverse for Instructions 1 . l)4 SENDER: COMPLETE THIS SECTION COMPLETE THIS SECTION ON DELIVERY • Complete items 1 , 2, and 3. A. Signature - . Agent • Print your name and address on the reverse X so that we can return the card to you. L te O Addressee • Attach this card to the back of the mailpiece, B. Received by (Printed Name) C. Date of Delivery -7 or on the front if space permits. i- 1 . Article Addressed to: D. Is delivery address different from item 1 ? 0 Yes ilit CbrieLtiaca.eaci If YES, enter delivery address below: ❑ No cle n7 / - z% 10 �.d eNtiOel 1 (,Le t1.1 � zeds 0 111 E„ Th445 Ave / 554-e Igo D u.. 4 -.5) Othupa, eo cf;oa:75-1 3. Service Type O Priority Mail Expres O ❑ Adult Signature O Registered MaiITM O Adult Signature Restricted Delivery O Registered Mail Restricted Certified Mail® Delivery 9590 9402 1714 6053 4718 74 O Certified Mail Restricted Delivery O Return Receipt for O Collect on Delivery Merchandise 2. Article Number (Transfer from service label) O Collect on Delivery Restricted Delivery O Signature ConfirmationTM ,ured Mail O Signature Confirmation 7 016 0750 0000 7938 41467 ;ured Mail Restricted Delivery Restricted Delivery oar $500) PS Form 3811 , July 2015 PSN 7530-02-000-9053 Domestic Return Receipt U . S . Postal Service' CERTIFIED MAIL° RECEIPT Domestic Mail Only For delivery information, visit our website at www.usps.comr. ii r la g to rai A :::: 5m .... 1 a Isx,„ ,, ,,1 i 1 '.' ‘::. -"4u 1O Certified Mail Fee N Extra Services & Fees (check box, add fee as appropriate) ❑ Return Receipt (hardcopy) t ark C3 O Return Receipt (electronic) $ u Hr L7 ❑ Certified Mail Restricted Delivery $ ❑ Adult Signature Required $ ❑ Adult Signature Restricted Delivery $ ❑ Postage Ln QTotal Postage and Fees $ 4 lifts wit 4. _ (ti e4 le-44. titgo e t and Apt. o., or P Box No. t re ti, , State, ZIP+4t 96166 I -- `e l Y if • I - A I j �d See Reverse for Instructions PS Form 3800, Apt ;I 2015 PSN 7530-02-000-9047 } i _-- SENDER : COMPLETE THIS SECTION COMrJLETE Tills SECTION ON 1,LL 'VERY • Complete items 1 , 2, and 3. ' � =�� • Print your name and address on the reverse Itignature irp.,,at j` c` ❑ Agent --oa Addressee so that we can return the card to you. - ■ Attach this card to the back of the mailpiece, B Received p4/ (Rrinte ame) . Date of Delivery or on the front if space permits. Lu a T1 4 P 1 . Article Addressed to: D. Is delivery address different from item 1 ? O Yes Ay, Cam . (.4-, } l e If YES, enter delivery address below: O No tia P\ . Q-eisced- j-k-t- 1 U) Aci&O/L‘AaLf I Act_ji %cVSt46' 3. Service Type ❑ Priority Mail Express® Hill III 1111111RM 1111 11 111 ❑ Adult Signature ❑ Registered Mailt"' ❑ Adult Signature Restricted Delivery O Registered Mail Restricted _ertified Mall® Delivery ❑ Certified Mail Restricted Delivery O Return Receipt for 9590 9402 1714 6053 4718 81 O Collect on Delivery Merchandise 2. Article Number (Transfer from service label) ❑ Collect on Delivery Restricted Delivery ❑ Signature Confirmationrm Insured Mail ❑ Signature Confirmation 7016 0750 ❑ 0 ❑ ❑ 7938 14474 Insured Mail Restricted Delivery Restricted Delivery (over $500) PS Form 3811 , July 2015 PSN 7530-02-000-9053 Domestic Return Receipt CLERK TO THE BOARD 1861. PHONE: (970)400-4225 FAX: (970) 336-7233 1150 O STREET P.O. BOX 758 Vc O U N T Y z GREELEY, COLORADO 80632 www.weldgov.com October 18, 2018 AK CONSOLIDATED 17, LLC 1600 A STREET, SUITE 110 ANCHORAGE, AK 99501-5146 RE: SCHEDULE NUMBER R4238506 Dear Property Owner: On October 17, 2018, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and approved, in-part, same. Pursuant to Section 39-2-125(f), C.R.S., you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from: Board of Assessment Appeals — Department of Local Affairs 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: (303) 864-7710 Email: dola_baa@state.co.us. In preparation for appealing to the State Board of Assessment Appeals you may also go to the following state link to obtain any further information you may need to proceed, http://www.dola.state.co.us/baa/index.htm Very truly yours, Chloe A. Rem pel Deputy Clerk to the Board crempel@weldgov.com Enclosures: Resolution 2018-3315, Copy of Petition for Abatement of Refund of Taxes cc: Assessor Ryan, LLC Chloe Rempel From: Chloe Rempel Sent: Thursday, October 18, 2018 4:21 PM To: 'matt.selling@ryan.com'; 'ian.james@ryan.com' Subject: Petition for Abatement or Refund of Taxes - Determination Letter - R4238506 Attachments: Tax Abatement Determination Letter - R4238506.pdf Good afternoon, On October 17, 2018, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and approved, in-part, same. Please see the attached letter for further information. If you have any questions or concerns, please do not hesitate to contact me. Sincere regards, Chloe A. Rempel Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel: 970-400-4213 01,111 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. 1 Chloe Rempel From: James, Ian <Ian.James@ryan.com> Sent: Thursday, October 18, 2018 4:22 PM To: Chloe Rempel Subject: Automatic reply: Petition for Abatement or Refund of Taxes - Determination Letter- R4238506 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. I have resigned from Ryan, and my last day was July 14, 2017. In my absence, please call Matt Poling at 720 524 002. Thank you. 1 Chloe Rempel From: Chloe Rempel Sent: Thursday, October 18, 2018 4:25 PM To: 'matt.poling@ryan.com' Subject: FW: Petition for Abatement or Refund of Taxes - Determination Letter- R4238506 Attachments: Tax Abatement Determination Letter - R4238506.pdf; Automatic reply: Petition for Abatement or Refund of Taxes - Determination Letter - R4238506 Good afternoon, On October 17, 2018, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and approved, in-part, same. Please see the attached letter for further information. If you have any questions or concerns, please do not hesitate to contact me. Sincere regards, Chloe A. Rempel Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel: 970-400-4213 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. WELD COUNTY PETITION FOR ABATEMENT OR REFUND OF TAXES CERTIFICATE OF MAILING FIRST NAME LAST NAME COMPANY ADDRESS 1 CITY STATE POSTAL CODE Ak Consolidated 1600 A . Street . Suite Anchorage AK 99501 - 17 , LLC 110 5146 Ryan , LLC 7979 East Tufts Denver CO 80237 Avenue , Suite 1500 matt . selling@ryan . com ; ian .: ames@ryan . com I hereby certify that I have sent a Tax Abatement Petition decision letter in accordance with the notification requirements of Weld County in the United States Mail , postage prepaid First Class Mail by letter as addressed on the attached list this 19th day of October , 2018 . Oe. ie . RAihtt Chloe A . Rempel Deputy Clerk to the Board U . S . Postal Service U . S. Postal Servicee" CERTIFIED MAIL° RECEIPT CERTIFIED MAIL° RECEIPT ru Domestic Mail OnlN. y r Domestic Mail Only For delivery information, visit our website at www. usps.com ='. For delive.p‘kry information, visit our website at www. usps. com .ramc ] OFFCA w1 . 1 1 1 cstk cat ris .., L : f 'Li, E 111 Certified Mail Fee j m Certified Mail Fee Cr' $ r $ re Extra Services & Fees (check box, add fee as appropriate) Extra Services & Fees (check box, add fee as appropriate) ❑ Return Receipt (hardcopy) $ ❑ Return Receipt (hardcopy) $ 0 ❑ Return Receipt (electronic) $ Postmark ❑ Return Receipt (electronic) $ Postmark CI ❑ Certified Mail Restricted Delivery $ Here in Certified Mail Restricted Delivery $ Here ci O Adult Signature Required $ a ❑ Adult Signature Required S . ❑ Adult Signature Restricted Delivery $ 1O1 v ( ( 9 ( I ElAdult Signature Restricted Delivery $ o Postage Q Postage ( iO ( V 9 ( L t' Ln $ � $ a Total Postage and Fees Q Total Postage and Fees $ $ ...t] •t T ._in Sent To r i ' �s C o n� U c±c c t'"1 . L.c.,. C. i L . LC a Street and Apt No., or PO Box No. - street and Apt. N .C2 Box No. is tC 00 OL. Si-reed:_i 5 to • ( l 0 r`" --i 91 c-- Et:_-CvFlea (Ave . ,_S _t- �_� State, ZIP+46 City, State, - bit- A s '- re ' ' • O4' tS at 9 ' d I r C aa veil" r TN. d Qa PS Form 3800, April 2.'J15 PSN 7530-02-000-9047 See Reverse for Instructions PS Form 3800, April 2015 PSN 7530-02-000-9047 See Reverse for Instructions Y SENDER : COMPLETE THIS SECTION COMPLETE THIS SECTION ON DELIVERY • Complete items 1 , 2, and 3. A. Si nature • Print your name and address on the reverse x Loa so that we can return the card to ou. YGcyytiL__ .° AAdgednretssee • Attach this card to the back of the mailpiece, B. Received by (Printed ame) C. D ote of 1rr or on the front if space permits. ( Ln c .Xj 1 1 . Article Addressed to: D. Is delivery ad ess different from item 1 ? O Yes CciK Co If YES, enter delivery address below: O No �s4 I i a d -le '7 , L- L. C t' Co 00 Ct, 3 -Free-at , S-t e. . i v> CAArchorc2 , Otts 9150i i -• 519 c0 3. Service Type O Priority Mail Express® MINIM 1111 II 111111 III 11 II 111 ❑ Adult Signature 0 Registered MailTM ❑ Adult Signature Restricted Delivery ❑ Registered Mail Restricted Certified Mail® Delivery 9590 9402 1714 6053 4720 86 1 Certified Mail Restricted Delivery O Return Receipt for O Collect on Delivery Merchandise 2. Article Number (Transfer from service label) O Collect on Delivery Restricted Delivery O Signature ConfirmationTM .----J Mail 0 Signature Confirmation 7016 0750 DODO 7938 14672 Aail Restricted Delivery Restricted Delivery i0) PS Form 3811 , July 2015 PSN 7530-02-00O-9053 Domestic Return Receipt SENDER : COMPLETE THIS SECTION COMPLETE THIS SECTION ON DELIVERY • Complete items 1 , 2, and 3. A. Signatu J7 • Print your name and address on the reverse !/ gent so that we can return the card to you. --� Addressee B. • Attach this card to the back of the mailpiece, R ive by (Prin me) C. Oat of Delivery or on the front if space permits. _ C, 0/6 v y1 . Article Addressed to: D. Is delivery dress different from item 1 ? Yes L. L. G If YES, enter delivery address below: .---63 No Ten al919 a....o•s -i- v r O-'JQ- S-t e- . l 5O 0 t ) ea/war C O gaa3 7 3. Service Type O Priority Mail Expres 0 111111 1 111 1111 11 1111 III III 1 1 1 111 O Adult Signature O Registered MaiITM O Adult Signature Restricted Delivery O Registered Mail Restricted $'Certified Mail® Delivery 1 9590 9402 1714 6053 4720 79 ❑ Certified Mail Restricted Delivery O Return Receipt for 0 Collect on Delivery Merchandise 2. Article Number (Transfer from service label) ClCollect on Delivery Restricted Delivery O Signature ConfirmationrM tail O Signature Confirmation 7016 07 .50 0000 7938 146 8 9 tail Restricted Delivery Restricted Delivery . PS Form 3811 , July 2015 PSN 7530-02-000-9053 Domestic Return Receipt P , Chloe Rempel From: Chloe Rempel Sent: Monday, October 29, 2018 4:48 PM To: 'matt.selling@ryan.com'; 'matt.poling@ryan.com' Subject: Petition for Abatement or Refund of Taxes - R4238506 Attachments: Tax Abatement Petition - Action of the Property Tax Administrator.pdf Good afternoon, The Division of Property Taxation returned your Petition for Abatement or Refund of Taxes form (attached). Please see page two (2) of the attached pdf for their determination. Sincere regards, Chloe A. Rempel Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel: 970-400-4213 isfii in 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. 1 CLERK TO THE BOARD PHONE: (970)400-4225 \1861 FAX: (970) 336-7233 1150 O STREET P.O. BOX 758 J ".• GREELEY, COLORADO 80632 Jwww.weldgov.com COUNTY October 18, 2018 STATE OF COLORADO DIVISION OF PROPERTY TAXATION 1313 SHERMAN STREET, ROOM 419 DENVER, CO 80203 RE: PETITION FOR ABATEMENT OR REFUND OF TAXES -AK CONSOLIDATED 17, LLC To Whom It May Concern: Please review the attached documents, which include the original petition, a copy of the petition, two (2) copies of the resolution approved by the Weld County Board of Commissioners, and a copy of the back-up documentation supporting the petition. Tax Year(s): 2017 Parcel Number: 131314308006 Account Number: R4238506 If you have any questions concerning this matter, please do not hesitate to contact me at (970)400-4213. Sincerely, Chloe A. Rempel Deputy Clerk to the Board crempel@weldgov.com 10/18/2018 FedEx Ship Manager-Print Your Label(s) -i Cn 2 71 7 -ft _ co c>o oT _ Co<o z� um2� C-)a 71 � Cr) a mm or-a5 .--m+1" = ?m m m 0 (4 —I om oemz _ -rte- _�_ o ≤ cn� GO rnp pp ftyi- in m CI 01 J- q Xi4" mOz al z r-> si iimmi Z - Ni Z 0 0 W -- W co_ n�) cr, � _ m 0 m p mO -i m Fn —I -< O o —�-- � mss. ': — -o - _- � — — m 0 Emommummmo C Rl --=2---.. --- ----_-7— o O w •80> •*0 y �_ Z Z n�,» { m _- m rno.. Ni 9 COMENIMilIMI ZWO mommi CO : 0 M E.; 0c:, Ni w MDCD -a Z N 1 J182118081501uu 552J1/88FB/DCA5 After printing this label: 1.Use the'Print'button on this page to print your label to your laser or inkjet printer. 2. Fold the printed page along the horizontal line. 3.Place label in shipping pouch and affix it to your shipment so that the barcode portion of the label can be read and scanned. Warning: Use only the printed original label for shipping. Using a photocopy of this label for shipping purposes is fraudulent and could result in additional billing charges,along with the cancellation of your FedEx account number. Use of this system constitutes your agreement to the service conditions in the current FedEx Service Guide,available on fedex.com.FedEx will not be responsible for any claim in excess of$100 per package,whether the result of loss,damage,delay, non-delivery,misdelivery,or misinformation, unless you declare a higher value, pay an additional charge,document your actual loss and file a timely claim.Limitations found in the current FedEx Service Guide apply.Your right to recover from FedEx for any loss,including intrinsic value of the package,loss of sales,income interest, profit, attorney's fees,costs,and other forms of damage whether direct, incidental,consequential, or special is limited to the greater of$100 or the authorized declared value.Recovery cannot exceed actual documented loss.Maximum for items of extraordinary value is$1,000,e.g.jewelry, precious metals, negotiable instruments and other items listed in our ServiceGuide.Written claims must be filed within strict time limits,see current FedEx Service Guide. https://www.fedex.com/shipping/shipmentConfirmationAction.handle?method=doContinue 1/2 10/18/2018 FedEx Ship Manager-Print Your Label(s) FedShipment Receipt Address Information Ship to: Ship from: DIVISION OF PROPERTY CHLOE REMPEL TAXATION STATE OF COLORADO WELD COUNTY 1313 SHERMAN STREET 1150 O STREET RI\4 166 ROOM 419 DENVER, CO GREELEY, CO 80203 80631 US US 3038647777 9704004225 Shipment Information: Tracking no.: 773515604345 Ship date: 10/19/2018 Estimated shipping charges: 5.70 USD Package Information Pricing option: Fec1Fx Standard Rate Service type: FedEx 2Day Package type: FedEx Envelope Number of packages: 1 Total weight: 0.60 LBS Declared Value: 0.00 USD Special Services: Pickup/Drop-off: Drop off package at FedEx location Billing Information: Bill transportation to: COUNTYOFWELD-483 DEPARTMENT NAME: CLERK TO THE BOARD SENDER NAME: CHLOE A. REMPEL ADDITIONAL INFO: CTB DEPARTMENT FUND: 10400 Thank you for shipping online with FedEx ShipManager at fedex.com. Please Note FedEx will not be responsible for any claim in excess of$100 per package,whether the result of loss,damage,delay,non-delivery,misdelivery,or misinformation,unless you declare a higher value, pay an additional charge,document your actual loss and file a timely claim.Limitations found in the current FedEx Service Guide apply.Your right to recover from FedEx for any loss,including intrinsic value of the package,loss of sales,income interest,profit,attorney's fees,costs,and other forms of damage whether direct,incidental,consequential,or special is limited to the greater of $100 or the authorized declared value.Recovery cannot exceed actual documented loss.Maximum for items of extraordinary value is$1000,e.g.,jewelry,precious metals,negotiable instruments and other items listed In our Service Guide.Written claims must be filed within strict time limits;Consult the applicable FedEx Service Guide for details. The estimated shipping charge may be different than the actual charges for your shipment.Differences may occur based on actual weight,dimensions,and other factors.Consult the applicable FedEx Service Guide or the FedEx Rate Sheets for details on how shipping charges are calculated. https://www.fedex.com/shipping/shipmentConfirmationAction.handle?method=doContinue 2/2 Hello