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HomeMy WebLinkAbout20182350.tiffAugust 2, 2018 Agent (if applicable): Petitioner: O'CONNOR & ASSOCIATES 2200 NORTH LOOP W STE 200 HOUSTON, TX 77018-1754 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.co.weld.co.us 1150 O STREET P.O. BOX 758 GREELEY CO 80632 SUN DEVELOPMENT LP C/O O'CONNOR & ASSOCIATES PO BOX 4456 HOUSTON, TX 77210-4456 RE: THE BOARD OF EQUALIZATION 2018, WELD COUNTY, COLORADO NOTICE OF DECISION Docket #: 2018-2350 Appeal #: 2008217972 Hearing Date: 8/2/2018 10:00 AM 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. Section 39-8-101 et seq., considered petition for appeal of the Weld County Assessor's valuation of your property described above, for the year 2018. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R8944040 Deny - Administrative Deny $2,032,940 $2,032,940 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. Section 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, 2016, MUST comply with the following provisions of C.R.S. Section 39-8-107(5): (5)(a)(I) On and after August 10, 2011, 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 section 39-8-108(1) or a denial of an abatement of taxes pursuant to section 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. Section 39-8-108(1), the rules of Colorado appellate review and C.R.S. Section 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. Section 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, 1,e_t;Le Esther E. Gesick, Clerk to the Board Weld County Board of County Commissioners and Board of Equalization Cc: Christopher Woodruff, Weld County Assessor August 2, 2018 Petitioner: SUN DEVELOPMENT LP C/O O'CONNOR & ASSOCIATES PO BOX 4456 HOUSTON, TX 77210-4456 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.co.weld.co.us 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): O'CONNOR & ASSOCIATES 2200 NORTH LOOP W STE 200 HOUSTON, TX 77018-1754 RE: THE BOARD OF EQUALIZATION 2018, WELD COUNTY, COLORADO NOTICE OF DECISION Docket #: 2018-2350 Appeal #: 2008217972 Hearing Date: 8/2/2018 10:00 AM 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. Section 39-8-101 et seq., considered petition for appeal of the Weld County Assessor's valuation of your property described above, for the year 2018. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R8944040 Deny - Administrative Deny $2,032,940 $2,032,940 A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (301 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. Section 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, 2016, MUST comply with the following provisions of C.R.S. Section 39-8-107(5): (5)(a)(I) On and after August 10, 2011, 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 section 39-8-108(1) or a denial of an abatement of taxes pursuant to section 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. Section 39-8-108(1), the rules of Colorado appellate review and C.R.S. Section 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. Section 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, Esther E. Gesick, Clerk to the Board Weld County Board of County Commissioners and Board of Equalization Cc: Christopher Woodruff, Weld County Assessor Chloe Rempel From: Sent: To: Cc: Subject: David Garbe <dgarbe@poconnor.com> Thursday, August 2, 2018 10:07 AM Chloe Rempel Samuel Sosa; Susan Gundry RE: R8944040 Yes, Yes I would & do want to thank you for your help in this matter . David David C. Garbe O'Connor & Associates Property Tax Consultant Cell: 409-392-1024 Dgarbe@poconnor.com dvdgrb@yahoo.com From: Chloe Rempel [mailto:crempel@weldgov.com] Sent: Thursday, August 02, 2018 11:03 AM To: David Garbe Cc: Susan Gundry; Samuel Sosa Subject: RE: R8944040 Mr. Garbe, This morning's hearing before the Weld County Board of Equalization is the only hearing at this level. If you would like to request administrative denial at this morning's hearing so that you can appeal at a State of Colorado hearing, please reply as such. Sincere regards, Chloe A. Rempel Deputy Clerk to the Board 1150 O Street Greeley, CO 80631 tel: (970) 400-4225 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 From: David Garbe <dgarbe@poconnor.com> Sent: Thursday, August 02, 2018 10:00 AM To: Chloe Rempel <crempel@weldgov.com> Cc: Susan Gundry <sgundry@weldgov.com>; Samuel Sosa <ssosa@poconnor.com> Subject: R8944040 R89844040 Yes I would like to carry forward this hearing to a later date regarding the above referenced acct. #R8944040. Please notify me or my assistant Sam Sosa when available again please? Thanks a bunch. David David C. Garbe O'Connor & Associates Property Tax Consultant Cell: 409-392-1024 Dgarbe@poconnor.com dvdgrb@yahoo.com Sam Sosa Assistant to David Garbe Commercial Property Tax Consultant I O'Connor & Associates Office: 713-686-9955 (ext. 4009) Cell: 713-829-4694 ssosa@poconnor.com Confidentiality Notice: This e-mail transmission. and any documents. files or previous e-mail messages attached to it, may contain confidential information that is legally privileged and protected by federal and state law. The intended recipient is obligated to maintain the information in a safe, secure and confidential manner. If you are not the intended recipient, or a person responsible for delivering it to the intended recipient. you are hereby notified that any disclosure, copying. distribution or use of any of the information contained in or attached to this message is STRICTLY PROHIBITED. If you have received this transmission in error, please immediately notify the sender by reply e-mail and destroy the original transmission and its attachments without reading them or saving them to disk. 2 Valuation Report Of Commercial Property For County Board of Equalization SUN DEVELOPMENT LP Petitioner vs. Weld County Assessor's Office Respondent Docket Number: 2018-2350 Parcel Number: 096120229003 Schedule Number: 88944040 Appeal Number: 2008217972 Date: 8/2/2018 Time: 1O:0 O .VI Board: 1 Prepared By Susan Gundry Assessor's Office Staff Appraiser Assessor's Indicated Value TOTAL: $2,032,940 Page 1 of 17 Salient Facts andConclusions Purpose of Appraisal Property Rights Appraised Location LandArea Property Type Imp Occupancy Description Improvement SrgFt Year Built Class Quality Imp 2 Occupancy Description Improvement Sq.Ft. Year Built Class Quality Value Indications: Land Cost Approach Market Approach Income Approach To determine Market Value as of 1/1/18 based on an appraisal date of6/30/16. Unencumbered fee simple interest. 665 31st St Evans 210,305 Commercial Truck Stop 13,271 sf 1999 Masonry Good Car Wash 1,250 sf 1999 Masonry Good $736,068 $2,975,592 $2,069,969 $/A Final Value $2,032,940 Page 2 of 17 Subject The subject is a 13,271 square foot truck stop located on the corner of Highway 85 and 31st St in Evans. Improvement 1 was built in 1999, was constructed of masonry, is of good quality with complete HVAC. This improvement was built as a truck stop restaurant and is 13,271 square feet. It is made up of approximately 6,300 square feet of restaurant space which the Double Clutch restaurant operates in, approximately 4,500 square feetofretail and the remaining space is restrooms, showers and a lounge for truck drivers. This truck stop location offers 13 fuel pumps, a scale and overnight parking. Improvement 2 is an automatic drive thru car wash constructed of masonry, is of good quality with space heat and is 1,250 square feet. Both improvements sit on 210,305 square feet of land with approximately 99,426 square feet of concrete, 67,658 square feet of asphalt. There is 9,960 square feet of canopies covering the pumps and a 60 ton scale on this parcel. Subject Map i a .-.n 1a rrn IJi h a.Vla ,1 Y 1 '' ! ly11�1. di t 40•1 nail' , 71 .1 �.ti •( . • lei art it • isino •11rc 11.1 . d. I/I IOW it'llI,1 ,11 .,. ;C 9 U a.r,a fill aoa , ; a 1 I as Li N'+P! 6iir• i'r'a"1 • ELI l his III 4t • ly^a .1 AI. 6 tiro 1Ir1. kM 1411 'r I-' is II �1 1l-�i� •.� �, s+, a OllEapP�1,(, �db- .■�l)•J7awli6l11YA 11' .40 ;. • ila `}ii (1 1■i *04 IP X11 x9 rat cats tawt_- - Sp: { a �,d Ita t 11 a Ka' 'rt a .1 A•'■� r I WEIRSINISMOMMtsiorMetti Sr • • - 11 Y � rd . 1 !l ;41111 b . ;� �� �i>r `'�xrr• Ill.. �• , E { �i' a 1�7 r1I { �lra rr X 1,: - -3IrS11- , . r ()Li i 1 ��I�te :t _ — . Yii ily c ` j I e a`Y Y 1::1; .1; . ^. -a3e-.k , =b ir r�III1I I rthn CS fZ Y I •.,1 •...•.1 gar imm•me eon: �ate_ yvY M ss ,d!r �ar;il�i -I - irk Lana 1 Y 4. IC �!u..'.r l • 1 a� 1""1 !Ago!! 4 a Y ,311.1 S i :., a1 ' f 3 169 e,fry,�+. t IntriP" =ma 'r*"" • 1. 1 I Y. — .S' 1':tc'xx`lb St 1111 I rhis ' r h -� l i. f Nei , Y•qa 'sir! al. -I.W i 1.3! __.. III I I rsr. ' ICIrye '-ate ICI ° - a -I-'. I Yf twni I • -- C r . Page 3 of 17 Subject Photo's and Sketches 2_.0t • E i E 26.' Concrete SI ab 2262.0 sf • 87.0' 1 Resta u ra nt 6,351 sf 73.0' q 4, Kitchen 1101 1 0' 24.0` RF€/ Showers 2,368 sf 1 Convenience Store 4.552 sf 55 Q' 48 M' 10.0' 20.0' 149' - Page 4 of 17 8.0' 25.0' Car Wash 1 bay drive -though 15' wh Class C yoc 1999 1250.0 sit - Storage Equip room 50.0' Page 5 of 17 Cost Approach Land Value Sales utilizedto establish the value in the subject neighborhood are 2015 and 2016 market for the 2018 assessment date. The comparative sales approach is the most reliable method ofland Pursuantto 9-104-(10.2) (c) C. R S., the Assessor mayutilize sales from ju1y2 012 through the current market to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Weld County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developingvalue. The land size of the subject is 210,305 square feet Comparable commercial land in the subject area is valued at $3.50 per square foot. If no vacant land sales were available in this area, we utilized the abstraction/allocation method to establish land value. A search of land sales was conducted and the following sales were considered most appropriate due to location, size and visibility. Land Sales, Camp 1 Camp2 Comp Comp 4 11/4 3033 8th Ave Evans 26960 Transportation Kersey rsey 109 Hill St Kersey 105129th St Rd Evans 2/29/2O12 V8/2O16 10/16/2014 7/26/2013 University of Northern 9 Colorado 44a 52 $895,O0O $1,200,000 $207,500 $623,OO0 Auburn 94,027 330,791 51,303 .217, 364 Assessor's Indicated Subject Land Value $736,068 or $3.50 p/sf Page 6 of 17 49 $9.52 $3.63 *04 $2.83 51 51 Cost Approach Summary The Assessor is currently using Marshall and Swift cost tables for the cost approach of commercial properties in Weld County, which has been approved by the Division of Property Taxation to be utilized by Colorado Assessors. Although this subject would normally not be valued using the cost approach due to its age, the uniqueness of the subject makes the cost approach a reasonable method of valuation due to the lack of similar comparable properties. The structure has been classified properly utilizing the Marshall and Swift Valuation service and an appropriate value assigned. A land value has likewise been established through the utilization ofvacant land sales of comparable properties. Improvement 1 is valued as a Truck Stop Restaurant, Class C, good quality. This represents $157.96 per square foot The life span is 35 years and the effective age is 17 years. Depreciation was determined to be 31%. Additional value is in the asphalt, concrete, canopy and scale. Total of Improvement 1 less depreciation is $2,153,793.00. Improvement 2 is a drive thru car wash, Class C, good quality. This represents $111.73 per square foot. The life span is 30 years and the effective age is 17 years. Depreciation was determined to be %. The total value of Improvement 2 less depreciation is $85,731. Page 7 of 17 Cost Approach Summary PARCEL. NUMBER PROPERTY OWNER ADDRESS CITY, STATE, ZIP DATE OF APPRAISAL OCCUPANCY: FLOOR AREA (SQ. FIT.) CLASS: COST RANK HEATING AND COOLING RCN BASIC STRUCTURE COST perimeter a dl astm ent .all height adjustment Current multiplier Local multiplier Adjusted RCN Bask Cost ton scale C:anopij Concrete Slab Asphalt Total RCN LESS DEPRECIATION PHYSICAL IMPROVEMENT r r 096120229 03 5U n Development 665 31st St Evans, CO, 06/30/15 Truck Stop R.eStaLar NUMBER OF STORIES 13 :11^, Class C Good Co ran p i ete HVAC UNITS 13,271 I Ft 1 9,960 96,926 67,658 031 Page 8 of 17 AVERAGE STORY HEIGI YEAR BUILT EFFECTIVE AGE ESTIMATED LIFE COST 157.96 0220 1.085 4.99 1.01 Lost PST $26.75 4 5.5') $960,371 12 1999 -5 c►5 TOTAL $2,096.287 $23O9'2,3O5 $5.7,250 $266,430 $533,093 .165,086 $3,114,163 CI .153 793 Cost Approach Summary IMPROVEMENT PARCEL NUM BER PROPERTY OWNER ADDRESS CITY, STATE, ZIP DATE OF APPFA [SAL OCCU PANS FLOOR AREA. [:5Q, FT.) CLAM; COST RANK HEATING AND ;E LIi RCN BASIC STRUCTURE COST perimeter adjustment wall height adjustment Current multiplier Local multiplier Adjusted RCN Bp i s Cost EXTRAS: Co-ntrete Slab Total RC LESS DEPRECIATION PHYSICAL p. O%1 02290 3 Sun Development 665..3.1st St Evans, CO 06/30/16 Drive thru car wash. 1,250 CI ass C Good Space Heat UNITS 1,250 SqFt 2,5 0.42 Improvement Host improvement 2 Cost Land Value NUMBER OF -STORIES AVERAGE STORY HEIGHT YEAR BUILT EFFECTIVE AGE ESTII "IATED LIFE COST $111.73 0.960 1 0.95 1.01 Cost PSF 55.50 62,o 1 $2,153,793 $ 85,731 $ 736,068 Total Value by Cost Approach $2,975,592 or $204.92 p/sf Page 9 of 17 1 15 1995 f 30 TOTAL $139,653 $134,063 $13,750 $147,813 $8.5,731 Market Approach Summary The Assessor has appropriately considered the Market Approach to value for the property on appeal. The Sales Comparison Approach was considered in developing a market value for the Subject. Sales used to establish a market value forthe tax year 2018 are from January 1, 2015 through June 30, 2016. Pursuant to 39-1-104 (10.2)(c) C. R. S., the Assessor may utilize sales five years priorto J une 30, 2016, to establish the propervalue. All sales have been confirmed and verified through transfer declarations as well as interviews with buyers, sellers ortheir representativestothe sale. All sales used are arm's length transactions, and considered to be the most comparable properties sold in relationship to the Subject property. A search for comparable sales resulted in the following: Comparable 1 1695 Watkins Rd, Watkins. This property sold on February 2, 2016 for $2,400,000. Per Don at the Adams County Assessor's office, the sale price included $100,000 in personal property resulting in an adjusted sale price of $2,300,000 or $154.02 per square foot. No business value was declared when the sale was confirmed. The property consists of 4 buildings, a 5,725 square foot restaurant that was built in 1966, a 1,426 square foot office building built in 1967, a 5,250 square foot service garage built in 1969 and a 2,532 square foot retail store built in 1967 and a gas station. This property is located just off of 170, just south of DIA. This comparable is similar in total square footage and use to the subject. It offers a TV lounge, laundry, showers and restaurant as well as overnight parking. It does not have a car wash but instead does have other services. The property was reported to be in poor condition at the time of the sale. Comparable 2 315 Justin Ave, Platteville. This property sold on October 13, 2013 for $2,250,000. Per the owner, the sale price included $1,225,000 in personal property and business interest resulting in an adjusted sale price of $1,025,000 or $203.29 per square foot. This parcel contains one building which consists of a convenience store and restaurant along with a gas station. This comparable does not have a car wash, showers or overnight parking but does have the same Highway 85 visibility as the subject. Comparable 3 325 E 4th Ave, Severance. This property sold on December 27, 2013 for $1,400,000. Per the owner, this sale included $5,000 in personal property resulting in an adjusted sale price of $1,395,000 or $194.67 per square foot. No business value was declared when the sale was confirmed. This parcel consists of two buildings, a convenience store with restaurant, a car wash and gas station. The comparable is located along County Road 74. This comparable is similar in use to the subject due to offering some of the same services as the subject but does not offer overnight parking or showers. Based upon investigation and analysis, it is the opinion of the appraiser that the value of $2,069,969 or $142.55 per square foot most accurately reflects the market value of the subject property. Page 10 of 17 Market Comparables Comparative Sales Grid PROPERTY Subject Conp i Comp 2 Comp 3 StoreaRestaurantfGas Station Comments Parcel Address City r G_ Grantee Adjusted Sidle VALUE Sale Location Services; 'overnight C -store, Dispensers Bldg Quality r ter Price ADJUSTMENTS Date .has SF Sae PSF car parking, station F wash, Price to'nn'e, scale, showers, restaurant, Truck Stop/ 'Nash r N6120229003 6'5. 21 Evans CarStore/Restaurant/Gas st St Station/Service Garage Convienence Store/Gas Station/ Car Wash Q1$1 001 r01010544000: 12111931.20-03 080702142001 16g5 Watkins Rd 315 Justin .Ave 325E 4th Ave Watkins Platteville Severance Susan O Vanderberg T & R Investments OKN Development LLC -ii_i Development Petroleum ExplorationCI 3 Hart Inc MgmtLLC $2,300,000 K1,O2.5;000 51;395;000 $154.02 $203..29 $194.57 DESCRIPTION Evans 13 14,521 Good DESCRIPTION Adjustment DESCRIPTION Adjustment DESCRIPTION Ad u stment 10/14/2013 21212.015 11271.2013 Watkins -1!5p•_: Platteville Severence 10% All 0% Restaurant, C -store, station INS 15% Restaurant, - store, car wash, gas station 10% 13 0% 4 5% 4 5% 14,933 0% 5.042 5% 7,155 5%. Poor 5% Good 0% Good 0. -10% 25% 30% i\T ADJUS ''MEM Adjusted Salle Price $2,070,000 ,51,281,250 $1,013,500 By adjusting for location, services, pumps, building square footage, and quality, we have an adjusted sales prices ranging between $2,070,000 and $1,281,250. The appraiser has determined the subject should be valued on the higher end of the range due to it being most similar to comparable 1 due to the size and services offered. This creates an adjusted price per square foot of $142.55 and a market value as of June 30, 2016 of $2,069,966 OR $142.55 per square foot. Total Value by Market Approach $2,069,969 or $142.55 p/sf Page 11 of 17 Income Approach to Value The basic steps in the. Income Approach to value for commercial properties in mass appraisal are based on a landlord -tenant situation and not on the income ofthe actual business. In usingthis approach, it eliminates the possibilityofvaluingmanagement as opposed to the potential income ofthe structure. This is the proper method Assessor's must utilize through the Directives of the Division of Property Taxation. Research has been attemptedbytheAssessorto determine the market rent bylocation,type ofstructure and the property use. Only one convenience store/gas station lease comparable and one car wash lease comparable were found in northern Colorado. Due to the lack of market lease data for a truck stop or similar property, it was determined a lease approach was not supportable. Therefore, an income approach was not created for this report., Total Value by Income Approach N/A Page 12 of 17 Conclusion The subject propertyhas been classified as Commercial Property for assessmentpurposes. Commercial property value shall be determined by appropriate consideration of the Cost Approach, Market Approach, and Income Approachto value. {39-1-103(5)(a)CR. S.} The Assessor has consideredall three approaches to value for the subject parcel on appeal. Changes occurring between base years are not to be accounted for until the following level of value is implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, etc., or creation of a condominium, or any new regulations restricting or increasing the use of the land, or a combination thereof. {39-1-104(11)Jb)(1] C. R.S.} Final Reconciliation After consideration of the cost and market approaches, the market approach is determined to hold the most weight and is a better representation of value. It is the Weld County Assessor's opinion that the value of $2,032,940.00, most accurately reflects the value of the subject property in Weld County for the 2018 tax year. Cost Approach Market Approach Income Approach Reconcile $2,475,542 $2,069,969 $N/A $2,032,440 Or $204.92 p/sf Or $142.55 p/sf or $140.00 p/sf Assessor's Indicated Value $2,032,940 or $140.00 p jsf Page 13 of 17 Sales Comparable Map M(*ono& Roosevelt Laporte Brrggsdale National 14 Ray iei 14 F o rest.,. Fort Collins 1 (i1' 5 392 __ Windsor Glen Haven 93 Greeley Loveland 5 ocky qua real tain Park Johnstown Evaiits Subject 04 Orchard Weldona aS 6 Fort Mora Lyons Wiggins g Allenspark Uze23 Longmont ---- Roggen Keenesburg z Fort Lupton f •udr' 79) Boulder l 85 Hoyt Aderia Nederland Brighton 76 LeaderCS T' Shamrock Westminster Arvada ..... -�, .270 Black Hawk Golden �® Be nett Idaho Springs Denver U 6 Aurora 703 Byers �+ 1 X 3 Peoria •t�'t 285 rl ail At CSC V` flS Littleton Deer Map Trail data @2018 Godie (Nonfarm ini Address City Property Info Sale Info 1 1695 N Watkins Rd Watkins 16,933 SF General Station Retail/Service Sold: $2,400,000 2 315 Justin Ave Platteville 5'042 FConvenience tore /Restaurant Sold: $2,250,000 3 325 E 4th Ave Severance 4,500 SF General Retail/Service Sold: $1,400,000 Station Copyrighted report licensed to Weld County Assessor's Office - 773079. Page 14 of 17 Comp I 1695 N Watkins Rd Silco Watkins, CO 80137 Service Station Building of $2,400,000 - Research Complete 16,933 SF Sold on 1/29/2015 for k;; : ,u • ayt a 5 $;�,r•, 'ill ♦F/ _ 1 f..- x - 4,.- j _ . buyer Petroleum Wholesale LP 8550 Technology Forest PIS The Woodlands, TX 77381 (281) 681-1000 p ; 1 -- _ 1 N Rs.:. seller Silco Oil Co. 181 E 56th Ave Denver, CO 80216 (303) 292-0500 a vital data Escrow/Contract: Sale Days on Market: Exchange: Conditions: Land Area $/SF Land Year Built, Parking Spaces: Parking Lot Dimensions: Frontage: Tenancy: Comp Date: Acres: Gross: Ratio: - 1/29/2015 674 No SF: 703,494 16.15 $3.41 Age: 1967 40 2.67/1000 FAR 0.02 - - Single ID: 3221680 days Building Pro Forma Actual Down Age: 48 SF No Percent Property Sale Price/SF: Cap Cap Pct Doc Trans Tenants: Improved: Submarket: Map Parcel Price: Status: Rate: Rate: Pmnt: Down: Tax: Corner: Zoning: Page: Type: $2,400,000 Confirmed SF: 14,933 SF $160.72 - - - - No: - - No P -U -D 1 100.0% Northeast Ret - No: 1819-36-4-43-002 Retail income expense data Listing Broker Expenses - Operating - Expenses Total Expenses Taxes $21,978 BRC Real Estate 7374 S Alton Way Centennial, CO 80112 (303) 495-2212 Michael Bright, Dan Clayton $21,978 Buyer Broker RE/MAX Vi ntag e 8326 W Highway 21 Bryan, TX 77807 (281) 376-9900 Mary Rincon co n financing Copyrighted report licensed to Weld County Assessor's Office - 773079. Page 15 of 17 Comp 2 315 Justin Ave Platteville, CO 80651 Convenience Store Research Complete Sold on 10/14/2013 for $2,250,000 - buyer Image Coming. Soon Petroleum Management, LLC 20203 Highway 60 Gilcrest, CO 80623 (970) 737-1090 seller Rose M Hojio 32531 County Gill, CO 80624 (970) 378-7289 Road 55 vital data Sale Date: Escrow/Contract: Days on Market: Exchange: Conditions: Density: Max No of Units: Price/Unit: Lot Dimensions: Frontage Comp ID: 10/14/2013 - - Igo - - - - - - 2874895 Down Topography: Improvements: Off -Site Property Sale Trans Submarket: Map Parcel Price: Status: Pmnt: Pct Down: Doc Corner lmprov: Zoning: Page: Type: Tax: No: No: $2,250,000 Confirmed $562,500 25.0% 3972112 - No Level - Cable, Curb/Gutter/Sidewalk, Electricity, C.. Weld County - 121119312003 Commercial, Convenience Store, Service Station income expense data Listing Broker • No Listing Broker on Deal Buyer Broker No Buyer Broker on Deal financing prior sale Date/Doc No: Sale Price: ComplD: 3972112 $2,250,000 2874895 Copyrighted report licensed to Weld County Assessor's Office - 773079. Page 16 of 17 Comp 3 325 E 4th Ave Severance, CO 80550 Service Station Building of $1,400,000 - Research Complete 4,500 SF Sold on 12/27/2013 for ,,:,." "'`- _ .,oh '"� " Cal a z-~ � - 4 _,� ni . 'ice buyer Metro Gas & Convenience 6363 S Jackson Gap Aurora, CO 80016 (970) 834-1373 Store Ct lr " . f- _^ 11 # I zy� - r 1 -.., ‘' seller DKN Dev LLC clo Karl Schmidt PO Box 2798 Loveland, CO 80539 (303) 287-7400 vital data Escrow/Contract: Sale Days on Market: Exchange: Conditions: Land Area $/SF Land Year Built, Parking Spaces: Parking Lot Dimensions: Frontage: Tenancy: Comp Date: Acres: Gross: Ratio: - 12/27/2013 - Building No - Pro Forma SF: 52,625 Actual 1.21 Down $26.60 Age: 2006 Age: 7 - - FAR 0.09 - Percent - - ID: 2930034 Property Sale Price/SF: Cap Cap Pct Trans Improved: Submarket: Map Parcel Price: Status: Rate: Rate: Pmnt: Down: Doc Tax: Corner: Zoning: Page: Type: SF: No: No: $1,400,000 Full 7,166 $195.36 - - - - 3987017 - No - 85.5% Greeley - 080702142001 Retail Value SF Ret income expense data Listing Broker Expenses - Operating - Expenses Total Expenses Taxes $29,884 $29,884 Buyer Broker financing Copyrighted report licensed to Weld County Assessor's Office - 773079. Page 17 of 17 CALCULATOR METHOD Poi 411 Cob Tit efl I" Erntrm ki Cirl COI b co U, Go I z IC et GOG f w O 0 I U) re I co U, ict it U C co Gasoline pumps, canopies and cashier booths, see Section 64. *Adjust for heat from Page 15. #.6% to U) 2 0 0 ce it) mai 2 CD z C 160'05 L4'17 L6'6£5 1,31719 10_20 12227 776.62 6,01 7.2.15 CO LO ej ,nt- LO 01 C'i ad "c' cc r cv:; CC Ch CO {,CSI es CSI 1,643.34 12.72 152.67 1.235.06 9,56 114,74 700.63 5.42 65.09 Co 0i Co 0 It CC Pti- CI t3? Cii d C's N r mi. CD tC5 C'4 Low chat Concrete block, tilt -up, very plain, Drywall, vinyl m,position ails Minimum lighting, no plumbing None little glass pain play area shell k veneer, EIFS, siding, mostly Drywall, acoustic ceiiing4 vinyl Good lighting and plumbing None al and glass walls. good playroom co or siding, good glass areas Drywall some acoustic tile, Adequate lighting, no plumbing None ceramic pavers, plain playroom Low cost Stucco or siding, very plain, little Drywall, vinyl composition tiie� Minimum lighting, no plumbing None glass plain play area shell cx�d Steel frame, mostly metal and Drywall, acoustic ceiling, vinyl Good lighting and plumbing glass, metal panels walls, good playroom Goo d Decorative block, brick, mostly Drywall, acoustic ceiling, vinyl Good I metal and glass walls, good playroom Ci.) di .52 0 ti 0. 0) 0 iu a) Os 0 n co Q 4 — CO CI; U) •i'-i 0 03 a. Q} U- y j tO 60, cri -m 0 C iC• c 7:11 L` 8 43 �0 , E to 7-3 Jei 0 I_I cn C) is 'x In a. — w C a��yj C � f 21 2 so E 2 CD 713 T • •� C lY tp CI O W ai ta To' la as O 0 Z GENERAL INFORMATION SPRINKLERS eL 03 a) U) V 0 C13 Ll O C fee T [mac co 41) tri E �u CL (0 C > , C!i Z4 45 03, Q) cr rsi n i.i al i< I- 1-+ cMee , It 8 0- 0 E se. 2 t:, .o c in Co 'i c 0 al It C CD E p 'C E c '` >III Di a) o E csi d) L Q. 0 4 Q ca EL .p C Z 0 Q0) IC C 03 0 ,. et 0C a `5 Y- -ii coy2 0 c C?) '— . v cc. O EQUIPMENT C co 0 it 60 ai CO a) F E E a. (03 C flU co a V C13 E 141 d 4 I I • oz 1r tz 1.4 r.. 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CZ C'V .C nU To X13 f3 Ca 'E i Co r tU 0 E Pas Li ed co 03 o to 4 1,413.53 10.94 131.32 1,202 66 9.31 11173 I 03 C J 0) P- 2 GO Nw Ni C.C5 1 1,143.14 8.85 106 .20 94712 7.33 87.9'9 I 802 35 6.21 74.54 1,373.06 10.63 127.56 CCD P 0 re c4 it �- 1- 936 25 7 25 $8.98 r-, 'i 0 co 2 Ito ci cri N t'J (0 0 In ; ir co 1- i—nt U.) :i" IL ciel III LIU z Excellent Best block or concrete, masonry trim, Good finish, drains and sump, small Good electrical, good commercial Space good tunnel doors, roof and trim storage, office and/or waiting area fixtures and outlets heaters Good doors, block or tilt -up, tunnel Unfinished, concrete floor, good drains Good lighting and outlets, adequate Space doors, good roof and trim and sump water heaters Average Open ends, block or low --cost brick, Unfinished, concrete floor drains, sump Adequate electrical and water service None roof cover, little trim and outlets Low cost Side walls only, concrete block, Unfinished, concrete floor, adequate Adequate electrical and water service None shed or fiat roof, very plain drains and outlets Good Good stucco, siding or brick Unfinished, concrete floor, good drains Good lighting and outlets, adequate Space veneer, tunnel doors, good roof and sump water heaters Average Open ends, stucco or siding, Unfinished, concrete floor, drains, sump Adequate electrical and water service None average roof cover and outlets Low cost Side walls only, low-cost siding Unfinished, concrete floor, drains Adequate electrical and water None Excellent Best steel, masonry trim, good tunnel Good finish, drains and sump, small Good electrical, good commercial Space doors, roof and trim storage, office and/or waiting area fixtures and outlets heaters Good doors, metal and steel frame, tunnel Unfinished, concrete floor, good drains Good lighting and outlets, adequate Space doors, good roof and trim and sump water heaters Average Open ends, enameled siding on Unfinished, concrete floor drains, sump Adequate electrical and water service None light frame, little trim acrd outlets Side walls only, low-cost siding on Unfinished, concrete floor, adequate Adequate electrical and water service Low cost steel frame, shed or flat roof drains and outlets None Cheap Light pre-engineered metal bldg. Unfinished, concrete floor, drains Minimum electrical and water service _l'one CO 2 0L igi 2 I O J W 0 Ce LLI II— RIOR WALLS 1 LLI I— OC0 Cia)U) U) w I cc co co N vi T en 6 cs iii at N Y 994.49 7.70 @2.39 I 11/2 - 7- to 0, La co c d N- w 612.47 4.74 56.90 937.01 7.25 87 , 05 719.68 5.57 66,86 56$.23 4A0 52.79 937.22 7.26 87.07 703.75 5.45 65.38 543.04 420 50.45 —I Excellent Best block or brick, masonry or ELF Unfinished, concrete floor, good drains Good electrical, good commercial Space trim, good tiled bays and roof and sump, equipment room fixtures heaters Good Decorative block or brick, bay Unfinished, concrete floor, good drains Good lighting and outlets, adequate Space doors, good roof and sump, equipment room water heaters End and baywalls only, block or low- Unfinished, concrete floor, adequate Adequate electrical and water service Average cost brick, average roof cover, trim drains and sump, equipment room and outlets None Low cost End and half -bay walls only, Unfinished, concrete floor, adequate Adequate electrical and water service None concrete block, shed or flat roof drains, sump, equipment room and outlets Good Good stucco, siding or brick veneer, Unfinished, concrete floor, good Good lighting and outlets, adequate Space bay doors, good rood drains and sump, equipment room water heaters [AverageEnd and bay walls only, stucco or Unfinished, concrete floor, adequate Adequate electrical and water service None siding, average roof and trim drains and sump, equipment room and outlets End and half -bay walls only, low- Unfinished, concrete floor, adequate Adequate electrical and water service None Low cost cost siding or stucco drains, sump, equipment room and outlets Good Good metal and steel frame, bay Unfinished, concrete floor, good Good lighting and outlets, adequate Space doors, good roof drains and sump, equipment room water heaters Average End and bay walls only, enameled Unfinished, concrete floor, adequate Adequate electrical and water service None siding on light frame drains and sump, equipment room and outlets End and half -bay walls only, low- Unfinished, concrete floor, adequate Adequate electrical and water service Low cost cost siding on steel frame drains, sump equipment room and outlets None (4) O Nit a C) E C� Cy Mo 0, mia 11t W L Vr W C� 2 rn lam N tei aft tR�ti frit .b tz za whiz, 4 � l ce •t CI' T„ „i .21 2441 tb .y 411 114 b.* 4; ic.rtz .141 Zosi ht.) 1-J 66.0 tlY 114 3u, 7 r ilk W >i* W t� U Z U W 0. 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I 5 / • • I I , I P 1 .C C C , I P I C ;r•al1 , MI T , D a C0 CO O a -gym° F- C a2 0 u 0 Sc,) • .C t I n •iv t CO co 603 CL CO 00u) I 00 I LoCcL) Irr0I 1- I�t- t incite) o I°•,tOLoco N• I- c I Nt- Tt r) u) Tr It 01 LOLO 'Cr', "Cr LO' Id'M)t 1at• (Doc 1000 ; U Jo I WICOua I cra�1O I CO CO I cloth loom loco to coo I cn(Ou) I coo I, - a i I. a a i a a a a 4 i I a i i I a • . a a I a a • r a • R a Y 1 • a I' • I • • - • • I Y - • • a I I B a a a • • • • I • • a a Cl . • • P • • • a ts 4 I its a I 1 w . / • • •: 1 I : I 5�•II1 1 I E • • • o I I Lap•,f • / I : 4 . If 1��/ II n • • y j f I w • • • • INt tsim ni Ars st Lta its 4.1 2.O .115 jtE tat lac fic 64 go tet '7Ife NOTICE 4Of DETERMINATION Christopher M. Woodruff Weld County Assessor 1400 N 171h Ave Greeley, CO 80631 Date of Notice: 6/27/2018 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM — 5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R8944040 2018 0650 Lot 2 RUSH AMD COMM AT SW COR LOT 2 N00 321.32 N89D14E 337.2 489.48 it _ z . o w IL O. Q. SUN DEVELOPMENT LP C/O O'CONNOR & ASSOCIATES PO BOX 4456 HOUSTON, TX 77210-4456 D54W 172.20 N18045E 8 S00D17 E 479.99 S88D58W 665 31ST ST EVANS , CO PROPERTY CLASSIFICATION r. SESSOR'S VALUATION ACTUAL VALUE.PRIOR TO REVIEW :- ACTUAL VALUE AFTER REVIEW COMMERCIAL 2,032,940 2,032.940 TOTAL 2,032,940 2,032,940 1'he 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: CN105 - The law requires that data from. Jan 2015 to June 2016 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): O'CONNOR & ASSOCIATES 2200 NORTH LOOP W STE 200 HOUSTON, TX 77018-1754 cL,a) 2/90 - 94b • (1.0S5 ,w,e0a,c49 15-DPT-AR PR 207-08/13 R8944040 ECEIVED JUL 1 9 1018 ELD COUNTY MMISSIONERS 2018-2350 a-501OO APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 30th through August 3ih 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/apps!/oboe/ 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.govlbaa telephone number. Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2016? (Your opinion of value in terms of a spec' is d II o� uired for real property pursuant to § 39-8-106(1.5), C.R.S.) Wha is the b sis 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 roil, original installed cost, appraisal, etc.) I, the u and on ATTESTATION er or agent' of the property identified above, affirm that the statements contained herein nts hereto are true an complete. 619 - 39Z-/ozA( Signature elephone Number 1- C P�stoa�, —. Email Address ' Attach letter of authorization signed by property owner Date 15-DPT-AR PR 207-08/13 R8944040 May 1, 2018 To Whom It May Concern: Please see the attached list of account numbers and make the appropriate changes on the accounts to reflect O'Connor & Associates has the general powers to represent me in the property tax matters including the following for Tax Year 2018. 1) File notices of protest and present before the appraiser review board. 2) Negotiate and resolve disputed tax matters. Mail confidential notices to the owner's address of — Petroleum Wholesale LP / Sun Development Attn: Jennifer Arnold P.O. Box 4456, Houston, TX 77210 - including all property tax notices for these properties, appraisal notices, and appraisal review board orders and hearing notices, and correction notices, tax statements, rendition forms, and any other documents the client should be receiving. If there are any issues in making these changes to my accounts or if you have any questions or concerns about the accounts, please contact Denise Tondera or O'Connor & Associates at 713-375-4033 or dtonderaCcpoconnor.com and advise her of the issues so we can get it resolved as soon as possible. Thank your your Ryan Edon Petroleum Wholesale LP PETROLEUM WHOLESALE L.P. P.O. Box 4456 • Houston, TX 77210 8550 Technology Forest Place • The Woodlands, Texas 77381 Telephone: (281) 681-1000 • FAX: (281) 681-1020 Parcel Number f " " ( ' ` Property Owner Sun Development LP Property Address 665 31st st Property City, State Evans, Colorado County Weld Section 1 Occupancy IConvenience Store/Restarurant Class Class C- Average Base Rate ($/sq. ft.) Base Area (sq. ft.) N umber of Stories $91.00 13,271.00 1.00 Actual Year Built 1999 Effective Year 1999 Physical Obsolescence (Adjustment % Good) 100% Functional Obsolescence (Adjustment % Good) i Economic Obsolescence (Adjustment % Good) Total Improvements Value With Proper Depreciation Adjustments Section 2 Occupancy 100% 100% 72% $869,515.92 Class Car Wash- Automatic Class C- Average Base Rate ($/sq. ft.) Base Area (sq. ft.) N umber of Stories Height Land Height 1 $122.00 1,250.00 1.00 Actual Year Built 1999 Effective Year Physical Obsolescence (Adjustment % Good) Functional Obsolescence (Adjustment % Good) Economic Obsolescence (Adjustment % Good) d Total Improvements Value With Proper Depreciation Adjustments Section 3 Occupancy (Improvement Type) 1999 100% 100% 100% 30% $45,750.00 Base Rate ($/sq. ft.) Base Area (sq. ft.) N umber of Stories Class (Construction Class/Quality) Height Actual Year Built Effective Year Physical Obsolescence (Adjustment % Good) Functional Obsolescence (Adjustment % Good) Economic Obsolescence (Adjustment % Good) 100% 100% 100% Total Improvements Value With Proper Depreciation Adjustments $0.00 Units (sq. ft.) 210307.68 Acres 4.83 Base Rate ($/sq. ft.) $3.50 Total Land Value After Adjustment $736,068.00 Summary Buildings $915,265.92 Extra Features Total Improvements $915,265.92 Land $736,068.00 Total Market Value $1,651,333.92 PLACE STICKER AT TOP OF ENVELOPE TO THE RIGHT OF THE RETURN ADDRESS. FOLD AT DOTTED LINE FIRS! 5S M1A.I1. O tux I I CERTIFIED MAIL • 1= SERVICE RE QUESTED Il 8 7017 2620 0001 0635 336' 2200 North Loop West, Suite 200 Houston, Texas 77018 \WA) opodoc\c &A.(2D 6%)4ct-viAtio l\C svp;€71 � r> Gos(12p__E-6 LE(I 0). gbG3I �g O ILIVI CC CC 11. a neopose 07 115O01 US POSTAGE am," lililliiiij jiffs ,ill ;''llill; a•if/ i/ii/iiiiii f:''Ji $007.41'= ZIP 77018 041M1 ,25l'73y July 23, 2018 Agent: Petitioner: O'CONNOR & ASSOCIATES 2200 NORTH LOOP W STE 200 HOUSTON, TX 77018-1754 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.co.weld.co.us 1150 O STREET P.O. BOX 758 GREELEY CO 80632 SUN DEVELOPMENT LP C/O O'CONNOR & ASSOCIATES PO BOX 4456 HOUSTON, TX 77210-4456 RE: THE BOARD OF EQUALIZATION 2018, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket #: 2018-2350, AS0097 Appeal #: 2008217972 Hearing Date: 8/2/2018 10:00 AM Account(s) Appealed: R8944040 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 2, 2018, at or about the hour of 10:00 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2018, and mailed to you within five (5) business days. Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you have questions, call (970) 353-3845. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of County Commissioners cc: Christopher Woodruff, Assessor July 23, 2018 Petitioner: SUN DEVELOPMENT LP C/O O'CONNOR & ASSOCIATES PO BOX 4456 HOUSTON, TX 77210-4456 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.co.weld.co.us 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): O'CONNOR & ASSOCIATES 2200 NORTH LOOP W STE 200 HOUSTON, TX 77018-1754 RE: THE BOARD OF EQUALIZATION 2018, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket #: 2018-2350, AS0097 Appeal #: 2008217972 Hearing Date: 8/2/2018 10:00 AM Account(s) Appealed: R8944040 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 2, 2018, at or about the hour of 10:00 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2018, and mailed to you within five (5) business days. Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you have questions, call (970) 353-3845. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of County Commissioners cc: Christopher Woodruff, Assessor BOE SUMMARY SHEET Docket #: 2018-2350 Primary Owner: 3o \ OevelpvY + Agent (if applicable): O'COrrvvO r et- O.SSOq . Hearing Date: 8/2/2018 10:00 AM HEARING ATTENDED? ( Yj N ) NAME: f (A APPRAISER: SAG DECISION Actual Valuation Account # Approved by Assessor Set by Board R8944040 COMMENTS: MOTION BY SECONDED BY'6(1_,- Failed to prove appropriate value No comparables given Assessor's value upheld �COther: $2,032,940 O 3Q, 9(-10 TO ativt.iex Aer-e-e-0„4.4-) Conway -- VIN) Cozad -- N) Freeman -- (ON) Kirkmeyer -- (/N) Moreno -- 0/N) Qdml n 40.4• 7;61. I rntues+ert l� j QA1 i I QaSt nn;vi v •te • Hello