HomeMy WebLinkAbout20172429.tiffAugust 15, 2017
FR FREDERICK LLC
0/0 FIRST INDUSTRIAL REAL
8226 PARK MEADOWS DR
LONE TREE, CO 80124-2746
Dear Petitioner(s):
Based upon information furnished to
you have withdrawn the petition cha
be informed that a withdrawn petition
Account number for this assessment
on your petition and the assessed ve
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Clerk to the Board
Weld County Board of County Coma
cc: Christopher Woodruff, Asses!
CUSHMAN & WAKEFIELD C
C/O LAUREN K BARNARD -
225 W WACKER DRIVE STE
CHICAGO, IL 60606-3007
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August 15, 2017
CLERK TO THE BOARD
PHONE (970) 336-7215, EXT 4226
FAX (970) 352-0242
WEBSITE: www.co.weld.co.us
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
FR FREDERICK LLC
C/O FIRST INDUSTRIAL REALTY TRUST INC
8226 PARK MEADOWS DR
LONE TREE, CO 80124-2746
Account No.: R7433398
Dear Petitioner(s):
Based upon information furnished to the Weld County Board of Equalization, we understand that
you have withdrawn the petition challenging the valuation of the above Account number. Please
be informed that a withdrawn petition precludes any further challenge to the valuation of the above
Account number for this assessment period. Therefore, the Board of Equalization took no action
on your petition and the assessed value remains as set by the Assessor.
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Clerk to the Board
Weld County Board of County Commissioners
cc: Christopher Woodruff, Assessor
CUSHMAN & WAKEFIELD OF ILLIONOIS, INC
C/O LAUREN K BARNARD - PROPERTY TAX SERVICES
225 W WACKER DRIVE STE 3000
CHICAGO, IL 60606-3007
2017-2429
AS0097
From: Gil Licudine
To: Susan Gundrv; Millie Channell
Subject: RE: R7433398 4001 Salazar Way, Frederick, CO
Date: Monday, July 31, 2017 12:36:36 AM
Importance: High
Sue —
We would like to withdraw the appeal pending on the property referenced above.
Please send confirmation of the withdrawal. Thank you.
Gil Licudine
Managing Director
Midwest Regional Leader, Property Tax Services
Direct: +1 312 470 2337
Mobile: +1 312 859 0166
gil.licudine ancushwake.com
225 W. Wacker Drive, Suite 3000
Chicago, IL 60606 I USA
From: Susan Gundry [mailto:sgundry@weldgov.com]
Sent: Friday, July 28, 2017 1:26 PM
To: Gil Licudine; Millie Channell
Subject: RE: R7433398 4001 Salazar Way, Frederick, CO
Thank you Gil.
Susan Gundry
Property Appraiser
Commercial Division
Weld County Assessor's Office
1400 N. 17th Avenue
Greeley, CO 80631
970-400-3676
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
°2o/ 7- O2 ��!
strictly prohibited.
From: Gil Licudine [mailto:Gil.Licudinec cushwake.com]
Sent: Friday, July 28, 2O17 11:46 AM
To: Millie Channell <mchannell@weldgov.com>; Susan Gundry <sgundrvPweldgov.com>
Subject: RE: R7433398 4OO1 Salazar Way, Frederick, CO
Millie, Sue —
I have emailed our client recommending that our appeal be withdrawn and will let you know as soon
as I hear back.
Gil Licudine
Managing Director
Midwest Regional Leader, Property Tax Services
Direct: +1 312 470 2337
Mobile: +1 312 859 0166
gil.licudine@cushwake.com
225 W. Wacker Drive, Suite 3000
Chicago, IL 60606 I USA
From: Millie Channell [mailto:mchannellkweldgov.com]
Sent: Thursday, July 27, 2O17 4:37 PM
To: Gil Licudine
Subject: RE: R7433398 4OO1 Salazar Way, Frederick, CO
Hi Gil,
I am out of the office tomorrow, but my co-worker Sue will be here. Please call her tomorrow
morning and her phone number is 970-400-3676.
She will reiterate what my email to Lauren stated.
Thank you.
Millie
eftan w
Property Appraiser
Commercial Division
Weld County Assessor's Office
970-400-3685
Confidentiality Notice: This electronic transmission and any attached documents or other writings
are intended only for the person or entity to which it is addressed and may contain information that
is privileged, confidential or otherwise protected from disclosure. If you have received this
communication in error, please immediately notify sender by return e-mail and destroy the
communication. Any disclosure, copying, distribution or the taking of any action concerning the
contents of this communication or any attachments by anyone other than the named recipient is
strictly prohibited.
From: Gil Licudine[mailto:Gil.LicudinePcushwake.com]
Sent: Thursday, July 27, 2017 3:33 PM
To: Millie Channell <mchannell@weldgov.com>
Subject: RE: R7433398 4001 Salazar Way, Frederick, CO
Millie —
Thank you for the follow-up, and sorry for missing your calls.
I'm out of the office today but will be back tomorrow. I will call you tomorrow morning. Thanks for
your patience!
Gil Licudine
Managing Director
Midwest Regional Leader, Property Tax Services
Direct: +1 312 470 2337
Mobile: +1 312 859 0166
gil.licudine@cushwake.com
225 W. Wacker Drive, Suite 3000
Chicago, IL 60606 I USA
From: Millie Channell [mailto:mchannell(weldgov.com]
Sent: Thursday, July 27, 2017 11:51 AM
To: Gil Licudine
Subject: R7433398 4001 Salazar Way, Frederick, CO
Good morning Gil,
Could you please call me to discuss this appeal? Thank you.
Millie
✓vt�eGe eft«nnePC
Property Appraiser
Commercial Division
Weld County Assessor's Office
970-400-3685
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.
The information contained in this communication is confidential, may be privileged and is
intended for the exclusive use of the above named addressee(s). If you are not the intended
recipient(s), you are expressly prohibited from copying, distributing, disseminating, or in any
other way using any information contained within this communication. If you have received
this communication in error please contact the sender by telephone or by response via mail.
We have taken precautions to minimize the risk of transmitting software viruses, but we
advise you to carry out your own virus checks on any attachment to this message. We cannot
accept liability for any loss or damage caused by software viruses.
From: Lauren Barnard
To: Millie Channell
Cc: Gil Licudine
Subject: RE: R7433398 4001 Salazar Way, Frederick, CO TSN
Date: Monday, July 24, 2017 11:50:49 AM
Millie —
I have resigned, and my colleague, Gil Licudine (copied), will be taking over on this appeal going
forward. Per our discussion, the County is only interested in comparable sales and the income
approach, and little to no weight is given to uniformity. Also, a phone hearing may be an option, and
you would like Gil to call you to set that up.
Gil's contact information is:
• Email — Gil.LicudinePcushwake.com
• Phone — (312) 470.2337
Thank you,
Lauren Barnard, CMI
Associate Director
Property Tax Services
Direct: +1 312 470 2378
Mobile: +1 312 718 6604
Fax: +1 312 470 3800
Jauren.barnard@cushwake.com
225 W. Wacker Drive, Suite 3000
Chicago, IL 60606 I USA
From: Millie Channel) [mailto:mchannell@weldgov.com]
Sent: Thursday, July 20, 2017 11:35 AM
To: Lauren Barnard <Lauren.Barnard@cushwake.com>
Subject: R7433398 4001 Salazar Way, Frederick, CO TSN
Dear Ms. Barnard,
My name is Millie Channell and I am the commercial appraiser handling the appeal for the above
mentioned parcel. We did see an increase in land values throughout Weld County in the sales that
occurred from 1/1/2015-6/30/2016. There was an increase in 2017 values. For 2015/2016 value we
had this valued at $39.04/sf. For 2017, I increased this to $41.29/sf. Using the income provided for
2015 and using a cap rate of 7.5%, this totally supports the 2017 value.
I looked at sales for the market approach and I have sales from 90,922 sf to 200,316 sf buildings that
support $65-$82 per square foot.
Please call me and we can discuss this at 970-400-3685.
Thank you for your time.
Millie
Atseete a«.nzee
Property Appraiser
Commercial Division
Weld County Assessor's Office
970-400-3685
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.
The information contained in this communication is confidential, may be privileged and is
intended for the exclusive use of the above named addressee(s). If you are not the intended
recipient(s), you are expressly prohibited from copying, distributing, disseminating, or in any
other way using any information contained within this communication. If you have received
this communication in error please contact the sender by telephone or by response via mail.
We have taken precautions to minimize the risk of transmitting software viruses, but we
advise you to carry out your own virus checks on any attachment to this message. We cannot
accept liability for any loss or damage caused by software viruses.
From: BAA, DOLA
To: Chris Woodruff; Esther Gesick
Subject: 2nd Notice of Determination received from Weld County property owner in error
Date: Monday, July 17, 2017 2:32:15 PM
Attachments: FR Frederick LLC co First Industrial Realty Trust Inc Weld County Assessor Notice of Determination.odf
Good Afternoon,
The attached Notice of Determination for FR Frederick LLC c/o First Industrial
Realty Trust Inc. was received in our office July 17, 2017 (postmarked July 13,
2017). We are forwarding it to your office for action, as it was sent to us in error.
Thank you,
Board of Assessment Appeals
0 (303) 864-7710 I F (303) 864-7719
1313 Sherman Street, Room 315, Denver, CO 80203
BAAPstate.co.us I www.colorado.gov/dola/baa
NOTICE OF DETERMINATION
Christopher M. Woodruff
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
Date of Notice: 6/30/2017
Telephone: (970) 353-3845
Fax: (970) 304-6433
Office Hours: 8:00AM — 5:00PM
ACCOUNT NO.
TAX YEAR
TAX AREA
LEGAL DESCRIPTION/ PHYSICAL LOCATION
R7433398
2017
1459
FR FREDERICK LLC
C/O FIRST INDUSTRIAL REALTY TRUST INC
8228 PARK MEADOWS DR
LONE TREE, CO 80124-2746
FRE DCS LOT 1 DEL CAMINO SOUTH
4001 SALAZAR WAY
FREDERICK . CO
PROPERTY CLASSIFICATION
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER
REVIEW REVIEW
COMMERCLAL
7,838,884
7,836,884
TOTAL $7,836,684 57,836,684
The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessor's determination of value after review is based on
the following:
CMO5 - 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):
CUSHMAN & WAKEFIELD OF ILLIONOIS, INC
CIO LAUREN K BARNARD - PROPERTY TAX
SERVICES
225 W WACKER DRIVE STE 3000 16-DPT-AR
111 nn A es^ it e'en," nn. ,111•1-1 PR 207-08/13
R7433398
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APPEAL PROCEDURES
County Board of Equalization Hearings will be held from
July 24th through August 4th 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: httpj/www.co.weld.co.uslapps, cboe
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.aov/baa telephone number.
Binding Arbitration
For a list of arbitrators, contact the County Commissioners at the address listed for the County Board
of Equalization.
If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document
falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed
on the next business day, c 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
specific dollar amount is required for real property pursuant to § 39-8-108(1.5), C.R.S.)
5_644=0.9.0_35F)
What Is the basis for your estimate of value or your reason for requesting a review? (Please attach
additional sheets as necessary and any supporting (Jocumentation, i.e., comparable sales, rent roll, original
installed cost, appraisal, etc )
Subject is assessed at a higher value per square foot than comparable properties in the area.
I, the and
and_or}
ATTESTATION
or agent' of the property identified above affirm that the statements contained herein
enik hereto are true and complete.
(312) 470.2378
Signature
Lauren.Bamard@cushwake.com
711112017
Telephone Number Date
Email Address
' Attach letter of authorization signed by property owner
16-DPT-AR
PR 207-08113
R7433398
Scot via Oev Aid (& ) To I 4/0 000 LI
LETTER OF AUTHORIZATION
This is to authorize:
Cushman & Wakefield of Illinois, Inc.
Property Tax Services
225 W. Wacker Drive, Suite 3000
Chicago, IL 60606
To act on our behalf as our agent in assessment matters related to the address and parcel
number noted below which is either owned, possessed, or controlled by the undersigned. This
agent is delegated full authority to handle all real estate and personal property tax matters
relative to assessments.
This authorization precludes any other authorizations previously filed. We authorize this agent to
handle appeals with our express consent.
Address: 4001 Salazar Way, Frederick, Colorado 80504
Parcel Number. 131314301001
Name: Jeffrey M Healy
Title: Asst Treasurer
Company: TSN West. LLC
Address: One City Place Drive, #200
St. Louis, MO 63141
Signature:
Date: 5-'30 f l
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July 21, 2017
Petitioner:
FR FREDERICK LLC
C/O FIRST INDUSTRIAL REALTY TRUST
INC
8226 PARK MEADOWS DR
LONE TREE, CO 80124-2746
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):
CUSHMAN & WAKEFIELD OF
ILLIONOIS, INC
C/O LAUREN K BARNARD -
PROPERTY TAX SERVICES
225 W WACKER DRIVE STE 3000
CHICAGO, IL 60606-3007
RE: THE BOARD OF EQUALIZATION 2017, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket #: 2017-2429, AS0097 Appeal #: 2008216955 Hearing Date: 8/2/2017 3:00 PM
Account(s) Appealed:
R7433398
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of AUGUST 2, 2017, at or about the
hour of 3:00 PM, 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, 2017, 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
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