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Home My WebLink About20172368.tiffAugust 9, 2017 Petitioner: HP COLORADO I LLC 180 N STETSON AVE STE 3650 CHICAGO, IL 60601-6709 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): RYAN, LLC 500 E BROWARD BLVD STE 1130 FORT LAUDERDALE, FL 33394-3000 RE: THE BOARD OF EQUALIZATION 2017, WELD COUNTY, COLORADO NOTICE OF DECISION Docket #:.2017 2369 Appeal #: 2008217042 Hearing Date: AD/ 7-.2364' 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 2017. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R3960605 Stipulated - Approved Stipulated Value $406,185 $390,000 A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30) days of the date the denial is mailed to you. You must select only one of the following three (3) options for appeal: 1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to the Court of Appeals pursuant to C.R.S. 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, azaii,„„e Esther E. Gesick, Clerk to the Board Weld County Board of County Commissioners and Board of Equalization Cc: Christopher Woodruff, Weld County Assessor 2 1 COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R3960605 STIPULATION (As To Tax Year 2017_ Actual Value) RE PETITION OF ; NAME: HP Cdorado I LLC ADDRESS: 2115 61st Avenue Greeter, CO 80634 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2017 valuation of the subject property, and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner (s) and Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: OR ORM L21 BLK 4 OWL RIDGE MINOR w _ 2. The subject property is classified as residential property, 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2017: Total $406,18500 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2017 actual value for the subject property: Total $390,000,00 5. The valuation, as established above, shall be binding only with respect to tax year 2017. 6. Brief narrative as to why the reduction was made: Agreed with the owner to adjust value closer to the sales price of the subject which sold at the end of the base period. 7. Both parties agree that: The hearing scheduled before the Board of Equalization on be vacated. ■ at R3960605 hearing has not yet been scheduled before the Board of Equalization. 1 • 9 i JA T 19 `� O f July , 2017 _- Petrtioner(s) or Agent or Atto/ney Address: 2116 81st Avenue Greeley, CO 80634 Telephone: 83960605 Assistant) County Attorney fo Respondent, Weld County Board of Commissioners Address: 1150 "O" Street P.O. Box 758 Greeley, CO 80632 Telephone:(970) 336-7235 County Assessor Address: 1400 N.l7th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 2 R From: To: Subject: Date: Attachments: weld-cboe@weldgov.cem CT8-County Board of Equalization Board of Equalization Appeal Submitted Friday, July 14, 2017 12:53:22 PM 1109 Walnut St.pdf 1700 Alpine Dr.pdf 1920 86th Ave.pdf 2115 81st Ave.pdf 2497 Vale Way.pdf 300 Fieldstone Dr.pdf 335 Laurel Ave.pdf 37201 Northwest Dr.pdf 423 S Maple Ave.pdf 838 Willow Dr.pdf Colorado LOAs.pdf Appeal Submitted: 12:52 PM on Friday July 14, 2017 Contact Information Supplied: • Contact Name: Ryan LLC Agent • Contact Email: ResidentialAppeals@ryan.com • Contact Phone: (954) 740 - 6240Ext. 272030 • Email Preference: Contact through email Property: R1458386 - 1 109 WALNUT ST , WINDSOR Legal: WIN W4-55 L55 BLK4 WINDSOR WEST Estimated Value: $258,800 Reason: Based on the property's purchase price and supported by market data, the petitioner does not agree with the property value. R2964204 - 1700 ALPINE DR , ERIE Legal: ERI 1 HVR L4 BLK 1 VISTA RIDGE FG# 1 H 1ST AMD Estimated Value: $469,900 Reason: Based on market data, the petitioner does not agree with the property value. R2607203 - 1920 86TH AVE , GREELEY Legal: GR 1MS Li BLK7 MOUNTAIN SHADOWS 1ST FG Estimated Value: $258,850 Reason: Based on the property's purchase price, the petitioner does not agree with the property value. R3960605 - 2115 81ST AVE , GREELEY Legal: GR ORM L21 BLK 4 OWL RIDGE MINOR Estimated Value: $373,500 Reason: Based on the property's purchase price, the petitioner does not agree with the property value. R3212504 - 2497 VALE WAY , ERIE Legal: ERI 3VR L18 VISTA RIDGE FG #3 Estimated Value: $527,500 Reason: Based on the property's purchase price, the petitioner does not agree with the property value. R715319 300 FIELDSTONE DR , WINDSOR Legal: WIN BFS L4 BLK9 BRUNNER FARM SUB Estimated Value: $310,700 Reason: Based on market data, the petitioner does not agree with the property value. R8325200 - 335 LAUREL AVE , EATON Legal: ETN EC L28 BLK6 EATON COMMONS SUB Estimated Value: $231,800 Reason: Based on market data, the petitioner does not agree with the property value. R0737786 - 37201 NORTHWEST DR WELD Legal: 3NW-6A L6A NORTHWEST ESTATES 3RD FG Estimated Value: $331,300 Reason: Based on market data, the petitioner does not agree with the property value. R0880401 80401 - 423 S MAPLE AVE , EATON Legal: ETN MWE L14 BLK6 MAPLEWOOD ESTATES Estimated Value: $277,900 Reason: Based on market data, the petitioner does not agree with the property value. R0502101 - 838 WILLOW DR , LOCHBUIE Legal: LOC 3HP L6 BLK29 HIGHPLAINS FG #3 Estimated Value: $233,900 Reason: Based on market data, the petitioner does not agree with the property value. Documents 1.) 1109 Walnut St.pdf 2.) 1700 Alpine Dr.pdf 3.) 1920 86th Ave.pdf 4.) 2115 gist Ave.pdf 5.) 2497 Vale Way.pdf 6.) 300 Fieldstone Dr.pdf 7.) 335 Laurel Ave.pdf 8.) 37201 Northwest Dr.pdf 9.) 423 S Maple Ave.pdf 10.) 838 Willow DDr.p& You have selected the following Date Preferences: Agent letter: Colorado LOAs.pdf Weld County Assessor Hearing Information Submission For HPA Borrower 2016-2 LLC 2115 81st Ave Parcel No. 095917213021 Current Market Value $406,186 Taxpayer's Value $ 373,500 Date Submitted 5/30/2017 By Robert Peyton Phone: 954.476.4265 ResidentialAppeals@Ryan.com 500 E. Broward Blvd, Suite 1130 Ft. Lauderdale, FL 33394 Weld County Assessor Tuesday, May 30, 2017 RE: VALUE ADJUSTMENT BOARD - SUMMARY OF EVIDENCE STATE: PARCEL NO: CO CITY: Greeley OWNER'S 095917213021 NAME: H PA► Borrower 2016-2 LLC Accompanying this letter are the copies of the comparable sales analysis and/or purchase documentation which are submitted in support of the petition for adjustment of the current property tax assessment/ as referenced above. Acquired Date :06/29/2016 Acquired Price: $373,500 We would appreciate copies of all documents which the Property Appraiser intends to submit at the hearing in support of the current property tax assessment for this property. Please contact our office to discuss any issues, recommendations or negotiations regarding this petition. Contacts: Robert Peyton: valuation related issues and/or negotiations: email address or phone number indicated below Barbra Blandino: all administrative issues: 954-740-6240 ext. 27-2030 or email address indicated below Sincerely, Robert Peyton Manager 500 E Broward Blvd, Ste 1130 Fort Lauderdale, FL 33394 Direct Line: (954) 476-4265 Email: ResidentialAppeals@ryan.com LETTER OF AUTHORIZATION FOR PROPERTY TAX REPRESENTATION Home Partners GA 2015 LLC; HP Colorado I LLC; HPA Borrower 2016 ML LLC; HPA Borrower 2016-1 LLC; Property Owner See Attached Property List Subject Property Colorado Jurisdiction and State 2017 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: Bob Peyton, (954) 476-4265, Bob.Peyton©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. Pro s er ty Owner: Signature Prfited Name E Date Title Sworn and subscribed before me this "OFFICIAL Lika PECIF o HERNANDEZ No Pblic Notary Public, State of Illinois 10 2, ° corr�rriission e c fires: 4_. expires: day of j 2014. tvIy Commission Expires 4/19/2020 Client: Home Partners of America Site: See Attached Parcel List Weld Coun --4.)! , PROPERTY TY PORTAL Property Information (970) 400-3650 Technical Support (970) 400-4357 Account: R3960605 July 14, 2017 Account Parcel Space Account Type Year Buildings Actual Value Assessed clue Value R3960605 09591721 021 Residential 2017 1 406,185 29,250 Legal GR ORM L21 BLIP 4 OWL RIDGE MINOR Subdivision Block Lot Land Economic Area OWL RIDGE MINOR SUB FINAL PLAT 4 21 OWL RIDGE MINOR SUB Property Address Property City Zip Section Township Range 2'115 81ST AVE GREELEY 17 05 66 Reception Rec Date I Type Grantor Grantee Doc Fee Sale Date Sale Price 3319126 SUB SUBDIVISION Iv1INOR O WL RIDE 0.00 0 3434528 11-14-2006 WD TSM DEVELOPMENT LLC JENNIFER HOME LLB 12.00 11-10-2006 120,000 3513819 10-26-2007 WD JENNIFER HOMEIE LLB DAVIS TIM I ' 41.50 10-25-2007 415,000 TH 3581373 10-01-2008 P'TD GELD CO PUBLIC TRUSTEE FEDERAL HOME E MORTGAGE CORPORATION 0.00 09-30-2008 0 3597199 12-30-2008 SWD FEDERAL HOME MORTGAGE CORPORATION LOAN MILLER KEVIN 28.02 12-16-2008 280,200 4218528 07-13-2016 WD MILLER S KEVIN I HP LL COLORADO 37.35 06-29-2016 373,500 Copyrights 2017 Weld County, Colorado. All rights reserved. Privacy Policy & Disclaimer I Accessibility Information LETTER OF AUTHORIZATION FOR PROPERTY TAX REPRESENTATION Home Partners GA 2015 LLC; HP Colorado I LLC; HPA Borrower 2016 ML LLC; HPA Borrower 2016-1 LLC; Property Owner See Attached Property List Subject Property Colorado Jurisdiction and State 2017 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: Bob Peyton, (954) 476-4265, Bob.Peyton©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. Pro s er ty Owner: Signature Prfited Name E Date Title Sworn and subscribed before me this "OFFICIAL Lika PECIF o HERNANDEZ No Pblic Notary Public, State of Illinois 10 2, ° corr�rriission e c fires: 4_. expires: day of j 2014. tvIy Commission Expires 4/19/2020 Client: Home Partners of America Site: See Attached Parcel List LETTER OF AUTHORIZATION FOR PROPERTY TAX REPRESENTATION CSH 2016-1 Borrower LLC CAH 20114-1 Bortower LLC; CAH 2014-2 Borrower LLC; CM 2015-1 Borrower LLC; CSH 2016--2 Borrower LLC ColFiri Al -CO 1 LLC; CAH 2018-1 Borrower LLC; CAH 2016-2 Borrower LLC; CHS Property One, L LC SWAY-Beaui LLC; SWAY-Inverclyde LLC; SWAY-SRP Sub Lit; SWAY -SWAY 2014-1 Borrower LLC Property Owner See Attached Property List Subject Property Colorado Jurisdiction and State 2017 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: Bob Peyton, (954) 416-4265, BobaPeyton@ryan.com ton@rya►n.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 owners { a' 1' V PO 1 ll Ct4 Signaturtra (OD I orE Pit; eAr Title Sworn and subscribed before me this r�1/21(-\ day of VA Tax Printed Name acA#¼oc `z2d cI 0)--(d-017 Date No Client: Colony Starwood Homes Site: See Attached Parcel List • ry Public commission expires: S0 5) 0.5-3\c3r JESSIVAN NAPOLEON Notary Public • Stets of Florida Commission a FF 911384 :my- Comm. kakis May 2, 2020 Hello