HomeMy WebLinkAbout20172219.tiffAugust 9, 2017
Petitioner:
T & B GREELEY LC DBA
DEPT 36134, BC -151A
3333 BEVERLY RD
HOFFMAN ESTATES, IL 60179-0001
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):
CBIZ MHM, LLC - ST LOUIS
625 MARYVILLE CENTRE DR STE 200
SAINT LOUIS, MO 63141-5834
RE: THE BOARD OF EQUALIZATION 2017, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket #: 2017-2219 Appeal #: 2008216796 Hearing Date:
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
R2597586 Stipulated - Approved
Stipulated Value
$1,725,658 $1,572,419
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,
Esther E. Gesick, Clerk to the Board
Weld County Board of County Commissioners
and Board of Equalization
Cc: Christopher Woodruff, Weld County Assessor
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Number R2597586
STIPULATION (As To Tax Year 2017_ Actual Value)
RE PETITION OF :
NAME: T & B Greeley LC DBA
ADDRESS: 2400 W 29th St
Greeley, CO
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:
GR I 7622-G PT NE4 24 5 66 (GALLERY GREEN ANNEX) BEG NE COR
SEC 8688.26' TO SE COR ANNEX N89D53'W 670.4' TO TRUE.POB
S0D02'E 421.64' N88D36'W 670.25 N0D05'W 739.95' TO S LN 29 ST
N89D51'E 157.99' TH ELY ALG CURVE CONCAVE TO S 230.38' (R=960
CHORD S83D16'E 229.83') S76D23'E 292.73' S0D02'E 239.18' TO BEG
2. The subject property is classified as commercial property.
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2017:
Total $1,725,658.00
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 $1,572,419.00
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;
After a review of all three approaches, it was determined an adjustment was
warranted.
7. Both parties agree that:
R2597586
1
®The hearing scheduled before the Board of Equalization on 08/01/2017 at
2:30 pm be vacated.
EA hearing has not yet been scheduled before the Board of Equalization.
DATED this 24 day of July, 2017.
4
Petitioner(s) or Agent or Attorney
Address:
CBft
Lar MI 3
57. alert 6 1,4f r
Telephone: 03/V492 sS'1I
Docket Number 2017-2219
Stip-1.Frm
82597586
�v
Assis₹ant) County Attorney f
Respondent, Weld County Board of
Commissioners
Address:
1150 "OR Street
P.O. Box 758
Greeley, CO 80632
Tel phone:(970) 336-7235
County As ss4
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 353-3845 ext. 3697
2
From:
To:
Subject:
Date:
Attachments:
weld-cboe@weldgov.com
CTB-County Board of Equalization
Board of Equalization Appeal Submitted
Tuesday/ July 11, 2017 1:16:58 PM
kmart 4934.pdf
Authorization for Weld, Kmart 4934.pdf
Appeal Submitted: 01:15 PM on Tuesday July 11, 2017
Contact Information Supplied:
• Contact Name: Kmart
• Contact Email: rhermes@cbiz.com
• Contact Phone: (314) 692 - 5 841
• Email Preference: Contact through email
Property:
R0131594 - 2400 W 29TH ST , GREELEY
Legal: GR 17622-M PT NE4 24 5 66 (MEYER ANNEX) BEG NE COR SEC $688.26 TO SE
COR TR 5 GALLERY GREEN ANNEX N89D53 W 610.67 TO TRUE POB SODO2 E 180
SODO1 E 740.95 N88D36 W 729.43 TOE LN GALLERY GREEN 4TH ANNEX NODO5 W
497.99 TO SW COR TRACT 3 GALLERY GREEN ANNEX S8 D36 E 670.25 TO MOST
SE COR TR 3 NODO2 W 421.64 589D53 E 59.73 TO BEG
Estimated Value: $ 5,000,000
Reason: See attachment.
R2597586 - 2400 W 29TH ST , GREELEY
Legal: GR 17622-G PT NE4 24 5 66 (GALLERY GREEN ANNEX) BEG NE COR SEC
5688.26 TO SE COR ANNEX N89D53 W 670.4 TO TRUE POB SODO2 E 421.64 N88D36
W 670.25 NODO5 W 739.95 TO S LN 29 ST N 89D51 E 157.99 TH ELY ALG CURVE
CONCAVE TO S 230.38 (8=960 CHORD 583D16 E 229.83 ) 576D23 E 292.73 SODO2 E
239.18 TO BEG
Estimated Value: $ 1,500,000
Reason: see attachment. This is appeal of Kmart with 2 parcels. This one and R0131594, also
appealed.
Documents
1.) kmart 4934.pdf
You have selected the following Date Preferences:
Aug. 3, 2017, at 9:00 a.m. - 11:30 a.m.
Aug. 2, 2017, at 1:30 p.m. - 3:00 p.m.
Aug. 2, 2017, at 3:00 p.m. - 4:30 p.m.
Aug. 1, 2017, at 2:30 p.m. - 4:30 p.m.
Agent letter: Authorization for Weld, Kmart 4934.pdf
REAL PROPERTY APPEAL iFORM
If you disagree with the current year actual value" and/or the classification determined for your property, you may file an appeal by mail or in
person with the County Assessor. Completing the Real Property Questionnaire will help you determine an estimate of value for your property,
which can be compared to the value determined by the Assessor, Colorado law requires application of the market approach to value for
residential properties (includes apartments) and consideration of the cost, market, and income approaches to value for vacant land,
commercial, and industrial properties.
REASON FOR REQUESTIN A REVIEW:23 9O4 l cAMT' mattes 4 OF Tic 111.71r . s 371#90is
ita4 16 141 A /Arm arbor Coo ge, totir "pc a /eta) k leiefeci
/eqied /a rren Ars giii ?i, iss p # &mar
REAL PROPERTY QUESTIONNAIRE
ATTACH ADDITIONAL DOCUMENTS AS NECESSARY
not send original documents; they vein not be returned)
MARKET APPROACH (ALL PROPERTYTYPES): This approach to value uses sales from the 18 -month period ending June 30, 2016. If data is
insufficient during this time period, the Assessor may also consider data from the 5 -year period ending June 30, 2016. Statute prohibits the
Assessor from using appraisal data after June 30, 2016; that data will be considered in the 2019 reappraisal. 39-1-104(10,2)(0), U■S.
To help estimate the market value of your property, please list sales of similar properties that have sold in your neighborhood. A copy of an
appraisal preparedprior to June 30, 1
pp p p � 6 may be helpful in estimating the market value of your property.
DATE SOLD
SCHEDULE/ACCOUNT NUMBER or PROPERTY DESCRIPTION or ADDRESS SELLING PRICE
er gni% Alba
Based on the information provided and accounting for differences between sold properties nd your property, state the value of your property
as of June 30, 2016. j. 4e i eke"' Met C -9z q/&oo1 e/Iten3
$ 9,0, Old 4 iiihr m neit I, sipoeow fibs ezottatte
COST AND INCOME APPROACH: For vacant land, commercial and industrial properties the Assessor must also consider the cost and income
approaches to value. If your commercial or industrial property was not leased from January 2015 through June 2016, please complete the
market approach section above. To assist the Assessor in evaluating your appeal, and ifyour property was leased during January.
0y income
p p r 2015
through June 2016, please attach an operating statement indicating your income and expense amounts. Attach a rent schedule indicating the
square footage and rental rate for each tenant occupied space, If known, attach a list of rent comparables for competing properties.
Estimate of value based on cost approach:
Estimate of value based on income approach: $ afrgel Cat)
AGENT ASSIGNMENT
ASSIGNMENT: I authorize the below -named agent to act on my behalf regarding the property tax valuation of the property described herein for
the year �,,�'�•
yl Age�sol�ame (please rint/tG ii r hl eSear
_ Daytime Telephone* PI-� it- crtit
Signature: � -, Date: Se
Please mail all correspondence regarding t is protest
to the above -named agent at the following address: £.)f �/�l�ytll���° ("te p��re 2cccle r4 hani
OWNER/AGENT VERIFICATION
I, the undersigned owner or agent of this property, state that the information and facts contained herein and on any attachments constitute
true and complete statements concerning the described property.
SCHEDULE/ACCOUNT NUMBER: I(911
(Found abo ur n me o thotVside of this orm.)
Signature:
Date: S' Daytime Telephone* 3i 7sw6)
3191
Ind ica e n m , e Iephone number and email address for a person the Assessor may contact with ques 'ons.
Name erni es Telephone inire M 'i Email 'r i Gehl?, am,
Your ;tilt
' r � � 'qrn iµ �7C R� �.� � � 'y` r+ � R"'� � '��tn the
Assessor
1;. ! i"'� / p ' S� 1 �`
y to appeal the property er t alu L- t. h and/or t� classification. o 'she A ess r expires June 1, 2017
if the date'for filing any document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed timely filed if postmarked or delivered on the next business day. 39-1-120(3), C,R,S,
WELD COUNTY ASSESSOR
CHRISTOPHER M. WOODRUFF
1400 N 17TH AVE
GREELED, CO 80631
DATE: May 1, 2017
R0131594
2017 REAL PROPERTY NOTICE OF VALUATION
Phone: (970) 400-3650, Fax: (970) 304-6433
Office Hours: 8:00 am. - 5:00 p.m. M -F
appeals@weIdgQv.coin
www.weldgov.com
2017
0600
GI
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Id
u.
u.
KMART CORP PROPERTY TAX COMPLIANCE
DEPT 36134, BO -151A
3333 BEVERLY ROAD
MOFFMAN ESTATES IL 60179-0001
COMMERCIAL
TAXPAYER COPY
PROPERTY DESCRIPTION (MAY NOT BE COMPLETE)
095924100075
GR 17622-M PT NE4 24 5 66 (MEYER ANNEX ) BEG NE COR
SEC $668,26' TO SE COR TR 5 GALLERY GREEN ANNEX
N89053'W 610.6T TO TRUE POE S0D62'E 180' SOB01'E 740.95' N
88D36'W 720.43' TO E LN GALLERY GREEN 4T H ANNEX
NODO5'W 497.99' TO SW COR TRACT
n �•Le.1ew ,� �r .‘.000). _.\(H'� i.fh PA, \LIfc
4,742,604
6,010,375 I +1,267,681
4 742,694
6,010,375
+1,267.681
Using the above values, the estimated tax based on the prior year value was $101,762.
Using the above values, the estimated tax based on the current value is $128,962.
This results in an increase of +$27,200. This estimate is based on 2016 tax rates. You will receive a tax bill in 2018.
The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in
valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S.
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For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report.
PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTSr
4381
REAL PROPERTY APPEAL FORM
Ifyou disagree with the "currentyear actual value" and/or the classification determined foryour property,you may file an appealmail or in
� p p ' pp by
person with the County Assessor. CompletiN the Real Property Questionnaire will help you determine an estimate of value for your property,
which can be compared to the value determined by the Assessor. Colorado law requires application of the market approach to value for
residential properties (includes apartments) and consideration of the cost, market, and income approaches to value for vacant land,
commercial,
and industrial properties.
REASON FOR REQUESTING A REVIEW:
WANT gm mur TrA peace/1 Ls)
A9,01 a "welt age dile Vet PCr.�NQh•,14N,r'
REAL PROPERTY QUESTIONNAIRE
ATTACH ADDITIONAL DOCUMENTS AS NECESSARY
(D. not sena original documents they will not be retu ned Ni).
MARKET APPROACH (ALL PROPERTY TYPES): This approach to value uses sales from the 18 -month period ending June 30, 2016. If data is
insufficient during this time period, the Assessor may also consider data from the 5 -year period ending June 30, 201 , Statute prohibits the
Assessor from using appraisal data after June 30, 2016; that data will be considered in the 2019 reappraisal. 39-1-104(10.2)(), CRS.
To help esti m ate the market value of your property, pleaselist sales of similar properties that have sold in your neighborhood. A copy of an
appraisal preparedprior to June 30, 2016 pp p p may be helpful in estimating the market value of your property.
DATE SOLD
SCHEDULE/ACCOUNT NUMBER or PROPERTY DESCRIPTION or ADDRES SELLING PRICE
Based on the information provided and accounting for differences between sold roperties and your prolierty, state the value of your property
as of June 30, 2016. Se? "Weddle
tso,cy (yncr "SiM:
/ 94 Goo
COST AND INCOME APPROACH: For vacant land, commercial and industrial properties the Assessor must also consider the cost and income
approaches to value. If your commercial or industrial property was not leased from January 2015 through June 2016 please complete the
market approach section above. To assist the Assessor in evaluating your appeal, and if your property was leased during January 2015
through June 2016, please attach an operating statement indicating your income and expense amounts. Attach a rent schedule indicating the
square footage and rental rate for each tenant occupied space. If known, attach a list of rent comparables for competing properties.
Estimate of value based on cost approach:
Estimate of value based on income approach: $
an)
AGENT ASSIGNMENT
ASSIGNMENT: LAuthorize the below -named agent to act on my behalf regarding the property tax valuation of the property described herein for
the year av .
Agents Name (please print: NOrk erfrei
Owner's Signature: 5CZr Arido'I�cfl
Please mail all correspon ence regar ing rs protest At et
ON
to the above -named agent at the following address: Or�S
Daytime Tele one#: ?'9- itifieS7W
Date: _ CJZ?/17
0 le
s474. La4/5 ft/a 6iiev
OWNER/AGENT VERIFICATION
I, the undersigned owner or agent of this property, state that the information and facts contained herein and on any attachments constitute
true and complete statements concerning the described properly.
SCHEDULEIACCOUNT NUMBER: 4;6" TESL"
(Found abo r ti me on Who r cde this form.)
�i�'• ���lE�,��' Date: or -?� ! Daytime Telephone#: 1/9:; 6 MI
Signature: Signature:
Indica fie na , i telephone number and email address for a person the Assessor may contact with questions.
Name1eryvTel hi'Srw1 Vrt.,. Telephone Email J` ,Cr Las cott.
Your right to appeal the propernvaluation and/or the ciassification to the Assessor expires on June 112017
If the date for filing any document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed timely filed if postmarked or delivered on the next business day. 39-1-120(3), C,R,S,
WELD COUNTY ASSESSOR
CHRISTOPHER M. WOODRUFF
1400 N 17TH AVE
GREELEY, CO 80631
DATE: May 1, 2017
'CCOUNT NUMBER
R2597586
2017
2017 REAL PROPERTY NOTICE OF VALUATION
Phone: (970) 400-3650, Fax: (970) 304-6433
Office Hours: O:O0 a.m. - 5:00 p.m. M -F
appeals@weldgov.com
www.weldgov.com
0600
I
I V
1.
1.
T & B GREELEY LC DBA
DEPT 36134, BC -151A
3333 BEVERLY RD
HOFFMAN ESTATES IL 60179-0001
COMMERCIAL
1,551,377
TAXPAYER COPY
ROPERTY DESCRIPTION (MAY NOT BE COMPLETE)
095924100004
GR 17622-G PT NE4 24 5 66 (GALLERY GRE EN ANNEX) BEG
NE COR SEC $688.26' TO SE COR ANNEX N89D53'W 670.4' TO
TRUE FOB S0 D02' E 421.64" N88 D36'W 670.25 N0O05'W 9.95'
TO S LN 29 ST N69D51'E 157.99' TH ELY ALO CURVE CONCAVE
TO S 230.38' (R=96
aL
1,725,658
u1T1, rte=
+174,281
1,551, 377
1,725,658
+174,281
Using the above values, the estimated tax based on the prior year value was $33,287.
Using the above values, the estimated tax based on the current value is $37,027.
This results in an increase of +$3,740. This estimate is based on 2016 tax rates. You will receive a tax bill in 2018.
The current year tax amount is ,merely an estimate based upon the best information available. You have the right to protest the adjustment in
valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S.
For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report.
PLEASE REFER TO THE SACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS.
4383
Kmart #4934
Greeley
Account# R0131594
Account# R2397586
GBA 17'15725
Rent 5i.0
PGI $858,625
Vacancy 15% -$128,794
EGI $729,83'1
Expenses @ 20% -$145,966
NOI $583,865
Cap Rate 9.00%
MV $6,487,389
Say:
Per S.F.
2017 Value
$6,500,000
$38
$6,010,375
$1,725,668
$7,736,033
Per S.F. $45
Prepared for
5/18/2017
Properties for Lease
Presented by Rich Hermes
(314) 692-5841
rhermes@cbiz.com
1710 Dublin Blvd, Colorado Springs, CO 80918
Spaces
1 42,280 SF
Space Available
Rental Rate Yr
Spaces
Building Size
Property Sub -type
Status
42,280 SF
$8.99 /SF/Yr
1
42,280 SF
Free Standing Bldg
Active
Property Notes
Total Space Avail. Rental Rate Min Divisible Max Contiguous Lease Type Date Avail. Description
Sublease
$8.99 /SFIYr 42,280 SF
42,280 SF
NUN
Now
Property Description
Former Grocery Anchor space for Sale in the Dublin Village Shopping Center. Other tenants in the center include Sunflower Market, Discount Tire, Papa
Murphy's and Sherwin Williams.Located at the intersection of N Academy Blvd & Dublin Blvd. Easy access to Academy Blvd & I-25.
2 1101 S. Prairie Avenue, Pueblo, CO 81005
Spaces
1119
1145
Space Available
Rental Rate Yr
Spaces
Gross Leasable Area
Property Sub -type
Status
1,018 - 40,000 SF
$6.94 - 10.70 /SF/Yr
8
154}975 SF
Neighborhood Center
Active
Property Notes
Total Space Avail. Rental Rate Min Divisib:e Max Contiguous Lease Type Date Avail. Description
Sublease
2,808 SF
$10,70ISFIYr
Full Service
1,018 SF
$9,37 /SF/Yr
N
1147
1151C
1135
17800 SF
6,568 SF
1,258 SF
$9.71 1SF/Yr
$6.94 /SF/Yr
NVf
$9.06 /SFIYr
NW
1153 40,000 SF
$7,95 /SF/Yr 20,000 SF
40,000 SF
1151B 6,755 SF
$8.87 /SF/r
'117
1,600 SF
$9.38 /SF/Yr
Full Service
Property Description
Sunset Plaza is located along busy South Prairie Avenue, directly across the street from the Colorado State Fairgrounds. Come join our community of retail and
restaurant businesses_ Shadow anchored by Safeway and Wells Fargo.
715 S Academy Blvd, Colorado Springs, CO 80910
Spaces
Space Available
Rental Rate Yr
Spaces
Building Size
Property Sub -type
Status
134,969 SF
$6.95 1SF/Yr
1
134,969 SF
Free Standing Bldg
Active
Property Notes
Total Space Avaif, Rental Rate Min Divisible Max Contiguous Lease Type Date Avail. Description
Sublease
RI /Ste 1 134,969 SF
$6.95 /SF/Yr 134,969 SF 134,969 SF
Now
Available
immediately with a
negotiable lease
term .
Property Description
Free-standing, big box space, Former Sam's Club for Sale/Lease. Ideal retail/warehouse/showroom space with 6 loading docks and 6 drive-in doors. Plyon
sign with excellent exposure to over 49,300 vehicles per day along S. Academy Blvd.
4 3960-3970 Palmer Park Blvd, Colorado Springs, CO 80909
Spaces
Space Available
Rental Rate Yr
Spaces
Gross Leasable Area
Property Sub -type
Status
45,109 SF
$5 /SF/Yr
1
140,952 SF
Neighborhood Center
Active
Property Notes
Total Space Avail. Rental Rate Min Divisible Max Contiguous Lease Type Date Avail. Description
Sublease
Space 1 45,106 SF
$5 /S F/Y r
NNIV
Now
Property Description
This former Albertsans is available for lease at $5 psf NNN. The unit is large and clean with a loading dock in the back. It is a blank canvas waiting for a tenant
with a vision. Contact Wendy Bergeson
5 755 Citadel Dr W, Colorado Springs, CO 80909
Spaces
Space Available
Rental Rate Yr
Spaces
Gross Leasable Area
Property Sub -type
Status
98,035 SF
5 1SF/Yr
2
193,270 SF
Regional Center/Mall
Active
Property Notes
amp
Total Space Avail. Rental Rate Min Divisible Max Contiguous Lease Type Date Avail. Description
Space 1 96,635 SF S5 /SF/Yr
Now
Sublease
90,635 SF 5 /SF/Yr
hfV Now
Property Description
193,270 SF on 2 Levelsl l ,08 Acres880+ Parking SpacesBuilt in 1986, Remolded in 1995 with an addition 2 Levels with at grade entrances± 9}2O0 amps.
277/480 volts, 3 phase with back up generator Centralized Elevators & Escalators Wet Fire Sprinkle System Throughout 15' 17' Ceiling Heights Two 8'x5' dock
high loading doorsOne 6'x6' Dock for Trash Compactorinterior Freight Elevator Solar Panels on RoofEPDM Membrane Roof IN/ Rock Ballast
1153 S Prairie Ave, Pueblo, CO 81005
Spaces
Space Available
Rental Rate Yr
Spaces
Building Size
Property Sub -type
Status
Total Space Avail. Rental Rate
40,000 SF
$6-8.501SFIYr
1
40,000 SF
Street Retail
Active
Property Notes
M i n Divisible Max Contiguous Lease Type Date Avail. Description Sublease
Space
40,000 SF $6 - $8,50 /SF/Yr
Now
Property Description
Retail for Lease from 1,000-40,000 SF. Great for Salon & Spa, Dental Office, Optical Center, Chiropractic Office, Physical Therapy Center, Fitness Center, Real
Estate Office, Mortgage Center, Liquor Store, Specialty Grocer, Pharmacy, and Restaurant.
7 3125 S Sheridan Blvd, Denver, CO 80227
Spaces
Space Available 41,179 SF
Rental Rate Yr 10 1SF/Yr
Spaces 1
Gross Leasable Area 41,179 SF
Property Sub -type Neighborhood Center
Status Active
Property Notes
flPINIMS _
Total Space Avail. Rental Rate Min Divisible Max Contiguous Lease Type Date Avail. Description
Space 1 41,179 SF $10 /SF/Yr
Property Description
+1- 41,179 SF (+1- 235' wide x 100' deep); 180 parking spaces.
NUN
Sublease
Now Yes
737-745 DESERT FLOWER BLVD, Pueblo, CO 81001
Spaces
Space Available
Rental Rate Yr
Spaces
Gross Leasable Area
Property Sub -type
Status
21,000 - 40,000 SF
$5.25 - 5.50 /SF/Yr
2
89,140 SF
Community Center
Active
Property Notes
Total Space Avail. Rental Rate hiliri Divisible Max Contiguous Lease Type Date Avail. Description
Sublease
Space 1
21,000 SF
$5.25 /SF/Yr 21,000 SF 01,000 SF
NU
Now
40,000 SF
$5.50 /SF/Yr 21,000 SF 81,000 SF Now
Property Description
Shopping center with Big Lots, bldg formerly a Walrnart recently a Distribution Ctr and Thrift t Store
IS Market Commentary ri 2q16
Page 1 of I.
itts7'-T Rea!iscom a investor
2016
Market Commentary
2nd Quarter,
RealtyRates.cornTM investor Survey Reports Modest Cap Rate Index Decrease For All Property Types
During 1st Quarter 2016
Coincident with a 40 basis point decrease in Treasury rates to which most commercial mortgage interest rates are
indexed/ the RealtyRates.com Weighted Composite (Cap Rate) Index" similarly decreased albeit a more modest
10 basis points/ from 9.46 to 9.36 percent during the 1st Quarter of 2016.
The greatest quarter -over -quarter cap rate index decrease was recorded by the Apartment sector, down 25 basis
points, followed by the Restaurant sector/ down 21 bask points during the same period,
The smallest quarter -over -quarter cap rate Index decrease was recorded by the Lodging sector/ down five basis
points, followed by the Industrial/ Mobile Home/RV Park/ Retail/ and Self Storage sectors, all down six basis points.
Mortgage terms tightened a bit overall during the 1st Quarter, and spreads increased an average 32 basis points/
while equity dividend rates were modestly lower overall.
ReaItflat'es•com INVESTOR SURVEY --2nd Quarter 2018"
CIJFIREN1 & HISTORICAL CAP RATE INDICES
•
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2019 7.981. -19' 11,71; 2; 9.79 • -i 6,24' 1 er. 111.131 •$s 940 11 9.02 k 2 9.19
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.•v. ....,.•;........ 4 ....�. , :. '4> - 10.13 € -.n 6.001 1 3,021 •r : .4.. -B' 11.52
J" I . v. . .. •. . . .• •n � .. -. sn.r . .rn Y.{IM v .. •. . . a. ,n.F,.0 v
2015 8.15; -9i 11.69' -141 8.80 f -9: 8.93: -10 10.22. -20, .. 8.99 •18 9.001 ! 6'.16 -11: 11.88
4th Qtr. 9,21; 8! .•11,77 31 8.88 8E 9.001 8! 10181 -7; 9.063 5f 9.091 8i 3.22' $' 11.72:
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y - 9I 9.99 -1 --1 -5 2 1 8'
...Milo, •. .• •. -.. •. `_ • _..• ..f.•... -.true, . .w.• . • .... ...1 9rC1 4; 10.43 9.17 3.0 R2 u 8, - 9.751 •2 {•_... t .... , 1 . ! • -._- ° .• •., I ••.• .t•..y... 1 _..+-•.....•••-.. ' .8 11.2#' 14
.6 � 11.79
2013 8.39' 14 11.92 -14• _� j � 4...
�- -�....�..
r.• ! 1r 6.80 59.07; .2`..10.601 3r 9.2214'i 9.281 -11.89' 241 11.105 112'.0'7. 8 $•S5; • _ 86 : 9.09 ! •x'01' 571 - , 1 ..j ... .. ........... F
2012.0... a 9.25 •3 I ,.•• 01- -24' 9.08 ! /yt -'13 • 11.'�'t'10.19i
1 .•. 91 ...-•_.._
w..-..., •.. -.. ....••. •. . . C r Si. S F V. F ,� ` . �I�, 1-1.09
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2011 s6.601� .29 12.019; -22; 9.21; • tjl 9.'49. -i -i i . , .F • : • -•; -10 { u ..a . .. I ............... _.
...._............._. 760 _•_ •_ . r ' •2.r,...•..._ ...•.... .....•.._ 1 . •_,,._ ......_ 4i 8.4— 8! 9.44;.. 9.28; - 11.7 -14:.. 10.691..........
- _11.12' -1 1
109,
2010 4! r _..... _.. „ ......... r ..r;+. _ +_+...._. _ .. ... ,...•_• ..._...,__..Jr.! . _...._._...,.._ ......._ ..._. w :.. _..._ r " •9.99 1222- 5; 9.821 15 5 9.SO 11.051 7: 9.55: 22 9.54f.. -.....
.. _..�_.._... _ ....r...r ...._.19 °� 8 6+1 25 � 1194' 12� 'Rini 21�
2009 9.35; 9'; 12.17- 16! 9.�•7i 101- 9.'49° 1A: 10M11�8�,.,...rn__._,.........___.,�... ....._
2.. 0- .2....r......... _..- 1 1 9.38 29 20
_.a..r.7 3.33;
.----- �-, ...., ._.,wr............_.r.. • .._•. �... _......_ ....$.28:_..... .. 11.72. 1�:• 7: 11.3 0' 8
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5; 9.09 i6 9.09° -11 ' 11.!57' -28 20 11.22
4? 91.20; •121 11.85: 81 $IT31 -38 11,29 , -24
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2003 9.19! -21 10,39 •32; 10.581 64 ' 9.153 r 33 11.691.58: 9.51 •111 9.44
2902 9.21` 40! 10.70i 191 • 9.92 39] 91201 -61 11.13 ,
-k
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,
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aser -10
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9.97;.......14
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• Tire
I 216; 8. -Oil 9.+13; -35 81.23 = •62 Iasi -3i 10!.57 -12! 10,99 -17? 9.921 _ -41
2001 ` 91611 84E 10.521 133! 10.31? 80. 5.81' 16! 10.871 S8► 1[922-. •681 9.79 -35 9.95 -53. 11.11 47: 10.09[ 13' 1218 32 10.23' 21
1
2000 ; 8.971 i 9.19 8.41 j, 8.165: 9.99 r, 10.9► • f 10.13 10.39; } 101.164; 14.58, •• 12.#4: 10.01,
4141 (y�1'..1,.l;t �•�q(R'T'1 'd •, ! ..T ril$ 19'."Yi{�Y���`Q�.��esli��..errt{( � i/�.�}}�� �,.a1 'r �.1.�+-Jtw - _ ' ' r. -S. • .. -1••
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BIS t ualter 2015 data Copyright 2016 RealtyRitos.con to
Copyright € Robt. G. Want/ RealtvRates.cor
file:///Vilusershhermes/CAP%2ORATES/2016%20Cap%2Orates.htm 4/26/2017
13280 E Mississippi Ave in Guys and Dolls SOLD
Afe
Aurora, CO 80012 Arapahoe County
Recorded Buyer: 13280 Pacific, LLC Recorded Seller: 13280 East Mississippi
6800 'Utz' 120th Ave
Avenue
;
Broomfield,
CO 80020
True Buyer: Duffy Realty, Inc,
+, -�-,
True Seller: Guys and Dolls
-�. _----: - : :- �- --_ -.r- ,
. --
Map Page: Pierson Graphics
Sale
Sale
Price/SF:
PrFrma Cap
Parcel
Financing:
Comp
Date:
Price:
Rate:
No:
ID:
06/18/2014 (755 days
$1,800,000 - Confirmed
$30.77
-
197344445-002
Down payment of $400,000
3054039 — Research
on
Status:
__—.--
mkt) Bldg
Year Built/Age:
Land
(25.0%); Flrstban
Confirmed
Type: Retail
Built 1985 Age: 29
GLA: 52,0130E SF
Area: 1.21 AC (52,708 SF)
Zoning: B-1
k
Corp 318eE
.MOO W 104th Ave - Huron CenterSOLD
Northglenn, CO 8023
�= _�_
Recorded Buyer: Northglenn
Authority
Urban Renewal Recorded Seller:
Adams County
Nathan -Jeffrey Lie
185 NW Spanish River Blvd
.-j
11701
Community Center Dr Boca Raton, FL 33431
Northglenn, CO 80233
(303) 451-8326
True Buyer: Northglenn Urban
re--;
. - .
Renewal True Seller: Kin Properties, Inc.
Authority
-
Sale Date: 05/2312014 (709 days
Sale Price: $1,600,000 - Confirmed
Price/SF: $28.55
PrFrrna Cap Rate: -
Actual Cap Rate: -
Parcel No: 1719-16-1-01-033
Financing: Down payment of $1,600,000
Comp ID: 3046389 — Research
on mkt) Bldg Type: RetailSupermarket
Year Built/Age: Built 1978 Renov 1995 Age: 36
GLA: 56,040 SF
Land Area: 5.49 AC (239,144 SF)
Zoning: R-1 B, Northglenn
Sale Conditions: High Vacancy Property, Redevelopment
(100.0%)
Status: Confirmed
Project
3 231 E flatiron Crosiing
Dr is Flatiron Marketplace
SOLD
Broomfield, CO 80021 Broomfield County
Recorded Buyer: Flatiron Marketplace 2013 Lp Recorded Seller: Sears Roebuck & Company
5400 LBJ Fwy 3333 Beverly Rd
Dallas, TX 75240
► �� Y
G'
Hoffman Estates, IL 60192
(972) 239-8500 (847) 286-2500
, a
True Buyer: Provident Realty Advisors, Inc. True Seller: Sears Roebuck & Company
.„.
i
Sale Date: 01/31/2014 (486
Sale Price: $5,220,000 -
Price/SF: $33.70
PrFrma Cap Rate: -
Actual Cap Rate: -
Parcel No: 1575-28-3.01-002
Financing: -
Comp ID: 2960686 —
days
Confirmed
Research
on mkt)
Status: Confirmed
Bldg Type: RetallDepartment Store
Year Built/Age: Built. 20O1 Age: 13
GLA: 154,912 SF
Land Area: 4.84 AC (210,830 SF)
Zoning: PUD
Sale Conditions: High Vacancy Property
Copyrighted report licensed to CBlz Valuation Group - 611807.
5/1412015
Page 1
550 S McCaslin Blvd _ Former Sam's Club
SOLD
Louisville, CO 80027
Recorded Buyer: Seminole Land Holding, Inc
8758 W Phillips Rd
Boulder, CO 80301
(303) 919-1515
True Buyer: Seminole Land Holding, Inc
Boulder County
Recorded Seller: Sam's Real Estate Business Trust
702 8th St
Bentonville, AR 72716
(800) 925-6278
True Seller: Wal-Mart Realty Co
Sale Date: 01124/2014 (1375 days on mkt)
Sale Price: $3,650,000 - Full Value
Price/SF: $28.37
PrFrma Cap Rate: -
Parcel No:
Financing:
Camp ID:
2?5
1575183-56-001
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
2946918 — Research Status: Full Value
RetailFreestandi nQ
Built 1999 Age: 16
128,653 SF
13.15 AC (572,814 SF)
P-C/R
S Sheridan Blvd - Target
Denver, CO 8
Recorded Buyer:
True Buyer
7
Os 2 Lie
104 Vernon Ave
Verno , GA 90058
99 Cent _
Denver County
Recorded Seller Target C�
PO .r.� •45'5
neapolis, MN 55440
True Sell Target Corporation
Sale Date: 06/1912012 (392 days on
Sale Price: $2,150,000 - Confirmed
Price/SF: $19.45.
PrFrma Cap Rate: -
Panel 1o:
Financing:
Comp I r� .
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
425 ''-014
20,000 from Pacific Cty Bk
2607370 — Research Status: Confirmed
Retal lFreestand i nci
Built 1976 Age: 36
110,557 SF
12.50 AC (548,856 SF)
B3
SOLD
Copyrighted report licensed to CBiz Valuation Group - 611807.
5/14/2015
Page 2
February 23.; 2007
}iN., ,AL.. APPOINTMENT OF ' "
James L. Misp$on
Si' : iE8 1,*" w 4r x
SearsftSdiris •t•;:; ' ge�-+t•�pr�t C,,rp�Aa r.ir,
r �- w e� .'� fii �. �.r q1�7.,
3333 b var ' R::: -.d
HeIrran Estee'.
847263X ,7'«: Iran)
243-453460f..'1 -rc1 :
We have authorized JZ: Account , Tax & Advisor: of St Louis, LLC to represent Sears
Holdings. (Scars and Kmart he .i.), for an ptoperty tax matters with respect t rat following
states:
Utah Missouri
Iowa Colorado
BIZ Accounting, ting, Tax & Advisory of Louis, .1 a the genera; .�err to -represent us in
• a of ••
receiving not' ' SS of value, obtaining copiesappraisals, taxasse�s.srner ts, or any other
information releant to property tax matters. CBIZ Accounting, ax & Advisory c.St L o-ais, LL ...
is also atithenzed to negotiate and c t any settlement reachreaclumi with all asse .smC! : and appraisal:
authorities including boards ecualization, appraisal vi wboards, state{ .. ciectr.rrnS.S.1O11.S,
Other entities es ereis . auth
orities or review 'v eproperty tax assssments, a -Aeir ; t4, exertho.us
•
or any mate .upon which it has administrative jurisdiction0
Ibis . in
D O Y r 11 �' �'
appointment of g ay remains in.effect feet until revoked i� i xn by 'Sears . ic- ins, or C
� ceo u r - _ . Fax & Advisory of St Louis, LIE.
\-1007-mrsk.4e
(Stifled
1
kyles L.: is o . Vice President -Tax
Printed. Name. and Title
AUTHORIZATION FORM
Real and/or Personal Property All blanks must be completed legibly and in ink.
This is to authorize CBIZ MHM, LLC (company or agent name), to act on my/our behalf as my!
our agent in the appeal of the assessment of the property/properties listed below, which is,
are located in Weld Co and is/are owned by the undersigned. This agent is given full
authority to handle all matters relative to the appeal of the assessment for the tax year
2017-18 , and to represent me/Us, if necessary, before the County Board of Equalization.
Owner's Name:
Mailing Address:
Daytime Phone Number:
Email:
Owner/Authorized Signature:
Title (if Corporation):
Agent/Company Name:
Mailing Address:
Daytime Phone Number:
Email:
Agent's Signature:
Title (if Corporation):
Sears Holdings dba Kmart
3333 Beverly Road B2-131 B
Hoffman Estates, IL 60179
(847) 286-7810
BruceiKaye@searshc.com
rLien-
Ac I
-ilL2 •, Jr- Mika
Date: 5/31/17
Rich Hermes / CBIZ MHM, LLC
(President, CEO, etc,)
625 Maryville Centre Dr., Suite 200
St Louis, MO 63141
314-692-5841
rherm es @chit , eom
at+:1111
(President, CEO, etc.)
Property Locator/Account Number (s):
R0131594
R2597586
(Complete additional authorization forms, if needed)
Property Address (es):
2400 W 29 St
2400 W 29th St
July 21, 2017
Petitioner:
T & B GREELEY LC DBA
DEPT 36134, BC -151A
3333 BEVERLY RD
HOFFMAN ESTATES, IL 60179-0001
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):
CBIZ MHM, LLC - ST LOUIS
625 MARYVILLE CENTRE DR STE
200
SAINT LOUIS, MO 63141-5834
RE: THE BOARD OF EQUALIZATION 2017, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket #: 2017-2219, AS0097 Appeal #: 2008216796 Hearing Date: 8/1/2017 2:30 PM
Account(s) Appealed:
R2597586
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of AUGUST 1, 2017, at or about the
hour of 2:30 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
Hello