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Home My WebLink About760412.tiff ,_ % '782 Recorded at. �/� N O V 1 5 197E C o'clock M., 0.2Rece Reception No 70.3.6.64.-- MARY ANN FEUERS. A Recorder.P •+- THIS DEED, Made this 15th day of November 1976 between Goldie M. Smith, a single person, 605 16th St. , Greeley, Weld, Colorado and Delbert L. and Hazel 1 Pearson, husband and wife, Route 1, Box 2-B, Greeley, c':+ Weld, Colorado. of the . � County of Weld and State of Colorado, of the first part, and .� The County of Weld C,) of the County of Weld and State of I ---1 Colorado,of the second part: I ^- I WITNESSETH, That the said parties of the first part,for and in consideration of the sum of II I o II, TEN AND NO/100 DOLLARS h in I I to the said parties of the first part in hand paid by said part y of the second part, the receipt whereof is II I, hereby confessed and acknowledged, have granted, bargained,sold and conveyed,and by these presents do ; grant, bargain, sell, convey and confirm, unto the said part y of the second part, its heirs and assigns for- ! ever, all the following described lot or parcel of land,situate,lying and being in the County of Weld and State of Colorado, to wit: :i t_ Lot 4, in Block 1, BURGER AND FRY'S SUBDIVISION, a subdivision of a part of Lot =j �I Four of the Southeast Quarter of the Northeast Quarter of Section Five, Town- ll _c=, L ship Five, N. , Range Sixty-five West of the Sixth Principal Meridian, according h to the subdivision of lands by the Union Colony of Colorado, Weld County, U Colorado. 11 TOGETHER with all and singular the hereditamenta and appurtenances thereto belonging, or in anywise j ' appertaining, and the reversion and reversions, remainder and remainders, rents, issues and profits thereof, and all !, the estate, right, title, interest, claim and demand whatsoever of the said part ies of the first part, either in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances. I jTO HAVE AND TO HOLD the said premises above bargained and described with the appurtenances, unto the I said part y of theAeco d part, its heirs and assigns forever. And the said part ies of the first part, II I for them sel yes sirs, executors, and administrators, do covenant, grant, bargain, and agree to and j1 ii with the said part y of the second part, its heirs and assigns, that at the time of the ensealing and delivery ! of thesepresents, are I well seized of the premises above conveyed, as of good, sure, perfect, absolute and I indefeasible estate of inheritance, in law, in fee simple, and ha ye good right, full power and lawful authority I to grant, bargain, sell and convey the same in manner and form as aforesaid, and that the same are free and clear I! from all former and other grants, bargains, sales, liens, taxes, assessments and encumbrances of whatever kind or I; naturesoever. Subject to general property taxes for 1976, payable in 1977 and ICI easements, rights-of-way, restrictions and reservations as now established of record. i! \A, I! and the above bargained premises in the quiet and peaceable possession of the said part y of the second part, I t p -its•''..,., heirs and assigns against all and every person or persons lawfully claiming or to claim the whole I �I11 I or.ankl}iar(. ereof, the said part ies of the first part shall and will WARRANT AND FOREVER DEFEND. I ..IN WI$NEW WHEREOF, the said parties of the first part have hereunto set theirhand s !I *and s5al(sA R Y ''tgPday and year first above written. j puaoc, �4/C �.L, y__ AEAL ) Ij P r..ry G ' i it P r 1/4, : I 922;44;.......••"%%v2 j gv"& .. . '..:GV?.S-rin (SEAL) : II i'4'OF C0l Dl at'tt,`'L. earr on - 'l ¢/-',-.C.. /Z-Q.-1 7-T L-) (SEAL) 1 Ea ti I STATE OF COLORADO, Haze P r o County of Weld 1st The foregoing inatrum nt was acknowledged before me this 15th day of November 19 76 by Goldie M.' ith, a single per on, Delbert L. & Hazel Pe rson, hu bandc3 yy an wi₹e My commission expires (Gt , 1971_.W' ess rF d I o ficial seal. -..Notary Public. i I U1 760412 No.932. WARRANTY DEED.—Par Photographic Rewrd.—Bmdto d Publishing Co„1824-ra Stout Street.Denver,Colorado •to ? f g / S ,--4--\72 \ )z j; . % Igz t \ / » ° CA F / \ ) / I) o ( # � & © « . ; \ 3 � c''' A in \ � � 2 \ \ ) } ± • } 2 b.sa ` 7 = ' 155 .4_ « q j ; ° \, j \ , a 2 ! , )\ \ GREELEY URBAN RENEWAL AUTHORITY CONTRACT OF PURCHASE The GREELEY URBAN RENEWAL AUTHORITY, a body corporate and politic of the State of Colorado, hereinafter called the "Authority" agrees to purchase and Goldie M. Smith and Delbert Pearson hereinafter called "Owner" or "Owner-Occupant," agrees to sell the following described real property situated in .the City of Greeley, County of Weld, State of Colorado: Block One, Lot 4, Burger-Fry Subdivision, County of Weld. together with all fixtures and appurtenances , including, but not limited to, all cooling, heating, lighting, plumbing and air conditioning equipment, and fixtures located thereon or in, and all shelving and partitions attached to the real estate, unless specifically excepted herein, Parcel No. upon the following terms and conditions : 1. The total purchase price to be paid by the Authority for said property, including all improvements and fixtures located thereon, shall be the sum of FOUR THOUSAND EIGHTY AND NO/100 Dollars ($4,080.00 --) , less the adjustments thereto,, hereinafter specifically set forth. 2. The Owner `agrees to deliver to the Authority within five (5) days from the date of this Contract, evidence of title in the form of a title insurance policy or an abstract of title not certified to date. Thereupon, the Authority shall order a Commitment for Title Insurance Policy to be issued by a title insurance company selected by the Authority. In the event the commitment for title insurance does not show that Owner has a good and merchantable fee simple title to said premises or shows outstanding liens against or encumbrances upon the property, or in the event said commitment or other investigation shows rights of parties in possession other than those listed in Paragraph 8 hereof, the Authority may, at its option, satisfy such liens or encumbrances, or acquire the rights to possession, and subtract from the amount to be paid to the Owner the amount of any consideration paid on account thereof. If Owner is unable to show merchantable title in himself, Owner shall, at the option of the Authority, convey to the Authority such title as he has , and the purchase price shall be abated in an amount equal to the cost to the Authority of whatever curative action is deemed by the Authority to be necessary. 3. On or before /U0�/et/4'/9,L , Owner agrees to execute and deliver to the Authority a good and sufficient General Warranty Deed conveying the property free and clear of all liens and encumbrances , except existing rights-of-way, easements, reservations, liens of the Northern Colorado Water Conservancy districts, and liens of the current years'• taxes. Upon delivery of said Deed, the Authority agrees to deliver or mail a check payable to Owner in the amount of the purchase price for said property, less lien encumbrances , unpaid taxes, pro-rated rents , and water rents , when the title company has notified the Authority that its requirements have been satisfied, and that no intervening instruments affecting title to said property appear of record subsequent to date of title commitment and prior to recording of Deed from Owner to the Authority. General property taxes for 19 76 (based on amount of the previous year's taxes or as assessed) , rents , water rents, and currect assessments, if any, shall be apportioned to the date of vesting title in the Authority or the effective date of possession of such real property by the Authority, whichever is earlier. All special improvement• taxes which are a lien against said property as of the date of delivery of said Deed shall be paid by the Owner. 4. When rents have been collected by the Owner for a period after the ' date of vesting title in the Authority or the effective date of possession of such real property by the Authority, whichever is earlier, such pro-rated rent shall be paid to the Authority or deducted from the purchase price at final settlement. 5 . Loss or damage to the property from any cause including fire, vandalism, or casualty, from July 27, 1976 , the date of the Authority's appraisal until the Deed from the Owner to the Authority has been recorded, shall be at the risk of the Owner. 6. Possession of said property shall be delivered to the Authority simul- taneously with delivery of the Deed. The Owner shall deliver possession free and clear of all possessory rights of all parties , and shall vacate said premises on or before the closing date, provided that if the Owner or tenant enters into a new lease with Greeley Urban Renewal Authority, such owner or tenant may continue in possession in accordance with the terms of said lease. 7. It is agreed that time is of the essence, and all covenants and agreements herein contained shall be binding upon and shall inure to the benefit of the heirs, executors, administrators, personal representatives, successors, and . assigns of the parties. 8. Owner represents that the undersigned are the sole owners of the fee simple title to said premises and that no parts of said premises are occupied by tenants or others except as listed on the attached Exhibit A who occupy as tenants for terms expiring as shown in Exhibit A. The Owner agrees to allow a representative of the Authority to inspect • the property and to determine the status of the parties in possession. 9. If the Owner by deed or otherwise is unable to convey good and merchan- table title free and clear of any interest, then notwithstanding any provision hereof to the contrary, the Authority may, in lieu of completing the purchase of the property at any time prior to closing, proceed to acquire the property by condemnation. In that event, the Owner agrees that this Contract shall continue in full force and effect until the conclusion of the condemnation case. The Owner further agrees to enter into a written stipulation to be filed in the court records, the terms of which shall be that the purchase price above stated is the fair market 'value of the subject property, inclusive of every interest therein. 10. When executed by the parties, this Agreement shall be specifically enforceable by any court of competent jurisdiction. 11. This Contract shall fulfill the requirement in the Authority's Land Acquisition Policy Statement for notice to Owner of the date upon which possession will be required by the Authority. The Owner acknowledges that he was not required to agree to a date less than 90 days after the date of execution of this Contract and' that, if the date in Section 3 hereof is less than said period, that date is mutually agreed to. IN WITNESS/WHEREOF, the parties have hereunto subscribed their names this / day of /fr/&t/ , •19A X21Y ( ( CAA. V; „ ,04-t GREELEY URBAN RENEWAL AUTHORITY /--) 244 ATTEST: • By C , Chairman U Secrary Page Two ern - a * ` lyzs t --••- •�r � *` n i • � n �� 1� 1 i � 14 �� apR.Ft ♦ '� �a, w,lfl �r+!_ •`` L� GREELEl CIVIC CLN—I r Dc'..artlneni of I in Benewai CHEELEY. col..:'.. November I, 1976 To Whom ?t 'lay Concern: I hereby relinqui sh my financial claim on the croup, ty i ally described as Lot 4 in Block one of The Burger Fry Subdivision and at.thori se that the entire lair t'arket Value be given to my son, Del bert. earson. l it floldie 7°. smith "A COMMUNITY OF PROGRESS" Policy of Title Insurance Issued by Transamerica Title Insurance Company SUBJECT TO THE SCHEDULE OF EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CON- TAINED IN SCHEDULE B AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, TRANSAMERICA TITLE INSURANCE COMPANY, a California corporation, herein called the Company,insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated in Schedule A, and costs, attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested otherwise than as stated therein; 2. Any defect in or lien or encumbrance on such title; 3. Lack of a right of access to and from the land; or 4. Unmarketability of such title. In Witness Whereof, Transamerica Title Insurance Company has caused this policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in Schedule A. Transamerica Title Insurance Company By at . .��r�� / President By rrYY Secretary - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - _ _ _ _ SCHEDULE OF EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy: 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) re- stricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordi- nance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subse- quent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claim- ant had paid value for the estate or interest insured by this policy. CONDITIONS AND STIPULATIONS 1. DEFINITION OF TERMS (b) The insured shall notify the Company promptly in de- The following terms when used in this policy mean: writing (i) in case any action or proceeding is begun or fense is interposed as set forth in (a) above, (ii) in case knowl- (a) "insured": the insured named in Schedule A, and, edge shall come to an insured hereunder of any claim of title subject to any rights or defenses the Company may have or interest which is adverse to the title to the estate or interest, against the named insured, those who succeed to the interest as insured, and which might cause loss or damage for which of such insured by operation of law as distinguished from the Company may be liable by virtue of this policy, or (iii) if purchase including, but not limited to, heirs, distributees, title to the estate or interest, as insured, is rejected as un- devisees, survivors, personal representatives, next of kin, or marketable. If such prompt notice shall not be given to the corporate or fiduciary successors. Company, then as to such insured all liability of the Company (b) "insured claimant": an insured claiming loss or dam- shall cease and terminate in regard to the matter or matters age hereunder. for which such prompt notice is required; provided, however, that failure to notify shall in no case prejudice the rights of any (c) "knowledge": actual knowledge, not constructive such insured under this policy unless the Company shall be knowledge or notice which may be imputed to an insured by prejudiced by such failure and then only to the extent of reason of any public records. such prejudice. (d) "land": the land described, specifically or by reference (c) The Company shall have the right at its own cost to in Schedule A, and improvements affixed thereto which by law institute and without undue delay prosecute any action or constitute real property; provided, however, the term "land" proceeding or to do any other act which in its opinion may be does not include any property beyond the lines of the area necessary or desirable to establish the title to the estate or specifically described or referred to in Schedule A, nor any interest as insured, and the Company may take any appro- right, title, interest, estate or easement in abutting streets, priate action under the terms of this policy, whether or not roads, avenues, alleys, lanes, ways or waterways, but nothing it shall be liable thereunder, and shall not thereby concede herein shall modify or limit the extent to which a right of liability or waive any provision of this policy. access to and from the land is insured by this policy. (e) "mortgage": mortgage, deed of trust, trust deed, or (d) Whenever the Company shall have brought any action other security instrument. or interposed a defense as required or permitted by the pro- f visions of this policy, the Company may pursue any such ) "public records": those records which by law impart constructive notice of matters relating to said land. litigation to final determination by a court of competent juris- diction and expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. 2. CONTINUATION OF INSURANCE AFTER CONVEYANCE OF (e) In all cases where this policy permits or requires the TITLE Company to prosecute or provide for the defense of any action The coverage of this policy shall continue in force as of or proceeding, the insured hereunder shall secure to the Date of Policy in favor of an insured so long as such insured Company the right to so prosecute or provide defense in such retains an estate or interest in the land, or holds an indebted- action or proceeding, and all appeals therein, and permit the ness secured by a purchase money mortgage given by a pur- Company to use, at its option, the name of such insured for chaser from such insured, or so long as such insured shall such purpose. Whenever requested by the Company, such have liability by reason of covenants of warranty made by insured shall give the Company all reasonable aid in any such such insured in any transfer or conveyance of such estate or action or proceeding,in effecting settlement,securing evidence, interest; provided, however, this policy shall not continue in obtaining witnesses, or prosecuting or defending such action force in favor of any purchaser from such insured of either or proceeding, and the Company shall reimburse such insured said estate or interest or the indebtedness secured by a pur- for any expense so incurred. chase money mortgage given to such insured. 4. NOTICE OF LOSS—LIMITATION OF ACTION 3. DEFENSE AND PROSECUTION OF ACTIONS—NOTICE OF In addition to the notices required under paragraph 3(b) CLAIM TO BE GIVEN BY AN INSURED CLAIMANT of these Conditions and Stipulations, a statement in writing (a) The Company, at its own cost and without undue of any loss or damage for which it is claimed the Company delay, shall provide for the defense of an insured in all litiga- is liable under this policy shall be furnished to the Company tion consisting of actions or proceedings commenced against within 90 days after such loss or damage shall have been de- such insured, or a defense interposed against an insured in an termined and no right of action shall accrue to an insured action to enforce a contract for a sale of the estate or interest claimant until 30 days after such statement shall have been in said land, to the extent that such litigation is founded upon furnished. Failure to furnish such statement of loss or damage an alleged defect, lien, encumbrance, or other matter insured shall terminate any liability of the Company under this policy against by this policy. as to such loss or damage. Continued on Front of Back Cover Continued from Back of Front Cover 5. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS interest covered by this policy and the amount so paid shall The Company shall have the option to pay or otherwise be deemed a payment under this policy to said insured owner. settle for or in the name of an insured claimant any claim in- 10. APPORTIONMENT sured against or to terminate all liability and obligations of the Company hereunder by paying or tendering payment of If the land described in Schedule A consists of two or more the amount of insurance under this policy together with any parcels which are not used as a single site, and a loss is estab- costs, attorneys' fees and expenses incurred up to the time lished affecting one or more of said parcels but not all, the of such payment or tender of payment, by the insured claim- loss shall be computed and settled on a pro rata basis as if ant and authorized by the Company. the amount of insurance under this policy was divided pro rata as to the value on Date of Policy of each separate parcel 6. DETERMINATION AND PAYMENT OF LOSS to the whole, exclusive of any improvements made subsequent to Date of Policy, unless a liability or value has otherwise (a) The liability of the Company under this policy shall been agreed upon as to each such parcel by the Company and in no case exceed the least of: the insured at the time of the issuance of this policy and (i) the actual loss of the insured claimant; or shown by an express statement herein or by an endorsement (ii) the amount of insurance in Schedule A. attached hereto. (b) The Company will pay, in addition to any loss insured 11. SUBROGATION UPON PAYMENT OR SETTLEMENT against by this policy, all costs imposed upon an insured in liti- gation carried on by the Company for such insured, and all Whenever the Company shall have settled a claim under costs, attorneys' fees and expenses in litigation carried on by this policy, all right of subrogation shall vest in the Company such insured with the written authorization of the Company. unaffected by any act of the insured claimant. The Company shall be subrogated to and be entitled to all rights and reme- (c) When liability has been definitely fixed in accordance dies which such insured claimant would have had against any with the conditions of this policy, the loss or damage shall be payable within 30 days thereafter. person or property in respect to such claim had this policy not been issued, and if requested by the Company, such insured claimant shall transfer to the Company all rights and remedies 7. LIMITATION OF LIABILITY against any person or property necessary in order to perfect No claim shall arise or be maintained under this policy such right of subrogation and shall permit the Company to use the name of such insured claimant in any transaction or (a) if the Company, after having received notice of an alleged litigation involving such rights or remedies. If the payment defect, lien or encumbrance insured against hereunder, by does not cover the loss of such insured claimant, the Company litigation or otherwise, removes such defect, lien or encum- shall be subrogated to such rights and remedies in the pro- brance or establishes the title, as insured, within a reasonable portion which said payment bears to the amount of said loss. time after receipt of such notice; (b) in the event of litigation If loss should result from any act of such insured claimant, until there has been a final determination by a court of com- such act shall not void this policy, but the Company, in that petent jurisdiction, and disposition of all appeals therefrom, event, shall be required to pay only that part of any losses adverse to the title. as insured, as provided in paragraph 3 insured against hereunder which shall exceed the amount, if hereof; or (c) for liability voluntarily assumed by an insured any, lost to the Company by reason of the impairment of the in settling any claim or suit without prior written consent of right of subrogation. the Company. 8. REDUCTION OF LIABILITY 12. LIABILITY LIMITED TO THIS POLICY This instrument together with all endorsements and other All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall reduce the amount instruments, if any, ntract between ee by the insured andy is the of the insurance pro tanto. No payment shall be made without entire policy and contract the the producing this policy for endorsement of such payment unless Company. the policy be lost or destroyed, in which case proof of such Any claim of loss or damage, whether or not based on loss or destruction shall be furnished to the satisfaction of negligence, and which arises out of the status of the title to the Company. the estate or interest covered hereby or any action asserting such claim, shall be restricted to the provisions and conditions 9. LIABILITY NONCUMULATIVE and stipulations of this policy. No amendment of or endorsement to this policy can be It is expressly understood that the amount of insurance made except by writing endorsed hereon or attached hereto under this policy shall be reduced by any amount the Com- signed by either the President, a Vice President, the Secretary. pany may pay under policy insuring either (a) a mortgage an Assistant Secretary, or validating officer or authorized shown or referred to in Schedule B hereof which is a lien on signatory of the Company. the estate or interest covered by this policy, or (b) a mortgage hereafter executed by an insured which is a charge or lien on 13. NOTICES, WHERE SENT the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this All notices required to be given the Company and any policy. The Company shall have the option to apply to the pay- statement in writing required to be furnished the Company ment of any such mortgages any amount that otherwise would shall be addressed to Transamerica Title Insurance Company, be payable hereunder to the insured owner of the estate or P. O. Box 605, Denver, Colorado 80201. O m O az o - c o < mSo no o o"O - - -m - e TS-r, EYoa mo .oar •., .- oa °^^ "oa'° _ omo No� 0 ,44 v° a°a - ENn ''on c :c w^a mon ,nn n hmr 0`oo foci CO °P°1 ¢'1-° 90 n °a� °a�1 8"0 °"- ' oa'04-m c.naq o`a°o` ywcr F o:°n oon • 3 EV,' • Wm,,ge • i3 : u`ror 2 “o' 6-o �F$_^a of n °E°,"'i a; i3U_ d0u^ m°N.:0 o0u'^ - �nan � `- _ f °o _ yu0�n y`t v°O� �nm 3ru, W nw2 wni _ co E.-`o w .� i°''' o-'n n^ _ _O ?330— om' _ 20 aa �Y_ —_ _ a> _ _ _ .c7.2- C2 ao� fo_ m `6�m 3�m in a a -° ° CD n f o � o �`e of E 3 3` CO e E W 2 ti 02 CC d R • L a M CO C a toloP S o.� ✓ N as .. = 3 F a l v •<ti OD p. morEEE CD O C c c c an o 0 m 0 1 C - o 0 o a a a ,� al "u 6 ar a °o a >m c "r c t2 o $o co °m c z m "m V ,1.).=-'3,2 O '°p'm O ego O _coh "o^ ling- 0 u,ma t moo a -n- o 30- CD it LL `• - ° Ooo Y ._ c„ dco° me °cc, 6roaP dvma do - `p 6-n HW °o,u°a o 5,,0 `d 306-'0 o .0c a.o O Zpn O Q"« O ,2o,^° • 1... =° " O �� 6 ? d u O 0- tin f'gy {l ,.,ao a f, „ m_ 9 `u 'o_' Olson O 36'0 O ncn co m.= p ' o_ O :r - z o0 ._ C .0 — w O o t= > n v M N E d moo` d Far c a ° O Q u Th F ry °^ Z ~ m a t ° ° 3 N E FORM NO. C-5000-1 FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY-FORM 0- 1970 (AMENDED 10.17.70) SCHEDULE A Amount of Insurance3 4 , 080 . 00 Policy No. 25007768 Date of Policy November 16 , 1976 Sheet 1 of 3 8 : 00 A.M. 1. Name of Insured: THE COUNTY OF WELD, A BODY CORPORATE AND POLITIC OF THE STATE OF COLORADO 2. The estate or interest in the land described herein and which is covered by this policy is: IN FEE SIMPLE 3. The estate or interest referred to herein is at Date of Policy vested in: THE COUNTY OF WELD, A BODY CORPORATE AND POLITIC OF THE STATE OF COLORADO FORM NO. C-6000-2 FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION LOAN POLICY 1970 (AMENDED 10.17-70) FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY-FORM B-1970 (AMENDED 10-17.70) SCHEDULE A—Continued The land referred to in this policy is situated in the State of Colorado, County of , and is described as follows: Weld Lot 4, in Block 1, BURGER AND FRY'S SUBDIVISION, A subdivision FORM NO. C-5000-3 FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY-FORM D- 1970 (AMENDED 10-17-70) Policy No. 25007768 Order No. SCHEDULE B This Policy does not insure against loss or damage by reason of the following: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements,not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a cor- rect survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien,or right to a lien,for services,labor,or material heretofore or hereafter furnished,imposed by law and not shown by the public records. 5. Taxes due and payable; and any tax, special assessments, charge or lien imposed for water or sewer service, or for any other special taxing district. The 1975 General taxes paid, according to tax certificate dated August 13 , 1976 . 6. Right of way of the Old River Channel, as shown on the plat of said subdivision. 7, Right of way for electric transmission lines as granted to Home Light and Power Company by instrument recorded May 8, 1952, in Book 1330, Page 216, Weld County Records, 8. Reservation of all oil, gas and other minerals as contained in Deed from Weld County, recorded April 16, 1970, in Book 623 as Reception No. 1545404, Weld County Records, and any and all assignments thereof or interests therein. Farm No.C-W-142 Transa _.erica Tale Insurance Jampany Please address correspondence to 918 TENTH STREET, GREELEY, COLORADO 80631 (303)352-2283 CONDITIONS AND STIPULATIONS Please read carefully 1. This is a Commitment to issue one or more policies of title insurance in our Standard Form when the requirements set forth in the Commitment have been satisfied. The policy is available and should be examined before this Commitment is used if there is any question about coverage. 2. Only the policies shown are committed to. If there are any changes in the transaction, order an amendment from us. 3. The date on this Commitment is important. Nothing after that date has been considered by us. 4. This Commitment is good for 6 months only. Extensions should be ordered from us if they are needed. 0 v O m c o g co 0 - O = a o ofe 0, 0 C m=$N E` _r '^`o'^, d yam °ow'° ,.0 't cm°- to I- ',tor, p"oo -0- woma "oon � :0° 'a< gon w^ Edo- von J C: ❑ `-oe vo a y'^on rvo"-.' of m „;oo- . = o.° _m °.`-a9 0�il_• n H `u oa • io<124 � �oe • m'- o°n • nom ' W `- Eu • "'Ur'e lFm oa -al _-�- 2 N0 i-n ' =-8=on ° o-e u9•0,02-:' o U^ aVT - _ -n -h CO of •N °�Can n:o "-Olio Ei`-.00 - aom °0 .0 z-om . CaO„ ¢o=0 'o m `6�� ou on: a d �° • cg 2 Eei: R F � o sE I- 3LLCC U En U1 N z - W O u C 0 0 J2 C v is co cSI al 0•_ L in . J, c i MI Sd ^ d E ' .a y C o CD L L p O Ca aa ea < < m e C G Oo a e a 'o = IL d o w o a o y o a G_ c �o c do 20 o 00 0 om [ d- oo C V '^'=a O -2o O 0oo O =in 'a "°n'o .a '^in m. `, .nmo p o�g •`p '^om a aa- p oe O • ^ p ° ≥°e r =a Ego W caa d co,a `y rp- a °-n it- E°^ .� _ .C 0= � a :Ale:, 6 cm 0. 4 on m 04 n r p. `uy°m • `w v61 °r im OW muo • `o =u°m' • `o vu°a • p s.o • O i0^ • O aQn • O 5 `oo�n • O —�°-Fn • O 15 °n —°o�,o F o— W -- on _ c ..;,-;o Q "o ff — " p [ _ ACA a _ _ '30 o N igo c da 9 uu2 p m° L N=o m `o^ G. S o` u e e V _ m O u-- m a== w Yo O n : L ot" O g % p "n E dLLV ~ � a [ a ° O Q p ou Z e° ,z N d L V No n L o N L N , p O 0 Z n E AMOUNT PREMIUM r Greeley Urban Renewal Authority OWNER $ 4.080.00 $ 75. 00 718 15th St. MORTGAGE $ $ Greeley, Colorado 80631 ADDITIONAL CHARGES $ Attn: Marianne COST OF TAX CERTIFICATE $ 5.00 SURVEY COSTS $ TOTALS $ 80.00 Your Reference CC's To: No. 25,007,768 C Sheet 1 of COMMITMENT TO INSURE Transamerica Title Insurance Company, a California corporation, herein called the Company, for a valuable consideration, hereby commits to issue its policy or policies of title insurance, as identified in Schedule A, in favor of the proposed insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the land described or referred to in Schedule A,upon payment of the premiums and charges therefor; all subject to the provisions of Schedules A and B and to the conditions and stipula- tions shown on the inside of the cover. By AUTHORIZED SIGNATURE The effective date of this commitment is Aug 1G+ 17 , 1976 at 7':45A. M. At which time fee title was vested in: GOLDIE M. SMITH AND DELBERT L. PEARSON, in joint tenancy SCHEDULE A 1. Policies to be issued: (A) Owners': COUNTY OF WELD, A BODY CORPORATE AND POLITIC OF THE STATE OF COLORADO (B) Mortgagee's: • Form No.C-142.1 Rev.4-18-75 No. 25,007.768 C Sheet 2 of 4 SCHEDULE A—Continued 2. Covering the Land in the State of Colorado, County of WELD Described as: Lot 4, in Block 1, BURGER AND FRY' S SUBDIVISION, A subdivision of WELD DOUNTY, COLORADO Form No.C.142.2 No. 25, 007,768 C Sheet_3_of_4_ SCHEDULE A—Continued REQUIREMENTS 3. The following are the requirements to be complied with prior to the issuance of said policy or policies. Any other instrument recorded subsequent to the date hereof may appear as an exception under Schedule B of the policy to be issued. Unless otherwise noted, all documents must be recorded in the office of clerk and recorder of the county in which said property is located. A. Deed from Goldie M. Smith and Delbert L. Pearson, and their spouses, with recital in body, signature and acknowledgment that the grantors and respective spouses, are husband and wife, to the County of Weld, a body corporation and politic of the State of Colorado. If either grantor is not married, then a recital should be made in the body, signature and acknowledgment that said grantor is 'an-unmarried person. • Form No.C-142.3 No. 25,007.768 C Sheet4 of 4 SCHEDULE B THE POLICY OR POLICIES TO BE ISSUED HEREUNDER WILL NOT INSURE AGAINST: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, im- posed by law and not shown by the public records. 5. Taxes due and payable; and any tax, special assessments,charge or lien imposed for water or sewer service, or for any other special taxing district. 6. Right of way of the Old River Channel, as shown on the plat of said subdivision. 7. Right of way for electric transmission lines as granted to Home Light and Power Company by instrument recorded May 8, 1952, in Book 1330, Page 216, Weld County Records. 8. Reservation of all oil, gas and other minerals as contained in Deed from Weld County, recorded April 16, 1970, in Book 623 as Reception No. 1545404, Weld County Records, and any and all assignments thereof or interests therein. Form No.C-142.4 Rev.4-18-75 AMOUNT PREMIUM Greeley Urban Renewal Authority OWNER $ 4,080.00 $ 75. 00 718 15th St. MORTGAGE $ $ Greeley, Colorado 80631 ADDITIONAL CHARGES $ Attn: Marianne COST OF TAX CERTIFICATE $ 5.00 SURVEY COSTS $ TOTALS $ 80.00 • Your Reference CC's To: No. 25, 007,768 C Sheet 1 of COMMITMENT TO INSURE Transamerica Title Insurance Company, a California corporation, herein called the Company, for a valuable consideration, hereby commits to issue its policy or policies of title insurance, as identified in Schedule A, in favor of the proposed insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the premiums and charges therefor; all subject to the provisions of Schedules A and B and to the conditions and stipula- tions shown on the inside of the cover. 7/7 . S AUTHORIZED SIGNATURE The effective date of this commitment is An. let 11 , 1976 at 7145A• M At which time fee title was vested in: GOLDIE M. SMITH AND DELBERT L. PEARSON, in joint tenancy SCHEDULE A 1. Policies to be issued: (A) Owners': COUNTY OF WELD, A BODY CORPORATE AND POLITIC OF THE STATE OF COLORADO (B) Mortgagee's: • Form No.C-142.1 Rev.4-18-96 No. 25, 007.768 C j Sheet 2 of 4 SCHEDULE A—Continued 2. Covering the Land in the State of Colorado, County of WELD Described as: Lot 4, in Block 1, BURGER AND FRY' S SUBDIVISION, A subdivision of WELD DOUNTY, COLORADO Form No.C-142.2 No. 25, 007,768 C Sheet2—of SCHEDULE A—Continued REQUIREMENTS 3. The following are the requirements to be complied with prior to the issuance of said policy or policies. Any other instrument recorded subsequent to the date hereof may appear as an exception under Schedule B of the policy to be issued. Unless otherwise noted,all documents must be recorded in the office of clerk and recorder of the county in which said property is located. A. Deed from Goldie M. Smith and Delbert L. Pearson, and their spouses, with recital in body, signature and acknowledgment that the grantors and respective spouses, are husband and wife, to the County of Weld, a body corporation -and politic of the State of Colorado. If either grantor is not married, then a recital should be made in the body, signature and acknowledgment that said grantor is~an^unmarried person. • Form No.C-142.3 No. 25,007,768 C Sheet4 of 4 SCHEDULE B THE POLICY OR POLICIES TO BE ISSUED HEREUNDER WILL NOT INSURE AGAINST: 1. Rights or claims of parties in possession not shown by the public records. - 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area,encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, im- posed by law and not shown by the public records. 5. Taxes due and payable; and any tax, special assessments,charge or lien imposed for water or sewer service, or for any other special taxing district. 6, Right of way of the Old River Channel, as shown on the plat of said subdivision. 7. Right of way for electric transmission lines as granted to Home Light and Power Company by instrument recorded May 8, 1952, in Book 1330, Page 216, Weld County Records. 8, Reservation of all oil, gas and other minerals as contained in Deed • from Weld County, recorded April 16, 1970, in Book 623 as Reception No, 1545404, Weld County Records, and any and all assignments thereof or interests therein. • Form No.C-142.4 Rev.4-18-75 REyL EST HUR 1 Fit.AS.-i-Os7iJC�-r '..CAi. -±. V I AX'zJJ_ 1_377 Title co._Transameri ca Order No. 07768 Date Aug 12 • 1968 Smith Seller Goldie a Delbert Pearson Lender_ We County Buyer .-.-_ __ Property Address— _-- Schedule No. 449 7 0 Person Ordering F' STATE OF COLORADO, ) Certificate of Taxes Due and Unredeemed Z ) ss. County of Weld Tax Sales MI, the undersigned, do hereby certify that the entire amount of taxes and assessments due upon the parcels of real estate Odescribed below, and all sales of the same for unpaid taxes or assessments shown by the books in my office,from which the Usame may still be redeemed, with the amount required far redemption, are as noted herein: see s ti:e�r For Amount of Tax AMOUNT TO OE,M'.RII'TI(1S(1F IRA(T IIR 1OT Bik '11‘‘p. Range IOW N(Ili CT) which Tuxes and Interest Due REDEEM are due L 4 Burger S Fry 1 -- —-- ---3.97 5 25, 50 Paid W - — " Dated August 13,, 19 76__ ' ? -- Treasurer of Weld Oki,'l'.Col() ado CUSTOMER'S COPY Department of Urban Renewal GREELEY CIVIC CENTER GREELEY. COLORADO 8O031 August 10, 1976 Ms. Goldie M. Smith Mr. Delbert Pearson Rt. 1 Box 2-B Greeley, CO 80631 Dear Ms. Smith and Mr. Pearson: This is to advise you that the property you own located at the Burger-Fry Subdivision and legally described as Block One, Lot Four is scheduled to he purchased by Weld County through the Greeley Urban Renewal Authority. This purchase is in accord with the approved plan and is being carried out with assistance from Community Development Discretionary Funds of Weld County. Please be advised that your property has been appraised independently of this Authority. The Greeley Urban Renewal Authority's determination of fair market value of said property is based upon inspection of the proper- ty and the two appraisals made by competent appraisers. The total purchase price to be offered by the Authority for said property, including all im- provements and fixtures located thereon is the sum of FOUR THOUSAND EIGHTY DOLLARS ($4,080.00) and it is the full amount passed by the Authority to be just compensation for the property and it is not less than the approved Authority determination of the fair market value of said property. The price, as stated above, includes all improvements (buildings, structures, and fixtures) which are as follows: One five room house, various corrals, sheds and pens. Fair market value is defined as the highest price estimated in terms of money which a parcel of real estate will bring if offered for sale on the open market, allowing a reasonable time to find a purchaser who buys with knowledge of all the uses to which the property is adapted and for which it is capable of being used. "A COM:VI-UNITY OF PROGRESS" Page _wO August 13, 1976 • process of appraising your property, the appraisers have not increased or decreased their estimation of market value by reason of their knowledge thut your property is to be acquired by the Greeley Urban Renewal Authorit: In other words, there is no chance that the valuation has been decreased by _eason of the fact that your property is going to be included in the County Coddunity Development Program. 1 would like to meet with you at your earliest convenience to discuss the purchase of your property. 1 am enclosing a copy of the proposed contract have the right to show to an attorney or other of sale which, of course, y on agent. Please understand that the amount offered above is the entire amount which compensation. other words, there is no effort to e fercyouy feels , _ fair market value. offer you less than what the Authority has established as y if Ye ... also realize that this is not a "take-it-or-leave-it" take-ice or-leave- offer. but, present indicating that the proper y is, ifact, have any _....or:ration to y.. d we will that very happy to consider rormation. worth more than presence , The appraisals and determination of fair market value does not reflect any consideration for relocation benefits. I am enclosing a packet of relocation benefitszoo 't„on to help you know what benefits you are eligible for. f Oficer for ,URA, will contact you shortly � Marianne LeClair, Relocation � aid signed the chase Agreement Contract to aid you in relocation. Purchase Yaouor you have Authority ,,,. :,ay rest assured that if you are occupying the property, the Aug will not require you to move before you have received all the assistance needed and have had ample opportunity to obtain decent, safe and sanitary housing in your financial means. Pitase call me as soon as possible to sat up an appointment to discuss this Contract. I will be happy to answer any questions you may have. My phone is 356-4550 and the regular business hours are 8:00 a.m. to 5:00 p.m. , Monday through Friday. If these hours are not convenient, an appointment may be arranged for another time. Sincerely, Lyle R. Mueller Director July 27, 1976 Ms. Marianne LeClair Greeley Urban Renewal Authority 718 15th St Greeley, Co 80631 Re: Review appraisal of Lot 4 81k 1 Burger & Fry Sub, Weld County Smith, Goldie M & Delbert L. Pearson Dear Ms. LeClair: Pursuant to your request, I have reviewed the above property which has been appraised by Mr. Michael C. Marion and Mr. Robert J. Mitchell. Based on the best information available to me as ❑f July 21 , 1976, my opinion to fair market value ❑n this parcel is as follows: Land " 1 , 560.00 - based on 3.25 cents per square foot for 6,250 square feet. Improvements - 32, 520.00 based on current replacement cost less depreciation for age. I did not consider any value to out buildings due to there condition and type of construction. I, the undersigned, hereby certify that I have no present or prospective interest in the property under appraisement, that my employment is not contingent in any way upon the amount of the value reported; that I have personally inspected the property, and, the statements made and the information contained in this report are true and correct to the best of my knowledge and belief. Respectifully submitted, Robert Meyer RM/ml - GRREELEY CIVIC CENTER Department of Urban Renewal GREELEY. COLORADO 80631 July 20, 1976 Ms. Goldie M. Smith Mr. Delbert Pearson Rt. 1 Box 2-B Greeley, CO 80631 Dear Mr. Pearson and Ms. Smith: The County of Weld has been awarded a Community Development Discretionary Grant by the Department of Housing and Urban Development. One of t:.E major purposes of the project is to eliminate dilapidated housing within the County of Weld and to relocate families occupying these dwellings into standard, safe housing. To accomplish this objective, your property in Weld County (Block One, Lot 4) is scheduled to be acquired by Weld County. We will be purchasing your lot and structure. To enable us to establish fair market value of your property, two appraisers will appraise your land and buildings. Before coming to your property, they will contact you and will present to you a letter of introduction from the Urban Renewal Authority. At the time the appraisers contact you, we would appreciate you notifying your tenants, if any, as to the date of the appraisal. If you have any questions. concerning the project or the acquisition of your property, please feel free to contact me at any time. Sincerely, Marianne LeClair Acquisition/Relocation Officer "A COMMUNITY OF PROGRESS" . ,e5//6 e - t r ..a5z,m 2?v \ • . • • \ . s 7' •Ti'n-t-T . 50.o 50.o ereto so-o So.o �, A J 1. N V ti ti a % y t \t't O •: 4. ku h I 6508 b i r b 'I `s-... Sh QRSO % ' L 4 r LOT -moo •'' TA F 1/411Zuzo.o m 0 /1spb 4,✓e7t..e //S �- h.or 7 a % 4 5 4 N GP:�L�y Coza i . /75.o /09.G‘. Z -� : L oT a a . Z ' U � lRP • C O - /SO.O sq a \I NI . % rc = LoT 9 . _ it • to NN /zt o salt I„goioQ.0 7s.3. Sc, L/21 II 4/01 6 -re 6T��T s,s , • - 14 • - 1 PEARSON RESIDENCE // Sketch of Floor Plan 12' r- - - - -, 5' Porch Storage 1. 5' I 10' Bedroom 1 5' Cl. I 5. 5' I 1 14'4" Kitchen ""� Living Room 1 I 11' I 4' 1 1 Screened 7. 5' 1 Porch I 1 L J 9' - 15 - LEGAL DESCRIPTION Lot Four (4) , Block One (1) , Burger-Fry's Subdivision, being a subdivision of a part of Lot Four (4) of the Southeast Quarter of the Northeast Quarter (SEINED of Section Five (5) , Township Five (5) North, Range Sixty five (65) West of the Sixth Principal Meridian, according to the subdivision of lands by the Union Colony of Colorado, Weld County, Colorado. SITE DESCRIPTION The subject site is almost rectangular in shape but slightly trapezoidal . It is 130.5 feet along the north side, 50. 12 feet on the east, 120.08 feet along the south and the frontage or west end is 50.48 feet resulting in an area of approximately 6 ,300 square feet. The fronting access street which is only about 30 feet in width is dirt and gravel without curb and gutter. The site is slightly below surrounding land grade especially to the north and east. There is a very slight slope to the west toward the river which is about 230 feet away. The site undoubtedly has rather slow surface drainage. Soils are a light brown, fine sandy loam containing some gravel. No water, sewer or natural gas is connected to the site. Electricity is from Home Light and Power Co. via over- head lines. There are two fairly substantial elm trees - one in the front yard and one in the back plus a few elm shrubs and a good front bluegrass lawn area . A minimum quality residence occupies the front portion of the site. There is an old small mobile home situated on the south central portion of the site and the east or back area is covered with sheds , corrals and low hog, sheep and chicken type pens and sheds. DESCRIPTION OF IMPROVEMENTS Dwelling An older, single family residence includes three rooms plus two porches. The front area is divided by a partial wall into a kitchen and living room. The back addition is a fair sized bedroom. Added at the back of the bedroom is an • - 16 - Rot,,t, enclosed porch plus a low enclosed storage porch. At the front is a screened in porch. The three room living area is 479 square feet plus 60 square feet in the back porch and 68 square feet for the front porch. There is running water from a private well and an electrically driven submersible pressure pump to a kitchen sink. Also, an under-the-counter type automatic electric 30 gallon hot water heater and 220 wiring for an electric cooking stove. Exterior Frame construction with cedar drop siding which needs paint. Compo- sition shingle roof is practically new. Low concrete foundation. Porches have roll composition roof. Interior Floors are concrete slab, painted or covered with linoleum. Rough finish interior drywall - walls and ceilings. Frame double hung windows. Hollow core mahogany entry door. Minimal area of cupboards , a double enamel sink and about 12 lineal feet of plywood and frame constructed cabinet with linoleum countertop. Heat is from a free standing single fuel oil fired space heater type furnace vented to a brick chimney in the center of the front living room- kitchen area . There is one ceiling mounted bare bulb porcelain light fixture for each room. 1 Trailer House A two-room 8 foot by 24 foot, 30 to 40 year old trailer house includes a small chemical toilet and shower over the toilet. Oil burning space heater, small storage areas , poor condition. Not considered a part of the real property being appraised. Outbuildings Tool Shed - 144 square feet, frame construction, dirt floor, wood sill foundation, roll composition shed style roof and tar paper and corrugated metal siding. Has electricity. Attached is a 60 square foot low storage shed. Fair to poor condition. Sheds and Corrals - The back or eastern part of the site is improved with nine sheds of varying sizes, construction and condition connected by a variety of pens and corrals. The sheds have served principally for small livestock such as sheep, hogs , calves, chickens , rabbits and pigeons. Some are open front, some completely enclosed. Construction includes vertical post supports, roll composition and metal roofs, dirt floors and usually low ceilings. - 17 - 77 7 The corrals are mostly scrap board materials and some wire fencing. There are some board feed bunks. All of these livestock handling facilities are in poor condition and of limited value. Most owners of suburban tracts where livestock are kept prefer facilities for horses. 6ig Site Improvements There is electricity and a yard light extended to the corral area. The well, to provide domestic water, is located at the southeast corner of the main dwelling. It is fairly new, 36 feet deep and equipped with a new electric submersible pump. Adjoining this well location is new electrical service to the property including a transformer pole, a yard light and breaker boxes. Yard fencing is a combination of woven wire and snow fence. ZONING The subject property is zoned I, Industrial District by Weld County. Uses permitted in this district are found in excerpts from applicable ordinances in the Addenda of Volume I (Basic Data Report) previously submitted for the appraisal project. This parcel is outside the flood district zoning boundaries paralleling the Cache la Poudre River. ASSESSED VALUE AND TAXES According to the records from the Weld County Assessor's office, subject Lot 4, Block 1 , is assessed at $30 for land and $250 for improvements, for a total of $280. The applicable mill levy is 91. 07 which results in general real estate taxes of $25. 50. HIGHEST AND BEST USE I Present use - as low income housing, with potential for industrial f development. - 18 - Robert I Mitchell r �r EVALUATION Sales History of Subject The county records show the property was purchased in August, 1958 by Jack Smith for $1,500. In 1969 there was a Treasurer's Deed to Weld County and in April, 1970, a deed back to Jack Smith. On May 4, 1970, the property was deeded from jack E. Smith to Goldie M. Smith and Delbert L. Pearson. This deed is recorded in Book 625 at Reception No. 1546822. The real estate conveyance certificate indicates the consideration to have been $700. Goldie Smith is Delbert Pearson's mother and it is assumed Jack Smith was related to Goldie Smith. Considerable work and improvement has been done since the property was purchased including drilling and equipping of the well, adding the hot water heater and plumbing to the house. There is a new composition shingle roof, some of the sheds, fencing and corrals as well as new electrical service. Market Approach On the following page is the comparative grid adjusting the three most comparable sales to an indication of value of the Smith/Pearson parcel. This includes one lot, the main dwelling and the sheds . The total site area is 6,303 square feet. The dwelling is 479 square feet consisting of three rooms { and no bath, plus porches. The three resultant indicators provide a very wide bracket ranging from $5,000 to $7,200 for the property. Sale No. 4 requires several adjustments and is a weak comparable although it is in the subject Burger-Fry's Subdivision. Sale No. 6 is also inthe Burger-Fry's Subdivision but requires some rather large adjustments and the sale took place three years ago. Sale No. 7a is one of the better comparables due to its recent date and general similarity although it is semi-modern, includes a bath and is located in the Spanish Colony. Nevertheless , it is the best comparable and the final value indication, by the Market Approach, is considered to be $6 ,500. The other checks of the value reported are reasonable as compared with the general unit sales price of the 13 improved sales. These figures are based on a Highest and Best Use of low income housing. Improvements only: $5,000 + 479 sq. ft. = $10.44 p.s.f. Land only: $1,500 + 6, 303 sq. ft. = $ . 24 p.s.f. Total: $6 ,500 : 479 sq. ft. = $13.57 p. s.f. - of living area - 19 - Robert J nimneu • MARKET DATA APPROACH Comparative Grid Smith/Pearson Adjustment Item Sale No. 4 Adj . Sale No. 6 Adj. Sale No. 7a Adj. Date of Sale 5/74 +$ 300 5/73 +$1000 4/76 = Age & Condition Inf. +$1000 Inf. +$ 500 = Construction/Quality Inf. +$ 800 Inf. +$ 400 Inf. +$ 500 Size - Sq. Ft. 480 = 500 -$ 100 440 +$ 100 Rms./Bdrms. 4/2 -$ 200 4/2 -$ 200 4/2 -$ 200 Baths None = None = 1 -$ 500 • Bsm't./Finish None = None = None = Site (Zoning) 8, 125 size - 6,875 size = 4,500 +$ 600 zone + zone+300 Location = +$ 200 = Other Porches & Sheds +$ 800 +$ 800 +$ 800 H. &C. Water and well +$ 800 +$ 800 = Sale Price $ 1 ,500 $ 3,500 $ 4,500 Total Adjustments $+3,500 $ +3,700 $ +1 .300 Indicated for Subject $ 5,000 $ 7,200 $ 5,800 Value indicated for subject, after weighting of comparable sales $ 6 .500 - 20 - I The unit land value is near the average and median for the sales studied. The unit price can be expected to be slightly above average due to no flood zoning restricting the site. The unit value of improvements only at $10.44 is considerably above thee average - however, this is reasonable due to the contributory value of th well, hot and cold water, furnace, porches and sheds reflected by this figure. The $13.57 per square foot represented by the total price divided by the dl dwelling area is also slightly above average due to these extra items. As a result of this study, the value estimated by the market comparisons is estimated to be $6 ,500. Income Approach Based on the study of rental and GRMs presented in the Basic Data report, a monthly rent of $100 and a GRM of 60 are chosen as appropriate for this property. 100 x 60 = $6 ,000 Value as an Industrial Si te The total value reported as $6 ,500 represents a unit value of $1. 03 per square foot if the total value were all for land. This is above the average and median of $0.26 to $0.27 presented by the six "lettered" land sales but is fairly realistic in the industrial land market. The site is outside the flood zoning. The land as an industrial site has fair frontage but principally backs Therefore, the total value reported good indust rial development. The , up to h new result in a high but by the comparison approac h, as an impr oved site does g fairly realistic value as an unimproved industrial site. d 1 Correlation It has been previously pointed out in the Basic Data report that a Cost t ed depreciation which is true I Approach is of little value due to the high degree of accru exists in the improvements involved with this property. This especially regarding all of the sheds and corrals . The Income Approach is a weak indicator although several of the sale properties are rented and they provide a basis for reasonable estimates of the I GRM and rent. +I i' I u� J BB - 21 - IWhert J.Mitchell The Market Approach is the most reliable for this type property and reasonable market data is available to lend reliance to this estimate. As a result of all of these considerations , value of the subject Smith/ Pearson ownership is estimated to be $6 ,500. II —d li 22 - Robert J Mitchell INDIVIDUAL AND FAMILY RELOCATION RECORD ' Greeley Urban Renewal Authority tj�Z�F]*Si Interview Date/9-,774,4-7/ Project No. Parcel No. Address 1176-6e2- 40/ -- /- A of'! Apt. Floor S. S. No. Birthplace ekr.4.6y/ Phone 14 U. S. Citizen IG.6 Race %i /D Veteran ✓ Service%(n./</y Marital `S�tat./ Years in City „L 4,--6- In State AL //j/-1Y,4(;This Address -5 Date of Acquisition i'AP•iE RELATIONSHIP AGE INCOME NAME AND ADDRESS OF EMPLOYER L ' Head 6D ac- 4v..g Present Housing Data Structure Dew g Units Stories Floor Tenant Rent /mo. Inc. Util. Furnish. Unfurnisn. _ P + PITT Mtg. Dal. Mat. Date Taxes Owner Mo. ayr., is Furniture; Own all - Part - None Mo. Utility: Gas Elec. :rater and Sew.___ Good - ♦c.la - Fair Sc. Ft. Rooms Bedrooms Poor Hardship Expenses: Medical Other Remarks: Family Desires: Rent Purchase Location Furnished Unfurnished Max. Mo. Py:a't Remarks. Assistance Required: Referred to: On , Informational Statement Delivered: Date By Individual and Family Relocatio.. Record (cont'd) Page 2 RELOCATION DATA ADDRESS COST D,.%T1 .:Eiu.RI:S :,NOTICE TO VACATE NOTICE OF EVICTION Rented Purchase_-- i:.ClOGati01. Address _ Self laoving Co. Du t1:. ��J�V�'d Rent /:;.o. Inc. Ut i I. Furnish. Unfurnish. __.. Closin went Sc,. Feet Pur. Price OwIe, Units Stories_____„_„ Floor ;tms Edrms __Structure `ms`s Relocation Insp. Date for it il. Recittu Ste.__ ___ Substd.-----_--_- Counselor: Board Notified Relocation Payment for Moving Expenses 1. Reimbursement for actual moving expenses (including storage costs , if applicable) or 2. Fixed payment (plus dislocation allow.) Replacement Honsinn Payment - Homeowners A : -mount paid for purchase of home 1. Differential Payment 2. Interest Payment 3. Incidental Expense Total Replacement Housing Payment $ Replacement Housin Payment - Tenant 1. Rental Assistance Payment .L•v 4 ,V or 2. Oownpayaent Assistance Incidental Expense w .Total Replacement Housing Payment • Burger - Fryy�yy Subdivision Survey Form 1 . Name: Cable (gaud ) 2. Address: ,Qi-i - Bcx -2-B 3. Circle One: •wn- renter 4. Number of persons residing at residence. List the number of persons by age and sex. 1 ) Q —in - 2) 3) 4) 5) 6) 5. Are you or any members living in your household members of a minority group? Please note that this question will be used for statistical data only, and is not meant to imply any type of discrimination. List the number of persons in each minority and the minority category. hC 6. Are you or any members of your household handicapped (indicate number)? IM • 7. Does your household lack any plumbing facilities? n o 8. Does your household lack all plumbing facilities? ?e 9. Do you have running water? • @L If not, indicate where you obtain your drinking //water. _ o w� (2)P of cowm tines pep•rtment of Murn0.ewurc•• ODIARAD I TOMS 8ON0 Caima tty Outrmh yp•otuti t 1 OifICI ^ `V PHONE '• +� 2209 9th St.- - 353-8787 . .. "6r•dq. Colo. 80631' inn:, kc e f;, Pearson Parcel - "'Or -- ,, ` Looking southeasterly � �• v4`, I- at street frontage and front of main residence. N T R .. [I it_ V — �' y Iiip, IIN�� It., "aia 1Y a d f m•` ` d• 3.E ii YeY'r4 a��l °N� ��` f $t::' A T .i. .. "• lk ,II ' ` Looking northeasterly ��' "�I �� — I 1 4- at driveway and front - of main residence. a 4 Ft A .4,4-4r !, s.. ' '4,+I !l i i r it L I f ' .— t Oa NE 1 II►•—'"'__.w '1W.4 _ !i' '.`II • l .� M1i. \ N '�0 4 5 • " —,.{ a 4 T y .4 In N 'fr t J V Y,• f ,A I i 4 7 #Y � 4., ._ F 1y t f I I I ` J I � 14. F Looking easterly through III •�, ., p•n I_I_ the center portion of the d k : - !ir site. — F 4. M; a .. -- Nr # �. �, i w G" .'t .j r )➢".'`. .4 4,V Looking southeasterly ! f at old trailer house. - -- l i . 1 _ 11 , • f1 r . • :i• 45•.4 I iii s. M f Looking westerly at — « %i'`* . - _ { \' . Ew i Y: •f southeast portion of ' I - r . srw the site. P �'_ ._ trx t MI�aa 7 f ,, - iiiiiiitoRet 't t ‘ ' ;11-- If �u , fi %A A t - - k: '�!.. ,T {; _ t I ." 1 4'.1,1.,..::.;‘,' 1 lr,"h .:...00v....-. ' Till i 1 r, !F k• 4 . ! Iti �� -recoil , Looking northwesterly ! -._ at northwest portion of ._ _ * . ..' �_. the site, - t, r _ .--..c:::5,- ^F i • 1',' ;4 F! 1.•y 1 S Hello