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Home My WebLink About20160476.tiff RESOLUTION RE: APPROVE PETITION FOR ABATEMENT OR REFUND OF TAXES, IN PART - CARESTREAM HEALTH, INC. WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 1st day of February, 2016, at which meeting there were present the following members: Chair Mike Freeman, and Commissioners Sean P. Conway, Julie A. Cozad, Barbara Kirkmeyer, and Steve Moreno, and WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, with said Assessor, Christopher Woodruff, being present, and taxpayer, Carestream Health, Inc., not being present, and WHEREAS, the Board of County Commissioners has carefully considered the attached petition, and is fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the Assessor and the petition be and hereby is, approved in part, and an abatement or refund be allowed as follows: CORRECTION TO ASSESSED ABATEMENT TAX VALUATION OR REFUND YEAR $9,447,380.00 $143,120.98 2013 $8,913,760.00 $173,630.82 2014 CC cr 317 2016-0476 AS0093 TAX ABATEMENT PETITION -CARESTREAM HEALTH, INC. PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 1st day of February, A.D., 2016. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST:C�,� tof , a►• o'�i�, �G// G1/ Mike Freeman, Chair Weld County Clerk to the Board Sean P. Conway, Pro-Tem BY: t. . 1. _ �1/ . 1 ! r ty Clerk to the =oard ��•'�+� ��" v„ . Ju Cozad ijoiLiy,Laz APPR• : AS T� r�_._ I• 1861 i ' : rbara irkmeyer y orney ,l/ Ch l ��. Steve Moreno Date of signature: � s � 2016-0476 AS0093 { t v \ PETITION FOR ABATEMENT OR REFUND OF TAX ECEIVED County:WELD Date Recceiivv�edd�/�� • �,�� (Use Assessor's� �G.V mmissioners'ppt�6tarpp)� �O� �� Section I: Petitioner,please complete Section I only. �`aTw`,/rr�Lc f1(Ju (J IPa .10. I • Date: July 29 2015 WAD COUNTY AS$@SSOR Month Day Year MAR 0 7 2016 GREELEY, COLORADO Petitioner s Name: Carestream Health, Inc. t� Petitioner's Mailing Address: 150 Verona Street WELD COUNTY Rochester New gpMMISSIONS City or Town State Zip Code RECEIVED SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY P0008515 KCD Health W2 26 6 67 JAN 0 7 2016 WELD COUNTY OlvIPetitioner requests an abatement or refund of the appropriate taxes and states that the taxes assessed againcuie above property for property tax year(s) 2013 and 2014 are incorrect for the following reasons: (Briefly describe why the taxes have been levied erroneously or illegally,whether due to erroneous valuation, irregularity in levying,clerical error or overvaluation. Attach additional sheets if necessary.) The Notice of Determination dated 7/10/2015 reduced the valuation of 2015 Personal Property from$38,262,779 to $29,287,031 due to sensitizing assets obsolescence.The Assessor's determination of value was based on:"4 tri t_- "PP09-Your personal property valuation has been adjusted based on additional information which you furred --+,< our office".The valuation reduction relted to sensitizing assets only. -*1 2+p Sensitizing assets were included in the 2013 and 2014 returns when the same obsolescence existed. Atta1ld ism analysis showing sensitizing asset actual values for 2013,2014 and the requested refund amounts. N o 0t'4CJ Petitioner's estimate of value: $29,114,243 ( 2013 )and $28,897,254 ( 201>_ CD ) c-,--L, Value Year Value Year O r = r-x) O-t t I declare, under penalty of perjury in the second degree,that this petition,together with any accompanying a=ibit,D..< or statements,has been prepared or examined by me,and to the best of my knowledge, information and belief,isp true,cor ct,and complete. III #t-ri-L ' "- Daytime Phone Number(585)627-6636 Petitioner's Signature By Daytime Phone Number( ) Agent's Signature* 'Letter of agency must be attached when petition is submitted by an agent If the Board of County Commissioners,pursuant to§39-10-114(1),C.R.S.,or the Property Tax Administrator,pursuant to§39-2-116,C.R.S., denies the petition for refund or abatement of taxes in whole or in part,the Petitioner may appeal to the Board of Assessment Appeals pursuant to the provisions of§39-2-125,C.R.S.,within thirty days of the entry of any such decision,§39-10-114.5(1),C.R.S. Section 11: Assessor's Recommendation (For Assessor's Use Only) Tax Year 2013 Tax Year 022'1 Actual Assessed Tax Actual Assessed Tax �� 1 903 yG2,7S OriginaT�0�5�10��i1s•� �� )�1�820'D� ��' .� 30.60 ))Ip3yI3Ro,0o � Correctef161i_ _J O� `27,r��.6DTPS�ool.to 3o��3']1ll�f.00�glgt3l�bo.0u 72qigr31.43 Abate/Refu 5I9Ji/y30.00 S Isla 1yYo.o04i1431120.914iiv ,Si6.00 42212o�oleo 0113,E035.le Assessor recommends approval as outlined above. If the request for abatement is based upon the grounds of overvaluation,no abatement or refund of taxes shall be made if an objection or protest to such valuation has been filed and a Notice of Determination has been mailed to the taxpayer,§39-10-114(1)(a)(I)(D),C.R.S. Tax year: Protest? 0 No 0 Yes (If a protest was filed,please attach a copy of the NOD.) Tax year: Protest? 0 No 0 Yes (If a protest was filed,please attach a copy of the NOD.) • O Assessor recommends denial for the following reason(s): 2016-0476 L , Assessor's o ep sses or's Si n ture 15-DPT-AR No.920-66/11 f r FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section III or Section IV must be completed) Every petition for abatement or refund filed pursuant to §39-10-114,C.R.S.shall be acted upon pursuant to the provisions of this section by the Board of County Commissioners or the Assessor,as appropriate,within six months of the date of filing such petition,§39-1-113(1.7),C.R.S. Section III: Written Mutual Agreement of Assessor and Petitioner • (Only for abatements up to$10,000) The Commissioners of County authorize the Assessor by Resolution No. to review petitions for abatement or refund and to settle by written mutual agreement any such petition of r abatement or refund in an amount of$10,000 or less per tract,parcel,or lot of land or per schedule of personal property,in accordance with§39-1-113(1.5),C.R.S. The Assessor and Petitioner mutually agree to the values and tax abatement/refund of: Tax Year Tax Year Actual Assessed Tax Actual Assessed Tax Original Corrected Abate/Refund Note:The total tax amount does not include accrued interest,penalties,and fees associated with late and/or delinquent tax payments,if applicable. Please contact the County Treasurer for full payment information. Petitioner's Signature Date Assessor's or Deputy Assessor's Signature Date �" Section IV: Decision of the County Commissi ers (Must be completed if Section III does not a y) WHEREAS,the County Commissioners of Cou ,State of Colorado,at a duly and lawfully called regular meeting held on / / ,at which meeti there were present the following members: Month Day Year Ill with notice of such meeting and an opportunity to be pre nt having been given to the Petitioner and the Assessor of said County and Assessor (being present--not present)and e Petitioner (being present--not present),and WHEREAS,the said Name County Commissioners have carefully conside d the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,that the Board(ag es--does not agree)with the recommendation of the Assessor and the petition be(approved--approved' part--denied)with an abatement/refund as follows: Year Assessed Value Tax Abate/Refund Year Assessed Value Taxes Abate/Refund Chairperson of the Board of County Commissioners'Signature I, County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementione county,do hereby certify that the above and foregoing order is truly copied from the record of the proceedings the Board of County Commissioners. IN WITNESS WHEREO ,I have hereunto set my hand and affixed the seal of said County outy f this day f , 7Git�1..,, I)'j'je{/�I Month Year l ounty Clerk's or Deputy County Clerk's Signature Note: Abatements gre er than$10,000 per schedule,per year,must be submitted in duplicate to the Property Tax Administrator for review. Section V: Action of the Property Tax Administrator (For all abatements greater than$10,000) • ion Board of County Commissioners, relative to this abatement petition,is hereby ved O App ved in art$ Denied the folio n reason(s):r___261,13• 4/0blie Secretary's Signature Pr dminist or' gnatu Date t 15-DPT r / o.920-66/11 Carestream Health Holdings, Inc. Carestream Health, Inc. Grant of Authority—Tax Department June 30, 2015 I, Joseph F. Ruh, Secretary of Carestream Health Holdings, Inc., and Carestream Health, Inc. (the"Corporations")was granted certain authority pursuant to the following resolutions duly adopted by the Boards of Directors of the Corporations: RESOLVED,that the Secretary of the Corporation is delegated the authority to identify,whether by name or title,those persons who shall be authorized to execute documents on behalf of the Corporation, and to impose restrictions or limitations on the authority granted,to the extent appropriate. Authorizations shall be in writing and shall be filed by the Secretary in the records of the Corporation. My such action by the Secretary prior to the date hereof is hereby ratified. Pursuant to those resolutions, I hereby grant the following signature authority: TAX DEPARTMENT The Chief Tax Officer, and the Senior Tax Managers (Terrence D. Byrnes, Sarah E.Wake, and OevIdtCrCrantIs) of Carestream Health, Inc., are each authorized to execute, in the name and on behalf of Carestream Health Holdings, Inc., and its Related Entities as per the attached Schedule 1: 1. Tax returns and annual reports and amendments thereto; 2. Applications for extensions of time to file tax returns, Form 872-Consent to Extend the Time to Assess Tax, Form 870-AD-Offer to Waive Restrictions on Assessment and Collection of Tax Deficiency and to Accept Overassessment; 3. Annual returns of employee benefit plans, including amendments thereto, applications for extensions of time to file such returns, and other related documents filed with government authorities; and 4. All filings with the Pension Benefit Guarantee Corporation. 5. All other tax-related documents on behalf of Carestream Health Holdings, Inc. and its Related Entities per the attached Schedule 1; This authorization will continue until rescinded by the Secretary or the Board of Directors of either Corporation. A copy of this Grant has been filed in the records of the Secretary. •s:•h F. Ruh, Secretary a =stream Health, Inc. restream Health Holdings, Inc. Page 1 of 2 Schedule 1 Grant of Authority-Tax Carestream Health Holdings, Inc. Carestream Health, Inc. Related Entities ALGOTEC, INC. CADI ACQUISITION CO. CARESTREAM DENTAL LLC (FM PRACTICEWORKS SYSTEMS LLC) CARESTREAM HEALTH ACQUISITION, LLC CARESTREAM HEALTH CANADA HOLDINGS, INC. CARESTREAM HEALTH HOLDINGS, INC. CARESTREAM HEALTH INTERNATIONAL HOLDINGS INC. CARESTREAM HEALTH INTERNATIONAL MANAGEMENT COMPANY INC. CARESTREASM HEALTH WORLD HOLDINGS LLC CARESTREAM HEALTH, INC. LUMISYS HOLDING CO. OREX COMPUTED RADIOGRAPHY U.S., INC. PRACTICEWORKS, INC. QUANTUM MEDICAL HOLDINGS, LLC QUANTUM MEDICAL IMAGING, LLC SOFT DENT LLC Page 2 of 2 or t (9- j, HEALTH 150 Verona Street Rochester_NY 14605 July 29, 2015 Via Certified Mail Return Receipt Requested Christopher M. Woodruff Weld County Assessor 1400 N. 17th Avenue Greeley, CO 80631 Ref: Petition For Abatement Or Refund of Taxes Schedule Number: P0008515 Year 2014 and 2013 Dear Mr. Woodruff: Please find enclosed form Petition For Abatement Or Refund of Taxes and supporting documents related to sensitizing Personal Property assets taxed in 2014 and 2013. These same assets were the subject of a Notice of Determination for 2015 values in which sensitizing asset values were reduced to account for obsolescence and idle days. This Petition requests a refund of taxes paid on sensitizing assets for 2014 and 2013. Analysis of idle days for sensitizing assets in 2015 showed 271.3 days. The 2015 Notice Of Determination reduced sensitizing asset values by 39.7333% and below is a summary of the reduction. Actual/Pro Rata Assessed/Pro Account Type Year Description Value Rata Value Personal P0008515 Property 2015 Sensitizing and Non-sensitizing $38,262,779 $11,096,206 Combined Personal Property 2015 Sensitizing only $22,589,961. .• $6,551,089 (Sensitizing) Personal Assessor's approved valuation Property(non- 2015 upon appeal(Non-sensitizing $15,672,818 $4,545,117 sensitizing) assets-no change) Personal Assessor's approved valuation Property 2015 upon appeal(Sensitizing assets $13,614,214 $3,948,122 (Sensitizing) reduced by 39.7333%) Personal Property 2015 Assessor's approved values upon appeal $29,287,032 $8,493,239 Combined Personal Property: 2014 and 2013 The protest of the 2015 Personal Property valuation included analysis of idle days for sensitizing assets in 2015 (271.3), 2014 (274.9) and 2013 (258.1). The 2015 Notice Of Determination acknowledged sensitizing asset obsolescence and reduced their values by 39.7333%. This Petition requests a refund of taxes paid on sensitizing assets for 2014 and 2013 using the 39.7333%reduction approved for 2015 and as calculated in the following analysis: Assessed/ Tax Mill Rate Petition Account Type Year Description Actual/Pro Pro Rata 2014-.081877 for Rata Value Value 2015-.083092 Refund Personal Sensitizing and Non- P0008515 Property 2014 $38,049,630 $11,034,393 $903,463 sensitizing Combined Personal 2014 Sensitizing only $23,034,522 $6,680,011 Property (Sensitizing) Requested value based on Pro-rated 2014 2015 reduction of sensitizing $13,882,146 $4,025,822 (Sensitizing) asset valuation of 39.7333% Personal Property 2014 Requested total value $28,897,254 $8,380,204 $686,146 $217,317 Combined Sensitizing and Non- P0008515 Personal 2013 sensitizing $38,516,615 $11,169,818 $928,123 Property Combined Personal 2013 Sensitizing only $23,663,707 $6,862,475 Property (Sensitizing) Requested value based on Personal 2013 2015 reduction of sensitizing $14,261,335 $4,135,787 Property asset valuation of 39.7333% (Sensitizing) Personal 2013 Requested total value $29,114,243 $8,443,131 $701,557 $226,566 Property Combined Total Petition for Refund $443,883 We are available for further discussions on our Petition for refund if necessary.Your consideration in this matter is much appreciated. Sincerel , yid Cranks, CPA Senior Tax Manager David.Cranks@Carestream.com Office: 585-627-6636 Enclosures cc Greg Wright, Manufacturing Finance Manager Jan Riet,VP Tax 11 TABLE OF CONTENTS Exhibit A Petition for Abatement or Refund of Taxes(incl.Signatory Grant of Authority) Exhibit B 2015:Notice of Determination; Personal Property Notice of Valuation; NOV Protest Letter Exhibit C 2014:Personal Property Tax Notice;Personal Property Notice of Valuation • Exhibit D 2013:Property Tax Notice;Personal Property Notice of Valuation Exhibit E 2013 and 2014 Sensitizing Assets(on CD) • NOTICE OF DETERMINATION Christopher M. Woodruff Date of Notice: 07/10/2015 Weld County Assessor Telephone: (970) 353-3845 1400 N 17th Ave Fax: (970) 304-6433 Greeley, CO 80631 Office Hours: 8:00AM-5:00PM P0008515 2015 0400 KCD HEALTH W2 26 6 67 ;,•, CARESTREAM HEALTH INC I 150 VERONA ST ROCHESTER,NY 14608-1733 a A QE s xy.• v -.r • a,a ysta L A PERSONAL PROPERTY 38,262,779 29,287,031 ® 401AL $38,262,779 $29,287,031 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: PP09- Your personal property valuation has been adjusted based on additional information which you furnished our office. If you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing personal property appeals is July 20. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. Agent(If Applicable): • 15-DPT-AR PR 207-08/13 P0008515 8783464 E PERSONAL PROPERTY NOTICE OF VALUATION • Christopher M. Woodruff Date of Notice: 06/15/2015 Weld Assessor Telephone: (970) 353-3845 x 3650 1400 N 17th Avenue Fax: (970) 304-6433 Greeley, CO 80631 Office Hours: 8:00 AM—5:00 PM www.weldaov.com Email: appeals@weldgov.com g r P0008515 2015 0400 i. CARESTREAM HEALTH INC KCD HEALTH W2 26 6 67 150 VERONA ST � ROCHESTER,NY 14608-1733 y'.. ''T- ;4 1 1 Fr'"':a l4 '.a*�`.a,>r� en. ems '» a r ��.,, ,�•• I, ,:e,, OA, $s:. PERSONAL PROPERTY 38,049,630 38,262,779 +213,149 k N ' ' --- - A .0,-- ,, 0 -,,, ,-. $38,049,630 $38,262,779 $213,149 e'4te-,, nn; AA i" - O41 t— The assessment rate for personal prop:, y - 29 .,of the current year actual value, § 39-1-104(1), C.R.S. N. The tax notice you receive next Janu We sased on the current year actual value. You have the rtWeipg t tof rotest the valuation of your personal property. Yo -2015 estimate of taxes (payable in 2016) is: * ' ESTIMATED TAX AMOUNT: $908,524 e 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, § 39-5-121(1.5), C.R.S. Please refer to the reverse side of this notice for additional information. III 15-DPT-AR NOV 185-85/13 NOV#8390254 Pac1 * rift- 5 r * if) • HEATH 150 Verona Street Rochester_NY 14608 June 18, 2015 Via Certified Mail Return Receipt Requested Christopher M. Woodruff Weld County assessor 1400 N. 17th Avenue Greeley, CO 80631 Ref: Protest: Personal Property Notice of Valuation(NOV) Schedule Number: P0008515 Year 2015: Actual Value: $38,262,779 Dear Mr. Woodruff: 0 Further to our conference call on April 8 to discuss the fall in production of certain Carestream products and the reduction in asset utilization, it was agreed that we would file an appeal of the 2015 valuations of assets related to our sensitizing operations. The related assets include personal and real property assets. An appeal of the Real Property Notice of valuation was filed May 28. This submission is support for our appeal of the 2015 Personal Property asset valuations related to our sensitizing assets only. A list of sensitizing assets was provided electronically(Exhibit A). Background Legacy x-ray film products continue to lose global market share to digital products which has led to an average reduction in the utilization of assets producing film products of approximately 73%in recent years (Exhibit B: Annual Idle Days). Sensitizing assets used exclusively for producing film products have long suffered from functional and economic obsolescence which is not reflected in assessed values (Exhibit C). The purpose of this appeal is to provide an estimate of the Actual Value of the applicable buildings, land,machinery and other assets associated with the Weld County sensitizing facilities as of January 1, 2015 for property tax purposes. We ask that the cost approach be considered in approving our request. Market Approach A market approach seems to be least appropriate in our circumstances due to the uniqueness of the • business and the fact that it is very unlikely a buyer exists for the sensitizing assets. Income Approach oTThe income approach for valuation purposes is not reasonably feasible to definitively allocate income streams to each individual sensitizing asset in conjunction with other assets (such as intangibles) of the business. Cost Approach The Cost Approach relies upon the principle of substitution and recognizes that a prudent investor will pay no more for an asset than the cost to replace it new with an identical or similar unit of equal utility. The first step in the cost approach is to determine the current replacement cost new or cost of reproduction new for the subject assets. Under this approach,value is determined by adjusting the reproduction/replacement cost new by the loss in value due to physical, functional, and economic obsolescence for each asset. The definitions of these are as follows: Physical Depreciation—A reduction in value from Replacement Cost New caused by wear and ► Y P tear, decay, deterioration due to age, and loss not prevented by current maintenance. ► Functional Obsolescence—The loss in value or usefulness of an asset caused by inefficiencies or inadequacies of the asset itself,when compared to more efficient or less costly replacement assets due to new technologies,excess operating costs,excess construction(excess capital cost), overcapacity, inadequacy, or lack of utility. ► Economic Obsolescence—The loss in value caused by adverse conditions external to the • property, such as poor market demand for the product, industrial reorientation,unavailability of transportation, and excessive governmental regulations. We believe that both forms of obsolescence are evident in the number of idledays. (Exhibit B)Reduced production has raised manufacturing costs, lowered margins, created excess capacity resulting in excess capital and operating costs, and lowered the return on sensitizing asset investments. These fixed and variable costs are higher than they would be if using new or similar assets for the product demand. The cost of building and maintaining new or similar assets to support the current production level would be significantly less than the existing sensitizing facilities.New sensitizing assets would most likely need: much less land;have a much smaller footprint and production assets; employ more cost effective technology;have lower operating and maintenance costs and require fewer employees. Our appeal of the sensitizing asset valuations requests that the current Actual Values be reduced by 50% to reflect the effects of obsolescence. Similarly, we request that future sensitizing asset additions be initially reported at 50% of cost. This is a conservative estimate given the average reduction in production asset utilization of over 73% since 2012 and the likely continued increase in the number of idle days in the future. The above assertions can be supported by manufacturing data which can be provided as necessary. Personal Property 0 The 1/1/2015 Schedule P0008515 (including sensitizing related assets) showed an Actual Value of $38,262,779. 2015 reported sensitizing assets Actual value was $22,589,961. The 2015 Personal Property Notice of Valuation and Protest forms are attached. (Exhibit D) 1 ' # Assessed/ Requested ® Account Type Year ( Description Sldgs Acres Actual/Pro Pro Rata Value @ L__ _E _ Rata Value Value 50% -- -- Personal Personal Property- P0008515 Property 2015 forecast ! $38,262,779 $11,096,206 Pro-rated Personal (Sensitizing) 2015 Property $22,589,961 i $6,551,089 $3,275,544 Requested i I combined 2015 valuation ' $26,967,799 1 $7,820,662 ! i ` While the likelihood of a recovery in sensitizing asset production level seems remote, we continue to make every effort to maximize sensitizing asset productive capacities which is critical as we retain or grow our employment level which is currently about 400. Also,the need to minimize our facilities costs, including property taxes, is a key factor in employment sustainability, We are available for further discussions on our requested valuation adjustments and would welcome you to tour the sensitizing facilities if necessary. Your consideration of our requests in this matter is much appreciated. 0 Sincerely, ., f f 7,.4:-/i'Z' ,f i,,--1 e-t-43- `'�'�David Cranks,CPA Senior Tax Manager David.Cranks(CL. '.arestrea321.com Office: 585-627-6636 Attachments cc Greg Wright, Manufacturing Finance Manager Jan 'tie,VP Tax COLORADO REAL PROPERTY NOTICE OF VALUATION PROTEST TABLE OF CONTENTS Page Exhibit A: 2015 Sensitizing Assets Electronically Exhibit D: 2015 Personal Property Notice of Valuation and Protest Forms. 1-3 Exhibit B: Sensitizing Facilities Idle Days Summary Graph 4 Exhibit B: Utilization Summary Data 5 Exhibit C: Real and Personal Property Valuations 2007-2014 6 PERSONAL PROPERTY NOTICE OF VALUATION Christopher M. Woodruff Date of Notice: 06/15/2015 Weld Assessor Telephone: (970) 353-3845 x 3650 1400 N 17th Avenue Fax: (970) 304-6433 Greeley, CO 80631 Office Hours: 8:00 AM—5:00 PM www.weldaov.com Email: appeals@weldgov.com E € PE YSICAL.LOCATIO OP SCHE©ULE NUMBER Y" TAX YEAR 'FAX AREA PERSONAL'-PROPERTY P0008515 2015 0400 CARESTREAM HEALTH INC KCD HEALTH W2 26 6 67 Z150 VERONA ST ROCHESTER,NY 14608-1733 LU PROPERTY CiLA {E[C�OTIO s r tIA.1CAE1 � OR CFANGE PE CURRENT 1t�EAR`�a PERSONAL PROPERTY 38,049,630 38,262,779 +213,149 • m DOTAL- w" $38,049,630 ,, $38,262,719 $213,149 The assessment rate for personal property fs, 29°fa -of the current year actual value, § 39-1-104(1), C.R.S. " The tax notice you receive next January ill be based on the current year actual value. You have the right to protest the valuation of your personal property. Your 2015 estimate of taxes (payable in 2016) is: ESTIMATED TAX AMOUNT: $908,524 � ,. The 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, § 39-5-121(1.5), C.R.S. Please refer to the reverse side of this notice for additional information. • 15-DPT-AR NOV 185-85/13 N0V#8390254 • VALUATION INFORMATION Persona property (furnishings, machinery, and equipment) is valued according to its use and condition as of January 1. The value of personal property is based on cons deration of the market, cost, and income approaches to value, § 39-1-103(5)(a), C.R.S. If you did not submit a Declaration Schedule as required by§39-5-108, C.R.S., the current year actual value shov,n on the front of this Notice of Valuation is based on the best information n'2} available pursuant to §, 39-5-11 ni,�,(a), C.R.V. PERSONAL PROPERTY PROTEST PROCEDURES Hearings will be held from June 15 through June 30 at 1400N17`hAve from 8:00 AM—5:00 PM To assist you in the protest process, you may elect to complete and submit the enclosed Protest BY MAIL: if you wish to protest in writing, please include your estimate of property value and any additional documentation that you believe supports a change in the valuation of your property. Written protests must be postmarked no later c 3a 2(2 C.R.S. You may be required to prove June 30, � 3�-5-12 that you mailed your protest on or before the June 30 deadline;therefore, we recommend that you retain proof of mailing. IN PERSON: If you wish to protest in person, present to the Assessor's office your estimate of property value and a copy of any documentation that you befeve supports a change in the valuation of your property. You must appear in the office of the County Assessor no later than June 30, .fi 39-5-122(2), C.R.S. t , Ave, Greeley, COBY 1s1.A`L. 1 :00 N 1-,�. u 80631 FAX: 970-3€04-8''.33 EMAIL: aooeals^weidaoy.OOm ONLINE: http://www.co.weld.co.uslappstassessorlappeal To preserve your appeal rights, your protest must be either postmarked or received by the Assessor no later than June 30—after such date, your right to protest is lost. The Assessor must ma I a Notice of Determination to you on or before July 10. If you disagree the determination, or if you do not receive a Notice of Determination, you must with Assessor's submit a written appeal to the County Board of Equalization on or before July 20 if you wish to continue your appeal, § 39-8-106(1)(a) and ,(3s'. C.R.S. If the dare for filing any report; schedule claim, tax return, statement, rem stance. or other document upon a Saturday Sunday„ or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120,3;, C.R.S. o PERSONAL PROPERTY PROTEST FORM Christopher M. Woodruff Date of Notice: 06/15/2015 Weld Assessor Telephone: (970) 353-3845 x 3650 1400 N 17'N Avenue Fax: (970) 304-6433 Greeley,CO 80631 Office Hours: 8:00 AM—5:00 PM www.weldaov.com Email: appeals@weldgov.com PHYSICAL LOCATION OF I SCHEDULE NUMBER l TAf YE.A TAt AREA PERSONAL PROPERTY- 3 ( G8515 2015 G-00 CARESTREAM HEALTH INC KCD HEALTH W2 26 6 67 III 150 V'ERONA ST ! z ROCHESTER.NY 146'08-'733 OI } 'r 2 L O c ACTUAL VALUE OR CHANGE P ERTY CLASSIFICATION PR;OP YEAR. .._,:' CU�RRE ₹'['YEAR PERSONAL PROPERTY 38,049,630 38,262.779 } i II ; TOTAL I 538,049,830 } 538,262,779 $213,149 YOU MAY USE THIS FORM TO BEGIN AND LASTHE P THE PROTEST T THE ASSESSOR. PROCESS.RPLEASE COMPLETE THE FORM What is your estimate of the property's value? $2(2,F` i47 ;let et What is the basis for your estimate of value or your reason for requesting a review?original (Please ed attcach additional sheets as necessary and any supporting documentation, i g, comparable sales, rental income,etc.) fir- r t r..z. v AGENT AUTHORIZATION I I. the undersigned owner of the property identified above, authorize the agent named below to act on my behalf in the property tax protest for the tax year shown above. Agent's Name(Please Print) Signature of Property Owner Agent's Street Address Date Agent's City,State, Zip Code Agent's Telephone Number � ATTESTATION -_ ; .. ..; ;�� ,, . � �u wined l the ndersigned owner or agent of the property identified abowo, affirm that the state—_ �. her "owaprattaonments hereto are true and complete. / i t �,�,if t Aad --'4--C'S.- 6'17 6636, ! •.., ' ure Telephone Number Date 15-DPT-AR . 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O es _7:+ri ar ; _ __ ..__.-�._0 ._______-- 0 �. 0 0 c 44 0 ill 0 0 nsil M m N M ' a }n Carestream Products ier Custom Experiments Maintenance Idle Total 2008 106.3 219.8 4.5 10.6 24.8 366.0 2009 96.8 215.2 16.8 13.8 22.4 365.0 2010 115.2 127.0 26.9 9.7 86.2 365.0 2011 102.2 88.6 16.1 15.2 142.9 365.0 2012 87.5 53.6 10.1 4.3 210.5 366.0 2013 74.4 11.3 16.9 4.3 258.1 365.0 2014 67.3 11.6 6.9 4.3 274.9 365.0 2015 Plan 67.4 10.0 12.0 4.3 271.3 365.0 ,., . . E±1 0 . N to to C 0C3 r N u! N N N M O C'') 15 X ^ C 43 r V 5 1"' 64 64 63 63 663 64 N M N 47 V C Cy M C' cc cc C C �� o •M d Oc3 Ca NCUCa rM X U) 6-6- r C4 C3 r-- C.1 ' • Q F � N N N ON VP N a c- o I m e c N M O M C^ O f1 4s C' �. C Q — N ♦. C1 p LV O ci - L. N N > srNCDCDu1N r Vi c\i - OD c' 0 O w ti ci cc cc 00 00 c Ea OD ^- G G N M M cc CY'Cr, CI aD cO N co a 4J 4 c G M N CI CD • =� v c 2 C ai C^i. h co e5 co C'3 _ _' C3 C CO c" CD CD 5 a 733 R wt cc cc co 'r S c2 S'3 J j _ J M N N Ci N N N 0 4) P .r o -5 CO r'-, r'-. 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' ROCHESTER NY 14608-1733 Retain this portion for your records ,,r8sl WELD COUNTY TREASURER P.O.Box 458- Make Checks Payable To;WELD COUNTY TREASURER �_ � �� 1400 Ni7a'AVE , _ GREELEY,CO 80632-0458 POST DATED CHECKS ARE NOT ACCEPTED ''illiiir' ACCOUNT# P0008515 PERSONAL PROPERTY TAX PARCEL# 080734100017 NOTICE TAX DISTRICT: 0400 2014 TAXES DUE IN 2015 AUTHORITY LEVY CREDIT NET LEVY TAX VALUATION ACTUAL ASSESSED WELD COUNTY 22.038 6.23800 15.80000 $174,343.37 LAND SCHOOL DIST RE4 0.00000 47.29700 $521,893.55 BUILDINGS/IMPROVE $0 $0 NORTHERN COLORADO W 0.00000 1.00000 $11,034.39 PERSONAL $38,049,630 $11,034,390 WINDSOR-SEVERANCE FIR 0.00000 7.19400 $79,381.40 TOTAL $38,049,630 $11,034,390 WINDSOR-SEVERANCE FIR 0.00000 0.66100 $7,293.73 SENNET EXEMPTION $0 $0 AIMS JUNIOR COLLEGE 0.00000 6.33300 $69,880.79 NET TOTAL $38,049,630 $11,034,390 $ CLEARVIEW LIBRARY 0.00000 3.59200 $39,635.53 • MESSAGES ' TOTAL NETLEVY=81 87700 $3'462.76 $0.00 #1 Making a Payment #2 Delinquent Payments SPECIAL ASSESSMENT, $0.00 #3 Payment Receipt #4&5 Senior or Vet Exemption GRAND TOTAL $903,462.76 Email Verification Code:ZMJ7TSXS The value of your property for 2015 will not change from the values shown on this tax notice unless the Assessor's office sends you a notice of value in May or June,2015. SB 25-In absence of State Legislature Funding,your School General Fund mill levy would have been 68.9680 LEGAL DESCRIPTION OF PROPERTY KCD H AL W2 26 6 67 PAYMENT DUE DATE AMOUNT FIRST HALF MARCH 2, 2015 $451,731.38 SECOND HALF JUNE 15,2015 $451,731.38 FULL PAYMENT APRIL 30, 2015 $903,462.76 C PERSONAL PROPERTY NOTICE OF VALUATION 0 Christopher M. Woodruff Date of Notice: 06/13/2014 Weld Assessor Telephone: (970) 353-3845 1400 North 17th Avenue Fax: (970) 304-6433 Greeley, CO 80631 Office Hours: 8:00 AM - 5:00 PM www.weldaov.com Email: appeals@weldgov.com , 3 i " 1 Ufa! P0008515 2014 0400 4y„ .j CARESTREAM HEALTH INC KCD HEALTH W2 26 6 67 4 ATTN: JIM FOREMAN 150 VERONA ST CARESTREAM HEALTH INC ROCHESTER,NY 14608 PERSONAL PROPERTY $38,516,615 $38,049,630 -$466,985 0 , A $38,516,615 $38,049, ' -$466,985 *---:<-:'6;*--:,e The assessment rate for personal prop-'''y_1' 29 I. of the current year actual value, § 39-1-104(1), C.R.S. The tax notice you receive next Janu be eased on the current year actual value. You have th ig t to rotest the valuation of your personal property.„ You 2014 estimate of taxes (payable in 2015) is: ESTIMATED TAX AMOUNT: $916,870 i f e tax amount is merely an estimate based upon the best information a, available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, §39-5-121(1.5), C.R.S. Please refer to the reverse side of this notice for additional information. O15-DPT-AR NOV 185-85/13 NOV#1150454 WELD COUNTY TREASURER Retain this portion for your records v'44 zg - + P.O.BOX 458 1400 N 17th AVE Make Checks Payable To:WELD COUNTY TREASURER ';ka 1 41) gig p GREELEY,CO 80632-0458 POST DATED CHECKS ARE NOT ACCEPTED Or I , z PERSONAL PROPERTY TAX ACCOUNT # P0008515 NOTICE PARCEL# 080734100017 2013 TAXES DUE IN 2014 TAX DISTRICT: 0400 AUTHORITY LEVY CREDIT NET LEVY TAX VALUATION ACTUAL ASSESSED WELD COUNTY 22.038 5.23400 16.80400 $187,697.65 LAND $0 $0 SCHOOL DIST RE4 0.00000 47.50500 $530,622.30 BUILDINGS/IMPROVE $0 $0 NORTHERN COLORADO WATER( 0.00000 1'.00000 $11,169.82 PERSONAL $38,516,615 $11,169,820 WINDSOR-SEVERANCE FIRE 0.00000 7.19400 $80,355.68 TOTAL $38,516,615 $11,169,820 WINDSOR-SEVERANCE FIRE(B 0.00000 0.72900 $8,142.80 SENNET EXEMPTION $0 $0 AIMS JUNIOR COLLEGE 0.00000 6.30200 $70,392.21 NET TOTAL $38,516,615 $11,169,820 CLEARVIEW LIBRARY 0.00000 3.55800 $39,742.22 MESSAGES TOTAL FETEE LEVY=83.09200 $928'1$0.00 #1 Making a Payment #2 Delincuent Payments SPECIAL ASSESSMENT $0.00 #3 Payment Receipt #4&5 Senior or Vet Exemption GRAND TOTAL $928,122.68 Email Verification Code: NJJNQYQV The value of your property for 2014 will not change from the values shown on this tax notice unless the Assessor's office sends you a notice of value in May or June,2014. SB 25-In absence of State Legislature Funding,your School General Fund mill levy would have been 69.0530 LEGAL DESCRIPTION OF PROPERTY KCD HEALTH W2 26 6 67 PAYMENT DUE DATE AMOUNT FIRST HALF FEBRUARY 28,2014 $464,061.34 SECOND HALF JUNE 16, 2014 $464,061.34 FULL PAYMENT APRIL 30,2014 $928,122.68 PERSONAL PROPERTY NOTICE OF VALUATION Christopher M. Woodruff Date of Notice: 06/14/2013 Weld Assessor Telephone: (970)353-3845 1400 North 17th Avenue Fax: (970)304-6433 Greeley, CO 80631 Office Hours: 8:00 AM -5:00 PM www.weldgov.com Email: appeals@weldgov.com SCHEDULE NUMBER TAXYEAR TAX AREA PHYSICAL;LOC . OFs�°Q K P0008515 2013 0400 • CARESTREAM HEALTH INC KCD HEALTH W2 26 6 67 ATTN: JIM FOREMAN 150 VERONA ST CARESTREAM HEALTH INC ROCHESTER,NY 14608 at tri ! n. YEAR PROPERTY CLASSIFICATION U ' , AR +OR CHANGE PKIOR YEAR y 4 �1terir' PERSONAL PROPERTY 38,177,685 38,516,615 +33V30 TOTAL $38,177,685 $38,516, 5 ' $338,930 The assessment rate for personal prope � 2 of the current year actual value, § 39-1-104(1), C.R.S. The tax notice you receive next Ja I b- - ed on the current year actual value. You have th right to**protest the valuation of your personal property. Yo r 2O13 estimate of taxes(payable in 2014) is: ESTIMATED TAX AMOUNT: $934,121 e tax amount is merely an estimate based upon the best information e.available.You have the right to protest the adjustment in valuation, but not the estimate of taxes, §39-5-121(1.5), C.R.S. Please refer to the reverse side of this notice for additional information. Cl 5-DPT-AR NOV 185-85/13 NOV#951947 CLERK TO THE BOARD PHONE: (970) 336-7215, EXT. 5226 1861' FAX: (970) 352-0242 1150 O STREET P.O. BOX 758 = GREELEY, COLORADO 80632 COUNTY January 12, 2016 Carestream Health, Inc. 150 Verona Street Rochester, NY 14608 RE: SCHEDULE NUMBER P0008515 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: KCD Health W2 26 6 67 Tax Years 2013 and 2014. The meeting is scheduled for Monday, February 1, 2016, at 9:00 a.m., in the Chambers of the Board of County Commissioners of Weld County, Colorado, Weld County Administration Building, 1150 O Street, Assembly Room, Greeley, Colorado 80631. The Assessor is recommending that the Board approve your petition. You are not required to be present at this hearing; however, this is your opportunity to have your position heard, particularly if your position is opposed to the Assessor's recommendation. If you intend to submit any documentation in support of your position for this hearing, all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearing. If you have any questions concerning this matter, please do not hesitate to contact me at (970) 336-7215, Extension 5226. cerely, d.) °IRafaela A. Martine Deputy Clerk to the Board cc: Assessor Carestream Health Holdings, Inc. —Tax Department Attn: David Cranks Hello