HomeMy WebLinkAbout20162278.tiffAugust 5, 2016
Petitioner:
GARAGE PROPERTIES LLC
1371 HECLA DR STE D110
LOUISVILLE, CO 80027-2329
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.co.weld.co.us
1150O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
RE: THE BOARD OF EQUALIZATION 2016, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket #: 2016-2278 Appeal #: 2008211205 Hearing Date: 8/4/2016 9:00 AM
Dear Petitioner:
On the day indicated above, the Board of County Commissioners of Weld County Colorado
convened and acting as the Board of Equalization, pursuant to C.R.S. Section 39-8-101 et seq., considered
petition for appeal of the Weld County Assessor's valuation of your property described above, for the year
2016.
The Assessment and valuation is set as follows:
Actual Value as Actual Value as
Account # Decision Determined by Assessor Set by Board
R6787724 Adjust - Denied in Part
$202,500 $164,250
A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30)
days of the date the denial is mailed to you. You must select only one of the following three (3)
options for appeal:
1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of
Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board will be
the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your
valuation. If the decision of the Board of Assessment Appeals is further appealed to the Court of Appeals
pursuant to C.R.S. Section 39-8-108(2), only the record of proceedings from your hearing before the Board
of Assessment Appeals and your legal brief are filed with the appellate court.
All appeals to the Board of Assessment Appeals filed after August 10, 2016, MUST comply with the
following provisions of C.R.S. Section 39-8-107(5):
(5)(a)(I) On and after August 10, 2011, in addition to any other requirements under law, any petitioner
appealing either a valuation of rent -producing commercial real property to the board of assessment appeals
pursuant to section 39-8-108(1) or a denial of an abatement of taxes pursuant to section 39-10-114 shall
provide to the county board of equalization or to the board of county commissioners of the county in the
020/6, - .fig
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case of an abatement, and not to the board of assessment appeals, the following information, if applicable:
(A) Actual annual rental income for two full years including the base year for the relevant property tax year;
(B) Tenant reimbursements for two full years including the base year for the relevant property tax year;
(C) Itemized expenses for two full years including the base year for the relevant property tax year; and
(D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject
property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for
two full years including the base year for the relevant property tax year.
(II) The petitioner shall provide the information required by subparagraph (I) of this paragraph (a) within
ninety days after the appeal has been filed with the board of assessment appeals.
(b)(I) The assessor, the county board of equalization, or the board of county commissioners of the county,
as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal
with the board of assessment appeals not more than ninety days after receipt of the petitioner's request, the
following information:
(A) All of the underlying data used by the county in calculating the value of the subject property that is being
appealed, including the capitalization rate for such property; and
(B) The names of any commercially available and copyrighted publications used in calculating the value of
the subject property.
(II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b)
shall redact all confidential information contained therein.
(c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this
subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the county may move
the board of assessment appeals to compel disclosure and to issue appropriate sanctions for
noncompliance with such order. The motion may be made directly by the county attorney and shall be
accompanied by a certification that the county assessor or the county board of equalization has in good faith
conferred or attempted to confer with such petitioner in an effort to obtain the information without action by
the board of assessment appeals. If an order compelling disclosure is issued under this paragraph (c) and
the petitioner fails to comply with such order, the board of assessment appeals may make such orders in
regard to the noncompliance as are just and reasonable under the circumstances, including an order
dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer
shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest
shall resume as of the date the contested information has been provided by the taxpayer.
Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be
mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to
you.
The address and telephone number of the Board of Assessment Appeals are:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, Colorado 80203
Telephone Number: 303-864-7710
Email: baa@state.co.us
Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the
first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent
must pay a fee of $101.25 per appeal.
OR
2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to
the District Court of the /county wherein your property is located: in this case that is Weld County District
Court. A hearing before The District Court will be the last time you may present testimony or exhibits or
other evidence, or call witnesses in support of your valuation. If the decision of the District Court is further
appealed to the Court of Appeals pursuant to C.R.S. Section 39-8-108(1), the rules of Colorado appellate
review and C.R.S. Section 24-4-106(9), govern the process.
OR
3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this
option, the arbitrator's decision is final and you have no further right to appeal your current valuation.
C.R.S. Section 39-8-108.5 governs this process. The arbitration process involves the following:
a. Select an Arbitrator: You must notify the Board of Equalization that you will pursue
arbitration. You and the Board of Equalization will select an arbitrator from the official list of
qualified people. If you cannot agree on an arbitrator, the District Court of the county in which
the property is located (i.e., Weld) will select the arbitrator.
b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the
date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of
Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator
has the authority to issue subpoenas for witnesses, books, records documents and other
evidence pertaining to the value of the property. The arbitrator also has the authority to
administer oaths, and determine all questions of law and fact presented to him. The
arbitration hearing may be confidential and closed to the public if you and the Board of
Equalization agree. The arbitrator's decision must be delivered personally or by registered
mail within ten (10) days of the arbitration hearing.
c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the
Board of Equalization. In the case of residential real property, the fess may not exceed
$150.00 per case. For cases other than residential real property, the arbitrator's total fees
and expenses are agreed to by you and Board of Equalization, but are paid by the parties as
ordered by the arbitrator.
If you have questions concerning the above information, please call me at (970) 400-4226.
Very truly yours,
Esther E. Gesick, Clerk to the Board
Weld County Board of County Commissioners
and Board of Equalization
Cc: Christopher Woodruff, Weld County Assessor
Al
2016-2137
R6787706
UNITZ LLC
967
$87,030
$70,591
$73.00
A3
2016-2137
R6787708
UNITZ LLC
1,000
$90,000
$73,000
$73.00
A5
2016-2137
R6787710
UNITZ LLC
1,000
$90,000
$73,000
$73.00
A6
2016-2137
R6787711
UNITZ LLC
1,000
$90,000
$73,000
$73.00
A8
2016-2137
R6787713
UNITZ LLC
1,000
$90,000
$73,000
$73.00
A9
2016-2137
R6787714
UNITZ LLC
1,000
$90,000
$73,000
$73.00
A10
2016-2137
R6787715
UNITZ LLC
1,100
$99,000
$80,300
$73.00
All
2016-2137
R6787716
UNITZ LLC
1,000
$90,000
$73,000
$73.00
Al2
2016-2137
R6787717
UNITZ LLC
1,100
$99,000
$80,300
$73.00
A13
2016-2137
R6787718
UNITZ LLC
1,000
$90,000
$73,000
$73.00
B3
2016-2137
R6778809
UNITZ LLC
1,000
$90,000
$73,000
$73.00
B6
2016-2137
R6778812
UNITZ LLC
1,000
$90,000
$73,000
$73.00
B9
2016-2137
R6778815
UNITZ LLC
1,000
$90,000
$73,000
$73.00
B10
2016-2137
R6778816
UNITZ LLC
1,100
$99,000
$80,300
$73.00
B11
2016-2137
R6778817
UNITZ LLC
1,000
$90,000
$73,000
$73.00
C3
2016-2137
R6787723
UNITZ LLC
1,125
$101,250
$82,125
$73.00
C5
2016-2137
R6787725
UNITZ LLC
1,125
$101,250
$82,125
$73.00
C6
2016-2137
R6787726
UNITZ LLC
1,125
$101,250
$82,125
$73.00
C7
2016-2137
R6787727
UNITZ LLC
1,500
$135,000
$109,500
$73.00
C8
2016-2137
R6787728
UNITZ LLC
1,500
$135,000
$109,500
$73.00
C10
2016-2137
R6787730
UNITZ LLC
750
$67,500
$54,750
$73.00
C12
2016-2137
R6787731
UNITZ LLC
1,125
$101,250
$82,125
$73.00
C15
2016-2137
R6787733
UNITZ LLC
1,125
$101,250
$82,125
$73.00
C17
2016-2137
R6787735
UNITZ LLC
750
$67,500
$54,750
$73.00
C18
2016-2137
R6787736
UNITZ LLC
750
$67,500
$54,750
$73.00
D10
2016-2137
R6778829
UNITZ LLC
730
$65,700
$53,290
$73.00
D12
2016-2137
R6778831
UNITZ LLC
1,125
$101,250
$82,125
$73.00
D14
2016-2137
R6778833
UNITZ LLC
1,125
$101,250
$82,125
$73.00
D15
2016-2137
R6778834
UNITZ LLC
1,125
$101,250
$82,125
$73.00
D16
2016-2137
R6778835
UNITZ LLC
1,125
$101,250
$82,125
$73.00
D18
2016-2137
R6778837
UNITZ LLC
750
$67,500
$54,750
$73.00
$2,344,906
B12
2016-2265
R6778818
JOHNSON BILLY DON
1,100
$99,000
$80,300
$73.00
B8
2016-2266
R6778814
GALLARDO DEAN E
1,000
$90,000
$73,000
$73.00
Cl
2016-2267
R6787721
B C PROPERTIES LTD
750
$67,500
$54,750
$73.00
D17
201G-2272
RG778836
GYPIN FAMILY TRUST
1,125
$101,250
$82,125
$73.00
Dll
2016-2273
R6778830
BELICA ROBERTS
1,125
$101,250
$82,125
$73.00
D6
2016-2274
R6778825
DAY PETER
1,125
$101,250
$82,125
$73.00
C9
2016-2275
R6787729
STUTZMAN MARK V
750
$67,500
$54,750
$73.00
B4
2016-2276
R6778810
SEVERINI DAVID M
1,100
$99,000
$80,300
$73.00
D5
2016-2277
R6778824
MCGLASHAN MARK D
1,125
$101,250
$82,125
$73.00
C4
2016-2278
R6787724
GARAGE PROPERTIES LLC
2,250
$202,500
$164,250
$73.00
D8
2016-2279
R6778827
GYPIN FAMILY TRUST
1,125
$101,250
$82,125
$73.00
D13
2016-2288
R6778832
RIDILLA JOHN R
1,125
$101,250
$82,125
$73.00
NOTICE OF DETERMINATION
Christopher M. Woodruff
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
Date of Notice: 6/30/2016
Telephone: (970) 353-3845
Fax: (970) 304-6433
Office Hours: 8:00AM — 5:00PM
ACCOUNT NO.
TAX YEAR
TAX AREA
LEGAL DESCRIPTION/ PHYSICAL LOCATION
R6787724
2016
3271
UNIT C4 BLDG C GARAGE UNITZAT
NDOS PH II
RECEIVED
DACONO
CO
PROPERTY OWNER
GARAGE PROPERTIES LLC
1371 HECLA DR STE D110
LOUISVILLE, CO 80027-2329
151 MT ELBERT AV C4
DACONO , CO
COMMISSIONERS
JUL
WELD
1 8
COUNTY
2010
PROPERTY CLASSIFICATION
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
REVIEW I
ACTUAL VALUE AFTER
REVIEW
COMMERCIAL
202,500
202,500
TOTAL i
$202,500
$202,500
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:
OM05 - The law requires that data from Jan 2013 to June 2014 be used to establish current values.
We have considered all three approaches to value and we have denied your appeal based upon this
data.
If you disagree with the Assessor's decision, you have the right to appeal to the County
Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S.
The deadline for filing real property appeals is July 15.
The Assessor establishes property values. The local taxing authorities (county, school district, city,
fire protection, and other special districts) set mill levies. The mill levy requested by each taxing
authority is based on a projected budget and the property tax revenue required to adequately fund
the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall.
If you are concerned about mill levies, we recommend that you attend these budget hearings.
Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities.
Please refer to the reverse side of this notice for additional information.
Agent (If Applicable):
2016-2278
16-DPT-AR
PR 207-08/13
R6787724 10610159
C-
Signature
Ql -; QICA.4" CL a1/4,.s Co n�^.
f
Email Address
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from
August?' through August 5th at 1150 O Street.
To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown
below, and mail, file online, or deliver a copy of both sides of this form to:
Weld County Board of Equalization
1150 O Street, P.O. Box 758
Greeley, CO 80631
Telephone: (970) 356-4000 ext, 4225
Online: http://www.co.weld.co.us/apps/oboe/
To preserve your appeal rights, your Petition to the County Board of Equalization must be
postmarked or delivered on or before July 15 for real property — after such date, your right to
appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we
recommend that all correspondence be mailed with proof of mailing.
You will be notified of the date and time scheduled for your hearing. The County Board of
Equalization must mail a written decision to you within five business days following the date of the
decision. The County Board of Equalization must conclude hearings and render decisions by August
5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and
you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by
September 10, § 39-2-125(1)(e), C.R.S.
If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your
appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of
the following:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, CO 80203
(303) 866-5880
www.dola.colorado.govibaa
Binding Arbitration
For a list of arbitrators, contact the County Commissioners at the address listed for the County Board
of Equalization.
If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document
falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed
on the next business day, �§ 39-1-120(3), C.R.S.
I _
District Court
Contact the District Court in the County
where the property is located. See your
local telephone book for the address and
telephone number.
PETITION TO COUNTY BOARD OF EQUALIZATION
What is your estimate of the property's value as of June 30, 2014? (Your opinion of value in terms of a
specific dollar rriount is required for real property pursuant to § 39-8-106(1.5), C.R.S.)
What is the basis for your estimate of value or your reason for requesting a review? (Please attach
additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original
installed cost, appraisal, etc.)
csaa-
ATTESTATION
I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein
a on any attiments hereto are true and complete.
(Yo3'Qr oc4 i
Telephone Number
'Attach letter of authorization signed by property owner.
slekt2i
Date
16 -DRY -AR
PR 207-08/13
R6787724 10610159
Unit; LLC
Property Tax Appeal Calculation
Rented Units
Sold Units
Total
Amount
per Foot
(A)
$45.06
$90.00
Rental
Units
(B)
19
11
Total
Units
(C)
30
Average
per Foot
(A)x(B/C)
$28.54
30 $33.00
30 $61.54
Unitz, LLC
Property Tax Appeal
Income Approach:
As of June 30, 2014, Unitz, LLC had 11 units sold, 17 units rented and 2 vacant units. As such,
there was a 10% vacancy rate as of 06/30/14 . The following information is taken from
the actual lease data from January 1, 2013 to June 30, 2014,
Monthly Rental Income (Gross)
times: Months in Year
Annual Rental Income (Gross)
divided by: Square Footage of Rented Units
8,042.76
12
96,513
17,430
Rental Price per Square Foot 5.54
Less: Vacancy (10%)
Less: Management Fees (5%)
Less: Reserves (3%)
Adjusted Rental Price per Square Foot
divided by: Adjusted Capitalization Rate
Value per Square Foot based on Income Approach
Capitalization Rate Calculation:
Commercial Tax Rate
xMillLevy
Real Estate Tax Capitalization Rate
+ Market Capitalization Rate
Effective Capitalization Rate
Market Capitalization Rate Calculation:
Gross Rental Income (1,125 sq. Unit)
Les: HOA Fees
Less: Property Taxes
Net Operating Income
Sales Price (1,125 sq, ft. Unit)
Market Capitalization Rate
(0.55)
(0.28)
(0.17)
4.54
0.10074345 (B)
$45.06
0.29
0.139507
0,04045703
(A) 0.06028642
0.10074345 (B)
10,200
0
(4,096)
6,104
/ 101,250
(A) 0.06028642
Unitz, LLC
Rent Roll
Tax Period - 01/01/13 to 06/30/14
Rental Rent Unit Rented Unit
Unitz income Status Sq. Footage Sq. Footage
B-1 Vacant 980
B-2 10,410.00 1,100 1,100
B-3 3,105.00 1,000 1,000
B-4 Sold 1,100
B -S Sold 1,000
B-6 3,600.00 1,000 1,000
B-7 Sold 1,100
B-8 Sold 1,000
B-9 7,900.00 1,000 1,000
6-10 8,718.81 1,100 1,100
6-11 7,381.19 1,000 1,000
8-12 Sold 1,100
D-1 Vacant 750
D-2 9,679.00 1,125 1,125
D-3 Sold 1,125
D-4 Sold 1,125
D-5 Sold 1,125
D-6 Sold 1,125
D-7 Sold 1,125
D-8 7,864.52 1,125 1,125
D-9 10,084.40 750 750
D-10 9,600.00 730 730
D-11 9,350.00 1,125 1,125
D-12 11, 900.00 1,125 1,125
D-13 Sold 1,125
D-14 11, 600.00 1,125 1,125
D-15 6,859.68 1,125 1,125
D-16 13, 500.00 1,125 1,125
D-17 4,167.00 1,125 1,125
D-18 9,050.00 750 750
2 -Year Rent 144,769.60
/ 18
Avg. Monthly 8,042.76
x 12
Annual Gross 96,513.12
Rented Sq. Ft. / 17,430
Rent per Sq. Ft. 5.54
31,210 17,430
RE Tax per Sq. Ft. 3.64
Unitz, LLC
Rental Income by Unit
January 2013 through June 2014
Type
Building B
3-2
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total 8-2
B-3
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total B-3
B-6
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total B-6
B-9
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total 8-9
8-10
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Date
Num
1/7/2013 3606
2/7/2013 3618
3/13/2013 4536
10/24/2013 1086
10/24/2013 1066
10/2412013 1066
10/24/2013 1066
10/24/2013 1066
10/24/2013 1066
10/24/2013 1066
10/24/2013 1066
'10/24/2013 1066
10/24/2013 1066
10/24/2013 1066
10/24/2013 1066
10/16/2013 7242
10/18/2013 7242
10/16/2013 7242
10/16/2013 7242
10/16/2013 7242
10/16)2013 7242
4/29/2014 18758
6/9/2014 888609
1/7/2013 54677
11/7/2013 1011
12/11/2013 995006
1/6/2014 995007
2/11/2014 995006
3/7/2014 995010
4/6/2014 995014
5/12/2014 995015
6/9/2014 995017
1/18/2013 18044
2/4/2013 16159
4/15/2013 18564
5/29/2013 18834
7/2/2013 18983
6/9/2013 19172
9/25/2013 19367
11/7/2013 19628
12/11/2013 19910
1/22/2014 20020
2/20/20'14 20248
2/20/2014 20248
3/17/2014 20412
3/17/2014 20412
3/24/2014 20469
3/24/2014 20489
5/1/2014 20745
5/1/2014 20745
1/18/2013
1/18/2013
2/4/2013
2/4/2013
4/15/2013
4/15/2013
5/29/2013
5/29/2013
7/2/2013
7/2/2013
8/9/2013
8/9/2013
9/25/2013
9/25/2013
9/25/2013
11/7/2013
11/7/2013
12/11/2013
12/11/2013
1/22/2014
1/22/2014
2/20/2014
2/20/2014
4/16/2014
4/16/2014
18044
18044
18159
18159
18564
18564
18834
18834
18983
18983
19172
19172
19367
19367
19367
19628
19628
19910
19910
2002O
2002O
20299
20299
20620
20620
Name
Sessions Harlan
Sessions Harlan
Sessions Harlan
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLG
Pro-Frac Healing & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Pro-Frac Heating & Trucking, LLC
Steve Woodward
Steve Woodward
Steve Woodward
Steve Woodward
Steve Woodward
Steve Woodward
Avery Asphalt, Inc
Fred "Muff" Davis
McDonald Farms Enterprises, Inc.
Barry Ratchford
Barry Ratchford
Barry Ratchford
Barry Ratchford
Barry Ratchford
Barry Ratchford
Barry Ratchford
Barry Ratchford
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc,
Mile High Glass, Inc
Mile High Glass, Inc.
Mile High Glass, Inc
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc,
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc,
Mile High Glass, Inc,
Mile High Glass, Inc.
Mile High Glass, Inc,
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mite High Glass, Inc.
Memo
Rent - January
Rent - February
Rent - March
Rent - October
Rent - November
Rent • December
Rent -January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent -April (Pro -Rated)
Rent - June
Rent - December 18/1 ..
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July (partial)
Rent - July (partial)
Rent - August (partial)
Rent - August (partial)
Rent - September (part..
Rent - September (part....
Rent - October (partial)
Rent - July
Rent -August (partial)
Rent - August (partial)
Rent - September (part..
Rent - September (part..
Rent - October (partial)
Rent - October (partial)
Rent - November (parti..
Rent - November(partial)
Rent - December(partial)
Rent - December (parti
Rent - January (partial)
Rent - January (partial)
Rent -February
Rent - March (partial)
Rent - March (partial)
Rent - April (partial)
Rent - April (partial)
Rent - May (partial)
Rent - May (partial)
Rent - June (partial)
Rent - June (partial)
Rent- July (partial)
Rent - July (partial)
Rent - August (partial)
Class
Building B:8-2
Building B:B-2
Building B:B-2
Building B:6-2
Building B:B-2
Building 8:8-2
Building 8:B-2
Building BB -2
Building B:6-2
Building B:8-2
Building B: B-2
Building B: EI-2
Building 8: B-2
Building B: B-2
Building B:B-2
Building B: B-3
Building B:8-3
Building 8: B-3
Building 8:0-3
Building 8:0-3
Building B:6-3
Building 6:B-3
Building B:8-3
Building B:B-6
Building 8:B-6
Building B:B-6
Building B:B-6
Building B:B-6
Building B:B-6
Building B:B-6
Building B:B-6
Building B:B-6
Building 8:8-9
Building B:B-9
Building 8:8-9
Building 8:B-9
Building B:6-9
Building 8:8-9
Building B: B-9
Building 8:8-9
Building 8: B-9
Building 0:8-9
Building 8: B-9
Building B: B-9
Building 8: B-9
Building B: B-9
Building B:6-9
Building 8:8-9
Building 8: B-9
Building 8:0-9
Building B:6-10
Building B:8-10
Building 6:8-10
Building B:B-10
Building B:B-10
Building B:8-10
Building 6:6-10
Building B:B-10
Building B:6-10
Building B:B-10
Building B:8-10
Building B:B-10
Building B:B-10
Building B:8-10
Building B:B-10
Building 6:6-10
Building B:B-10
Building 8:8-10
Building B:B-10
Building 6:8-10
Building 6:B-10
Building B:B-10
Building B:8-10
Building B:6-10
Building B:B-10
Amount
Balance
270.00 270 00
270,00 540 00
270 00 810.00
800 00 1,610 00
80000 2,410.00
800.00 3,210 00
800.00 4,010.00
80000 4,810.00
800 00 5,610.00
800.00 6,410 00
800.00 7,210.00
800.00 8,010,00
600.00 8,810.00
800.00 9,610.00
600.00 10,410 00
10,410., 00 10,410.00
350 00 350.00
350.00 700.00
350 00 1,050 00
350.00 1,400 00
350 00 1,750.00
350.00 2,100 00
280 00 2,360 00
725.00 3,105 00
3,105.00 3,105O0
400.00 40000
400 00 800 00
400 00 1,200 DO
400.00 1,600.00
400..00 2,000 00
400.00 2.400.00
400.00 2,800 00
400.00 3,200.00
400.00 3,600 OD
3,60000 3,600.00
550.00 550.00
550.00 1,100 00
550..00 1,650 00
550.00 2,200.00
550.00 2,750 00
550.00 3,300.00
550.00 3,850 00
550.00 4,400 00
550.00 4,950 00
550.00 5,500 00
550.00 6,050.00
5000 6,100.00
500.00 6,600 00
100.00 6,700.00
450.00 7,150 00
150.00 7,300.00
400.00 7,700 00
200,00 7,900.00
7,900.00 7,900.00
600.00 600 00
18.61 618 81
581 19 1,200.00
11a81 1,318 81
481 19 1,800.00
21861 2,01881
38119 2,400.00
318 81 2,718 81
281 19 3,000 00
418,61 3,418.81
18119 3,600.00
518.81 4,118.81
8119 4,200.00
600.00 4,800.00
18.81 4,818.81
581.19 5,400.00
118 81 5,518.81
481,19 6,000 00
218.81 6,218..81
381,19 6,600.00
318.81 6,918.81
28119 7,200.00
318.81 7,518 81
281 19 7,800 00
318 81 8,118 81
Page 1
Units, LLC
Rental Income by Unit
January 2013 through June 2014
Type
Deposit
Deposit
Total B-10
B-11
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total 8-11
Total Building B
Building D
D-2
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total D-2
D-8
Invoice
Invoice
Invoice
Invoice
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total D-8
0-9
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total D-9
Date
6/912014
6/9/2014
1/18/2013
1/18/2013
2/4/2013
4/15/2013
5/29/2013
7/2/2013
8/9/2013
9/25/2013
11(7/2013
12/11/2013
1/22/2014
3/3/2014
3/3/2014
4/1612014
4/16/2014
6/9/2014
6/9/2014
Num
20944 Mile High Glass, Inc
20944 Mile High Glass, Inc.
Name
18044
18044
18159
18564
18834
18983
19172
19367
19626
19910
20020
20337
20337
20621
20621
20945
20945
5/31/2013 1146
7/2/2013 1135
8/9/2013 1149
9/10/2013 1151
10/16/2013 1153
11/7/2013 1154
1/22/2014 3095
2/11/2014 3086
3/3/2014 3089
4/8/2014 3103
5/12/2014 3120
6/9/2014 3138
1/23/2013 67
2/26/2013 68
4/22/2013 70
5/22/2013 71
10/30/2013 14914
10/30/2013 14914
12/612013 15042
1/6/2014 15136
2/11/2014 15242
3/17/2014 15334
5/1/2014 15518
1/18/2013 6753
3/612013 6796
3/6/2013 6797
4/15/2013 6833
5/9/2013 6863
6/24/2013 6890
7/22/2013 6926
9/10/2013 6957
9/10/2013 6958
10/'16/2013 6987
11/20/2013 7021
12/11/2013 7037
3/3/2014 7113
3/3/2014 7113
3/3/2014 7113
5/1/2014 7151
5/1/2014 7151
6/9/2014 7190
Mile High Glass, Inc.,
Mile High Glass, Inc.
Mile High Glass, Inc,
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc
Mile High Glass, Inc.
Mile High Glass, Inc
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc.
Mile High Glass, Inc
Mile High Glass, Inc.
Mark Williams Enterprises, Inc.
Mark Williams Enterprises, Inc.
Mark Williams Enterprises, Inc
Mark Williams Enterprises, Inc.
Mark Williams Enterprises, Inc.
Mark Williams Enterprises, Inc
Sue McCormick
Brian and Sue McCormick
Brian and Sue McCormick
Brian and Sue McCormick
Brian and Sue McCormick
Brian and Sue McCormick
RTJ Properties, LLC
RTJ Properties, LLC
RTJ Properties, LLC
RTJ Properties, LLC
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
Charles C. Woods & Son, Inc.
Charles C, Woods & Son, Inc
Charles C. Woods & Son, Inc,
Charles C. Woods & Son, Inc.
Charles C Woods & Son, Inc
Charles C Woods & Son, Inc,
Charles C. Woods & Son, Inc.
Charles C. Woods & Son, Inc,
Charles C. Woods & Son, Inc.
Charles C. Woods & Son, Inc
Charles C. Woods & Son, Inc.
Charles C Woods & San, Inc.
Charles C. Woods & Son, Inc
Charles C. Woods & Son, Inc
Charles C. Woods & Son, Inc.
Charles C. Woods & Son, Inc
Charles C. Woods & Son, Inc.
Charles C, Woods & Son, Inc.
Memo
Class
Rent - August (partial) Building B:B-10
Rent - September (part:. Building B:B-10
Rent - July (partial)
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent -January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July (partial)
Rent - July (partial)
Rent - August (partial)
Rent - August (partial)
Rent - September (part ..
Rent - June
Rent - July
Rent - August
Rent - September
Rent - October
Rent - November
Rent - January (Pro -R__
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - February
Rent - March
Rent - April
Rent - May
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - April
Rent -January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Building B:B-11
Building B:B-11
Building B:6-11
Building B:B-11
Building 6:6-11
Building 6:B-11
Building 8:0-11
Building B: B-11
Building B:B-11
Building B:B-11
Building B:B-11
Building B:9-11
Building B:B-11
Building 6:6-11
Building 6:B-11
Building B:8-11
Building 8:8-11
Building D:D-2
Building O:O-2
Building D:D-2
Building D:D-2
Budding D:D-2
Building D: D-2
Building D:D-2
Building D:D-2
Building D:D-2
Building D:D-2
Building D:D-2
Building D:D-2
Building D:D-8
Building D:D-8
Building D:D-8
Building D:D-8
Building D:O-8
Building O:D-8
Building D: D-8
Building D:D-B
Building O:D-8
Building D:D-B
Building D:O-8
Building D:D-9
Building D: O-9
Building O:O-9
Building D:D-9
Building D:D-9
Building D:D-9
Building D:0-9
Building D:D-9
Building D:D-9
Building D: D-9
Building D: D-9
Building D:D-9
Building D:D-9
Building D:D-9
Building D:D-9
Building D:O-9
Building D:D-9
Building D:O-9
Amount
281 19
318.81
8,718.81
81.19
550.00
550.00
550.00
550.00
550.00
550 00
550 00
550 00
550.00
550.00
550 00
50 00
500.00
10000
450.00
150.00
7.381.19
41,115.00
850.00
850 00
850.00
850 00
850 00
650 00
329.00
850.00
850.00
850 00
850 00
850 00
9,679 00
650.00
650.00
650.00
650 00
164.52
850.00
850.00
850.00
850,00
850.00
850,00
7,864.52
500 00
500.00
550.00
550.00
550.00
550.00
550.00
550..00
55O00
550 00
550 00
550 00
597 60
597.60
597.60
597.00
597 00
597.60
Balance
8,400.00
8,718.81
8,718 81
81 19
63119
1,181.19
1,731 19
2,261 19
2,831 19
3,381 19
3,931.19
4,481,19
5,031.19
5,561,19
6,131.19
6,181 19
6,681 19
6,781.19
7,231.19
7,381.19
7,381.19
41,115,00
850.00
1,700 00
2,550.00
3,400, 00
4,250 00
5,100 00
5,429 00
6,279 00
7,129.00
7,979.00
8,629 00
9,679.00
9,679.00
650 00
1,300 00
1,950 00
2,600.00
2,764 52
3,614.52
4,464.52
5,314.52
6,164.52
7,014.52
7,864.52
7,864 52
500.00
1,000.00
1,550.00
2,100, 00
2,650 00
3,200 00
3,750 00
4,300 00
4,850 00
5,400.00
5,950.00
6,500. 00
7,097 60
7,695.20
8,292 80
8,889 80
9,486.80
10,084_40
10,084.40 10,064 40
Page 2
Unitz, LLC
Rental Income by Unit
January 2013 through June 2014
Type
O-10
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total D-10
D-11
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total O-11
D-12
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Check
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Check
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total O-12
D-14
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Total D-14
Date
2/4/2013
3/6/2013
3/29/2013
4/30/2013
5/31/2013
6/26/2013
8/9/2013
9/3/2013
10/16/2013
11/7/2013
12/6/2013
1/6/2014
2/11/2014
3/7/2014
4/8/2014
5(12/2014
6/9/2014
Num
1413
2941
2947
2952
2959
2966
2970
2976
2982
2989
298
3001
3005
3007
41055...
94930_
14521.
1/7/2013 10257
2/4/2013 10278
3/6/2013 10285
4/15/2013 10291
5/9/2013 10302
5/31/2013 10310
7/22/2013 6075
8/9/2013 6092
9/3/2013 10339
10/24/2013 6138
11/7/2013 6150
12/11/2013 6173
1/6/2014 6186
2/11/2014 6204
3/17/2014 6217
4/10/2014 6237
6/17/2014 10417
1/30/2013 804
2/26/2013 655
3/29/2013 902
4/26/2013 953
5/29/2013 1004
6/24/2013 1044
6/27/2013
7/22/2013 EFT
8)912013 47930..
8/9/2013 47930...
9/25/2013 316693
10/30/2013 321790
12/6/2013 3598
1/6/2014 1256
1/9/2014
1/27/2014 EFT
2/11/2014 1293
2/28/2014 3635
4/8/2014 1403
4/29/2014 1435
6/9/2014 1465
3/13/2013 5717
3/13/2013 5717
3/29/2013 9908
5/1/2013 74774
6/10/2013 139354
7/2/2013 198667
8/9/2013 261072
9/3/2013 323830
10/16/2013 385739
11/7/2013 449226
12/6/2013 511369
1/6/2014 574099
2/11/2014 639064
3/3/2014 699211
4/8/2014 759441
5/1/2014 824518
Name
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Stave Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Steve Cobb
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Bob Belica
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Great Western Bank
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Great Western Bank
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Affordable Homes of Denver
Fred "Muff' Davis
Fred "Muff" Davis
Fred "Muff' Davis
Fred "Muff' Davis
Fred "Muff' Davis
Fred "Muff' Davis
Fred "Muff' Davis
Fred "Muff' Davis
Fred "Muff' Davis
Fred "Muff' Davis
Fred "Muff' Davis
Fred "Muff" Davis
Fred "Muff" Davis
Fred "Muff" Davis
Fred "Muff' Davis
Fred "Muff" Davis
Memo
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - Jury
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent -January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - April
Rent - June
Rent - January
Rent - February
Rent - Math
Rent - April
Rent - May
Rent - June
NSF Check - June Rent
Rent - June
Rent - July
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
NSF Check - Decembe .
Rent - January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent -January
Rent - February
Rent - March
Rent - April
Rent - May
Class
Building D:O-10
Building D:O-10
Building D:D-10
Building D: D-10
Building O:D-10
Building D: D-10
Building D:D-10
Building D:0-10
Building D:0-10
Building D: D-10
Building D:D-10
Building O:0-10
Building D:D-10
Building D:D-10
Building D:D-10
Building DID -10
Building D:D-10
Building D: D-11
Building D:D-11
Building D: D-11
Building D:D-11
Building D:D-11
Building D:D-11
Building D:D-11
Building D: D-11
Building D:D-11
Building O:O-11
Building D:D-1 1
Building D:D-11
Building D:D-11
Building D:D-1 1
Building O:O-11
Building O:D-11
Building D:D-11
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-12
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Building 0:O-14
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Building D:D-14
Amount
Balance
550.00 550 00
550 00 1,10O00
550.00 1,650.00
550..00 2,200.00
550.00 2,750.00
550.00 3,300,00
550.00 3,850 00
550,00 4,40O00
550.00 4,950.00
550.00 5,500 00
550.00 6,05O00
55O.00 6,600 00
600.00 7,200 00
600.00 7,800.00
600 00 8,400 00
600.00 9,000.00
600.00 9,600.00
9,600.00 9,600 00
550.00 550.00
550O0 1,100.00
550:00 1,650 00
550.00 2,200.00
55O 00 2,750 00
550,00 3,300.00
550.00 3,850 00
550.00 4,400.00
550.00 4,950 00
550.00 5,500.00
550.00 6,050 00
550,00 6,600.00
550.00 7,150 00
550.00 7,700.00
550.00 8,250 00
550.00 8,800 00
550,00 9,350 00
9,350.00 9,35000
700.00 700.00
700 00 1,400 00
700 00 2,100.00
700.00 2,800.00
700,00 3,500 00
700.00 4,200.00
(700.00) 3,500 00
700.00 4,200 00
700.00 4,900 00
700,00 5,600.00
700 00 6,300 00
700.00 7,000.00
700.00 7,700 00
700.00 8,400 00
(700.00) 7,700 00
700.00 8,400.00
700..00 9,100 00
700.00 9,800.00
700.00 10,500 00
700.00 11,200 00
700,00 11,900.00
11,900.00 11,900 00
725.00 725 00
725.00 1,450 00
725,00 2,175.00
725..00 2,900 00
725.00 3,625.00
725.00 4,350.00
725.00 5,075_00
725.00 5,800.00
725.00 6,525 00
725.00 7,250 00
725.00 7,975.00
725,00 8,700 00
725.00 9,425 00
725.00 10,150 00
725.00 10,875 00
725.00 11,600.00
11, 600.00 11,600.00
Page 3
Unitz, LLC
Rental Income by Unit
January 2013 through June 2014
Type Date Num
O15
Deposit 2/26/2013 1394
Deposit 2/26/2013 1394
Deposit 2/26/22013 1394
Deposit 2/26/2013 1394
Deposit 2/26/2013 1394
Deposit 2/2612013 1394
Deposit 10/30/2013 14914
Deposit 10/30/2013 14914
Deposit 12/6/2013 15042
Deposit 1/6/2014 15136
Deposit 2/11/2014 15242
Deposit 3/17/2014 15334
Deposit 5/1/2014 0112
Deposit 5/1/2014 0112
Deposit 5/1/2014 15518
Total D-15
O-16
Deposit 1/7/2013 1513
Deposit 2/7/2013 1551
Deposit 3/6/2013 1581
Deposit 4/15/2013 1608
Deposit 5/1/2013 1646
Deposit 5/31/2013 1673
Deposit 7/2/2013 1739
Deposit 8/9/2013 1754
Deposit 9/10/2013 1613
Deposit 10/16/2013 1815
Deposit 11/7/2013 1891
Deposit 12/6/2013 1914
Deposit 1/6/2014 1928
Deposit 2/11/2014 1957
Deposit 3/7/2014 1977
Deposit 4/8/2014 2009
Deposit 5/12/2014 2031
Deposit 6/17/2014 2063
Total D-16
D-17
Deposit 1/30/2013 7759
Deposit 1/30/2013 7759
Deposit 4/26/2013 5005
Deposit 5/31/2013 5010
Deposit 6/10/2013 7864
Deposit 6/10/2013 7864
Deposit 6/10/2013 7864
Deposit 9/3/2013 4611
Deposit 9/3/2013 4611
Deposit 9/3/2013 4611
Deposit 9/10/2013 5064
Deposit 9/10/2013 5064
Deposit 9/10/2013 5064
Deposit 11/20/2013 5094
Deposit 11/20/2013 5094
Deposit 11/20/2013 5094
Deposit 12/11/2013 4661
Deposit 12/11/2013 4661
Deposit 12/1112013 4661
Deposit 3/3/2014 83354
Deposit 3/3/2014 83354
Deposit 3/3/2014 83354
Deposit 3/3/2014 83354
Deposit 3/17/2014 1421
Deposit 3/17/2014 1421
Deposit 3/17/2014 1421
Deposit 3/17/2014 4701
Deposit 3/17/2014 4701
Deposit 3/17/2014 4701
Total D-17
D-18
Deposit 1/7/2013 1784
Doposit 2/26/2013 1801
Deposit 3/6/2013 1811
Deposit 4/24/2013 1824
Deposit 5/9/2013 1837
Deposit 6/10/2013 1850
Deposit 7/22/2013 1868
Deposit 8/8/2013 1879
Deposit 9/25/2013 1892
Deposit 10/16/2013 1900
Deposit 11/20/2013 1911
Deposit 12/6/2013 1922
Deposit 1/22/2014 1937
Deposit 2/11/2014 1952
Deposit 3/7/2014 1965
Deposit 4/10/2014 1961
Name
Ken Thompson
Ken Thompson
Ken Thompson
Ken Thompson
Ken Thompson
Ken Thompson
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
C&L Water Solutions, Inc
Donna Buddy
Donna Buddy
C&L Water Solutions, Inc
Tech -Line Products, Inc.
Tech -Line Products, Inc
Tech -Line Products, Inc.
Tech -Line Products, Inc.
Tech -Line Products, Inc
Tech -Line Products, Inc,
Tech -Line Products, Inc,
Tech -Line Products, Inc.
Tech -Line Products, Inc.
Tech -Line Products, Inc.
Tech -Line Products, Inc.
Tech -Line Products, Inc.
Tech -Line Products, Inc.
Tech -Line Products, Inc
Tech -Line Products, Inc
Tech -Line Products, Inc,
Tech -Line Products, Inc.
Tech -Line Products, Inc.
Patrick Martin
Patrick Martin
Jay Craddock
Jay Craddock
Patrick Martin
Patrick Martin
Patrick Martin
Sessions Harlan
Sessions Harlan
Sessions Harlan
Ken Thompson
Ken Thompson
Ken Thompson
Ken Thompson
Ken Thompson
Ken Thompson
Sessions Harlan
Sessions Harlan
Sessions Harlan
Joe Fortner
Joe Fortner
Joe Fortner
Joe Fortner
Ken Thompson
Ken Thompson
Ken Thompson
Sessions Harlan
Sessions Harlan
Sessions Harlan
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Dacken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Jeff Docken
Memo
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July
Rent -August
Rent - October
Rent- November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - May
Rent - June
Rent - April
Rent - January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July
Renl - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - February
Rent - March
Rent - May
Rent - May (partial)
Rent - April
Rent - May
Rent - June (Prorated)
Rent - September
Rent - October
Rent - November
Rent - September
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - December
Rent - January
Rent - February
Rent - February (pro -r .
Rent - March
Rent - April
Rent - May
Rent - March
Rent - April
Rent - May
Rent - March
Rent - April
Rent - May
Rent - January
Rent - February
Rent - March
Rent - April
Rent - May
Rent - June
Rent - July
Rent - August
Rent - September
Rent - October
Rent - November
Rent - December
Rent - January
Rent - February
Rent - March
Rent - April
Class
Building D:D-15
Building D:D-15
Building D:D-15
Building D:D-15
Building D:D-15
Building O:O-15
Building D: D-15
Building D:D-15
Building D:D-15
Building D:D-15
Building D:D-15
Building D:D-15
Building O:D-15
Building D:D-15
Building D:D-15
Building D:D-16
Building D:D-16
Building D:D-16
Building D:O-16
Building D:D-16
Building D:D-16
Building D:D-16
Building D:D-16
Building D:O-16
Building O:O-16
Building D: D-16
Building D:D-18
Building D:D-16
Building D:O-16
Building D:D-16
Building D:D-16
Building D:D-16
Building D:D-16
Building D:O-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:O-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building O:D-17
Building D: D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:O-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-17
Building D:D-18
Building D:D-18
Building D:D-18
Building O:O-18
Building D: D-18
Building D:D-18
Building D:D-18
Building D: D-18
Building D: D-18
Building D:D-18
Building O:O-18
Building D:D-18
Building D:D-18
Building D:D-18
Building D:D-18
Building D:D-18
Amount
125.00
125 00
125.00
125 00
125.00
125.00
109.66
750.00
750.00
750.00
750.00
750.00
750.00
750.00
750 00
6.859 68
750.00
750.00
750.00
750.00
750.00
750 00
750 00
750.00
750.00
750.00
750 00
750 00
750.00
750 00
750 00
750.00
750.00
750 00
13, 500.00
200. 00
200 00
100.00
50 00
150.00
150.00
50.00
144 00
144 00
144.00
144 00
144.00
144.00
144:00
144.00
144.00
144.00
144,00
144.00
112.00
187.67
187 67
187 66
144.00
144.00
144.00
144.00
144.00
144 00
4,167 00
500O0
500 00
500 00
500.00
500 00
500.00
500.00
500.00
500.00
500.00
500.00
500,00
500.00
500.00
500.00
500 00
Balance
125.00
250.00
375.00
500 00
625.00
750.00
859.68
1,609 68
2,359.68
3,109.68
3,859.68
4,609 68
5,359.68
6,109 68
6,859.68
6,859.68
750.00
1,500 00
2,250.00
3,000,00
3,750.00
4,500 00
5,250.00
6,000,00
6,750 00
7,500 00
8,250.00
9,000.00
9,750.00
10,500 00
11,250 00
12,000.00
12,750 00
13,500 00
13, 500.00
200 00
400.00
500 00
550.00
700 OD
850.00
900.00
1,04400
1,18800
1,332. 00
1,476 00
1,620 00
1,764.00
1,908 00
2,052 00
2,196 00
2,340.00
2,484.00
2,626.00
2,740 00
2,927.67
3,11534
3,303 00
3,447 00
3,591.00
3,735 00
3,879.00
4,023.00
4,167.00
4,167 00
500 00
1,000,00
1,500.00
2,000.00
2,500 00
3,000 00
3,500.00
4,000.00
4,500.00
5,000 00
5,500 00
6,000.00
6,500 00
7,000 00
7,500 00
8,000 00
Page 4
Unitz, LLC
Rental Income by Unit
January 2013 through June 2014
Type
Date Num
Name
Deposit 5/12/2014 1994 Jeff Docken
Deposit 6/17/2014 2003 Jeff Docken
Total D-18
Total Building D
TOTAL
Memo Class
Rent - May
Rent - June
Amount Balance
Budding D;D-18 500.00 8,500 00
Building D:D-18 550,00 9,050 00
9,050,00 9,050 00
103,654.60 103,654 60
144,769.60 144,769.60
Page 5
Garage Properties, LLC
1371 Recta Drive, Unit D110
Louisville, CO 80027
July 14, 2016
Weld County Board of Equalization
1150 O Street, P.O. Box 758
Greeley, CO 80631
RE: Appeal of Assessed Value/Classification — Unit C4 Bldg C Garage Unitz at Dacono Condo
Dear Board:
We are writing this letter to appeal the 2016 Notice of Determination for Garage Properties,
LLC, located at 151 Mt. Elbert Avenue, Dacono, CO 80514 (Unit C4 — Account #R6787724).
We would like to appeal the Assessor's decision of both the classification and the value.
First, this garage storage (Maxi -Storage) product is fairly new and is or such a type that it fits
under the "Residential Improvements" section more than as Commercial Property. These types
of facilities arc becoming more popular due to increased demand from those wishing to store
their collector cars, RV's, boats and other personal property in a secure off -site location because
their home situations will not accommodate the size or security needed for certain types of
property. This product is especially driven by residential homeowners' associations due to the
stringent codes and regulations. In most cases, RVs, boats, trailers, ATV's, snowmobiles, small
campers, etc. cannot be stored in plain sight or on an adjacent street to any residence due to HOA
declarations. At the very least, some homeowners may be able to store at their residence but
only for a limited amount of time (i.e. 48 hours, 3 days, etc.). If one had enough land to
construct a pole barn at their place of residence, the pole barn would be classified as part of their
residential usage. This product is driven by residential storage constraints, which explains why
we feel this product should fall under the residential classification. CRS Section 39-1-102
defines "Residential Improvements" as also including "buildings, structures, fixtures, fences,
amenities, and water rights that are an integral part of the residential use". We feel that this
product fits in under this term; however, the county assessors argue that this term only includes
buildings that would be on a contiguous parcel of land to a residence. In reality, this product is
an extension of one's residence, just not on a contiguous parcel of land to their residence.
Second, the County Assessor's assessed value of each individual garage is based solely on the
sales approach. Based on the fact that garageUnitz is predominantly a rental facility, we would
argue that a blended approach to valuation (sales approach and income approach) should be used
to determine an appropriate valuation at this location. In 2013, Weld County agreed to this
formula with us based on the presence of a significant number of rental units at this facility.
Therefore, we feel that a precedence was set. We have attached a calculation of the value per
square foot based on the same blended approach that was previously agreed to by Weld County
using the rental activity data during the period in question. Under this blended approach on the
attached spreadsheet, the value per square foot would be $61.54. Based on this value per square
foot, the value of Unit C4 would be $138,465 for 2,250 square feet.
Based on the commercial classification of this product and the commercial tax rate of 29%, the
tax assessed at the current valuation of $202,500 would be $8,193 for a 2,250 square foot garage
that is used to store personal household goods and vehicles. This equates to a per square foot
real estate tax of $3.64 per foot. Based on the garageUnitz rental information attached, the
average rental income received per square foot is $5.54 per foot for units rented for residential
storage purposes. It is inequitable and not in good conscience to assess taxes of $3.64 per square
foot on a product that it producing $5.54 per square foot in gross rental income. There is a
fairness issue at work here. If a consumer owns or rents a garage and stores personal property,
regardless if it is contiguous or not, it is a residential improvement that should be assessed at the
residential tax rate.
Finally, this protest comes in an intervening even year. In accordance with C.R.S. 39-5-121,
"For the years that intervene between changes in the level of value, if the difference between the
actual value of such land or improvements in the previous year and the actual value of such land
or improvements in the intervening year as set forth in such notice constitutes an increase in
actual value of more than seventy-five percent, the assessor shall mail together with the notice an
explanation of the reasons for such increase in actual value". This notice of explanation was
not included with the Notice of Valuation as required by the Colorado Revised Statutes. In the
case of Unit C4, the Notice of Valuation increased more than 136% during the intervening year.
By not mailing the explanation with the Notice of Valuation, the County Assessor was in
violation of Colorado Law. Based on this section of the Colorado Revised Statutes, it is our
opinion that the valuation can't exceed an increase of more than 75% if an explanation is not
mailed with the Notice of Valuation.
We would like this letter to be made part of the record of the hearing. We appreciate your
consideration with respect to these matters. Please feel free to contact me at (303) 908-0561 if
you have any further questions.
Sincerely,
Aric 1'. Hilmas
Managing Member
Garage Properties, LLC
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July 22, 2016
Petitioner:
GARAGE PROPERTIES LLC
1371 HECLA DR STE D110
LOUISVILLE, CO 80027-2329
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.co.weld.co.us
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
RE: THE BOARD OF EQUALIZATION 2016, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket #: 2016-2278, AS0094 Appeal #: 2008211205 Hearing Date: 8/4/2016 9:00 AM
Account(s) Appealed:
R6787724
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of AUGUST 4, 2016, at or about the
hour of 9:00 AM, to hold a hearing on your valuation for assessment. This hearing will be
held at the Weld County Administration Building, Assembly Room, 1150 O Street,
Greeley, Colorado.
You have a right to attend this hearing and present evidence in support of your petition.
The Weld County Assessor or his designee will be present. The Board will make its
decision on the basis of the record made at the aforementioned hearing, as well as your
petition, so it would be in your interest to have a representative present. If you plan to be
represented by an agent or an attorney at your hearing, prior to the hearing you shall
provide, in writing to the Clerk to the Board's Office, an authorization for the agent or
attorney to represent you. If you do not choose to attend this hearing, a decision will still be
made by the Board by the close of business on August 5, 2016, and mailed to you within
five (5) business days.
Because of the volume of cases before the Board of Equalization, most cases shall be
limited to 10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative
that you provide evidence to support your position. This may include evidence that similar
homes in your area are valued less than yours or you are being assessed on improvements
you do not have. Please note: The fact that your valuation has increased cannot be
your sole basis of appeal. Without documented evidence as indicated above, the Board
will have no choice but to deny your appeal.
If you wish to obtain the data supporting the Assessor's valuation of your property, please
submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you
have questions, call (970) 353-3845. Upon receipt of your written request, the Assessor will
notify you of the estimated cost of providing such information. Payment must be made prior
to the Assessor providing such information, at which time the Assessor will make the data
available within three (3) working days, subject to any confidentiality requirements.
Please advise me if you decide not to keep your appointment as scheduled. If you need
any additional information, please call me at your convenience.
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Clerk to the Board
Weld County Board of County Commissioners
cc: Christopher Woodruff, Assessor
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