HomeMy WebLinkAbout20162261.tiffAugust 5, 2016
Petitioner:
USE REAL ESTATE HOLDINGS LLC
3433 ROANOKE RD
KANSAS CITY, MO 64111-3726
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 #: 2016-2261 Appeal #: 2008211173 Hearing Date: 8/4/2016 10:00 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
R8944045 Stipulated - Approved Stipulated Value
$879,697 $557,000
A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30)
days of the date the denial is mailed to you. You must select only one of the following three (3)
options for appeal:
1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of
Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board will be
the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your
valuation. If the decision of the Board of Assessment Appeals is further appealed to the Court of Appeals
pursuant to C.R.S. Section 39-8-108(2), only the record of proceedings from your hearing before the Board
of Assessment Appeals and your legal brief are filed with the appellate court.
All appeals to the Board of Assessment Appeals filed after August 10, 2016, MUST comply with the
following provisions of C.R.S. Section 39-8-107(5):
(5)(a)(I) On and after August 10, 2011, in addition to any other requirements under law, any petitioner
appealing either a valuation of rent -producing commercial real property to the board of assessment appeals
pursuant to section 39-8-108(1) or a denial of an abatement of taxes pursuant to section 39-10-114 shall
provide to the county board of equalization or to the board of county commissioners of the county in the
/6,oic26o /
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,
e,zz:;;?Le
Esther E. Gesick, Clerk to the Board
Weld County Board of County Commissioners
and Board of Equalization
Cc: Christopher Woodruff, Weld County Assessor
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Nurnher 2016-2261
STIPULATION (As To Tax Year 201.6_ Actual Value)
PE I'ETITTON OF ; R8944045
NAME; USE Real Estate Holdings LLC
ADDRESS: 3433 Roanoke Rd.
Kansas City, Mo 64111-3726
Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation
regarding the tax year 2016 valuation of the subject property, and jointly move the Board
of Equalization to enter its order based on this Stipulation.
Petitioner (s) and Assessor agree and stipulate as follows:
I. The property subject to this Stipulation is described as:
LOT A REC EXEMPT RECX15-0131
2. The subject property is classified as commercial property.
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2016:
Total $795,197.00
4. After further review and negotiation, Petitioner (s) and Weld County Assessor
agree to the following tax year 2016 actual value for the subject property:
Total $557,000.00
5. The valuation, as established above, shall be binding only with respect to tax
year 2016,
6. Briefnarrative as to why the reduction was made:
A review of all approaehs to value indicated an adjusted.
7. Roth parties agree that:
F The hearing scheduled before the Board of Equalization on Aug. 4, 2016 at
10 AM be vacated.
OA hearing has not yet been scheduled before the Board of Equalization.
2016-2261
I
DATED this 27th day of July, 2016.
Petitioner(s) or Agent or Attorney
Address:
3433 / 34soke ,21t
coots Aso &fill
L
(Assistant) County Aorney or
Respondent, Weld County Board of
Commissioners
Address:
1150 "O" Street
P.O. Box 758
Greeley, CO 80632
Telephone: 68/4375'3.0 did ? Telephone.(970) 336.7235
Pass'
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Rocket Number 2016-2261
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2016-2261
2
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County Assessor
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 353-3845 ext. 3697
NOTICE OF DETERMINATION
Christopher M. Woodruff
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
ACCOUNT NO.
TAX YEAR
TAX AREA
LEGAL DESCRIPTION/ PHYSICAL LOCATION
R8944045
2016
2385
PT NE4 3-4-68 LOT A REC EXEMPT RECX15-01
31
RECEIVED
JUL 1 8 2016
C
PROPERTY OWNER
USE REAL ESTATE HOLDINGS LLC
3433 ROANOKE RD
KANSAS CITY, MO 64111-3726
PROPERTY CLASSIFICATION
cWEEL�D
jOQUNTY
//A Tf
art NM 3N
ASSES S
ACTUAL VALUE PRIOR TO
REVIEW
ACTUAL VALUE AFTER
REVIEW
INDUSTRIAL
879,697
795,197
TOTAL
$879,697
$795,197
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:
CM03 - After review of your property, we have made adjustments. This was done because of
additional information obtained, or provided through the appeal process.
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.
Date of Notice: 6/30/2016
Telephone: (970) 353-3845
Fax: (970) 304-6433
Office Hours: 8:00AM - 5:00PM
Please refer to the reverse side of this notice for additional information.
Agent (If Applicable):
(t Jm)
16-DPT-AR
PR 207-08/13
R8944045 10610223
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from
August 1st 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 0 Street, P.O. Box 758
Greeley, CO 80631
Telephone: (970) 356-4000 ext, 4225
Online: http://www.co.weld.co.us/apps/cboe/
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.gov/baa
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.
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.
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 amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.)
$ 3/90Oo.OO
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.)
(5e A>TAc/aa( Exio/A.4 iie...)
ATTESTATION
I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein
an any attachments hereto are true and complete.
gnature
Telephone Number
Email Address
'Attach letter of authorization signed by property owner.
� /4-1,2O/G
D to
16-DPT-AR
PR 207-08/13
R8944045 10610223
0-
A PROFESSIONAL CORPORATION
SEIGFREID
BINGHAM
CERTIFIED/RETURN RECEIPT
Weld County Board of Equalization
1150 O Street
P.O. Box 758
Greeley, CO 80631
RECEIVED
JUL 1 8 2016
WELD COUNTY
COMMISSIONERS
July 14, 2016
Re: Real Property Protests of Value
Account Number R8944045
Taxpayer: USE Real Estate Holdings LLC
2323 Grand Boulevard, Suite 1000
Kansas City, Missouri 64108
816.421.4460 F: 816.474.3447
www.sb-kc.com
Heather A. Jones
hjones@sb-kc.com
Dear Sir/Madame:
Enclosed are the following documents regarding the above referenced matter:
1. Copy of the Notice of Determination and the Petition executed by Tim
Moormeier with explanation page attached;
2. Copy of the Appeal that was submitted online on July 13, 2016; and
3. Confirmation page notifying the Appeal that was submitted online has been
submitted successfully.
If you have any questions regarding this matter, please contact me.
Very truly yours,
SEIGF'' ID BINGHA P.C.
HAJ:jh
Enclosures
cc: Tim Moormeier
Heather A. Jones
1053709v1
Attachment to Petition to County Board of Equalization
The Subject Property was part of a 126 -acre tract of real property with Account No. R4653786,
Parcel No. 106103000014 (the "Original Tract"). In 2015, the Original Tract was divided into
two tracts, the Subject Property, containing 12 acres and another tract. The Subject Property was
part of 24 acres of the Original Tract, which had been fenced -in and covered with road base
material by the prior landowner and was zoned industrial, Special Purpose -Land — 2130.
Because of the sub -dividing, the Subject Property currently has fencing on two sides, which
makes the fencing incomplete and only contains one-half as much road base covered surface as
the original 24 -acre tract. The Subject Property continues to be zoned industrial, the same as the
original 24 -acre tract.
For the reasons stated below, Taxpayer believes the value of the Subject Property is $319,000.
First, it appears that the County has attributed all of the "Building Improvement" costs of the
original 24 acre tract to your 12 acre parcel, rather than sharing it equally with the Seller who
owned the neighboring 114 acres which includes 11-12 acres of the original 24 acre fenced yard.
Also, it appears that the valuation of these improvements is dramatically inflated, and Taxpayer
isn't sure why the initial value for the entire 24 acre yard was $615,000.00.
Secondly, the assessor has valued the land value of the Subject Property at $22,000/acre which
Taxpayer also believes was too high in that time period. We are attaching information
describing four (4) other sites which sold between $9,291 - $16,154/acre.
Obviously, each site has its own features and compare differently to the Subject Property, but the
highest valued site at $16,154/acre fronted along a county road and had a far better opportunity
for development due to proximity of utilities. The Subject Property is located in the extreme
back end of the Original Tract with no access to, visibility from or frontage along any roadways.
Additionally, although outside of the valuation period, the adjoining 114.2 acres sold in
December 2015 for $15,762/acre. This site included the other one-half of the 24 acre fenced
yard, had frontage along I-25 and WCR 14 (Hwy 60), and had significant water rights included.
For the foregoing reasons, Taxpayer believes the value of the Subject Property is $319,000.
1053693v1
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Esther Gesick
From:
Sent:
To:
Subject:
Attachments:
webmaster@co.weld.co.us
Wednesday, July 13, 2016 5:05 PM
CTB-County Board of Equalization
Board of Equalization Appeal Submitted
USE_Property Valuation —Weld Co Colo 05312016 (002)1.pdf; Detail land comps for valuation
letter rvl.pdf
Appeal Submitted: 05:04 PM on Wednesday July 13, 2016
Contact Information Supplied:
• Contact Name: USE Real Estate Holdings [LC
• Contact Email: Tim.Moormeier@usengineering.co
• Contact Phone: (816) 753 - 6969
Property:
R8944045-,
Legal: PT NE4 3-4-68 LOT A RF.C, EXEMPT CX15-0131
Estimated Value: $ 319,000
Reason: The Subject Property was part of a 126 -acre tract of real property with Account No. R4653786, Parcel
No. 106103000014 (the "Original Tract"). In 2015, the Original Tract was divided into two tracts, the Subject
Property, containing 12 acres and another tract. The Subject Property was part of 24 acres of the Original Tract,
which had been fenced -in and covered with road base material by the prior landowner and was zoned industrial,
Special Purpose -Land — 2130. Because of the sub -dividing, the Subject Property currently has fencing on two
sides, which makes the fencing incomplete and only contains one-half as much road base covered surface as the
original 24 -acre tract. The Subject Property continues to be zoned industrial, the same as the original 24 -acre
tract. For the reasons stated below, Taxpayer believes the value of the Subject Property is $319,000. First, it
appears that the County has attributed all of the "Building Improvement" costs of the original 24 acre tract to
your 12 acre parcel, rather than sharing it equally with the Seller who owned the neighboring 114 acres which
includes 11-12 acres of the original 24 acre fenced yard. Also, it appears that the valuation of these
improvements is dramatically inflated, and rfaxpayer isn't sure why the initial value for the entire 24 acre yard
was $615.000.00. Secondly, the assessor has valued the land value of the Subject Property at $22,000/acre
which Taxpayer also believes was too high in that time period. We are attaching information describing four (4)
other sites which sold between $9,291 - $16,154/acre. Obviously, each site has its own features and compare
differently to the Subject Property, but the highest valued site at $16,154/acre fronted along a county road and
had a far better opportunity for development due to proximity of utilities. The Subject Property is located in the
extreme back end of the Original Tract with no access to, visibility from or frontage along any roadways.
Additionally, although outside of the valuation period, the adjoining 114.2 acres sold in December 2015 for
$15,762/acre. This site included the other one-half of the 24 acre fenced yard, had frontage along I-25 and WCR
14 (1Iwy 60), and had significant water rights included. For the foregoing reasons, Taxpayer believes the value
of the Subject Property is $319,000.
Documents
13 USE_Property Valuation —Weld Co Colo_05312016 (002)l.pdf
2.) Detail land comps for valuation letter rvl.pdf
2016-2261
1
Newmark Grubb
Knight Frank
May 31, 2016
Mr. Tim Moormeier
USE Real Estate Holdings LLC
3433 Roanke Road
Kansas City, MO 64111-3726
RE: Property Valuation
Weld County #R8944045
Tim
IMMEL
SS, SEW
!IL II!
s
MID a
We are in receipt of your 2016 Real Property Notice of Valuation for your 12 acres known as
Schedule #R8944045. After reviewing the notice and other details the County shows for your
property, we believe there are necessary corrections in how the property is being valued.
First, it appears that the County has attributed all of the "Building Improvement" costs of the original
24 acre yard to your 12 acre parcel, rather than sharing it equally with the Seller who owned the
neighboring 114 acres which includes 11-12 acres of the original 24 acre fenced yard. Also, it
appears that the valuation of these improvements is dramatically inflated, and we aren't sure why
the initial value for the entire 24 acre yard was $615,000.00. Since you are in the construction
industry, you probably have a better estimate on costs for road base and fencing.
Secondly, the assessor has valued the land value of your property at $22,000/acre which we also
believe was too high in that time period. We have attached information describing four (4) other
sites which sold between $9,291 - $16,154/acre.
Obviously, each site has its own features and compare differently to your site, but the highest
valued site at $16,154/acre fronted along a county road and had a far better opportunity for
development due to proximity of utilities. Your 12 acre site was located in the extreme back end of
the original 126 acres with no access, and also had no visibility or frontage along any roadways.
Additionally, although outside of the valuation period, the adjoining 114.2 acres sold in December
2015 for $15,762/acre. This site included the other one-half of the 24 acre fenced yard, had
frontage along 1-25 and WCR 14 (Hwy 60), and had significant water rights included.
When analyzing all this information, it is our opinion that the valuation for your property should have
been as follows:
Building improvement value for entire 24 acre fenced lot
according to your cost estimates:
Your parcel's share of said improvements (1/2):
Land value for 12 acres at $12,000/acre.
Total Valuation for the Tax Year 2016:
$350,000.00
1800 Larimer Street, Suite 1700, Denver, CO 80202 T 303 892.1111 F 303 892 6338
www, ngkf. corn
$175,000.00
$144,000.00
$319,000.00
Page 2
Please let us know if you have any questions or would like to discuss further.
Sincerely,
Michael M. Wafer, SIOR
Executive Managing Director
303.260.4242
mwaferAngkf.com
Bruce P. Mawhinney
Director
303.260.4255
bmawhinevAngkf.com
lime a
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7453 E County Road 16
Johnstown, CO 80534
Sale an 4/11/2014 for $600,000 ($0.34/SF) - Research Complete
Residential Land of 40.34 AC (1,757,210 SF)
SOLD
Recorded Buyer:
True Buyer:
Buyer Type:
F 1.0l LI t
500 /do
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2ro MERE
Buyer & Seller Contact Info
Mark & Susan Manning
Mark C Manning
Mark Manning
4630 Sorrell Ln
Johnstown, CO 80534
(970) 663-6006
Individual
Sale Date:
Escrow Length:
Sale Price:
Asking Price:
Price/SF Land Gross:
04/11/2014 (197 days on market)
$600,000 -Confirmed
680000
$0.34 ($14,873.57/AC)
Recorded Seller:
True Seller:
Seller Type:
Listing Broker:
Transaction Details
Hill Patricia A
Patricia A Worden
Patricia Worden
6171 8th St
Loveland, CO 80537
individual
LC Real Estate Group LLC
Nathan Klein
(970) 667-7000
Sale Type: Investment
Land Area: 40.34 AC (1,757,210 SF)
Proposed Use: -
Zoning: Farming; Future Res Dev
Off -Site Improv: Curb/Gutter/Sidewalk, Electricity, Gas, Streets, Water
Transaction Notes
The subject property sold for $600,000 on April 11, 2014
ID: 3002735
This sale included 1 share of Home Supply Ditch Company Water
The property size = 40 34 Acres and was priced for land but did have a 2,232 square foot house on it plus barn and multiple horse loafing
sheds [farm]
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Copyrighted report licensed to Newmark Grubb Knight Frank - 8929
5/27/2016
Page 1
County Road 21
Windsor, CO 80550
Sale on 9/20/2013 for $2,100,000 ($0.37/SF) - Research Complete
Commercial Land of 130 AC (5,662,800 SF)
SOLD
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Buyer & Seller Contact Info
Recorded Buyer:
True Buyer:
Buyer Type:
Buyer Broker:
Global Asset Recovery, LLC.
Global Asset Recovery, LLC.
Robert Baker
138000 Zubrick Rd
Roanoke, IN 46783
(260) 637-8748
Bank/Finance
The Clarkson Group
John Kundert
(970) 353-1331
Sale Date:
Escrow Length:
Sale Price:
Price/SF Land Gross:
Zoning
Lot Dimensions
Sale Conditions
On -Site Improv:
Off -Site Improv:
Parcel No:
Document No:
Sale History:
09/20/2013
$2,100,000 -Confirmed
$0.37 ($16,153.85/AC)
A, Weld County
Irregular
REO Sale
Recorded Seller:
True Seller:
Listing Broker:
Transaction Details
Carlile Bancshares
Carlile Bancshares
Cole Denbow
201 Main St
Fort Worth, TX 76102
(817) 877-4440
LC Real Estate Group LLC
Nathan Klein
(970) 667-7000
Sale Type: Investment
Land Area: 130 AC (5,662,800 SF)
Proposed Use: Hold for Development
Percent Improved:
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
Land Assessed/SF:
Raw land
Curb/Gutter/Sidewalk, Electricity, Gas, Sewer, Streets, Water
080715000064, 080715400005, 080715000062, 080715400069
3965434
Sold for $2,100,000 on 9120/2013
Portfolio sale of 2 properties sold for $3,500,000 on 9/2/2008
42.7%
$58,940 in 2012
$25,160
$33,780
$0.00
ID: 2854561
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Page 3
4032 Medford Dr - Kirksey Exemption
Loveland, CO 80538
Sale on 5/19/2014 for $700,000 ($0.34/SF) - Research Complete
industrial Land of 47.58 AC (2,072,585 SF)
SOLD
Recorded Buyer:
True Buyer:
Buyer Type:
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Buyer & Seller Contact Info
Discovery Ventures LIc
Industrial Piping Specialists, Inc
Harvey Crawford
606 N 145th E Ave
Tulsa, OK 74158
(918) 437-9100
Individual
Sale Date:
Escrow Length:
Sale Price:
Asking Price:
Price/SF Land Gross:
Zoning:
Lot Dimensions:
Sale Conditions:
Topography:
On -Site lmprov:
Off -Site Improv:
Improvements:
Parcel No:
Document No:
05/19/2014 (1,897 days on market)
$700,000 -Full Value
700000
$0.34 ($14,712.06/AC)
I
Irregular
REO Sale
Recorded Seller:
True Seller:
Seller Type:
Listing Broker
Transaction Details
Sale Type.
Land Area:
Proposed Use:
Percent improved:
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
Land Assessed/SF:
Level
Raw land
Curb/Gutter/Sidewalk, Electricity, Gas, Sewer, Streets, Water
Raw land
86333-11-001
20140025360
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Community Banks Colorado
Community Banks of Colorado
William Clark
5700 DTC Pky
Greenwood Village, CO 80111
(720) 529-3300
Bank/Finance
RE/MAX Traditions
Ken Voss
(303) 772-3800
Investment OR Owner/User
47.58 AC (2,072,585 SF)
Commercial, Industrial
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$203,000 in 2013
$203,000
$0.00
ID: 3033678
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Copyrignted report licensed to Newmark Grubb Knight Frank - 8929
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Page 6
4
Weld County Road 46 - Hold For Development Site
Johnstown, CO 80534
Sale on 7/11/2013 for $645,000 ($0.21/SF) • Research Complete
Residential Land of 69.42 AC (3,023, 935 SF)
SOLD
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Recorded Buyer:
True Buyer:
Buyer Type:
Sale Date:
Escrow Length:
Sale Price:
Price/SF Land Gross:
Zoning:
Density:
Topography:
On -Site lmprov:
Improvements:
Parcel No:
Document No:
Sale History:
Lf::' .t,
Buyer & Seller Contact Info
Colorado Mineral Partners Lic
Kenny, Paul J D LIm
Paul Kenny
19 Old Town Sq
Fort Collins, CO 80524
(970) 472-9115
Individual
07/11/2013
$645,000 -Full Value
$0.21 ($9,291.27/AC)
A, Johnstown
N/Av
Level
Raw land
Raw land
106113000032
3947575
Sold for $645,000 on 7/11/2013
Sold for $650,000 on 11/1/2005
Recorded Seller:
True Seller:
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500 id;
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Sks Dev Properties Lic
Vincent Chimeiis
6624 Murano Dr
Windsor, CO 80550
Seller Type: Individual
Transaction Details
Land Area: 69.42 AC (3,023,935 SF)
Proposed Use: Hold for Development
Percent Improved:
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
Land Assessed/SF:
$9,870 in 2012
$9,870
$0.00
LC'45 HERE
ID: 2799887
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Copyrighted report licensed to Newmark Grubb Knight Frank - 8929
5/27/2016
Page 7
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Address
7453 E County Road 16
County Road 24
4032 Medford Dr
Weld County Road 46
City
Johnstown
Windsor
Loveland
Johnstown
Property Info
40.34 AC Land
130 AC Land
47,58 AC Land
69.42 AC Land
Sale Info
Sold: $600,000 ($0.34/SF)
Sold: $2,100,000
Sold: $700,000 (${x.34/SF)
Sold: $646.,00.0 ($G.2i/SF)
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Page 9
July 22, 2016
Petitioner:
USE REAL ESTATE HOLDINGS LLC
3433 ROANOKE RD
KANSAS CITY, MO 64111-3726
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 #: 2016-2261, AS0094 Appeal #: 2008211173 Hearing Date: 8/4/2016 10:00 AM
Account(s) Appealed:
R8944045
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of AUGUST 4, 2016, at or about the
hour of 10:00 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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