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Home My WebLink About20152322.tiff 1861, CLERK TO THE BOARD PHONE (970) 336-7215, EXT 4226 Tr FAX (970) 352-0242 -"� WEBSITE: www.co.weld.co.us 1150 O STREET N T Y P.O. BOX 758 C o_-U- GREELEY CO 80632 September 1, 2015 BREW LLC 4627 W 20TH STREET RD STE A GREELEY, CO 80634-3203 RE: THE BOARD OF EQUALIZATION 2015, WELD COUNTY COLORADO APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR ACCOUNT NO.: R8168700 Dear Petitioner: On July 30, 2015, 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 your request to approve and adopt a valuation of your property arrived at by a Stipulation between you and the Weld County Assessor, for the year 2015. The Board of Equalization found that the evidence presented at the hearing supported the stipulated value placed upon the above-described property as set forth below. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated by law. ACTUAL VALUE AS STIPULATED VALUE DETERMINED BY ASSESSOR APPROVED BY BOARD $t033,840.00 $904,610.00 The above `Stipulated Value' is the value which will be used in the calculation of your property taxes for 2015. This value is not appealable. If you have questions concerning the above information, please call me at (970) 336-7215, Ext. 4226. Very truly yours, Esther E. Gesick, Clerk to the Board Weld County Board of County Commissioners Cc: Christopher Woodruff, Weld County Assessor JOSEPH C SANSONE CO 18040 EDISON AVE STE 400 CHESTERFIELD, MO 63005-3702 2015-2322 AS0091 COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R8168700 STIPULATION(As To Tax Year 2015_Actual Value) RE PETITION OF :Ashcroft Center NAME: Brew LLC ADDRESS: 3313 351 Ave Greeley, Co Petitioner(s)and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2015 valuation of the subject property,and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner(s) and Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: EVS 1ACH TRACT C ASHCROFT HEIGHTS 1ST FII, 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 2015: Total $1,033,840.00 4. After further review and negotiation,Petitioner(s) and Weld County Assessor • agree to the following tax year 2015 actual value for the subject property: Total $904,610.00 5. The valuation, as established above,shall be binding only with respect to tax year 2015. 6. Brief narrative as to why the reduction was made: Analysis of comparables provided by petitioner and consideration of 100% vacancy. 7. Both parties agree that: ['The hearing scheduled before the Board of Equalization on(Date)at (Time) be vacated. ®A hearing has not yet been scheduled before the Board of Equalization. R8168700 1 2015-2322 s 7�z'74" 4500// DATED this 21st day of July,2015. Petitioner/4)Agent or Attorney (Assi ntbbtrfitOtesdtay-for Respondent, Weld County Board of Commissioners TI-Ai EPH C. SANSONE CO. Address: 0 EDISON AVENUE 1150 "O" Street CHESTERFIELD, MO 63005 Greeley,CO 80632 Telephone. 616-133 -516.5- Telephone:(970) 336-7235 County Ass ssor Address: 1400 N.17th Avenue Greeley, CO 80831 Telephone: (970) 353-3845 ext. 3697 Docket Number Stip-1.Frm R8168700 2 NOTICE OF DETERMINATION RECEIVED Christopher M. Woodruff JUL 1 0 2015 Date of Notice: 6/30/2015 Weld County Assessor Telephone: (970) 353-3845 1400 N 17th Ave WELD COUNTY Fax: (970) 304-6433 Greeley, CO 80631 COMMISSIONERS Office Hours: 8:00AM—5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/PHYSICAL LOCATION R8168700 2015 0663 EVS 1ACH TRACT C ASHCROFT HEIGHTS 1S T FIL fjj BREW LLC 4627 W 20TH STREET RD STE A 3313 35 AV eGREELEY,CO 80634-3203 EVANS,CO 000000000 l O a. a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 1,163,070 1,033,840 TOTAL $1,163,070 $1,033,840 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. Please refer to the reverse side of this notice for additional information. Agent (If Applicable): JOSEPH C SANSONE CO 18040 EDISON AVE STE 400 CHESTERFIELD, MO 63005-3702 CC: A512-7/o l 6000-0055 5.2077--/- f OO?) APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 29 through August 5 at 1150¶50.0 Street. To appeal the Assessor's decision,complete the Petition to the County Board of Equalization shown below,and mail or deliver a copy of both sides of ttds form to: Weld County Board of Equalization 1150.O Street,P.O.Box 768 Greeley,CO 80631 Telephone:070)358-4000 ext,4225 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 recommend tat all correspondence be mailed with p prove roof at of mailiendg.a timely appeal; therefore, we 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, f 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 September10,§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: Poerd of cowl 1313 Sherman Street, Room 315Piffle the District Court in the County Denver, CO 80203 where the property is located. See your (303)866-5880 local telephone book for the address and www.dola.colorado.00v/baa telephone number. Findlrip Ap or a rust of Ors,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. PEI7TION TO COUNTY BOARD OF EQUAL.tZATION 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 reee property pursuant to§39 8106(1.5),CAS-) SEE ATTACHED What is the bawds 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.) THE ASSESSORS CALCULATION OF THE VALUE EXCEEDS THE ACTUAL MARKET VALUE OF THE PROPERTY. I ATTESTATION 1,the undersigned owner or agent'of the property identified above,affirm that the statements contained herein and on any attachme her o are true and complete. 636-733-5455 742015 Signature Telephone Number Date appeals@jcsco.com Email Address Please Send all Correspondence to: Joseph C Sansone Company 4 Attach letter of authorization signed by property owner- 18040 Edison Avenue Chesterfield,MO 63005 6 • IRE*.pifloputry ppm film If you disagree with the"current year actual value"and/or the classification determined for your property,you may file an appeal by mall or in person with the County Assessor.Completing the Real Property Questionnaire will help you determine an estimate of value for your property, which can be compared to the value determined by the Assessor.Colorado law requires application of the market approach to value for residential properties(includes apartments)and consideration of the cost, market,and income approaches to value for vacant land, commercial,and Industrial properties. REASON FOR REQUESTING A REVIEW:The Assessor's calculation of value exceeds the actual market value of the property. REAL PROPERTY QUESTIONNAIRE ATTACH ADDITIONAL DOCUMENTS AS NECESSARY (Do not send original documents, they will not be returned.) MARKET APPROACH(ALL PROPERTY TYPES):This approach to value uses sales from the 18-month period ending June 30, 2014. if data is insufficient during this time period,the Assessor may also consider data from the 5-year period ending June 30, 2014. Statute prohibits the Assessor from using appraisal data after June 30, 2014. To help estimate the market value of your property,please list sales of similar properties that have sold in your neighborhood. A copy of an appraisal prepared prior to June 30,2014 may be helpful in estimating the market value of your property. DATE SOLD SCHEDULE/ACCOUNT NUMBER or PROPERTY DESCRIPTION or ADDRESS SELLING PRICE Based on the information provided and accounting for differences between sold properties and your property,state the value of your property as of June 30, 2014. $See Enclosed Info COST AND INCOME APPROACH: For vacant land,commercial and industrial properties the Assessor must also consider the cost and income approaches to value. If your commercial or industrial property was not leased from January 2013 through June 2014,please complete the market approach section above. To assist the Assessor in evaluating your appeal,and if your property was leased during January 2013 through June 2014, please attach an operating statement indicating your Income and expense amounts.Attach a rent schedule indicating the square footage and rental rate for each tenant occupied space. If known,attach a list of rent comparables for competing properties. Estimate of value based on cost approach:$ Estimate of value based on income approach:$See Enclosed Information AGENT ASSIGNMENT ASSIGNMENT: I authorize the below-named agent to act on my behalf regarding the property tax valuation of the property described herein for the year?n15 Agent's Name(please print): David Suden of Joseph C. Sansone Co. Daytime Telephone#: 636-733-5470 Owner's Signature: see attached Agent Authorization _ Date: Please mail all correspondence regarding this protest Edison Avenue Suite 400 to the above-named agent at the following address: Chesterfield, MO 63005 W ER!M ENTVERIFIC VERIFICATION I,the undersigned owner or agent of this property, state that the information and facts contained herein and on any attachments constitute true and complete statements concerning the described property. SCHEDULEIACCOUNT NUMBER:R8168700 (Found above your name on the other side of this form.) p Signature: J _ _ Date:C6�Z'/(' Daytime Tele honer: 636-7636-733-547a Indicate the name,telephone number and email address for a person the Assessor may contact with questions. Name David Suden Telephone 636-733-5470 Email appeals@jcsco.com 15-322pystVO tptleipptii and/or the classification to the Assessor expires on June 1, 2015 It the date for filing any documeiTt falls upon a Saturdiy,Sunday,or legal holiday,it shall be deemed timely filed ii postmarked or delivered on the next business day.39-1-120(3),C.R.S. 15-32078-0001-CO AGENT AUTHORIZATION TO: 1�I ( yr y Assessor's Office and the Assessment Review Agency BREW LLC hereby authorizes and appoints Joseph C. Sansone Company to act as agent with full authority to handle all matters relating to ad valorem tax matters. This includes but is not limited to filing of property tax declarations or other documents with you or the Assessment Appeals Board, examining any records in your office which I have a right to examine, appearing before any assessment officer or board and discussing assessments and resolving disputes with you concerning the assessment on property for which I am responsible for the property taxes. This agency shall terminate when all matters relating to the 2012 through 2016 assessments are resolved. BREW LLC EXACT NAME OF PROPERTY OWNER(FROM NOTICE OF VALUATION) 3313 35th Avenue R8168700 /095923010003 STREET AJ)D _ .�y --- SCHEDULE/PARCEL NUMBER eU ATURE PRINT NAME OF SIGNER ?(rpl ' Cjt tde,rc e%46'c DATE TITLE 7o., � T-,17612_ PHONE NUMBER State of C,Q for City of Lit Lc_ On this 4 day of 4,201 before me,the undersigned officer,personally appeared ,known to me(or satisfact'orily proven)to be the person whose name is subscribed to within the instrument and acknowledged that he executed the same for the purposes therein contained. In witness hereof i hereunto set my hand and official seal. . Lir) L t Public STEVEN� ; WHITE cnj,� eQo Fil<Y COMM.EXP.04-03.20i 6 • REAL PROPERTY SUMMARY ANALYSIS OF Ehrlich Management LLC 3313 35th Avenue Evans, CO 80620 Parcel ID(s) Appeal Number 095923010003 As of 1/1/2015 Prepared By: JOSEPH C. SANSONE COMPANY 18040 Edison Avenue Chesterfield, Missouri 63005 <This is not an appraisal> This information is provided by the Joseph C.Sansone Company as an authorized advocate and representative of the property owner or taxpayer, Therefore,the information is not and should not be considered an objective analysis of the value of the subject property interest. The information is not intended to constitute an"appraisal"or"appraisal report"pursuant to the Uniform Standards of Professional Appraisal Practice("USPAP")or Missouri law. No one from the Joseph C.Sansone Company is acting as a licensed or certified real estate appraiser in this matter.Whether any person involved in the preparation or presentation of the information is a licensed or certified appraiser is of no importance and the information and presentation are not intended to comply with the USPAP requirements of appraisal practice. 15320780003a) 3313 35th Avenue PTR Number:15320780001CO Location IDs:095923010003 Tax Year 2015 / Pay Year 2016 Area TypeRETAIL Location Totals Gross Building Area 12,923 12,923 Net Leaseable Area 12,923 12,923 Potential Gross Income 8.00 103,384 8.00 103,384 i Vacancy and Credit Loss 30.0% 31,015 ! 30.0% 31,015 Effective Gross Income 72,369 72,369 Overall Expense 10.0% 7,237 10.0% 7,237 Net Operating Income 65,132 65,132 Base Cap Rate 9.000 Adj Tax Rate 0.296 Adj Cap Rate 9.296 Value Sum 700,675 Indicated Value 701,000 Total Indicated Value per SF(NLA) 54.22 1.5320780001CO Broker's Opinion—This is not an appraisal—See Full Disclaimer 2903-2913 37th St- Northpoint Center SOLD Evans,CO 80620 Sale on 12/27/2013 for$590,800($54.72/SF)-Research Complete 10,797 SF Retail Storefront Retail/Office(Strip Center) Building Built in 2007 D. �.. ry r .t3 Z 01 at © w= Anchor Dr Coronado Bay a� 1 - .I ,ariners Lando-67i' xya, ounty Road 54 37th St d a Quail St c Dock,Dr Dock Dr fn, � Haven Ct -laven Ct t �` <St s' Marina St Maripg[y f d M►�'roesoft'air Park View Dr Virtual Eart 1 p` �_��Jiu;atais�'�r t �. i rr_i 'll .�.3L1 Q Buyer&Seller Contact Info Recorded Buyer: 2903 Investments Lic Recorded Seller: Mgd Land LIc 270 Saint Paul St Denver, CO 80206 Listing Broker: RE/MAX Alliance Mary Jo Brockshus (970)330-5000 Sperry Van Ness/The Group Commercial Steve Kawulok (970)488-3156 Transaction Details ID:2930021 Sale Date: 12/27/2013(155 days on market) Sale Type: Investment Escrow Length: - Bldg Type: Retail-Storefront Retail/Office(Strip Center) Sale Price: $590,800-Confirmed Year Built/Age: Built in 2007 Age:6 Asking Price: $599,000 GLA: 10,797 SF Price/SF: $54.72 Land Area: 1.07 AC(46,609 SF) Price/AC Land Gross: $552,149.53 Percent Leased: - Tenancy: Multi Percent Improved: 63.1% Total Value Assessed: $219,170 in 2012 Improved Value Assessed $138,390 Land Value Assessed: $80,780 Land Assessed/AC: $75,495 Financing: $600,000.00 from Private Lender Parcel No: 095924337002 Document No: 3986881 Copyrighted report licensed to Joseph C.Sansone Company-200793. 4/20/2015 2400 W 16th St-Cottonwood Park SOLD Greeley,CO 80634 Sale on 5/10/2013 for$2,500,000($75.09/SF)-Research Complete 33,293 SF Retail Freestanding(Neighborhood Center) Building Built in 1976 N �s n , � C W 15th St W 15th St 151 W 16th North Col Grad e Pi s +vim e /th St 17th St •<, ti > ta W 18th St a �x tit 'L o 16th St r 14TH r L� sec N 500 yd5 J Microsoft' - rom Ayirtua) Earth !.�i !i^var ul�C_+p_t u,�'•!�2Etir_',t v.:- Buyer&Seller Contact Info Recorded Buyer: 2316 Investments LLC Recorded Seller: Greeley Retail Partners Llc True Buyer: Campbell Bohn Killin Brittan&Ray, True Seller: Oakland Pacific Properties L.L.C. Reuven Kahane Rick Campbell 480 3rd St 270 St Paul St Oakland,CA 94607 Denver,CO 80206 (510)371-4677 (303)322-3400 Seller Type: Individual Listing Broker: Capital Pacific Partners Zeb Ripple (415)274-2702 Transaction Details ID:2751979 Sale Date: 05/10/2013 Sale Type: Owner/User Escrow Length: - Bldg Type: Retail-Freestanding(Neighborhood Center) Sale Price: $2,500,000-Confirmed Year Built/Age: Built in 1976 Age:37 Asking Price: - GLA: 33,293 SF Price/SF: $75.09 Land Area: 3.30 AC(143,748 SF) Price/AC Land Gross: $757,575.76 Percent Leased: 53.4% Tenancy: Multi Percent Improved: 61.1% Total Value Assessed: $531,020 in 2012 Improved Value Assessed $324,620 Land Value Assessed: $206,400 Land Assessed/AC: $62,545 No.of Tenants: 2 Tenants at time of sale: APRIA Health Care;Small Smiles Dental Clinic Financing: Down payment of$2,500,000.00(100.0%) Parcel No: 095912428001 Copyrighted report licensed to Joseph C.Sansone Company-200793. 4/20/2015 3050 67th Ave - St. Michaels Town Square SOLD Greeley,CO 80634 Sale on 9/11/2013 for$1,600,000($78.95/SF)-Research Complete 20,267 SF Retail Storefront Retail/Office(Neighborhood Center) Building Built in Sep 2005 ,3 I ity w% d l; m '4 Less Ashcroft Rd �'31st5<5° iN W 31st St :- m u s b a a, Burquruty St 5r00 Of; 1 Microsoft' C m , t IVirtual Earth'-' v r�la:+cur.:4,1_1;w. c.k./t ,:,..,,iu i Buyer&Seller Contact Info Recorded Buyer: Ag Resource Holdings LLC Recorded Seller: Mile High Bk Na True Buyer: Thomas M Haren True Seller: Mile High Banks Na Thomas Haren Mile Banks 14339 Highway 256 1726 Hover St Platteville,CO 80651 Longmont, CO 80501 Buyer Type: Individual Buyer Broker: NAI Shames Makovsky Listing Broker: RPM Management LLC Brian Bair James Smith (303)565-3019 (970)339-9280 Trent Rice (303)565-3033 Transaction Details ID:2865146 Sale Date: 09/11/2013(1,268 days on market) Sale Type: Owner/User Escrow Length: - Bldg Type: Retail-Storefront Retail/Office (Neighborhood Center) Sale Price: $1,600,000-Confirmed Year Built/Age: Built in Sep 2005 Age:8 Asking Price: $1,900,000 GLA: 20,267 SF Price/SF: $78.95 Land Area: 0.35 AC(15,246 SF) Price/AC Land Gross: $4,571,428.57 Percent Leased: 77.4% Tenancy: Multi Sale Conditions: REO Sale No.of Tenants: 8 Tenants at time of sale: Bataa Oil Incorporated;Calvin Enterprises;Crossroads Greeley; Help-U-Sell; Mile High Banks; Rocky Mountain Capital Corporation;St Michaels Event Center LIc;Tom Haren Sale History: Sold for$1,600,000($78.95/SF)on 9/11/2013 Sold on 9/15/2009 Non-Arms Length Copyrighted report licensed to Joseph C.Sansone Company-200793. 4/20/2015 1 Hello