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Home My WebLink About20152437 BOARD OF ASSESSMENT APPEALS STATE OF COLORADO NOTICE OF HEARING SCHEDULE NO. R325104 DOCKET NO. 66441 Petitioner(s): p EC E`'i7 ' br(s): 2015 PMC MILLIKEN LLC 6lCVC V �V v. OCT 2 9 2015 Respondent: WELD COUNTY BOARD OF EQUALIZATION WELD COUNTY COMMISSIONERS The Board of Assessment Appeals will hear the above-captioned matter: Date: March 15, 2016 Time: 8:30 AM Mountain Time on a trailing docket Location: 1313 Sherman Street Room 315, 3rd Floor Denver, CO 80203 Time Allocated: 2 hour(s) per side PLEASE TAKE NOTICE: The Board of Assessment Appeals uses a one-day modified trailing docket. Several cases are scheduled for hearing at 8:30 am each day. Cases are heard in the order determined by the Board, with the first case commencing at 8:30 am. At the completion of the first case on the docket, the Board hears the second case on the docket. The Board proceeds through the docket in this manner until all cases have been heard or until insufficient time remains to fully hear the remaining cases on the docket. Cases not heard will be continued to another day. You are required to appear for your hearing at 8:30 am on the date noted above and remain until your case is heard or continued, unless the Board removes your case from the trailing docket and schedules your case for a specific time later in the day. A list of cases removed from the trailing docket will be available at least one week prior to the hearing date. If your case is removed from the trailing docket, you are required to appear at the specific time scheduled by the Board. Please check the Hearing Schedule on the Board's web page (www.dola.state.co.us/baa/index.htm) or call (303) 864-7711 within one week prior to your hearing date to determine if your hearing has been scheduled for a specific time on the hearing date. If the Petitioner is a closely held entity as defined in CRS 13-1-127, the Petitioner must be represented by either an attorney licensed in Colorado or an officer of the entity. If the Petitioner is a domestic or foreign entity that is not closely held, as defined in CRS 7-90-102, an attorney licensed in Colorado must represent the entity in all legal proceedings before the Board. Pursuant to Board Rule 11, documentary evidence and witness lists must be received by the Board and the opposing party no later than March 1, 2016. If this date falls on a State Holiday, the documentary evidence and witness lists are due the following working day. Petitioner's Representative of Record: Mailed: October 23, 2015 STEVENS &ASSOCIATES INC TODD J. STEVENS 9635 MAROON CIRCLE, SUITE 450 ENGLEWOOD, CO 80112 0/unthuLnAja36;4\2s. - s , 01x9 JO)s-0,(}3-7 As ool i For Office Use Only PETITION TO STATE BOARD OF ASSESSMENT APPEALS 1313 Sherman Street, Room 315 Phone: (303) 866-5880 Docket No. Denver, Colorado 80203 Fax: (303) 866-4485 Fee: Y N September 1, 2015 Date: Check/Credit Card# H Property Owner: PMC Milliken LLC R Et EIVED Subject Property: 2600 Center Drive Milliken SEP 0 8 2015 Street Address City Schedule Number(s): R3252104 WELD COUNTY Attach separate sheet if necessary Weld Board of Equalization Appeals the decision of the ❑Board of Commissioners Dated: August 6. 2015 County ❑State Property Tax Administrator This Appeal concerns: Z Valuation ❑Refund/Abatement ❑Exemption ❑State Assessed Tax Year: 2015 The subject property is currently classified as: ❑ Agricultural ❑Commercial ❑Exempt M Industrial ❑Mixed Use El Natural Resources ❑Oil & Gas ❑Personal ❑Possessory ❑Producing El Residential EState Assessed ElVacant Land Interest Mines Actual Value assigned to subject property: $2,277,750 Petitioner's estimate of value: $1,400,000 Estimated time for Petitioner to present the appeal: minutes or 2.0 hours. Not less than 30 minutes. Board will allow equal time to County or Property Tax Administrator. Appearance: ❑Petitioner will be present at the hearing ❑Petitioner will appear by telephone M Petitioner will be represented by an agent Petitioner is responsible for calling the Board at 303-866-5880 ❑Petitioner will be represented by an attorney on the scheduled date and time of hearing(Mountain Time Zone) CI Petitioner would like to appear by video conference Petitioner must contact the Board at 303-866-5880 at least 20 days in advance of the scheduled hearing to confirm availability of video conference equipment.is responsible for calling the Board at 303-866-5880 If the property owner is an entity, it must appear under the representation of an attorney licenses in Colorado except as follows. A closely held entity may be represented by an officer of the entity as long as the amount in controversy does not exceed$10,000,exclusive of costs,interest or statutory penalties.A closely held entity can have no more than three owners.See Section§13-1-127,C.R.S.A closely held entity that will be represented by an officer of the entity must provide a letter to the Board with this petition stating that it has no more than three owners and that the tax amount at issue does not exceed$10,000.A trust filing a petition after 12/31/2010 must be represented by an attorney and must pay a$101.25 filing fee. Filing Fee: ❑ None Petitioner is appearing pro se (self-represented) and has not filed more than two Petitions with the Board of Assessment Appeals during this fiscal year(July 1 —June 30). ❑ $33.75 Petitioner is appearing pro se (self-represented)and has filed more than two Petitions with the Board of Assessment Appeals during this fiscal year(July 1 —June 30). ®$101.25 Petitioner will be represented by an agent or by an attorney. In the space below, please explain why you disagree with the value assigned to the subject property The assessor did not properly consider the Cost, Market and Income approaches to value or aspects of the property in question. apirriLixajd4.O44, 020/s- 9-N-owls-awls c QasA, X 19 A5 0091 Required attachments to this form: ❑ Assessor's or Property Tax Administrator's Notice of Valuation or Notice of Denial ® Decision of County Board of Equalization, County Board of Commissioners or Property Tax Administrator Attachments required under certain circumstances: ® A notarized Letter of Authorization if an agent will be representing Petitioner ❑ A list of names, last known addresses and telephone numbers of co-owners or parties directly interested in the subject property if applicable. Certificate of Service I hereby certify that a true and correct copy of the foregoing Petition to the State Board of Assessment Appeals and attachments were mailed, faxed or hand delivered to: ®Board of Equalization Weld ❑Board of Commissioners County ❑State Property Tax Administrator at the following address: 1150 O. Street, P.O. Box 758 Greeley, CO 80632 on September 1, 2015 Date I hereby certify that a true and correct copy of the foregoing Petition to the State Board of Assessment Appeals and attachments were mailed, faxed or hand delivered to all co-owners or parties directly interested in the subject property on Date I hereby certify that four(4) true and correct copies of the foregoing Petition to the State Board of Assessment Appeals and attachments were mailed or hand delivered to the Board of Assessment Appeals at 1313 Sherman Street, Room 315, Denver, CO 80203 on September 1, 2015 Date (One copy may be faxed to the Board but the original and two additional copies must be mailed or hand delivered.) Petitioner's Mailing Address is Required Even if Petitioner is Represented by An Agent or Attorney(per C.R.S.39-8-109) ICAL (/-14 Signature of gent ® or Attorney ❑ Signature of Petitioner Todd J. Stevens PMC Milliken LLC Printed Name Printed Name 9635 Maroon Circle Suite 450 5000 Vasquez Blvd Mailing Address Mailing Address Englewood, Colorado R011? Denver CO 80216 City, State, Zip Code City, State, Zip Code Telephone: (303)347-1878 Telephone: (303)347-1878 Daytime number E-Mail: todd@stevensandassoc.com E-Mail: todd@stevensandassoc.com Attorney Reg. No.: It is the Petitioner's responsibility to notify the BAA of any change of address. Petitioners are strongly encouraged to read the Instructions and Rules of the Board of Assessment Appeals prior to completing this Petition Form. The Instructions and Rules are available on the Web at www.dola.Colorado.gov/baa or may be requested by phone at 303-866-5880. Property Tax Consultant-Agency Agreement Owner Address: 5000 Vasquez Blvd, Denver, CO 80216 Property Address/Legal Description/Schedule#: See Attached exhibit A Consultant/Agent: Stevens &Associates Cost Reduction Specialists, Inc. I/We PMC Colorado Springs LLC, PMC Grand Junction LLC, PMC Milliken LLC, PMC Cheyenne LLC, subsidiaries, parent companies and all affiliated companies agree with Stevens &Associates Cost Reduction Specialists, Inc. that for the property tax/sales and use tax assessment years 2015, 2016 and prior years, in Colorado as the property referred to above,that Stevens &Associates Cost Reduction Specialists, Inc. is hereby engaged and authorized to act as agent and consultant before either the Board of review as well as the State Tax Review Board or for any hearing pertinent to the property for the property tax/sales and use tax assessment years 2015, 2016 and prior years. Please direct all correspondence and refunds to Stevens &Associates Cost Reduction Specialists, Inc. The undersigned further authorizes Stevens &Associates Cost Reduction Specialists, Inc. as agent of the undersigned, in the name of the undersigned, to execute and cause to be filed on behalf of the undersigned, in the name of the undersigned, any and all documents relating to an appeal of the said assessments, for the assessment years in question and prior years, before either the Board of review as well as the State Tax Review Board or any hearings pertinent to the property. Thus done and executed on this '4`1) day of February 2015. Agreed by: PMC Colorado Springs LLC, PMC Grand Junction LLC, PMC Milliken LLC, PMC Cheyenne LLC By: ej___e � Rick Lechman Title: Chief Financial Officer STATE OF (O/or 10 The foregoing instrument was acknowledged before me} This da 'day of Pebruov'l\ , Please Direct all correspondence/refunds to: By: Rick Lachman Stevens &Associates/ Inc. 9635 Maroon Cir, Suite 450 Witness my hand and official seal. Englewood, Colorado 80112 my commission expires: a': 'xv` 1�1� \V M Notary Pubin Notary Signature WENDIY K CLARK NOTARY PUBLIC STATE OF COLORADO NOTARY ID 20004031525 MY CONIASSION EXPIRES OCTOBER 7,2017 Exhibit A PMC Colorado Springs LLC 2259 Commercial Blvd El Paso Schedule# 6429409010 PMC Grand Junction LLC 2340 170 Frontage Mesa County Parcel/Account# 2701-322-19-002/R017687 PMC Milliken LLC 2600 Center Drive Weld County Parcel /Account# 105912152002/R3252104 PMC Cheyenne LLC 7854 Hutchins Drive Laramie County PIDN /Tax ID 14653130101200/ 14801000100020 CLERK TO THE BOARD �'‘ N1861 -/ e �xsa PHONE ( 970 ) 336 -7215 , EXT 4226 FAX ( 970 ) 352 - 0242 mma WEBSITE : www . co . weld . co . us 1150 O STREET lierN P . O . BOX 758 II � N -rYGREELEY CO 80632 GC OB_ August 5 , 2015 PMC MILLIKEN LLC 5000 VASQUEZ BLVD DENVER , CO 80216- 3029 RE : THE BOARD OF EQUALIZATION 2015 , WELD COUNTY , COLORADO ADMINISTRATIVE DENIAL OF PETITIONER ' S APPEAL AND AFFIRMATION OF ASSESSOR ' S VALUE ACCOUNT NO . : R3252104 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 for an Administrative Denial of your petition for appeal of the Weld County Assessor' s valuation of your property described above , for the year 2015 . The Assessment and valuation is set as follows : ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY ASSESSOR SET BY BOARD $ 2 , 277 , 750 . 00 $ 2 , 277 , 750 . 00 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 . 2015-2437 AS0091 All appeals to the Board of Assessment Appeals filed after August 10 , 2015 , MUST comply with the following provisions of C . R . S . Section 39 -8 - 107 ( 5 ) : ( 5 ) ( a ) ( I ) On and after August 10 , 2015 , 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 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 . 2015-2437 AS 0091 • 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: 303-866- 5880 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. 2015-2437 AS0091 If you have questions concerning the above information , please call me at ( 970 ) 336-7215 , Ext . 4226 . Very truly yours , €40;oe Esther E . Gesick , Clerk to the Board Weld County Board of County Commissioners Cc : Christopher Woodruff, Weld County Assessor STEVENS & ASSOCIATES COST REDUCTION SPEC 9635 MAROON CIRCLE SUITE 450 ENGLEWOOD , CO 80112 -5902 2015-2437 AS0091 Esther Gesick From: Beth Diehl[beth.diehl@stevensandassoc.com] Sent: Wednesday,July 29,2015 12:13 PM To: Esther Gesick Cc: Wade Melies;Staci White Subject: B0E Hearings Hi Esther. We will take admin denials on the following: 2316 Investments LLC 2400 W 16th St 095912428001 R3919505 146703111004, R8928300, Wide Open Real Estate LLC 3761 Monarch St 146703111005 R8928400 PMC Milliken LLC 2600 Center Drive 105912152002 R3252104 Richmond American Homes of Colorado Inc Wyndham Hill Various Various-38 lots We will hear the following tomorrow,Thursday,July 29,2015 @ 9:30am. Automotive Services Inc 8337 Raspberry Way 131323301001 R3635305 Beth Diehl Stevens&Associates 9635 Maroon Circle Suite 450 Englewood,CO 80112 beth.diehl(P stevensandassoc.com 303.347.1878 Phone f15DDY11 Christopher M . Woodruff, Weld County Assessor Valuation Report Of Commercial Property For County Board of Equalization PMC MILLIKEN LLC Petitioner vs. Weld County Assessor' s Office Respondent Parcel Number: 105912152002 Schedule Number: R3252104 Appeal Number: 2008210288 Date : July 30, 2015 Time: 15 : 45 Board : CBOE Prepared By Wade Melies Assessor' s Office Staff Appraiser Assessor' s Indicated Value COMMERCIAL $ 2 , 277, 750 Salient Facts and Conclusions Purpose of Appraisal To determine Market Value as of 1/1/ 15 based on an appraisal date of 6/30/14. Property Rights Appraised Unencumbered fee simple interest. Location 2600 CENTER DR MILLIKEN Land Area 291,700 Property Type Commercial Occ% 100% Occupancy Description Complete Auto Dealership Imp No 1 Year Built 2005 Quality Average Class Masonry Number of Stories 1 Improvement Sq.Ft. 18,222 Value Indications: Land $670,910 Cost Approach $1,939,000 Market Approach $2,368,860 Income Approach $2,850,000 Final Value $2,277,750 Subject Description The subject is located on the eastern side of the town of Milliken and on the north side of Hwy 60 at 2600 Center Drive. The subject is a heavy equipment dealership, service center, and parts provider. The subject property was purchased by PMC Milliken LLC on 2/29/2012 for $2,800,000. Included in the sales was a credit to the seller for $450,000 worth of heavy equipment parts. The adjusted sale price results in sale price of $ 129 per square foot or $2,350,000. Subject Photos silitin• •LAllillii �' 1 so ellrailik tar Sir.ga-• r fit-/ --WIAlritigfilo Air imoI - tut i 1-. I ii MR jit_ iii ,.� 1 r-!_. 1 t- IP eat 9 : • • 4— • i yy - •. �.� 1, am .. ' �0. ' i Y.^� I • mss. 7� T ! LSI �r -evei _r- - — s ,M-_ ...3. • . rt. su.u' 0 1120.0' t ■ a•,`1:. ' • Equipment Collections Sic • �` - v ? c �, Wash Bay x �1 I' c ! j, m N Wash 2000.0' Pre-Wash ° i •,; ,�jeg o N Bay Bay N m 200' t x -j Nr. . ••F ' . lyl . ,l a • l4lC' i Chain Link '~�;a�a,� �, m Fencer First Floor Bays 3 &4 °�[•-30.0' --• al rc!3 r �' �+ r 18222.0' 0 4000.0' o • o : > - , • -. . ,"� .. -r dab —I .b m to • i 15.0' X ,,r S. , . . :a Oil Bo Locker Office r �� n 1*J 4,4° ^ •o c m lc n e * • �. Hi G ..__..._... _.• ! Hnco -•rI, ,lit X11 0"l >+��Y �a) �1 • 4 r. '7f 0 02, Sto rage Mezzanine1160.0' m w f 03 ' 't+ *�J ''' i yy: x _ 41 • °D Bas 1 &2 :xi i , ! r! I, rscl` in Y ID �DOCk!c d" i! I ~ :Lap•• •a C 3720.0' Q �225.D'!� r, .x ,1 . . ,4•4 ;e --.i_ 0' �" As co 20.0' 1b.0' co x .. 30.0' m 80.0' Ak 80.0' ♦ �M'f , , 4ae¢�i • ' P •1 -_ Training 70.0' Paris 120.0' • ' ''• _ oY' Office./Display Room Kitchen Counter Pads b 2358.0' m Restrooms Showroor !o Warehouse n m 3864.0' _ "�!�� Open Offices Office Reception I M _ Y --fit —: _ -� b 7z,0' �• 180' - •• — , ::1_. "�'- 54.0' ,!Canopy78.0' N ...;,_ — - _1 Sketch by Pox M" 21.6 MINS - — - _ _-_ - - ' - " Cost Approach Land Value Sales utilized to establish the value in the subject neighborhood are 2013 and 2014 market sales for the 2015 assessment date. The comparative sales approach is the most reliable method of land valuation. Pursuant to 39- 104-(10.2) (c) C. R. S., the Assessor may utilize sales from July 2010 through the current market to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Weld County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developing value. The land size of the subject is 291,700 square feet. Comparable commercial land in the subject area is valued at $2.30 per square foot. Parcel Number Sale Date Sale Price Land Size Per S.F. Buyer Comp 1 105912014006 6/25/14 $225,000 92,955 $2.42 Segrest Milliken Adventure Comp 2 105912148012 2/21/14 $359,000 143,977 $2.49 Sunland Capital Real Estate Comp 3 105912148010 10/31/ 13 $ 113,000 48,977 $2.30 Pats offroad Inc Assessor's Indicated Subject Land Value $670,910 irmpour aitua a �Comp 1 id . . . • IlibtA ,...- - . % - 0 013th fir �. , p l q " x A„t,, • - 1••L Comp 2 9 .rte c �,,,;�.,•_: - - . . _ =-- �02( it iIrk i •- . . ;;• .. Comp 3 t ' �'2` - ,`i „ ; mss .s.4''c� 002 z, u l a.., D 01.1'" ! i i -1 I ley•-.1,11: :17. ; --- . - . ' 's ii? • k ..' ' • — - Iv 1 .ir.. -• “-:14:1 _fnc;fl -: r-rinew .:__it 2"«, ';1 F 'D. . 14 1 1 t : • ,.' � I .. •...0h . .. -• N 47:41n i 1 easi , :1. .1 • . I ") +' 1 `�+ 1 it 1 - - Subject . MI Cost Approach Summary The Assessor is currently using Marshall and Swift cost tables for the cost approach of commercial properties in Weld, which has been approved by the Division of Property Taxation to be utilized by Colorado Assessors. The structure has been classified properly utilizing the Marshall and Swift Valuation service and an appropriate value assigned. A land value has likewise been established through the utilization of vacant land sales of comparable properties. Improvement Value $ 1,267,599 Total Value by Cost Approach Final Value $1,939,000 $106 per sq. ft Cost Approach Summary PARCEL NUMBER 105912152002 PROPERTY OWNER Power Motive Corporation ADRESS 2600 Center Dr. CITY, STATE, ZIP Milliken, CO. DATE OF APPRAISAL 06/30/14 OCCUPANCY: Complete Automotive Dee NUMBER OF STORIES 1 FLOOR AREA (SQ. FT.) 18 ,222 AVERAGE STORY HEIGHT 28 CLASS : Class C YEAR BUILT 2005 COST RANK Average EFFECTIVE AGE 9 HEATING AND COOLING Radiant ESTIMATED LIFE 35 UNITS COST TOTAL RCN BASIC STRUCTURE COS' 18 ,222 $56 .80 $ 1 ,035 ,010 perimeter adjustment 1 .00 wall height adjustment 1 .331 Current multiplier 1 .02 Local multiplier 1 .01 Adjusted RCN Basic Cost $ 1 ,419 ,201 EXTRAS : Sq Ft Cost PSF _Asphalt 18, 110 $2.36 $42,740 Chain Link Fence 6 ft 975 $ 18 .50 $ 18 ,038 Craneway Rail 100 $20 .00 $2 ,000 Loading Wells Excavated 675 $ 13 .80 $9,315 TOTAL RCN $ 1 ,491 ,293 LESS DEPRECIATION PHYSICAL 0 . 15 $223,694 RCN LESS DEPR. $ 1 ,267,599 ADD IN LAND VALUE $670 ,910 TOTAL VALUE $1 ,938,509 Rounded Value $1 ,939,000 Value PSF $ 106. 41 Market Approach Summary Real Property for the tax year 2015 must be valued utilizing data for the period one and one-half years immediately prior to June 30, 2014. If comparable valuation data is not available from such one and one-half year period to adequately determine the level of value for a class of property, the period of five years immediately prior to June 30, 2014 shall be utilized to determine the level of value. The Assessor has appropriately considered the Market Approach to value for the property on appeal. The Sales Comparison Approach was considered in developing a market value for the Subject. Sales used to establish a market value for the tax year 2015 are from January 1, 2013 through June 30, 2014. Pursuant to 39- 1- 104 (10.2) (c) C. R. S., the Assessor may utilize sales five years prior to Julne 30, 2014 to establish the proper value. All sales have been confirmed and verified through transfer declarations as well as interviews with buyers, sellers or their representatives to the sale. All sales used are arm's length transactions, and considered to be the most comparable properties sold in relationship to the Subject property. Three sale comparables were chosen that develop a range from $ 128 to $ 197 per square foot. For this analysis we will use $ 130 per square foot. Total Value by Market Approach $2,368,860 $130 per sq. ft. IP (!sii . , Branch 1 F fa 1, w h st Greel y� M_te ti , ® Kelim flf o, 3Ck ®YP Loveland p. 343_ Gardl_ mi C Johnstown a Eva r. 1 1 ff 1.1 El 14 Campion , - _ _ _ . m La Sall: BYP 287' Johnstown I Milliken 3 Welty Hambert a E + Berthoud Subject Berthoud Bunyan Cjlicrest 287,1 85 3-91 ' M.4.1-: RUN t t. 1 z Mead County Road 34 County Road 32 Morey Platteville I Gowanda , 66 ) qtene a c 4 ,5mllriJ Microsoft' 1 Virtual Earth~ 'ti0a :.li=r=ale ClryLL :, J ,Ll/ta, J:.L' Li ongmont a Address 11.1. City Property Info Sale Info 1415 Vista View Dr Longmont 30.359 SF General Retail/Auto Sold: S6,000.00O ($197.63/SF) Dealership 4040 Byrd Dr Loveland 27.303 SF General Retail/Auto Sold: S3,500,00O ($128.19/SF) Dealership 3 2600 Center Dr Milliken 18,222 SF Industrial/Warehouse Sold: 52,350,000 ($129/SF) Copyrighted report licensed to Weld County Assessor's Office- 611800. 7/24/2015 Page 1 1415 Vista View Dr Pontiac Chevrolet Bldg Longmont, CO 80504 Auto Dealership Building of 30,359 SF Sold on 8/9/2012 for $6,000,000 - Research Complete buyer King Auto Group 1415 Vista View Dr Longmont, CO 80504 is' '', a .�alo••e (303) 776-2650 _ .._� ,. = _ . `-u is Wit.: y,S - seller _ Brett Hajek 13882 N 95th St Longmont, CO 80504 vital data Escrow/Contract: - Sale Price $6.000,000 Sale Date. 8/9/2012 Status. Full Value Days on Market: - Building SF 30,359 SF Exchange. No Price/SF $197.63 Conditions Business Value Included Pro Forma Cap Rate - Land Area SF . 279,655 Actual Cap Rate. - Acres 6.42 Down Pmnt: - $/SF Land Gross: $21 .45 Pct Down: - Year Built, Age : 2005 Age: 7 Doc No 3858618 Parking Spaces: 300 Trans Tax. $600 Parking Ratio. - Corner No FAR 0.11 Zoning. - Lot Dimensions: - No Tenants 1 Frontage: 861 feet on Co-119 Hwy Percent Improved. 74.2% 881 feet on Vista View Dr Tenancy: Single Submarket. Longmont Ret Comp ID: 2528786 Map Page - Parcel No. 131308204015 Property Type: Retail income expense data Listing Broker Expenses - Taxes $89,515 - Operating Expenses Total Expenses $89,515 Buyer Broker financing Copyrighted report licensed to Weld County Assessor's Office- 611800. 7/24/2015 Page 1 4040 Byrd Dr Mercedes Benz Of Loveland - Centerra Motorplex Loveland, CO 80538 Auto Dealership Building of 27,303 SF Sold on 6/21/2012 for $3,500,000 - Research Complete -,;�, • Nit buyer : - r we Mercedes-Benz toot 10391 Westminster Blvd ; 1 • Westminster, CO 80020 (303) 410-7800 _I i - _ seller FCA US, LLC 1000 Chrysler Dr Auburn Hills, MI 48326 (248) 512-2950 v data Escrow/Contract: 90 days Sale Price $3,500,000 Sale Date: 6212012 Status. Confirmed Days on Market: 1 ,106 days Building SF. 27.303 SF Exchange: No Price/SF $128.19 Conditions: - Pro Forma Cap Rate - Land Area SF: 264,906 Actual Cap Rate - Acres: 6.08 Down Pmnt $3,500,000 $/SF Land Gross: $13.21 Pct Down. 100.0% Year Built, Age: 2006 Age: 6 Doc No' 20120041309 Parking Spaces: 278 Trans Tax. - Parking Ratio: - Corner No FAR 0.10 Zoning. PUD, Loveland Lot Dimensions: - Percent Improved 25.8% Frontage: 414 feet on 1-25 Submarket. Northern Colorado Ret Tenancy: Single Map Page - Comp ID: 2498036 Parcel No. 85032-21 -002 Property Type Retail income expense data Listing Broker Expenses - Taxes $120,244 CBRE CBRE Operating Expenses 8390 E Crescent Pky 2000 Town Center Total Expenses $120,244 Greenwood Village, CO 80111 Southfield, MI 48075 (720) 528-6300 (248) 3535400 Thomas Mathews, Tom Bevans Scott Young Buyer Eraker No Buyer Broker on Deal financing I iii'it sale Date/Doc No: 6/10/2009 Sale Price: $6,687.500 Comp ID: 1717876 Copyrighted report licensed to Weld County Assessor's Office- 611800. 7/24/2015 Page 2 2600 Center Dr Milliken, CO 80543 Class B Warehouse Building of 18,222 SF Sold on 2/29/2012 for y ' $2,800,000 - Research Complete Heavy Equipment Dealership - aS buyer rasa �� mai William H. Blount, Jr. 5000 Vasquez Blvd Denver, CO 80216 " l -=a (303) 3555900 r ; I 111 ros. _<� seller Hall-Irwin Corporation 301 Centennial Dr Milliken, CO 80543 (970) 587-7200 1 41111111 Escrow/Contract: - Sale Price $2,350,000 Sale Date: 2/2912012 Status. Confirmed Days on Market: - Building SF. 18.222 SF Exchange: No Price/SF $129 Conditions: - Pro Forma Cap Rate - Land Area SF: 291 ,700 Actual Cap Rate - Acres: 6.7 Down Pmnt - $/SF Land Gross: $9.60 Pct Down. - Year Built, Age: 2005 Age: 7 Doc No' 3829834 Parking Spaces: 20 Trans Tax. - Parking Ratio: 1 .1/1000 SF Corner No FAR 0.06 Zoning. - Lot Dimensions: - Percent Improved. 76.7% Frontage: - Submarket. Weld County Ind Tenancy: Single Map Page - Comp ID: 2282452 Parcel No. 105912152002 Property Type Industrial income expense data Listing Broker Expenses - Taxes $94,108 No Listing Broker on Deal - Operating Expenses Total Expenses $94,108 Buyer Broker No Buyer Broker on Deal financing Copyrighted report licensed to Weld County Assessor'sOfice- 611800. 7/24/2015 Page 3 Income Approach To Value The Assessor has gathered income information from local commercial properties for the time frame of January 1, 2013 through June 30, 2014. This information, combined with statewide and industry-wide data, is used to determine typical income and expenses for various property types. In conclusion of the Income Approach, the Assessor has considered both groups of data and has put more emphasis on the local factors and data than the state and national data. This information was then applied to the subject property to arrive at an appropriate Income Approach Value. Total Value by Income Approach $2,850,000 $156 per sq. ft. MARKET INCOME WORKSHEET Parcel : 1'105912151002 Name: Complete Autodealership Address: 2600 Center Dr., Milliken Bldg Sq Ft Use 18,222 Complete Autodeal' Net Comparable Bldg Income Rentals Use Address Size Per Sq Ft R8026799 Auto Dealership 800 Bryan Ct. 22,204 $18.54 Interstate Ford Subject Rents Annual Rent per Annual Gross Area Rent PSF Month Income 18,222 $18.00 $27,333 $327,996 LessVacancy & Expenses Vacancy 15% $49,199 EGI $278,797 Expenses mgmt 5% $13,940 R/R 3% $8,364 Net Income $256,493 Net Income/Overall Cap Rate = Property Value Property Value Cap Rate + Eff Tax Rate 0.090 0.090 $2,849,921 Estimated Property Value rounded $2,850,000 Value psf $156.40 Conclusion Real property for tax year 2015 must be valued utilizing the level of value for the period of one and one- half years immediately prior to July 1,2014. Except that, if comparable valuation data is not available from such one-and one-half-year period to adequately determine the level of value of a class of property. The period of five years immediately prior to June 30, 2014 shall be utilized to determine the level of value. Said level of value shall be adjusted to the final day of the data gathering period. Changes occurring between base years are not to be accounted for until the following level of value is implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, etc., or creation of a condominium, or any new regulations restricting or increasing the use of the land, or a combination thereof. {39- 1- 104(11) (b) (1) C. R .S.} The subject property has been classified as Commercial Property for assessment purposes. Commercial property value shall be determined by appropriate consideration of the Cost Approach, Market Approach, and Income Approach to value. {39- 1-103 (5) (a) C. R. S.} The Assessor has considered all three approaches to value for the subject parcel on appeal. Final Reconciliation After consideration of the cost, market and income approaches, it is the WELD County Assessor's opinion that the value of $2,277,750 or $ 125 per sq. ft., most accurately reflects the value of the subject property in WELD County for the 2015 tax year. Cost Approach Market Approach Income Approach $ 1,939,000 $2,368,860 $2,850,000 Assessor's Indicated Value COMMERCIAL $2,277,750 $ 125 per sq. ft. • 1 4 NOTICE OF DETERMINATION RECEIVED Christopher M . Woodruff Date of Notice : 6/30/2015 Weld County Assessor JUL 172015 Telephone : ( 970) 353-3845 1400 N 17th Ave Fax : (970 ) 304-6433 Greeley , CO 80631 WELD Office Hours : 8 : 00AM - 5 : 00PM COMMISSIONERS ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R3252104 2015 3712 MIL FCCRC L2 BLK1 FRONTIER COMMERICAL C ENTER REPEAT C W PMC MILLIKEN LLC 5000 VASQUEZ BLVD 2600 CENTER DR ° DENVER, CO 80216-3029 MILLIKEN , CO 000000000 H cc O cc ASSESSOR ' S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 2,277,750 2 ,277 ,750 TOTAL $2,277,750 $2,277,750 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 : CM06 - The Assessor staff has requested additional information to properly review your property's value. Because we have not received this information, we have no choice but to deny any adjustments. 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) : STEVENS & ASSOCIATES COST REDUCTION SPEC 9635 MAROON CIRCLE SUITE 450 ENGLEWOOD , CO 80112-5902 2015-2437 Cc � OAA. Alin APPEAL.PRQQEDURES County Board of Equalization Hearings will be held from July 29 through August 5 at 1150 O 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 this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 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 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 District Court 1313 Sherman Street, Room 315 Contact 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.aov/baa 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.) $ 1,400,000 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, appdraisal, etc.) e assessor did not properly consider the market,cost,or income approaches to value or aspects of the property in question. I ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on any attachments hereto are true and complete. (303) 347-1878 07/06/2015 Signature Telephone Number Date todd@stevensandassoc.com Email Address ' Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/13 R3252104 8431011 I , Property Tax Consultant-Agency Agreement Owner Address: 5000 Vasquez Blvd, Denver, CO 80216 Property Address/Legal Description/Schedule#: See Attached exhibit A Consultant/Agent: Stevens &Associates Cost Reduction Specialists, Inc. I/We PMC Colorado Springs LLC, PMC Grand Junction LLC, PMC Milliken LLC, PMC Cheyenne LLC, subsidiaries, parent companies and all affiliated companies agree with Stevens &Associates Cost Reduction Specialists, Inc. that for the property tax/sales and use tax assessment years 2015,2016 and prior years, in Colorado as the property referred to above,that Stevens&Associates Cost Reduction Specialists, Inc. is hereby engaged and authorized to act as agent and consultant before either the Board of review as well as the State Tax Review Board or for any hearing pertinent to the property for the property tax/sales and use tax assessment years 2015, 2016 and prior years. Please direct all correspondence and refunds to Stevens &Associates Cost Reduction Specialists, Inc. The undersigned further authorizes Stevens &Associates Cost Reduction Specialists, Inc. as agent of the undersigned, in the name of the undersigned,to execute and cause to be filed on behalf of the undersigned, in the name of the undersigned, any and all documents relating to an appeal of the said assessments, for the assessment years in question and prior years, before either the Board of review as well as the State Tax Review Board or any hearings pertinent to the property. Thus done and executed on this day of February 2015. Agreed by: PMC Colorado Springs LLC, PMC Grand Junction LLC, PMC Milliken LLC, PMC Cheyenne LLC By: Rick Lechman Title: Chief Financial Officer STATE OF (1,61/ors'':(-1() The foregoing instrument was acknowledged before me} This day of P ocli() , r, Please Direct all correspondence/refunds to: By: Rick Lechman Stevens&Associates/Inc. 9635 Maroon Cir, Suite 450 Witness my hand and official seal. Englewood, Colorado 80112 my commission expires: C'.'C&- it Notary Publih Notary Srgnatufe WENDY K CLARK NOTARY PUBLIC STATE OF COLORADO NOTARY ID 20094031525 MY COMA ;$G4 EXPIRES OCTOBER 7,2017 • • Exhibit A PMC Colorado Springs LLC 2259 Commercial Blvd El Paso Schedule# 6429409010 PMC Grand Junction LLC 2340 170 Frontage Mesa County Parcel/Account# 2701-322-19-002/R017687 PMC Milliken LLC 2600 Center Drive Weld County Parcel/Account# 105912152002/R3252104 PMC Cheyenne LLC 7854 Hutchins Drive Laramie County PIDN /Tax ID 14653130101200/ 14801000100020 ff �50 . ;�� 1"1 "�tIC� JP��/ �`� ' fps ' Pex '', / , ,'y �, ,', €f,^ - f l6 .v' d F .+ w�Yl-1-X `4 'h ,(rf� llr s�, frf '� 4-0' > f1�?' j A '.0 ,y.,i� ,•,�' t s t'r �? hays y vtS `' f ''ti' ��✓ f ' tfa f,�i,r�; H -` ,� y•:5r ; f�r>"Y lf' ; r "' `'" f ud 3 f`, y,yb,,/ G r` i �` `� . iS "M i �'4" y ¢�'?1 `',,4 R`�'L?`0 3,,, ��r ''� , # 4'��-, f �'f ,�rr/� r` lxyf'` 6"¢s r '�� YX' i '",' �` � � f 9, � A *ft ff� 7012 1010 0001 0994 5699 f ; f f f *, :, ��`=' f:. ,� :'`E y ,4,,.j4' 1lf, '"41/1.#44.,%;, ,,;,4,1,":', '; ` fs 5! a o ' '" 'f f .n 7,, -.r 'Jfd„4'-..f,t . rT-0r ;�','' ; o f : - fi h y f r�.,r, ;%;t; ,,, i Y f.{ ; .?. ay s' '' :2+fs.; `�.::y ��.,.., S �:.f i�f' f .: ,r'•,as .�.;�;u�yf,.�f"fi'', ",<'r 1Z C+ '",+ . ?. t S Y f 44 , ,, f < : , 4. x ,,d.� 1, f�:��y f:�.� r�,f ,`,�, /� . f • r`x �';., ��,'f ., �,� �5". ��$?' �' W`,,. w,tf.'4 -. ..r l s .f"V r x r z"', i f x F` ` z-�•r�. ,..m,.-";piss ff a' ,l',-1'.- ' ' f, s ',III `fit%r�"i',' rl,;-"' f`. i 1 is:l: Y' f �;, it l '�, ,,r. 2- r„.., '",.. 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"3' xI ' b �ts,�� °�.�''�1'ttu:(,,. r;�f�� ,„� '��f sft ,' r�;uT;. f::Y- of F..f �'�.!5� rf ,��`sr /4"4-40$4,'''''; ='�� d. s ", . ..r:z r Y "O .4` i �,1 3rr's„s' �l' y4 ."-,-f 's`:�` 'd , " , E �� A >' ,e ,- s�. - •� v,, !,'s m r r c r d o w ,,,,,,,,, ,.....- „,g,.1..4.-� /!rrd" i4O,-..,4,-,-.41.i..-,f0.4.O...41t 1 r r --%• �... 3. , h f „r P�,r."� tea. p ;,y,,f r s"4,,� k ".J .v,, f ✓5f, f� i; ``✓"' . #�p " , x ,,,j, , 4 ' Ft U.S. POSTAGE ' � fr Fi�,titi �, $8.03 x r 4t g. tit. A- ,u r f :,4y. I'l , ✓. ::)'%:‘ ti _1 FCM LG ENV G; / , ,, Fi� -4�' 80130 ��' ---149,-,...„:,.1-) f� ,, z:#... �� i r x - E,' ;k`` f�"''t , i f�1- ��r n Dateofsale au� � n'. 4- -t� ,�� f= 07/15/15 yUj , a �- 06 2S00 { x � px0 ? :'' , 008307379 s ,,Ff LISPS® FIRST-CLASS MAIL® i Stevens &Associates Inc. 0 lb.10.10 oz. f A 9635 Maroon Circle, Suite 450 SHIP „°' Englewood, Colorado 80112 >" Weld Cou nty Bo ard ardofE Eq ualization alizatio n q P.O. Box 758 Greeley, CO 80632 I'11111111111lIIIIIIIIIfllII111111 111111111 il'ii''J''"IIIIIII, GREELEY CO 80632-0758 ,,,w r ,, 1. � ` LISP'S CERTIFIED MAILTM ,4 ,„„.44,,,,7,,,,,,,0,,,,:, gq�ar y t�� i ��} /� .. i t` ' ,,,'..,*•-•,-- ,,,y 9514 8000 2645 5196 0000 47 J$ ,r r�,:'. r..: Y �"�° ,f t . :yi ' rrr _f x. rr, .a� ", .;>.. / y..a, .A- 4:4 ,,.:F s?'fet. ',. # .. r? ,;,-:, 3,.;', f ,gym'-.: ;,�i°,5'...,, ,�A' 's'' fd �r 'x.s,,,' t" 3 ,+ . � CLERK TO THE BOARD *it \ 1861 , PHONE ( 970 ) 336 -7215 , EXT 4226 FAX ( 970 ) 352 -0242 truert•IDS114), WEBSITE : www . co . weld . co . us 1150 O STREET P . O . BOX 758 kelt GREELEY CO 80632 NTY _ G O U1 _ July 22 , 2015 PMC MILLIKEN LLC 5000 VASQUEZ BLVD DENVER , CO 802163029 Account No . : R3252104 Dear Petitioner( s) : The Weld County Board of Equalization has set a date of July 30 , 2015 , at or about the hour of 3 : 45 PM , 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 , 2015 , and mailed to you on or before August 12 , 2015 . 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 . AS0091 P MC MILLIKEN LLC - R3252104 P age 2 P lease 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 s) c.S.ock Esther E . Gesick Clerk to the Board Weld County Board of County Commissioners cc : Christopher Woodruff, Assessor STEVENS & ASSOCIATES COST REDUCTION SPEC 9635 MAROON CIRCLE SUITE 450 ENGLEWOOD , CO 801125902 AS0091 Hello