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Home My WebLink About20152270.tiff 1861 "� CLERK TO THE BOARD 4,...., PHONE (970) 336-7215, EXT 4226 lik Ili rcE •wm_ajDz FAX (970) 352-0242 WEBSITE: www.co.weld.co.us __,�� 1150 O STREET UNT � P.O. BOX 758 G 0-U- T GREELEY CO 80632 September 2, 2015 MARSID LAND LLC PO BOX 650 FORT LUPTON, CO 80621 RE: THE BOARD OF EQUALIZATION 2015, WELD COUNTY COLORADO APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR ACCOUNT NO.: R1396102 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 evidencepresented at the hearing supported the q pp 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 $1,257,527.00 $1,241,245.00 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, . ti 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 2015-2270 AS0091 COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R1396102 STIPULATION(As To Tax Year_2015_Actual Value) RE PETITION OF : NAME: Marsid Land LLC ADDRESS: 201 S. Rollie Ave. Fort Lupton 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: LOT 1 BLK3 FORT LUPTON COMMUNITY CENTER FG#2 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 $1,257,527.00 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 $1,241,245.00 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: Further review of the income approach indicated an adjustment. 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. R1396102 2015-2270 1 avail; .7/ax ,ct5Oog1 a DATED this 21st day of July,2015. trP6' Petitioner(s) or Agent or Attorney - (Assistant) County Attorney for Respondent,Weld County Board of Commissioners Ad i}i sjOSEPH C, SANSONE c'a. ddr O' P.O. Bo Street x 758 _A z��- '10 4 5 Greeley, CO 80632 7 Telephone: 63i.,--733-54-O5 Telephone:(970) 336-7235 Court Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 970 Telephone: 353-3845 ext. 3697 ( ) Docket Number Stip-1.Frm R3477305 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 TAIL AREA LEGAL DESCRIPTION/PHYSICAL LOCATION R1396102 2015 0882 FTL 2FLCC LOT 1 BLK3 FORT LUPTON COMMUN ITY CENTER FG#2 0.1 MARSID LAND LLC � 3 PO BOX 650 201 S ROLLIE AV 0 FORT LUPTON,CO 80621 FORT LUPTON,CO 000000000 cc O cc a ASSESSORS VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 1,257,527 1,257,527 TOTAL $1,257,527 $1,257,527 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): JOSEPH C SANSONE CO 18040 EDISON AVE STE 400 CHESTERFIELD, MO 63005-3702 ; Mn ']/`0 ��K- 6000-0079 /5-.7-32346- /-cam ict-S ODw APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 29 through August 5 et 1150O 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 8 0631 Telephone:(970)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 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 mall 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 Auguet 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: Boer('pf AssessinentAggeals patriot��tI 315 Contact the court 1313 Sherman District Court in the County Street, 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. Flndinp Ark or a list of itrators,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, ft shall be deemed to have been timely filed if filed on the next business day, §39-1-120(3), C.R.S. PETITION N 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_) $SEE ATTACHED 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.) THE ASSESSORS CALCULATION OF THE VALUE EXCEEDS THE ACTUAL MARKET VALUE OF THE PROPERTY. ATTESTATION 1,the undersigned owner or agentrof the property identified above,affirm that the statements contained herein and on any Oita ants hereto are true and complete. 636-733-5455 72015 Signature Telephone Number Date appeals@jcsco.com Email Address Please Send all Correspondence to: Joseph C Sansone Company 'Attach letter of authorization si ned b y property owner. � 18040 Edison Avenue Chesterfield, MO 63005 If you disagree with the'current year actual value'and/or the classification determined for your property,you may file an appeal by mail 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 inane 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. HEAL fif0PrifTY 'QUESTlQ'AiNA R'E 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 2018 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 ' Etd "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 2015 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 18040 Edison Avenue Suite 400 to the above-named agent at the following address: Chesterfield, MO 63005 113 N ENT E '1E CA T1 4 1,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. SCHEDULE/ACCOUNT NUMBER:R1396102 (Found above yQ.r name on the her side of this form.) Signature: Y - Date: C /2A/(5 Daytime Telephone#: 636-733-547i 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 15-3221P6gorti't tulloWIANagelmaiNitips and/or the classification to the Assessor expires on June 1, 2015 If the date for filing any documerit falls upon a Saturd y,Sunday,or legal holiday,it shall be deemed timely tiled if postmarked or delivered on the next business day.39-1-120(3),C.R.S. 15-32366-0001-CO 1 AGENT AUTHORIZATION TO: Assessor's Office and the Assessment Review Agency MARSID LAND 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 pp 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 2013 through 2016 assessments are resolved. MARSID LAND LLC EXACT NAME OF PROPERTY OWNER (FROM NOTICE OF VALUATION) 201 South Rollie Avenue 147105306001 STREET ADDRESS SCHEDULE/PARCEL NUMBER AUTHORIZED SIGNATURE PRINT NAME OF SIGNER (2 - 1v,. DATE TITLE ?- —7- 1ci PHONE NUMBER State of Colorado City of On this day of ,20 before me,the undersigned officer,personally appeared ,known to me(or satisfactorily 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. Notary Public REAL PROPERTY SUMMARY ANALYSIS OF Ace Hardware 201 South Rollie Avenue Fort Lupton, CO 80621 Parcel ID(s) Appeal Number 147105306001 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. 15323660001CO • 201 South Rollie Avenue PTR Number:15323660001CO Location IDs:147105306001 Tax Year 2015 / Pay Year 2016 Area Type RETAIL Location Totals Gross Building Area 15,000 15,000 Net Leaseable Area 15,000 15,000 Potential Gross Income 7.00 105,000 7.00 105,000 Vacancy and Credit Loss 8.0% 8,400 8.0% 8,400 Effective Gross Income 96,600 96,600 Overall Expense 10.0% 9,660 ' 10.0% 9,660 Net Operating Income 86,940 86,940 Base Cap Rate 9.000 Adj Tax Rate 0.210 Adj Cap Rate 9.210 Value Sum 943,974 Indicated Value 944,000 Total Indicated Value per SF(NLA) 62.93 1.5323660001CO Broker's Opinion—This is not an appraisal—See Full Disclaimer 1 165 S 2nd St SOLD La Salle,CO 80645 Sale on 7/29/2013 for$250,000($26.30/SF)-Research Complete 9,504 SF -Sold for Land Value,Retail Building Built in 1918,Renov 1947 z ty y , vi S 5th St Way {r`'' ��' �yw ` ` ' Sunset Dr h 1"3! r,VI VI ,�. L it i ' VI a L , 44 r C"i' r,f, z`f nm F4* £ Taylor Ave [ ( r � � . , , Yi ,fjrJ �rJAVt virtual Microsoft'Earn , :w....:i.;,r:c.it tw;.12_:u. •.r i t.i.uratt�.:,..1u i's., .-. _: n� _... _.. 3 i Buyer&Seller Contact Info Recorded Buyer: HRES LaSalle,LLC Recorded Seller: Jim Ells 2435 71st Ave Greeley,CO 80634 (970)339-5782 Buyer Type: Individual Seller Type: Individual Buyer Broker: Realtec Commercial Real Estate Listing Broker: DTZ Services Jason Ells Peter Kelly (970)267-7722 (970)372-3846 Transaction Details ID:2804847 Sale Date: 07/29/2013(411 days on market) Sale Type: Owner/User Escrow Length: - Bldg Type: Retail Sale Price: $250,000-Confirmed Year Built/Age: Built in 1918, Renov 1947 Age: 95 Asking Price: $275,000 GLA: 9,504 SF Price/SF: $26.30 Land Area: 0.40 AC(17,424 SF) Price/AC Land Gross: $625,000.00 Percent Leased: - Tenancy: Multi Financing: $949,500.00 from Branch Banking&Trust Company Document No: 3952115 Sale History: Sold for$1,241,429($130.62/SF)on 11/4/2014 Sold for$250,000($26.30/SF)on 7/29/2013 Sold for$175,000($18.41/SF)on 4/11/2012 Copyrighted report licensed to Joseph C.Sansone Company-200793. 4/20/2015 • 2450 W 29th St SOLD Greeley,CO 80631 Sale on 7/18/2013 for$800,000($10.56/SF)-Research Complete 75,780 SF Retail Freestanding Building Built in 2002 W 27th St W 27th St ,?7th St .28th.St _ $>p 2tS- ' ? X44' a a e so *91h SZ .) r s N ' 1 a 4Vt ,.. .'� > Greeley t Microsoft" 1 Virtual Earth' t t.: -Jittlatalttit rs i:. ,' .1...t au' :L•' h1• Buyer&Seller Contact Info Recorded Buyer: Justco Mini Storage Corporation Recorded Seller: Stampede Industries Llc True Buyer: - True Seller: 84 Lumber Company Cheri Bomar 1019 Route 519 Eighty Four,PA 15330 (724)228-8820 Seller Type: Corporate/User Buyer Broker: RE/MAX Alliance Listing Broker: 84 Lumber Company Blaine Herdman Bethany Cypher (970)330-5000 (724)228-8820 Transaction Details ID:2802224 Sale Date: 07/18/2013(1,963 days on market) Sale Type: Owner/User Escrow Length: - Bldg Type: Retail-Freestanding Sale Price: $800,000-Confirmed Year Built/Age: Built in 2002 Age: 11 Asking Price: $1,200,000 GLA: 75,780 SF Price/SF: $10.56 Land Area: 6.10 AC(265,498 SF) Price/AC Land Gross: $131,255.13 Percent Leased: 100.0% Tenancy: Single Document No: 3948897 Transaction Notes The buyer broker reported the subject property sold on July 18,2013 for$800,000. The building was vacant for five years at the time of the sale. Plans to remodel the building and the construction of two new buildings are in the works. Copyrighted report licensed to Joseph C.Sansone Company-200793. 4/20/2015 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 c' ,c r Z O. m O � Anchor Dr Coronado Bay ariners Lander 6apbt -A\4 I — t ounty Road 54 3 37th St a ,—� �. ., s -.�.��•d., �." x quail 51 g Dock Dr Dock Dr Haven Ct Haven Ct rtiSt s Marina St Marirn t r ro , .,j�ryJ- Mi soft Park View Dr !y Virtual Earth- �_�6�Jicr��Psr.'u r �i Yl.:'/f-t. 'L Q `4�dfl1 !..5. 5 tC c 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 L__ Hello