HomeMy WebLinkAbout20151100.tiff PETITION TO STATE BOARD OF ASSESSMENT APPEALS For Office Use Only
1313 Sherman Street, Room 315 Phone: (303) S4it
j EI VED Docket No.
Denver, Colorado 80203 Fax: (303) 8 -
JUN 0 9 2015 Fee: Yheck Check/Credit Card H
N
Date: 6-5-2015
COMMISSIONERS P
Property Owner: SHE LAND LLC
Subject Property: 10168 1-25 FRONTAGE ROAD, FIRESTONE, CO 80504
Street Address City
Schedule Number(s): 131311312001/R6780757
Attach separate sheet if necessary
Appeals the decision of the WELD ❑Board of Equalization
0 Board of Commissioners Dated: 5/7/2015
County ❑State Property Tax Administrator
This Appeal concerns: Valuation ❑Refund/Abatement O Exemption ❑State Assessed Tax Year: 2012
The subject property is currently classified as:
❑Agricultural 0Commercial ❑Exempt O Industrial ❑Mixed Use ❑Natural Resources
O Oil & Gas D Personal OPossessory O Producing ❑Residential OState Assessed
❑Vacant Land Interest Mines
Actual Value assigned to subject property: $1,158,043 Petitioner's estimate of value: $600,000
Estimated time for Petitioner to present the appeal: minutes or 3 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
0 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)
p 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
If the property owner is an entity,it must appear under the representation of an attorney licensed 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$15,000 as of August 7,2013.A trust filing a petition as of August 8,2012 may be represented by a trustee,an attorney or an agent.
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).
O $ 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).
0 $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's calculation of the property's fair market value exceeds the property's actual fair
market value
Camml s\uA{�oYvt CC••cal' Assi.to/q 02015-/100
l0 -17-a01 /150090
Required attachments to this form:
O Assessor's or Property Tax Administrator's Notice of Valuation or Notice of Denial
O Decision of County Board of Equalization, County Board of Commissioners or Property Tax Administrator
Attachments required under certain circumstances:
O 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:
O Board of Equalization
WELD [➢Board of Commissioners
County ❑State Property Tax Administrator
at the following address: 1150 O STREET, PO BOX 758, GREELEY, COLORADO 80632
on 6-5-2015
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 6-5-2015
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 6-5-2015
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)
Signature of Agent ® or rney D Signature of Petitioner
David Johnson/Joseph C Sansone Co
Printed Name Printed Name
18040 Edison Avenue 4627 WEST 20TH STREET, SUITE A
Mailing Address Mailing Address
Chesterfield, MO 63005 GREELEY, CO 80634
City, State, Zip Code City, State, Zip Code
Telephone: 636-733-5455 Telephone:
Daytime number
E-Mail: djohnson@jcsco.com E-Mail:
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.
AGENT AUTHORIZATION
TO: WELD COUNTY
Assessor's Office and the
Assessment Review Agency
SHE 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 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.
SHE LAND LLC
EXACT NAME OF PROPERTY OWNER (FROM NOTICE OF VALUATION)
4732 W 26 STREET R2465503
STREET ADDRESS SCHEDULE/PARCEL NUMBER
10168 1-25 Frontage Road R6780757 / R6780758
STREET ADDRESS SCHEDULE/PARCEL NUMBER
2625 35TH AVENUE R0028093
STREET ADDRE SCHEDULE/PARCEL NUMBER
AU RE PRINT NAME OF SIGNER
DATE TITLE
97d 75/7- ,2 7 o 2---
PHONE NUMBER
State of C orado
City off t
On this (i day of Sio,20 efore me,the undersigned officer, personally appeared
,known to me(or satisfacrily 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.
• s`�RY..''Ugh 44
j % of Public
STEVEN L. $
t. WHITE o i
yo . : Oil
MY COMM.EXP.04-03.2016
RESOLUTION
RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND
OF TAXES - SHE LAND, LLC
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, at a
duly and lawfully called regular meeting held on the 20th day of April, 2015, at which meeting
there were present the following members: Chair Barbara Kirkmeyer, and Commissioners Mike
Freeman, Sean P. Conway and Julie A. Cozad with Steve Moreno being excused, and
WHEREAS, notice of such meeting and an opportunity to be present has been given to
the taxpayer and the Assessor of said County, with said Assessor, Christopher Woodruff, being
present, and taxpayer, She Land, LLC, not being Present, and
WHEREAS, the Board of County Commissioners has carefully considered the attached
petition, and is fully advised in relation thereto.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Board concurs with the recommendation of the Assessor and the
petition be and hereby is, denied, and an abatement or refund be allowed as follows:
CORRECTION
TO ASSESSED ABATEMENT TAX
VALUATION OR REFUND YEAR
$0.00 $0.00 2012
2015-1100
AS0090
TAX ABATEMENT PETITION - SHE LAND, LLC
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 20th day of April, A.D., 2015.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, C LORADO
ATTEST: A / 1 N Q
•� arbara Kirkmey r, Chair
Weld County Clerk to the Board
l n TILitz
i / Mike Freeman, Pro-Tem
BY
D p�ty Clerk to the Board d�
led�a Sean P Conway ),
APPROVED AS TO FOR /,�
�iSit t�^anry�.
���•- lie A Cozad
County Attorney yi �XCUSED
Steve Moreno
Date of signature: 51-7
2015-1100
AS0090
re III PUN I-Utt ABA t EMENT OR REFUND OF TAXES
County:WELD
Date Received j';!-/ l ,"'
(Use Assessor's or Commissioners'Date Stamp)
RE CE fi
Section I: Petitioner, please complete Section I only. -E
Date: 12/12/2014
Month Day Year
DEC 2 9 2014
Petitioner's Name: Joseph C. Sansone Co.,Attn: David Johnson
Petitioner's Mailing Address: 18040 Edison Ave. t COUNTY AS SOR
Chesterfield MO LEY, UUWNADO
City or Town State Zip Code
SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY
R6780757/131311312001 10168 I-25 Frontage Rd
Petitioner requests an abatement or refund of the appropriate taxes and states that the taxes assessed against the
above property for the property tax year 2012 are incorrect for the following reasons: (Briefly describe why
the taxes have been levied erroneously or illegally, whether due to erroneous valuation, irregularity in levying,
clerical error, or overvaluation. Attach additional sheets if necessary.)
The Assessor's calculation of the property's fair market value exceeds the property's actual fair marJ�t�value.
VE
D
RMAR 0 4 201,5
Petitioner's estimate of value: $579,020 (2012 ) WELD !,„.1),%4 ,
Value Year
I declare, under penalty of perjury in the second degree, that this petition,together with any accompanying exhibits
or statements, has been prepared or examined by me, and to the best of my knowledge, information, and belief, is
true, correct, and complete.
ppp Daytime Phone Number( )
Petitioq_er's S1bnaUce / , e Cri( ).*—_
By �� ° d �' - Daytime Phone Number( 636 ) 733-5455
Agent's Signature(
*Letter of agency must be attached when petition is submitted by an agent.
If the Board of County Commissioners,pursuant to§39-10-114(1),C.R.S.,or the Property Tax Administrator,pursuant to§39-2-116,C R.S.,
denies the petition for refund or abatement of taxes in whole or in part,the Petitioner may appeal to the Board of Assessment Appeals pursuant
to the provisions of§39-2-125,C.R.S.,within thirty days of the entry of any such decision,§39-10-114.5(1),C.R.S.
Section Il: Assessor's Recommendation
(For Assessor's Use Only)
Tax Year 1
Actual Assessed Tax
7-/ _, -3-
Original F '.i $
Corrected 1 al r' ` t?j , d.
Abate/Refund '/.' ! .#
❑Assessor recommends approval as outlined above.
If the request for abatement is based upon the grounds of overvaluation,no abatement or refund of taxes shall be made if an objection or protest
to such valuation has been filed and a Notice of Determination has been mailed to the taxpayer.§39-10-114(1)(a)(I)(D),C.R.S.
Tax year: Protest? O No D Yes (If a protest was filed,please attach a copy of the NOD.)
•
CA Assessor recommends denial for the following reason(s): ^'-: • '
, ait'i 2015-1100
Assessor's or Be uty Assessor's Sig t e
15-OPT-AR No.920-66/11
RESOLUTION
RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND
OF TAXES-SHE LAND,LLC
WHEREAS,the Board of County Commissioners of Weld County,Colorado,pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County,Colorado,and
WHEREAS,the Board of County Commissioners of Weld County,State of Colorado,at a
duly and lawfully called regular meeting held on the 20th day of April, 2015, at which meeting
there were present the following members: Chair Barbara Kirkmeyer,and Commissioners Mike
Freeman,Sean P.Conway and Julie A.Cozad with Steve Moreno being excused,and
WHEREAS, notice of such meeting and an opportunity to be present has been given to
the taxpayer and the Assessor of said County,with said Assessor, Christopher Woodruff,being
present,and taxpayer,She Land,LLC,not being Present,and
WHEREAS,the Board of County Commissioners has carefully considered the attached
petition,and is fully advised in relation thereto.
NOW,THEREFORE,BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Board concurs with the recommendation of the Assessor and the
petition be and hereby is,denied,and an abatement or refund be allowed as follows:
CORRECTION
TO ASSESSED ABATEMENT TAX
VALUATION OR REFUND YEAR
$0.00 $0.00 2012
2015-1100
AS0090
TAX ABATEMENT PETITION - SHE LAND, LLC
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 20th day of April, A.D., 2015.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, C LORADO
ATTEST: C(Ij C.1 :4 LSa
oN
Kirkmey r,Chair
Weld County Clerk to the Board nt
ffitzilltt
Mike Freeman, Pro-Tern
BY. \ � Jhe B rd 5 c>
D p Ity Clerk to he Board►�}��' '❑+��
+ELLa®Sean P Conwa
APPROVED AS TO FOR w ��la° ciLdr9i,
1161 t lie A. Cozad
County Attorney � XCUSED
Steve Moreno
Date of signature: 5
2015-1100
AS0090
PETITIOM,,FOR ABATEMENT OR REFUND CLF TAXES
County:WELD Date Received c-20/?-21 v J /
(Use Assessor's or Commissioners'Date Stamp)c
Section I: Petitioner, please complete Section I only. -E D
Date: 12/12/2014
Month Day Year DEC 2 9 2014
Petitioners Name: Joseph C. Sansone Co.,Attn: David Johnson
Petitioner's Mailing Address: 18040 Edison Ave. Vd COUNTY AS.B.SSOR
Chesterfield MO LEY, LULORAUO
City or Town State Zip Code
SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY
R6780757/131311312001 10168 I-25 Frontage Rd
Petitioner requests an abatement or refund of the appropriate taxes and states that the taxes assessed against the
above property for the property tax year 2012 are incorrect for the following reasons: (Briefly describe why
the taxes have been levied erroneously or illegally,whether due to erroneous valuation, irregularity in levying,
clerical error, or overvaluation. Attach additional sheets if necessary.)
The Assessors calculation of the property's fair market value exceeds the property's actual fair mart
IV E I V E D
MAR 0 4 2015
Petitioner's estimate of value: $579,020 20f 12 ) WELD COUNTY
Value Year COMMIS rNERS
I declare, under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits
or statements, has been prepared or examined by me, and to the best of my knowledge, information, and belief, is
true, correct, and complete.
Daytime Phone Number j
PetiUop_ar's SAn
By� 1✓ Daytime Phone Number j 636 ) 733-5455
Agent's 5ignatu
*Letter of agency must be attached when petition is submitted by an agent
If the Board of County Commissioners,pursuant to§39-10-114(1),C.R.S.,or the Property Tax Administrator,pursuant to§39-2-116,C.R.S.,
denies the petition for refund or abatement of taxes in whole or in part,the Petitioner may appeal to the Board of Assessment Appeals pursuant
to the provisions of§39-2-125,C.R.S.,within thirty days of the entry of any such decision,§39-10-114.5(1),C.R.S.
Section II: Assessor's Recommendation
(For Assessor's Use Only)
Tax Year ZOI Z
Actual Assessed Tax
Original I IS'P'Y3 335 t.3%.) 33, 333.2+
't4 311 ape 31 977 140
Corrected , -
Abate/Refund > w
❑Assessor recommends approval as outlined above.
If the request for abatement is based upon the grounds of overvaluation,no abatement or refund of taxes shall be made if an objection or protest
to such valuation has been filed and a Notice of Determination has been mailed to the taxpayer,§39-10-114(1)(a)(I)(D),C.R.S.
Tax year: Protest? O No ❑Yes (If a protest was filed,please attach a copy of the NOD.)
Assessor recommends denial for the following reason(s): /r'I p rs'ei ' ' --4edeja Mr?'
�/f�� ��y',t k. 1. 100
Assessor's or De uty As essor's Sig / .,
15-DPT-AR No.920-66/11 / -
FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY
(Section III or Section IV must be completed)
Every petition for abatement or refund filed pursuant to§39-10-114,C.R.S.shall be acted upon pursuant to the provisions of this section by the
Board of County Commissioners or the Assessor,as appropriate.within six months of the date of filing such petition,§39-1-113(1.7),O.R.S.
Section III: Written Mutual Agreement of Assessor and Petitioner
(Only for abatements up to$10,000)
The Commissioners of County authorize the Assessor by Resolution No.
to review petitions for abatement or refund and to settle by written mutual agreement any such petition for
abatement or refund in an amount of$10,000 or less per tract, parcel,or lot of land or per schedule of personal
property, in accordance with§39-1-113(1.5), C.R.S.
The Assessor and Petitioner mutually agree to the values and tax abatement/refund of:
Tax Year
Actual Assessed Tax
Original
Corrected
Abate/Refund _ --
Note:The total tax amount does not include accrued interest,penalties,and fees associated with late and/or delinquent tax payments,if
applicable. Please contact the County Treasurer for full payment information.
Petitioner's Signature Date
Assessor's or Deputy Assessor's Signature Date
Section IV: Decision of the County Commissioners
(Must be completed if Section III does not apply)
WHEREAS, the County Commissioners of County, State of Colorado, at a duly and lawfully
called regular meeting held on / / , at which meeting there were present the following members:
Month Day Year
with notice of such meeting and an opportunity to be present having been given to the Petitioner and the Assessor
of said County and Assessor (being present--not present)and
Name
Petitioner (being present--not present), and WHEREAS, the said
Name
County Commissioners have carefully considered the within petition, and are fully advised in relation thereto,
NOW BE IT RESOLVED that the Board(agrees--does not agree)with the recommendation of the Assessor,
and that the petition be(approved--approved in part--denied)with an abatement/refund as follows:
Year Assessed Value Taxes Abate/Refund
Chairperson of the Board of County Commissioners'Signature
County Clerk and Ex-Officio Clerk of the Board of County Commissioners
in and for the aforementioned county, do hereby certify that the above and foregoing order is truly copied from the
record of the proceedings of the Board of County Commissioners.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County
this day of
Month Year
County Clerk's or Deputy County Clerk's Signature
Note. Abatements greater than$10,000 per schedule,per year,must be submitted in duplicate to the Property Tax Administrator for review.
Section V: Action of the Property Tax Administrator
(For all abatements greater than$10,000)
The action of the Board of County Commissioners, relative to this petition, is hereby
❑Approved ❑Approved in part$ ❑ Denied for the following reason(s):
Secretary's Signature Property Tax Administrator's Signature Date
15-DPT-AR No.920-66/11
AGENT AUTHORIZATION
TO: WELD COUNTY
Assessor's Office and the
Assessment Review Agency
SHE 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 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.
SHE LAND LLC
EXACT NAME OF PROPERTY OWNER(FROM NOTICE OF VALUATION)
4732 W 26 STREET R2465503
STREET ADDRESS SCHEDULE/PARCEL NUMBER
10168 1-25 Frontage Road R6780757 / R6780758
STREET ADDRESS SCHEDULE/PARCEL NUMBER
2625 35111 AVENUE R0028093
STREET ADDRE SCHEDULE/PARCEI. NUMBER
rat C T f//- 6 c'tj
AU URE PRINT NAME OF SIGNER
244 V ��✓✓ ��ZI f ✓l'��i�
DATE TITLE
7d — 7'77- „77D L
PI IONE NUMBER
State of C�orado
City of at 4A _ _
On this U{ day of�i�..F„20qb efore 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.
of Public
STEVEN L.
WHITE •II
o
trF... 'P
MY COMM,EXP.043.2016
CLERK TO THE BOARD
PHONE: (970) 336-7215, EXT. 5226
1861 ! FAX: (970) 352-0242
1150 O STREET
P.O. BOX 758
�■� �"" "' GREELEY, COLORADO 8063 80632
UlL J�
cOUNTI
March 9, 2015
Scott Ehrlich
She Land, LLC
10168 1-25 Frontage Road
Firestone, CO 80520
RE: SCHEDULE NUMBERS: R6780757
Dear Property Owner:
This is to advise you that the Weld County Board of Commissioners will hear your petitions for
abatement or refund of taxes on the properties described as: 10168 1-25 Frontage Road,
Firestone, CO 80520. The meeting is scheduled for Monday, March 30, 2015, at 9:00 a.m., in
the Chambers of the Board of County Commissioners of Weld County, Colorado, Weld County
Administration Building, 1150 O Street, Assembly Room, Greeley, Colorado 80631.
The Assessor is recommending that the Board deny your petitions. You are not required to be
present at this hearing; however, this is your opportunity to have your position heard, particularly
if your position is opposed to the Assessor's recommendation. If you intend to submit any
documentation in support of your position for this hearing, all such documentation must be
submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at
least seven calendar days prior to the meeting date in order for it to be considered at the
scheduled hearing.
If you have any questions concerning this matter, please do not hesitate to contact me at
(970) 336-7215, Extension 5226.
Sincerely,
c ,
R faela A. Martinez �J
Deputy Clerk to the Board
cc: Assessor
Joseph C. Sansone Co.
ATTN: David Johnson
18040 Edison Avenue
Chesterfield, MO 63005
04/10/2015
Attn: Chris Woodruff
RE: 2012 Abatement received 12/2014
R6780757/ 1313-11-3-12-001
She Land LLC
10168 E. I-25 Frontage Rd.
Firestone, CO
2012 Assessors Value $1,158,043 ($140/sf)
SUBJECT:
The subject property is one of two parcels that make up I-25 Kia complete auto dealership. The subject
and adjacent parcel were split in 2012 from parcel 1313-11-0-00-074. The split occurred in an
intervening year therefore the value of the two new parcels must equal the 2011 value of the parcel
they were split from, making the 2012 value an allocated value. The subject property and the adjacent
lot sold 5/14/2012, reception #3846189 for$3,250,000. The subject property is located at 10168 E. I-25
Frontage Road in the town of Firestone. The subject is located on the east frontage road on Interstate
25 one mile south of Highway 119 and has very good visibility from I-25. The subject contains 183,311
square feet or 4.2 acres of land. There are two improvements on the property. One is an office building
with 2,240 square feet the other building is a service garage with 6,000 square feet. Both buildings were
built in 1997, are of good quality masonry construction and are in average condition.
Cost Approach:
The subject's improvements are more than twelve years old, for older building it is harder to quantify
the proper amount of depreciation to apply in the cost approach to value. For this analysis the cost
approach was not performed
Market Approach:
Research revealed three sales similar to the subject during the extended data collection period of
02/01/2008-06/30/2010. A sale located two properties north of the subject property on East I-25
Frontage Road
R5611786 10500 E I-25 Fronatage Rd May 2010 $621 per sq. ft.
R0048297 +2 710 S Main Street Oct. 2008 $520 per sq. ft.
R7457998 4535 W 29th St. Feb. 2008 $225 per sq. ft.
These sales support a Market Approach value of$160/sf is selected, equating to a value of$1,318,400.
Income Approach:
The subject property and the adjacent lot have been leased since 2009 for$28,000 per month NNN.
For this analysis we will use half the actual rent for the income approach of the subject property. The
Assessor's office research of vacancy in the Northern Colorado resulted in an estimated 20%vacancy for
properties similar to the subject. Typical management and reserve are deducted as expenses. The
Winter 2009/2010 Burbach & Associates Real Estate Investment Survey indicate the capitalization rate
should be 10%. Using this data an Income Approach indicated value is estimated to be$1,178,100 or
$140/sf(rounded).
Reconciliation and Summary:
In reconciling the Cost, Market, Income Approach the most weight is given to the Income Approach
based on the subject being rented during the base period. The Assessor recommends the value for 2012
be sustained at$1,158,043 ($140/sf)
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CLERK TO THE BOARD
1 � 1 / �, PHONE: (970) 336-7215, Ext. 5226
FAX: (970) 352-0242
11P. O.v1t
GREELEY, COLORADO 80632
2 --- 00 _ JNTeaft---:>Y
May 7 , 2015
She Land , LLC
10168 1-25 Frontage Road
Firestone, CO 80520
RE : SCHEDULE NUMBER R6780757
Dear Property Owner:
On April 20, 2015 , the Board of Weld County Commissioners considered your petition for
abatement or refund of taxes and denied same.
Pursuant to Section 39-2- 125(f) , C . R. S. , you have the right to appeal this decision to the State
Board of Assessment Appeals within thirty days . You may obtain the appropriate forms and
instructions from :
Board of Assessment Appeals , Department of Local Affairs,
1313 Sherman Street, Room 315
Denver, CO 80203
Phone : 303-866-5880
In preparation for appealing to the State Board of Assessment Appeals you may also go to the
following state link to obtain any further information you may need to proceed ,
http://www. dola . state. co. us/baa/index. htm
Very truly yours ,
e 4itojituf 40ydru
Rafaela A. Martinez
Deputy Clerk to the Board
cc: Assessor
Joseph C . Sansone Co.
ATTN : David Johnson
18040 Edison Avenue
Chesterfield , MO 63005
RM/eg
U.S. .S:Postal Service,.
.S.Postal Service,.
CERTIFIED MAIL..RECEIPT rn CERTIFIED MAIL. RECEIPT
uui (Domestic Mall Only;No Insurance Coverage Provided) o (Domestic Mali Only;No Insurance Coverage Provided)
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Postage $ Postage $ 5/7
frl certified Fee • o certified Fee
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SENDER:COMPLETE THIS SECTION COMPLETE THIS SECTION ON DELIVERY
•Complete items 1,2,and 3.Also complete A.Slgnatu
item 4 if Restricted Delivery is desired. � ❑Agent
• Print your name and address on the reverse ),(_\. e),(f,( 2 ❑Addressee
so that we can return the card to you. B.Received by(Printed Name) C.Date of Delivery
•Attach this card to the back of the mailpiece,
or on the front if space permits.
D.Is delivery address different from item 1? O Yes
1.Article Addressed to:
if YES,enter delivery address below: ❑NO
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4. Restricted Delivery?(Extra Fee) O Yes
2.Article Number
(Transfer from servicelabel) 7004 2890 0003 57[79 0550
PS Form 3811,July 2013 Domestic Return Receipt
RECEIVED CLERK TO THE BOARD
\1861/
PHONE:(970)336-7215,Ext.5226
FAX:(970)352-0242
Ili I MAY 7 n 7015
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May 7,2015 �r -„,4 ".
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She Land,LLC a ` �"'
10168 1-25 Frontage Road 1_',..
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Firestone,CO 80520 `A 1' 'IA A,I 77
RE:SCHEDULE NUMBER R6780757 ,44 A
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Dear Property Owner: J- F. .9 .:.
o ;o
On April 20, 2015, the Board of Weld C o- Qo _:
abatement or refund of taxes and denied se o -
r
to LI N ' 1.,)
Pursuant to Section 39-2-125(f), C.R.S., ye m z
Board of Assessment Appeals within thirtyio
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instructions from: o -'cc L cu
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ad n z n
Board of Assessment Appeals,Dep: m z N o
1313 Sherman Street,Room 315 r" .4 m titDenver,CO 80203 0ot
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Phone: 303-866-5880 O
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In preparation for appealing to the State B ''
dr
following state link to obtain any ft
http://www.dola.state.co.us/baa/index.htm
RECEIVED
cc
Very truly yours, °m o MAY 2 0 2015
WLIJ I- CO
° WELD COUNTY
°W X W COMMISSIONERS
Rafaela A.Martinez o o w
Deputy Clerk to the Board a o ec
U—a O
cc: Assessor /i...,
Joseph C.Sansone Co. =w IIC
ATTN:David Johnson „
18040 Edison Avenue I„
Chesterfield,MO 63005
RM/eg
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