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Home My WebLink About20152519.tiff BOARD OF ASSESSMENT APPEALS STATE OF COLORADO NOTICE OF HEARING SCHEDULE NO. R4334906 DOCKET NO. 66456 Petitioner(s): Tax Year(s): 2015 ERIE COMMONS COMMERCIAL PARTNERS RECEIVED V. Respondent: WELD COUNTY BOARD OF EQUALIZATION WELD CcOUNTY The Board of Assessment Appeals will hear the above-captionem "1ONERS Date: February 23, 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 February 9, 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: November 4, 2015 JOSEPH C. SANSONE COMPANY DAVID JOHNSON 18040 EDISON AVE. CHESTERFIELD, MO 63005 Cbmnu,iuNor ,d CC: aol5- asl9' -K0O91 CLERK TO THE BOARD \- 1861 ! istk PHONE ( 970 ) 336 -7215 , EXT 4226 FAX ( 970 ) 352 -0242 rWEBSITE : www . co . weld . co . us 141 1150 O STREET COL JP . O . BOX 758 NTY GREELEY CO 80632 AD- August 5 , 2015 ERIE COMMONS COMMERCIAL PARTNERS LLC 149 S BRIGGS ST ERIE , CO 80516-4064 RE : THE BOARD OF EQUALIZATION 2015 , WELD COUNTY , COLORADO ADMINISTRATIVE DENIAL OF PETITIONER ' S APPEAL AND AFFIRMATION OF ASSESSOR ' S VALUE ACCOUNT NO . : R4334906 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 $ 1 , 722 , 299 . 00 $ 1 , 722 , 299 . 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 . 2015-2519 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 . w ( 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 . 2015-2519 AS0091 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. 2015-2519 AS0091 If you have questions concerning the above information , please call me at ( 970 ) 336-7215 , Ext . 4226 . Very truly yours , -441,mitittAi Jeho ; 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 2015-2519 AS0091 Rafaela Martinez From: Courtney Anaya Sent: Wednesday, July 22, 2015 8:11 AM To: Esther Gesick; Rafaela Martinez Subject: FW: Appeals we will take administrative denials for(2nd group) More Admin Denials Courtney Anaya Analyst Weld County Assessor's Office (970) 353-3845 ext. 3670 canaya@weldgov.com ti r 01 I Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged,confidential or otherwise protected from disclosure.If you have received this communication in error,please immediately notify sender by return e-mail and destroy the communication.Any disclosure,copying,distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Wade Melies Sent: Tuesday, July 21, 2015 3:36 PM To: Courtney Anaya Subject: FW: Appeals we will take administrative denials for (2nd group) More adminn deny, highlighted From: David Johnson [mailto:djohnson@jcsco.com] Sent: Monday, July 20, 2015 4:33 PM To: Susan Gundry; Wade Melies; Noel Lawrence Subject: FW: Appeals we will take administrative denials for (2nd group) Below I have added some additional ones for Administrative denials. Thank you, David Johnson Joseph C Sansone Company LI a4)\-16.g- 2015-2519 18040 Edison Avenue 1 AS0091 Chesterfield, MO 63005 1-636-733-5455 Direct 1-800-394-0140 Ext 5455 1-636-733-2223 Fax djohnson%cijesco.com From: David Johnson Sent: Monday, July 20, 2015 3:45 PM To: 'Susan Gundry'; 'Wade Melies'; 'Noel Lawrence' Subject: Appeals we will take administrative denials for Susan Wade and Noel, From the ones I have looked at so far, below are the cases that we will take the administrative denial: Susan: R7518799—2451 West 28th St, Greeley R0139391 — 3565 W Service Rd, Evans R6783222—26959 County Rd 47 R3319586— 505 18th St Wade: R6781274 — 8906 Frontier St R0167901 - 320 Gateway Drive 2 R4335406— 199 South Briggs R4335506— 149 S Briggs _R4 346 —71 Erie Pkwy R4335106— 51 Erie Pkwy R6781273 —7040 County Rd 20 R6780757- 10168 E I-25 Frontage Rd R4201806-7550 I 25 Frontage Road Noel: R4901507— 31375 Great Western Drive R4699807 R0126095 -208 Main St R0224393 -901 54th Avenue R0223993 - 5401 West 19th Street I am getting through the rest and will send later today. But I wanted to get these to you now. Thank you, David Johnson Joseph C Sansone Company 18040 Edison Avenue Chesterfield, MO 63005 1-636-733-5455 Direct 1-800-394-0140 Ext 5455 3 NOTICE OF DETERMINATION RECEIVED Christopher M. Woodruff Date of Notice: 6/30/2015 Weld County Assessor JUL 1 0 2015 Telephone: (970) 353-3845 1400 N 17th Ave WELD COUNTY Fax: (970) 304-6433 Greeley, CO 80631 COMMISSIONERS Office Hours: 8:00AM— 5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/PHYSICAL LOCATION R4334906 2015 4918 ERI EC3 PT L2 BLK 2 ERIE COMMONS FG 3 EX C COM N4 COR SEC S89D30'E 435.48'S0D17' cc w ERIE COMMONS COMMERCIAL PARTNERS LLC E 43.58'S0D17'E 145.29'TO TPOB S0D17'E Z 149 S BRIGGS ST 97.19'CURVE TO L(R=1170')CHORD=S40D3 O ERIE,CO 80516-4064 9W 36.04'S39D46'W 203.90'N01 D17'W 183 .58'CURVE TO L(R=1230.79')CHORD=N58D1 Cc ui O 71 ERIE PKWY a ERIE,CO 000000000 ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE.AFTER REVIEW REVIEW, COMMERCIAL 1,722,299 1,722,299 TOTAL $1,722,299 $1,722,299 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 et'. 2 710 6000-0065 AScolJ APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 29 through August 5 at 1 150 0 Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below,and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 1150.0 Street, P.O.Box 758 Greeley,CO 80631 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 recommend at all You mayired mailed with proof prove that of mail a timely appeal; therefore, we You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, g 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 As Anneal 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)886-5880 local telephone book for the address and www.dola.colorado.00v/baa telephone number. indl i�Arb n for a list of arbi�ors,contact the County Commissioners at the address listed for the County Board of Equalization. if the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, ft 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.) SEE ATTACHED What is the bps 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 ASSESSOR'S CALCULATION OF THE VALUE EXCEEDS THE ACTUAL MARKET VALUE OF THE PROPERTY. [ATTESTATION I,the undersigned owner or agent'of the property Identified above,affirm Thai the statements contained herein and on any able her o are true and complete. -636-733-5455 78-2015 Signature Telephone Number Date appeals@jcsco.com Email Address Please Send all Correspondence to: Attach letter of authorization signed by property owner- Joseph 040 C Sansone Company i9 18040 Edison Avenue Chesterfield, MO 63005 VintirialtAPPEAtfORM If you disagree with the"current year actual value"and/or the classification determined for pr operty,ro erty,you may file an appeal by mall or in your person with the County Assessor, Completing the Real Property Questionnaire will help you determine an estimate of value for your property, which can be compared to the value determined by the Assessor.Colorado law requires application of the market approach to value for residential properties(includes apartments)and consideration of the cost, market,and income approaches to value for vacant land, commercial,and industrial properties. REASON FOR REQUESTING A REVIEW:The Assessor's calculation of value exceeds the actual market value of the property. fit fib- j 11 tMra ni fiL ATTACH ADDITIONAL DOCUMENTS AS NECESSARY (Do not send original documents, they will not be returned.) MARKET APPROACH(ALL PROPERTY TYPES):This approach to value uses sales from the 18-month period ending June 30, 2014. If data is Insufficient during this time period,the Assessor may also consider data from the 5-year period ending June 30, 2014. Statute prohibits the Assessor from using appraisal data after June 30, 2014. To help estimate the market value of your property,please list sales of similar properties that have sold in your neighborhood. A copy of an appraisal prepared prior to June 30,2014 may be helpful in estimating the market value of your property. DATE SOLD SCHEDULE/ACCOUNT NUMBER or PROPERTY DESCRIPTION or ADDRESS SELLING PRICE Based on the information provided and accounting for differences between sold properties and your property,state the value of your property as of June 30, 2014. $See Enclosed Info COST AND INCOME APPROACH: For vacant land,commercial and industrial properties the Assessor must also consider the cost and income approaches to value. If your commercial or industrial property was not leased from January 2013 through June 2014,please complete the market approach section above. To assist the Assessor in evaluating your appeal,and if your properly was leased during January 2013 through June 2014, please attach an operating statement indicating your income and expense amounts.Attach a rent schedule indicating the square footage and rental rate for each tenant occupied space. If known,attach a list of rent comparables for competing properties. Estimate of value based on cost approach:$ Estimate of value based on income approach:$ See Enclosed Information Ali0Etit ASSIONNIENT 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 Edison Avenue Suite 400 to the above-named agent at the following address: Chesterfield, MO 63005 *, ISWN t F CON I,the undersigned owner or agent of this property, state that the information and facts contained herein and on any attachments constitute true and complete statements concerning the described property. SCHEDULE/ACCOUNT NUMBER:R4334906 (Found above name on the other side of this form.) y P 636-733-54 Signature: g Date: O`— Daytime Teie hone#: 7d 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 15-3221P?&fl tickflqpi>t l ei 5►r fio� and/or the classification to the Assessor expires on June 1, 2015 if the date for filing any document falls upon a Saturdiy,Sunday,or legal holiday,it shall be deemed timely-filed if postmarked or delivered on the next business day.39-1-123(3),C.R.S. 15-32281-0002-CO AGENT AUTHORIZATION TO: Weld Assessor's Office and the Assessment Review Agency Erie Commercial Partners 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 2013 through 2016 assessments are resolved. Erie Commons Commercial Partners LLC EXACT NAME OF PROPERTY OWNER(FROM NOTICE OF VALUATION) See ched List ST SCHEDULE/PARCEL NUMBER •�� "we (J THORIZED SIGNATURE PRINT NAME OF SIGNER - ?5 i5 i1',,14 ,ere DATE TITLE 303 -- 977-3a�`. 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 •d w 4 g g A alu7 8to OQOob0 ,o I Q i I I Ia tK o oop ! i tO IF;w UUU I - t a ci tn U g NA 1 m ¶, a) a) Iy} 14 tt WW ., c�, "p 1 Q iy g , .d a) ) ,D H 9 'd 7J a- . 4-+ '1, o a ° 1, co2I � 1 % O O 1 W .2 t 15 w It z 0S. I Q .�© d 0 v : Weil' cd _ o ; a 11 !1 °' 61 °' C/) 5 tom- 0 mw � w p , o -` � ~ V La � .� ti q k w �. W o \4'4. 1 aUa q II) .` 0 b ‘0 l b O O In N a nMMc�� I C') MM W aaar d, w a) 1 ' o V 0F' REAL PROPERTY SUMMARY ANALYSIS OF Erie Commons Commercial Partners LLC 71 Erie Parkway Erie, CO 80516 Parcel ID(s) Appeal Number 146719130002 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. 15372810007CO P 71 Erie Parkway POINTS OF DISCUSSION Property Issues 61 Erie unfinished and has a►ways been vacant-with a dirt floor, no HVAC. Other Notes 15322810002CO Broker's Opinion—1 his is not an appraisal • • 71 Erie Parkway �- - PTR Number:15322810002CO Location IDs:146719130002 Tax Year 2015 / Pay Year 2016 Area Type OFFICE RETAIL Location Totals Gross Building Area 8,424 8,168 f 16,592 Net Leaseable Area 8,424 8,168 I 16,592 Potential Gross Income 12.00 101,088 19.00 73,512 110.52 174,600 Vacancy and Credit Loss 12.0% 12,131 30.0% 22,054 119.6% 34,184 Effective Gross Income 88,957 51,458 140,416 Overall Expense 15.0% 13,344 15.0% 7,719 15.0% 21,062 Net Operating Income 75,614 43,740 119,353 Base Cap Rate 9.000 Adj Tax Rate 0.532 Adj Cap Rate 9.532 Value Sum 1,252,148 Indicated Value 1,252,000 Total Indicated Value per SF(NLA) 75.47 1.L3228100022CD Brokers Opinion—This is not an appraisal—See Full Disclaimer 0 0 IMIIMMEMOI , Fa,'43.)T . - c(2..-:,-,-'9 •m-;.",‘.;•r f 4 Ij. .{ a, ..l 1 iT� 4,...i. 'P Put/. • .zRLt. /u d trt .�t. > % ZSay t'h. iwY4k g '�i >4> 'T Y Ykj� ti.' .i..— � " .ar• j r �a i • ." r � r a . ' F X�� ' Q.�j., � . .Zr� ' � '1' � /1 �`/ 1357 Water Valley Pk - Water Valley Villa e 3 }> ,x', r a rw'• ,r. `�_`�� "r.Y }4i 'a :; :�, SOLD E. i v, .:, , � T:`r d°' l:,~, t ,.,rY s t.M.,Z S � _ 'i 5 ti ] e• k5 e ti 1l ' -',-t4 •R .n\ ~.J r < ! i '� 3 .¢ c - ‘4.-'•.- Q ..ti• -,hr. s,.l ,�:. }` > . ' ''r % i < 1 •yv vr r 1 K .t .a>'., .a ...z- -' :ii '. cr' c-. - ._ .. • !+`- t �- - e- 4.4).s r/ I -e vol..";SQL. za ?r..t, - £ - > ., i! -� . rk ;72•4‘:-2.-. - .', .^ .. - _i ... '-t .:'it .< '* "..n{ , L..-i ..Tn. tJ IN �M. . i Windsor, CO 80550 . . ,, , ..,. - ... _� : -> -1 4C44' ' ��z� 5 �� .- -� �� }�: �• ' , � • v � y,-;... f tp, . . •). 1 � �:� '�: � _ s• Nt y io,2°'�'i j�F'�� f' � f �, �1 at; -+�� .L 1 r ILla Multi-Property Sale on 3/27/2013 for $675 000 ($90,07/SF) - Research Comple#e ?j zM 9a 'A..? rr � .< ` � , ;_ti Y `4 i VA.vt .k w x• -._.S Y �} t n,,v_1°rti 4':Fl-,"!i't, ' !Fif )., 2 �� a °!..vs t; tV .,,,l. k ° L' r ' 4, { ,r 7,494 SF Retail Freestanding (Neighborhood Center) Building Built in Sep 2009 �a „, ._ r � °-. J, } ,, , ; •, 4 r . , g� . :,t. � , n- , G 1 � R' r I � ,, J Ah� T • S n .4 t •• sY _ r 5.<`r^53 .,q � rr, e , cx r i c;. z ,� •s � i." ,4 :�'_.., , . .. _ � 1 '. - <a .J° R' 7 rfJ`ry .-,T„ ,.� rt. 3::,,s, c....• °t,.z, r w r ' r.f . ... JS.- ::- .. . .r .v,. . :.:- .. ... .. . . . _;,... "i i 1 4. � q.. -... ,r. 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Virtual Earth' �t t) SA Li, J ▪ :ta_: t...."j !II Akan , t fl, sac Buyer & Seller Contact Info Recorded Buyer: Donald A Butler Recorded Seller: Gre Holdings LLC True Buyer: Donald A Butler True Seller: Guaranty Bank and Trust Company Donald Butler Brad Schwindt 1415 N College Ave 930 11th Ave Fort Collins , CO 80524 Greeley, CO 80631 (970 ) 484-6715 (970) 454-4122 Buyer Type: Individual Seller Type: Bank/Finance ' Transaction Details ID: 2719833 Sale Date : 03/27/2013 Sale Type: Owner/User Escrow Length : - Bldg Type: Retail - Freestanding (Neighborhood Center) Sale Price: $675,000-Full Value Year Built/Age: Built in Sep 2009 Age : 3 Asking Price: - GLA: 7,494 SF Price/SF: $90 .07 Land Area: 0.78 AC (33,977 SF) " Price/AC Land Gross: $865,384.62 Percent Leased : 48.6% Tenancy: Multi Percent Improved : 68.2% Total Value Assessed : $ 146, 100 in 2012 Improved Value Assessed $99,600 Land Value Assessed : $46,500 Land Assessed/AC: $59,615 No. of Tenants: 3 Tenants at time of sale: Donald A Butler; Park place Interiors ; Subway Financing : Down payment of $675,000 .00 ( 100.0%) Parcel No : 080728152004 Document No: 3920697 Sale History: Sold for $675,000 ($90 .07/SF) on 3/27/2013 Sold for $675,000 ($90 .07/SF) on 3/27/2013 Copyrighted report licensed to Joseph C. Sansone Company - 200793. 4/20/2015 N 61 Erie Pky - Building C - Erie Commons... .. n - r . ., ., ,... ,, ,...../ fr.in ...., , ) .., a ..„, ...:_ %. „.,,, ,,, . . ---..-._J .jam , �!.0�, j ,.. i . 4,t � .. < �¢ro, : ::,.:' . t..r i P, v" ' " -WS' _ ;' -h� tir^a a +. -?AP.:!� g •. re ,a`Ji• 3 " 5 ;, *. W sue ...s.b. .'t j. - . ! -_ Pr. . - Imor'r SS., {t 'a' c ". . " r: r.: sir .. Iii‘: 2.. - Kati �yY^r " ^: , ry , i i 2 I i i r • � .; -. ?i. ` sv' • . J ' y.,3 t h�__,'„g./.v -•..._. .. . . y •t h. 1.,..",,l ' ' % .., ,. ^ -.{,E,-,C`i - '5.f.,": ,Y" _ _ : . Yi"'u...Xus . .. ...:J r . _ :.�. ae T� s-::i' `k."'" ,sfLe 3, 1 Y 1 � +i ..S , i _ s r ', -ta-. 4�'.+rr- 'aw'Naa.. � .V ,t,, . 1"[�� L . �i_�k'; .`fir. e�yet 7 F. - .� � :v y': � = -€ r"�_ 'la '!' s 'ri<;.' ,G [ ..,.. fl • -- ] F-O : Zt,� <._ A — 4;y, M- c _ • Y`t' �: •:t '` it* :*1,-.-1 erxr4ek$:• 4.r . :,,, ,,< 2,t) '.- r I ,.1�d ti I •,1 y, , , • .:, ._.r A J+ 'Pilf. 6 ] vaisormosertatirsa }/„", sallidirrii Location : Building C Building Type: Retail/Freestanding (Neighborhood Center) Northwest Ret Cluster Bldg Status : Built Jul 2008 Northwest Ret Submarket Building Size: 7,006 SF Weld County Typical Floor Size: 7,006 SF Erie, CO 80516 Stories: 1 Land Area : 9. 16 AC Developer: Erie Commons Commercial Properties Total Avail : - Management: - / Leased : 100/s Recorded Owner: Patrick A Tackwell Total Spaces Avail : 0 Smallest Space: 0 SF Expenses : 2009 Tax @ $8 .47/sf Bldg Vacant: - Parcel Number: 146719130002 Cross Street: Briggs Street Frontage : 194 feet on Erie Pky(with 2 curb cuts) Parking: 40 free Surface Spaces are available ; Ratio of 5.24/1 ,000 SF Building Notes One of two new buildings in Erie Commons . Buyer may choose interior finish . Space is ideal for a restaurant or general retail space. Copyrighted report licensed to Joseph C. Sansone Company - 200793. N Ph NI P JOSEPH C. SANSONE CO. Business Tax Solutions* RECEIVED July 8, 2015 JUL 1 0 M15 WELD COUNTY Weld County Board of Equalization COMMISSIONERS 1150 O Street Greeley, CO 80631 RE: Enclosed Appeals to the County Board of Equalization Dear BOE Administrator: Please find enclosed the signed Notice of Determination's for the Schedules Numbers that we wish to appeal to the County BOE.Additionally we have enclosed a list of the properties with the Schedule Numbers enclosed for appeal. As we do have multiple parcels and multiple counties we are working with on BOE Hearings, if it is possible, please call me prior to setting the hearing date so we can try avoid any conflicts and set any travel plans we need to make (1-636-733-5455). I appreciate your consideration of the above request. Thank you for your help, David Johnson Joseph C Sansone Company 18040 Edison Avenue Chesterfield, MO 63005 djohnson@jcsco.com 1-636-733-5455 Direct 18040 Edison Avenue ♦ St. Louis, Missouri 63005 Phone: (636) 537-2700 Toll Free: (800) 394-0140 Fax: (636) 537-2307 www.jcsco.com HEADQUARTERS: St. Louis, Missouri Bethesda ♦ Denver • Hartford • Minneapolis Joseph C. Sansone Company Tax Year/Lien Year: 2015/2015 BOE-STC Appeals State: CC) 15320290001C0 Scott Banzhaf 8258 Colorado Boulevard Firestone, CO 80504 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 131119305003 15320680001CO Advanced Forming Technology 7040 County Road 20 Firestone, CO 80504-5453 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 131120202006 15320680002C0 Advanced Forming Technology 8906 Frontier Street Firestone, CO 80504-5453 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 131120202007 15320800004C0 Ehrlich Management LLC 10168 I 25 Frontage Road Firestone, CO 80504 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 131311312001 15320800005CO Ehrlich Management LLC I 25 Frontage Firestone, CO 80504 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 131311312002 15320970001C0 Front Range Energy LLC 31375 Great Western Drive Windsor, CO 80550 Lead Analyst: Report Parameters:TaxYear:2015;State:CO;JurisType:ALL;JurisName:Weld; ProdLine:Real Estate;Analyst:ALL; 7/9/2015 08:55 ActualAp:ALL Page 1 of 5 Joseph C. Sansone Company Tax Year/Lien Year: 2015/2015 BOE-STC Appeals State: Co Informal Hearing Date: Parcel ID Local Appeal State Appeal 080726401001 080726401004 15321070004C0 Transwest Trucks 7550 I - 25 Frontage Road Frederick, CO 80516 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 131326209005 15321070017CO Transwest Inc 4001 Commerce Court Frederick, CO 80504 Lead Analyst: Informal Hearing Date: Parcel ID ' Local Appeal State Appeal 131326215001 15321320001CO Rubadue Wire Co Inc 1301 North 17th Ave Greeley, CO 80631 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appedi 080331000042 15321700001C0 Windshore LLC 208 Main Street Windsor, CO 80550 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 080716300014 15322810001CO Erie Commons Commercial Partners LLC 51 Erie Parkway Erie, CO 80516 Lead Analyst: Report Parameters:TaxYear:2015;Star,..cn• hvicTvnp•ALL:JurisName:Weld; Prod Line:Real Estate;Analyst:ALL; 7/9/2015 08:55 ;ActualAp:ALL Page 2 of 5 Joseph C. Sansone Company Tax Year/Lien Year: 2015/2015 BOE-STC Appeals State: CO Informal Hearing Date: Parcel ID Local Appeal State Appeal 146719130006 15322810002CO Erie Commons Commercial Partners LLC 71 Erie Parkway Erie, CO 80516 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 146719130002 15322810003CO Erie Commons Commercial Partners LLC 149 South Briggs Erie, CO 80516 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 146719230003 15323440003CO Laundromat 505 18th Street Greeley, CO 80631 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 096108405005 15323460001C0 Huron Produce 3901 Godding Hollow Parkway Frederick, CO 80516 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 131322408003 15323560003CO Premier Members Federal Credit Union 8080 Colorado Blvd 1 and 2 Firestone, CO 80504 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 131119306001 131119306002 Report Parameters:TaxYear:2015;State:CO;JurisType:ALL;JurisName:Weld: ProdLine:Real Estate;Analyst:ALL;Level:Informal; 7/9/2015 08:55 ActualAp:ALL Page 3 of 5 Joseph C. Sansone Company Tax Year/Lien Year: 2015/2015 BOE-STC Appeals State: CO 15323660001CO Ace Hardware 201 South Rollie Avenue Fort Lupton, CO 80621 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 147105306001 15323740001CO Interstate Ford LLP 800 Bryan Court Dacono, CO 80514 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 146702001001 15324080001CO 320 Gateway Partners LLC 320 Gateway Drive Johnstown, CO 80534 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 106103419003 15324140002CO Summit Bank&Trust - Erie 199 South Briggs Road Erie, CO 80516 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 146719230001 15324200001CO Western Equipment&Truck 26959 CR 47 Kersey, CO 80644 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 096124202001 15324340001CO Evans Land Partners 3565 West Service Road Evans, CO 80620 Lead Analyst: Report Parameters:TaxYear:2015;State:CO;JurisType:ALL;JurisName:Weld; ProdLine:Real Estate;Analyst:ALL;Level:Informal;7/9/2015 08:55 Review;ActualAp:ALL Page 4 of 5 Joseph C. Sansone Company Tax Year/lien Year: 2015/2015 BOE-STC Appeals State: CO Informal Hearing Date: Parcel ID Local Appeal State Appeal 096120315009 15324360001CO Cutting Edge Steel 101 Miller Drive Dacono, CO 80514 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 146701404010 15324520013CO Texas Roadhouse Holdings LLC 2451 West 28th Street Greeley, CO 80634 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 095913400051 Report Parameters:TaxYear:2015;State:CO;JurisType:ALL;JurisName:Weld; ProdLine:Real Estate;Analyst:ALL; 7/9/2015 08:55 - ActualAp:ALL Page 5 of 5 Joseph C. Sansone Company Tax Year/Lien Year: 2015/2015 BOE-STC Appeals State: CO 15320780001CO Ehrlich Management LLC 3313 35th Avenue Evans, CO 80620 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 095923010003 15321480001CO MLS Properties LLC 5754 West 11th Street Greeley, CO 80632 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 095910228006 15324000001CO National Board of Chiropractic Examiners 901 54th Avenue Greeley, CO 80634 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 095903300088 15324000002CO National Board of Chiropractic Examiners 5401 West 10th Street Greeley, CO 80634 Lead Analyst: Informal Hearing Date: Parcel ID Local Appeal State Appeal 095903300004 Report Parameters:TaxYear:2015;Stare (n•_hirisTvoe:ALL;JurisName:Weld; ProdLine:Real Estate;Analyst:ALL;L 7/9/2015 08:56 ActualAp:ALL Page 1 of 1 Hello