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Home My WebLink About20152436 BOARD OF ASSESSMENT APPEALS STATE OF COLORADO Docket Number: 66440 Multiple County Schedule Numbers. (As Set Forth in the Attached) STIPULATION (As to Tax Year 2015 Actual Value) Wide Open Real Estate LAC Petitioner vs Weld _ COUNTY BOARD OF EQUALIZATION, Respondent. Petitioner(s) and Respondent hereby enter into this Stipulation regarding the tax year 2015 valuation of the subject property, and jointly move the Board of Assessment Appeals to enter its order based on this stipulation. Petitioner(s) and Respondent agree and stipulate as follows: 1. The Properties subject to this Stipulation are described as set forth in the County Schedule Numbers on the Attachments to this Stipulation. 2. The subject properties are classified as commercial (what type) 3. Attachment A reflects the actual values of the subject properties, as assigned by the Assessor for tax year 2015 4. Attachment B reflects the actual values of the subject properties after a timely appeal. as assigned by the Board of Equalization, 5 After further review and negotiation, the Petitioner(s) and Respondent agree to the tax year _3=D15 actual values of the subject properties, as shown on Attachment C 6 The valuations, as established on Attachment C, shall be binding with respect to only tax year _ 2015 cc: Ca ast? do IS 0? 7- 25--.2,0tL -7/act (00IG ASCb9/ 7. Brief narrative as to why the reduction was made: A review of the Market and Income Approaches to value indicated an adjustment . 8. Both parties agree that the hearing scheduled before the Board of Assessment Appeals on March 15th, 2016 (date) at 8:30 AM (time) be vacated or a hearing has not yet been scheduled before the Board of Assessment Appeals. TED this 4th day of Fbruar 2016 tAa Petitioner(s) or Agen or Attorney County Attorney for Respondent, Board of Equalization Address �e� � Address: bft, d Jf /7 1150 "O" Street Nieuzo(;,, '�`��)� _ Box CO 'Greeley, CO 80632 Telephone: 2O1-a q) )61771 Telephone: (970) 336-7235 County As.essor Address: 1400 N. 17th Avenue Greeley, CO 80631 Telephone. (970) 353-3845 Docket Number 66440 2 ATTACHMENT A Actual Values as assigned by the Assessor Docket Number 56440 Improvement Total Schedule Number Land Value Value Actual Value 88928300 746, 07.6 .0© ...1 111, i42 .0� - 2, 457, 158 .00 84929400 $ 205, 938 00 57, 300 .00 I, 263 , 238 .00 ---- _._ $__.-____ .00 --__ ®00 $ 0 .00 -__ _ .00 $ .00 $ .00 $ .00 $ .00 $ 0 .00 $ .00 $ _00 a .00 $ 00 $ .00 $ c .00 -- _ E- - 00 $ _-_- 00 $ J .00 $ .00 $ .00 $_ 0 -00 $ 00 $ .00 $ 0 _00 $ .00 $ .00 $_ 0 .00 $ .00 $ .00 $ 0 00 ______ .00 $ 00 $___ 0 .00 .00 00 $ .00 $ 0 00 1_ .00 _-. _e 00 $ 0 .00 .00 .00 $ 0 00 ..._ _00 $ 0 $ 3 .00 $_ 00 $__ -__00 $.__.-..----- 0 _00 00 $ ,00 $ ------ _�. 3 .00 $. 00 3 .00 C .00 - _ 3 , 00 $ --__-_.. 00 $ 0 .00 ___ 00 ---- _ C0 $. C .00 TOTAL: 3 931 , 9';4 00 $ L, 769,X 12 �00 $ ._ 2 , 72C , 396 ,00 ATTACHMENT B Actual Values as assigned by the County Board of Equalization after a timely appeal Docket Number 66440 Improvement Total Schedule Number — Land Value — Value Actual Value 88328300 $ 746 . 016 .00 $ 1, 711, 142 .00 5 2, 457, 159 00 R89284Q0 $ 205, 938 .0d $ 57, 30C 00 i 263, 238 00 .__ ,00 00 $ 0 .00 00 $ .00 0 .00 .00 $ .00 $ ° 00 _._._ .00 $_-_- .00 $ 0 .00 $ 00 _ .00 1 ° .00 $ .00 $.__ ____ 00 t 0 .00 $_ .00 1_ _._ .00 $ 0 .00 $___ 00 $ 00 $ 0 .00 $ .00 $ .00 $ 0 .00 $ .00 _ .00 $ 0 .0Q $ .00 ._ 00 $ ° .00 $ 00 $ .00 $ 0 .00 $.__ .00 $ .00 $ ° .00 0 ,00 _. _ 00 5 00 $ 0 .00 $ .00 $ .00 $ ° ,00 _ $ .00 $ .00 . 0 .00 $_._ 00 $ .00 $ 0 .00 $__ .00 $ .00 $ 0 .00 $ .00 $ . .00 $ 0 .00 $_ .00 $_ _ 00 $ 0 .00 TOTAL: $--..� 'h. ,,354, 00 $ 768 , 442 .00 $._._ _._2, 720, 396 ,00 ATTACHMENT C Actual Values as agreed to by all Parties Docket Number 66440 Improvement Total Schedule Number Land Value Value Actual Value 9283vC ,,1 1 , 439 . 635 00 6;4 .00 6 . 016 OQ � _2184 ,, 2E4 2C5, 938 ,00 5 ?, 33U $_______..__ _.___-____ __ 00 $ 00 ---_---_ $ ,00 $_____ 00 $ __.. ) .00 $__..-- .00 $ ___. 00 .00 .00 .00 $ 0 00 $ .00 $_ .OQ $ ,f .0Q $___ 0_0 $ .00 $ .00 __.._..._..._ _ ,00 $.----_--- —__ .00 $__ 0 .00 ____ _______.__ $ $ 00 $ 0 .00 00 __._ .00 $ c .00 $ .00 00 $ 0 .00 00 ___ 00 $ _ _ 00 .00 - L.00 ____ _.__...- 00 $ 00 $- C ,00 00 $ 0'0 $_----------____ OQ $ _.._. .CQ $ ,cc $ oq DO $ 00 $ .CO $ ,00 $ .00 $ 00 $--- -: 00 .00 $. _0Q TOTAL. $ 9'31 . Y-.1 O1 $ 1 _ 00 $ 2 1 1 7 8',2 o0 BOARD OF ASSESSMENT APPEALS STATE OF COLORADO NOTICE OF HEARING SCHEDULE NO. R8928300+1 DOCKET NO. 66440 Petitioner(s): Tax ��s): 2015 R� WIDE OPEN REAL ESTATE LLC RECEIVED OCT 292015 V. 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 aois- a4/3(o II- y - Is LB , 1% /1' 009 / 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 Date: September 1, 2015 Check/Credit Card# P F H Property Owner: Wide Open Real Estate RECEIVED Subject Property: 3761 Monarch Street Frederick Street Address City SEP 0 8 2015 Schedule Number(s): R8928300, R8928400 WELD COUNTY Attach separate sheet if necessary COMMISSIONERS Weld ®Board of Equalization Appeals the decision of the ❑Board of Commissioners Dated: August 6. 2015 County ❑State Property Tax Administrator This Appeal concerns: ® Valuation ❑Refund/Abatement ❑Exemption ❑State Assessed Tax Year: 2015 The subject property is currently classified as: ❑ Agricultural ®Commercial ❑Exempt ❑Industrial ❑Mixed Use ❑Natural Resources ❑Oil&Gas ❑Personal ❑Possessory ❑Producing ❑Residential ❑State Assessed ❑Vacant Land Interest Mines Actual Value assigned to subject property: $2,720,396 Petitioner's estimate of value: $1,800,000 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 Z 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) ❑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. Required attachments to this form: ❑ Assessor's or Property Tax Administrator's Notice of Valuation or Notice of Denial E Decision of County Board of Equalization, County Board of Commissioners or Property Tax Administrator Attachments required under certain circumstances: E 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: EBoard 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) Signature of Agent El or Attorney ❑ Signature of Petitioner Todd J. Stevens Wide Open Real Estate LLC Printed Name Printed Name 9635 Maroon Circle Suite 450 3761 Monarch St. Mailing Address Mailing Address Englewood Colorado 80117 Frederick, CO 80516 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: 3761 Monarch St,Frederick, CO 80516 Property Address/Legal Description/Schedule#: See Attached exhibit A Consultant/Agent: Stevens&Associates Cost Reduction Specialists, Inc. I/We Wide Open Real Estate 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 2°1 day of August 2014. B Agreed : 9 Y Wide Open Real Estate LLC _w- By: Scott McMorris Title: Managing Member STATE OF(1diilk The foregoing irtrument was acknowledged before me} ThisL day off cLv Please Direct all correspondence/refunds to: By. Stevens&Associates/Inc. .••'.•......•. 9635 Maroon Cir, Suite 450 Witness my nd '•� Englewood,Colorado 80112 , E. my • ission expir i:# .a ]` �, • . C ` .. .. Pl!'•IC ._ .011 ;y CO' my Commission Wins n911512015 Exhibit A Wide Open Real Estate LLC 3761 Monarch St Weld County Parcel/Account# 1467031110041R8928300 Wide Open Real Estate LLC No Address Weld County Parcel/Account# 146703111005/R8928400 r'' 14s 1861 frit , CLERK TO THE BOARD ��a —_, � PHONE ( 970 ) 336 -7215 , EXT 4226 Trw,. .......,� FAX ( 970 ) 352 - 0242 it x _ WEBSITE : www . co . weld . co . us 1150 O STREET V � J P . O . BOX 758 U N--TLY GREELEY CO 80632 „i -t I I August 6 , 2015 WIDE OPEN REAL ESTATE LLC 3761 MONARCH ST FREDERICK , CO 80516-9455 RE : THE BOARD OF EQUALIZATION 2015 , WELD COUNTY , COLORADO ADMINISTRATIVE DENIAL OF PETITIONER ' S APPEAL AND AFFIRMATION OF ASSESSOR ' S VALUE ACCOUNT NO . : See Attached 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 , 720 , 396 . 00 $ 2 , 457 , 158 . 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 . 2015-2436 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 . 2015-2436 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. 2015-2436 AS0091 If you have questions concerning the above information , please call me at ( 970 ) 336-7215 , Ext . 4226 . Very truly yours , S244,4A) c; u-feS ; 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 2015-2436 AS0091 R8928300 $ 2 ,457, 158 . 00 $ 2 , 457, 158 . 00 R8928400 $ 263 , 238 . 00 $ 263 , 238 . 00 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: BOE 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@stevensandassoc.com 303.347.1878 Phone ao/54113i. A50691 Christopher M . Woodruff, Weld County Assessor Valuation Report Of Commercial Property For County Board of Equalization • WIDE OPEN REAL ESTATE LLC Petitioner vs. Weld County Assessor' s Office Respondent Parcel Number: 146703111004 + 1 Schedule Number: R8928300 & R8928400 Appeal Number: 2008210289 &20082 10289 Date: July 30, 2015 Time : 15 : 30 Board : CBOE Prepared By Wade Melies Assessor' s Office Staff Appraiser Assessor' s Indicated Value TOTAL : $ 2 , 720, 396 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 3761 MONARCH ST FREDERICK Land Area 124,336 + 68,824 total 193, 160 Property Type Commercial Occ% 100% Occupancy Description Complete Auto Dealership Imp No 1 Year Built 2001 & 2014 Quality Average Class Masonry Number of Stories 1 Improvement Sq. Ft. 23,016 Value Indications: Land $746,016 + $205,938 total $951,954 Cost Approach $3,100,000 Market Approach $2,646,840 Income Approach $3,600,000 Final Value $2,720,396 Subject Description The subject property is located on the west side of Interstate 25 and south of Highway 52 at 3761 Monarch Street in the town of Frederick. The subject property has very good visibility from I-25. The subject is a complete motorcycle dealership that is made up of two lots. The lot adjacent to the west was recently developed as an over flow parking lot for employees, customers, and equipment storage. This lot contains 1.58 acres or 68,824 square feet of land, half of which is developed with recycled asphalt. The primary lot contains 2.85 acres or 124,336 square feet. The improvement is of masonry construction, built in 2001, and is of average quality and typical condition. The improvement contains 23,016 square feet and was designed as a complete motorcycle dealership to take advantage of the I-25 exposure. Subject Photo SI to cco 1 ,.. .1,111”1,to is �. r71 tit a* t a tt 1 �: it I 's+., e ' � 17 rttw. ®- - -..al jill I II IPPI I ar: ' _ ',4 l s. 1r: ' [0 70.0' o rb. 71.0' oI f/ip ) �1U.6'{ ry11 ± \. �x'‘o Asphalt \ J. fa / 36350.0 sq.ft. b I\ co i u r 1. ... f\� f E Concrete b $ yp� NM 4/' `�2531.0sq.tt. 22.0' �� \\a p.ry ' Mal g 2.5' �\ r-----5.7-- _� 70.0'__ Altar �� - �i/ 50.0' 23016.0 sq.ft. 50 •0' 29.� 4_ _ _ _. _. s.�:.:S.. .'! ' -r'. II 1 c y y 30_0' YVH 24' Class C o ^081\ 4 - i v,. I ...---,r—t.-.1.„.....a....—,: \a c Concrete Year Built 2001 30.0 { i-- -� '^ }�' �' 'h� `., \ 230.0 sq.rt. 84.0' Sprinkler System 64.0' i .k). r� E: ` \ ` HVAC o i o \ .a as °0 68.0' ^1 so i s.o: v' c l\P„A R'' �.1 � e. \ p d, twteaanlne 2220.0 so fl b 6 , M \v/ "' «' 1/ • U \ 32.0' o, 92.7' ry /1,44 ,4- n /^ ' r \•\ \\\ `8 Deck a dVi Ivt% U ' , 14 I A ; _ fil5fr436.0 sq.ft • aOA cal it jr�'III ° 4S I Atv AS G '��///` r , r� o' cam' r. -- s '• J' • 3‘ .t., to e... Me I n h - Lw ir . ff l '� o t -r.Jad�4x .y - ' r - :. ' '^vim } l d e �...r Sketch by,yex IvWwMousim ',‘✓ Cost Approach Land Value Sales utilized to establish the value in the subject neighborhood are 2013 and 2014 market 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 subjects is 124,336 and 68,825 for a total of 193, 161 square feet. Comparable commercial land in the subject area is valued at $6 per square foot for the lot with I-25 frontage and $3 per square foot for the inner lot. Parcel Number Sale Date Sale Price Land Size Per S.F. Buyer Comp 1 146703201006 4/18/14 $349,900 108,902 $3.21 Boulder Marine Inc Comp 2 146703102005 4/8/13 $290,000 89,322 $3.25 Zespy Properties of Colorado LLC Comp 3 146702204001 7/ 12/ 12 $ 1,037,500 182,801 $5.68 Pacifico Real Estate Holdings LLC Assessor's Indicated Subject Land Value $951 ,954 . -am■ •-•:-= 1 - e ' rum, ,Como ! 9 °I - % • ma ,.' i :;, . 1. , 0 1 Q� ..� i4 Y�� !.1 � � . •. . � • OS • pp 1, �'�}: •. � - � -��ura_.� .��r•iirtir..:-.74%- !- • 4 P2 .11:4 D3 1 , : .. -I 05 Q06A 't0�7 00.1J'1 1., . I� , • 4, 1999, a.I�� : 1.,, f 007 1999'„tIP:tt 0i rill i ti;' ;, ;j . • . ..•..� 004 .0 IS {� � � .�- w. t. 07 : h C 42 c :) ti : 07 ci, 1003. : j. _, .s, ' A uRntao11 g, Y • .1 Compl . -1,001 . •Yrib!. r� , ;:„,.,. ,• - N • • • _ ... ' r ri0 02 .� ?"19g9��14 „ ' Comp2 I' Wa2 , 6` r ; r . .I Ir^ , 4 pa 06� 18 ' ' c, , . 9i t , i is p' �, � . . � � �s' . 1 . gi . 0 2 'M0 5 , t .3• . Tr r _ • 4.., ..� �. r oar 00- 007 0040 001)DI5 p,04 .1 Subject's 2 lots 9 s ��~ . 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 $2,148,466 Total Value by Cost Approach Final Value $3,100,000 $135 per sq. ft. Cost Approach Summary PARCEL NUMBER 146703111004 + 1 PROPERTY OWNER Wide Open Real Estate LLC ADRESS 3761 Monarch St. CITY, STATE, ZIP Frederick, CO DATE OF APPRAISAL 06/30/14 OCCUPANCY: Complete Automotive Dee NUMBER OF STORIES 1 FLOOR AREA (SQ. FT.) 23 ,016 AVERAGE STORY HEIGHT 24 CLASS : Class C YEAR BUILT 2001 /2014 COST RANK Average EFFECTIVE AGE 13 HEATING AND COOLING Package unit ESTIMATED LIFE 40 UNITS COST TOTAL RCN BASIC STRUCTURE COS' 23 ,016 $83.76 $ 1 ,927 ,820 perimeter adjustment 0.94 wall height adjustment 1 .231 Current multiplier 1 .02 Local multiplier 0.98 Adjusted RCN Basic Cost $2,234,610 EXTRAS : Sq Ft Cost PSF Concrete estimate 3,936 $5.33 20 ,979 Asphalt estimate 36,350 $2 .36 85 ,786 Wood Balcony 436 $22 .75 9 ,919 Road Base estimate 30,000 $ 1 .91 57 ,300 TOTAL RCN $2 ,408 ,594 LESS DEPRECIATION PHYSICAL 10.8% $260, 128 RCN LESS DEPR. $2 , 148 ,466 ADD IN LAND VALUE $951 ,954 TOTAL VALUE $3,100,420 Rounded Value $3,100,000 Value PSF $ 134. 69 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 July 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 comparable sale were found that were similar use to the subject. These sales develop a range of $ 100 to $129 per square foot. For this analysis $ 115 per square foot seems appropriate. Total Value by Market Approach $2,646,840 $115 per sq. ft. - - Eaton Windsor © stand' n 34 Greeley agyp Loveland 34 Kersey Evans 87 • Campion 1`'l La Salle I Johnstown ii • Berthoud ll li Gilcrest ii Mead! Lyons ( 66) 7 Platteville • I. Longmont VI 119 ( Firestone Aristocrat Niwot Ranchettes �. Keenesburg ® Dacono Fort Lupton S2 ) , Hudson 6 ' 157 Subject h Eric S Boulder `J mile:, Microsoft' , - - 1 Virtual Earth' , zr aJ11uJutc.0 u. v ata:Ll/7 V411) 36 . Lafayette 7 Brighton Address City Property Info Sale Info 1111 Southgate Dr Windsor 19.022 SF General Retail/Auto Sold: $1 ,900.000 ($99.88/SF) Dealership 4040 Byrd Dr Loveland 27.303 SF General Retail/Auto Sold: $3.500.000 ($128. 19/SF) Dealership 2600 Center Dr M (liken 18.222 SF Heavy Equip Dealer Sold: $2,350,000 ($129/SF) 3761 Monarch St 23.016 SF General Subj ect Property Retail/Freestanding Copyrighted report licensed to Weld County Assessor's office- 611800. 7/24/2015 Page 1 1111 Southgate Dr KIA - Iron Mountain Autoplex Windsor, CO 80550 Auto Dealership Building of 19,022 SF Sold on 11/20/2012 for KIn $1,900,000 - Research Complete buyer 1 410 Partnership Lllp 11 irk �1��1a� 2262 S Queen St nal p �� $.+ Lakewood, CO 80227 �tit•r (303) 901 .6959 rP -r seller CP San Antonio RE Holdco LLC _ 401 S Old Woodward Ave Birmingham, MI 48009 COST'et vital data Escrow/Contract: 90 days Sale Price: $1 ,900,000 Sale Date: 11/2012012 Status: Confirmed Days on Market: 1 ,117 days Building SF: 19,022 SF Exchange: No Price/SF: $99.88 Conditions: Purchase By Tenant Pro Forma Cap Rate: - Land Area SF: 270,508 Actual Cap Rate: - Acres: 6.21 Down Pmnt: $140,000 $/SF Land Gross: $7.02 Pct Down: 7.4% Year Built, Age: 2009 Age: 3 Doc No: 3890529 Parking Spaces: 403 Trans Tax: $190 Parking Ratio: - Corner No FAR 0.07 Zoning: C-1 Lot Dimensions: - Percent Improved: - Frontage: 513 feet on Southgate Dr Submarket: Northern Colorado Ret 605 feet on CR 34 Tenancy: Single Map Page: - Comp ID: 2634679 Parcel No: - Property Type: Retail income expense data Listing Broker Cushman & Wakefield of Colorado 1050 17th St Denver, CO 80265 (303) 813-6400 Matthew Trone, Samuel Brenner Buyer Broker No Buyer Broker on Deal financing 1st Hyundai Cap America (Conventional) Bal/Pmt $1 ,760,000 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 u ' buyer =` .1 n 4 Mercedes-Benz 10391 Westminster Blvd _ Westminster, CO 80020 (303) 410-7800 seller FCA US, LLC i. 1000 Chrysler Dr • Auburn Hills, MI 48326 (248) 512-2950 vital data Escrow/Contract: 90 days Sale Price: $3,500,000 Sale Date: 62112012 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: - Comer. 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 e4pense 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) 353.6400 Thomas Mathews, Tom Bevans Scott Young Buyer Broker No Buyer Broker on Deal financing Date/Doc No: 6/10/2009 Sale Price: $6,687,500 Comp ID: 1717876 Copyrighted report licensed to Weld County Assessors Office- 611800. 7/24O015 Page 2 2600 Center Dr Milliken, CO 80543 Class B Warehouse Building of 18,222 SF Sold on 2/29/2012 for $2,800,000 - Research Complete Heavy Equipment Dealership buyer _ an William H. Blount, Jr. 5000 Vasquez Blvd - Denver, CO 80216 (303) 3555900 411 III - ` - seller Hall-Irwin Corporation 301 Centennial Dr Milliken, CO 80543 . (970) 587-7200 41111111 vital data Escrow/Contract: - Sale Price $2,350,000 Sale Date. 2/29/2012 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 E:irver Broker No Buyer Broker on Deal financing Copyrighted report licensed to Weld County Assessor's Office- 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. The comparable here is less than one mile from the subject on the east side of I-25. Total Value by Income Approach $3,600,000 $156 per sq. ft. MARKET INCOME WORKSHEET Parcel : 1 .46703E+11 Name: Complete Autodealership Address: 3761 Monarch St., Frederick Bldg Sq Ft Use 23,016 Complete Autodeali 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 23,016 $15.00 $28,770 $345,240 LessVacancy & Expenses Vacancy 15% $51 ,786 EGI $293,454 Expenses mgmt 5% $14,673 R/R 3% $8,804 Net Income $269,978 Net Income/Overall Cap Rate = Property Value Property Value Cap Rate + Eff Tax Rate 0.090 0.090 $2,999,752 Estimated Property Value rounded $3,000,000 Value psf $130.34 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 $2,720,396 or $ 118 per sq. ft., most accurately reflects the value of the subject's two properties in WELD County for the 2015 tax year. Cost Approach Market Approach Income Approach $3, 100,000 $2,646,840 $3,600,000 Assessor's Indicated Value COMMERCIAL $2,720.396 r f . NOTICE OF DETERMINATION RECEIVED Christopher M . Woodruff JUL 172015 Date of Notice : 6/30/2015 Weld County Assessor Telephone : ( 970) 353-3845 1400 N 17th Ave WELD COUNTY Fax : (970) 304-6433 Greeley , CO 80631 COMMISSIONERS Office Hours : 8 : 00AM - 5 : 00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R8928300 2015 3306 FRE 3GBP L4 BLK2 GLACIER BUSINESS PARK 3RD FG W WIDE OPEN REAL ESTATE LLC 3761 MONARCH ST 3761 MONARCH ST ° FREDERICK , CO 80516-9455 FREDERICK , CO 000000000 CC w a CC a ASSESSOR 'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 2 ,457. 158 2, 457, 158 TOTAL $2,457, 158 $2,457, 158 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 2015-2436 eca4J7 // 7 f\ ooqr 1 r APPM-IIKKgOUnitS 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.gov/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.) $ 1,800,000 (2 parcels) 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 aassessorraiid not) roper) consider the market,cost,or income ap proaches properly to value or aspects of the property in question. ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on any attac e t. 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 R8928300 8430997 ry NOTICE OF DETERMINATION RECEIVED Christopher M. Woodruff JUL 17 2015 Date of Notice: 6/30/2015 Weld County Assessor Telephone: (970) 353-3845 1400 N 17th Ave WELD COUNTY Fax: (970) 304-6433 Greeley, CO 80631 COMMISSIONERS Office Hours: 8:00AM- 5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/PHYSICAL LOCATION R8928400 2015 3306 FRE 3GBP L5 BLK2 GLACIER BUSINESS PARK 3RD FG W WIDE OPEN REAL ESTATE LLC 3761 MONARCH ST CI FREDERICK,CO 80516-9455 W a. O cc a. ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 263,238 263,238 TOTAL $263,238 $263,238 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 15-DPT-AR PR 207-08/13 R8928400 8431008 APPS ()Milan 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.) $ 1,800,000 (2 parcels) 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 appraisalnisot properly� p rly consider the market,cost,or income approaches to value or aspects of the property in question. ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on any attac 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 R8928400 8431008 • Property Tax Consultant-Agency Agreement Owner Address: 3761 Monarch St, Frederick, CO 80516 Property Address/Legal Description/Schedule#: See Attached exhibit A Consultant/Agent: Stevens&Associates Cost Reduction Specialists, Inc. Me Wide Open Real Estate 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 0-a.-1 day of August 2014. Agreed By: Wide Open Real Estate LLC By: Scott McMorris Title: Managing Member STATE OF nbCY.C) The foregoing instrument was acknowledged before me} ThisItt day ofi kU c Please Direct all correspondence/refunds to: Stevens&Associates/45inc. y , ; 9635 Maroon Cir, Suite 450 Witness •m n nd_p teA f, f Englewood, Colorado 80112 II my • ission expir "` f / 4*2., Ir ;•• tCt.,.:' tic CO' My Cprnmiaaion Expires al1512°15 II Exhibit A Wide Open Real Estate LLC 3761 Monarch St Weld County Parcel/Account# 146703111004/R8928300 Wide Open Real Estate LLC No Address Weld County Parcel/Account# 146703111005/R8928400 t-• f$ , kr_,11'f a "f 4 r`r Jy x`' J1,r'f.,f.f ,r` gy s r .. 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Weld County Board of Equalization P.O. Box 758 w" Greeley, CO 80632 r* ,r ° ItIIIIIfIII�I�III�IIIIIIII��IIIIIIIIllIlll'IIII'll"I""IIIIIII' �Jr ; f, GREELEY CO 80632-0758 j J cf '0,0-4.,` ° 4 t � ' y ' , ` "` USP'S CERTIFIED MAILT"' ��h��kk'" fivst �' F k't�r'�b�',t'.,��` '' ' ff ��'J r J fl'r�. fi { t :„; 4Pr" to '"f'k r. �h ,, 14, I0 y,�` 951�� 8000 2645 5196 0000 47 }�• p' * r 4 y¢' f 'rte..✓ J S ysY t.naA'' S"�iiF�3Y "'! 3"£ 6,F' ^4l''.S,Y „ Z/u J', , .C •••.,', ,7*,,'",., 'e' ,4fr°+ ir.',��;,z' ,,,:, f ,. y)4,.4-, ,,,,,,p,,,,,,-x" „J?s :,ff: ,:u "rtV fof,V, r7f0:,1, r, y J ,k,,,:4 ,1,,-'.', ',.- ,1' o Jrr:r O+�{�.' x +.r .'1tb . � '"s ff P{y„ r ,''`a a� ', P " ,>f ,,>''r,.,t ,' '{.4,` fir k`kJ, sso-,...,,,_. u,.,rMf '> ``,k+7rr,.a.V` a., nr.Y.k J ;s fr 'my " {r ay �, CLERK TO THE BOARD ��► N1861 / Assi PHONE ( 970 ) 336-7215 , EXT 4226 FAX ( 970 ) 352 -0242 WEBSITE : www . co . weld . co . us 1150 O STREET P . O . BOX 758 GREELEY CO 80632 Co July 23 , 2015 WIDE OPEN REAL ESTATE LLC 3761 MONARCH ST FREDERICKCO805169455 Account No . : See Attached Dear Petitioner( s ) : The Weld County Board of Equalization has set a date of July 30 , 2015 , at or about the hour of 3 : 30 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 WIDE OPEN REAL ESTATE LLC - Multiple Accounts Page 2 Please 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 dadasti &° sklize:4,4e, 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 WIDE OPEN REAL ESTATE LLC - Multiple Accounts Page 3 Accounts scheduled for this hearing : R8928300 R8928400 AS0091 Hello