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Home My WebLink About20142359.tiff 1861 CLERK TO THE BOARD PHONE (970) 336-7215, EXT O242 Tr FAX (970) 352-0242 WEBSITE: www.co.weld.co.us \ 1150 O STREET COUNTY P.O. BOX 758 GREELEY CO 80632 July 31, 2014 CEDARWOODS INVESTMENTS LLC 7251 W 20TH ST UNIT L200 GREELEY, CO 80634-4626 RE: THE BOARD OF EQUALIZATION 2014, WELD COUNTY COLORADO APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR ACCOUNT NO.: R6783956 Dear Petitioner: On July 29, 2014, the Board of County Commissioners of Weld County Colorado convened and acting as the Board of Equalization, pursuant to C.R.S. Section 39-8-101 et seq., considered your request to approve and adopt a valuation of your property arrived at by a Stipulation between you and the Weld County Assessor, for the year 2014. The Board of Equalization found that the evidence presented at the hearing supported the stipulated value placed upon the above-described property as set forth below. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated by law. ACTUAL VALUE AS STIPULATED VALUE DETERMINED BY ASSESSOR APPROVED BY BOARD $635,283.00 $587,100.00 The above 'Stipulated Value' is the value which will be used in the calculation of your property taxes for 2014. This value is not appealable. If you have questions concerning the above information, please call me at (970) 336-7215, Ext. 4226. Very truly yours, , Esther E. Gesick, Clerk to the Board Weld County Board of County Commissioners Cc: Christopher Woodruff, Weld County Assessor 2014-2359 AS0088 COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R6783956 STIPULATION(As To Tax Year_2014_Actual Value) RE PETITION OF : Cedarwoods Investments LLC NAME: Cedarwgods II Condos ADDRESS: 191464 Ave Greeley,CO Petitioner(s)and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2014 valuation of the subject property,and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner(s)and Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L5 CEDARWOODS MULTI FAMILY MINOR 2. The subject property is classified as Residential property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2014: Total $635,283.00 4. After further review and negotiation,Petitioner(s)and Weld County Assessor agree to the following tax year 2014 actual value for the subject property: Total $587,100.00 5. The valuation,as established above,shall be binding only with respect to tax year 2014. 6. Brief narrative as to why the reduction was made: Reduced site value to match account R6783958. 7. Both parties agree that: EThe hearing scheduled before the Board of Equalization on(Date)at (Time) be vacated. ®A hearing has not yet been scheduled before the Board of Equalization. \T//R6783956 1 2014-2359 DAT this 15 day of July,2014. Petition s) or gent or A mey (Ass 1dou ty AtUor ^ r Respondent, Id County Board of Commissioners Address: Address: 1150 "O" Street P.O. Box 758 Greeley, CO 80632 Telephone: Telephone:(970) 336-7235 qq ��Le/ Cou Assess if Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 Docket Number Stip-1.Frm R6783956 2 NOTICE OF DETERMINATION Christopher M. Woodruff Date of Notice: 6/27/2014 Weld County Assessor Telephone: (970) 353-3845 1400 N 17th Ave Fax: (970) 304-6433 Greeley, CO 80631 Office Hours: 8:00 AM - 5:00 PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/PHYSICAL LOCATION R6783956 2014 2874 L5 CEDARWOODS MULTI FAMILY MINOR 1914 64 AV w CEDARWOODS INVESTMENTS LLC GREELEY, CO 000000000 7251 W 20TH ST UNIT L200 o GREELEY,CO 806344626 C re a O 0 a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW RESIDENTIAL 635,283 635,283 TOTAL $635,283 $635,283 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: AL21 - It will be necessary to physically inspect the parcel. This will be as early as possible. Based upon information obtained during that inspection a decision will be made. 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. RECEIVED JUL 1 1 2D; COUNTY OMMISSIIONE S 15-DPT-AR PR 207-08/13 R6783956 19573 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 1400 N 17 AVE. 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 12, § 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, 2012? (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.) What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, appraisal, etc.) ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on any attachments hereto are true and complete. Signature Telephone Number Date Email Address ' Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/13 R6783956 19573 LARRY S. BUCKENDORF ATTORNEY AT LAW 7251 W. 20TH ST., BLDG. L, STE 200 • GREELEY,COLORADO 80634 • PHONE: (970) 339-8480 • FAX: (970) 339-8479 July 7,2014 RECEIVED JUL 11 2014 VIA First Class Mail Board of Equalization WELD COUNTY PO Box 758 COMMISSIONERS Greeley,CO 80522 RE: R6783953, R6783954,R6783955 R6783956, R6783957,R6783958 R6783959 and R6783960 Basis for Review: All eight apartment buildings are identical. Each building generates the same NOI and therefore should reflect the same assessed value. We are simply requesting that all eight properties reflect an assessed value of$587,100 each,consistent with account no.R6783958 Should you have any questions regarding the foregoing, please do not hesitate to contact me. Sincerely, Larry S Buckendorf Enclosure 65 0038 CONSENT TO ACTION OF THE MEMBERS AND MANAGER OF CEDARWOODS INVESTMENTS,LLC A COLORADO LIMITED LIABILITY COMPANY Pursuant to the provisions of the Colorado Limited Liability Company Act, the following action is taken by the Members and Manager of Cedarwoods Investments,LLC. WHEREAS, it is the desire of the Members and Manager of the Company to authorize and define the actual signatory authority of the following individuals for and on behalf of and in the name of the Company to execute and deliver various document,therefore; BE IT RESOLVED, that JLD Holdings, LLC and/or LB Holdings, LLC and/or Jeff Demaske and/or Larry S. Buckendorf, each in its/their single or individual capacity, is authorized for and on behalf of and in the name of the Company to execute and deliver any and all documents deemed necessary, required and associated with a sale and purchase of real estate,financing documentation closing documents including, but not limited to, any of the following instruments; contracts of purchase or sale, warranty deeds, deeds,deeds of trust, mortgages, promissory notes, assumption documents, transfer of escrow funds and insurance policies, closing and settlement statements and all other documents relative thereto. BE IT FURTHER RESOLVED, that any and all acts authorized pursuant to this Resolution are hereby ratified and approved and that this Resolution shall remain at full force and effect and a title company or lender may rely on such Resolution until written notice of its revocation shall have been delivered to and received by any such entity. Any such notice shall not affect any of the Company's agreements or commitments in affect at the time notice is given or in affect at the time this Resolution was ratified and approved. IN WITNESS WHEREOF, the undersigned, constituting the Members and Manager of the Company has executed this Consent to Action of the Members and Manager on the date set forth after its respective name. RECEIVED JLD Holdings,LLC a Colorado limited liability company JUL 1 1 2014 WELD COUNTY_ By: J Demaske Date Its: Member/Manager LB Holdings,LLC a Colorado limited liability company By: /Z— Larry S.Bu en Date Its: Me er/Manager 3972099 Pages: 1 of 1 10/21/2013 12:03 PM R Fee:$11.00 Steve Moreno, Clerk and Recorder Weld County, CO After Recording Return to: ,III �1 ilFl 1II�II"I■ [lr� IIII � I ,IIII Cederwoods lnveftrnene,LLC 7251 west 2<Y'Street Building L.Suite 200 Greeley,CO 50634 STATEMENT OF AUTHORITY Pursuant to C.R.S. §38-30-172, the undersigned hereby executes this Statement of Authority on behalf of Cedarwoods Investments,LLC,a Colorado limited liability company an entity other than an individual,capable of holding title to real property(the"Entity"),and states as follows: The name of the Entity Is: Cedarwoods Investments, LLC The Entity Is a: Colorado limited liability company (state type of entity and state,country or other government authority under whose laws such entity was formed) The mailing address for the Entity is: 7251 West 20L SEreet,_Buildine L Suite 200,Greeley.CO 80634 The name or position of the person(s) authorized to execute instruments conveying, encumbering,or otherwise affecting title to real property on behalf of the Entity is: Members: JLD Holdings, LLC, and/or LB Holdings, LLC and/or Jeff Demaske and/or Larry S. Buckendorf, each in its/their single or individual capacity The limitations upon the authority of the person named above or holding the position described above to bind the Entity are as follows: None (If no limitations Insert"NONE") Other matters concerning the mariner in which the Entity deals with any interest in real property are: (if no matters,leave this section blank) EXECUTED this October 15,2013 BUYER; RECEIVED • JUL 1 1 204,4 Cedarwoo nvestmen , y: WELD COUNTY COMMISSIONERS STATE OF COLORADO 55: COUNTY OF Weld The foregoing instrument was acknowledged e before me this i'''L acx,r � 4 , 13 by LLB(N.V S. �v-L t Cf' on behalf of Cedarwoods irreettments,LLC Witness my hand and official seal. My commission expires: L`2 t-zC\4' • ZIEG :140TAR Y •• • s� IC ;.PUBL :o0 4r11OF COU'''P Hello