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Home My WebLink About20141647.tiff RESOLUTION RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND OF TAXES- LONGS PEAK EQUIPMENT PROPERTIES, LLC WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 2nd day of June, 2014, at which meeting there were present the following members: Chair Pro-Tem Barbara Kirkmeyer, Commissioners Mike Freeman, William Garcia, and Sean Conway (by phone) WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, with said Assessor, Christopher Woodruff, being present, and taxpayer, Longs Peak Equipment Properties, LLC, not being present, and WHEREAS, the Board of County Commissioners has carefully considered the attached petition, and is fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the Assessor and the petition be and hereby is, partially approved, and an abatement or refund be allowed as follows: CORRECTION TO ASSESSED ABATEMENT TAX VALUATION OR REFUND YEAR $0.00 $0.00 2011 $591,161.00 $1,861.87 2012 CC Nsg-t sw,bk>Yl9 CC : PrsR ITW, bk efuchttaAWL. Via -' Lo - 27 - 2014 2014-1647 AS0087 TAX ABATEMENT PETITION - LONGS PEAK EQUIPMENT PROPERTIES, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 2nd day of June, A.D., 2014. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: EXCUSED �j�`,f,,,) ;e1 Douglas Rademacher, Chair Weld County Clerk to the Board • Barbara Kirkmey r, Pro-Tem BY: D p y Clerk to the Board EXCUSED Sean P. Conway APP D P M: Mike Fr Fre= a 1 unty Attorney • iam . Garcia elaw%Date of signature: ! Oki ,AN'j L_I a\ I ISM tiStAsp `®� •J \ � 2014-1647 AS0087 STATE OF COLORADO John W. Hickenlooper, Governor 1 ;' co ;; Department of Local Affairs Reeves Brown,Executive Director ARpp ,\O Division of Property Taxation ERN TARP RECEIVED JoAnn Groff,Property Tax Administrator JUL 0 8 2014 WELD COUNTY COMMISSIONERS July 1, 2014 Weld County Clerk 1402 N. 17th Ave. Greeley, CO 80631 Dear Clerk and Recorder of Weld County: Enclosed please find a summary of the abatement petition which you forwarded to us in June 2014. All petitions for more than $10,000 are approved for tax years 2012 and 2013. All others are outside our jurisdiction. If you have any questions feel free to call or email me at 303-864-7777, or sharon.boyd@state.co. Sincerely, Sharon Boyd *jYt s. ad 1313 Sherman,Room 419,Denver,CO 80203,(303)864-7777 htto://dola.colorado.gov FAX(303)864-7799 TDD(303)864-7758 I�� Strengthening Colorado Communities kW' F . 020/3- O 555 t fir_ PETITION FOR ABATEMENT OR REFUND OF TAXES DEC 2013 County: Weld Date Received (c"Assessor:orc mtml S'i;E83OR r_ Section I: Petitioner,please complete Section I only. Date: December2013 RECEIVED Month Day Scar Petitioner's Name: Longs Peak Equipment Properties LLC MAY 0 6 2014 Petitioner's Mailing Address: 3780 E 15th Street, Suite 102 WELD COUNTY • Loveland CO 80538 COMMISSIONERS Cin or I oun State Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDESS OR LEGAL DESCRIPTION OF PROPERTY 120726200023 / R5237408 4322 66 Hwy Petitioner states that the taxes assessed against the above property for property tax year(s) 2011 and 2012 are incorrect for the following reasons:(Briefly describe the circumstances surrounding the incorrect value or tax. Attach additional sheets if necessary.) • Petitioner's estimate of value: s 1,600,000 _( 2011 ) s 1,600,000 ( 2012 ) Value Yea, Petitioner requests an abatement or refund of the appropriate taxes. I declare,under penalty of perjury in the second degree.that this petition.together with any accompanying exhibits or statements,has been prepared or examined h me.and to the best of my knowledge,information and belief,is true.correct.and complete. Daytime Phone Number( ) P Otto er'.Si- atu�r /—_ - _- J . A Daytime Phone Number( ';03 )347-1878 genes Si Finn. i /'Letter of agency must be attached When petiiio is submitted by an agent. If the board of county comnmssiongrs,pursuant to section 19-10-I 1411),or the property tax administrator.pursuant to section 39-'-110,denies the petition for refund or abatement of taxes in whale or in part,the petitioner may appeal to the board of assessment appeals pursuant to the provisions or section 01.2-1,3 within thin days of the envy of any such decision,39-10-114 St t he R S. Section II: Assessor's Recommendation (For Assessor's Ilse Only, Tax year °it Tax year Z()I Z Actual Assessed Tax Actual td Tax Original 2,NI/ ozf 4/0/4o T/9:4.p. q/ original clef"a p 410 4' 7'1v.y a 5 • corrected 2,19 04 4.( /4o a9,f3a•y/ corrected ) aJYytt al,/61 s`}.9Jz,5 O MY 4/ Abate/Refund y Abate/Refund 65,bir )y,59 f / 8/P 1,f 7 '* r De/l iq/: to Ii denyj'� /174rAct t -p- t4/ue q'd Zo/Z "its! 4leis dam,ea reeiLte.i to so Ave ✓pAe ss Aessor recommends approv3f as outlined above. t ./ No protest was filed for the year(S): /If /2- (Ifa protest was p e atta a copy of the NOD) Assessor recommends denial for the following reason(s): 2/f , / Assessor's or Depot A essor s Signatuurrev/ ,J/) V 1� Property Tax Consultant-Agency Agreement Owner Address: 3780 E 15th St, Ste 102, Loveland,CO 80538 Property Address/Legal Description/Schedule#: See Attached exhibit A Consultant/Agent:Stevens&Associates Cost Reduction Specialists, Inc. • I/We Longs Peak Equipment Properties LLC, Spring Creek Building D LLC, McKee Office Suites,subsidiaries, parent companies and all affiliated companies agree with Stevens&Associates Cost Reduction Specialists, Inc.that for the property tax assessment years 2013, 2014 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 web as the State Tax Review Board or for any hearing pertinent to the property for the property tax assessment years 2013, 2014 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 3 CJ day of October 2012. Agreed By: Longs Pe k Equipment Properties LW, Spring Creek Building D LLC, McKee Office Suites By: David P. Lamb Title: Manager&Member • STATE OF l ( .J_ The forggoing Instrument was acknowledged before me} This gill day of UN-trial) Li ,!Q/7 Please Direct all correspondence/refunds to: By: David P.Lamb Stevens&Associates/Inc. 9800 Mt Pyramid Ct,Suite 220 1/4 Englewood, Witness my hand and official seal. Englewood,Colorado 80112 \��$$`‘Ot./,1NG,1 "o�� ry r„ �yLr my commission expires: /I'- a O' 1 sP.S1 `:actwi 'm QV�\) O Notary Pubic Notary Signature ^h 'NY Commk*'° • • Exhibit A Longs Peak Equipment Properties LLC 4322 66 Hv ' Weld County Parcel/Account# 120726200023/R5237408 Spring Creek Building D LLC 2001 S Shields St D2 Latimer County Parcel I Schedule# 97221-67-002/R1629740 McKee Office Suites 2033 N Boise Ave Latimer County Parcel/Schedule# 85073-56-003/R1197037 LIMITED SUMMARY CONSULTING ASSIGNMENT OF Longs Peak Equipment Properties LLC Industrial 4322 66 Hwy Mead, Colorado WELD COUNTY PREPARED BY Stevens & Associates/Inc. DATE OF VALUE JANUARY 01, 2011 and 2012 BASE PERIOD ENDING JUNE 30, 2010 DATE OF REPORT OCTOBER 31, 2013 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS Property Location: 4322 66 Hwy Mead, CO Parcel Number: 120726200023 Schedule Number: R5237408 Land: 580,655 Feet or 13.33 Acres Improvement Size: 47,314 Gross Square Feet Year of Construction: 1972 Highest and Best Use: For ad valorem tax purposes in Colorado the highest and best use of the subject is its current use. Cost Approach: N/A Sales Comparison Approach: N/A Income Approach: $1,654,780 Reconciliation: $1,600,000 Date of Value: January 01, 2011 and 2012 INCOME PROFORMA GROSS SQUARE FEET 47,314 NET RENTABLE AREA 47,314 ANNUAL NET REVENUE RENTABLE AREA $4.50 $212,913 CAM $2.25 $106,457 $319,370 VACANCY ALLOWANCE (OF ANNUAL GROSS) 10% $31,937 ANNUAL EFFECTIVE GROSS REVENUE $287,433 MANAGEMENT FEE (OF EFFECTIVE GROSS) 3% $8,623 TOTAL $278,810 CAM LESS PROPERTY TAX& MANAGEMENT $50,834 OPERATING, MAINTENANCE AND RESERVES 10% $27,881 TOTAL $78,714 ANNUAL NET INCOME $200,095 TOTAL CAPITALIZATION RATE 12.09% CAPITALIZED VALUE OF PROPERTY $1,654,780 INCOME APPROACH LEASE COMPS LEASE NUMBER LEASE 1 PROPERTY TYPE Industrial CLASS B ADDRESS 4005 -4009 N Valley Dr YOC 1998 LEASE DATE May-10 BASE RENT $4.51 BASIS NNN N LEASE SF 6,051 RENTABLE SF 29,080 M© Stevens & Associates R © Specialists in: Property Tax Reductions Tuesday, December 10, 2013 Certified Number: 7011 0110 0002 4581 6658 Weld County Assessor's Office 1400 N. 17th Ave Greeley, CO 80631 Re: Abatement • Longs Peak Equipment Properties LLC 4322 66 Hwy Schedule Number: 120726200023 / R5237408 Dear County Assessor: Enclosed is the signed Abatement for the above matters. Should you have any questions, please feel free to contact me. Sincerely, k q Staci White Real Estate Assistant Stevens and Associates staciw@stevensandassoc.com 'wx DEL, 2n`13 WELDcC . A3)ESSOF Stevens &Associates Cost Reduction Specialists,Inc. 9635 Maroon Circle, Suite 450.Englewood.Colorado 80112 (303) 347-1878 •fax(303) 347-9242 CLERK TO THE BOARD PHONE: (970) 336-7215, EXT. 5226 1861 FAX: (970) 352-0242 1150 O STREET P.O. BOX 758 GREELEY, COLORADO 80632 V�� OUNTY '. May 6, 2014 Longs Peak Equipment Properties LLC 3780 E. 15th Street, Suite 102 Loveland, CO 80538 RE: SCHEDULE NUMBER R5237408 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: 4322 HWY 66. The meeting is scheduled for June 2, 2014, at 9:00 a.m., in the Chambers of the Board of County Commissioners of Weld County, Colorado, Weld County Administration Building, 1150 O Street, Assembly Room, Greeley, Colorado 80631, The Assessor is recommending that the Board partially approve your petition. You are not required to be present at this hearing; however, this is your opportunity to have your position heard, especially if your position is opposed to the Assessor's recommendation. If you intend to submit any documentation in support of your position for this hearing, all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearing. If you have any questions concerning this matter, please do not hesitate to contact me at (970) 336-7215, Extension 5226. Sincerely, Maitirkit Rafaela A. Martinez Deputy Clerk to the Board cc: Assessor Stevens & Associates 2014-1647 CLERK TO THE BOARD PHONE: (970) 336-7215, Ext. 5226 1061 FAX: (970) 352-0242 1150 O STREET r �■ P.O. BOX 758 GREELEY, COLORADO 80632 COUNTY June 27, 2014 Longs Peak Equipment Properties 3780 E. 15th Street Suite 102 Loveland, CO 80538 RE: SCHEDULE NUMBER: R5237408 Dear Property Owner: On June 2, 2014, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and approved, in part/denied in part. Pursuant to Section 39-2-125(f), C.R.S., you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from: Board of Assessment Appeals, Department of Local Affairs, 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 In preparation for appealing to the State Board of Assessment Appeals you may also go to the following state link to obtain any further information you may need to proceed, http://www.dola.state.co.us/baa/index.htm Very truly yours, -46°1/411(k- 694& &M Rafaela A. Martinez Deputy Clerk to the Board cc: Assessor RM/eg U.S. Postal ServiceTM ma- CERTIFIED MAIL,. RECEIPT u'I (Domestic Mail Only;No Insurance Coverage Provided) o- F r•elivery iM rmatl n visit•ur websbe at www.ua•s.come 43 0 r Postage $ Ill 11107 0 Certified Fee 0 Postmark 0 Return Receipt Fee - Here (Endorsementcept Required) Restricted Delivery Fee u -F.1 (Endorsement Required) C RI Total Postage 8 Fees S . 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U- CERTIFIED MAILTM RECEIPT in .n (Domestic Mall Only;No Insurance Coverage Provided) o, F•r•elivery inf rmati nvisit ur we•site at www.us•s. • O ui Postage $ 1.0 oCertified Fee in 0 Postmark 0 Receipt Fee Here (Endorsement R ceipt Fee u Restricted Delivery Fee - O (Endorsement Required) rD RJ C Total Postage&Fees $ l il O Sent To � . o O Lt/JAiOn U-SI�- q I. N Street,A No.; '#) or PO Box No. �• 15��t�-, GpJ�l ' -i City.State,ZIP+4 S F•rm3't r.June2 I, See everse f.r lnstructi ns SENsE': C•M•LETE THIS SECTION C• •N •N DEUVERY • Complete hems 1,2,and 3.Also complete A -' - re hem 4 if Restricted Delivery is desired. 0-1 O Agent ■ Print your name and address on the reverse O Addressee so that we can return the card to you. B. ace by(Print Name) C. Date of Delivery ■ Attach this card to the back of the mailpiece, .J pC.l n • �— or on the front if space permits. \ t'C D. Is delivery address different from an 1? ❑Yes 1, Article Addressed to: If YES,enter delivery address below: O No • stony WoJe equipment -Prop-e.r-tics 378 0 f.I54±'Sfreu- 3. Service Type Scti,h. /02 g Certified Mall O Express Mall Lp uel and, 2 8063 p O Registered O Return Receipt for Merchandise O Insured Mall O C.O.D. 4. Restricted Delivery?(Extra Fee) O Yes 2. Article Number 7004 2890 0003 5708 9592 (fiarieler from service Sat. PS Form 3811,February 2004 Domestic Return Receipt 102595-02-M-1540 V - SENPE•: CeM•LETE THIS SECTreN c?. ETE rros seerr•N •N DEUVERY • Complete hems 1,2,and 3.Also complete A. 'ordure hem 4 If Restricted Delivery Is desired. X O Agent IN Print your name and address on the reverse O Addressee so that we can return the card to you. B. Received by(Printed Name) C. Date of Delivery • Attach this card to the back of the mailpiece, or on the front if space permits. D. Is delivery= Rr—e hem 1? ❑Yes 1. 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SEN�E': CaM•LETETHISSECTI•N C•M'LE7ETHISSECTI•N •N •ELIVE•V • Complete items 1,2,and 3.Also complete A Item 4 If Restricted Delivery is desired. . — ❑Agent • Print your name and address on the reverse ` ❑Addressee so that we can return the card to you. _ _ by i ) rate of Delivery • Attach this card to the back of the mailpiece,. or on the front if space permits. • _. � �' 'l D. Is delivery address different from Item 1? O Yes 1. Article Addressed to: If YES,enter delivery address below: O No 54.t,)pns nrld ASsoc.la CS (f•r71v. ‘1:)a/+d .R. Lan-a q e35 (t'la✓oon Ct.cte g 4CC 3. Service lype ®Certified Mall O Express Mall e().(y(p.W0041 CO $(5112 O Registered ❑Return Receipt for Merchandise 0 O Insured Mall 0 C.O.D. 4. Restricted Delivery?(Extra Fee) O Yes 2. Article Number 7004 2890 0003 5708 9974 (Transfer from service lapel) PS Form 3811,February 2004 Domestic Return Receipt 102595-02-M-15W Hello