HomeMy WebLinkAbout20141037.tiff BOARD OF ASSESSMENT APPEALS
STATE OF COLORADO
Docket Number 64483
Single County Schedule Number R8610200
STIPULATION(As To Abatement/Refund for Tax Year 2011 )
Mayo Properties LLC,
Petitioner(s),
vs.
Weld COUNTY BOARD OF EQUALIZATION,
Respondent.
Petitioner(s)and Respondent hereby enter into this Stipulation regarding the tax
year 2011 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:
I. The property subject to this Stipulation is described as:
100 Commerce Dr.,Johnstown
2. The subject property is classified as Commercial property(what type).
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2011:
Land $233,688.00
Improvements $1,521,974.00
Total $1,755,662.00
4. After a timely appeal to the Board of Equalization,the Board of Equalization
valued the subject property as follows:
Land $233,688.00
Improvements $1,521,975.00
Total $1,755,663.00
5. After further review and negotiation,Petitioner(s)and County Board of
Equalization agree to the following tax year 2011 actual value for the subject
property:
R8610200
p 1
eomnluruc a-t`�.a d et: v�},f1sl� l / .�Oi'-�-/037
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Land $233,688.00
Improvements $1,166,312.00
Total $1,400,000.00
6. The valuation, as established above, shall be binding only with respect to tax
year 2011.
7. Brief narrative as to why the reduction was made:
After review of market and income approach to value, an adjustment was
deemed neccasary.
8. Both parties agree that the hearing scheduled before the Board of Assessment
Appeals on January 12,2015 (date)at 8:30 AM(time)be vacated;or,a
hearing has not yet been scheduled before the Board of Assessment Appeals
(check if appropriate).
's November day of 19,2014.
"Petitions* or Agent Attorney (Assistant) County Attorney for
Respondent,Weld County Board of
Equalization
la y l7 ra C\ Address:
`I CN);‘)
1150 "O" Street
Ra P.O. Box 758
211N-cot- Greeley, CO 80632
Telephone:31D1--)-2") 'iCS,cy ephone:(970) 336-7235
�i�
County sessor
ff
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 353-3845 ext. 3697
Docket Number 64483
Stip-1.Frm
R8610200
2
BOARD OF ASSESSMENT APPEALS
STATE OF COLORADO
Docket Number 64483
Single County Schedule Number R8610200
STIPULATION(As To Abatement/Refund for Taz Year 2012)
Mayo Properties LLC,
Petitioner(s),
vs.
Weld COUNTY BOARD OF EQUALIZATION,
Respondent,
Petitioner(s)and Respondent hereby enter into this Stipulation regarding the tax
year 2012 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 property subject to this Stipulation is described as:
100 Commerce Dr.,Johnstown
2. The subject property is classified as Commercial property(what type).
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2012:
Land $233,688.00
Improvements $1,521,974.00
Total $1,755,662.00
4. After a timely appeal to the Board of Equalization,the Board of Equalization
valued the subject property as follows:
Land $233,688.00
Improvements $1,521,975.00
Total $1,755,663.00
5. After further review and negotiation,Petitioner(s)and County Board of
Equalization agree to the following tax year 2012 actual value for the subject
property:
R8610200
1
Land $233,688.00
Improvements $1,166,312.00
Total $1,400,000.00
6. The valuation, as established above, shall be binding only with respect to tax
year 2012.
7. Brief narrative as to why the reduction was made:
After review of market and income approach to value, an adjustment was
deemed neccasary.
8. Both parties agree that the hearing scheduled before the Board of Assessment
Appeals on January 12, 2015(date)at 8:30 AM(time)be vacated;or, a
hearing has not yet been scheduled before the Board of Assessment Appeals
(check if appropriate).
A ED( 's November day of 19, 2014.
(Petitioner s event o ttorn N (Assistant) County Attorney for
9 espondet,Wel County oard of
Equalization
A .e, j r Address:
_cool �f v 1150 "0" Street
Fso! P.O. Box 758
JJ Greeley, CO 80632
Telephone: 3/34) . ) )F( Telephone:(970) 336-7235
unty ssessor
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 353-3845 ext. 3697
Docket Number 64483
Stip-1.Frm
R8610200
2
RESOLUTION
RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND
OF TAXES - MAYO 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 April, 2014, at which meeting there
were present the following members: Chair Douglas Rademacher, and Commissioners
Sean P. Conway, Mike Freeman, William F. Garcia, and Barbara Kirkmeyer, and
WHEREAS, notice of such meeting and an opportunity to be present has been given to
the taxpayer and the Assessor of said County, with said Assessor, Christopher Woodruff, being
present, and taxpayer, Mayo 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, denied, and an abatement or refund be allowed as follows:
CORRECTION
TO ASSESSED ABATEMENT TAX
VALUATION OR REFUND YEAR
$0.00 $0.00 2011
$0.00 $0.00 2012
CC As ob)) Apo_ - via l+. ,
Arent - tftlou eva. incia
18 *PI
2014-1037
AS0087
TAX ABATEMENT PETITION - MAYO PROPERTIES, LLC
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 2nd day of April, A.D., 2014.
BOARD OF COUNTY COMMISSIONERS
ELD COUNTY, COLORADO
t/�
ATTEST: theist, ;� noKY �raw lw.bt ,
'-� DouglastRadema her, Chair ,
Weld County Clerk to the Board %
Sara Kirkmee9jer, Pro-Tmm
BY:
Dep. y Clerk to the Boar./ :; ;:43P �
P. Conway
APP D A M:
Mi e Fre
ou Attorney
W ' m
Date of signature: 4!la l -1
2014-1037
AS0087
•
•
PETITION FOR ABATEMENT OR REFUND OF TAXES County: Weld - Date Received o:O1.3 c��/[/�— ® / G�
(Use Assessor's or Commissioners'Date Stamp)
r „'
ss M 4
Section I: Petitioner,please complete Section I only. rvS �' t Jr y,,, •
x -zA nj ti
Date: October 2013
Month Day Year Petitioner's Name: Mayo Properties LLC OCT 2 9 20q B3
Petitioner's Mailing Address: 23226 County Road 1 WELD C: 7t,l",` ? 1s$EpB
Berthoud CO 80513
City or Town State Zip Code
SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDESS OR LEGAL DESCRIPTION OF PROPERTY
106103418001 /R8610200 100 Commerce Drive
Petitioner states that the taxes assessed against the above property for property tax year(s) 2011 and 201 2 (n
are incorrect for the following reasons:(Briefly describe the circumstances surrounding the incorrect value or tax. LLI Qi
Attach additional sheets if necessary.)
> 030
Petitioner's s O w
Pefleoner's estimate of value: $ 1,100,000 ( 2011 ) $ 1,100,000 ( 2012 )
Value Year 0 95
UJ
Petitioner requests an abatement or refund of the appropriate taxes. Cr
�Q
I declare,under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits
or statements,has been prepared or examinedy and to the best of my knowledge,information and belief,is true,correct,and
complete.
Daytime Phone Number(
Pen is s' n,tT..�tI/___.-.._
By I' Daytime Phone Number( 303 )347-1878
Agent's Si_'ature"
"Letter of agency must he attache, when petition is submitted by an agent.
If the board of county rommissio ers,pursuant to sael ion 39-10-114(1),or the property tax administrator,pursuant to section 39-2-116,denies
the petition for refund or abater eat octanes in whole or in part,the petitioner stay appeal to the board oraasessment appeals pursuant to the
provisions of section 39-2-125 within shiny days(tithe entry of any such decision,39-10-I145(1),C.R.S.
Section ssessor s ecommen a ion
(For Assessor's Use Only)
Tan year 2C)it 'fax year Zvl2.
Actual Assessed Tax Actual , Assessed Tax
Original tiliff64a let /yo yINj704.J/ original //M-442 Spy/1r 40/2,9 PO
Corrected 67sr,44z. cal/yo I49oy,// Corrected ',I8 442 al HP `i',4 24;54
Abate/Refund T Abate/Refund_- 4,411
❑Assessor recommends approval as outlined above.
No protest was filed for the year(S): (If a protest was filed,please attach a copy of the NOD.)
A Assessor recommends denial for the following reason(s): 14 ,key sa ✓ 1 •
Ass sods or"Depu sessor's ignalure
2014-1037
,
[E® Stevens & Associates
R ® Specialists in:Property Tax Reductions
Tuesday, October 29, 2013
Certified Number: 7012 1010 0001 0994 5446Weld County p
1400 N. 17th Ave
ssor s Office Ne m
Greeley, CO 80631
OCT2 9 2013
O ASSESSOR
Re: Abatements � COUNTY "'��'`
AU
GRUB;V, COL a.O
• Harman Management Investment
2413 8th Ave • White Peaks Property LLC
Schedule Number: 1650 Skyway Drive
096117303017 / R3531086 Schedule Number:
131308103008 / R7045998
• Mayo Properties LLC
100 Commerce Drive • 35th & 37th LLC
Schedule Number: No Address
106103418001 / R8610200 Schedule Number: See Attached
Dear County Assessor:
Enclosed are the signed Abatements for the above matters.
Should you have any questions, please feel free to contact me.
Sincerely,
Staci White
Real Estate Assistant
Stevens and Associates
staciw@stevensandassoc.com
Stevens &Associates Cost Reduction Specialists,Inc.
9635 Maroon Circle,Suite 450,Englewood,Colorado 80112
(303) 347-1878 •fax(303)347-9242
Property Tax Consultant-Agency Agreement
Owner Address:23226 County Road 1, Berthoud, CO 80513
Property Address/Legal Description/Schedule#:See Attached exhibit A
Consultant/Agent:Stevens&Associates Cost Reduction Specialists, Inc.
I/We Mayo Properties LLC, 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 well 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 q day of November 2012.
Agreed By:
Mayo Properties LLC
By: /1/07a
b./Pt(
avid ayo
Title: Manager&Member /Q J r f
STATE OF t
The foregoing instrument was acknowledged before me}
This`L day of j .F1.'nbir ,
Please Direct all correspondence/refunds to:
By: David Mayo
Stevens&Associates I Inc.
9800 Mt Pyramid Ct,Suite 220 Witness my hand and official seal.
Englewood,Colorado 80112 '/1
my commission expires: _
l
;407:4;6. ,Notary Sign ure
JAMELYNEa SCII*ELL
NOTARY PUBLIC
STATE OF COLORADO
NOTARY ID 20084021331
NY COMMON EXPIRES SEMENER 10.2016
•
Exhibit A
Mavo Properties LLC
100 Commerce Dr
Weld County parcel#
106103418001 /R8610200
Mayo Properties LLC
230 Commerce Dr
Weld County parcel#
1061034100011 R7537099
Mayo Properties LLC
No Address
Weld County parcel#
106103418002IR8610300
Mayo Properties LLC
No Address
Weld County parcel#
106103418003/R8610400
LIMITED SUMMARY
CONSULTING ASSIGNMENT
OF
Mayo Properties LLC
Industrial
100 Commerce Drive
Johnstown, 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 AUGUST 27, 2013
SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS
Property Location: 100 Commerce Drive
Johnstown, CO
Parcel Number: 106103418001
Schedule Number: R8610200
Land: 116,844 Square Feet or
2.68 Acres
Improvement Size: 21,173 Gross Square Feet
Year of Construction: 2007
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: $1,151,767
Reconciliation: $1,100,000
Date of Value: January 01, 2011 and 2012
INCOME PROFORMA
GROSS SQUARE FEET 21,173
NET RENTABLE AREA 21,173
ANNUAL NET REVENUE
RENTABLE AREA $7.00 $148,211
CAM $3.50 $74,106
$222,317
VACANCY ALLOWANCE (OF ANNUAL GROSS) 10% $22,232
ANNUAL EFFECTIVE GROSS REVENUE $200,085
MANAGEMENT FEE (OF EFFECTIVE GROSS) 3% $6,003
TOTAL $194,082
CAM LESS PROPERTY TAX& MANAGEMENT $39,103
OPERATING, MAINTENANCE AND RESERVES 10% $19,408
TOTAL $58,511
ANNUAL NET INCOME $135,571
TOTAL CAPITALIZATION RATE 11.77%
CAPITALIZED VALUE OF PROPERTY $1,151,767
INCOME APPROACH
LEASE COMPS
LEASE NUMBER LEASE 1 LEASE 2 LEASE 3
ADDRESS 3555 1739 1739
S Lincoln Ave S County Rd 13C S County Rd 13C
YOC 1993 1985 1986
LEASE DATE Aug-10 Sep-10 Sep-10
BASE RENT $4.55 $7.00 $7.00
BASIS NNN NNN NNN
LEASE SF 7,645 3,840 1,300
RENTABLE SF 15,247 5,112 1,300
S
CLERK TO THE BOARD
215, EXT. 5226
I 8 6 I - 2 0 I 1 PHONE: (970) 336FAX(970) 52-0242
1150 O STREET
P.O. BOX 758
GREELEY, COLORADO 80632
r
WELD_EOUNTY
March 12, 2014
Mayo Properties LLC
23226 CR 1
Berthoud, CO 80513
RE: SCHEDULE NUMBER 106103418001
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: 100 Commerce Drive Johnstown,
CO. The meeting is scheduled for April 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 deny your petition. You are not required to be
present at this hearing; however, this is your opportunity to have your position heard, especially
if Pp yourposition 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,
Rafaela A. Martinez
Deputy Clerk to the Board
cc: Assessor
Christopher Woodruff
4 '02 .9104
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
COUNTYl
April 16, 2014
Mayo Properties, LLC
23226 CR 1
Berthoud, CO 80513
RE: SCHEDULE NUMBER - R8610200
Dear Property Owner:
On April 2, 2014, the Board of Weld County Commissioners considered your petition for
abatement or refund of taxes and denied same.
Pursuant to Section 39-2-125(f), C.R.S., you have the right to appeal this decision to the State
Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and
instructions from:
Board of Assessment Appeals, Department of Local Affairs,
1313 Sherman Street, Room 315
Denver, CO 80203
Phone: 303-866-5880
In preparation for appealing to the State Board of Assessment Appeals you may also go to the
following state link to obtain any further information you may need to proceed,
http://www.dola.state.co.us/baa/i ndex.htm
Very truly yours,
Rafaela A. Martinez
Deputy Clerk to the Board
cc: Assessor
Stevens and Associates
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