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Home My WebLink About20140801.tiff BOARD OF ASSESSMENT APPEALS STATE OF COLORADO Docket Number 64484 Single County Schedule Number R7045998 STIPULATION(As To Abatement/Refund for Tax Year 2011 ) White Peaks Property 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: 1. The property subject to this Stipulation is described as: 1650 Skyway Dr.,Weld County 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 $206,371.00 Improvements $866,129.00 Total $1,072,500.00 4. After a timely appeal to the Board of Equalization,the Board of Equalization valued the subject property as follows: Land $206,371.00 Improvements $866,129.00 Total $1,072,500.00 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: R7045998 1 cmmwuie. zo,q_ 12-15-14-1 ce CKl,�ls�t �7/? As C0 gl Land $206,371.00 Improvements $783,629.00 Total $990,000.00 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 13, 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). ATE t is November day of 19, 2014. ity ioner( � or Age nt (Assistant) County Attorney for or Attorney Respondent, Weld County Board of Equalization sk- � Address: �' 11-sc . 1150 "O" Street \I(.1 -k- ,),,cc� X1)2 P.O. Box 758 J Greeley, CO 80632 Telephone:3h in -Ja) 2 7ie one:(970) 336-7235 County A essl ' I ifAddress: 1400 N,17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 Docket Number 64483 Stip-1.Frm R7045998 2 BOARD OF ASSESSMENT APPEALS STATE OF COLORADO Docket Number 64484 Single County Schedule Number R7045998 STIPULATION(As To Abatement/Refund for Tax Year 2012) White Peaks Property 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: 1650 Skyway Dr., Weld County 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 $206,371.00 Improvements $866,129.00 Total $1,072,500.00 4. After a timely appeal to the Board of Equalization,the Board of Equalization valued the subject property as follows: Land $206,371.00 Improvements $866,129.00 Total $1,072,500.00 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: R7045998 1 Land $206,371.00 Improvements S783,629.00 Total $990,000.00 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 bcfore the Board of Assessment Appeals on January 13, 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). DATED this November day of 19,2014. 9 Petitioners or Agent or Attorney (Assistant) County Attorney for Respondent, Weld County Board of Equalization drys ,: i-�!R O� y �, Address: � � �� 1150 "O" Street E14 (� �} J/1 P.O. Box 758 ` Greeley, CO 80632 Telephone: 3 ,4 Y 7 - /C-)g? Telephone:(970) 336-7235 7;041 County Assess r Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 Docket Number 64483 Stip-1.Frm R7045998 2 RESOLUTION RE: ACTION OF THE BOARD CONCERNING PETITION FOR ABATEMENT OR REFUND OF TAXES -WHITE PEAKS PROPERTY, 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 17th day of March, 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, White Peaks Property, 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 4 z W 2014-0801 AS0087 TAX ABATEMENT PETITION -WHITE PEAKS PROPERTY, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 17th day of March, A.D., 2014. BOARD OF COUNTY COMMISSIONERS ` WELD COUNTY, COLORADO ��jj ATTEST: G,dorev 6�. , / %(A II u R d c15 ougla a era ,er, Chair Weld County Clerk to the BoardLaic- ' / ) ' ' ��`� �_ /*►� �1�-arbara Kirkrne r, Pro-Ter BY: ( ( ,t. ♦ .� t rlt s C�! ty Clerk to the B .,ean P. Conway C— APED ' - t! G M: Mike Free n grney (/( William . Garcia /Date of signature: IF-/•/i 2014-0801 AS0087 PETITION FOR ABATEMENT OR REFUND OF TAXES County: Weld Date Received o/3-®177 (Use Assessor's or Commissioners'Date Stamp) Section I: Petitioner,please complete Section I only. i 4. .� Date: October 2013 � Month Day Year Petitioner's Name: White Peaks Property LLC 1650 Skyway T 9 2Q13 Drive Petitioner's Mailing Address: Dri ` . WELD sPSSO DO Longmont CO 80504 L 4 'A" J City or Town State Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDESS OR LEGAL DESCRIPTION OF PROPERTY 131308103008 /R7045998 1650 Skyway Drive 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.) W zw Petitioner's estimate of value: $ 440,000 ( 2011 ) S 440,000 ( 2012 ) > cssi Value Year e2 Ow d V Petitioner requests an abatement or refund of the appropriate taxes. 0 CM Lai Cl I declare,under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits •d LL' wg or statements,has been prepared or examined by me,and to the best of my knowledge,information and belief,is true,correct,and Cr „ complete. Daytime Phone Number( ti ne Mil "-By — )aytime Phone Number( 303 )347-1878 Agent's Si ware* W' "Rater roragency stoat be atlnehe iThen'milli n rsso milled by an agent. lithe board of county commissio ers,pursuant to section 39-10-114(1),or the property tax administrator,pursuant to section 39-2-1 It,denies the petition for refund or abatep ant of taxes in whole or in pan,the petitioner may appeal to the board of assessment appeals pursuant to the provisions of section 39-2-12Ywithin thirty days orthe entry of any such decision,39-10-I14.5(tl,C.RS. ec ion : ssessor s ecommen a ion (For Assessor's Use Only) Tax year toll Tax year Zo/2 Actual Assessed 'tax Actual Assessed Tax Original /of2,So° ,a4,aza 5z75'.3� Original j0-?44a' y so/yv Z� iJzj j Corrected sU4 /VA Corrected 61101 ,v• Abate/Refund fU Abate/Refund `/�a%• (.,J ❑Assessor recommends approval as outlined above. m /,� Rr�(' No protest was filed for the year(S): (If a protest was filed,please attach a copy of the NOD.) ,t 1 Assessor recommends denial for the following reason(s): V4 r "lire 1- e Weld Assess or Deputy As essor' ignature • 2014-0801 ' ® Stevens & Associates R ® Specialists in:Property Tax Reductions Tuesday, October 29, 2013 Certified Number: 7012 1010 0001 0994 5446 Weld County Assessor's Office to,t yo x C`3 1400 N. 17th Ave k Greeley, CO 80631 OCT2 9 2013 Re: Abatements ��war, OC„ Ty AS$ESSOR • 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, JJt 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 9783 Carr Cr, Westminster,CO 80021 Property Address/Legal Description/Schedule# See Attached exhibit A Consultant/Agent Stevens&Associates Cost Reduction Specialists. Inc Me White Peaks Property I.LC, subsidiaries.parent companies and all affiliated companies agree with Stevens& Associates Cost Reduction Specialists, Inc. that for the property lax 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 ad 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 end 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 heanngs pertinent to the property i,fyt `S7�t Thus done and executed on this ' day of Oei cr 2012 Agreed By. White Peaks Property LLC By: � r Jonet n Gelston .2 Titie a>aoer&Member J M STATE OF i - J The f-, oinp i, - 44f�inent was acknowiedaed before me} rh'3 .day at rF;f� .,_1. Please Direct ail correspondence/refunds to Stevens&Associates/Inc By. Jonathan G9ls�on, _._ 9835 Maroon Cur Suite 450 Witness my hand end offidaf seal. Englewood,Colorado 80112 my commission expires: ___ a(-p Q90}�_______ __ Nacarr r'uoli; tow/ .9r-!in 1:C:::) MONICA SHANK NOTARY PUBLIC STATE OF COLORADO MY COMM.EXR 02/26/2076 • Exhibit A White Peaks Property LLC 1650 Skyway Dr Weld County Parcel!Account* 1313081030081 87045998 LIMITED SUMMARY CONSULTING ASSIGNMENT OF White Peaks Property LLC Industrial 1650 Skyway Drive Longmont, 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: 1650 Skyway Drive Longmont, CO Parcel Number: 131308103008 Schedule Number: R7045998 Land: 58,963 Square Feet or 1.35 Acres Improvement Size: 16,500 Gross Square Feet Year of Construction: 1998 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: $445,954 Reconciliation: $440,000 Date of Value: January 01, 2011 and 2012 YC i INCOME PROFORMA GROSS SQUARE FEET 16,500 NET RENTABLE AREA 16,500 ANNUAL NET REVENUE RENTABLE AREA $3.50 $57,750 CAM $1.75 $28,875 $86,625 VACANCY ALLOWANCE(OF ANNUAL GROSS) 10% $8,663 ANNUAL EFFECTIVE GROSS REVENUE $77,963 MANAGEMENT FEE(OF EFFECTIVE GROSS) 3% $2,339 TOTAL $75,624 CAM LESS PROPERTY TAX&MANAGEMENT $15,536 OPERATING, MAINTENANCE AND RESERVES 10% $7,562 TOTAL $23,098 ANNUAL NET INCOME $52,525 TOTAL CAPITALIZATION RATE 11.78% CAPITALIZED VALUE OF PROPERTY $445,954 INCOME APPROACH LEASE COMPS LEASE NUMBER LEASE 1 ADDRESS 1001 Delaware Ave YOC 1980 LEASE DATE Oct-10 BASE RENT $3.50 BASIS NNN N LEASE SF 7,633 RENTABLE SF 7,633 CLERK TO THE BOARD 1 8 6 1 - 2 0 1 1 PHONE: (970) 336-7215, EXT. 5226 FAX: (970) 352-0242 1150 O STREET P.O. BOX 758 GREELEY, COLORADO 80632 IELD,COUNTY February 24, 2014 White Peaks Property LLC 1650 Skyway Drive Longmont, CO 80504 RE: SCHEDULE NUMBER R7045998 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: 1650 Skyway Drive. The meeting is scheduled for Monday March 17, 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 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, Qf Oaldin Rafaela A. Martinez Deputy Clerk to the Board cc: Assessor Christopher Woodruff 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 OUNTY April 2, 2014 White Peaks Property, LLC 1650 Skyway Drive Longmont, CO 80504 RE: SCHEDULE NUMBER R7045998 Dear Property Owner: On March 17, 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/index.htm Very truly yours, Rafaela A. Martinez Deputy Clerk to the Board cc: Assessor RM/eg U.S. Postal Service. ni CERTIFIED MAIL. 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