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File #:
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22-310
Version:
1
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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5/24/2022
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Final action:
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5/24/2022
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Title:
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Approval of BAA Stipulations
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To: Board of County Commissioners
Through: Ronald A. Carl, County Attorney, County Attorney
Prepared By:
prepared
Gina Garran, Paralegal, County Attorney
end
Subject:
title
Approval of BAA Stipulations
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Purpose and Request:
recommended action
The purpose of this request is for the adoption of a resolution approving the Board of Assessment Appeals (BAA) stipulations listed below.
end
Background and Discussion: These stipulations are a result of agreements reached between the taxpayers and the County regarding a reduction in the amount of property tax owed, settling tax protests filed with the BAA. The following BAA docket numbers have been stipulated to for the tax years indicated below.
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Tax Years |
Docket# |
Property Owner |
Property Address |
Reason |
Current Value |
Stipulated Value |
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2021/2022 |
2021BAA39 |
Patricia Elliot |
6560 East Berry Avenue |
1. |
$2,990,000 |
$2,073,500 |
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2021/2022 |
2021BAA1910 |
WPC-Inverness LLC |
109 Inverness Drive East |
2. |
$11,383,000 |
$10,233,000 |
|
2021 |
2021BAA2043 |
Town Center At Aurora LLC |
14200 East Alameda Avenue |
4. |
$82,727,500 |
$80,427,991 |
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2021/2022 |
2021BAA2084 |
Quentin Street Partners LP |
6982 South Quentin Street |
3. |
$5,996,000 |
$5,660,000 |
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2021/2022 |
2021BAA2097 |
MMR Construction Inc |
14250 East Easter Place |
3. |
$1,610,000 |
$1,500,000 |
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2021/2022 |
2021BAA2406 |
Broadridge Shopping Center LLC |
6901 South Broadway |
3. |
$9,939,990 |
$9,460,890 |
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2021/2022 |
2021BAA2415 |
Landmark SPE LLC |
5390 Greenwood Plaza Blvd, 5400 Landmark Place, 5425 Landmark Place, 5455 Landmark Place 1 and 7600 Landmark Way |
3. |
$31,886,940 |
$27,001,765 |
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2021/2022 |
2021BAA2434 |
Echostar Real Estate Corporation II |
100 Inverness Terrace East |
3. |
$6,165,000 |
$5,900,000 |
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2021/2022 |
2021BAA2437 |
Fukunaga & Fukunaga LLC |
11234 East Caley Avenue |
3. |
$2,703,000 |
$2,530,000 |
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2021/2022 |
2021BAA2440 |
Jason 3638 LLC |
3640 South Jason Street #S A-D |
3. |
$1,076,000 |
$970,000 |
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2021/2022 |
2021BAA2444 |
Market At Southpark 1674 LLC |
8011 South Broadway |
3. |
$28,860,000 |
$26,041,000 |
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2021/2022 |
2021BAA2455 |
Frank & Holly H Hutto |
1435 East Quincy Avenue |
1 |
$3,861,100 |
$3,240,000 |
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2021/2022 |
2021BAA2456 |
DCS Owner LLC |
9151 East Panorama Circle |
3. |
$77,299,000 |
$77,000,000 |
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2021/2022 |
2021BAA2467 |
William V And Cathy P Goss |
4 Orchard Lane |
1. |
$1,529,800 |
$1,275,000 |
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2021/2022 |
2021BAA2478 |
Mills H Ford |
555 East Eastman Avenue |
5. |
$329,180 |
$329,180 |
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2021/2022 |
2021BAA2537 |
Waterview I-III, LLC |
8000 South Chester Street |
3. |
$30,432,000 |
$27,000,000 |
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2021/2022 |
2021BAA2544 |
Chotin Pan X LLC |
9100 East Panorama Drive |
3. |
$10,763,000 |
$9,100,000 |
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2021/2022 |
2021BAA2549 |
CPVF II Solarium LLC |
7400 East Orchard Road |
3. |
$24,351,000 |
$23,250,000 |
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2021/2022 |
2021BAA2550 |
OCH-Arapahoe Road LLC |
7700 East Arapahoe Road |
3. |
$4,915,000 |
$4,555,000 |
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2021/2022 |
2021BAA2900 |
REVV Properties LLC |
20901 East Smoky Hill Road |
3. |
$3,697,000 |
$3,500,000 |
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2021/2022 |
2021BAA2904 |
Scot W Lewis |
6144 South Fulton Street |
1. |
$615,000 |
$603,000 |
1. Comparable market sales indicate that adjustment to this value is correct.
2. Income approach indicates that adjustment to this value is correct.
3. Income and sales comparison approaches indicate that adjustment to this value is correct.
4. Cost, income and sales comparison approaches indicate that adjustment to this value is correct.
5. For this settlement of tax year 2021, the value will remain unchanged at $329,180 and, based upon the property’s occupancy, the County will change the classification of the property to 100% residential. Based upon this classification change, 100% of the property’s total actual value will be assessed at the residential rate for tax year 2021.
Alternatives: Let protests proceed to the BAA for a decision. Said alternative would involve unnecessary time and expense for the County and the taxpayer.
Fiscal Impact: Reduction in the amount of property taxes collected for the above listed properties.
Alignment with Strategic Plan:
☒Be fiscally sustainable
☒Provide essential and mandated service
☐Be community focused
Concurrence: The negotiator for the County Board of Equalization, the County Assessor and the County Attorney all support this recommendation.
Resolution: Attached is a copy of the draft resolution.
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