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File #:
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22-463
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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8/9/2022
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Final action:
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8/9/2022
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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
end
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 |
2021BAA2208 |
Tara Enterprises LLC |
3277 South Lincoln Street |
1. |
$2,351,000 |
$2,300,000 |
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2021/2022 |
2021BAA2231 |
Alma Partners LLC |
7447 East Berry Avenue |
1. |
$4,182,000 |
$3,950,000 |
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2021/2022 |
2021BAA2232 |
C & M Colorado Real Estate Holdings |
191 East Orchard Road |
1. |
$2,623,000 |
$2,250,000 |
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2021/2022 |
2021BAA2244 |
Design Library & Scene Shop LLC |
17 Inverness Way East |
2. |
$3,876,500 |
$3,485,500 |
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2021/2022 |
2021BAA2250 |
Umatilla Land Corp |
3355 South Umatilla Street |
2. |
$1,712,164 |
$1,642,164 |
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2021/2022 |
2021BAA2256 |
T & D 2001 |
4260 South Federal Boulevard |
2. |
$1,186,000 |
$983,000 |
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2021/2022 |
2021BAA2261 |
The Olen C Crockett Living Trust |
2606 South Raritan Circle |
2. |
$1,557,000 |
$1,336,000 |
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2021/2022 |
2021BAA2475 |
Walter Properties, INC |
8201 East Pacific Place; 8200 East Pacific Place |
1. |
$7,538,000 |
$7,400,000 |
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2021/2022 |
2021BAA2523 |
Thomas A Malott, Jennifer L Malott, The Joshua R Gehrke Disability Trust |
5181 South Ironton Way |
3. |
$1,644,000 |
$1,500,000 |
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2021/2022 |
2021BAA2581 |
Spirit CC Aurora CO LLC |
1450 South Abilene Street |
1. |
$5,341,000 |
$4,750,000 |
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2021/2022 |
2021BAA2587 |
KW Fund VI - Arapahoe II LLC |
12450 East Arapahoe Road; 12600 East Arapahoe Road; 12650 East Arapahoe Road |
1. |
$21,151,000 |
$20,730,000 |
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2021/2022 |
2021BAA2588 |
GKT Belleview Promenade LLC |
8000 East Belleview Avenue; |
2. |
$42,666,385 |
$39,500,000 |
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2021/2022 |
2021BAA2592 |
Carriage Green LLC |
15951 East 13th Place |
3. |
$17,500,000 |
$16,530,000 |
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2021/2022 |
2021BAA2893 |
Dimond, Navin C, Dimond Rita |
2 Pond Road |
3. |
$9,096,700 |
$9,000,000 |
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2021/2022 |
2021BAA2894 |
Cole of Centennial CO LLC |
7958 South Chester Street |
1. |
$31,220,000 |
$30,500,000 |
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2021/2022 |
2021AAA2924 |
5500 Greenwood LLC |
5500 Greenwood Plaza Boulevard |
1. |
$10,209,000 |
$9,040,000 |
1. Income and sales comparison approaches indicate that adjustment to this value is correct.
2. Cost, income and sales comparison approaches indicate that adjustment to this value is correct.
3. Comparable market sales indicate that adjustment to this value is correct.
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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