HomeMy WebLinkAboutLEMAY AVENUE 3RD ANNEXATION & ZONING - 34-97 - CORRESPONDENCE - OTHER JURISDICTIONS&NCLOUNTYL�MER OFFICE OF THEASSESSOR
STEPHEN A. MILLER, CPA
PO Box 1190; FORT COLLQVs CO 80522-1190
• • TELEPHONE: 970498-7050; FAX: 970-498-7070
February 23, 1998
Kim Kreimeyer, Planning Technician
City of Fort Collins, Current Planning Department
PO Box 580
Fort Collins, Colorado 80522
Dear Ms. Kreimeyer:
This letter is in reference to your request for valuation information on parcel #87072-00-005.
The parcel is located on the southeast corner of Buckingham Street and Lemay Avenue. It
contains approximately 1.5 acres and is currently classified by our office as Residential
Unplatted Vacant Land.
Per our conversation, it is my understanding that the City of Fort Collins may consider annexing
this property into the city limits and rezoning under the City of Fort Collins code of Low Density
Mixed -Use Neighborhood or possibly an Industrial zone. The current valuation of the property
is based on a residential market value as of June 30, 1996. The 1998 valuation of the subject
property will not be effected by changes in zoning type or Assessor classification. This parcel,
along with all others will be reappraised in 1999 to reflect a June 30, 1998 level of value. If the
present zoning of the subject parcel has been changed to either Low Density Mixed -Use or
Industrial zone as of the assessment date of January 1, 1999, the valuation will be bases on
current market sales of similarly zoned property of similar size and location. In consideration of
the current value on the subject property as well as current active market conditions, a valuation
increase in 1999 is likely.
Please contact me at (970) 498-7092 if you have any further questions.
Sincerely,
Larry G. Johnson
Deputy Assessor