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principal north -south road corridors leading to Hillsborough. The farm is just 5 miles from historic <br />Hillsborough (county seat), and Chapel Hill, Durham, and RTP are also in commuting distance. <br />The property was appraised in 2004 and updated in 2007. In those 3 years, the market value increased <br />from $3,500 /acre to $6,000 /acre. The easement value increased from $1,564 /acre to $3,993 /acre. Breeze <br />farm is 2.5 miles west of Pleasant Green Farm subdivision on Schley Road. The first two 10 -acre lots sold <br />for $370,000 (a record price for 10 -acre lots in Orange County). <br />C. Property proximity to urban /commercial development: <br />(i.e. — town /city limits or land use other an agriculture /forestry) <br />Hillsborough town limits: 5 miles <br />Page 10 of 17 Easement Application <br />