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336 <br />Council & Hampton <br />Real Estate, Inc. <br />1 BQ9 Chapel Hill Road <br />Durham, North Carolina 27707 <br />'rekphont <br />(919) 469-7461 <br />August 22, 1988 <br />Orange County Planning Board <br />Hillsborough, N. C. <br />Dear Sirs: <br />~~ <br />,~ ir`ru <br />In November of 1984, acting as agent for John M. Darner and <br />Samuel W. Darner, I sold a parcel of land containing approximately <br />10.14 acres to John R. Kennedy and wife, Helen W. Kennedy. This <br />property is located at the Northeast intersection of I-E5 and <br />Highway 7D in Orange County. The land at that time was zoned by <br />the Grange County Planning Board as General Commercial, GC-4. <br />Mr. and Mrs. Kennedy purchased the property in good faith, assuming <br />that they could conduct their business and expand it in the future, <br />if the opportunity presented itself, since this would be allowed <br />under the permitted uses in a GC-4 zone. <br />The Drange County Planning Board proposes to down zone the <br />Kennedy property from GC-4, General Commercial zone to a EC-5, <br />Existing Commercial zone. Under a EC-5 zone, there are approximately <br />31 less permitted uses of the property than under a GC-4 zone. It <br />is my understanding that the Kennedys will not be permitted to expand <br />their present business under the EC-5 zone. I believe to down zone <br />this property would drastically reduce the Value of the property <br />and restrict its resale potential. <br />In my opinion, the highest and best use of this property is <br />best represented under a GC-4 zoning. <br />Very truly yours, <br />James W_ Warren <br />JW/w <br />