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Orange. County: Buckhorn Village <br />The project developer conducted a survey of existing retail establishments. The survey <br />determined an average property tax value per square foot of anchor/destination retail space, <br />mixed and multi-tenant retail space, and hotel facilities. These three categories were used based <br />on the projected uses of Buckhorn Village commercial square footage. The existing business <br />average values were applied to the mix of uses of the Buckhorn Village project. From this <br />analysis, an estimate of property tax revenue to Orange County was projected. <br />A.nchor/Destination Retail <br />Property Total Square Feet Property Tag Value Property Tax <br />Value Per SF <br />Meadowmont Harris Teeter 49,427 $5,455,135 $110.37 <br />Hillsborou h Wa1-Mart 168,709 $12,758,748 $75.63 <br />Hillsborou h Home De of 104,769 $8,933,910 $85.27 <br />Total 322,905 $27,147,793 <br />Avera e Tax Value Per SF $84.07 <br />Source: Buckhorn Road Associates, LLC Survey <br />Miged/Multi-Tenant Retail <br />Property Total Square Feet Property Tax Value Property Tag <br />Value Per SF <br />Meadowmont Vilia e Center 108,586 $17,122,797 $157.69 <br />Wal-Mart Ou arcel 12,640 $1,852,006 $146.52 <br />Wal-Mart Ou arcel 26,165 $2,678,176 $102:36 <br />Timberl ne Sho in Center 104,656 $12,351,026 $118.02 <br />MLK and I-40 Harris Teeter 96,511 $11,667,110 $120.89 <br />Totals 348,558 $45,671,115 <br />Avera e Tax Value Per SF $131.03 <br />Source: Buckhorn Road Associates, LLC Survey <br />Sanford Holshouser 7 <br />