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i <br /> ' As can be seen the closer to the center of the government or <br /> town the higher the increase trend appears to be. In <br /> addition it appears that the smaller sites went up at a <br /> higher rate than the larger parcels. This would indicate <br /> that the area around the Chandler plant would have a value <br /> increase at a slower rate than other higher density areas. <br /> There is no indication that the researched industrial <br /> complexes had any adverse effect on the surrounding <br /> residential properties. In fact it appears that as the <br /> neighborhoods mature there is a larger increase in values <br /> compared to those which are fairly new. <br /> A summary of the data gathered is presented below: <br /> ILand Bldg. Increase <br /> ocaon Mode/Mean <br /> Mode/Mean in values <br /> Eflin Hosiery 52%/49% 38%/33% - <br /> White Furniture 92%/92% 35%/32% 36% <br /> Piedmont Power 45%/42% 0%/55% 46% <br />' Chandler 0%/41% 0%/26% <br /> In conclusion, it is this appraiser's opinion that, based on <br /> the data researched, analyses performed, and conclusions as <br />' presented, that there will be no adverse effect on property <br /> values to the surrounding real estate with the zoning change <br /> completed as requested. <br /> Respectfully, <br /> P Y, <br /> .! q4AA-ige/neF <br /> 'hn Cap r well, ASA <br /> 1 <br /> 1 <br />' CAPEWELL & CAPEWELL, INC. <br /> Real Estate Appraisers - Consultants <br /> 1 <br />