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. . <br /> 649 . . <br /> AGENDA ATTACHMENT 12 A 4 <br /> REQUEST FOR. TAX RELEASE <br /> Honey Properties, Inc. <br /> Y. L. Honey, Sr., President <br /> P. O. Box 4450 <br /> 105 W. Morehead Street <br /> Charlotte, N. C. 28204 <br /> Chapel Hill Township, Account #34540 <br /> This corporation requests that the 1981 valuation of $40,620 of <br /> its busfiness personalty, located in a closed restaurant in Chapel Hill, <br /> be reduced below the $26,400 assessed value used for 1979, citing a <br /> best cash offer for its equipment of $11,600. <br /> For 1979 we accepted the property owner's figure for accumulated <br /> depreciation as a matter of policy)whereas for 1981 we trend original <br /> cost figures and employ our own depreciation schedules. <br /> For 1980 this personalty was listed in the name of two individual <br /> (operators of the most recently closed restaurant at these premises) at <br /> a Valuation of $41,970, the bill for which remains unpaid (September 28, <br /> - 1981). <br /> The 1979 and 1980 valuations included inventories assessed at $2,660 <br /> and $1,640 respectively, whereas the 1981 valuation includes only depreciable <br /> personalty. <br /> Order Date <br />