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00 0 8 <br /> Alamance Industrial Park, Inc. <br /> Chapel Hill Twp., Map 27, Block E, lot 6 and Lot 9A <br /> 1981 Valuation: <br /> Lot 6 Land: $508,968 <br /> Improvements $965,850 <br /> Total $1,474,818 <br /> lot 9A Land $57,450 ..- <br /> ItecoMmendation: Only one half of this tract of land, which contains 12.49 acres <br /> is being used. The remainder of this tract has a severe <br /> topographical problem. In order for this land to be used in <br /> conjuction with the present shopping center they would have to <br /> remove approximately 300,000 cubic yards of dirt and rocks <br /> which woulri be cost prohibitive. The amount of dirt is an <br /> estimate given Mr. Karres by a contractor. <br /> If this part of land was split off to be sold for another <br /> use it wouild then have severe access problems for commerical <br /> development. <br /> I wopld therefore conclude that one half of this land should <br /> have a 25 minus adjustment to do that I would give the total <br /> tract a'AinusiaAjustment for topographical and location. <br /> Impact; This action would make the value of lot 6 $1,347,576 and the value <br /> of lot 9A $38,203. <br />