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U 9 1 <br /> , l.) <br /> ./ <br /> .nr <br /> THE UNIVERSITY OF NORTH CAROLINA <br /> AT <br /> CHAPEL HILL <br /> Unisertily Properly 015ce The University of North Carolina et Chapel Hill <br /> 134£ Franklin Sc (WA) <br /> April 9, 1982 ch.pci MD,North Canalina:T514 <br /> Mr. John T. Horner <br /> Orange County Tax Collector <br /> 208 South Cameron Street <br /> Hillsborough, North Carolina 27278 <br /> Dear .Ir. Horner: <br /> Late in the year of 1981, it became apparent that the University was going to have <br /> to take over the mortgage payment for the Phi Sigma Kappa Fraternity house on Mason <br /> Farm Road or else risk having the bank foreclose on the mortgage ox the property <br /> may be sold for past due taxes. Inasmuch as this fraternity house sits in the <br /> middle of property bequeathed to the University by Mary Mason, the University could <br /> ill afford to have the property sold either by the bank or the county. It took <br /> some weeks for the University to do the paper work necessary to reclaim the, property <br /> from the fraternity and get the tax notices in order to pay for the past due taxes. <br /> Our requisition to cover the taxes was written on January 5, 1982, the earliest <br /> possible time we could do that after having to officially reclaim the building. <br /> Because it took some time for the requisition to go through the University processes <br /> and the University computer, we did not get the check to the county until February 10, <br /> 1982. <br /> I have been advised by a member of your office staff that the University needs to <br /> pay an additional $234.67 in interest because we did not make our payment by <br /> December 31, 1981. This letter is to request your consideration of giving the <br /> University relief from having to pay this penalty for not meeting the December 31 <br /> deadline. As you are well aware, an institution the size of the University requires <br /> a great deal of approvals and processing of forms in order to get a payment made <br /> and it was not a question of being negligent in getting the work done but a question <br /> of insufficient timing to make the payment by December 31, 1981.. Your favorable <br /> action on advising that we will not have to pay this $234,67 illegally due in interest <br /> would be greatly appreciated. Please advise me at your earliest convenience. <br /> Yours very truly, <br /> `714-44-64j .742561-1" <br /> (Mrs.) Grace W, Wagoner <br /> University Property Officer <br /> GIYW/eb <br /> -- <br />