Agenda - 03-24-1992 - Laserfiche WebLink

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Culbreth Park idwbhhl�- Lu(brerb Park: .4 development built to bang the rommunirY bark home. Mr. Moses Carey, Jr. Chairman Orange County Board of Commissioners P.O. Box 8181 Hillsborough, NC 27278 Dear Commissioner Carey: February 12, 1992 This letter is to follow -up on our discussion of property tax exemption for Culbreth Park Community Development Corporation for 1991. Culbreth Park appeals to the County Commissioners for a refund of $9,639.94 for taxes and interest paid on 24 lots for 1991 as detailed in the attachment. After lengthy discussions with Kermit Lloyd, John Horner and Rob Visser, the status of our September 23, 1991 application is that the county staff agrees certain lots qualify for the exemption. However, since our application was late (deadline was January 31, 1991), the staff says Culbreth must appeal to the Board of Commissioners for approval as outlined-in statute 105- 282.1(a)(5): Upon a showing of good cause by the applicant for failure to make a timely application, an application for exemption. or exclusion filed after the close of the listing period may be approved by the...board of county commissioners ... as appropriate. An untimely application for exemption or exclusion approved under this subdivision applies only to property taxes levied by the county or municipality in the calendar year in which the untimely application is filed. Our reason for good cause is simple. The individual who designed, developed, and managed Culbreth Park became gravely ill in the Fall of 190. During that time no one was able to devote the necessary management time to control a $5 million project. Since Culbreth had endeavored to keep management costs low, there was no management back -up to fill in. In February, 1991 my partner and I were hired by Culbreth Park to provide the necessary management support. 3 4 CULBRETH PARK, 103 Culbreth Park Drive, Chapel Hill, N.C. 27516 telephone 932 -2456