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ORANGE COUNTY TAX SUPERVISOR'S OFFICE <br />208 S( uiii CANIEPON SIRE-LT <br />HILLSBOROUGH, NORTH CAROLINA 27278 <br />KF:K%11 "r LI.0N'D <br />ix .S+r��rmhnr <br />February 27, 1992 <br />Merry Land <br />Post Office Box 1417 <br />Augusta, GA 30903 <br />Dear Mr. Benton: <br />Thank you for your letter of February 25th relating to <br />the Timber Hollow Apartments, located in Chapel Hill, N.C., <br />and your desire to appeal. As a result of your letter I have <br />made a thorough review of your property which was purchased <br />in August 1991 for 6,100,000 through Resolute Trust. This <br />review of market data and income /expense data supplied by <br />your company, the previous owners, and other appraisers <br />indicates there exists, in my opinion, sufficient data to <br />support an assessment of 6,790,629. We have made this <br />adjustment for 1992. <br />If you have additional information you would like me to <br />consider or if you or a representative would like to discuss <br />this further please do not hesitate to contact me. My number <br />is (919) 732 --8181 ext 2102. <br />Sincerely, <br />John Smith, <br />Chief Appraiser <br />