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4 <br />REQUEST <br />FOR PROPERTY TAX REFUND <br />Map Nbr: 7.27.B.1 <br />Tract Nbr: 757397 <br />Account Nbr: 220779 <br />Rate Code: 22 <br />Name: Tri City Investments, Inc. <br />Address: First Scotland Bank Bldg. <br />Richmond Plaza Shopping Ctr. <br />Rockingham, NC 28379 <br />Action Requested: Request property tax refund for 1999. <br />Recommendation: Approve total property tax refund of $59,679.54. <br />Explanation: Property value adjusted as a result of appeal to the Property Tax <br />Commission. Two appraisals were made on this property as part of the <br />Property Tax Commission's proceedings. The first indicated a value <br />of $10,600,000 and the second, a value of $11,500,000. Upon <br />agreement by all parties involved, the Property Tax Commission <br />decided on a value of $11,000,317. <br />Reference: General Statute 105-290(b)(3). Property Tax Commission decision.