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DocuSign Envelope ID:CD609373-3AA7-4A4A-AD96-60FEBC2424AD <br /> property. As a result of this review, Orange County recommends increasing the economic market <br /> adjustment on the property from E21 to E26 for a revised valuation of$4,229,500 for the property. <br /> The Board reviewed all documents and information provided by the appellant and the County. After <br /> deliberation and review,Mr. Beattie made a motion to accept the County's revised value of$4,229,500. <br /> Mr. Meyers seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> RRPIV VILLAGE PLAZA CHAPEL HILL LP PIN 9799242451 <br /> Hailey Garrett elected not to appear before the Board and requested that the submitted documentation <br /> serve as the appeal. The appellant is appealing the value of the property located at 255 S. Elliott Road, <br /> Chapel Hill. The current assessed value of the property is $14,464,800. A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9799242451 Appeal 9799242451 County <br /> Kelly Wells represented the County and stated the appellant is appealing the valuation of the property <br /> known as the Elliott Square Shopping Center on the basis that the property's income and expenses from <br /> 2019 through 2020 suggest a lower valuation of$11,000,000. <br /> Ms. Wells stated that upon review of this property by CCA, CCA weighted the sales comparison <br /> approach 45%and the income approach 55%for a reconciled valuation of$13,230,230.As a result of this <br /> review, Orange County recommends applying an E09 economic market adjustment to the property for a <br /> revised valuation of$13,163,100. <br /> The Board reviewed all documents and information provided by the appellant and the County. After <br /> deliberation and review,Mr. Beattie made a motion to accept the County's revised value of$13,163,100. <br /> Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> NR EDGE PROPERTY OWNER LLC PIN 9880171994 <br /> Hailey Garrett elected not to appear before the Board and request that the submitted documentation serve <br /> as the appeal. The appellant is appealing the value of the property located at 100 Village Center Drive, <br /> Chapel Hill. The current assessed value of the property is $6,874,500. A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9880171994 Appeal 9880171994 County <br />