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DocuSign Envelope ID:3067492C-60EC-432D-9750-FF3FBB8741DF <br /> MINUTES <br /> Board of Equalization and Review <br /> Date: October 13, 2021 <br /> Board Members Present: <br /> Hunter Beattie, Chair <br /> Barbara Levine,Regular <br /> Leon Meyers,Regular <br /> Staff Members Present: Nancy Freeman,Tax Administrator <br /> Roger Gunn, Real Property Appraisal Manager <br /> Cyle Anderson,Appraiser <br /> Bo Allen,Appraiser with CCA <br /> Chris Mashburn,Appraiser with CCA <br /> Scherri McCray,Buisness Officer <br /> SCHEDULE: <br /> 9824673662 Stag Industrial Holdings LLC APPEARING <br /> 9824576520 Stag Mebane 2 LLC APPEARING <br /> 9825807659 Stag Mebane 3 LLC APPEARING <br /> 9863594828 Dorylu LLC APPEARING <br /> 9874515074 Deborah Merritt NOT APPEARING <br /> 9873599448 Gandhi Hampton Point LLC APPEARING <br /> 9880275036 Chapel Hill North Station LLC NOT APPEARING <br /> Chair Hunter Beattie called the meeting to order at 1:00 PM. <br /> STAG INDUSTRIAL HOLDINGS LLC PIN 9824673662 <br /> Alexander Carr appeared before the Board on behalf of Stag Industrial Holdings LLC to appeal the value <br /> of the property located at 7412 Oakwood Street,Mebane. The current assessed value of the property is <br /> $15,223,000. A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9824673662 Appeal 9824673662 County <br /> The appellant is requesting that the Board reduced the valuation to $12,333,000 based on a market pro <br /> forma for 2020. The property is an industrial light manufacturing facility built in 1970 with a 42,200 <br /> square foot office and a 180,000 square foot warehouse built in 2000. The property is tenant occupied. <br /> Mr. Chris Mashburn from CCA represented the County and stated that upon review by the appraisal firm, <br /> it was determined that the indicated property value from the sales comparison approach is $15,960,462 <br /> and the indicated property value from the income approach is $12,475,406. Each indication of value was <br /> weighted 50%for a reconciled valuation of$14,217,934 for the property. As a result of this review,the <br />