2021_10_20 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID:C96AFABB-155D-4309-8C5B-76691BED5397 Mr. Pons agreed with the County's recommendation of a revised valuation of$814,600 for the property. The Board reviewed all documents and information provided by the appellant and the County. After deliberation and review,Mr. Beattie made a motion to accept the County's revised value of$814,600. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 BROWN PIN 9788168634 Roy D. Brown elected not to appear before the Board and requested that the submitted documentation serve as the appeal. The appellant is appealing the value of the property located at 420 W. Franklin Street, Chapel Hill. The current assessed value of the property is $718,400. A list of evidence follows: APPELLANT COUNTY 9788168634 Appeal 9788168634 County Jimmy Milliken represented the County and stated that the appellant is appealing the valuation on the basis that he feels the land value is incorrect and requests a lower valuation. As a result of a review, Orange County recommends removing the E20 market adjustment on the property and adding a-30% market adjustment to the land. The net result will be a decrease in value for the property to $688,900. The Board reviewed all documents and information provided by the appellant and the County. After deliberation and review,Mr. Beattie made a motion to accept the County's revised value of$688,900. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 EXCHANGE AT MEADOWMONT LLC PIN 9798531950 Collier Marsh,tax representative for the appellant elected not to appear before the Board and requested that the submitted documentation serve as the appeal. The appellant is appealing the value of property located at 1414 Raleigh Road, Chapel Hill. The current assessed value of the property is $30,189,300. A list of evidence follows: APPELLANT COUNTY 9798531950 Appeal 9798531950 County Kelly Wells represented the County and stated that the property known as the Exchange at Meadowmont includes two office buildings and 12.66 acres of land, and the appellant is appealing the valuation on the basis that the income and expenses from 2018 through 2020 suggest a lower valuation of$26,400,000.