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DocuSign Envelope ID: E2BCDBED-225D-4680-867C-DF3ABABC19E3 <br /> Jimmy Milliken represented the County and stated that the appellant is requesting a lower valuation of <br /> $2,018,969 for the property.Mr. Milliken stated that upon review of this property Orange County <br /> recommends adding a-40%market adjustment to the land to be consistent with neighboring properties <br /> and adding an E40 economic market adjustment to the property for a revised value of$2,016,900. <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$2,016,900 <br /> for the property. Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> WEST SIDE LIMITED PTNS& TRIANGLE V LIMITED PTNS PIN 9788261802 <br /> The appellant 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 306 W. Franklin Street, <br /> Chapel Hill. The current assessed value of the property is $4,861,600. A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9788261802 Appeal 9788261802 County <br /> Jimmy Milliken represented the County and stated that the appellant is appealing the valuation due to <br /> comparable properties suggesting a lower valuation of$2,629,000. <br /> Upon review of this property by CCA, CCA weighted the sales comparison approach at 45%and the <br /> income approach at 55% for a reconciled valuation of$3,452,195.As a result of this review, Orange <br /> County recommends increasing the market adjustment of the land from-20%to -55%. With that <br /> adjustment,the revised valuation of the property would be $3,446,400. <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 valuation of <br /> $3,446,400. Mr. Meyers seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> WEST SIDE LIMITED PTNS& TRIANGLE V LIMITED PTNS PIN 9788260736 <br /> The appellant 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 a.14 acre parking lot off W. Franklin Street, <br /> Chapel Hill. The current assessed value of the property is $502,500.A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9788260736 Appeal 9788260736 County <br />