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DocuSign Envelope ID: E2BCDBED-225D-4680-867C-DF3ABABC19E3 <br /> Jimmy Milliken represented the County and stated the appellant is requesting a lower valuation of <br /> $281,250 for the property. Upon review of this property, Orange County recommends increasing the <br /> economic market adjustment on the property from E50 to E75 for a revised value of$251,200,which is <br /> similar in value to neighboring parking lots. <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$251,200 for <br /> the property. Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> HORIZON ACQUISITION#3 LLC PIN 9864800659 <br /> Alexander Carr of Ryan LLC elected not to appear before the Board on behalf of Horizon Acquisition#3 <br /> LLC to appeal the value of the property located at 500 William Hooper Circle,Hillsborough. The current <br /> assessed value of the property is $19,323,400. A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9864800659 Appeal 9864800659 County <br /> Cyle Anderson represented the County and stated that the appellant states an opinion of value of <br /> $15,850,000 for the property but did not provide any supporting documentation to support this opinion. <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$18,622,502 for the property. As a result of this <br /> review, Orange County recommends increasing the economic market adjustment on the property from <br /> E02 to E06 for a revised valuation of$18,534,800. <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 /> $18,534,800. Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> WACHOVIA BANK& TRUST PIN 9880357604 <br /> Alexander Carr of Ryan LLC elected not to appear before the Board on behalf of Wachovia Bank&Trust <br /> and requested that the submitted documentation serve as the appeal. The appellant is appealing the value <br /> of the property located at 101 Banks Drive, Chapel Hill. The current assessed value of the property is <br /> $2,252,900.A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9880357604 Appeal 9880357604 County <br />