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Docusign Envelope ID:056FE2E5-FAD3-473E-9E3E-E287COF06262 <br /> Evidence submitted by the county representative: <br /> • The subject is a 54,506 square foot retail,restaurant, and office building known locally <br /> as the Top of the Hill because of its well-established restaurant that bears that name. <br /> After reviewing the County's commercial real property appraiser consultant's analysis <br /> (attached),the county recommends applying an E 16 economic modifier to the property <br /> which would reduce its overall value to $13,712,100. <br /> • Photographs of Subject(Front and Side Views) <br /> • GIS Map of Subject <br /> • Current Property Record Card of Subject(12 pages) <br /> • Commercial Real Property Appraisal Consultant's Analysis(6 pages) <br /> • Proposed Property Record Card of Subject(12 pages) <br /> • Survey of Chapel Hill-Carrboro Downtown Capitalization Rates <br /> • Survey of Chapel Hill-Carrboro Office Capitalization Rates <br /> Motion of the Board Value Changed as Follows: 1 $11,500,000 <br /> Made the motion Leon Meyers <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Chair of the d signed by: <br /> Leon Meyers U <br /> 9/29/2025 <br /> Recording Secr �cu6igned by: <br /> Jennifer Rig K� SWA_ <br /> R8889oe€s�t� <br /> 9/29/2025 <br />