2026_01_22 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: D708FC70-AF18-4B68-9AB6-2D010EOD1629 Time B Meeting called to order 9:04 AM Leon Meyers Meeting adjourned 10:32 AM Richal Vanhook Property Identification: Property Owner SZ Chapel Hill Appellant(if different) Morgan Fowler/Ryan Apartments LP LLC Property Address Unimproved 5.48-acre Parcel ID or Abstract 9789197059 parcel on Northfield Dr Statement of Appeal: Request reduction in value based on actual income in 2023 and 2024. Current Assessed Value $2,291,600 ounty Opinion $2,291,600 Time of Hearin 9:07 AM Appellant Opinion $2,291,600 County Representative Roger Gunn Board Decision $2,291,600 Evidence submitted by the appellant: • The appellant is considering the valuation of this parcel collectively with PINS 9789198723 and 9789292752. From actual income in 2023 and 2024,the appellant is requesting that the collective value of the three parcels be reduced from the current$43,247,500 to $36,155,500 with the subject's current valuation of$2,291,600 remaining allocated to the subject property. Evidence submitted by the county representative: • The subject is a 5.48-acre vacant parcel on Northfield Drive that is considered part of the Chapel Ridge Student Housing Apartments complex.As the appellant is not requesting a change in value for the subject,the County is also recommending no change in value for the subject as the overall collective valuation of the three parcels supports the current assessed value. • GIS Map of Subject • Current Property Record Card(2 pages) • Income Approach • Comparable Student Housing Sales Motion of the Board Accept Coun 's Proposed Value: $2,291,600 No change in value Made the motion Richal Vanhook Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: 2