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Docusign Envelope ID: D708FC70-AF18-4B68-9AB6-2D010EOD1629 <br /> • Comparable Land Sales <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Accept Coun 's Proposed Value: $1,199,900 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Shannon Julian <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Chapel Hill Franklin Street Appellant(if different) Morgan Fowler/Ryan <br /> Labs 1 LLC LLC <br /> Property Address 0.64-acre parking parcel Parcel ID or Abstract 9788262823 <br /> between West Rosemary <br /> and West Franklin Streets <br /> Statement of Appeal: Request reduction in value based on the valuation of this parcel collectively with <br /> five other parcels as a shopping center property from actual income in 2022,2023, and 2024 and a market <br /> proforma. <br /> Current Assessed Value $2,944,400 ounty Opinion $2,944,400 <br /> Time of Hearin 9:44 AM Appellant Opinion $2,750,952 <br /> County Representative Roger Gunn Board Decision $2,944,400 <br /> Evidence submitted by the appellant: <br /> • The appellant is considering the valuation of this parcel collectively with five other parcels as a <br /> shopping center property. From actual income in 2022,2023, and 2024 and a market proforma, <br /> the appellant is requesting that the collective value of the six parcels be reduced from the <br /> current$13,663,100 to $8,415,196 with$2,750,952 being allocated to the subject property. <br /> Evidence submitted by the county representative: <br /> • The subject is a.64-acre parcel being utilized as a parking lot and is part of the 6 parcel Life <br /> Science Center Redevelopment project. Based on the attached comparable development land <br /> sales and the attached Commercial Appraiser Consultant's Analysis,the current assessed value <br /> is supported and no adjustment to the current value is recommended. <br /> • GIS Map of Subject <br /> • Current Property Record Card(2 pages) <br /> • Comparable Land Sales <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Accept Coun 's Proposed Value: $2,944,400 No change in value <br /> Made the motion Shannon Julian <br /> Seconded the motion Richal Vanhook <br /> 7 <br />