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Docusign Envelope ID: D708FC70-AF18-4B68-9AB6-2D010EOD1629 <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 $780,800 ounty Opinion $780,800 <br /> Time of Hearin 9:48 AM Appellant Opinion $396,814 <br /> County Representative Roger Gunn Board Decision $780,800 <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$396,814 being allocated to the subject property. <br /> Evidence submitted by the county representative: <br /> • The subject is a.17-acre parcel with an 1,800 square foot office built in 1970 and is part of the <br /> 6 parcel Life Science Center Redevelopment project. Based on the attached comparable <br /> development land sales and the attached Commercial Appraiser Consultant's Analysis,the <br /> current assessed value is supported and no adjustment to the current value is recommended. <br /> • GIS Map of Subject <br /> • Current Property Record Card(4 pages) <br /> • Comparable Land Sales <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Accept Coun 's Proposed Value: $780,800 No change in value <br /> Made the motion Shannon Julian <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Rosemary Chapel Hill Appellant(if different) Morgan Fowler/Ryan <br /> Apartments LLC LLC <br /> Property Address 1 101 E. Rosemary Street Parcel ID or Abstract 9788372791 <br /> Statement of Appeal: Request reduction in value based on a market proforma and equity comparables. <br /> Current Assessed Value $5,018,800 County Opinion $5,018,800 <br /> Time of Hearin 9:51 AM Appellant Opinion $3,494,407 <br /> County Representative Roger Gunn Board Decision $5,018,800 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a reduction in value based on a market proforma and equity <br /> com arables. <br /> 9 <br />