Orange County NC Website
Browse       Search
Docusign Envelope ID:ADED06F5-BFB5-43BF-87F1-32AB8A5DEDDF <br /> Time B <br /> Meeting called to order 9:02 AM Barbara Levine <br /> Meeting adjourned 11:57 AM Richal Vanhook <br /> Property Identification: <br /> Property Owner PS NC III LP Appellant(if different) Morgan Fowler/Ryan <br /> LLC <br /> Property Address 1515 South Greensboro Parcel ID or Abstract 9778839403 <br /> Street <br /> Statement of Appeal: Request reduction in value based on actual income and market proforma. <br /> Current Assessed Value $14,465,700 ounty Opinion $14,465,700 <br /> Time of Hearin 9:02 AM Appellant Opinion $12,500,000 <br /> County Representative Roger Gunn Board Decision $14,465,700 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a lower valuation based on actual income and market proforma. <br /> Evidence submitted by the county representative: <br /> • Based on the attached detailed Commercial Appraiser Consultant's Analysis,the current value of <br /> the subject is well supported by comparable sales and the income approach and no adjustment in <br /> value can be supported. As a result,the County is recommending no change to the current <br /> assessed value. <br /> • GIS Map of Subject <br /> • Current Property Record Card(20 pages) <br /> • Comparable Sales and Income Approach <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Accept Count 's Proposed Value: $14,465,700 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 Stor Mebnc Mod LLC Appellant(if different) Morgan Fowler/Ryan <br /> LLC <br /> Property Address 4550 Arrowhead Parcel ID or Abstract 9824373605 <br /> Boulevard <br /> 2 <br />