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RELEASE (GS 105-381) <br />October 7, 2008 <br /> <br /> (Taxable) Value Rate Financial Property <br />Name Map Ref Tract # Old Value New Value Difference Code Impact Description Reason for Adjustment <br /> <br />US GT LLC 7.86.C.5 754378 49,895,519 49,895,519 0 32 -28,816.16 Commercial Release is for 2008. Illegal Tax. Tax Rate <br /> correction.This property is only partially in <br /> the Chapel Hill revitalization district. This only <br /> impacts Chapel Hill revitalization revenues. <br /> The county mainframe only allows entry of <br /> one tax rate. This property straddles <br /> two tax rates. This release must be done <br /> annually. The impact was accounted for in <br /> budget projections. <br /> <br />Timothy Chavis 2.8..4 257870 59,918 0 -59,918 16 -2,403.28 Mobile Home Release is for 2004-2008. Illegal Tax. <br /> This mobile home was taxed and billed as a <br /> leasehold improvement. Leinholder recently <br /> informed us that home was forclosed in 2003. <br /> <br />S H Basnight & Sons Inc Acct 35073 61,424 0 -61,424 10 -537.03 Bus Personal Release is for 2008 Clerical Error <br /> Business relocated from one tax rate <br /> to another. This release is to release from <br /> one tax rate and bill to other. <br /> <br />Gordon Fleson & Co. Inc Acct 296873 1,982 0 -1,982 23 -33.06 Bus Personal Release is for 2008. Clerical Error <br /> Asset was disposed of in 2007 but was <br /> not removed from listing. Property was <br /> billed in error. <br /> <br />NuCo2 Acct 248971 2,118 212 -1,906 00 -38.32 Bus Personal Release is for 2008 Clerical Error <br /> Property was billed at cost instead of the <br /> depreciated value. <br /> <br />NuCo2 Acct 248970 6,991 1,861 -5,130 23 -85.57 Bus Personal Release is for 2008 Clerical Error <br /> Property was billed at cost instead of the <br /> depreciated value. <br /> -130,360 -31,913.42 <br /> <br />