Board of Equalization and Review - September 25, 2012 Date run: 10/1/2012 3:33:29 PM NCPTS V4 TR-121 Appeal Docket Report Report Parameters: Calendar Pk: TIME ROW NO. 5 LEVEL Docket Date: CASE NUMBER 9/25/2012 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 1 BER 11-BER009934 38519 HR PROVIDENCE ROAD LLC / MARVIN F. POER AND COMPANY ATTN: LEE WHARTON 22917109 N REI 0002065982-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO 0E\OHDVHIHH $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 3URYLGHVDSSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 0(',&$/2)),&( %8,/',1*'%$5($ 352)(66,21$/ %8,/',1*$GMXVWHG 1/$WRVTXDUH IHHWDQGQRWHVWKDW 68,7(VTXDUH IRRWDUHDLVDXQILQLVKHG VKHOO5HFRJQL]HGE\ DGMXVWLQJYDFDQF\WR 65 5HGXFWLRQWR 0 6,585,000 5,200,000 01 REDUCTION 5,863,000 01 REDUCTION 5,863,000 BF/BH 9:00 AM 2 BER 11-BER009904 18523 NICHOLSON, MARSHA HARTIS 23121404 N REI 0002076550-20112011-0000-0 01 Above Market $33(//$17+$6 $&&(37('9$/8( 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO .$SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV 2IIHUVIHHDSSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV YDFDQWUXUDOODQG $GMXVWHGIRUVKDSH 7RSRDQGVL]H DFFRUGLQJO\ 65 5HGXFWLRQWR 0 882,100 465,000 01 REDUCTION 464,300 01 REDUCTION 464,300 BF/BH PAGE 1 of 25 DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME 9:00 AM 3 ROW NO. LEVEL BER CASE NUMBER 11-BER009947 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 35008 BRAUVIN NET LEASE LLC / INTERNATIONAL APPRAISAL COMPANY ATTN: RICK BROWN 20709502 N REI ABS NUMBER 0001970338-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 5,217,000 APPELLANT OPINION VALUE ($) STAFF REC 3,200,000 03 INCREASE STAFF REC VALUE ($) DECISION 5,494,200 01 REDUCTION DECISION VALUE ($) MOTION 3,767,500 BF/BH DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 4 BER 11-BER009695 39935 CHARLOTTEMECKLENBURG HOSPITAL AUTHORITY / COMPLEX PROPERTY ADVISORS CORP - ATTN: DONNIE OSBORNE 20710218A N REI 0002621130-20112011-0000-0 01 Above Market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bove Market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of 25 APPELLANT OPINION VALUE ($) STAFF REC 500,000 02 NO CHANGE 4,775,000 01 REDUCTION STAFF REC VALUE ($) DECISION 962,600 02 NO CHANGE 5,906,600 01 REDUCTION DECISION VALUE ($) MOTION 962,600 BH/BF 5,906,600 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME 9:00 AM 6 ROW NO. LEVEL BER CASE NUMBER 11-BER009663 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 37343 HICKORY HOSPITALITY INVESTMENTS ATTN: BARRY W. WHISNANT 20709603 N REI ABS NUMBER 0001970355-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 5,666,900 APPELLANT OPINION VALUE ($) STAFF REC 4,450,000 03 INCREASE STAFF REC VALUE ($) DECISION 7,656,100 03 INCREASE IN VALUE DECISION VALUE ($) MOTION 6,003,400 BF/BH DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME 9:00 AM 7 ROW NO. LEVEL BER CASE NUMBER 11-BER008925 APPEAL ID 39836 OWNER/ APPELLANT HR OF CAROLINAS LLC / COMPLEX PROPERTY ADVISORS CORP - ATTN: DONNIE OSBORNE PARCEL ID/ VIN CONSE NT ABS TYPE 20710218B N REI ABS NUMBER 0002621131-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 3,389,800 APPELLANT OPINION VALUE ($) STAFF REC 870,062 01 REDUCTION STAFF REC VALUE ($) DECISION 2,016,900 01 REDUCTION DECISION VALUE ($) MOTION 2,016,900 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME 9:00 AM 8 ROW NO. LEVEL BER CASE NUMBER 11-BER008941 APPEAL ID 39838 OWNER/ APPELLANT HR OF CAROLINAS LLC / COMPLEX PROPERTY ADVISORS CORP - ATTN: DONNIE OSBORNE PARCEL ID/ VIN CONSE NT ABS TYPE 20710221B N REI ABS NUMBER 0002621135-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 2,664,700 APPELLANT OPINION VALUE ($) STAFF REC 715,969 01 REDUCTION STAFF REC VALUE ($) DECISION 1,547,100 01 REDUCTION DECISION VALUE ($) MOTION 1,547,100 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME 9:00 AM 9 ROW NO. LEVEL BER CASE NUMBER 11-BER010756 APPEAL ID 38513 OWNER/ APPELLANT HR OF CAROLINAS LLC / COMPLEX PROPERTY ADVISORS CORP - ATTN: DONNIE OSBORNE PARCEL ID/ VIN CONSE NT ABS TYPE 20710247B N REI ABS NUMBER 0007150210-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 9,440,400 APPELLANT OPINION VALUE ($) STAFF REC 4,662,427 01 REDUCTION STAFF REC VALUE ($) DECISION 7,292,900 01 REDUCTION DECISION VALUE ($) MOTION 7,292,900 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 10 BER 11-BER010768 35265 LAKEMONT INDUSTRIAL HOLDING CO / CRESCENT RESOURCES ATTN: RICHARD ROGERS 21903108 N REI 0002007851-20112011-0000-0 01 Above Market 73+$6$&&(37(' HENDERSON, 7+(1(:9$/8(2) PHIL 9DFDQW/DQG )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $SSHOODQWKDVVXSSOLHG YDQDQWODQGVDOHV 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LVD YDFDQWLQGXVWULDO]RQHG DFUHWUDFWORFDWHGRII RI&DURZLQGV%OYGDQG ERUGHUV6RXWK&DUROLQD 7KLVLVDSDUNLQJORW VHUYLFLQJDEXLOGLQJ ORFDWHGLQ6RXWK &DUROLQD7KHODQGZDV DGMXVWHGWRSVIWR HTXDOL]HWKHYDOXHZLWK RWKHUVLPLODUSDUFHOVLQ WKHLQGXVWULDODUHD7KH FRXQW\UHFRPPHQGVD QHZDVVHVVHGYDOXHRI 0 99,600 26,000 01 REDUCTION 73,600 01 REDUCTION 73,600 BH/BF 9:00 AM 11 BER 11-BER010776 35268 LAKEMONT INDUSTRIAL HOLDING CO / CRESCENT RESOURCES ATTN: RICHARD ROGERS 21903109 N REI 0002007853-20112011-0000-0 01 Above Market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of 25 DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. 9:00 AM 12 LEVEL BER CASE NUMBER 11-BER010345 APPEAL ID 41809 OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE NATIONAL RETAIL PROPERTIES LP / DUFF & PHELPS, LLC ATTN: STEVEN B. GRAHAM 20701116 N REI ABS NUMBER 0001970034-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$ 73CV&DVHDQG,VVXHV $SSHOODQWVXSSOLHGD LQFRPHDQDO\VLVGDWHG DQGFRPSVDV VXSSRUWGRFXPHQWDWLRQ 6DOHV5DWLR1$&2' 1$ HENDERSON, PHIL 0 9,090,600 5,273,390 02 NO CHANGE 9,090,600 01 REDUCTION 7,270,800 BF/BH )RUHFORVXUH1R HENDERSON, 6DOH'DWH1$6DOH PHIL 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$ 73CV&DVHDQG,VVXHV $SSHOODQWKDVVXEPLWWHG QRLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH 6XEMHFWSURSHUW\LVD VTIW :DUHKRXVHEXLOWLQ DQGORFDWHGLQWKH :HVWLQJKRXVH'RZQV 3DUNRII:HVWLQJKRXVH 5GLQ&KDUORWWH7KH DVVHVVHGYDOXHZDVVHQW RXWXVLQJWKH&RVW DSSURDFK7KH,QFRPH $SSURDFKKDVEHHQ XWLOL]HGXVLQJIRU :DUHKRXVH111OHDVH ZLWKDFDSUDWHDQG D0DUNHW9DFDQF\ WRUHIOHFWPXOWLWHQDQW OHDVHV7KHLPSURYHPHQW KDVEHHQJUDGHGDV *RRGDQGLVHTXLWDEOH ZLWKRWKHUOLNHSURSHUWLHV 7KHFRXQW\UHFRPPHQGV DUHGXFWLRQLQDVVHVVHG YDOXHWR EDVHGRQWKHLQFRPH DSSURDFK 0 2,306,400 1,895,600 02 NO CHANGE 2,306,400 01 REDUCTION 1,563,100 BF/BH &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LVD 7R\RWD'HDOHUVKLS ORFDWHGRQ6RXWK%OYG# &UHVVLGD7KHDSSHOODQW VXSSOLHGDLQFRPH VWDWHPHQWYDOXHRI ZLWKRWKHU GHDOHUVKLSVDOHVRQ ,QGHSHQGHQFH7KHRQO\ ORFDWLRQDFFXUDWHVDOH ZDVRQ6RXWK%OYGDQG ZDVDGLVWUHVVVDOHZLWK DVISULFHRI7KH ,PSURYHPHQWVDQG/DQG DUHHTXLWDEO\OLVWHG7KH FRXQW\UHFRPPHQGVQR FKDQJHLQYDOXH 9:00 AM 13 BER 11-BER010102 40063 NORTH REGIONAL I LLC / FELLERS, SCHEWE, SCOTT & ROBERTS, INC. PROP. TAX MGMT - ATTN: TERRY LANDERS 20519117 N REI 0001969866-20112011-0000-0 01 Above Market PAGE 9 of 25 DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. 9:00 AM 14 LEVEL BER CASE NUMBER 11-BER009305 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 39053 PALISADES CYPRESS II LLC / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: TOM BERRY 20709505 N REI ABS NUMBER 0001970347-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 8,674,500 APPELLANT OPINION VALUE ($) STAFF REC 7,200,000 01 REDUCTION STAFF REC VALUE ($) DECISION 8,150,900 01 REDUCTION DECISION VALUE ($) MOTION 8,150,900 BF/BH DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. 9:00 AM 15 LEVEL BER CASE NUMBER 11-BER010387 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 35048 PROMENADE SHOPPING CENTER LLC / PARKER POE ADAMS & BERNSTEIN LLP - ATTN: CHARLES E. RAYNAL, IV 22915126 N REI ABS NUMBER 0002064688-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 17,716,300 APPELLANT OPINION VALUE ($) STAFF REC 16,968,322 02 NO CHANGE STAFF REC VALUE ($) DECISION 17,716,300 02 NO CHANGE DECISION VALUE ($) MOTION 17,716,300 BF/BH DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. 9:00 AM 16 LEVEL BER CASE NUMBER 11-BER010388 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 35667 PROMENADE SHOPPING CENTER, LLC / PARKER POE ADAMS & BERNSTEIN LLP - ATTN: CHARLES E. RAYNAL, IV 22915107 N REI ABS NUMBER 0002064671-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 31,998,400 APPELLANT OPINION VALUE ($) STAFF REC 24,831,200 01 REDUCTION STAFF REC VALUE ($) DECISION 26,194,100 01 REDUCTION DECISION VALUE ($) MOTION 26,194,100 BF/BH DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 17 BER 11-BER009802 19670 REAL PROPERTY HOLDINGPALISADES NC / S. LEWIS HILL & ASSOCIATES ATTN: S. LEWIS HILL 21732104 N REI 0002621506-20112011-0000-0 01 Above Market 73$*5((6727+( HENDERSON, 1(:$66(66(' PHIL 9$/8(2) )RUHFORVXUH1R 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$ $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 7KH$SSHOODQWVXEPLWWHG VXSSRUWGRFXPHQWDWLRQ WKDWLQFOXGHGWZRODQG VDOHV &RXQW\CVFDVH &RPSOHWHGLQVSHFWLRQRI SURSHUW\DQGIRXQGWKH OLVWLQJKDGHUURUV &RUUHFWHGEXLOGLQJW\SH WREDUQIURPFOXEORGJH DQGFKDQJHGVWUXFWXUDO HOHPHQWV$GGHGDVSKDOW SDYLQJZKLFKZDV RPLWWHG&RXQW\ UHFRPPHQGVDQHZ YDOXHRIEDVHG RQFRUUHFWHGOLVWLQJ 0 877,100 215,600 01 REDUCTION 475,300 01 REDUCTION 475,300 BH/BF 9:00 AM 18 BER 11-BER010806 37310 REBPAT LEASING - ATTN: TRACY E. FAUST 20709606 N REI 0001970358-20112011-0000-0 01 Above Market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of 25 DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. 9:00 AM 19 LEVEL BER CASE NUMBER 11-BER009845 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 34927 SOUTH BOULEVARD REAL ESTATE INVESTORS / DUFF & PHELPS, LLC - ATTN: STEVEN B. GRAHAM 20701117 N REI ABS NUMBER 0001970036-20112011-0000-0 REASON 01 Above Market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of 25 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 15,198,900 APPELLANT OPINION VALUE ($) STAFF REC 13,479,800 02 NO CHANGE STAFF REC VALUE ($) DECISION 15,198,900 01 REDUCTION DECISION VALUE ($) MOTION 14,378,400 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 20 BER 11-BER010044 39462 STEELE CREEK (1997) LIMITED PARTNERSHIP / CHILDRESS KLEIN PROPERTIES ATTN: R. CHRISTOPHER THOMAS 21906105 N REI 0002008115-20112011-0000-0 01 Above Market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bove Market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of 25 DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. 9:00 AM 22 LEVEL BER CASE NUMBER 11-BER010740 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 34999 TARGET CORPORATION ATTN: ROBERT JACOBY 21906111 N REI ABS NUMBER 0002008127-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV 7KHDSSHOODQWKDVQRW VXEPLWWHGDQ\ GRFXPHQWDWLRQ APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION HENDERSON, PHIL 0 24,660,900 11,500,000 02 NO CHANGE 24,660,900 02 NO CHANGE 24,660,900 BH/BF HENDERSON, PHIL 0 16,380,900 6,600,000 02 NO CHANGE 16,380,900 02 NO CHANGE 16,380,900 BH/BF 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LV VTIW6XSHU 7DUJHW5HWDLO6WRUHDQG SDUWRID3RZHU&HQWHU WKDWLQFOXGHV+RPH 'HSRWDVDVHFRQG DQFKRUVWRUHLQWKH 5LYHUJDWH6KRSSLQJ &HQWHU&RXQW\YDOXHG SDUFHOEDVHGRQWKH ,QFRPH$SSURDFKWR YDOXHDWVTIW0DUNHW 5HQWIRUWKHSURSHUW\ W\SH7KH&RXQW\ UHFRPPHQGV1R&KDQJH LQWKHDVVHVVPHQW 9:00 AM 23 BER 11-BER010754 35024 TARGET CORPORATION T -762 - ATTN: ROBERT JACOBY 20707108 N REI 0001970196-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV 7KHDSSHOODQWKDVQRW VXEPLWWHGDQ\ GRFXPHQWDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LV VTIW7DUJHW 5HWDLO6WRUHDQGSDUWRI &DUROLQD3DYLOLRQ3RZHU &HQWHUZKLFKLQFOXGHV .RKOVDQG$0&7KHDWHUV DVDQFKRUV&RXQW\ YDOXHGSDUFHOEDVHGRQ WKH,QFRPH$SSURDFKWR YDOXHDWVTIW0DUNHW 5HQWIRUWKHSURSHUW\ W\SH7KH&RXQW\ UHFRPPHQGV1R&KDQJH LQWKHDVVHVVPHQW PAGE 16 of 25 DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 24 BER 11-BER009898 18524 NICHOLSON, MARSHA HARTIS 23121402 N REI 0002076547-20112011-0000-0 01 Above Market $33(//$17+$6 $&&(37('9$/8( 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO .$SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV 2IIHUVIHHDSSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV YDFDQWUXUDOODQG $GMXVWHGIRUVKDSH# 65 5HGXFWLRQWR WORLEY, MIKE 0 239,000 9:00 AM 25 BER 11-BER011452 39772 AMERISTEEL CORP/ ERNST & YOUNG LLP ATTN: GENE ACUFF 02501104C N REI 0001498703-20112011-0000-0 01 Above Market )RUHFORVXUH1R 6DOH'DWH6DOH3ULFH 732SLQLRQRI9DOXH 121(2))(5(' 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 121(2))(5(' 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD ,1'8675,$/)$&,/,7< 9$&$17/$1''%$ $0(5,67((/1R GRFXPHQWDWLRQQRU HYLGHQFHSURYLGHG 65 1& WORTHEN, RUSS 0 3,011,700 0 02 NO CHANGE 3,011,700 02 NO CHANGE 3,011,700 BH/BF 9:00 AM 26 BER 11-BER011451 40097 AMERISTEEL 02501104A CORPORATION / ERNST & YOUNG LLP - ATTN: GENE ACUFF N REI 0001498699-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORTHEN, 6DOH'DWH6DOH3ULFH RUSS 732SLQLRQRI9DOXH 121(2))(5(' 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 121(2))(5(' 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD ,1'8675,$/)$&,/,7< '%$$0(5,67((/1R GRFXPHQWDWLRQQRU HYLGHQFHSURYLGHG &RUUHFWHGODQGOLQH IDFWRU65 5HGXFWLRQWR 0 9,371,300 0 01 REDUCTION 8,935,700 01 REDUCTION 8,935,700 BH/BF 9:00 AM 27 BER 11-BER010368 35021 ARBORETUM OFFICE #2 LLC / CHILDRESS KLEIN PROPERTIES ATTN: RICHARD HELMS N REI 0002050998-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVUHQWUROOV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD FRPPHUFLDO2)),&( %8,/',1*&RUUHFWHG LQWLDO,QFRPH$SSURDFK YDOXDWLRQWR111IURP IXOOVHUYLFH65 5HGXFWLRQWR 0 4,947,500 1,773,390 01 REDUCTION 4,527,400 01 REDUCTION 3,427,900 BF/BH 22725107 PAGE 17 of 25 WORTHEN, RUSS 200,000 01 REDUCTION 195,500 01 REDUCTION 195,500 BF/BH DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 28 BER 11-BER010366 35075 ARBORETUM, OFFICE #ONE LLC / CHILDRESS KLEIN PROPERTIES ATTN: RICHARD HELMS 22725186 N REI 0002051059-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVUHQWUROOV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD FRPPHUFLDO2)),&( %8,/',1*&RUUHFWHG LQWLDO,QFRPH$SSURDFK YDOXDWLRQWR111IURP IXOOVHUYLFH,QFUHDVHLQ YDOXHGXHWRWKLV FRUUHFWLRQRIHUURU65 ,QFUHDVHWR WORTHEN, RUSS 0 6,377,400 3,154,950 03 INCREASE 6,546,800 01 REDUCTION 4,812,700 BH/BF 9:00 AM 29 BER 11-BER010569 41864 BALLANTYNE EAST LLC / THOMSON REUTERS ATTN: VON W. MOODY III 22350150 N REI 0002034988-20112011-0000-0 01 Above Market )RUHFORVXUH1R 6DOH'DWH6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV RSLQLRQRIYDOXH VWDWHPHQW 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD &ODVV*ROI&RXUVH 65 1& WORTHEN, RUSS 0 2,628,000 2,007,609 02 NO CHANGE 2,628,000 02 NO CHANGE 2,628,000 BF/BH 9:00 AM 30 BER 11-BER009483 34903 BALLANTYNE EAST LLC / THOMSON REUTERS ATTN: VON W. MOODY III 22350160 N REI 0002035014-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORTHEN, 6DOH'DWH6DOH3ULFH RUSS 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 5HQWUROODQGILQDQFLDOV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD &ODVV$2)),&( EXLOGLQJ$GMXVWHG1/$WR 65 5HGXFWLRQ WR 0 13,133,900 PAGE 18 of 25 8,265,957 01 REDUCTION 11,124,800 01 REDUCTION 11,124,800 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC 9:00 AM 31 BER 11-BER009856 35191 BALLANTYNE VILLAGE PARKING LLC ATTN: ROBERT B BRUNER 22354104 N REI 0002036921-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH 73CV&DVHDQG ,VVXHV)HH$SSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV 3$5.,1*/27'%$ %DOODQW\QH9LOODJH 3DUNLQJ//&8VHGLQ FRQMXFWLRQZLWKSDUFHO 9DOXH GHGXFWLRQPDGHIURPWKH ,QFRPHDSSURDFKIRUWKLV SDUFHO5HIHULQJWR)HH DSSUDLVDOVDOHV SDJH DUHIURPDQG 65 1& 0 427,800 315,250 02 NO CHANGE 9:00 AM 32 BER 11-BER009854 38000 BALLANTYNE VILLAGE PARKING LLC ATTN: ROBERT B BRUNER 22354105 N REI 0002036922-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG ,VVXHV)HH$SSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV 3$5.,1*'(&.'%$ %DOODQW\QH9LOODJH 3DUNLQJ//&8VHGLQ FRQMXFWLRQZLWKSDUFHO 9DOXH GHGXFWLRQPDGHIURPWKH ,QFRPHDSSURDFKIRUWKLV SDUFHO65 1& 0 6,194,200 25,000 02 NO CHANGE 9:00 AM 33 BER 11-BER009855 35188 BALLANTYNE VILLAGE PARKING LLC ATTN: ROBERT B BRUNER 22354106 N REI 0002036923-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG ,VVXHV)HH$SSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV 3$5.,1*/27'%$ %DOODQW\QH9LOODJH 3DUNLQJ//&8VHGLQ FRQMXFWLRQZLWKSDUFHO 9DOXH GHGXFWLRQPDGHIURPWKH ,QFRPHDSSURDFKIRUWKLV SDUFHO5HIHULQJWR)HH DSSUDLVDOVDOHV SDJH DUHIURPDQG 65 1& 0 561,900 25,000 02 NO CHANGE PAGE 19 of 25 STAFF REC VALUE ($) DECISION 427,800 01 REDUCTION 6,194,200 02 NO CHANGE 561,900 01 REDUCTION DECISION VALUE ($) MOTION 316,900 BH/BF 6,194,200 BH/BF 416,200 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 34 BER 11-BER011465 35392 BANK OF AMERICA C/O BERKADIA COMMERCIAL MORTGAGE / THE GIBBS LAW FIRM ATTN: JASON ADAMS 04721131 N REI 0001633363-20112011-0000-0 01 Above Market $33(//$17+$6 $&&(37('9$/8( 6DOH'DWH 6DOH3ULFH0 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO .$SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV 2IIHUVOHDVHIHH DSSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD FRPPHUFLDO2)),&( %XLOGLQJ$GMXVWHGWRD UHQWUDWH5HQWUROO DQG&R6WDU DGYHUWLVHPHQWVXSSRUW WKHUHQWUDWH)HH DSSUDLVDOUHIOHFWV 0DUVKDOO 6ZLIWFRVW FDOFXODWLRQRI 9LVLWHGRQ 65 5HGXFWLRQ WR WORTHEN, RUSS 0 3,483,700 9:00 AM 35 BER 11-BER009857 35203 BV RETAIL LLC ATTN: ROBERT B BRUNER 22354103 N REI 0002036920-20112011-0000-0 01 Above Market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of 25 APPELLANT OPINION VALUE ($) STAFF REC 900,000 01 REDUCTION 13,270,000 03 INCREASE STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 2,799,800 01 REDUCTION 2,799,800 BF/BH 40,574,300 01 REDUCTION 15,100,300 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 36 BER 11-BER010372 42516 CAR PROVIDENCE COMMONS LLC / LANNING CONSULTING LLC - ATTN: WANDA F. LANNING 22511230 N REI 0002040044-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 121( 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 121(2))(5(' 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV6+23 675,3'%$+$55,6 7((7(5DQGRWKHU5HWDLO VWRUHV&DOFXODWHGDUHD IRU5HWDLOVKRSVDQG 6XSHUPDUNHWVHSDUDWHO\ ,QFUHDVHGXHWKH FRUUHFWLRQWR1111R GRFXPHQWDWLRQQRU HYLGHQFHVXEPLWWHG 65 ,QFUHDVHWR 0 10,076,000 9:00 AM 37 BER 11-BER010374 39957 CAR PROVIDENCE COMMONS TWO, LLC / LANNING CONSULTING LLC - ATTN: WANDA F. LANNING 22511299 N REI 0002040115-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 121( 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 121(2))(5(' 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 9$&$17FRPPHUFLDO SDUFHO1R GRFXPHQWDWLRQQRU HYLGHQFHSURYLGHG $GMXVWHGIRUVKDSH65 5HGXFWLRQWR WORTHEN, RUSS 0 115,000 0 01 REDUCTION 109,200 01 REDUCTION 109,200 BH/BF 9:00 AM 38 BER 11-BER010375 35218 CHARLOTTE MARKET ASSOC L P / CHILDRESS KLEIN PROPERTIES ATTN: RICHARD HELMS 22756103 N REI 0002055907-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVUHQWUROOV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD FRPPHUFLDO6+23 675,3&RUUHFWHGLQWLDO ,QFRPH$SSURDFK YDOXDWLRQWR111IURP IXOOVHUYLFH([WUDFWHG +DUULV7HHWHUVTXDUH IRRWDJHIURPUHWDLOVKRS VWULS65 5HGXFWLRQWR WORTHEN, RUSS 0 10,890,200 9,770,044 01 REDUCTION 10,840,600 01 REDUCTION 9,138,400 BH/BF PAGE 21 of 25 0 03 INCREASE 12,474,400 03 INCREASE IN VALUE 12,474,400 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 39 BER 11-BER010370 35215 CHARLOTTE MARKET ASSOCIATION LP / CHILDRESS KLEIN PROPERTIES ATTN: RICHARD HELMS 22756113 N REI 0002055919-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVUHQWUROOV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD FRPPHUFLDO6+23 675,3&RUUHFWHGLQWLDO ,QFRPH$SSURDFK YDOXDWLRQWR111IURP IXOOVHUYLFH,QFUHDVHLQ YDOXHGXHWRWKLVHUURU 65 ,QFUHDVHWR WORTHEN, RUSS 0 2,760,900 9:00 AM 40 BER 11-BER009687 35031 EIGHTH STREET DEVELOPMENT CO - ATTN: MUTHU PERIAKARUPPA N 22908174 N REI 0002060954-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 121(2))(5(' 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD '(3$570(17 6725('%$7$5*(7 12GRFXPHQWDWLRQQRU HYLGHQFHSURYLGHG 65 1& WORTHEN, RUSS 0 17,435,900 9:00 AM 41 BER 11-BER010225 40023 GORDON, ROBERT V / R.B. MELLANDER & ASSOCIATES INC - ATTN: ROBERT J. PHARR 22908170 N REI 0002060947-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0WR0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVLQIRUPDWLRQ 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD )$67)22' 5(67$85$17'%$ 0&'21$/'69LVLWHG SURSHUW\RQDQG PDGH LQVSHFWLRQ0HDVXUHGDQG H[FOXGHGWKHLQGRRUSOD\ JURXQGDUHDIURPWKH LQFRPHDSSURDFK7KH ,1&20($3352$&+ LQGLFDWHVDYDOXHRI %\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI 65 5HGXFWLRQWR 0 2,521,200 PAGE 22 of 25 APPELLANT OPINION VALUE ($) STAFF REC 2,698,156 03 INCREASE 12,000,000 02 NO CHANGE 2,230,000 01 REDUCTION STAFF REC VALUE ($) DECISION 3,542,700 03 INCREASE IN VALUE 17,435,900 02 NO CHANGE 2,352,200 01 REDUCTION DECISION VALUE ($) MOTION 3,542,700 BH/BF 17,435,900 BF/BH 2,352,200 BH/BF DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 42 BER 11-BER011446 40535 KAVI LODGING LLC / CRANFORD, BUCKLEY, SCHULTZE, TOMCHIN, ALLEN & BUIE, P.A. - ATTN: GREG TOMCHIN 00114407 N REI 0001407405-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORTHEN, 6DOH'DWH6DOH3ULFH RUSS 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 0$SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD ILQDQFLDOVDQG 5(),1$1&( $335$,6$/ 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 027(/'%$(&212 /2'*(7KHSXUSRVHRI WKHDSSUDLVDOLVIRU UHILQDQFLQJ$OOFRPSV DUHVDOHVDQGWKUHH RIWKRVHDUHRXWRIVWDWH $GMXVWHGWKHUHQWDOUDWH WRDQGGHGXFWHG )) (,QFRPHDSSURDFK LQGLFDWHVDYDOXHRI %\ FRPSDULVRQWKH&RVW $SSURDFKUHYHDOVDYDOXH RI65 5HGXFWLRQWR 0 5,087,500 2,032,300 01 REDUCTION 3,505,700 01 REDUCTION 3,505,700 BH/BF 9:00 AM 43 BER 11-BER009685 34268 MARSHALL FIELD STORES INC - ATTN: MUTHU PERIAKARUPPA N 22504123A N REI 0002039308-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH6DOH3ULFH 732SLQLRQRI9DOXH0 733ULYDWH$SSUDLVDO 121($SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV 121(2))(5(' 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV '(3$570(176725( ODQG'%$7$5*(7 12GRFXPHQWDWLRQQRU HYLGHQFHSURYLGHG7KLV LVODQGRQO\65 1& WORTHEN, RUSS 0 6,947,600 5,000,000 02 NO CHANGE 6,947,600 02 NO CHANGE 6,947,600 BH/BF 9:00 AM 44 BER 11-BER009686 35455 MARSHALL FIELD STORES INC - ATTN: MUTHU PERIAKARUPPA N 22504123B N REI 0002039310-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH6DOH3ULFH 732SLQLRQRI9DOXH0 733ULYDWH$SSUDLVDO 121($SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV 121(2))(5(' 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD '(3$570(17 6725('%$7$5*(7 12GRFXPHQWDWLRQQRU HYLGHQFHSURYLGHG7KLV SDUFHOLVWKH%XLOGLQJ YDOXHRQO\65 1& WORTHEN, RUSS 0 10,934,600 5,000,000 02 NO CHANGE 10,934,600 02 NO CHANGE 10,934,600 BH/BF PAGE 23 of 25 DECISION COMMENTS Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 45 BER 11-BER010293 34868 OFFICES ON SIX LLC / THOMSON REUTERS ATTN: VON W. MOODY III 22350159 N REI 0002035013-20112011-0000-0 01 Above Market $33(//$17+$6 $&&(37('9$/8( 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVUHQWUROOV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD FRPPHUFLDO2)),&( %8,/',1*65 5HGXFWLRQWR WORTHEN, RUSS 0 1,058,400 9:00 AM 46 BER 11-BER010281 37368 RESORT BOWL LLC / THOMSON REUTERS ATTN: VON W. MOODY III 22316502 N REI 0002027650-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVVXSSRUWLQJ LQIRUPDWLRQVKHHW 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD *2/)&2856(&/$66 9LVLWHGRQ 9DOXHLVHTXLWDEOHZLWK RWKHU&ODVVFRXUVHLQ WKH&RXQW\65 1& WORTHEN, RUSS 0 17,177,700 9:00 AM 47 BER 11-BER010271 35224 SILVER RAINTREE LLC / TAX ADVANTAGE PROPERTY SERVICES ATTN: DAVE PAWLOWSKI 22515353 N REI 0002040813-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO 0E\OHDVHIHH $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 3URYLGHVOHDVHIHH DSSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVDQ 2)),&(%8,/',1* $GMXVWHG1/$WR VTXDUHIHHW5HQWUROO UHYHDOVRQFXUUHQW OHDVHVDQGDGYHUWLVLQJ# 9DOXHGE\WKH ,QFRPH$SSURDFK# %\ FRPSDULVRQWKH&RVW $SSURDFKUHYHDOVDQ LQGLFDWHGYDOXHRI 65 5HGXFWLRQWR 0 1,556,500 PAGE 24 of 25 APPELLANT OPINION VALUE ($) STAFF REC 0 01 REDUCTION 8,990,600 02 NO CHANGE 1,185,000 01 REDUCTION STAFF REC VALUE ($) DECISION 732,900 01 REDUCTION 17,177,700 02 NO CHANGE 1,400,100 01 REDUCTION DECISION VALUE ($) MOTION DECISION COMMENTS 732,900 BF/BH 17,177,700 BH/BF 1,244,600 HJ/AT This parcel was revisited on 9/26/12 due to a calculation error. Board of Equalization and Review - September 25, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 48 BER 11-BER010254 39130 TUCKER, LYNN C / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: NEAL COOPER 22756147 N REI 0002055925-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH6DOH RUSS 3ULFH0 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD FRPPHUFLDO2)),&( EXLOGLQJ1RDFWXDOUHQW UROOSURYLGHG6XEPLWWHG FOLHQWCVHPDLO VXPPDUL]DWLRQRI SURSHUW\$GMXVWHG1/$ WRVTXDUHIHHWDQG DGGUHVHUYHV9DOXHGE\ WKH,QFRPH$SSURDFKDW %\ FRPSDULVRQWKH&RVW $SSURDFKUHYHDOVDYDOXH RI65 5HGXFWLRQWR 0 1,193,600 813,200 01 REDUCTION 9:00 AM 49 BER 11-BER009696 37999 MERCY HEALTH SERVICES INC / COMPLEX PROPERTY ADVISORS CORP - ATTN: DONNIE OSBORNE 20710201 Y REI 0002621129-20112011-0000-0 01 Above Market WITHDRAWN HENDERSON, PHIL 0 10,680,800 5,000,000 WITHDRAWAL 10,680,800 Withdrawn 0 9:00 AM 50 BER 11-BER009698 38520 MERCY HEALTH SERVICES INC / COMPLEX PROPERTY ADVISORS CORP - ATTN: DONNIE OSBORNE 20710247A Y REI 0007150209-20112011-0000-0 01 Above Market WITHDRAWN HENDERSON, PHIL 0 438,200 200,000 WITHDRAWAL 438,200 Withdrawn 0 9:00 AM 51 BER 11-BER009701 39470 MERCY HEALTH SERVICES INC / COMPLEX PROPERTY ADVISORS CORP - ATTN: DONNIE OSBORNE 20710248A Y REI 0007150211-20112011-0000-0 01 Above Market WITHDRAWN HENDERSON, PHIL 0 679,700 0 WITHDRAWAL 679,700 Withdrawn 0 9:00 AM 52 BER 11-BER009288 39940 PINEVILLE BJ'S LLC / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: TOM BERRY 22151308 Y REI 0002022190-20112011-0000-0 01 Above Market WITHDRAWN WORTHEN, RUSS 0 1,056,100 840,000 WITHDRAWAL 1,056,100 Withdrawn 0 Notes: ZHUHUHPRYHGIURPWKH GRFNHWVDQGDGGHGWRWKHGRFNHWWKHSDUFHOZDVUHDVVLJQHGIURP3KLOWR'DYLG $ &$GGHGWRWKLVGRFNHWDQGDVVLJQHGWR5XVVSHU&HFLO $GGHGWRWKLVGRFNHWDQGDVVLJQHGWR5XVVSHU&HFLODVLWZDVQHYHUSUHYLRXVO\VFKHGXOHG %(53&/ZDVUHYLVLWHGRQGXHWRDFDOFXODWLRQHUURUDQGFRUUHFWHG $//0,187(6$&&(37('$1'$33529('$6/,67(')2572'$< 6+($5,1*%+%) Monday, October 01, 2012 BER MEETING MINUTES - APPROVED AND SIGNED BY PAGE 25 of 25 BER CHAIRMAN 1,153,200 01 REDUCTION 1,153,200 BF/BH DECISION COMMENTS