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
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6,585,000
5,200,000 01
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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(
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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
STAFF NOTES
APPRAISER
)RUHFORVXUH12
HENDERSON,
6DOH'DWH
PHIL
6DOH3ULFH
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO12
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PAGE 2 of 25
PENALTY
AMOUNT
($)
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
73+$6$&&(37('
HENDERSON,
7+($66(66('9$/8( PHIL
2)
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LQWKHDUHD
7KH&RXQW\UHFRPPHQGV
1R&KDQJHLQWKH
DVVHVVPHQW
0
962,600
9:00 AM 5
BER
11-BER010052
42196
CNL INCOME
FEC
CHARLOTTE
LLC / PROPERTY
TAX SERVICE
COMPANY
20708114
N
REI
0001970247-20112011-0000-0
01 Above
Market
73KDVDFFHSWHGWKHQHZ HENDERSON,
YDOXHRI
PHIL
)RUHFORVXUH12
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$SSUDLVDO'DWH1$
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0
6,830,400
PAGE 3 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
STAFF NOTES
APPRAISER
)RUHFORVXUH12
HENDERSON,
6DOH'DWH1$6DOH
PHIL
3ULFH1$
732SLQLRQRI9DOXH
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PAGE 4 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
STAFF NOTES
APPRAISER
73+$6$&&(37('
HENDERSON,
7+($66(66('9$/8( PHIL
2)
)RUHFORVXUH1R
6DOH'DWH1$6DOH
3ULFH1$
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH
1$
73CV&DVHDQG,VVXHV
$SSHOODQWVXEPLWWHGD
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$FWXDOYDFDQF\
ZDVXVHG#7KH
QHZYDOXHZDVUHGXFHG
WR
PAGE 5 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
STAFF NOTES
APPRAISER
73+$6$&&(37('
HENDERSON,
7+($66(66('9$/8( PHIL
2)
)RUHFORVXUH1R
6DOH'DWH1$6DOH
3ULFH1$
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733ULYDWH$SSUDLVDO
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1$
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PAGE 6 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
STAFF NOTES
APPRAISER
73+$6$&&(37('
HENDERSON,
7+($66(66('9$/8( PHIL
2)
)RUHFORVXUH1R
6DOH'DWH1$6DOH
3ULFH1$
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PAGE 7 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
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6DOH'DWH1$6DOH
3ULFH1$
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733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH
1$
73CV&DVHDQG,VVXHV
$SSHOODQWKDVVXSSOLHG
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WKHLQGXVWULDODUHD7KH
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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
73+$6$&&(37('
HENDERSON,
7+(1(:9$/8(2)
PHIL
9DFDQW/DQG
)RUHFORVXUH12
6DOH'DWH1$6DOH
3ULFH1$
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RWKHUVLPLODUSDUFHOVLQ
WKHLQGXVWULDODUHD7KH
&RXQW\UHFRPPHQGVD
QHZDVVHVVHGYDOXHRI
0
167,600
44,000 01
REDUCTION
123,600 01
REDUCTION
123,600 BH/BF
PAGE 8 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
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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
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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
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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
STAFF NOTES
APPRAISER
73+$6$&&(37('
7+(1(:9$/8(2)
)RUHFORVXUH12
6DOH'DWH
6DOH3ULFH
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH
1$
73CV&DVHDQG,VVXHV
7KHDSSHOODQW6XEPLWWHG
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HENDERSON,
PHIL
6DOHV5DWLR1$
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%8<DVDQFKRUWHQDQW
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$SSURDFKWRYDOXHDW
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73CUHQW$OVRWKLV
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DVVXSSRUW
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7KHFRXQW\
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PAGE 10 of 25
PENALTY
AMOUNT
($)
0
PENALTY
DECISION
APPR
VALUE ($)
8,674,500
APPELLANT
OPINION VALUE
($)
STAFF REC
7,200,000 01
REDUCTION
STAFF REC
VALUE ($)
DECISION
8,150,900 01
REDUCTION
DECISION
VALUE ($)
MOTION
8,150,900 BF/BH
DECISION
COMMENTS
Board of Equalization and Review - September 25, 2012
TIME
ROW
NO.
9:00 AM 15
LEVEL
BER
CASE
NUMBER
11-BER010387
APPEAL
ID
OWNER/
APPELLANT
PARCEL
ID/ VIN
CONSE
NT
ABS
TYPE
35048
PROMENADE
SHOPPING
CENTER LLC /
PARKER POE
ADAMS &
BERNSTEIN LLP
- ATTN:
CHARLES E.
RAYNAL, IV
22915126
N
REI
ABS NUMBER
0002064688-20112011-0000-0
REASON
01 Above
Market
STAFF NOTES
APPRAISER
73+$6$&&(37('
HENDERSON,
7+(1(:9$/8(2)
PHIL
)RUHFORVXUH12
6DOH'DWH1$6DOH
3ULFH1$
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH
1$
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VTIW0DUNHW5HQW
IRUWKHSURSHUW\W\SH7KH
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DV6XSSRUW
GRFXPHQWDWLRQ7KHUHQW
UROOVXEPLWWHGE\WKH73
IRUWKLVRWKHUSDUFHO
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DVVHVVPHQW
7KH&RXQW\UHFRPPHQGV
1R&KDQJH
PAGE 11 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
STAFF NOTES
APPRAISER
73+$6$&&(37('
HENDERSON,
7+(1(:9$/8(2)
PHIL
)RUHFORVXUH12
6DOH'DWH1$6DOH
3ULFH1$
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH
1$
73CV&DVHDQG,VVXHV
7KHDSSHOODQW6XEPLWWHG
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GRFXPHQWDWLRQ
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1$
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3RZHU&HQWHUWKDW
LQFOXGHV2Q7KH%RUGHU
DQG0DFDURQLJULOO
UHVWDXUDQWV6WHLQ0DUW
1H[WHO6WDUEXFNV
DPRQJRWKHUV
&RXQW\YDOXHGSDUFHO
EDVHGRQWKH,QFRPH
$SSURDFKWRYDOXHDW
VTIW0DUNHW
5HQWIRUWKHSURSHUW\
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5HQW5ROOWKDWFRQFXUV
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5DWHRQWKH%XLOGLQJV
H[FHSWIRUWKH6WHLQ0DUW
ORFDWLRQ#SVIDV
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7KH&$3UDWHZDV
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VSDFHWRDQGWKH
UHPDLQGHUZDVOHIWDW
PDUNHW$VDUHVXOWWKH
&RXQW\DGMXVWHGWKH
LQFRPHIRUWKDWVI
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LQWKHRYHUDOOYDOXHWR
7KHFRXQW\UHFRPPHQGV
D5HGXFWLRQLQYDOXHWR
PAGE 12 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
)RUHFORVXUH12
HENDERSON,
6DOH'DWH1$6DOH
PHIL
3ULFH1$
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH
1$
73CV&DVHDQG,VVXHV
$SSHOODQWKDVVXSSOLHG
QRFRPSDUDEOHVQR
OHDVHLQIRUPDWLRQ
6DOHV5DWLR1$&2'
1$
&RXQW\CV&DVH7KH
VXEMHFWSURSHUW\LVD
&DSWDLQ'C6)DVW)RRG
DQGLVJHQHUDOO\
UHJDUGHGDV7LHU)DVW
)RRG&KDLQ7KHYDOXH
VHQWRXWLQLWLDOO\YLDWKH
&RVW$SSURDFK&RXQW\
KDVYDOXHGSDUFHOEDVHG
RQWKH,QFRPH$SSURDFK
ZLWKDUHQWDOUDWHWKDWLV
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FRPSDUDEOH1DWLRQDO
)DVW)RRG&KDLQVLQ
0HFNOHQEXUJ&RXQW\DW
VTIW3URSHUW\LV
HTXLWDEO\OLVWHGDVZHOO
7KLVSURSHUW\ZDV
UHGXFHGLQWKHLQIRUPDO
IURPWLHUWR
1RFKDQJHLV
UHFRPPHQGHG
0
866,100
750,380 02 NO
CHANGE
866,100 01
REDUCTION
795,800 BH/BF
PAGE 13 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
STAFF NOTES
APPRAISER
)RUHFORVXUH1R
HENDERSON,
6DOH'DWH1$6DOH PHIL
3ULFH1$
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH1$
73CV&DVHDQG,VVXHV
$SSHOODQWVXSSOLHGDQ
LQFRPHDQDO\VLVDQG
FRPSVDVVXSSRUW
GRFXPHQWDWLRQ
6DOHV5DWLR1$&2'
1$
&RXQW\CV&DVH7KH
VXEMHFWSURSHUW\LVD
+HQGULFN+RQGD
'HDOHUVKLSORFDWHGRQ
6RXWK%OYGZLWKDSSUR[
VTXDUHIHHWDQG
DFUHV7KHDSSHOODQW
VXSSOLHGDQLQFRPH
DQDO\VLVZLWKDQ
LQGLFDWHGYDOXHRI
EOGJ DQG
FRPSVWKDWDUHQRW
FRPSDUDEOH VPDOOHU
EXLOGLQJDQGODQGDUHDV
DQGQRWFORVHWRWKH
VXEMHFW
7KH,PSURYHPHQWVDQG
/DQGDUHHTXLWDEO\OLVWHG
7KH&RXQW\UHFRPPHQGV
D1R&KDQJHLQ
DVVHVVPHQW
,QFOXGHGDUHFRPSV
VKRZLQJDUDQJHIURP
GLVWUHVVHG WR
SVI6XEMHFWKDV
DUDQJHRIIRU
EDVHDUHDDQG
IRURIILFH6KHHWLQFOXGHG
PAGE 14 of 25
PENALTY
AMOUNT
($)
0
PENALTY
DECISION
APPR
VALUE ($)
15,198,900
APPELLANT
OPINION VALUE
($)
STAFF REC
13,479,800 02 NO
CHANGE
STAFF REC
VALUE ($)
DECISION
15,198,900 01
REDUCTION
DECISION
VALUE ($)
MOTION
14,378,400 BH/BF
DECISION
COMMENTS
Board of Equalization and Review - September 25, 2012
TIME
ROW
NO.
LEVEL
CASE
NUMBER
APPEAL
ID
OWNER/
APPELLANT
PARCEL
ID/ VIN
CONSE
NT
ABS
TYPE
ABS NUMBER
REASON
STAFF NOTES
APPRAISER
PENALTY
AMOUNT
($)
PENALTY
DECISION
APPR
VALUE ($)
APPELLANT
OPINION VALUE
($)
STAFF REC
STAFF REC
VALUE ($)
DECISION
DECISION
VALUE ($)
MOTION
9:00 AM 20
BER
11-BER010044
39462
STEELE CREEK
(1997) LIMITED
PARTNERSHIP /
CHILDRESS
KLEIN
PROPERTIES ATTN: R.
CHRISTOPHER
THOMAS
21906105
N
REI
0002008115-20112011-0000-0
01 Above
Market
73+$6$&&(37('
HENDERSON,
7+(1(:$66(66('
PHIL
9$/8(2)
9DFDQW/DQG
)RUHFORVXUH12
6DOH'DWH6DOH
3ULFH HVWDWH
VDOH
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH1$
73CV&DVHDQG,VVXHV
$SSHOODQWKDVVXSSOLHG
ODQGVDOHVRIODUJH
DFUHDJHWUDFWV
6DOHV5DWLR1$
&2'1$
&RXQW\CV&DVH7KH
VXEMHFWSURSHUW\LVD
YDFDQWFRPPHUFLDOO\
]RQHGRIILFHODQGRI
DFUHWUDFWORFDWHGRQ6
7U\RQDGMDFHQWWRWKH
5LYHUJDWH6KRSSLQJ
&HQWHU7KLVSDUFHOKDV
DSSUR[LPDWHO\IHHWRI
IURQWDJHZLWKOLPLWHG
DFFHVVDQGKDVQRWRSR
LVVXHV7KH73KDV
RIIHUHGQRFRPSDUDEOH
VDOHWRMXVWLI\KLV
UHTXHVWHGYDOXH
7KH&RXQW\UHFRPPHQGV
DQHZYDOXHEDVHGRQ
WKHDFFHVV
0
753,400
316,800 01
REDUCTION
565,100 01
REDUCTION
565,100 BF/BH
9:00 AM 21
BER
11-BER010047
39466
STEELE CREEK
(1997) LIMITED
PARTNERSHIP /
CHILDRESS
KLEIN
PROPERTIES ATTN: R.
CHRISTOPHER
THOMAS
21906109
N
REI
0002008125-20112011-0000-0
01 Above
Market
73+$6$&&(37('
HENDERSON,
7+(1(:$66(66('
PHIL
9$/8(2)
9DFDQW/DQG
)RUHFORVXUH12
6DOH'DWH1$6DOH
3ULFH1$
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$SSUDLVDO'DWH
1$
73CV&DVHDQG,VVXHV
$SSHOODQWKDVVXSSOLHG
VDOHVRIODUJHUSDUFHOV
6DOHV5DWLR1$
&2'1$
&RXQW\CV&DVH7KH
VXEMHFWSURSHUW\LVD
YDFDQWFRPPHUFLDOO\
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ORFDWHGRIIRI67U\RQ
DGMDFHQWWRWKH5LYHUJDWH
6KRSSLQJ&HQWHU,Q
UHYLHZLQJWKHOLVWLQJRQ
WKLVYDFDQWODQGWKH
QEKGPRGLILHUZDV
UHPRYHGWRHTXDOL]HWKH
YDOXHVDQGWKH&RXQW\
UHFRPPHQGVDQHZ
YDOXHRI
0
3,675,500
2,242,460 01
REDUCTION
2,526,000 01
REDUCTION
2,526,000 BF/BH
PAGE 15 of 25
DECISION
COMMENTS
Board of Equalization and Review - September 25, 2012
TIME
ROW
NO.
9:00 AM 22
LEVEL
BER
CASE
NUMBER
11-BER010740
APPEAL
ID
OWNER/
APPELLANT
PARCEL
ID/ VIN
CONSE
NT
ABS
TYPE
34999
TARGET
CORPORATION ATTN: ROBERT
JACOBY
21906111
N
REI
ABS NUMBER
0002008127-20112011-0000-0
REASON
01 Above
Market
STAFF NOTES
)RUHFORVXUH12
6DOH'DWH1$6DOH
3ULFH1$
732SLQLRQRI9DOXH
733ULYDWH$SSUDLVDO
1$$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$6DOH
3ULFH1$
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BER
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ROW
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BER
11-BER011446
40535
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LLC /
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9:00 AM 44
BER
11-BER009686
35455
MARSHALL
FIELD STORES
INC - ATTN:
MUTHU
PERIAKARUPPA
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5,000,000 02 NO
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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(
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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
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Market
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9:00 AM 47
BER
11-BER010271
35224
SILVER
RAINTREE LLC /
TAX
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PROPERTY
SERVICES ATTN: DAVE
PAWLOWSKI
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N
REI
0002040813-20112011-0000-0
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Market
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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
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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:
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$ &$GGHGWRWKLVGRFNHWDQGDVVLJQHGWR5XVVSHU&HFLO
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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