Board of Equalization and Review - April 4, 2012 Date run: 4/17/2012 1:03:46 PM NCPTS V4 TR-121 Appeal Docket Report Report Parameters: Calendar Pk: TIME ROW NO. 5 LEVEL Docket Date: CASE NUMBER APPEAL ID OWNER/ APPELLANT 4/4/2012 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-BER002270 37071 1924-1958 EAST 7TH ST LLC ATTN: DAVID R KRUG 16107112 N REI 0001879895-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ WORLEY, $FFHSWHG MIKE )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 471,100 286,000 01 REDUCTION 442,600 ACCEPT STAFF REC 442,600 HJ/DG 9:00 AM 2 BER 11-BER002268 36824 1924-1958 EAST 7TH ST LLC ATTN: DAVID R KRUG 16107113 N REI 0001879899-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ WORLEY, $FFHSWHG MIKE )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 1,291,200 800,000 01 REDUCTION 844,500 ACCEPT STAFF REC 844,500 DG/HJ 9:00 AM 3 BER 11-BER002720 40422 BERG, TINA K / PARADIGM TAX GROUP - ATTN: ERIC VINTON 16514304 N REI 0001884252-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 1,800,700 1,200,000 01 REDUCTION 1,623,000 ACCEPT STAFF REC 1,623,000 DG/HJ PAGE 1 of 14 DECISION COMMENTS Board of Equalization and Review - April 4, 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-BER002778 37663 BIB LLC / DAVID FADER 15717307 N REI 0001876935-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH WR 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 6DOHVDQG,QFRPH ,QIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\EHOLHYHVWKLV SURSHUW\KDVEHHQYDOXHG FRQVLVWHQWO\ZLWKRWKHU )DVW)RRGUHVWDXUDQWVLQ WKH&RXQW\:H UHFRPPHQGDQRFKDQJH LQYDOXH &RXQW\651R&KDQJH 0 1,843,300 9:00 AM 5 BER 11-BER002699 33690 GATE PETROLEUM CO INC 16108222 N REI 0001879998-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ $FFHSWHG )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV /LVWLQJLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH EXLOGLQJRQFDUGLVQR ORQJHUEHLQJXVHGDVF VWRUHFKDQJHGOLVWLQJ DQGUHGXFHGJUDGHDQG (<%RQFDUG:H UHFRPPHQGDUHGXFWLRQ LQYDOXH &RXQW\65 WORLEY, MIKE 0 757,500 9:00 AM 6 BER 11-BER001975 37443 GREEN-RAN ASSOCIATES / ERNST & YOUNG 15717302 N REI 0001876929-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 1RQH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 1RQH 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\EHOLHYHVWKLV SURSHUW\KDVEHHQYDOXHG FRQVLVWHQWO\ZLWKRWKHU %UDQFK%DQNVLQWKH &RXQW\:HUHFRPPHQG DQRFKDQJHLQYDOXH &RXQW\651R&KDQJH 0 1,130,200 PAGE 2 of 14 APPELLANT OPINION VALUE ($) STAFF REC 1,341,400 02 NO CHANGE 350,000 01 REDUCTION 0 02 NO CHANGE STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 1,843,300 ACCEPT STAFF REC 1,843,300 DG/HJ 580,700 ACCEPT STAFF REC 580,700 DG/HJ 1,130,200 ACCEPT STAFF REC 1,130,200 HJ/DG DECISION COMMENTS Board of Equalization and Review - April 4, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 7 BER 11-BER002316 33814 HENDRICK AUTOMOTIVE GROUP / DUFF & PHELPS, LLC ATTN: STEVEN B. GRAHAM 16504227 N REI 0001882782-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHDQGVDOHV LQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 12,569,200 8,099,418 01 REDUCTION 11,429,300 01 REDUCTION 10,226,100 HJ/DG 9:00 AM 8 BER 11-BER000927 41385 KIMCO CHARLOTTE LP / NELSON MULLINS RILEY & SCARBOROUGH, LLP - ATTN: CHARLES H. MERCER, JR. 16516134 N REI 0001884497-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV $SSUDLVDO 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 1,517,800 1,400,000 01 REDUCTION 1,386,300 ACCEPT STAFF REC 1,386,300 DG/HJ 9:00 AM 9 BER 11-BER000931 41366 KIMCO CHARLOTTE LP / NELSON MULLINS RILEY & SCARBOROUGH, LLP - ATTN: CHARLES H. MERCER, JR. 16516135 N REI 0001884498-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV $SSUDLVDO 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 1,113,500 1,000,000 01 REDUCTION 933,400 ACCEPT STAFF REC 933,400 DG/HJ 9:00 AM 10 BER 11-BER004441 34554 MACEMORE, ANGELIA H 16303125 N REI 0001881058-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ WORLEY, $FFHSWHG MIKE )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH WR 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 213,500 145,000 01 REDUCTION 156,500 ACCEPT STAFF REC 156,500 DG/HJ PAGE 3 of 14 DECISION COMMENTS Board of Equalization and Review - April 4, 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 ($) MOTION 9:00 AM 11 BER 11-BER000926 37065 MARGARET JACKSON LLC / NELSON MULLINS RILEY & SCARBOROUGH, LLP - ATTN: CHARLES H. MERCER, JR. 16516119 N REI 0001884487-20112011-0000-0 01 Above Market WORLEY, )RUHFORVXUH1R MIKE 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV $SSUDLVDO 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 14,069,500 6,000,000 01 REDUCTION 12,471,800 01 REDUCTION 10,690,100 HJ/DG 9:00 AM 12 BER 11-BER002447 33827 MMR HOLDINGS LLC / DUFF & PHELPS, LLC ATTN: STEVEN B. GRAHAM 13308112 N REI 0001827842-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHDQGVDOHV LQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 13,781,700 10,896,430 01 REDUCTION 12,624,700 01 REDUCTION 11,295,800 DG/HJ 9:00 AM 13 BER 11-BER002866 39568 MONTGOMERY FAMILY PROPERTIES LLC / FELLERS, SCHEWE, SCOTT & ROBERTS, INC. PROPERTY TAX MANAGEMENT ATTN: TERRY LANDERS 16514301 N REI 0001884246-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ WORLEY, $FFHSWHG MIKE )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 3,068,900 2,786,700 01 REDUCTION 2,663,900 ACCEPT STAFF REC 2,663,900 DG/HJ PAGE 4 of 14 DECISION COMMENTS (+/-) $10,700,000 Board of Equalization and Review - April 4, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 14 BER 11-BER001353 40258 NATIONAL RETAIL PROPERTIES LP / GRANT THORNTON, LLP - ATTN: ART GARCIA 16301128 N REI 0001880812-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH WR 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHDQGVDOHV LQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\EHOLHYHVWKLV SURSHUW\KDVEHHQYDOXHG FRQVLVWHQWO\ZLWKRWKHU &RQYHQLHQFHVWRUHVLQ WKH&RXQW\:H UHFRPPHQGDQRFKDQJH LQYDOXH &RXQW\651R&KDQJH 0 1,152,000 9:00 AM 15 BER 11-BER002319 41391 NEUSE INC #015 / STALLINGS GROUP - ATTN: JEFF ROBINSON 15717214 N REI 0001876890-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ WORLEY, $FFHSWHG MIKE )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 6DOHVLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 1,625,200 9:00 AM 16 BER 11-BER003676 41456 REYNOLDS, DOROTHY S / INTERNATIONAL APPRAISAL COMPANY ATTN: RICK BROWN 16503303 N REI 0001882692-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHDQGVDOHV LQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVYDOXHGWKLV SURSHUW\XVLQJDQLQFRPH SURIRUPDDQGLV FRQVLVWHQWZLWKRWKHU5LWH $LGVLQWKH&RXQW\:H UHFRPPHQGDQRFKDQJH LQYDOXH &RXQW\651R&KDQJH 0 2,872,000 PAGE 5 of 14 APPELLANT OPINION VALUE ($) STAFF REC 784,500 02 NO CHANGE STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 1,152,000 ACCEPT STAFF REC 1,152,000 HJ/DG 1,400,000 01 REDUCTION 1,477,400 ACCEPT STAFF REC 1,477,400 DG/HJ 1,750,000 02 NO CHANGE 2,872,000 ACCEPT STAFF REC 2,872,000 DG/HJ DECISION COMMENTS Board of Equalization and Review - April 4, 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-BER000388 36835 SUNBELT HOMES 16108120 N REI 0001879948-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ WORLEY, $FFHSWHG MIKE )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 257,800 171,800 01 REDUCTION 173,500 ACCEPT STAFF REC 173,500 PB/HJ 9:00 AM 18 BER 11-BER002109 37166 TULL, R READ 16303243 N REI 0001881134-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ WORLEY, $FFHSWHG MIKE )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 2,634,100 1,823,500 01 REDUCTION 1,924,100 ACCEPT STAFF REC 1,924,100 PB/HJ 9:00 AM 19 BER 11-BER002103 37172 TULL, R READ & TULL, CHAS 16303244 N REI 0001881137-20112011-0000-0 01 Above Market 9DOXHGKDVEHHQ WORLEY, $FFHSWHG MIKE )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIRUPDWLRQ 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVUDQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 1,030,500 680,100 01 REDUCTION 929,000 ACCEPT STAFF REC 929,000 PB/HJ PAGE 6 of 14 DECISION COMMENTS Board of Equalization and Review - April 4, 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-BER002309 33828 CARS DB4 LP / DUFF & PHELPS, LLC - ATTN: STEVEN B. GRAHAM 19319114 N REI 0001932737-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV5HYLHZLQIRDQG &2036 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV$872 '($/(5'%$ ,1),1,7<!!!$SSHOODQWCV FRPSVUHYHDOVLQIHULRU DQGXQTXDOLILHGVDOHV &RQYHUWHGWRWKH ,1&20($3352$&+ ,QGLFDWHGYDOXHLV %\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI65 5HGXFWLRQWR 0 4,831,400 2,605,705 01 REDUCTION 4,048,600 01 REDUCTION 3,622,500 HJ/PB 9:00 AM 21 BER 11-BER000841 36789 EAST INDEPENDENCE PROP / THOMSON REUTERS ATTN: SUZANNE MARKLEY 19319102 N REI 0001932732-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 121($SSUDLVDO 'DWH121( 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD 6DOHV5DWLR1$ &2'1$ &RXQW\CV &DVH68%-(&7LV'$< &$5(&(17(5'%$ /$3(7,7($SSHOODQW RIIHUVLQIHULRUFRPSVZLWK LQIHULRUORFDWLRQV 65 1& 0 2,140,100 1,721,200 02 NO CHANGE 2,140,100 ACCEPT STAFF REC 2,140,100 HJ/PB 9:00 AM 22 BER 11-BER000833 40466 GUY PROPERTIES LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19110305 N REI 0001930045-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 121($SSUDLVDO 'DWH121( 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD 6DOHV5DWLR1$ &2'1$ &RXQW\CV &DVH68%-(&7LV 5(7$,/%8,/',1* &RQYHUWHGWRWKH ,1&20($3352$&+ ,QFRPHDSSURDFK LQGLFDWHGYDOXHLV %\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI65 5HGXFWLRQWR $33(//$17 +$6$&&(37(' 9$/8( 0 2,939,100 2,638,000 01 REDUCTION 2,528,100 ACCEPT STAFF REC 2,528,100 PB/HJ PAGE 7 of 14 DECISION COMMENTS Board of Equalization and Review - April 4, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 23 BER 11-BER002322 33821 HENDRICK AUTOMOTIVE GROUP / DUFF & PHELPS, LLC ATTN: STEVEN B. GRAHAM 19106116 N REI 0001929427-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH6DOH3ULFH RUSS 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3URIRUPDDQG &RPSV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV$872 '($/(56+,3'%$ +(1'5,&.%0: $SSHOODQWCVFRPSVUHYHDO LQIHULRUDQG 8148$/,),('6$/(6 &RQYHUWHGWRWKH ,1&20( $3352$&+!!! LQGLFDWHGYDOXH# %\ FRPSDULVRQWKH&267 $3352$&+UHIOHFWVD YDOXHRI 65 5HGXFWLRQWR 0 5,454,400 3,432,465 01 REDUCTION 5,322,200 01 REDUCTION 4,790,700 HJ/PB 9:00 AM 24 BER 11-BER002318 33825 HENDRICK AUTOMOTIVE GROUP / DUFF & PHELPS, LLC ATTN: STEVEN B. GRAHAM 19106117 N REI 0001929428-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPDDQG &RPSV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV$872 '($/(5'%$ +(1'5,&. $&85$!!!$SSHOODQWCV FRPSVDUHLQIHULRUDQG 8148$/,),('6$/(6 &RQYHUWHGWRWKH ,1&20($3352$&+ !!!LQGLFDWHGYDOXHRI %\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI 65 ,QFUHDVHWR 0 3,009,400 2,375,479 03 INCREASE 3,077,100 01 REDUCTION 2,753,200 DG/HJ 9:00 AM 25 BER 11-BER002307 33826 HENDRICKS AUTOMOTIVE GROUP / DUFF & PHELPS, LLC ATTN: STEVEN B. GRAHAM 19106109 N REI 0001929420-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPDDQG &RPSV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV$872 '($/(5'%$/$1' 529(5!!!$SSHOODQWCV FRPSVDUHLQIHULRUDQG 8148$/,),('6$/(6 65 5HGXFWLRQWR 0 3,694,400 3,050,972 01 REDUCTION 3,012,300 ACCEPT STAFF REC 3,012,300 DG/HJ PAGE 8 of 14 DECISION COMMENTS Board of Equalization and Review - April 4, 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 26 BER 11-BER003406 39402 INDEPENDENCE SHOPPING CENTER CHARLOTTE / THOMSON REUTERS ATTN: SUZANNE MARKLEY 19101105 N REI 0001928844-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO 121($SSUDLVDO 'DWH121( 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD 6DOHV5DWLR1$ &2'1$ &RXQW\CV &DVH68%-(&7LVD %$1.'%$:(//6 )$5*2$SSHOODQWRIIHUV LQIHULRUFRPSVZLWKRXWRI FRXQW\ ORFDWLRQV&RQYHUWHGWR WKH,1&20( $3352$&+,QFRPH DSSURDFKLQGLFDWHGYDOXH LV%\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI65 ,QFUHDVHWR 0 1,059,900 9:00 AM 27 BER 11-BER000831 40363 INGRAM, JOE WILLIAM JR / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19106114 N REI 0001929425-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 121( 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVQRQH 6DOHV5DWLR1$ &2'1$ &RXQW\CV &DVH68%-(&7LV &RPPHUFLDO6HUYLFH *DUDJH1R GRFXPHQWDWLRQQRU HYLGHQFHSURYLGHG &RQYHUWHGWRWKH ,1&20($3352$&+ IURP&267,1&20( $3352$&+LQGLFDWHG YDOXHLV%\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI65 5HGXFWLRQWR WORTHEN, RUSS 0 687,500 9:00 AM 28 BER 11-BER001336 40271 NATIONAL RETAIL PROPERTIES LP / GRANT THORNTON, LLP - ATTN: ART GARCIA 19110310 N REI 0001930050-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO 121($SSUDLVDO 'DWH121( 73CV&DVHDQG,VVXHV 2IIHUV5HYLHZ6XPPDU\ 6DOHV5DWLR1$ &2'1$ &RXQW\CV &DVH68%-(&7LV &219(1,(1&( 6725('%$3(752 (;35(66$SSHOODQW RIIHUVLQIHULRUFRPSVZLWK RXWRIFRXQW\ORFDWLRQV 65 1& 0 1,091,200 PAGE 9 of 14 APPELLANT OPINION VALUE ($) STAFF REC 602,000 03 INCREASE 0 01 REDUCTION 500,000 02 NO CHANGE STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 1,083,800 ACCEPT STAFF REC 1,083,800 HJ/DG 669,400 ACCEPT STAFF REC 669,400 HJ/DG 1,091,200 ACCEPT STAFF REC 1,091,200 HJ/DG DECISION COMMENTS Board of Equalization and Review - April 4, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 29 BER 11-BER002305 37697 RENC HB LLC / DUFF & PHELPS, LLC - ATTN: STEVEN B. GRAHAM 19106118 N REI 0001929429-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVUHYLHZ 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV YDFDQWFRPPHUFLDO SDUFHOWUDFW$GMRLQV WD[SD\HUCVSDUFHO %XLOGLQJRQ SURSHUW\KDVEHHQ GHPROLVKHG65 1& WORTHEN, RUSS 0 396,000 9:00 AM 30 BER 11-BER002310 33833 RENC HB LLC / DUFF & PHELPS, LLC - ATTN: STEVEN B. GRAHAM 19106119 N REI 0001929430-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPDDQG &RPSV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV$872 '($/(5'%$0,1, &223(5!!!$SSHOODQWCV FRPSVDUHLQIHULRUDQG 8148$/,),('6$/(6 &RQYHUWHGWRWKH ,1&20($3352$&+ !!!LQGLFDWHGYDOXHRI 65 5HGXFWLRQWR 0 1,860,100 9:00 AM 31 BER 11-BER002306 37698 RENC HB LLC / DUFF & PHELPS, LLC - ATTN: STEVEN B. GRAHAM 19106120 N REI 0001929431-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVUHYLHZ 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV YDFDQWFRPPHUFLDO SDUFHOWUDFW$GMRLQV WD[SD\HUCVSDUFHO 65 1& 0 154,700 PAGE 10 of 14 WORTHEN, RUSS APPELLANT OPINION VALUE ($) STAFF REC 290,370 02 NO CHANGE 1,053,700 01 REDUCTION 141,830 02 NO CHANGE STAFF REC VALUE ($) DECISION 396,000 ACCEPT STAFF REC DECISION VALUE ($) MOTION 396,000 DG/HJ 1,224,300 01 REDUCTION 1,095,400 DG/HJ 154,700 01 REDUCTION 139,300 DG/HJ DECISION COMMENTS Board of Equalization and Review - April 4, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 32 BER 11-BER000830 40374 RW RENTALS LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19102205 N REI 0001928856-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPDDQG OHDVHDJUHHPHQW 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD :DUHKRXVH/HDVH DJUHHPHQWVXEPLWWHGE\ DSSHOODQWUHIOHFWVDUDWH RI$GMXVWHG DFFRUGLQJO\65 5HGXFWLRQWR $33(//$17 +$6$&&(37(' 9$/8( 0 5,712,200 4,715,000 01 REDUCTION 4,742,200 ACCEPT STAFF REC 4,742,200 DG/HJ 9:00 AM 33 BER 11-BER002297 40128 SHREEJI HOSPITALITY OF CHARLOTTE / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: TOM BERRY 19102211 N REI 0001928867-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3URIRUPD 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV 2)),&( %8,/',1*&RQYHUWHGWR WKH,1&20( $3352$&+!!! LQGLFDWHGYDOXH# %\ FRPSDULVRQWKH&267 $3352$&+UHIOHFWVD YDOXHRI 65 ,QFUHDVHWR WORTHEN, RUSS 0 1,511,400 1,211,000 03 INCREASE 1,545,300 ACCEPT STAFF REC 1,545,300 HJ/DG 9:00 AM 34 BER 11-BER002582 41034 WINDSOR AT GREYLYN LLC / PARADIGM TAX GROUP - ATTN: ERIC VINTON 19309103 N REI 0001932064-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 3UR)RUPDDQG5HQW5ROOV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVDQ :$5(+286(2)),&(! !!&RQYHUWHGWRWKH ,1&20($3352$&+ LQGLFDWHGYDOXHLV 9LVLWHG 65 5HGXFWLRQWR 0 8,286,300 2,590,400 01 REDUCTION 7,496,400 ACCEPT STAFF REC 7,496,400 HJ/DG PAGE 11 of 14 DECISION COMMENTS Board of Equalization and Review - April 4, 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 35 BER 11-BER002578 40546 WINDSOR AT GREYLYN LLC / PARADIGM TAX GROUP - ATTN: ERIC VINTON 19309104 N REI 0001932065-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 123UR)RUPD 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD SDUFHOWKDWFRQWDLQV VHYHQFRPPHULFDO ZDUHKRXVH2)),&( EXLOGLQJV&RQYHUWHGWR WKH,1&20( $3352$&+# %\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI 9LVLWHG65 ,QFUHDVHWR 0 12,300,100 8,700,000 03 INCREASE 12,407,500 01 REDUCTION 11,718,200 HJ/DG 9:00 AM 36 BER 11-BER002591 40178 WINDSOR AT GREYLYN LLC / PARADIGM TAX GROUP - ATTN: ERIC VINTON 19309108 N REI 0001932069-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVSDUFHO WKDWFRQWDLQV FRPPHUFLDOEXLOGLQJV %HLQJXVHGDV5(7$,/ 6+23675,3 2)),&(6DQG0HGLFDO 2)&9DOXHGE\WKH ,1&20($3352$&+# %\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI 9LVLWHG65 5HGXFWLRQWR 0 17,524,100 7,859,300 01 REDUCTION 16,841,600 ACCEPT STAFF REC 16,841,600 DG/HJ 9:00 AM 37 BER 11-BER002596 40545 WINDSOR AT GREYLYN LLC / PARADIGM TAX GROUP - ATTN: ERIC VINTON 19309110 N REI 0002620723-20112011-0000-0 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%-(&7LV /$5*(:$5(+286( ZLWK5(7$,/ )5217$*(!!!&RQYHUW HGWRWKH,1&20( $3352$&+LQGLFDWHG YDOXHLV%\ FRPSDULVRQWKH&267 $3352$&+UHYHDOVD YDOXHRI 9LVLWHG65 ,QFUHDVHWR 0 3,142,800 3,000,000 03 INCREASE PAGE 12 of 14 WORTHEN, RUSS 4,327,300 03 INCREASE IN VALUE 4,207,100 DG/HJ DECISION COMMENTS Board of Equalization and Review - April 4, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON 9:00 AM 38 BER 11-BER002450 39566 WOM CREP LLC / DUFF & PHELPS, LLC - ATTN: STEVEN B. GRAHAM 19110335 N REI 0001930093-20112011-0000-0 01 Above Market 9:00 AM 39 BER 11-BER003133 41565 CIRCLE K STORES INC / DOUG MORGAN & CO, INC ATTN: DOUG MORGAN 16501106 Y REI 0001882342-20112011-0000-0 01 Above Market 9:00 AM 40 BER 11-BER003292 40862 DOMAR-4500 MONROE, LLC / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: NEAL COOPER 16107118 Y REI 0001879903-20112011-0000-0 9:00 AM 41 BER 11-BER001043 40373 HD DEVELOPMENT OF MARYLAND INC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 15711207 Y REI 9:00 AM 42 BER 11-BER002672 33835 LAPOINTE INC / PARADIGM TAX GROUP - ATTN: ERIC VINTON 16515113 Y 9:00 AM 43 BER 11-BER002661 41623 LAPOINTE MANAGEMENT LLC / PARADIGM TAX GROUP ATTN: ERIC VINTON 16515101 9:00 AM 44 BER 11-BER002664 41609 LAPOINTE MANAGEMENT LLC / PARADIGM TAX GROUP ATTN: ERIC VINTON 9:00 AM 45 BER 11-BER000832 40391 AMERICAN STORE LOCK #4 LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE STAFF NOTES APPRAISER )RUHFORVXUH12 WORTHEN, 6DOH'DWH6DOH RUSS 3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3URIRUPDDQG &RPSV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV$872 '($/(56+,3'%$ 6$7851$SSHOODQWCV FRPSVSURYLGHGUHYHDO LQIHULRUDQG 8148$/,),('6$/(6 &RQYHUWHGWRWKH ,1&20( $3352$&+!!! LQGLFDWHGYDOXH# %\ FRPSDULVRQWKH&267 $3352$&+UHIOHFWVD YDOXHRI 65 5HGXFWLRQWR PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 0 3,574,400 2,777,775 01 REDUCTION 3,436,000 01 REDUCTION WORLEY, MIKE 0 1,284,600 1,107,000 WITHDRAWAL 1,284,600 Withdrawn 0 01 Above Market WORLEY, MIKE 0 1,783,200 1,500,000 WITHDRAWAL 1,783,200 Withdrawn 0 0001875596-20112011-0000-0 01 Above Market WORLEY, MIKE 0 6,183,400 0 WITHDRAWAL 6,183,400 Withdrawn 0 REI 0001884419-20112011-0000-0 01 Above Market WORLEY, MIKE 0 7,529,800 4,500,000 WITHDRAWAL 7,529,800 Withdrawn 0 Y REI 0001884405-20112011-0000-0 01 Above Market WORLEY, MIKE 0 375,400 200,000 WITHDRAWAL 375,400 Withdrawn 0 16515138 Y REI 0001884440-20112011-0000-0 01 Above Market WORLEY, MIKE 0 329,300 200,000 WITHDRAWAL 329,300 Withdrawn 0 19108107 Y REI 0001929505-20112011-0000-0 01 Above Market WORTHEN, RUSS 0 1,584,800 0 WITHDRAWAL 1,584,800 Withdrawn 0 PAGE 13 of 14 3,074,300 DG/HJ DECISION COMMENTS Board of Equalization and Review - April 4, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 46 BER 11-BER000642 40361 EAST INDEPENDENCE PROP / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19319208 Y REI 0001932750-20112011-0000-0 01 Above Market WORTHEN, RUSS 0 315,800 0 WITHDRAWAL 315,800 Withdrawn 0 9:00 AM 47 BER 11-BER000834 40692 GUY PROPERTIES LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19110306 Y REI 0001930046-20112011-0000-0 01 Above Market WORTHEN, RUSS 0 3,902,000 0 WITHDRAWAL 3,902,000 Withdrawn 0 9:00 AM 48 BER 11-BER000873 40459 INGRAM, JOE WILLIAM JR / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19105303 Y REI 0001929410-20112011-0000-0 01 Above Market WORTHEN, RUSS 0 284,800 0 WITHDRAWAL 284,800 Withdrawn 0 9:00 AM 49 BER 11-BER000635 40530 SLAM PROPERTIES LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19319117 Y REI 0001932741-20112011-0000-0 01 Above Market WORTHEN, RUSS 0 3,633,800 0 WITHDRAWAL 3,633,800 Withdrawn 0 Notes: 5HVFKHGXOHGIURPWRGXHWRPHGLFDOUHDVRQV $//0,187(6)2572'$<60((7,1*$5($*5(('72$1'$&&(37('$6/,67(''*+- Tuesday, April 17, 2012 BER MEETING MINUTES - APPROVED AND SIGNED BY PAGE 14 of 14 BER CHAIRMAN DECISION COMMENTS