Board of Equalization and Review - May 2, 2012 Date run: 5/10/2012 9:17:54 AM NCPTS V4 TR-121 Appeal Docket Report Report Parameters: Calendar Pk: TIME ROW NO. 5 LEVEL Docket Date: CASE NUMBER 5/2/2012 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 ($) MOTION 9:00 AM 1 BER 11-BER002782 37671 CHICK-FIL-A INC - ATTN: DAVID FADER 19323134 N REI 0001933022-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIR 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\¶VYDOXHZHQWRXW EDVHGRQFRVWDOO&KFN )LO$µVLQWKH&RXQW\ KDYHEHHQDSSUDLVHGE\ LQFRPH5HFRPPHQG VOLJKWLQFUHDVH &RXQW\65 0 1,916,800 1,124,000 03 INCREASE 2,013,300 01 REDUCTION 1,711,300 HJ/ZH 9:00 AM 2 BER 11-BER000788 41216 CONSUMER PROGRAMS INCORPORATED / CUSHMAN & WAKEFIELD OF NORTH CAROLINA, INC ATTN: JEFF SMITH 19329117 N REI 0001933485-20112011-0000-0 01 Above Market 9DOXHKDVEHHQDFFHSWHG WORLEY, )RUHFORVXUH1R MIKE 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH $SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV $SSUDLVDO 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVSURYLGHDSUR IRUPDWKDWVXSSRUWVD UHGXFWLRQRIYDOXH &RXQW\65 0 9,364,000 3,280,000 01 REDUCTION 3,450,600 01 REDUCTION 3,450,600 ZH/HJ 9:00 AM 3 BER 11-BER000521 36840 GALPIN HOLDINGS LLC / PAMELA SIEBER 19326301 N REI 0001933216-20112011-0000-0 01 Above Market 9DOXHKDVEHHQDFFHSWHG WORLEY, )RUHFORVXUH1R MIKE 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPH,QIR 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVSURYLGHDSUR IRUPDWKDWVXSSRUWVD UHGXFWLRQRIYDOXH &RXQW\65 0 407,700 250,000 01 REDUCTION 314,000 01 REDUCTION 314,000 HJ/ZH PAGE 1 of 12 DECISION COMMENTS Board of Equalization and Review - May 2, 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 ($) MOTION 9:00 AM 4 BER 11-BER000734 39623 INDEPENDENCE PARKWAY PROP LLC / BLUESTONE LAW OFFICES ATTN: CHARLES L. BLUESTONE 19329308 N REI 0001933620-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH(IIHFWLYH'DWH 73CV&DVHDQG,VVXHV $SSUDLVDO 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\UHFRPPHQGVD UHGXFWLRQLQYDOXH &RXQW\65 0 6,427,000 3,600,000 01 REDUCTION 4,693,100 01 REDUCTION 3,906,400 HJ/ZH 9:00 AM 5 BER 11-BER003847 38224 KANTZA LLC 19329136 N REI 0001933494-20112011-0000-0 01 Above Market 9DOXHKDVEHHQDFFHSWHG WORLEY, )RUHFORVXUH1R MIKE 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV %XLOGLQJLQIR 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\FRUUHFWHGWKH EXLOGLQJ¶VVTXDUHIRRW DQGUHFRPPHQGD UHGXFWLRQLQYDOXH&RXQW\ 65 0 1,157,300 850,000 01 REDUCTION 986,800 01 REDUCTION 986,800 HJ/ZH 9:00 AM 6 BER 11-BER000022 36830 KTP PROPERTIES LLC - ATTN: CATHERINE W. PEACOCK 19326302 N REI 0001933218-20112011-0000-0 01 Above Market 9DOXHKDVEHHQDFFHSWHG WORLEY, )RUHFORVXUH1R MIKE 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPH,QIR 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\KDVSURYLGHDSUR IRUPDWKDWVXSSRUWVD UHGXFWLRQRIYDOXH &RXQW\65 0 334,400 280,833 01 REDUCTION 298,200 01 REDUCTION 298,200 ZH/HJ 9:00 AM 7 BER 11-BER003559 40496 MATTHEWS MEDICAL PARK ASSOC LLC / THOMSON REUTERS 19329127 N REI 0001933488-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH WR 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPHLQIR 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\¶VKDVUXQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 1,898,400 963,481 01 REDUCTION 1,445,100 01 REDUCTION 1,445,100 ZH/HJ PAGE 2 of 12 DECISION COMMENTS Board of Equalization and Review - May 2, 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 8 BER 11-BER000639 40635 MATTHEWS MEDICAL PARTNERS LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19329107 N REI 0001933471-20112011-0000-0 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\¶VKDVUXQDQ LQFRPHSURIRUPDDQG UHFRPPHQGVDUHGXFWLRQ LQYDOXH &RXQW\65 0 2,928,300 9:00 AM 9 BER 11-BER000643 40584 PARK ROAD LIMITED LIABILITY CO / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19324520 N REI 0001933059-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH(IIHFWLYH'DWH 73CV&DVHDQG,VVXHV $SSUDLVDO 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\¶V&RVWDSSURDFK DQGLQFRPHDSSURDFK XVLQJPDUNHWGDWD VXSSRUWV&RXQW\¶VYDOXH &RXQW\651R&KDQJH 0 3,108,400 9:00 AM 10 BER 11-BER003300 37374 SL E INVESTMENTS LLC / TAX ADVANTAGE PROPERTY SERVICES ATTN: DAVE PAWLOWSKI 19330203 N REI 0001933634-20112011-0000-0 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\UHFRPPHQGVD UHGXFWLRQLQYDOXH &RXQW\65 0 9:00 AM 11 BER 11-BER001423 39697 SNS PROPERTIES LLC / TAX ADVANTAGE PROPERTY SERVICES ATTN: DAVE PAWLOWSKI 19323137 N REI 0001933027-20112011-0000-0 01 Above Market )RUHFORVXUH1R WORLEY, 6DOH'DWH MIKE 6DOH3ULFH 732SLQLRQRI9DOXH WR 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV ,QFRPH,QIR 6DOHV5DWLR1$ &2'1$ &RXQW\CV&DVH7KH &RXQW\¶VYDOXHZHQWRXW EDVHGRQFRVWZKHQ FRQYHUWHGWR,QFRPH WKHUHLVDQLQFUHDVHLQ YDOXH &RXQW\65 0 PAGE 3 of 12 APPELLANT OPINION VALUE ($) STAFF REC 0 01 REDUCTION STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 2,322,500 01 REDUCTION 2,322,500 HJ/ZH 2,460,000 02 NO CHANGE 3,108,400 02 NO CHANGE 3,108,400 HJ/ZH 1,509,200 1,300,000 01 REDUCTION 1,321,100 01 REDUCTION 1,321,100 ZH/HJ 3,132,400 2,300,000 03 INCREASE 3,609,500 03 INCREASE IN VALUE 3,196,000 ZH/HJ DECISION COMMENTS Board of Equalization and Review - May 2, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 20729145A N REI 0001974054-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH6DOH3ULFH RUSS 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPDDQG UHQWUROOV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 0(',&$/2)),&( %8,/',1*$GMXVWHG1/$ WRDQGFRQYHUWHG IURP 11165 5HGXFWLRQWR 0 4,438,400 2,100,000 01 REDUCTION 2,607,700 01 REDUCTION 2,607,700 ZH/HJ 9:00 AM 12 BER 11-BER003562 40502 10370 PARK CROSSING / THOMSON REUTERS 9:00 AM 13 BER 11-BER002314 33812 CAR SON MAS LP / DUFF & PHELPS, LLC ATTN: STEVEN B. GRAHAM 20708122 N REI 0001970265-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVDQ $872 '($/(56+,3'%$ $512/'3$/0(5 &$',//$&&RUUHFWHG JUDGHIURPDWRD &RVW$SSURDFKQRZ UHYHDOVDYDOXHRI %\ FRPSDULVRQWKH,QFRPH $SSURDFKUHYHDOVDQ LQGLFDWHGYDOXHRI 65 ,QFUHDVHWR WORTHEN, RUSS 0 8,098,100 6,700,000 03 INCREASE 9,258,500 03 INCREASE IN VALUE 8,223,700 ZH/HJ 9:00 AM 14 BER 11-BER002786 37669 CHICK-FIL-A INC - ATTN: DAVID FADER 20707112 N REI 0001970201-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD )$67)22' 5(67$85$17'%$ &+,&),/$&RXQW\KDV XQLIRUPDOO\XWLOL]HGD PDUNHWUHQWUDWHRI IRUIDVWIRRG HVWDEOLVKPHQWV9DOXHG E\WKH,1&20( $3352$&+# %\ FRPSDULVRQWKH&267 $3352$&+UHQGHUVD YDOXHRI 65 1& WORTHEN, RUSS 0 1,705,500 1,190,100 02 NO CHANGE 1,705,500 02 NO CHANGE 1,705,500 HJ/ZH PAGE 4 of 12 DECISION COMMENTS Board of Equalization and Review - May 2, 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 15 BER 11-BER003667 41447 EUBANKS LTD / INTERNATIONAL APPRAISAL COMPANY ATTN: RICK BROWN 20709323 N REI 0001970304-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV '58*6725('%$ 5,7($,'!!!7KLVSDUFHO LQGLFDWHVDSHU VTXDUHIRRWYDOXHYHUVXV QDWLRQDOPHGLDQDVNLQJ SULFHRI&RQYHUWHG WRWKH,1&20( $352$&+ZKLFK SURGXFHVDYDOXHRI 65 ,QFUHDV HWR 0 2,599,700 9:00 AM 16 BER 11-BER000640 40476 HD DEVELOPMENT OF MARYLAND INC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 20708119 N REI 0001970257-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 121( 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 121(2))(5(' 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV 5(7$,/ %8,/',1*!'%$ +20('(3271R GRFXPHQWDWLRQQRU HYLGHQFHSURYLGHG 9DOXHGE\WKH,1&20( $3352$&+# XWLOL]LQJ PDUNHWUHQWUDWH111 &$365 1& 0 13,045,800 0 02 NO CHANGE 13,045,800 02 NO CHANGE 13,045,800 ZH/HJ 9:00 AM 17 BER 11-BER004455 13928 KERKHOFF, WAYNE & KERKHOFF, NANCY 20728116 N REI 0001973834-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH6DOH 3ULFH. 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVFORVLQJ VWDWHPHQWFRQWUDFWDQG OLVWLQJV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD UHVLGHQWLDOLPSURYHG SDUFHO3XUFKDVHGRI VXEMHFWZDVLQ 65 1& 0 248,500 201,000 02 NO CHANGE 248,500 02 NO CHANGE 248,500 ZH/DG PAGE 5 of 12 WORTHEN, RUSS 1,500,000 03 INCREASE 2,815,500 03 INCREASE IN VALUE 2,815,500 HJ/ZH DECISION COMMENTS Board of Equalization and Review - May 2, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 18 BER 11-BER001331 40259 NATIONAL RETAIL PROPERTIES LP / GRANT THORNTON, LLP - ATTN: ART GARCIA 20707116 N REI 0001970212-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH6DOH RUSS 3ULFH0 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV5HYLHZ6XPPDU\ 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD &219(1,(1&(6725( ZLWK&DU:DVK'%$ 3(752(;35(66 65 1& 0 1,936,000 9:00 AM 19 BER 11-BER000925 33723 PINEVILLE CENTRUM LP / NELSON MULLINS RILEY & SCARBOROUGH, LLP - ATTN: CHARLES H. MERCER, JR. 20708117 N REI 0001970254-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVILQDQFLDOVDQGUHQW UROO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 5(7$,/%XLOGLQJ'%$ %,*..PDUWCV8WLOL]HG D0DUNHWUHQW UDWH1119DOXHGE\WKH ,QFRPH$SUURDFK# %\ FRPSDULVRQWKH&RVW $SSURDFKUHYHDOVDYDOXH RI65 5HGXFWLRQWR 0 16,259,000 7,000,000 01 REDUCTION 12,716,700 01 REDUCTION 11,738,500 ZH/DG 9:00 AM 20 BER 11-BER000924 37066 PINEVILLE CENTRUM LP / NELSON MULLINS RILEY & SCARBOROUGH, LLP - ATTN: CHARLES H. MERCER, JR. 20708118 N REI 0001970256-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVILQDQFLDOVDQGUHQW UROO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 5(7$,/6+23675,3 8WLOL]HGDPDUNHWUHQW UDWHRI1119DOXHG E\WKH,QFRPH$SSURDFK #%\ FRPSDULVRQWKH&RVW $SSURDFKUHYHDOVDYDOXH RI65 ,QFUHDVHWR 0 15,543,000 11,000,000 03 INCREASE 17,728,400 03 INCREASE IN VALUE 16,364,700 HJ/DG PAGE 6 of 12 600,000 02 NO CHANGE 1,936,000 02 NO CHANGE 1,936,000 ZH/HJ DECISION COMMENTS Board of Equalization and Review - May 2, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 21 BER 11-BER000923 33761 PINEVILLE CENTRUM LP / NELSON MULLINS RILEY & SCARBOROUGH, LLP - ATTN: CHARLES H. MERCER, JR. 20708120 N REI 0001970260-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVUHQWUROO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV 5(7$,/%XLOGLQJ8WLOL]HG D0DUNHWUHQW UDWH1119DOXHGE\WKH ,QFRPH$SSURDFKDW %\ FRPSDULVRQWKH&RVW $SSURDFKUHYHDOVDYDOXH RI 65 5HGXFWLRQWR 0 3,543,600 2,000,000 01 REDUCTION 3,464,500 01 REDUCTION 3,282,100 HJ/DG 9:00 AM 22 BER 11-BER000929 37076 PINEVILLE CENTRUM LP / NELSON MULLINS RILEY & SCARBOROUGH, LLP - ATTN: CHARLES H. MERCER, JR. 20709504 N REI 0001970345-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVILQDQFLDOVDQGUHQW UROO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 6+23675,38WLOL]HGD PDUNHWUHQW UDWHQQQ9DOXHGE\WKH ,QFRPH$SSURDFK# %\ FRPSDULVRQWKH&RVW $SSURDFKUHYHDOVDYDOXH RI65 5HGXFWLRQWR 0 3,752,600 2,600,000 01 REDUCTION 3,424,200 01 REDUCTION 3,244,000 HJ/DG 9:00 AM 23 BER 11-BER002327 33836 POLK STREET REAL ESTATE INVESTORS / DUFF & PHELPS, LLC - ATTN: STEVEN B. GRAHAM 20709306 N REI 0001970291-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUV3UR)RUPD 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 'HDOHUVKLS'%$ 3HUIRUPDQFH +RQGD6X]XNL9DOXHGE\ WKH&RVW$SSURDFK# %\ FRPSDULVRQWKH,QFRPH $SSURDFKUHQGHUVD YDOXHRI 65 5HGXFWLRQWR 0 1,308,400 1,158,811 01 REDUCTION 1,307,500 01 REDUCTION 1,307,500 HJ/ZH PAGE 7 of 12 WORTHEN, RUSS DECISION COMMENTS Board of Equalization and Review - May 2, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 24 BER 11-BER001360 39579 PUCKETT, DAVID A SR 20709341 N REI 0001970311-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 9DOXH 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 5HWDLO%XLOGLQJ'%$ %8))$/27,5( $GMXVWHGPDUNHWUHQWUDWH DFFRUGLQJO\ $33(//$17+$6 $&&(37('9$/8(!!! 65 5HGXFWLRQWR 0 1,518,800 1,172,140 01 REDUCTION 1,115,400 01 REDUCTION 1,115,400 HJ/DG 9:00 AM 25 BER 11-BER000677 40591 QUAIL CORNERS ASSOCIATES LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 20715301 N REI 0001971591-20112011-0000-0 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+23 675,31R 'RFXPHQWDWLRQQRU HYLGHQFHSURYLGHG $SSOLHG5HVHUYHV 65 5HGXFWLRQWR 0 18,121,700 0 01 REDUCTION 17,662,300 01 REDUCTION 17,662,300 ZH/HJ 9:00 AM 26 BER 11-BER000672 39555 QUAIL CORNERS ASSOCIATES LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 20715304 N REI 0001971594-20112011-0000-0 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%-(&7LVD %$1.1R'RFXPHQWDWLRQ QRUHYLGHQFHSURYLGHG 65 1& 0 1,587,200 0 02 NO CHANGE 1,587,200 01 REDUCTION 1,284,000 HJ/DG 9:00 AM 27 BER 11-BER000674 40149 QUAIL CORNERS ASSOCIATES LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 20715305 N REI 0001971597-20112011-0000-0 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 5(67$85$171R 'RFXPHQWDWLRQQRU HYLGHQFHSURYLGHG 65 1& 0 938,800 0 02 NO CHANGE PAGE 8 of 12 WORTHEN, RUSS 938,800 02 NO CHANGE 938,800 HJ/DG DECISION COMMENTS Board of Equalization and Review - May 2, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC 9:00 AM 28 BER 11-BER002035 34131 RAUGH, MARIANA M / HELMS, HENDERSON, & ASSOC - ATTN: DAVID L. HENDERSON 20709335 N REI 0001970306-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVDSSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV YDFDQWFRPPHUFLDO SDUFHO$GMXVWHGWKHODQG VL]HWRDFUHVRI EXLODEOHUHWDLOODQG 5HPDLQGHULQIORRGSODLQ 65 5HGXFWLRQWR 0 382,200 9:00 AM 29 BER 11-BER009508 35047 RAUGH, MARIANA M / INTEGRA REALTY RESOURCES ATTN: FITZHUGH STOUT 20709316 N REI 0001970295-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH $SSUDLVDONODQG YDOXH$SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVDSSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD UHWDLOFRPPHUFLDOSDUFHO 9DOXHGE\WKH,QFRPH $SSURDFK# %\FRPSDULVRQWKH&RVW $SSURDFKUHYHDOVDYDOXH RI65 1& 0 2,179,700 1,985,219 02 NO CHANGE 9:00 AM 30 BER 11-BER002038 34129 RAUGH, MARIANNA M / HELMS, HENDERSON, & ASSOC - ATTN: DAVID L. HENDERSON 20709315 N REI 0001970294-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH &RPELQHG 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVDSSUDLVDO 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV YDFDQWFRPPHUFLDO SDUFHO65 1& 0 4,300 3,000 02 NO CHANGE PAGE 9 of 12 WORTHEN, RUSS 90,000 01 REDUCTION STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 335,700 01 REDUCTION 115,200 DG/HJ 2,179,700 01 REDUCTION 2,125,200 HJ/DG 4,300 02 NO CHANGE 4,300 ZH/HJ DECISION COMMENTS Board of Equalization and Review - May 2, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 31 BER 11-BER000987 41360 RWP MANAGEMENT LLC / MITCHELL & ASSOCIATES ATTN: JOHN R MITCHELL 20709390 N REI 0001970328-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVKLVWRULFDO FRQVWUXFWLRQFRVWIRURXW RIFRXQW\UHVWDXUDQWV 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD 5(67$85$17'%$ ,+23!!!9DOXHGE\WKH ,1&20($3352$&+ LQGLFDWHGYDOXHLV %\ FRPSDULVRQWKH&267 $3352$&+UHQGHUVD YDOXH# 5HIHUWRIRU SULRUDGMXGLFDWLRQ65 ,QFUHDVHWR WORTHEN, RUSS 0 1,097,600 1,037,068 03 INCREASE 1,244,000 03 INCREASE IN VALUE 1,244,000 HJ/DG 9:00 AM 32 BER 11-BER002861 33817 SB REAL ESTATE INVESTORS LLC / FELLERS, SCHEWE, SCOTT & ROBERTS, INC. PROPERTY TAX MGMT ATTN: TERRY LANDERS 20708102 N REI 0001970222-20112011-0000-0 01 Above Market )RUHFORVXUH12 WORTHEN, 6DOH'DWH1$6DOH RUSS 3ULFH1$ 732SLQLRQRI9DOXH 0 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 5HTXHVW*UDGH DGMXVWPHQW 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVDQ $XWR'HDOHUVKLS'%$ 0HUFHGHV%HQ]RI6 &/79DOXHGE\WKH&RVW $SSURDFK# %\FRPSDULVRQWKH ,QFRPH$SSURDFKUHYDOV DYDOXH# 65 1& 0 9,695,000 9,000,000 02 NO CHANGE 9,695,000 02 NO CHANGE 9,695,000 HJ/DG 9:00 AM 33 BER 11-BER003226 40933 BB T / THOMSON REUTERS 19329213 Y REI 0001933570-20112011-0000-0 01 Above Market WITHDRAWN WORLEY, MIKE 0 1,142,700 507,425 WITHDRAWAL 1,142,700 Withdrawn 0 9:00 AM 34 BER 11-BER000637 40861 BEATY ENTERPRISES LTD / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19328236 Y REI 0001933446-20112011-0000-0 01 Above Market WITHDRAWN WORLEY, MIKE 0 265,200 0 WITHDRAWAL 265,200 Withdrawn 0 9:00 AM 35 BER 11-BER000633 40393 CEENTA FAIRVIEW PROPERTIES LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19329228 Y REI 0001933602-20112011-0000-0 01 Above Market WITHDRAWN WORLEY, MIKE 0 1,321,400 0 WITHDRAWAL 1,321,400 Withdrawn 0 PAGE 10 of 12 DECISION COMMENTS Board of Equalization and Review - May 2, 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-BER002407 41465 DICKINSON, CLYDE C JR & DICKINSON, ROBERT / SPECTRUM PROPERTY TAX ADVISORS INC ATTN: ROBERT M LELAND JR. 19329212 Y REI 0001933568-20112011-0000-0 01 Above Market WITHDRAWN WORLEY, MIKE 0 2,559,200 2,326,000 WITHDRAWAL 2,559,200 Withdrawn 0 9:00 AM 37 BER 11-BER002831 41042 FIFTH THIRD BANK / THOMSON REUTERS 19329302 Y REI 0001933607-20112011-0000-0 01 Above Market WITHDRAWN WORLEY, MIKE 0 2,192,100 0 WITHDRAWAL 2,192,100 Withdrawn 0 9:00 AM 38 BER 11-BER003295 39645 GOODE LUCK LLC / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: NEAL COOPER 19329104 Y REI 0001933461-20112011-0000-0 01 Above Market WITHDRAWN WORLEY, MIKE 0 5,892,800 5,100,000 WITHDRAWAL 5,892,800 Withdrawn 0 9:00 AM 39 BER 11-BER000638 40372 HD DEVELOPMENT OF MARYLAND INC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 19323133 Y REI 0001933021-20112011-0000-0 01 Above Market WORLEY, MIKE 0 6,828,200 0 WITHDRAWAL 6,828,200 Withdrawn 0 9:00 AM 40 BER 11-BER003372 39834 HELMS, THOMAS 19328224A & HELMS, MARTHA / THOMSON REUTERS Y REI 0001933421-20112011-0000-0 01 Above Market WITHDRAWN WORLEY, MIKE 0 528,400 0 WITHDRAWAL 528,400 Withdrawn 0 9:00 AM 41 BER 11-BER003375 40929 WACHOVIA BANK TRUST CO CORP / THOMSON REUTERS 19328224B Y REI 0001933423-20112011-0000-0 01 Above Market WITHDRAWN WORLEY, MIKE 0 569,200 0 WITHDRAWAL 569,200 Withdrawn 0 9:00 AM 42 BER 11-BER000682 40641 CCB ASSOCIATES LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 20709501 Y REI 0001970337-20112011-0000-0 01 Above Market WORTHEN, RUSS 0 1,303,900 0 WITHDRAWAL 1,303,900 Withdrawn 0 9:00 AM 43 BER 11-BER001079 40328 DESAI INVESTMENTS INC / AD VALOREM TAX CONSULTANT ATTN: ERNIE CAIN, CHA 20709362 Y REI 0001970324-20112011-0000-0 01 Above Market WORTHEN, RUSS 0 3,079,800 1,700,000 WITHDRAWAL 3,079,800 Withdrawn 0 9:00 AM 44 BER 11-BER003419 40909 FIRST UNION NATIONAL BANK OF NC / THOMSON REUTERS 20709609 Y REI 0001970363-20112011-0000-0 01 Above Market WORTHEN, RUSS 0 2,556,600 0 WITHDRAWAL 2,556,600 Withdrawn 0 WITHDRAWN PAGE 11 of 12 DECISION COMMENTS Board of Equalization and Review - May 2, 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 45 BER 11-BER000056 34128 QUICK, J L LIVING TRUST 20708107 Y REI 0001970233-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 1RQH2IIHUHG 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 'HPROLWLRQRI+RXVH" 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV YDFDQWSDUFHO+RXVHV KDYHEHHQGHPROLVKHG DQGUHPRYHGIURP 5HFRUG65 1& WORTHEN, RUSS 0 50,200 0 WITHDRAWAL 50,200 Withdrawn 0 9:00 AM 46 BER 11-BER000060 34126 QUICK, J L LIVING TRUST 20709302 Y REI 0001970286-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 1RQH2IIHUHG 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 'HPROLWLRQRI+RXVH" 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LV YDFDQWSDUFHO+RXVH KDYHEHHQGHPROLVKHG DQGUHPRYHGIURP 5HFRUG65 1& WORTHEN, RUSS 0 60,800 0 WITHDRAWAL 60,800 Withdrawn 0 DECISION COMMENTS Notes: 6FKHGXOHGIRUWRGD\WREHKHDUGDORQJZLWKDQG+HDUILUVWDVWKLVZDVVFKHGXOHGE\PLVWDNHRQ&HFLO VVSUHDGVKHHWEXWWKHKHDULQJQRWLFHKDVDOUHDG\EHHQPDLOHGUHVLGHQWLDORQDFRPPHULFDOGD\5HVFKHGXOHGIURPWRDWWKHUHTXHVWRI0LNH(ULF DQG7D[SD\HU%GDSSURYHG $//0,187(6$&&(37('$1'$33529('$6/,67(')2572'$< 6+($5,1*+-'* Thursday, May 10, 2012 BER MEETING MINUTES - APPROVED AND SIGNED BY PAGE 12 of 12 BER CHAIRMAN