Board of Equalization and Review - July 11, 2012 Date run: 7/18/2012 1:41:07 PM NCPTS V4 TR-121 Appeal Docket Report Report Parameters: Calendar Pk: TIME ROW NO. 5 LEVEL Docket Date: CASE NUMBER 7/11/2012 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 ($) MOTION 9:00 AM 1 BER 11-BER010415 35482 1100 KENILWORTH ASSOC LLC / INTEGRA REALTY RESOURCES ATTN: FITZHUGH STOUT 12310318 N REI 0001815321-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH 73 V&DVHDQG,VVXHV $SSUDLVDO &RXQW\ V&DVH,QFRPH DSSURDFKXVLQJPDUNHW GDWDLQGLFDWHVDYDOXHRI 6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 0 3,270,900 2,190,000 01 REDUCTION 2,234,700 01 REDUCTION 2,234,700 AT/HJ 9:00 AM 2 BER 11-BER010535 36934 ASSOC GENERAL CONTRS OF AMERICA / PROPERTY ASSESSMENT SERVICES, INC ATTN: LARRY W. BURKS 12302209 N REI 0001813325-20112011-0000-0 01 Above Market )RUHFORVXUH1R 6DOH'DWH6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 3URIRUPD &RXQW\ V&DVH7KH LQFRPHDSSURDFKXVLQJ PDUNHWGDWDLQGLFDWHVD YDOXHRI 6WDIIUHFRPPHQGVD UHGXFWLRQLQYDOXHWR BAGBY, DAVID 0 3,003,900 2,789,900 01 REDUCTION 2,821,500 01 REDUCTION 2,821,500 AT/HJ 9:00 AM 3 BER 11-BER010536 36883 ASSOCIATED GENERAL CONTR / PROPERTY ASSESSMENT SERVICES, INC ATTN: LARRY W. BURKS 12302205 N REI 0001813323-20112011-0000-0 01 Above Market )RUHFORVXUH1R 6DOH'DWH6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 3URIRUPD &RXQW\ V&DVH7KH LQFRPHDSSURDFKXVLQJ PDUNHWGDWDLQGLFDWHVD YDOXHRI 6WDIIUHFRPPHQGVD UHGXFWLRQLQYDOXHWR BAGBY, DAVID 0 1,808,800 748,900 01 REDUCTION 1,138,300 01 REDUCTION 1,138,300 AT/HJ 9:00 AM 4 BER 11-BER010249 41921 BELLA PROPERTIES LLC / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: NEAL COOPER 12107701 N REI 0001811628-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV ,QFRPHSURIRUPD &RXQW\ V&DVH7KH LQFRPHDSSURDFK LQGLFDWHVDYDOXHRI 6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 7D[SD\HUKDVDJUHHGWR WKLVUHGXFLRQLQYDOXH 0 1,420,500 850,000 01 REDUCTION 1,092,400 01 REDUCTION 1,092,400 AT/HJ PAGE 1 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 5 BER 11-BER010061 34282 JNC PROPERTIES LLC 15101603 N REI 0001862294-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH7RR +LJK 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV &RXQW\ V&DVH/DQG HTXLWDEO\DSSUDLVHG 5HPRYHGDVSKDOWSDYLQJ 6WDIIUHFRPPHQGVD UHGXFWLRQLQYDOXHWR 0 993,600 0 01 REDUCTION 980,100 01 REDUCTION 980,100 AT/HJ 9:00 AM 6 BER 11-BER010065 34280 JNC PROPERTIES LLC 15101604 N REI 0001862296-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH7RR +LJK 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV &RXQW\ V&DVH/DQG HTXLWDEO\DSSUDLVHG 5HPRYHGDVSKDOWSDYLQJ 6WDIIUHFRPPHQGVD UHGXFWLRQLQYDOXHWR 0 382,200 0 01 REDUCTION 380,000 01 REDUCTION 380,000 AT/HJ 9:00 AM 7 BER 11-BER010060 34281 JNC PROPERTIES LLC 15101605 N REI 0001862298-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH7RR +LJK 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV &RXQW\ V&DVH/DQG HTXLWDEO\DSSUDLVHG 5HPRYHGDVSKDOWSDYLQJ 6WDIIUHFRPPHQGVD UHGXFWLRQLQYDOXHWR 0 397,600 0 01 REDUCTION 395,200 01 REDUCTION 395,200 AT/HJ 9:00 AM 8 BER 11-BER010513 35196 LLP ASSOC, LLC / CHILDRESS KLEIN PROPERTIES ATTN: R. CHRISTOPHER THOMAS 12301113 N REI 0001813285-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV &RXQW\ V&DVH3URSHUW\ LVQRWOLVWHGIRUVDOHRU OHDVHRQ&RVWDURUWKH &RPPHUFLDO/LVWLQJ ([FKDQJH &/( 3URSHUW\ODFNVSDUNLQJ DQGVXIIHUVIURP IXQFWLRQDOLVVXHV6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 7D[SD\HUKDVDJUHHGWR WKLVUHGXFWLRQLQYDOXH 0 1,577,600 645,000 01 REDUCTION 1,222,000 01 REDUCTION 1,222,000 HJ/AT 9:00 AM 9 BER 11-BER009911 35990 LOWE'S HOME CENTERS INC / MOORE & VAN ALLEN PLLC ATTN: J. CHRISTOPHER OATES 12106128 N REI 0001810531-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG ,VVXHVVDOHVDQGUHQW FRPSV &RXQW\ V&DVH&RUUHFWHG OHDVHDEOHVTXDUH IRRWDJH6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 0 20,542,600 7,780,000 01 REDUCTION 19,663,000 01 REDUCTION 18,876,000 HJ/BF PAGE 2 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 10 BER 11-BER010578 35533 LU12 CHARLOTTE PARK AVENUE LP / CONSORTIUM ATTN: HARRY W. COLLISON 12304114 N REI 0001813915-20112011-0000-0 01 Above Market )RUHFORVXUH1R 6DOH'DWH6DOH 3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG ,VVXHV)RUHFORVXUHVDOH &RXQW\ V&DVH,QFRPH DSSURDFKXVLQJ1/$RI SHUUHQW UROOLQGLFDWHVDYDOXHRI DQGLV VXSSRUWHGE\WKHUHQW UROOVSURYLGHG&RVW DSSURDFKLQGLFDWHVD YDOXHRI 6WDIIUHFRPPHQGVQR FKDQJHLQYDOXH BAGBY, DAVID 0 17,024,600 9:00 AM 11 BER 11-BER010385 35380 MEDEARIS, CLYDE & WEBB, G HOWARD JR 12302101 N REI 0001813319-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH 73 V&DVHDQG,VVXHV DSSUDLVDO &RXQW\ V&DVH6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 0 2,014,300 1,500,000 01 REDUCTION 1,860,400 01 REDUCTION 1,860,400 HJ/AT 9:00 AM 12 BER 11-BER009539 5052 OWEN, GEOFFREY & OWEN, CAROLE 12312733 N REI 0001816109-20112011-0000-0 )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV =LOORZFRPSV &RXQW\ V&DVH &RUUHFWHGWKHOLVWLQJWR UHIOHFWEDWKURRPVQR JDUDJHDQGDXQILQLVKHG XWLOLW\RQWKHUHDURIWKH KRXVH7KH(<%DQG JUDGHZHUHUHGXFHG GXULQJWKHLQIRUPDO UHYLHZ6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 0 442,200 360,000 01 REDUCTION 438,600 01 REDUCTION 389,800 AT/HJ 9:00 AM 13 BER 11-BER010766 5157 PORTER, DENISE G 12312722 N REI 0001816086-20112011-0000-0 )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 7UDIILFSHUFHQWRI LQFUHDVH &RXQW\ V&DVH (FRQRPLFDGMXVWPHQWRI SHUFHQWIRUWUDIILFDQG +DUULV7HHWHU6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 0 364,300 271,700 01 REDUCTION 318,500 01 REDUCTION 295,600 HJ/AT PAGE 3 of 19 15,000,000 02 NO CHANGE 17,024,600 Withdrawn DECISION COMMENTS 0 Appr. changed his recommended value during the meeting to $414,200. Board of Equalization and Review - July 11, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 14 BER 11-BER010641 40379 SRS ARLINGTON OFFICES LLC / TAX ADVANTAGE PROPERTY SERVICES ATTN: DAVE PAWLOWSKI 12303601 N REI 0001813403-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV &RPSVHWF &RXQW\ V&DVH7KH LQFRPHDSSURDFKWR YDOXHXVLQJPDUNHWUHQW ZKLFKLVVXSSRUWHGE\WKH UHQWUROOSURYLGHG VTIW LQGLFDWHVDYDOXH RI6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 0 6,836,700 3,000,000 01 REDUCTION 6,294,100 01 REDUCTION 4,490,500 AT/HJ 9:00 AM 15 BER 11-BER010229 39125 TAYLOR, FRANK VICTOR / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: NEAL COOPER 12108311 N REI 0001811908-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV ,QFRPHSURIRUPD &RXQW\ V&DVH7KH LQFRPHDSSURDFK LQGLFDWHVDYDOXHRI 6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 7D[SD\HUKDVDJUHHGWR WKLVUHGXFHGYDOXH 0 644,400 560,000 01 REDUCTION 583,200 01 REDUCTION 583,200 HJ/AT 9:00 AM 16 BER 11-BER009561 37279 UNIQUE SOUTHERN ESTATES LLC / INTEGRA REALTY RESOURCES ATTN: FITZHUGH STOUT 12310208 N REI 0001815281-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG ,VVXHV$SSUDLVDO &RXQW\ V&DVH$GMXVWHG (<%WR/DQG FRPSVSURYLGHG6WDII UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 0 3,088,100 1,700,000 01 REDUCTION 2,804,900 01 REDUCTION 2,804,900 HJ/AT 9:00 AM 17 BER 11-BER010472 35501 YOUNG, DAVID T 15102123 N REI 0001862596-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73 V&DVHDQG,VVXHV &RXQW\ V&DVH$GMXVWHG $GMXVWHGJUDGHWR 3URSHUW\LV]RQHG% RIILFH6WDIIUHFRPPHQGV DUHGXFWLRQLQYDOXHWR 0 414,300 275,000 01 REDUCTION 409,600 01 REDUCTION 309,300 HJ/AT PAGE 4 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 18 LEVEL BER CASE NUMBER 11-BER010656 APPEAL ID 39992 OWNER/ APPELLANT 8325 COPELY DRIVE LLC PARCEL ID/ VIN CONSE NT ABS TYPE 00506126 N REI ABS NUMBER 0001436391-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $ERYH0DUNHW APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION BROWN, JEFF 0 2,494,900 1,000,000 01 REDUCTION 1,687,900 01 REDUCTION 1,110,500 HJ/AT )RUHFORVXUH12 BROWN, JEFF 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$ $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV $ERYH0DUNHW 6DOHV5DWLR &2' &RXQW\CV&DVH$Q $GMXVWPHQWZDVPDGHIRU WKHVLWHCVVKDSH# DQG*HQHUDO&RQG# 7KLVUHVXOWHGLQD QHZDVVHVVPHQWDQGWKH FRXQW\UHFRPPHQGVD QHZYDOXHRI 0 191,800 22,400 01 REDUCTION 57,500 01 REDUCTION 57,500 HJ/AT 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LVD VTIWWKHDWUHRQ &RSHO\'URIIRI:HVW &DWDZED$YH7KH FRXQW\DGMXVWHGWKH QHLJKERUKRRGPRG #0FKDQJHJUDGHWR YHU\JRRGIURPH[FHOOHQW DQGDGGHGDIRU ULJKWRIZD\7KHFRXQW\ UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 9:00 AM 19 BER 11-BER009586 39661 BEDNAR, ROBERT C 00512176 N REI 0001438727-20112011-0000-0 01 Above Market PAGE 5 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 20 LEVEL BER CASE NUMBER 11-BER009212 APPEAL ID 35326 OWNER/ APPELLANT BELK, B V JR ATTN: JIM FLOWERS PARCEL ID/ VIN CONSE NT ABS TYPE 00524127 N REI ABS NUMBER 0001440927-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $SSHOODQWKDVVXEPLWWHG QRVXSSRUW GRFXPHQWDWLRQ APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION BROWN, JEFF 0 11,985,700 5,300,000 01 REDUCTION 8,977,500 01 REDUCTION 8,977,500 HJ/AT BROWN, JEFF 0 2,590,700 647,000 01 REDUCTION 892,300 01 REDUCTION 892,300 HJ/AT 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LVD VTIWVSHFLDOW\ FHQWHUEXLOWLQDQG ORFDWHGRQ:HVW &DWDZED$9 0DJQROLD(VWDWHV'5LQ &RUQHOLXV7KH,QFRPH $SSURDFKWRYDOXHZDV XVHGIRUWKHYDOXDWLRQRI WKHVXEMHFW7KHFRXQW\ XVHGDUHQW#D VTIWDQGXVLQJ VTIWIRUWKH5HVWDXUDQW DQWDQG0DUNHW 9DFDQFLHVDQG ([SHQVHV7KHOHDVHLVD WULSOHQHWFRXQW\FKDQJH WKHFDSUDWHWRIURP 7KHFRXQW\ UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 9:00 AM 21 BER 11-BER010024 35831 BELK, B V JR ATTN: JIM FLOWERS 00524312 N REI 0001440977-20112011-0000-0 01 Above Market )RUHFORVXUH 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $SSHOODQWKDVVXEPLWWHG VXSSRUWGRFXPHQWDWLRQ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LVD DFUHVORFDWHGRQ :HVW&DWDZED$9 0DJQROLD(VWDWHV'5LQ &RUQHOLXV$IWHU LQVSHFWLRQWKHFRXQW\ DGMXVWHGIRU5LJKW2I :D\# 7RSRJUDSK\#DQG *HQHUDO&RQG# 7KH&RXQW\UHFRPPHQGV DUHGXFWLRQLQYDOXHWR PAGE 6 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 22 LEVEL BER CASE NUMBER 11-BER009775 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 36641 CASHION, DAVID GORDON 00520419 N REI ABS NUMBER 0001439866-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $ERYHPDUNHW APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) BROWN, JEFF 0 273,700 )RUHFORVXUH\HV BROWN, JEFF 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$ $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 7KH$SSHOODQWVXEPLWWHG VXSSRUWGRFXPHQWDWLRQ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH 6XEMHFWSURSHUW\LVD0LQL :DUHKRXVH)DFLOLW\ ORFDWHGDW/LYHUSRRO3< LQ&RUQHOLXV7KH LPSURYHPHQWVZDVEXLOW LQKDVEHHQ JUDGHGWRJRRGIURP $9(5$*(DQGLVQRZ HTXLWDEOHZLWKRWKHUOLNH SURSHUWLHV7KH,QFRPH DQGFRVWDSSURDFKZDV XVHGWRDUULYHDWDYDOXH EDVHGRQ73LQIRUPDWLRQ DQG0DUNHWGDWD$FDS UDWHRIZDVXVHGE\ WKH&RXQW\SHUIRXUWK TXDUWHU.RUSDF]ZKLFK VKRZVDFDSUDQJHRI WRZLWKDQDYHUDJH UDWHRI7KH FRXQW\UHFRPPHQGVDQ LQFUHDVHLQYDOXHWR 0 4,120,400 APPELLANT OPINION VALUE ($) STAFF REC 149,129 01 REDUCTION STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 265,200 01 REDUCTION 265,200 HJ/AT 4,644,200 01 REDUCTION 3,603,500 AT/HJ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LV ORFDWHGRQ&DWDZED$9 LQ&RUQHOLXV&KDQJH JUDGHDQG(<% $SSHOODQWUHIHUVWRSDUFHO WKDWWKHODQG ZDVUHGXFHGWRDIRRW IRUSRRUORFDWLRQ7KH &RXQW\UHFRPPHQGVD UHGXFWLRQLQYDOXHWR 9:00 AM 23 BER 11-BER009976 34945 CSSNC LLC ATTN: BILL R. WALTON 00527328 N REI 0001441694-20112011-0000-0 01 Above Market PAGE 7 of 19 2,250,000 03 INCREASE DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 24 BER 11-BER009579 35725 DMC PROPERTIES INC - ATTN: N. FRANK DIXON III 00518306 N REI 0001439614-20112011-0000-0 01 Above Market )RUHFORVXUH12 BROWN, JEFF 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $ERYH0DUNHW 6DOHV5DWLR &2' &RXQW\CV&DVH7KH73 VHQWLQ$QDSSUDLVDOWKDW ZDVDOHDVHGIHHLQWHUHVW WKDWZDVQRWFRQVLGHUHG VXSSRUWIRUWKH DSSHOODQW¶VRSLQLRQRI YDOXH7KHVXEMHFW SURSHUW\LVNQRZQDV .\OLH¶V6SRUW%DU *ULOO &RXQW\YDOXHGSDUFHO EDVHGRQWKH,QFRPH $SSURDFKZLWKDUHQWDO UDWHWKDWLVHTXLWDEOHZLWK RWKHUOLNHSURSHUWLHV7KH VXEMHFWSURSHUW\KDV EHHQDGMXVWHGWR $YHUDJHTXDOLW\7KH &RXQW\UHFRPPHQGVD FKDQJHLQDVVHVVHG YDOXHWR 0 1,248,800 505,000 01 REDUCTION 1,246,400 01 REDUCTION 957,900 AT/HJ 9:00 AM 25 BER 11-BER009841 36644 DMC PROPERTIES INC BY AMEND / DUFF & PHELPS, LLC - ATTN: STEVEN B. GRAHAM 00518304 N REI 0001439610-20112011-0000-0 01 Above Market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of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 26 LEVEL BER CASE NUMBER 11-BER009076 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 35828 ENVIRONMENTA L LIABLILITY TRANSFER / JOHNSTON, ALLISON & HORD, PA ATTN: R. SUSANNE TODD 00539101 N REI ABS NUMBER 0001446555-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH =(52 733ULYDWH$SSUDLVDO 1$ $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 3URSHUW\ZDVDODQGILOO APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION BROWN, JEFF 0 701,500 0 01 REDUCTION 233,800 01 REDUCTION 233,800 AT/HJ )RUHFORVXUH12 BROWN, JEFF 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$ $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUEHOLHYHVWKHLU YDOXHWREH$ERYH 0DUNHW 6DOHV5DWLR &2' &RXQW\CV&DVH7KH $SSHOODQWCVODQGYDOXH ZDVDGMXVWHGIRU5LJKW2I :D\#VKDSH# DQGJHQHUDOFRQG #&RXQW\ UHFRPPHQGVDYDOXH FKDQJHWR 0 3,765,800 1,000,000 01 REDUCTION 2,068,100 01 REDUCTION 2,068,100 AT/HJ 6DOHV5DWLR &2' &RXQW\CV&DVH,Q WKHVXEMHFWSURSHUW\DQG 1&'(15 1RUWK &DUROLQD'HSDUWPHQW2I (QYLURQPHQWDO$QG 1DWXUDO5HVRXUFHV HQWHUHGLQWRDQ DGPLQLVWUDWLYHDJUHHPHQW WRFRQGXFWHGD UHPHGLDWLRQSURJUDP 7KHODQGYDOXHZDV FRUUHFWHGE\DSSO\LQJ &170#7KH FRXQW\UHFRPPHQGVD QHZYDOXHRI 9:00 AM 27 BER 11-BER009137 39663 FREEMAN, J SMITH / TAX ADVANTAGE PROPERTY SERVICES ATTN: DAVE PAWLOWSKI 00502109 N REI 0001435649-20112011-0000-0 01 Above Market PAGE 9 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 28 LEVEL BER CASE NUMBER 11-BER010029 APPEAL ID 35715 OWNER/ APPELLANT GEEHOON INVESTMENT LLC / JOHN F HANZEL, P.A. PARCEL ID/ VIN CONSE NT ABS TYPE 00513128 N REI ABS NUMBER 0001438870-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH12 BROWN, JEFF 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH 73CV&DVHDQG,VVXHV $ERYH0DUNHW 6DOHV5DWLR &2' &RXQW\CV&DVH7KH73 VHQWLQ$QDSSUDLVDOE\ %DUEDUD+RFKVWHWWHU7KH 73DSSUDLVDOZDVQRW XVHGWRVXSSRUWIRUWKH DSSHOODQW¶VRSLQLRQRI YDOXHGXHWR FRPSDUDEOHVXVHGZHUH IURPDOORYHUWKHVWDWH 7KHVXEMHFWSURSHUW\LV NQRZQDV.REHD -DSDQHVH5HVWDXUDQW &RXQW\YDOXHGSDUFHO EDVHGRQWKH,QFRPH $SSURDFKZLWKDUHQWDO UDWHWKDWLVHTXLWDEOHZLWK RWKHUOLNHSURSHUWLHV7KH VXEMHFWSURSHUW\KDV EHHQDGMXVWHGWROLNH SURSHUWLHV7KH&RXQW\ UHFRPPHQGVDFKDQJHLQ DVVHVVHGYDOXHWR PAGE 10 of 19 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 2,211,100 APPELLANT OPINION VALUE ($) STAFF REC 935,000 01 REDUCTION STAFF REC VALUE ($) DECISION 1,392,200 01 REDUCTION DECISION VALUE ($) MOTION 949,200 AT/HJ DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 29 LEVEL BER CASE NUMBER 11-BER010632 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 35347 GORDON KENTON PLACE LLC / BITTERLIN DEVELOPMENT CORP - ATTN: CHRIS BITTERLIN 00506135 N REI ABS NUMBER 0001436413-20112011-0000-0 REASON 01 Above Market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of 19 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 5,592,500 APPELLANT OPINION VALUE ($) STAFF REC 2,975,000 01 REDUCTION STAFF REC VALUE ($) DECISION 5,439,500 01 REDUCTION DECISION VALUE ($) MOTION 4,362,200 HJ/AT DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 30 LEVEL BER CASE NUMBER 11-BER009650 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 37309 HUNTERSVILLE SUITES LLC ATTN: BARRY W. WHISNANT 00504407 N REI ABS NUMBER 0001436345-20112011-0000-0 REASON 01 Above Market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of 19 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 7,692,000 APPELLANT OPINION VALUE ($) STAFF REC 4,000,000 01 REDUCTION STAFF REC VALUE ($) DECISION 5,769,100 01 REDUCTION DECISION VALUE ($) MOTION 4,500,000 AT/HJ DECISION COMMENTS Board of Equalization and Review - July 11, 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-BER009989 37317 JAY THAMNAI INC / HORACK TALLEY - ATTN: D. CHRISTOPHER OSBORN 00527113 N REI 0001441541-20112011-0000-0 01 Above Market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bove Market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of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 33 LEVEL BER CASE NUMBER 11-BER010344 APPEAL ID 37332 OWNER/ APPELLANT LAKE NORMAN SLEEP LLC / AD VALOREM TAX CONSULTANT ATTN: ERNIE CAIN, CHA PARCEL ID/ VIN CONSE NT ABS TYPE 00536108 N REI ABS NUMBER 0001444008-20112011-0000-0 REASON 01 Above Market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of 19 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 5,754,800 APPELLANT OPINION VALUE ($) STAFF REC 2,475,000 01 REDUCTION STAFF REC VALUE ($) DECISION 4,930,700 01 REDUCTION DECISION VALUE ($) MOTION 3,811,500 HJ/AT DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 34 LEVEL BER CASE NUMBER 11-BER010359 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 35355 LUCKY REALTY / SHAMROCK MANAGEMENT CORP - ATTN: ABRAHAM LUSKI 00512202 N REI ABS NUMBER 0001438747-20112011-0000-0 REASON 01 Above Market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¶V OHDVHVIRUWR VTIW7KH &RXQW\UHFRPPHQGVD GHFUHDVHLQYDOXHWR PAGE 15 of 19 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 6,527,400 APPELLANT OPINION VALUE ($) STAFF REC 3,880,000 01 REDUCTION STAFF REC VALUE ($) DECISION 6,277,300 01 REDUCTION DECISION VALUE ($) MOTION 4,503,900 HJ/AT DECISION COMMENTS Abraham Luski, manager of Lucky Realty, LLC provided a POA for this parcel. Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 35 LEVEL BER CASE NUMBER 11-BER009863 APPEAL ID 35682 OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE NORTHCROSS MARKET LLC ATTN: CARY MCCASKILL 00927231 N REI ABS NUMBER 0001460476-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $SSHOODQWKDVVXEPLWWHG QRVXSSRUW GRFXPHQWDWLRQ APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION BROWN, JEFF 0 1,839,800 1,300,000 01 REDUCTION 1,700,000 01 REDUCTION 1,700,000 HJ/AT BROWN, JEFF 0 394,000 245,000 01 REDUCTION 292,700 01 REDUCTION 292,700 AT/HJ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LVD VTIWVSHFLDOW\ FHQWHU 6WULS&HQWHU EXLOWLQDQGORFDWHG DW6KHUULOO(VWDWHV5' DQG6WDWHVYLOOH5G7KH 73VWDWHGWKDWKLVOHDVHV ZHUHDOOJURVVOHDVHVEXW GLGQRWVHQG GRFXPHQWDWLRQ7KH ,QFRPH$SSURDFKWR YDOXHZDVXVHGIRUWKH YDOXDWLRQRIWKHVXEMHFW 7KHFRXQW\XVHGDUHQW #DVTIWDQG 0DUNHW9DFDQFLHVDQG ([SHQVHV7KHFRXQW\ UHFRPPHQGVDUHGXFWLRQ LQYDOXHWR 9:00 AM 36 BER 11-BER009971 35367 RBPA I LLC / DULA REAL ESTATE - ATTN: LISA DULA 00521106 N REI 0001439878-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVRSLQLRQ 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVD &RPPHUFLDO6+23 675,3'%$75,33 &(17(5&RQYHUWHGWR WKH,1&20( $3352$&+ZLWKDQ LQGLFDWHGYDOXHRI 65 5HGXFWLRQWR PAGE 16 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 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 37 BER 11-BER010092 38562 TT OF CORNELIUS INC / FELLERS, SCHEWE, SCOTT & ROBERTS, INC. PROP. TAX MGMT - ATTN: TERRY LANDERS 00527205 N REI 0001441579-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVRSLQLRQ 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVDQ $872'($/(56+,3 '%$/$.(1250$1 ,1),1,7,7KLVLVRQHRI WKUHHSDUFHOWKDWPDNH XSWKHGHDOHUVKLS6HH 3RODULV!!([FHOOHQW YLVLELOLW\IURP,QRWHG 65 1& BROWN, JEFF 0 1,805,100 1,353,800 02 NO CHANGE 1,805,100 02 NO CHANGE 1,805,100 AT/HJ 9:00 AM 38 BER 11-BER010104 38564 TT OF CORNELIUS INC / FELLERS, SCHEWE, SCOTT & ROBERTS, INC. PROP. TAX MGMT - ATTN: TERRY LANDERS 00527211 N REI 0001441593-20112011-0000-0 01 Above Market )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 2IIHUVRSLQLRQ 6DOHV5DWLR &2' &RXQW\CV &DVH68%-(&7LVDQ $872'($/(56+,3 '%$/$.(1250$1 ,1),1,7,7KLVLVRQHRI WKUHHSDUFHOWKDWPDNH XSWKHGHDOHUVKLS6HH 3RODULV!!([FHOOHQW YLVLELOLW\IURP,QRWHG 65 1& BROWN, JEFF 0 866,000 650,000 02 NO CHANGE 866,000 02 NO CHANGE 866,000 HJ/AT PAGE 17 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 39 LEVEL BER CASE NUMBER 11-BER009541 APPEAL ID 35336 OWNER/ APPELLANT TURNBERRY EQUITIES LLC / REAL ESTATE DEVELOPMENT PARTNERS ATTN: DOUG HAMMOND PARCEL ID/ VIN CONSE NT ABS TYPE 00512203 N REI ABS NUMBER 0001438748-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $SSHOODQWKDVVXEPLWWHG GRFXPHQWDWLRQ APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION BROWN, JEFF 0 1,669,600 1,098,595 03 INCREASE 1,856,500 01 REDUCTION 1,581,600 AT/HJ BROWN, JEFF 0 1,246,600 820,000 01 REDUCTION 1,133,400 01 REDUCTION 964,800 AT/HJ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LVD VTIWVSHFLDOW\ FHQWHUEXLOWLQDQG LVORFDWHGRQ:HVW &DWDZED$9 2QH 1RUPDQ%YLQ&RUQHOLXV 7KHYDOXHLQLWLDOO\ZHQW RXWXVLQJWKH&RVW $SSURDFK7KH,QFRPH DSSURDFKWRYDOXHKDV EHHQDSSOLHGWRWKH VXEMHFWZLWKDQLQGLFDWHG YDOXHRI7KLV YDOXHZDVDUULYHGDW XVLQJ0DUNHWH[SHQVHV YDFDQF\DQGEHORZ PDUNHWFDSUDWH7KH FRXQW\XVHGDUHQW# DVTIW7KHFRXQW\ UHFRPPHQGVDQLQFUHDVH LQYDOXHWR 9:00 AM 40 BER 11-BER009542 35377 TURNBERRY EQUITIES LLC / REAL ESTATE DEVELOPMENT PARTNERS ATTN: DOUG HAMMOND 00512205 N REI 0001438749-20112011-0000-0 01 Above Market )RUHFORVXUH 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 1$ 73CV&DVHDQG,VVXHV $SSHOODQWKDVVXEPLWWHG GRFXPHQWDWLRQ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VXEMHFWSURSHUW\LVD VTIWVSHFLDOW\ FHQWHUEXLOWLQDQG LVORFDWHGRQ:HVW &DWDZED$9 2QH 1RUPDQ%YLQ&RUQHOLXV 7KH,QFRPHDSSURDFKWR YDOXHKDVEHHQDSSOLHG WRWKHVXEMHFWZLWKDQ LQGLFDWHGYDOXHRI 7KHFRXQW\ XVHGDUHQW#DVT IW7KHFRXQW\ UHFRPPHQGVDGHFUHDVH LQYDOXHWR PAGE 18 of 19 DECISION COMMENTS Board of Equalization and Review - July 11, 2012 TIME ROW NO. 9:00 AM 41 LEVEL BER CASE NUMBER 11-BER009812 APPEAL ID 35704 OWNER/ APPELLANT WALLY, CHARLES L / DULA REAL ESTATE - ATTN: LISA DULA PARCEL ID/ VIN CONSE NT ABS TYPE 00710120 N REI ABS NUMBER 0001449330-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH12 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH . 733ULYDWH$SSUDLVDO 1$ $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 1RUHDVRQJLYHQMXVW SKRWRVRIWKHKRXVH APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) BROWN, JEFF 0 660,800 APPELLANT OPINION VALUE ($) STAFF REC 277,000 01 REDUCTION STAFF REC VALUE ($) DECISION 389,000 01 REDUCTION DECISION VALUE ($) MOTION 379,000 AT/HJ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH $SSHOODQWCVSURSHUW\LV ORFDWHGRQ=LRQ$YLQ &RUQHOLXV7KHSURSHUW\ ZDVEHLQJDVVHVVHGDW VTIW7KHSUR[LPLW\ RIWKHVLWHZKLFKLV ORFDWHGDFURVVWKH UDLOURDGWUDFNVZRXOG PDNHLWOHVVGHVLUDEOHDV DFRPPHUFLDOLQWHUHVW &XUUHQWO\QRQHRIWKH FRPPHULFDO]RQHG SURSHUWLHVLQWKDWORFDWLRQ KDYHWUDQVLWLRQHGLQWR FRPPHUFLDO7KHFRXQW\ KDVUHGXFHGWKHYDOXHRI WKHODQGWRUHOIOHFWWKH ORFDWLRQDO GHILFLHQFLHV7KHQHZ DVVHVVHGYDOXHLV 9:00 AM 42 BER 11-BER010240 41935 ALLISON, GEORGE & ALLISON, GINA / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: TOM BERRY 12105515 Y REI 0001810382-20112011-0000-0 01 Above Market WITHDRAWN BAGBY, DAVID 0 1,292,200 900,000 WITHDRAWAL 1,292,200 Withdrawn 0 9:00 AM 43 BER 11-BER010539 36958 CAROLINAS AGC INC / PROPERTY ASSESSMENT SERVICES, INC ATTN: LARRY W. BURKS 12302213 Y REI 0001813329-20112011-0000-0 01 Above Market WITHDRAWN BAGBY, DAVID 0 459,100 346,500 WITHDRAWAL 459,100 Withdrawn 0 9:00 AM 44 BER 11-BER010233 38209 LILLY CLAIRE COMPANY LLC / EASLEY, MCCALEB & ASSOCIATES, INC - ATTN: NEAL COOPER 12110103 Y REI 0001812440-20112011-0000-0 01 Above Market WITHDRAWN BAGBY, DAVID 0 6,628,200 1,400,000 WITHDRAWAL 6,628,200 Withdrawn 0 Notes: UHPRYHGIURPWKHGRFNHWDQGDGGHGWRWKHGRFNHWSHU*DUUHWW 5HPRYHGIURPWKHGRFNHWDQGDGGHGWRWKHGRFNHW $//0,187(6$&&(37('$1'$33529('$6/,67(')2572'$< 6+($5,1*+-$7 Wednesday, July 18, 2012 BER MEETING MINUTES - APPROVED AND SIGNED BY PAGE 19 of 19 BER CHAIRMAN DECISION COMMENTS