Laserfiche WebLink
602 <br /> <br />In addition to the foregoing, the proposed 1999 Schedule of Values, if applied <br />to Philip Morris's manufacturing property, will produce an assessed value far <br />in excess of what Philip Morris contends to be the plant's true value and also <br />far in excess of values previously determined by the North Carolina Property <br />Tax Commission. The former Assessor of Cabarrus County, in submitting the <br />proposed Schedule of Values to the County Commission, clearly' ignored the <br />prior decisions of the Property Tax Commission. <br /> <br />For the foregoing and other reasons, Philip Morris respectfully objects to the <br />adoption by the Cabarrus County Board of Commissioners of the proposed 1999 <br />Schedule of Values as it affects the real property of Philip Morris located in <br />Cabarrus County, North Carolina. <br /> Sincerely yours, <br /> /s/ Charles B. Neely, Jr. <br /> Charles B. Neely, Jr. <br /> /s/ Nancy S. Rendleman <br /> Nancy S. Rendlemen <br />cc: Charles Meeker, Esq. <br /> <br />June 4, 1998 <br />VIA FAX <br />Mr. John Patterson <br />Cabarrus County Tax Administrator's Office <br />Cabarrus County Courthouse <br />Post Office Box 707 <br />Concord, North Carolina 28026-0704 <br />RE: 1999 Schedule of Values <br /> <br />Dear John: <br /> Thanks for your assistance in forwarding a copy of the proposed 1999 <br />schedule of values. I enclose a copy of a letter that we received this <br />morning from the attorneys for Philip Morris U.S.A. This letter was addressed <br />to your Board of Commissioners. <br /> It may be helpful to remind the Board that for the 1994 real property <br />case, the Property Tax Commission found a replacement cost new for the <br />cigarette plant of $153.00 per square foot. The 1994 case was based on values <br />as of 1991. As you well know, there was a revaluation in 1995 as well as the <br />new schedule of values that is being considered for 1999. <br /> The other point that the Commissioners should be aware of is that this <br />whole matter is in litigation and that the final values for the plant will be <br />decided by the Property Tax Commission. If we can he of assistance in <br />providing further information and/or drafting a response for the <br />Commissioner's consideration, please let me know. <br /> With best wishes, <br /> Sincerely, <br /> /s/ Charles C. Meeker <br /> Charles C. Meeker <br />CCM:act <br />Enclosure <br />co: Frank Clifton (via fax w/encl.) <br /> Fletcher Hartsell, Jr., Esq. (via fax w/encl.) <br /> <br /> Mr. Hartsell reminded the Board of the pending litigation concerning the <br />Philip Morris tax issue. <br /> <br /> Mr. Patterson responded to questions from Board members regarding the <br />establishment of a "base rate" for facilities. Using the Charlotte Motor <br />Speedway as an example, Mr. Patterson discussed the increase in base rates <br />from 1995 to 1999. He also stated for the record the Tax Department sent a <br />copy of the manual for the 1999 Schedule of Values to the County's attorneys <br />who then forwarded that manual to Philip Morris. <br /> <br /> There being no one present who wished to address the Board regarding the <br />proposed Schedule of Values, Chairman Casper closed the public hearing at 6:15 <br />P.M. <br /> <br />AnDointment to Planntn= and Zonln~ Commission <br /> <br /> UPON MOTION of Commissioner Carpenter, seconded by Chairm~n'Casper and <br />unanimously carried, the Board appointed Ms. Martha Kiker as the Township <br />10/11 member on the Cabarrus County Planning and Zonin~ Commission for a ~er~ <br />ending on January 31, 2001. Ms. Ktker will fill the position previously held <br />by Mr. Benjamin Lane. <br /> <br />DRAF'i <br /> <br /> <br />