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DRAFT <br /> <br />OC Board of Adjustment – 11/9/15 Page 23 of 156 <br /> <br />John Price: In analyzing the real estate values of any given property is it important to take into 1 <br />consideration any conditions which are unique, such as large structures within the view of the 2 <br />property? 3 <br /> 4 <br />David Smith: Yes. 5 <br /> 6 <br />John Price: Potential hazards? 7 <br /> 8 <br />David Smith: Yes. 9 <br /> 10 <br />John Price: Perceived hazards? 11 <br /> 12 <br />David Smith: Yes. 13 <br /> 14 <br />John Price: Eye sores. 15 <br /> 16 <br />David Smith: Yes. 17 <br /> 18 <br />John Price: Why? Why is it important to take it into consideration? 19 <br /> 20 <br />David Smith: Because they have a potential of having an adverse effect on property values. 21 <br /> 22 <br />John Price: Thank you. In connection with performing your impact analysis did you do any search 23 <br />to determine whether there were any published industry studies, reports or surveys regarding the 24 <br />impact of cell towers on property values? 25 <br /> 26 <br />David Smith: The only ones I found were old. 27 <br /> 28 <br />John Price: So you did do a search? 29 <br /> 30 <br />David Smith: I searched the appraisal institute information, like Mr. Ogburn had. 31 <br /> 32 <br />John Price: Did you find the article in the study that was attached to Mr. Ogburn’s appraisal? 33 <br /> 34 <br />David Smith: Again, I got it tonight and I looked at it briefly. 35 <br /> 36 <br />25