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DRAFT OC Board of Adjustment – 11/9/15 Page 31 of 156 David Smith: I would think the larger lots would have a lesser impact because there’s more 1 between the property and the tower. 2 3 John Price: You mean in terms of the square foot? 4 5 David Smith: If you have a 2-acre lot, you’ve got a lot more trees and screen than a half acre lot 6 would. So I would think that the half acre lot would be impacted more. 7 8 John Price: Wouldn’t you also think that someone who’s paying a higher price for a property that’s 9 located in a community like that is going to be… that the impact of a visible cell tower in that area 10 is going to be greater than it would be in other communities? 11 12 David Smith: I don’t think cell towers impact any properties. 13 14 John Price: I understand that’s your opinion… On page 8 of your report you state that the area, 15 and you’re referring to the Clearwater Lake area, it’s popular and property values should increase 16 at a rate greater than inflation. Why is that? 17 18 David Smith: Just the overall Orange County is more popular than the country in general and 19 property values increase. 20 21 John Price: So you were referring to Orange County as opposed to the property contiguous to 22 where the cell tower’s going to be constructed? 23 24 David Smith: Yes ….. all of Orange County. 25 26 John Price: How about the propert contiguous to where the cell tower’s going to be? 27 28 David Smith: Yes, I think it would increase higher than inflation. 29 30 John Price: Am I also correct that the opinion that you expressed in your report that the presence 31 of the cell tower will maintain or enhance the value of contiguous properties is based solely on the 32 data you collected with respect to the selling prices of homes in these other locations? 33 34 David Smith: Yes. 35 36 John Price: And nothing else? 37 38 33