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DRAFT <br /> <br />OC Board of Adjustment – 11/9/15 Page 83 of 156 <br /> <br /> 1 <br />John Price: I’ll move for the admission into the record Opposition 7. We ask that Mr. Ogburn be 2 <br />allowed to testify in this proceeding as an expert appraiser and evaluation expert witness. 3 <br /> 4 <br />Samantha Cabe: Any objection? 5 <br /> 6 <br />Laura Goode: No. 7 <br /> 8 <br />John Price: Mr. Ogburn, did you perform an appraisal property owned by Owen and Roxanne 9 <br />Gwen? 10 <br /> 11 <br />Michael Ogburn: I did. 12 <br />John Price: Would you describe the nature of the engagement, specifically what you were asked 13 <br />to appraise or value? 14 <br /> 15 <br />Michael Ogburn: Most recently, the question was whether or not a proposed cell tower down the 16 <br />hill from him would have an adverse effect on his property value. 17 <br /> 18 <br />John Price: And did you prepare the appraisal report that was previously entered into the record in 19 <br />this case that you have before you? 20 <br /> 21 <br />Michael Ogburn: Yes sir. 22 <br /> 23 <br />John Price: Did you arrive at an opinion regarding the current value of Mr. and Mrs. Gwen’s 24 <br />property? 25 <br /> 26 <br />Michael Ogburn: I did. 27 <br /> 28 <br />John Price: And what was that opinion? 29 <br /> 30 <br />Michael Ogburn: $1,290,000. 31 <br /> 32 <br />John Price: And did you arrive at opinion as to the value of that property in the event that the 33 <br />TowerCom cell tower was constructed as proposed? 34 <br /> 35 <br />Michael Ogburn: I did. 36 <br /> 37 <br />John Price: And what was that value? 38 <br /> 39 <br />Michael Ogburn: $1,135,200. 40 <br /> 41 <br />John Price: And what’s the difference between the two values? 42 <br /> 43 <br />Michael Ogburn: A differential of 12%. 44 <br /> 45 <br />John Price: What amount? 46 <br /> 47 <br />Michael Ogburn: $154,800. 48 <br /> 49 <br />85