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Approved 3113117 <br />1 John Price: In analyzing the real estate values of any given property is it important to take into <br />2 consideration any conditions which are unique, such as large structures within the view of the <br />3 property? <br />4 <br />5 David Smith: Yes. <br />6 <br />7 John Price: Potential hazards? <br />8 <br />9 David Smith: Yes. <br />10 <br />11 John Price: Perceived hazards? <br />12 <br />13 David Smith: Yes. <br />14 <br />15 John Price: Eye sores. <br />16 <br />17 David Smith: Yes. <br />18 <br />19 John Price: Why? Why is it important to take it into consideration? <br />20 <br />21 David Smith: Because they have a potential of having an adverse effect on property values. <br />22 <br />23 John Price: Thank you. In connection with performing your impact analysis did you do any search <br />24 to determine whether there were any published industry studies, reports or surveys regarding the <br />25 impact of cell towers on property values? <br />26 <br />27 David Smith: The only ones I found were old. <br />28 <br />29 John Price: So you did do a search? <br />30 <br />31 David Smith: I searched the appraisal institute information, like Mr. Ogburn had. <br />32 <br />33 John Price: Did you find the article in the study that was attached to Mr. Ogburn's appraisal? <br />34 <br />35 David Smith: Again, I got it tonight and I looked at it,briefly. <br />36 <br />OC Board of Adjustment — 12/12/16 Page 23 of 156 <br />