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Approved 3113117 <br />1 Michael Ogburn: Yes. As far as I know, yes sir. <br />2 <br />3 John Price: I'll move for the admission into the record Opposition 7. We ask that Mr. Ogburn be <br />4 allowed to testify in this proceeding as an expert appraiser and evaluation expert witness. <br />5 <br />6 Samantha Cabe: Any objection? <br />7 <br />8 Laura Goode: No. <br />9 <br />10 John Price: Mr. Ogburn, did you perform an appraisal property owned by Owen and Roxanne <br />11 Gwen? <br />12 <br />13 Michael Ogburn: I did. <br />14 John Price: Would you describe the nature of the engagement, specifically what you were asked <br />15 to appraise or value? <br />16 <br />17 Michael Ogburn: Most recently, the question was whether or not a proposed cell tower down the <br />18 hill from him would have an adverse effect on his property value. <br />19 <br />20 John Price: And did you prepare the appraisal report that was previously entered into the record in <br />21 this case that you have before you? <br />22 <br />23 Michael Ogburn: Yes sir. <br />24 <br />25 John Price: Did you arrive at an opinion regarding the current value of Mr. and Mrs. Gwen's <br />26 property? <br />27 <br />28 Michael Ogburn: I did. <br />29 <br />30 John Price: And what was that opinion? <br />31 <br />32 Michael Ogburn: $1,290,000. <br />33 <br />34 John Price: And did you arrive at opinion as to the value of that property in the event that the <br />35 TowerCom cell tower was constructed as proposed? <br />36 <br />37 Michael Ogburn: I did. <br />38 <br />39 John Price: And what was that value? <br />40 <br />41 Michael Ogburn: $1,135,200. <br />42 <br />43 John Price: And what's the difference between the two values? <br />44 <br />45 Michael Ogburn: A differential of 12 %. <br />46 <br />47 John Price: What amount? <br />48 <br />49 Michael Ogburn: $154,800. <br />50 <br />OC Board of Adjustment- 12/12/16 Page 83 of 156. <br />