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Approved 7/8/2013 <br />OC Board of Adjustment – 6/10/2013 Page 9 of 92 <br /> 1 <br />Karen Barrows: I was wondering who the global Building Officials might be that have concerns? 2 <br /> 3 <br />Michael Harvey: No one from my office expressed concerns and the building inspection officials 4 <br />didn’t express concern. Without putting words in Karen’s mouth, let me state that if this tower is 5 <br />approved or if any tower is approved, it has to go through the building permit process. That building 6 <br />permit process requires them to submit engineering and documentation proving the load ratio can be 7 <br />handled. CMS, our communications consultant is required to review and certify that record and it is 8 <br />also engineering required. 9 <br /> 10 <br />Jill House: We do have to go through the building permit process and by stating some concern; I 11 <br />think what he is alluding to is providing information in response, not that there had been concern 12 <br />expressed specifically. I would like to as Dave Smith who has prepared the Real Estate Impact 13 <br />Report to provide some information about his name, address, background, credentials and then 14 <br />describe this report. 15 <br /> 16 <br />Michael Harvey: This is tab 40. 17 <br /> 18 <br />David Smith: My name is David Smith and I have been sworn in. I lived in the western part of 19 <br />Durham on Morristown Circle. I am a certified general real estate appraiser which means I am 20 <br />qualified to appraise all kinds of property. I also have an MAI and SRA professional designations 21 <br />which are like having a CPA, you can be an accountant and not be a CPA. You can be an appraiser 22 <br />and not be MAI, just a different level of experience. 23 <br /> 24 <br />Michael Harvey: Sorry, tab 39. 25 <br /> 26 <br />David Smith: I have been appraising for 30 years, in Durham and Orange and surrounding counties. 27 <br /> I have prepared an impact analysis of this tower on the properties in the area. I went and looked at 28 <br />the properties in the area and the tower sites, best I could determine where it was based on plans of 29 <br />the proposed tower. 30 <br /> 31 <br />Larry Wright: You mean tower site as in where the tower will be located on the particular property? 32 <br /> 33 <br />David Smith: Based on a set of plans of the proposed tower, inspection of properties in the area of 34 <br />the proposed tower, analysis of data gathered and facts and conclusions as contained in the report 35 <br />you have as subject to the assumptions with the conditions as stated, it is my opinion that the 36 <br />proposed tower will maintain or enhance the value of contiguous property and will be in harmony with 37 <br />the area. I can go in more detail but it is in the report if you have any more questions. 38 <br /> 39 <br />Larry Wright: Have you ever in your experience… you have appraised properties where towers are 40 <br />erected and then traced the value of properties and then traced the value of properties after they 41 <br />were erected, is this true? A tower is erected in 2009 and you’ve traced the value of adjacent 42 <br />properties, etc. and so you have done that? 43 <br /> 44 <br />David Smith: I have appraised properties with towers on them, is that what you mean? 45 <br /> 46 <br />Larry Wright: But then mapped the adverse effects on any on adjacent properies after they were 47 <br />erected? 48 <br /> 49 <br />David Smith: I don’t know that I have done an impact analysis after a tower has been erected. 50 <br /> 51 <br />Larry Wright: This is what citizens are interested in, is the impact analysis of towers after they have 52 <br />been built. 53