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APPROVED 5/10/2010 <br /> <br />OC Board of Adjustment – 3/8/2010 Page 49 of 86 <br />1 2 3 <br />4 <br />5 6 7 <br />8 <br />9 10 11 <br />12 <br />13 14 15 <br />16 <br />17 18 19 <br />20 <br />21 22 23 <br />24 <br />25 26 <br />27 <br />28 <br />29 30 <br />31 <br />32 <br />33 34 <br />35 <br />36 <br />37 38 <br />39 <br />40 <br />41 42 <br />43 <br />44 <br />45 46 <br />47 <br />48 <br />49 50 <br />51 <br />52 <br />53 54 <br />somewhere between six and 13% a year. The next house 2500 Wade Hampton Drive, same thing, from 1992 to 2000, <br />appreciating at a rate of 5.16% then appreciated 5% so it went down again. That is the least impact of this so far. Then go <br />down to 2610 Wade Hampton Drive. Same thing. 8.7% annually and then the period we measured here after the impact <br />was only 3.7% and then the other two houses were not sold after Wal-Mart which means that either they are so damaged <br />they can’t be sold or we don’t know. I would tend to agree with the statement at the bottom of page 84, maybe you could <br />explain this. It says you found no evidence that Hampton Point has had a negative influence on the values or marketability <br />of the Wildwood subdivision and therefore would have no negative influence on surrounding property values or marketability <br />and yet the numbers say exactly the opposite. Can you explain that? <br /> <br />Vic Knight: As I said, if you look at any one sale, there are significant factors that may affect any one sale but you can’t look <br />at any one sale because you are still trying to reference two points on a line to define that line. You have look at the entire <br />body. <br /> <br />Rob Maitland: So the best we can do. Yes, from the Sunny Acres situation, which is in a commercial zone, what area, is this <br />a commercial zone too? <br /> <br />Vic Knight: The yellow is. <br /> <br />Rob Maitland: The yellow is an Economic? <br /> <br />Vic Knight: The yellow is a commercial zone. <br /> <br />Rob Maitland: We have one pet resort or one kennel in a buffer zone but there was no data you could compare with that <br />correct? <br /> <br />Vic Knight: There was no sales information. I am not trying to create it. I didn’t create it at all. If there is not sufficient <br />information you don’t want to make it up. <br /> <br />Rob Maitland: How many neighbors did you talk to when you did your report? <br /> <br />Vic Knight: I didn’t talk to any. <br /> <br />Rob Maitland: No further questions. <br /> <br />Nick Herman: I want to clarify something. I am going to assume because I don’t know much about real estate law and I <br />don’t want to assume that the Southerlands sought to sell their house and there was an impending Special Use Permit for a <br />different use of the adjacent property that some realtor should tell them that. I am going to assume that. <br /> <br />Vic Knight: My point earlier was if they know and certainly understand, it could be public record but you can only disclose <br />what you know. <br /> <br />Nick Herman: What we are talking about here is not whether you disclose something or don’t disclose something, the <br />question is whether there is an impact of this proposed use negative on the effect of surrounding properties. What you are <br />trying to say is that you don’t have any evidence that there is a negative impact. <br /> <br />Vic Knight: That is correct. <br /> <br />Nick Herman: Your attempt to deal with this and that was to use the best data you thought you could use however imperfect <br />that might be, right? <br /> <br />Vic Knight: Correct. <br /> <br />Nick Herman: Because the only way you can get perfect is if we have a neighborhood just like that and a dog kennel and we <br />can look at the sales history all around, right.