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APPROVED 5/10/2010 <br /> <br />OC Board of Adjustment – 3/8/2010 Page 62 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 />Tom Tolley: Yes. I own 70% of the company. <br /> <br />Rob Maitland: How many years have you done appraisal work? <br /> <br />Tom Tolley: I have been a certified general appraiser for 10 years and was a trainee for three years before that. <br /> <br />Rob Maitland: At some point were you contacted by the Southerland’s or the neighbors to create a report similar to what Mr. <br />Knight presented earlier? <br /> <br />Tom Tolley: Yes. <br /> <br />Rob Maitland: Were you able to do that? <br /> <br />Tom Tolley: No. <br /> <br />Rob Maitland: Why not. <br /> <br />Tom Tolley: I have undertaken some of these reports in the past for basically the same situation, Special Use Permits, and <br />have found that, and most other appraisers will tell you that there is a lack of data in this area. I am not just talking about dog <br />kennels, unless you are doing something like a nuclear power plant or a solid waste dump, it is very difficult to find any data <br />to valid any point, positive or negative or no impact. So typically, what happens is that if you take that assignment, you give <br />them something that really doesn’t validate anything or something that invalidates the point they want to make and therefore <br />they don’t like you anymore and they basically feel like they got nothing for their money and they report you and the <br />appraiser board steps in. It is a situation that most appraisers like to avoid. <br /> <br />Rob Maitland: Didn’t matter how much they were willing to pay, you couldn’t do the report. <br /> <br />Tom Tolley: Correct. <br /> <br />Rob Maitland: Did they tell you how many other appraisers had given them the same answer? <br /> <br />Tom Tolley: They said they had contacted about 10 other appraisers in the area and told them the same thing. <br /> <br />Rob Maitland: And they all said the same thing, no matter how much you are willing to pay, I am not doing your report. <br /> <br />Tom Tolley: Correct. <br /> <br />Rob Maitland: Mr. Knight did the report. <br /> <br />Tom Tolley: Yes. <br /> <br />Rob Maitland: Have you an opportunity to review Mr. Knight’s report? <br /> <br />Tom Tolley: Yes. <br /> <br />Rob Maitland: You’re the appraiser. What do you think of Mr. Knight’s report? <br /> <br />Tom Tolley: It is typical of a lot of reports like this I see in that you try your best to find data and that is a statement they said <br />earlier. I did my best to find data and that is typically where the appraiser or anyone else who does one of these impact <br />studies goes wrong. Just as an example, I am sure everyone here is familiar with a house appraisal. If someone from a <br />bank calls me and they want me to appraise your house for a loan then I am going to do whatever I can to find the amount of <br />comparable properties to get you the best estimate of value. Whether I have to go a mile away from your house or 10 miles I <br />have got to go to Hyco Lake because your house is up on another lake, I am going to go where I can get the data where in <br />an impact analysis that is not the methodology. I am not trying to find a value, I am trying to find information that will give me