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APPROVED 5/10/2010 <br /> <br />OC Board of Adjustment – 3/8/2010 Page 65 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 /> <br />Rob Maitland: No maintain or enhance but an actual negative impact. <br /> <br />Tom Tolley: Correct. <br /> <br />Rob Maitland: In both sets of data? <br /> <br />Tom Tolley: Correct. Only in the set of data with the Wal-Mart. <br /> <br />Rob Maitland: Why is it that you can’t even compare this? <br /> <br />Tom Tolley: The Sunny Acres, once again, the age and the distance. I don’t think that, I can’t find any argument other than <br />there is a kennel involved. <br /> <br />Rob Maitland: Is it the fact the kennel was there before the houses were built? <br /> <br />Tom Tolley: Partially. Once again. <br /> <br />Jeffrey Schmitt: You said there was a negative impact of this? <br /> <br />Tom Tolley: Based on their numbers. <br /> <br />Jeffrey Schmitt: Where was the negative impact? <br /> <br />Tom Tolley: I would consider less appreciation. <br /> <br />Jeffrey Schmitt: The rate of growth is slower. <br /> <br />Tom Tolley: The rate of growth is slower. <br /> <br />Jeffrey Schmitt: It is still above the baseline. <br /> <br />Tom Tolley: It is above the baseline. Once again, we don’t really have a baseline because he hasn’t compared to other <br />neighborhoods. <br /> <br />Jeffrey Schmitt: I understand. <br /> <br />Rob Maitland: The important thing is the in Mr. Knight’s study, he said he found no evidence and therefore, there was no <br />negative impact and what you are saying is different. <br /> <br />Tom Tolley: What I am saying is that if you use those number, in my opinion, that is a negative impact because I am getting <br />less growth since something happened than I would have had that not happened. <br /> <br />Rob Maitland: Based on your professional opinion, on average, and what did you say the average was after the Wal-Mart <br />opened? <br /> <br />Tom Tolley: 3.8% of the sales percent, that is not a general number. <br /> <br />Rob Maitland: On average, for the county, is that …. <br /> <br />Tom Tolley: I would say since 2005, the first year and half of that in 2004, that the impact because of the economy at that <br />time was closer to five percent but since then closer to one or two percent. <br /> <br />Rob Maitland: In fact, didn’t the county on average, raise appraisal values on the homes?