§ 25-5. Appraisal prior to sale of city-owned real estate.

Latest version.

No city-owned real estate with an estimated value exceeding ten thousand dollars ($10,000.00) shall be purchased, sold, or traded without first obtaining an appraisal of the value of said property by a neutral certified commercial real estate appraiser.

(Ord. No. 97-38, § I, 8-12-97)

Editor's note

Ord. No. 97-38, § I, adopted Aug. 12, 1997, did not specifically amend the Code; therefore, these provisions have been included as § 25-5, at the editor's discretion.

                    
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