§ 2-10.4.2. [Appraisers required for purchases, sales and leases.]

(a)

Whenever the County purchases, sells or is involved in a lease of real estate, whether as lessor or lessee, and the fee simple value of the property being bought or sold or the annual value of the property being leased is in excess of five million dollars, the County shall prior to consummating the purchase, sale or lease have the property appraised by two (2) real estate appraisers holding the M.A.I. designation.

(b)

Upon the written recommendation of the County Manager, this Board may waive the provisions of this section if it finds it to be in the best interest of the County to do so.

(c)

The County Commission shall be informed of each of the appraisals prior to the Board's approving or disapproving the transaction.

(Ord. No. 01-95, §§ 1—3, 5-22-01)

Editor's note

Ord. No. 01-95, §§ 1—3, adopted May 22, 2001, did not specifically amend the Code. Hence, its inclusion herein as section 2-10.4.2 was at the discretion of the editor.