§ 6-135. Requirement for appraisal.

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Prior to extending any lease covered by this article or amending the length of the term of any lease covered by this article, the airport director shall obtain one (1) professional airport-aviation related appraisal of the available leasehold interest in order to determine the current and future fair market value (FMV) to be placed on such leasehold. One (1) review appraisal shall be obtained to ensure the overall validity and methodology used in the actual appraisal.

(Ord. No. 06-24, Pt. I, 11-28-06)

                    
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