§ 16.34.080. Determination of fair market value.

The fair market value shall be determined by the city with a written appraisal report from the subdivider, prepared and signed by an appraiser acceptable to the city. The appraisal shall be made immediately prior to the filing of the final map. The subdivider shall notify the city of the expected filing date at least six weeks prior to filing of the final map. If more than one year elapses prior to filing the final map, the city will prepare a new appraisal and will bill the subdivider for the cost of the reappraisal. For the purposes of this chapter, the determination of the fair market value of a buildable acre, as defined in Section 16.34.070, shall consider, but not necessarily be limited to, the following:

A.

Approval of and conditions of the tentative subdivision map;

B.

The general plan;

C.

Zoning;

D.

Property location;

E.

Site characteristics of the property.

If the subdivider objects to the determined fair market value, he/she may appeal to the city council who shall hear the appeal under the same rules and obligations current for local board of equalization hearings, except that the burden of proof shall lie with the subdivider.

(Ord. 1144 §2(part), 2006).