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Resolutions
Description
Granting Authority to review and approve appraisals of the fair market value of real property
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. 11 <br />A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF <br />RIVERSIDE, CALIFORNIA, GRANTING AUTHORITY TO THE <br />EXECUTIVE DIRECTOR, ASSISTANT CITY MANAGERS, DEPUTY CITY <br />MANAGERS, AND THE COMMUNITY & ECONOMIC DEVELOPMENT <br />DIRECTOR OF THE CITY OF RIVERSIDE, TO REVIEW AND APPROVE <br />APPRAISALS OF THE FAIR MARKET VALUE OF REAL PROPERTY. <br />WHEREAS, California Government Code § 7267.2 requires a public entity to establish an <br />amount it believes to be just compensation and to approve an appraisal of fair market value of real <br />property; and <br />WHEREAS, the Housing Authority employs and utilizes staff in the Community & <br />Economic Development Department of the City of Riverside (`City"), who are qualified to review <br />and analyze appraisals establishing fair market value; and <br />WHEREAS, the Housing Authority desires to authorize and delegate the review and <br />approval of appraisals of the fair market value of the real property to its Executive Director, the <br />City's Assistant City Managers, Deputy City Managers and the Community & Economic <br />Development Director. <br />NOW, THEREFORE, BE IT RESOLVED by the Housing Authority of the City of <br />Riverside, California, as follows: <br />Section 1: Its Executive Director and the Assistant City Managers, Deputy City <br />Managers and the Community & Economic Development Director for the City are each hereby <br />authorized to review and approve appraisals of the fair market value of the property. <br />CITY ATTORNEY'S OFFICE <br />3750 UNIVERSITY Ave., STE. 250 <br />RIVERSIDE, CA 92501 <br />(951) 826-5567 <br />
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