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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. 34 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, <br />CALIFORNIA AS SUCCESSOR AGENCY TO THE REDEVELOPMENT <br />AGENCY OF THE CITY OF RIVERSIDE, GRANTING AUTHORITY TO <br />THE CITY MANAGER, ASSISTANT CITY MANAGERS, DEPUTY CITY <br />MANAGERS AND THE COMMUNITY & ECONOMIC DEVELOPMENT <br />DIRECTOR, TO REVIEW AND APPROVE APPRAISALS OF THE FAIR <br />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 City of Riverside employs and utilizes staff in the Community & Economic <br />Development Department who are qualified to review and analyze appraisals establishing fair <br />market value; and <br />WHEREAS, the City Council desires to authorize and delegate the review and approval of <br />appraisals of the fair market value of the Successor Agency of the Redevelopment Agency of the <br />City of Riverside real properties. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Riverside, <br />California, as the Successor Agency to the Redevelopment Agency of the City of Riverside, as <br />follows: <br />Section 1: The City Manager, Assistant City Managers, Deputy City Managers and the <br />Community & Economic Development Director are each hereby authorized to review and approve <br />appraisals of the fair market value of the property. <br />CITY ATTORNEY'S OFFICE <br />3750 UNIVERSITY Ave., STR. 250 <br />RIVERSIDE, CA 92501 <br />(951) 826-5567 <br />