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ORDINANCE 2006- 025 <br />5. The applicant and county may agree upon a price for a right-of-way <br />parcel based on recent sales data. <br />6. If the county and the applicant are unable to agree on the price of a <br />right-of-way parcel to be acquired by the county, the county shall make <br />an offer to the applicant to purchase the property at fair market value. <br />The fair market value of the property shall be established by an <br />appraisal performed by an independent state certified General Real <br />Estate Appraiser who holds a designation issued by the Appraisal <br />Institute or other similar, nationally recognized organization. For <br />purposes of this section, a current appraisal is an appraisal that was <br />certified no earlier than four months prior to the filing of the <br />development proiect application. Said appraisal shall assume no <br />approved development plan for the property. <br />7. If the county and applicant agree on a compensation amount prior to <br />proiect approval, then the right-of-way purchase shall be scheduled to <br />occur prior to issuance of a certificate of completion or a certificate of <br />occupancy for the protect. As part of the agreement on a compensation <br />amount, the developer may. choose the form of compensation such as <br />cash, impact fee credit, or a combination. <br />8. If the county and applicant are unable to agree on compensation prior to <br />Project approval, then the county shall initiate legal proceedings to <br />acquire the right-of-way within 60 days of development approval. <br />9. In lieu of items 4, 5, and 6 above, the county may accept a donation of <br />right-of-way as a gift or as a condition of planned development (P.D.) <br />project approval. <br />Bold Underline: Additions to Ordinance <br />StFi e through- Deleted Text from Existing Ordinance <br />FACommunity Development\Users\CurDev\ORDINANCE\2006\2006- 952.08 row reguirements.RTF <br />