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Board updates appraisal rules for city property transactions, adds third‑party review and port-specific language
Summary
Supervisors approved amendments to Administrative Code Chapter 23 to standardize appraisals and appraisal reviews for real‑property transactions, require conformity with professional appraisal standards and add language preserving Port Commission rental-rate parameters for property under port jurisdiction.
An ordinance amending Chapter 23 of the Administrative Code to standardize appraisals, require conformity with the Uniform Standards of Professional Appraisal Practice and add third‑party appraisal review passed the Board of Supervisors on June 7, 2016, on first reading as amended.
Sponsor remarks said the ordinance updates city practice, clarifies how enterprise departments…
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