Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee forwards overhaul of appraisal rules for city property transactions
Summary
Supervisors reviewed a wholesale rewrite of Chapter 23 requiring qualified appraisers and independent reviews for significant city property acquisitions, conveyances and leases; amendments set minimum payment rules and exempt the airport commission under FAA standards; the committee forwarded the ordinance with amendments.
The Government Audit and Oversight Committee considered an ordinance to require appraisals and appraisal reviews conforming to the Uniform Standards of Professional Appraisal Practice for specified city property transactions. Chair Aaron Peskin described a "wholesale rewriting" of Chapter 23 to standardize valuation practices for purchase, sale, lease and jurisdictional transfers of city real property.
John Opdyck, Director of Real Estate, told the committee the department plans to hire an in-house certified appraiser (an MAI member) to expedite reports and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
