A. The fair market value of land to be dedicated or of the property on which in-lieu fees are to be paid shall be determined by a written appraisal report in accordance with Section 15.80.100 of the Bakersfield Municipal Code; except as follows;

B. In the case where a trail serving a phase, has been acquired by the city prior to said development, the planning director has determined that said acquisition has not or does not satisfy another development’s requirements pursuant to this chapter, then, the determination of the “fair market value” used in the formula herein is defined as the purchase or acquisition price paid by the city for said real property on which the trail is located. (Ord. 3713 § 1, 1996)