A. The fair market value of park 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 acceptable to the recreation and parks director, or designee, and prepared and signed by a qualified appraiser acceptable to recreation and parks director or designee, in accordance with appraisal standards and practices adopted by the city council. If an appraiser or appraisal report is not acceptable to the recreation and parks director, or designee, he shall require a new or updated appraisal from the subdivider. The cost of all appraisals shall be borne by the subdivider.

The appraisal shall be based on the value of unimproved real property for the land to be dedicated for park purposes serving said development or, if no specific park site has been identified, then the appraisal shall be based on the value of the unimproved real property to be subdivided; except as otherwise provided in Section 15.80.080(C), when the city has acquired a park serving the subdivision.

The appraisal shall be made no more than ninety days prior to the recordation of the final map for subdivisions, parcel maps, or recordation of a certificate of compliance for parcel map waivers. If mutually agreed to in writing by the recreation and parks director or designee, and subdivider, an appraisal made within six months prior to recordation of the final map in the case of subdivisions, parcel maps, or recordation of a certification of compliance, may be used to determine fair market value. The subdivider shall submit such appraisal to the recreation and parks director, or designee, in sufficient time as the recreation and parks director, or designee establishes, prior to recordation of a final map or certificate of compliance. If more than six months elapse before recordation of the final map or certificate of compliance, the recreation and parks director, or designee, may require a new or updated appraisal. If an appraiser or appraisal report is not acceptable to the recreation and parks director, or designee, he shall require a new or updated appraisal at the subdivider’s expense.

B. Notwithstanding subsection A of this section, for a project having twenty lots or less, the subdivider may request, and accept, an estimate of value prepared by the city. If the subdivider disputes the city’s estimate, then the subdivider shall provide an appraisal and shall pay the amount based on the appraisal as set forth in subsection A of this section. Any costs incurred by the city in determining the estimated value will be added to the in-lieu fee paid by the subdivider. (Ord. 5087 § 3, 2022; Ord. 4004 § 2, 2001; Ord. 3646 § 1, 1995; Ord. 3317 § 1, 1990)