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333 <br />3 <br />3 <br />3 <br />3 <br />3 <br />] <br />3 <br />3 <br />] <br />1 <br />] <br />3 <br />3 <br />1 <br />1 <br />1 <br />§ 11.62Subd. 5. ^^^5. >7\l^be°the*\^nd* pre-developmentvalue" for purposes city^ Council as of the time of <br />^r%\Yminlr$%l"at Scatio'n in accordance with the following: <br />A The City Assessor shall recommend to ^he City <br />council as to the fair LrLt value of the land after consultatxon <br />with the subdivider. <br />B. If "|5 <br />Assessor end subdivider/ then the fa <br />determined in accordance with the following: <br />CO..CU <br />me.*ers of SREA or MAI, or equivalent <br />real estate societies. <br />o frhe Citv disputes such appraisal <br />amounts, it nay obtai; »■> appraisal of "c‘o*un"c”?*rele‘’c"ts and" which <br />real estate %hi city as being an accurate <br />paid by the subdivider. <br />3 The subdivider may appeal <br />detemination of fairnarhet value as provided by Mrnnesota Statute <br />Section 462.361. <br />C. The determination °^.!^^councill or designated <br />undeveloped land by the City Ass^^^^ Preliminaryundeveloped land by the City Assessor, time of preliminary <br />appraisers, shall be determined as of the tim^^ i/fmal plat <br />subdivision approval IS ^ranted^^ ^^1 chapter. The <br />approval within the time limi utilized because the nature of <br />time of preliminary plat approva ot size and valuer and <br />the subdivision, its extension of the time <br />other relevant factors are known. ®. council, the fair <br />limits in this chapter is | time of the approval of <br />market value shall 5®..^^®^®^?^^ the fair market value as of time of <br />that extension. In determining t extension thereof, the factors <br />preliminary plat application, o .. include any and all <br />to be included in the used by approved members of SREA <br />which are generally aooraisL Societies,or MAI or equivalent real estate appraisal <br />0. Notwithstanding the above, in /,'’f3jo!So <br />cash contribution per lot be less than S500.00 per lot or <br />per dwelling unit. <br />ORONO CC 472 (4-9-90) <br />1