(A) Except as to property designated as possessing in a special use, the fair cash market value of property in a proceeding in eminent domain shall be the amount of money which a purchaser, willing but not obligated to buy the property, would pay to an owner willing but not obliged to sell in a voluntary sale, which the amount of money shall be determined and ascertained as of the date of filing the petition to condemn.
(B) Provided, that in the condemnation of property for a public improvement, there shall be excluded from the amount of money any appreciation in value proximately caused by the improvement, and any depreciation in value proximately caused by the improvement. Provided further, that the appreciation or depreciation shall not be excluded where property is condemned for a separate project conceived independently of and subsequent to the original project.
(Ord. 83-405, passed 3-10-1983)