(A) Personal property acquired by the Commission by purchase shall not be acquired at a cost greater than its fair market value. The Commission may use any commercially reasonable means to establish such value.
(B) Real property acquired by the Commission by purchase shall not be acquired at a cost greater than its fair market appraised value. Such appraised value may be determined by a state certified appraiser or such other means as the Commission deems commercially reasonable.
(C) Disposal of real or personal property, including rental or leasing, shall be at the appraised value of the property unless, after one attempt at a public sale, rent or lease at appraised value the property is not bought, rented or leased, in which case the Commission may dispose of the property for such price and under such terms as it deems best.
(Ord. 1997-27, passed 11-25-1997)