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Chapter Definitions. As used in this Chapter 23, the following initially capitalized terms shall have the meanings ascribed to them in this Section 23.2:
“Acquire” shall mean to acquire, accept, purchase, or exchange an easement or fee title in Real Property. “Acquisition” shall have a correlative meaning.
“Affordable Housing” shall have the meaning set forth in Administrative Code Section23A.4.
“Appraisal” shall mean a written opinion of value, as defined by the most recent version of USPAP, that is prepared for or received by the City, is prepared by a Qualified Appraiser, and conforms with USPAP appraisal guidelines.
“Appraisal Review” shall mean a written opinion about the quality of a Qualified Appraiser's work performed as part of an Appraisal that conforms with applicable USPAP appraisal review guidelines. An Appraisal Review shall be conducted by a Reviewer and include a summary of the reasons and findings for recommending or not recommending the subject Appraisal for approval.
“City” shall mean the City and County of San Francisco.
“Charter” shall mean the Charter of the City and County of San Francisco.
“Code” shall mean the Administrative Code of the City and County of San Francisco.
“Competitive Bidding Process” or “Competitive Bidding Procedures” shall mean a request for proposals, request for qualifications, or other publicly noticed competitive solicitation with specified criteria for selection.
“Convey” shall mean to convey, sell, transfer, grant, or relinquish an easement or fee title in Real Property. "Conveyance" shall have a correlative meaning.
“Lease” shall mean a lease, sublease, or other means of granting a right to occupy or use Real Property, and shall also include a license, permit to enter, use permit, or other similar instrument.
“Market Rent” shall mean the most probable rent that a Real Property should bring in a competitive and open market reflecting all conditions and restrictions of the lease agreement.
“Qualified Appraiser” shall mean a person who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective, holds a certified general license issued by the California Bureau of Real Estate Appraisers and the designation of MAI from the Appraisal Institute, and has five or more years of recent experience appraising real estate of the same type and in the same city, county, or wider area, as applicable, as the subject Real Property.
“Real Estate Department” shall mean the Real Estate Division of the Department of Administrative Services.
“Real Property” shall mean any real property interest in land or improvements, including an easement, Lease, or fee interest.
“Reviewer” shall mean a Qualified Appraiser who performs Appraisal Reviews.
“USPAP” shall mean the current edition of the Uniform Standards of Professional Appraisal Practice in effect on the date of an Appraisal or Appraisal Review.
(Former Sec. 23.2 repealed by Ord. 15-01, File No. 001965, App. 2/2/2001)