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Within 30 days after the receipt of the request required by Section 23.13, the Director of Property shall prepare a report for the Mayor and the requesting department of the estimated fair market value of the Real Property, the character of the improvements thereon, and an evaluation as to whether, in the opinion of the Director of Property, the Real Property can be advantageously used by the requesting department for the purposes specified in the request. If the Director of Property determines the estimated fair market value of Real Property exceeds $10,000, the Director of Property shall obtain an Appraisal for the Real Property; provided, however, the Director of Property shall not be required to obtain an Appraisal when the requesting department (a) is not an Enterprise Department, as defined in Administrative Code Section 23A.4, and (b) will use the Real Property for 100% Affordable Housing, as defined in Administrative Code Section 23A.4; provided further that such 100% Affordable Housing requirement shall not exclude other ancillary uses of the Real Property that benefit the Affordable Housing on the Real Property or benefit the community. If the Appraisal determines the fair market value of the Real Property exceeds $200,000, the Director of Property shall obtain an Appraisal Review for such Appraisal. Any Appraisal and Appraisal Review shall have an effective date of value that is not earlier than nine months before the date any legislation for the proposed transfer is submitted to the Board of Supervisors. The Appraisal requirement in this Section 23.14 shall not apply to any jurisdictional transfers under Administrative Code Chapter 23A.
(Former Sec. 23.14 redesignated as Sec. 23.17 and amended by Ord. 15-01, File No. 001965, App. 2/2/2001)