O-1998-2225 - Laserfiche WebLink

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Ord. 98-22:25 'Je10'i\lAL e (1) Fair market value shall be considered seventy-five percent (75%) of the fee value as determined by such independent appraisal. If the city owns an interest in such a tract of land as a street, alley or easement, the fair market value shall considered seventy-five percent (75%) of the fee value as determined by such independent appraisal. (2) If the city owns such a tract of land in fee, the fair market value shall likewise be determined hereunder at not less than seventy-five percent (75%) of the value determined in the manner provided in this subparagraph." seotion 4. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict only. seotion 5. If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or clause, of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the remaining portions of this Ordinance, and it is hereby declared to be the intention of this City Council to have passed each section, sentence, phrase, or clause, or part thereof, irrespective of the fact that any other section, sentence, phrase, or clause, or part thereof, may be declared invalid. seotion 6. The City Council officially finds, determines, recites, and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the Ci ty for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this ordinance and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. 2