SEC. 23.20. PAYMENT.

Transfers of Real Property pursuant to this Article shall be paid for no less than 100% of the appraised value, except where the Board of Supervisors determines by resolution that a lesser sum will further a proper public purpose, and provided that the Public Utilities Commission shall be paid at least the historical cost of such Real Property.

(Added as Sec. 23.17 by Ord. No. 7919 (1939); redesignated and amended by Ord. 15-01, File No. 001965, App. 2/2/2001; amended by Ord. 103-16, File No. 160361, App. 6/24/2016, Eff. 7/24/2016)

(Former Sec. 23.20 redesignated as Sec. 23.27 and amended by Ord. 15-01, File No. 001965, App. 2/2/2001)