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The city shall determine the fair market value of any real property prior to its sale, based on the certified appraisal report of a state licensed and qualified appraiser who shall prepare the report in conformity with the Code of Professional Ethics of the Appraisal Institute and the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation. No real property of the city shall be sold for less than ninety percent of such appraised value. (Ord. 2935-06 § 4, 2006.)