District of Columbia § 10-904 Mayor authorized to pay or receive amounts as part of consideration for exchange.

District of Columbia Statutes

§ 10-904 — Mayor authorized to pay or receive amounts as part of consideration for exchange.

District of Columbia·Title 10 Parks, Public Buildings, Grounds, and Space.·Ch. 9 Exchange of District-Owned Land.

If, in the opinion of the Mayor of the District of Columbia, the value of the land to be conveyed to the District is in excess of the value of the land to be conveyed by the District, the Mayor is authorized to pay, within the limitation of appropriations therefor, to the abutting property owner the amount of such excess as determined by the Mayor, on the basis of an appraisal, and, if the value of the land to be conveyed by the District is in excess of the value of the land to be conveyed to the District, the Mayor shall require the abutting property owner to pay such excess as determined by the Mayor, on the basis of an appraisal, as part of the consideration for the said exchange.

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If, in the opinion of the Mayor of the District of Columbia, the value of the land to be conveyed to the District is in excess of the value of the land to be conveyed by the District, the Mayor is authorized to pay, within the limitation of appropriations therefor, to the abutting property owner the amount of such excess as determined by the Mayor, on the basis of an appraisal, and, if the value of the land to be conveyed by the District is in excess of the value of the land to be conveyed to the District, the Mayor shall require the abutting property owner to pay such excess as determined by the Mayor, on the basis of an appraisal, as part of the consideration for the said exchange.

District of Columbia § 10-904 (Mayor authorized to pay or receive amounts as part of consideration for exchange.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.