South Dakota § 11-8-57 Fair value of property leased, transferred or retained--Factors considered in determining fair value.

South Dakota Statutes

§ 11-8-57 — Fair value of property leased, transferred or retained--Factors considered in determining fair value.

South Dakota § 11-8-57

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-8URBAN RENEWAL

This text of South Dakota § 11-8-57 (Fair value of property leased, transferred or retained--Factors considered in determining fair value.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 11-8-57 (2026).

Text

Such real property or interest shall be sold, leased, otherwise transferred, or retained at not less than its fair value for uses in accordance with the urban renewal plan. In determining the fair value of real property for uses in accordance with the urban renewal plan, a municipality shall take into account and give consideration to the uses provided in such plan; the restrictions upon, and the covenants, conditions and obligations assumed by the purchaser or lessee or by the municipality retaining the property; and the objectives of such plan for the prevention of the recurrence of slum or blighted areas.

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Such real property or interest shall be sold, leased, otherwise transferred, or retained at not less than its fair value for uses in accordance with the urban renewal plan. In determining the fair value of real property for uses in accordance with the urban renewal plan, a municipality shall take into account and give consideration to the uses provided in such plan; the restrictions upon, and the covenants, conditions and obligations assumed by the purchaser or lessee or by the municipality retaining the property; and the objectives of such plan for the prevention of the recurrence of slum or blighted areas.