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<br /> <br />28 | Page <br />Docktown Plan <br />OAK #4823-0464-7229 v3 <br />the City's behalf. Following receipt of the City’s offer of acquisition, any Owner <br />would then have 45 days to submit his/her own appraisal to the City for <br />consideration. If the Owner’s appraisal is within 10% of the City’s offer of <br />acquisition, the City will pay the Owner the amount submitted by the Owner’s <br />appraiser. If the Owner’s appraisal amount is higher than 10%, the City will pay <br />for an independent third party appraiser to render a final appraisal value for the <br />Dwelling structure based upon his/her review of the two appraisals prepared by <br />the City and the Owner. The City shall pay for all costs associated with the third <br />party appraiser. Selection of a third party appraiser to perform the final valuation <br />will be done using the following process: The City will submit three names of <br />acceptable appraisers to the Owner and the Owner will select the third party <br />appraiser from among those three names submitted by the City. <br />The appraisal process and team is described in Appendix 3. Appraisals would be <br />conducted at the City’s cost. Offer of payment would be made available to all <br />Owners of Dwellings regardless of income, age, disability status, or any other <br />potentially discriminatory reason prohibited by law. <br />Tenants With a Sub-tenant meeting the definition of Senior, Low-Income, Veteran, <br />or Disabled as defined in this Docktown Plan are eligible to receive an offer to <br />purchase their Dwelling if the Dwelling cannot be moved, in addition to the <br />enhanced benefits described in paragraph 5, below. <br />3. Cost of Sale Reimbursement: <br />Owners of Dwellings who make unsuccessful attempts to actively sell their <br />Dwelling by publicly listing or offering their Dwelling for sale to a party who will <br />relocate the Dwelling from Docktown, and who incur costs associated with listing <br />their Dwelling for sale, may be reimbursed up to one thousand dollars ($1,000) for <br />such costs. <br />This payment will be made to the Owner or Owners documenting the incurrence <br />of the expense.