The resolution proposing to order the making of a substitution shall contain:

(a) The number of the vehicle parking district and a reference to the ordinance fixing its exterior boundaries.

Terms Used In California Streets and Highways Code 31914

  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • New property: means any or all of the following:

    California Streets and Highways Code 31900

  • Old property: means any or all of the following:

    California Streets and Highways Code 31900

  • substitution: means the replacement of old property by new property. See California Streets and Highways Code 31900

(b) A general description of the proposed substitution.

(c) An estimate of the current fair market value of the old property and an estimate of the current fair market value of the new property, together with the estimated cost of improvements, if any, proposed to be constructed on the new property for parking purposes.

(d) A time and place for the hearing of protests on the proposed substitution.

(Added by Stats. 1957, Ch. 1168.)

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