§ 15.01.030. Definitions.

The following words have the following meanings:

Appraisal shall mean an appraisal conducted by an appraiser, which sets forth the fair market value of the real property or lease being appraised.

Appraiser shall mean an appraiser holding and maintaining a current Nevada General Appraiser certification issued by the State of Nevada.

Director means the director of public works, or his duly authorized designee.

Economic development means (i) the establishment of new commercial enterprises or facilities within the city; (ii) the support, retention or expansion of existing commercial enterprises or facilities within the city, (iii) the establishment, retention or expansion of public, quasi-public or other facilities or operations within the city; (iv) the establishment of residential housing needed to support the establishment of new commercial enterprises or facilities or the expansion of existing commercial enterprises or facilities; or (v) any combination of the foregoing to create and retain opportunities for employment for the residents of the city.

Property means the real property owned being sold or leased by the city.

Public meeting means the public meeting before city council to consider bids pursuant to section 15.01.130.

Redevelopment has the meaning ascribed to it in NRS 279.408.

Residential property shall mean any real property which contains a structure or building in which one or more persons reside, provided that the structure or building is properly zoned, or is legally nonconforming, for residential use in accordance with Chapter 18 of the Reno Municipal Code.

Resolution of intent means the resolution established under section 15.01.100 of this chapter.

(Ord. No. 5795, § 2, 1-11-06; Ord. No. 5991, § 2, 12-12-07)