First and Second Appraiser Sample Clauses

First and Second Appraiser. City shall designate the first appraiser (the “First Appraiser”), who shall prepare an appraisal (“City’s Appraisal”) of the Fair Market Value within 30 days of such designation. City shall give Developer written notice and a copy of City’s Appraisal. If Developer does not agree with City’s Appraisal within 10 days of such notice, Developer shall designate a second appraiser (the “Second Appraiser”), who shall prepare an appraisal (“Developer’s Appraisal”) of the Fair Market Value within 30 days of such designation. Developer shall give City written notice and a copy of Developer’s Appraisal. If City does not agree with such Developer’s Appraisal within 10 days of such notice, the provisions of Subsection (iii) shall apply.
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