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A. “Adequate consideration” means cash or other things of value at least equal to a real property’s fair market value.

B. “Disposal” means the conveyance or transfer of an interest in land, including by sale, exchange, lease, grant of an easement, or the grant of an option.

C. “Real property” means land and improvements affixed to land.

D. “Significant parcel” means real property: (1) having a fair market value in excess of one hundred thousand dollars; (2) having a land area in excess of one acre (forty-three thousand five hundred sixty square feet); or (3) set aside for, or used as, a public park or public recreation area. (Ord. 22-04, 2022)