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SECTION II. AMENDMENT OF ARTICLE I, "IN GENERAL". Section 46-1, <br />"Definitions" of Article I, "In General" of Chapter 46, "Floods" of Part II of the Code of <br />Ordinances of the City of Casselberry, Florida is hereby amended to read as follows: <br />Sec. 46-1. Definitions. <br />_ f7ssre�rr.�f.. <br />N `1111 nim <br />Market value means the price at whieh a prepet4y will „hange hands between a willing buye <br />and a willing seller-, neither pafty being under eompulsion to buy or sell and both having reasonable - <br />value of buildings <br />and structures, excluding the land and other improvements on the parcel. Market value May be <br />established by a qualified independent appraise,., is -the actual cash value (in-kind replacement cost <br />depreciated for age, wear and tear, neglect. and quality of construction) determined by a aualified <br />independent appraiser, or tax assessment value adjusted to approximate market value by a factor <br />provided by the Countv-Property Appraiser. <br />SECTION III. AMENDMENT OF ARTICLE III. "FLOOD HAZARD <br />REDUCTION STANDARDS". Section 46-64, "Manufactured Homes" of Article III, <br />"Flood Hazard Reduction Standards" of Chapter 46, "Floods" of Part II of the Code of <br />Ordinances of the City of Casselberry, Florida is hereby amended to read as follows: <br />Sec. 46-64. Manufactured homes. <br />(b) Foundations. All new manufactured homes and replacement manufactured homes installed <br />in flood hazard areas shall be installed on permanent, reinforced foundations that are designed <br />in accordance with the foundation requirements of the Florida Building Code Residential <br />Section R322.2 and this chapter.i vuuuu�.iv" a t' s for manufactured homes bject to Seetio 46 <br />Ordinance 24 —1605 <br />2 of 4 <br />••� <br />SECTION III. AMENDMENT OF ARTICLE III. "FLOOD HAZARD <br />REDUCTION STANDARDS". Section 46-64, "Manufactured Homes" of Article III, <br />"Flood Hazard Reduction Standards" of Chapter 46, "Floods" of Part II of the Code of <br />Ordinances of the City of Casselberry, Florida is hereby amended to read as follows: <br />Sec. 46-64. Manufactured homes. <br />(b) Foundations. All new manufactured homes and replacement manufactured homes installed <br />in flood hazard areas shall be installed on permanent, reinforced foundations that are designed <br />in accordance with the foundation requirements of the Florida Building Code Residential <br />Section R322.2 and this chapter.i vuuuu�.iv" a t' s for manufactured homes bject to Seetio 46 <br />Ordinance 24 —1605 <br />2 of 4 <br />