Laserfiche WebLink
written notice of such appointment to the other party. <br /> Within ten ( 10 ) days after the . appointment of the second <br /> appraiser , the- two appraisers shall appoint a -third <br /> appraiser . , Within' thirty ( 30 ) days after the appointment <br /> of the third appraiser , the appraisers shall execute in <br /> duplicate a' report- stating the Annual Fair Rental Value of <br /> the Leased Premises. The report of, the three appraisers <br /> shall be conclusive upon the District and the City. If <br /> the three appraisers cannot agree , the report of the <br /> majority shall be conclusive. <br /> If the second appraiser is not appointed within <br /> the time herein allowed and notice thereof given , the <br /> report of the first appraiser shall be conclusive upon the <br /> parties hereto . If the third appraiser is not appointed <br /> within the time herein allowed , either party hereto may <br /> apply to the senior judge .of the Hennepin County District <br /> Court ( if .such court does not then exist , then of an <br /> • .r <br /> existing court of comparable jurisdiction) , and such judge <br /> shall appoint .the third appraiser within thirty (30 )- days <br /> after application is made . If the appraisers are unable <br /> to formulate a majority report within the time herein <br /> specified, .either party may make application to the court. <br /> for a determination of the Annual Fair Rental Value, and <br /> the District and the City waive all rights to a trial by <br /> jury. Aftertaking such evidence as he deems necessary <br /> and proper , the judge shall issue his order and the order <br /> shall be conclusive - upon the parties . <br /> A <br /> Any appraiser appointed shall be a member of the <br /> American Institute of Real Estate Appraisers , or a similar <br /> professional society. Every appraiser appointed shall <br /> sign an affidavit to honestly, justly, and impartially <br /> perform the appraisal duties . <br />