NRS 393.329: Resolution declaring intention to exchange property: Adoption and contents.

1. After receiving the report of the appraisers and before ordering the exchange of any real property, the board of trustees shall, in open meeting by a majority vote of the members, adopt a resolution declaring the board’s intention to exchange the real property.

2. The resolution shall:

(a) Describe the real properties proposed to be exchanged in such a manner as to identify them.

(b) Specify the cash market value of the real properties proposed to be exchanged as determined by the appraisers.

(c) Fix a time, not less than 3 weeks thereafter, for a public meeting of the board of trustees to be held at its regular place of meeting, at which meeting objections to the proposed exchange may be made by interested persons.