Section 142.00. Real property liabilities; procedure for ascertaining the amount thereof

The amount of outstanding indebtedness  on  account  of  the  acquisition  of  real  property to be included in a debt statement,
  pursuant to subdivision two of paragraph a of  section  135.00  of  this
  chapter,  shall  be  the  value of such real property as determined by a
  court in a condemnation proceeding,  or  pursuant  to  the  terms  of  a
  contract  under  which a municipality, school district in a city or fire
  district agrees to take title  to  such  real  property.  If  such  real
  property  has  not  been evaluated in any of the above ways, it shall be
  valued at the amount set forth therefor in the last completed assessment
  roll used for the levying of taxes of such municipality, school district
  or fire district. If, however, such real property is also  evaluated  on
  the  current  assessment  roll of one or more other units of government,
  the amount of indebtedness shall be the highest value assigned to it  by
  any  current  assessment roll in which it is evaluated. If title to such
  real property has vested in such municipality, school district  or  fire
  district,  there  shall also be included the amount of interest accruing
  from the date of vesting of title upon the unpaid award, contract  price
  or assessed valuation of the real property, as the case may be.