Land Transfers Sample Clauses

Land Transfers. 2.1 Upon the date that the Xxxxxxx Home Road Extension is completed and accepted by the City (the “Transfer Date”), JFLT will convey to the City the land south of the centerline of the Xxxxxxx Home Road alignment, comprising the south portion of the right-of-way for the Xxxxxxx Home Road Extension, as legally described in Exhibit C, Legal Description of South ROW (the “South ROW”). 2.2 On the Transfer Date, JFLT will also convey to the City the following land: (a) the land north of the centerline of the Xxxxxxx Home Road alignment, comprising the north portion of the right-of-way for the Xxxxxxx Home Road Extension (the “North ROW”), and (b) certain undevelopable remnant parcels lying north of the North ROW that will be created by the final roadway configuration described in Section 3.1 (collectively, the “Remnant Parcel”). The North ROW and the Remnant Parcel, which total approximately 11.85 acres, are legally described in Exhibit D, Legal Description of North ROW and Remnant Parcel. As the fair market consideration for the North ROW and the Remnant Parcel, the City will pay JFLT a purchase price

Land Transfers. A. Conservation Land Transferred to the SBVWCD. All land transferred to the SBVWCD for conservation purposes shall be transferred to the SBVWCD in unencumbered fee simple. B. Land Exchange Between SBVWCD and Xxxxxxxxx’x. Prior to the completion of Phase 1 as described in Table S-1 of the HCP, SBVWCD and Xxxxxxxxx’x will effectuate the land exchange shown on Exhibit “B.” C. Land Exchange Between BLM and Conservation District. Prior to initiation of Phase 2 as described in Table S-1 of the HCP, BLM and the SBVWCD will effectuate the land exchange shown on Exhibit “B,” subject to an amendment the BLM’s South Coast Resource Management Plan (“SCRMP”) and the certification of an Environmental Impact Statement (“EIS”). D. Land Exchange Between Redlands and SBVWCD. Prior to Prior to the completion of Phase 1 as described in Table S-1 of the HCP, Redlands and SBVWCD will effectuate the land exchange shown on Exhibit “B.”

Land Transfers. 8. Request by Council Resolution – The Nation will, by band council resolution substantially in the form attached as Schedule 6, request that, in sequence and immediately after: a. Canada sets apart the Additional Lands as reserve within the meaning of the Indian Act for the use and benefit of the Nation; and b. Alberta makes the payment set forth in paragraph 37(a); Canada will take all steps necessary pursuant to section 35 of the Indian Act to transfer administration and control of its entire interest in the Land to Alberta in the form of the Transfer of Administration and Control attached as Schedule 7. The Nation will provide Alberta with a copy of this band council resolution at the same time the Nation provides it to Canada.

Land Transfers. Subject to the terms of this Agreement, including the satisfaction or waiver of all applicable conditions precedent, the Province will transfer to a Designated Company parcels of provincial Crown land as identified and agreed to by the Parties in accordance with the Land Selection Process, with a total Fair Market Value, calculated in accordance with section 4.2, of $5.05 million (the “Total Land Value Cap”) .

Land Transfers. The project now has the following assumptions for land transfers from/to the City: • To facilitate the project, the City needs to transfer to the State Government Lots 1029 and 1032 at a nominal ($1) value in accordance with clause 6.1(g) of the MOU. In 2020 the City received land valuation advice which confirmed the nominal value and the City’s asset register has been updated to reflect this value. The draft Heads of Agreement is also consistent with this. At present these lots have minimal market value but once developed will provide income to the City in the form of rates revenue, paid parking, and, potentially, commercial leases. • The balance of Lot 1029 not required for the project will be transferred back to the City in freehold. • The Beach Carpark (marked 24 on the current concept plan) will be transferred to the City in freehold. • In addition the Ocean Reef Sea Sports Club (ORSSC) site will be created as a Crown Reserve with a Management Order (containing the power to lease) granted to the City. This, potentially, provides the City the opportunity to construct commercial facilities and derive an income stream, which has now been factored into the financial estimates.

Land Transfers