The Management Plan. Owner will file with OHCS a Project Management Plan (the “Management Plan”), consistent with Program Requirements, satisfactory to OHCS. Any then current Management Plan, when approved by OHCS, will be deemed incorporated into this Agreement by reference. OHCS may require periodic revisions to the Management Plan from the Owner. The Owner may propose revisions to the Management Plan for approval by OHCS. All Management Plan revisions are subject to OHCS’ sole discretion and must be approved in writing by OHCS prior to becoming effective.
The Management Plan. 15.1 The State must implement a management plan to regulate the exercise of Aboriginal Traditional Fishing rights contained in clause 14 of this ILUA. The management plan must:
The Management Plan. Once a manager has entered into a management agreement, the actual business of managing begins. The f irst ( and often most import ant) step in managing a property is drawing up a management plan. A management plan outlines the manager’s strategy for f inancial management and physical upkeep, and focuses on achieving the owner’s goals. The management plan should implement the owner’ s goals in the most effective manner possible. I t is important to remember that there are many different reasons for investing in income property— different property owners have different management goals. For instance, one property owner may simply want a steady, reliable stream of income. Another owner may want a tax shelter. Another may want to increase the property’s value in order to reap a bigger profit in later years. An owner’s goals can also change over the period of ownership. Example: When he’s in his early forties, Xxxx decides to purchase a small apartment building. He has other sources of income, so he is most interested in the long- term investment and tax shelter aspects of real estate ownership. However, as the years pass, Xxxx’s needs change. When he retires, he is suddenly more interested in receiving a steady cash f low f rom his property.
