Common use of The PVP Zone Clause in Contracts

The PVP Zone. Property owners who live within the area shown on the map are eligible to apply for compensation under the PVP Program. The Zone boundaries are: on the west - a line 300m west of the western limit of Newtonville Road; on the north – a line 300 m north of the northern limit of Durham Highway/County Road 2 and Xxxx Road; on the east – the eastern boundary of the Municipality of Port Hope; and on the south – the shoreline of Lake Ontario. How does the PVP compensation process work? Once a property owner submits a claim, the PVP Program office reviews the information and analyzes the selling prices of similar properties within and outside the PVP Zone. In the majority of cases for properties valued under $250,000, claimants can expect to be notified of the decision within 15 business days. When a claim is approved, the PVP office issues a cheque for compensation. If a claim is denied, the office provides a written explanation, and the claimant may proceed to the appeal process, involving mediation and/or arbitration. No fees are involved.