Port Properties definition
Port Properties means those properties within the Waterfront District currently owned or managed by the Port including vacated rights-of-way which abut Port property. Port Property may include aquatic lands managed by the Port pursuant to its Port Management Agreement. The Port Properties are depicted in Exhibit C.
Port Properties shall embrace all lands, piers and other structures and facilities and all equipment, appurtenances, property, rights, easements and interests acquired or leased by the Commonwealth in the Port of Boston (as defined in the Enabling Act as in effect on February 17, 1959) which on said date were in the charge of the Port of Boston Commission, and any extensions, enlargements, improvements, renewals and replacements financed from funds made available from the proceeds of the Refunded Bonds, bonds issued under the provisions of the 1959 Trust Agreement or Bonds issued under the provisions of this Agreement, but shall not include any land, building, structure or other facility financed or refinanced by the Authority by obligations not issued under the provisions of the 1959 Trust Agreement, the 1964 Trust Agreement or this Agreement, and for the purposes of Section 508 of this Agreement shall not include any land, building, structure or other facility in the Port of Boston financed or refinanced under the provisions of this Agreement which is not a part of the Port Properties as constituted on February 17, 1959 unless the Authority shall by resolution provide otherwise or which is or is permitted to be excluded from the Port Properties by any law now or hereinafter enacted.
Examples of Port Properties in a sentence
The Port shall receive a Park Impact Fee Credit ("Credit") for the Port Properties dedicated to the City for public parks in accordance with BMC Chapter 19.
Pursuant to RCW 53.20, the Port has completed the notifications and hearing required to amend applicable Comprehensive Scheme of Harbor Improvements and the surplus procedure to allow the Port to dedicate the necessary Port Properties to the City for Parks as outlined in Exhibit I “Park Land Dedications.” A portion of the Breakwater Trail crosses over Port managed state -owned aquatic lands.