Common use of Allowable Expenditures Clause in Contracts

Allowable Expenditures. The Amount can be used to support: (a) The direct costs of securing the Land, including: (i) purchase price of the Land as determined by an AACI-accredited appraisal and in addition to the appraisal practices outlined in the Canadian Land Trust Standards and Practices; (ii) associated costs (costs necessary to secure the Land) including, but not limited to, appraisals, surveys, legal services, land transfer fees (including land transfer taxes and applicable goods and services taxes); (iii) staff time and/or consultant time for securement and/or the cost to develop/draft a Baseline Documentation Report (BDR) and Conservation Agreement; (iv) costs associated with the design and installation of Property-based recognition signage (signage which publically acknowledges NCC and ECCC’s contribution to the land), only if the Land was secured by the Organization and is owned in fee-simple; (v) project financial audit costs; and (vi) other direct costs necessary for the securement of a property that may be agreed to in writing by NCC from time to time upon confirmation from ECCC.