Disposal of Land Clause Samples

Disposal of Land a. For land purchased under a grant for airport noise compatibility purposes, including land serving as a noise buffer, it will dispose of the land, when the land is no longer needed for such purposes, at fair market value, at the earliest practicable time. That portion of the proceeds of such disposition which is proportionate to the United States' share of acquisition of such land will be, at the discretion of the Secretary, (1) reinvested in another project at the airport, or (2) transferred to another eligible airport as prescribed by the Secretary. The Secretary shall give preference to the following, in descending order, (1) reinvestment in an approved noise compatibility project, (2) reinvestment in an approved project that is eligible for grant funding under Section 47117(e) of title ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Code, (3) reinvestment in an approved airport development project that is eligible for grant funding under Sections 47114, 47115, or 47117 of title ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Code, (4) transferred to an eligible sponsor of another public airport to be reinvested in an approved noise compatibility project at that airport, and (5) paid to the Secretary for deposit in the Airport and Airway Trust Fund. If land acquired under a grant for noise compatibility purposes is leased at fair market value and consistent with noise buffering purposes, the lease will not be considered a disposal of the land. Revenues derived from such a lease may be used for an approved airport development project that would otherwise be eligible for grant funding or any permitted use of airport revenue. b. For land purchased under a grant for airport development purposes (other than noise compatibility), it will, when the land is no longer needed for airport purposes, dispose of such land at fair market value or make available to the Secretary an amount equal to the United States' proportionate share of the fair market value of the land. That portion of the proceeds of such disposition which is proportionate to the United States' share of the cost of acquisition of such land will, (1) upon application to the Secretary, be reinvested or transferred to another eligible airport as prescribed by the Secretary. The Secretary shall give preference to the following, in descending order: (1) reinvestment in an approved noise compatibility project, (2) reinvestment in an approved project that is eligible for grant funding under Section 47117(e) of title ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Code, (3) reinvestment in an ap...

Disposal of Land. For land purchased under a grant for airport development purposes (it is needed for aeronautical purposes, including runway protection zones, or serve as noise buffer land; and revenue from the interim use of the land contributed to the financial self‐sufficiency of the Airport), the Sponsor shall apply to the State and FAA for permission to dispose of such land. If agreed to by the State and/or FAA, the Sponsor shall dispose of such land at fair market value and make available to the State and FAA an amount that is proportionate to the State and FAA’s share of the cost of the land acquisition. That portion of the proceeds of such disposition, which is proportionate to the share of the cost of acquisition of such land, shall be (a) reinvested in another eligible airport development Project or Projects approved by the State and FAA or (b) be deposited to the Aviation Trust Fund if no eligible Project exists.

Disposal of Land a. For land purchased under a grant for airport noise compatibility purposes, including land serving as a noise buffer, it will dispose of the land, when the land is no longer needed for such purposes, at fair market value, at the earliest practicable time. That portion of the proceeds of such disposition which is proportionate to the United States' share of acquisition of such land will, at the discretion of the Secretary, (1) be paid to the Secretary for deposit in the Trust Fund or (2) be reinvested in an approved noise compatibility project including the purchase of nonresidential buildings or property in the vicinity of residential buildings or property previously purchased by the airport as part of a noise compatibility program. b. Disposition of such land under (a) will be subject to the retention or reservation of any interest or right necessary to ensure that such land will only be used for purposes which are compatible with noise levels associated with operation of the airport.

Disposal of Land. For the disposal of real property the Agency assures that it will comply with the following: 1) For land purchased for airport development or noise compatibility purposes, the Agency shall, when the land is no longer needed for such purposes, dispose of such land at fair market value and/or make available to the Department an amount equal to the state’s proportionate share of its market value. 2) Land will be considered to be needed for airport purposes under this assurance if: a) It serves aeronautical purposes such as a runway protection zone or as a noise buffer. b) Revenue from uses of such land contributes to airport financial self-sufficiency. 3) Disposition of land under Sections D.22.f.1. or D.22.f.2. of this Exhibit, above, shall be subject to retention or reservation of any interest or right therein needed to ensure such land will only be used for purposes compatible with noise levels related to airport operations. 4) Revenues from the sale of such land must be accounted for as outlined in Section D.1. of this Exhibit, and expended as outlined in Section D.9. of this Exhibit.

Disposal of Land. Pursuant to City Council Resolution No. , attached hereto as Exhibit “X”, the City determined that certain real property consisting of approximately 7,000 square feet of slope area, more particularly described in the attached Exhibit “X” (“Land”), falls within the definition of “surplus land” pursuant to Government Code section 54221 and is not necessary for the City’s use. As such, the City is considering the disposal of the Land in accordance with the process and requirements set forth in the California Surplus Land Act, Government Code sections 54220 et seq. (“SLA”). The City intends to send a written notice of availability of the Land by electronic mail or by certified mail to the all of the entities identified in Government Code section 54222 within two (2) days of the Effective Date of this Agreement. At the conclusion of the process set forth in the SLA if no qualified entities/agencies desire to purchase or lease the Land, the City shall begin good faith negotiations with the Owner, to purchase the Land; provided however, nothing herein shall be construed to bind the Parties to either the purchase or sell of the Land. The total purchase price (“Purchase Price”) for the Land shall be based on the fair market value of comparably designated land located in the City of Chula Vista as determined by an appraisal conducted by an appraiser contracted by the City and paid for by the Owner. The Owner may provide information to the appraiser to assist in obtaining an appraisal that reflects fair market value of the Land. If the Land is transferred to an entity other than the Owner, the City shall reimburse the Owner for the cost of the appraisal within ten (10) days of the execution of the sales agreement with the other entity. The appraisal process will allow the City to sell or lease the Land at fair market value and is not considered negotiations with respect to the sell or lease of the Land. Should the Owner agree to the Purchase Price, the City shall convey to Owner a grant deed transferring fee simple title to the Land in recordable form, duly executed by the City, free and clear of all recorded liens, encumbrances, assessments, easements, leases and taxes; except those which are reasonably approved by the Owner. Should the Parties ultimately agree to a transfer of the Land, other terms to be negotiated shall include but not be limited to: (a) transfer of the Land in “as-is” condition; (b) the opportunity for Owner to conduct due diligence with respect ...

Disposal of Land. ‌ HS2 Ltd shall consult with the SoS before the disposal of any Core Land, Management Land, Additional Land or O&M Land acquired and owned by the SoS and comply with the Crichel Down Rules or any other policies which may be introduced. The terms relating to any revenue generated by such disposals are set out in paragraph 8 of the Financial Annex.

Disposal of Land. CRL, acting as the agent of SoS, will dispose of any surplus land acquired and owned by SoS except that which is transferred to TfL or Network Rail, and in doing so in relation to any Land to which the Land Disposal Policy applies, CRL will consult with SoS and will comply with the Land Disposal Policy and the Crichel Down Rules insofar as the same apply and taking into account any available exclusions.

Disposal of Land. For land purchased under a grant for airport noise compatibility purposes, it will dispose of the land, when the land is no longer needed for such purposes, at fair market value, at the earliest practicable time. That portion of the proceeds of such disposition which is proportionate to the United States' share of acquisition of such land will, at the discretion of the Secretary, 1) be paid to the Secretary for deposit in the Trust Fund, or 2) be reinvested in an approved noise compatibility project as prescribed by the Secretary.

Disposal of Land. The SoS appoints HS2 Ltd to be his agent for the purposes of the disposal of any surplus Land acquired and owned by the SoS. HS2 Ltd (acting as the SoS’s agent) will consult with the SoS and will comply with the Crichel Down Rules or any other policies which may be introduced. The parties will seek to agree the terms relating to any revenue generated by such disposals by the Phase 1 Review Point 1 Date.