Real Property Disposition Sample Clauses
The Real Property Disposition clause governs the process by which a party may sell, transfer, or otherwise dispose of real estate assets covered by the agreement. It typically outlines the conditions under which property can be sold, such as obtaining necessary consents, following specific procedures, or meeting certain financial requirements. This clause ensures that all parties are aware of and agree to the terms for transferring ownership, thereby preventing unauthorized sales and providing a clear framework for handling real property transactions within the contract.
Real Property Disposition. The Board of Public Works approved the surplus declaration on March 18, 2020 (USM Item 2- RP).The University sent a letter dated March 30, 2020 to the Senate Budget and Taxation and House Appropriations Committees for review and comment on the disposition and no comments were received. Governor Lt. Governor Secretary Maryland Aviation Administration (MAA) 1 – 5 Maryland Transportation Authority (MdTA) 6 – 13 Maryland Port Administration (MPA) 14 – 18 Maryland Transit Administration (MTA) 19 – 21 ADPICS Nos.: MAAAE19002, MAAAE19004 Contract Description: These contracts are two of four work-order based contracts to provide construction management and inspection (CMI) services for BWI ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and MTN Airports. Awards: Brudis & Associates, Inc. (MAA-AE-19-002) Columbia, MD Specialized Engineering (MAA-AE-19-004) Hanover, MD Contract Term: 08/13/2020 – 08/12/2025 (*or earlier upon BPW Approval) Amount: $3,500,000 NTE - MAA-AE-19-002 Procurement Method: Qualification-Based Selection (Small Business Reserve) Proposals: Offeror Technical Proposal (Ranking) Max 3,050 Technical (Ranking) Award Brudis & Associates, Inc. Columbia, MD 2,645 1 $3,500,000 NTE (MAA-AE-19-002) Specialized Engineering Hanover, MD 2,617 2 $2,500,000 NTE (MAA-AE-19-004) Mimar Architects & Engineers, Inc. / ▇▇▇▇▇▇▇▇ & Paris Engineers JV Baltimore, MD 2,375 3 Contract C Drive Engineering Corp Blue Bell, PA 2,291 4 Contract D MBE Participation: 28% 1-AE. MARYLAND AVIATION ADMINISTRATION (cont’d)
Real Property Disposition. That the Board of Public Works approve the conveyance of two University of Maryland properties totaling approximately 0.24 acres located in College Park, Maryland to Core Campus Manager, LLC. Properties: 4218 and ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, Grantor: State of Maryland for the University System of Maryland on Behalf of its Constituent Institution, the University of Maryland, College Park. Grantee: Core Campus Manager, LLC Appraisals: ▇▇▇▇▇▇▇ & Associates, LLC $373,000 Merit Real Estate Analysis, Inc. $450,000 Price: $2,100,000
Real Property Disposition. (Surplus Property)
5.1 Services shall include Real Estate Appraisal Practices defined under USPAP and allowed under Texas State Law.
5.2 Shall provide advance notice to the State, the date and time of their physical inspections of the subject property in order to coordinate the inspection with State staff, if applicable.
5.3 Shall prepare a complete appraisal report for the assignment on each parcel. The report may be in a narrative format or placed on an appraisal form when appropriate. There are no specific form requirements for real property disposition appraisals.
5.4 Shall prepare written notification to the State of any environmental concerns associated with the right of way to be sold, which could require environmental remediation, if applicable.
5.5 The fees for real property disposition assignments shall be based on hourly rate shown in Attachment D-1, Fee Schedule.
Real Property Disposition. Any real property under the control of OWNER that was acquired or improved in whole or in part with grant funds in excess of $25,000 shall either be disposed of in accordance with 24 CFR 570 resulting in the CITY being reimbursed in the amount of the current fair market value of the property less any portion of the value attributable to expenditures of non-grant funds for improvement to the property. Such reimbursement shall not be required if disposition occurs more than five (5) years after expiration of this Agreement.
Real Property Disposition