SPECIFIED ALGONQUIN LANDS Clause Samples
SPECIFIED ALGONQUIN LANDS. 12.2.1 The Algonquins are not subject to property taxation in respect of Specified Algonquin Lands, identified in Schedule 12.2, or interests in Specified Algonquin Lands, on which there are no Improvements.
12.2.2 Where Specified Algonquin Lands are exempt from taxation under 12.2.1, the Algonquins, prior to the Final Agreement will enter into a financial arrangement with the appropriate government authority to cover the cost of services provided by that government authority to Specified Algonquin Lands, which financial arrangement would become effective on the date Specified Algonquin Lands are transferred to the Algonquins.
12.2.3 For the purposes of 12.2.1, an improvement is deemed to be on the land that is necessarily ancillary to the use of the improvement.
12.2.4 For greater certainty, the exemption from taxation in 12.2.1 does not apply to a taxpayer other than the Algonquins nor does it apply with respect to a disposition of Specified Algonquin Lands, or of interests in those lands, by the Algonquins.
SPECIFIED ALGONQUIN LANDS. 12.2.1 An Algonquin Institution that meets the criteria specified in the Final Agreement is not subject to real property taxation in respect of the Specified Algonquin Lands that it owns if:
(a) there are no Improvements on the lands, and
(b) a financial arrangement has been entered into in respect of the lands under 12.2.2.
12.2.2 Where Specified Algonquin Lands are to be exempt from taxation under 12.2.1, the Algonquin Institution, prior to the Final Agreement, will enter into a financial arrangement with the appropriate government authority under which the Algonquin Institution will pay the costs of any services that the Algonquin Institution and the government authority agree will be provided to Specified Algonquin Lands, which financial arrangement would become effective on the Date of Transfer for the particular parcels of Specified Algonquin Lands. Any costs associated with such financial arrangements will be the responsibility of the Algonquin Institution.
12.2.3 For the purposes of 12.2.1, if Specified Algonquin Lands contain an Improvement, the portion of the lands that becomes taxable as a result is the portion that is ancillary to the use of the Improvement.
12.2.4 For greater certainty, the exemption from taxation in 12.2.1 does not apply to a Person other than an Algonquin Institution that meets the criteria specified in the Final Agreement, nor does it apply to a disposition of an interest in the Specified Algonquin Lands.