Upset price means the minimum amount that a foreclosed upon
Upset price means the lowest acceptable price for a parcel.
Upset price means the General Trustees' estimate of the open market value of the land to be sold assessed on the basis of a sale by a willing seller to a willing purchaser on the same terms and conditions as set out in the statement of terms and where an upset price has been amended by agreement means the amended upset price and where the upset price has been determined by an arbiter means the upset price as so determined.
More Definitions of Upset price
Upset price has the meaning set forth in Section 5.3(b).
Upset price means the reserve price of the Municipality.
Upset price means the minimum price the City will accept for a parcel of land. BACKGROUNDLand development within the City of Whitehorse has a complex history in relation to which agency or level of government has the responsibility for the planning, design, approvals and ultimate development. In an effort to provide greater clarity of the roles and responsibilities of each party, the City of Whitehorse and Yukon Government entered into a Land Development Protocol in 2006.The 2006 Land Development Protocol states that the City of Whitehorse will be responsible for the planning, design, consultation and approvals for land development in the City and the Yukon Government will be responsible for the physical development and ultimate sale of the developed land. Through this process, the City is taking a more active role in development of land in Whitehorse.The City of Whitehorse and the Yukon Government have strived to maintain a two year supply of building lots on inventory. This goal was to ensure that the building industry would have a supply of lots to draw upon and the general public would be able to purchase a lot of their choice over the counter as opposed to through a lottery process. The sale of land to the private sector facilitates land development and can generate revenue for the City.The City is working on various residential development projects located on both Yukon Government and City-owned land. This policy is intended to provide guidance on how disposition of City-owned land will take place. DISPOSITION PROCEDURE
Upset price shall have the meaning specified in Section 14(a).
Upset price means an approximate estimate of the anticipated price in sale by auction or by inviting tenders.
Upset price means, in relation to a tax-sale interest offered for sale at a tax sale, the total of the following amounts: