Common use of Property to Be Transferred Clause in Contracts

Property to Be Transferred. Pursuant to this Agreement At the time of this IAA execution date, the asset to be transferred is commonly known as the Xxxxxxxxx Dock located along the Eastbank Esplanade within the Willamette River. The Property is south of the Xxxxxxxx Bridge. An aerial image of the Property is shown in Exhibit A. The asset consists of a 60-foot long gangway and a 300-foot long dock consisting of ten – 30 foot long by 10 feet wide wood and concrete floats held together with eight – 24-inch in diameter steel piles, galvanized steel cleats bolted into the dock every 10 feet on both sides for securing boat lines, electrical utility lines, gate, and decommissioned dock light bollards (collectively the “Facilities”). The Facilities use is for recreational purposes, specifically to provide small non-commercial boat tie-ups, fishing, and swimming on the Willamette River.

Appears in 1 contract

Samples: Interagency Agreement

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