The following properties have been declared surplus and are either in, or have completed. In disposing of surplus real estate, the Board will ensure that, in the best interests of the public, all would-be purchasers have an equal chance; therefore, an open market opportunity is used to obtain the price most advantageous to the Board.Â. Login / Register. Strategies, such as boundary modification, program realignment and other interim accommodations can be implemented to address capacity issues. The Hamilton-Wentworth District School Board owns vacant sites around the City of Hamilton. The following key amendments are applicable to HWDSB. Bath K0H 1G0, ON 3 Bedroom 2 Storey Condominium townhouse end unit for sale. In addition to receiving funding from the Ministry of Education, the Board must rely upon the revenue generated from the sale of surplus property as an alternative funding option. K9J 6X6. 444/98 or O.Reg.444/98”) governs the manner in which school boards and school authorities in the Province are able to divest real property assets. Reg. 444/98; Directions and decision are clearly articulated in a timely fashion to the Preferred Agencies and the Community, and; The Board issues a proposal to sell, lease or dispose of real property to the Preferred Agencies; Circulation period to Preferred Agencies is a 180-day process; Preferred Agencies have first 90-days to submit an expression of interest (EOI) and an additional. In accordance with Policy BA-6.5 Surplus Board Real Estate - Disposal/Rental, the Board shall determine whether or not surplus real estate is to be retained for future use, leased or sold. The actual amount paid for the property was included in the Land Transfer Tax affidavit and reflected the “market value” at that time. On September 1, 2016, the Ministry of Education implemented amendments to Ontario Regulation 444/98 – Disposition of Surplus Real Property. Have you ever considered a business in a multi-billion dollar h... More details », The owner of this exceptional, home based business is motivated to sell. Excellent reput... More details », A great opportunity to own a reputable and well-known math tutoring franchise with over a decade in the industry and 1,000 centres in Canada and the USA. This was not the amount paid to acquire the property. Under the Ontario Education Act, Ontario Regulation 444/98 (“Ont. The initiation of each phase requires separate Board approval. first 90-days – to submit an expression of interest (EOI) in the property being circulated, and; second 90-days – to submit a compliant offer; Offer must be at fair market value, including all board-to-board sales ; A Regulated prescribed lease rate will be charged when a school board leases a building or part of a building to another district school board. We have a number of good quality, low mileage, used school bus vans (short buses) available. ... More details », Highly profitable home-based tutoring business, utilizing a network of tutors to provide affordable one-to-one supplementary education to students and adults. School Boards and school authorities in the Province of Ontario are governed by O. Reg. HWDSB administration holds a public information session within the first 60 days of the 180-day circulation period to inform the local community of the Board’s intent and disposition process; If no bona fide offer is received at the conclusion of the 180-day period, then Ministry and Board approval is required before proceeding to Phase 2 in the disposition process. This well established and prospering tutoring business continues to grow and build local momentum.
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