Introduction
The Board of Governors has delegated some responsibility for the approval of property transactions to the National Property Committee.
Property Transactions
Property Transactions | Authority | ||||
Recommend | Approve | ||||
Property Society | National Property Committee | National Property Committee | Board of Governors | ||
Transaction Type | Scope | ||||
PROPERTY PURCHASE/ BEQUEST / GRANT / GIFT | ALL | • | • | • | |
BEQUEST / GRANT / GIFT REFUSAL | UNDER $100,OOO Annual Cash Flow below 3% | • | • | ||
OVER $100,000 | • | • | • | ||
MINOR MISC. TRANSACTIONS | UNDER $10,000 | • | • | ||
SALE OR DISPOSITION OF PROPERTY | UNDER $250,000 Annual Cash Flow below 3% | • | • | ||
OVER $250,OOO | • | • | • | ||
LEASE, RENTAL, PARTNERSHIP RENEWAL | UNDER $25,000/5 YEARS Less than 10% Council’s Annual Operating Budget | • | • | ||
OVER $25,000/5 YEARS | • | • | • | ||
LEASE, RENTAL, PARTNERSHIP TERMINATION | CASH FLOW UNDER 3% | • | • | ||
EASEMENT / RIGHT-OF-WAY | UNDER $25,000 | • | • | ||
OVER $25,000 | • | • | • | ||
EXPROPRIATION | UNDER $25,000 | • | • | ||
OVER $25,000 | • | • | • | ||
IMPROVEMENTS TO BUILDINGS, SERVICES, INFRASTRUCTURE | UNDER $100,000 Annual Cash Flow Over 3% Less than 10% Council’s Operating Budget | • | • | ||
OVER $100,000 | • | • | • | ||
REVENUE GENERATION | ALL | • | • | • |