Note 1
CONFIDENTIAL
2
機密
(a) Assignments from C.T.I. of easements created
under the Ordinance over private land; the value shall be the cost of acquiring the easement and assigning it to the Corporation (see Notes).
(e)
Grants of easements over/under Crown land; the value shall be :
(i)
(ii)
In the case of saleable land, the amount by which its value (assuming maximum economic development of the site) is reduced by reason of the grant of the easement;
in the case of sites planned for Government, institutional or community purposes, the estimated amount by which development expenditure is increased by reason of the grant of the easement;
(iii) in the case of public roads, open
space, the cost of making the land available for works (e.g. streets alteration compensation payments, reimbursements to the Urban Council, etc.) and any re-instatement costs including standard overheads.
(f) Temporary grants of Crown land :
(i) In the case of saleable land or lettable
land, the value of the land shall be the value of a short term tenancy for open storage or like purposes, or the cost of making the site available to the Corporation (e.g. clearance costs etc.) whichever is the higher;
(ii) in the case of land previously in use
for public open space, roads or pavement, the value shall be the cost of making the site available (e.g. streets alteration compensation, additional works elsewhere, or reprovisioning
costs incurred by the Urban Council).
.
Where the value is expressed as the cost of making the site/share/easement available, it shall include, in addition to direct costs, a certain percentage of direct costs as overheads to cover administrative and profess- ional work involved including any re-planning necessitated or previous work aborted by the grant.
Note2
Valuations are to be made as at the date of grant.
CONFIDENTIAL #2
機密