Title
A RESOLUTION AUTHORIZING CHEROKEE NATION TO LEASE TRIBAL TRUST LAND IN THE CHEROKEE NATION INDUSTRIAL PARK TO THE CHERRY TREE RURAL WATER DISTRICT, INC.
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WHEREAS, the Cherokee Nation since time immemorial has exercised the sovereign rights of self-government in behalf of the Cherokee people;
WHEREAS, the Cherokee Nation is a federally recognized Indian Nation with a historic and continual government to government relationship with the United States of America;
WHEREAS, the Cherry Tree Rural Water District wishes to lease a 2.42 acre tract for an Office and Shop to improve their sustainability and serve as a hub for operations and maintenance of the water district, which serves a predominantly Cherokee customer base. The lease will be for a term of twenty-five (25) years, with an option to renew for an additional twenty-five (25) years. The annual rent for the lease will be one hundred dollars ($100.00) per year. The tract of land is described as follows: The East 250 feet of the SE NE SW lying south of the Industrial Park road in Section 23, Township 15 North, Range 25 East, I.B.&M. Adair County Oklahoma, AKA the East 250 feet of Lot 5 of the Cherokee Nation Industrial Park, containing 2.42 acres more or less.
WHEREAS, Cherokee Nation Real Estate Services requests the Tribal Council to issue a waiver of said regulation requiring bonds on Cherokee Tribal Land Leases pursuant to regulations contained in 25 CFR ?162.434(f)(g). Cherokee Nation has determined that a waiver of performance bond or alternative form of security is in the best interest of the tribe, and;
WHEREAS, The Cherokee Nation requests a Waiver of Valuation and that the Negotiated Value be used pursuant to 25 CFR ?162.420(a).
1. Cherokee Nation has negotiated compensation satisfactory to the tribe.
2. Cherokee Nation waives valuation; and
3. Cherokee Nation has determined that accepting such negotiated compensation and waiving valuation is in the best interest of...
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