Title
A RESOLUTION AUTHORIZING CHEROKEE NATION TO LEASE 190 ACRES OF USA IN TRUST LAND TO RGB REALTY LIMITED D/B/A HUNT MILL HOLLOW RANCH, LLC
Body
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 Cherokee Nation has set aside 190 acres of Trust lands in Adair County to be leased to RGB Realty Limited d/b/a Hunt Mill Hollow Ranch, LLC for business purposes, Cherokee Nation is leasing the property to clear up an ongoing trespass with RGB Realty Limited d/b/a Hunt Mill Hollow Ranch, LLC;
WHEREAS, the terms for the lease are as follows: a twenty-five (25) year lease beginning on the date of approval by the Bureau of Indian Affairs; Cherokee Nation will receive 145.10 acres of land in fee simple title for payment of said lease. An additional one time lump sum payment in the amount of $5,700.00 will be paid by RGB Realty Limited d/b/a Hunt Mill Hollow Ranch, LLC for trespass damages to cover the years of 2014, 2015 & 2016;
WHEREAS, Cherokee Nation Real Estate Services requests that the appraisal and bond be waived according to regulations pursuant to 25 CFR 162 and by tribal council resolution;
WHEREAS, the Cherokee Nation requests a Waiver of Valuation pursuant to Title 25 CFR § 162.420(a). Cherokee Nation has determined that:
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 the tribe.
WHEREAS, the Cherokee Nation requests Waiver of Bond pursuant to Title 25 CFR § 162.43(g). Cherokee Nation has determined that a waiver of performance bond or alternative form of security is in the best in...
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