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| This Act is current to August 26, 2025 |
[Prepared for convenience by the Office of Legislative Counsel. Note: This Act has not been revised as part of the Revised Statutes 1996. References in this Act to other Acts may be references to earlier Revised Statutes or to Acts not consolidated in a general revision of statutes, depending on when the provision of this Act containing the reference was enacted or amended.]
Assented to May 16, 1984
| Contents | ||
|---|---|---|
| 1 | Disposition of False Creek property | |
| 2 | Effect of disposition | |
| 3 | No fees | |
| 4 | Consequential Amendment | |
| Schedule | ||
1 (1) At the written direction of the minister, British Columbia Hydro and Power Authority shall, for the sum of $10 million, paid to British Columbia Hydro and Power Authority by British Columbia Place Ltd.,
(a) dispose of the property listed in the Schedule as items 1, 2 and 3, to British Columbia Place Ltd., and
(b) dispose of the statutory right of way listed in the Schedule as item 4, to British Columbia Transit,
in the manner and on terms and conditions specified by the minister.
(2) A direction under this section is not valid with respect to the property listed in the Schedule as item 1 or 4 until British Columbia Hydro and Power Authority receives from the trustee for the holders of the first mortgage bonds issued by the British Columbia Electric Company Limited, the trustee's consent and authorization to the disposition of that property.
1984-23-1.
2 A disposition made under this Act is valid and shall be conclusively deemed to have been made in the best interests of British Columbia Hydro and Power Authority, and shall not constitute a breach of covenant, default or event of default in relation to those bonds, or under any trust deed, bond or other instrument affecting the property disposed of.
1984-23-2.
3 No fees are payable under the Land Title Act in respect of a registration of a disposition under this Act.
1984-23-3.
| Section(s) | Affected Act | |
| 4 | Hydro and Power Authority Act |
| Item No. | Description of Property |
| 1 | Land in the City of Vancouver described as: Lot "B", Block 1, District Lots 2037, 4670 and 4677, Plan 18463; |
| 2 | Land in the City of Vancouver described as: District Lot 4671, Plan 6107; |
| 3 | Land in the City of Vancouver described as: District Lot 2851. |
| 4 | Such statutory right of way over that part of that parcel of land in the City of Vancouver described as Lot 4, District Lot 2037, Plan 17093 as the minister considers necessary to accommodate the construction, operation and maintenance of the Advanced Light Rapid Transit system. |
1984-23-Sch.
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