Ngati Haua Deed of Settlement - Terabyte Interactive

NGĀTI HAUĀ DEED OF SETTLEMENT7: FINANCIAL AND COMMERCIAL REDRESSTAWHARA KAI ATUA7.5 The Crown acknowledges -7.5.1 the Ngāti Hauā tikanga of Tawhara Kai Atua; and7.5.2 Tawhara Kai Atua is a “first fruits policy” -(a)(b)under which the first fruit of this settlement will be to honour theKīngitanga; andtherefore, a payment will be made to the Kīngitanga before Ngāti Hauāotherwise uses any money paid under this settlement.COMMERCIAL REDRESS PROPERTIES7.6 The commercial redress properties are -7.6.1 Firth Primary School and Matamata Intermediate School shared site; and7.6.2 Morrinsville College site; and7.6.3 Morrinsville Court House site.7.7 Each commercial redress property is to be -7.7.1 transferred by the Crown to the trustees on the settlement date -(a)(b)(c)as part of the redress to settle the non-raupatu historical claims; andwithout any other consideration to be paid or provided by the trustees orany other person; andon the terms of transfer provided in part 10 of the property redressschedule; and7.7.2 as described, and is to have the transfer value provided, in subpart A of part 4of the property redress schedule.7.8 The transfer of each commercial redress property will be subject to, and whereapplicable with the benefit of, the encumbrances provided in the property redressschedule in relation to that property.7.9 Each of the commercial redress properties is to be leased back to the Crown,immediately after its transfer to the trustees, on the terms and conditions provided bythe lease for that property in part 10 of the documents schedule (being a registrableground lease for the property, ownership of the improvements remaining unaffected bythe purchase).MORRINSVILLE COLLEGE SITE7.10 Clause 7.11 applies in respect of a School House site if, within four months after thedate of this deed, the board of trustees of the related school (the board of trustees)relinquishes the beneficial interest it has in the School House site.60