263. The development corporation and every municipality in whose territory an immovable of the Corporation is situated may, with prior authorization of the Government, make an agreement on the terms and conditions of the transfer of the immovable to the municipality.
Where an immovable referred to in the first paragraph is situated in a park or complex contemplated in paragraph c or d of section 220 in which immovables owned by third parties are also situated, the agreement may also bear on the terms and conditions of the transfer to the municipality of any jurisdiction connected with the development and operation of the park or complex.
If the immovable to be transferred or if the park or complex whose development and operation is to come under the jurisdiction of the municipality is used for activities carried on by the Community or another municipality, in accordance with section 221 or 222, the latter must be a party to the agreement, which must provide the terms and conditions of the cessation of such activities.
Where the Corporation transfers, to the municipality, its jurisdiction with respect to the development and operation of a park in which immovables used for industrial, para-industrial or research purposes are situated, the immovables situated in the park which have been acquired, built, transformed, alienated or leased by the Corporation before the transfer of jurisdiction are, from that transfer and for the purposes of the Act respecting municipal industrial immovables (chapter I-0.1), deemed to have been acquired, built, transformed, alienated or leased by the municipality. The park shall thereupon become an industrial park of the municipality.
1969, c. 85, s. 312; 1990, c. 85, s. 107.