ОПШТИНА ПЕЋИНЦИ MUNICIPALITY OF PECINCI Слободана Бајића 5, 22410 Пећинци 022/400-700, 022/400-792 opstina@pecinci.org Procedure for lease or sale the municipal land (state owned land) 1. Letter of intention from potential investor has to be sent to the Supevisory Board of the Directorate for Development of Pecinci Municipality. In the letter of intention investor lists information about the name and domicile of company, activities of the company and details about investment project such as: amount of investment, industry sector, how many people will be employed, size of the surface that is necessary, etc. Although investor typically seeks information from the municipality of infrastructure equipment for construction sites such as: (roads, electricity, gas, sewer, IT network). 2. Supervisory Board of the Directorate for Development of Pecinci Municipality decides and announce Public invitation for giving the municipal land for sale or rent maximum of 40 years (announced in daily newspapers that cover whole territory of Serbia). In announcement there are all details about land plot, with size of surface, opening price, scheduled date for bidding. It is also defined payment of deposit of 10% of the price (price per m2 x size of land plot). Opening price determinates Supervisory Board of the Directorate for Development of Pecinci Municipality, depending on the market value of the location, the zone in which it is located, position, infrastructure equipment etc. 3. After closing the public biding, on the next session of the Supervisory Board of the Directorate for Development of Pecinci Municipality and local Assembly session it will be confirmed decision of giving land (lease or sale) to the buyer who bides the highest price. 4. The next step is signing the Contract with the municipality (Contract prepares Municipal Property Rights Office). ОПШТИНА ПЕЋИНЦИ MUNICIPALITY OF PECINCI Слободана Бајића 5, 22410 Пећинци 022/400-700, 022/400-792 opstina@pecinci.org 5. Final payment for the land has to be paid in 15 days after signing the Contract (reduced for the amount of deposit). 6. Fee for infrastructure development of the construction land should be paid prior to obtaining a building permit, in accordance with the Decision of the local assembly of fees for infrastructure development of the construction land (depending on the purpose, the zone in which the parcel is located, utility infrastructure). The amount of compensation, the period in which the investor is required to pay, a percentage of the discount etc. is determined by the contract concluded between the Directorate for Development of Pecinci Municipality and the investor.