(1) The Market Committee may subject to these rules and the general or special orders of the State Government offer for allotment of sites, shops, godowns or shop-cum-godowns in the market yard on lease-cum-sale basis.
(2) Due publicity shall be given in respect of such allotment specifying the location, number of sites, godowns, shop-cumgodowns, if any, last date for submission of application and such other particulars by affixing a notice to the notice board of the office of the market committee and by publication in not less than two Kannada newspapers widely circulated in the market area.
(3) Whenever the Market Committee calls for applications in respect of allotment of sites, godowns, shops or shop-cumgodowns on lease-cum-sale basis, any licensed market functionary who is registered under rule 6 may apply to the market committee in Form III along with any initial deposit which shall not be less than twenty five percent Of the value of the site, godown, shop or shop-cum-godown as the case may be.
(4) If any applicant registered with the market committee fails to get the allotment of a site, godown, shop or shop-cum-godown on lease-cum-sale basis, the registration so made shall be valid for the subsequent allotments also unless the applicant withdraws the registration by surrendering registration certificate.
(5) The market committee having regard to the provisions of rules 4,5,7 and 8 may allot a site, shop, godown or shop-cum godown on lease-cum-sale basis.
4. Determination of value of site etc.,
(1) The Market Committee shall get a valuation certificate of the site, shop, godown or shop-cum-godown to be allotted on lease-cumsale basis from the concerned Assistant Executive Engineer (Market Development Project) of the Department who shall give certificate having regard to the provisions of sub-rule (2). The Market Committee for valid reasons to be recorded in writing may enhance the value so fixed by the Assistant Executive Engineer.
The value so fixed by the Assistant Executive Engineer or enhanced by the Market Committee shall be subject to the approval of the Director, Agricultural Marketing who may give approval with such modifications after recording reasons.
(2) While determining the value of the site, shop, godown or shopcum-godown to be allotted on lease-cum-sale basis, the following factors shall be considered:-
(i) The amount spent on acquisition of land including higher compensation paid and interest at the rate of five percent per annum from the date of acquisition;
(ii) The amount spent on providing basic infrastructure facilities in the market yard like roads, drains, culverts, electrification, water supply, compound wall / fencing, auction platform, bank, post office building, Shramik Bhavan, Raitha Bhavan, Samudaya Bhavan, office building, guest house, drying platform, check post, weigh bridge, veterinary hospital, canteen building etc. and: interest on such amount calculated at the rate of five percent per annum from the year of expenditure.
(iii) In case of shop, shop-cum-godown or godown, the cost of construction of the shop, shop-cum-godown or godown shall also be included in addition to the amount mentioned in the above clauses.
(iv) Depreciation of the building shall be calculated as per the Public Works Department Code.