What does a Memorandum of Understanding mean for La Gonave?
So what does a Memorandum of Understanding mean for La Gonave and how does it impact the community? Well a Memorandum of Understanding, or MOU is an agreement of two or more groups, entities, people, etc where they make serious requests and propositions with each other. It isn't a legally binding contract, but an agreement. So this means that La Gonave and Hurko, would enter into an agreement where land on La Gonave would either be purchased, loaned, or leased, in exchange for improvements and/or development. The agreement wouldn't cost Anse-a-Galets money, nor would taxpayers be involved. It would use land that could be for profit making by Hurko. The agreement wouldn't allow Hurko to sell the property to another party, but it would allow another party to own any property that Hurko has on the land, and to take over any lease. If the land is leased to Hurko, it would probably be at no expense to the company, in exchange for investment into the community....