TO: Mayor and Members of City Council
THRU: Douglas J. Hewett ICMA-CM, City Manager
FROM: Adam J. Lindsay, Assistant City Manager
DATE: December 9, 2024
RE:
Title
NC History Center on the Civil War, Emancipation & Reconstruction Deed Reversion Amendment
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
City Investment in Today and Tomorrow
Desirable Place to Live, Work & Recreate
Executive Summary:
Before taking full control of the property for the history center, the State requests that the reversion clause that the City and Foundation agreed to in 2018 be rescinded in accordance to their policies and practices.
Background:
In November 2022, City and Foundation signed an MOU for funding support for this project. Partners, including the State of North Carolina, committed over $85 million towards this project. Previous to that action, the City conveyed land that is counted towards an in-kind donation towards that funding commitment. In the end, the State of North Carolina will own and operate this center and as a result will need to own all of the land, some of which they already own and some of which was already conveyed to the Foundation by the City. At that time, the City included a reversionary clause in our conveyance of City owned property wanting to ensure that the property was used as intended. Those concerns have been addressed as they had agreed.
Specifically, City conveyed seventeen tracts of land (the "Property") to North Carolina Civil War & Reconstruction History Center Foundation (now known as NC History Center on the Civil War, Emancipation & Reconstruction Foundation) (the "Foundation") by Special Warranty Deed recorded in Book 10337, Page 381, Cumberland County Registry (the "Deed") for the construction of the NC Civil War, Emancipation and Reconstruction History Center (the "Center"). The Deed contained the following reversionary clause ("Reversionary Clause"):
"Be it understood, how...
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