[Michlib-l] City Transferring Ownership of Library Building

[Lindsey Dorfman]

Hello,

Our City Council has agreed to begin the process of transferring ownership
of the library building over to the District Library.  The only condition
is that the agreement contain a clause that would revert ownership back
over to the City for $1 should the library consider moving.

My questions:

Do any of you have similar agreements with your city's or local
municipalities?

Do any of you have an agreement that does not contain a revert clause -- if
so, how was this negotiated (did you purchase the building from your local
municipality for full market value..etc).

Thanks!


Lindsey Dorfman, MLIS.
Library Director
Allegan Library District
269-673-4625
alleganlibrary.org <http://www.alleganlibrary.org>
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