TITLE
Title
RECONVEYANCE OF 50% UNDIVIDED OWNERSHIP IN THE BRYAN PARK NORTH PROPERTY TO CITY OF GREENSBORO
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SPONSOR
Sponsor
Marty K. Lawing
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BACKGROUND
Background
On August 5, 1998 the Joseph M. Bryan Foundation gave approximately 534.43 acres of land to the City of Greensboro and Guilford County to be developed as a public park or maintain as open space. The property is referred to as Bryan Park North and no park development has occurred on the property by the city or county since taking ownership. On April 3, 2007 the city and county deeded 23.57 acres to Timothy and Sandra Troxler leaving 510.86 acres to be used for park and open space. On November 12, 2008 the City of Greensboro deeded its one-half interest by Special Warranty deed to Guilford County. The property consists of three parcels:
Parcel 128313 7770 Doggett Road 476.23 acres
Parcel 128250 7519 Doggett Road 21.6 acres
Parcel 128241 7219 Brown Summit Road 12.0 acres
A Master Plan for development of the Bryan Park North property was prepared, but no significant development has occurred primarily due to the lack of funding. The City of Greensboro has some potential funding for the development of the Bryan Park North property and has requested the reconveyance of 50% undivided ownership interest in the property in order to justify investing in park development.
In January 1999 the City and County entered into an agreement to outline the duties, responsibilities and obligations of both parties with respect to the development and maintenance of the property. A revised agreement between the City and County entitled the Bryan Park North Agreement includes the following provisions for the current uses of the property:
- Beginning July 1, 2020, all revenue realized from existing leases on the property and any operating expenses will be shared equally. (The County currently has two leases, one with the Greensboro Radio Aeromodelers Ass...
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