City Transferring Ownership of Library Building

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> facebook <https://www.facebook.com/pages/Allegan-District-Library/75692355114> | twitter <https://twitter.com/adllisten>
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Lindsey Dorfman