We lease a portion of our museum complex from our City/County--a small (2,000 sf) jail building and the land on which it sits. In 1976, we added a wing to the jail, paid for by the museum, but built on City land. The museum owns all the rest of the land and buildings around it (a full City block). It is a 99 year lease for $1/year. Because of the nature of the building, and what surrounds it, and efforts to maintain good relationships with the City/County, we believe we will continue to be able to lease the property in this manner.
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[Shan] Rankin
Executive Director
Museum of South Texas History
Edinburg TX
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Original Message:
Sent: 08-16-2018 06:00 PM
From: Frances Winfrey
Subject: Does your Museum lease their land and/or buildings?
Hello all,
A potential legacy donor recently raised a concern that our museum does not own our land. We currently lease the land from the City for $1 per year. We do not receive any other funding from the city, operating as an independent nonprofit. I know that this is a pretty common practice, but would love some concrete research. Can anyone let me know where I may find this research? If research does not exist on this, maybe you can share a highlight of your museum and what your lease entails (I don't need the agreement, but maybe how long your lease is and any potential renewals of the lease?)
Thanks in advance!
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Frances Winfrey
Development Manager
Metal Museum
Memphis, TN
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