Hi, back in 1968, my grandfather donated about 22 acres of land that he owned, to the Town that he lived in. As part of the Deed to the land, my grandfather specifically stated that this land was not to be developed at all--it was to be kept as woodlands, that the public could go to, to enjoy nature, have a picnic, etc.
Now, 34 years later, some people that own land around this land, and who are wealthy, want to build a golf course, and they need this land to do it. So they've petitioned the Town to do a land swap. However, the donated land has a value of 2.1 million dollars, and the 108 acres that are to be swapped, have a value of $500,000 because it is swampland, that is non-developable.
Doesn't this activity violate the terms of the Deed, and, if so, what can be done about it? Does this void the agreement, and the land reverts back to the family?
Please reply. Thanks very much.
Steve
Now, 34 years later, some people that own land around this land, and who are wealthy, want to build a golf course, and they need this land to do it. So they've petitioned the Town to do a land swap. However, the donated land has a value of 2.1 million dollars, and the 108 acres that are to be swapped, have a value of $500,000 because it is swampland, that is non-developable.
Doesn't this activity violate the terms of the Deed, and, if so, what can be done about it? Does this void the agreement, and the land reverts back to the family?
Please reply. Thanks very much.
Steve
