Title
Resolution Authorizing the Acceptance of a Gift of Real Property Located at 4205 Victoria Boulevard (LRSN 2001735) Currently Assessed at $933,500 and the Execution of a Reimbursement Agreement between the City of Hampton, Virginia, the Charles H. Taylor Memorial Library Trust, and Carney Patterson Meade PLC regarding Trust Dissolution and Property Transfer Costs
Purpose
PURPOSE/BACKGROUND:
A 1925 deed established the Charles H. Taylor Memorial Library Trust (the “Trust”) and conveyed 4205 Victoria Boulevard, Hampton, Virginia 23669, identified as LRSN 2001735 (the “Property”) from A.F. Amory and Annie B. Amory to the Trust. Since 1987, the Trust has leased the Property to the City for use a library and facility for the arts, including a museum and gallery, and for education, historical, and archaeological programs and studies.
On February 26, 2026, the Board of Trustees of the Trust unanimously voted to dissolve the Trust and discussed a desire to donate the Property to the City, so that the Property may continue to be used for the use and benefit of the residents of Hampton. Pursuant to Section 2-134 of the City Code of the City of Hampton, City Council approval is a prerequisite to acceptance of certain gifts to the City. Section 2-134(a) states that gifts of real property and tangible property valued at five thousand dollars ($5,000.00) or more shall be "approved by the council, by appropriate motion duly recorded in the council minutes, before such gift shall be deemed to have been accepted by the city." The FY 2027 assessed value of the Property is $933,500 - the land is assessed at $46,500 and the improvements are assessed at $887,000.
To effectuate the dissolution of the Trust and the transfer of the Property to the City, the Trust must petition the Hampton Circuit Court for approval. This process includes filing fees, publication costs, and other mandatory administrative fees and expenses incidental to the transfer of the Property, such as ...
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