By terms of an agreement executed June 29, 2009, NPS and the National Center for the American Revolution [ARC] began due diligence to effect an exchange of an inholding within Valley Forge National Historical Park [VAFO] and certain surrounding land within Independence National Historical Park [INDE]. The INDE parcel is bounded by Third Street on the west, Chestnut Street on the North, Bodine Street on the east and, on the south, a severance line just north of the park's command center and chilled water plant. When ARC assumes title to this parcel, it will become an inholding within INDE.

During the project period, each party will conduct all forms of due diligence including but not limited to appraisals, title searches, surveys, environmental site assessments, public and congressional notifications, inspections, and natural and cultural resource surveys. NPS is committed to completing this exchange within one year, or by June 29, 2010, per the executed agreement and subject to satisfactory completion of all due diligence.

Upon satisfactory completion of due diligence and when the parties reach agreement on the equilization of the parcels' values, NPS will prepare a binding Exchange Agreement. Upon ARC's acceptance of the Exchange Agreement, NPS will prepare a quitclaim deed from the United States to ARC for the INDE parcel, and a Special Warranty deed from the ARC to the United States for the inholding in VAFO (tract No. 101-60). NPS will also prepare closing documents and submit them to ARC for review.


The National Park Service would like to hear the public's questions and comments regarding this undertaking.