GREENSBORO, N.C. – In an effort to boost transparency, the city of Greensboro has created a Web page that lists public records showing the city's loan agreement with the International Civil Rights Center and Museum (ICRCM).
The page includes the agreement signed by city management and ICRCM leaders, a review of ICRCM's 2010 and 2011 audits (which they needed to provide in order to receive the first installment of the loan), and city emails – among other documents.
Last year, the city agreed to loan $1.5 million to ICRCM. That loan would be released to the museum in three payments, with actions required by ICRCM to receive each installment. So far, the city has only issued $750,000 of the loan.
After missing multiple deadlines and an oversight in signing the agreement, the city began questioning the loan.
On Monday, ICRCM board chairman George Clopton stepped down from his position. A spokesperson said it is because Clopton is too busy with his full-time job as an executive at Ralph Lauren. Clopton remains on the board. Deena Hayes, a current board member, has taken his place.
Greensboro City Council will discuss the museum's sustainability plan and loan agreement Tuesday afternoon.