In an enchanted moment at the Magic Kingdom, the former Reedy Creek Development board signed its power back to Disney before leaving office. And it’s legally binding.
For the past 50 years, the Reedy Creek Development District has allowed Disney to reign with essential autonomy.
But when Disney implemented mask and vaccine policies, and then dared to criticize Lord Farquaad of Florida’s Don’t Say Gay Bill, the Top Gov retaliated by taking over the board with five Republican lapdogs and renaming Reedy Creek the Central Florida Tourism Oversight District.
The new board was set to implement a sweeping financial and legal audit into Disney, but on their second official meeting it was announced they had discovered a magic trick hidden up the Mouse’s sleeve.
On February 8, nineteen days before Lord Farquaad signed the final bill on the deal, the former board had signed agreements with Disney essentially stripping the board of power and handing that power back to Disney.
Called a Declaration of Restrictive Covenants, the agreement allows Disney to have the final say on any alterations to the property and requires the board to inform Disney of plans for such alterations without conditions or delays.
It leaves the board stuck with the power to maintain basic infrastructure and roads, but nothing more.
The icing on the cake is a clause that uses the “Rule Against Perpetuities” — which states that a policy will continue until after a certain person dies.
In this agreement, the contract is legal and binding until 21 years following the death of “the last survivor of the descendants of King Charles III, King of England living as of the date of this Declaration.”
So until the death of Prince Harry and Meghan Markle’s children, or Prince William and Kate’s children, and the 21 years following, Lord Farquaad of Florida will have to keep his puddin’ fingers off Disney’s plans.