HomeMy WebLinkAboutAgenda Report - September 5, 2007 E-06AGENDA rMM E:-'10
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COUNCIL COMMUNICATION
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AGENDA TITLE: Accept Anonymous Bequest to the Parks and Recreation Department of $156,000
for Lodi Lake and Playgrounds throughout the City
MEETING DATE: September 5,2007 City Council Meeting
PREPARED BY: Citv Anomevs Office
RECOMMENDEDACTION: Accept Bequest and direct that funds be restricted to use for Lodi Lake
and Playgrounds throughout the City.
BACKGROUND: The City of Lcdi received an anonymous initial distribution of a bequest
from an estate in the amount of $156,000 intended for the Parks and
Recreation Department to be used for Lcdi Lake and parks throughout
the City. The donor wished to remain anonymous. The bequest must be brought to Council for formal
acceptance and agreement to abide by the condition of the bequest. Accordingly, staff recommends that
Council accept the initial and any residual distributions from the bequest and direct that it be limited to
use for Lodi Lake and parks throughout the City.
FISCAL IMPACT $156,000 donation plus residual to Parks and Recreation.
FUNDING AVAILABLE Not applicable.
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APPROVED:
Blair King, %4jHPlanager