HomeMy WebLinkAboutResolutions - No. 2014-56RESOLUTION NO. 2014-56
A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING THE CITY MANAGER TO EXECUTE
AGREEMENTS WITH LODI COMMUNITY FOUNDATION
FOR PARKS AND RECREATION EXPENDABLE AND
ENDOWMENT FUNDS
WHEREAS, the increasing demand for park amenities and recreation programs,
coupled with rising operating and capital costs, make it a challenge for the Parks,
Recreation and Cultural Services Department to maintain current service levels; and
WHEREAS, the Department recognizes the need to find additional sources of
funds other than fees and tax revenue; and
WHEREAS, the Lodi Community Foundation provides a simple, low-cost
framework for the Department to generate public donations; and
WHEREAS, creation of a designated expendable fund through the Lodi
Community Foundation can serve to generate funds for specific community projects or
to supplement current programs and services; and
WHEREAS, creation of an endowment fund would eventually serve as a long-
term source of supplemental revenue for the Department; and
WHEREAS, the Lodi Parks and Recreation Commission serves as the City
Council's advisory board for parks and recreation matters, has $13,589.84 in an
undesignated trust account, and on April 1, 2014, voted unanimously (4-0) in favor of
creating Parks and Recreation expendable and endowment funds through the Lodi
Community Foundation and using the entire amount in its trust account, divided evenly
between the two funds as seed money.
THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi that:
• The City Manager execute the necessary agreements for a Parks and
Recreation designated expendable fund and a Parks and Recreation
endowment fund within the Lodi Community Foundation;
• The $13,589.84 in the Recreation Commission trust account be divided
equally between the two funds;
• The Recreation Commission serve as the advisory board for expenditure of
amounts up to the City Manager's signature authority;
• The City Manager, the Parks, Recreation and Cultural Services Director, the
Park Superintendent and Recreation Superintendent have authority to
request expendable fund monies, or endowment fund earnings, following
approval of the Recreation Commission for amounts up to the City Manager's
signature authority, or following approval of the City Council for amounts in
excess of that authority;
• The authorized representatives of the Save the Grape Bowl Fund
(expendable) and the All -Veterans Plaza Fund (endowment) be allowed to
move their existing Lodi Community Foundation funds as sub -funds within
the newly created Parks and Recreation expendable and endowment funds.
Dated: April 16, 2014
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I hereby certify that Resolution No. 2014-56 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held April 16, 2014, by the following vote:
AYES: COUNCIL MEMBERS — Hansen, Johnson, Mounce, Nakanishi,
and Mayor Katzakian
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
JOHL-OLSON
City Clerk
2014-56