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HomeMy WebLinkAboutAgenda Report - July 3, 2002 D-03cITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Lodi Area All Veterans Plaza Donation and Quarterly Payment MEETING DATE: July 3, 2002 PREPARED BY: Community Promotions Coordinator RECOMMENDED ACTION: Accept the donation of improvements to the Lodi Area All Veterans Plaza, and the second loan payment. BACKGROUND INFORMATION: The Lodi Area Veterans Plaza Foundation would like to donate the improvements placed on city property now known as the Lodi Area All Veterans Plaza. The Lodi Area All Veterans Plaza began construction on November 11, 2001. Construction of the Plaza was complete May 22, 2002. The Foundation received a $450,000.00 loan from the City of Lodi to construct the Plaza. The Foundation has committed to making quarterly payments of $10,000.00 back to the City until the loan is repaid. The Plaza, which is adjacent to Lodi City Hall, is located in a high visibility area and is comprised of several facets including a 21.5 foot stainless-steel obelisk, a seven- foot granite sphere, an eternal flame and a pool outlined by blue cobalt tile all dramatically under lit. The obelisk honors courage; the sphere represents unity and global service; the flame represents valor and sacrifice; and the water represents healing. The Plaza is a lasting tribute to all Veterans, past, present and future, of all branches of the United States military. In addition, the Foundation would like to present the City with their second installment in the amount of $10,000.00 toward the $450,000.00 loan to the foundation. All funds have been the result of fund development by the Foundation. Funding: None Thank you, . ,, Ay hia Lyn . Hae �j`=�V Community Promotions Coordinator APPROVED: H. Dixon Flynn -- City Manager VetsWallgivingtoCitycouncom.doc 06I26/02�