HomeMy WebLinkAboutReso 1997-18772 RESOLUTION NO. 18772
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA SUPPORTING THE ESTABLISHMENT OF A FRIENDS OF
THE CHULAVISTA LIBRARY DESIGNATED ENDOWMENT FUND
AT THE SAN DIEGO COMMUNITY FOUNDATION
WHEREAS, on August 14, 1997, the Umbrella Board of the Friends of the Chula Vista
Library approved the establishment of a Designated Endowment Fund with the San Diego
Community Foundation; and
WHEREAS, the Board also agreed to donate $15,000 to establish the fund to be called:
"The Friends of the Chula Vista Endowment Fund"; and
WHEREAS, in establishing the fund, the Friends will designate the Chula Vista Public
Library as the beneficiary and the dividends from this fund will be restricted for the acquisition
of materials (books, videos, periodicals, software, online information services, etc.); and
WHEREAS, these funds must be used to supplement rather than supplant the City's
General Fund support for materials. Finally, in establishing the fund, the Umbrella Board has
specified that the San Diego Community Foundation may not make any disbursements to the
Library prior to the year 2006 or until the fund accumulates $250,000; and
WHEREAS, it is recommended to support the creation of identified projects on which
to spend these funds and include this documentation in the Library's annual written goals and
objectives; and
WHEREAS, on August 27, 1997 the Library Board of Trustees voted to support the
Friends' creation of a Designated Endowment Fund with the San Diego Community
Foundation.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby support the establishment of a Friends of the Chula Vista Library Designated
Endowment Fund at the San Diego Community Foundation.
Presented by Approved as to form by
Library Director ~ity Attorney
Resolution 18772
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 9th day of September, 1997, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, Salas, and Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Shirley Hor~
ATTEST:
Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY QF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18772 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 9th day of September,
1997.
Executed this 9th day of September, 1997
~Authelet, City Clerk