HomeMy WebLinkAboutReso 1997-18773 RESOLUTION NO. 18773
RESOLUTION OF THE CITY COUNCIL QF THE CITY OF CHULA
VISTA AUTHORIZING THE TRANSFER OF $15,000 FROM THE
LIBRARY DE)NATIONS ACCOUNTS AND THE DEPOSIT OF
FUTURE UNDESIGNATED GIFTS OVER $499 INTO THE
DESIGNATED ENDOWMENT FUND
WHEREAS, since the Friends of the Library will establish the Designated Endowment
Fund with the San Diego Community Foundation, there is no cost to the City; and
WHEREAS, the Friends have voted to donate $15,000 towards the establishment of
the Designated Endowment Fund and will also make future gifts to the fund; and
WHEREAS, in an effort to help grow the endowment, it is recommended that $15,000
in unappropriated gift money currently in the Library Donation Accounts be transferred to the
Designated Endowment Fund and that future undesignated gifts to the Chula Vista Public
Library (over $499) be automatically deposited into the DEF.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby authorize the transfer of $15,000 from the Library Donations Accounts and the deposit
of future undesignated gifts over $499 into the Designated Endowment Fund.
Presented by Approved as to form by
/croh M. Kaheny
Library Director . ./ ' ney
Resolution 18773
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
S hirl~eyHo~rtn', ~MayoJ~r
ATTEST:
BevY. ~:uthelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18773 was duly passed, approvecl, 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
~AL;thelet, City CI;rk