HomeMy WebLinkAboutCC Resolution 14230 (Target Contribution to Library Foundation)RESOLUTION NO. 14230
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL
ACKNOWLEDGING FULFILLMENT OF TARGET CORPORATION'S
COMMITMENT TO DONATE $250,000 TO THE SAN RAFAEL PUBLIC
LIBRARY FOUNDATION
WHEREAS, in 2012, in conjunction with the plans to build the Target store on Shoreline
Parkway in San Rafael, Target Corporation and Shoreline landowner Cal -Pox Inc. agreed to
designate $250,000 in an escrow fund to be donated in $25,000 increments every year for ten
years to the San Rafael Public Library Foundation for the purposes of building new and improved
library facilities in San Rafael; and
WHEREAS, the first four years ($100,000) of donations were received by the San Rafael
Publ i c Library Foundation; and
WHEREAS, Target Corporation has opted to close out this obligation with one final
lump sum payment of $150,000 to the San Rafael Public Library Foundation; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN RAFAEL
DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Upon receipt by the San Rafael Public Library Foundation of the proposed lump sum payment of
$150,000 from Target Corporation, the obligations of Target Corporation pursuant to Condition
No. 10 of Resolution No. 13143 and Section 5 of Resolution No. 13141, each of which were
adopted by the San Rafael City Council in connection with the development of the Target
property, will be satisfied in full.
I, ESTHER C. BEIRNE, Clerk of the City of San Rafael, hereby certify that the foregoing
Resolution was duly and regularly introduced and adopted at a rem lar meeting of the City
Council of said City held on Mondav, the 7th day of November, 2016 by the following vote, to
wit:
AYES:
COUNCILMEMBERS:
Bushey, Colin, McCullough & Mayor Phillips
NOES:
COUNCILMEMBERS:
None
ABSENT:
COUNCILMEMBERS:
Gamblin
ESTHER C. BEIRNE, City Clerk