HomeMy WebLinkAboutCC Resolution 15320 (San Rafael Public Library Foundation Donation for Constructing a New Library)RESOLUTION NO. 15320
RESOLUTION OF THE CITY OF SAN RAFAEL CITY COUNCIL ESTABLISHING A
SAN RAFAEL PUBLIC LIBRARY FOUNDATION DONATION ACCOUNT
WHEREAS, in June, 2024 the City of San Rafael received a generous donation of
$370,000 from the San Rafael Public Library Foundation; and
WHEREAS, the San Rafael Public Library Foundation was established in 2003, with a
mission of building a San Rafael Public library for the 21st century, furnishing and
maintaining it, and securing its future for generations to come; and
WHEREAS, the San Rafael Public Library Foundation made it’s donation upon the
conditions that (1) it may only be used for the purpose of constructing a new library in the
City and for no other purpose; (2) it must be placed into an account restricted solely to
use for the purposes stated herein; and (3) all of the funds donated must be placed in an
interest-bearing account.
NOW, THEREFORE BE IT RESOLVED, that the City Council hereby gratefully
acknowledges receipt of the San Rafael Public Library Foundation’s donation and
resolves that the $370,000 San Rafael Public Library Foundation donation be recorded
in the Library Fiduciary Fund, where it shall reside until which time the funds are expended
per the conditions established by the Foundation.
I, LINDSAY LARA, Clerk of the City of San Rafael, hereby certify that the foregoing
Resolution was duly and regularly introduced and adopted at a regular meeting of the City
Council of the City of San Rafael, held on Monday, the 15th day of July 2024, by the
following vote, to wit:
AYES: COUNCILMEMBERS: Bushey, Kertz & Llorens Gulati
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Hill & Llorens Gulati
Lindsay Lara, City Clerk