HomeMy WebLinkAboutMINUTES - 01182005 - C56 Contra
TO: BOARD OF SUPERVISORS
FROM: Anne Cain County Librarian Q, _
Costa
DATE: January18, 2005 •� � _� '�'
- ~ . , County
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SUBJECT: Gift of $54,137.07 from the Charles 0. Nelson to the Contra Costa
County Library '
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Authorize the Contra Costa County Library Librarian to accept a gift from the Charles U. Nelson Trust in
the amount of $54,137.07, and to sign the Trust Agreement which provides for the use of the funds.
FINANCIAL IMPACT
Provides $54,137.07 to be used exclusively for the Pleasant Hill Library.
BACKGROUND
Charles 0. Nelson was a long-time resident of Walnut Creek, and a frequent patron of the Pleasant Hill
Library. His will provided for a donation of 10% of his estate to the Pleasant Hill Library. A partial
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distribution was made to the Contra Costa County Library in August of 2004 in the amount of $12,000,
and the second and final distribution in the amount of $42,137.07 will be made upon execution of the
agreement, for a total of $54,137.07. Staff will seek input from the Pleasant Hill community to
determine the best use of the trust funds. Until such time as the best use has been determined, the
County Auditor is asked to invest these funds in a trust account.
Pursuant to the letter received on December 29, 2004 from the Larry Lawton, Attorney and Counselor-
at-Law, the Charles 0. Nelson Trust Administrator, he will be distributing the final check in the amount
of $42,137.07 to the Contra Costa County Library upon approval by the Board of Supervisors and
signing of the Trust Agreement.
CONTINUED ON ATTACHMENT: 0 YES SIGNATURE:
E]�RECOMMENDATION OF COUNTY ADMINISTRATOR FIRECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BO Ile APPROVED AS RECOMMENDED OTAR
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VOTE OF SUPERVISORS:
I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF
UNANIMOUS{ABSENT Mone ) AN ACTION TAKEN AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN.
AYES: NOES:
ABSENT: ABSTAIN:
Al 11
Contact: Susan Caldwell,(925)646-6423 ATTESTED
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W N, ERK F HE D
OF
cc: County Library ERVISORS A COUNTY ADMINISTRATOR
County Administrator
County Auditor
By ,Deputy
Q:\BOS\TEMPLATE\REGULAR\nelson-trust.doc