HomeMy WebLinkAboutMINUTES - 03011994 - S.2 TO: BOARD OF SUPERVISORS S.
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FROM:
Contra
Sunne Wright McPeak '`Costa
DATE% March 1, 1994 County
SUBJECT: Allocation of Interest from Rancho Paraiso Donation to the
North Concord Homeless Shelter
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Authorize the Auditor-Controller to allocate to the North Concord Homeless Shelter
$1,250 of interest frgm the Rancho Paraiso donation being held in trust.
FINANCIAL IMPACT:
None.
BACKGROUND.:, .
In 1989, the Rancho Paraiso project donated $100,000 to the county to be used
for homeless programs. The money was allocated as followed: August 10, 1989,
$50,000 to the Pittsburg .Family Center; February 12, 1990, $45,000 to the Social
Services Department to run the Winter Relief Shelter at the Walnut Creek Armory;
February 14, 1990, $5,000 to Shelter, Inc. During this time, the money accrued
$1 ,250 in interest which has been sitting in trust since 1990.
In recently providing an update to the Smith Companies (the developers),
Supervisor McPeak discovered the trust and advises the money be allocated to the
North Concord Homeless Shelter in accordance with the original desired use of the
donation.
CONTINUED.ON ATTACHMENT: YES SIGNATUREt
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S) �' t
ACTION OF BOARD ON fd ��. �� APPROVED AS RECOMMENDED _ OTHER
VOTE OF SUPERVISORS
UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORON THE DATE SHOWN.
CC: County Auditor-Controller ATTESTED
County Administrator Phll Batchelor,Clerk of the Board of
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M382/7-e3 , BY . DEPUTY