HomeMy WebLinkAboutMINUTES - 04242001 - C.180 TO: BOARD OF SUPERVISORS AA _sE L- � Contra
FROM: Anne Cain, County Librarian o; ;,;;;,,►. . _ `s Costa
DATE: April 4, 2001 °°STA `� , County
SUBJECT: Gift of$100,000 from the Edgar O. and Edith M. May Trusfto the Contra Costa
County Library
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
i
RECOMMENDATION
Authorize the Contra Costa County Library Librarian to accept a gift from the Edd r O. and Edith M.
May Trust in the amount of$100,000 to the Contra Costa County Library.
FINANCIAL IMPACT
Provides $100,000 to be used exclusively for the Orinda and Pleasant Hill libraries,.
BACKGROUND
The Mays were long-time residents of the City of Orinda. They provided for donations of $50,000 each
to the Orinda and Pleasant Hill Libraries in their Family Trust documents, to be used exclusively for the
two libraries. Staff will be working with each of the communities to determine the best use of the trust
funds. Until such time as the best use has been determined, the County Auditor will be asked to invest
these funds in a trust account.
Pursuant to a letter dated March 16, 2001, from Goldman and Associates, the Edgar O. and Edith M.
May Trust administrator will be distributing a gift of $100,000 to the Contra Costa County Library in
accordance with instructions contained in the second amendment and restatement of the May Family
Trust dated September 26, 1979.
CONTINUED ON ATTACHMENT: 11 YES SIGNATURE: O_Xili.Q.
[jj�ECOMMENDATION OF COUNTY ADMINISTRATOR FIRECOMMENDATION OF BOARD COMMITTEE
a APPROVE F_] OTHER
SIGNATURE(S):
ACTION OF BOD N April 24, 2001 APPROVED AS RECOMMENDED x® OTHER
VOTE OF SUPERVISORS:
I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF
XX UNANIMOUS(ABSENT IV ) AN ACTION TAKEN AND ENTERED ON THE MINUTES OF THE
AYES: NOES: BOARD OF SUPERVISORS ON THE DATE SHOWN.
ABSENT: ABSTAIN:
Contact: Susan Caldwell,(925)646-6423 ATTESTED April 24, 2001
JOHN SWEETEN,CLERK OF THE BOARD OF
cc: County Library SUPERVISORS A D UNTY ADMINISTRATOR
County Administrator
County Auditor
B ,Deputy
O:\BOS\TEMPLATE\REGULAR\may-trust.doc