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HomeMy WebLinkAbout1991-05-20; City Council; 591-4; Acceptance of Donations for annual triathlonPARKS & RECREATION COMMISSION - AGENDA BILL DEPT. TITLE: ACCEPTANCE OF DONATIONS FOR ANNUAL TRIATHLON (ACTION) RECOMMENDED ACTION: Receive donations from the Herrick Corporation representing the Capitol Bank of Carlsbad and the Fieldstone Company totalling five thousand dollars ($5,000). Recommend acceptance by the City Council. ITEM EXPLANATION; The Special Events Department has received a twenty-five hundred dollar ($2,500) donation from the Herrick Corporation in support of the annual Triathlon. The Triathlon attracts approximately 1,200 participants from all over Southern California. The money will be used to pay for awards and offset expenses for race programs and advertising. The Special Events Department additionally received another generous donation in the amount of twenty-five hundred dollars ($2,500) from the Fieldstone Company. This money will be used to help pay for awards, race programs, and advertising costs. The Department recommends acceptance of these donations totalling five thousand dollars ($5,000). Letters of appreciation will be sent on behalf of the Parks and Recreation Department. FISCAL IMPACT; Funds in the amount of $5,000 will be deposited into the Triathlon trust account. 16