HomeMy WebLinkAbout1999-08-03; City Council; 15330; Acceptance of Donationfa zi E
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MTG. 08/03/99
DEPT. LIB
TO THE CARLSBAD CITY LIBRARY FROM BENJAMIN
SCHULMAN
RECOMMENDED ACTION:
Adopt Resolution No. 99-a6cj accepting the balance of the $250,000 pledge from
Benjamin Schulman and directing an appropriate letter of thanks.
ITEM EXPLANATION:
At the groundbreaking for the new library on January 14, 1998, Mr. Benjamin Schulman
announced his pledge of a donation of $250,000 as an endowment to support programs in
the auditorium of the new library. In recognition of his generous donation, the auditorium
will be named The Ruby G. Schulman Auditorium in memory of his late wife.
On January 5, 1999, Mr. Schulman made the initial installment of his generous pledge in
the amount of $100,000. Mr. Schulman is today making the final installment of that pledge,
which the City Council is accepting.
FISCAL IMPACT: There will be no impact on the General Fund. The donation will be
deposited in a library auditorium endowment fund and all interest earned will be
appropriated to support programs in the new library auditorium.
EXHIBITS:
1. Resolution No’ 99 - zbcI
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RESOLUTION NO. 99-269
A RESOLUTION OF THE CITY OF CARLSBAD, CALIFORNIA,
ACCEPTING A DONATION TO THE CARLSBAD CITY LIBRARY
FROM BENJAMIN SCHULMAN.
WHEREAS, Mr. Benjamin Schulman wishes to donate $150,000 to support
programs in the auditorium of the new library; and
WHEREAS, the City Council wishes to accept this gift to the Carlsbad City
Library;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad, California,
1. That the above recitations are true and correct.
2. That the City Council accepts the donation of $150,000 on behalf of all
citizens of the City of Carlsbad and hereby appropriates these funds to the library’s
auditorium endowment account.
3. That the City Council hereby authorizes the Finance Department to
appropriate all interest earned by the endowment to support programs in the new
library auditorium.
5. That the City Council authorized and directs the Mayor to send an
appropriate letter of thanks.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council of the City of Carlsbad, California, at a regular meeting held on the 3 rd day
of , 1999, by the following vote, to wit: August
AYES: Council Members Lewis, Nygaard, Finnila,Hall & Kulchin
NOES: None
ABSENT: None
ATTEST:
(SEAL) I Jti2zhAilL 1
ALETHA L. RAUTENKRANZ, City