HomeMy WebLinkAboutResolution No. 2010-040 Creating a Revenue Fund and Accepting Donation on Behalf of the City of Edinaw�1N , "I RESOLUTION NO. 2010-40
CREATING A REVENUE FUND AND ACCEPTING
o DONATION ON BEHALF OF THE CITY OF EDINA
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City of Edina
WHEREAS, The Braemar Memorial Fund (the "Fund") was created in 1976 by Edina resident Babe
LeVoir. The mission of the Fund is to enhance the Braemar Golf Course ("Braemar") with equipment
and amenities that might not otherwise be affordable or viewed as necessities to the golf course; and
WHEREAS, the Council believes that the Fund is a valuable asset and benefit for the City and
Braemar and desires to perpetuate the Funds goals so as to continue to encourage Edina residents
and those persons who play golf at Braemar Golf Club to continue to make donations to the Fund;
and
WHEREAS, the Council believes that the best way to accomplish this is to create a separate,
dedicated special revenue fund.
NOW, THEREFORE, BE IT RESOLVED, that a special dedicated revenue fund named the Braemar
Memorial Fund is established to accept donations with the fund to be used only for improvements,
equipment and amenities for the Braemar Golf Club and the Fred Richards Golf Club; and
FURTHER RESOLVED, Before any disbursements are made from the Fund the Braemar Golf Club
General Manager's recommendation must be considered who will interface with the Braemar Golf
Association, and the Braemar Men's and Women's Clubs to obtain recommendations for the use of
said funds. All purchases by the Fund will follow normal City of Edina purchasing procedures. The
•City will provide an annual account to the Braemar Golf Association of the income and expenditures of
the Fund; and
WHEREAS, Minnesota Statutes Section 465.03 allows cities to accept grants and donations of real or
personal property for the benefit of its citizens; and
WHEREAS, said donations must be accepted via a resolution of the Cit Council adopted by a two-
thirds majority of its members.
NOW, THEREFORE, BE IT RESOLVED, that the Edina Cityu cil accepts with sincere
appreciation the donation of $312,561.64 from the Estate of Ruth R I ( allace) for The Braemar
Memorial Fund.
Dated this 18th day of May 2010. ;'
Attest: C.t it"a
Debra A. Mangen, City CI James B. Hovland, Mayor
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and foregoing Resolution
was duly adopted by the Edina City Council at its Regular Meeting of May 18, 2010, and as recorded in the Minutes of said Regular
• Meeting.
WITNESS my hand and seal of said City this day of 20_.
City Hall 912-92 -8861
4801 WEST 50TH STREET
FJA AY9&1046-0390
EDINA, MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379