HomeMy WebLinkAbout25G - DONATIONS & ESTABLISH GRANTS PARKS FUND
REQUEST FOR
COUNCIL ACTION
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CITY COUNCIL MEETING DATE:
CLERK OF COUNCIL USE ONLY:
SEPTEMBER 19, 2005
TITLE:
APPROVED
o As Recommended
o As Amended
o Ordinance on 1 sl Reading
o Ordinance on 2nd Reading
o Implementing Resolution
o Set Public Hearing For
AGREEMENT WITH THE ORANGE
COUNTY COMMUNITY FOUNDATION
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CITY MANAGER
CONTINUED TO
FILE NUMBER
RECOMMENDED ACTION
Direct the Ci ty Attorney to prepare and authorize the City Manager and
Clerk of the Council to execute an agreement wi th the Orange County
Community Foundation to administer donations and establish the Grants for
Parks Fund.
DISCUSSION
The Orange County Community Foundation (OCCF) was established in 1989 for
the purpose of administering donations received and distributing grants to
meet the needs of the Orange County community. Staff recommends entering
into an agreement with OCCF to establish Grants for Parks as a non-endowed.
Agency Fund, which will allow charitable foundations who are not able to
make gifts to local government the option of donating their gifts directly
to OCCF, a non-profit organization incorporated under Section 501(c) (3) of
the Internal Revenue Code of Community Foundations. OCCF' s fee for
operating this program will be two percent of the fund balance, which will
retained from the donations. Funds received by the OCCF will be
distributed to the Parks, Recreation and Communi ty Services Agency to
benefit parks and recreation programs or projects.
FISCAL IMPACT
There is no fiscal
act associated with this action.
Gerardo Mou t,
Executive Director
Parks, Recreation,
Community Services
and
Agency
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