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HomeMy WebLinkAbout20081020 - VIII-C-03VIII-C-3 MEMORANDUM TO: Honorable Mayor and City Councilmembers FROM: Dave Osberg, City Administrator DATE: October 16, 2008 SUBJECT: Doffing Funds Expenditure Guidelines RECOMMENDED CITY COUNCIL ACTION It is the recommendation of the Finance Committee that the full City Council take action adopting the following guidelines for future consideration as future requests are made by the Friends of the Pleasant Hill Library for usage of the Doffing Estate funds. BACKGROUND At its meeting on Monday October 6, 2008 the Finance Committee discussed the creation of certain guidelines to consider as future request are made by the Friends of the Pleasant Hill Library for usage of the Doffing Estate funds. The following guidelines were suggested by the Finance Committee: a.) Historical collections and other items specific to Hastings b.) Reading programs, books and computers c.) Use to purchase items for the Library that are not in the normal budget d.) Items/equipment purchased cannot be used at other sites. e.) Friends of the Pleasant Hill Library must submit the request and include recommendations for approval. f.) Attempt to use the annual income for these purchases, based upon investment earnings of the principal. As future requests are received from the Friends of the Pleasant Hill Library and Dakota County, these guidelines will be used by the City Council to determine the - - -- -o City Administrator appropriateness of the request.