HomeMy WebLinkAboutVIII-14 Doffing Trust Disbursement for Library Reading Program
City Council Memorandum
To: Mayor Fasbender & City Councilmembers
From: City Administrator Dan Wietecha
Date: May 15, 2023
Item: Doffing Trust Disbursement for Library Reading Program
Council Action Requested:
Approve Friends of Pleasant Hill Library request for $2,000 disbursement for reading program.
Background Information:
In 1990, Ruth Doffing executed a Charitable Remainder Unitrust establishing the City of
Hastings as recipient of certain funds following Ms. Doffing’s estate upon her death. This would
include land acquisition for a public library. In 1994 a new library was built and incorporated as
a branch in the Dakota County Library System. Also in 1994, Ms. Doffing amended her intent
for the Unitrust that the funds be used “to purchase things for the library that are not in their
normal budget. It may be possible to keep the money invested and use the annual income for
these purchases. The decision as to what should be purchased could be made by the Executive
Board of the Friends of the Pleasant Hill Library.”
Following Ms. Doffing’s death, the City received $85,535.35 in accordance with the 1990
Unitrust. In 2008 the City adopted a set of Guidelines for requests and use of the funds, including
that the “Friends of Pleasant Hill Library must submit the request and include recommendations
for approval.” The fund has a balance of $90,161 through December 31, 2022.
The Friends of the Library has submitted a recommendation for a $2,000 disbursement for the
library’s Summer Discovery reading program, an eligible expense under the Guidelines.
Financial Impact:
$2,000 from Doffing Trust
Committee Discussion:
Not applicable
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Attachments:
• 5/9/2023 Recommendation from Friends of Pleasant Hill Library
• 5/8/2023 Request from Dakota County Library System / Pleasant Hill Library
• 10/16/2008 Doffing Fund Expenditure Guidelines
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