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C'o41po % CITY COUNCIL STAFF REPORT
DATE: NOVEMBER 5, 2014 NEW BUSINESS
SUBJECT: RECEIVE GIFT FOR LIBRARY TRUST FUND FROM KROPITZER
TRUST
FROM: David H. Ready, City Manager
BY: Director of Library Services
SUMMARY
F i beneficiary
The Palm Springs Public Libra Trust and s a benefc a of the Harold and Lorraine
Library rY
W. Kropitzer Joint Revocable Living Trust. The City Council will consider the adoption
of a Resolution accepting the gift for the Library Trust Fund.
RECOMMENDATION:
Adopt Resolution No. , "A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM SPRINGS, CALIFORNIA, ACCEPTING A GIFT FROM THE HAROLD AND
LORRAINE W. KROPITZER JOINT REVOCABLE LIVING TRUST FOR THE LIBRARY
TRUST FUND."
STAFF ANALYSIS:
The Palm Springs Public Library has received notification that the Library is a
beneficiary of the Harold and Lorraine W. Kropitzer Joint Revocable Living Trust. At the
passing of Harold Kropitzer in October 2013, the terms of the trust have gone into
effect. Once the estate is settled, beneficiaries will receive cash donations. The Palm
Springs Public Library Trust Fund gift is estimated to be over $100,000.00.
The following request has been made according to "Memorandum of dispositive
provisions of trust," Article 5, "Distributions after the surviving trustor's death:"
Section 5.2.7:
The remainder of the trust estate in equal shares to the following nonprofit
organizations:
ITEM NO.
City Council Staff Report
November 5, 2014 -- Page 2
Kropitzer Trust Gift to Library
Section 5.2.7.6:
Palm Springs Public Library Trust Fund, to be used by the Palm Springs Public
Library for the construction or setting aside of a quiet reading center for senior
patrons in the main library or, if this not feasible, for the purchase of nonfiction
adult books written in English.
The Palm Springs Public Library is able to meet the requirements of the gift and use the
funds as stipulated by the Kropitzer Trust. At their October 23, 2014 meeting, the
Library Board of Trustees unanimously accepted the gift.
FISCAL IMPACT:
No fiscal impact.
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es Thompson, Chief of Staff Jeannie Kays, Director of Li ary Services
Jam_,
David H. Ready nager a Futterer, Library Board of Trustees
Attachment:
Proposed Resolution
City Council Staff Report
November 5, 2014-- Page 2
Kropitzer Trust Gift to Library
Section 5.2.7.6:
Palm Springs Public Library Trust Fund, to be used by the Palm Springs Public
Library for the construction or setting aside of a quiet reading center for senior
patrons in the main library or, if this not feasible, for the purchase of nonfiction
adult books written in English.
The Palm Springs Public Library is able to meet the requirements of the gift and use the
funds as stipulated by the Kropitzer Trust. At their October 23, 2014 meeting, the
Library Board of Trustees unanimously accepted the gift.
FISCAL IMPACT:
No fiscal impact.
Ties Thompson, Chief of Staff Jeannie Kays, Director of Li ary Services
David H. Ready nager L� a Futterer, Library Board of Trustees
Attachment:
Proposed Resolution
02
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ACCEPTING A GIFT
FROM THE HAROLD AND LORRAINE W. KROPITZER
JOINT REVOCABLE LIVING TRUST FOR THE LIBRARY
TRUST FUND.
WHEREAS, the Palm Springs Public Library gives great benefit to the residents
and visitors of Palm Springs, California.
WHEREAS, the Library Trust Fund is available to provide additional resources to
the Palm Springs Public Library.
WHEREAS, the Harold and Lorraine W. Kropitzer Joint Revocable Living Trust
has designated the Palm Springs Public Library Trust Fund as a beneficiary of their
estate.
WHEREAS, the Harold and Lorraine W. Kropitzer Joint Revocable Living Trust
requests that the funds be used for the construction or setting aside of a quiet reading
center for senior patrons in the main library or, if this is not feasible, for the purchase of
nonfiction adult books written in English.
WHEREAS, the Palm Springs Public Library is able to provide either the
construction or setting aside of a quiet reading center for senior patrons in the main
library or, if this is not feasible, for the purchase of nonfiction adult books written in
English.
WHEREAS, the City of Palm Springs is appreciative to Harold and Lorraine W.
Kropitzer for their generous donation and receives this donation on behalf of the Palm
Springs Public Library Trust Fund.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. The gift to the Palm Springs Public Library Trust Fund by the
Harold and Lorraine W. Kropitzer Joint Revocable Living Trust is hereby approved.
SECTION 2. The City Manager is authorized to execute all documents related to
this Agreement.
ADOPTED THIS 5TH DAY OF NOVEMBER, 2014.
ATTEST:
David H. Ready, City Manager
James Thompson, City Clerk
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ACCEPTING A GIFT
FROM THE HAROLD AND LORRAINE W. KROPITZER
JOINT REVOCABLE LIVING TRUST FOR THE LIBRARY
TRUST FUND.
WHEREAS, the Palm Springs Public Library gives great benefit to the residents
and visitors of Palm Springs, California.
WHEREAS, the Library Trust Fund is available to provide additional resources to
the Palm Springs Public Library.
WHEREAS, the Harold and Lorraine W. Kropitzer Joint Revocable Living Trust
has designated the Palm Springs Public Library Trust Fund as a beneficiary of their
estate.
WHEREAS, the Harold and Lorraine W. Kropitzer Joint Revocable Living Trust
requests that the funds be used for the construction or setting aside of a quiet reading
center for senior patrons in the main library or, if this is not feasible, for the purchase of
nonfiction adult books written in English.
WHEREAS, the Palm Springs Public Library is able to provide either the
construction or setting aside of a quiet reading center for senior patrons in the main
library or, if this is not feasible, for the purchase of nonfiction adult books written in
English.
WHEREAS, the City of Palm Springs is appreciative to Harold and Lorraine W.
Kropitzer for their generous donation and receives this donation on behalf of the Palm
Springs Public Library Trust Fund.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. The gift to the Palm Springs Public Library Trust Fund by the
Harold and Lorraine W. Kropitzer Joint Revocable Living Trust is hereby approved.
SECTION 2. The City Manager is authorized to execute all documents related to
this Agreement.
ADOPTED THIS 5TH DAY OF NOVEMBER, 2014.
ATTEST:
David H. Ready, City Manager
James Thompson, City Clerk
03
Resolution No.
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
James Thompson, City Clerk
City of Palm Springs, California
Resolution No.
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. is a full, true and correct copy, and was duly adopted at a regular
PY Y p 9
meeting of the City Council of the City of Palm Springs on
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
James Thompson, City Clerk
City of Palm Springs, California
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