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HomeMy WebLinkAboutResolution - 2007-R0509 - Approve Transfer From Silent Wings Donation Fund-Silent Wings Museum Foundation - 10/25/2007Resolution No. 2007-RO509 October 25, 2007 Item No. 6.3 RESOLUTION WHEREAS, the City of Lubbock has received various donations in support of the Silent Wings Museum; and WHEREAS, the Silent Wings Museum Foundation, Inc. (the "Foundation") has been created by former glider pilots and their families and other interested parties to solicit donations and bequests in an effort to provide additional sources of revenue for the Museum; and WHEREAS, the Foundation desires to create a permanent endowment for the Silent Wings Museum, and WHEREAS, the City desires to transfer forty-six thousand dollars ($46,000.00) from the City's Silent Wings donation fund to the Foundation as seed money to start an endowment fund for the Silent Wings Museum; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the City Council of the City of Lubbock hereby approves the transfer of $46,000.00 from the Silent Wings donation fund to the Silent Wings Museum Foundation, Inc. to be used for an endowment fund in support of the Silent Wings Museum. Passed by the City Council this 25th day of October , 2007. DAVID A MILLER, MAYOR ATTEST: Garza, City Secretary APPROVED Scott Snider, Assistant City Manager Community Services APPROVED AS TO FORM: Linda L. Chamales, Senior Attorney Office Practice Section