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HomeMy WebLinkAboutItem 1e - Donation in the amount of $5,000 for the purchase of books for Arcadia City Library from The Seaver Endowment for Library Books DATE: December 19, 2017 TO: Honorable Mayor and City Council FROM: Darlene Bradley, Director of Library and Museum Services SUBJECT: DONATION IN THE AMOUNT OF $5,000 FROM THE SEAVER ENDOWMENT FOR PURCHASE OF BOOKS FOR THE ARCADIA PUBLIC LIBRARY Recommendation: Accept SUMMARY The Seaver Endowment wishes to donate $5,000 to the Arcadia Public Library specifically requesting that this donation be used for the purchase of books. Pursuant to City policy, any donation of over $1,000 shall be approved by the City Council. It is recommended that the City Council accept the donation. DISCUSSION The Seaver Endowment would like to make a $5,000 donation to the Arcadia Public Library specifically for the purchase of books. Although the Seaver family has made smaller donations to the Library in the past, this is the first donation that has been over $1,000. As such, it requires the approval of City Council to accept this very generous gift. Cash donations such as this help the Library and the City provide a higher level of new books for the citizens of Arcadia beyond the current capacity of the City’s General Fund. FISCAL IMPACT The Library has a finite Materials budget and generous cash donations such as this allow for an additional $5,000 of new materials to be purchased and enjoyed by the public. Donation of $5,000 from The Seaver Endowment December 19, 2017 Page 2 or 2 RECOMMENDATION It is recommended that the City Council accept a donation of $5,000 from The Seaver Endowment for the purchase of books for the Arcadia Public Library.