HomeMy WebLinkAbout72-07 •
RESOLUTION NO. 72-07
RESOLUTION OF THE CITY COUNCIL OF THE
TOWN OF LOS ALTOS HILLS
ESTABLISHING PRIORITIES TO BE CONSIDERED
FOR EXPENDITURES OF DONATED FUNDS RECEIVED FROM THE TOWN-
SPONSORED FRIENDS OF WESTWIND BARN'S HOEDOWN AUCTION
WHEREAS, the Friends of Westwind Barn have organized a fundraising auction to be
held at their"Hoedown" event; and
WHEREAS, the City Council, at its August 7, 2007 special meeting, approved Town
sponsorship of the auction event with the proceeds of the auction ("Auction Funds") recorded as
a charitable donation to the Town and restricted to the Westwind Barn Capital Improvement
Fund; and
WHEREAS, the Board of Directors of Friends of Westwind has expressed a preference
for the expenditure of the auction proceeds;
NOW, THEREFORE,the City Council for the Town of Los Altos Hills does hereby
RESOLVE as follows:
1. All Auction Funds shall be appropriated, in the Fiscal Year 2007-2008 budget,to
the Westwind Barn Capital Improvement Fund.
2. The priority for expenditure of the Auction Funds shall, unless subsequently
modified by the City Council,be as follows;
a. Funds should first be used to repay the arena debt;
b. Any remaining funds should be used to purchase a manure truck, to be used
with Hidden Villa;
c. Any additional remaining funds should be used to replace and maintain the
arena irrigation system.
3. The City Council hereby authorizes the City Manager to approve expenditures of
the Auction Funds consistent with the priorities set forth a.; • in Section 2.
PASSED AND ADOPTED this 13th day of :eptemb- 007.
By.
Craig A. r Jones,Mayor
ATTEST:
Karen Jost,rk