Discussion and Final Approval Regarding the Use of Mrs. Gladys L. Paetzold s Bequest to the City of Culver City Senior Center and Approval of the Necessary Budget Amendment. City of Culver City California City Council Agenda Item Report Meeting Date: 04/07/08 AGENDA ITEM: Discussion and Final Approval Regarding the Use of Mrs. Gladys L. Paetzold s Bequest to the City of Culver City Senior Center and Approval of the Necessary Budget Amendment. Contact Person/Dept.: Armando Abrego Senior & Social Services Manager Fiscal Impact: Yes No X General Fund: Yes No Phone Number: (310) 253 6724 Item Number: A 1 Public Hearing: Public Notification: Master Notification List (04/02/08) Action Item: X Attachments: X Department Approval: Bill La Pointe (by Pam Robinson) (3/27/08) Fiscal Impact Review: Jeff Muir (by N. Kimball) (04/01/08) City Attorney Approval: Carol Schwab (by H. Baker) (03/31/08) City Manager Approval: Jerry B. Fulwood (04/02/08) RECOMMENDATION: Staff recommends the City Council consider discuss and determine the use of Mrs. Gladys L. Paetzold s Bequest as recommended by the Culver City Senior Citizens Association (CCSCA) Board of Directors and the Parks & Recreation Commission and approve the necessary Budget Amendment. A budget amendment requires a 4/5th vote of the City Council. BACKGROUND: Recently Mrs. Gladys L. Paetzold a long time active member of the Culver City Senior Center and the Retired and Senior Volunteer Program (RSVP) passed away leaving a bequest to the Culver City Senior Center in the amount of $166 423.35 ( The Paetzold Bequest ). At the December 10 2007 City Council meeting two actions were taken with regard to this issue: (1) to accept the Paetzold Bequest in the amount of $166 423.35 on behalf of the Culver City Senior Center and (2) that staff present the CCSCA Board with the City Council s ideas and ask for their suggestions on the use of the funds (Attachment 1). The CCSCA Board of Directors discussed the issue at their January and Febru...
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