RECOMMENDATION(S):
APPROVE and AUTHORIZE the County Librarian to accept a restricted donation in an estimated amount of $100,000 from the Eugene S. Troy Trust, for the exclusive use in support of the El Cerrito Library.
FISCAL IMPACT:
The donation will provide $100,000 for library services that may include library open hours, purchase of library materials, and programming for the El Cerrito Library.
BACKGROUND:
Eugene S. Troy generously bequeathed 2% of his trust to the El Cerrito Library. He was a resident of Kensington and frequented several of the nearby public libraries and thus decided to support the El Cerrito Library through this gift from his estate. The approximate value of his donation is $100,000. The bequest will support library services that may include library open hours, purchase of library materials, and programming.
CONSEQUENCE OF NEGATIVE ACTION:
The Eugene S. Troy Trust bequest will not be received for the El Cerrito Library.
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