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HomeMy WebLinkAbout08. 21-300 JUNE 8, 2021 21-300 RESOLUTION (CARRIED___6-0_____LOST________LAID OVER________WITHDRAWN________) PURPOSE: AUTHORIZE CITY OFFICIALS TO SIGN NON-JUDICIAL SETTLEMENT AGREEMENT FOR ZIEBELL TRUST FOR THE BENEFIT OF THE OSHKOSH PUBLIC MUSEUM INITIATED BY: OSHKOSH PUBLIC MUSEUM WHEREAS, the Oshkosh Public Museum is a department of the City of Oshkosh; and WHEREAS, the Oshkosh Public Museum has been designated as a beneficiary of the John A. Ziebell and May C. Ziebell Charitable Remainder Unitrust; and WHEREAS, it is necessary to formally authorize persons to sign documents pertaining to the Trust on behalf of the Oshkosh Public Museum; and WHEREAS, the Common Council of the City of Oshkosh for the Oshkosh Public Museum in Oshkosh, Wisconsin is determined to grant signing authority to certain person(s) described hereunder. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Oshkosh that the City of Oshkosh hereby authorizes, approves and empowers the following individuals to make, execute, endorse and deliver in the name of and on behalf of the Oshkosh Public Museum the Nonjudicial Settlement Agreement: Appointment of Trustee regarding the John A. Ziebell and May C. Ziebell Charitable Remainder Unitrust and the Appointment of Successor Trustee and to bind the Oshkosh Public Museum to the terms set forth thereunder: Mark A. Rohloff City Manager (920)236-5002 citymgr@ci.oshkosh.wi.us Signature: ____________________________________ This resolution has been approved by the Common Council of the City of Oshkosh, for the benefit of the Oshkosh Public Museum on June 8, 2021. **** The undersigned, Pamela R. Ubrig, hereby certifies that she is the City Clerk for the City of Oshkosh, and is responsible for keeping the records and seal of the City of Oshkosh which includes the Oshkosh Public Museum, a tax-exempt municipal organization, and that said meeting was held in accordance with state law. I, as authorized by the Common Council of the City of Oshkosh, for the benefit of the Oshkosh Public Museum, hereby certify and attest that all the information above is true and correct. _____________________________________ Pamela R. Ubrig, City Clerk TO: Honorable Mayor and Members of the Common Council FROM: Brad Larson, Museum Director DATE: June 2, 2021 RE: Authorize Signing of Ziebell Trust Settlement Agreement BACKGROUND John A. and May C. Ziebell were Members of the Oshkosh Public Museum and as long- time supporters, included the Museum in their estate plan. They designated the Museum as one of the beneficiaries of the John A. Ziebell and May C. Ziebell Charitable Remainder Unitrust. ANALYSIS The settlement and transfer of the Ziebell trust to the Oshkosh Public Museum is beyond the authority of the Museum Board to execute. Because the Oshkosh Public Museum is not a separate legal entity but is a department of the City of Oshkosh, the settlement of the trust and empowering the City Manager to provide the authorizing signature must come from the governing body. FISCAL IMPACT The final value of the bequest has not been determined. However, the generosity of John and May Ziebell will serve to further strengthen the Museum’s mission. RECOMMENDATION The Common Council should approve, authorize, and empower City Manager Mark A. Rohloff, on behalf of the Oshkosh Public Museum, to make, execute, endorse and deliver the Nonjudicial Settlement Agreement: Appointment of Successor Trustee regarding the John A. and May C. Ziebell Charitable Remainder Unitrust. Respectfully Submitted, Approved: Brad Larson Mark A. Rohloff Museum Director City Manager