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NOVEMBER 8, 200505-347RESOLUTION
(CARRIED________ LOST_1-5,1P___ LAID OVER________ WITHDRAWN_______)
PURPOSE: ACCEPT WATERFEST DONATION / AMPHITHEATER;
DESIGNATE PROCEEDS INTO SEGREGATED FUND
INITIATED BY: COUNCIL MEMBER ESSLINGER
WHEREAS, Waterfest Inc has generously offered to donate annually the sum of
at least $7,500 toward a permanent, segregated fund to provide for future maintenance,
capital improvement and upkeep of the Leach Amphitheater at Riverside Park; and
WHEREAS, the Common Council desires to establish a mechanism to fund
future maintenance (including but not limited to: capital improvements or scheduled
maintenance or such other capital expenditures) as may be necessary from time to time
to preserve the Leach Amphitheater and appurtenant structures and facilities; and
WHERE, it is prudent for the city of Oshkosh, while accepting this donation, to
segregate this and all similar monies into a fund solely dedicated to maintain the
amphitheater facility in first-class condition;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the annual Waterfest donation to a segregated maintenance fund is
graciously accepted with the deepest appreciation of the residents of the City and the
users of the Amphitheater facility and the proper city officials are directed to convey this
sense of appreciation to Waterfest Inc. for its continued support of downtown
revitalization and community promotion.
BE IT FURTHER RESOLVED that the proper City officials are authorized and
directed to segregate this and all future donations into an enterprise fund dedicated for
the purposes outlined in this resolution.