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AI- 5703   4. A. 3.    
Commissioners Court - Regular
Meeting Date: 10/22/2014  
MOU with Coastal Bend Community Foundation for fund depository for Fallen Heroes Memorial
Submitted By: Tyner Little, Commissioners Court Admin
Department: Commissioners Court Admin  

Information
RECOMMENDATION
Discuss and consider execution of a Memorandum of Understanding with the Coastal Bend Community Foundation for donor services related to the “Fallen Heroes Memorial” Campaign, and related matters.
BACKGROUND

The previous agreement with Coastal Bend Community Foundation has expired.  Upon execution of this MOU, the Coastal Bend Community Foundation will continue to accept donations and maintain the funds for the benefit of the Fallen Heroes Memorial Project, to be located at the fountain at the North side of the Nueces County Courthouse.  This would be the same arrangement the County had for the "Buy a Book" campaign for the Keach Family Library.  The Coastal Bend Community Foundation will handle all the charitable donation documents for the benefit of the donor on behalf of the County.  A fee of one-twelfth of one percent is paid to the Coastal Bend Community Foundation for accepting such donations and maintaining the funds.

DISCUSSION
The County will remain in control of the construction of the project.  The Coastal Bend Community Foundation will solely be acting as steward of the fund raising to pay for the project.

Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1:
Fund Transfers

Attachments
MOU Coastal Bend Community Foundation
Donation Form and Policies

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