HomeMy WebLinkAbout2026 09_Accept Donation Golden AgersCIT�OF OWASSO, OKLAHOMA
RESOLUTION 2026-09
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OWASSO, OKLAHOMA,
ACCEPTING A DONATION FROM THE OWASSO GOLDEN AGERS
FOUNDATION; PROVIDING FOR THE RESTRICTED USE OF SAID FUNDS;
DIRECTING THE CREATION OF A SEPARATE FUND OR LINE ITEM FOR
ACCOUNTING PURPOSES; AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Owasso Golden Agers Foundation is in the process of dissolution and has
generously offered to donate the remaining balance of its funds to the City of Owasso
for the benefit of the senior citizen population of Owasso; and,
WHEREAS, the City Council finds that accepting this donation and applying it toward such
purposes serves the public interest and promotes the health and well-being of the senior
community.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA, that, to -wit:
The City Council hereby formally accepts the donation of approximately $476,867.00
from the Owasso Golden Agers Foundation, an Oklahoma nonprofit corporation in the
process of dissolution.
The donated funds shall be used exclusively for the benefit of Owasso's senior citizen
population and are specifically restricted to expenditures related to providing senior
programs, to include the construction, development, or renovation of a building for the
purpose of providing senior programs. The funds shall not be used for any other purpose.
The City Manager is hereby directed to establish a separate fund, account, or line item
within the City's financial system to accurately record the receipt of the donation and all
expenditures associated with it. All transactions related to these funds shall be tracked
independently to ensure transparency, accountability, and compliance with the donor's
restrictions.
This Resolution shall take effect immediately upon its passage and approval.
2026.
ATTEST:
JUI' nn M. Stevens, City Clerk
APP V
Julie f
mbardi, City Attorney
PASSED AND
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this 19th day of May,
, Mayor
TO: The Honorable Mayor and City Council
FROM: Juliann M. Stevens, City Clerk
SUBJECT: Resolution 2026-09, Donation Acceptance Owasso Golden Agers Foundation
DATE: May 14, 2026
BACKGROUND:
Beverly Zemlock, President, Owasso Gold Agers Foundation, contacted city staff to advise that
the Foundation is in the process of dissolution and they would like to donate funding of
approximately $476,867.00 to the City for the benefit of the senior citizen population in Owasso.
RESOLUTION:
Following discussions, City staff drafted Resolution 2026-09, formally accepting the donation and
providing for the restricted use of the donated funds to include the construction, development,
or renovation of a building for the purpose of providing senior programs. The funds shall not be
used for any other purpose.
Additionally, the Resolution directs the City Manager to establish a separate fund, account, or
line item to record the receipt of the donation and all associated expenditures. All transactions
related to the donation will be tracked independently to ensure transparency, accountability,
and compliance with the donor's restrictions.
RECOMMENDATION:
Staff recommends approval of Resolution 2026-09.
ATTACHMENT:
Resolution 2026-09