HomeMy WebLinkAboutR-10983 TO DISTRIBUTE THE REMAINING BALANCE IN THE MARY JANE DUVALL TRUST ACCOUNT TO THE SAN LUIS OBISPORESOLUTION NO. 10983 (2019 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, TO DISTRIBUTE THE REMAINING BALANCE
IN THE MARY JANE DUVALL TRUST ACCOUNT TO THE SAN LUIS
OBISPO MUSEUM OF ART
WHEREAS, in 1973, Mary Jane Duvall who was a former City employee and served as
the secretary to the Mayor for former Mayor Ken Schwartz, requested upon her passing that all of
her remaining assets be liquidated and transferred to the City; and
WHEREAS, on October 15, 1973, the San Luis Obispo City Council approved Resolution
No. 2516 (1973 Series) entitled, "A Resolution of the Council of the City of San Luis Obispo
Accepting Bequest to City and Appointing Trustee in Accordance with the Terms of Said
Bequest," formally establishing the Mary Jane Duvall Fee Account ("the Duvall Account") with
the City; and
WHEREAS, Resolution No. 2516 appointed former Mayor Ken Schwartz as the trustee
of the Duvall Account and the bequest and provides that the funds are to be used near the creek in
Downtown for the beautification of the City; and
WHEREAS, On January 10, 2019, Former Mayor Schwartz, acting as the Mary Jane
Duvall Trust Trustee, has requested that all remaining funds from the trust be provided to the San
Luis Obispo Museum of Art to assist in their capital campaign; and
WHEREAS, the current value of the trust is $161,532.
R 10983
Resolution No. 10983 (2019 Series)
Page 2
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo
as follows:
SECTION 1. That all remaining funds in the Duvall Account are hereby appropriated and
to be donated to the San Luis Obispo Museum of Art for the express purpose of funding their
capital campaign.
SECTION 2. The Duvall Account is hereby closed.
Upon motion of Council Member Christianson seconded by Council Member Gomez, and on the
following roll call vote:
AYES: Council Members Christianson, Gomez, and Stewart,
Vice Mayor Pease, and Mayor Harmon.
NOES: None
ABSENT: None
The foregoing resolution was adopted this 19th day of February 2019.
ATTEST:
Teresa Purrington, City Cl r
100A
Christine Dietrick,City Attorney
Mayo Hei i Harmon
I
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City
of San Luis Obispo, California, this 4TH day of \-A a -i' - C�- 1 , 20 A
4e"resaPu
gton, City Cl r
R 10983