Label
Rosenberg Trust Ordinance
Department of Law
Revised
Title
Authorizing the Mayor to execute and deliver needed instruments with the Toledo Community Foundation, Inc. for the acceptance and deposit of annual distributions of funds from the Leonard H. Rosenberg Trust for the benefit of the Toledo Police Department Canine Unit and the Department of Parks and Youth Services municipal swimming pools; authorizing the appropriation and expenditure of these fund proceeds consistent with and in compliance with the Leonard H. Rosenberg Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City of Toledo is one of several named beneficiaries of the Leonard H. Rosenberg Trust. By reason of the death of Leonard H. Rosenberg, the Trust is operative and the Toledo Community Foundation, Inc. is prepared to begin making annual distributions to the City of Toledo.
In accordance with the terms of the fund agreement, $125,000 of the trust is to be used to provide funds to the Department of Parks & Recreation for maintenance and operation of its swimming pools and swim lessons. Additionally, $125,000 of the trust is to be used to benefit the Toledo Police Department to help pay for the purchase, training, and care of the dogs used in the city's Canine Patrol Officers Unit. Annual distributions will be made from the Toledo Community Foundation to memorialize Leonard H. Rosenberg and continue the important work of improving Toledo city-owned pools and enhancing safety of Toledo by helping to pay for canine officer unit expenses.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to execute and deliver needed instruments with the Toledo Community Foundation, Inc. and to accept and deposit distributions in the name of Leonard H. Rosenberg, into Account Code 2156-52000-3T33303STDSTD, hereby established for the benefit of Toledo Police Department for the purchase, training, and care of the do...
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