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07-9943r RESOLUTION NO. 9943 RESOLUTION AUTHORIZING ACCEPTANCE THE DONATION RECEIVED BY THE CITY OF RICHFIELD AND TO AUTHORIZE THE CITY TO ADMINISTER THE FUNDS IN ACCORDANCE WITH TERMS PRESCRIBED BY DONOR - RICHFIELD TOURISM PROMOTIONS BOARD WHEREAS, Minnesota Statute 465.03 reads in part as follows: Any city, county, school district or town may accept a grant or devise of real or personal property and maintain such property for the benefit of its citizens in accordance with the terms prescribed by the donor. Nothing herein shall authorize such acceptance or use for religious or sectarian purposes. Every acceptance shall be by resolution of the council adopted by two-thirds majority of its members, expressing such terms in full, and WHEREAS, the City of Richfield has received a donation from the Richfield Tourism Promotions Board in the amount of $18,019 for promotional costs related to the City's on May 1,2007. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Richfield, Minnesota, as follows: That the City Council of the City of Richfield hereby accepts the donation as listed above for the year 2007 and authorizes the City to administer the funds in accordance with terms prescribed by the Richfield Tourism Promotion Board. Adopted by the City Council of the City of Richfield, Minnesota this 12th day of June, 2007. D~~ Debbie Goettel, Mayor ATTEST: '-11( e;AAAtr~ Nancy Gibb , City Clerk