R2023-40 Resolution Authorizing an Agreement between the Staley Family Foundation and the City of Decatur

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MEMO DATE: March 6, 2023 TO: Mayor Julie Moore Wolfe and City Council Members FROM: Scott Wrighton, City Manager Jon Kindseth, Deputy City Manager SUBJECT: Resolution Authorizing an Agreement between the Staley Family Foundation and the City of Decatur RECOMMENDATION: It is recommended by staff that this item be approved as presented and the funds are accepted to be used as defined. BACKGROUND:This year is the Centennial(100 years)of the creation of Lake Decatur by A. E. Staley. The City and a committee of stakeholders and volunteers have been planning a summer celebration of this priceless community asset. The Staley Family Foundation has committed to underwrite the bulk of the celebration's expenses. Additionally, with this agreement the Staley Family Foundation has committed additional funds to help the City of Decatur in sustaining good stewardship and watershed management of Lake Decatur. In total, this agreement with the Foundation, provides $675,000.00. With acceptance of this agreement, the City agrees to rename the current basin, known as "Basin 3" to "Staley Basin," along with signage and historical plaques commemorating the Staley Family and their significance in Decatur. Lake Decatur would likely not exist today if it were not for the vision of A. E. Staley. This agreement forms a continued partnership and recognizes those contributions. This agreement is a model for other potential donors that would like to contribute to the City's desire to adequately plan, fund and implement best practices of watershed management. STAFF REFERENCE: Should the City Council have any questions, they may contact Jon Kindseth at 217-450-2323 or jkindseth(a)decaturil.gov, or Ryan Huffer at 217-450-2249 or rhufferAdecaturil.gov. BUDGET/TIME IMPLICATIONS: This agreement provides for a private donation to the City of Decatur in the amount of$675,000.00 over the next 4 years.