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O-686-3-86ORDINANCE NO. c, g 6- g- g 6 AN ORDINANCE OF THE CITY OF ALLEN, TEXAS, CREATING THE LIBRARY COLLECTONS ACQUISITION FUND; REQUIRING A GENERAL PLAN FOR ITS EXPENDITURE; AND PROVIDING FOR ITS ACCOUNTANCY. WHEREAS, on January 20, 1979, qualified voters in the City did adopt a City Charter establishing the City of Allen as a Home Rule City, which according to Vernon's Texas Civil Statutes Article 1175(3) allows the City "to hold by gift, deed, devise, or otherwise any character of property, including any charitable or trust fund"; and, WHEREAS, the same City Charter establishes in its own Article III, Section C a Library Department to administer a free public library within the City, and a Library Board to provide supervisory guidance to all library functions; and, WHEREAS, the City Council of the City of Allen did pass Ordinance No. 418-11-82 establishing the duties and responsibilities of the Library Board, to include the solicitation of gifts and donations to the Library subject to the approval of the City Council; and, WHEREAS, the 1985 Capital Improvements Bond Program approved by the voters of the City of Allen included $2.5 million to construct and equip a new library facility; and, WHEREAS, the Allen Public Library Board aspires to raise $1.0 million in donations from private sources for the expansion of the Library's collections of books, periodicals and other holdings; and, WHEREAS, these collections are desirable for the edification and well-being of Allen residents of all ages; and, WHEREAS, the Library Board wishes to assure potential donors that City officials and employees will be compelled to spend their gifts strictly for library purposes; Ordinance No. 6 8 6- 3- 8 6 - Page 1 NOW, THEREFORE, IN CONSIDERATION OF THESE RECITALS, THE CONTENT OF WHICH IS INCORPORATED HEREIN, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ALLEN, TEXAS, THAT: SECTION 1. Establishment of Trust Fund. There is hereby created an expendable trust fund known as the Library Collections Acquisition Fund which shall hold money donated to the fund from private sources for the expressed purpose of purchasing library materials. SECTION 2. Spending Authority. The Library Board shall recommend to the City Council a general plan for the expenditure of donations to the Fund. Approval of this plan by the Council shall constitute prior authorization for the Library Director to purchase library materials. No expenditure of these funds shall be made except in compliance with the adopted plan, unless amendment to the plan is recommended by the Library Board and approved by the City Council. SECTION 3. Accounting. The City Finance Director shall receive all donations to the Fund as with all other City money, but shall account for the Fund separately from all other funds so that all donations will be shown as expenditures for library materials. The Finance Director will prepare such a report for the Library Board on a quarterly basis. Interest shall accrue to the Fund at a rate equal to that earned by other funds through City investments. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 20th DAY OF March $1986. APPROVED: Donald P. Rodenbaugh, Mayor ATTEST: Nsecretary Marty Hendrix, ty FORM: Crowder, City Attorney Ordinance No. ti R 6-_I- g 6 - Page 2