HomeMy WebLinkAbout7993RESOLUTION NO. 7993
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
AUTHORIZING THE CLOSE OUT AND ELIMINATION OF THE HILLSIDE
MEMORIAL PARK CEMETERY ENDOWMENT FUND TO PERPETUAL
CARE FUND
WHEREAS, in 1899, Judson and Brown transferred Hillside Memorial Park ("Cemetery")
to the Hillside Cemetery Association ("Association"), a private entity; and
WHEREAS, as part of that transaction, a deed of trust associated with the transfer required
the Association to establish a `reserve fund" and an "U nproverment fund"; and
WHEREAS, the improvement fund was established to provide day to day operating capital
for the Cemetery, and the interest from the reserve fund was to be used for repairs and maintenance
of the Cemetery after all property for intennent purposes was sold; and
WHEREAS, in 1918, the City acquired the Cemetery from the Association and, as part of
that acquisition, the Association intended that the City agree to and assume all duties and
obligations that the Association had promised Judson and Brown, including the improvement fund,
which was referred to as an "endowment fund" and the reserve fund which was referred to as a
"perpetual care" fund; and
WHEREAS, in August 1918, the City Council adopted Ordinance No. 609 which
recognized an obligation to continue with the endowment and perpetual care funds, to use such
funds for their stated purposes, and to keep such funds as separate accounts; and
WHEREAS, the City has continued to keep the funds collected in an Endowment Fund
separate from the Cemetery Operating Fund. Upon acquisition of the Cemetery from the
Association 111 October 1918, the Perpetual Care Fund balance was $5,705.73. The current value of
these funds equals $89,861.22, which are set aside within the Endowment Fund (702-2990) as a
reserve to be used for the perpetual care of the property that was acquired in 1918; and
WHEREAS, beyond the amount set -aside of $89,861.22, the remaining balance of the
"improvement fund" or Endowment Fund, may be utilized for funding ongoing repairs and
maintenance of the Cemetery, including capital improvements noted in the Cemetery Business Plan.
Future Cemetery improvements would be expended directly from the Cemetery Operating Fund;
and
WHEREAS, City staff is recomrmending that the City Council approve the closure of the
Cernetery's Endowment Fund, transfer the current balances of the Endowment Fund to the
Cemetery Operating Fund, and rename the $89,861.22 Reserve -Endowment Trust to Reserve for
Perpetual Care to consolidate funds and eliminate existing loans between the Cemetery Operating
Fund and Endowment Fund;
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NOW, THEREFORE, be it resolved by the City Council of the City of Redlands as follows:
Sectionl. The City Council hereby determines that the adoption of this Resolution is
exempt from review under the California Environment Quality Act ("CEQA") pursuant to section
15273 of the State's Guidelines implementing CEQA.
Section 2, The City Council hereby authorizes and directs City Finance Department
staff to close out and eliminate the Hillside Memorial Park Cemetery Endowment Fund and transfer
the current balances of the Endowment Fund to the Hillside Memorial Park Cemetery Operating
Fund.
Section 3. The City Council further authorizes City Finance Department staff to rename
the $89,861.22 Reserve -Endowment Trust to Reserve for Perpetual Care
ADOPTED, SIGNED AND APPROVED this 18th day of June, 2019.
Denise Davis, Mayor Pro Tem
ATTEST:
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anne Donaldson, City Clerk
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I, Jeanne Donaldson, City Clerk of the City of Redlands, hereby certify that the foregoing resolution
was duly adopted by the City Council at a regular meeting thereof held on the 18th day of June,
2019, by the following vote:
AYES: Councilmembers Barich, Tejeda, Davis
NOES: None
ABSENT: None
ABSTAIN: Mayor Foster; Councilmember Momberger
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JKPAe Donaldson, City Clerk
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