RESOLVED, that the proper city officials are hereby authorized to enter into an amendment, substantially in the form of that on file in the office of the city clerk as Public Document No. __________, to the agreement with the Duluth Superior Area Community Foundation regarding the Duluth legacy endowment fund.
CD KAH:jle 2/8/2008
STATEMENT OF PURPOSE: This resolution approves an amendment to the agreement with the Duluth Superior Area Community Foundation. The amendment provides for a change in the name of the committee which advises the foundation about the use of the legacy fund. The Duluth legacy endowment fund project group will be changed to the Duluth legacy endowment fund advisory board.
Additionally, the agreement provided that only Duluth citizens could be on this advisory committee. The amendment provides for seasonal residents of Duluth or the surrounding area, or individuals involved with a Duluth business, nonprofit or governmental entity, or individuals who have demonstrated significant ties to the community or the surrounding area to be on the committee.
The Duluth legacy endowment fund project group passed these changes at their meeting on January 29, 2008.