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HomeMy WebLinkAbout96/11/06 (Special Agn) Library Fnd BoardLIBRARY FOUNDATION BOARD AGENDA CITY OF RANCHO CUCAMONGA SPECIAL MEETING 6:00 p.m. November 6, 1996 Civic Center Tri Communities Room 10500 Civic Center Drive Rancho Cucamonga, California 91730 *~* City Councilmembers William J. Alexander, Mayor Rex Gutierrez, Mayor Pro Tem Paul Biane, Councilmember James V. Curatalo, Councilmember Diane Williams, Councilmember ::: Foundation Boardmembers Rene Barnett, Boardmember Patricia Beasley, Boardmember Robert Howdyshell, Boardmember Gregory Morrison, Boardmember Paula Pachon, Boardmember Bob Schmidt, Boardmember Robert A. Valenti, Boardmember Paul Williams, Boardmember DECLARATION OF POSTING OF AGENDA VIVIAN GARCZA states and declares as follows: I presently am, and at all times mentioned herein have been, the Administrative Secretary of the Library of ^R/ancho 6V~~ Cucamonga. Acting in that capacity, on ~Y'~ l ~/, , / 7~- at (~ ~~~ ~'M', I posted// a true and correct copy of the meeting agenda dated /ydl~. ~-P at 10500 Civic Center Drive, Rancho Cucamonga. I declare under penalty of perjury that the foregoing is true and correct and that this declaration was executed on /UUl/- ~~ ~(!4~ at Rancho Cucamonga. DEBORAH KAYE CLARK, LIBRARY MANAGER City of Rancho Cucamonga Vivian Garcia, Administrative Secretary City of Rancho Cucamonga PAGE Rancho Cucamonga Public Library Foundation Board 1 ' Special Meeting, November 6, 1996 A. CALL TO ORDER 1. Roll Call: Howdyshell ,Williams : , Barnett _, Beasley , Morrison , Pachon _, Schmidt and Valenti B. ITEMS OF BUSINESS WITH NEWLY APPOINTED OFFICIALS 1. Administering Oath of Office to Boazdmember Robert Valenti by City Clerk Deborah Adams. 2. Approval of Foundation Bylaws. Presented by Librazy Manager, 1 Deborah Clazk. 3. Election of Officers. Conducted by acting President, Library Boazd President Robert Howdyshell. President Secretary Powers and responsibilities of each Officer aze outlined in the Bylaws, Article VI, Sections 1 through 6. Gavel will be passed to newly elected President. 4. Establishment of Terms by Lot "The members of the first boazd appointed shall so classify themselves by lot that one of their number shall go out of office at the end of the current fiscal year, two at the end of one yeaz thereafter, - two at the end of two yeazs thereafter and two at the end of three years thereafter." Foundation Bylaws, Article V, Section 8. 5. Adoption of Resolution to establish day, time and place for the 7 Annual Meeting of the Foundation Boazd. "The Boazd of Directors of the Foundation shall hold an annual meeting in the month of June at such time and place designated by the Board." Foundation Bylaws, Article III, Section 2. PAGE Rancho Cucamonga Public Library Foundation Board 2 Special Meeting, November 6, 1996 C. CONSENT CALENDAR The following Consent Calendar items are expected to be routine and non-controversial. They will be acted upon by the Board at one time without discussion. Any item may be removed by a Boardmember or member of the audience for discussion. 1. None submitted. D. LIBRARY DIRECTOR'S STAFF REPORTS The following items do not legally require any public testimony, although the President may open the meeting for public input. 1. Telethon Status Report: oral report presented by Library Manager, Deborah Clazk. 2. Committee opportunities for Telethon involvement: oral report presented by Library Manager, Deborah Clazk Telethon Executive Committee Youth Amateur Talent Contest Pennies for Pages School Program Auction Skateboard Demonstration Concept E. BOARD BUSINESS The following items have been requested by the Board of Library Trustees for discussion. They are not public hearing items, although the President may open the meeting for public input. 1. Determination of next date of Special Meeting to discuss fundraising directions the Boazd wishes to pursue. F. IDENTIFICATION OF ITEMS FOR NEXT MEETING This is the time for the Board of Library Trustees to identify the items they wish to discuss at the next meeting. These items will not be discussed at this meeting, only identified for the next meeting. PAGE Rancho Cucamonga Public Library Foundation Board 3 Special Meeting, November 6, 1996 G. COMMUNICATIONS FROM THE PUBLIC This is the time and place for the general public to address the Board of Library Trustees. State law prohibits the Board from addressing auy issue not previously included on the Agenda. H. ADJOURNMENT I, Vivian Garcia, Library Administrative Secretary of the City of Rancho Cucamonga, hereby certify that a true, accurate copy of the foregoing agenda was posted on Friday, November 1, 6:00 p.m., 1996, seventy-two (72) hours prior to the meeting per Government Code 54953 at 10500 Civic Center Drive. BYLAWS OF THE RANCHO CUCAMONGA PUBLIC LIBRARY FOUNDATION ARTICLE I -NAME AND ADDRESS Section 1. The name of this association shall be the Rancho Cucamonga Public Library Foundation, hereinafter referred to as the "Foundation". Section 2. The address of the principal executive office of the Foundation shall be located at Rancho Cucamonga Public Library, 7368 Archibald, Rancho Cucamonga, California, or at such other place as the Board of Directors hereafter may designate. ARTICLE II -PURPOSES AND LIMITATIONS Section 1. The purpose of the Foundation is to establish a permanent endowment fund to assist the government of the City of Rancho Cucamonga through the Rancho Cucamonga Public Library, hereinafter referred to as the "library", in improving the quality of library services to the citizens of the City of Rancho Cucamonga. Section 2. The Foundation is organized, and at all times shall be operated, exclusively for the benefit of, to perform the function of, and to carry out the purposes of, the Library, within the meaning of 509 (a) (3) (A) of the Internal Revenue Code of 1954, as amended, the Regulations thereunder, and the corresponding provision of any applicable future United States Internal Revenue Law and Regulations, such Code and Regulations hereinafter collectively referred to as the "Code". Section 3. In carrying out such purpose, the Foundation shall not, in any manner, be utilized to discharge the obligation of the City of Rancho Cucamonga, hereinafter to be referred to as the "City", to bear the expenses of financing the routine operation, maintenance or repair of the Library. The support, promotion and advancement of the Library afforded by this Foundation is in addition to, and supplementary to, any budgeting program sponsored by the City, and the use of this Foundation in the routine operation, maintenance or repair of the Library shall be a violation of the purposes herein expressed. If the Board of Directors is of the opinion that the City causes the terms of the Foundation to be violated by causing income of the Foundation to be used for routine operation, maintenance or repair of the Library, then the Board of Directors may direct that the income be used for the benefit of library organizations that are not under the jurisdiction of the City. These organizations must be charitable organizations under Section 501 (c) (3) of the Code and must be consistent with the purpose of the Foundation. ARTICLE III - MEETINGS Section 1. All meetings, regular and special shall be notified, posted and conducted in every way consistent with the requirements set forth in the Brown Act. Section 2. The Board of Directors of the Foundation shall hold an annual meeting in the month of June at such time and place designated by the Board. Section 3. Adoption of a budget for the upcoming fiscal year shall occur at the annual meeting. Section 4. Special meetings may be called at any time by a majority of the Board. Written notice, stating the time and place of any special meeting and its purpose shall be given to each member of the Boazd at least four days before such meeting. Section 5 Section 1 Section 2. dividends. A majority of the Board constitutes a quorum. ARTICLE IV - AND SHARES The corporation shall have no membership. The corporation shall not have or issue shares of stock and shall declare no Section 3. No part of the Foundation shall inure to the benefit of any private individual, and no part of the direct or indirect activities of this Foundation shall consist of carrying on propaganda, or otherwise attempting to influence legislation, or of participating in, or intervening in (including the publication or distribution of statements), any political campaign on behalf of any candidate for public office. Notwithstanding any other provision hereof, this Foundation shall not conduct or carry on any activities not permitted to be conducted or carried on by an organization exempt under Section 501 (c) (3) of the Code or by an organization contributions to which are deductible under Section 170 (c) (2) of such Code. ARTICLE V -BOARD OF DIRECTORS Section 1. The total number constituting the Board of Directors shall be nine (9). Section 2. The Library Director shall serve as an ex officio member of the Board. Section 3. One (1) member of the Board of Directors shall be the elected President of the Library Board of Trustees or his/her designee from the Library Board of Trustees. Section 4. One (1) member of the Boazd of Directors shall be filled by a member of the Friends of the Rancho Cucamonga Public Library, appointed by the President of that organization. Section 5. Seven (7) members of the Board of Directors shall be filled by residents of the City of Rancho Cucamonga approved by the Library Board of Trustees and appointed by the City Council. Section 6. The terms shall be four (4) years. Directors may be reappointed for an additional four yeaz term, after which they may not be'reappointed until an intervening one year period. All vacancies occurring because of the expiration of terms or for other reasons will be filled by the appointing body. Section 7. The members of the first boazd appointed shall so classify themselves by lot that two of their number shall go out of office at the end of the current fiscal yeaz, three at the end of one year thereafter, two at the end of two years thereafter, and two at the end of three years thereafter. Section 8. Directors missing three consecutive meetings, without good cause, may be replaced by a majority vote of the remaining Directors on the Board and the appointing body asked to appoint a new candidate to the Boazd. Any Director of the Library Foundation may be removed at any time by a majority vote of the entire council. Section 9. All terms as prescribed in this Article shall commence with the organizational meeting of the Board of Directors and shall expire at the date of the annual meeting in June. Section 10. Any change in the number and qualifications of members of the Board of Directors shall be made only by amendment to these Bylaws. ARTICLE VI -OFFICERS Section 1. The Boazd shall elect a President and a Secretary at the annual meeting. Their terms of office are one year. Section 2. Officers may be removed from office for cause by a majority of the Foundation Board at any meeting. Section 3. The President shall preside at all meetings of the Board and have responsibility for general supervision of its activities. Section 4. The President, with assistance from the Library Director and the Investment Trustee, shall present a budget for approval of the Board at the annual meeting. Section 5. Disbursement of money in excess of $500, unless specifically budgeted at the annual meeting, requires the signature of either the President or the Secretary. Section 6. The Secretary shall give notice to all members and shall maintain a permanent set of minutes to all meetings and shall preside at meetings in the absence of the President. ARTICLE VII -POWERS Section 1. The decisions and acts of a majority of the members of the Boazd of Directors qualified and serving shall constitute an exercise of the Foundation powers and discretions conferred upon the Board of Directors and the decisions and acts of such majority of the Boazd of Directors shall constitute and be taken as the decisions and acts of the entire Board of Directors. Section 2. The Board of Directors may adopt rules of procedures which shall not be inconsistent with the terms of this Foundation. Section 3. A simple majority of the Board may amend the Bylaws at any meeting. However, no such amendment or modification shall alter the intention of the Donors that this Foundation be operated exclusively for charitable, literary and educational purposes, and in a manner which shall make this Foundation tax exempt and the donations to it deductible from taxable income to the extent allowed by the provisions of the Code and other applicable legislation and regulations as they now exist or as they may hereafter be amended. Every amendment or modification of these bylaws shall be in writing, shall be signed by a majority of the Board of Directors then serving and shall be delivered to each of the members of the Board then in office and to the Investment Trustee then in office. ARTICLE VIII -COMPENSATION AND EXPENSES Section 1. The Board of Directors shall serve without compensation. ARTICLE IX -INVESTMENT TRUSTEE Section 1. The Finance Director of the City of Rancho Cucamonga shall serve as the Investment Trustee for the Foundation. He/she shall have the powers and authority set out in Section 2. Section 2. The powers of the Investment Trustee shall be limited to investment of the Foundation property and shall have the following discretionary powers: (a) To hold the principal and all money or property given to the Trustee to invest and reinvest, unless the deed or legacy of a particulaz gift or gifts specifically authorizes or requires its retention and/or use for a specific project. (b) To invest and reinvest the principal and undistributed income of the Foundation funds on deposit with the Trustee in such property, real, personal or mixed and in such manner as it shall deem proper for the growth of capital and the production of income, and from time to time to change investments as he/she shall deem advisable; to invest in or retain any stocks, shares, bonds, notes, obligations, or personal or real property bonds, notes, obligations, or personal or real property (including without limitation any interest in or obligations of any corporation, association, business trust, investment trust, common trust fund or investment company) although some or all of the property so acquired or retained is of a kind or size which but for this express authority would not be considered proper and although all of the Foundation funds are invested in the securities of one company. No principal or income, however, shall be loaned, directly or indirectly, to the Investment Trustee or any member of the Board or to anyone else, corporate or otherwise, who has at any time made a contribution to this Foundation, nor to anyone except on the basis of an adequate interest' change and with adequate security. (c) To sell, lease, or exchange any personal, mixed, or real property, at public auction or by private contact, for such consideration and on such terms as to credit or otherwise, an to make such contracts and enter into such undertakings relating to the Foundation property, as it considers advisable, whether or not such leases or contracts may extend beyond the duration of the Foundation. 4 (d) To borrow money for such periods, at such rates of interest, and upon such terms as it considers advisable, and as security for such loans to mortgage or pledge any real or personal property with or without power of sale; to acquire or hold any real or personal property, subject to any mortgage or hold any real or personal property, subject to any mortgage or pledge on or of property acquired or held by this Foundation. (e) To execute and deliver deeds, assignments, transfers, mortgages, pledges, leases, covenants, contracts, promissory notes, releases, and other instruments, sealed or unsealed, incident to any transaction in which it engages. (f) To vote, to give proxies, to participate in the reorganization, merger or consolidation of any concern or in the reorganization, merger or consolidation of any concern or in the sale, lease, disposition, or distribution of its assets; to join with other security holders in acting through a committee, depositary, voting trustees, or otherwise and in this connection to delegate authority to such committee, depositary, or trustees and to deposit securities with them or transfer securities to them; to pay assessments levied on securities or to exercise subscription rights in respect of securities. (g) To hold Foundation property without indication of fiduciary capacity but only in the name of a registered nominee, provided the Foundation property is at all times identified as such on the books of the Foundation fund; to keep any or all of the Foundation property.or funds in any place or places in the United States of America. ARTICLE X -ACCOUNTING Section 1. The Investment Trustee shall render an accounting of the investment transactions concerning the Foundation to the Boazd of Directors at least annually. No person or entity other than the Boazd of Directors may require an accounting or bring any action against the Investment Trustees with respect to the Foundation. The Investment Trustee may at any time initiate legal action or proceedings for the settlement of its accounts and, except as otherwise required by law, the only necessary party defendant to such action or proceedings shall be the Board of Directors. Section 2. The fiscal year of the Foundation shall be from July 1 through June 30th. Section 3. The Board of Directors shall make a report annually of its uses of the Foundation and shall distribute copies thereof to all members at the regular annual meeting held in June. ARTICLE XI -LIABILITY OF TRUSTEES/DIRECTORS Section 1. No Investment Trustee or member of the Board of Directors shall be answerable for loss in investments made in good faith. No Investment Trustee or member of the Board of Directors shall be liable for the acts or omissions of any other member of the Board, or of any accountant, agent, counsel or custodian selected with reasonable care. Each Investment Trustee or member of the Board shall be fully protected in acting upon any instrument, certificate, or paper, believed by him/her to be genuine and to be signed or presented by the proper person or persons and no Investment Trustee or member of the Board shall be under any duty to make any investigation or inquiry as to any statement contained in any such writing but may accept the same as conclusive evidence of the truth and accuracy of the statement therein contained. ARTICLE XII -FOUNDATION Section 1. The Board of Directors may receive donations from the Donors or from any other source in cash or in other property acceptable to them. All donations so received shall be deposited with an Investment Trustee by the Boazd of Directors and thereafter held, managed, administered and disposed of by the Investment Trustee and the Boazd of Directors pursuant to the terms of the Agreement. The Board of Directors may accept donations which restrict their uses and purposes, provided such restrictions aze within the uses and purposes set forth in Article II, and which limit the time, manner, amount, or other terms of distribution; but, unless otherwise specifically required, the Board of Directors may mingle such restricted donations with other assets of the Foundation. ARTICLE XIII -USE OF THE FOUNDATION Section 1. The Board of Directors shall have power to apply the Foundation for the purposes set forth in Article II. In furtherance thereof, the Board of Directors shall have the power and authority and is directed to distribute the distributable income of the Foundation as they may determine, to the uses and purposes set forth in Article II. Section 2. Unless the restricted donation provides otherwise, as used in Section 1, "distributable income" means the total holdings ofthe Foundation, principle and interest, less $2,500 which will serve as the minimum holding of the Foundation. ARTICLE XIV -TERM OF FOUNDATION Section 1. The Foundation shall continue in perpetuity; it may however, at any time be wound up and the assets distributed with the assent of two-thirds of the Board of Directors, the Library Board of Trustees and the Rancho Cucamonga City Council. Upon any such winding up, the assets of this Foundation shall be distributed exclusively for such purpose or purposes, as aze consistent with the purpose of the Foundation. RESOLUTION NO. LFB96-001 A RESOLUTION OF THE RANCHO CUCAMONGA PUBLIC LIBRARY FOUNDATION BOARD OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ESTABLISHING A TIME AND PLACE FOR THE ANNUAL MEETING. WHEREAS, SECTION 2 of Article III of the Bylaws of the Rancho Cucamonga Public Library Foundation establishing a "Foundation" in Article I does provide that an annual meeting of the Library Foundation Boazd shall be established by Resolution of the Library Foundation Board. NOW, THEREFORE, BE IT RESOLVED that the Rancho Cucamonga Public Library Foundation Boazd of the City of Rancho Cucamonga does hereby establish an annual meeting date as follows: SECTION 1: An annual meeting of the Rancho Cucamonga Public Library Foundation Boazd shall be held on the Day of June at p.m. SECTION 2: The annual meeting of the Library Foundation Boazd shall be held at the Rancho Cucamonga Public Library located at 7368 Archibald Avenue, Rancho Cucamonga, California in the Conference Room. PASSED, APPROVED AND ADOPTED this 6th day of November, 1996. AYES: NOES: ABSENT: President ATTEST: Secretary I, ,SECRETARY of the Library Foundation Board of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the Rancho Cucamonga Library Foundation Board, California at a special meeting of the said Board held on the 6th day of November, 1996. Executed this 6th day of November, 1996 at Rancho Cucamonga, Califomia. Secretary 7 NOTICE OF ADJOURNMENT MEETING Notice is hereby given that the Rancho Cucamonga Library Foundation Board at their special meeting held Wednesday, November 6, 1996, adjourned said meeting to Monday, December 9, 1996, at the hour of 6:30 p.m., to be held in the Conference Room at the Rancho Cucamonga Public Library at 7368 Archibald Avenue, Rancho Cucamonga, California. Said adjournment was passed by the following vote: AYES: Barnett, Beasley, Howdyshell, Morison, Pachon, Schmidt, Valenti, Williams NOES: None ABSENT: None ABSTAIN: None Vivian Garcia, Library Administrative Secretary Rancho Cucamonga Public Library November 7, 1996