Vote: held

Item Text

26. REDISTRIBUTION OF DONATED FUNDS Authorize the Department of Finance to redistribute donated funds, in a not-to-exceed amount of $40,000 (plus interest), that were received from Mr. Max Wilson (Agenda C-62-07-003-M-00, dated June 20, 2007) for the purpose of capital improvements at the Maricopa County Events Center, to the Banner Olive Branch Senior Center by the end of FY 09. These donated funds, which have been held in an interest-bearing account and have not been expended, are being redirected in accordance with the directions of the original donor, Mr. Max Wilson. On June 20, 2007, the Maricopa County Board of Supervisors accepted a personal donation in the amount of $40,000 from Mr. Max Wilson (C-62-07-003-M-00). These funds were donated for capital improvements at the Maricopa County Events Center; these funds have been held in an interest-bearing account and have not been expended. In January 2009, the Maricopa County Events Center was returned to the Arizona Board of Regents. In accordance with the wishes and the direction of Mr. Max Wilson, these funds are to be re-directed to the Banner Olive Branch Senior Center in Sun City, Arizona, by the end of fiscal year 2009. (C-71-09-007-2-00)