Item Coversheet

City of Marquette, MI
300 West Baraga Avenue
Marquette, MI 49855


Agenda Date: 10/28/2024

Consent Agenda
Release of Kids Cove Maintenance Funds

BACKGROUND: 

The Kids Cove Endowment Fund was established on December 12, 1997 with funds from the Marquette West Rotary Club for the maintenance of the 1996 wooden playground structure.  The fund has grown to $28,629.61 with only two disbursements over its lifetime. 

 

The Marquette West Rotary voted unanimously to approve the following resolution at their August 28, 2024 meeting: "The Board of Directors of the Marquette West Rotary Club requests the transfer of all remaining funds from the Kids Cove Endowment Fund at the Community Foundation of Marquette County to the Playgrounds for All Fund to be used to complete the new Playground for All located at Ellwood Mattson Lower Harbor Park.

 

These funds will be used to pay additional unanticipated costs related to construction of the new playground.  In addition, they will also qualify for a match of funds in the amount of $25,000 that can be used to complete the playground." 

 

Two individual members of the Marquette Playgrounds for All have committed to starting a new maintenance fund for the new playground in the amount of $10,000.


FISCAL EFFECT: 
None with this action

RECOMMENDATION: 
Approve the release of all remaining funds from the Kids Cove Endowment Fund to the "Playground for All - Kids Cove 2" fund to cover construction expenses.

ALTERNATIVES: 
As determined by the Commission.

ATTACHMENTS:
Description
Fund Balance June
Rotary West Minutes
Rotary West Resolution