[Ord. No. 497, 11-9-2016]
A.
For
the purposes of this Chapter:
- CONDITIONAL GIFT
- A testamentary or living gift and for which the donor restricts the specific use or uses of all or part of the donated property to a particular purpose or conditions the vesting of the gift in the City on the occurrence of a future event.
- GIFT RECEIPT AND ACKNOWLEDGMENT
- A document executed by the Mayor accepting the gift and including a statement that nothing of value was given in exchange for the gift, a statement describing the gift and its value, the status of the City of Lake Waukomis as a governmental entity organized pursuant to Missouri Statute as a City of the Fourth Class, and a statement that the gift will be used exclusively for a public purpose.
- MONEY
- Means cash or check.
- PROPERTY
- Means money or real and/or tangible personal property of whatsoever kind or nature.
- UNCONDITIONAL GIFT
- A testamentary or living gift without restriction or condition.
[Ord. No. 497, 11-9-2016]
The Mayor or the Mayor’s designee shall have responsibility
for the administration of all gifts.
[Ord. No. 497, 11-9-2016]
All gifts shall be used exclusively for public purposes.
[Ord. No. 497, 11-9-2016]
Unconditioned gifts of money may be accepted by the Mayor. Conditional
gifts and gifts of physical personal property may be accepted only
by the Board of Aldermen of the City of Lake Waukomis by duly enacted
ordinance.
[Ord. No. 497, 11-9-2016]
All gifts upon receipt shall be acknowledged by a written gift
receipt and acknowledgment executed by the Mayor.
[Ord. No. 497, 11-9-2016]
All gifts shall be recorded in the records of the City and shall
include notation of the date of the gift, value of the gift, name
of the donor, and, if applicable, the citation to the ordinance accepting
the gift. All records shall be retained by the City for a minimum
of six (6) years after the completion of the transfer of the gift.
