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STRATEGIC OUTCOMES |
ACTION |
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Department: |
☐ Safe & Prosperous |
☒ Motion |
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Parks & Recreation |
☐ Active & Appealing |
☐ Resolution |
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☒ Respected & Responsible |
☐ Ordinance - Introduction |
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Division: |
☐ Connected & Engaged |
☐ Ordinance - Adoption |
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Administration |
☐ Unique & Creative |
☐ Public Hearing |
TITLE: t
Endowment Acceptance: Jones and Brigida Osborn Trust
end
SUMMARY RECOMMENDATION: Summary Recommendation
Accept the Jones and Brigida Osborn $1 Million Legacy Gift to benefit the City of Yuma Parks and Recreation Department in the form of annual disbursements from the Jones and Brigida Osborn Charitable Remainder Annuity Trust. (Eric Urfer/Doug Allen)
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STRATEGIC OUTCOME:
The purpose of the fund is to assist in establishing and improving family oriented recreational facilities in the City of Yuma. As such, these funds will be used to further the park revitalization efforts throughout the Yuma Parks system, aligning with the City Council’s strategic outcome of Respected and Responsible.
REPORT:
A $1 million legacy gift was established at the Arizona Community Foundation to benefit the City of Yuma Parks and Recreation Department, made possible by the generosity of the late Mr. and Mrs. Jones and Brigida Osborn. Mr. Jones Osborn was a former Arizona State Senator. His dedication to public service began during his tenure in the U.S. Army, where he served as a commissioned officer during World War II earning several commendations.
During his time in the Senate, Mr. Osborn authored several landmark pieces of legislation and initiatives. Osborn’s legacy extended beyond his legislative accomplishments. As editor of the Yuma Sun, he lobbied for significant changes in local government to enhance transparency and efficiency. This gift marks a pivotal moment in the ongoing legacy of public service and community development championed by Jones Osborn and his late wife Brigida. Yuma residents and future generations will continue to be positively impacted by the Osborn’s philanthropic spirit. This gift has been used to establish an Endowment Fund which the City will be the sole recipients of the annual fund disbursements of approximately $46,000.
FISCAL REQUIREMENTS:
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CITY FUNDS: |
$ 0.00 |
BUDGETED: |
$ 0.00 |
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STATE FUNDS: |
$ 0.00 |
AVAILABLE TO TRANSFER: |
$ 0.00 |
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FEDERAL FUNDS: |
$ 0.00 |
IN CONTINGENCY: |
$ 0.00 |
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OTHER SOURCES: |
$ 0.00 |
FUNDING: ACCOUNT/FUND #/CIP |
TOTAL $ 0.00
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To total; right click number & choose “Update Field” |
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FISCAL IMPACT STATEMENT:
NONE
ADDITIONAL INFORMATION:
SUPPORTING DOCUMENTS NOT ATTACHED TO THE CITY COUNCIL ACTION FORM THAT ARE ON FILE IN THE OFFICE OF THE CITY CLERK:
NONE
IF CITY COUNCIL ACTION INCLUDES A CONTRACT, LEASE OR AGREEMENT, WHO WILL BE RESPONSIBLE FOR ROUTING THE DOCUMENT FOR SIGNATURE AFTER CITY COUNCIL APPROVAL?
☐ Department
☐ City Clerk’s Office
☐ Document to be recorded
☐ Document to be codified
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Acting City Administrator: |
Date: |
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John D. Simonton |
01/27/2025 |
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Reviewed by City Attorney: |
Date: |
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Richard W. Files |
01/27/2025 |