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Res 21-01 Accepting a generous donation for the Sam and Margaret Lee Arts and Sciences CenterTOWN OF WESTLAKE RESOLUTION NO. 21-01 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, APPROVING THE ACCEPTANCE OF A GENEROUS DONATION TO BE USED EXCLUSIVELY FOR THE ADDITION TO THE SAM AND MARGARET LEE ARTS AND SCIENCES CENTER LOCATED AT 2600 J.T. OTTINGER ROAD. THIS DONATION MUST BE MATCHED BY OUTSIDE SOURCES AND THE MATCHING FUNDS MAY ONLY BE USED FOR THE ADDITION TO THE SAM & MARGERT LEE ARTS AND SCIENCES CENTER. WHEREAS, the Town of Westlake desires to encourage broad community support and involvement in this project through utilization of private donations, gifts, and other private funding sources to enhance this project, as well as ensure its success via the use of a public/private partnerships; and WHEREAS, an anonymous donor has come forward and expressed a desire to provide a generous gift for this project; and WHEREAS, the Town Council acceptance of this generous gift for an additional to the Sam and Margaret Lee Arts and Sciences Center and that is in the best interests of the Town of Westlake and its citizens. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: If any portion of this Resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. SECTION 3: That, the Town Council of the Town of Westlake, hereby accepts a generous donation of $250,000.00 to the Town from a donor wishing to remain anonymous to the extent allowed by law and while respecting the donor's wishes to remain anonymous, t1he Board acknowledges the desire of this donor to apply these funds to be used exclusively for the addition to the Sam and Margaret Lee Arts and Sciences Center located at 2600 J.T. Ottinger Road. Resolution 21-01 Page 1 of 2 SECTION 4: That, the $250,000.00 donation must be matched by outside sources and the matching funds may only be used for the addition to the Sam & Margaret Lee Arts and Sciences Center. Outside sources may include but are not limited to the following: Funds raised by the Westlake Academy Foundation, private organizations, nonprofit organizations and donations made to the Town of Westlake for the use of the Sam & Margaret Lee Arts and Sciences Center addition. The matching funding sources may not include, bonds, federal or state funding or, funds from the general fund balances of the Town or Academy SECTION 5: That this resolution shall become effective from and after its date of passage. PASSED AND APPROVED ON THIS 4th DAY OF JANUARY 2021. ATTEST: Todd Wood, Town Secretary APPROVED AS TO FORM: L. Stanton —Lowry, Town Attorney Laura Wheat, Mayor dll"� /a "�%� - Amanda DeGan, Town Manager TEXPS Resolution 21-0 ] Page 2 of 2