Laserfiche WebLink
rhl � <br /> LIBRARY <br /> Friends of the Pequot Lakes Community Library <br /> April 29, 2017 <br /> To: Nancy Adams,Mayor <br /> City Council Members: Scott Pederson,Mayor Pro-Tern,Jerry Akerson,Randy <br /> Loukota,Mimi Swanson <br /> Nancy Malecha <br /> Pequot Lakes City Administrator <br /> From: Melissa B.L.Birch <br /> Thomas H.Adams <br /> Friends of the Pequot Lakes Community Library <br /> Re: Friends of Pequot Lakes Community Library Endowment Funds <br /> Purpose of Memorandum <br /> • Provide background on the Endowment Funds held by the City on behalf of the <br /> Friends of the Pequot Lakes Community Library. <br /> • Obtain City agreement to return Endowment funds held to the Friends of the Pequot <br /> Lakes Community Library. <br /> Background <br /> • The Pequot Lakes Library was founded in 2003. <br /> • The Friends of the Pequot Lakes Community Library was incorporated as a 501(c)3 <br /> in August,2009. This was done at the request of the City Auditor,in part,to permit <br /> donations to be made supporting the Library and allow donors to be eligible for a <br /> tax deduction. <br /> • Over the years,support for the Pequot Library has been strong. As a result,virtually <br /> all the expenses of the Library have been covered from donations. This includes <br /> materials, office supplies,required licenses,computers and telephones and general <br /> building improvements as required. In addition,donations paid for the Library <br /> Building that was given by the FoPLCL to the City. <br /> Pequot Lakes Library, 31069 Co. Rd. 112, Pequot Lakes, MN 56472.218-568-6181 <br />