19 - Laserfiche WebLink

ATTACHMENT 3 Agreement regarding Historic Recognition Program This Agreement is made between Amador-Livermore Valley Historical Society, a California non- profit corporation ("Historical Society"), and Pleasanton Heritage Association, a California non-profit corporation ("PHA"). Recitals A. Both the Historical Society and PHA are organizations approved by the IRS as IRS Code Section 501(c)(3) organizations which promote education and understanding of Pleasanton local history. B. Jean Jones died in 2015. In her will, Jean Jones donated her home and estate to the City of Pleasanton with direction that if the City could not use the home as a museum or related use that her estate assets be used for historical building preservation purposes. C. In implementation of Jean Jones will, the City (Beneficiary) determined that it was infeasible to use Jean Jones home at 309 Neal Street as a museum. The City has directed that the home and remaining assets be consolidated into cash for disposition in accordance with the testator's direction. D. The Executor of Jean Jones will, Peter MacDonald, has determined and proposed that the use of Estate assets most compatible with the testator's wishes is to put the money into an endowment for the Historical Society ("Jean Jones Endowment Fund" or"Endowment"). The Historical Society has established that Endowment Fund and initiated plans for special displays within the Museum on Main preserving the historical information about 309 Neal Street, and early Pleasanton. The Executor has determined that use, and general support for the Historical Society, are consistent with the will, and that an endowment is the use most closely approximating the testator's desires and most likely to support historic preservation in Pleasanton over the long run. E. PHA has instituted a program of historic recognition and education memorializing historic buildings in Pleasanton with annual awards of recognition providing plaques located on the historic building and providing historic information. The success of the PHA Historic Recognition Program would be greatly enhanced by long term funding for the cost of procuring and installing the historic plaques. F. The Historical Society desires to provide long term funding for the PHA Historic Recognition Program using the Jean Jones Endowment as the funding source.