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HomeMy WebLinkAbout11 - Lenahan Estate BequestCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 11 February 8, 2011 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: LIBRARY SERVICES Cynthia Cowell, Library Services Director 949 - 717 -3810, ccowell(c�newportbeachca.gov Jana Barbier, Cultural Arts Coordinator 949 -717 -3870, jbarbier(anewportbeachca.gov SUBJECT: Lenahan Estate Bequest 16.111:9 Should the City Council approve a request to accept a bequest from the Lenahan Estate Trustees (C. Tucker Cheadle, Esq., C. Tucker Cheadle; and Tom Walley, Esq., Good, Wildman, Hegness & Walley) of a collection of paintings by Elisabeth Wiltrout Longridge and funds in the amount of Fifty Thousand Dollars ($50,000). RECOMMENDATION: Recommend acceptance by the City Council of the bequest on behalf of the City of Newport Beach in accordance with Council Policy 1 -11, "Donation of Art to the City of Newport Beach." Approve a Budget Amendment to increase revenue estimates by $50,000 in Account No. 4093- 5901 (Designated Gifts - Private Donations /Contributions). Expenditure estimates will be increased by the same amount in Division 4093 (Designated Gifts). FUNDING REQUIREMENT: With the approval of the recommended Budget Amendment, this gift money will be used to enhance the Arts collection in the expenditure account as indicated below. 4093 -8200 (Designated Gifts — Special Department Supplies).. ...... ........................ $50,000 Total Amount of Check $50,000 DISCUSSION: The Newport Beach City Arts Commission ( "Arts Commission ") voted, by unanimous decision (7 yes, 0 no,) at its regular meeting on Thursday, January 13, 2011, to recommend that the Newport Beach City Council accept, on behalf of the City, a bequest from the Lenahan Estate of a collection ( "Collection ") of paintings by Elisabeth Wiltrout Longridge and funds in the amount of Fifty Thousand Dollars ($50,000) ( "Funds. ") It is anticipated that the Arts Commission will assess the entire Collection and recommend that a selection of certain artwork(s) be accepted into the City's permanent art collection. This work will be prepared for display in the City and appropriate donor recognition provided, such as a plaque recognizing the artist's name and donation. The remaining collection, if any, may be utilized by the City in one or more of the following ways: a. selected art work(s) will be donated to the Balboa Yacht Club as suggested by the Lenahan Estate; b. a public art sale; c. donation to the Oasis Senior Center for use in their annual sale or otherwise at their discretion; and /or d. donation to other entities The Funds will be used to defray the costs of the foregoing. The remaining Funds, if any, will be utilized by the City, after recommendation from the Arts Commission, for the City's arts- related matters but will not be used for operational costs of the Arts Commission or the City. When appropriate, donor recognition will be provided. The bequest, which is both the Collection and Funds, will be utilized by the City in its sole discretion. ENVIRONMENTAL REVIEW: This action is not subject to the California Environmental Quality Act ( "CEQA ") pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. The requested action consists of accepting the Funds and the Collection and will not result in a direct or reasonably foreseeable indirect physical change. NOTICE: Notice of this item was provided pursuant to the Ralph M. Brown Act 72 hours prior.to the City Council's meeting. and Submitted By: is Cowell, Library Services Director Jana Barbier, Cultural Arts Coordinator (949) 717 -3870 2 Lenahan Estate Bequest February 8, 2011 — City Council Agenda Example of art style in collection n' f dq ., i , 4 City of Newport Beach BUDGET AMENDMENT 2010 -11 EFFECT ON BUDGETARY FUND BALANCE: Increase Revenue Estimates Pq Increase Expenditure Appropriations AND Transfer Budget Appropriations SOURCE: from existing budget appropriations X from additional estimated revenues from unappropriated fund balance EXPLANATION: NO. BA- 11BA -029 AMOUNT: $50,000.00 P XIncrease in Budgetary Fund Balance Decrease in Budgetary Fund Balance No effect on Budgetary Fund Balance This budget amendment is requested to provide for the following: To increase revenue estimates and expenditure appropriations to accept a bequest from the Lenahan Estate Trustees consisting of a collection of paintings by Elisabeth Wiltrout Longridge and funds in the amount of $50,000. ACCOUNTING ENTRY: BUDGETARY FUND BALANCE Fund Account REVENUE ESTIMATES (3601) Fund /Division Account 4093 5901 EXPENDITURE APPROPRIATIONS (3603) Division Number 4093 Account Number 8160 Division Number Account Number Division Number Account Number � y ✓/" Financial Description Description Designated Gifts - Private Donations /Contributions Description Designated Gifts Maintenance and Repair NOC Administrative Approval: City Manager City Council Approval: City Clerk Debit Credit $50,000:00 $50,000.00 Date Date