TO: Mayor and Commissioners
FROM: Janai Bowens, City Manager Department
THROUGH: Terrence R. Moore, ICMA-CM
DATE: July 16th, 2024
Title
CARON FOUNDATION SETTLEMENT PRESENTATION
Body
Recommended Action:
Recommendation
Review and consider the use of Caron Foundation funds to support local education initiatives and other external opportunites.
Body
Background:
The purpose of the presentation is to provide clarification regarding the Caron Foundation Settlement, including history of the amendments, accruals, expenditures, and its use as a funding source for grants in the City of Delray Beach. Staff will seek clarification regarding future use and external opportunities relating to the funds.
City Attorney Review:
N/A
Funding Source/Financial Impact:
N/A.
Timing of Request:
N/A