Agenda Text
title
Requesting approval to establish a Private-Purpose Trust Fund for the activities of the SomerPromise Program.
body
Official Text
To the Honorable Board:
I respectfully request approval to establish a private-purpose trust fund for the SomerPromise Program. The SomerPromise Trust Fund will receive donations and grants from a variety of sources to provide services deemed critical for the success of Somerville children and youth.
A detailed purpose description of the Trust is attached.
Respectfully,
Joseph A. Curtatone
Mayor
Amended
At Article 2, included service to all Somerville children 0-18 years old.
At Article 3, incorporated an Alderman on the Board of Trustees.
At Article 13, amended the mechanism for termination of the Trust.