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TO: Mayor Richard C. Irvin
FROM: Martin S. Lyons, Chief Financial Officer/City Treasurer
DATE: March 20, 2019
SUBJECT:
A Resolution authorizing the acceptance and disbursement of funds raised directly by the City of Aurora and through the Aurora Strong Go Fund Me account on an equal basis to the families of the victims and surviving victim of the Pratt Industries Shooting incident.
PURPOSE:
In order to properly disburse funds, this Resolution establishes the manner in which funds will be distributed and from what sources.
BACKGROUND:
Immediately after the Pratt event, the City as well as community members began efforts to raise funds for the families of the victims and the employee who survived the incident. These efforts included individual fund raising events as well as a Go Fund Me page set up by the City. The City has been consolidating the donations from various sources, and not all sources will be paid through the City. Some donations were made to the Community Foundation as an example.
DISCUSSION:
The fund raising efforts that have been/will be administered by the City have exceeded $360,000. Of this amount approximately $150,000 has come in the form of checks/direct donations and $210,000 from Go Fund Me donations.
Go Fund Me is not a depository or banking institution and requires that donations be accepted out of the account as soon as possible depending on the item being funded. The City will continue to accept transfers from Go Fund Me after the above listed initial transfer, and will also continue to accept direct contributions to this cause.
When the Go Fund Me account was set up, the provision for distribution of funds was simple equal share payout to the victims' families. It was then discovered there was an employee that survived the incident and he will be included in the division of funds. The attached resolution includes this provision.
IMPACT STATEMENT:
This resolution will provide financial relief to the families of the vic...
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