Subject:
Title
Approval Re: Acceptance of Donations from the Estate of Ms. Marjorie D. Humphreys. Direct Assets be Deposited into a Specifically-Designated Account for the Cocoa Beach Public Library.
End
Fiscal Impact:
Fiscal Year 2020-2021: While an exact number is not known at this point, the fiscal impact would be positive and is expected to provide the Cocoa Beach Public Library a minimum of $125,000, with the possibility of additional funds.
Dept/Office:
Library Services
Requested Action:
Recommendation
It is requested that the Board of County Commissioners:
1) Designate and authorize the Chair to dispose of the property at 128 Uncle Jimmy's Lane, Leesburg, GA as proposed by the attorney for Ms. Humphreys' Estate in the best interest of the County, and contingent upon the approval of the County Attorney's Office.
2) Designate and authorize the County Manager, or designee, to accept and dispose of any further disbursements of personal property received from Ms. Humphreys' Estate , contingent upon approval by Risk Management and the County Attorney's Office.
3) Authorize the Chair to execute any necessary documents, including, but not limited to, agreements, amendments or modifications thereto, accepting, transferring or disclaiming real property associated with Ms. Humphreys' Estate.
4) Authorize the County Manager to execute any necessary budget change requests.
5) End
Summary Explanation and Background:
Marjorie D. Humphreys ("Ms. Humphreys") passed away on August 29, 2020. As part of her last will and testament ("Will"), Ms. Humphreys named Cocoa Beach Public Library as a beneficiary of her Estate. Specifically, Ms. Humphreys' Will provides that Cocoa Beach Public Library is to receive one-fifth (1/5) of her residual estate, which includes the remaining property of every kind and description, after her other specified dispersals. The exact amount the County will receive is unknown at this time. Any funds received from the Estate will be rec...
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