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<br /> Eugene Charitable Solicitations Commission were available for public scrutiny <br /> both through the taxing agencies and in public libraries. He said that the <br /> - foundation board would be receiving its second full audit report at its <br /> December 1, 1982, meeting. He said that copies of the audit report were <br /> available for perusal by donors, council members, and members of the public <br /> with a bona fide interest in the report. <br /> Mr. Snyder was concerned with the fact that today someone had contacted the <br /> foundation's broker and requested private information about the foundation's <br /> investments/holdings. He said that the terms, commitments, and covenants <br /> between donors and the foundation were not a matter of public record unless they <br /> affected the foundation's ability to meet its commitments. ~w. Snyder said <br /> that the foundation had fulfilled its monetary commitments to the City. He said <br /> that he would be happy to respond to questions from councilors regarding the <br /> fiscal integrity of the foundation on a need-to-know basis, but that he would <br /> not discuss matters pertaining to any donor's relation with the foundation. <br /> Mr. Snyder said that the foundation still had to raise $2.1 million to meet its <br /> goal. He said that the endowment income from the foundation would be available <br /> to the center commencing in 1986. <br /> Councilor Ball asked if the procedures and minutes of the foundation were <br /> available to the public. Mr. Snyder said that the foundation's minutes were <br /> subject to audit along with the foundation's financial records. He said that <br /> the minutes contained information on privileged communications between donors <br /> and the foundation and were therefore not available to the public. He noted <br /> that the foundation held annual public meetings and worked in close cooperation <br /> with local arts organizations. <br /> e Councilor Lindberg asked for clarification of the City's relationship to the <br /> foundation. He said the question that had been raised during public testimony <br /> was, as he perceived it, not related to the fiscal integrity of the foundation <br /> so much as to the informational integrity. He said that some members of the <br /> public seemed to feel that the council had delegated responsibility for naming <br /> the center to the foundation. Mr. Lindberg felt that making information available <br /> to the public would clear up this misconception. <br /> Mr. Gleason said that the council had taken action in the past to aid the <br /> foundation in encouraging cash grants and endowments to the center and that one <br /> such action had been to allow the foundation to recommend, subject to council <br /> review, the naming of the center and the two performance halls after significant <br /> providers of service to the community and significant contributors to the <br /> foundation. He noted that the foundation's action was only a recommendation <br /> and that the final decision on naming was left entirely to the council. <br /> Mr. Gleason said that the financial data provided to him by the foundation had <br /> always been timely, accurate, and frequent. <br /> Councilor Lindberg said he was anxious to set at rest concerns expressed by <br /> certain members of the public regarding a possible conflict of interest in the <br /> foundation's selection of the brokerage firm of Foster and Marshall, where Mayor <br /> Keller had until recently been employed, as its broker. Mayor Keller responded <br /> that he had at no time served as broker for the foundation or for the Hult <br /> family and that there was therefore no conflict of interest involved. <br /> e <br /> MINUTES--Eugene City Council November 22, 1982 Page 8 <br />