Board of Aldermen 03-09-2021 Page 13
Alderman Clemons
Thank you, Madam President. | have a couple of questions through you to Corporation Counsel if | might.
President Wilshire
Sure.
Alderman Clemons
My first question is does leaving — so on this question if we were to leave the paragraph that we are being
asked to strike in through the Resolution, does that somehow tie that money up or does it somehow fund this
account in any way.
Attorney Bolton
No. It is just a mere statement of what might happen in the future, what you intend to happen in the future at
this moment in time. But that could change as the will of the Board changes. So it is completely non-binding.
Alderman Clemons
And so if | could follow up, so that means that we do not have to remove this paragraph, in other words, to
ensure that the $775,000.00 that is being discussed, that money is not in jeopardy in other words, whether or
not we take this money out, or take this paragraph out or not.
Attorney Bolton
You can take it out, you can leave it in, as a practical matter it has not impact at all.
Alderman Clemons
Thank you, it’s a moot point. | appreciate it. Thank you.
President Wilshire
Alderman Gathright? No? OK. Alright anyone else?
Alderwoman Lu
Yes.
President Wilshire
Alderman Lu.
Alderman Lu
Thank you. Through you to Corporation Counsel, at the last meeting that this was discussed | wondered if
there was something about opening an Expendable Trust Fund, | believe that is what this is and leaving it
unfunded that is prohibited. If we establish this, is there a timeframe in which it must be funded in some way?
Attorney Bolton
No.
