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IV.4. Resolution Accepting Gifts and Donations Received by the City in 2025; Bishop CITY OF HOPKINS City Council Report 2026-018 To: Honorable Mayor and Council Members Mike Mornson, City Manager From: Nick Bishop, Finance Director Date: February 17, 2026 Subject: Accept 2025 Gifts and Donations _____________________________________________________________________ RECOMMENDED ACTION MOTION TO adopt Resolution 2026-008 Accepting Gifts and Donations Received by the City in 2025. OVERVIEW Minnesota State Statute 465.03 requires that the City Council officially accept gifts to the City through a resolution. The attached resolution includes all gifts and donations received throughout 2025, totaling $40,607.51. Certain gifts and donations are reflected in the annual budget due to their recurring nature. Acceptance of additional gifts or donations may result in additional or offsetting expenditures. Acceptance of 2025 Gifts and Donations will not create any additional long-term costs or expenditures for the City. SUPPORTING INFORMATION • Resolution 2026-008 Accepting Gifts and Donations Received by the City in 2025 Finance Department CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2026-008 RESOLUTION ACCEPTING GIFTS AND DONATIONS RECEIVED BY THE CITY IN 2025 WHEREAS, MN Statute 465.03 requires that cities accept donations for the benefit of its residents in accordance with the terms prescribed by the donor; and WHEREAS, MN Statute 465.03 requires that all gifts and donations be accepted only with the adoption of a resolution of the governing body by two-thirds of its members; and WHEREAS, additional revenues received may require the City to incur additional expenditures in order to comply with restricted donations; and WHEREAS, the City has received the following gifts and donations during 2025: Donor Amount Designated Use Anonymous 1,150.50 Arts Center Depot Gala Silent Auction 310.77 Depoty Youth Advisory Board Donations through ActiveNet Registration 13,830.26 Activity Center Donations through AudienceView Ticketing 840.00 Arts Center Friends of HCA 17,000.00 Arts Center Fundraising 5,931.98 Activity Center Sonus Interiors 500.00 Depot Youth Advisory Board Payroll Contributions 314.00 Activity Center Payroll Contributions 240.00 Depot Payroll Contributions 490.00 Arts Center NOW THEREFORE BE IT RESOLVED, that the gifts and donations are hereby officially accepted by City Council with acknowledgement and gratitude to the donors. Adopted by the City Council of the City of Hopkins this 17th day of February, 2026. By:___________________________ Patrick Hanlon, Mayor ATTEST: _______________________________ Amy Domeier, City Clerk