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Pilot Hill board seeks $1 million SPET contribution and a long-term endowment; city to review legality
Summary
Pilot Hill representatives asked the council to include a $1,000,000 SPET contribution to create a permanent funding stream for operations and maintenance, and council staff said the county attorney and state Attorney General would review whether SPET funds can support an endowment.
Sarah Matthews Grama and other Pilot Hill representatives told council members they seek a SPET carve-out to establish a long-term trust or endowment to support ongoing operations of the Pilot Hill Recreation Area. "Our goal is to build a trust worth $10,000,000, to have it spin out what we need," Matthews Grama said, describing estimated annual operating needs of about $200,000 to $300,000. Pilot Hill board member Daniel McCoy told the council, "we will definitely be huge…
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