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Cascade City Council approves account to accept stock gift for library, donor-backed tool-lending plan
Summary
The Cascade City Council unanimously approved Resolution 111-25 on Dec. 8, 2025 to open an account with DA Davidson to accept shares donated for the Cascade Public Library. The donor intends the proceeds to fund a tool-lending library; operational details and maintenance responsibilities remain to be worked out.
The Cascade City Council on Dec. 8, 2025 unanimously approved Resolution 111-25 to open an account with DA Davidson so the city can accept a donation of shares for the Cascade Public Library and convert the gift to cash for library use.
Speaker 3 introduced the resolution, which the council discussed during the special meeting. Speaker 2 said the donor intends the gift to fund a tool-lending library. "It's gonna be, the person making the donation wants a tool library at the library," Speaker 2 said, adding that small items would be kept in the library's mechanical room and larger tools might be housed by Cascade Lumber.
Speaker 2…
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