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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 told the council the donated shares "will liquidate it into cash. We will get that to our checking account, then this account will be closed." Council members asked about operations, safety and maintenance. Speaker 1 raised concerns about inspecting returned tools and who would perform maintenance: "If somebody checks something out, they bring it back to us, who's gonna check it over? Like, has it been broken? Is it still work? Does it need maintenance?" Speaker 2 said some of those details are still being worked out and that Cascade Lumber may assist with larger items.
On usage limits and liability, Speaker 2 said the city is drafting an agreement so anyone who checks out a tool must be at least 18 and sign a waiver. "It's basically a waiver saying if you check out a saw, and you cut a finger off, you're not gonna come back after the city or the library," Speaker 2 said.
Speaker 2 identified the donor as Ron Radloff; Speaker 1 named family members associated with the gift (Amy, Nick, Mary and Matthew). Speaker 3 asked whether the city should publicly recognize the donation; Speaker 2 said a sign naming the gift in Radloff's memory would be installed when the donation is received.
Speaker 1 moved to approve the resolution; Speaker 3 recorded the motion as "Motion by Delaney" with a second by Weber. The council voted verbally in sequence and each member responded "Aye," approving the resolution unanimously. The account will be opened with DA Davidson to accept the shares, the shares will be liquidated into cash and the DA Davidson account will be closed after the transfer, according to remarks during the meeting.
The council adjourned after the vote. Several operational matters — including detailed maintenance responsibilities, the final list of tools to be purchased, and the formal waiver language — were not finalized in the meeting and remain to be resolved by staff and partners.
