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Board questions lease, insurance and nonprofit status of Iron County Memorial Building Restoration Fund
Summary
Supervisors discussed the Memorial Building’s $34,000 checking balance, need for standardized rental agreements and renter event insurance, ambiguity over whether the restoration fund remains an active 501(c)(3), and inconsistencies between a triple‑net lease and county‑paid capital projects.
The board’s memorial building committee reported that the Memorial Building checking account holds a little over $34,000 and that the committee will begin using a standardized rental agreement and fee schedule.
An insurance agent attended the committee meeting and confirmed general liability and workers compensation are in place for the Iron County Memorial Building Restoration Fund, but recommended the board consider directors-and‑officers liability coverage for committee members and event‑level insurance or proof of renter insurance to further protect the county. "The agent also recommended that renters get event insurance to further protect ... the county," a committee member summarized.
Members raised questions about whether the Restoration Fund is currently recognized as a 501(c)(3); staff said Internal Revenue Service records did not show an active 501(c)(3) designation for the group. The board also noted that although the lease is written as a triple‑net agreement (placing maintenance and improvements on the Restoration Fund), county capital accounts continue to fund building projects; supervisors asked staff to clarify who is legally responsible under the lease and, if the Restoration Fund is not an active nonprofit, to seek a new management arrangement.
Supervisors asked that someone with records for the Restoration Fund attend the next meeting to explain incorporation paperwork and who is the registered contact. The board also discussed potential donation options for a baby grand piano currently at the building and asked staff to prioritize needed maintenance tasks.
