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Marion County approves final Travis Trust payout to Knoxville Senior Center
Summary
The Board of Supervisors authorized disbursing the remaining Travis Trust funds (approximately $46,000) including interest as a final payment to the Knoxville Senior Center, ending the trust; motion passed unanimously.
Marion County Treasurer Michaela Bigaouette told supervisors on June 9 that the Travis Trust certificate of deposit was maturing and held about $46,000. The county has been distributing about $30,000 annually from the trust to the Knoxville Senior Center per prior requests from the center.
Board Chair Kisha Jahner recommended disbursing the balance of the Travis Trust in a final payment, effectively terminating the trust. The board approved the disbursement on a motion by Supervisor Steve McCombs, seconded by Supervisor Jim Mueller; the motion passed unanimously.
The minutes note the disbursement will include accrued interest; the exact final payout amount beyond the approximate $46,000 balance was not specified in the record. No further conditions or restrictions on the funds were reported in the minutes.
