Fiscal Note
This resolution authorizes the release of $150,000 from the Corscot Trust for the remodeling of new clinic space at the Villager Mall. The current trust fund balance is approximately $377,000.
Title
Release Funds from the Catherine M. Corscot Trust for Public Health Clinic Space.
Body
Preamble:
Catherine M. Corscot (1875-1952) was a member of the City of Madison Board of Health from 1922 until the late 1940s when she retired from the Board because of ill health. For part of this time she served as its president. She was the daughter of John Corscot, a former mayor of the City of Madison. When Catherine died in 1952, her will created a trust to support two family members, with the stipulation that upon their death the remainder of the trust be given to the City of Madison for the maintenance or replacement of the East Washington Avenue Hospital, the hospital for contagious disease maintained by the City of Madison.
The last beneficiary died in 1996. In 1997, the remainder of the trust was given to the City of Madison. Since the East Washington Avenue Hospital had closed in December 1953, the Circuit Court for Dane County ordered that the Catherine M. Corscot Trust be used to aid in the prevention of contagious diseases. The Court stipulated that such funds could not be used to replace or supplement programs already in the operating budget.
“The City of Madison may, in its sole discretion, distribute so much of the principal for the purposes of the charitable Trust for the acquisition or construction of a facility or related equipment for the prevention and treatment of contagious diseases. Authority for the expenditure of such principal shall require an extraordinary two-thirds vote of the Common Council of the City of Madison. Any such acquisition or construction shall publicly recognize the contribution of Catherine M. Corscot.” (Circuit Court in Probate, File No. 69-93-374-A, paragraph C)
Public Health has made very limited use of the Corsco...
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