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File #: RES 22-008    Version: 1 Name:
Type: Resolution Status: Passed
File created: 1/3/2022 In control: City Council
On agenda: 1/11/2022 Final action: 1/11/2022
Title: Action on Resolution 22-008, a Resolution Approving Brookings Scholarship Program Funding.
Attachments: 1. Memo, 2. Resolution, 3. South Dakota State University Foundation Scholarship Proposal, 4. South Dakota Board of Regents Economic Impact Study

Title

Action on Resolution 22-008, a Resolution Approving Brookings Scholarship Program Funding.

Body

Summary:

A scholarship program for Brookings area youth is presented for Council consideration.  Approximately $100,000 a year for five years would fund the scholarships from the Brookings Municipal Liquor Store reserves.  If approved, staff recommends annually $80,000 would be committed to the South Dakota State University Foundation and $20,000 towards South Dakota Technological Colleges.  Details of the plan are attached and provided below.

 

Recommendation

Recommendation:

Staff recommends approval.

 

Body2

Attachments:

Memo

Resolution

South Dakota State University Foundation Scholarship Proposal

South Dakota Board of Regents Economic Impact Study