City considers MOU with McPherson County Community Foundation
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Description
The City of Moundridge is considering entering into a Memorandum of Understanding with the McPherson County Community Foundation to manage disaster-related donations on the city's behalf. The agreement would authorize the Foundation to receive, invest, and disburse funds to victims under city direction during emergencies without direct cost to the city.
Contract Details
Vendor
MCPHERSON COUNTY COMMUNITY FOUNDATION
Agency
City of Moundridge, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Effective upon execution; continues until terminated with 30 days' notice
Renewal Info
MOU remains in effect until either party terminates it with 30 days' written notice; upon termination any remaining funds held under the MOU must be transferred to the City as a separate fund.
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