Dept/ Agency: Recreation, Cultural Affairs and Senior Services Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Accepting a Gift Gift: Bronze Monumental Statue of George P. Floyd, Jr. Purpose: To gift the City of Newark with a statue of George P. Floyd, Jr. Entity Name: Stanley J. Watts Entity Address: 4850 S. Warehouse Road, Kearns, Utah 84118 Gift Value: $3,000,000.00 City Contribution: No municipal funds required Other Funding Source/Amount: $0.00 Contract Period: December 21, 2022 Additional Information: The Memorandum of Understanding for loan of the bronze monumental statute of George P. Floyd, Jr. was adopted by the Municipal Council as Resolution 7R1-a(S) on June 15, 2021.