$40,000 Developer Donation to CIty

$40,000 "Developer" Donation to the City:

Who, or what corporate entity was the source(s) of these funds?

And did the council give approval to accept?

Transcription of Interim Finance Director Gordon Hey's Inadvertent disclosure during Oct. 12, 2006 cuncil meeting (in Word)

Sultan Code related to acceptance and handling of donations:

3.68.010 Acceptance of money or property authorized.

Pursuant to RCW 35.21.100, the city, by a majority vote of the council, is authorized to accept any money or property donated, devised or bequeathed to it and to carry out the terms of the donation, devise or bequest if within the powers granted by law. If no terms or conditions are attached to the donation, devise or bequest, the city may expend or use the same for any municipal purpose; provided, however, that if the monetary value of the donation is less than $500.00, the city may accept the donation without a vote of the city council. (Ord. 533, 1989; Ord. 526, 1989)
3.68.020 Funds and accounting procedures.

The city clerk/treasurer is authorized and directed to establish such funds and accounting procedures as may be necessary to carry out the terms or conditions of any donation, devise or bequest, in accordance with the laws of the state of Washington and requirements prescribed by the Office of the State Auditor. (Ord. 526, 1989)