HomeMy WebLinkAbout20112799.tiff RESOLUTION
RE: AUTHORIZE WELD COUNTY TO PARTICIPATE IN THE COLORADO STATEWIDE
INVESTMENT PROGRAM, MONEY MARKET FUND: "PFM ASSET MANAGEMENT"
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, pursuant to Section 24-75-701, C.R.S., et seq., it is lawful for any county,
city and county, city, town, school district, special district, or instrumentality thereof, or any
political or public corporation of the State of Colorado ("Public Entity") to pool any monies in its
treasury, which are not immediately required to be disbursed, with the same such monies in the
treasury of any other Public Entity in order to take advantage of short-term investments and
maximize net interest earnings, and
WHEREAS, the Colorado Statewide Investment Program is a trust formed under the
laws of the State of Colorado in accordance with the provisions of Section 24-75-701, C.R.S., et
seq., for the purpose of pooling monies of Public Entities, which are not immediately required to
be disbursed, in order to take advantage of short-term investments and maximize net interest
earnings, and
WHEREAS, Weld County desires to participate in said pools in accordance with the
terms and provisions of the trusts in order to pool its surplus funds.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the County of Weld hereby approves and adopts, and thereby joins as a
Participant pursuant to Section 24-75-701, C.R.S., et seq., in the Colorado Statewide
Investment Program, Money Market Fund: "PFM Asset Management".
BE IT FURTHER RESOLVED by the Board that John Lefebvre, Weld County Treasurer,
or his successor in function, who is the local government official empowered to invest the funds
in this Public Entity's treasury, is hereby designated the "Treasurer", as defined in the Pool
Agreements, and as such is hereby designated Weld County's official representative to the
Colorado Statewide Investment Program and is hereby authorized and directed to execute the
documents as are required and to serve as a member of the Board of Trustees if elected or
appointed by the Supervisory Board or the Board of Trustees.
BE IT FURTHER RESOLVED by the Board that the "Treasurer" designated above is
hereby authorized to invest from time to time the monies in this Public Entity's treasury, which
are not immediately required to be disbursed, in the Colorado Statewide Investment Program,
Money Market Fund: "PFM Asset Management," by purchasing Shares in it with available funds,
and to redeem some or all of those Shares from time to time as funds are needed for other
purposes.
LC c"-1 ������ � � 2011-2799
\\-- D-- \1 TR0026
AUTHORIZE WELD COUNTY TO PARTICIPATE IN THE COLORADO STATEWIDE
INVESTMENT PROGRAM, MONEY MARKET FUND: "PFM ASSET MANAGEMENT"
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 24th day of October, A.D., 2011.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: �/1 � ? /
Wirbara Kirkmeyer, Chair
Weld County Clerk to the Board p
' E La can P. C w y, Pro-Tem
BY: k J n-vLi,
Deputy CI k to the Boar
ISM ' 04._ . Garcia
VED RM: ? A �/ ` e
vid E. Long
ounty Attorney
oug as ademach
Date of signature /1-i //
2011-2799
TR0026
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