HomeMy WebLinkAbout20253550 Resolution
Approve Designation of Certain Banks and Money Market Investment Accounts as
Depositories for Weld County Funds
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, C.R.S. §30-10-708(1), as amended, states as follows: "In all counties of this
state, the county treasurer shall deposit all the funds and moneys of whatever kind that
come into the treasurer's possession by virtue of the office, in the treasurer's name as
treasurer, in one or more state banks, national banks... that have previously been
approved and designated by written resolution duly adopted by a majority vote of the
board of county commissioners, which shall be entered into its minutes...", and
Whereas, Section 11-4(1) of the Home Rule Charter for Weld County, Colorado, states
as follows: "The County Treasurer shall, with prudence, deposit available funds in
accordance with the statutes of the State of Colorado giving preference to Weld County
financial institutions," and
Whereas, the Board of County Commissioners, by and through various resolutions, has
designated a list of banks, and savings and loan associations as depositories for the funds
of Weld County, and
Whereas, the Weld County Treasurer has recommended the following list of banks as
depositories for the funds of Weld County:
Ratings Verified Current
Bank Accounts (5 Stars Max) PDPA Account
US Bank 5 Stars Yes Yes
Wells Fargo Bank 4 Stars Yes Yes
Current
Money Market Accounts Ratings
ColoTrust— Lgip Prime & Plus S&P AAAm
Csafe — Lgip & Core Fitch AAAmmf
Csip — Lgip & Term S&P AAAm
Now, therefore, be it resolved by the Board of County Commissioners of Weld County,
Colorado, that the above and foregoing banks and savings banks, be, and hereby are,
designated as depositories for the funds of Weld County.
cc:TR(RG/sK) (So/Lb) 2025-3550
oa l uN at,, TR0031
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Designation of Certain Banks and Money Market Investment Accounts as Depositories
for Weld County Funds
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Be it further resolved that Brigitte Grimm, County Treasurer, be, and hereby is,
authorized and instructed to secure such deposits according to law as stated in
C.R.S. §30-10-708, as amended, and that this Resolution shall supersede previous
Resolutions of the Board regarding the same subject.
The Board of County Commissioners of Weld County, Colorado, approved the above
and foregoing Resolution, on motion duly made and seconded, by the following vote on
the 24th day of December, A.D., 2025:
Perry L. Buck, Chair: Excused di.�+-.i,
Scott K. James, Pro-Tem: Aye ��. \ 4 %
Jason S. Maxey: Aye ♦ • l ��
Lynette Peppler: Aye sl
Kevin D. Ross: Aye Aso '.;„� + /
Approved as to Form: `%®� '�/
Bruce Barker, County Attorney
Attest:
Esther E. Gesick, Clerk to the Board
2025-3550
TR0031
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