HomeMy WebLinkAbout20040694.tiff RESOLUTION
RE: APPROVE CREATE TRAFFIC SIGNAL LIGHT TRUST FUND
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, the Board of Weld County Commissioners wishes to create a traffic signal
light trust fund that will act as a revolving fund to fund the installation of traffic signal lights on
county roads, only where said signal lights will be maintained by another entity, and
WHEREAS, in some cases there will be cost sharing of the signal light with private
developers, and other governmental entities, and
WHEREAS, portions of the costs for signal lights may be reimbursed over time as
development occurs in the area, and
WHEREAS, the Director of Public Works, and Director of Finance and Administration
have recommended that a Traffic Signal Light Trust Fund be created to account for this
program, and that the Board of County Commissioners authorizes a revolving fund amount of
five-hundred thousand dollars ($500,000.00) for this fund's purpose with said funds coming from
the Public Works Fund's fund balance.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that the Weld County Treasurer and Accounting Department be, and
hereby are, authorized to create a Signal Light Trust Fund (Trust Fund Number 7079).
BE IT FURTHER RESOLVED by the Board that the Weld County Treasurer be, and
hereby is, authorized to transfer five-hundred thousand dollars ($500,000.00) to the Signal Light
Trust Fund from the Public Works Fund as an advance of funds.
2004-0694
AC0005
CC' : /lc � �/c)
CREATE TRAFFIC SIGNAL LIGHT TRUST FUND
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 8th day of March, A.D., 2004.
BOARD OF COUNTY COMMISSIONERS
W D COUNTY, COLORADO
ATTEST: atetS I .
obert D. Masden, Chair
Weld County Clerk to the
pre . illiam H. Jerke, Pro-Tern
BY: (0-&-i c- e
Deputy Clerk to the Boar.
M. J. 'le
APPROVED AS TO FORM: C
Day' E. Lon
County Attorne
Glenn Vaad
Date of signature: ��9
2004-0694
AC0005
RESOLUTION:
RE: SIGNAL LIGHT TRUST FUND
Whereas, the BOCC
Whereas, the Board of Weld County Commissioners wishes to create a traffic signal light trust fund that
will act as a revolving fund to fund the installation of traffic signal lights on county roads, and
Whereas, in some cases there will be cost sharing of the costs of the signal light with private developers,
and other governmental entities, and
Whereas, portions of the costs for signal lights may be reimbursed over time as development occurs in
the area, and
Whereas, the Director of Public Works, and Director of Finance and Administration have
recommended that a Traffic Signal Light Trust Fund be created to account for this program, and that
the Board of County Commissioners authorizes a revolving fund amount of five-hundred thousand
dollars ($500,000.00) for this fund's purpose with said funds coming from the Public Works Fund's
fund balance.
Now therefore be it resolved, that the Board of Weld County Commissioners hereby authorizes the
County Treasurer and Accounting Department to create a Signal Light Trust Fund (Trust Fund Number
7079), and to transfer five-hundred thousand dollars ($500,000.00) to this funds from the Public
Works Fund as an advance of funds.
The above and ....
trafcsignallighttrustfund
Page 1 of 1
Esther Gesick
From: Don Warden
Sent: Wednesday, March 03, 2004 3:07 PM � /��
To: Esther Gesick ( /
Cc: Keith Meyer
Subject: Traffic Signal Light Trust Fund
Esther,
Please put this resolution creating a traffic signal trust fund on the agenda monday. Thanks, Don
Keith- please note trust fund number for Mona to use (7079) Don
2004-0694
3/3/2004
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