HomeMy WebLinkAbout890941.tiff RESOLUTION
RE: AUTHORIZE WELD COUNTY TO JOIN WITH OTHER PUBLIC ENTITIES IN
THE JEFFERSON COUNTY COLORADO SURPLUS FUNDS TRUST (JEFFTRUST)
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 C.R.S. 24-75-701, et seq. , as amended,
it is lawful for any County, City and County, City, Town, School
District, or Special District ("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, JEFFTRUST is a trust formed under the laws of the
State of Colorado in accordance with the provisions of C.R.S.
24-75-601, et seq. , C.R.S. 24-75-701 , et seq. , C.R.S. 11-10.5-101,
et seq. , and C.R.S. 11-47-101 et seq. , all as amended, for the
purpose of investing, pooling for investment, and protecting
public funds, and
WHEREAS, after review, Weld County desires to be a
participant in JEFFTRUST in accordance with the terms and
provisions thereof.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, as follows:
1 . Weld County hereby approves and adopts, and thereby
joins as a Participant with other Public Entities
pursuant to C.R.S. 24-75-701, et seq. , as amended, that
certain Indenture of Trust entitled the Jefferson County
Colorado Surplus Funds Trust (JEFFTRUST) dated as of
September 27, 1988 , as amended from time to time, the
terms of which are attached hereto and incorporated
herein by reference.
2. Francis M. Loustalet, who is the local government
official empowered to invest the funds in the Public
Entity' s treasury, is hereby designated the "Treasurer"
as that term is defined in the Indenture of Trust, and
as such is hereby designated as this Public Entity' s
official representative to JEFFTRUST and shall serve as
a member of the Board of Supervisors of JEFFTRUST and is
hereby authorized and directed to execute the Indenture
of Trust and such other documents as are required and to
serve as a member of the Board of Trustees if elected by
the Supervisory Board.
890941
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RE: AUTHORIZE PARTICIPATION IN JEFFTRUST
3 . The "Treasurer" designated in Section 2 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 JEFFTRUST by purchasing
Shares in JEFFTRUST from time to time with available
funds, and to redeem some or all of those Shares from
time to time as funds are needed for other purposes.
4 . The Board of Trustees of JEFFTRUST, or their successors
in function, is hereby designated as the official
custodian of such funds as are deposited in JEFFTRUST by
this Public Entity during such time or times as funds
may be on deposit with JEFFTRUST.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 11th day of
September, A.D. , 1989 .
ry BOARD OF COUNTY COMMISSIONERS
ATTEST: 'G1tet. ', t WELD COUNTY, COLORADO
Weld County Clerk and Recorder
and Clerk to the Board C.W. Kirby, C airman
7
/� EXCUSED
BY: //Gt≥/ , , Jacq ine John , Pro- em
Deputy/Coun.Eyerk �
APPROVED AS TO FORM:
ene R. Brantner
George Kenn y
J
County Attorney '
Gord L
890941
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