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HomeMy WebLinkAbout880931 RESOLUTION RE: APPROVE DESIGNATION OF BANKS AND SAVINGS AND LOAN ASSOCIATIONS 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, Section 30-10-708 , CRS, as amended, states as follows: "In all counties of this state, the county treasurer shall deposit all the funds and monies of whatever kind that come into his possession by virtue of his office, in his name as such treasurer, in one or more state banks , national banks having their principal offices in this state, or in compliance with the provisions of article 47 of title 11 , CRS, savings and loan associations having their principal offices in this state which have theretofore been approved by a majority vote of the board of county commissioners , which shall be entered in the minutes. . . " WHEREAS, the Board of County Commissioners of Weld County, Colorado, deems it in the best interest of Weld County to designate the following banks as depositories for the funds of Weld County: The Bank of Greeley Bank of Windsor Cache National Bank Central Bank of Greeley Citizens State Bank Keenesburg Colorado National of Greeley The Eaton Bank Eaton Industrial flank Farmers National of Ault First Colorado Bank First National of Johnstown First National of Windsor Fort Lupton State Bank Greeley National Bank Kersey State Bank Platteville State Bank Union Colony Bank United Bank of Greeley United Bank of LaSalle Valley Bank of Frederick 880931 7k" t Page 2 RE: DEPOSITORIES FOR FUNDS WHEREAS, the Board of County Commissioners of Weld County, Colorado, further deems it in the best interest of Weld County to designate the following savings and loan associations as depositories for the funds of Weld County: Commercial Federal Savings (Empire Savings) Bank Western Columbia Savings First Northern Savings Sun Savings of Colorado CSAFE ColoTrust NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the above and foregoing banks and savings and loan associations be, and hereby are, designated as depositories for the funds of Weld County. BE IT FURTHER RESOLVED by the Board that the County Treasurer, Francis M. Loustalet, is authorized and instructed to secure said deposits according to law as stated in Section 30-10-708 , CRS, as amended. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 26th day of September, A.D. , 1988 . BOARD OF COUNTY COMMISSIONERS ATTEST: 12Y4-41k%"1"14&) WEL OUNTY, CO ORADO Weld County Clerk and Recorder and Clerk to the Board Gene R. Brantper, Chairman WBY: i' /6Q/ C. ^ . Kir �Tem Deputyounty erk APPROVED AS TO FORM: Ja gu nn` .hnson C 1- )�2 Gor::" O a County Attorney Frank =maguchi 880931 (Kit OFFICE OF THE COUNTY TREASURER FRANCIS M.LOUSTALET COUNTY TREASURER PHONE(303)356-4000, EXT.4459 P.O.BOX 458 GREELEY,COLORADO 80632 UP € September 21, 1988 COLORADO TO THE HONORABLE BOARD OF COUNTY COMMISSIONERS: The Treasurer's Office requests of the Board a resolution pursuant to Section 30-10-708 CRS, approving the designation of the following banks and savings and loan associations as depositories for Weld County funds: The Bank of Greeley Bank of Windsor Cache National Central Bank of Greeley Citizens State Bank Keenesburg Colorado National of Greeley The Eaton Bank Eaton Industrial Bank Farmers National of Ault First Colorado Bank First National of Johnstown First National of Windsor Fort Lupton State Bank Greeley National Bank Kersey State Bank Platteville State Bank Union Colony Bank United Bank of Greeley United Bank of LaSalle Valley Bank of Frederick Commercial Federal Savings (Empire Savings) Bank Western Columbia Savings First Northern Savings Sun Savings of Colorado CSAFE ColoTrust Please note Eaton Industrial Bank, although it is an industrial bank, is insured by the FDIC. Funds that will be placed in this bank will be less than the FDIC maximum of $100,000. C SAFE and ColoTrust are approved under Colorado statues to receive public funds. Sincerely, FRANCIS M. LOUSTALET TREASURER, WELD COUNTY 880931 Hello