HomeMy WebLinkAbout921152.tiff RESOLUTION
RE: AUTHORIZE FILING OF LITIGATION TO RECOVER DAMAGES AND FUNDS LOST AS A
RESULT OF INVESTMENTS WITH INSTITUTIONAL TREASURYMANAGEMENT (ITM)
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 of-fairs of Weld County, Colorado, and
WHEREAS, the Board previously retained the law firm of Phillips, Haglund,
Haddan, and Jeffers, of Newport Beach, California, to assist in the recovery of
funds invested with Institutional Treasury Management, and
WHEREAS, the law firm of Phillips, Haglund, Haddan, and Jeffers, has
recommended the filing of a civil complaint against persons who either acted in
concert with Institutional Treasury Management andSteven D. Wymer to defraud the
County of Weld, or failed to meet obligations to the County in accordance with
Federal and Colorado statutes or common law duty, and
WHEREAS, the Board and the Weld County Treasurer deem it necessary to bring
legal action against those parties to recover the missing funds.
NOW, THEREFORE, BE IT RESOLVED by the Board ofCounty Commissioners of Weld
County, Colorado, that the law firm of Phillips, Haglund, Haddan, and Jeffers,
be, and hereby is, authorized to file on behalf of the Board of County
Commissioners of Weld County, Colorado, and the Weld County Treasurer, a law suit
against those parties identified as having acted in concert with Institutional
Treasury Management and Steven D. Wymer to defraud the County of Weld and against
those who have failed to meet their obligations under statutory, regulatory, and
common law in conformance with the Engagement Letter accepted and agreed to by
this Board on January 15, 1992.
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote the 9th day of December, A.D. , 1992.
if �l // BOARD OF COUNTY COMMISSIONERS
ATTEST: / - , 1�J7 WELD CO NTY, COLORADO
Weld County Clerk to the Board
etaCte G ore Ken edy, Chairman
BY: /
Deputy Clleer ._to the Board Constance L. Harbert, Pro-Tem
APPROVED AS TO" FORM: .�.
C. W. Kir
i
67
County Attorney Go . ac
W. H.W. H. Webste
921152
4cco8 zr,. CA , I P,
Hello