HomeMy WebLinkAbout911475.tiff RESOLUTION
RE: AUTHORIZE WELD COUNTY TO JOIN WITH OTHER LOCAL GOVERNMENT ENTITIES AS A
PARTICIPANT IN THE COLORADO LOCAL GOVERNMENT LIQUID ASSET TRUST
(COLOTRUST) IN ORDER TO POOL FUNDS FOR INVESTMENT
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 Section 24-75-701, C.R.S. as amended, it is lawful for
any county, city and county, city, town, school district, or special district (a
Local Government Entity) to pool any moneys in its treasury, which are not
immediately required to be disbursed, with the same such moneys in the treasury
of any other Local Government Entity in order to take advantage of short-term
investments and maximize net interest earnings, and
WHEREAS, COLOTRUST is a common law trust formed under the laws of the State
of Colorado in accordance with the provisions of Sections 24-75-601, 24-75-701,
2-47-101, and 2-10.5-101, C.R.S. as amended, regarding the investing, pooling for
investment and protection of public funds, and
WHEREAS, the above referenced Local Government Entity desires to
participate in COLOTRUST.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado that the County of Weld hereby approves and adopts, and thereby
joins as a Participant with other Local Government Entities, that certain
Indenture of Trust entitled the Colorado Local Government Liquid Asset Trust
(COLOTRUST) dated as of January 1, 1985, as amended from time to time, the terms
of which are attached hereto and incorporated herein by this reference.
BE IT FURTHER RESOLVED by the Board that Francis M. Loustalet, Weld County
Treasurer, who is the local government official empowered to invest the funds in
this Local Government Entity's treasury, is hereby designated the "Treasurer",
as that term is defined in the Indenture of Trust, and as such is hereby
designated our official representative to COLOTRUST and shall serve as a member
of the Board of Supervisors of COLOTRUST and is hereby authorized and directed
to execute the Indenture of Trust and such other documents as are required.
BE IT FURTHER RESOLVED by the Board that the COLOTRUST Investment Program
contains two investment portfolios: COLOTRUST A comprised of U.S. Treasury
securities and COLOTRUST B comprised of all investments permitted by law and
authorized by the COLOTRUST Board of Trustees. The "Treasurer" designated above
is hereby authorized to invest in COLOTRUST A and COLOTRUST B.
911475
TROOO7
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RE: AUTHORIZE COLOTRUST PARTICIPATION
BE IT FURTHER RESOLVED by the Board that the Secretary of COLOTRUST, Mr.
Russell H. Pierson, or his successor in function, is hereby designated as the
official custodian of such funds as are deposited in COLOTRUST by Weld County
during such time or times as funds may be on deposit with COLOTRUST.
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 23rd day of December, A.D. , 1991.
hiedaethehl BOARD OF COUNTY COMMISSIONERS
ATTEST: WELD COUN Y, OLORADO
Weld County Clerk to the Board
Gor . Lacy, airman
BY: K '( /07111,A_, , ..� q,,..�t-.
de-i-1- 4,-
Deputy Oerk to the Board Geor a Kennedy, Pro-Tem
APPROVED AS FORM: ��5�-�J, �42-e��
Constance L. Harbert
Count Attorne � /A
Y Y C. W. Kirby
/irk til/aL0
W. H. Webster
911475
CERTIFICATION
The undersigned hereby certify that Weld County has enacted the attached
resolution authorizing Weld County to participate in the Colorado Local
Government Liquid Asset Trust (COLOTRUST) in order to pool funds for investment,
and said resolution is currently in effect.
The undersigned affirm that we have read the Trust's Information Statement
and agree to be bound by its terms.
The undersigned agree that the certifications, instructions, and
authorizations contained in this Trust Registration Form will remain in effect
until the Trust receives written notice of change.
BOARD OF COUNTY COMMISSIONERS
WELD COUN Y, C LORADO
Gordo a 'rman
Geor a Ke nedy, Pro-Tem
/
Constance L.
C. Harbert
W '�Kirby ,
/�// W. H. Webster
ATTEST: 4041/���2�� a 1
Weld County Clerk to the Board
By: ati /(1 / l k-fl 81A-/
Deputy w erk to the Board
911475
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