HomeMy WebLinkAbout911477.tiff RESOLUTION
RE: AUTHORIZE WELD COUNTY TO JOIN WITH OTHER LOCAL GOVERNMENT ENTITIES AS A
PARTICIPANT IN THE COLORADO DIVERSIFIED TRUST, FUNDS FOR THE PUBLIC
INVESTOR (CDT) 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 et seq. , C.R.S. as amended, it is
lawful for any county, city and county, city, town, school district, special
district, or instrumentality thereof, or any political or public corporation of
the State of Colorado ("Public 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 Public Entity in order to take advantage of short-term
investments and maximize net interest earnings, and
WHEREAS, Colorado Diversified Trust is a trust formed under the laws of the
State of Colorado in accordance with the provisions of Section 24-75-701 et seq. ,
C.R.S. as amended, for the purpose of pooling monies of Public Entities, which
are not immediately required to be disbursed, in order to take advantage of
short-term investments and maximize net interest earnings, and
WHEREAS, Weld County desires to participate in Colorado Diversified Trust
in accordance with the terms and provisions of the Trust Indenture in order to
pool its surplus funds with other Public Entities.
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 Public Entities pursuant to Section 24-75-701
et seq. , C.R.S, as amended, that certain Indenture of Trust entitled the Colorado
Diversified Trust, Funds for the Public Investor, dated as of May 2, 1990, 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, or his successor in function, who is the local government official
empowered to invest the funds in this 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 our official representative to Colorado
Diversified Trust and shall serve as a member of the Supervisory Board of
Colorado Diversified Trust 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 or appointed by the Supervisory Board
or the Board of Trustees.
911477
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RE: AUTHORIZE CDT PARTICIPATION
BE IT FURTHER RESOLVED by the Board that the "Treasurer" designated above
is hereby authorized to invest from time to time the moneys in this Public
Entity's treasury, which are not immediately required to be disbursed, in the
Colorado Diversified Trust by purchasing Shares in Colorado Diversified Trust
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.
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.
BOARD OF COUNTY COMMISSIONERS
ATTEST: /004400.41 WELD COUN Y, OLORADO
Weld County Clerk to the Board _
/� Gord ac , airman
�9999����BY: ale /L /'"yam 7 iali&L,
Deputy Werk to the Board Geoorrrye Ken edy, Pro-Tem
APPROVED AS TO ORM: �������i
,--� CCConstance L. Harbert
d C`C's ee'Y/X
County Attorney C. W. K/irrbyyy
W. H. Webster
911477
CERTIFICATION
The undersigned hereby certify that Weld County has enacted the attached
resolution authorizing Weld County to participate in the Colorado Diversified
Trust, Funds for the Public Investor Indenture of Trust dated May 2, 1990, as
amended from time to time.
The undersigned affirm that we have read the Trust's Information Statement
and Addendum to Information Statement and Indenture of Trust and agree to be
bound by the terms thereof.
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
WELDOLORADO
Gordo acy, rman
Geeo/orr_S'e_ Ke nedy, Pro-Tem
Constance L. Harbert
C. W. Kir y
W. H.Je ster
jl
ATTEST: 4,.r,i/.✓&theArl
Weld County Clerk to
the Board
a� �By: / iKh4—
Deputy Werk to the Board
911477
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