HomeMy WebLinkAbout20213113.tiffRESOLUTION
RE: APPROVE DESIGNATION OF CERTAIN BANKS 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, C.R.S. §30-10-708(1), as amended, states as follows: "In all counties of this
state, the county treasurer shall deposit all the funds and moneys of whatever kind that come into
the treasurer's possession by virtue of the office, in the treasurer's name as treasurer, in one or
more state banks, national banks... that have previously been approved and designated by written
resolution duly adopted by a majority vote of the board of county commissioners, which shall be
entered into its minutes...", and
WHEREAS, Section 11-4(1) of the Home Rule Charter for Weld County, Colorado, states
as follows: "The County Treasurer shall, with prudence, deposit available funds in accordance
with the statutes of the State of Colorado giving preference to Weld County financial institutions,"
and
WHEREAS, the Board of County Commissioners, by and through various resolutions, has
designated a list of banks, and savings and loan associations as depositories for the funds of
Weld County, and
WHEREAS, the Weld County Treasurer has recommended the following list of banks as
depositories for the funds of Weld County:
Bank Accounts
5 Stars Max Verified
Ratings PDPA
4 Stars
4 Stars
5 Stars
Current
Account
FirstBank of Northern Colorado - Greeley
JPMorgan Chase Bank - Columbus, OH
Bank of Colorado Front Range
Mountain View Bank and Commerce -
Westminster
U.S. Bank
Wells Fargo Bank - Sioux Falls, SD
Current
Money Market Accounts
ColoTrust - Prime and Plus
CSAFE - Core and LGIP
PFM / CSIP - LGIP and Term
4 Stars
4 Stars
4 Stars
Ratings
AAA
AAA
AAA
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the above and foregoing banks and savings banks, be, and hereby are,
designated as depositories for the funds of Weld County.
cc:TR(RF/51.), FZ(Dx/3%P)
12/o3/2I
2021-3113
TR0030
DESIGNATION OF CERTAIN BANKS AS DEPOSITORIES FOR WELD COUNTY FUNDS
PAGE 2
BE IT FURTHER RESOLVED by the Board that John L. Lefebvre, Jr., County Treasurer,
be, and hereby is, authorized and instructed to secure such deposits according to law as stated
in C.R.S. §30-10-708, as amended, and that this Resolution shall supersede previous Resolutions
of the Board regarding the same subject.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 8th day of November, A.D., 2021.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: dettifm) JClio:ti
Weld County Clerk to the Board
eputy Clerk to the Board
unty t orney
Date of signature: ) t /lS /2-
2021-3113
TR0030
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