HomeMy WebLinkAbout20160587.tiff RESOLUTION
RE: APPROVE DESIGNATION OF PUBLIC ASSET POOLS 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, pursuant to Part 7 of Article 75 of Title 24, C.R.S., Weld County may pool any
moneys in its treasury which are not immediately required to be disbursed, with the same such
moneys in the treasury of other Colorado political subdivisions in order to take advantage of short-
term investments and maximize net interest earnings, and
WHEREAS, the Board of County Commissioners of Weld County, Colorado, deems it in
the best interest of Weld County to designate the following Colorado public asset pools and money
market accounts as depositories for the funds of Weld County:
CSAFE
ColoTrust— Prime
ColoTrust— Plus
PFM Asset Management 2a-7
WHEREAS, pursuant to Part 6 of Article 75 of Title 24, C.R.S., the County Treasurer may
invest the funds in his custody or possession in those securities set forth in Section 24-75-601.1
(1), C.R.S.
NOW THEREFORE BE IT RESOLVED by the Board that the County Treasurer be, and
hereby is, authorized to pool such county funds as are not immediately required to be disbursed
in the above and foregoing Colorado public asset pools pursuant to Part 7 of Article 75 of Title
24, C.R.S., as amended.
BE IT FURTHER RESOLVED by the Board that the County Treasurer be, and hereby is,
authorized to invest such county funds as are not immediately required to be disbursed in
securities as set forth in Section 24-75-601.1 (1), C.R.S., as amended, which have a maturity date
of five years or less from the date of purchase, or if authorized by the Board, for such period in
excess of five years.The County Treasurer shall hold all such securities until their date of maturity,
at which time he is hereby authorized to redeem them and deposit or reinvest the proceeds in
accordance with the foregoing resolution, or he may sell such securities prior to their date of
maturity at which time he is thereby authorized to redeem them and deposit or reinvest the
proceeds in accordance with the provisions of this Resolution.
FI, e-, '13 2016-0587
CC' TR0030
DESIGNATION OF PUBLIC ASSET POOLS AS DEPOSITORIES FOR WELD COUNTY FUNDS
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 10th day of February, A.D., 2016.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST:dithiv Cam( �,�,/
�• �C.�o•e1 Mike Freeman, Chair
Weld County Clerk to the Board
( ' / Sean P. Conway, Pro-T m e5-.
D yClerktot eBo.,�
( aft rbara Kirkmeyer
r '�* he A. C•zad
•u t% Attorney �'•. ,�I % �--¢�-�
3/ Steve Moreno
Date of signature:
2016-0587
TR0030
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