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HomeMy WebLinkAboutR03-031 Establishing the Alexander J. Allen Education Fund~ s. • • Commissioner ~~~'~° moved adoption of the following resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2003- ~ ~J IN THE MATTER OF THE TRUST AGREEMENT ESTABLISHING THE ALEXANDER J. ALLEN EDUCATION FUND WHEREAS, the Alexander J. Allen Education Trust (the "Trust's was established for the sole purpose of supporting the Alexander J. Allen Education Fund (the "Fund") and fulfilling the intentions of Dr. Alexander J. Allen as expressed in his Will and Codicil under the circumstances now extant; and WHEREAS, the Fund was established to provide scholarship grants for the undergraduate education of eligible Eagle County, Colorado students in accordance with the governing documents of the Fund and the terms and conditions of the Trust; and WHEREAS, a Trust Agreement must be established to administer the Trust; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, the Trust Agreement establishing the Alexander J. Allen Education Trust is hereby adopted by the Boazd of County Commissioners in order to administer the Trust. THAT the Boazd authorizes the Chairman of the Eagle County Board of County Commissioners to execute the Trust Agreement to administer the Trust. THAT, this Resolution is necessary for the public health, safety and welfaze of the citizenry~of the County of Eagle, State of Colorado. MOVED, READ AND ADOPTED by the Board of County C mmissioners of the County of Eagle, State of Colorado, at its regulaz meeting held this ~~aay of Mazch, 2003. Y A S: Clerk of the o Commissioners • ~ COUNTY OF EAGLE, STATE OF COLORADO ®kz~~By and Through its Board of County s °` ~ommissione . ~ ~, * ~ ,~q ~~ ='y: _ `°' Michael L. Gallagher, of County ~ n~ By: By: commissioner Menconi, Commissioner Commissioner ~o~~~ ~.c seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Michael L. Gallagher This Resolution passed by vote of the Boazd of County Commis- Commissioner Tom C. Stone Commissioner Arn M. Menconi sinners of the County of Eagle, State of Colorado. G:\WM\Resolution adopting Trust Agreement.wpd