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HomeMy WebLinkAboutR13-045 Alexandar J. Allen Education Fund Commissioner S 41 U moved adoption of the following resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO Resolution No. 2013- b1 RESOLUTION AUTHORIZING ANY OF THE EAGLE COUNTY COMMISSIONERS TO EXECUTE ALL DOCUMENTS NECESSARY TO EFFECTUATE THE TRUST AGREEMENT ESTABLISHING THE ALEXANDER J. ALLEN EDUCATION FUND WHEREAS, Eagle County, Colorado ( "County ") is a political subdivision of the State of Colorado ( "State "), duly organized and existing pursuant to the laws and the Constitution of the State; and WHEREAS, the Alexander J. Allen Education Trust (hereinafter referred to as the "Trust ") was established for the sole purpose of supporting the Alexander J. Allen Education Fund (hereinafter referred to as 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, on July 22, 2003, the Trust Agreement establishing the Alexander J. Allen Education Trust was adopted by the Board of County Commissioners, County of Eagle, State of Colorado (Resolution 2003 -03) in order to administer the Trust; and WHEREAS, on September 9, 2003, the Board of County Commissioners approved Resolution 03 -107 authorizing any of the Eagle County Commissioners to execute all documents necessary to effectuate the trust agreement establishing the Alexander J. Allen Education Fund; and WHEREAS, Wells Fargo Wealth Management, administrator of said trust, has requested an updated resolution authorizing any of the Eagle County Commissioners to execute all documents necessary to effectuate the trust agreement establishing the Alexander J. Allen Education Fund. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, the Board of County Commissioners hereby authorizes the Chairman of the Board of County Commissioners to execute on its behalf any and all necessary documents, instruments, papers or other forms necessary for the administration of the Trust in accordance with the terms of the Trust, the Fund and the laws of the State of Colorado. THAT, in the event the Chairman is not available to execute any and all necessary documents, instruments, papers or other forms necessary for the administration of the Trust, or the Fund, as set forth above, then any other County Commissioner is hereby authorized to execute such documents on behalf of the Board of County Commissioners of Eagle County. MOVED, READ and ADOPTED, by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held this 1'" day of W r1 2013. COUNTY OF EAGLE, STATE OF COLORADO By and Through its Bs and of County C • • 'ssioners: 1 ,' , 11 Jon S . , Chairman 40. • i t► I, . Sara J. Fisher, Co mis 'oner 4 �` Al( .i..../ l --____ 0 , J" H. Ryan, Commissioner ATTE Y * . Clerk to the Board of ounty Commissioner , DiAli v T. t 4 ' 1/4-1'- ...►-- ' . Commissioner J > lEI-e----c seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: K Commissioner Stavney -�—v N Commissioner Fisher 4-I,. ‘- � Commissioner Ryan K_!-4 " This Resolution pass by 0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado.