HomeMy WebLinkAboutR96-034 approving county investments
Commissioner ~ t~~ moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 96 - ~~
A RESOLUTION APPROVING COUNTY INVESTMENT
IN CERTAIN GOVERNMENT INVESTMENT POOL TRUSTS
WHEREAS, Eagle County Resolution No. 92-128 addresses the
deposit and investment of funds by the County Treasurer and
authorizes the Treasurer to deposit all County surplus funds in
those securities and funds as set forth in the Eagle County
Treasurer Investment Policy and Procedure; and
WHEREAS, Section 7 of the Eagle County Treasurer Investment
Policy and Procedure provides that if the County Treasurer is to
invest in any local government investment pool funds, the Eagle
County Board of Commissioners (hereinafter "Board") must approve of
the funds prior to deposit by the County Treasurer; and
WHEREAS, the County Treasurer desires such approval by the
Board so as to deposit County surplus funds into two new local
government investment pool trusts entitled "Government Asset Pool"
and "Colorado Surplus Asset Fund Trust".
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the Board, in accordance with Section 7 of the Eagle
County Treasurer Investment Policy and Procedure, hereby approves
deposit of County surplus funds into the two local government
investment pool trusts, the "Government Asset Pool" and two,
"Colorado Surplus Asset Fund Trust".
THAT, the Board's approval of investment by the County
Treasurer into these two new funds has no effect on the County
Treasurer's ability to invest in those government pool trust funds
already approved by the Board.
THAT, the Board hereby finds, determines and declares that
this Resolution is necessary for the public health, safety and
welfare of the residents of the County of Eagle, State of Colorado.
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the ~`~'F- day of April, 1996.
COUNTY OF EAGLE, STATE OF
~ ~~
`~ + COLORADO, By and Through Its
ATTEST: ~ ~~ Ap BOARD OF COUNTY COMMISSIONERS
,,,,~,~_
~--'
Clerk to the Board of
County Commissioners
By:
George Gates, Chairman
Johnnette Phillips, Comm ssioner
James E. Johnson, Jr.,
Commissioner
Commissioner seconded adoption of the
foregoing resolution. The roll having been called, the vote was as
follows:
Commissioner Gates
Commissioner Phillips
Commissioner Johnson
This Resolution passed by p~ -Q vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
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