HomeMy WebLinkAboutR91-018 to participate in Jefferson County surplus funds trust to pool funds for investmentCommissioner ( -,/ ak moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 91- If
AUTHORIZING THE COUNTY OF EAGLE, STATE OF COLORADO,
TO JOIN WITH OTHER PUBLIC ENTITIES AS A PARTICIPANT
IN THE JEFFERSON COUNTY, COLORADO, SURPLUS FUNDS TRUST
(JEFFTRUST) IN ORDER TO POOL FUNDS FOR INVESTMENT.
WHEREAS, pursuant to C.R.S. 24 -75 -701 et se q., as amended, it
is lawful for any county, city and county, city town, school
district, or special district ( "Public Entity ") to pool any monies
in it treasury, which are not immediately required to be disbursed,
with the same such monies in the treasury of any other Public
Entity in order to take advantage of short -term investments and
maximize net interest earnings; and
WHEREAS, JEFFTRUST is a trust formed under the laws of the
State of Colorado in accordance with the provisions of C.R.S. 24-
75 -601 et sea., C.R.S. 24 -75 -701 et sees., C.R.S. 11 -10.5 -101 et
sec., and C.R.S. 11 -47 -101 et seq., all as amended, for purpose of
investing, pooling for investment, and protecting public funds; and
WHEREAS, County of Eagle, State of Colorado, by and through
its Board of County Commissioners (hereinafter "The County ")
desires to be a Participant in JEFFTRUST in accordance with the
terms and provisions thereof.
NOW, THEREFORE, the Board of County Commissioners of the
County of Eagle, State of Colorado, by a majority vote, hereby
RESOLVES as follows:
1. That the County hereby approves and adopts, and thereby joins
as a Participant with other Public Entities pursuant to C.R.S.
24 -75 -701 et seg., as amended, that certain Indenture of Trust
entitled the Jefferson County Colorado Surplus Funds Trust
(JEFFTRUST) dated as of September 27, 1988, as amended from
time to time, the terms of which are incorporated herein in
their entirety by this reference and a copy of which shall be
filed with the minutes of the meeting at which the Resolution
was adopted; and
2. That Sherry Brandon, who is the local government official
empowered to invest the funds in the County treasury, is the
"Treasurer" as that term is defined in the Indenture of Trust,
and as such is hereby designated as the County's official
representative to JEFFTRUST, and shall serve as a member of
the Board of Supervisors of JEFFTRUST, and is hereby author-
ized and directed to execute the Indenture of Trust and such
other documents as are required, and to serve as a member of
the Board of Trustees if elected by the Supervisory Board;
and
3. That Sherry Brandon is hereby authorized to invest from time
to time the monies in The County's treasury which are not
immediately required to be disbursed, in JEFFTRUST, by
purchasing Shares in JEFFTRUST from time to time with
available funds, and to redeem some or all of those Shares
from time to time as funds are needed for other purposes.
4. The Board of Trustees of JEFFTRUST, or their successors in
function, is hereby designated as the official custodian of
such funds as are deposited in JEFFTRUST by Eagle County
during such time or times as funds may be on deposit with
JEFFTRUST.
The undersigned affirm that they have received the Trust's
Information Statement and Addendum to Information Statement and
Indenture of Trust, and agree to bind the County by the terms
thereof.
The undersigned agree that the certifications, instructions,
and authorizations contained in the attached Trust Registration
Form (which is made a part hereof) will remain in effect until
receipt by the Trust of written notice of change.
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the day of February, 1991.
COUNTY OF EAGLE, STATE OF
•F.. y \ COLORADO, By and Through Its
�10_: ,ES�,T: BOARD OF COUNTY COMMISSIONERS
`\ +47°ht�win�
By: By: �d�-'i� A PJ .vf d
- f11erk to the Board of George A. Gates, Chairman
County Commissioners
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Richard L. Gustafson,
Commissioner
Donald H. Welch, Commissioner
Commissioner (; #1:4-s seconded adoption of
the foregoing resolution. The roll having been called, the vote
was as follows:
Commissioner George A. Gates
Commissioner Richard L. Gustafson &12 52iJ1
Commissioner Donald H. Welch (jam
This Resolution passed by A Z!i-o vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
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