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Home My WebLink AboutRESOLUTION 23-90(0LQlIAUOLU(RLUUVt:lt[’IMLJ’1lLIQUIDASSEFIHUSt0RESOLUTION#23-90AResolutionauthorizingTheTownofEsProjoinwithotherLocalGovernmentEntitiesasaParticipantintheColoradoLocalGovernmentLiquidAssetTrustCOLOIRUST)inordertopoolfundsforinvestment.WHEREAS,pursuanttoPart7ofArticlo75ofTItle24ofIheColoradol1r?visedStatutes,ItIslawlulforanycotnity,citymid:ounly,city,town,schooldistrict,orspecialdistrIct(aLocalGoverruneritLiilily)to1)001arryrrit)lueysiiiItstreasury.wIridiarerOtimmediatelyrequiredtobedisbursed,withthesamesuchmoneysinthetreasuiyofanyotherLocalGovernmentEntityIii)rdcrtolakeadvantageofshort-terminvestmentsandrnaxiriiizenetinterestearnings:aridWHEREAS,COLOTRUSTisacommonlawtrustformedunderthelawsoftileSlateofColorncJoiiiaccordancewiththe)rovisionsofPart6andPart7ofArticle75ofTitle24aridArticles10.5and47oftitleItoftheColoradoRevisedStatutescgardingtheinvesting,poolingforinvestmentandprotectionofpublicfunds;andWHEREAS,theabovereferencedLocalGovernmentEntitydesirestoparticipateinCOLOTRUSTandthereforebyanajorityvoteofitsgoverningbodyhaspassedthefollowingresolution:NOW,THEREFORE,itisherebyRESOLVEDasfollows:1.ThisLocalGovernmentEntily,TheTownofEstesParkicrcbyapprovesandadopts,andtherebyloinsasaParticipantwithoilierLocalGovernmentEritiliespursuanttof’ari7of\rlicle75andTitle24oftheColoradoRevisedStatutes,ttiatcertainindentureofTiusietititledtheColoradoLocalGovernment.iquidAssetTrust(COLOTHUST)datedasofJanuary1,1905asamendedhorntunetotulle,lIreletnirsofwhichate9corporatcdhereinbythisreferenceandacopyofwhichshallbetiledwiththerrrinutesoftherireelirigatwhichthiscsoIutionwasadopted;and2.MonteVavra,whoistirelocalgovernmentillicialirnpoworccltoinvestthefundsInthisLocalGovermirneirlEtilitystreasury,islierehryciesk;tralectthe“1reasurrer”,asthatermnisdefinedInlIreIndentureof1ru;l,arid;e;tjchiIsherebyde;kjri;itetlour0hiidilihInteiilalivehr(XII()tillJ;Irislr;iil;erveasamemberoftheBoardohOupervi;oisofCOl_OIRUSTaridIshereby‘jujihiutii.odand(JiICCICCJtoexecutethondenturcotTrustandsuchoilierdocumentsasrerequired;arid3.TheCOLOTRUSTInvestmentProgramcontainstwoInvesIrnerliportfolios:COLOIBUSFAcorniptisedof13.5.TreasuryecuritiesaridCOLOTFIUSTUcounprisedohallinvestriretitspermittedbylawOfid;iutlromliedl)ylireCOl_OIfTUSThoardofErustoes.The“Tieasurer”designatedinSection2aboveislienebyauthorizedtoinvestr1COLOIBUSFAIi,COLOTHUSIUU.)rboth[J(Pleasecheckone.)4.TheSecretaryofCOLOTRUST,Mr.RussellH.Pierson,orhissuccessorinlunchion,Isherebydesignatedastine)llicialcustodianofsuchfundsasaredepositedinCOLOTHUSTbythisLocalGovernrneiitEntityduringsuchlimeorimesasfundsmaybeondepositwiLhCOLOTHUST.rheundersignedcetlirythatTheTownofEstesParkirarenncIed:NameofLocalGovurrirrioritLXThisResolution.UAnollierformofResolution,acopyofwhichIsenclosed,andthatthisresolutioniscurrentlyinetioct.TheundersignedailirmthaiI/wehavereceivedandreadlirel4istsiritorrnal4criSlateinoniaridnqreeIabeboundbyilrInns.TheundersignedagreeUratlireccitilicntion,I,rsimu:lIor1iwnullorli,iflIoiisCOfnunodInIllsIrrirfMeçjlstraliur1toninnwillmarmdiiinnIfoufonill!tineTruicccavcswrillenniolicoolchange.______MonteVavraFinancialOfficerPicasoI’riilN.vno41SWlaluroi:rroTWClerklitloTubVickieO’ConnorPleasePriitN.iuoPleaseP,witNvnoS,irIuro 00