Laserfiche WebLink
RESOLUTION NO. 58 <br />SERIES 2008 <br />A RESOLUTION AUTHORIZING THE CITY OF LOUISVILLE, COLORADO TO JOIN <br />WITH OTHER LOCAL GOVERNMENTS AS A PARTICIPANT IN THE COLORADO <br />LOCAL GOVERNMENT LIQUID ASSET TRUST IN ORDER TO POOL FUNDS FOR <br />INVESTMENT <br />WHEREAS, pursuant to Part 7, Article 24 (C.R.S.) it is lawful for any Local <br />Government to pool any moneys in its treasury, which are not immediately required to be <br />disbursed, with the same such moneys in the treasure of any other Local Government in <br />order to take advantage of short-term investments and maximize net interest earnings; <br />and <br />WHEREAS, the Colorado Local Government Liquid Assess Trust (the "Trust") is <br />a statutory trust formed under the laws of the State of Colorado in accordance with the <br />provisions of Parts 6 and 7, Article 24 and Articles 10.5 and 47 of Title 11 of the <br />Colorado Revised Statutes regarding investing, pooling for investment and protection of <br />public funds; and <br />WHEREAS, the City of Louisville, Colorado desires to become a Participant in <br />the Trust. <br />NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Louisville, <br />Colorado does hereby approve and adopt, and thereby joins as a Participant with other <br />Local Governments pursuant to Part 7, Article 75, Title 24 of the Colorado Revised <br />Statutes, that certain Amended and Reinstated Indenture of Trust entitled the Colorado <br />Liquid Government Asset Trust dated October 23, 2003 as amended from time to time, <br />the terms of which are incorporated herein by this reference; and <br />The Designee and Authorized Signatories are those persons listed on the Trust <br />Registration Form. The Authorized Signatories are authorized by the Participant to direct <br />the investment of such Participant's investment funds; and <br />The Designee and Authorized Signatories may be changed from time to time by written <br />notice to the Trust; and <br />The Designee is hereby authorized to invest in the COLOTRUST PRIME comprised of <br />U.S. Treasury securities and the COLOTURST PLUS+ comprised of U.S. Treasury <br />Securities, U.S. Agency Securities, and the highest rated commercial paper. <br />__ <br />~' .~ ~. <br />P,~4SSEQ,QND A~?OPTED this 2"d day of Dece b r, 08. <br />~ r <br />r. <br />.~ <br />~~ Y.~ <br />BY: <br />CI~~ Sisk, Mayor <br />C' of uisville, Colorado <br />Nancya _ 1'ytferk <br />City of Louisvill ,Colorado <br />