HomeMy WebLinkAboutResolution Supporting and Approving Kittitas County's Investment Pool Agreement (2)BOARD OF COUNTY COMMISSIONERS
COUNTY OF KITTITAS
STATE OF WASHINGTON
A RESOLUTION AUTHORIZINGTHE TREASURER’S INVESTMENT POOL AND
CREATION OF AN INVESTMENT OPERATIONS AND MAINTENANCE FUND.
RESOLUTION NO. 2018 -______
Whereas:The Kittitas County Treasurer is authorized, but not required, by RCW 36.29.020, 36.29.022, and 36.29.024 to offer investment pooling opportunities for local governments and
districts located in Kittitas County;
Whereas:RCW 36.29.024 allows for the creation of an Investment Operations and Maintenance Fund, which is used and managed by theCounty Treasurer to charge fees to cover the actual expenditure
of operating the investment pool, without regard to budget limitations and requirements;
Whereas:
NOW, THEREFORE, BE IT RESOLVED, the Kittitas County Board of County Commissioners approves of and authorizes the creation of the County Treasurer’s Investment Pool to allow investment
pooling opportunities for local governments and districts located in Kittitas County.
NOW, THEREFORE, BE IT ALSO RESOLVED,the Kittitas County Board of County Commissioners approves of and authorizes the creation ofthe Treasurer’s Investment Operations and Maintenance
Fund, which shall be used by the County Treasurer as a revolving fund to defray the cost of administering the pool without regard to budget limitations.
NOW, THEREFORE, BE IT ALSO RESOLVED,APPROVED, this ______ day of ______________, 2018, at Ellensburg, Washington.BOARD OF COUNTY COMMISSIONERSKITTITAS COUNTY, WASHINGTON
__________________________________Laura Osiadacz, Chair
__________________________________Obie O’Brien, Vice-Chair__________________________________
Cory Wright, Commissioner
ATTEST
_____________________________
Clerk of the Board