HomeMy WebLinkAboutResolution 23-008-CCBOARD OF COUNTY COMMISSIONERS
Grant County, Washington
RESOLUTION AUTHORIZING RESOLUTION No. 23-'bCC
EXECUTION OF INTERLOCAL
INVESTMENT SERVICES AGREEMENT
WITH THE CITY OF QUINCY AND GRANT
COUNTY, GRANT COUNTY TREASURER
WHEREAS, Chapter 39.34 RCW, the Interlocal Cooperation Act, permits local governmental
entities to make the most efficient use of their powers by enabling them to cooperate with other localities
on a basis of mutual advantage, for the purposes of providing services and facilities in a manner and
pursuant to forms of governmental organization that will accord best with geographic, economic,
population and other factors influencing the needs and development of local communities; and
WHEREAS, Grant County, Washington, a political subdivision of the State of Washington, by
and through its Board of County Commissioners, the Grant County Treasurer, and the City of Quincy, a
governmental entity in the State of Washington, are vested with authority to enter into an interlocal
agreement pursuant to chapter 39.34.080 RCW; and
WHEREAS, both the City of Quincy and the County, through the Grant County Treasurer, are
not only authorized but obligated by law to perforin the investment function by placing such investments
in instruments allowed by statute; and
WHEREAS, both the County and City of Quincy incur various costs in placing investments,
such as: the cost of receiving and sending wires, for placement of maturing of investments, safe -keeping
of negotiable instruments, and daylight overdrafts; and
WHEREAS, RCW 36.29.022 allows for the County Treasurer and junior taxing districts to
create a pool for investment of available cash; and
WHEREAS, the County and City of Quincy desire to establish a mechanism by which the
aforementioned activities shall occur.
NOW, THEREFORE, BE IT RESOLVED, that the attached Interlocal Investment Services
Agreement be executed between Grant County and the City of Quincy.
PASSED AND ADOPTED this day of Jra"e�-
BOARD OF COUNTY COMMISSIONERS
Yea Nay Abstain GRANT COUNTY, WASHINGTON
'
Rob ones, Chair
ATT ,r ST;r--
Clerk of I
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Cindy Carter, Vice -Chair
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Danny E. E. one, Member