HomeMy WebLinkAboutResolution 23-009-CCBOARD OF COUNTY COMMISSIONERS
Grant County, Washington
RESOLUTION AUTHORIZING EXECUTION OF RESOLUTION No. 23-00�- -CC
INTERLOCAL INVESTMENT SERVICES
AGREEMENT WITH COLUMBIA BASIN
HYDROPOWER 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, a governmental entity in the State of
Washington, and Columbia Basin Hydropower are vested with authority to enter into an interlocal agreement
pursuant to chapter 39.34.080 RCW; and
WHEREAS, both Columbia Basin Hydropower and the County, through the Grant County Treasurer, are
not only authorized but obligated by law to perform the investment function by placing such investments in
instruments allowed by statute; and
WHEREAS, both Columbia Basin Hydropower and the County, through the Grant County Treasurer 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 Columbia Basin Hydropower 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 Columbia Basin Hydropower.
PASSED AND ADOPTED this day of
BOARD OF COUNTY COMMISSIONERS
Yea Nay Abstain
GRANT COU, WASHINGTON
Rob` J shair
ATTT: FF Cindy Carter, Vice -Chair
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Danny E. tone, Member