HomeMy WebLinkAboutResolution 23-013-CCBOARD OF COUNTY COMMISSIONERS
Grant County, Washington
RESOLUTION AUTHORIZING RESOLUTION No. 23- 013,CC
EXECUTION OF INTERLOCAL
INVESTMENT SERVICES AGREEMENT
WITH THE CITY OF MOSES LADE 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 Moses
Lake, 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 Moses Lake 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 the County and City of Moses Lake 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 the investment of available cash; and
WHEREAS, the County and City of Moses Lake 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 Moses Lake.
PASSED AND ADOPTED this day of �„b��,1r;�ynA 92023.
Yea Nay
&f ❑
TTE T:
C erk of th a �
BOARD OF COUNTY COMMISSIONERS
Abstain GRANT COUNTY, WASHINGTON
❑�~
0
Cindy C
.r /
N:\StafflBLutz\Resolutions\Interlocal Investment Services Agreement City of Moses Lake.docx