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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 r Cl rk of the ar ❑V.. ❑ Danny E. tone, Member