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Clerk & Comptroller's Report 9. 1.

BCC Regular Meeting

Consent

Meeting Date:	02/02/2017
Issue: Participation in the Florida Local Government Investment Trust
From:	Pam Childers
Department:	Clerk & Comptroller's Office

Recommendation:

Recommendation Concerning Participation in the Florida Local Government Investment Trust

That the Board take the following action concerning participation in the Florida Local Government Investment Trust:

A. Adopt the Resolution authorizing the Escambia County to become a party to the Agreement and Declaration of Trust creating the Florida Local Government Investment Trust, dated as of December 1, 1991, as amended; and

B. Authorize the Chairman to sign the Resolution and the Joinder to Agreement and Declaration of Trust between Escambia County and the Florida Local Government Investment Trust.

Background:

The Florida Local Government Investment Trust has been established pursuant to the Trust Agreement for the purpose of establishing one or more Investment Funds for pooling surplus funds of public entities for joint investment. The investment policy adopted pursuant to Section 218.415, Florida Statutes, permits investment in the Investment Funds established by the Florida Local Government Investment Trust.

Attachments
Florida Trust Resolution and Joinder Agreement