301: Amending Authorized Individual for the Washington State Local Government Investment Pool

May 18, 2022

Resolution No. 301

A resolution of the Board of Trustees of Bellevue College of Community College District VIII amending the Authorized Individual for the Washington State Local Investment Pool.

Whereas, since the adoption of Resolution 243 on January 27, 1999, Bellevue College of Community College District VIII has participated in the Washington State Local Government Investment Poll (LGIP), a trust fund created pursuant to Chapter 294, Laws of 1986; and

Whereas, the LGIP permits the College to designate an individual to authorize all amendments, changes, or alterations to the Local Government Investment Pool Transaction Form (“LGIP Form”) or any other documentation (“Authorized Individual”); and

Whereas, with the adoption of Resolution 298 on June 29, 2011, the College designated former Vice President of Administrative Services Rachel Solemsaas as the Authorized Individual; and

Whereas, the College currently has a different Vice President of Administrative Services and therefore needs to terminate and revoke the prior designation;

Now, therefore, the Board of Trustees of Community College District VIII, State of Washington hereby resolves:

  1. The Board of Trustees of Community College District VIII hereby terminate and revoke the designation of Rachel Solemsaas as the Authorized Individual for the purpose of the LGIP.
  2. The Board of Trustees of Community College District VIII hereby designates the individual who holds the position of Vice President of Administrative Services as the Authorized Individual for the purpose of the LGIP. As the Authorized Individual, the Vice President of Administrative Services has been delegated the authority to authorize all amendments, changes, or alterations to the LGIP Form or any other documentation including designating other individuals to make deposits and withdrawals on behalf of Bellevue College.

Approved and adopted: May 18, 2022

Richard Leigh, Chair

Board of Trustees