JANUARY 4, 2006

 

THE ROSCOMMON COUNTY BOARD OF COMMISSIONERS MET ON WEDNESDAY, JANUARY 4, 2006 FOR AN ORGANIZATIONAL MEETING.  CHAIRMAN MEAD CALLED THE MEETING TO ORDER AT 11:00 A.M.

 

ROLL CALL:  NELLIST, MEAD, SMOLARZ, MILBURN, PACELLA.

 

THE PLEDGE OF ALLEGIANCE WAS RECITED.

 

ALSO PRESENT:  PATRICIA MARSHALL, HOUSING DIRECTOR;  RUSSELL KIDD,  MSU EXTENSION;  RON ENO, EQUALIZATION DIRECTOR;

 

            1.   MOVED BY MILBURN, SECONDED BY NELLIST TO CAST A

UNANIMOUS BALLOT  FOR ROMAN PACELLA FOR VICE-   CHAIRMAN FOR 2006.  ON ROLL CALL:  AYES:  NELLIST,

MEAD, SMOLARZ, MILBURN.  NAYS:  NONE.

 

 

            2.   MOVED BY PACELLA, SECONDED BY MILBURN TO ADOPT THE

                  RESOLUTION IN REGARDS TO THE DEOSITORY AND

                  INVESTMENTS FOR ROSCOMMON COUNTY AS PRESENTED.

                 

                  DEPOSITORY AND INVESTMENT

                  RESOLUTION FOR ROSCOMMON COUNTY

 

                  WHEREAS, UNDER THE LAWS OF THE STATE OF MICHIGAN, ACT

                  NO. 40 OF THE MICHIGAN PUBLIC ACTS OF 1932, 1ST EXTRA

                  SESSION AS AMENDED (MCL 129.12), THIS BOARD IS REQUIRED

                  TO PROVIDE, BY RESOLUTION, FOR THE DEPOSIT OF ALL PULIC

                  MONIES, INCLUDING TAX MONIES, BELONGING TO, OR HELD

                  FOR, THE STATE, COUNTY OR OTHER POLITICAL UNITS COMING

                  INTO THE HANDS OF THE COUNTY TREASURER, IN ONE OR MORE

                  BANKS, SAVINGS AND LOAN ASSOCIATIONS OR CREDIT UNIONS

                  WITHIN THE STATE.

 

                  THEREFORE BE IT RESOLVED AS FOLLOWS:

 

                   1)  THE ROSCOMMON COUNTY BOARD OF COMMISSIONERS

                         HEREBY DIRECTS JULIE PETERS, ROSCOMMON COUNTY

                         TREASURER, TO DEPOSIT ALL PUBLIC MONIES, INCLUDING

                         MONIES AND FUNDS HELD FOR THE STATE BOARD OF

                         ESCHEATS OR MISSING HEIRS, COMING INTO (HIS/HER)

                         HANDS AS TREASURER, IN ANY BANK, SAVINGS, AND

                         LOAN ASSOCIATION OR CREDIT UNION WITHIN THE

                         STATE WHICH IS A LEGAL DEPOSITORY AS DEFINED BY

                         STATE AND/OR FEDERAL LAW.

 

                   2)   THE TREASURER IS AUTHORIZED TO INVEST FUNDS WITH

                         THESE INSTITUIONS OR ANY INSTITUTION LEGALLY

                         PERMITTED BY STATE STATUE ACT. NO. 20 OF THE MICHIGAN

                         PUBLIC ACTS OF 1943, AS AMENDED (MCL 120.91) OR FEDERAL

                         LAW OR REGULATION WITHIN THE LIMITS SET THEREIN, AND

 

                    3)  THE TREASURER IS AUTHORIZED TO ENTER INTO AND

                         EXECUTE ON BEHALF OF THE COUNTY ANY CONTRACTS

                         WITH ANY BANK OR TRUST COMPANY FOR THE

                         SAFEKEEPING OR THIRD PARTY CUSTODIANSHIP OF ANY

                         OF THE COUNTY’S SECURITIES AS WELL AS ANY;    

                         CONTRACTS OR REPURCHASE AGREEMENTS WITH ANY

                         CORPORATION FOR THE PURCHASE OF ANY SUCH

                         SECURITIES WHICH WILL BE THE SUBJECT OF SUCH

                         SAFEKEEPING OR THIRD PARTY CUSTODIANSHIP

                         ARRANGEMENTS, ON SUCH TERMS AND CONDITIONS AS THE

                         COUNTY TREASURER SHALL REQUIRE, AND

 

                    4)  THE COUNTY TREASURER IS AUTHORIZED TO RELY ON THE

                         CONTAINING EFFECT OF THESE RESOLUTIONS UNTIL

                         AMENDED OR REPEALED BY A SUBSEQUENT RESOLUTION OF

                         THIS OR A SUCCESSOR BOARD OF COMMISSIONERS.

 

                    5)  CONCERNING MUTUAL FUNDS REGISTERED UNDER

                          INVESTMENT COMPANY ACT OF 1940, TITLE I OF CHAPTER

                          686, 54 STAT. 789, 15 U.S.C. 80A-3 AND 80A-64, THE COUNTY

                          TREASURER IS AUTHORIZED TO PURCHASE ONLY

                          INVESTMENT VEHICLES THAT ARE LEGAL FOR DIRECT

                          INVESTMENT BY A PUBLIC CORPORATION.  THE MUTUAL

                          FUND MUST BE LIMITED TO SECURITIES WHOSE INTENTION

                          IS TO MAINTAIN A NET ASSET VALUE OF $1.00 PER SHARE,

                          MAINTAIN A STABLE (NON-FLUCTUATING) NET ASSET

                          VALUE.  ONLY THE INTEREST RATE WILL DIFFER FROM

                          DAY TO DAY.

 

                    ON ROLL CALL:  AYES:  NELLIST, MEAD, SMOLARZ, MILBURN,

                    PACELLA.  NAYS:  NONE.  MOTION CARRIED.

 

            3.   MOVED BY MEAD, SECONDED BY NELLIST THAT CHEMICAL

                  BANK AND BANK ONE BE DESIGNATED AS THE OFFICIAL

                  DEPOSITORY FOR THE COUNTY OF ROSCOMMON.  ON ROLL

                  CALL:  AYES:  PACELLA, MILBURN, SMOLARZ, NELLIST, MEAD.

                  NAYS:  NONE.  MOTION CARRIED.

 

            4.   MOVED BY PACELLA, SECONDED BY SMOLARZ TO SET THE 2006

                  MEETINGS FOR COUNTY COMMISSIONERS FOR THE SECOND

                  AND FOURTH WEDNESDAY OF EVERY MONTH WITH WORK

                  SESSIONS  STARTING AT 9:00 A.M. AND REGULAR BOARD

                  MEETINGS AT 10:00 A.M. EXCEPT FOR DECEMBER WHERE

                  THE MEETINGS WILL BE ON THE 6TH AND THE 13TH.  THE

                  LAST MEETING IN DECEMBER WILL BE 12-28-2005.  ON ROLL

                  CALL:  AYES:  NELLIST, MEAD, MILBURN, SMOLARZ, PACELLA.

                  NAYS:  NONE.  MOTION CARRIED.

 

            5.   MOVED BY PACELLA, SECONDED BY NELLIST TO SET CLAIMS

                  AND ACCOUNTS THE DAY BEFORE THE FIRST BOARD MEETING

                  OF THE MONTH.  THE SECOND CLAIMS AND ACCOUNTS FOR THE

                  MONTH OF DECEMBER WILL BE 12-27-06.  ON ROLL CALL:  AYES:

                  MILBURN, SMOLARZ, MEAD, NELLIST, PACELLA.  NAYS:  NONE.

                  MOTION CARRIED.

 

            6.   MOVED BY SMOLARZ, SECONDED BY MILBURN TO AWARD

                  PRINTING OF MINUTES TO THE ROSCOMMON HERALD FOR

                  THE YEAR 2006.  ON ROLL CALL:  AYES:  NELLIST, MEAD,

                  PACELLA, MILBURN, SMOLARZ.  NAYS:  NONE.  MOTION

                  CARRIED.

 

            7.   MOVED BY PACELLA, SECONDED BY NELLIST TO IMPLEMENT

                  CENTRAL PURCHASING OF ALL OFFICE SUPPLIES.  ALL

                  DEPARTMENTS WILL PLACE THEIR ORDER THROUGH THE

                  CONTROLLER’S OFFICE.  ON ROLL CALL:  AYES:  MILBURN,

                  PACELLA, NELLIST, MEAD, SMOLARZ.  NAYS:  NONE.  MOTION

                  CARRIED.

 

COMMISSIONER’S REPORTS

 

SMOLARZ – SPOKE REGARDING SIGN AT HEALTH DEPT.

MEAD WILL SPEAK TO ROAD COMMISSION

MILBURN TALKED ABOUT UPCOMING MAC CONFERENCE.

NELLIST SPOKE REGARDING ADULT ED – HOUGHTON LAKE SCHOOLS

 

            8.   MOVED BY SMOLARZ, SECONDED BY MILBURN TO ADJOURN

                  MEETING.  ON ROLL CALL:  AYES:  NELLIST, MEAD,  SMOLARZ,

                  MILBURN, PACELLA.  NAYS:  NONE.  MOTION CARRIED.

 

MEETING ADJOURNED AT 11:30 A.M.

 

 

____________________________        ______________________________

LARRY D. MEAD, CHAIRMAN          ANN M. BONK, COUNTY CLERK