(a) That the Board of Supervisors of Loudoun County, Virginia, does hereby establishes a trust pursuant to Section 2.2-4501 of the Virginia Code for the purpose of investing funds, other than sinking funds, determined to derive the most benefit from this investment strategy, in certain investments authorized under the Investment of Public Funds Act, jointly with other participating political subdivisions and public bodies in the Trust Fund. A copy of the VACo/VML Virginia Investment Pool Trust Fund Agreement (the "Agreement") is attached and incorporated in Ordinance 15-05 as Exhibit A.
(b) That the Board of Supervisors of Loudoun County, Virginia, does hereby agree on Loudoun County, Virginia, to become a "Participating Political Subdivision" in the Trust Fund, as further defined in the Agreement.
(c) That the Board of Supervisors of Loudoun County, Virginia, does hereby designate the Treasurer of Loudoun County (the Treasurer") to serve as the trustee of Loudoun County with respect to the Trust Fund, and to determine what funds under the Treasurer's control shall be invested in the Trust Fund.
(d) That the Board of Supervisors of Loudoun County, Virginia, does hereby authorize the Treasurer to execute and deliver the Trust Joinder Agreement for Participating Political Subdivisions under VACo/VML Virginia Investment Pool ("Trust Joinder Agreement"), a copy of which is attached and incorporated by reference in this ordinance as Exhibit B.
(Ord. 15-05. Passed 10-14-15; Ord. 18-10. Passed 5-9-18.)