Commissioners approve sheriff's tax sale resolution; treasurer reports bridal fund investments

County staff presented a resolution prepared by Paul Crites to authorize the sheriff's tax sale process; commissioners moved, seconded and approved the resolution so the county can proceed with the sale process.

"In your packet is the resolution that was prepared by Paul Crite's for our sheriff's tax sale. . . . We need it signed by all 3 commissioners so that we can start," a county staff member said. Commissioners moved and seconded the measure; Chair Beaver recorded a "yes" vote.

Separately, the treasurer reviewed the Bridal Fund investments included in the meeting packet and answered commissioner questions about maturities and interest rates. The treasurer said maturities are typically 12 months but sometimes vary (6 or 9 months) depending on bank offers; she said rates in the packet ranged from about 3.8% to roughly 4.25% and that she generally places funds with the bank offering the highest rate at the time. The treasurer also noted one likely typographical error in the packet for a maturity date labeled "05/30/2020 5," which she flagged for correction.

Commissioners asked whether the county had considered state investment pools and whether they ever place funds outside the local area; the treasurer said the county can use the state pool but had not recently compared rates and that she typically places funds with local banks that bid the highest yield. There were no substantive changes requested to investment strategy at the meeting; commissioners approved the sheriff's tax sale resolution and the treasurer will continue to manage maturities and solicit bids.