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Orting council rejects resolution to update LGIP signatory; members say language gives too much unilateral authority
Summary
The council voted 6-1 to reject Resolution 2025-06, which would have designated the city administrator as the authorized individual for the state Local Government Investment Pool account and included language allowing that individual to authorize amendments and appoint other signatories.
The Orting City Council voted 6-1 on April 9 to reject Resolution 2025-06, which would have updated the city’s authorized individual for its Local Government Investment Pool (LGIP) account to the city administrator and granted that individual authority to make amendments to the LGIP documentation.
Maher, a city finance staff member covering for the finance director, told the council the state treasurer’s LGIP required an updated form. “When we sent that to the LGIP, the local government investment pool, which is run by the state treasurer, they said that, we actually need to, update a resolution,” Maher said during…
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