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Westcliffe trustees deny request to move CSAFE funds to CSLIP
Summary
Trustees voted to deny a request to move the town’s CSAFE accounts into the Centennial State Liquid Investment Pool (CSLIP). The motion to deny carried.
The Board of Trustees considered a request to move the Town’s CSAFE (Colorado Surplus Asset Fund) bank accounts to CSLIP (Centennial State Liquid Investment Pool). After discussion, a motion to deny the transfer was made and approved. "ACTION: Mr. Nordkye moved, and Mr. Jagow seconded to deny moving the Town CSAFE bank accounts to CSLIP. Motion carried," the minutes record.
The transcript records the motion as carried but does not include a roll-call tally or further elaboration on the financial rationale for denial. The treasurer’s report earlier in the meeting listed multiple CSafe and capital account balances but the minutes do not link those numbers explicitly to the board’s decision on the account move.
