HomeMy WebLinkAboutResolution - 2003-R0475 - Resolution Concerning Local Fund Investments - Texpool - 10_23_2003Resolution No. 2003-RO475
October 23, 2003
Item No. 22
RESOLUTION
A RESOLUTION AMENDING
AUTHORIZED REPRESENTATIVES
WHEREAS, CITY OF LUBBOCK (the "City") is a local government of the
State of Texas and is empowered to delegate to a public funds investment pool the
authority to invest funds and to act as custodian of investments purchased with local
investment funds; and
WHEREAS, it is in the best interest of the City to invest local funds in
investments that provide for the preservation and safety of principal, liquidity, and
yield consistent with the Public Funds Investment Act; and
WHEREAS, the Texas Local Government Investment Pool ("TexPool"), a
public funds investment pool, was created on behalf of entities whose investment
objective in order of priority are preservation and safety of principal, liquidity, and
yield consistent with the Public Funds Investment Act; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the individuals, whose signatures appear in this
Resolution, are Authorized Representatives of the City and are each hereby authorized
to transmit funds for investment in TexPool and are each further authorized to withdraw
funds from time to time, to issue letters of instruction, and to take all other actions
deemed necessary or appropriate for the investment of local funds.
SECTION 2. THAT an Authorized Representative of the City may be deleted
by a written instrument signed by all remaining Authorized Representatives provided
that the deleted Authorized Representative (1) is assigned job duties that no longer
require access to the City's TexPool account or (2) is no longer employed by the City;
and
SECTION 3. THAT the City may be Amending Resolution signed by the City
add an Authorized provided the additional Authorized Representative is an officer,
employee, or agent of the City;
SECTION 4. THAT the following persons are Authorized Representatives of
the participant. These individuals will be issued P.I. N. numbers.
1. Nam1,�,
Andy Burcham
Signature:i41A.—
Title: Cash & Debt Manager
Direct Phone Number (806)775-2149
2. N
Signature
3. N
Signature
Interim Chief Financial Officer
Direct Phone Number: (806)775-2161
Title: Financial Analyst
Direct Phone Number: (806)775-2041
4. Name: Jeff Snyder Title: Chief Accountant
Signature:J111 . Direct Phone Number: (806)775-2060
List the name of j Authorized Representative listed above that will have primary
responsibility for performing transactions and receiving confirmations and monthly
statements under the Participation Agreement.
Name: Danielle Whitfill
SECTION 5. THAT this Resolution and its authorization shall continue in full
force and effect until amended or revoked by the City, and until TexPool receives a
copy of any such amendment or revocation. This Resolution is hereby introduced and
adopted by the City at its regular/special meeting held on the 23rd day of October ,
2003.
Passed by the City Council this 23rd day
ATTEST:
Rebecca Garza, City Secretary
OVF,D AS TO CONTENT:
Beverly
Interim
APPROVED AS TO
ohn Knight, Aunt Cif Attorney
gs: /ccdo cs/&John/TeXPooI.Ies-3
October 9, 2003
2 003
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RESOLUTION AMENDING
TEXPOOL
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AUTHORIZED REPRESENTATIVES
AA h&"** '.i AMU
WHEREAS, the CITY OF LUBBOCK, TEXAS
(Participant Name & Location Number)
("Participant") is a local government of the State of Texas and is empowered to delegate to a public funds
investment pool the authority to invest funds and to act as custodian of investments purchased with local
investment funds; and
WHEREAS, it is in the best interest of the Participant to invest local funds in investments that provide
for the preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act;
and
WHEREAS, the Texas Local Government Investment Pool ("TexPool/ Texpool Prime"), a public funds
investment pool, were created on behalf of entities whose investment objective in order of priority are
preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act.
NOW THEREFORE, be it resolved as follows:
A. That the individuals, whose signatures appear in this Resolution, are Authorized Representatives of
the Participant and are each hereby authorized to transmit funds for investment in TexPool / TexPool
Prime and are each further authorized to withdraw funds from time to time, to issue letters of
instruction, and to take all other actions deemed necessary or appropriate for the investment of local
funds.
B. That an Authorized Representative of the Participant may be deleted by a written instrument signed
by all remaining Authorized Representatives provided that the deleted Authorized Representative (1)
is assigned job duties that no longer require access to the Participant's TexPool. / TexPool Prime
account or (2) is no longer employed by the Participant; and
C. That the Participant may by Amending Resolution signed by the Participant add an Authorized
Representative provided the additional Authorized Representative is an officer, employee, or agent
of the Participant;
List the Authorized Representatives of the Participant. Any new individuals will be issued personal identification
numbers to transact business with TexPool Participant Services.
ORIGINALS REQUIRED TEX — REP
2.00-,Z,- 120i4q_5
1. Name
Signatur
2. Name
Signatur
Title INTERIM CFO
Phone Number (806) 775-2161
Title CASH & DEBT MANAGER
Phone Number (806) 775-2149
3. Name JEFFER SNYfD#R Title CHIEF ACCOUNTANT
Signature Phone Number (806) 775-2160
4. Name DAN L E WHITF LL Title FINANCIAL ANALYST
Signature ({ qAt 4W'
0 Phone Number (806) 775-2041
List the name of the Authorized Representative listed above that will have primary responsibility for performing
transactions and receiving confirmations and monthly statements under the Participation Agreement.
Name DANIELLE WHITFILL
Email dwhitfill 1mvlubbock.us Fax#:
(806) 775-2033
In addition and at the option of the Participant, one additional Authorized Representative can be designated to
perform only inquiry of selected information. This limited representative cannot perform transactions. If the
Participant desires to designate a representative with inquiry rights only, complete the following information.
5. Name
Title
D. That this Resolution and its authorization shall continue in full force and effect until amended or
revoked by the Participant, and until TexPool Participant Services receives a copy of any such amendment or
revocation. This Resolution is hereby introduced and adopted by the Participant at its regular/special meeting
held on the 23 day October . 20 03.
NAME OF PARTICIPANT
BY:
ATTEST:
MARC MCDOUGAL
Printed Name
MAYOR
Title
REBECCA,GARZA
Printed Name,
CITY SECRETARY
Title
This document supersedes all prior Authorized Representative designations.
ORIGINALS REQUIRED TEX — REP