HomeMy WebLinkAboutResolution - 2005-R0139 - Pledgee Agreement - Federal Reserve Bank - 04_14_2005jusoiuiion rNu. z-vvo-nuij7
April 14, 2005
Item 21
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK
THAT the City Council hereby authorizes the City Manager to execute the
Pledgee Agreement by and between the City of Lubbock and the Federal Reserve Bank.
A copy of the Pledgee Agreement is attached hereto and incorporated in this resolution as
if fully set forth herein and shall be included in the minutes of the City Council.
Passed by the City Council this 14th day of
MARC McDOU(�AL, MAYOR
ATTEST:
Reb cca Garza
City Secretary
APPROVED AS TO CONTENT:
Lee KmA Dumbauld
Assistant City Manager/Chief Financial Officer
APPROVED AS TO FORM:
M#thew L. Wade
Natural Resources Attorney
ml/ccdocs/FederalReserveBank. Res.
March 17, 2005
2005.
Resolution No. 2005—RO139
REV 08/2003
Pledgee Agreement Form
To: Federal Reserve Bank of Boston
600 Atlantic Avenue
PO Box 55882
Boston, MA 02205
Attn: Joint Custody
Tel: 800-327-0147, #1
Fax: 877-973-8972
Date: April 4.2005
We, the City of Lubbock agree to the terms of Appendix C of your Operating Circular
7, dated June 13, 2003, as it may be amended from time to time with respect to the account on
your books designated K1BF. (4 digit alpha -numeric account number)
We further agree that you may accept par for par substitutions: securities from the
Pledgor as a replacement of, or in substitution for, those securities presently held (please check
one):
ON NO (Instructions required for each withdrawal)
❑ YES (Standing approval)
provided that the replacement or substitution does not reduce the aggregate par amount of
securities held in custody for us. (See Operating Circular 7, Appendix C, Section 4.3.)
We authorize you to use the following call-back procedure for securities transactions
pertaining to this account (please check one):
❑ Three -party call-back
0 Four -party call-back
We certify that the individuals listed below may take authoritative action on our behalf with
respect to the account, including a direction to release collateral from the account. You may rely
on the authority of these individuals with respect to the account until we otherwise notify you.
Telephone: (806) 775-2016
Fax: (806) 775-2051
E-mail: Idumbauld@mylubbock.us
Telephone: (806) 775-2160
Fax: (806) 775-3273
E-mail: jsnyder0mylubbock.us
Telephone: (806) 775-2149
Fax: (806) 775-3273
E-mail: aburcham@mylubbock.us
Print Name: Lee Ann Dumbauld Title: CFO/ACM
Signature: --Date: 04/04/2005
Print Name: Jeff n de Title: Dir. Of Fiscal Operations
Signature: Date: 04/04/2005
Print Namei U dvBurcharn Title: Cash & Debt Manager
Signature Date: 04/04/2005
Telephone: (806) 775-3147
Fax: (806) 775-3273
E-mail: bbullock a,mylubbock.us-
Telephone: (806) 775-2161
Fax: (806) 775-2051
E-mail: jyatesnaniylubbock.us
Print Name: Brack Bullock Title: Senior Accountant
Signature: Date:04/04/2005
Print Name: Y es Title: Director of Fiscal Policy
Signa Date: 04/04/2005
The Undersigned hereby certifies that he/she is the present lawful incumbent of the designated public
office.
Pledgee:
City of Lubbock
Name of governmental unit
P O Box 2000
Street Address or P.O Box Number
Lubbock, TX 79457
City, State, Zip Code
Offirc-i-arsignature / D
Lou Fox, City Manager
Printed Name and Title
Approved as to content: Approved as to form:
- yc&4Ut4�
L Ann Dumbauld Matthew L.'Wade
CFO/ACM Natural Resources Attorney
Notary
State of Texas
County of Lubbock
On this A ` day of April, 2005 before me personally appeared Lou Fox, to me personally known or
satisfactorily proven, who by me duly sworn, did depose and say that he resides at 5541 50`h Street #201,
in the City of Lubboc in the State of Texas, that he is the City Manager of the City of Lubbock and
that he executed this document on behalf of the City of Lubbock before me.
(Signature of No
(Print name of N )
My commission expires on D3- .;7Y- o g [Date)
SM
PAT KiDDNotary PAr. Stets of TexasY Canmission E 03 28 2009