HomeMy WebLinkAboutResolution - 2004-R0390 - Resolution Amending Authorized Representatives In Texpool Funds - 08_16_2004Resolution No. 2004-RO390
August 16, 2004
Item No. 20
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. Name: Andy Burcham
Signature: 1A """,
Title: Cash & Debt Manager
Direct Phone Number (806)775-2149
2. Name: Lee Ann Dumbauld Chief Financial Officer
Signature: 4M ,�.t,u Direct Phone Number: (806)775-2016
3. Name: Adams
Signat
4. Name: Jeff Snyder
Title: Deputy City Manager
Direct Phone Number: (806)775-2015
Title: Chief Accountant
Signature: _ Direct Phone Number: (806)775-2060
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: Andy Burcham
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 16th day of August , 2004.
Passed by the City Council this 16th
ATTEST:
Reb cca Garza, City Secretary
APPROVEDASTO CONTENT:
�t..Lt. '1�5�t�w�l.�.�
Lee Ann Dumbauld
Chief Financial Officer
APPROVED AS TO FORM:
ohn Kni Assislfant City Attorney
gs:/ccdocs/&John/TexPool.res-3
July 27, 2004
day of August , 2004.
C ODOLTGAL, MAYOR
Resolution No. 2004-RO390
Resolution
Authorizing Participation in TexP ool
and
Designating Authorized Representatives
WHEREAS, the City of Lubbock, Texas
("Participant") is a local government or state agency of the State of Texas and is empowered to delegate to the public
funds investment pools 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 Pooh ("TexPool"), public funds investment pools, were
created on behalf of entities whose investment objectives 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 Participant shall enter into a Participation Agreement to establish an account in its name in TexPool, for
the purpose of transmitting local funds for investment in TexPool.
B. 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 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.
List the authorized representatives of the Participant. These individuals will be issued Personal Identification
Numbers (PIN's) to transact business via the phone with a Participant Services Representative.
1. Name: Tom Adams
Phone/Fax/Email: (806) 775-20154 (806) 775-2033 / TA(
Title: Deputy City Manager
il.ci.lubbock.tx.us
2. Name: Lee Ann Dumbauld Title: Chief Financial Officer
Phone/Fax/Email: (806) 775-2016 / (806) 775-2033 / Luumbauld(cDmaii.ci.lubbock.tx.us
Signature:
3. Name: Andy Burcham
Signature: t '-
ORIGINALS REQUIRED
ENROLL
149 /
Title: Cash & Debt Manager
775-2033 / ABurchamt- mail. ci.lubbock.tx.us
TexPool Participant Services • Lehman Brothers
600 Travis St., Suite 7200 • Houston, TX 77002 • www.tex000l.com • 1-966-839-7665
TEX -
4/04
4. Name: Jeffery Snyder
775-2160 / (806) 775-3273 / JSm
Signature:
Title: Chief Accountant
mail. ci.lubbock.tx.us
List the name of the Authorized Representative provided above that will have primary responsibility for performing
transactions and receiving confirmations and monthly statements under the Participation Agreement.
Name: Andy Burcham
In addition and at the option of the Participant, one additional authorized representative can be designated to perform
inquiry only of selected information. This limited representative cannot make deposits or withdrawals. If the
Participant desires to designate a representative with inquiry rights only, complete the following information.
5. Name: Title:
Phone/Fax/Email:
C. That this resolution and its authorization shall continue in full force and effect until amended or revoked by
the Participant, and until TexPool 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
16th Day of August , 20 04
NAME OF
PARTICIPANT:
BY:
Marc McDougal
Mayor
Title
ATTEST:
----
Signatute
Rebecca Garza
Printed Name
City Secretary
Title
ORIGINALS REQUIRED
ENROLL
OFFICIAL SEAL
TexPool Participant Services • Lehman Brothers
600 Travis St, Suite 7200 • Houston, TX 77002 • www.texnool.com • 1-866-83 9-7665
TEX —
4/04