HomeMy WebLinkAboutResolution - 2010-R0602 - Authorized Reps On City's Accounts With Texas Local Government Investment Pool - 12/15/2010Resolution No. 2010-RO602
December 15, 2010
Item No. 5.2
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/Texpool Prime")..
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!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.
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
TexPoolfTexPool Prime account or (2) is no longer employed by the City; and
SECTION 3. THAT the City may by Amending Resolution signed by the City add an
Authorized Representative 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 City of
Lubbock. Any new individuals will be issued personal identification numbers to transact
business with TexPool Participant Services.
1. Name: Lee Ann Dumbauld Title: City Manager
Signature: Direct Phone Number (806)775-2016
2. Name: Andy Burcham
Title: Chief Financial Officer
Signature: A74
Direct Phone Number: (806)775-2149
3. Name: Chelsea Pigg
Title: Senior Financial Analyst
Signature:oi:�"Direct
Phone Number: (806)775-2985
4. Name: Chad Sales
Title: Financial Analyst
i
Signature:
Direct Phone Number: (806)775-3082
5. Name: James Capps
Title: Financial Analyst
Signature:
Direct Phone Number: (806)775-2986
List the name of Authorized Representative listed above that will have primary responsibility
for performing transactions and receiving confirmations and monthly statements under the
Participation Agreement.
Name: Chelsea Pigg
Email CPigg@mylubbock.us
Fax Number (806) 775-2051
In addition and at the option of the City, one additional Authorized Representative can be
designated to perform only inquiry of selected information. This limited representative cannot
perform transactions. The City desires to designate the following representative with inquiry
rights only:
Name: Dottie Lewis
Title: Senior Accountant
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 Participant Services receives a
copy of any such amendment or revocation. This Resolution is hereby introduced and adopted by
the City at its regular meeting held on the 15`' day of December. 2010.
Passed by the City Council this 15`h day of December. 2010.
TOM MARTIN, MAYOR
ATTEST:
Rebecc Garza, City Secretary
APPROVED AS TO CONTENT:
Andy Burcham, Chief Financial Officer
APPROVED AS TO FORM:
Chad Weaver, Assistant City Attorney
Reso Amend-09-RO169
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