HomeMy WebLinkAboutResolution - 2013-R0301 - Amending Authorized Representatives For Texpool - 09/26/2013Resolution No. 2013-RO301
September 26, 2013
Item No. 5.4
A RESOLUTION AMENDING
AUTHORIZED REPRESENTATIVES FOR TEXPOOL
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 TexPoollTexpool 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
TexPool!TexPool 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: Pamela Mf]oon Title: Executive Director of Finance
Signature: Direct Phone Number 806.775.2148
e-mail: pmoonmylubbock.us
2. Name: Danielle Whitfill
Signature:
3. Name: Whitney Dane
Signature:
Title: Financial Analyst
Direct Phone Number 806.775.2985
e-mail: dwhitfill@mylubbock.us
Title: Senior Financial Analyst
Direct Phone Number 806.775.2984
e-mail: wdane@mylubbock.us
The Authorized Representative listed above that will have primary responsibility for performing
transactions and receiving confirmations and monthly statements under the Participation
Agreement is as follows:
Name: Pamela Moon
Email: pmoon@mylubbock.us Fax Number 806.775.2148
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: Brack Bullock Title: Accounting Supervisor
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 26th day of September, 2013.
Passed by the City Council on
ATTEST:
A�
Rebe ca Garza, City Secret
tember 26, 2013
APPROVED AS TO CONTENT:
Pam Moon, Executive Director of Finance
APPROVED AS TO FORM:
44 ,.
Chad Weaver, Assistant City Attorney
RES.TexPool Representatives
September 6, 2013