HomeMy WebLinkAboutResolution - 2013-R0301A - Amend Authorized Representatives Of Texstar - 09/26/2013Resoluiton No. 2013-RO301A
September 26, 2013
Item No. 5.4
A RESOLUTION AMENDING
AUTHORIZED REPRESENTATIVES OF TEXSTAR
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, TexSTAR, 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 TexSTAR 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
TexSTAR 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 TexSTAR.
Name: Pamela Moon
Signature:Li_
Title: Executive Director of Finance
Direct Phone Number 806.775.2148
e-mail: pmoon@mylubbock.us
2. Name: Danielle Whitfi)l,
" r
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
e-mail: pmoon(c�t7mylubbock.us
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 TexSTAR 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 September 26, 2013
4EC. 4kR(1B_E"RTSON, MAYOR
ATTEST:
Reca Garza, City Secret
APPROVED AS TO CONTENT:
� 046y-�
Pam Moon, Executive Director of Finance
APPROVED AS TO FORM:
Chad Weaver, Assistant City Attorney
ccdocs/RES.TexSTAR Representatives
September 6. 2013