HomeMy WebLinkAboutResolution - 2009-R0169 - Amend Authorized Texpool Representatives - 04/27/2009Resolution No. 2009-RO169
April 27, 2009
Item No. 5.3
RESOLUTION
A RESOLUTION AMENDING
AUTHORIZED REPRESENTATIVES
WHEREAS, CITY OF LUBBOCK (the "City") is a local government of the State of
exas and is empowered to delegate to a public funds investment pool the authority to invest
ands 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
rovide for the preservation and safety of principal, liquidity, and yield consistent with the Public
unds Investment Act; and
WHEREAS, the Texas Local Government Investment Pool ("TexPool), a public funds
vestment pool, was created on behalf of entities whose investment objective in order of priority
e preservation and safety of principal, liquidity, and yield consistent with the Public Funds
vestment Act; NOW THEREFORE:
IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the individuals, whose signatures appear in this Resolution, are
�uthorized 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 by Amending Resolution signed by the City add an
uthorized Representative provided the additional Authorized Representative is an officer,
nployee, or agent of the City;
SECTION 4. THAT the following persons are Authorized Representatives of the City of
bock. Any new individuals will be issued personal identification numbers to transact
ness with TexPool Participant Services.
Name: Lee Ann Dumbauld Title: City Manager
Signature: f Direct Phone Number (806)775-2016
Name:
Andy Burcham
Signature:
Name:
Chelsea Pigg
Signature:
—6 L m
Name:
Chad Sales
Signature:
Title: Chief Financial Officer
Direct Phone Number: (806)775-2149
Title: Senior Financial Analyst
Direct Phone Number: (806)775-2985
Title: Financial Analyst
Direct Phone Number: (806)775-3082
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: Chelsea Pigg
Email CPigg@mylubbock.us
Fax Number (806) 775-2051
addition and at the option of the City, one additional Authorized Representative can be
ignated to perform only inquiry of selected information. This limited representative cannot
form transactions. The City desires to designate the following representative with inquiry
its only:
Dottie Lewis
Title: Senior Accountant
SECTION 5. THAT this Resolution and its authorization shall continue in full force and
pct until amended or revoked by the City, and until TexPool Participant Services receives a
y of any such amendment or revocation. This Resolution is hereby introduced and adopted by
City at its regular meeting held on the 27th day of April , 2009•
by the City Council this 27th day of April , 2009.
TOM MARTIN, MAYOR
TTEST:
ill.-P�c X- ._ J -11
Garza, City Secretary
APPROVED A5 TO CONTENT:
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Andy Bur am, Chief Financial Officer
APPROVED AS TO FORM:
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Chad Weaver
Assistant City Attorney
i/Res.Amending Authorized Representatives
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