HomeMy WebLinkAboutResolution - 6183 - Amend Authorized Representatives For Texpool - 02/11/1999Resolution No. 6183
Item No. 19
February 11, 1999
RESOLUTION
A RESOLUTION AMENDING AUTHORIZED
REPRESENTATIVES
WHEREAS, CITY OF LUBBOCK, TEXAS, ("City") is 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 TexPooI 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 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
participant. These individuals will be issued P.I.N. numbers.
1. Name: Andy Burcham Title: Cash & Debt Manager
Signature: lftAh Direct Phone Number: (806) 775-2149
2. Name: Betsy Bucy Title: Managing Director of Finance
Signature: 1 Direct Phone Number: (806) 775-2161
3. Name: Anna Mosqueda Title: Managing Director of Management Services
Signature: 0m, aJ Direct Phone Number: (806) 775-2002
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 lith day of February , 1999.
Passed by the City Council this 11th day of February , 1999.
AT ST:
Kaythi 6
arnell, City Secretary
APPROVED AS TO CONTENT:
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Betsy Bucy, Nfanaging Director of Finance
APPROVED AS TO FORM:
y L. ; Assi ity Attorney
gs/TexPool.res
ccdoesdanuary 27, 1999