HomeMy WebLinkAbout2025 02 03 Certification of Resolution No. R2025-03City of Friendswood
Certification of Resolution
910 South Friendswood Drive
Friendswood, Texas 77546-4856
Phone: (281) 996-3270 • Fax: (281) 482-1634
I, LETICIA BRYSCH THE DULY APPOINTED CITY SECRETARY OF THE CITY OF FRIENDSWOOD,
HARRIS COUNTY AND GALVESTON COUNTY, TEXAS, DO HEREBY CERTIFY AND ATTEST THAT
AS PART OF MY DUTIES, I DO SUPERVISE AND ACT AS LAWFUL CUSTODIAN OF THE RECORDS OF
THE CITY OF FRIENDSWOOD; AND THAT THE ATTACHED DOCUMENT IS A TRUE AND CORRECT
COPY OF RESOLUTION NO. R2025-03.
RESOLUTION NO. R2025-03
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
FRIENDSWOOD, TEXAS, DESIGNATING REPRESENTATIVES OF
THE CITY WHO ARE AUTHORIZED ( I) TO TRANSMIT FUNDS
FOR INVESTMENT IN THE TEXAS LOCAL GOVERNMENT
INVESTMENT POOL, ( II) TO WITHDRAW FUNDS FROM TIME
TO TIME, ( III) TO ISSUE LETTERS OF INSTRUCTION, AND( IV)
TO TAKE ALL OTHER ACTIONS DEEMED NECESSARY OR
APPROPRIATE FOR THE INVESTMENT OF CITY FUNDS; AND
PROVIDING FOR THE EFFECTIVE DATE THEREOF.
ADOPTED BY THE CITY COUNCIL AT ITS MEETING HELD ON MONDAY, FEBRUARY 3, 2025.
WITNESS MY HAND AND SEAL OF THE CITY ON THIS 15TH DAY OF FEBRUARY 2025.
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3
STATE OF LETICIA BRYSCH, CI EC TARY
RESOLUTION NO. R2025.03
A RESOLUTION OF THE CITY COUNCIL OF TILE CITY OF FRIENDSWOOD,
TEXAS, DESIGNATING REPRESENTATIVES OF THE CITY WHO ARE
AUTHORIZED (I) TO TRANSMIT FUNDS FOR INVESTMENT IN THE TEXAS
LOCAL GOVERNMENT INVESTMENT POOL, (II) TO WITHDRAW FUNDS
FROM TIME TO TIME, (III) TO ISSUE LETTERS OF INSTRUCTION, AND (IV)
TO TAKE ALL OTHER ACTIONS DEEMED NECESSARY OR APPROPRIATE
FOR THE INVESTMENT OF CITY FUNDS; AND PROVIDING FOR THE
EFFECTIVE DATE THEREOF.
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WHEREAS, the City of Friendswood, as a local government of the State of Texas, 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, the City Council of the City of Friendswood believes that it is in the best interest
of the City to invest local ftmds 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 objectives in order of priority, are
preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment
Act; and
WHEREAS, the City desires to update the representatives of the City who are authorized (i) to
transmit funds for investment in TexPool, (ii) to withdraw funds from time to time, (iii) to issue letters
of instruction, and, (iv) to take all other actions deemed necessary or appropriate for the investment of
City funds; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE
OF TEXAS:
Section 1. The facts and matters set forth in the preamble of this resolution are hereby
found to be true and correct.
Section 2. That the City Council of the City of Friendswood hereby authorizes the
following officers or employees of the City (i) to transmit funds for investment in TexPool, (ii) to
withdraw funds from time to time, (iii) to issue letters of instruction, and (iv) to take all other actions
deemed necessary or appropriate for the investment of City funds:
1. Morad Kabiri, City Manager,
2. Katina Hampton, Assistant City Manager, and
3. Rhonda Bloskas, Director of Finance.
Section 3. The City Council of the City of Friendswood, Texas, hereby authorizes the
Mayor to execute the TexPool's Resolution Amending Authorized Representatives, which is attached
hereto as Exhibit "A" and incorporated herein for all intents and purposes.
Section 4. This resolution shall take effect immediately from and after its passage by the
City Council of the City of Friendswood.
INTRODUCED, READ, AND PASSED by the affirmative vote of the City Council of the
City of Friendswood on this the 3'd day of February, 2025. _ i /
Mayor Pro Tern
APPROVED AS TO FORM:
s
11ACity Council\Rcs lutions�2025\02-03-2025\Rmlution - Debignating Authorittd Representative k)r TnPOOL.dcea
Exhibit "A"
TLXPCOOI.
F\ IV'JESi`d ENT SERVICE ;OR 0„911C LANDS
Resolution Amending
Authorized Representatives
Please complete this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized
Representative forms.
' Required Fields
WHEREAS,
The City of Friendswood 7 7 5 2 1
Participant Name' Location Number*
("Participant") 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 Participant 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, were 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 as follows:
A. That the individuals, whose signatures appear in this Resolution, are Authorized Representatives of the Participant 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.
B. That an Authorized Representative of the Participant may be deleted by a written instrument signed by two remaining Authorized
Representatives provided that the deleted Authorized Representative (1) is assigned job duties that no longer require access to the
Participant's TexPool / TexPool Prime account or (2) is no longer employed by the Participant; and
C. That the Participant may by Amending Resolution signed by the Participant add an Authorized Representative provided the
additional Authorized Representative is an officer, employee, or agent of the Participant;
List the Authorized Representative(s) of the Participant. Any new individuals will be issued personal identification numbers to transact
business with TexPool Participant Services.
1. Morad Kabiri City Manager
Name Title
2 8 1 9 9 6 3 2 5 6 2 8 1 4 8 2 3 7 2 2 mkabiri@friendswood.com
Phone Fax Fina.I
Signature
2. Katina Hampton Assistant City Manager
Name idle
2 8 1 9 9 6 3 2 2 1 2 8 1 4 8 2 6 4 9 1 khampton@friendswood.com
Pho,,e Fa. Fina�l
Signature
3, Rhonda Bloskas Director of Finance
Name T t'e
2 8 1 9 9 6 3 2 1 6 2 8 1 4 8 2 6 4 9 1 rbloskas@fdendswood.com
Phone Fa, L,ad
Signature
Form Continues on Next Page 1 of 2
1. Resolution (continued)
4.
Name
Title
L1_LII i L !_1_L_l L1_LJ_]_ '._ J___L ;__I I__-_
Phone Fax Email
Signature
_J
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.
Rhonda Bloskas
Name
In addition and at the option of the Participant, one additional Authorized Representative can be designated to perform only inquiry of
selected information. This limited representative cannot perform transactions. If the Participant desires to designate a representative with
inquiry rights only, complete the following information.
Jennifer Walker
Name
Deputy_DirectcrofFinance
Title
2 j�1 �9 6 �3 2 l 1�f 2 8 �1 (4 8 1 2 6 4 i 9 111 jwalker@friendswood.com j
Phone Fax Email
D. That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant, and
until TexPool Participant Services receives a copy of any such amendment or revocation. This Resolution is hereby introduced and
adopted by the Participant at its regular/special meeting held on the "J day of I , u o J! J.
Note: Document is to be signed by your Board President, Mayor or County Judge and attested by your Board Secretary, City
Secretary or County Clerk.
The City of Friendswood
Name of Participant -
SIGNED
Signature'
Mike Foreman
Printed Name'
Mayor
Title'
2. Delivery
Please return this document to TexPool Participant Services:
Email: texpool@dstsystems.com
Fax:866-839-3291
ATTEST
Signature`
Leticia Brysch
Printed Name'
City Secretary/Assistant City Manager I
Title*
TEX-REP
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