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HomeMy WebLinkAboutResolution No. 2018-13 RESOLUTION NO. - A RESOLUTION OF THE CITY OF FRIENDSWOOD, TEXAS, APPROVING AN AMENDMENT TO THE RESOLUTION DESIGNATING INDIVIDUALS OF THE CITY AS AUTHORIZED REPRESENTATIVES TO THE TEXAS LOCAL GOVERNMENT INVESTMENT POOL ("TEXPOOL/TEXPOOL PRIME"); AND REPEALING ALL OTHER RESOLUTIONS INCONSISTENT OR IN CONFLICT HEREWITH. WHEREAS, on May 20, 1991 the City Council of the City of Friendswood, Texas (the "City")passed and approved Resolution No.R91-28 whereby the City was authorized to establish an account for the purpose of transmitting local funds for investment in a public funds investment pool known as "TexPool;" and WHEREAS, by such Resolution certain officers of the City were thereby authorized to transmit funds to the pool and to withdraw funds from the pool and take such other actions deemed necessary and appropriate for the investment of local funds; and WHEREAS, it has become necessary submit to the pool a revised Resolution Amending Authorized Representatives to act on the City's behalf in connection with the investment of the City's public funds; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS: Section 1. That the individuals whose names and signatures appear in the Resolution Amending Authorized Representatives attached hereto as Exhibit"A" are each hereby authorized p to transmit City public 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. �Section 2. That the Mayor and City Secretary are hereby authorized to execute and attest,respectively,that certain Resolution Amending Authorized Representatives attached hereto as Exhibit "A" by and between the City and the Texas Local government Investment Pool ("TexPool/TexPool Prime"}. Section 3. That all resolutions or parts of resolutions Inconsistent or in conflict herewith are,to the extent of such inconsistency or conflict, hereby repealed. PASSED,APPROVED, 2 D ADOPTED this the day of Jam, 018. or Mike Fore an Mayor ATTEST: N elinda elsh, TRMC City Secretary .° +� $ 4 R2018-13 ding RC­ksolutioon Amen ' PJ_ I'M I -,... � Authorized Representatives Please use this form to amend or designate Authorized Representatives, This document supersedes all prior Authorized Representative forms. Required Fields WHEREAS, f CITY OF FRIENDSwaoo 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`'rith the Public Funds Investment Act. NOW THEREFORE,be it resolved as follo%vs; 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 I 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 deleted by a written instrument signed by two remaining Authorized Representatives provided that the deleted Authorized Representative('t)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 Representatives)of the Participant.Any new individuals vAl be issued personal identification numbers to transact business with TexPool Participant Services. Norad Kabiri Name [City Manager Title N i 81-996-3250/281-482-3722/mkabiri@friendswood.com u PhonelFax/Email nature 2 Katina Hampton Name i k [director of Administrative Services Title 3 1281-996-3221/281,-482-6491,/khampton@friendswood.com Pho eNFaxfEmail k ignat re FORM CONTINUES ON NEXT PAGE 1 GF 2 Nam Title Phone/Fax/Email Signature _ 4. Name Title PhonelFaxlErnai Signature Gist the rta.me,nf the Authorised Representative listed above that%Wl have primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement. r 3 1KCItina Hampton Name in addition and of 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 Wth inquiry rights only, complete the following information. i Fonda Bloskas Name Deputy Director of Administrative Services/Deputy Investment O,fficer Title 1 Phoneffiax/Emait D. That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant,and until TexP'ool 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 2nd day Jul 120 18. Note:`Document is to be signed by your Board President,Mayor or County Judge and attested by your Board Secretary,City Secretaryor County clerk. ITY OF FRIENDS WOOD Name of F'artic#,Parik" •*'� • St E ATTEST Sign rep Signature' , Nike preman Melinda Welsh, TRMC Printed Name* Printed Name* .� mayor �e� e��r ��..�,'"i .•` :,. ICity y * ► . 3. 3; The completed Resolution ArhendinoAuthorize'd Representatives can be faxed to TexPodl Participant Services at 1-866-83g-3291y aind mailed tai: TexPool Participant Services 3001 Texas Avenue,Suite 1400 Houston,TX 77002 ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEX-REP 2 0E 2 t TexI'ool Participant Services Manageod and 1001 T-exas Avenue,Sure I4(X1 * Hvustun,TX 77002 SerNi ed by Rederated. Phone.-1-866-TEXI"OOL(839.7660 fax:1,866-839,3291 s kmv.texpo otxom G4553407 02,15)