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Home My WebLink AboutRes 2018-02 Amending Representatives to the Texas Local Government Investment Pool (TEXPOOL)City of West University Place Harris County, Texas RESOLUTION NO. 2018 -02 RESOLUTION OF THE CITY OF WEST UNIVERSITY PLACE, TEXAS, AUTHORIZING A RESOLUTION AMENDING AUTHORIZED REPRESENTATIVES TO THE TEXAS LOCAL GOVERNMENT INVESTMENT POOL ( "TEXPOOL / TEXPOOL PRIME ") TO CONDUCT TRANSACTIONS FOR THE INVESTMENT OF CITY FUNDS. WHEREAS, the City of West University Place, Texas ( "Participant ") entered into a Participation Agreement ( "Agreement ") between the City and Texas Local Government Investment Pool ( "TexPool / Texpool Prime ") on June 8, 1992 by Resolution Number 92 -08. WHEREAS, the Agreement requires the Participant to follow certain operating procedures with the respect to the establishment and maintenance of accounts; and WHEREAS, the Agreement's operating procedures requires a resolution amending Authorized Representatives that were approved by a Participant's governing body; and WHEREAS, the TexPool / Texpool Prime Amending Resolution attached to by form states that the Resolution Amending Authorized Representatives supersedes all prior resolutions authorizing representatives; and WHEREAS, the 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 TexPool / Texpool Prime, a public funds investment pool, consisting of separate pooled investment funds, was created pursuant to the provisions of Chapter 791, Texas Government Code, on behalf of entities to provide government functions and services, specifically public funds investment, 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 WEST UNIVERSITY PLACE, TEXAS: Section 1. That the Finance Director shall designate one or more individuals to act as Authorized Representatives of the City of West University Place, in the manner provided in the form attached titled TexPool / Texpool Prime Resolution Amending Authorized Representative, to transmit funds for investment in the TexPool / Texpool Prime Pool and to withdraw funds from the TexPool / Texpool Prime Pool from time to time, to issue letters of instruction, and take such other actions deemed necessary or appropriate for the investment of local funds. Section 2. That the individuals, whose signatures appear in the TexPool / Texpool Prime Resolution Amending Authorized Representatives, attached to by form, 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. Section 3. 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 Section 4. 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. Section 5. 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. Section 6. That the listed Authorized Representatives are appointed each as Investment Official of the City of West University Place, Texas, to transmit funds for investments and to withdraw funds from time to time, to issue letters of instruction, and take such other actions deemed necessary or appropriate for the investment of local funds. 1. Name: Marie Kalka Title: Finance Director Phone: 713 - 662 -5816 2. Name: Darla Steubing Title: Fiscal Svcs Officer Phone: 713 - 662 -5819 3. Name: Harrison Nicholson Title: Treasurer Phone: 713 - 662 -5817 Section 7. That this Resolution shall take effect immediately upon its passage �1E5T 0 N PPROVED ND ADOPTED on the may of�G 2018. t s • ^' ti wKl� Signed cvn (l C \ ecretary ( al) Mayor 8 Approved as to legal form: City Attorney Please use this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized Representative forms. "Required Fields Resolution Amending Authorized Representatives WHEREAS, City of West University Place I I7 18 14 14 15 I 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 Loral 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; Usl the Authorized Representative(s) of the Participant. Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. Marie Kalka Name IFinance Director I Tine V13- 662 - 5816/713- 662 - 5804 /mkalkaQwestubc.gov I Signature 2.1 Harrison Nicholson Name ITreasurer Tile FORM CONTINUES ON NEXT PAGE 1 OF 2 3.I Darla Steubing Name I Fiscal Services Officer nee 4.1 1 Name I I Title I I Phone /Fax /Email Signature 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. (Marie Kalka I 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. I I Name I I nee Phone /Fav/Emall 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 day , 20_. 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. Pity of West University Place Name of Participant' SIGNED c acvn V / �c�rr 2 t I nature* (Susan Sample I Pdntad Name* MW (Thelma Gilliam I Printed Name' (City Secretary I Title' The completed Resolution Amending Authorized Representatives can be faxed to TexPool Participant Services at 1-866 -839 -3291, and mailed to: TexPool Participant Services 1001 Texas Avenue, Suite 1400 Houston, TX 77002 ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEX -REP 2 OF 2 TexPool Participant Services Managed and Federated 1001 Texas Avenue, Suite 1400 • Houston, TX 77002 Serviced by u Phone: 1.866TEXPOOL(839 -7665) • Fax: 1.866839.3291 • %w .texpool.cum G4534017(12115)