HomeMy WebLinkAboutRes 2001-11
Resolution No. 2001-11
A RESOLUTION APPROVING BROKERS FROM WHICH THE CITY
WOULD PU;RCHASE INVESTMENTS; AUTHORIZING A LETTER
AGREEMENT; AND CONTAINING FINDINGS AND PROVISIONS
RELATED TO THE SUBJECT
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WEST UNIVERSITY PLACE:
Sectioll 1. The City Council approves tIle following as brol<ers fr01TI which
the City Inay purcllase il1vestments, subject to th.e state laws reglllatil1g IJublic
investluents and the City's investnlent policy adopted as part of Cllapter 2 of tIle
Code of Ordinal1ces.
FirlTI. Bro,ker( s )
Merrill L YI1Cl1 Jerome Selle gal, Latrissa Gord.oll-
Kral11er, alld A~lgela Vincel1t
NBC Capital Marl<ets Group Stewali WortllalU, JOhl1 Pitts, Larry
Lewis, ALldrew Van Vu.lpen
Coastal Securities Tony Selcaly
Morgan Stanley Dean Witter & Co~ Lee HlUldley
Section 2. TIle City Council alltllorizes a letter agreelnent witll SllCl1
brokers, ill a fOfin tllat complies with tIle City~s itlVestlnent policy and state law
and is approved by the Finallce Director.
Sectiol1 3. All resolutiol1S and parts of resollttions ill cOlrl1ict herewitll are
11ereby repealed to tIle extent of tIle conflict OIlly.
Section 4~ If any word, phrase~ clause, sel1tence, paragrapll, sectioll or other
part of tllis resolution or tIle application tllereof to any person or CirCll.ll1stallce,
sllall ever be l1elcl to be invalid. or UI1C011stitlltiol1al by lilY COlltt of cOll1petent
jurisdiction, tIle reluainder of this resolution and the alJplicatiol1 of Sllc"h wOfcl,
phrase, clause, sentel1ce, paragrapll, sectioll, or other part of this resoJlltioll to any
otller perSOll or cirCllnlstallces sllalll10t be affected tllereby.
Section. 5. Tile City COllncil offlcially fillds, deterlnilles al1d declar~s filat a
Sllfficient written 110tice of tIle date, llour, place and subject of eacll n1eetil1g at
Wllicll tllis resolution was discussed, COllsidered or acted tlpOn "vas give:n ill tile
ll1ailller reqllired by tIle Texas Open Meetings l....aw, as anlellded~ and t11at eacll SllCll
Ineetil1g l1as been open to tIle public as required by law at all tillles d.l1ril1g sllc11
discussion, COllsideration alld actiorl. TIle City Council ratifies, approves and
cOl1firll1s SUCll110tices and. the contellts and pOSti11g tllereof.
Sectiol1 6. TIns notice sllall talce effect ilulnediately llpon, its adoptioll and
signattlre.
~L3
~l~
.PASSED, APPROVED AND ADOPTED ON,
Signe ·
ATTEST: (SEAL)
~ 2001