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HomeMy WebLinkAboutRes 2004-10 RESOLUTION NUMBER 2004-10 WHEREAS; City of West University Place, Texas 78445 ("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 object 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 form 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 all 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 Representatives of tile Participant. Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. 1. Name: Walt~r Thomas Signature alaN if.!~ Title: Fillance Director Phone: 713~662.5816 2. Name: Alan Tumey Title: Assistant Finance Director Signature Phone: 713.662.5819 Signature 3. Name: Title: City Manager Phone: 713.662.5810 ( List the name of the Authorized Representative listed above that will have primary responsibility for performing transaction and receiving confirmations and monthly statements under the~ Participation Agreement. Name: Walter Thomas Email: vvthomas@westu~org Fax Number: 713.662.5804 In addition and at the option of the Participant, one additional Authorized Representative can be designated to perform only inquiry of select information. This limited representative cannot perform transactions. If the Participant desires to designate a representative with inquiry rights only, complete the following information. 5. Name: None Title: None D. Tllat 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 16th day of August, 2004. City of West University Place By: Burt Ballanfant .. Mayor Atte Ka olloway - City Secretary This document supersedes all prior Authorized Represelltative designations.