HomeMy WebLinkAboutR2008-010s:\our documentslresolutions108\texpool.doc
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RESOLUTION NO. 200 ' D/D
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON AMENDING THE
CITY'S DESIGNATED AUTHORIZED REPRESENTATIVES TN THE TEXAS LOCAL
GOVERNMENT INVESTMENT POOL ("TEXPOOL"); AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City of Denton ("Participant") is a local government of the State of
Texas and is empowered to delegate to the public funds investment pools 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 Govemment Investment Pools ("TexPool"), a public funds
investment pools, were 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; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. 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 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. An Authorized Representative of the Participant may be deleted by a
written instrument signed by all remaining Authorized Representatives provided that the deleted
Authorized Representatives (1) is assigned job duties that no longer require access to the
Participant's TexPool account or (2) is no longer employed by the Participant.
SECTION 3. 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 will be issued
personal identification numbers to transact business with TexPool Participant Services.
1. Name: Jon Fortune
Phone/Fax/Em
Signature:
Title: Assistant Citv Manaeer
s:bur documents\resolu[ions\08\tezpool.doc
2. Name: Bryan Lanelev
Phone/Fax/Em
Signature:
3. Name: Caroline Finley Title: Treas & Debt Mana erPhone/Fax/Email: 940.349.7743 / 940.349 7206 / cazoline finleyna citvofdenton com
Signature: L,,,~
4. Name: Antonio Puente, Jr.
Phone/FaxBm
Signature:
5. Name: xanaee nungeie
Phone/Fax/Em
Signature:
List the name of the Authorized Representative listed above that will have primary responsibilityforperformingtransactionsandreceivingconfirmationsandmonthlystatementsundertheParticipationAgreement.
Name: Randee Klineele
In addition and at the option of the Participant, one additional Authorized Representative can bedesignatedtoperformonlyinquiryofselectedinformation. This limited representative cannotperformtransactions. If the Participant desires to designate a representative with inquiry rightsonly, complete the following information
Name:Title:
SECTION 4. This Resolution and its authorization shall continue in full force and effectuntilamendedorrevokedbytheParticipant, and until TexPool Participant Services receives a
copy of any such amendment or revocation.
SECTION 5. This Resolution shall become effective immediately upon its passage andapproval.
PASSED AND APPROVED this the ~ 2 day of ~U2 , 2008.
l./ - ~~ ~~
PE R. McNEILL, MAYOR
Page 2
Title: Director of FinanrP
Title: Revenue & Treasury Analyst
Title: Treasury Services Specialist