R2019-078 2019-03-25 RESOLUTION NO. R2019-78
A Resolution of the City Council of the City of Pearland,Texas,authorizing the
City Manager and/or the Chief Financial Officer to negotiate and execute any
and all contracts and other documents incident to establishing bank and
investment account(s)for the purpose of investing in authorized investments
and financial institution deposits.
WHEREAS, the City of Pearland desires to invest in authorized investments and financial
institution deposits for investment and deposit purposes; and,
WHEREAS, the City of Pearland is authorized under applicable law and City of Pearland
Investment Policy to contract with investment firms and financial institutions for investment and
deposit purposes; now therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the findings and provisions set out in the preamble to this resolution are
hereby in all things approved and adopted.
Section 2. That the following City of Pearland employees whose titles are set forth below
are hereby authorized to negotiate and execute any and all contracts and other documents as
necessary to establish the City of Pearland investment and financial institution accounts, with the
express powers granted to enter into treasury management services agreements as necessary for
account transactions, including but not limited to deposit,withdrawal,and transfer via wire and ACH:
1. Title: City Manager
2. Title: Chief Financial Officer
Section 3. That the City Secretary is hereby authorized to provide such certifications as
may be necessary or convenient to confirm the title, identity, and signature of each person holding
one of the aforesaid titles and the authority of said persons with respect to the transactions
authorized herein.
Section 4. That the authorization provided herein is contingent upon the approval of the City
of Pearland General Counsel or designee of all contracts and other documents to be executed
pursuant to the authority granted herein.
RESOLUTION NO. R2019-78
Section 5. That all investments made under the authority provided herein are to be
conducted in strict accordance with City of Pearland Investment Policy and applicable law.
Section 6. That this resolution shall be effective immediately from and after its date of
passage.
PASSED, APPROVED and ADOPTED this the 25th day of March, A.D., 2019.
TOM REID
MAYOR
ATTEST:
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Y SEE.' TARY
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY