R2003-0034 02-24-03 RESOLUTION NO. R2003-34
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, AMENDING THE AUTHORIZED REPRESENTATIVES TO THE
TEXAS LOCAL GOVERNMENT INVESTMENT POOL.
WHEREAS, the City of Pearland ("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"), a public
funds investment pool, was 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,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. 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 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. 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 a~signed job dutie~ that no
RESOLUTION NO. R2003-34
longer require access to the Participant's TexPool account or (2) is no longer employed
by the Participant.
Section 3. 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 of authorized representatives of the Participant. These individuals will be
issued P.I.N. numbers.
1. Name:
Signature:
2. Name:
o
Mary Ross
Title: Director of Finance
Direct Phone Number: (281) 652-1672
Title: City Manager
Direct Phone Number: (281) 652-1663
Name: Janet Eastburn Title: Accounting Supervisor
Signatur%;-~'~-~.~.~ ~~t~L-'-- Direct Phone Number: (281) 652-1669
The Autliu~zed Representative listed below will have primary responsibility for
performing transactions and receiving confirmations and monthly statements
under the Participation Agreement.
Name: Mary Ross
Email: mross@ci.pearland.tx.us
Fax: (281)-652-1707
Additionally, the representative listed below is hereby designated to perform
only inquiry of selected information. This limited representative cannot make
deposits or withdrawals.
Name: Susan Vu Title: Budget Analyst
2
RESOLUTION NO. R2003-34
Section 2. That this Resolution and its authorization shall continue in full force
and effect until amended or revoked by the Participant, and until TexPool receives a
copy of any such amendment or revocation.
PASSED, APPROVED and ADOPTED this the
A. D., 2003.
24th day of February
MAYOR
ATTEST:
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
3
Exhibit "A"
R2003-34
RESOLUTION AMENDING
AUTHORIZED REPRESENTATIVES
WHEREAS, CITY OF PEARLAND
(Participant Name & Location Number)
("Participant") is a local government of the State of Texas and is empowered to delegate to a public funds
invesUnent 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 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 all remaining Authorized Representatives provided that the deleted Authorized Representative (I)
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 the Participant. Any new individuals will be issued personal identification
numbers to transact business with Texpool participant services.
ORIGINALS REQUIRED TEX - REP
Tffie CITY MANAGER
Phone Number (281) 652-166~
2. Name
Signature
3. Name
Signature
4. Name
MARY ROSS Title DIRECTOR OF FINANCE
~fi/~~ ~'~ Phone Number (281)652-1672
JANET T~de ACCOUNTING SUPERVISOR
Phone Number (281) 652-1669
Title
Signature Phone Number
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.
Name MARY ROSS. ~~ ~
Email mross@ci.pearland, tx.u~' Fax#: (281)652-1707
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 make perform transactions. If
the Participant desires to designate a representative .with inquiry rights only, complete the following information.
5. l~alTle SUSAN VU o/,~U~..~ Title BUDGET ANAT,YST
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 24th day February ,2003 .
NAME OF PARTICIPANT
BY:
CITY OF PEARLAND
Signature
WILLIAM EISEN
yame
(-.~..~CITY MANAGER
UNG ~,~RFING
CITY SECRETARY
Title
*This document supersedes all prior Authorized Representative de signati°n.
ORIGINALS REQUIRED TEX - REP