R99-002 01-11-99 RESOLUTION NO. R99-2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, AUTHORIZING AND APPROVING AN AMENDED PARTICIPA-
TION AGREEMENT WITH LONE STAR INVESTMENT POOL, FOR
PURPOSES OF AMENDING THE LIST OF THE CITY'S AUTHORIZED
REPRESENTATIVES.
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, the Lone Star Investment Pool ("Lone Star"), 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; and
WHEREAS, the Participant has entered into a Participation Agreement and has
established an account in its name in Lone Star, for the purpose of transmitting local
funds for investment in Lone Star; and
WHEREAS, the Participant hereby requests changes regarding the individuals
authorized to act on behalf of the Participant; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the individuals, whose signatures appear on page 2 of this
Resolution, are authorized representatives of the Participant and are each hereby
authorized to transmit funds for investment in Lone Star and are each further
authorized to withdraw funds from time to time, to issue letters of instruction, and to
take all actions deemed necessary or appropriate for the investment of local funds.
RESOLUTION NO. R99-2
List of authorized representatives of the Participant. These individuals will be
issued P.I.N. numbers. All confirmations and monthly statements will be mailed
to the attention of the first person listed (No, 1),
NAME: DAVID CASTILLO
SIGNATURE."T~,~.,.~:~
TITLE: DIRECTOR OF FINANCE
DIRECT PHONE: (281) 485-2411 x321
NAME: CYNTHIA SOTO
SIGNATURE: ~
TITLE: ASSISTANT DIRECTOR OF FINANCE
~~"'DIRECT PHONE: (281) 485-2411 x326
3. NAME: GLEN R. ERWIN
TITLE: CITY MANAGER
DIRECT PHONE: (281) 485-2411 x283
The Authorized Representative listed below will have primary responsibility for
performing transactions and receiving confirmations and monthly statements
under the Participation Agreement.
NAME: DAVID CASTILLO
Section 2. That this Resolution and its authorization supersede all prior resolutions
and shall continue in full force and effect until amended or revoked by the Participant,
and until Lone Star receives a copy of any such amendment or revocation.
Section 3. The following officers, officials, or employees of the Participant are
hereby deleted as Authorized Representatives within the meaning of the Interlocal .
Agreement (Agreement), removing full power and authority to execute the Agreement
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RESOLUTION NO. R99-2
and any other documents, as may be required to deposit money to and withdraw
money from the Participant's Pool Account:
Printed Name: Paul Grohman
PASSED, APPROVED and ADOPTED this the////'//d ~'iqAIIZ41(y
A. D., 1999.
TOM REID
MAYOR
ATTEST:
Y~~~!~3E~RY
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
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