R99-001 01-11-99 RESOLUTION NO. R99-1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, AUTHORIZING AND APPROVING AN AMENDED PARTICIPA-
TION AGREEMENT WITH TEXPOOL, 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 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; and
WHEREAS, the Participant has entered into a Participation Agreement and has
established an account in its name in TexPool, for the purpose of transmitting local
funds for investment in TexPool; 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 TexPool 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. R99-1
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~o~,,;,Z~.
TITLE: DIRECTOR OF FINANCE
DIRECT PHONE: (281) 485-2411 x321
NAME: CYNTHIA SOTO
SIGNATURE: ~
TITLE: ASSISTANT DIRECTOR OF FINANCE
~ DIRECTPHONE: (281)485-2411 x326
NAME: GLEN R. ERWIN
A-
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
Additionally, the representative listed below is hereby designated to perform
only one inquiry of selected information. This limited representative cannot
make deposits or withdrawals.
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NAME: JANET EASTBURN TITLE:
SIGNATURE: ~~:: ,C~'~%u,C-
Thati~sesolution
Section 2.
STAFF ACCOUNTANT II
and its authorization supersede all prior resolutions
and 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.
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RESOLUTION NO. R99-1
PASSED, APPROVED and ADOPTED this the
A. D., 1999.
TOM REID
MAYOR
ATTEST:
(Yi~~J~NSGEL~T~ARy
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
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