R2003-0111 08-11-03 RESOLUTION NO. R2003-111
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, AUTHORIZING PARTICIPATION IN THE TEXSTAR INVESTMENT
POOL.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That certain application to participate in the TexStar Investment Pool,
a copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes,
is hereby authorized and approved.
Section 2. That the City Manager or his designee is hereby authorized to execute
the City's application to participate in the TexStar Investment Pool.
PASSED, APPROVED and ADOPTED this the 11th dayof Auqust ,
A.D., 2003.
ATTEST:
SEO~ETARY ~
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
TOM REID
MAYOR
Exhibit "A"
Resolution No. R2003-111
APPLICATION FOR PART ICIPATION IN TExSTAR
The undersigned local government (Applicant) applies and agrees to become a Participant in the Texas Short Term
Asset Reserve Program (TEXSTAR).
Authorization. The governing body of Applicant has duly authorized this application by adopting the
following resolution at a meeting of such governing body duly called, noticed, and held in accordance with the
Texas Open Meeting Law, chapter 551, Texas Government Code, on t~:_uj_~_~_._.A'_L1L//, 20_d~
WHEREAS, it is in the best interests of this governmental unit ("Applicant") to invest its funds jointly with other
Texas local governments in the Texas Short Term Asset Reserve Program (I-EXSTAR) in order better to
preserve and safeguard the principal and liquidity of such funds and to earn an acceptable yield; and
WHEREAS, Applicant is authorized to invest its public funds and funds under its control in TExSTAR and to
enter into the participation agreement authorized herein;
NOW, THEREFORE, BE IT RESOLVED THAT:
SECTION 1. The form of application for participation in TEXSTAR attached to this resolution is approved. The
officers of Applicant specified in the application are authorized to execute and submit the application, to open
accounts, to deposit and withdraw funds, to designate other authorized representatives, and to take all other
action required or permitted by Applicant under the Agreement created by the application, all in the name and
on behalf of Applicant.
SECTION 2. The TEXSTAR Investment Policy is adopted as Applicant's investment policy, the TEXSTAR
investment officers are designated as Applicant's investment officers, and the TExSTAR Board is designated
as custodian and depository, in each case for Applicant's public funds and funds under its control that are
deposited with TExSTAR. Unless Applicant provides a contrary investment policy to TEXSTAR, it shall be
Applicant's investment policy that any or all of its public funds and funds under its control may be invested in
and through TExSTAR.
SECTION 3. This resdution will continue in full force and effect until amended or revoked by Applicant and
written notice of the amendment or revocation is delivered to the TEXSTAR Board.
SECTION 4. Terms used in this resolution have the meanings given to them by the application."
Agreement. Applicant agrees with other TEXSTAR Participants and the TEXSTAR Board to the Terms and
Conditions of Participation in TEXSTAR, effective on this date, which are incorporated herein by reference.
Applicant makes the representations, designations, delegations, and representations described in the Terms
and Conditions of Participation.
Authorized Representatives. Each of the following Participant officials is designated as Participants
Authorized Representative authorized to give notices and instructions to the Board in accordance with the
Agreement, the Bylaws, the Investment Policy, and the Operating Procedures:
Name ~ Signature Title
.................................................. :.~!.n?.~?.e..pi.r.e.c..t.o.,:...
.... Mary Ross ~ ~... ~ Director of Finance
Direct Phone
281-652-1671
....... ............
....... .:.s. !.:.6.5. ~:.[ .~....
The following Participant official listed above is designated as the Primary Contact and will receive all
TexSTAR correspondence including transaction confirmations and monthly statements [required]:
Name E-mail address
Andrea Jason
The following Participant official not listed above is designated as a Participant Inquiry Only Representative
authorized to obtain account information [optional]:
..... .... ....
Applicant may designate other authorized representatives by written instrument signed by an existing
Applicant Authorized Representative or Applicant's chief executive officer.
Taxpayer Identification Number. Applicant's taxpayer identification number is ...... 7.4.7.6..0..2.8..9..0.9. .....
Bank Information Sheet(s). The attached ~nsert quantity] ...... 1. ..... Bank Information Sheet(s) is or are
approved and incorporated herein by reference to establish account(s) in the name of Applicant.
Approved and accepted:
TEXAS SHORT TERM ASSET RESERVE FUND
By: FIRST SOUTHWEST ASSET MANAGEMENT, INC.,
Participant Services Administrator
Title
.......
(Printed name and title)
Signer
TexSTAR
RECEIVED AUG 2 5 2003
BANK INFORMATION :SHEET
EFFECTIVE DATE:
Please check all that apply.
J~ Add new account J~'wire and ACH*
B Change Information B Wire Only
BACH Only*
0.2 0oo iJ __ 0_(2o
Location Series Fund
General Fund
City of Pearland
Bank Name:
Participant Name
3519 Liberty_ Drive
Street Address
3519 Liberty_ Drive
Mailing Address
Pearland TX 77581 Brazoria
City State Zip County
Andrea Jason
(281) 652-1671
Primary Representative
(281) 652-1707
Account Name Phone Fax
INSTRUCTIONS
Wells Fargo Bank
Bank Address:
2800 E. Broadway St.
City: Pearland State: Tx Zip: 77581
Bank ABA No. (9 digits):
111900659 Bank Account No: 2010419505
Bank Account Name:
Bank Contact:
Correspondent Bank (if any) Name/City:
Bank ABA No: Account Name: Account No:
CONFIRM THE INSTRUCTIONS FOR WIRE AND ACH TRANSFERS WITH YOUR LOCAL BANK. ACH INSTRUCTIONS MAY VARY FROM YOUR
BANK'S WIRING INSTRUCTIONS IF THE LOCAL BANK IS NOT ON-LINE WITH THE FEDERAL RESERVE, IF ACH INSTRUCTIONS DIFFER FROM
WIRING INSTRUCTIONS, PLEASE COMPLETE AN ADDITIONAL BANK INFORMATION SHEET.
* If ACH availability is selected, I hereby authorize JP Morgan Chase to directly deposit and withdraw funds by means of ACH electronic transfer to and
from the financial institution and the account designated above ("Designated Account"). I agree that this authorization may be withdrawn with at least
45-days advance written notice to TexSTAR Participant Services. I understand that TexSTAR reserves the right to discontinue ACH electronic transfer
without advance notice. I also authorize JP Morgan Chase to deduct from the Designated Account or from subsequent deposits made to the Designated
Account all amounts deposited in error. Likewise, I authorize JP Morgan Chase to credit all amounts withdrawn in error to Designated Account.
NOTE: This authorization must be executed by two current Authorized Representatives of the Participant as set forth in the duly
enacted Resolution of the Participant which is on file with TexSTAR.
As a current Authorized Representative, I certify that the above information is both true and correct.
Andrea Jason
Printed Name
A~thorized~tative Signature
Maw Ross
Asst. Finance Direct.
Title
Director of Finance
Date
Date
Printed Name Title