R-2012-112-2012-08-13RESOLUTION NO. R2012-112
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 assigned job duties that no longer require
access to the Participants TexPool account or (2) is no longer employed by the Participant.
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RESOLUTION NO. R2012-112
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 to transact business with Texpool Participant Services.
1. Name: Claire Bogard
Title: Director of Finance
Phone/Fax/Email: (281) 652-1671, Fax 281 652-1707, cbogard aC,ci.pearland.tx.us
Signature:
2. Name: Rick Overgaard Title: Assistant Director of Finance
Phone/Fax/Email:281 652-1771,Fax 281 652-1707,rovergaard@ci.pearland.tx.us
Signature:
3. Name: Fatima Uwakwe
Title: Accounting Supervisor
Phone/Fax/Email:281 652-1672, Fax 281 652-1707, fuwakweaci.pearland.tx.us
Signature:
The Authorized Representative listed below will have primary responsibility for
performing transactions and receiving confirmations and monthly statements under
the Participation Agreement.
Name: Rick Overgaard
Section 4. 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.
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RESOLUTION NO. R2012-112
PASSED, APPROVED and ADOPTED this the 13th day of August, A. D., 2012.
ATTEST:
YO G LO
CI ECR ARY
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
TOM REID
MAYOR
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