R2001-0074 06-11-01 RESOLUTION NO. R2001-74
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
RESOLUTION NO. R2001-74
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: Jimmy Cause,y~,,/~ . Title: Director of Finance
Signature Direct Phone Number: (281) 652-1672
2. Name: William Eisen Title: City Manager
Signature: J~,~ r,'~ Direct Phone Number: {281) 652-1663
3. Name: C,y~nthiaSoto / Title: Assistant Director of Finance
Signature: Direct Phone Number: (281) 652-1671
The Authorized Representative listed below will have primary responsibility for
performing transactions and receiving confirmations and monthly statements
under the Participation Agreement.
Name: Janet Eastburn
Additionally, the representative listed below is hereby designated to perform
only inquiry of selected information. This limited representative cannot make
deposits or withdrawals.
4. Name: Susan Vu Title: Staff Accountant I
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RESOLUTION NO. R2001-74
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 1:[ day of June
A. D., 2001. ~
TOM REID
MAYOR
ATTEST:
APPROVED AS TO FORM~
DABRIN M. COKE~
CITY ATTORNEY
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