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Home My WebLink AboutR-3492-7-17RESOLUTION NO. 3492-7-17(R) ' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, AMENDING PRIOR DESIGNATIONS OF INVESTMENT OFFICERS OF THE CITY AND AUTHORIZING INDIVIDUALS TO INVEST, TRANSFER, WITHDRAW, DEPOSIT, GIVE INSTRUCTIONS ON BEHALF OF THE ORGANIZATION, OR MANAGE FUNDS FOR THE CITY OF ALLEN; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Allen ("Participant') is a local government or state agency of the State of Texas and is empowered to delegate to the public funds investment pools 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 Pools ("TexPooUTexPool Prime"), a public funds investment pools, were 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 ALLEN, COLLIN COUN'T'Y, TEXAS, THAT: SECTION 1. 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 TexP00VrexPOOl Prime 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. 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 /TexPool Prime account or (2) is no longer employed by the Participant. SECTION 3. 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 the Authorized Representatives of the Participant. Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. 1. Name Eric Cannon Title: Chief Financial Officer Phone/Fax/Email 214-504627 Fax 214-509-4672 ecann m cit ofallen.or Signature 2. Nam J e Stoehr Title: Assistant Chief Financial Officer Phone/Fax/Emil 214-509-4628 Fax 214-5094672 istoehi-Aci[vofallen.or¢ ' Signature Name Steven Glickman Phone/Fax/F ' Signature Title: Controller 4. Name Tru Nguyen Title: Semor Accountant E Phone/Fax/Email 214-509-4640 Fax 214-509-4672 tneuvenkcitvofallen.ore Signature List the name of the Authorized Representative listed above that will have primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement. Name: Eric Cannon. Chief Financial Officer Phone Number 214-50911628 E-mail: ecannon@cityofallen.ore Fax Number 214-509-4672 In addition, and at the option of the Participant, one additional Authorized Representative can be designated to perform only inquiry of selected information. This limited representative cannot perform transactions. If the Participant desires to designate a representative with inquiry rights only, complete the following information. 5. Name Karlie Olson Title: Accountant Signature O/GW C�Z�— ' SECTION 4. This Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant, and until TexPool Participant Services receives a copy of any such amendment or revocation. SECTION 5. This document supersedes all prior Authonzed Representative designations. SECTION 6. This resolution shall become effective immediately upon passage. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 11TH DAY OF JULY 2017. APPROVED: St phen Te •ell, MAYOR ATTEST: ' Shelley B. George, C, CITY S RETARY Resolution No. 3492-7-17(R), Page 2 111 t l l * 111 111 Resolution Arl Authorized TEXPOOL \resentati AN INVESTMENT SERVICE FOB PUBLIC FVNeS Please use this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized Representative forms. Required Field. yMEREAS, City of Allen 1 r/ 17 12 17 1 1 Pandpent Name' Location Nxi ('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 funs, and WHEREAS, it Is In the best interest of the Participant to invest local funds in Investments that provide for the preservation an safety of principal, liquidity, and yield consistent vnth the Public Funs Inweenent Ad: and WHEREAS, Me Texas Local Government Investment Pool ("TexPooll Texpool Prime"), a public funds investment pool, were created on behalf of entities whose Investment objective In order of prionty are preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment AG. NOW THEREFORE, be It resolved as follows. A That the individuals, whose signatures appear In this Resolution, are Authorized Representatives of the Participant and are each hereby authorized to transmit funs for Investment in TexPool I Texpool Prime 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 funs. B. That an Authorized Representative of the Participant may be deleted by a written instrument signed by two remaining Authorized Representatives provided that the deleted Annex n Representative (1) is assigned lob duties that no longer require access to the Participants TexPool / TexPool Prime, account or (2) Is no longer employed by the Participant: and C. That the Participant may by Amending Resolution signed by the Participant add an Authorized Representative provided the additional Ashamed Representative Is an officer. employee, or agent of Me Pan¢ipanl, List the Authorized Representagve(s) of the Participant Any new individuals will be issued personal identification numbers to transact business oath TexPool Participant Services. t (Eric Cannon Name (Chief Financial Officer roe 14-509-4627/214-509-4672/ecannon ci ofallen.o FneBerFa"E 2. Jo ode Stoehr 1 Norte '.Assistant Chief Financial Officer The 1214-509-4628/214-509-4672/jstoehr@cityofallen.org FORM CONTINUES ON NEXT PAGE 1 OF 2 3. Steven Glickman Name I Controller Accountant 11 Tie 214-5094640/214-5094672/tnguyen@cityofallen.org PlwnelFaxlEmail List the name of the Authorized Representative listed above that will have primary responsibility for performing transactions and receiving confirmahons and monthly statements under the Participation Agreement Eric Cannon _ Name In addition and at the option of the Participants. one additional Authorized Representative can be designated to perform only inquiry of selected information. This limited representative cannot perform t eneachons. If the Participant desires to designate a representative with inquiry rights only, complete the following information. radie Olson j Name wountant. title 14509-4641/214-509-4672/kolson@cityofallen.org PhonelFaxlEmeil D, That this Resolution and its authorization shall continue in full force and effect until amended or revoked! by the Participant, and until TexPool Participant Services receives a copy of any such amendment or revocation. This Resolution is hereby introduced and adopted by the Participant at its reguladspecial meeting held on the 1 tin day July 20 17. Note. Document is to be signed by your Board President, Mayor or County Judge and attested by your Board Secretary, City Secretary or County Clark. City of Allen Name of Pamupanr SIG NE /p ATTEST Signamu Sgnaturt CS "� Stephen efrell _ Shelley B. George Pnr W Name• Primed Name• iMayor j City Secretary nue nae 2. Mailing Instructions The completed Resolution Amending Authorized Representatives can be faxed to TexPool Participant Services at 1-866-839-3291, and mailed to: TexPool Participant Services 1001 Texas Avenue, Suite 1400 Houston, TX 77002 ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEXAEP 2 OF 2 T IMA Pashineri, Svrue, J1ana¢cJ anJ FereraWY .^J IJOI T— A,—v,—v,Seine I4C0 H.,u inn. TX 77&11_ Svr...vd tit Federated. Its— 1ANTLXKXN,(839-T667 • Fic 1fi664rwi291 uxv...... :rm G4534019112 151