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Home My WebLink AboutR-3493-7-17RESOLUTION NO. 3493-7-17(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 FUNDS JOINFLY WITH OTHER TEXAS LOCAL GOVERNMENTS IN TEXSTAR; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Allen by authority of the Application for Participation in TexSTAR has entered into an Interlocal Agreement and has become a participant in the public funds investment pool created there under known as T"STAR Short Tenn Assert Reserve Fund; and, WHEREAS, the Application designated on one or more "Authorized Representatives" within the meaning of the Agreement; and, WHEREAS, the City of Allen now wishes to update a designate the following persons as the "Authorized Representatives" within the meaning of the Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, THAT: SECTION 1. The following officers, officials or employees of the City of Allen specified in this document are hereby designated as "Authorized Representatives" within the meaning of the Agreement, with full power and authority to open accounts, to deposit and withdraw funds, to agree to the terms for use of the website for online ' transactions, to designate other authorized representatives and to take all other action required or permitted by the City of Allen under the Agreement created by the application, all in the name and on behalf of the City of Allen. Authorized Representatives. Fach of the following Participate officials is designated as the City of Allen's Authorized Representatives authorized to give notices and instructions to the Board in accordance with the Agreement, the Bylaws, the Investment Policy, and the Operating Procedures. 1. Name Phone/] Signatu 2. Name Phone/] Signature 3. Name Steven Glickman Phonc/Fi Signature Title: Controller 4. Name Tm Neuven Title: Senior Accountant H ' Phone/Fax/Email X1114-509-0640 Fax 214-509-4672 meuvenAcitvofallen.or2 Signature D 1 Primary Contact: List the name of the Authorized Representative listed above that will be designated as the Primary Contact and will receive all TexSTAR correspondence including transaction confirmations and monthly statements. Name: Eric Cannon, Chief Financial Officer Phone Number 214-509-4628 E-mail: ecannonna,citvofallen.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 PhonelFax/Email 214-509A641 Fax 214-509A672 kolson(a),citvofallen.ore Signature " 4;�-- SECTION 2. This document supersedes and replaces the City of Allen's previous designation of officers, officials or employees of the City of Allen as Authorized Representatives under the Agreement. SECTION 3. This Resolution will continue in full force and effect until amended or revoked by the City of Allen and written notice of the amendment or revocation is delivered to the TexSTAR Board. SECTION 4. Tema used in this Resolution have the meanings given to them by the Application. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 11T" DAY OF JULY 2017. APPROVED: Stephen Terr , MAYOR ATTEST: S�h—efi,y. Geo , TRMC, CTTYISECRETARY Resolution No. 3493-73493-7-17(1), Page 2 TexSTAR ;r APPLICATION FOR PARTICIPATION IN TExSTAR The undersigned local government (Applicant) applies and agrees to become a Participant in the Texas Short Term Asset Reserve Program (TExSTAR). 1. 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 J* 11 , 2017: WHEREAS, it is in the best interests of this governmental unit ("Applicam') to invest Its funds jointly with other Texas local governments in the Texas Short Term Asset Reserve Program (TExSTAR) 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 speed in the application are authorized to execute and submit the application, to open accounts, to deposit and withdrew funds, to agree to the terms for use of the website for online transactions, to designate other authorized representatives, and to take all other action raqulred or permitted by Applicant under the Agreement created by the application, all in the name and on behalf of Applicant. SECTION 2. This resolution 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 3. Terms used in this resolution have the meanings given to them by the application." 2. 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. 3. Taxpayer Identification Number. Applicant's taxpayer Identification number is 75-6004912 4. Contact Information. Applicant primary mailing address: 305 Century Parkway, Allen, TX 75013 Applicant physical address (H different): Applicant main phone number: 214-509-4626 Applicants main fax number. 214-509-4672 S. Authorized Representatives. Each of the following Participant officials is designated as Participant's 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: 1. Name: Eric CanDqp Title: Chief Financial Officer Signature: Phone: 214-509-4627 Email: ecannon@cityofallen.org Joanne Stoehr Chief Financial Officer 2. Name: TI#,,Assistant Signature i Phone: 214-509-4628 jstoehr@cityofallen.org Email Steven Glickman Controller 3. Name: TME: <.� 214-509-4636 Signature:X-r Phone; sglickman@cityofallen.org Email: 4 Name. Tru Nguyen Title: Senior Accountant II Signature: 4 _ 1X4U4[L— Phone: 214-509-4640 V Q tnguyen@cityofallen.org Email. (REQUIRED) PRIMARY CONTACT: List the name of the Authorized Representative listed above that will be designated as the Primary Contact and will receive all TexSTAR correspondence including transaction confirmations and monthly statements Name: Eric Cannon {OPTIONAL) INQUIRY ONLY CONTACT: In addition, the following additional Participant representative (not liststl above is designated as an Inquiry Only Representative authorized to obtain account information: Name: KarlieOlson Title Accountant Signature: '!/! Phone: 214-509-4641 Email. kolson@cityofallen.org Applicant may designate other authorized representatives by vrtitten instrument signed by an existing Applicant Authorized Representative or Applicant's chief executnNE officer. *REQUIRED* PLACE OFFICIAL SEAL OF ENTITY HERE DATED July 11, 2017 City of Allen (NAME OF ENTITY/APPLICANT) SIGNED 6V:& f -(::�) (Signature of official) Terrell (Printed name and title) ATTESTED BB\Y: (Signature of 01I Shelley B. George (Printed name and title) FOR INTERNAL USE ONLY APPROVED AND ACCEPTED. TEXAS $NORTTERM MEET RESERVE FUND AUTNORIZ ED SIG MR VD82011 2