R-03-11-13-11D1 - 11/13/2003RESOLUTION NO. R -03-11-13-11D1
WHEREAS, the City of Round Rock, Texas ("City") is a political
subdivision 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 interests of the City to invest its
funds jointly with other Texas local governments in the Texas Short
Term Asset Reserve Program (TexSTAR) in order to better preserve and
safeguard the principal and liquidity of such funds and to earn an
acceptable yield, and
WHEREAS, the City 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 BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the form of application for participation in TexSTAR attached
to this Resolution is approved. The officers of the City 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 actions required or
permitted by the City under the Agreement created by the application,
all in the name and on behalf of the City.
The City Council hereby finds and declares that written notice of
the date, hour, place and subject of the meeting at which this
Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution and
the subject matter hereof were discussed, considered and formally acted
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upon, all as required by the Open Meetings Act, Chapter 551, Texas
Government Code, as amended.
RESOLVED this 13th day of November, 2003.
ATT
NYLELL, ayor
City o Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secretary
2
TexSTAR4
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 /JOYE/nA. /3,20g3.
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 (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 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. 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.
DATE: November 7, 2003
SUBJECT: City Council Meeting - November 13, 2003
ITEM: 11.D.1. Consider a resolution approving the Application of Participation
in the Texas Short Term Asset Reserve Program (TexSTAR).
Resource: Cindy Demers, Finance Director
History: In an effort to continuously improve the management of the City's
investment portfolio, the City's investment officers recently
reviewed and updated the City's investment policy and strategy.
As a result of this review, the investment officers are
recommending that the City become a member of the Texas Short
Term Asset Reserve Program, also known as TexSTAR, to further
diversify the City's short-term investment portfolio. TexStar is a
local government investment pool, which is an authorized
investment under the Public Funds Investment Act and the City of
Round Rock Investment Policy. The attached Application for
Participation includes a list of authorized representatives and bank
information to open an account with TexSTAR.
Funding:
Cost: N/A
Source of Funds: N/A
Outside Resources: N/A
Impact/Benefit: N/A
Public Comment: N/A
Sponsor: Finance Department
Executed
Document
Follows
20fr
RECEIVED D 2 2 2003
TexSTARL COPV
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 i1/OYQi171361 13120_42,3 4
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 (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 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. 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.
RECEIVED DEC 222003
3. 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
Elaine S. Wilson
Noelle Y. Jones
C.ind y...Dem.e.r.s.......
J exr.y...Ga ll.o.w.ay...
Lynn Olsen
Signature
Title
Treasury & Finance Supervisor
Direct Phone
(512) 218-5W
?1J.. Financial Programs Manager (512).218-5446
.,6 ... rector..of . Finance
Controller _012).21875432_
(512) 218-5437
4.44,4_,/Accountant II
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]:
Elaine S. Wilson
Name
E-mail address
ewilson@round-rock.tx.us
The following Participant official not listed above is designated as a Participant Inquiry Only Representative
authorized to obtain account information [optional]:
Name
Signature Title
Applicant may designate other authorized representatives by written instrument signed by an existing
Applicant Authorized Representative or Applicant's chief executive officer.
4. Taxpayer Identification Number. Applicant's taxpayer identification number is .7.4.-6017.485
5. Bank Information Sheet(s). The attached [insert quantity] ...one.... Bank Information Sheet(s) is or are
approved and incorporated herein by reference to establish account(s) in the name of Applicant.
Dated this 1[ -r3 -o3
......
Approved and accepted:
TEXAS SHORT TERM ASSET RESERVE FUND
By: FIRST SOUTHWEST ASSET MANAGEMENT, INC.,
Participant Services Administrator
B
City of Round Roc
..............................................
(Signature of official)
Nyzaa--
(Printed name and title)
741'... `-/ Date: : / �- - oZ d (?1? 3
Authorized Signer
i
1
TexSTAR
Please check all that apply.
ZrAdd new account ISI Wire and ACH*
EJChange Information ❑ Wire Only
0 ACH Only*
-- C _1_ _11E43 000
Location Series Fund
C ‘
Account Name
rt. o:yec.i..
oon+ INSTRUCTIONS
Bank Name: Bank_af Amer
RECEIVED DEC 2 2 2003
BANK INFORMATION SHEET
EFFECTIVE DATE: 1/1/°4f
City of Round Rock,. Tcxas
Participant Name
221 E. Main Street
Street Address
Ming Address
Round Rock TX 78664 Williamson
City/ ---
State Zip County
Elaine S. Wilson, y
(512) 218-5444
Primary Representative
(512) 341-3301
Phone
Fax
Bank Address: 51 5 CnngrP's AvPnii
City: Austin
State: Texas Zip:78701
Bank ABA No. (9 digits): 111000025 tio� Bank Account No: 004795846821
Bank Account Name: Ci ty of Rohn i Rock Operating Bank Contact: _A1 c e _AnaBagger„
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 -UNE 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 cunt rized Representative, I certify that the above information is both true and correct.
—J.. Cindy Demers Director of Finance
Authorized Representative Signature
Printed Name Title
/Elaine S. Wilson, Treasury & Finance Supervisor
i
Date
Authorized Representative Signature Printed Name
Title
Date