R-08-11-13-12D1 - 11/13/2008RESOLUTION NO. R-08-11-13- lel
WHEREAS, the City of Round Rock, Texas ("Participant") 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, to act as custodian of investments purchased with local
investment funds, and
WHEREAS, the Treasurer of the State of Texas, acting by and
through the Texas Treasury Safekeeping Trust Company ("Trust
Company"), has created "TexPool", a public funds investment pool, to
effectuate the goals of providing investments at the highest
possible yield and maintaining complete safety of the funds of the
Participant, and
WHEREAS, the Participant hereby requests the following changes
regarding the individuals authorized to act on behalf of the
Participant, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
A. That the City of Round Rock, Texas has entered into a
Participation Agreement and has established an account in
its name with the Trust Company's Local Government
Investment Pool, "TexPool", for the purpose of
transmitting local funds for investment by the Trust
Company in TexPool;
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B. That the
officers,
individuals whose signatures appear below are
employees, or authorized representatives of the
Participant and are each hereby authorized to transmit
funds to the Trust Company for investment in TexPool and
are 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:
1.
Name: Cindy Demers
Signature i`
Title: Assistant City Manager
2. Name: Cheryl Delaney
Signature
Title: Assistant Director of Finance
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3. Name: Jerry Galloway Title: Controller
Signature
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4. Name: Elaine Wilson
Signature
Title: Financial Programs Manager
5. Name: Tameka Leonard
Signature \ . 4 1•4"A
Title: Treasury Accountant
6. Name: Lynn cols
Signature
Title: Accountant II
C. That this Resolution and its authorization shall continue
in full force and effect until amended or revoked by the
Participant, and until the Trust Company receives a copy
of any such amendment or revocation.
The City Council hereby finds and declares that written notice
of the date, hour, place and subject of the meeting at which this
2.
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 upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 13th day of November, 2008.
ATTEST:
SARA L. WHITE, City Secretary
3.
ALAN McGRAW, Mayor
City of Round Rock, Texas
DATE: November 6, 2008
SUBJECT: City Council Meeting — November 13, 2008
ITEM: 12D1. Consider a resolution authorizing certain officers and employees of the
City to perform transactions with TexPool.
Department:
Staff Person:
Justification:
Finance
Cheryl Delaney, Assistant Finance Director
Make changes to current authorization list to accommodate changes in personnel and to
maintain adequate coverage with key employees during vacations, illness, or inaccessibility of
other authorized employees.
Funding:
Cost: N/A
Source of funds: N/A
Outside Resources: N/A
Background Information:
As a member of Texpool, the State's local government investment pool, we are required to
secure City Council approval for authorized individuals to act on behalf of the City. This
resolution will replace the previous authorized list by adding Tameka Leonard.
Public Comment: N/A