R-02-08-08-11F1 - 8/8/2002RESOLUTION NO. R -02- 08 -08 -11F1
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;
B. That the individuals, whose signatures appear below, are
officers, employees, or authorized representatives of the
Participant and are each hereby authorized to transmit funds
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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: Bill W ' e Title: Director of Finance
Signature
2. Name: Noelle Jones , I / Title: Financial Programs Manager
Signature .iai..( . .( y
Signature
'�`..., s
2.
3. Name: Elaine Wilson Title: Treasury & Finance Supervisor
4. Name: Jerry Gallowa Title: Controller
Signature d'OCV
5. Name: Lynn Olsen Title: countant II
Signature
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
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 8th day of August, 2002.
A EST:
,L L !.- ALL - .1 � /A
CHRISTINE R. MARTINEZ, City Secretary I
3.
. M A X ELL, Mayor
City of Round Rock, Texas
DATE: August 2, 2002
SUBJECT: City Council Meeting — August 8, 2002
ITEM: 11.F.1. Consider a resolution authorizing certain individuals to perform
transactions with Texpool.
Resource: David Kautz, Chief Financial Officer
Bill White, Finance Director
History: As members of Texpool, our chosen investment pool, we are required
to secure approval by City Council for authorized individuals to act on
behalf of the City. That is the purpose of this resolution. We have
several new key positions that need to have this authorization.
Funding: N/A
Cost: N/A
Source of Funds: N/A
Outside Resources: N/A
Impact/Benefit: We hope to have enough key employees approved to cover for
vacations, illness or inaccessibility of other authorized employees.
Public Comment: N/A
Sponsor: Finance Department