R-95-06-08-10A - 6/8/1995RESOLUTION NO. R- 95- 06- 08 -10A
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,
LF /RESOLiTTION
RS506013.A
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
ATTEST:
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: Joann- Land Title: Assistant City Manager
E LAND, City Secretary
Signature Obi /L /r_° ,d1/1.0
2. Name: Davis' u z itl°
oo : Director of Finance
Signature
3. Name: Cindy Demers Title: Accounting Manager
Signature c`-`"
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.
RESOLVED this the 8th day of June, 1995.
2
CHARLES CUI EPPER, Mayor
City of Round Rock, Texas
DATE: June 6, 1995
SUBJECT: City Council Meeting, June 8, 1995
ITEM: 10. A. Consider a resolution amending the individuals authorized to perform
transactions with Texpool (State Investment Pool).
STAFF RESOURCE PERSON: David Kautz
STAFF RECOMMENDATION:
On a daily basis, the City deposits to and withdraws funds from its investment accounts at
Texpool (the State of Texas Invesment Pool).
As a matter of fiduciary control, the State requires that any changes in personnel
authorized to perform these transactions be established by Council resolution.
The proposed changes are summarized below:
Current Authorized Personnel Proposed Authorized Personnel
Bob Bennett — City Manager
David Kautz — Director of Finance
Carol Feller — Accounting Manager
Joanne Land — Assistant City Manager
David Kautz — Director of Finance
Cindy Demers — Accounting Manager