R-97-09-25-13D - 9/25/1997K. \WPDOCS \KKSOLUTI\PS70925D WPD /OPg
RESOLUTION NO. R- 97- 09- 25 -13D
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 to the Trust Company for investment in TexPool and
are further authorized to withdraw funds from time to
ATTEST:
time, to issue letters of instruction, and to take all
other actions deemed necessary or appropriate for the
investment of local funds:
1. Name: David Kautz it �' irector of Finance
Signature
2. Name: Cindy Demers
Signature
0
JOJ E LAND, City Secretary
(_-- _c
3. Name: Elaine Wils �j� Ti e: Accountant II
Signature " (J�IEJ?/J
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 25th day of September, 1997.
2.
Title: Accounting Manager
DATE: September 19, 1997
SUBJECT: City Council Meeting, September 25, 1997
ITEM: 13. D. Consider a resolution amending the individuals authorized to perform
transactions with Texpool (a local government investment pool).
STAFF RESOURCE PERSON: David Kautz
A significant portion of the City's investment portfolio moves in and out of Texpool on a frequent
basis. Because of these frequent investment operating transactions, it is necessary to have the
Accountant!! position for the City, the position responsible for most daily transactions, authorized
to perform these transactions along with the Accounting Manager and Director of Finance.
The authorized list of individuals who may transact business with Texpool permits these
individuals to move funds ONLY from the City's Depository (Texas Commerce Bank) into Texpool
and from Texpool into the Depository.
To summarize, Council approval is sought for the following individuals to perform transactions
between the City's Depository and Texpool:
Director of Finance David Kautz
Accounting Manager Cindy Demers
Accountant 11 Elaine Wilson
Mayor
Charks Culpepper
Mayor Pro-tem
Earl Palmer .
Council Members
RobertStluka
Rod Morgan
Rick Stewart
Martha Gina
Jimmy Joseph
City Manager
Robert L Bennett Jr.
City Attorney
Stephan L Sheets
CITY OF ROUND ROCK
October 20, 1997
Shelly Jones
Texpool Participant Services .. _
First Southwest Asset Mgmt.
1700 Pacific Avenue, Suite 1300
Dallas, TX 75201 -4652
Dear Ms. Jones:
The Round Rock City Council approved Resolution No. R- 97- 09- 25 -13D
at their regularly scheduled meeting on September 25,1997.
Per your request on October 17,1997 enclosed is an original resolution
for your files. If you have any questions, please do not hesitate to call.
Sincerely,
e Land
Assistant City Manager/
City Secretary
Enclosure(s)
Fax: 512 - 218 -7097
221 Fast Main Street
Round Rock Texas 78664
512 - 218 -5400
1- 800.735.2989TDD • 1- 800 - 735- 2988Vokce
Mayor
Charles Culpepper
Mayor Proem
Earl Palmer
Council Members
Robert Sltuka
Rod Morgan
Rick Stewart
Afanhe Chavez
Jimmy Joseph
City Manager
Robert L. Bennett, Jr.
City Attorney
Stephan L. Sheets
October 3, 1997
Texpool Participant Services
First Southwest Asset Mgmt
1700 Pacific Ave., Suite 1300
Dallas, TX 75201 -4652
RE: New Resolution
Dear Sirs:
Please find enclosed a Resolution for the City of Round Rock, Texas to change
the authorized personnel allowed to transact business with Texpool. Please issue
new PINs as necessary and forward as soon as possible.
Should you require any additional information regarding this resolution, please do
not hesitate to contact Elaine Wilson at (512) 218 -5444.
Sincere
•
David Kautz
Director of Finance
dk/esw
enc.
Fax: 512 -218 -7097
1 -800- 735 -2989 TM 1- 800-735 -2988 Voice
f -q7- 09 -as i3
221 East Main Street
Round Rock, Texas 78664
512 - 218.5400