R-07-06-14-12D3 - 6/14/2007 RESOLUTION NO. R-07-06-14-12D3
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
O:\ dox\RESOLUTER070614M
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 Title: Director of Finance
Signature L %�
2. Name: Cheryl Delaney Title: Assistant Director of Finance
Signature
3. Name: Jerry Galloway Title: Controller
Signature
4. Name: Elaine Wilson Ti e: Financial Programs Manager
Signature
5. Name: Sharon Masterjohn Title: Treasury& Finance Supervisor
Signature
6. Name: Lynn Olsen Accountant 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
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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 14th day of June, 2007 .
WELL, Mayor
City of Round Rock, Texas
ATTEST:
/ \ f 1
( h", R- I
CHRISTINE R. MARTINEZ, City Secret y
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DATE: June 7, 2007
SUBJECT: City Council Meeting - June 14, 2007
ITEM: *12D3. Consider a resolution authorizing certain officers and employees of
the City to perform transactions with Texpool.
Department: Finance
Staff Person: Cindy Demers, Director of Finance
Justification:
This resolution will make changes to the 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 deleting Noelle Jones, and adding
Cheryl Delaney and Sharon Masterjohn.
Public Comment: N/A