Loading...
HomeMy Public PortalAboutResolution No. 583-23 09-11-2023 RESOLUTION NO. 583-23 A RESOLUTION OF THE RICHLAND HILLS CITY COUNCIL AMENDING THE AUTHORIZED REPRESENTATIVES FOR THE TEXAS LOCAL GOVERNMENT INVESTMENT POOL (TEXPOOL) WHEREAS, the City of Richland Hills, Location Number 78215, is a local government of the State of Texas and is empowered to delegate to a public funds investment pool the authority to invest funds and to act as custodian of investments purchased with local investment funds; and WHEREAS, it is in the best interest of the Participant to invest local funds in investments that provide for the preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act; and WHEREAS, the Texas Local Government Investment Pool ("TexPool / Texpool Prime"), a public funds investment pool, were created on behalf of entities whose investment objective in order of priority are preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act; and WHEREAS, this document supersedes all previous Authorized Representative forms. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RICHLAND HILLS, TEXAS, THAT: SECTION 1. The individuals, whose signatures appear in this Resolution, are Authorized Representatives of the Participant and are each hereby authorized to transmit funds for investment in TexPool/TexPool Prime and are each 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. SECTION 2. An Authorized Representative of the Participant may be deleted by a written instrument signed by two remaining Authorized Representatives provided that the deleted Authorized Representative (1) is assigned job duties that no longer require access to the Participant's TexPool / TexPool Prime account or (2) is no longer employed by the Participant. SECTION 3. The Participant may by Amending Resolution signed by the Participant add an Authorized Representative provided the additional Authorized Representative is an officer, employee, or agent of the Participant. Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. 4yri (1Alatia_461104 Lupe 'Yost, Director of Finance Candice Edmondson, City Manager & Administrative Services cedmondsonrichlandhills.com Irios(a�richlandhills.com 817-616-3807 Phone 817-616-3815 Phone 817-616-3803 Fax 817-616-3803 Fax II ernadette Gendron,A untant b endron richlandhill m 817-616-3817 Phone 817-616-3803 Fax SECTION 4. The name of the Authorized Representative listed above that will have primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement: Lupe Rios SECTION 5. This Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant, and until TexPool Participant Services receives a copy of any such amendment or revocation. APPROVED AND ADOPTED at a regular called meeting of the Richland Hills City Council on September 11, 2023, by a vote of is ayes, 0 nays, and ' abstentions. APPROVED: ATTEST: he onorable'Mayor dwar open dsay Rawlin .on, City Secretary \\\' KatiD H.. ", .. ... cr • Resolution No. 583-23, Page 2 of-i?} r\ � :c4 .....�•'•�' Resolution Amending ,1, '* U�� Authorized Representatives TEXPOOL AN INVESTMENT SERVICE FOR PUBLIC FUNDS Please complete this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized Representative forms. *Required Fields 1. Resolution WHEREAS, 'City of Richland Hills I ' 7 1 8 1 2 1 1 1 5 I Participant Name* Location Number* ("Participant")is a local government of the State of Texas and is empowered to delegate to a public funds investment pool the authority to invest funds and to act as custodian of investments purchased with local investment funds;and WHEREAS, it is in the best interest of the Participant to invest local funds in investments that provide for the preservation and safety of principal,liquidity,and yield consistent with the Public Funds Investment Act;and WHEREAS,the Texas Local Government Investment Pool("TexPool/Texpool Prime"),a public funds investment pool,were created on behalf of entities whose investment objective in order of priority are preservation and safety of principal,liquidity,and yield consistent with the Public Funds Investment Act. NOW THEREFORE,be it resolved as follows: A. That the individuals,whose signatures appear in this Resolution,are Authorized Representatives of the Participant and are each hereby authorized to transmit funds for investment in TexPool/TexPool Prime and are each 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. B. That an Authorized Representative of the Participant may be deleted by a written instrument signed by two remaining Authorized Representatives provided that the deleted Authorized Representative(1)is assigned job duties that no longer require access to the Participant's TexPool/TexPool Prime account or(2)is no longer employed by the Participant;and C. That the Participant may by Amending Resolution signed by the Participant add an Authorized Representative provided the additional Authorized Representative is an officer,employee,or agent of the Participant; List the Authorized Representative(s)of the Participant.Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. (Candice Edmondson ' 'City Manager I Name Title 1811 7)1 6 I 1 16 13 18 I 0 17 11811 171 6 11 1613 18 I 0 13 I 'cedmondson@richlandhills.com Phon Fax Email Signature 2, 'Lupe Rios j Director of Finance &Administrative Services Name Title 18 11 17 16 11 16I 3 18 11 15 1181117161116131810131 Ilriosarichlandhills.com I Phone ryt Fax Email Signature 3, 'Bernadette Gendron I 'Accountant I Name Title 181 171611 16 l 3 l 81 1 17 I 181 1 1716 11 16 13 18 10 13 ' 'bgendron@richlandhills.com Ph Fax Email I I Signature Form Continues on Next Page 1 of 2 1. Resolution (continued) Name Title 111111111111111111111111 Phone Fax Email l _ a Signature List the name of the Authorized Representative listed above that will have primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement. Lupe Rios Name In addition and at the option of the Participant,one additional Authorized Representative can be designated to perform only inquiry of selected information. This limited representative cannot perform transactions. If the Participant desires to designate a representative with inquiry rights only,complete the following information. Name Title IIIIIIIIIIIIIIIIIIIIIII Phone Fax Email D. That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant,and until TexPool Participant Services receives a copy of any such amendment or revocation.This Resolution is hereby introduced and adopted by the Participant at its regular/special meeting held on the 1 1 day of LSeptember 2 1 0 2 1 3 '• Note: Document is to be signed by your Board President, Mayor or County Judge and attested by your Board Secretary,City Secretary or County Clerk. ;City of Richland Hills Name of Participant* SIGNED (5iti\\,,reE TC LI Signature* * LEdward Lopez Lindsay Rawli I Printed Name* Printed Name* [Mayor — I City Secretary Title* Title* 2. Mailing Instructions The completed Resolution Amending Authorized Representatives can be faxed to TexPool Participant Services at 1-866-839-3291,and mailed to: TexPool Participant Services 1001 Texas Avenue,Suite 1150 Houston,TX 77002 ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEX-REP 2 OF 2 1-866-TEXPOOL(839-7665) • TexPool.com Managed and Federated 111111 ©2020 Federated Hermes,Inc. Serviced by G45340-17(3/20) Hermes