HomeMy Public PortalAboutResolution No. 588-23 11-30-2023 RESOLUTION NO. 588-23
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.
(%/61/.1-1-161 Aid;eL � w y„,_
Terry LeaDirector of Finance Candice Edmondson, City Manager
& Administrative Services cedmondson@richlandhills.com
tleake c� richlandhills.com 817-616-3807 Phone
817-616-3815 Phone 817-616-3803 Fax
817-616-3803 Fax
, IFNI Bernadette Gendro Gendro , Ac•ountant
b•endron • richlan',hills om
817-616-3817 Phon_
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: Terry Leake
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 special called meeting of the Richland Hills City
Council on November 30, 2023, by a vote of `; ayes, 0 nays, and
r-3 abstentions.
APPROVED: ATTEST:
The Honorable ayor Edwar indsay Ra i (ion, City Secretary
`\\\,�I�\N1111111111/////
d Gl;
Resolution No. 588-23, Page 2 of 2 = •� 1,4
k////// •"•O`\\1,\``