HomeMy Public PortalAboutResolution No. 589-23 11-30-2023 RESOLUTION NO. 589-23
A RESOLUTION OF THE RICHLAND HILLS CITY COUNCIL AMENDING
THE AUTHORIZED REPRESENTATIVES FOR THE SHORT TERM
ASSET RESERVE FUND (TEXSTAR)
WHEREAS, the City of Richland Hills (the "Government Entity") by authority of the
Application for Participation in TexSTAR (the "Application") has entered into an Interlocal
Agreement (the"Agreement") and has become a participant in the public funds investment
pool created there under known as TexSTAR Short Term Asset Reserve Fund
("TexSTAR"); and
WHEREAS, the Application designated on one or more "Authorized
Representatives" within the meaning of the Agreement; and
WHEREAS, the Government Entity now wishes to update and designate the
following persons as the "Authorized Representatives" within the meaning of the
Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF RICHLAND HILLS, TEXAS, THAT:
SECTION 1.
The following officers, officials or employees of the Government Entity specified in
this document are hereby designated as "Authorized Representatives"within the meaning
of the Agreement, with full power and authority to open accounts, to deposit and withdraw
funds, to agree to the terms for use of the website for online transactions, to designate
other authorized representatives, and to take all other action required or permitted by
Government Entity under the Agreement created by the application, all in the name and
on behalf of the Government Entity.
SECTION 2.
This document supersedes and replaces the Government Entity's previous
designation of officers, officials or employees of the Government Entity as Authorized
Representatives under the Agreement.
SECTION 3.
This resolution will continue in full force and effect until amended or revoked by
Government Entity and written notice of the amendment or revocation is delivered to the
TEXSTAR Board.
SECTION 4.
Terms used in this resolution have the meanings given to them by the Application.
SECTION 5.
Each of the following Participant officials is designated as Participant's Authorized
Representative authorized to give notices and instructions to the Board in accordance with
the Agreement, the Bylaws, the Investment Policy, and the Operating Procedures:
(,10,A7)4Q ae"
Terry Leake int rim Director of Finance Candice Edmondson, City Manager
& Administrative Services cedmondsonrichlandhills.com
tleake(a�richlandhills.com 817-616-3807 Phone
817-616-3815 Phone 817-616-3803 Fax
817-616-3803 Fax
'Lf _
ernadette Gendron, c untant
bgendron(a�richlandhil,s om
817-616-3817 Phone `
817-616-3803 Fax
SECTION 6.
The name of the Authorized Representative listed above that will be designated as
the Primary Contact and will receive all TexSTAR correspondence including transaction
confirmations and monthly statements:Terry Leake
SECTION 7.
Participant may designate other authorized representatives by written instrument
signed by an existing Participant Authorized Representative or Participant's chief
executive officer.
SECTION 5.
This Resolution and its authorization shall continue in full force and effect until
amended or revoked by the Participant, and until TexSTAR Participant Services receives
a copy of any such amendment or revocation.
Resolution No. 584-23, Page 2 of 3
APPROVED AND ADOPTED at a special called meeting of the Richland Hills City
Council on November 30, 2023, by a vote of ayes, nays, and
7 abstentions.
APPROVED: ATTEST:
--Y--," \ \k
he Honorable Mayor Edward Lopez dsay Ra n on, City Secretary
`,.J
0,N„I h i l l i„l,,,
%k ` ........5 �, -
..
cc, `. -� kit '\'•.P
F. C)i fir` .f
yam: r �''
Resolution No. 584-23, Page 3 of 3