RE 04-12-94.1 A RESOLUTION OF
THE CITY OF COPPELL, TEXAS
RESOLUTION NO. 041294.1
RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF AN INTERLOCAL
INVESTMENT AGREEMENT FOR PARTICIPATION IN THE LONE STAR INVESTMENT
POOL, DESIGNATING THE POOL AS AN AGENCY AND INSTRUMENTALITY,
APPROVING INVESTMENT POLICIES OF THE POOL, APPOINTING AUTHORIZED
REPRESENTATIVES AND DESIGNATING INVESTMENT OFFICERS.
WI-~.P~.~S, thc Interlocal Cooperation Act, Chapter 791 of the Government Code
(formerly Article 4413 (32c), Vernon's Texas Civil Statues, and Article 4413 (34c), Vernnn's
Texas Civil Statutes, as amended (collectively, the "Act"), permit any "local government' to
contract with one or more other "local governments" to perform "governmental functions and
services," including investment of public funds through "public funds investment pools" (as such
phrases are defined in the Act);
WI-~P. EAS, the Act authorizes the contracting parties to any interlocal agreement to
contract with agencies of the S~ate of Texas, within the meaning of Chapter 771 of the
Government Code.
WI-II~REAS, the Act permits the contracting parties to any interlocal agreement to create
an administrative agency to supen~ise the performance of such interlocal agreement and to
employ personnel and engage in other administrative activities and provide other administrative
services necessary to execute the terms of such interlocal agreement;
WHEREAS, The City of Coppell is a local government or an agency of the State of
Texas within the meaning of the Act and desires to enter into that certain Interlocal Investment
Agreement, a copy of which is presented with this Resolution an is incorporated herein by
reference, and become a participant in a public funds investment pool created thereunder and
know as the Lone Star Investment Pool sponsored by the Texas Association of School Boards
('TASB");
WHEREAS, the Government Entity desires to designate the Pool as its agency and
inslxumentality with authority, through its Board of Trustees, to supervise performance of the
Agreement, employ personnel and engage in other administrative activities and provide other
administrative activities and provide other administrative services necessary to execute the terms
of the Agreement;
WHEREAS, each capitalized term used in this Resolution and not otherwise defined has
the same meaning assigned to it in the Agreement;
NOW, THEREFORE, BE IT RESOLVED:
1. The Agreement is hereby approved and adopted and, upon execution thereof by
an Authorized Representative (defined below) and receipt of the Government En~ity's
application to join the Pool by the Administrator, the Government Entity shall become
a Participant in the Pool for the purpose of investing its available funds therein from time
to time in accordance with its terms.
2. The Pool is hereby designated as an agency and instrumevt~lity of the
Government Entity, the Board is hereby designated as the governing body of the Pool,
through the Board, shall have the authority to supervise performance of the Agreement,
employ personnel and engage in other administrative activities and provide other
administrative services n~Jsary to execute the tea-~,s of the Agreement.
3. The investment policies of the Pool, as set forth in the Statement of Investment
Policy, as summarized in the Information Statement, and as may be amended from time
to time by the Board, are hereby adopted as investment policies of the Government Entity
with respect to money invested in the Pool, and any existing investment policies of the
Government Entity in conffict therewith shall not apply to investments in the Pool.
4. The following officers, officials or employees of the Government Entity
are. hereby designated as "Authorized Representatives," within the meaning of the
Agreement, with full power and authority to: execute the Agreement, an application to
join the Pool an any other documents required to become a
Participant; deposit money to and withdraw money ~m t~ Government Enfity's Pool
account from time to time in accordance with the Agreement and the Information
Statement; and take all other actions deemed necessary or appropriate for the investment
of funds of the Government Entity:
Printed Name
Signature Title
Print~xl Name / ~lan Johnson
Signature
ted N~e ~'ennifer Annstron~
In accordanc~ with Pool proe~ur~, an Authori~d R~pre.~ntafiv, ~ promlffiy notify
tl~ Pool of any chang~ in who i~ ~rving ~ Authori~d Repre~entafive~.
5. In addition to thc foregoing Authori~d Repre~ntafive~, each Investment
Officer of the Pool i~ appointed by the Board from time to time
an inve~tn~t officer of tl~ Government F.~fity and, ~ ~uch, ~hall hay, reducibility
for inviting the ~am of Pool a~ts reputing fund~ of the Government F_.~fity.
A t, 't OWt,
ATTEST
By: ~
SEAL