RE 2015-0811.1
: :
RESOLUTION NO._2015-0811.1
A RESOLUTION OF THE CITY OF COPPELL, TEXAS, AMENDING THE
AUTHORIZED REPRESENTATIVES WITH THE TEXAS LOCAL GOVERNMENT
INVESTMENT POOL (TEXPOOL).
WHEREAS
, The City of Coppell, Texas, Location ID: 77345 (“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 BY THE CITY COUNCIL OF THE CITY OF
COPPELL, TEXAS:
That the individuals, whose signatures appear in this Resolution, are Authorized
A.
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.
That an Authorized Representative of the Participant may be deleted by a written instrument
B.
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
That the Participant may by Amending Resolution signed by the Participant add an
C.
Authorized Representative provided the additional Authorized Representative is an officer,
employee, or agent of the Participant;
The Authorized Representatives of the Participant are:
1. Name:
Jennifer Miller Title: Director of Finance
972-304-3689/972-304-3571/jmiller@coppelltx.gov
Phone/Fax/Email
Signature:
2. Name:
Kim Tiehen Title: Assistant Director of Finance
972-304-3693/972-304-3571/ktiehen@coppelltx.gov
Phone/Fax/Email
Signature:
3. Name: Clay Phillips Title: City Manager
972-462-0022/972-304-3571/cphillips@coppelltx.gov
Signature:
The Authorized Representative listed above that will have primary responsibility for performing
transactions and receiving confirmations and monthly statements under the Participation Agreement.
Name Jennifer Miller, Director of Finance
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 11th day August, 2015.
DULY PASSED by the City Council of the City of Coppell, Texas this the 11th day of August, 2015.
APP' 1 VED:
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Kar.n Selbo Hunt, Mayor
ATTEST:
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hristel Pettinos, ity Secretary
APPROVED • ' 0 FORM:
City Attorney