Resolution 2004-08
RESOLUTION NO. 2004-08 (R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS, AUTHORIZING P ARTICIP ATION IN TEXPOOL
AND DESIGNATING AUTHORIZED REPRESENTATIVES
WHEREAS, the City of Wylie, Texas, ("Participant") is a local government or state agency of
the State of Texas and is empowered to delegate to the public funds investment pools 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 Pools ("TexPool"), public funds
investment pools, were created on behalf of entities whose investment objectives 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 Participant shall enter into a Participation Agreement to establish an account in it's name
in TexPool, for the purpose of transmitting local funds for investment in TexPool.
B. 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 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.
List of the authorized representatives of the Participant. These individuals will be issued P .I.N.
numbers to transact business via the phone with a Participant Service Representative.
1. Name
Mindy Manson
Title
Acting City Manager
Signature
Fax- 972/442-4302 Email- mmanson
lie.tx.us
PhonelFaxlEmail
2. Name
Ron Hutchison
Title
Assistant Finance Director
PhonelFaxlEmail Phone- 972/442-8144 Fax- 972/442-8105 Email- rhutchison@cLwvlie.tx.us
Signature
R9n~~
List the name of the Authorized Representative provided above that will have primary
responsibility for performing transactions and receiving confirmations and monthly statements
under the Participation Agreement.
Name:
Ron Hutchison
In addition and at the option of the Participant, one additional authorized representative can be
designated to perform inquiry only of selected information. This limited representative cannot
make deposits or withdrawals. If the Participant desires to designate a representative with inquiry
rights only, complete the following information.
3. Name
Title
PhonelFaxlEmail
Signature
C. That this resolution and its authorization shall continue in full force and effect until amended
or revoked by the Participant, and until TexPool 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 24th day of February, 2004.
NAME OF PARTICIPANT
City of Wylie
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ATTEST: