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Resolution 2020-051 1 1 RESOLUTION NO. 2020-05(R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, AUTHORIZING PARTICIPATION 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 BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS: SECTION 1: 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. SECTION 2: That an Authorized Representative of the Participant may be deleted by a written instrument signed by all 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 SECTION 3: That 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; Names of the authorized representatives of the Participant are: Resolution No. 2020-05(R) TexPool Authorization 1. Name: Melissa Beard Title: Finance Director Signature di1©�0 6 Phone-972-516-6122 Fax- 972-516-6142 Email - Melissa.beard@wylietexas.gov 2. Name: Chris Hosted Title: City Manager aa_eoa-, Signature Phone-972-516-6001 Fax- 972-516-6026 Email- Chris.Holsted@wylietexas.gov 3. Name: Ron Arp Title: Assistant Finance Director Signature (1 p Phone- 972-516-6123 Fax- 972-516-6142 Email- Ron.Arp@wylietexas.gov Name of the Authorized Representative that will have primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement is: 4. Name: Melissa Beard Title: Finance Director Signature Phone- 972-516-6122 Fax- 972-516-6142 Email - Melissa.Beard@wylietexas.gov The authorized representative designated to perform inquiry only of selected information is: 5. Name: Fernando Orellana , Title: Accountant Y-( Signature Phone- 972-516-6126 Fax- 972-516-6142 Email- Fernando.Orellana@wylietexas.gov 1 Resolution No. 2020-05(R) TexPool Authorization SECTION 4: 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. And, that this resolution supersedes all prior authorized representative designations. THIS RESOLUTION IS HEREBY INTRODUCED AND ADOPTED by the Participant at its regular meeting held on the 28th day of January, 2020. NAME OF PARTICIPANT: City of Wylie Eric Hogue, Ma ; o ATTEST: j ((WOW Stephanie Storm, City Secretary Resolution No. 2020-05(R) TexPool Authorization