HomeMy WebLinkAboutResolution 2017-024RESOLUTION NO. 2017 -024
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NORTH RICHLAND HILLS AUTHORIZING
INVESTMENT OFFICERS.
WHEREAS, the City of North Richland Hills is a home rule city acting under its charter adopted
by the electorate pursuant to Article XI, Section 5 of the Texas Constitution and
Chapter 9 of the Local Government Code; and
WHEREAS, the City Council previously appointed investment officers; and
WHEREAS, the City Council wishes to update the list of officers authorized to execute
investment transactions for the City
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH
RICHLAND HILLS, TEXAS:
SECTION 1. THAT the following officers of the City of North Richland Hills, Texas are hereby
authorized to execute all investment transactions of the City with all securities
dealers, banking institutions, investment pools, and custodial and safekeeping
service institutions approved by the City investment committee in accordance with
the City's investment policy:
Karen Bostic Assistant City Manager
Mark Mills Finance Director
Amanda Brown Accountant II
SECTION 2. THAT the above officers of the Cit y
authorized to execute the TexPool,
Pools) forms amending authorized
body of the City.
Signature
Signatur ��
Signature " V
of North Richland Hills, Texas are hereby
TexStar, and Logic Resolution (Investment
representatives on behalf of the governing
SECTION 3. THAT the City Manager is hereby authorized to execute the amendment forms, a
copy of which is attached hereto and made a part hereof, as the act and deed of
the City.
AND IT IS SO RESOLVED.
PASSED AND APPROVED this the 15th day of May, 2017.
CITY O ORTH TLAND LLS
By:
Os ar Trevino, Mayor
ATTEST: ��NO,S;'-
Alicia Richardson, City rtary
-% �a..*
APPROVED AS TO LEGALIW Z /ju,11111" ""
a eshia Farmer, City Attorney
APPROVED AS TO CONTENT:
Mark Mills, Director of Finance
Please use this form to amend or designate Authorized Representatives.
This document supersedes all prior Authorized Representative forms.
* Required Fields
1. Resolution
WHEREAS,
■ ■ ■■ ■■ ■■■ ■ ■■ ■ ■ ■ ■ no ■
(City of North Richland Hills, Texas 1 17 18 12 10 [ 6 j
Participant Name* Location Number*
( "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 as follows:
A. 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 / 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.
B. That an Authorized Representative of the Participant may be deleted by a written instrument 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
C. 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;
List the Authorized Representative(s) of the Participant. Any new individuals will be issued personal identification numbers to transact business with
TexPool Participant Services.
Mark C. Mills
Name
(Finance Director I
Title
17) 427 -6052 / (817) 427 -6151 / mmills_(a nrhtx.com
Phone /Fax/Email
Signature
2. [ Karen Bostic
Name
(Assistant City Manager
Title
17) 427 -6005 / (817) 427 -6016 / kbostic @nrhtx.com
Signature
FORM CONTINUES ON NEXT PAGE 1 OF 2
1. Resolution (continued)
•_ Brown
Name
Accountant II
Title
817) 427 -6153 / (817) 427 -6151 / abrown @nrhtx.com
4.1
Name
I
`Title
!
Phone /Fax/Email
Signature
List the name of the Authorized Representative listed above that will have primary responsibility for performing transactions and receiving confirmations
and monthly statements under the Participation Agreement.
!Amanda Brown
Name
In addition and at the option of the Participant, one additional Authorized Representative can be designated to perform only inquiry of selected
information. This limited representative cannot perform transactions. If the Participant desires to designate a representative with inquiry rights only,
complete the following information.
6Amanda Townsend
Name
Finance Assistant
Title
(817) 427 -6169 / (817) 427 -6151 / aownsend@nrhtx.com
Phone /Fax/Email
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 15th day May 20 17.
Note: Document is to be signed by your Board President, Mayor or County Judge and attested by your Board Secretary, City Secretary or
County Clerk.
Pity of North Richland Hills, Texas
Name of Participant*
SIGNED ATTEST
Signature* Signature*
Mark Hindman I Alicia Richardson
Printed Name* Printed Name*
City Manager I ICity Secretary
Title* Title*
The completed Resolution Amending Authorized Representatives can be faxed to TexPool Participant Services at 1- 866- 839 -3291, and mailed to:
TexPool Participant Services
1001 Texas Avenue, Suite 1400
Houston, TX 77002
ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEX -REP 2 OF 2
TexPool Participant Services Managed and Federated
1001 Texas Avenue, Suite 1400 • Houston, TX 77002 Serviced by
Phone: 1- 866-TEXPOOL (839 -7665) • Fax: 1. 866-839 -3291 • www.texpool.com G45340.17 (12115)
T exSTAR_
AMENDING RESOLUTION
WHEREAS, City of North Richland Hills, Texas
(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
Assert Reserve Fund ( "TexSTAR ");
WHEREAS, the Application designated on one or more "Authorized Representatives"
within the meaning of the Agreement;
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:
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.
Authorized Representatives. 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:
Name: Mark C. Mills Title: Finance Director
Sign atur : Phone: 817-427-6167
Email:-mmills@nrhtx.com
Name: Karen Bostic Title: Assistant City Manager
Signature: -� Phone: 817- 427 -6005
s. Name. Amanda Brown
Email:-kbostic@nrhtx.com
Title: Accountant II
Signature: Ph
817- 427 -6151
one: _
4. Name:
Signature:
Email:abrown@nrhtx.com
it
Phone:
Email:
(REQUIRED) PRIMARY CONTACT. List 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
Alm-- Amanda Brown
{OPTIONAL} INQUIRY ONLY CONTACT. • In addition, the following additional Participant representative (not
listed above) is designated as an Inquiry Only Representative authorized to obtain account information:
Name: Amanda Townsend Title: Finance Assistant
Signature�j,��e, �,�i �y? Phone: 817) 427 -6169
Email: atownsend @nrhtx.com
Participant may designate other authorized representatives by written instrument signed by an existing
Participant Authorized Representative or Participant's chief executive officer.
*REQUIRED*
PLACE OFFICIAL SEAL OF ENTITY HERE
DATED 05/1512017
City of North Richland Hills, Texas
(NAME OF PARTICIPANT)
SIGNED BY:
(Signature of official)
Mark Hindman, City Manager
(Printed name and title)
ATTESTED BY: Vt-` % 4` J
(Signature of official)
Alicia Richardson, City Secretary
(Printed name and title)
FOR INTERNAL USE ONLY
APPROVED AND ACCEPTED: TEXAS SHORT TERM ASSET RESERVE FUND
.............................................. ...............................
AUTHORIZED SIGNER
r
DATED 05/1512017
City of North Richland Hills, Texas
(NAME OF PARTICIPANT)
SIGNED BY:
(Signature of official)
Mark Hindman, City Manager
(Printed name and title)
ATTESTED BY: Vt-` % 4` J
(Signature of official)
Alicia Richardson, City Secretary
(Printed name and title)
FOR INTERNAL USE ONLY
APPROVED AND ACCEPTED: TEXAS SHORT TERM ASSET RESERVE FUND
.............................................. ...............................
AUTHORIZED SIGNER
RESOLUTION CHANGING AUTHORIZED REPRESENTATIVES FOR LOCAL
GOVERNMENT INVESTMENT COOPERATIVE
WHEREAS, City of North Richland Hills, Texas
(the "Government Entity ") by authority of that certain Local Government Investment Cooperative
Resolution No. 2017 -024 (the "Resolution ") has entered into that certain Interlocal Agreement (the
"Agreement ") and has become a participant in the public funds investment pool created thereunder known
as Local Government Investment Cooperative ( "LOGIC ")•
WHEREAS, the Resolution designated on one or more "Authorized Representatives"
within the meaning of the Agreement;
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:
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: deposit money to and withdrawal money from the Government Entity's LOGIC account or
accounts from time to time in accordance with the Agreement and the Information Statement describing
the Agreement and to take all other actions deemed necessary or appropriate for the investment of funds
of the Government Entity in LOGIC:
I. Name: Mark C. Mills Title: Finance Director
Signature C Phone: 817 -427 -6167
Email: mmills @nrhtx.com
2. Name: Karen Bostic Title: Assistant City Manager
Signature: -�� - Phone: 817- 427 -6005
Email: kbostic @nrhtx.com
3. Name: Amanda Brown Title: Accountant II
signature: 6wjti .ry 1t.� Phone: 817-427-6153
Email: abrown @nrhtx.com
4. Name: Title:
re: Phone: /
Emaik:'� /
Amending Resolution
4/7/2016
{REQUIRED} PRIMARY CONTACT: List the name of the Authorized Representative listed above that
will be designated as the Primary Contact and will receive all LOGIC correspondence including
transaction confirmations and monthly statements
Name :Amanda Brown
{OPTIONAL) INQUIRY ONLY CONTACT: In addition, the following additional Participant
representative (not listed above) is designated as an Inquiry Only Representative authorized to obtain
account information:
Name: Amanda Townsend Title: Finance Assistant
Signature: Phone: (817) 427 -6169
atownsend @nrhtx.com
Email:
Applicant may designate other authorized representatives by written instrument signed by an existing
Applicant Authorized Representative or Applicant's chief executive officer.
The foregoing supersedes and replaces the Government Entity's previous designation of officers, officials
or employees of the Government Entity as Authorized Representatives under the Agreement pursuant to
paragraph 4 of the Resolution. Except as hereby modified, the Resolution shall remain in full force and
effect.
PASSED AND APPROVED this 15th day of May , 2017
�\ plUltiuerrnndiiii���i,','`s /�
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h
OFFICIAL SEAL OF PARTICIPANT
( *RF0ITIRFII *1
City of North Richland Hills, Texas
(NAME OF ENTITY /APPLICANT)
SIGNED BY: T" %nnz�
(Signature of official)
Mark Hindman, City Mgn�er
ctuHtg , / ��5y
(Printed name and'II��`°
v�1
O
ATTESTED BY:
Wit. - tQ -
(Signature of o��a QJ�
Alicia Richardson, City Secref ,,,,,rf7r�Cli " „�,,,��
(Printed name and title)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
LOGIC strongly recommends that the Personal Identification Number (PIN) be changed if there is a change in "Authorized
Representatives ". Please include a request to change the PIN number when sending the "Amending Resolution" to LOGIC.
Amending Resolution 4/7/2016