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Home My WebLink AboutResolution 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 /� =Z: r 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