HomeMy WebLinkAboutRES 041205-O - Amend Broker/Dealer ListRESOLUTION NO. 04'/02.OS. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AMENDING THE EXISTING CITY OF GEORGETOWN INVESTMENT BROKER/DEALER LIST EFFECTIVE APRIL 12, 2005. WHEREAS, the goal of the City of Georgetown is to implement an investment policy that utilizes all current municipal investment practices, while ensuring the safety and availability of all funds entrusted to the City in compliance with state federal, state and local laws; and WHEREAS, the City Council of the City of Georgetown wishes to amend its Investment Broker/Dealer List (as last amended January 11 2005); and N OW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: S ECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this ordinance implements the following policy of the Century Plan - Policy Plan Element: 1. Finance Policy Statement 13.00, which states: "All municipal operations are conducted in an efficient business -like manner and sufficient financial resources for both current and future needs are provided", and further finds that the enactment of this ordinance is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan. S ECTION 2. The Investment Policy Broker/Dealer list attached as Exhibit "A" is hereby adopted by the City Council of the City of Georgetown, Texas. S ECTION 3. This resolution shall be effective immediately upon adoption. RESOLVED this 12th day of April, 2005. ATTEST TH•' ITY 0 GEORGETOWN: Sandra Lee City Secretary AA. AI APPROVED AS TO FORM: Patricia E Carls, Brown & Carls, L.L.P. City Attorney Bya G Nelon Mayor April 12, 2005 Investment Resolution No. Page 1 of 1 ©S—© CITY OF GEORGETOWN INVESTMENT POLICY Attachment "A" Approved Broker/Dealer List January 11, 2005 (policy change); List updated 4/12/05 Merrill Lynch UBS Paine Webber, Inc. Bank of America Vining Sparks Duncan Williams Pryor, Daley Securities (previously Pryor, Counts & Co.) Morgan Keegan Citigroup (previously Salomon Smith Barney) SW Securities Coastal Securities Great Pacific Securities The brokers meet City investment policy requirements of: a) providing a signed certification that the entity has received and reviewed the City's investment policy; and b) certifying the entity is licensed and in good standing with the Securities & Exchange Commission. City of Georgetown Investment Policy Page 9 ©//2 os- © Exhi6if "4 " p 1 asier LOT 3t -t LOT STEI E1*SHE LL et al 1 53.253 ACRES 2!M Pit 145 LOT 2g-A N # 033 LOGAN RANCH SECTION 1 CAB. E, St. 7-12 LOT 2a \� • ..00^ .000 ScA»I f = }O0 Mao .1M