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HomeMy WebLinkAboutRES 071123-5.J - Banking AuthorizationRESOLUTION NO. 0-1 k M5-5.5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS TO AUTHORIZE REPRESENTATIVES TO CONDUCT BUSINESS FOR NON -PRIMARY DEPOSITORY INSTITUTION SERVICES INCLUDING, BUT NOT LIMITED TO: J.P. MORGAN CHASE & CO., WELLS FARGO BANK, TEXPOOL PARTICIPANT SERVICES, TEXSTAR, TEXAS RANGE, ALLIANCE BANK, BANK OZK, BANK OF OKLAHOMA, EAST WEST BANK, INDEPENDENT FINANCIAL, NEXBANK, RBANK TEXAS, SOUTHSIDE BANK, TEXAS CAPITAL BANK, THIRD COAST BANK, & VERITEX BANK. WHEREAS, the City of Georgetown (the "Depositor") is a local government of the State of Texas and is hereby empowered to conduct business with J.P. Morgan Chase & Co., Wells Fargo Bank, TexPool Participants Services, TexSTAR, TexasRange, Alliance Bank, Bank OZK, Bank of Oklahoma, East West Bank, Independent Financial, Nexbank, RBank Texas, Southside Bank, Texas Capital Bank, Third Coast Bank, & Veritex Bank for non -primary bank depository services; and WHEREAS, the City of Georgetown (the "Depositor") is also empowered to conduct business with other banking institutions as required for non -primary bank depository services; NOW THEREFORE BE IT RESOLVED THAT: SECTION ONE. 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. SECTION TWO. The individuals, whose names appear below, are Representatives of the Depositor and are each hereby authorized to open accounts, to issue letters of instruction, and to take all other actions deemed necessary or appropriate for the purpose of conducting non -primary bank depository services at institutions necessary to conduct City business. Name: Authorized Representatives are listed below: Title: Leigh Wallace Finance Director Elaine Wilson Assistant Finance Director Nathan Parras Assistant Finance Director Karrie Pursley Treasurer Christi Rawls Controller Dana Card Accounting Supervisor Resolution Number: 0-1 l l 5.5 Description: Banking Authorization Resolution Date Approved: July 11, 2023 Page 1 of 2 Sabrina Poldrack I Assistant Treasurer SECTION THREE. An Authorized Representative of the Depositor may be added or deleted by a written instrument signed by at least one of the named Authorized Representatives. SECTION FOUR. Specific authorization forms previously approved by Council for TexPool are still in effect to meet those banks individual requirements. SECTION FIVE. This Resolution and its authorization shall continue in full force and effect until amended or revoked by the Depositor. SECTION SIX. The Mayor is hereby authorized to sign this Resolution and the City Secretary to attest. SECTION SEVEN. This Resolution shall become effective upon its adoption. PASSED AND APPROVED on the 11th day of July, 2023. ATTEST: CITY OF GEORGETOWN, TEXAS 1 By: Robyn Nnsmore Po?h Schroeder City Secretary LMpyor APPROVED AS TO FORM: J'L Skye asson City Attorney Resolution Number: Description: Banking Authorization Resolution Date Approved: July 11, 2023 Page 2 of 2 Resolution Amending Authorized Representatives Please complete this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized Representative forms. * Required Fields WHEREAS, City of Georgetown Participant Name* L?_-L_�3 9_.1_7_j 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. Leigh Wallace _ Finance Director Name Title 15 11 2 9 13 10]A16 17 ] 7 15-Li i?-L9 i3 L0 �6 L1j] leigh.wallace@georgetown.org _ Phone Fax Email Signature 2 Elaine Wilson Assistant Finance Director _---- -- Name Title �f 1 12 1913 1 7 7 0 2 15 11 12 19 13 10 10 14 0 0 elaine.wilson@georgetown.org Phone Fax Email Signature g 1Karrie Purse J JTreasurer Name Title 5 11 12 19 13 10 16 15 11 15 I 15 11 12 19 13 1013 16 18 11_1 karrie.pursley@geor etg own.or�c� Phones � Fax Email Signature✓- Form Continues on Next Page 1 of 2 Resolution Amending Authorized Representatives Please complete this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized Representative forms. * Required Fields WHEREAS, JCity of Georgetown Participant Name* 17 8 3 9 7j 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. 1. IDana Card I JAccounting Manager Name Title 15 11 12 9 L3 10 �6� 514 �88J 5 1 1219- 0 10 14 1.0 0 dan_a.card@georgetown.org Phone Fax Email Signature 2 Sabrina Poldrack Assistant Treasurer Name Title �5 1 2 3 j0 6 8 9 9 L5_ 2 9 3 0 13 16 18 11 1 Lsabr_in_a.poldrack@georgetown.org Phon Fax Email Signature 3. lChristi Rawls _ _ - - I Controller Name Title 5 1 2 9 3 5 1 6 5 1 2 9 13 1010 14 � 0 Christi.rawls@georgetown.org P Email Fax Signature Form Continues on Next Page 1 of 2 4. INathan Parras___._____i._�_____ Name Phone I _ ..IJA: Signature Assistant Finance Director Title L5j1 12 �9_L [3 �6 �8 �1 j nathan.parras@georgetown.org______—.-_I Fax Email J 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. IKarrie Pursley - -j 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. Name Title 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 Iintroduced and adopted by the Participant at its regular/special meeting held on the 11 11J day of JJuly 2.1 0 123J. Note: Document is to be signed by your Board President, Mayor or County )udge and attested by your Board Secretary, City Secretary or County Clerk. City of Georgetown, Te s Name of Participant* SIGNED ATT Signature* Josh Schroeder Printed Name* Mayor Title* Please return this document to TexPool Participant Services: Email: texpool@dstsystems.com Fax: 866-839-3291 1 Signature* Robyn Densmore Printed Name* City Secretary Title* TEX-REP 2 OF 2 1-866-TEXPOOL 839-7665 • TexPool.com Managed and © 2022 Federated Hermes )Inc. Serviced by Federated G45340-17 (3122) Hermes