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RES 2017-13 Texstar authorized representatives TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2017-13
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS, APPROVING AND AUTHORIZING
AMENDMENTS TO FINANCIAL INSTITUTION DOCUMENTS NAMING
AUTHORIZED TOWN REPRESENTATIVES ON TEXSTAR SHORT
TERM ASSET RESERVE FUND SIGNATURE ACCOUNTS;
APPOINTING AUTHORIZED REPRESENTATIVES, AND
DESIGNATING INVESTMENT OFFICERS.
WHEREAS, the Interlocal Cooperation Act, Chapter 791 of the Texas
Government Code, as amended (the "Interlocal Act"), permits any "local government" to
contract with one or more other "local governments" to perform "governmental functions
and services," including investment of public funds (as such phrases are defined in the
Interlocal Act); and
WHEREAS, the Interlocal Act authorizes the contracting parties to any interlocal
agreement to contract with agencies of the State of Texas, within the meaning of
Chapter 771 of the Government Code; and
WHEREAS, the Public Funds Investment Act, Chapter 2256 of the Texas
Government Code, as amended (the "PFIA"), authorizes the entities described in
Subsection (a) of the PFIA to invest their funds in an eligible public funds investment
pool; and
WHEREAS, it is in the best interests of this governmental unit ("Applicant') to
invest its funds jointly in the TexSTAR Short Term Asset Reserve Fund ("TexSTAR");in
order better to preserve and safeguard the principal and liquidity of such funds and to
earn an acceptable yield; and
WHEREAS, Applicant is authorized to invest its public funds and funds under its
control in TexSTAR and to enter into the participation agreement authorized herein; and
WHEREAS, the Government Entity is a Government Entity as defined in the
Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
Section 1. The form of application for participation in TexSTAR attached to
this resolution is approved. The officers of Applicant specified in the application are
authorized to execute and submit the application, 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 Applicant under the Agreement created by the application, all in the name
and on behalf of Applicant.
Section 2. This resolution will continue in full force and effect until amended or
revoked by Applicant and written notice of the amendment or revocation is delivered to
the TexSTAR Board.
Section 3. Terms used in this resolution have the meanings given to them by
the application.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club,
Texas, on this 8th day of August 2017.
C. Nick Sanders, Mayor
Town of Trophy Club, Texas
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ATTEST: � APPFC V AS •..FORM:
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Holly Fimbr$s, Town Secretary J. David Dod.-Ill, Town Attorney
Town of Trophy Club, Texas. / ,<,)*/ Tpwn of Trophy Club, Texas
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RES 2017-13 Page 2 of 3
EXHIBIT A
TexSTAR Amending Resolution
RES 2017-13 Page 3 of 3
TexSTAR
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AMENDING RESOLUTION
WHEREAS, The Town of Trophy Club
(the "Government Entity")by authority of the Application for Participation in TexSTAR (the
"Application") has e ntered into an In terlocal Agreement (the "Agreement") and ha s become a
participant in the public funds investment pool created there under known as TexSTAR Short Term
Asset 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 he reby designated as"Auth orized 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 re places 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 co ntinue in full fo rce and effect until amen ded 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 notice s and in structions to the Board in accordance with the Agreement,the
Bylaws, the Investment Policy, and the Operating Procedures:
Thomas M. Class Town Manager
1. Name Title:
C1------- --1—
Signature \ lit.__--- l Phone:682-831-4600
Email:
tclass@trophyclub.org
2. Name:
Holly FimbresT Town Secretary
•
, 682-831 4605
Signature: k,1 l 4.` 4.�. ` �T +-� Phone:
Emaithfimbres@trophyclub.org
org
3. Name:
Amber Karkauskas T .Director of Finance
Sgn• u = jib.i/..' ''... ' • Phone:
682-831-4616
Email:akarkauskas©trophyclub.org
4. Name: Title:
Signature: Phone:
Email:
(REQUIRED) PRIMARY CONTACT: List the name o f the Authorized Re presentative listed above that will
be designated as the Pri mary Contact and will re ceive all TexSTAR co rrespondence including transaction
confirmations and monthly statements
Name: Amber Karkauskas, Director of Finance
(OPTIONAL) INQUIRY ONLY CONTACT: In addition, the following additional Participant representativenot
listed above) is designated as an Inquiry Only Representative authorized to obtain account information:
Name:
April Duvall Title:Chief Financial Analyst
Signature: (i)pk.JL ia ..a Phone:682 831-4617
Email:
aduvall@trophyclub.org
Participant may designate other authorized representatives by written instrument signed by an exi sting
Participant Authorized Representative or Participant's chief executive officer.
DATED Zi 2 7 2.01-1
*REQUIRED* 1 S n Cf hol y C\WO
PLACE OFFICIAL SEAL OF ENTITY HERE (NAME OF PART1 PAN1L.
SIGNED BY: e 75-.----1---) ,....._-;/-),.t eev e-----—--
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(Signature of o tial)
"`_. C.hl 1 c deck )n�Cr"-
/-'0�r rr (Printed namil and title)i
R.,. _ ) C'
'aAllorn— ATTESTED 6Y:
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�' tO (Signature of official)
rto ;n�dQ f(A
%, ' (Printed name and title)
aco
1..�' FOR INTERNAL USE ONLY
APPROVED AND ACCEPTED'TEXAS SHORT TERM ASSET RESERVE FUND
AUTHORIZED SIGNER
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