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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 ` \-7 'Ii. ATTEST: � APPFC V AS •..FORM: rt / ,k1/ tD Holly Fimbr$s, Town Secretary J. David Dod.-Ill, Town Attorney Town of Trophy Club, Texas. / ,<,)*/ Tpwn of Trophy Club, Texas Gb RES 2017-13 Page 2 of 3 EXHIBIT A TexSTAR Amending Resolution RES 2017-13 Page 3 of 3 TexSTAR ijo 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-----—-- �i -" (Signature of o tial) "`_. C.hl 1 c deck )n�Cr"- /-'0�r rr (Printed namil and title)i R.,. _ ) C' 'aAllorn— ATTESTED 6Y: vyw11 �' 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 I