RES 2017-38 Negotiate contracts TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2017-38
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS, APPROVING AND AUTHORIZING THE TOWN
MANAGER AND/OR THE DIRECTOR OF FINANCE TO NEGOTIATE
AND EXECUTE ANY AND ALL CONTRACTS AND OTHER
DOCUMENTS INCIDENT TO ESTABLISHING BANK AND
INVESTMENT ACCOUNT(S) FOR THE PURPOSE OF INVESTING IN
AUTHORIZED INVESTMENTS AND FINANCIAL INSTITUTION
DEPOSITS.
WHEREAS, the Town of Trophy Club, Texas desires to invest in authorized
investments and financial institution deposits for investment and deposit purposes; and
WHEREAS, the Town of Trophy Club, Texas is authorized under applicable law
and Town of Trophy Club Investment Policy to contract with investment firms and
financial institutions for investment and deposit purposes.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
Section 1. That the findings and provisions set out in the preamble to this
resolution are hereby in all things approved and adopted.
Section 2. That the following Town of Trophy Club employees whose titles are
set forth below are hereby authorized to negotiate and execute any and all contracts
and other documents as necessary to establish the Town of Trophy Club investment
and financial institution accounts, with the express powers granted to enter into treasury
management services agreements as necessary for account transactions, including but
not limited to deposit, withdrawal, and transfer via wire and ACH:
1. Title: Town Manager
2. Title: Director of Finance/CFO
Section 3. That the Town Secretary is hereby authorized to provide such
certifications as may be necessary or convenient to confirm the title, identity, and
signature of each person holding one of the aforesaid titles and the authority of said
persons with respect to the transactions authorized herein.
Section 4. That the authorization provided herein is contingent upon the
approval of the Town of Trophy Club Town Attorney or designee of all contracts and
other documents to be executed pursuant to the authority granted herein.
Section 5. That all investments made under the authority provided herein are to
be conducted in strict accordance with Town of Trophy Club Investment Policy and
applicable law.
Section 6. That this resolution shall be effective immediately from and after its
date of passage.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club,
Texas, this 14th day of November 2017.
/ ' - /
C. Nick Sanders, Mayor
Town of Trophy Club, Texas
ATTEST: APPR ED i 'TO Fe RM:
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Holly Fimbre , Town Secretary-- j cl JJi!' '!':d III, Town Attorney
Town of Trophy Club, Texas �I c / own of T ophy Club, Texas
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RES 2017-38 Page 2 of 2