RES 2002-02TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2002 - 02
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY
CLUB, TEXAS, AUTHORIZING THE TOWN OF TROPHY CLUB TO ENTER
INTO A TEXPOOL PARTICIPATION AGREEMENT WITH THE
COMPTROLLER OF PUBLIC ACCOUNTS; DESIGNATING AUTHORIZED
REPRESENTATIVES; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Interlocal Cooperation Ac;. TEX GOV'T CODE ANN, Chapter 791, and the
Public Funds Investment Act, TEX GOV'T CODE ANN, Chapter 2256, provide for the creation of
public fund investment pools to which any local government may delegate, by contract, the authority
to hold legal title as custodian and to make investments purchased with local investment funds;
WHEREAS, TexPool was created on behalf of entities whose investment objectives in order
of priority are preservation and safety of principal, liquidity, and yield consistent with the Public
Funds Investment Act;
WHEREAS, participating in TexPool requires that the Town of Trophy Club enter into a
TexPool Participation Agreement with the Comptroller of Public Accounts, acting by and through the
Texas Treasury Safekeeping Trust Company, trustee of TexPool; and
WHEREAS, it is in the best interest of the Town of Trophy Club, Texas, to invest local funds
from the sale of bonds for street improvements in investments that provide for the preservation and
safety of principal, liquidity, and yield consistent with the Public Funds Investment Act.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
Section 1. That the Mayor of the Town of Trophy Club, Texas, or his designee, is
hereby authorized to enter into a TexPool Participation Agreement with the Comptroller of Public
Accounts on behalf of the Town of Trophy Club to establish an account in the name of the Town for
the purpose of transmitting local funds for investment in TexPool.
Section 2. That a copy of the TexPool Participation Agreement is attached hereto as
Exhibit "A" and incorporated herein as if copied in its entirety.
Section 3. That the individuals whose signatures appear in this Resolution are
Authorized Representatives of the Town of Trophy Club, Texas, and are hereby authorized to
transmit funds for investment in TexPool 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. Changes to Authorized Representatives maybe made
as follows:
QATOWNSECTending Resolutions\street bond TexPool-0I0202.doc _ I -
(a) An Authorized Representative of the Town may be deleted by a written instrument
signed by all remaining Authorized Representatives provided that the deleted
Authorized Representative is:
(1) Assigned job duties that no longer require access to the Town's TexPool
account; or
(2) No longer employed by the Town.
(b) The Town may, by amending Resolution approved by the Town, add an Authorized
Representative, providing that the additional Authorized Representative is an
officer, employee, or agent of the Town.
The following individuals are hereby designated as authorized representatives of the Town of
Trophy Club, Texas, and will be issued P.I.N. numbers.
1. Name: o er Un er
Signature
2. Name: Donna Welsh, ,J
Signature e'er
3. Name: / Diane Cockrell
Signature)
M.
4. Name: Cathv Morgas
Signature
Title: Director of Finance
Direct Phone Number: 682-831-4613
Title: Town Manager
Direct Phone Number: 682-831-4607
Title: Town Secretary
Direct Phone Number: 682-831-4601
Title: District Manager
Direct Phone Number: 682-831-4610
The Authorized Representative, as provided above, that will have primary responsibility for
performing transactions and receiving confirmations and monthly statements under the Participation
Agreement is designated as follows:
Name:
Roger Unger
In addition, and at the option of the Town of Trophy Club, one additional authorized
representative can be designated to perform only inquiries of selected information. This limited
representative cannot make deposits or withdrawals. If the Town of Trophy Club desires to designate
a representative with inquiry rights only, that individual shall be designated as follows:
5. Name:
Signature
Title:
Direct Phone Number:
Q:\TOWNSEC\Pending Resoludons\street bond TexPool-010202.doc - 2 -
Section 4. That this resolution shall continue in full force and effect until amended or
revoked by the Town of Trophy Club, Texas, and until TexPool receives a copy of any such
amendments or revocation.
Section 5. That this Resolution shall become effective from and after its date of passage in
accordance with law, and it is so resolved.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this
7th day of January 2002.
Town of TropK Club, Texas
ATTEST:
Town Secretary
Town of Trophy Club, Texas
Ea1"V V\
f
(.i
[SEAL] IQ
Town Attorney
Town of Trophy Club, Texas
C
Iri
EFFECTIVE: January 16, 2002
QATOwNSECPending Resolutions\street bond TexPool-010202.doc -3 -
RESOLUTION
AMENDING AUTHORIZED REPRESENTATIVES
WHEREAS, Town of Trophy Club
("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"), a public funds investment
pool, was 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 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 all remaining Authorized Representatives provided that the deleted Authorized
Representative (1) is assigned job duties that no longer require access to the Participant's TexPool
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;
Page 1 of 3
List the Authorized Representatives of the Participant. These individuals will be issued P.I.N. numbers.
1.Name Roger Unger
Signature
2. Name 9,Tna Welsh
Signature - cz
3. Name D,a.^ari�e Cockrell
Signature
Title Director of Finance
Direct Phone Number 682-831-4613
Title Town Manager
Direct Phone Number 682-831-4607
Title Town Secretary
Direct Phone Number 682-831-4601
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.
Name Roger
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 make deposits or
withdrawals. If the Participant desires to designate a representative with inquiry rights only, complete the
following information.
4. Name
Title
D. That this Resolution and its authorization shall continue in full force and effect until amended
or revoked by the Participant, and until TexPool receives a copy of any such amendment or revocation. This
Resolution is herebv introduced and adopted by the Participant at its regular/special meeting held on the
7th day January 2002 �1
NAME OF PARTICIPAN
B
9 OF r�,
OFFICIAL SEAL
0
Scott Smith
Printed Name
Mayor
Title
ATTEST:
Signature j
Diane Cockrell
Printed Name
Town Secret
Title
Page 2 of 3
List the Authorized Representatives of the Participant. These individuals will be issued P.I.N. numbers.
V\ -
1. Name Cathy Moorg��,as
Signature
2. Name N/A
Signature
3. Name
Signature
Title District Manager
Direct Phone Number 682-831-4610
Title
Direct Phone Number
Title
Direct Phone Number
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.
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 make deposits or
withdrawals. If the Participant desires to designate a representative with inquiry rights only, complete the
following information.
4. Name
Title
D. That this Resolution and its authorization shall continue in full force and effect until amended
or revoked by the Participant, and until TexPool receives a copy of any such amendment or revocation. This
Resolution is herebv introduced and adopted by the Participant at its regular/special meeting held on the
7th day January ,20 02
NAME OF PARTICIPANT: TownTro V Cl
BY:
I ature
Z
19 a, 5 4E
OFFICIAL SEAL
Scott Smith
Printed Name
Mayor_
Title 7
ATTEST:_ -le?'tGG
Signature
Diane Cockrell
Printed Name
Town Secre
Title
Page 3 of 3