RESO 2004-11 - Amend authorized representatives for TexPoolRESOLUTION NO. 2004-11
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS, AMENDING THE AUTHORIZED
REPRESENTATIVES IN TEXPOOL.
WHEREAS, the City of Huntsville 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 City of Huntsville 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 BY THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS, that:
SECTION 1: The individuals, whose signatures appear in this Resolution, are the
Authorized Representatives of the City of Huntsville 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.
SECTION 2: An Authorized Representative of the City of Huntsville 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 City of
Huntsville's TexPool account, or 2) no longer employed by the City of Huntsville.
SECTION 3: The City of Huntsville 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 City of Huntsville.
SECTION 4: Listed below are the Authorized Representatives of the City of Huntsville.
These individuals will be issued P.I.N. numbers:
1. Winston Duke, Director of Finance
(936) 291 -5437
2. Liesa Hackett, Adm. Coordinator for Finance
(936) 291 -5435
3. Steve Ritter, Accountant II
(936) 291 -5486
4. Marcella Metz, Accountant I
(936) 291-5443
SECTION 5: Liesa Hackett will be the Authorized Representative with primary
responsibility for performing transactions and receiving confirmations and monthly statements under
the Participation Agreement.
SECTION 6: In addition, one additional Authorized Representative is designated to perform
only inquiry of selected information. This limited representative cannot make deposits or
withdrawals.
4. Kevin Evans, City Manager
(936) 291 -5400
SECTION 7: This Resolution and its authorization shall continue in full force and effect
until amended or revoked by the City of Huntsville, and until TexPool receives a copy of such
amendment or revocation.
INTRODUCED and ADOPTED by the City Council of the City of Huntsville at its regular meeting
on this the 15th day of June 2004.
CITY OF HUNTSVILLE, TEXAS
Jack K. CI e, A Ling Ma
Danna Welter, City Secretary
APPROVED AS TO F
Thomas A. Leeper, ' ty • r orney