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Home My WebLink About06-09-16-2l - Resolution - 06/09/2016RESOLUTION NO. 06-09-16-21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS, SETTING A PUBLIC HEARING DATE OF JULY 14, 2016 FOR CONSIDERATION OF LAND USE ASSUMPTIONS AND CAPITAL IMPROVEMENTS PLAN FOR WATER IMPACT FEES, AND WASTEWATER IMPACT FEES. WHEREAS, the City Council of the City of College Station, Texas ("City") is considering system -wide water impact fees and wastewater impact fees; and WHEREAS, § 395.042 Texas Local Government Code sets forth that a political subdivision must adopt an order, ordinance or resolution establishing a public hearing date to consider the land use assumptions and capital improvements plan to impose impact fees; and WHEREAS, in accordance with the aforesaid statutory requirement the City Council desires to call a public hearing to discuss and consider system -wide water impact fees and system -wide wastewater impact fees; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That the facts and recitations set forth in the preamble of this Resolution are hereby declared true and correct. PART 2: That the City Council of the City of College Station, Texas hereby calls for a public hearing to be held during the regular Council session on July 14, 2016 at 7:00 p.m. in the City Council Chambers at 1101 Texas Avenue, College Station, Texas. The purpose of this public hearing is to receive public comment concerning the land use assumptions and capital improvements plan for system- wide water impact fees, and the land use assumptions and capital improvements plan for system -wide wastewater impact fees. PART 3: That City staff is hereby authorized and directed to notice said public hearing and to take all reasonable measures to give effect to this Resolution, including preparing notice in accordance with § 395.055 Texas Local Government Code. ADOPTED this Stn day of June, A.D. 2016. ATTEST: APPROVED: City ecretar APPROVED: e}--/A4t C. ttorney MAYOR I UJ 1!!.!llil -... ! ! !J • ·�*-'-= .. =.=�:o..! __ ! ! ' TEXPOOL Resolution Amending Authorized Representatives AN INVESTMENT SERVICE FOR PUBLIC FUNDS O(p-tJ9-llP-�lb Please use this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized Representative forms. • Required Fields 1. Resolution WHEREAS, I City of College Station Participant Name* 17171118111 Location Number* ("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/ Texpool Prime"), a public funds investment pool, were 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 / TexPool Prime 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 two remaining Authorized Representatives provided that the deleted Authorized Representative (1) is assigned job duties that no longer require access to the Participant's TexPool / TexPool Prime 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; List the Authorized Representative(s) of the Participant. Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. 1.1 Kelly Templin Name I City Manager ntle 2.1 Jeffrey Kersten Name I Assistant City Manager Title (979)764-3555 I (9 719 )764-3899 I jkersten@cstx.gov FORM CONTINUES ON NEXT PA GE 1OF2 1. Resolution (continued) 3.1 Mary Ellen Leonard Name I Finance Director Title I (979) 764-3555 I (979)764-3571 I mleonard@cstx.gov lh�I t..wnr:&cJ 4.1 Michael Dehaven Name I Treasury Manager Title 71 I mdehaven@cstx.gov Signature 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. I Michael Dehaven 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 perform transactions. If the Participant desires to designate a representative with inquiry rights only, complete the following information. I Brandi Whittenton Name I Finance Analyst Title I (979)764-3814 I (979)764-3571 I bwhittenton@cstx.gov Phone/Fax/Email D. That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant, and until TexPool Participant Services receives a copy of any such amendment or revocation. This Resolution is hereby introduced and adopted by the Participant at its regular/special meeting held on the ___ day , 20 _. Note: Document is to be signed by your Board President, Mayor or County Judge and attested by your Board Secretary, City Secretary or County Clerk. I City of College Station Name of Participant• I Sherry Mashburn Printed Name• Printed Name• I Mayor I City Secretary Title' Title' 2. Mailing Instructions The completed Resolution Amending Authorized Representatives can be faxed to TexPool Participant Services at 1-866-839-3291, or mailed to: TexPool Participant Services 1001 Texas Avenue, Suite 1400 Houston, TX 77002 ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TexPool Participant Services 1001 Texas Avenue, Suite 1400 • Houston, TX 77002 TEX-REP Phone: l-866-TEXPOOL (839-7665) • Fax: l-866-839-3291 • www.texpool.com Managed and Serviced by 2 OF 2 Federated® 045340-17 (7/15) To: June 9, 2016 Consent Agenda Item TexPool Resolution Amending Authorized Representatives Kelly Templin, City Manager From: Jeff Kersten, Assistant City Manager Agenda Caption: Presentation, possible action and discussion on a resolution amending the authorized representatives on the local government pool account, TexPool. Recommendation(s): Staff recommends approval of the resolution. Summary: Organized in 1989, TexPool is the largest and oldest local government investment pool in the State of Texas. TexPool currently provides investment services to over 1,700 communities throughout Texas. The State Comptroller oversees TexPool, and Federated Investors manage the daily operations of the pool under a contract with the Comptroller. TexPool is managed conservatively to provide a safe, efficient, and liquid investment alternative to Texas governments. The pool seeks to maintain a $1.00 value per share as required by the Texas Public Funds Investment Act. TexPool investments consist exclusively of U. S. Government securities, repurchase agreements collateralized by U. S. Government securities, and AAA-rated no-load money market mutual funds. TexPool is rated AAAm by Standard & Poor's, the highest rating a local government investment pool can achieve. The weighted average maturity of the pool cannot exceed 60 days, with the maximum maturity of any investment limited to 13 months. TexPool, like the City, is governed by the Texas Public Funds Investment Act. The resolution amendment is to add Treasury Manager, Michael Dehaven as an authorized representative.Kelly Templin, City Manager, Jeff Kersten, Assistant City Manager, Mary Ellen Leonard, Finance Director will remain on the account as designate employees that are able to authorize transactions for the City's TexPool account. Brandi Whittenton, Finance Analyst will remain as inquiry only contact authorize representative. Budget & Financial Summary: None Reviewed and Approved by Legal: Yes Attachments: 1. Resolution Amending Authorized Representatives