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HomeMy WebLinkAbout02-09-17-2c - Resolution - 02/09/2017 a riot TEXPOOL AN INVESTMENT SERVICE FOR PUBLIC FUNDS March 27, 2017 _-- --__.._-__--.---- - •:,;,re City of College Station MAR 3 0`2017 Attn: Michael Dehaven P. O. Box 9960 ,e„ G College Station, TX 77842 Dear Michael, We are pleased to have the City of College Station as a participant in TexPool and TexPool Prime. Enclosed, you will find your copy of the executed TexPool Investment Pools Participation Agreement, Resolution Authorizing Participation in TexPool and TexPool Prime Investment Pools and Designating Authorized Representatives, and a copy of the TexPool Prime Account Setup Form. Also attached is a signed Investment Policy Certification Letter. Please keep in mind that you will have to use the pool number when placing transactions. The pool numbers are 449 TexPool and 590 TexPool Prime and should be placed in front of the 10 digit account number. TexPool/TexPool Prime is overseen by the Texas Comptroller of Public Accounts. To assist you with all of your TexPool/TexPool Prime needs and questions, a TexPool Participant Services Representative is available by calling our 1-866-839-7665 (1-866- TexPool) toll free number Monday through Friday from 7:30 A.M. to 5:30 P.M. Our toll free fax number is 1-866-839-3291. All of us at TexPool look forward to working with you on your transactions. If you have any questions on initiating your first transaction with TexPool or on any of the information contained in your manual, please contact any one of our Participant Services Representatives or me at 1-866-839-7665. Sincerely, Denise Hamala Unit Manager TexPool Participant Services TexPool Participant Services• 1001 Texas Ave.,Suite 1400•Houston,Texas 77002 Phone:866-839-7665•Fax: 866-839-3291 •www.texnool.com TExPoOL AN INVESTMENT SERVICE FOR PUBLIC FUNDS March 24, 2017 City of College Station Attn: Michael Dehaven P. O. Box 9960 College Station, TX 77842 Dear Michael, This letter is to confirm the deletion of the following person (s)per your instructions: Brandi Whittenton As always, please do not hesitate to call us if you have a question. Sincerely, Denise Hamala Unit Manager TexPool Participant Services TexPool Participant Services 1001 Texas Ave.,Suite 1400 Houston,TX 77002 1-866-839-7665 FAX 1-866-839-3291 Aa � 1 TexPool Investment Pools Participation Agreement TEX ' OOL AN INVESTMENT SERVICE FOR PUBLIC FUNDS Preamble This participation agreement(the"Agreement")is made and entered into by and between the Comptroller of Public Accounts(the"Comptroller"), acting through the Texas Treasury Safekeeping Trust Company(the"Trust Company"),Trustee of the Texas Local Government Investment Pool(TexPool)and TexPool Prime, (collectively the"TexPool Investment Pools"),and the City of College Station (the"Participant"). WHEREAS,the Interlocal Cooperation Act,TEX GOV'T CODE ANN,ch.791 and the Public Funds Investment Act,TEX.GOV'T CODE ANN.ch.2256 (the"Acts")provide for the creation of a public funds investment pool to which any local government or state agency may delegate, by contract,the authority to hold legal title as custodian and to make investments purchased with local funds; WHEREAS,the Trust Company is a special purpose trust company authorized pursuant to TEX.GOV'T CODE ANN.§404.103 to receive,transfer and disburse money and securities belonging to state agencies and local political subdivisions of the state and for which the Comptroller is the sole officer, director and shareholder; WHEREAS,TexPool and TexPool Prime are public funds investment pools,which funds are invested in certain eligible investments as more fully described hereafter; WHEREAS,the Participant has determined that it is authorized to invest in a public funds investment pool created under the Acts and to enter into this Agreement; WHEREAS,the Participant acknowledges that the Trust Company is not responsible for independently verifying the Participant's authority to invest under the Acts or to enter this Agreement; WHEREAS,the Participant acknowledges that the performance of TexPool Investment Pools is not guaranteed by the State of Texas,the Comptroller, or the Trust Company and that there is no secondary source of payment for the TexPool Investment Pools;and WHEREAS, in an effort to ensure the continued availability of an investment pool as a vehicle for investment of local government funds and simultane- ously provide for enhancement in services and potential decreases in management and administrative fees, Participant and Trust Company desire to provide in this Agreement that the Trust Company may obtain private professional investment management and related services. NOW THEREFORE,for and in consideration of the mutual promises,covenants and agreements herein contained,the receipt and sufficiency of which are hereby acknowledged,the parties hereto agree with each other as follows: Article I: Definitions "Account"shall mean any account or accounts,established by the Participant in TexPool Investment Pools in accordance with this Agreement and the Operating Procedures(as defined herein),which Account represents an undivided beneficial ownership in TexPool Investment Pools. "Authorized Investments"shall mean those investments which are authorized by the Investment Act(as herein defined)for investment of public funds. "Authorized Representative(s)of the Participant"shall mean any individual who is authorized to execute documents and take such other necessary actions under this Agreement as evidenced by the duly enacted Resolution of the Participant. "Authorized Representative(s)of the Trust Company"shall mean any employee of the Comptroller or Trust Company who is designated in writing by the Comptroller or the Trust Company's Chief Executive Officer to act as the authorized Trust Company representative for purposes of this Agreement and shall include employees of any private entity performing the obligations of the Comptroller under this Agreement. "Board"shall mean the advisory board provided for in the Investment Act(as defined below). "Investment Act"shall mean the Public Funds Investment Act,TEX.GOV'T CODE ANN.ch.2256,as amended from time to time. "Investment Policy"shall mean the written TexPool Investment Pools Investment Policies,as amended from time to time, relating to the investment and management of funds in TexPool Investment Pools as established by the Trust Company consistent with the Investment Act. "Letter of Instruction"shall mean a written authorization and direction to the Trust Company signed by an Authorized Representative of the Participant. "Operating Procedures"shall mean the written procedures established by the Trust Company describing the management and operation of TexPool Investment Pools, and providing for the establishment of,deposits to and withdrawals from the Accounts,as amended from time to time. "Participant"shall mean any entity authorized by the Acts to participate in a public funds investment pool that has executed this Agreement pursuant to a Resolution. "Resolution"shall mean the resolution adopted by the governing body of a local governmental entity authorizing the entity's participation in TexPool Investment Pools and designating persons to serve as Authorized Representatives of the Participant. FORM CONTINUES ON NEXT PAGE 1 OF 4 Article II:General Administration Section 2.01.TexPool Investment Pools Defined. (a)TexPool Investment Pools are public funds investment pools created pursuant to the Acts. (b)Subject to Section 6.10,the Trust Company agrees to manage the Participant's Account(s)in accordance with the Investment Act and the Investment Policy. Section 2.02.Board. (a)The Board is composed of members appointed pursuant to the requirements of the Investment Act. (b)The Board shall advise the Trust Company on the Investment Policy and on various other matters affecting TexPool Investment Pools, and shall approve fee increases. Section 2.03.General Administration. (a)The Trust Company shall establish and maintain the Investment Policy specifically identifying the Authorized Investments consistent with the Investment Act and the general policy and investment goals for TexPool Investment Pools. (b)The Trust Company shall establish and maintain the Operating Procedures,describing the management and operation of TexPool Investment Pools and providing for procedures to be followed for the establishment of,deposits to,and withdrawals from the Accounts and such other matters as are necessary to carry out the intent of this Agreement. (c)The Trust Company shall have the power to take any action necessary to carry out the purposes of this Agreement,subject to applicable law and the terms of this Agreement. Section 2.04.Ownership Interest. Each Participant shall own an undivided beneficial interest in the assets of TexPool Investment Pools in an amount proportional to the total amount of such Participant's Accounts relative to the total amount of all Participants'Accounts in TexPool Investment Pools, computed on a daily basis. Section 2.05.Independent Audit.TexPool Investment Pools are subject to annual review by an independent auditor consistent with Ch.2256,TEX GOV'T CODE ANN. In addition,reviews of TexPool Investment Pools may be conducted by the State Auditor's Office and the Comptroller's office.The Trust Company may obtain such legal,accounting,financial or other professional services as it deems necessary or appropriate to assist TexPool Investment Pools in meeting its goals and objectives. Section 2.06. Liability.Any liability of the Comptroller,the Comptroller's office,the Trust Company,representatives or agents of the Trust Company, any Comptroller employee,Trust Company or any member of the Board for any loss,damage or claim,including losses from investments and transfers,to the Participant shall be limited to the full extent allowed by applicable laws.The Trust Company's responsibilities hereunder are limited to the management and investment of TexPool Investment Pools and the providing of reports and information herein required. Article III: Participant Requirement Section 3.01.The Participation Agreement.The Participant must execute this Agreement and provide a Resolution authorizing participation in TexPool Investment Pools and designating persons to serve as Authorized Representatives of the Participant and any other documents as are required under,and substantially in the form prescribed by,the Operating Procedures before depositing any funds into TexPool Investment Pools. The Participant must provide an updated Resolution designating Authorized Representatives within 5 business days of the departure of any Authorized Representative of the Participant. Section 3.02.Operating Procedures (a)The Participant acknowledges receipt of a copy of the Operating Procedures.The Operating Procedures describe in detail the procedures required for the establishment of accounts,deposits to and withdrawals from TexPool Investment Pools,and related information. (b)The Operating Procedures may be modified by the Trust Company as appropriate to remain consistent with established banking practices and capabilities and when such modification is deemed necessary to improve the operation of TexPool Investment Pools. (c)The Participant hereby concurs with and agrees to abide by the Operating Procedures. Article IV: Investments Section 4.01.Investments.All monies held in TexPool Investment Pools shall be invested and reinvested by the Trust Company or Authorized Representatives of the Trust Company only in Authorized Investments in accordance with the Agreement,the Investment Policy and the Investment Act. Participant hereby concurs with any such investment so made by the Trust Company.Available funds of TexPool Investment Pools that are uninvested may be held at the Trust Company's account at the Federal Reserve Bank of Dallas,or any designated custodian account,or with a custodian selected by the Trust Company. All investment assets and collateral will be in the possession of the Trust Company and held in its book- entry safekeeping account at the Federal Reserve Bank,any designated custodian account,or with a custodian selected by the Trust Company. Section 4.02. Failed Investment Transaction. In the extraordinary event that a purchase of securities results in a failed settlement, any resulting uninvested funds shall remain in the Trust Company's Federal Bank of Dallas account,any designated custodian account or with a custodian selected by the Trust Company. If an alternative investment can be secured after the failure of the trade to settle,TexPool Investment Pools will receive all the income earnings,including but not limited to,any compensation from the purchaser failing in the trade and the interest income from the alternative investment. Section 4.03.Investment Earnings and Losses Allocation.All interest earnings in TexPool Investment Pools will be valued daily and credited to the Participant's Accounts monthly, on a pro rata allocation basis.All losses, if any, resulting from the investment of monies in TexPool shall also be allocat- ed on a pro rata allocation basis.All earnings and losses will be allocated to the Participant's Accounts in accordance with generally accepted account- ing procedures. Section 4.04.Commingling of Accounts.Participant agrees that monies deposited in TexPool and TexPool Prime, may be commingled with all other monies held in TexPool and TexPool Prime,respectively for purposes of common investment and operational efficiency.However,each Participant will have separate Accounts on the books and records of TexPool Investment Pools,as further provided for in the Operating Procedures. FORM CONTINUES ON NEXT PAGE 2 OF 4 Article V: Fees,Expenses and Reports Section 5.01.Fees and Expenses.The Participant agrees to pay the amount set forth in the fee schedule. Participant agrees that all fees shall be directly and automatically assessed and charged against the Participant's Accounts.The basic service fee shall be calculated as a reduction in the daily income earned,thus only the net income shall be credited to the Participant's Account. Fees for special services shall be charged to each Participant's account as they are incurred or performed.A schedule of fees shall be provided to the Participant annually. Each Participant will be notified thirty(30) days prior to the effective date of any change in the fee schedule. Section 5.02. Reports.A monthly statement will be mailed to the Participant within the first five(5)business days of the succeeding month.The monthly statement shall include a detailed listing of the balance in the Participant's Accounts as of the date of the statement;all account activity, including deposits and withdrawals;the daily and monthly yield information;and any special fees and expenses charged.Additionally,copies of the Participant's reports in physical or computer form will be maintained for a minimum of three prior fiscal years.All records shall be available for inspection at all reasonable hours of the business day and under reasonable conditions. Section 5.03.Confidentiality.The Trust Company and any private entity acting on behalf of the Trust Company for purposes of this Agreement will maintain the confidentiality of the Participant's Accounts,subject to the Public Information Act,TEX GOV'T CODE ANN.ch.552, as amended. Article VI:Miscellaneous Section 6.01. Notices.Any notices, Letters of Instructions or other information required or permitted to be given hereunder shall be submitted in writing and shall be deemed duly given when deposited in the U.S.mail postage prepaid or successfully transmitted via facsimile addressed to the parties as follows: To the Participant: 'City of College Station 1 Participant 11101 Texas Avenue Address 'College Station, Texas 77842 City,State,Zip I9171917161411 31 81 51 21 1719171716141315171 1] Telephone Fax To Trust Company with respect to contractual matters or disputes under this Agreement: Texas Treasury Safekeeping Trust Company Attn:TexPool Investment Pools Rusk State Office Building 208 East 10th Street Austin,TX 78701 Telephone:(512)463-3716 FAX No.: (512)463-0823 To TexPool Investment Pools with respect to operational matters,including enrollment documents;changes to Authorized Representatives; Bank Information Sheets;initiation of deposits or withdrawals of funds;changes to addresses;audit confirmation requests;and account inquiry: TexPool Participant Services C/O Federated Investors Inc. 1001 Texas Ave.,Suite 1400 Houston,TX 77002 Telephone: 1-866-839-7665(1-866-TEX-POOL) FAX No.: 1-866-839-3291 (1-866-TEX-FAX1) The Participant and the Trust Company agree to notify the other of any change affecting this information and agree that unless and until so notified,the other party shall be entitled to rely on the last information provided. Section 6.02.Taxpayer Identification Number.The Participant's taxpayer identification number assigned by the Internal Revenue Service is: 74-6000534 .The Participant hereby agrees to notify the Trust Company of any change affecting this Taxpayer Identification number and agrees that unless and until so notifies,the Trust Company shall be entitled to rely on same in providing any and all reports or other information neces- sary or required by the Federal tax laws as amended from time to time. Section 6.03.Severability. If any provision of this Agreement shall be held or deemed to be in fact illegal, inoperative or unenforceable,the same shall not affect any other provision or provisions herein contained or render the same invalid,inoperative or unenforceable to any extent whatsoever. Section 6.04.Execution of Counterparts.This Agreement may be simultaneously executed in several separate counterparts,each of which shall be an original and all of which shall constitute but one and the same instrument. Section 6.05.Applicable Law.This Agreement shall be governed by and construed in accordance with the laws of the State of Texas.Venue for any dispute under this Agreement shall be in Travis County,Texas. FORM CONTINUES ON NEXT PAGE 3 OF 4 • A heft UI Mtscetlanequs(continuo .., ,.,.,;; _.._ Section 6.06,Captions.The captions or headings In this Agreement are for convenience only and In no way defined,limit or describe the scope or intent of any provisions,articles or sections of this Agreement, Section 6.07.Amendments. (a)The Trust Company shall advise the Participant in writing of any amendments to this Agreement no less than 45 days prior to the effective date of such amendment.The Participant may ratify the proposed amendment of this Agreement by letter to the Trust Company.If the Participant elects not to ratify the amendment,the Participant may terminate this Agreement In accordance with Section 6.08.In the event the Participant falls to respond in writing to a notice of amendment prior to the effective date of such amendment,this Agreement shall be deemed amended. (b)The Trust Company may periodically revise the Operating Procedures from time to time as it deems necessary for the efficient operation of TexPool investment Pools.The Participant will be bound by any amendment to the Operating Procedures with respect to any transaction occurring subse- quent to the time such amendment takes effect,provided,however,that no such amendment shall affect the Participant's right to cease to be a Participant. Section 6.08.Termination.This Agreement may be terminated by either party hereto,with or without cause,by tendering 30 days prior written notice in the manner set forth in Section 6,01 hereof. Section 6.09.Term.Unless terminated in accordance with Section 6.08,this Agreement shall be automatically renewed on each anniversary date hereof. Section 6.10.Assignment,The Trust Company may enter into an agreement with a third party investment manager to perform its obligations and service under this Agreement,provided that such third party investment manager shall manage TexPool Investment Pools according to the Investment Act,Investment Policy and in a manner consistent with that directed by the Trust Company.The Trust Company also shall have the right to assign its rights and obligations under the Agreement to a third party Investment manager if the Trust Company determines that such assignment is in the best Interest of the State and Participants.In the event a successor pool to TexPool or TexPool Prime is deemed by the Tn.ist Company to be In the best interest of the State and the Participant,the Trust Company may take any action it deems necessary to assign Its rights and benefits under any third party agreements and transfer the assets from TexPool Investment Pools to any successor pool. In Witness Whereof,the parties hereto have caused this Agreement to be executed as of the dates set forth below,and the Agreement shall be effective as of the latest such date. TEXASTREASU Y SA K NO UST COMPANY PARTICIP COMPTRDLL F OUN t Jlgnafure Signature IKart,MOoney 1 1 Pain Ballard 1 Printed Name Printed Name !Mayor I �Ciatof Executive OfficerI Idle Title bMOlitellerII111 LajA2122I0I11.:1 Date Date CERTIFICATE OP INCUMBENCY: The preceding signatory is a duly appointed,acting,and qualified officer of the Participant,who,in the capacity set forth above is authorized to execute this Agreement. IN WITNESS WHEREOF,I have duly executed thin certificate as of the 1. day of Vra,9tutit'•/ ,2020Or. Signature !Sherry MMtashbtrrn I Printed Name !City Secretary= iive ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEX-ENRT)LL 4 OP 4 TexPoot PartldpentServices Managed and tom Texas Avenue,Suite 1400 .. Houston,TX 77002 Serviced by cc Phone:1.866TBXPOOL(B39.76651 • Fax;I.866.839 3291 . www.texpaol.com 04534021 t9/15) Article VI:Miscellaneous(continued) Section 6.06.Captions.The captions or headings in this Agreement are for convenience only and in no way defined, limit or describe the scope or intent of any provisions, articles or sections of this Agreement. Section 6.07.Amendments. (a)The Trust Company shall advise the Participant in writing of any amendments to this Agreement no less than 45 days prior to the effective date of such amendment.The Participant may ratify the proposed amendment of this Agreement by letter to the Trust Company. If the Participant elects not to ratify the amendment,the Participant may terminate this Agreement in accordance with Section 6.08. In the event the Participant fails to respond in writing to a notice of amendment prior to the effective date of such amendment,this Agreement shall be deemed amended. (b)The Trust Company may periodically revise the Operating Procedures from time to time as it deems necessary for the efficient operation of TexPool Investment Pools.The Participant will be bound by any amendment to the Operating Procedures with respect to any transaction occurring subse- quent to the time such amendment takes effect, provided, however,that no such amendment shall affect the Participant's right to cease to be a Participant. Section 6.08.Termination.This Agreement may be terminated by either party hereto,with or without cause,by tendering 30 days prior written notice in the manner set forth in Section 6.01 hereof. Section 6.09.Term.Unless terminated in accordance with Section 6.08,this Agreement shall be automatically renewed on each anniversary date hereof. Section 6.10.Assignment.The Trust Company may enter into an agreement with a third party investment manager to perform its obligations and service under this Agreement,provided that such third party investment manager shall manage TexPool Investment Pools according to the Investment Act, Investment Policy and in a manner consistent with that directed by the Trust Company.The Trust Company also shall have the right to assign its rights and obligations under the Agreement to a third party investment manager if the Trust Company determines that such assignment is in the best interest of the State and Participants. In the event a successor pool to TexPool or TexPool Prime is deemed by the Trust Company to be in the best interest of the State and the Participant,the Trust Company may take any action it deems necessary to assign its rights and benefits under any third party agreements and transfer the assets from TexPool Investment Pools to any successor pool. In Witness Whereof,the parties hereto have caused this Agreement to be executed as of the dates set forth below,and the Agreement shall be effective as of the latest such date. TEXAS TREASURY SAFEKEEPING TRUST COMPANY PARTICI COMPTROLLER OF PUBLIC ACCOUNTS 00/ '71 Sig attar G Signature Karl Mooney Printed Name Printed Name (Mayor Title Title 1 , , , , „ „ Date Date CERTIFICATE OF INCUMBENCY: The preceding signatory is a duly appointed,acting, and qualified officer of the Participant,who, in the capacity set forth above is authorized to execute this Agreement. IN WITNESS WHEREOF, I have duly executed this certificate as of the A day of ,20 i?". Att.0(1k p � Sig ure 'Sherry Mashburn Printed Name 'City Secretary Title ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEX-ENROLL 4 OF 4 TexPool Participant Services Managed and MPII Federated 1001 Texas Avenue,Suite 1400 • Houston,TX 77002 Serviced by Phone:1-866-TEXPOOL(839-7665) • Fax: 1-866-839-3291 • www.texpool.com 045340-21(9/15) A 00 ° Resolution Authorizing Participation 1 ` r. ` '11' in the TexPool Investment Pools and IY90t Designating Authorized Representatives BLIC FUNDS 02-09-/7-a.c WHEREAS, 0..:U—, '.:C- Cd&\\1/4, g,-Q. c�.:4a..Cv*, ("Participant")is a local government or state agency of the State of Texas and is empowered to delegate to the public funds investment pools 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 Pools("TexPool/TexPool Prime"),public funds investment pools,were 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. NOW THEREFORE, be it resolved as follows: A. That Participant shall enter into a Participation Agreement to establish an account in its name in TexPool/TexPool Prime,for the purpose of transmitting local funds for investment in TexPool/TexPool Prime. B. 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. Authorized Representatives of the Participant Tha - dividu,Is will be' sued P. . lumbers to fet4 act business via telephone with a Participant Service Representative. 1 19171917161413151 11 1I Signature Telephone Number 1 Kelly Templi ( 1 9 1 7 1 91 71 61 41 31 51 71 1 1 Printed Name Fax Number 1 City Manager 1 1 ktemplin@cstx.gov I Title \ Email 2.1 kk I J I 191719171 61 41 31 71 41 51 Signat V Telephone Number 1 Jeff Ce sten 1 1 9 1 71 91 71 61 41 31 51 71 11 Printed Name Fax Number 1 Assistant City Manager I 1 jkersten@cstx.gov I Title Email 3.I_MrY kaAligi 1191719171614131614151 Signature Telephone Number 1 Mary Ellen Leonard I 19 17 1 9 17 1 6 1 4 1 3 1 5 1 7 1 1 I Printed Name Fax Number I Finance Director I 1 mleonard@cstx.gov I Title 1 Email 4.1 u -)�� CC: .-----------Z 91719171614131815121 Signature Telephone Number 1 Michael DeHaven 1 1 9 1 7 1 91 71 61 41 31 51 71 11 Printed Name Fax Number 1 Treasury Manager 1 1 mdehaven@cstx.gov I Title Email FORM CONTINUES ON NEXT PAGE 1 OF 2 Authorized Representatives of the Participant(continued) 5.1 I I I 1 1 1 11 1 1 1 Signature Telephone Number 1 1 1 1 1 1 Li.. I I LI Printed Name Fax Number i I I Title Email List the name of the Authorized Representative provided above that will have primary responsibility for performing transactions and receiving confirma- tions and monthly statements under the Participation Agreement. I Michael DeHaven Printed Name In addition and at the option of the Participant,one additional authorized representative can be designated to perform inquiry only of selected informa- tion.This limited representative cannot make deposits or withdrawals. If the Participant desires to designate a representative with inquiry rights only, complete the following information. 1.! 1 1 11 1 1 1 1 1 1 1 I Printed Name Telephone Number 11111111III1 Title Fax Number C. That this resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant,and until TexPooi/TexPool Prime 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 theCf Day of .4t.bt4rry ,20 I� . go 4t 3 ,t ��i v- f .� .ear .•11��. +,e.•;.�. °,� .£n t s q'*h1S.t,.;. ,n_ Mf,2 ep .5..1�f x. r..,. E7.-F .. .0 ti r e. i_ .. I City of College Station Name of Participant SIGNED: 4atur I Karl ooney / PrintA Name 1 Mayor Title ATTEST�.„ ILI nit.� Signature I Sherry Mashburn Printed Name • I City Secretary Title ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEX-BANK 2 OF 2 TexPool Participant Services Managed and federated 1001 Texas Avenue,Suite.1.400 • Houston,TX 77002 Serviced by en Phone:1.8667EXPOOL(839.7665) • Fax:1.866.839.3291 • www.texpooLcom fi4.5340.20(9/15) TexPool Prime Account Setup Form • T,1 0 9 TEXPOOL AN INVESTMENT SERVICE FOR PUBLIC FUNDS 1111 Effective Date* This letter authorizes TexPool Participant Services to copy the account(s)listed below from TexPool to TexPool Prime.All account information including banking instructions will be copied exactly from the existing TexPool accounts. *Required Fields 1.Participant Information I C. I y c H171 e)f 7, t Participant Name* Location Number* 2.Instructions TexPool(449)Account Number(s)to be copied to TexPool Prime(590): OP.\ \ \0000 I „ . „ • 3.Signatures Note:This authorization must be executed by two current Authorized Representatives for the Participant as set forth in the fully enacted Resolution of the Participant,which is on file with TexPool Participant Services. As a current A thorized Representat e I certify that the above information is both true and correct. 14940)P 1 :1 Signature of First Authorized Representative* Date* 1°1 1-111 41 ql 31 915{ 2.1 Printed Name* Telephone Number* 11ZE AS WO AN A(95R Title* 1 11, ,.,1 Signature of Second Authorized Representative* Date* I _1\/\ 11.9 LLS t—E-0/•) 111719!I'--113tt. I I Printed Name* Telephone Number* ° 1 (9 ` 1\13 cf: 'D fLE GT V. Title* FORM CONTINUES ON NEXT PAGE 1 OF 2 TEXPOOL Federated AN INVESTMIENLSERVICE FOR PU6LI0:FUNOS- WORLD-CLASS INVESTMENT MANAGER TEXAS PUBLIC FUNDS INVESTMENT ACT ACKNOWLEDGEMENT AND CERTIFICATION OF INVESTMENT POLICIES This Acknowledgement and Certification is executed on behalf of the Texas Local Government Investment Pools,TexPool and TexPool Prime(collectively, "TexPool"), and Federated Investment Counseling, as investment adviser to TexPool("Adviser"),pursuant to Section 2256.005(k), Texas Government Code,in connection with investment transactions conducted between the City of College Station("Investing Entity") and TexPool. The undersigned, who is a qualified representative of both TexPool and Adviser(the"Qualified Representative")hereby certifies on behalf of TexPool and Adviser that, as of the date of this letter: (i.) The Qualified Representative is duly authorized to execute this Acknowledgment and Certification on behalf of TexPool and Adviser; and (ii.) The Qualified Representative has received and reviewed the Investing Entity's investment policy attached hereto as Exhibit A(the"Policy"); and (iii.) TexPool and Adviser have implemented reasonable procedures and controls in an effort to preclude investment transactions conducted between the Investing Entity and TexPool that are not authorized by the Policy, except to the extent that this authorization is dependent on an analysis of the makeup of the Investing Entity's entire portfolio or requires an interpretation of subjective investment standards. TEXPOOL and TEXPOOL PRIME FEDERATED INVESTMENT COUNSELING .ignature: Steven A. riedman ignature: Steven A. Friedman Authorized Signatory Vice President Date: 3 � 1 -Zc> 1 -1 Date: 3 I �-� ' -7