HomeMy WebLinkAbout05-11-17-2c - Resolution - 05/11/2017 RESOLUTION NO. 05-11-17-2c
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,TEXAS,
AMENDING RESOLUTION NO. 10-27-16-2e APPROVING AND RATIFYING THE CITY'S
BROKER/DEALER LIST WITHIN ITS INVESTMENT STRATEGY AND POLICY FOR
FISCAL YEAR 2017 AND AUTHORIZING ITS IMPLEMENTATION.
WHEREAS, on or about October 27, 2016 the City of College Station City Council adopted
Resolution No. 10-27-16-2e adopting the City's Investment Strategy and Policy, and approved
Broker/Dealer list; and
WHEREAS, one of the approved brokers/dealers, Coastal Securities, Inc., was acquired and now
operates as FTN Financial as of April 2, 2017; now therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the City Council hereby approves, ratifies and adopts the Investment Strategy
and Policy's amended Brokers/Dealers list changing the name of Coastal
Securities, Inc. to FTN Financial for Fiscal Year 2017, attached to this as Exhibit
A.
PART 2: That this resolution shall take effect immediately from and after its passage.
ADOPTED this 11th day of May, A.D. 2017.
ATTEST: APPROVED:
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Sherry Mas ft n, City Secreta :arl Mooney, .yor
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City Attorney
Resolution No. 05-11-17-2c Page 2 of 2
Exhibit"A"
Qualified Brokers/Dealers
Adopted by Council: 10/27/2016
Amended: 04/27/2017
QUALIFED BROKER/DEALERS
FTN Financial
Zach Brewer
920 Memorial City Way, l lth Floor
Houston, TX 77024
Phone: (713) 435-4351
First Southwest Securities
Linda Calloway
300 West 6th Street, Suite 1940
Austin, TX 78701
Phone: (512) 481-2040
American Momentum Bank (CD's only)
Frank Varisco
Five Momentum Blvd.
College Station, TX 77845
Phone: (979) 599-9349