HomeMy WebLinkAbout01-22-09-2g - Resolution - 01/22/2009Tex5TAJ
RESOLUTION NO.: 01- 22 -09 -2g
APPLICATION FOR PARTICIPATION IN TExSTAR
The undersigned local government (Applicant) applies and agrees to become a Participant in the Texas Short Term
Asset Reserve Program (TD(STAR).
1. Authorization. The governing body of Applicant has duly authorized this application by adopting the
following resolution at a meeting of such governing body duly called, noticed, and held in accordance with the
Texas Open Meeting Law, chapter 551, Texas Government Code, on , 2009:
WHEREAS, it is in the best interests of this governmental unit ( "Applicant ") to invest its funds jointly with other
Texas local governments in the Texas Short Term Asset Reserve Program (fExSTAR) in order better to
preserve and safeguard the principal and liquidity of such funds and to earn an acceptable yield; and
WHEREAS, Applicant is authorized to invest its public funds and funds under its control in TEXSTAR and to
enter into the participation agreement authorized herein;
NOW, THEREFORE,B ER RESOLVED THAT:
SECTION 1. The form of application for participation in TEXSTAR attached to this resolution is approved. The
officers of Applicant specified in the application are authorized to execute and submit the application, to open
accounts, to deposit and withdraw funds, to designate other authorized representatives, and to take all other
action required or permitted by Applicant under the Agreement created by the application, all in the name and
on behalf of Applicant.
SECTION 2. The TD(STAR Investment Policy is adopted as Applicant's investment policy, the TEXSTAR
investment officers are designated as Applicant's investment officers, and the TEXSTAR Board Is designated
as custodian and depository, in each case for Applicant's public funds and funds under its control that are
deposited with TEXSTAR. Unless Applicant provides a contrary investment policy to TEXSTAR, it shall be
Applicant's investment policy that any or all of its public funds and funds under its control may be invested in
and through TEXSTAR.
SECTION 3. This resolution will continue in full force and effect until amended or revoked by Applicant and
written notice of the amendment or revocation is delivered to the TEXSTAR Board.
SECTION 4. Terms used in this resolution have the meanings given to them by the application."
2. Agreement. Applicant agrees with other TD(STAR Participants and the TEXSTAR Board to the Terms and
Conditions of Participation in TEXSTAR, effective on this date, which are incorporated herein by reference.
Applicant makes the representations, designations, delegations, and representations described in the Terms
and Conditions of Participation.
Resolution No. 01- 22 -09 -2g
3. Authorized Representatives.
Each of the following
Participant officials is designated as Participants
Authorized Representative authorized to give notices and instructions to the Board in accordance with the
Agreement, the Bylaws, the Investment Policy, and the Operating
Procedures:
Name
Signature
Title Direct Phone
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Glenn Brown
........... .......
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............
City Manager (979 764 -351 I .
...
..................
.. ..........
Jeff Kersten
Chief Financial Officer (979) 764 -3745
Cheryl Wright.........
...... ............................... ....... I..............................
4 --"0. o ............
.......
er X97....764 -355
.T...... 4
9) .... 4 .........
............................... ....... I ....... .............
................. I.................... ... ............... ...................... ............................... I...... ............................
The following Participant official listed above is designated as the Primary Contact and will receive all
TexSTAR correspondence including transaction confirmations and monthly statements [required]:
Name E-mail address
............. Wright cwright�;acstxyov
... I......... .......
The following Participant official not listed above is designated as a Participant Inquiry Only Representative
authorized to obtain account information [optional]:
Name Signature Title
Brandi Whittenton Finance Staff Assistant....
......I .................... ............................
Applicant may designate other authorized representatives by written instrument signed by an existing
Applicant Authorized Representative or Applicant's chief executive officer.
4 6000
4, Taxpayer Identification Number. Applicant's taxpayer identification number is ...... 7 ................ 534 .....
5. Bank Information Sheet(s). The attached [insert quantity] .....4..... Bank Information Sheet(s) is or are
approved and incorporated herein by reference to establish account(s) in the name of Applicant.
Dated this ........... ...............................
City of College Stati n
...................
ame of Applic )
By: ..:............ ..... . .................
(Signature of official)
Ben White, Mayor
....................................... ...............................
(Printed name and title)
Approved and accepted:
TEXAS SHORT TERM ASSET RESERVE FUND
By: FIRST SOUTHWEST ASSET MANAGEMENT, INC.,
Participant Services Administrator
By: ......................................................... Date:.........................
Authorized Signer
Resolution No. 01- 22 -09 -2g
CITY OF COLLEGE STATION
By:
MOOR
Date: / 2
ATTEST:
ITY SEC RI TAP,Y
Date:
APPROVED:
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CITY MA A
Date: U
CITY ATTORNEY
Date:
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