R486RESOLUTION NO. 486
A RESOLUTION AMENDING AUTHORIZED REPRESENTATIVES OF
TEXAS TERM /TEXAS DAILY LOCAL GOVERNMENT INVESTMENT
POOL
WHEREAS, the City of Kennedale (the "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 City of Kennedale 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 Term/Texas Daily Local Government. Investment Portfolio, a public funds
investment pool (a "Pool "), was 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 HEREBY RESOLVED BY THE CITY COUNCIL OF
THE CITY OF KENNEDALE, TEXAS:
A. That the City of Kennedale shall amend authorized representatives, for the purpose
of transmitting local funds for investment in the Texas Term/Texas Daily series. The form
of application for amendment to this resolution is approved.
B. That the individuals, whose signatures appear in this Resolution, are Authorized
Representatives of the City of Kennedale and are each hereby authorized to transmit funds
for investment in the Pool 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.
C. That the City of Kennedale may by Amending Resolution change Authorized
Representatives provided the additional Authorized Representative is an officer, employee,
or agent of the City of Kennedale.
List of the Authorized Representatives of the City of Kennedale. These individuals
may be issued P.I.N. Numbers.
1. Name: Bob Hart
2. Name: Krystal Crump
Title: City nager
Title: Finance Director
3. Name: Kelly Cooper Title: HR Director
List the name of the Authorized Representative provided above that will have
primary responsibility for performing transactions and receiving confirmations and
monthly statements under the Participation Agreement.
Name: Krystal Crump
Title: Finance Director
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.
Name: Debby Scott
Title: Accounting Technician
D. That this Resolution and its authorization shall continue in full force and effect until
amended or revoked by the Participant and until the Pool receives a copy of any such
amendment or revocation.
PASSED, ADOPTED AND APPROVED by the City Council of the City of Kennedale,
Texas, this the 16th day of May 2016.
APPROVED:
ATTEST:
L& L2"6W a0-1
Leslie Galloway, City Secretary
Brian Jo son, Mayor