R261RESOLUTION NO. 261
A RESOLUTION AMENDING AUTHORIZED REPRESENTATIVES OF
TEXAS SHORT TERM ASSET RESERVE PROGRAM (TEXSTAR) 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 TexasSTAR 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 TexasSTAR 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 Title: City Manager
2. Name: Sakura Moten-Dedrick Title: Finance Director
3. Name: Kathy Turner Title: City Secretary
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: Sakura Moten-Dedrick Title: Finance Director
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 13th day of November 2008.
APPROVED:
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Bryan Lankhorst, Mayor
Kathy Turner, City Secretary
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ADDITION/DELETION FORM FOR AUTHORIZED REPRESENTATIVES
LOCATION NUMBER: ~ ~ L'~ ~ EFFECTIVE DATE: "~/1 ~~~-' ~"-''
PARTICIPANT NAME: ~~~~/ ~~'C ~~~1~1~~~L~~7
PART I: DELETIONS -Please enter the names of the individual(s) to be ~~~~ras Authorized
Representatives.
1. C~A~~~y~/ MA2Si~~~L 3.
-~ Inquiry Only Representative* ~
2.
PART II: ADDITIONS -Please enter the names of the individual(s) to be as Authorized
Representatives. ~~
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PART III: APPROVALS -Please enter the names of ~,~individuals who are currently Authorized
Representatives and who authorize the deletions and additions of the individuals above.
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ADDITION/DELETION FORM FOR AUTHORIZED REPRESENTATIVES
PART IV: PRIMARY CONTACT - If the Primary Contact on file with TexSTAR was deleted in Part I
of this form, please provide the name of the Authorized Representative that will be the Primary
Contact. The Primary Contact is the individual who will receive the daily transaction confirmations,
monthly statements, monthly newsletter, TexSTAR Updates and other TexSTAR mailings. [required]
Name: ~~ `Lt,t,. l C1r I~f l C-~~I'~ - frl
Email Address: ~~~-~ri C=~- ~' C' i ~-~ ~"~-~-+'1-'1~ ~ : C~I~~
Phone Number: l ~~ [ ~ ~ ~ ~' ~j v ~-I ~ ~~
PART V: INQUIRY ONLY - If an Inquiry Only Representative was deleted in Part I and you wish to
replace this representative or add an inquiry only representative to your TexSTAR account for the
first time, please list this individual below. This limited representative cannot make deposits or
withdrawals or sign Bank Information Sheets. [optional]
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If you have any questions regarding this form or the Authorized Representatives currently
on file with TexSTAR for your entity, please contact TexSTAR Participant Services
at 1-800-839-7827.
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