2020-22 - RTOWN OF PROSPER, TEXAS RESOLUTION NO. 2020-22
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, AUTHORIZING VARIOUS INDIVIDUALS AS SIGNATORIES ON
SPECIFIC ACCOUNTS AND CERTAIN INVESTMENT MATTERS; REPEALING
RESOLUTION NO. 17-19, ADOPTED ON OR ABOUT MARCH 14, 2017; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, periodically the Town updates the list of specific individuals authorized to
perform certain financial transactions on the Town's behalf; and
WHEREAS, it is the intent of the Town Council of the Town of Prosper, Texas, to authorize
the following individuals to be signatories and take all appropriate and necessary actions relative
to the following Town accounts.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
Town -approved signatories for current and possible future Independent Bank accounts
and those of any other depository of the Town are hereby authorized to include the Town's
Finance Director, the Town's Accounting Manager, and the Town Manager. Presently the
incumbents for each position hereby authorized are Betty Pamplin, Elizabeth McDonald, and
Harlan Jefferson, respectively.
SECTION 2
The Town -approved signatories authorized to perform wire and ACH transfers include the
Town's Finance Director, Town Accounting Manager, and Town Manager. Presently the
incumbents for each position hereby authorized are Betty Pamplin, Elizabeth McDonald, and
Harlan Jefferson, respectively.
SECTION 3
The Town -approved signatories authorized to make financial transactions for TexPool,
TexSTAR, and LOGIC local government investment pools to include the Town's Finance Director,
Town Accounting Manager, and Town Manager. Presently the incumbents for each position
hereby authorized are Betty Pamplin, Elizabeth McDonald, and Harlan Jefferson, respectively.
SECTION 4
The Town -approved signatories authorized to make financial transactions for current and
possible future investment accounts to include the Town's Finance Director, Town Accounting
Manager, and Town Manager. Presently the incumbents for each position hereby authorized are
Betty Pamplin, Elizabeth McDonald, and Harlan Jefferson, respectively.
SECTION 5
Resolution No. 17-19 approved on or about March 14, 2017, is hereby repealed in its
entirety.
SECTION 6
This Resolution shall be effective from and after its passage by the Town Council.
DULY PASSERyANIJ 0(PPi3OVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, OA(' 9A4?iQq'QF MARCH, 2020.
_ Ray Smith, Mayor
1 1
AT T T:
.TE •'N
Melissa Lee, To n Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Resolution No. 2020-22, Page 2