15-37 - RTOWN OF PROSPER, TEXAS
RESOLUTION NO. 15-37
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 RESOLUTIONS NO. 13-65, ADOPTED ON OR ABOUT
DECEMBER 10, 2013 AND NO. 15-24 ADOPTED ON OR ABOUT MAY 12,
2015; 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 Secretary, and the Town Manager. Presently the incumbents for
each position hereby authorized are Cheryl Davenport, Robyn Battle, and Harlan Jefferson,
respectively.
SECTION 2
The Town -approved signatories authorized to perform wire and ACH transfers include
the Town's Finance Director, Town Secretary, and Town Manager. Presently the incumbents
for each position hereby authorized are Cheryl Davenport, Robyn Battle, and Harlan Jefferson,
respectively.
SECTION 3
The Town -approved signatories authorized to make financial transactions for the
TexPool local government investment pool and TexSTAR local government pool include the
Town's Finance Director, Town Secretary, and Town Manager. Presently the incumbents for
each position hereby authorized are Cheryl Davenport, Robyn Battle, and Harlan Jefferson,
respectively.
SECTION 4
Resolution Nos. 13-65 and 15-24, approved on or about December 10, 2013, and May
12, 2015, respectively, are hereby repealed in their entirety.
SECTION 5
This Resolution shall be effective from and after its passage by the Town Council,
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS 23RD DAY OF JUNE, 2015.
Ray gmith, ayor
ATZT
Ro yn a e, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Resolution No. 15-37, Page 2
w
1,1411: ., ., RESOLUTION AMENDING
havcstmeM Service 111111
or Pubiie ' °" RindsAUTHORIZED REPRESENTATIVES
WHEREAS, Town of Prosper 77294
(Participant Name & Location Number)
("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 Participant 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 Local Government Investment Pool ("TexPool/ Texpool Prime"), a public funds
investment pool, were created on behalf of entities whose investment objective in order of priority are
preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act.
NOW THEREFORE, be it resolved as follows:
A. That the individuals, whose signatures appear in this Resolution, are Authorized Representatives of
the Participant and are each hereby authorized to transmit funds for investment in TexPool / TexPool
Prime 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.
B. That an Authorized Representative of the Participant may be deleted by a written instrument signed
by two remaining Authorized Representatives provided that the deleted Authorized Representative (1)
is assigned job duties that no longer require access to the Participant's TexPool / TexPool Prime
account or (2) is no longer employed by the Participant; and
C. That the Participant may by Amending Resolution signed by the Participant add an Authorized
Representative provided the additional Authorized Representative is an officer, employee, or agent of
the Participant;
List the Authorized Representatives of the Participant. Any new individuals will be issued personal identification
numbers to transact business with TexPool Participant Services.
. Name: Cheryl Davenport
Title: Finance Director
Phone/Fax/Email: 972-569-10191972-569-1005/cheryl—davenport@prospertx.gov
Signature: .. �, ..._
141
�.
2. Name: Robyn Battle Title: Town Secretary
Phone/Fax/Email:ttle@prospertx.gov
Signature: 90
1 1 P 34 - 335 i t
ORIGINAL SIGNATL RE A. ) DOC:' ME'NT 'C ''FQLJ I RED TEX — REP
TexPool Participant Services • Federated Investors Inc
1001 Texas Ave., Suite 1400 • Houston, TX 77002 • www.tex000l.com • 1-866-839-7665
06/13
3. Name: Harlan Jefferson Title: Town Manager
Phone/Fax/Email: 972-569-1010 / V2-30 33 harlanJefferson@prosperix.gov
Signature:
4. Name:a°;f Title:
Phone/Fax/Email:
Signature:
List the name of the Authorized Representative listed above that will have primary responsibility for performing
transactions and receiving confirmations and monthly statements under the Participation Agreement.
Name Cheryl Davenport
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. If the
Participant desires to designate a representative with inquiry rights only, complete the following information.
5. Name: Liz McDonald Title: Accountant
Phone/Fax/Email: 972-569-1008 / 972-569-1005 / liz-mcdonald@prospertx.gov
D. That this Resolution and its authorization shall continue in full force and effect until amended or
revoked by the Participant, and until TexPool Participant Services receives a copy of any such amendment or
revocation. This Resolution is hereby introduced and adopted by the Participant at its regular/special meeting held
on the 23rd day of June . 2015.
Document is to be signed by your Board President, Mayor or County Judge and
attested by your Board Secretary, City Secretary or County Clerk.
NAME OF PARTICIPANT: Town of Prosper 77294W
SIGNED:" °l,r
Signature
Ray Smith
Printed Name
Mayor
Title
ATTEST:-
Signature
Carol Myers
Printed Name
Deputy Town Secretary
Title
This document supersedes all prior Authorized Representative designations.
ORIGINAL SIGNATURE AND DOCUMENT REQUIRED TEX - REP
TexPool Participant Services • Federated investors Inc
1001 Texas Ave., Suite 1400 • Houston, TX 77002 ® www.texDool"co • 1-866-839-7665
06/13
AMENDING RESOLUTION
WHEREAS, Town of Prosper, Texas
(the "Government Entity") by authority of the Application fo r Participation in TexSTAR (the
"Application") has a ntered into an In terlocal Agreement (the "Agreement") and ha s become a
participant in the public funds investment pool created there under known as TexSTAR Short Term
Asset Reserve Fund ("TexSTAR");
WHEREAS, the Application designated on one or more "Authorized Representatives"
within the meaning of the Agreement;
WHEREAS, the Government Entity now wishes to update and designate the
following persons as the "Authorized Representatives" within the meaning of the Agreement;
NOW, THEREFORE, BE IT RESOLVED:
SECTION 1. The following officers, officials or employees of the Government Entity specified in
this document are hereby designated as "Authorized Representatives" within the meaning of the
Agreement, with full power and authority to open accounts, to deposit and withdraw funds, to agree to
the terms for use of the website for online transactions, to designate other authorized representatives,
and to take all other action required or permitted by Government Entity under the Agreement created
by the application, all in the name and on behalf of the Government Entity.
SECTION 2. This document supersedes and re places the Government Entity's previous
designation of officers, officials or employees of the G overnment Entity as Authori zed
Representatives under the Agreement
SECTION 3. This resolution will continue in full fo rce and effect until amended or revoked by
Government Entity 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.
Authorized Representatives. Each of the following Participant officials is designated as Participant's Authorized
Representative authorized to give notice s and in structions to the Board in accordance with the Agreement, the
Bylaws, the Investment Policy, and the Operating Procedures:
1. Name: Cheryl Davenport
Signature: eit-fie Aao-& ^t,P,L't """
2. Name:
Robyn Bat e
Signature;
3. Name:
Harlan Jefferson M
Signature:
�yz • ,
4. Name:
Signature:
Title Finance Director
Phone: 972-569-1019
EmM cheryl_davenport@prospertx.gov
Title:
Town Secretary
Phone: 972-569-1011
Email:
robyn_battle@prospertx.gov
Ti de: Town Manager
Phone: 972-569-1010
Email:
harian_jefferson@prospertx.gov
Title:
Phone:
C
fREQUIRED} PRIMARY CONTACT: List the name of the Authorized Re presentative listed above that will
be designated as the Pri maty Contact and will re ceive all TexSTAR co rrespondence including transaction
confirmations and monthly statements
Name:Cheryl Davenport
{OPTIONALI INQUIRY ONLY CONTACT: In addition, the following additional Participant representative not
listed above) is designated as an Inquiry Only Representative authorized to obtain account information:
Name: Liz McDonald Title,Accountant
Signature' +,�A Phone: 972-569-1008
Email:
liz_mcdonald@prospertx.gov
Participant may designate other authorized representatives by written instrument signed by an exi sting
Participant Authorized Representative or Participant's chief executive officer.
DATED June 23, 2015
*REQUIRED*
PLACE OFFICIAL SEAL OF ENTITY HERE
Town of Prosper, Texas
{NAM9.aF PAR t11,1NT)
SIGNED BY:
(i,gnature of official)
Ray Smith, Mayor 44
(Printed name and title)
r
ATTESTED BY:
(Signature of official)
Carol Myers, Deputy Town Secretary
(Printed name and title)
FOR INTERNAL USE ONLY
APPROVED AND ACCEPTED: TEXAS SHORT TERM ASSET RESERVE FUND
AUTHORIZED SIGNER