17-R-13 - Designating Investment officersRESOLUTION NO. 17 -R -13
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF
SCHERTZ, TEXAS DESIGNATING INVESTMENT OFFICERS, AND
OTHER MATTERS IN CONNECTION THEREWITH
WHEREAS, the Texas Government Code Sec. 2256.005, part of the Public Funds
Investment Act, requires City Council to designate investment officers for the City; and
WHEREAS, the City staff of the City of Schertz (the "City ") has recommended that the
City designate the City Manager John Kessel; Executive Directors Brian James, Dudley Wait,
and Kyle Kinateder; and Finance Director James Walters as Investment Officers; and
WHEREAS, the City Council has determined that it is in the best interest of the City to
designate these individuals as investment officers.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS
THAT:
Section 1. The City Council hereby designates the City Manager John Kessel,
Executive Directors Brian James, Dudley Wait, and Kyle Kinateder, and Finance Director James
Walters as Investment Officers of the City of Schertz invest city funds in compliance to the City
Investment Policy and Strategy and the Public Funds Investment Act.
Section 2. The recitals contained in the preamble hereof are hereby found to be true,
and such recitals are hereby made a part of this Resolution for all purposes and are adopted as a
part of the judgment and findings of the City Council.
Section 3. All resolutions, or parts thereof, which are in conflict or inconsistent with
any provision of this Resolution are hereby repealed to the extent of such conflict, and the
provisions of this Resolution shall be and remain controlling as to the matters resolved herein.
Section 4. This Resolution shall be construed and enforced in accordance with the
laws of the State of Texas and the United States of America.
Section 5. If any provision of this Resolution or the application thereof to any person
or circumstance shall be held to be invalid, the remainder of this Resolution and the application
of such provision to other persons and circumstances shall nevertheless be valid, and the City
Council hereby declares that this Resolution would have been enacted without such invalid
provision.
Section 6. It is officially found, determined, and declared that the meeting at which
this Resolution is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by Chapter 551, Texas Government Code, as amended.
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Section 7. This Resolution shall be in force and effect from and after its final
passage, and it is so resolved.
PASSED AND ADOPTED, this 28th day of February, 2017.
CITY OF, SQ,�IERTZ, TEXAS
R. Carpenter, Mayor
ATTEST:
Brenda Dennis, City Secretary
(CITY SEAL
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