1997R08- LONE STAR INVESTMENT POOL
RESOLUTION NO.
f1- f - 3
A RESOLUTION
BY THE CITY COUNCIL OF THE CITY OF SCHERTZ,
TEXAS, APPROVING AND AUTHORIZING EXECUTION OF AN
INTERLOCAL INVESTMENT AGREEMENT FOR PARTICIPATION
IN THE LONE STAR INVESTMENT POOL, DESIGNATING THE
POOL AS AN AGENCY AND INSTRUMENTALITY, APPROVING
INVESTMENT POLICIES OF THE POOL, APPOINTING
AUTHORIZED REPRESENTATIVES, AND DESIGNATING
INVESTMENT OFFICERS.
WHEREAS, the Interlocal Cooperation Act, Chapter 791
of the Government Code, as amended (the "Act"), and Article
4413 (34c), Vernon's Texas Civil Statutes, as amended
(collectively, the "Act"), permit any "local government" to
contract with one or more other "local governments" to
perform "governmental functions and services," including
investment of public funds through "public funds investment
pools" (as such phrases are defined in the Act)i and
WHEREAS, the Act authorizes the contracting parties to
any inter1oca1 agreement to contract with agencies of the
State of Texas, within the meaning of Chapter 771 of the
Government Codei and
WHEREAS, the Act permits the contracting parties to
any inter10cal agreement to create an administrative agency
to supervise the performance of such inter local agreement
and to employ personnel and engage in other administrative
activities and provide other administrative services
necessary to execute the terms of such interlocal
agreement; and
WHEREAS, the City of Schertz (the "Government
Entity") is a local government or an agency of the State of
Texas within the meaning of the Act and desires to enter
into that certain Interlocal Investment Agreement (the
"Agreement"), a copy of which is presented with this
Resolution and is incorporated herein by reference, and
become a participant in a public funds investment pool
created thereunder and known as the Lone Star Investment
Pool (the "Pool") sponsored by the Texas Association of
School Boards ("TASB")i and
WHEREAS, the Government Entity desires to designate
the Pool as its agency and instrumentality with authority,
through its Board of Trustees (the "Board"), to supervise
performance of the Agreement, employ personnel and engage
in other administrative activities and provide other
administrative services necessary to execute the terms of
the Agreementi and
WHEREAS, each capitalized term used in
Resolution and not otherwise defined has the same
assigned to it in the Agreement;
this
meaning
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SCHERTZ, TEXAS:
1. THAT, the Agreement is hereby approved and adopted
and, upon execution thereof by an Authorized Representative
(defined below) and receipt of the Government Entity's
application to ]Oln the Pool by the Administrator, the
Government Entity shall become a Participant in the Pool
for the purpose of investing its available funds therein
from time to time in accordance with its terms; and
2. THAT, the Pool is hereby designated as an agency
and instrumentality of the Government Entity, the Board is
hereby designated as the governing body of the Pool, and
the Pool, through the Board, shall have the authority to
supervise performance of the Agreement, employ personnel,
and engage in other administrative activities and provide
other administrative services necessary to execute the
terms of the Agreement; and
3. THAT, the investment policies of the Pool, as set
forth in the Statement of Investment Policy, as summarized
in the Information Statement, and as may be amended from
time to time by the Board, are hereby adopted as investment
policies of the Government Entity with respect to money
invested in the Pool, and any existing investment policies
of the Government Entity in conflict therewith shall not
apply to investments in the Pool; and
4. THAT, the following officers, officials or
employees of the Government Entity are hereby designated as
"Authorized Representatives," within the meaning of the
Agreement, with full power and authority to execute the
Agreement, an application to join the Pool, PaymentLink
Authorization forms, and any other documents required to
become a Participant; deposit money to and withdraw money
from the Government Entity's Pool account from time to time
in accordance with the Agreement and the Information
Statement; and take all other actions deemed necessary or
appropriate for the investment of funds of the Government
Entity:
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Signature: ~ ~~g
KerrO~weatt
,
Signature:
City Manager
~'i)19VW1~
Steve Simonson
Asst. City Manager
Signature:
cJ..,1 ~
L.J. Cott
Comptroller
In accordance with Pool procedures,
Representative shall promptly notify
changes in who is serving as Authorized
and
an Authorized
the Pool of any
Representatives;
5. THAT, in addition to the foregoing Authorized
Representatives, each Investment Officer of the Pool
appointed by the Board from time to time is hereby
designated as an investment officer of the Government
Entity and, as such, shall have responsibility for
investing the share of Pool assets representing funds of
the Government Entity.
PASSED,
APPROVED
AND
ADOPTED this the L2Li day of
Cfuo-,
, 1997.
~)(~
Mayor, City of Schertz, Texas
ATTEST:
~~
City Secretary, City of Schertz
(SEAL OF CITY)
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APPENDIXTO lNTERLOCAL lNVESfMENT AGREEMENT
Additional Party Agreement
The Government Entity of the State of Texas named below. acting by and through the undersigned
Authorized Representative, hereby agrees to become a party to that certain InterlocaI Investment Agreement to
which this page is attached, and thereby become a Participant in the Lone Star Investment Pool, subject to all of
the terms and provisions of such Agreement The undersigned hereby represents that it is a Government Entity
within the meaning of the Information Statement relating to the Lone Star Investment Pool and thereby deemed
to be included in the term "Local Govermnent" as used in such Agreement.
Executed this
17th
day of
June
,19 97
City of Schertz
Name of Government Entity
By:
Kerry R Sweatt. CitvManager
Printed Name and TItle
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Form III
Application
A. General Information
Name of Applicant City of Schertz
Mailing Address P. O. Drawer I
Contact Person L. J. Cott
Telephone Number (210) 658-7477
B. Account and Bank.Related Information
City Schertz, Texas
ZIP
78154
Fax Number
(210) 659-3204
1. Account Information
Authority is hereby given to Texas Association of School Boards, Inc., as Lone Star Investment Pool
Administrator, to open an account to be named (e.g., General Fund, Debt Service Fund, Capital Projects
Fund, etc.):
Water and Sewer
2. Local Depository Information (fur your protection, each Pool Account may access only one local
depository account):
Bank Name
Schertz Bank and Trust
City Schertz, Texas 78154
Bank Telephone Number (210) 945-7400
Bank ABA Number (9 digits) 114916103
BankFaxNumber (210) 945-7424
BankAccountNumber 0000069019
3. Deposil/Withdrawal Information and Authorization
Applicant hereby authorizes the Lone Star Investment Pool and its Administrator and Custodian to honor any Pool
deposit or withdrawal request believed to be authentic. Money will be transferred only upon telephone, PaymentLink,
written, or personal notice from an Authorized Representative of the Applicant Upon such notification, debit or credit
entries to the local depository account indicated above will be initiated, and the local depository named above is hereby
authorized to further debit or credit the same to such account, as appropriate, Transfer shaIl be made by Automated
Clearing House Transfer (ACm unless otherwise directed by the Applicant
C. Application Signature
It is hereby certified that the Applicant has received a copy of the Infonnation Statement relating to the Lone Star
--- m Investment Pool and has read, understands, and agrees to be bound by the terms thereof and the documents described
therein, The information. certifications, and authorizations set forth in this application form are true and correct and
shaIl remain in full force and effect until Texas Association of School Boards, Inc,. or its successor, receives written
notification of a change,
Application is hereby made and executed this 17th day of June
,19 97
Name of Authorized Representative Kerr~ R sweatt&. Title
Signature of Authorized RepresentativeY. d .,,~-
Name of Authorized Representative L. J. Cott Title
City Manager
Signature of Authorized Representative
;;(/ ec#--
Comptroller
Photocopy this form for additional accounts,
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