From
Lee Harriss
Title
Amend the Authorized Representatives for TexPool
Presenter
Lee Harriss, Treasurer
Recommended Action
Approve
Analysis
The Grand Prairie Sports Facilities Development Corporation is a participant in TexPool which is a public funds investment pool created on behalf of entities. The investment objectives are consistent with the Public Funds Investment Act of Texas and are, in order of priority, the preservation and safety of principal, liquidity, and yield.
TexPool requires a resolution for adding or changing the names of individual authorized to make transactions on behalf of the Sports Corporation/TexPool participant. These individuals are identified as the Authorized Representatives of the Sports Corporation/Texpool participant. The attached resolution names three individuals authorized at TexPool for the Sports Corporation: Becky Brooks, Assistant CFO, Brady Olsen, Treasurer, and Jacqueline Hathorn, Treasury Analyst.
Financial Consideration
None
Body
RESOLUTIONS OF
GRAND PRAIRIE SPORTS FACILITIES
DEVELOPMENT CORPORATION, INC.
Adopted at a Meeting on May 6, 2019
A RESOLUTION OF THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, AMENDING THE AUTHORIZED REPRESENTATIVES OF THE THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION AS A TEXPOOL PARTICIPANT
Whereas, The Grand Prairie Sports Facilities Development Corporation, Location 79269, (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 poo...
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