From
Cheryl Davenport `
Title
Amend the Authorized Representatives for TexSTAR
Presenter
Diana Ortiz
Recommended Action
Approve
Analysis
The City of Grand Prairie is a participant in TexSTAR 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.
TexSTAR requires a resolution for adding or changing the names of individuals authorized to make transactions on behalf of the City/TexSTAR participant. These individuals are identified as the Authorized Representatives of the City/TexSTAR participant. There are currently three individuals authorized at TexSTAR for the City: Diana Ortiz, CFO, Tannie Camarata, Cash & Debt Manager, and Jacqueline Hathorn, Cash & Debt Analyst. The attached resolution adds Cheryl Davenport, Treasurer.
Financial Consideration
None
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, AMENDING THE AUTHORIZED REPRESENTIVES OF THE THE CITY AS A TEXSTAR PARTICIPANT.
Whereas, The city of Grand Prairie (the "Government Entity") by authority of the Application for Participation in TexSTAR (the "Application") has entered into an Interlocal Agreement (the "Agreement") and has become a participant in the public funds investment pool created thereunder known as TexSTAR Short Term Asset Reserve Fund ("TexSTAR");
Whereas, the Application designated 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 an...
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