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WHEREAS, pursuant to Chapter 294, Laws of 1986, the Legislature created a trust fund
to be known as the public funds investment account (commonly referred to as the Local
Government Investment Pool (LGIP)) for the deposit of money by an authorized governmental
entity for purposes of investment by the State Treasurer; and
WHEREAS, from time to time it may be advantageous to the authorized governmental
entity, City of Arlington, the "governmental entityto deposit funds available for investment in
the LGIP; and
WHEREAS, any deposits made on behalf of the governmental entity shall be first du
authorized by the Arlington City Council, the "governing body" of the governmental entity,
this resolution or a subsequent resolution, and a certified copy of said resolution shall be fil
with the State Treasurer's Office; and I
WHEREAS, the governing body attests by the signature of its members that it is du
authorized and empowered to enter into this agreement, to direct the deposit of government
entity monies, and to delegate certain authority to make adjustments to the incorporat
transactional forms, to the individuals designated herein. I
NOW THEREFORE, BE IT RESOLVED that the governing body of the City of
Arlin�ton does herebv -authorize- the- de o i W"daii , iq-i
I gin I &MI Milli
BE IT FURTHER RESOLVED that the governing body has approved the Local
Government Investment Pool Transaction Authorization Form (Form) as completed by
City of Arlington and incorporates said form into this resolution by reference and does here
attest to its accuracy. I
BE IT FURTHER RESOLVED that the governmental entity designates James W. Chasl
Finance Director, the "authorized individual" to authorize all amendments, changes,
alterations to the Form or any other documentation including designating other individuals
make deposits and withdrawals on behalf of the governmental entity. M
BE IT FURTHER RESOLVED that this delegation ends upon termination of t
authorized individual's relationship with the governmental entity or further action by t
governing body terminating the delegation. It is the responsibility of the governing body
notify the State Treasurer's Office immediately when any action has been taken to end th
delegation. �1
BE IT FURTHER RESOLVED that the Form as incorporated into this resolution or
hereafter amended by delegated authority or any other documentation signed or otherwise
approved by the authorized individual shall remain in effect should the authorized individual's
delegate authority be terminated or otherwise end. No amendments, changes, or alterations shall
be made to the Form or any other documentation until the entity passes a new resolution naming
a new authorized individual.
BE IT FURTHER RESOLVED that the governing body acknowledges that neither t
State of Washington nor the state treasurer guarantees any investment made by the government
entity in the LGIP and it is possible to lose money by investing in the LGIP. Therefore, t
governing body agrees to hold the State of Washington, the state treasurer, and the LG
harmless frm any investment lsses incurre•as a result of investment with the LGIP, I
ood
PASSED AND ADOPTED by the City Council of the City of Arlington in the State of
Washington on this I st day of July, 2013.
Barbara Tolbert
Mayor
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