HomeMy WebLinkAbout2014-010I11!11 DEA1011t
WHEREAS, pursuant to Chapter 294,. of r i6, the Legislature created ..: trust fund
Governmentto be known as the public funds investment account (commonly referred to as the Local
Pool r for • r • . • withdrawal of • by
authorized •• for purposes of by . and
WHEREAS,
entity, City ofArlington,"governmentalto contribute funds.rfor investment
in the s
WHEREAS, the investment strategy for the LGIP is set forth in its policies and
procedures; and
WHEREAS, any contributions or a to or • •' made on e of _
governmental entity shall be first duly authorized by - ArlingtonCouncil,"governing
f•a or designee of governing body pursuant to this resolutionor • •
uent
resolution, and a certified copy of a resolution shall be filed State Treasurer's Office;
with the
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• • • f • f a • •• -a f a
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WHEREAS, the governing body attests by • of
authorized and empowered • enter into this agreement, to direct the contributionor •
rawal
of governmental entity monies, and to delegate certain authority to make adjustments to the
incorporated • • to the individualsdesignated
NOW THEREFORE, BE IT RESOLVED that the governing body does hereby authorize
the contribution and withdrawal of governmental entity monies in the LGIP in the manner
prescribed by a prospectus.
BE IT FURTHER RESOLVED that the governingbody has approved the •
GovernmentPool Transaction Authorization • •completed fCity ,
of • and incorporates said form into this resolutionby : f does ` r
attest to its accuracy.
BE IT FURTHER RESOLVED - governmental entity designates
Finance Director, the "authorized individual" to authorize all amendments, changes, or
alterations to the Form or any other documentation including the designation of other individuals
to make contributions and withdrawals on behalf of the governmental entity.
BE IT FURTHER RESOLVED that this delegation ends upon the written notice, by any
method set forth in the prospectus, of the governing body that the authorized individual has been
terminated or that his or her delegation has been revoked. The Office of the State Treasurer will
rely solely on the governing body to provide notice of such revocation and will rely on the
authorized individual's instructions until such time as said notice has been provided.
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 after revocation of the authorized
individual's delegated authority, except to the extent that the authorized individual whose
delegation had been terminated shall not be permitted to make further withdrawals or
contributions to the LGIP on behalf of the govern -mental entity. 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; and
BE IT FURTHER RESOLVED that the governing body acknowledges that it h
received, read, and understood the prospectus as provided by the Office of the State Treasur
In addition, the governing body agrees that a copy of the prospectus will be provided to
person delegated or otherwise authorized to make contributions or withdrawals into or out of t
LGIP and that said individuals will be required to read the prospectus prior to making
withdrawals or contributions or any further withdrawals of contributions if authorizations a -
already in place. I
PASSED AND ADOPTED by the City Council of the City of Arlington in the State of
Washington on this 5 1h day of May, 2014.
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