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RES 2016-10TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2016-10 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, APPROVING AND AUTHORIZING EXECUTION OF AN INVESTMENT AGREEMENT FOR PARTICIPATION IN THE TEXAS CLASS 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 Texas Government Code, as amended (the "Interlocal Act"), permits any "local government" to contract with one or more other "local governments" to perform "governmental functions and services," including investment of public funds (as such phrases are defined in the Interlocal Act); and WHEREAS, the Interlocal Act authorizes the contracting parties to any interlocal agreement to contract with agencies of the State of Texas, within the meaning of Chapter 771 of the Government Code; and WHEREAS, the Public Funds Investment Act, Chapter 2256 of the Texas Government Code, as amended (the "PFIA"), authorizes the entities described in Subsection (a) of the PFIA to invest their funds in an eligible public funds investment pool; and WHEREAS, it is in the best interests of this governmental unit ("Applicant') to invest its funds jointly with other Texas local governments in the Texas Cooperative Liquid Assets Securities System (Texas CLASS) in order better to preserve and safeguard the principal and liquidity of such funds and to earn an acceptable yield; and WHEREAS, Applicant is authorized to invest its public funds and funds under its control in TEXAS CLASS and to enter into the participation agreement authorized herein; and WHEREAS, the Government Entity is a Government Entity as defined in the Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. The form of application for participation in Texas CLASS attached to this resolution is approved. The officers of Applicant specified in the application are authorized to execute and submit the application, to open accounts, to deposit and withdraw funds, to agree to the terms for use of the website for online transactions, to designate other authorized representatives, and to take all other action required or permitted by Applicant under the Agreement created by the application, all in the name and on behalf of Applicant. Section 2. This resolution will continue in full force and effect until amended or revoked by Applicant and written notice of the amendment or revocation is delivered to the Texas CLASS Board Section 3. Terms used in this resolution have the meanings given to them by the application. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, on this 12th day of April 2016. C. Nick Sanders, Mayor Town of Trophy Club, Texas [SEAL] ATTEST: Holly Fimb es, Town Secretary 1 Town of Trophy Club, Texas 'V_ g�h APPROVED TO AS FORM: Patricia . dams ,Town Attorney Town of Trophy Club, Texas RES 2016-10 Page 2 of 3 EXHIBIT A Texas CLASS Enrollment Packet 2016 RES 2016-10 Page 3 of 3 G Texas Cooperative Liquid Assets Securities System Texas CL�So Texas CjUW Texas Cooperative Liquid Assets Securities System Welcome to Texas CLASS We believe you have made a sound financial decision in choosing Texas Cooperative Liquid Assets Securities System (Texas CLASS). We look forward to being your trusted provider and are excited to connect with you to make your investment process a positive, easy experience. Texas CLASS is a short-term, highly liquid investment program, designed specifically for public -sector funds. It provides the opportunity to invest funds on a cooperative basis in short-term investments which are carefully selected to provide maximum safety and liquidity while generating a competitive yield. This packet contains all of the materials necessary to set up your Texas CLASS account(s). If you have any questions about the registration process or about your Texas CLASS account(s) please do not hesitate to contact us. The Texas CLASS Client Service team can be reached by phone toll-free at 800-707-6242 or by email at clientservices(@texasclass.com. The Texas CLASS Team can be reached any business day, 8:30am to 5pm Central Time. Thank you for choosing Texas CLASS! Sincerely, The Texas CLASS Board of Trustees 999 18th Street, Suite 1230 Denver, CO 80202 T 800-707-6242 F 855-848-9910 Page 1 clientservices@texasclass.com www.texasclass.com Texas C3■■� C IILJAIW-Q&9 Texas Cooperative Liquid Assets Securities System Registration Procedures To participate in Texas CLASS, please complete the following: 1) Read the Trust Agreement (you may access a copy from the Document page on www.texasclass.com) 2) Pass the resolution authorizing participation in Texas CLASS (page 3 and 4) 3) Adopt the Trust Agreement by signing Exhibit D (page 5) 4) Complete the Entity Registration (page 6) 5) Complete the Authorized Contacts Form (page 7) 6) Complete the Accounts to be Established form; you may open as many account as you wish (page 8) 7) Keep the original forms for your records and send the completed packet to the Texas CLASS Client Service Team by fax 855-848-9910 or by email clientservices(Otexasclass.com Questions, please contact us; we would love to hear from you: Texas CLASS Client Service Team T 800-707-6242 clientservices(a)texasclass.com 999 18th Street, Suite 1230 Denver, CO 80202 T 800-707-6242 F 855-848-9910 Page 2 clientservices@texasclass.com www.texasclass.com Texas H C1 S Texas Cooperative Liquid Assets Securities System Resolution to Participate WHEREAS, the Public Funds Investment Act, Texas Government Code, Section 2256.001 et seq. (the "Act"), requires the governing body of each local government in this State to adopt investment policies in accordance with the terms of the Act; and WHEREAS, pursuant to the requirements of the Act, the Town Council (the "Governing Body") of the (the "Local Government") has previously reviewed and adopted an investment policy (the "Policy") that provides in part that the funds of the local government will be invested in investments permitted by the Act in order to: (i) invest only in investments legally permitted under Texas law; (ii) minimize risk by managing portfolio investments so as to preserve principal and maintain a stable asset value; (iii) manage portfolio investments to ensure that cash will be available as required to finance operations; and (iv) maximize current income to the degree consistent with legality, safety and liquidity; and WHEREAS, pursuant to the Policy and the Act, the Local Government has appointed (the "Investment Officer") to act as the investment officer of the Local Government; and WHEREAS, the Act provides that funds under the control of a Local Government may be invested through investment pools meeting the standards of Section 2256.016 of the Act; and WHEREAS, the Local Government has received and reviewed the Information Statement, dated October 1, 2013 (the "Information Statement"), of Texas Cooperative Liquid Assets Securities System, an investment pool administered by Public Trust Advisors, LLC, (the "Program"), which sets forth the information required by Section 2256.016(b) of the Act; and WHEREAS, the Local Government has determined that the investments proposed to be acquired by the Program are of a type that are permitted by the Act and are consistent with the Policy; and WHEREAS, the Local Government has determined that an investment in the Program will assist the Local Government in achieving the goals set forth in the Policy, and will tend to preclude imprudent investment activities arising out of investment transactions conducted between the Local Government and the Program; and WHEREAS, the Local Government understands that the Program operates through the Sixth Amended and Restated Trust Agreement dated as of August 16, 2013 (the "Trust Agreement"), which provides the terms on which the Program will operate and the rights of the participants in the Program and sets forth the responsibilities of Public Trust Advisors, LLC, as the administrator of the Program (the "Administrator"), and of Wells Fargo Bank as custodian (the "Custodian"); 999 18th Street, Suite 1230 Denver, CO 80202 T 800-707-6242 F 855-848-9910 Page 3 clientservices@texasclass.com www.texasclass.com Texas Cls Texas Cooperative Liquid Assets Securities System NOW THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE LOCAL GOVERNMENT: That the form, terms and provisions of the Trust Agreement, a draft of which was presented and reviewed at this meeting, providing for the creation of the Program and for the rights of the Program participants and the duties and responsibilities of the Administrator, be and the same are hereby approved and adopted; and that the Investment Officer be and he or she is hereby authorized and directed to execute and deliver to the Administrator and the Custodian in the name and on behalf of the Local Government, a participation certificate evidencing the agreement of the Local Government to be bound by the Trust Agreement substantially in the form of the Trust Agreement reviewed and approved at this meeting, together with such changes therein as may be approved by the said officer, such approval to be conclusively evidenced by the execution thereof; and be it further Resolved, that the investment program established by the Trust Agreement is hereby found and determined to be consistent with the Policy, and to preclude imprudent investment activities arising out of investment transactions conducted between the Local Government and the Program; and be it further Resolved, that the Governing Body hereby officially finds and determines that the facts and recitations contained in the preamble of this Resolution are true and correct; and be it further Resolved, that the Governing Body hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted for the time required by law preceding this meeting, and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter thereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and the Act; and be it further Resolved, that the officers of the Local Government, and each of them, shall be and each is expressly authorized, empowered and directed from time to time to do and perform all acts and things and to execute, acknowledge and deliver in the name and under the corporate seal and on behalf of the Local Government all certificates, instruments and other papers, whether or not herein mentioned, as they may determine to be necessary or desirable in order to carry out the terms and provisions of this Resolution and of the Trust Agreement hereby authorized and approved, such determination to be conclusively evidenced by the performance of such acts and things and the execution of any such certificate, financing statement, instrument or other paper; and be it further Resolved, that this Resolution shall take effect and be in full force and effect upon and after its passage. Signature of Board President Date Printed Name Signature of Secretary Date Printed Name 999 18th Street, Suite 1230 T 800-707-6242 clientservices@texasclass.com Denver, CO 80202 F 855-848-9910 www.texasclass.com Page 4 Texas ClA-Q1J� Texas Cooperative Liquid Assets Securities System Exhibit D - Participation Certificate The undersigned (the "Local Government") does hereby request that it be admitted as a Participant pursuant to Section 2.3 of the Sixth Amended and Restated Trust Agreement (the "Agreement") dated as of August 16, 2013 by and between the Participants, Wells Fargo Bank, as Custodian, and Public Trust Advisors, LLC. By executing this Participation Certificate, the undersigned agrees that, upon the execution hereof by the Program Administrator, it will become subject to the same obligations and shall have the same rights as if it had executed the Agreement. The undersigned hereby certifies that (the "Investment Officer") is the duly designated Representative of the undersigned as required by the Agreement. The undersigned hereby certifies that its governing body has taken all actions required by Section 2256.016 of the Public Funds Investment Act, Texas Government Code, in order for it to participate in the Trust created by the Agreement. Entity Name Signature Date Title Accepted by Administrator (to be completed by Texas CLASS): Signature 999 18th Street, Suite 1230 Denver, CO 80202 Date Title T 800-707-6242 F 855-848-9910 Page 5 clientservices@texasclass.com www.texasclass.com Texas A Texas Cooperative Liquid Assets Securities System Trust Registration Entity Information Entity Name (Participant) Entity Type 1:1 City/Town ❑ County ❑ School District ❑ Special District ❑ Other (Specify) Mailing Address City Tax ID Zip Fiscal Year (Month/Day) County Texas CLASS is hereby authorized to honor any telephone, faxed or electronic request, believed to be authentic, for withdrawal of funds. The withdrawal proceeds can be sent only to the bank(s) indicated below unless changed by written instructions. Each local government is responsible for notifying Texas CLASS of any changes to its account. Banking Information Bank Name Account Title Bank Contact Additional Banking Information (Optional) Bank Name Account Title Bank Contact Bank Routing Number (ABA) Account Number Contact's Phone Number Bank Routing Number (ABA) Account Number Contact's Phone Number 999 18th Street, Suite 1230 T 800-707-6242 clientservices@texasclass.com Denver, CO 80202 F 855-848-9910 www.texasclass.com Page 6 Texas CLAS' Texas Cooperative Liquid Assets Securities System Authorized Contacts Key Contact and Authorized Signer Mr. ❑ Ms. Print First and Last Name Signature Required Title Phone Email Fax Permissions Email Notifications Online Account ZAuthorized Signer to Move Funds Monthly Statements FlOnline User Access Transaction Confirmations Additional Contact (Optional) El Mr. ❑ Ms. Print First and Last Name Title Signature (required if authorized signer) Phone Email Fax Permissions Email Notifications Online Account Authorized Signer to Move Funds F]Monthly Statements ❑ Online User Access Read Only Access ❑ Transaction Confirmations Additional Contact (Optional) Mr. n Ms. Print First and Last Name Title Signature (required if authorized signer) Phone Email Fax Permissions Email Notifications Online Account ❑ Authorized Signer to Move Funds Monthly Statements Online User Access 0 Read Only Access Transaction Confirmations 999 18th Street, Suite 1230 T 800-707-6242 clientservices@texasclass.com Denver, CO 80202 F 855-848-9910 www.texasclass.com Page 7 Texas CIL S® Texas Cooperative Liquid Assets Securities System Accounts to be Established Entity Name Desired Texas CLASS Subaccount Name(s) Account Number (assigned by Texas CLASS) 999 18th Street, Suite 1230 Denver, CO 80202 TX -01 - TX -01 - TX -01 - TX -01 - TX -01 - TX -01 - TX -01- 999 X -01 -TX -01 -TX -01 -TX -01 -TX -01 -TX -01 - TX -01- T 800-707-6242 F 855-848-9910 Page 8 clientservices@texasclass.com www.texasclass.com