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EDC Resolution 2024-03 Adding Authorized Signatures TEXPOOL TOWN OF TROPHY CLUB, TEXAS ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. EDC 2024-03 A RESOLUTION OF THE ECONOMIC DEVELOPMENT CORPORATION OF THE TOWN OF TROPHY CLUB, TEXAS, APPROVING AND AUTHORIZING AMENDMENTS TO FINANCIAL INSTITUTION DOCUMENTS NAMING AUTHORIZED TOWN REPRESENTATIVES ON TEXPOOL SIGNATURE ACCOUNTS; 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 in the Texas Local Government Investment Pools (TexPool) 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 TexPool 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 BOARD OF DIRECTORS OF THE TOWN OF TROPHY CLUB ECONOMIC DEVELOMENT CORPORATION: Section 1. The form of application for participation in TexPool 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. RESOLUTION NO. EDC 2024-03 PAGE 2 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 TexPool Board. Section 3. Terms used in this resolution have the meanings given to them by the application. PASSED AND APPROVED by the Economic Development Corporation of the Town of Trophy Club, Texas, on this 27th day of February 2024. Jo n an resident ATTEST: John ybec , Boar Sedetary APPROVED AS TO FORM: Dea o own Att ney RESOLUTION NO. EDC 2024-03 PAGE 3 EXHIBIT A TexPool Resolution Amending Authorized Representatives Form A Resolution Amending Authorized Representatives TEXPOOL AN INVESTMENT SERVICE FOR PUBLIC FUNDS Please complete this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized Representative forms. *Required Fields 1. Resolution WHEREAS, Trophy Club 4B Economic Dev Corp 1 7 1 8 1 91 31 5 Participant Name* Location Number* ("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 pool,were created on behalf of entities whose investment objective in order of priority are preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act. NOW THEREFORE,be it resolved as follows: A. That the individuals,whose signatures appear in this Resolution,are Authorized Representatives of the Participant and are each hereby authorized to transmit funds for investment in TexPool/TexPool Prime and are each further authorized to withdraw funds from time to time,to issue letters of instruction,and to take all other actions deemed necessary or appropriate for the investment of local funds. B. That an Authorized Representative of the Participant may be deleted by a written instrument signed by two remaining Authorized Representatives provided that the deleted Authorized Representative(1)is assigned job duties that no longer require access to the Participant's TexPool/TexPool Prime account or(2)is no longer employed by the Participant; and C. That the Participant may by Amending Resolution signed by the Participant add an Authorized Representative provided the additional Authorized Representative is an officer,employee, or agent of the Participant; List the Authorized Representative(s)of the Participant.Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. 1. Orandon Wright 1 [Town Manager Name Title 6 8 2 2 3 7 2 1 9 1 0 1 1 1 1618 ► 2 12 ► 3171219 ► 9161 lbwright agtrophyclub.org Phone Fax Email 1 Signature 2. lApril Duvall I !Director of Finance Name Title 161812121317121911141 1618121 2 1 3 17 12191916 1 laduvall@trophyclub.org — - Itur Email 3. Patrick Arata ` 1 (Chief of Police Name Title 618121 - 1 1 3 71 - 12191 161812121317121919171 1parata@trophyclub.org Phone 64_ Fax Email Signature Form Continues on Next Page 1 of 2 1. Resolution (continued) 4. 1Ernest Gillespie I 1Chief Financial Analyst Name Title 1618121213 1219 1101 161 8 1 21213171219191 6 1 gillespie@trophyclub.org_ _J Phone Fax Email 1 Signature List the name of the Authorized Representative listed above that will have primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement. (April Duvall Name In addition and at the option of the Participant,one additional Authorized Representative can be designated to perform only inquiry of selected information. This limited representative cannot perform transactions. If the Participant desires to designate a representative with inquiry rights only,complete the following information. Brandy Rider (Accountant Name Title 161812121317121 91 1 1 2 16 ► 81212 1 3 1 712 1 9 1 9 1 6 brider@trophyclub.org Phone Fax Email D. That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant,and until TexPool Participant Services receives a copy of any such amendment or revocation.This Resolution is hereby introduced and adopted by the Participant at its regular/special meeting held on the I 1 12 I day of rebruary 2 1 0 1 2 1 4 Note: Document is to be signed by your Board President, Mayor or County Judge and attested by your Board Secretary,City Secretary or County Clerk. Trophy Club Economic Development Name of Participant* SIGNE ATTES • Signat Signature* I Jokes 1,1A n v i I Tom rn i -b iNtO n Printed Name* Printed Nam^* L PrreStdoAk- I L ro - Title* Title* 2. Delivery Instructions Please return this document to TexPool Participant Services: Email:texpool@dstsystems.com Fax:866-839-3291 TEX-REP 2 OF 2 1-866-TEXPOOL(839-7665) • TexPool.com Managed and g OWN ©2022 Federated Hermes,Inc. Serviced by Federated G45340-17(3/22) Hermes • ,as Resolution Amending Authorized Representatives TEXPOOL AN INVESTMENT SERVICE FOR PUBLIC FUNDS Please complete this form to amend or designate Authorized Representatives. This document supersedes all prior Authorized Representative forms. *Required Fields 1. Resolution WHEREAS, Trophy Club Economic Development 17 17 13 19 1 1 I Participant Name* Location Number* ("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 pool,were created on behalf of entities whose investment objective in order of priority are preservation and safety of principal, liquidity,and yield consistent with the Public Funds Investment Act. NOW THEREFORE, be it resolved as follows: A. That the individuals,whose signatures appear in this Resolution,are Authorized Representatives of the Participant and are each hereby authorized to transmit funds for investment in TexPool/TexPool Prime and are each further authorized to withdraw funds from time to time,to issue letters of instruction,and to take all other actions deemed necessary or appropriate for the investment of local funds. B. That an Authorized Representative of the Participant may be deleted by a written instrument signed by two remaining Authorized Representatives provided that the deleted Authorized Representative(1) is assigned job duties that no longer require access to the Participant's TexPool/TexPool Prime account or(2) is no longer employed by the Participant; and C. That the Participant may by Amending Resolution signed by the Participant add an Authorized Representative provided the additional Authorized Representative is an officer,employee, or agent of the Participant; List the Authorized Representative(s)of the Participant.Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. 1. }Brandon Wright I }Town Manager Name Title 161 8 ► 2 12 } 317 12191011 I 16 18 12 12 13 17 12 19 19 161 bwright@trophyclub.org Phon Fax Email Signature 2. April Duvall Director of Finance Name Title 161812121317121911141 16 812121317121919161 {aduvall@trophyclub.org Ph Email Signatur 3. }Patrick Arata C ��' I }Chief of Police Name Title 1618 12 I - 2 13 17 I - 12 19 I 16 18 12 12 131712 19 19 171 barata@trophyclub.org Phone #1 / oak_ Fax Email( Signature Form Continues on Next Page 1 of 2 1. Resolution (continued) 4_ 1Ernest Gillespie (Chief Financial Analyst Name Title 1618121213 2 1 0 f 16181212 1317 12 1919 161 1egillespie@trophyclub.org Phone F Email I Signature List the name of the Authorized Representative listed above that will have primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement. April Duvall j Name In addition and at the option of the Participant,one additional Authorized Representative can be designated to perform only inquiry of selected information. This limited representative cannot perform transactions. If the Participant desires to designate a representative with inquiry rights only,complete the following information. randy Rider j (Accountant Name Title 1 6 18 12 12 ! 3 1 7 12 19 1 1 121 1 6 18 1 2 12 1 3 1 7 12 19 19 ; 6 brider@trophyclub.org Phone Fax Email D. That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant, and until TexPool Participant Services receives a copy of any such amendment or revocation.This Resolution is hereby introduced and adopted by the Participant at its regular/special meeting held on the I 1 12 day of ebruary 1,1 2 1 0 12 14 '. Note: Document is to be signed by your Board President, Mayor or County Judge and attested by your Board Secretary,City Secretary or County Clerk. Trophy Club 4B Economic Dev Corp Name of Participan * SIGNED ATTEST Signature* Sign e* 1 .1,-,(\ (X_tx )yo �� 1 Printed N me* Printed Name* V{Q Skd-P T1.Ai n Se c f-e-1 kv I Title* Title* 2. Delivery Instructions Please return this document to TexPool Participant Services: Email:texpool@dstsystems.com Fax: 866-839-3291 TEX-REP 2 OF 2 1-866-TEXPOOL(839-7665) • TexPool.com Managed and g©2022 Federated Hermes,Inc. Serviced by Federated G45340-17(3/22) Hermes