RES 1460 09/11/2012 y O f C/9
O
v o
f
re x AS
"City of Ch(JiCe"
RESOLUTION # 1 460
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS
UPDATING THE AUTHORIZED BROKER/DEALER LIST OF THE CITY OF
CIBOLO; PROVIDING FOR A REPEALING CLAUSE; PROVIDING FOR A
SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Chapter 2256 of the Texas Government Code, commonly known as the "Public
Funds Investment Act" requires the City to, at least annually, review, revise, and adopt a list of
qualified brokers that are authorized to engage in investment transactions with the City.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Cibolo, Texas has
complied with the requirements of the Public Funds Investment Act; and Appendix A of the
City's Investment Policy, as amended, attached hereto, is hereby adopted as the Authorized
List of Broker/Dealers, effective September 11"', 2012.
SECTION 1. That this Resolution and the attached Appendix A is hereby adopted and
supersedes all prior resolutions in conflict with the provisions hereof with the following
amendments noted: Updates the list of authorized broker/dealers to include Oppenheimer &
Co, Inc. as an authorized broker/dealer.
SECTION 2. That should any word, sentence, paragraph, subdivision, clause, phrase or
section of this Resolution, or other resolutions, as amended hereby, be adjudged or held to be
void or unconstitutional, the same shall not affect the validity of the remaining portions of said
resolution or other resolution, as amended hereby, which shall remain in full force and effect.
SECTION 3. This Resolution shall become effective immediately upon its passage.
APPROVED AND ADOPTED ON THIS 11`" DAY OF SEPTEMBER, 2012.
aenife*rtmdn,'Mayor
ATTEST:
Peggy Cimics, City Secretary
Page 1 of 2
APPENDIX A
AUTHORIZED BROKER/DEALER AND COUNTER-PARTY LIST
The authorized broker/dealer list for the Entity is shown below. Each of these firms,
and the individual covering the account, are sent the current Investment Policy. In
accordance with the Public Funds Investment Act [Texas Government Code
2256.005(k)] before any broker/dealer transacts business with the Entity it will have
had to certify in writing to a review of the Policy and have certified that procedures are
in place to assure compliance with that Policy. An effort is made to diversify brokerage
coverage between primary and regional providers.
The Policy establishes specific criteria for the broker/dealers and requires that the list
of broker/dealers be approved annually by the Council and the EDC Board.
When any material changes are made to the Investment Policy the new Policy is sent
out for re- certification.
National and/or Regional Non-Primary Dealers
Coastal Securities
Wells Fargo Securities
Southwest Securities
Oppenheimer& Co, Inc.
Page 2 of 2