RES 1351 05/08/2007 RESOLUTION#1351
A RESOLUTION BY THE CITY OF CIBOLO TO BECOME A PARTICIPANT IN THE TEXAS
SHORT TERM ASSET RESERVE PROGRAM(TEXSTAR).
WHEREAS, it is the best interest of the City of Cibolo to invest its funds jointly with other Texas local
governments in the Texas Short Term Asset Reserve Program (TEXSTAR) in order to better preserve
and safeguard the principal and liguid;ty of such funds and to earn ar_ acceptable yield; and
WHEREAS, the City of Cibolo is authorized to invest its public funds and funds under its control in
TEXSTAR and to enter into the participation agreement authorized herein;
NOW,THEREFORE BE IT RESOLVED THAT;
Section 1. The form of application for participation in TEXSTAR attached to this resolution is approved.
The officers of the City of Cibolo specified in the application are authorized to execute and submit the
application, to open accounts, to deposit and withdraw funds, to designate other authorized
representatives, and to take all other action required or permitted by the City of Cibolo under the
Agreement created by the application, all in the name and on behalf of the City of Cibolo.
Section 2. The TEXSTAR Investment Policy is adopted as the City of Cibolo's investment policy, the
TEXSTAR investment officers are designated as the City of Cibolo's investment officers, and the
TEXSTAR Board is designated as custodian and deposititory , in each case for the City of Cibolo's
public funds under its control that are depositied with TEXSTAR. Unless the City of Cibolo provides a
contrary investment policy to TEXSTAR, it shall be the City of Cibolo's investment policy that any or all
of its public funds and funds under its control may be invested in and through TEXSTAR.
Section 3. This resolution will continue in full force and effect until amended or revoked by the City of
Cibolo and written notice of the amendment or revocation is delivered to the TEXSTAR Board.
Section 4. Terms used in this resolution have the meanings given to them by the application.
APPROVED AND ADOPTED ON THIS 8TH DAY OF MAY 2007
� JSutto , yor
ATTEST: o
Peggy Cimics,City Secretary
TexSTAR
0
APPLICATION FOR PARTICIPATION IN TExSTAR
The undersigned local government (Applicant) applies and agrees to become a Participant in the Texas Short Term
Asset Reserve Program (TEXSTAR).
1. Authorization. The governing body of Applicant has duly authorized this application by adopting the
following resolution at a meeting of such governing body duly called, noticed, and held in accordance with the
Texas Open Meeting Law, chapter 551, Texas Government Code, on , 20_:
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 Short Term Asset Reserve Program (rEXSTAR) 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 TEXSTAR and to
enter into the participation agreement authorized herein;
Now, THEREFORE, BE IT RESOLVED THAT:
SECTION 1. The form of application for participation in TEXSTAR 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 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. The TEXSTAR Investment Policy is adopted as Applicant's investment policy, the TEXSTAR
investment officers are designated as Applicant's investment officers, and the TExSTAR Board is designated
as custodian and depository, in each case for Applicant's public funds and funds under its control that are
deposited with TEXSTAR. Unless Applicant provides a contrary investment policy to TEXSTAR, it shall be
Applicant's investment policy that any or all of its public funds and funds under its control may be invested in
and through TEXSTAR
SECTION 3. 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 TEXSTAR Board.
SECTION 4. Terms used in this resolution have the meanings given to them by the application."
2. Agreement. Applicant agrees with other TExSTAR Participants and the TEXSTAR Board to the Terms and
Conditions of Participation in TEXSTAR, effective on this date, which are incorporated herein by reference.
Applicant makes the representations, designations, delegations, and representations described in the Terms
and Conditions of Participation.
TexSTARjOV BANK INFORMATION SHEET
EFFECTIVE DATE:
Please check all that apply. `,�,� C7,K C ; c l o
Z
Add new account ❑ Wire and ACH* Participant Name
DO c'k n S�
Street Address
❑ Change Information Wire Only
Mailing Address
ACH Only
TX
City State Zip Count;l
�— (- r, iyj
Location Series i Fund Pri ry Representative
C_^e SRP t-c_ �
� `71,-1-L8 rQ 1 O -� S qua U O fa CJ t 7
Account Name Phone Fax
C \ INSTRUCTIONS \
Bank Name: __ JC YVe A z 1 `���1�� an S.
Bank Address: NN c-', n eE�C
City:_S
J c V\ r't-z State: TX Zip: 7g S
Bank ABA No. (9 digits): (,, j "� Bank Account No: a S-7 1 Z
Bank Account Name: Bank Contact: W ;
Correspondent Bank (if any) Name/City:
Bank ABA No: Account Name: Account No:
CONFIRM THE INSTRUCTIONS FOR WIRE AND ACH TRANSFERS WITH YOUR LOCAL BANK. ACH INSTRUCTIONS MAY VARY FROM YOUR
BANK'S WIRING INSTRUCTIONS IF THE LOCAL BANK IS NOT ON-LINE WITH THE FEDERAL RESERVE. IF ACH INSTRUCTIONS DIFFER FROM
WIRING INSTRUCTIONS,PLEASE COMPLETE AN ADDITIONAL BANK INFORMATION SHEET.
' If ACH availability is selected, I hereby authorize JP Morgan Chase to directly deposit and withdraw funds by means of ACH electronic transfer to and
from the financial institution and the account designated above("Designated Account"). I agree that this authorization may be withdrawn with at least
45-days advance written notice to TexSTAR Participant Services. I understand that TexSTAR reserves the right to discontinue ACH electronic transfer
without advance notice. I also authorize JP Morgan Chase to deduct from the Designated Account or from subsequent deposits made to the Designated
Account all amounts deposited in error. Likewise, I authorize JP Morgan Chase to credit all amounts withdrawn in error to Designated Account.
NOTE: This authorization must be executed by two current Authorized Representatives of the Participant as set forth in the duly
enacted Resolution of the Participant which is on file with TexSTAR.
As a current Authorized Representative, l certify that the above information is both true and correct.
Authorz d
epresentative Signature Printed Name Title �— a
Authorized Represen ve Signature Printed Name Title Date
3. Authorized Representatives. Each of the following Participant officials is designated as Participants
Authorized Representative authorized to give notices and instructions to the Board in accordance with the
Agreement, the Bylaws, the Investment Policy, and the Operating Procedures:
Name Signature Title Direct Phone
7TCA�....�.. ...
y�....'. .................
..........I........................... ........................................ ...................................... ............................
...................................... ........................................ ...................................... ............................
...................................... ........................................ ...................................... ............................
The following Participant official listed above is designated as the Primary Contact and will receive all
TexSTAR correspondence including transaction confirmations and monthly statements [required]:
Name E-mail address
G� -........ ..C'.rr�-Cl-
1.t� ................ ...V.i. C.!.�57.1.��
The following Participant official not listed above is designated as a Participant Inquiry Only Representative
authorized to obtain account information [optional]:
Name Signature Title
......................................... ....................................... ........................................
Applicant may designate other authorized representatives by written instrument signed by an existing
Applicant Authorized Representative or Applicant's chief executive officer.
4. Taxpayer Identification Number. Applicant's taxpayer identification number is �.-.�.`1-.1. '.). S 7,
5. Bank Information Sheet(s). The attached [insert quantity] .....1...... Bank Information Sheet(s) is or are
approved and incorporated herein by reference to establish account(s) in the name of Applicant.
Dated this ......�:. 507
...........................
.......... . .
(N o licant)
By: ................. .... . .. .....
(Si nature ,icliiaal,)
...........................�N. ... ....... e!f.r":
Approved and accepted: (Printed ndme and title)
TEXAS S HORT TERM ASSET RESERVE FUND
By: FIRST SOUTHWEST ASSET MANAGEMENT, INC.,
Participant Services Administrator
By: ......................................................... Date: .............................
Authorized Signer