HomeMy WebLinkAboutRES 1998-007 �
RESOLUTION NO. 98-07
,,,�,,, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS DESIGNATING AUTHORIZED
REPRESENTATIVES FOR LOCAL GOVERNMENT
INVESTMENT COOPERATIVE (LOGIC)AND PROVIDING AN
EFFECTIVE DATE
WHEREAS, the City of Grapevine (the "Government entity") by authority of that
certain Local Government Investment Cooperative City of Grapevine Resolution No. 97-27
(the "Resolution") has entered into that certain Interlocal Agreement (the "Agreement") and
has become a participant in the public funds investment pool created thereunder known
as Local Government Investment Cooperative ("LOGIC"); and
WHEREAS, the Resolution designated one or more "Authorized Representatives"
within the meaning of the Agreement; and
WHEREAS, the city of Grapevine now wishes to update and designate the following
persons as the "Authorized Representatives" within the meaning of the Agreement.
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
�, OF GRAPEVINE, TEXAS:
Section 1. The following officers, officials or employees of the City of Grapevine are
hereby designated as "Authorized Representatives" within the meaning of the Agreement,
with full power and authority to: deposit money to and withdraw money from the City of
Grapevine's LOGIC account or accounts from time to time in accordance with the
Agreement and the Information Statement describing the Agreement and to take all other
actions deemed necessary or appropriate for the investment of funds of the City of
Grapevine in LOGIC:
Fred L. Werner, Finance Manager
_ (Signature)
William A. Gaither, Director of Ad inistrative Services
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(Signature)
Bruno Rumbelow, Assistant City Manager
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(Signature)
Section 2. The foregoing supersedes and replaces the City of Grapevine's previous
designation of officers, officials or employees as Authorized Representatives under the
Agreement pursuant to Section 5 of the Resolution. Except as hereby modified, the
Resolution shall remain in full force and effect.
Section 3. That this resolution shall become effective from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 3rd day of February , 1998.
APPROVED:
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William D. Tate
Mayor
ATTEST:
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J i Brown
sistant City Secretary
APPROVED AS TO FORM:
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John F. Boyle, Jr. "
City Attorney
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RES. NO. 98_-07 2