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Home My WebLink AboutRes 08-34 Approving the Addition of Two New TexPool AccountsTOWN OF WESTLAKE RESOLUTION NO. 08-34 APPROVING THE OPENING OF TWO ACCOUNTS WITH THE TEXAS LOCAL GOVERNMENT INVESTMENT POOL (TEXPOOL). (1) ARTS AND SCIENCES CENTER, AND (2) ARTS AND SCIENCES CENTER CONSTRUCTION MANAGER RETAINAGE. WHEREAS, The Town of Westlake is a current participant in the Texas Local Government Investment Pool (TexPool); and WHEREAS, it is prudent to set up a separate account for the construction of the Arks and Sciences Center to maintain all revenues and expenditures regarding the project in one account without commingling funds; and WHEREAS, the executed contract dated May 5, 2008 between the Town of Westlake and Steele & Freeman, Inc. (Construction Manager) states that the 10% retainage fee will be deposited in an interest bearing account with interest earned paid to the contractor upon satisfactory completion of the Arts and Sciences Center; and WHEREAS, Resolution No 08-22 has appointed Thomas E. Brymer, Debbie J Piper, and Donald R Redding as authorized signers of the Town of Westlake's TexPool accounts, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE: SECTION 1: That the Town of Westlake Board of Aldermen does hereby approve the opening of two accounts regarding the Arts and Sciences Center by the appointed authorized signers. SECTION 2: This Resolution shall become effective on June 6, 2008. PASSED AND APPROVED ON THIS 9TH DAY OF JUNE 2008. ff / Laura Wheat, Mayor AT EST. im utter, TRMC, Town Secretary Thomas E. Br ym w Mara APPROVED AS TO FORM: —3 r L. tanton y o , ttorney 1 "—I - a 0 FA P(D(DN, An t Lve.,amrnI Service ror Puhlir rumb olease check all that apply. Q Add new account ® Wire and ACH ** Q Add new Banking Instructions E] Change Banking Instructions Delete Banking Instructions Primary*** E] Wire Only M Primary*** ❑ ACH Only`* Primary' ** BANK INFORMATION SHEET *EFFECTIVE DATE: June 9, 2008 Town of Westlake * articipant Name 3 Village Circle, Suite 202 *Street Address 3 Village Circle, Suite 202 *Mailing Address Westlake TX 76262 Tarrant *City *State *lip *County ® TexPool 449 78200 Debbie Piper *Location Q TexPool Pr-irne 590 -*Primary Representative 2200800012 817-490-5712 817-430-1812 Account Number *Phone *Fax Arts & Sciences Center CM Retainage dpiper@westlake-tx.org *Account Name Email By initiating here I acknowledge that I have chosen TexPool - Prime and understand that if invests in commercial paper. I realize that this is consistent with my investment policy. INSTRUCTIONS xBank Name First Financial Bank *Bank Address 95TrophvClub Drive *City Trophy Club *Texas Zip 76262 Bank ABA No. 111914849 *Bank Account Name General Fund Credit Information Correspondent Bank (if any) Name/City Bank ABA No: Account Name *County Denton *Bank Account No 9111-000-6904 Bank Contact Patti M. Daniel Account No. CONFIRM THE INSTRUCTIONS FOR WIRE AND ACH TRAN5FER5 WITH YOUR LOCAL BANK. ACH IN5TRUCTION5 MAY VARY FROM YOUR BANK'S WIRING INSTRUCTIONS IF THE LOCAL BANK IS NOT ON-LINE WITH THE FEDERAL RESERVE. IF ACH IN5TRUCTIONS DIFFER FROM WIRING INSTRUCTIONS, PLEASE COMPLETE AN ADDITIONAL BANK INFORMATION SHEET. **If ACH availability is selected. I herebv authorize State Street Banti to directly deposit and withdraw funds by means of ACH electronic transfer to and from the financial inslitutiou and the account designated above ("Designated Account"). I agree that this authorization may be withdrawn with at least 45 -days advance written notice to TexPool Participant Set -vices. l understand that the "1 rust Company reserves the right to discontinue ACH electronic transfer without advance notice. I also authorize State Street Bank to deduct from the Designated Account or from subsequent deposits made to the Designated Account all amounts deposited in error. In the Brent the Designated Account is closed or contains an insufficient balance to allow deduction for amounts deposited in error, 1 agree that State Street Bank may withhold any payments owing: to me by the State of Texas until such amounts deposited in error are repaid. Likewise. I authorize State Street Bank to credit all amounts withdrawn in error to Designated Account. 11 -you have multiple wiring instructions attached to the same account you most select the applicable instructions far that transaction Indicate if instructions referenced represent Primary instructions by checking the appropriate box. 1"mdes placed via EDGEnet or the VRU will ah%ays be sent to the primary instructions. lfyou need funds wired to another set ul"instruclions please call a Participant Service Representative. 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 TexPool. As a cu rr uthorized Representative, I certify that the above information is both true and correct. Thomas E. Brymer Town Manager 6-9-08 Aut oriz Re to v Si nature `Printed Name TitY2 Dare Debbie J. Piper Finance Director 6-9-08 Authorized Representative Signature *Printed Name Title Date RIGINALS REQUIRED *REQUIRED FIELDS TEX - BANK TexPool Participant Services• Lehman Brothers 600 Travis St., Suite 7200• Houston,TX 77002 • www.texpool.com Phone 1-666-839-7665 • Fax 1-866-839-3291 9/06 a� An hiw,turenI Service for Public Funds ,,lease check all that apply. ❑X Add new account ❑x Wire and ACH ** Add new Banking Instructions ❑ Change Banking Instructions Delete Banking Instructions ❑ Primary*** ❑ Wire Only F1 Primary*** ACH Only** Primary*** ❑X TexPool 449 78200 El TexPool Prime 5901 *Location 2200800011 Account Number BANK INFORMATION SHEET *EFFECTIVE DATE: June 9, 2008 Town of Westlake *Participant Name 3 Village Circle, Suite 202 "Street Address 3 Village Circle, Suite 202 *Mailing Address Westlake *City TX 76262 Tarrant *State *Zip *County Debbie Piper *Primary Representative 817-490-5712 817-430-1812 *Phone *Fax Arts & Sciences Center dpiper@westlake-tx,org *Account Name Email By initialing here I acknowledge that I have chosen TexPool - Prime and understand that it invests in commercial paper. I realize that this is consistent with my investment policy. INSTRUCTIONS *Bank Mame First Financial Bank *Bank Address 95 TrODhv Club Drive *City Trophy Club *Texas Zip 76262 dank ABA No. 111914849 "Bank Account Name General Fund Credit Information Correspondent Bank (if any) Name/City Bank ABA No: Account Name *County Denton *Bank Account No 9111-000-6904 Bank Contact Patti M. Daniel 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. *"1fACH availability is selected, I hereby authorize Slate Street Bank to directly deposit and waithdraw funds by means ofACH electronic iransl'erto and from the financial institution and the account designated above ("Dcsignated Account"). I agree that this authorization may be withdrawn with at least 45-6ays advance written notice to lexpool Paniclpant Sm iees. I undcrstand that the Trust Company resencs the right to discontinue ACH electronic transfer without advance notice. I also authorize State Street Bank to deduct from the Dcsignated Account or from subsequent dcposifs made to the Designated account a€l :unounis depnsiled in error. In the event the Designated Account is closed or contains an insufficient balance to allow deduction For amounts deposited in error. I agree that State Street Bank may withhold any payments owing to me by the State of Texas until such amounts deposited in error are repaid. Likewise. I authorize State Street 13ank to credit all amounts withdrawn in error to Designated ACLOunl. *`* If you have multiple wiring instructions attached lo the same account you must selcet the applicable instrudians for that transaction. Indicate if instracuons referenced represent. primary instructions by checking the appropriate box. Trades placed via EDCiEnet or the VRU will always be sent to the primary instructions. If you need Funds u`ired to another set of instructions please call a Participant Sen ice Representalive. 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 TexPool. As a current Authorized Representative, I certify that the above information is both true and correct. Thomas E, Brymer Town Manager A ho ze a Z -5e, I gnatu "Printed Name Title - 5 Debbie J. Piper Finance Director Authorized Representative t5nature "Printed Name Title RIGINALS REQUIRED *REQUIRED FIELDS TexPool Participant Services • Lehman Brothers 600 Travis St., Suite 7200• Houston, TX 77002 • www.texpoot.com Phone 1-866-839-7665 - Fax 1-866-839-3291 6-9-08 Date 6-9-08 Date TEX - BANK 9/06