RES 2013-16 INVESTMENT OF MONIES IN THE LOCAL POOLRESOLUTION NO. 201346
A RESOLUTION of the City of Bainbridge Island, Washington,
authorizing investment of monies in the State of Washington's Local
Government Investment Pool.
WHEREAS, pursuant to Chapter 294, Laws of 1986, the State Legislature created a trust
fund to be known as the public funds investment account (commonly referred to as the Local
Government Investment Pool (LGIP)) for the deposit of money by an authorized governmental
entity for purposes of investment by the State Treasurer; and
WHEREAS, from time to time it may be advantageous to the City of Bainbridge Island
(City), an authorized entity, to deposit funds available for investment in the LGIP; and
WHEREAS, any deposits made on behalf of the City shall be first duly authorized by the
City Council, the "governing body" of the City, in this resolution or a subsequent resolution, and
a certified copy of said resolution shall be filed with the State Treasurer's Office; and
WHEREAS, the City Council attests by the signature of its Mayor that it is duly
authorized and empowered to enter into this agreement, to direct the deposit of City monies, and
to delegate certain authority to make adjustments to the incorporated transactional forms, to the
individuals designated herein.
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND,
WASHINGTON, DOES RESOLVE AS FOLLOWS.
Section 1. The City Council does hereby authorize the deposit and withdrawal of City
monies in the LGIP in the manner prescribed by law, rule, and applicable policies and
procedures for the LGIP.
Section 2. That the City Council has approved the Local Government Investment Pool
Transaction Authorization Form (Form) as completed by the Director of Finance and
Administrative Services and incorporates said form into this resolution by reference and does
hereby attest to its accuracy.
Section 3. That the City Council designates the Director of Finance and Administrative
Services, the "authorized individual" to authorize all amendments, changes, or alterations to the
Form or any other documentation including designating other individuals to make deposits and
withdrawals on behalf of the City.
Section 4. That this designation ends upon termination of the authorized individual's
relationship with the City or further action by the City terminating the delegation. It is the
responsibility of the City to notify the State Treasurer's Office immediately when any action has
been taken to end this delegation.
Section 5. That the Form as incorporated into this resolution or hereafter amended by
delegated authority or any other documentation signed or otherwise approved by the authorized
individual shall remain in effect should the authorized individual's delegate authority be
1
terminated or otherwise end. No amendments, changes, or alterations shall be made to the Form
or any other documentation until the City passes a new resolution naming a new authorized
individual.
Section 6. That the City Council acknowledges that neither the State of Washington nor
the State Treasurer guarantees any investment made by the City in the LGIP and it is possible to
lose money by investing in the LGIP. Therefore, the City agrees to hold the State of
Washington, the State Treasurer, and the LGIP harmless from any investment losses incurred as
a result of investment with the LGIP.
PASSED by the City Council this 23rd of October, 2013.
APPROVED by the Mayor this 23rd of October, 2013.
ATTEST /AUTHENTICATE:
I
°5D
Rosalind D. Lassoff, City
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
RESOLUTION NUMBER:
Bonkowski, Mayor
October 10, 2013
October 23, 2013
2013 -16
t
Attachment: Exhibit A: Local Government Investment Pool Transaction Authorization Form
LOCAL GOVERNMENT INVESTMENT POOL
TRANSACTION AUTHORIZATION FORM
Please fill out this form completely, including any existing information, as this form will reelace the previous form.
Name of Entity:
Fax Number:
E -mail Contact:
Mailing Address:
Do you wish to have your monthly LGIP statements faxed to the number listed above?
Please note — if you choose to receive statements via fax, you will not receive another copy via U.S. mail.
D YES, please fax statements 0 No, please send statements via U.S. mail
Bank account where
funds will be wired
when a withdrawal is
requested.
(Note: Funds will
not be transferred to
any account other than
that listed).
Bank Name:
Branch Location:
Bank Routing Number:
Account Number:
Account Name.
Persons authorized to make deposits and withdrawals for the entity listed above.
Name
Title
Signature
Telephone Number
(Title
Dale
(Print Authorized Signature)
E -mail Address
(Telephone number
Rv signature below. I certifv I am authorized to represent the institutionlaaencv for the ournosc of this transaction.
Any changes to these instructions must be submitted in writing to the Office of the State Treasurer. Please mail
this form to the address listed below:
OFFICE Or THE STATE TREASURER
LOCAL GOVERNMENT INVESTMENT POOL
PO Box 40200
OLYMPIA, WA 98504 -0200
FAx: (360) 902 -9044
State of Washington )
County of ) ss,
Signed or attested before me by
Dated this _ day of , 20�.
Signature of Notary
SEAL OR STAMP
Typed or printed name of Notary
Notary Public in and for the State of Wash.
My appointment expires:
Authorized Si nature) �
(Title
Dale
(Print Authorized Signature)
E -mail Address
(Telephone number
Any changes to these instructions must be submitted in writing to the Office of the State Treasurer. Please mail
this form to the address listed below:
OFFICE Or THE STATE TREASURER
LOCAL GOVERNMENT INVESTMENT POOL
PO Box 40200
OLYMPIA, WA 98504 -0200
FAx: (360) 902 -9044
State of Washington )
County of ) ss,
Signed or attested before me by
Dated this _ day of , 20�.
Signature of Notary
SEAL OR STAMP
Typed or printed name of Notary
Notary Public in and for the State of Wash.
My appointment expires: