Agenda

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Work Session and Regular Meeting

Meeting Date:	05/28/2019
Department:	Finance

AGENDA CAPTION:

Consider Action to Approve a Resolution Amending the Town of Addison's Authorized Representatives to the Local Government Investment Pool - TexPool/TexPool Prime.

BACKGROUND:

The Town invests a portion of its portfolio in a local government investment pool know as TexPool. The pool invests primarily in short-term securities maturing in less than seven days. As such, TexPool offers the Town a competitive short-term yield with the added flexibility of immediate funds availability.

The list of authorized representatives with TexPool needs to be amended to reflect staff, title and designation changes. To make changes to our authorized representatives, TexPool requires that the City Council approve/authorize the changes by resolution.

RECOMMENDATION:

Administration recommends approval.

Attachments
Resolution - TexPool Representatives Amendment
Form - TexPool Authorized Representative Update