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 for the Local Government Investment Cooperative ("LOGIC").

BACKGROUND:

The Local Government Investment Cooperative (LOGIC) is a JP Morgan-affiliated investment group which the Town utilizes in order to gain interest on idle funds from Town revenues. This Resolution updates the Town's authorized representatives with LOGIC.

The list of authorized representatives with LOGIC needs to be amended to reflect changes in staff, titles and designations. These changes include:

Deleting Cheryl Delaney;
Adding Olivia Riley and designating her as the Primary Contact;
Designating Amanda Turner for "Approvals;" and,
Adding Benjamin Nguyen and Lauren Arnold as "Inquiry Only."

To make these changes, LOGIC requires the City Council to approve a resolution.

RECOMMENDATION:

Administration recommends approval.

Attachments
Resolution - LOGIC Authorized Representatives Amendment
Form - LOGIC Authorized Representatives