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• Model Resolution or Ordinance: <br />Participation Agreement <br />Authorizing Participation in Texas TERM/TexasDAILY <br />And <br />Designating Authorized Representatives <br />WHEREAS, City of San Marcos ( " Participant') <br />is a local government of the State of Texas and is empowered to delegate to a public funds investment Pool <br />the authority to invest funds and to act as custodian of investments purchased with local investment funds; <br />and <br />WHEREAS, it is in the best interest of the Participant to invest local funds in investments that <br />provide for the preservation and safety of principal, liquidity, and yield consistent with the Public Funds <br />Investment Act; and <br />WHEREAS, the TexasTERM Local Government Investment Portfolio, a public funds investment <br />pool (a "Pool'), was created on behalf of entities whose investment objectives in order of priority are <br />preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act. <br />NOW THEREFORE, be it resolved as follows: <br />A. That Participant shall enter into a Participation Agreement to establish an account in its name <br />• in the Pool, for the purpose of transmitting local funds for investment in either the TexasTERM series or <br />the TexasDAILY series within the Pool. <br />B. That the individuals, whose signatures appear in this Resolution, are Authorized <br />Representatives of the Participant and are each hereby authorized to transmit funds for investment in the <br />Pool and are each further authorized to withdraw funds from time to time, to issue letters of instruction, and <br />to take all other actions deemed necessary or appropriate for the investment of local funds. <br />List of the Authorized Representatives of the Participant. These individuals may be issued P.I.N. numbers. <br />Name: Cynthia Zavala <br />2. <br />0 <br />Signatur <br />Name: Heather Hurlbert <br />Signature <br />N Ismael Garcia <br />Title: Accountant <br />Title: Assistant Director of Finance <br />ame. Title: Accounting Manager <br />r <br />Signature: <br />List the name of the Authorized Representative provided above that will have primary responsibility <br />for performing transactions and receiving confirmations and monthly statements under the <br />Participation Agreement. <br />• Name: Ismael Garcia <br />©2002 TexasDAILY Liquid Portfolio <br />