HomeMy WebLinkAboutRES 16-235RESOLUTION NO. 16-235
WHEREAS, on March 4, 1997, the City Council of the City of Beaumont, Texas
adopted Resolution No. 97-45 approving the Local Government Investment Cooperative
(LOGIC) as an investment alternative for the City of Beaumont; and,
WHEREAS, Kyle Hayes, Laura Clark and Todd Simoneaux are currently
authorized representatives with LOGIC; and,
WHEREAS, Laura Clark is to be deleted as an authorized representative and
Kyle Hayes, Todd Simoneaux and Kristin Ferguson are to be designated as authorized
representatives for the City of Beaumont;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the statements and findings set out in the preamble to this resolution are hereby,
in all things, approved and adopted; and,
THAT Kyle Hayes, Todd Simoneaux and Kristin Ferguson are to be designated
as authorized representatives for the City of Beaumont and are hereby authorized to
transmit funds for investment in the Local Government Investment Cooperative (LOGIC)
and are further authorized to withdraw funds as needed, to issue letters of instruction
and to take all other actions deemed necessary or appropriate for the investment of
local funds; and,
BE IT FURTHER RESOLVED THAT Laura Clark is to be deleted as an
authorized representative with LOGIC; and,
BE IT ALSO RESOLVED THAT this Resolution shall be effective from and after
the date of its passage.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 22nd day of
November, 2016.
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- Mayr Becky Ames -